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Not investment advice. Data and computed figures, for information only.

Nippon Life India Asset Management Ltd

NSE: NAM-INDIAF&O
₹1,088.80
+₹31.50 (+2.98%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹66,884 Cr
CMP
₹1,088.80
52-wk High / Low
₹1,270 / 796
P/E
40.9
P/B
14.3
Book Value
₹73.0
Div Yield
2.06%
ROCE
44.0%
ROE
34.5%
Face Value
₹10
D/E
0.02

Price+24.9% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹198
√(22.5 × EPS × book value per share)
ROIC
32.3%
vs 10.0% sector median
Cash flow to profit
0.96
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+231
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.4%
ROE × earnings retention ratio
ROE stability
4.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.13FII −0.31DII +0.72
Latest quarter vs the previous one
Cash-accrual divergence
1.3%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 27% vs the 2023 sector median of 13%)
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 2.1pp over the last year
Watch-outs
−Borrowings are up 150% since FY2016 (30 to 75)
−Promoter holding fell by 1.9pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales354397423468505571588567607658705739767
Expenses152156164178189197202201218229235232259
Operating Profit202241259291316374386365388430470507508
OPM %57.1%60.7%61.2%62.2%62.6%65.5%65.6%64.4%63.9%65.3%66.7%68.6%66.2%
Other Income117781079213112115231463775−34170
Interest1222222222222
Depreciation8777778989111212
Profit before tax310310358374439486392378524456533460664
Net Profit236244284343332360295299396345404385504
EPS (₹)3.783.914.535.445.265.694.664.706.235.416.346.037.88

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9511,3111,4351,7351,6471,1921,4191,5331,5122,0362,5182,9242,869
Expenses4847878371,082940594505516555649789914954
Operating Profit4685245986537075989141,0179571,3861,7292,0101,915
OPM %49.2%40.0%41.7%37.6%42.9%50.2%64.4%66.3%63.3%68.1%68.7%68.7%66.7%
Other Income3311431125239249
Interest0002064446777
Depreciation74189103333273029314044
Profit before tax4645225816567005608779899281,3521,6941,9722,113
Net Profit3543964024574874156807447231,1071,2861,5291,637
EPS (₹)307.69344.12348.927.457.946.7811.0411.9611.6117.5820.2723.9725.66

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %30.031.032.031.028.022.031.030.027.036.041.044.0
ROE %———————————34.5
EPS (₹)307.69344.12348.927.457.946.7811.0411.9611.6117.5820.2723.97
Book Value (₹)———————————73.0
Face Value (₹)———————————10
P/E———————————40.9
Div Yield %———————————2.06
NPM %37.130.128.026.129.534.847.948.547.754.351.052.1
OPM %49.040.042.038.043.050.064.066.063.068.069.069.0
D/E0.020.020.020.000.000.000.000.000.000.020.020.02
P/B———————————14.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+16.0%
3 years+25.0%
TTM+23.0%
Compounded profit growth
10 years+14.0%
5 years+18.0%
3 years+28.0%
TTM+21.0%
Stock price CAGR
5 years+18.0%
3 years+40.0%
Last year+20.0%
Return on equity
10 years25.0%
5 years28.0%
3 years32.0%
Last year34.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters85.75%85.75%85.75%75.92%74.46%73.80%73.66%72.86%72.32%71.93%71.80%
FIIs3.24%3.24%2.98%5.26%5.92%6.69%4.95%5.49%8.34%7.35%7.04%
DIIs7.27%7.27%6.80%6.72%6.70%8.83%9.41%14.40%12.81%14.77%15.49%
Government———————————
Public3.74%3.74%4.47%12.10%12.92%10.68%11.97%7.26%6.53%5.95%5.67%
No. of shareholders82,44882,44882,0471,63,5561,67,5431,69,2181,88,7221,86,1662,14,8352,08,5962,00,154
Change since Jun 2023 (pp)
Promoters −13.95FIIs +3.80DIIs +8.22Public +1.93

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTJul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 25 Jun 2026
25 Jun 2026DIVIDENDDividend - Rs 12.50 Per Share—
6 Nov 2025DIVIDENDInterim Dividend - Rs 9 Per Share—
4 Jul 2025DIVIDENDDividend - Rs 10 Per Share—
6 Nov 2024DIVIDENDInterim Dividend - Rs 8 Per Share—
28 Jun 2024DIVIDENDDividend - Rs 11 Per Share—
9 Nov 2023DIVIDENDInterim Dividend - Rs 5.50 Per Share—
30 Jun 2023DIVIDENDDividend - Rs 7.50 Per Share—
1 Nov 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
30 Jun 2022DIVIDENDDividend - Rs 7.50 Per Share—
8 Nov 2021DIVIDEND Interim Dividend - Rs 3.50 Per Share—
10 Jun 2021DIVIDEND Dividend - Rs 5 Per Share—
5 Feb 2021DIVIDEND Interim Dividend - Rs 3.00 Per Share—
29 Jun 2020DIVIDEND Dividend - Rs 2 Per Share—
3 Feb 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
9 May 2019DIVIDEND Interim Dividend - Rs 3 Per Share—
31 Jan 2019DIVIDEND Interim Dividend - Rs 3 Per Share—
12 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 1 Per Share—
31 Jan 2018DIVIDEND Interim Dividend - Rs 5 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman