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Nippon Life India Asset Management Ltd

NAM-INDIA NSE

Key Fundamentals

MidcapAMC Mutual FundCapital Markets
Market Cap
₹74,501 Cr
Volatility
Moderate
P/E Ratio
45.96
EBITDA
₹2,019 Cr
Return on Equity
32.8%
Debt to Equity
0.02
Book Value
₹72.86
EPS
₹19.06
52W High
₹1,233.5
52W Low
₹780.25

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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39 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
  • Company has been maintaining a healthy dividend payout of 90.8%

Weaknesses

1
  • Stock is trading at 16.5 times its book value

Growth Rate

Revenue Growth
16.36% ↘
Net Income Growth
18.85% ↘
Cash Flow Change
22.22% ↗
ROE
7.47% ↘
ROCE
5.77% ↘
EBITDA Margin (Avg.)
0.20% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Nippon Life India Asset Management commands a market cap of ₹75,440 Cr at a PE of 45.7x and PB of 16.05x, reflecting premium valuations for a debt-free asset management franchise that has delivered 34% ROE in the last year and compounded profits at 28% CAGR over three years while maintaining a 90.8% dividend payout ratio.

Bull Case 8
  • Virtually debt-free balance sheet eliminates financial risk and provides full operating leverage on AUM growth
  • Last year ROE of 34% and 3-year average ROE of 31.9% demonstrate consistently superior capital efficiency for an asset-light business
  • Compounded profit growth of 28% over 3 years and 21% TTM shows strong and accelerating earnings momentum
  • Dividend yield of 1.82% backed by a 90.8% payout ratio signals confidence in cash flow sustainability and shareholder-friendly capital allocation
  • Revenue CAGR of 25% over 3 years and 23% TTM indicates robust AUM accretion amid rising mutual fund penetration in India
  • Stock CAGR of 55% over 3 years reflects market recognition of the structural growth runway in Indian capital markets
  • 10-year compounded profit growth of 14% and 5-year profit growth of 18% show a clear acceleration trend in earnings trajectory
  • 5-year ROE of 28% and 10-year ROE of 25% demonstrate long-duration consistency in profitability across market cycles
Bear Case 8
  • PE of 45.7x is significantly above broader market averages, pricing in substantial future growth and leaving limited margin of safety
  • Price-to-book of 16.05x means investors pay a steep premium over net asset value, increasing downside risk in a market correction
  • 1-year stock CAGR of 48% has front-loaded returns, raising the risk of mean reversion or consolidation at current levels
  • 90.8% dividend payout leaves minimal retained earnings for organic investment or acquisitions if competitive intensity increases
  • 10-year revenue CAGR of only 8% indicates that the recent 23-25% growth is a relatively recent phenomenon and may not sustain through a full market cycle
  • Revenue is inherently tied to equity market levels — a prolonged market downturn would compress AUM-linked fees and earnings simultaneously
  • Capital markets sector carries cyclical risk; 5-year compounded sales growth of 16% versus 3-year of 25% shows sensitivity to market conditions
  • At ₹75,440 Cr market cap, further re-rating potential is constrained unless profit growth consistently exceeds 25-30% annually to justify current multiples

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Headwinds 2
  • Yield compression ahead Jul 23

    Management expects overall yield to decline by 1-2 basis points year-on-year as equity AUM increases, signaling margin pressure from product mix shift.

  • Rising expenses 18-20% Jul 23

    Other expenses projected to grow 18-20% over next 6-8 quarters due to technology and digital investments, with ESOP expenses estimated at ~INR 60 crores for FY27.

Positives 2
  • Q1 profit up 27% Jul 22

    Net profit rose 27% to ₹503.7 crore for Q1 ended June 30, 2026, driven by 25% increase in total income and highest-ever quarterly operating profit.

  • SIF launches and DWS JV Jul 23

    Company is ready for differentiated SIF product launches and expects the DWS joint venture to attract more European capital flows into India.

Neutral 1
  • Emkay analyst meet Aug 14 Aug 6

    Nippon Life India AMC will attend Emkay Confluence 2026 in Mumbai on August 14, 2026, for an in-person session with institutional investors and analysts.

TL;DR: Nippon Life India AMC is delivering strong earnings growth with record Q1 operating profit and 27% net profit increase, supported by strategic expansion via SIF launches and the DWS JV for European inflows. Key risks are modest yield compression as equity AUM scales and elevated expense growth from tech investments. The fundamental trend is positive with top-line momentum outpacing cost headwinds, though investors should monitor whether expense growth moderates after the investment cycle.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
354
397
423
468
505
571
588
567
607
658
705
739
767
Expenses
152
156
164
178
189
197
202
201
218
229
235
232
259
Operating Profit
202
241
259
291
316
374
386
365
388
430
470
507
508
OPM %
57%
61%
61%
62%
63%
66%
66%
64%
64%
65%
67%
69%
66%
Other Income
117
78
107
92
131
121
15
23
146
37
75
-34
170
Interest
1
2
2
2
2
2
2
2
2
2
2
2
2
Depreciation
8
7
7
7
7
7
8
9
8
9
11
12
12
PBT
310
310
358
374
439
486
392
378
524
456
533
460
664
Tax %
24%
21%
21%
8%
24%
26%
25%
21%
24%
24%
24%
16%
24%
Net Profit
236
244
284
343
332
360
295
299
396
345
404
385
504
EPS in Rs
3.78
3.91
4.53
5.44
5.26
5.69
4.66
4.7
6.23
5.41
6.34
6.03
7.88
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
951
1,311
1,435
1,735
1,647
1,192
1,419
1,533
1,512
2,036
2,518
2,924
2,869
Expenses
484
787
837
1,082
940
594
505
516
555
649
789
914
954
Operating Profit
468
524
598
653
707
598
914
1,017
957
1,386
1,729
2,010
1,915
OPM %
49%
40%
42%
38%
43%
50%
64%
66%
63%
68%
69%
69%
67%
Other Income
3
3
1
14
3
1
1
2
5
2
3
9
249
Interest
0
0
0
2
0
6
4
4
4
6
7
7
7
Depreciation
7
4
18
9
10
33
33
27
30
29
31
40
44
PBT
464
522
581
656
700
560
877
989
928
1,352
1,694
1,972
2,113
Tax %
24%
24%
31%
30%
30%
26%
23%
25%
22%
18%
24%
23%
—
Net Profit
354
396
402
457
487
415
680
744
723
1,107
1,286
1,529
1,637
EPS in Rs
308
344
349
7.45
7.94
6.78
11.04
11.96
11.61
17.58
20.27
23.97
25.66
Div. Payout %
40%
36%
0%
81%
76%
74%
72%
92%
99%
94%
89%
90%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
12
12
612
612
612
616
622
623
630
635
638
Reserves
1,495
1,750
1,831
1,753
1,958
1,981
2,484
2,857
2,892
3,352
3,578
4,021
Borrowings
30
30
30
0
0
0
0
0
0
79
88
75
Other Liabilities
166
139
179
357
206
288
291
318
345
314
369
458
Total Liabilities
1,702
1,931
2,051
2,722
2,776
2,881
3,392
3,797
3,861
4,375
4,670
5,192
Fixed Assets
7
12
251
258
256
324
301
296
305
331
868
916
CWIP
0
0
0
3
1
2
1
0
2
2
4
2
Investments
835
911
947
993
1,290
1,885
2,550
2,942
3,023
3,513
3,324
3,767
Other Assets
860
1,008
854
1,469
1,229
671
540
559
530
530
475
507
Total Assets
1,702
1,931
2,051
2,722
2,776
2,881
3,392
3,797
3,861
4,375
4,670
5,192
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-42
218
556
376
386
605
456
580
587
777
1,200
1,466
Investing
441
-25
-316
-260
-35
37
-402
-125
98
-104
-82
-326
Financing
-404
-174
-300
-92
-359
-468
-239
-426
-712
-671
-1,116
-1,150
Net Cash Flow
-5
19
-61
24
-7
174
-185
29
-27
3
2
-10
Free Cash Flow
-44
209
299
361
378
601
436
573
574
767
659
1,389
CFO/OP
12
69
120
87
85
126
69
78
79
74
91
95
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
7
17
11
8
23
18
12
18
23
23
10
10
Cash Conversion Cycle
7
17
11
8
23
18
12
18
23
23
10
10
Working Capital Days
127
115
124
-36
25
-25
-19
-5
-4
6
-9
-16
ROCE %
30%
31%
32%
31%
28%
22%
31%
30%
27%
36%
41%
44%

Shareholding Pattern

As of Jun 2026
Promoters 71.80%
DIIs 15.49%
FIIs 7.04%
Public 4.52%
Others 1.15%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
74.46%
74.23%
73.97%
73.82%
73.80%
73.74%
73.68%
73.66%
73.66%
73.64%
73.47%
73.10%
72.86%
72.66%
72.49%
72.43%
72.32%
72.25%
72.10%
72.05%
71.93%
71.80%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.54%
5.48%
6.56%
7.73%
8.29%
8.34%
7.60%
7.64%
7.90%
7.34%
7.04%
DIIs
4.64%
5.89%
7.71%
1.85%
2.09%
2.22%
9.02%
9.06%
9.41%
10.24%
14.51%
14.19%
14.40%
14.35%
13.48%
13.02%
12.80%
13.45%
12.96%
13.84%
14.78%
15.49%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
5.23%
5.41%
4.51%
4.90%
4.80%
4.92%
5.11%
5.71%
6.25%
6.31%
5.31%
5.55%
5.58%
5.01%
4.91%
5.06%
5.34%
5.38%
5.63%
4.99%
4.77%
4.52%
Others
15.67%
14.47%
13.82%
19.43%
19.31%
19.12%
12.19%
11.57%
10.68%
9.81%
6.71%
1.63%
1.68%
1.43%
1.39%
1.19%
1.20%
1.32%
1.66%
1.22%
1.17%
1.15%
No. of Shareholders
1,67,543
1,63,933
1,60,840
1,69,262
1,69,218
1,73,120
1,76,519
1,84,285
1,88,722
1,89,077
1,71,968
1,80,854
1,86,166
1,79,749
1,90,944
2,02,322
2,14,835
2,10,173
2,19,435
2,19,415
2,08,596
2,00,154

Documents

Frequently Asked Questions about Nippon Life India Asset Management Ltd

What does Nippon Life India Asset Management Ltd do?
Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates.(Source : 202003 Annual Report Page No: 01)
Where is Nippon Life India Asset Management Ltd (NAM-INDIA) listed?
Nippon Life India Asset Management Ltd is listed on the Indian stock exchanges. It is listed on NSE: NAM-INDIA and BSE: 540767. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nippon Life India Asset Management Ltd belong to?
Nippon Life India Asset Management Ltd operates in the Capital Markets sector within the AMC Mutual Fund industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nippon Life India Asset Management Ltd?
Nippon Life India Asset Management Ltd has a market capitalisation of approximately ₹74500.93 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Nippon Life India Asset Management Ltd?
The Price-to-Earnings (PE) ratio of Nippon Life India Asset Management Ltd is 45.96. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nippon Life India Asset Management Ltd?
Over the past 52 weeks, Nippon Life India Asset Management Ltd has traded between a low of ₹780.25 and a high of ₹1,233.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nippon Life India Asset Management Ltd pay dividends?
Yes, Nippon Life India Asset Management Ltd has a dividend yield of 1.79%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nippon Life India Asset Management Ltd?
Nippon Life India Asset Management Ltd has a Return on Equity (ROE) of 32.80%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nippon Life India Asset Management Ltd on Tapetide?
On Tapetide, you can view Nippon Life India Asset Management Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates.(Source : 202003 Annual Report Page No: 01)

Website mf.nipponindiaim.com
CEO Mr. Sundeep Sikka M.B.A.
Employees 1,104
Listed 2017-11-06
Face Value ₹ 10
Issued Size 63,70,91,750

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