Nippon Life India Asset Management Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NAM-INDIA, BSE:540767 Nippon Life India Asset Management Ltd.

Nippon Life India Asset Management Ltd.

18 May 2020

800.60

-1.15%

Nippon Life India AMC Ltd

Buy: Nippon Life India Asset Ma...

Target

ICICI Securities Limited

Nippon Life India AMC (Nippon) reported weak earnings, primarily led by MTM losses on investments. Regressive AUM growth, amid Covid-19, kept the topline under pressure with the outlook being a bit uncertain. Industry AUM declined to | 22.3 lakh crore as of March 2020 vs. | 26.5 lakh crore as of December 2019. Equity segment saw a decline of ~24% QoQ to | 8.3 lakh crore, led by a correction in markets. Debt, liquid schemes saw ~7%, ~11% QoQ, respectively, decline in AUM due to outflows in the...

Nippon Life India Asset Management Ltd. is trading above its 200 day SMA of 684.3

Nippon Life India Asset Management Ltd.

18 May 2020

800.60

-1.15%

Result Update:Nippon Life Ind.

Hold: Nippon Life India Asset Ma...

Target

Axis Direct

NAM reported PAT of Rs 3.7cr, down from Rs 151/149cr YoY/QoQ on account of MTM hit. Other income was negative due to sharp correction on investments in equity AUM resulting in gross MTM loss of Rs 149cr.

Nippon Life India As.. has an average target of 793.57 from 7 brokers.

Nippon Life India Asset Management Ltd.

24 Apr 2020

800.60

-1.15%

Nippon Life India Asset Management Ltd

Buy: Nippon Life India Asset Ma...

Rudra Shares and Stock Brokers Ltd

The current situation demands for investment opportunities in various stocks/sectors that one can look into. Due to COVID 19 pandemic, valuations for several mid to large cap stocks corrected significantly making them lucrative. And expect to remain volatile unless issue comes under control. Thus, at this juncture when market shambles and sentiments still fragile, it is prudent to invest in a well-diversified portfolio consisting of...

Nippon Life India Asset Management Ltd. is trading above its 200 day SMA of 684.3

Nippon Life India Asset Management Ltd.

24 Jan 2020

800.60

-1.15%

Nippon Life India Asset Management (3QFY20): Market share recovery priced in! Maintain NEUTRAL

Neutral: Nippon Life India Asset Ma...

Target

HDFC Securities

We are concerned about the loss of investor confidence which debt schemes face given significant write-downs/offs on exposures to stressed corporates. While we are hopeful of the market share re-gain, we believe the recovery will take longer than street expectations. Lastly despite our positive bias towards Nippon Life as sole promoter, increased credibility to raise HNI/institutional capital, and valuation discount (26.8% on FY21E P/E) to HDFCAMC, we retain NEUTRAL with an unchanged TP of Rs 321 (30x Dec-21E NOLPAT + cash). NAM printed a broadly in-line 3QFY20, with core operating profits of Rs 1.36bn (+24.7/0.2% YoY/QoQ, 2.3% miss). Higher other income (79.7% beat!) drove profitability to Rs 1.49bn (+36.3/21.7% YoY/QoQ, 13.8% beat).

Nippon Life India Asset Management Ltd. is trading below its 30 day SMA of 816.8

Nippon Life India Asset Management Ltd.

24 Jan 2020

800.60

-1.15%

Reliance Nippon Life Asset Management Ltd

Buy: Nippon Life India Asset Ma...

ICICI Securities Limited

Nippon India AMC reported a broadly stable set of numbers with flat AUM growth but supported by healthy operational performance. QAAUM growth was at | 204370 crore (up 1% QoQ) on the back of growth in liquid (up 200 bps QoQ) and equity AUM (up 100 bps QoQ). Share of equity in AUM was at 44% with non-equity at 66%. SIP inflow witnessed a marginal dip at | 838 crore in Q3FY20 compared to | 842 crore in Q3FY19. Sequential flat revenue from operations at | 286 crore due to sluggish AUM growth, was offset by strong growth in other income (up 140% QoQ at | 57...

Nippon Life India Asset Management Ltd. has gained 25.19% in the last 3 Months

Nippon Life India Asset Management Ltd.

18 Nov 2019

800.60

-1.15%

Result Update:Reliance Nip.Lif

Hold: Nippon Life India Asset Ma...

Target

Axis Direct

RNAM posted MF AUM decline of 16% YoY to Rs 188,600cr led by loss of business on the institutional/ HNI front. Standalone Net revenue declined 25% YoY, Operating profits grew 3% and PAT grew 22% YoY to Rs 134cr.

Nippon Life India Asset Management Ltd. is trading below its 30 day SMA of 816.8

Nippon Life India Asset Management Ltd.

25 Oct 2019

800.60

-1.15%

Reliance Nippon Life Asset Management (2QFY20): In-line except for AuM. Maintain NEUTRAL

Neutral: Nippon Life India Asset Ma...

Target

HDFC Securities

We are concerned about the loss of investor confidence which debt schemes face given significant write-downs/offs on exposures to stressed corporates. Lastly, the macro environment remains challenging and thus despite our positive bias towards Nippon Life as sole promoter, increased credibility to raise HNI/institutional capital, and valuation discount (26.7% on FY21E P/E) to HDFCAMC, we retain NEUTRAL with a revised Sep-20E TP of Rs 260 (24x Sep-21E NOLPAT + cash). RNAM printed an in-line 2QFY20 with revenues at Rs 3bn (23.2/7.7% YoY/QoQ), and operating profit at Rs 1.35bn (5.2/-6.4% YoY/QoQ, -1.9% vs. est.). We remain concerned of the 13.3% QoQ decline in debt QAAUM.

Nippon Life India As.. has an average target of 793.57 from 7 brokers.

Nippon Life India Asset Management Ltd.

30 Jul 2019

800.60

-1.15%

Reliance Nippon Life Asset Management (1QFY20): Testing times ahead. Downgrade to NEUTRAL

Neutral: Nippon Life India Asset Ma...

Recommendation Target

HDFC Securities

We are concerned about the loss of investor confidence which debt schemes face given significant write-downs/offs on exposures to stressed corporates. Additionally, given the current inter-promoter deal structure, we believe an OFS by RCAP is imminent. Lastly, the macro environment remains challenging and thus despite our positive bias towards Nippon Life as sole promoter, increased credibility to raise HNI/institutional capital, and valuation discount (37% on FY21E P/E) to HDFCAMC, we cut multiple to 22x (from 26x) to Jun-21E NOPLAT and downgrade stock to NEUTRAL with a revised Jun-20E TP of Rs 235 (22x Jun-21E NOLPAT + cash). While 1QFY20 revenues were in-line, RNAM printed a 14.1/-9.2% YoY/QoQ APAT of Rs 1.25bn, largely due to lower other income.

Nippon Life India Asset Management Ltd. has gained 33.51% in the last 6 Months

Nippon Life India Asset Management Ltd.

27 May 2019

800.60

-1.15%

Result Update:Reliance Nip.Lif

Hold: Nippon Life India Asset Ma...

Recommendation Target

Axis Direct

Retail AUM trends remains strong: During Q4FY19, overall MF AUM for RNAM remained flat as growth in equity schemes and ETFs was offset by a decline in debt and liquid AUM.

Prabhudas Lilladhar increased Buy price target of Nippon Life India Asset Management Ltd. to 860.0 on 29 Jul, 2025.

Nippon Life India Asset Management Ltd.

30 Apr 2019

800.60

-1.15%

Reliance Nippon Life Asset Management (4QFY19): Opex control drives strong beat. Maintain BUY

Buy: Nippon Life India Asset Ma...

Target

HDFC Securities

We are encouraged by the cost control shown in 4QFY19 and hope that it continues into the future. Additionally, we are excited by the prospects of exit of ADAG as promoter, which we believe will aid fund raising from HNIs and institutions. We revise our FY20E/21E EBIT estimates upwards by 14.5/9.1%. Led by a 47.1/25.6% YoY/QoQ drop in other expenses RNAM reported an EBITDA of Rs 1.14bn (+4.5/19.7% YoY/QoQ) and 17.7% above our estimates. We expect exit of ADAG to positively impact both performance. We value RNAM at 26x on its FY21E NOPLAT + value of investments to arrive at TP of Rs 254 (+29.7%) i.e. 5.5% of FY21E AUM.

Prabhudas Lilladhar increased Buy price target of Nippon Life India Asset Management Ltd. to 860.0 on 29 Jul, 2025.

Is Nippon Life Asset Management Ltd. worth buying?

465 Votes:

Buy 81.29%

Sell 8.82%

Hold 9.89%

RESEARCH REPORTS

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