UTI Asset Management Company Ltd
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]
- Market Cap ₹ 10,346 Cr.
- Current Price ₹ 813
- High / Low ₹ 965 / 618
- Stock P/E 15.0
- Book Value ₹ 312
- Dividend Yield 2.71 %
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 13% |
1 Year: | 32% |
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% |
Documents
Announcements
- Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 - Continual Disclosure 19h
- Closure of Trading Window 1d
- Board Meeting Intimation for Considering And Approving Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ending 31St March, 2024, Recommending Dividend And Discussing Other Business Matters 2d
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
2d - Allotment of 1,864 equity shares under ''UTI AMC Employee Stock Option Scheme - 2007''
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
13 Mar - Allotment of 500 equity shares under ''UTI AMC Employee Stock Option Scheme -2007.''
Annual reports
Concalls
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Jan 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Nov 2020Transcript PPT
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]