NAM-INDIAFinancial Services

Nippon Life India Asset Management Limited

Asset Management Company · ISIN INE298J01013 · BSE 540767 · NSE EQ · FV ₹10
Last price
₹1,000
+1.66%today
What this company does

Nippon Life India Asset Management Limited operates in Asset Management Company, part of the Financial Services sector. It booked ₹796 cr of revenue in its latest quarter (Q2 FY27) and kept 40.8% of sales as profit. It is the 4th largest of 9 Asset Management Company companies we track, by market value.

“Through the pages of the report, various aspects of the tree showcase how every strand, every Quick facts: branch, every root, plays a role in creating a strong foundation. Growing with purpose, with a focus on long-term value creation for investors across generations - bound by trust, vision, and 5.42 Crore resilience.”
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 105–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns87

How much profit it earns on the money it employs

Cash quality84

Whether reported profit actually arrives as cash

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 41% net margin
✓ Sales up 21% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Strong 27% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Profit down 6% vs last year

What if I invest in NAM-INDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,000▲ +1.66%
latest close · 2026-11-04
1-year return
+122.5%
52-wk low ₹25952-wk high ₹1,270
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio49.3High
LowAverageHigh
P/B ratio13.42High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.2%Strong
WeakFairStrong ▸15%
Net margin40.8%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹64,026 cr
Book value
₹75
EPS
₹5.07
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
24.0%
Earnings yield
2.03%
P/S
20.12
Sales / share
₹49.7
Tax rate
27.9%
Face value
₹10
Shares
64.0 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
46.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹281–₹342, midpoint ₹312

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹796 cr
Other Income₹23 cr
Total Income₹819 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹139 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹97 cr
Total Expenses₹272 cr
Exceptional Items₹-97 cr
Profit before Tax₹450 cr
Tax Expense₹126 cr
Share of JV / Associates₹23 L
Net Profit₹324 cr
Net margin on total income39.6%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹139 cr19.2%
Finance costs₹2 cr0.2%
Depreciation & amortisation₹12 cr1.7%
Other expenses₹119 cr16.5%
Tax expense₹126 cr17.4%
Profit for the period₹324 cr44.9%
Total income ₹819 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue739 cr767 cr796 cr
Total income705 cr937 cr819 cr
Expenses245 cr273 cr272 cr
Profit before tax460 cr664 cr450 cr
Tax75 cr161 cr126 cr
Net profit (owners' share)385 cr504 cr324 cr
Net margin (owners' share, on revenue)52.1%65.7%40.8%
EPS (₹)6.047.895.07
YoY (latest quarter): total income +17.9% · net profit -5.9%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹5,405 cr
Shareholder equity
₹4,770 cr
parent shareholders
Total debt
₹0 cr
Cash
₹9 cr
Cash flow · H1 FY27
Operating
₹638 cr
Investing
₹107 cr
Financing
₹-752 cr
Peer comparison
Asset Management Company · by market value
CompanyPriceMarket capP/E
ICICI Prudential Asset Management Company Limited₹2,872₹1.42 L cr39.9
HDFC Asset Management Company Limited₹2,440₹1.05 L cr34.9
SBI Funds Management Limited₹482₹98,246 cr35.1
Nippon Life India Asset Management Limitedthis company₹984₹62,980 cr48.5
Aditya Birla Sun Life AMC Limited₹812₹23,489 cr26.6
UTI Asset Management Company Limited₹802₹10,303 cr19.5
Canara Robeco Asset Management Company Limited₹217₹4,335 cr18.3
Gaja Alternative Asset Management Limited₹128₹365 cr3.4
IL&FS Investment Managers Limited₹8₹250 cr33.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.10%
trailing 12 months
Dividend / share (TTM)
₹31
Last dividend
₹9.5
ex 28 Oct 2026
ActionDetailEx-date
Dividend₹9.5 / share28 Oct 2026
Dividend₹12.5 / share25 Jun 2026
Dividend₹9 / share6 Nov 2025
Dividend₹10 / share4 Jul 2025
Dividend₹8 / share6 Nov 2024
Dividend₹11 / share28 Jun 2024
Who owns it · 2026-09-30
No pledge
Promoter
71.7%
FII / Foreign
7.0%
DII / Domestic
15.6%
Retail / others
5.7%
Promoter stake down 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVikas Agarwal · Designated Person826 · ₹4.8 L21 Sep 26
BoughtVani Doshi · Designated Person6,494 · ₹15.3 L21 Sep 26
BoughtSonal Bhushan · Designated Person1,000 · ₹3.7 L21 Sep 26
Bulk / block deals
short— · NSE402 Nov 26
short— · NSE4,38623 Oct 26
short— · NSE20022 Oct 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.01% · 2.02 L30 Sep 21
Promoter pledges
InvokedLender IndusInd Bank Ltd2.05 cr · 3.35% held18 Nov 19
ReleasedLender-IDBI Trusteehip Services ltd for invesco Asset management India Pvt Ltd, L&T Mutua Fund UTI Mutual FUnd, Powerica Limited and PGIM INdia Mutual fund (Formerly) DHFL Pramerica Mutual Fund)35.28 L · 3.93% held16 Oct 19
ReleasedLender - Axis Trustee Services Limited for Pearl Housing Finance India Ltd Shriyam Auto Fin Limited L&T Mutual Fund (formerly DHFL Pramerica Mutual Fund7.11 L · 4.04% held11 Oct 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Mar 2026
See the official result
1
Re-appointment of Mr. Balasubramanyam Sriram as an Independent Director of the Company
Backed by 98% of shareholders other than promotersneeded 75%
13.02 cr votes for, 29.60 L against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 131 named members
owning 71.7% between them · as of 2026-09-30
NIPPON LIFE INSURANCE COMPANY71.72%
Aroma Square Co., Ltd.no shares
Asteron Life Limitedno shares
Bangkok Life Assurance Public Company Limitedno shares
CADA Co., Ltdno shares
Collins Place No. 2 Pty Ltd.no shares
Collins Place Pty Ltd.no shares
Corporate Pension Business Service Co., Ltd.no shares
Business done with them
FY2026 · 3 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.1% of its ₹2,709 cr revenue and received ₹7 cr back from them.
Nissay Asset Management Corporation
Provided services to them · As stated below
₹7 cr
company received
Nissay Asset Management Corporation
Paid them for services · As stated below
₹1 cr
company paid
NIPPON LIFE INDIA PRIVATE LIMITED
Contribution made to them · As stated below
₹35 L
company paid
NIPPON LIFE INDIA PRIVATE LIMITED
Leases As Lessee · As stated below
₹26 L
company received
NIPPON LIFE INDIA TRUSTEE LIMITED
Leases As Lessee · As stated below
₹6 L
company received
NIPPON LIFE INDIA TRUSTEE LIMITED
Contribution made to them · As stated below
₹5 L
company paid

The company also transacted with 8 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹589 cr raised in Nov 2017 by selling shares to the public

As of Sep 2026, the company says it has spent 68% of what it set aside, leaving ₹187 cr still to be spent. HDFC BANK LIMITED watches the spending on the exchange’s behalf.

Setting up new branches and relocating certain existing branches
41%
₹16 cr of ₹38 cr
Upgrading the IT system
100%
₹41 cr of ₹41 cr
Advertising, marketing and brand building activities
100%
₹72 cr of ₹72 cr
Lending to our Subsidiary (Nippon Life India AIF Management Company Limited) for investment of continuing interest in the new AIF schemes managed by Nippon Life India AIF Management Company Limited
100%
₹125 cr of ₹125 cr
Investing towards our continuing interest in new mutual fund schemes managed by the Company
100%
₹100 cr of ₹100 cr
Funding inorganic growth and strategic initiatives
0%
₹0 cr of ₹165 cr
Spent by quarter: 67% → 68% → 68% → 68% → 68% → 68% → 68% (to Sep 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.