NAM-INDIA

Nippon Life India Asset Management Limited

Mutual funds, PMS and alternatives, backed by Japan's Nippon Life

Financial Services›Financial Services›Capital Markets›Asset Management Company

mf.nipponindiaim.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1065.30
Market cap
68,009 Cr
Stock P/E
41.5
P/B
14.56
Dividend yield
1.8%
ROE (FY26)
32.8%
ROCE (FY26)
42.5%
Operating margin (FY26)
64.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

NAM India (Nippon Life India Asset Management) manages mutual funds, exchange-traded funds (ETFs), alternative investment funds and offshore funds for retail and institutional investors in India, and is backed by Japan's Nippon Life Insurance group.

Company snapshot

4thBy market cap

Ranked among 9 companies in Asset Management Company.

What we see

Positives
  • ✓Net margin of 56.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales397 Cr423 Cr468 Cr505 Cr571 Cr588 Cr567 Cr607 Cr658 Cr705 Cr739 Cr767 Cr
Operating expenses (approx.)156 Cr164 Cr178 Cr189 Cr197 Cr202 Cr201 Cr218 Cr229 Cr235 Cr232 Cr259 Cr
EBITDA241 Cr259 Cr291 Cr316 Cr374 Cr386 Cr365 Cr388 Cr430 Cr470 Cr507 Cr508 Cr
OPM %60.7%61.2%62.1%62.7%65.5%65.6%64.5%64.0%65.3%66.7%68.6%66.2%
Other income78 Cr107 Cr92 Cr131 Cr121 Cr15 Cr23 Cr146 Cr37 Cr75 Cr-34 Cr170 Cr
Interest2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Depreciation7 Cr7 Cr7 Cr7 Cr7 Cr8 Cr9 Cr8 Cr9 Cr11 Cr12 Cr12 Cr
Profit before tax311 Cr358 Cr374 Cr439 Cr486 Cr392 Cr378 Cr524 Cr456 Cr533 Cr460 Cr665 Cr
Tax %21.3%20.7%8.4%24.3%25.9%24.6%21.0%24.5%24.4%24.2%16.4%24.3%
Net profit244 Cr284 Cr343 Cr332 Cr360 Cr295 Cr299 Cr396 Cr345 Cr404 Cr385 Cr504 Cr
EPS (₹)₹3.92₹4.54₹5.45₹5.27₹5.69₹4.66₹4.71₹6.24₹5.42₹6.34₹6.04₹7.89

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,308 Cr1,586 Cr1,479 Cr1,203 Cr1,062 Cr1,307 Cr1,350 Cr1,643 Cr2,231 Cr2,709 CrSign in free for the trailing twelve months
Operating expenses (approx.)837 Cr1,055 Cr940 Cr594 Cr505 Cr516 Cr555 Cr649 Cr789 Cr914 CrSign in free for the trailing twelve months
EBITDA471 Cr531 Cr539 Cr609 Cr558 Cr791 Cr795 Cr994 Cr1,442 Cr1,795 CrSign in free for the trailing twelve months
OPM %36.0%33.5%36.5%50.6%52.5%60.5%58.9%60.5%64.6%66.3%Sign in free for the trailing twelve months
Other income128 Cr229 Cr171 Cr-10 Cr357 Cr229 Cr167 Cr394 Cr290 Cr224 CrSign in free for the trailing twelve months
Interest——0 Cr6 Cr4 Cr4 Cr4 Cr6 Cr7 Cr7 CrSign in free for the trailing twelve months
Depreciation18 Cr34 Cr10 Cr33 Cr33 Cr27 Cr30 Cr29 Cr31 Cr40 CrSign in free for the trailing twelve months
Profit before tax581 Cr726 Cr700 Cr559 Cr878 Cr989 Cr928 Cr1,354 Cr1,695 Cr1,973 CrSign in free for the trailing twelve months
Tax %30.9%28.1%30.4%25.8%22.5%24.8%22.1%18.2%24.1%22.5%Sign in free for the trailing twelve months
Net profit402 Cr522 Cr487 Cr415 Cr680 Cr744 Cr723 Cr1,107 Cr1,286 Cr1,529 CrSign in free for the trailing twelve months
EPS (₹)₹6.85₹8.74₹7.94₹6.78₹11.04₹12.00₹11.61₹17.71₹20.34₹24.05Sign in free for the trailing twelve months
Dividend payout %————45.0%70.7%99.0%73.3%93.4%79.0%Sign in free for the trailing twelve months
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The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital42 Cr612 Cr612 Cr612 Cr617 Cr623 Cr623 Cr630 Cr635 Cr638 Cr
Reserves1,831 Cr1,675 Cr1,958 Cr1,981 Cr2,484 Cr2,856 Cr2,892 Cr3,352 Cr3,578 Cr4,021 Cr
Borrowings——————————
Other liabilities179 Cr284 Cr206 Cr288 Cr291 Cr318 Cr345 Cr393 Cr457 Cr533 Cr
Total liabilities2,051 Cr2,571 Cr2,776 Cr2,881 Cr3,392 Cr3,797 Cr3,861 Cr4,375 Cr4,670 Cr5,192 Cr
Fixed assets (net)9 Cr12 Cr13 Cr9 Cr11 Cr10 Cr12 Cr17 Cr544 Cr604 Cr
CWIP——0.70 Cr2 Cr1 Cr0.05 Cr2 Cr2 Cr4 Cr2 Cr
Investments947 Cr872 Cr1,290 Cr1,885 Cr2,550 Cr2,942 Cr3,023 Cr0 Cr3,324 Cr3,767 Cr
Loans & advances——370 Cr0.86 Cr0.73 Cr0.37 Cr0.05 Cr—0.16 Cr0.03 Cr
Trade receivables43 Cr40 Cr103 Cr59 Cr46 Cr75 Cr97 Cr—71 Cr79 Cr
Cash & bank40 Cr606 Cr30 Cr204 Cr19 Cr48 Cr21 Cr24 Cr27 Cr17 Cr
Other assets1,013 Cr1,041 Cr970 Cr721 Cr765 Cr721 Cr706 Cr4,332 Cr701 Cr723 Cr
Total assets2,051 Cr2,571 Cr2,776 Cr2,881 Cr3,392 Cr3,797 Cr3,861 Cr4,375 Cr4,670 Cr5,192 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——386 Cr605 Cr456 Cr580 Cr584 Cr777 Cr1,200 Cr1,466 Cr
Cash from investing——-35 Cr37 Cr-402 Cr-125 Cr101 Cr-104 Cr-82 Cr-326 Cr
Cash from financing——-359 Cr-468 Cr-239 Cr-426 Cr-712 Cr-671 Cr-1,116 Cr-1,150 Cr
Net cash flow——-7 Cr174 Cr-185 Cr29 Cr-27 Cr3 Cr2 Cr-10 Cr
Free cash flow (OCF − Capex)——378 Cr601 Cr436 Cr573 Cr574 Cr766 Cr661 Cr1,387 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %31.0%31.7%27.2%21.8%28.5%28.6%26.5%34.1%40.4%42.5%
ROE %21.5%22.8%18.9%16.0%21.9%21.4%20.6%27.8%30.5%32.8%
Debtor days1292518162126—1211
Inventory days——00000000
Days payable302612———————
Cash conversion cycle-18-17141816212601211
Debt / equity——0.000.000.00—————
Current ratio6.295.317.49———————
Net debt / EBITDA-0.08-1.14-0.06-0.33-0.03-0.06-0.03-0.02-0.02-0.0092