UTI Asset Management Company Ltd

UTI Asset Management Company Ltd

₹ 900 -0.23%
19 Apr - close price
About

UTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996.[1] It was the first to introduce Mutual Funds in India and is focused solely on Investment management and related services.[2]

Key Points

Pioneer of Mutual Fund in India[1][2][3]
UTI is the Oldest Mutual Fund in India & is a trusted household brand. The Co. was the first to launch Equity Mutual Fund, Children’s Plan, and in the Mutual Fund industry, it commands a market share of 5.83% on a QAAUM basis(FY22), it also has an overall Market Share of 27.4% in the National Pension System.

Product Offerings
The company offers various products/ services that include various kinds of funds such as equity funds, debt funds, overnight funds & liquid funds, hybrid funds, Exchange-traded funds, and solution-based funds. It is also involved in other businesses like offshore business, alternate investment funds, the National Pension Scheme (NPS), and Portfolio Management Services (PMS).[4]

  • Market Cap 11,458 Cr.
  • Current Price 900
  • High / Low 965 / 639
  • Stock P/E 16.6
  • Book Value 312
  • Dividend Yield 2.44 %
  • ROCE 15.9 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 52.5%

Cons

  • The company has delivered a poor sales growth of 2.23% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
342 289 344 380 309 301 293 435 295 301 468 404 449
151 126 145 147 149 196 191 165 178 179 168 173 176
Operating Profit 191 163 199 234 160 105 103 270 117 122 300 232 273
OPM % 56% 56% 58% 61% 52% 35% 35% 62% 40% 41% 64% 57% 61%
1 0 2 3 -0 4 13 4 -2 8 1 2 1
Interest 2 2 2 2 3 2 2 2 2 2 3 3 3
Depreciation 10 9 9 9 9 9 10 10 10 10 10 10 10
Profit before tax 180 152 190 225 148 97 104 262 103 117 288 220 261
Tax % 22% 12% 18% 12% 14% 45% 12% 23% 41% 27% 19% 17% 22%
140 134 155 199 127 54 92 202 60 86 234 183 203
EPS in Rs 11.06 10.56 12.23 15.67 9.97 4.25 7.21 15.73 4.76 6.75 18.46 14.39 14.59
Raw PDF
Upcoming result date: 25 April 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
408 442 497 502 934 1,134 1,051 854 1,169 1,319 1,267 1,622
172 219 292 298 499 577 552 506 526 621 655 695
Operating Profit 236 223 206 204 435 558 498 349 643 698 612 926
OPM % 58% 50% 41% 41% 47% 49% 47% 41% 55% 53% 48% 57%
2 4 2 1 13 22 30 36 4 8 23 11
Interest 0 0 0 0 0 0 8 9 8 9 10 11
Depreciation 4 6 9 10 13 14 29 34 36 37 40 41
Profit before tax 234 221 199 195 435 566 491 341 603 660 586 886
Tax % 33% 32% 30% 25% 26% 29% 29% 19% 18% 19% 25%
156 151 139 147 321 402 348 275 494 535 440 706
EPS in Rs 31.19 12.12 11.12 11.73 25.29 31.68 27.83 21.41 38.97 42.09 34.44 54.19
Dividend Payout % 26% 26% 25% 23% 16% 16% 18% 33% 44% 50% 64%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 14%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 17%
TTM: 70%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 17%
1 Year: 35%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 50 125 125 125 127 127 127 127 127 127 127 127
Reserves 417 445 743 855 1,789 2,161 2,478 2,646 3,125 3,493 3,741 3,848
0 0 0 0 0 0 0 0 0 0 0 0
185 209 218 202 205 262 409 393 398 363 307 784
Total Liabilities 651 779 1,086 1,182 2,121 2,550 3,013 3,165 3,650 3,983 4,175 4,759
108 164 208 201 278 273 351 373 360 357 368 392
CWIP 2 0 0 0 3 5 1 1 5 8 9 5
Investments 315 391 646 720 1,543 1,932 2,261 2,356 2,747 2,994 3,248 3,890
227 223 232 260 297 339 400 436 539 623 550 472
Total Assets 651 779 1,086 1,182 2,121 2,550 3,013 3,165 3,650 3,983 4,175 4,759

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
72 324 316 123 181 153 337 395
-22 -242 -233 -26 -102 -57 -60 -93
-35 -65 -44 -123 -84 -104 -215 -267
Net Cash Flow 16 16 39 -26 -5 -8 62 36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 20 7 5 18 3 9 10 19 14 22 27
Inventory Days
Days Payable
Cash Conversion Cycle 20 7 5 18 3 9 10 19 14 22 27
Working Capital Days -14 -26 -62 -44 -28 -40 -31 -24 -47 -31 -32
ROCE % 42% 21% 27% 20% 13% 20% 19% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
4.07% 4.74% 5.45% 6.49% 6.31% 6.25% 6.26% 6.06% 4.84% 4.94% 5.57% 5.97%
86.76% 85.38% 84.27% 83.26% 83.14% 60.14% 59.99% 60.26% 61.03% 61.69% 61.13% 60.93%
9.17% 9.88% 10.28% 10.25% 10.55% 33.61% 33.75% 33.68% 34.12% 33.36% 33.31% 33.12%
No. of Shareholders 1,76,7651,78,6561,77,7291,75,8201,79,8241,80,1891,61,6321,60,5381,57,9461,55,9181,52,1271,48,066

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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