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Nippon Life India Asset Management Ltd share Price Today

Company details

645.55
664.30
245.10
664.30
6M Return 47.50%
1Y Return 167.29%
Mkt Cap.(Cr) 41,104.28
Volume 689,591
Div Yield 2.55%
OI
-
OI Chg %
-
Volume 689,591

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Incur '0' Brokerage upto ₹500
Steady performance; regulatory uncertainty overhang
About The Stock

    Nippon Life India AMC is among the largest asset managers in India with an AUM size of ₹ 3.63 lakh crore. The company has a strong distribution network with 91000+ distributors.

    • Market share as on Q4FY23 was at 7.2%
    • Strong presence in B-30 cities that contribute to 19% of total AUM
Q4FY23

    Steady quarter with a stable market share.

    • QAAUM was at ₹ 293200 crore, up 3% YoY and flat QoQ. Market share was steady at ~7.2%                             
    • Revenue declined 2% QoQ at ₹ 348 crore; YoY it was up 3% mainly due to steady yields at ~47 bps
    • Lower other income led to 3% QoQ decline in PAT at ₹ 198 crore

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Research view on more stocks

Nippon Life India Asset Management announced Q4F24 & FY24 results:

Financial Highlights:

  • Total Income in Q4FY24 stood at Rs 5.61 billion (USD 67 million) as against Rs 5.30 billion in Q3 FY24
  • Operating Profit in Q4FY24 stood at Rs 2.82 billion (USD 34 million), as against Rs 2.51 billion in Q3 FY24
  • Profit after Tax in Q4FY24 stood at Rs 3.43 billion (USD 41 million) as against Rs 2.84 billion in Q3 FY24
  • Dividend Payout for FY24 at Rs 16.50 per share (including proposed Final Dividend of Rs 11.00), i.e. ~99% of PAT.
  • MF QAAUM market share at 7.97% - up 73/30 basis points yoy/QoQ.
  • Highest QAAUM market share increase among all AMC's.
  • Market share gains across all segments QoQ – equity market share up 58/9 basis points YoY/QoQ to 6.76%.
  • Q4FY24 systematic flows at Rs 70.1 billion - up 118% YoY / 18% QoQ.
  • largest base of investors in the industry with overall unique investors at 16.5 mn – market share of 37%.
  • MF QAAUM at Rs 4,313 billion - up 47% YoY & 14% QoQ.
  • NIMF maintained its industry ranking at 4th position (on qaaum basis).
  • dividend payout for FY24 at Rs 16.50 per share (including proposed final dividend of Rs 11.00 per share), i.e. ~99% of PAT.

Business Highlights:
• As on March 31, 2024, NAM India’s assets under management stood at Rs 5.24 trillion (USD 62.8 billion).
• For the quarter ended March 31, 2024, NIMF’s average assets under management stood at Rs 4.31 trillion (USD 51.7 billion) - an increase of 47% YoY and 14% QoQ.
• For the quarter ended March 31, 2024, share of Equity Assets rose to 49.2% of NIMF’s AUM as against 44.4% as on March 31, 2023.
• NIMF has one of the largest retail assets in the Industry, at Rs 1,335 billion (USD 16.0 billion). Retail assets contributed 30% to NIMF’s AUM vs Industry average of 27%.
• High Networth Individual (HNI) AUM at Rs 1,243 billion – up by Rs 470 billion YoY, 10% QoQ & market share growth of 11 bps QoQ.

 

Result PDF

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OUR RESEARCH VIEW

Investment recommendation
Steady performance; regulatory uncertainty overhang
Call Date
27 Apr 2023
Entry Price 236.00
Target Price 270.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Nippon Life India Asset Management Ltd Stocks COMPARISON

Financials( in Cr) Nippon Life India Asset Management Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 652.45 7,347.95 1,590.90 362.45 175.80
% Change 0.92 0.09 -0.05 1.53 0.57
Mcap Cr 41,104.28 454,835.17 253,826.35 230,274.78 229,744.34
Revenue TTM Cr 1,511.69 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 722.93 11,507.69 12,209.54 31.25 6,337.01
PE TTM 36.84 31.44 31.21 141.13 35.59
1 Year Return 167.29 3.54 7.46 45.62 431.92
ROCE 26.64 11.76 12.69 0.03 5.32
ROE 20.67 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,515.37 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

Nippon Life India Asset Management Ltd Information

Stock PE (TTM)
36.84
Promoter Holding
72.86%
Book Value
63.1034
ROCE
26.64%
ROE
20.67%
Description
  • Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited) (NAM India) is one of the largest asset management companies in India with a total AUM of Rs. 3,62,981 Crore. NAM India is the Asset Manager of Nippon India Mutual Fund (NIMF). The Company is involved in managing mutual funds including Exchange Traded Funds (ETFs); Managed Accounts, including Portfolio Management Services (PMS), Alternative Investment Funds and Pension Funds; and Offshore Funds and Advisory Mandates. The Company is also promoted by Nippon Life Insurance Company, one of the leading private life insurers in Japan, with assets of over US$ 722 billion. NLI has a large global network with presence across US, Europe, Asia, and Australia along with a track record in Life Insurance business as well as global investments across Asset Management companies. Nippon Life India Asset Management Limited was incorporated as a Public Limited Company on February 24, 1995. The Company is the promoter of NAM India and currently holds 73.74% (as on March 31, 2023) of its total issued and paid-up equity share capital. It also manages offshore funds through its subsidiaries in Singapore and Mauritius and has representative office in Dubai thereby catering to investors across Asia, Middle East, UK, US, and Europe. Reliance Nippon Life is promoted by Reliance Capital Limited, an RBI registered non-banking finance company (NBFC) with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group, which has business interests in financial services, telecommunications, power, energy, infrastructure, and defense. The Reliance Group is led by Mr. Anil D. Ambani, one of India`s prominent business leaders. The Company`s co-promoter, Nippon Life Insurance Company (`Nippon Life`) is one of the leading private life insurers in Japan. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. The company started mutual fund operations in 1995 as the asset manager for Reliance Mutual Fund. During the year under review, Reliance Mutual Fund launched two schemes Reliance Growth Fund and Reliance Vision Fund. In 2004, RNAM commenced portfolio management services. During the year under review, the company commenced offshore operations in Mauritius by setting up a wholly owned subsidiary, Reliance Asset Management (Mauritius) Limited. In 2005, the company commenced offshore operations in Singapore by setting up a wholly owned subsidiary, Reliance Asset Management (Singapore) Pte Limited. In 2008, the company executed a contract to provide discretionary portfolio management services to the Employees` Provident Fund Organisation (acting through its Central Board of Trustees). Reliance Capital Pension Fund Limited, one of the Group Companies, received a Certificate of Commencement of Business as a pension fund manager from the Pension Fund Regulatory and Development Authority (PFRDA) in 2009 and manages pension assets under the National Pension System (NPS). In 2012, RNAM received the first tranche of investment from Nippon Life Insurance Company, Japan. In 2014, the company`s subsidiary, Reliance AIF Management Company Limited was appointed as the `manager` to the Reliance Capital AIF Trust. During the year under review, Reliance Mutual Fund launched a Japan focused open-ended diversified equity scheme under the name Reliance Japan Equity Fund. In 2015, RNAM entered into an investor advisory agreement with Samsung Asset Management (Hong Kong) Limited. During the year under review, Reliance Mutual Fund launched equity-oriented Retirement Fund. During the year under review, Quarterly Average Assets under Management (QAAUM) of Reliance Mutual Fund crossed Rs 1.5 lakh crore. In 2016, the company acquired the asset management rights of 12 schemes being managed by Goldman Sachs Asset Management (India) Private Limited. During the year under review, the company executed a contract to provide discretionary portfolio management services to the Coal Mines Provident Fund Organization (acting through its Board of Trustees). During the year under review, the company`s subsidiary Reliance AIF Management Company Limited was appointed as the `manager` to the Reliance Event Opportunities Trust. In 2017, Quarterly Average Assets under Management (QAAUM) of Reliance Mutual Fund crossed Rs 2 lakh crore. RNAM came out with an initial public offer (IPO) during the period from 25 October 2017 to 27 October 2017. The IPO was a combination of fresh issue of 2.45 crore equity shares by the company and offer for sale of a total of 3.67 crore shares by promoter selling shareholders. The stock debuted at Rs 294 on BSE on 6 November 2017, a premium of 16.66% compared to the IPO price of Rs 252 per share. As of March 31, 2018, the Company had 3 subsidiaries. 2 of such subsidiaries are overseas, being 1 each in Singapore and Mauritius and 1 subsidiary being in India. On 11 October 2018, Reliance Nippon Life Asset Management Limited (RNAM) announced that it has received mandate from the Employees` State Insurance Corporation (ESIC) to manage its funds. RNAM already manages mandates from Employees` Provident Fund Organization (EPFO), The Coal Mines Provident Fund Organization (CMPFO) and The Pension Fund Regulatory and Development Authority (PFRDA), thus becoming the only asset manager to manage all the four prestigious mandates. On 20 November 2018, Reliance Mutual Fund (RMF) announced Further Fund Offer 3 (FFO3) of its Central Public Sector Enterprises - Exchange Traded Fund (CPSE ETF). This FFO3 is part of the Government of India`s overall disinvestments program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. On July 13, 2017, Nippon Life Insurance Company (NLI), an existing equity shareholder holding 44.57% stake in the Company acquired an additional 4.43% stake by way of purchase of equity shares from Reliance Capital Limited (RCL). Post this acquisition, the equity stake of NLI in the Company was increased to 49%, and subsequently NLI was also classified as one of the Promoters of the Company along with RCL. During the year 2017-18, the Company had allotted 57,60,00,000 number of fully paid up equity shares of face value of Rs.10/- each in August 2017 to the Members of the Company in proportion of 1:50. During the year 2017-18, the Company came out with its initial public offering (IPO) and diluted the 10% post issue capital in favor of the public. Both the promoters of the Company (i.e. RCL and NLI) also participated in the IPO by way of an offer for sale component and diluted part of their holdings in favor of the public. The total IPO size was Rs.1542.24 Crores out of which the Company raised Rs.616.89 Crores as primary subscription and the remaining proceeds of Rs.925.37 Crores were towards offer for sale. During the year 2017-18, the Company has redeemed all the outstanding 30,00,000 number of preference shares, which were issued by the Company in the previous years. During the year 2017-18, Reliance Capital Pension Fund Limited ceased to be a subsidiary of the Company and became Company`s associate company. In FY 2018-19, the Company launched UCITS India Fixed Income Fund, domiciled out of Dublin. As of March 2019, the Company had a total AUM of approx. Rs. 3,087 crore as part of its international offshore Managed portfolio. It further had a total AUM of approximately Rs. 5,542 crore of international Advisory mandates. During the year 2018-19, it launched the first equity scheme under category III AIF. It launched / incubated the first Commodity Fund which is the first Category III open ended fund offered by the company. It also launched the first offshore real estate fund, a category II AIF which is currently open for subscription. In FY 2019-20, Company launched the first Indian Exchange Traded Fund (ETF) product in Australia, in June 2019. It launched Nippon India Digital Innovation AIF Scheme 1 in December 2019 (approx. US$ 120 million). It launched Real Estate Fund in Japan for institutional investors in December 2019 (approx. US$ 10 million). As of March 31, 2020, the Company had a total AUM of Rs. 4,810 crore as part of its international offshore managed portfolio. It also had a total AUM of Rs. 4,105 crore as international advisory mandates. NAM India, in collaboration with BBL Asset Management Company Ltd., an affiliated company of Bangkok Bank (BBL), the largest Thai Commercial Bank, launched Bualuang Bharata Fund in Thailand for institutional investors and high net worth investors. As of March 31, 2021, the Company had a total AUM of Rs. 6,953 crore as part of its international offshore managed portfolio. It had a total AUM of Rs. 3,347 crore as international advisory mandates. In FY 2020-21, it launched the first-of-its-kind ETF, Nippon India ETF Nifty CPSE Bond Plus SDL - 2024 Maturity. It further launched Multi Asset Fund. It acquired 350 new institutional investors and over 9 lakh unique investors. As of March 31, 2022, Company had 3 subsidiaries. 2 of such subsidiaries are overseas, being 1 each in Singapore and Mauritius and 1 subsidiary is in India. In FY 22, the Nippon India Flexi Cap Fund was one of the biggest success stories for Digital enabling lucid access for investors & partners across all its Digital assets. Apart from that, the Company digitally enabled other prominent products for FY21-22 including Nippon India Taiwan Equity Fund and Nippon India Silver ETF F-o-F. Apart from that, on the ETF front, it enabled Nippon India Nifty Pharma ETF, Nippon India Nifty Auto ETF & Nippon India Silver ETF. It had a very innovative Index offering made live viz. Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund." As on March 31, 2022, the Company`s total AUM is Rs. 55,001 crore, as part of the managed accounts business. It had a total AUM of Rs. 8,762 crore as part of international offshore managed portfolio. It had a total AUM of Rs. 2,685 crore as international advisory mandates. As on March 31, 2023, the Company`s total AUM is Rs. 61,600 Crores, as part of the managed accounts business. It had a total AUM of Rs. 8,855 Crores as part of international offshore managed portfolio. It had a total AUM of Rs. 2,012 Crores as international advisory mandates. In 2022-23, NAM India launched new schemes comprising of Nippon India Nifty Alpha Low Volatility 30 Index Fund, Nippon India Fixed Horizon Fund - XLIV - Series 1; Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund; Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund; Nippon India Fixed Horizon Fund XLIV - Series 4; Nippon India Fixed Horizon Fund - XLIV - Series 2; Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund; Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund; Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund; Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund; Nippon India Fixed Horizon Fund XLV - Series 4 and Nippon India Fixed Horizon Fund XLV - Series 5.

Registered Address

4th Flr Tower A Peninsula Busi, Ganapatrao Kadam Marg L P (W), Mumbai, Maharashtra, 400013

Tel : 91-22-68087000
Email : nilufer.Shekhawat:relianceada.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540767
NSE Code : NAM-INDIA
Book Closure Date (Month) :
BSE Group : A
ISIN : INE298J01013

FAQ’s on Nippon Life India Asset Management Ltd Shares

You can buy Nippon Life India Asset Management Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nippon Life India Asset Management Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 01:29 PM the closing price of Nippon Life India Asset Management Ltd was Rs.652.45.

The latest PE ratio of Nippon Life India Asset Management Ltd as of Jun 18, 2024 01:29 PM is 36.84

The latest PB ratio of Nippon Life India Asset Management Ltd as of Jun 18, 2024 01:29 PM is 0.10

The 52-week high of Nippon Life India Asset Management Ltd share price is Rs. 664.30 while the 52-week low is Rs. 245.10

According to analyst recommendations, Nippon Life India Asset Management Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 01:29 PM, the market cap of Nippon Life India Asset Management Ltd stood at Rs. 41,104.28.

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