NAM-INDIAFinancial Services

Nippon Life India Asset Management Limited

Asset Management Company · ISIN INE298J01013 · BSE 540767 · NSE EQ · FV ₹10
Last price
₹1,119
-0.44%today
What this company does

Nippon Life India Asset Management Limited operates in Asset Management Company, part of the Financial Services sector. It booked ₹767 cr of revenue in its latest quarter (Q1 FY27) and kept 65.7% 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:
74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 106–250 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)
37

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Cash quality84

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation11

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 66% net margin
Sales up 26% vs last year
Profit up 27% vs last year
Promoters hold 72%
No promoter shares pledged
Strong 43% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

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
₹1,119 -0.44%
latest close · 2026-09-17
1-year return
+174.4%
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 ratio35.5High
LowAverageHigh
P/B ratio15.35High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity43.2%Strong
WeakFairStrong ▸15%
Net margin65.7%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
₹71,538 cr
Book value
₹73
EPS
₹7.89
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
38.8%
Earnings yield
2.82%
P/S
23.32
Sales / share
₹48.0
Tax rate
24.3%
Face value
₹10
Shares
63.9 cr
Working capital
Current assets
Current liabilities
Delivery %
56.8%
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 2026-09-17.

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 ₹275₹321, midpoint ₹298

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 · Q1 FY27 (consolidated)
Revenue from Operations₹767 cr
Other Income₹170 cr
Total Income₹937 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₹100 cr
Total Expenses₹273 cr
Profit before Tax₹664 cr
Tax Expense₹161 cr
Share of JV / Associates₹61 L
Net Profit₹504 cr
Net margin on total income53.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹139 cr14.8%
Finance costs₹2 cr0.2%
Depreciation & amortisation₹12 cr1.3%
Other expenses₹120 cr12.8%
Tax expense₹161 cr17.2%
Profit for the period₹504 cr53.7%
Total income ₹937 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue705 cr739 cr767 cr
Total income781 cr705 cr937 cr
Expenses248 cr245 cr273 cr
Profit before tax533 cr460 cr664 cr
Tax129 cr75 cr161 cr
Net profit (owners' share)404 cr385 cr504 cr
Net margin (owners' share, on revenue)57.3%52.1%65.7%
EPS (₹)6.346.047.89
YoY (latest quarter): total income +24.5% · net profit +27.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹5,192 cr
Shareholder equity
₹4,659 cr
parent shareholders
Total debt
₹0 cr
Cash
₹17 cr
Cash flow · H1 FY26
Operating
₹584 cr
Investing
₹-1 cr
Financing
₹-597 cr
Peer comparison
Asset Management Company · by market value
CompanyPriceMarket capP/E
ICICI Prudential Asset Management Company Limited₹3,098₹1.53 L cr39.7
SBI Funds Management Limited₹541₹1.10 L cr31.3
HDFC Asset Management Company Limited₹2,388₹1.02 L cr30.6
Nippon Life India Asset Management Limitedthis company₹1,119₹71,538 cr35.5
Aditya Birla Sun Life AMC Limited₹1,090₹31,526 cr25.4
UTI Asset Management Company Limited₹898₹11,545 cr9.8
Canara Robeco Asset Management Company Limited₹234₹4,673 cr15.5
Gaja Alternative Asset Management Limited₹145₹415 cr3.8
IL&FS Investment Managers Limited₹8₹247 cr32.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.92%
trailing 12 months
Dividend / share (TTM)
₹21.5
Last dividend
₹12.5
ex 25 Jun 2026
ActionDetailEx-date
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
Dividend₹5.5 / share9 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
7.0%
DII / Domestic
15.5%
Retail / others
5.7%
Promoter stake down 1.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVivek Sharma · Designated Person15,000 · ₹33.5 L15 Sep 26
BoughtSushil Hari Prasad Budhia · Designated Person3,000 · ₹6.7 L15 Sep 26
BoughtShashank Shekhar · Designated Person3,000 · ₹6.7 L15 Sep 26
Bulk / block deals
short · NSE110 Sep 26
short · NSE4026 Aug 26
short · NSE62525 Aug 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 — 130 named members
owning 71.8% between them · as of 2026-06-30
NIPPON LIFE INSURANCE COMPANY71.80%
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 Jun 2026, the company says it has spent 68% of what it set aside, leaving ₹188 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
39%
₹15 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 Subsidiary (Nippon Life India AIF Mgt Ltd) for investment of continuing interest in the new AIF schemes managed by Nippon AIF
100%
₹125 cr of ₹125 cr
Investing towards our continuing interest in new mutual fund schemes managed by them
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% (to Jun 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.