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Nippon Life India Asset Management Limited (NAM-INDIA) Report Analysis

Corporate Events

Negative

Nippon Life India Asset Management Announces th...

2022-11-02 13:13:00

Nippon Life India Asset Management, asset manager of Nippon India Mutual Fund, announced the elevation of Mr. Sailesh Bhan as its new CIO Equi...

Positive

Nippon Life India Asset Management Limited Decl...

2022-10-19 10:54:00

The board of directors of Nippon Life India Asset Management Limited at its meeting held on October 19, 2022, declared an interim dividend of ...

Positive

Nippon Life India Asset Management Limited, 4.0...

2022-10-19 00:00:00

Nippon Life India Asset Management Limited, 4.00 (INR), Cash Dividend, Nov-01-2022

Neutral

Nippon Life India Asset Management Limited, Q2 ...

2022-10-03 10:54:00

Nippon Life India Asset Management Limited, Q2 2023 Earnings Call, Oct 19, 2022

Neutral

Nippon Life India Asset Management Limited, Boa...

2022-09-30 06:10:00

Nippon Life India Asset Management Limited, Board Meeting, Oct 19, 2022, at 13:45 Indian Standard Time. Agenda: To consider and approve the un...

Neutral

Nippon Life India Asset Management Limited - Sh...

2022-09-14 13:19:00

Nippon Life India Asset Management Limited - Shareholder/Analyst Call

Negative

Nippon Life India Asset Management Limited Anno...

2022-07-12 15:49:00

Nippon Life India Asset Management Limited at the annual general meeting held on July 12, 2022 approved appointment of Mr. Minoru Kimura and M...

Neutral

Nippon Life India Asset Management Limited, Q1 ...

2022-07-12 11:14:00

Nippon Life India Asset Management Limited, Q1 2023 Earnings Call, Jul 28, 2022

Positive

Nippon Life India Asset Management Limited Decl...

2022-07-12 11:09:00

Nippon Life India Asset Management Limited held its 27th Annual General Meeting on July 12, 2022, to confirm the payment of Interim Dividend o...

Neutral

Nippon Life India Asset Management Limited, Boa...

2022-06-30 06:56:00

Nippon Life India Asset Management Limited, Board Meeting, Jul 28, 2022. Agenda: To consider and approve the unaudited financial results of th...

Neutral

Nippon Life India Asset Management Limited to R...

2022-06-16 15:09:00

Nippon Life India Asset Management Limited announced that they will report Q1, 2023 results on Jul 28, 2022

Neutral

Nippon Life India Asset Management Limited to R...

2022-06-16 15:09:00

Nippon Life India Asset Management Limited announced that they will report Q2, 2023 results on Oct 19, 2022

Positive

Nippon Life India Asset Management Limited Prop...

2022-06-16 15:09:00

Nippon Life India Asset Management Limited at its Annual General Meeting to be held on July 12, 2022 proposed to confirm the payment of Inter...

Neutral

Nippon Life India Asset Management Limited, Ann...

2022-06-14 11:16:00

Nippon Life India Asset Management Limited, Annual General Meeting, Jul 12, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt...

Neutral

Nippon Life India Asset Management Limited - Sh...

2022-06-14 11:16:00

Annual General Meeting

Neutral

Nippon Life India Asset Management Limited - Sp...

2022-05-23 12:41:00

Nippon Life India Asset Management Limited - Special Call

Neutral

Yes Securities (India) Limited, High Conviction...

2022-05-23 12:41:00

Yes Securities (India) Limited, High Conviction Ideas Conference, Jun 06, 2022 through Jun 07, 2022.

Neutral

CLSA Limited, CLSA - UK & EU Virtual Access Day...

2022-05-23 12:41:00

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022.

Neutral

Nippon Life India Asset Management Limited Pres...

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at BK Securities Trinity India Conference 2022, Jun-02-2022 . Venue: Mumbai, India.

Neutral

Nippon Life India Asset Management Limited Pres...

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at High Conviction Ideas Conference, Jun-07-2022 .

Neutral

Nippon Life India Asset Management Limited Pres...

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-08-2022 . Venue: Mumbai , Maharasht...

Neutral

Nippon Life India Asset Management Limited Pres...

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022 .

Neutral

Batlivala & Karani Securities India Pvt. Ltd., ...

2022-05-17 08:50:00

Batlivala & Karani Securities India Pvt. Ltd., Research Division, BK Securities Trinity India Conference 2022, May 30, 2022. Venue: Mumbai, India.

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Positive

Nippon Life India Asset Management Limited Reco...

2022-04-26 10:50:00

Nippon Life India Asset Management Limited and the Board recommended a final dividend of INR 7.50/- per Equity Share of INR 10/- each for the ...

Positive

Nippon Life India Asset Management Limited, 7.5...

2022-04-26 00:00:00

Nippon Life India Asset Management Limited, 7.50 (INR), Cash Dividend, Jun-30-2022

Negative

Nippon Life India Asset Management Limited Appo...

2022-04-21 14:52:00

Nippon Life India Asset Management Limited announced that Mr. Minoru Kimura and Mr. Tomohiro Yao have been appointed as the Additional Directo...

Neutral

Nippon Life India Asset Management Limited, Q4 ...

2022-04-04 14:11:00

Nippon Life India Asset Management Limited, Q4 2022 Earnings Call, Apr 26, 2022

Neutral

Nippon Life India Asset Management Limited to R...

2022-03-31 11:55:00

Nippon Life India Asset Management Limited announced that they will report Q4, 2022 results on Apr 26, 2022

Neutral

Nippon Life India Asset Management Limited, Boa...

2022-03-31 11:55:00

Nippon Life India Asset Management Limited, Board Meeting, Apr 26, 2022. Agenda: To consider and approve the audited financial results of the ...

Negative

Nippon Life India Asset Management Limited Anno...

2022-03-30 14:15:00

Nippon Life India Asset Management Limited announced that Mr. Yutaka Ideguchi, Non Executive Non Independent Director of the Company has tende...

Positive

Nippon Life India Asset Management Ltd Receives...

2022-01-21 09:27:00

Nippon Life India Asset Management Limited has been granted approval by IFSCA on January 20, 2022 to carry out Portfolio Management Services t...

Negative

Nippon Life India Asset Management Announces the Elevation of Mr. Sailesh Bhan as Its New CIO Equity Effective January 1, 2023

2022-11-02 13:13:00

Nippon Life India Asset Management, asset manager of Nippon India Mutual Fund, announced the elevation of Mr. Sailesh Bhan as its new CIO Equity effective January 1, 2023, when he takes over the charge from the present CIO Equity, Manish Gunwani. Sailesh has been with the organization since 2004 and has been acting as Deputy CIO Equity, since 2014. He comes with over 25 years of rich investment experience. He has been managing multiple funds namely, Nippon India Large Cap, Nippon India Multi Cap & Nippon India Pharma Fund for over 15 years. Sailesh has been an important pillar of NAM India and has been groomed over a period to take up this role. Manish Gunwani, after a successful stint of over 5 years, will be moving on to pursue other career opportunity. He has led a strong team of 28 plus investment professionals with his robust knowledge and Investment capability.

Positive

Nippon Life India Asset Management Limited Declares Interim Dividend, Payable on and from November 15, 2022

2022-10-19 10:54:00

The board of directors of Nippon Life India Asset Management Limited at its meeting held on October 19, 2022, declared an interim dividend of INR 4.00 per equity share and has fixed the record date as November 02, 2022. Dividend will be paid on and from November 15, 2022.

Positive

Nippon Life India Asset Management Limited, 4.00 (INR), Cash Dividend, Nov-01-2022

2022-10-19 00:00:00

Nippon Life India Asset Management Limited, 4.00 (INR), Cash Dividend, Nov-01-2022

Neutral

Nippon Life India Asset Management Limited, Q2 2023 Earnings Call, Oct 19, 2022

2022-10-03 10:54:00

Nippon Life India Asset Management Limited, Q2 2023 Earnings Call, Oct 19, 2022

Neutral

Nippon Life India Asset Management Limited, Board Meeting, Oct 19, 2022

2022-09-30 06:10:00

Nippon Life India Asset Management Limited, Board Meeting, Oct 19, 2022, at 13:45 Indian Standard Time. Agenda: To consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2022; and to consider declaration of interim dividend.

Neutral

Nippon Life India Asset Management Limited - Shareholder/Analyst Call

2022-09-14 13:19:00

Nippon Life India Asset Management Limited - Shareholder/Analyst Call

Negative

Nippon Life India Asset Management Limited Announces Management Changes

2022-07-12 15:49:00

Nippon Life India Asset Management Limited at the annual general meeting held on July 12, 2022 approved appointment of Mr. Minoru Kimura and Mr. Tomohiro Yao as Non-executive Non-independent Directors of the Company. Mr. Minoru Kimura, aged 54years is Managing Executive Officer of Nippon Life Insurance Company, and is responsible forHead of Global Business. He joined Nippon Life Insurance Company in 1990 and has spent more than 25 years and has been responsible for both domestic and foreign securitiesinvestment, including his assignments at NLI International Inc. in New York, NissayDeutsche Asset Management Europe and NLI Investments Europe in London. Previously, he was General Manager of Nippon Life's International Planning &Operations Department managing and developing Nippon Life's oversea lifeinsurance and asset management business. He has also played an active role at Nissay Asset Management, Nippon Life's asset management subsidiary, incharge of various roles including Head of investment planning. He is a Bachelor of Laws fromKyoto University, Japan. Mr. Tomohiro Yao, aged 50 years is Regional CEO for Asia Pacific and Head of India at Nippon Life Insurance Company. He is responsible foroperations in the Asia Pacific. Mr. Tomohiro Yao is a seasonedprofessional with over 25 years of experience in the life insurance industry. He has extensive knowledge of Planning & Research and Global Business Planning at Nippon Life,Japan. In 2011 he assumed charges as Executive Assistant to the Chairman of Life Insurance Association, Japan for 2 years. Following which he was engaged inNippon Life's Global Business Planning, leading Nippon Life's international M&A strategy. He was also responsible for driving Nippon Life's overseas Insurance businessesincluding India, Mainland China as well as the United States of America. He holds a degree of B.A. (Law) from Kyoto University and an MBA from Wharton School, University ofPennsylvania.

Neutral

Nippon Life India Asset Management Limited, Q1 2023 Earnings Call, Jul 28, 2022

2022-07-12 11:14:00

Nippon Life India Asset Management Limited, Q1 2023 Earnings Call, Jul 28, 2022

Positive

Nippon Life India Asset Management Limited Declares Final Dividend for the Financial Year 2021-22

2022-07-12 11:09:00

Nippon Life India Asset Management Limited held its 27th Annual General Meeting on July 12, 2022, to confirm the payment of Interim Dividend of INR 3.50 per Equity Share and to declared a Final Dividend of INR 7.50 per Equity Share for the financial year 2021-22.

Neutral

Nippon Life India Asset Management Limited, Board Meeting, Jul 28, 2022

2022-06-30 06:56:00

Nippon Life India Asset Management Limited, Board Meeting, Jul 28, 2022. Agenda: To consider and approve the unaudited financial results of the Company for the quarter ended June 30, 2022.

Neutral

Nippon Life India Asset Management Limited to Report Q1, 2023 Results on Jul 28, 2022

2022-06-16 15:09:00

Nippon Life India Asset Management Limited announced that they will report Q1, 2023 results on Jul 28, 2022

Neutral

Nippon Life India Asset Management Limited to Report Q2, 2023 Results on Oct 19, 2022

2022-06-16 15:09:00

Nippon Life India Asset Management Limited announced that they will report Q2, 2023 results on Oct 19, 2022

Positive

Nippon Life India Asset Management Limited Proposes to Declare A Final Dividend for the Financial Year 2021-22

2022-06-16 15:09:00

Nippon Life India Asset Management Limited at its Annual General Meeting to be held on July 12, 2022 proposed to confirm the payment of Interim Dividend of INR 3.50 per Equity Share and to declare a Final Dividend of INR 7.50 per Equity Share for the financial year 2021-22.

Neutral

Nippon Life India Asset Management Limited, Annual General Meeting, Jul 12, 2022

2022-06-14 11:16:00

Nippon Life India Asset Management Limited, Annual General Meeting, Jul 12, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and that of the Auditors' thereon; to consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2022 and the report of the Auditors thereon; to confirm the payment of Interim Dividend; to appoint a director in place of Mr. Akira Shibata; to consider appointment of Mr. Minoru Kimura as the Non-executive Non-independent Director; and to consider appointment of Mr. Tomohiro Yao as the Non-executive Non-independent Director.

Neutral

Nippon Life India Asset Management Limited - Shareholder/Analyst Call

2022-06-14 11:16:00

Annual General Meeting

Neutral

Nippon Life India Asset Management Limited - Special Call

2022-05-23 12:41:00

Nippon Life India Asset Management Limited - Special Call

Neutral

Yes Securities (India) Limited, High Conviction Ideas Conference, Jun 06, 2022 through Jun 07, 2022

2022-05-23 12:41:00

Yes Securities (India) Limited, High Conviction Ideas Conference, Jun 06, 2022 through Jun 07, 2022.

Neutral

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022

2022-05-23 12:41:00

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022.

Neutral

Nippon Life India Asset Management Limited Presents at BK Securities Trinity India Conference 2022, Jun-02-2022

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at BK Securities Trinity India Conference 2022, Jun-02-2022 . Venue: Mumbai, India.

Neutral

Nippon Life India Asset Management Limited Presents at High Conviction Ideas Conference, Jun-07-2022

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at High Conviction Ideas Conference, Jun-07-2022 .

Neutral

Nippon Life India Asset Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-08-2022

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-08-2022 . Venue: Mumbai , Maharashtra, India.

Neutral

Nippon Life India Asset Management Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022

2022-05-23 12:41:00

Nippon Life India Asset Management Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022 .

Neutral

Batlivala & Karani Securities India Pvt. Ltd., Research Division, BK Securities Trinity India Conference 2022, May 30, 2022

2022-05-17 08:50:00

Batlivala & Karani Securities India Pvt. Ltd., Research Division, BK Securities Trinity India Conference 2022, May 30, 2022. Venue: Mumbai, India.

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Positive

Nippon Life India Asset Management Limited Recommends Final Dividend for the Year Ended March 31, 2022, Payable on July 19, 2022

2022-04-26 10:50:00

Nippon Life India Asset Management Limited and the Board recommended a final dividend of INR 7.50/- per Equity Share of INR 10/- each for the financial year ended March 31, 2022, for the approval of the shareholders at the ensuing Annual General meeting. With this the total dividend for the financial year 2021-22 would be INR 11/-, including the interim dividend of INR 3.50 per equity share distributed in November 2021. The record date to determine those shareholders who will be eligible to receive the payment of final dividend, subject to shareholder's approval, will be July 01, 2022. The payment date for final dividend will be on and from July 19, 2022.

Positive

Nippon Life India Asset Management Limited, 7.50 (INR), Cash Dividend, Jun-30-2022

2022-04-26 00:00:00

Nippon Life India Asset Management Limited, 7.50 (INR), Cash Dividend, Jun-30-2022

Negative

Nippon Life India Asset Management Limited Appoints Minoru Kimura and R. Tomohiro Yao as Additional Directors

2022-04-21 14:52:00

Nippon Life India Asset Management Limited announced that Mr. Minoru Kimura and Mr. Tomohiro Yao have been appointed as the Additional Directors of the Company by the Board Directors vide the circular resolution dated April 21, 2022. The company also announced that Mr. Kazuyuki Saigo (Nominee Director of Nippon Life Insurance Company), Non-Executive Non-Independent Director of the Company has tendered his resignation due to other preoccupations with effect from April 21, 2022.

Neutral

Nippon Life India Asset Management Limited, Q4 2022 Earnings Call, Apr 26, 2022

2022-04-04 14:11:00

Nippon Life India Asset Management Limited, Q4 2022 Earnings Call, Apr 26, 2022

Neutral

Nippon Life India Asset Management Limited to Report Q4, 2022 Results on Apr 26, 2022

2022-03-31 11:55:00

Nippon Life India Asset Management Limited announced that they will report Q4, 2022 results on Apr 26, 2022

Neutral

Nippon Life India Asset Management Limited, Board Meeting, Apr 26, 2022

2022-03-31 11:55:00

Nippon Life India Asset Management Limited, Board Meeting, Apr 26, 2022. Agenda: To consider and approve the audited financial results of the company for the quarter and financial year ended March 31, 2022 and to recommend dividend on equity shares, if any.

Negative

Nippon Life India Asset Management Limited Announces Resignation of Yutaka Ideguchi as Director

2022-03-30 14:15:00

Nippon Life India Asset Management Limited announced that Mr. Yutaka Ideguchi, Non Executive Non Independent Director of the Company has tendered his resignation with effect from March 30, 2022, due to change in management team of NLI.

Positive

Nippon Life India Asset Management Ltd Receives Approval from International Financial Services Centre to Carry Out Portfolio Management Services from Gift City, Gandhinagar

2022-01-21 09:27:00

Nippon Life India Asset Management Limited has been granted approval by IFSCA on January 20, 2022 to carry out Portfolio Management Services through a branch office in International Financial Services Centre in India. NAM India continues to add value to investors by expanding its reach and presence in unique locations to service global clients by leveraging Nippon Life Insurance global network.

Fundamental Summary

Nippon Life India Asset Management's financial results from Q1 demonstrated decent performance, but will likely only help Nippon Life India Asset Management remain on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, Nippon Life India Asset Management received an overall score of 77, translating into a HOLD ranking.

Nippon Life India Asset Management reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 3,315.7 million compared to INR 3,278.7 million a year ago. Revenue was INR 4,134.7 million compared to INR 4,250.8 million a year ago. Net income was INR 2,060.7 million compared to INR 2,137.2 million a year ago. Basic earnings per share from continuing operations was INR 3.31 compared to INR 3.44 a year ago. Diluted earnings per share from continuing operations was INR 3.28 compared to INR 3.37 a year ago.For the six months, sales was INR 6,476.7 million compared to INR 6,301.4 million a year ago. Revenue was INR 7,128.4 million compared to INR 7,942.6 million a year ago. Net income was INR 3,201.5 million compared to INR 3,952.6 million a year ago. Basic earnings per share from continuing operations was INR 5.14 compared to INR 6.37 a year ago. Diluted earnings per share from continuing operations was INR 5.09 compared to INR 6.25 a year ago.

Business Description

Nippon Life Asset Management Limited is a publicly owned investment manager. The firm launches and manages equity and fixed income mutual funds for its clients. It also manages exchange traded funds for its clients. The firm invests in the public equity, fixed income and commodity markets. Nippon Life Asset Management Limited was previously known as Reliance Nippon Life Asset Management Limited. Nippon Life Asset Management Limited was founded on February 24, 1995 and is based in Mumbai, India.

Sector Overview

Nippon Life India Asset Management is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Nippon Life India Asset Management's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 38.0B 11.9% 56
Liabilities 3.2B 9.1% 74
Price to Book 6.2 -7.6% 79
Cash & Equivalents 479.2M 155.2% 86
Equity 34.8B 12.2% 47
EBITDA 10.2B 11.4% 75
Total Revenues 15.4B 8.2% 59
Parameter Value Change Score
Return on Equity 22.6 -5.3% 59
Net Cashflow 291.4M 115.8% 78
Capital Expenditure -67.7M 65.5% 89
Asset Turnover 0.4 -5.6% 50
Free Cashflow Per Share 9.2 30.5% 59
* All values are TTM

The below chart reflects Nippon Life India Asset Management's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Nippon Life India Asset Management's peer average final assessment score stands on 73, Nippon Life India Asset Management's score is 77.

  •  NAM-INDIA
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 0 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 1 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 2 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 3 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 4 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 5 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Nippon Life India Asset Management Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Nippon Life India Asset Management Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Nippon Life India Asset Management Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Nippon Life India Asset Management's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Nippon Life India Asset Management's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 271.3
52W Low 257.5
52W High 376.3
5D MA 264.42
50D MA 267.85
200D MA 292.93
MACD -1.38
RSI 64.06
STOCH 100.0

Balance Sheet Analysis

While the critical metrics for Nippon Life India Asset Management's balance sheet were not overwhelmingly positive, nonetheless, Nippon Life India Asset Management's leadership seems to be consistently making smart decisions related to managing their balance sheet. Nippon Life India Asset Management's management was effective in improving its cash and cash equivalents metrics, which now sit at 479.2M. This represents 155.2% change from the last reporting period. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their cash and cash equivalents movement received a grade of 86. Also, Nippon Life India Asset Management's price to book ratio (P/B) was reported as 6.2 and represents -7.6% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 79. On the other hand, Equity, jumped out as looking rather underwhelming. Nippon Life India Asset Management reported weak equity changes momentum this period. At filing, equity was reported as 34.8B, representing 12.2% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. This performance is significantly less impressive than its peers and competitors. Its equity movement component, therefore, received a grade of 47. Therefore, we scored the company's balance sheet a 77.

Parameter Value Change Score
Assets 38.0B 11.9% 56
Liabilities 3.2B 9.1% 74
Price to Book 6.2 -7.6% 79
Cash & Equivalents 479.2M 155.2% 86
Equity 34.8B 12.2% 47
* All values are TTM

The below chart describes Nippon Life India Asset Management's performance as reflected on its balance sheet with respect to its peers. While Nippon Life India Asset Management received a balance sheet score of 77, the average of its peers stands on 73.

  •  NAM-INDIA
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 0 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 1 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 2 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 3 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 4 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 5 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Overall, using Nippon Life India Asset Management's published numbers as indicators of management's priorities and execution, there is a high likelihood of continued income statement mediocrity going into the upcoming quarters. Nippon Life India Asset Management's management was effective in improving its EBIDTA, which now sits at 10.2B and represents a 11.4% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 6.6%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. The company's EBITDA movement, therefore, received a grade of 75. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Nippon Life India Asset Management management did an underwhelming job managing revenue efficiency this past period. Nippon Life India Asset Management's revenue efficiency is 15.4B according to the metrics in the current filing, which represents a 8.2% change from the previous report. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Its revenue efficiency, therefore, received a grade of 59. Its income statement received an overall score of 68.

Parameter Value Change Score
EBITDA 10.2B 11.4% 75
Total Revenues 15.4B 8.2% 59
Return on Equity 22.6 -5.3% 59
* All values are TTM

The below chart describes Nippon Life India Asset Management's performance as reflected on its income statement with respect to its peers. While Nippon Life India Asset Management received a income statement score of 68 , the average of its peers stands on 72.

  •  NAM-INDIA
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 0 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 1 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 2 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 3 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 4 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 5 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Taking a high-level look at Nippon Life India Asset Management's cash flow, it appears that management is going a fine job managing the cash flow and cash equivalents metrics that matter. Nippon Life India Asset Management's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -67.7M, which represents a 65.5% change from the last period. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. The company's CapEx movement, therefore, received a grade of 89. Also, Nippon Life India Asset Management presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 291.4M, which is a change of 115.8% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 78. That said, one metric, Asset Turnover, stood out as strongly negative. Nippon Life India Asset Management's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Nippon Life India Asset Management recorded asset turnover of 0.4, which represents a -5.6% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Correspondingly, their asset turnover movement received a grade of 50. The company's cash flow, Therefore, earned a score of 76.

Parameter Value Change Score
Net Cashflow 291.4M 115.8% 78
Capital Expenditure -67.7M 65.5% 89
Asset Turnover 0.4 -5.6% 50
Free Cashflow Per Share 9.2 30.5% 59
* All values are TTM

The below chart describes Nippon Life India Asset Management's performance as reflected on its cash flow with respect to its peers. While Nippon Life India Asset Management received a cash flow score of 76, the average of its peers stands on 62.

  •  NAM-INDIA
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 0 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 1 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 2 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 3 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 4 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 5 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

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