MarketFriction

Nippon Life India Asset Management Ltd

NSE NAM-INDIA · BSE 540767 · Asset Management Company
₹1,046.00 -2.24%
NSE close2026-10-01
52 week range795.80 - 1,269.50
Market cap₹68,356 Cr.
P/E41.8
IPO 2017 · +315% since Nifty 500Midcap 150Nifty MNC No price band Delivery 49.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales397423468505571588567607658705739767
Expenses156164178189197202201218229235232259
Operating Profit241259291316374386365388430470507508
OPM %61%61%62%63%66%66%64%64%65%67%69%66%
Other Income781079213112115231463775-34170
Interest222222222222
Depreciation777778989111212
Profit before tax310358374439486392378524456533460664
Tax %21%21%8%24%26%25%21%24%24%24%16%24%
Net Profit244284343332360295299396345404385504
EPS in Rs3.914.535.445.265.694.664.706.235.416.346.037.88
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3111,4351,7351,6471,1921,4191,5331,5122,0362,5182,9242,869
Expenses7878371,082940594505516555649789914954
Operating Profit5245986537075989141,0179571,3861,7292,0101,915
OPM %40%42%38%43%50%64%66%63%68%69%69%67%
Other Income311431125239249
Interest002064446777
Depreciation4189103333273029314044
Profit before tax5225816567005608779899281,3521,6941,9722,113
Tax %24%31%30%30%26%23%25%22%18%24%23%
Net Profit3964024574874156807447231,1071,2861,5291,637
EPS in Rs344.12348.927.457.946.7811.0411.9611.6117.5820.2723.9725.66
Dividend Payout %36%0%81%76%74%72%92%99%94%89%90%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%16%25%23%
Compounded Profit Growth14%18%28%21%
Stock Price CAGR%19%48%23%
Return on Equity25%28%32%34%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111212612612612616622623630635638
Reserves1,4951,7501,8311,7531,9581,9812,4842,8572,8923,3523,5784,021
Borrowings303030000000798875
Other Liabilities166139179357206288291318345314369458
Total Liabilities1,7021,9312,0512,7222,7762,8813,3923,7973,8614,3754,6705,192
Fixed Assets712251258256324301296305331868916
CWIP000312102242
Investments8359119479931,2901,8852,5502,9423,0233,5133,3243,767
Other Assets8601,0088541,4691,229671540559530530475507
Total Assets1,7021,9312,0512,7222,7762,8813,3923,7973,8614,3754,6705,192
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-422185563763866054565805877771,2001,466
Cash from Investing Activity441-25-316-260-3537-402-12598-104-82-326
Cash from Financing Activity-404-174-300-92-359-468-239-426-712-671-1,116-1,150
Net Cash Flow-519-6124-7174-18529-2732-10
Free Cash Flow-442092993613786014365735747676591,389
CFO/OP12%69%120%87%85%126%69%78%79%74%91%95%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7171182318121823231010
Inventory Days
Days Payable
Cash Conversion Cycle7171182318121823231010
Working Capital Days127115124-3625-25-19-5-46-9-16
ROCE %30%31%32%31%28%22%31%30%27%36%41%44%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.47%73.10%72.86%72.66%72.49%72.43%72.32%72.25%72.10%72.05%71.93%71.80%
FIIs5.06%5.54%5.49%6.56%7.73%8.28%8.34%7.59%7.65%7.90%7.35%7.04%
DIIs14.57%14.18%14.40%14.34%13.47%13.02%12.81%13.45%12.95%13.83%14.77%15.49%
Public6.92%7.18%7.26%6.43%6.31%6.26%6.53%6.69%7.30%6.21%5.95%5.67%
No. of Shareholders1,71,9681,80,8541,86,1661,79,7491,90,9442,02,3222,14,8352,10,1732,19,4352,19,4152,08,5962,00,154

Fundamentals

Market Cap₹ 68,356 Cr.
Current Price₹ 1,068
Stock P/E41.8
Book Value₹ 73.0
ROCE43.8 %
ROE34.5 %
Dividend Yield2.01 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)21%
Consolidated figures.
Valuation
Market capRs 66,747 Cr
Enterprise valueRs 66,520 Cr
P/E (TTM)40.77x
Price to book14.33x
Price to sales23.26x
EV / EBITDA30.75x
EV / EBIT31.39x
EV / sales23.19x
Price to cash flow45.53x
Earnings yield2.45%
Dividend yield2.06%
P/E, 3-year average29.60x
P/B, 3-year average9.05x
P/E, 5-year average27.19x
P/B, 5-year average7.42x
Profitability
Operating margin (excl. other income)68.75%
Operating margin (incl. other income)69.06%
EBITDA margin75.40%
Pre-tax margin73.63%
Net profit margin57.06%
Net margin, latest quarter65.68%
ROE34.48%
ROCE43.80%
ROA31.01%
ROE, 3-year average31.80%
ROCE, 3-year average40.12%
ROA, 3-year average28.78%
ROE, 5-year average27.74%
ROCE, 5-year average35.43%
ROA, 5-year average25.19%
ROIC (approx.)37.05%
Tax rate22.51%
Other income / net worth0.20%
Growth
Sales growth (latest year)16.11%
Profit growth (latest year)18.89%
Sales CAGR, 3 years24.59%
Sales CAGR, 5 years15.56%
Profit CAGR, 3 years28.35%
Profit CAGR, 5 years17.59%
Sales growth QoQ3.81%
Profit growth QoQ30.93%
Sales growth YoY (latest quarter)26.42%
Profit growth YoY (latest quarter)27.16%
Per share
EPS (TTM)Rs 25.65
EPS (latest year)Rs 23.97
EPS (latest quarter)Rs 7.89
EPS, 3-year averageRs 20.60
EPS, 5-year averageRs 17.08
Book value per shareRs 73.01
Sales per shareRs 44.96
Cash flow per shareRs 22.97
Free cash flow per shareRs 21.77
Dividend per share (latest year)Rs 21.50
Dividend per share, 3-year averageRs 18.67
Dividend per share, 5-year averageRs 15.70
Dividends
Dividend payout89.71%
Dividend payout, 3-year average90.80%
Dividend payout, 5-year average92.68%
Efficiency
Asset turnover0.56x
Fixed asset turnover3.19x
Debtor days10 days
Debtors turnover36.88x
Cash conversion cycle10 days
Working capital days-16 days
Leverage
Total debtRs 75 Cr
Cash and bankRs 302 Cr
Net debtRs -227 Cr
Debt to equity0.02x
Net debt / EBITDA-0.10x
Interest coverage313.05x
Owners' fund to total sources89.73%
Debt to assets1.45%
Cash flow
Cash from Operating Activity (latest year)Rs 1,466 Cr
Cash from Investing Activity (latest year)Rs -326 Cr
Cash from Financing Activity (latest year)Rs -1,150 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs 1,389 Cr
FCFE (approx.: FCF + change in debt)Rs 1,376 Cr
Cash from ops / profit, 5 years0.86x
Sales to cash flow1.99x
Statement figures
Net sales (TTM)Rs 2,869 Cr
Net sales (latest year)Rs 2,924 Cr
Sales (latest quarter)Rs 767 Cr
Operating profit excl. other income (latest year)Rs 2,010 Cr
Operating profit (latest quarter)Rs 508 Cr
Other income (TTM)Rs 249 Cr
EBITDA (TTM)Rs 2,163 Cr
PBDT (TTM)Rs 2,156 Cr
Profit before tax (TTM)Rs 2,113 Cr
Tax (latest year)Rs 444 Cr
Net profit (TTM)Rs 1,637 Cr
Net profit (latest year)Rs 1,529 Cr
Net profit (latest quarter)Rs 504 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 166 Cr
Total expenditure (latest year)Rs 914 Cr
Total income (latest year)Rs 2,933 Cr
Share capitalRs 638 Cr
ReservesRs 4,021 Cr
Shareholders' fundsRs 4,659 Cr
Total assetsRs 5,192 Cr
Net blockRs 916 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 3,767 Cr
ReceivablesRs 79 Cr
Other liabilitiesRs 458 Cr
Shares outstanding (crore)63.81
Ownership
Promoter holding71.80% (-0.45 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.8 is at the 63th percentile of its own 9.0-year range (median 37.1, low 18.0, high 56.9).
P/B 14.33 is at the 94th percentile (median 7.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNAM-INDIANifty 50Difference
1 week-8.6%-2.8% -5.9 pts
1 month-11.3%-6.8% -4.5 pts
3 months-14.1%-7.6% -6.5 pts
6 months+30.5%+0.4% +30.1 pts
1 year+21.8%-9.9% +31.8 pts
2 years+50.6%-13.6% +64.2 pts
3 years+219.0%+14.2% +204.8 pts
5 years+137.4%+27.9% +109.5 pts
221 mutual fund schemes hold about ₹9,138 Cr. Over three months 151 bought more and 51 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund1.07%1,165 +9%
Kotak Mid Cap Fund1.56%1,115 +11%
HDFC Flexi Cap Fund0.39%437 +67%
DSP Midcap Fund1.90%399 +13%
Quant Mid Cap Fund4.87%392 +1%
HSBC Midcap Fund2.16%371 +5%
SBI Multicap Fund1.01%248 +14%
HSBC Small Cap Fund1.30%248 +2%
ICICI Pru Large & Mid Cap Fund0.67%224 +100%
ICICI Pru Mid Cap Fund2.29%193 +10%
ICICI Pru Mid Cap Fund2.29%183 +10%
Quant Multi Cap Fund2.29%176 +109%
ICICI Pru Multi Cap Fund0.81%158 +9%
ICICI Pru Multi Cap Fund0.81%152 +9%
PGIM India Midcap Fund1.33%149 +15%
Quant Flexi Cap Fund1.94%143 +100%
Mahindra Manulife Mid Cap Fund2.52%137 +10%
Sundaram Mid Cap Fund0.83%123 +11%
Sundaram Mid Cap Fund0.83%120 +11%
Quant Large & Mid Cap Fund3.40%118 -5%
Motilal Oswal ELSS Tax Saver Fund2.28%117 +16%
Kotak Aggressive Hybrid Fund1.25%115 +13%
Aditya Birla SL ELSS Tax Saver Fund0.73%107 +17%
HSBC Large & Mid Cap Fund1.66%99 +21%
Invesco India Multicap Fund2.09%95 -1%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-23Pallavi ChauhanEmployees/Designated Employeother21,481Rs 0.46 CrESOP
2026-03-23Rishi GargEmployees/Designated Employeother5,020Rs 0.15 CrESOP
2026-03-23Parikshit ChanchaniEmployees/Designated Employeother11,852Rs 0.24 CrESOP
2026-03-23Pawan Kumar NyatiEmployees/Designated Employeother5,214Rs 0.11 CrESOP
2026-03-23Praveen BilgaiyanEmployees/Designated Employeother1,755Rs 0.04 CrESOP
2026-03-23Pritesh VoraEmployees/Designated Employeother1,800Rs 0.07 CrESOP
2026-03-23Rajesh JayaramanEmployees/Designated Employeother64,198Rs 1.37 CrESOP
2026-03-23Robince JoyEmployees/Designated Employeother4,707Rs 0.15 CrESOP
2026-03-23Saugata ChatterjeeEmployees/Designated Employeother117,037Rs 2.37 CrESOP
2026-03-23Shashank ShekharEmployees/Designated Employeother3,945Rs 0.09 CrESOP
2026-03-23Vaidehi VidyarthiEmployees/Designated Employeother20,667Rs 0.42 CrESOP
2026-03-23Abhishek Shilendra TaliwalEmployees/Designated Employeother1,000Rs 0.02 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹767 Cr +26.4% vs Jun 2025. Net profit ₹504 Cr +27.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-25Dividend - Rs 12.50 Per Share
2025-11-06Interim Dividend - Rs 9 Per Share
2025-07-04Dividend - Rs 10 Per Share
2024-11-06Interim Dividend - Rs 8 Per Share
2024-06-28Dividend - Rs 11 Per Share
2023-11-09Interim Dividend - Rs 5.50 Per Share
2023-06-30Dividend - Rs 7.50 Per Share
2022-11-01Interim Dividend - Rs 4 Per Share
2022-06-30Dividend - Rs 7.50 Per Share
2021-11-08 Interim Dividend - Rs 3.50 Per Share
2021-06-10 Dividend - Rs 5 Per Share
2021-02-05 Interim Dividend - Rs 3.00 Per Share
2020-06-29 Dividend - Rs 2 Per Share
2020-02-03 Interim Dividend - Rs 3 Per Share
2019-05-09 Interim Dividend - Rs 3 Per Share
2019-01-31 Interim Dividend - Rs 3 Per Share
2018-09-12 Annual General Meeting/Dividend Re 1 Per Share
2018-01-31 Interim Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-09-28Credit Rating- RevisionPlease find attached the intimation for ESG Rating by SES ESG Research Private Limited
2026-09-21ESOPAllotment of 92422 Shares.
2026-09-18Concall / analyst meetSchedule of meet
2026-09-18Concall / analyst meetSchedule of meet
2026-09-18Concall / analyst meetSchedule of meet
2026-09-18Credit RatingCredit Rating
2026-09-15ESOPAllotment of 167994 Shares.
2026-09-11Concall / analyst meetSchedule of meet
2026-09-11Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-08-31Investor PresentationInvestor Presentation
2026-08-25Concall / analyst meetSchedule of meet
2026-08-24Concall / analyst meetSchedule of meet
2026-08-21ESOPAllotment of 63529 Shares.
2026-08-19Concall / analyst meetSchedule of meet
2026-08-19Concall / analyst meetSchedule of meet
2026-08-12ESOPAllotment of 422140 Shares.
2026-08-11Credit RatingCredit Rating
2026-08-06Concall / analyst meetSchedule of meet
2026-08-06Concall / analyst meetSchedule of meet
2026-07-24Credit RatingCredit Rating
2026-07-23Concall / analyst meetTranscript
2026-07-22Concall / analyst meetLink of Recording
2026-07-22Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.00
Max pain (expiry 2026-10-27)1,100
Largest call open interest at1,200
Largest put open interest at1,100
Implied volatility, at the money31.6%
Underlying at snapshot1,046.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-303,509
2026-09-293,381
2026-09-2865
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-09-18NCLATJamal Ahmad VS Reliance Nippon Life Asset Management & Anr
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nippon Life India Asset Management Ltd?

Nippon Life India Asset Management Ltd (NAM-INDIA) has a market capitalisation of Rs 68,356 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nippon Life India Asset Management Ltd?

Nippon Life India Asset Management Ltd trades at a P/E of 41.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nippon Life India Asset Management Ltd's latest quarterly results?

In the Jun 2026 quarter, Nippon Life India Asset Management Ltd sales was Rs 767 Cr (+26.4% vs Jun 2025) and net profit was Rs 504 Cr.

What is the 52-week high and low of Nippon Life India Asset Management Ltd?

The 52-week high is Rs 1,269.50 and the 52-week low is Rs 795.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03