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Last Updated: April 2, 2026, 3:24 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540767 | NSE: NAM-INDIA

Nippon Life India Asset Management Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹673.93Overvalued by 22.09%vs CMP ₹865.00

P/E (38.2) × ROE (31.4%) × BV (₹68.80) × DY (2.08%)

₹336.66Overvalued by 61.08%vs CMP ₹865.00
MoS: -156.9% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹765.9422%Over (-11.5%)
Graham NumberEarnings₹187.3716%Over (-78.3%)
Earnings PowerEarnings₹138.7513%Over (-84%)
DCFCash Flow₹433.0913%Over (-49.9%)
Net Asset ValueAssets₹68.697%Over (-92.1%)
EV/EBITDAEnterprise₹329.589%Over (-61.9%)
Earnings YieldEarnings₹226.807%Over (-73.8%)
ROCE CapitalReturns₹160.239%Over (-81.5%)
Revenue MultipleRevenue₹59.185%Over (-93.2%)
Consensus (9 models)₹336.66100%Overvalued
Key Drivers: Wide model spread (₹59–₹766) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.7%

*Investments are subject to market risks

Investment Snapshot

73
Nippon Life India Asset Management Ltd scores 73/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 40.7% ExcellentROE 31.4% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.02% MF buyingPromoter holding at 72.1% Stable
Earnings Quality75/100 · Strong
OPM expanding (65% → 69%) ImprovingWorking capital: -9 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +19% YoY GrowingProfit (4Q): +9% YoY Positive
Industry Rank50/100 · Moderate
P/E 38.2 vs industry 29.5 In-lineROCE 40.7% vs industry 35.1% Average3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:24 am

Market Cap 55,207 Cr.
Current Price 865
Intrinsic Value₹336.66
High / Low 1,009/456
Stock P/E38.2
Book Value 68.8
Dividend Yield2.08 %
ROCE40.7 %
ROE31.4 %
Face Value 10.0
PEG Ratio2.80

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nippon Life India Asset Management Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nippon Life India Asset Management Ltd 55,207 Cr. 865 1,009/45638.2 68.82.08 %40.7 %31.4 % 10.0
Aditya Birla Sun Life AMC Ltd 26,033 Cr. 901 1,047/55625.6 1232.66 %35.5 %27.0 % 5.00
UTI Asset Management Company Ltd 12,216 Cr. 950 1,495/89619.4 3412.74 %21.0 %16.3 % 10.0
HDFC Asset Management Company Ltd 1,00,267 Cr. 2,340 2,967/1,76334.9 1811.92 %43.3 %32.4 % 5.00
Industry Average48,430.75 Cr1,264.0029.53178.452.35%35.13%26.78%7.50

All Competitor Stocks of Nippon Life India Asset Management Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 354348354397423468505571588567607658705
Expenses 141140152156164178189197202201218229235
Operating Profit 213209202241259291316374386365388430470
OPM % 60%60%57%61%61%62%63%66%66%64%64%65%67%
Other Income 6240117781079213112115231463775
Interest 1112222222222
Depreciation 88877777898911
Profit before tax 266239310310358374439486392378524456533
Tax % 23%17%24%21%21%8%24%26%25%21%24%24%24%
Net Profit 205198236244284343332360295299396345404
EPS in Rs 3.293.183.783.914.535.445.265.694.664.706.235.416.34

Last Updated: February 4, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7749511,3111,4351,7351,6471,1921,4191,5331,5122,0362,5182,537
Expenses 4344847878371,082940594505516555649789884
Operating Profit 3404685245986537075989141,0179571,3861,7291,653
OPM % 44%49%40%42%38%43%50%64%66%63%68%69%65%
Other Income 4331143112523281
Interest 0000206444677
Depreciation 14741891033332730293137
Profit before tax 3304645225816567005608779899281,3521,6941,890
Tax % 18%24%24%31%30%30%26%23%25%22%18%24%
Net Profit 2713543964024574874156807447231,1071,2861,443
EPS in Rs 234.92307.69344.12348.927.457.946.7811.0411.9611.6117.5820.2722.68
Dividend Payout % 123%40%36%0%81%76%74%72%92%99%94%89%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)30.63%11.86%1.52%13.68%6.56%-14.78%63.86%9.41%-2.82%53.11%16.17%
Change in YoY Net Profit Growth (%)0.00%-18.76%-10.35%12.17%-7.12%-21.35%78.64%-54.44%-12.23%55.93%-36.94%

Nippon Life India Asset Management Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:16%
3 Years:18%
TTM:30%
Compounded Profit Growth
10 Years:14%
5 Years:25%
3 Years:20%
TTM:12%
Stock Price CAGR
10 Years:%
5 Years:24%
3 Years:40%
1 Year:15%
Return on Equity
10 Years:24%
5 Years:26%
3 Years:27%
Last Year:31%

Last Updated: September 5, 2025, 11:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111212612612612616622623630635637
Reserves 1,5431,4951,7501,8311,7531,9581,9812,4842,8572,8923,3523,5783,747
Borrowings 0303030000000798885
Other Liabilities 155166139179357206288291318345314369423
Total Liabilities 1,7091,7021,9312,0512,7222,7762,8813,3923,7973,8614,3754,6704,892
Fixed Assets 14712251258256324301296305331868864
CWIP 00003121022431
Investments 7418359119479931,2901,8852,5502,9423,0233,5133,3243,449
Other Assets 9548601,0088541,4691,229671540559530530475548
Total Assets 1,7091,7021,9312,0512,7222,7762,8813,3923,7973,8614,3754,6704,892

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -422185563763866054565805877771,200
Cash from Investing Activity + 441-25-316-260-3537-402-12598-104-82
Cash from Financing Activity + -404-174-300-92-359-468-239-426-712-671-1,116
Net Cash Flow -519-6124-7174-18529-2732
Free Cash Flow -44209299361378601436573574767659
CFO/OP 12%69%120%87%85%126%69%78%79%74%91%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow340.00438.00494.00568.00653.00707.00598.00914.001.00957.00-78.00-87.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 571711823181218232310
Inventory Days
Days Payable
Cash Conversion Cycle 571711823181218232310
Working Capital Days 284127115124-3625-25-19-5-46-9
ROCE %22%30%31%32%31%28%22%31%30%27%36%41%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.66%73.64%73.47%73.10%72.86%72.66%72.49%72.43%72.32%72.25%72.10%72.05%
FIIs 4.95%4.84%5.06%5.54%5.49%6.56%7.73%8.28%8.34%7.59%7.65%7.90%
DIIs 9.41%10.24%14.57%14.18%14.40%14.34%13.47%13.02%12.81%13.45%12.95%13.83%
Public 11.97%11.28%6.92%7.18%7.26%6.43%6.31%6.26%6.53%6.69%7.30%6.21%
No. of Shareholders 1,88,7221,89,0771,71,9681,80,8541,86,1661,79,7491,90,9442,02,3222,14,8352,10,1732,19,4352,19,415

Shareholding Pattern Chart

No. of Shareholders

Nippon Life India Asset Management Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 9,935,242 0.95 872.41N/AN/AN/A
Kotak Midcap Fund 9,508,478 1.41 834.946,821,9022026-02-23 00:03:3139.38%
DSP Mid Cap Fund 4,541,962 2.09 398.83N/AN/AN/A
HSBC Small Cap Fund 2,445,050 1.43 214.72,852,7512026-02-23 00:03:31-14.29%
HSBC Midcap Fund 2,145,058 1.55 188.362,291,7372026-02-23 00:03:31-6.4%
ICICI Prudential MidCap Fund 1,644,894 2.07 144.44N/AN/AN/A
ICICI Prudential Multicap Fund 1,347,908 0.75 118.361,228,4972025-12-08 03:12:109.72%
PGIM India Midcap Fund 1,269,705 1.04 111.49N/AN/AN/A
UTI Mid Cap Fund 1,250,000 0.96 109.761,115,0002026-02-23 00:03:3112.11%
Quant Mid Cap Fund 1,105,742 1.33 97.1N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 20.3417.7111.6112.0011.04
Diluted EPS (Rs.) 20.0317.5311.5311.8010.90
Cash EPS (Rs.) 20.7418.0212.0812.3911.56
Book Value[Excl.RevalReserv]/Share (Rs.) 66.3863.0656.4155.9150.29
Book Value[Incl.RevalReserv]/Share (Rs.) 66.3863.0656.4155.9150.29
Revenue From Operations / Share (Rs.) 35.1526.0821.6621.0117.23
PBDIT / Share (Rs.) 27.2822.0315.4316.3914.84
PBIT / Share (Rs.) 26.8021.5714.9515.9614.30
PBT / Share (Rs.) 26.6921.4714.8915.8914.23
Net Profit / Share (Rs.) 20.2617.5611.6011.9511.02
NP After MI And SOA / Share (Rs.) 20.2717.5811.6111.9611.04
PBDIT Margin (%) 77.6284.4571.2378.0486.12
PBIT Margin (%) 76.2582.6869.0275.9582.98
PBT Margin (%) 75.9582.3068.7375.6682.57
Net Profit Margin (%) 57.6367.3253.5556.8963.96
NP After MI And SOA Margin (%) 57.6667.3853.5856.9564.05
Return on Networth / Equity (%) 30.5327.8720.5721.3921.94
Return on Capital Employeed (%) 38.6032.7525.3727.4327.46
Return On Assets (%) 27.5425.3018.7319.6020.05
Asset Turnover Ratio (%) 0.490.390.350.340.31
Current Ratio (X) 14.0217.3218.0118.9316.32
Quick Ratio (X) 14.0217.3218.0118.9316.32
Dividend Payout Ratio (NP) (%) 93.4073.2599.0070.7227.03
Dividend Payout Ratio (CP) (%) 91.2371.3795.0868.2225.77
Earning Retention Ratio (%) 6.6026.751.0029.2872.97
Cash Earning Retention Ratio (%) 8.7728.634.9231.7874.23
Interest Coverage Ratio (X) 256.92222.41242.19266.94206.48
Interest Coverage Ratio (Post Tax) (X) 191.76178.28183.10195.60154.36
Enterprise Value (Cr.) 36404.3329358.3512807.8121326.5320483.26
EV / Net Operating Revenue (X) 16.3217.879.4916.3219.28
EV / EBITDA (X) 21.0221.1513.3220.9122.39
MarketCap / Net Operating Revenue (X) 16.4518.039.6916.5819.62
Retention Ratios (%) 6.5926.740.9929.2772.96
Price / BV (X) 8.717.463.726.236.72
Price / Net Operating Revenue (X) 16.4518.039.6916.5819.63
EarningsYield 0.030.030.050.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nippon Life India Asset Management Ltd. is a Public Limited Listed company incorporated on 24/02/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65910MH1995PLC220793 and registration number is 220793. Currently Company is involved in the business activities of Management of mutual funds. Company's Total Operating Revenue is Rs. 2065.20 Cr. and Equity Capital is Rs. 634.70 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Mutual Funds4th Floor, Tower A, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Upendra Kumar SinhaChairman & Ind.Director
Mr. Sundeep SikkaExecutive Director & CEO
Mr. Ashvin ParekhIndependent Director
Maj.Gen.(Retd.) Ved Prakash MalikIndependent Director
Mr. B SriramIndependent Director
Mrs. Sonu BhasinIndependent Director
Mr. Minoru KimuraNon Exe. & Nominee Director
Mr. Kosuke KuroishiNon Exe. & Nominee Director
Mr. Hiroki YamauchiNon Exe. & Nominee Director

FAQ

What is the intrinsic value of Nippon Life India Asset Management Ltd and is it undervalued?

As of 15 April 2026, Nippon Life India Asset Management Ltd's intrinsic value is ₹336.66, which is 61.08% lower than the current market price of ₹865.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (31.4 %), book value (₹68.8), dividend yield (2.08 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nippon Life India Asset Management Ltd?

Nippon Life India Asset Management Ltd is trading at ₹865.00 as of 15 April 2026, with a FY2026-2027 high of ₹1,009 and low of ₹456. The stock is currently in the middle of its 52-week range. Market cap stands at ₹55,207 Cr..

How does Nippon Life India Asset Management Ltd's P/E ratio compare to its industry?

Nippon Life India Asset Management Ltd has a P/E ratio of 38.2, which is above the industry average of 29.53. The premium over industry average may reflect growth expectations or speculative interest.

Is Nippon Life India Asset Management Ltd financially healthy?

Key indicators for Nippon Life India Asset Management Ltd: ROCE of 40.7 % indicates efficient capital utilization; ROE of 31.4 % shows strong shareholder returns. Dividend yield is 2.08 %.

Is Nippon Life India Asset Management Ltd profitable and how is the profit trend?

Nippon Life India Asset Management Ltd reported a net profit of ₹1,286 Cr in Mar 2025 on revenue of ₹2,518 Cr. Compared to ₹744 Cr in Mar 2022, the net profit shows an improving trend.

Does Nippon Life India Asset Management Ltd pay dividends?

Nippon Life India Asset Management Ltd has a dividend yield of 2.08 % at the current price of ₹865.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nippon Life India Asset Management Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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