Nippon Life India Asset Management Ltd

Nippon Life Ind. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nippon Life India Asset Management Ltd

₹ 675 -1.83%
21 Nov - close price
mf.nipponindiaim.com BSE: 540767 NSE: NAM-INDIA
About

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)

Key Points

Part of Nippon Insurance, Japan[1]
The Company is promoted by Nippon Life Insurance Company, one of the leading private life insurers in Japan, with assets of over JPY 87 trn as of FY23.

Website BSE NSE
  • Market Cap ₹ 42,699 Cr.
  • Current Price ₹ 675
  • High / Low ₹ 749 / 403
  • Stock P/E 32.4
  • Book Value ₹ 64.2
  • Dividend Yield 2.44 %
  • ROCE 36.2 %
  • ROE 29.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 95.0%

Cons

  • Stock is trading at 10.5 times its book value
  • The company has delivered a poor sales growth of 4.33% over past five years.
  • Earnings include an other income of Rs.451 Cr.

* 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

Part of BSE Diversified Financials Revenue Growth Index (I Nifty LargeMidcap 250 BSE Allcap BSE 150 MidCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
328 339 338 316 332 354 348 354 397 423 468 505 571
135 126 130 137 138 141 140 152 156 164 178 189 197
Operating Profit 193 212 208 179 194 213 209 202 241 259 291 316 374
OPM % 59% 63% 62% 57% 58% 60% 60% 57% 61% 61% 62% 63% 66%
97 30 34 -17 82 62 40 117 78 107 92 131 121
Interest 1 1 1 1 1 1 1 1 2 2 2 2 2
Depreciation 7 6 7 7 7 8 8 8 7 7 7 7 7
Profit before tax 283 235 234 155 268 266 239 310 310 358 374 439 486
Tax % 25% 26% 25% 26% 23% 23% 17% 24% 21% 21% 8% 24% 26%
214 174 175 114 206 205 198 236 244 284 343 332 360
EPS in Rs 3.44 2.80 2.81 1.83 3.31 3.29 3.18 3.78 3.91 4.53 5.44 5.26 5.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
733 774 951 1,311 1,435 1,735 1,647 1,192 1,419 1,533 1,512 2,036 1,968
432 434 484 787 837 1,082 940 594 505 516 555 649 727
Operating Profit 301 340 468 524 598 653 707 598 914 1,017 957 1,386 1,241
OPM % 41% 44% 49% 40% 42% 38% 43% 50% 64% 66% 63% 68% 63%
1 4 3 3 1 14 3 1 1 2 5 2 451
Interest 0 0 0 0 0 2 0 6 4 4 4 6 7
Depreciation 9 14 7 4 18 9 10 33 33 27 30 29 28
Profit before tax 293 330 464 522 581 656 700 560 877 989 928 1,352 1,657
Tax % 21% 18% 24% 24% 31% 30% 30% 26% 23% 25% 22% 18%
230 271 354 396 402 457 487 415 680 744 723 1,107 1,320
EPS in Rs 199.97 234.92 307.69 344.12 348.92 7.45 7.94 6.78 11.04 11.96 11.61 17.58 20.92
Dividend Payout % 68% 123% 40% 36% 0% 81% 76% 74% 72% 92% 99% 94%
Compounded Sales Growth
10 Years: 10%
5 Years: 4%
3 Years: 13%
TTM: 35%
Compounded Profit Growth
10 Years: 15%
5 Years: 18%
3 Years: 18%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 20%
1 Year: 65%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 24%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 12 12 612 612 612 616 622 623 630 633
Reserves 1,446 1,543 1,495 1,750 1,831 1,753 1,958 1,981 2,484 2,857 2,892 3,352 3,434
0 0 30 30 30 0 0 0 0 0 0 0 0
103 155 166 139 179 357 206 288 291 318 345 393 464
Total Liabilities 1,561 1,709 1,702 1,931 2,051 2,722 2,776 2,881 3,392 3,797 3,861 4,375 4,531
20 14 7 12 251 258 256 324 301 296 305 331 336
CWIP 0 0 0 0 0 3 1 2 1 0 2 2 3
Investments 603 741 835 911 947 993 1,290 1,885 2,550 2,942 3,023 3,513 3,583
939 954 860 1,008 854 1,469 1,229 671 540 559 530 530 609
Total Assets 1,561 1,709 1,702 1,931 2,051 2,722 2,776 2,881 3,392 3,797 3,861 4,375 4,531

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-42 218 556 376 386 605 456 580 587 777
441 -25 -316 -260 -35 37 -402 -125 98 -104
-404 -174 -300 -92 -359 -468 -239 -426 -712 -671
Net Cash Flow -5 19 -61 24 -7 174 -185 29 -27 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 8 5 7 17 11 8 23 18 12 18 23 23
Inventory Days
Days Payable
Cash Conversion Cycle 8 5 7 17 11 8 23 18 12 18 23 23
Working Capital Days -3 284 127 115 124 -36 25 -25 -19 -5 -4 -8
ROCE % 22% 30% 31% 32% 31% 28% 22% 31% 30% 27% 36%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.82% 73.80% 73.74% 73.68% 73.66% 73.66% 73.64% 73.47% 73.10% 72.86% 72.66% 72.49%
7.16% 6.69% 6.52% 6.37% 5.77% 4.95% 4.84% 5.06% 5.54% 5.49% 6.56% 7.73%
8.37% 8.83% 9.24% 9.12% 9.06% 9.41% 10.24% 14.57% 14.18% 14.40% 14.34% 13.47%
10.65% 10.68% 10.50% 10.82% 11.52% 11.97% 11.28% 6.92% 7.18% 7.26% 6.43% 6.31%
No. of Shareholders 1,69,2621,69,2181,73,1201,76,5191,84,2851,88,7221,89,0771,71,9681,80,8541,86,1661,79,7491,90,944

* 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.

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Documents

Announcements

Annual reports

Credit ratings

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