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Nippon Life India AMC

Nippon Life India Asset Management Ltd

NAM-INDIA NSE
₹1,000.35 +16.35 (+1.66%)
P/E
38.98
View as Markdown
MCP
Close 4 Nov 2026 ₹1,000.35 +133.50 +15.4% 1Y
Start ₹866.85

Key Fundamentals

MidcapCapital MarketsFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
43.80%
Debt to Equity
0.02
EPS (TTM)
₹25.66
Book Value
₹74.53
Market Cap
—
P/E (TTM)
38.98
P/B
13.42
ROE
34.50%
Dividend Yield
0.97%
EBITDA
₹2,019 Cr
52W High
₹1,269.50
52W Low
₹795.80
Day Range
₹978.40 – ₹1,008.90
Volume
13,73,427

Peer Comparison

Financial Services › Capital Markets › AMC Mutual Fund › Asset Management Company

Nippon Life India AMC peer comparison
ICICI Prudential Asset Management
₹2,880.2028.53₹1,42,485 Cr26.661.04%85.80%115.00%₹6,040 Cr₹3,486 Cr
HDFC AMC
₹2,505.0036.01₹1,06,865 Cr12.472.21%32.90%42.90%₹4,392 Cr₹2,981 Cr
SBI Funds Management
₹498.2533.22₹99,163 Cr13.4316.50%43.00%56.50%₹5,092 Cr₹3,054 Cr
Nippon Life India AMC (this company)
₹1,000.3538.98₹63,623 Cr13.420.97%34.50%43.80%₹2,869 Cr₹1,638 Cr
Aditya Birla Sun Life AMC
₹855.2025.04₹23,578 Cr6.383.14%25.20%32.20%₹1,883 Cr₹987 Cr
UTI AMC
₹820.0522.85₹10,369 Cr2.394.99%10.30%15.60%₹1,909 Cr₹513 Cr
Canara Robeco Asset Management Company
₹227.6120.79₹4,364 Cr5.430.92%30.30%40.10%₹478 Cr₹219 Cr
Median 7 companies₹855.2028.53₹63,623 Cr12.472.21%32.90%42.90%₹2,869 Cr₹1,638 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
89
Strong
Returns, margins, earnings quality 22% weight
Valuation
43
Weak
Cheap vs sector & own history 24% weight
Growth
76
Strong
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 14.5 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
47.37
Neutral
MACD (12,26,9)
−39.74
Bullish
SMA (50)
1,091.18
Bearish
SMA (200)
1,044.39
Bearish

As of

Analyst Rating

Based on 24 analysts
BUY79%

19 of 24 analysts rate Buy, 4 Hold, 1 Sell.

As of

BUY
19
79%
HOLD
4
17%
SELL
1
4%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.35%
5Y+15.56%
3Y+24.59%
1Y+16.12%
TTM+22.97%

Net profit

Net profit growth by window
10Y+14.46%
5Y+17.59%
3Y+28.36%
1Y+18.90%
TTM+21.33%

Operating cash flow

Operating cash flow growth by window
10Y+21.00%
5Y+26.31%
3Y+35.67%
1Y+22.17%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+28.77 pp
5Y+4.33 pp
3Y+5.45 pp
1Y+0.07 pp
TTM+1.90 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,435 Cr
Mar 2018₹1,735 Cr
Mar 2019₹1,647 Cr
Mar 2020₹1,192 Cr
Mar 2021₹1,419 Cr
Mar 2022₹1,533 Cr
Mar 2023₹1,512 Cr
Mar 2024₹2,036 Cr
Mar 2025₹2,518 Cr
Mar 2026₹2,924 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹402 Cr
Mar 2018₹457 Cr
Mar 2019₹487 Cr
Mar 2020₹415 Cr
Mar 2021₹680 Cr
Mar 2022₹744 Cr
Mar 2023₹723 Cr
Mar 2024₹1,107 Cr
Mar 2025₹1,286 Cr
Mar 2026₹1,529 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹544 Cr +17.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Nippon Life India Asset Management Ltd trades at ₹957.75 as of 2026-11-02, with a market cap of ₹59,383 crore and a PE of 37.32x. The company is virtually debt-free (debt-to-equity of 0.02), delivers a strong ROE of 32.8%, and has compounded profits at 28% over 3 years, though the stock trades at 12.85x book value and sits roughly 25% below its 52-week high of ₹1,269.50.

Bull Case 8
  • Near-zero leverage with a debt-to-equity ratio of just 0.02, giving the company significant financial flexibility and resilience through market cycles.
  • Consistently high return on equity at 32.8% currently, with 3-year and 5-year average ROE of 32% and 28% respectively, indicating efficient capital deployment.
  • Robust profit growth with 3-year compounded profit CAGR of 28% and TTM profit growth of 21%, demonstrating strong earnings momentum.
  • Revenue growth has accelerated to a 3-year compounded sales CAGR of 25% and TTM sales growth of 23%, reflecting expanding AUM and market share.
  • Healthy dividend payout ratio of 90.8% combined with a 1.05% dividend yield provides meaningful shareholder returns for an asset-light business.
  • ROCE of 40.69% underscores the capital-light nature of the asset management business and the company's pricing power.
  • Stock has delivered a 1-year return CAGR of 22% and a 3-year CAGR of 47%, reflecting sustained investor confidence in the growth trajectory.
  • Long-term profit compounding at 14% over 10 years with an improving trend — 18% over 5 years and 28% over 3 years — suggests the business is scaling well.
Bear Case 8
  • The stock trades at 12.85x price-to-book, a steep premium that prices in significant future growth and leaves little margin for execution missteps.
  • A trailing PE of 37.32x against TTM EPS of ₹25.66 implies the market expects sustained high growth; any deceleration could compress multiples.
  • The stock is down roughly 25% from its 52-week high of ₹1,269.50, signalling potential distribution or weakening sentiment in the near term.
  • 10-year compounded sales CAGR of only 8% versus the 3-year figure of 25% highlights that recent top-line acceleration may not be structurally permanent.
  • Revenue is highly correlated with equity market levels — any prolonged market downturn would directly reduce AUM-linked management fees and compress earnings.
  • The 5-year stock CAGR of 19% trails the 3-year CAGR of 47%, suggesting a large portion of returns are concentrated in recent years and may mean-revert.
  • At a dividend yield of 1.05% and PE of 37.32x, income-oriented investors receive modest current yield relative to the valuation premium being paid.
  • The asset management industry in India faces rising competition and regulatory pressure on expense ratios, which could constrain margin expansion despite AUM growth.

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

AI News Digest

9h ago

TL;DR: Nippon Life India AMC's core business is performing well with 20% operating profit growth and 18% revenue growth, but headline net profit dipped 6% due to a one-time ₹96.76 crore SEBI settlement. The positive is that the Yes Bank AT-1 regulatory overhang is now behind the company. With the settlement cleared and strong underlying fundamentals, the earnings trajectory should normalise in coming quarters.

Headwinds 1
  • ₹96.8 Cr SEBI settlement charge Oct 23

    Nippon Life India AMC paid ₹96.76 crore to settle SEBI proceedings related to Yes Bank AT-1 bonds, dragging net profit down 6% YoY to ₹324.37 crore despite strong operating performance.

Positives 3
  • Operating profit up 20% YoY Oct 23

    Operating profit rose 20% YoY to ₹546.56 crore, indicating strong core business momentum independent of the one-time settlement hit.

  • Total income grows 18% YoY Oct 23

    Total income increased 18% YoY to ₹818.89 crore, reflecting healthy AUM growth and fee income expansion.

  • Interim dividend of ₹9.50/share Oct 23

    The company declared an interim dividend of ₹9.50 per share, signalling confidence in cash flow generation and shareholder return commitment.

Neutral 1
  • Yes Bank AT1 case settled Oct 23

    The SEBI proceedings related to Yes Bank AT-1 bonds have been fully settled with a ₹96.76 crore payment, removing a long-standing regulatory overhang.

Quarterly Results

₹ Cr
NAM-INDIA quarterly results, ₹ crore
Particulars 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 (₹)
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

Profit & Loss

₹ Cr
NAM-INDIA profit and loss, annual, ₹ crore
Particulars 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 (₹)
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%
—

Balance Sheet

₹ Cr
NAM-INDIA balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
NAM-INDIA cash flow, annual, ₹ crore
Particulars 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

Ratios

NAM-INDIA financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Nippon Life India AMC insights

56 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.72%
  • DIIs 15.56%
  • FIIs 7.05%
  • Public 4.49%
  • Others 1.18%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Nippon Life India AMC

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.
Where is Nippon Life India Asset Management Ltd (NAM-INDIA) listed?
Nippon Life India Asset Management Ltd trades as NAM-INDIA on the NSE and under code 540767 on the BSE.
Which sector does Nippon Life India Asset Management Ltd belong to?
Nippon Life India Asset Management Ltd is classified under the Capital Markets sector, in the AMC Mutual Fund industry.
What is the PE ratio of Nippon Life India Asset Management Ltd?
Nippon Life India Asset Management Ltd trades at a PE ratio of 38.98 as of 4 Nov 2026, on earnings per share of ₹25.66, against a book value of ₹74.53 per share.
What is the 52-week high and low of Nippon Life India Asset Management Ltd?
Over the last 52 weeks Nippon Life India Asset Management Ltd has traded between ₹795.8 and ₹1,269.5 as of 4 Nov 2026.
Does Nippon Life India Asset Management Ltd pay dividends?
Nippon Life India Asset Management Ltd has a dividend yield of 0.97%.
What is the Return on Equity (ROE) of Nippon Life India Asset Management Ltd?
Nippon Life India Asset Management Ltd reported a return on equity of 34.50%. Its debt-to-equity ratio is 0.02.

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.

Website mf.nipponindiaim.com
CEO Mr. Sundeep Sikka M.B.A.
Employees 1,104
Listed 6 Nov 2017
Face Value ₹10

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