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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of UTI Asset Management Company Ltd

About the Company - UTI Asset Management Company Ltd

UTI Asset Management Company Ltd. is a Public Limited Listed company incorporated on 14/11/2002 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65991MH2002PLC137867 and registration number is 137867. Currently Company is involved in the business activities of Fund management activities. Company’s Total Operating Revenue is Rs. 1059.63 Cr. and Equity Capital is Rs. 126.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Mutual FundsUTI Tower, G N Block, Mumbai Maharashtra 400051cs@uti.co.in
https://www.utimf.com
Management
NamePosition Held
Mr. Dinesh Kumar MehrotraNon Executive Chairman
Mr. Imtaiyazur RahmanManaging Director & CEO
Mr. Edward Cage BernardNon Exe. & Nominee Director
Mr. Kiran Kumar TaraniaNon Exe. & Nominee Director
Mr. Deepak Kumar ChatterjeeInd. Non-Executive Director
Ms. Dipali Hemant ShethInd. Non-Executive Director
Mr. Narasimhan SeshadriInd. Non-Executive Director
Mr. Flemming MadsenNon Exe.Non Ind.Director
Mrs. Jayashree VaidhyanathanInd. Non-Executive Director
Mr. Rajeev KakarInd. Non-Executive Director

UTI Asset Management Company Ltd. Share Price Update

Share PriceValue
Today₹911.40
Previous Day₹898.55

Basic Stock Data of UTI Asset Management Company Ltd

Market Cap 11,768 Cr.
Current Price 925
High / Low965/608
Stock P/E17.1
Book Value 312
Dividend Yield2.41 %
ROCE15.9 %
ROE11.7 %
Face Value 10.0

Data Source: screener.in

Competitors of UTI Asset Management Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nippon Life India Asset Management Ltd 33,282 Cr. 529542/19734.6 56.82.16 %26.6 %20.7 % 10.0
Aditya Birla Sun Life AMC Ltd 15,095 Cr. 524527/30721.4 95.11.96 %33.1 %25.3 % 5.00
Industry Average24,188.50 Cr526.5028.0075.952.06%29.85%23.00%7.50

UTI Asset Management Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales342289344380309301293435295301468404449
Expenses151126145147149196191165178179168173176
Operating Profit191163199234160105103270117122300232273
OPM %56%56%58%61%52%35%35%62%40%41%64%57%61%
Other Income1023-04134-28121
Interest2222322222333
Depreciation109999910101010101010
Profit before tax18015219022514897104262103117288220261
Tax %22%12%18%12%14%45%12%23%41%27%19%17%22%
Net Profit14013415519912754922026086234183203
EPS in Rs11.0610.5612.2315.679.974.257.2115.734.766.7518.4614.3914.59

UTI Asset Management Company Ltd Quarterly Chart

UTI Asset Management Company Ltd Profit & Loss

MonthMar 2007Mar 2008Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4084424975029341,1341,0518541,1691,3191,2671,622
Expenses172219292298499577552506526621655695
Operating Profit236223206204435558498349643698612926
OPM %58%50%41%41%47%49%47%41%55%53%48%57%
Other Income242113223036482311
Interest00000089891011
Depreciation469101314293436374041
Profit before tax234221199195435566491341603660586886
Tax %33%32%30%25%26%29%29%19%18%19%25%
Net Profit156151139147321402348275494535440706
EPS in Rs31.1912.1211.1211.7325.2931.6827.8321.4138.9742.0934.4454.19
Dividend Payout %26%26%25%23%16%16%18%33%44%50%64%

UTI Asset Management Company Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2007-20082011-20122017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-3.21%5.76%25.23%-13.43%-20.98%79.64%8.30%-17.76%
Change in YoY Net Profit Growth (%)0.00%8.96%19.48%-38.67%-7.54%100.61%-71.34%-26.06%

UTI Asset Management Company Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:2%
3 Years:14%
TTM:22%
Compounded Profit Growth
10 Years:%
5 Years:2%
3 Years:17%
TTM:70%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:16%
1 Year:41%
Return on Equity
10 Years:%
5 Years:14%
3 Years:14%
Last Year:12%

UTI Asset Management Company Ltd Balance Sheet

MonthMar 2007Mar 2008Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital50125125125127127127127127127127127
Reserves4174457438551,7892,1612,4782,6463,1253,4933,7413,848
Borrowings000000000000
Other Liabilities185209218202205262409393398363307784
Total Liabilities6517791,0861,1822,1212,5503,0133,1653,6503,9834,1754,759
Fixed Assets108164208201278273351373360357368392
CWIP200035115895
Investments3153916467201,5431,9322,2612,3562,7472,9943,2483,890
Other Assets227223232260297339400436539623550472
Total Assets6517791,0861,1822,1212,5503,0133,1653,6503,9834,1754,759

UTI Asset Management Company Ltd Reserves and Borrowings Chart

UTI Asset Management Company Ltd Cash Flow

MonthMar 2007Mar 2008Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 72324316123181153337395
Cash from Investing Activity -22-242-233-26-102-57-60-93
Cash from Financing Activity -35-65-44-123-84-104-215-267
Net Cash Flow161639-26-5-86236

UTI Asset Management Company Ltd Financial Efficiency Indicators

MonthMar 2007Mar 2008Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days207518391019142227
Inventory Days
Days Payable
Cash Conversion Cycle207518391019142227
Working Capital Days-14-26-62-44-28-40-31-24-47-31-32
ROCE %42%21%27%20%13%20%19%16%

UTI Asset Management Company Ltd Financial Efficiency Indicators Chart

UTI Asset Management Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs28.36%4.07%4.74%5.45%6.49%6.31%6.25%6.26%6.06%4.84%4.94%5.57%
DIIs62.69%86.76%85.38%84.27%83.26%83.14%60.14%59.99%60.26%61.03%61.69%61.13%
Public8.95%9.17%9.88%10.28%10.25%10.55%33.61%33.75%33.68%34.12%33.36%33.31%
No. of Shareholders2,17,4671,76,7651,78,6561,77,7291,75,8201,79,8241,80,1891,61,6321,60,5381,57,9461,55,9181,52,127

UTI Asset Management Company Ltd Shareholding Pattern Chart

No. of UTI Asset Management Company Ltd Shareholders

UTI Asset Management Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Parag Parikh Flexi Cap Fund36219210.61336.62
Nippon India Small Cap Fund22672440.46210.72
Nippon India Multi Cap Fund21487760.78199.71
Tata Small Cap Fund19655002.98182.67
Tata Equity P/E Fund - Regular Plan16770002.17155.86
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%16770002.17155.86
Nippon India ELSS Tax Saver Fund13026810.85121.07
Nippon India Banking & Financial Services Fund11419622.05106.13
Nippon India Value Fund7885431.0573.29
Tata ELSS Tax Saver Fund5050001.1846.93

UTI Asset Management Company Ltd ROCE Trend

UTI Asset Management Company Ltd EPS Trend

UTI Asset Management Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)34.4542.1238.9721.4127.83
Diluted EPS (Rs.)34.4441.9638.9721.4127.83
Cash EPS (Rs.)37.7745.0141.8124.3329.74
Book Value[Excl.RevalReserv]/Share (Rs.)304.60284.97257.36219.50208.35
Book Value[Incl.RevalReserv]/Share (Rs.)304.60284.97257.36219.50208.35
Revenue From Operations / Share (Rs.)99.77103.9192.1667.3682.86
PBDIT / Share (Rs.)50.0255.6351.0230.3141.69
PBIT / Share (Rs.)46.8752.7348.2027.6639.39
PBT / Share (Rs.)46.1252.0047.5626.9238.74
Net Profit / Share (Rs.)34.6342.1138.9921.6827.44
NP After MI And SOA / Share (Rs.)34.4442.0938.9721.4127.83
PBDIT Margin (%)50.1353.5355.3544.9950.31
PBIT Margin (%)46.9750.7452.2941.0547.54
PBT Margin (%)46.2250.0451.6039.9646.76
Net Profit Margin (%)34.7040.5242.3032.1933.11
NP After MI And SOA Margin (%)34.5240.5042.2831.7833.58
Return on Networth / Equity (%)11.3014.8115.199.7913.54
Return on Capital Employeed (%)15.1718.1018.0511.9817.94
Return On Assets (%)10.4713.3913.538.5711.70
Asset Turnover Ratio (%)0.280.290.290.270.35
Current Ratio (X)14.6612.2512.1211.4011.29
Quick Ratio (X)14.6612.2512.1211.4011.29
Dividend Payout Ratio (NP) (%)60.9640.3417.9625.5017.96
Dividend Payout Ratio (CP) (%)55.8637.7416.7422.6916.59
Earning Retention Ratio (%)39.0459.6682.0474.5082.04
Cash Earning Retention Ratio (%)44.1462.2683.2677.3183.41
Interest Coverage Ratio (X)66.5076.9380.2641.1064.52
Interest Coverage Ratio (Post Tax) (X)47.0459.2362.3330.4043.47
Enterprise Value (Cr.)7783.4812236.347066.170.000.00
EV / Net Operating Revenue (X)6.149.286.050.000.00
EV / EBITDA (X)12.2617.3310.920.000.00
MarketCap / Net Operating Revenue (X)6.439.576.320.000.00
Retention Ratios (%)39.0359.6582.0374.4982.03
Price / BV (X)2.103.502.270.000.00
Price / Net Operating Revenue (X)6.439.576.320.000.00
EarningsYield0.050.040.060.000.00

UTI Asset Management Company Ltd Profitability Ratios (%)

UTI Asset Management Company Ltd Liquidity Ratios

UTI Asset Management Company Ltd Liquidity Ratios (%)

UTI Asset Management Company Ltd Interest Coverage Ratios (X)

UTI Asset Management Company Ltd Valuation Ratios

Fair Value / Intrinsic Value of UTI Asset Management Company Ltd

Fair Value: ₹639.26

The stock is overvalued by 30.89% compared to the current price ₹925

*Investments are subject to market risks

Strength and Weakness of UTI Asset Management Company Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 16.18%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -34.45, which is a positive sign.
  3. The company has higher reserves (2,145.08 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (303.58 cr) and profit (451.42 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 42.97 and average Dividend Yield of 47.72%.
  2. The stock has a high average Cash Conversion Cycle of 14.00, which may not be favorable.

Should I Buy UTI Asset Management Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in UTI Asset Management Company Ltd:
    1. Net Profit Margin: 34.70%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.17% (Industry Average ROCE: 29.85%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 47.04
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 14.66
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 17.1 (Industry average Stock P/E: 28)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 UTI Asset Management Company 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