|
14 Jul 2025 |
Nippon Life Asset Mgmt
|
Consensus Share Price Target
|
807.00 |
772.05 |
- |
-4.33 |
buy
|
|
|
|
|
01 Nov 2023
|
Nippon Life Asset Mgmt
|
ICICI Securities Limited
|
807.00
|
411.00
|
383.90
(110.21%)
|
Target met |
Accumulate
|
|
|
A combination of overall industry AUM growth, strong retail franchise and good fund performance has driven significant market share gains for Nippon Life AM (NAM) in equity (30bps in H1FY24), SIP flows (300bps in H1FY24) and SIP book (46bps in H1FY24).
|
|
31 Oct 2023
|
Nippon Life Asset Mgmt
|
Keynote Capitals Ltd
|
807.00
|
380.00
|
391.45
(106.16%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q2FY24
|
|
31 Oct 2023
|
Nippon Life Asset Mgmt
|
Axis Direct
|
807.00
|
430.00
|
391.45
(106.16%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
31 Jul 2023
|
Nippon Life Asset Mgmt
|
ICICI Securities Limited
|
807.00
|
364.00
|
318.95
(153.02%)
|
Target met |
Accumulate
|
|
|
We factor in 17.4% AAUM CAGR between FY23-25E and overall revenue yield to decline from 45.9bps in FY23 to 44.8bps in FY24E to 42.8bps in FY25E leading to a revenue CAGR of 13% during the same period. We expect total opex CAGR of 11.1%, resulting in ~14.2/13.7% core EBITDA/PAT CAGR over FY23-25E.
|
|
28 Jul 2023
|
Nippon Life Asset Mgmt
|
Keynote Capitals Ltd
|
807.00
|
330.00
|
318.95
(153.02%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q1FY24
|
|
28 Jul 2023
|
Nippon Life Asset Mgmt
|
Axis Direct
|
807.00
|
360.00
|
318.95
(153.02%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
28 Jul 2023
|
Nippon Life Asset Mgmt
|
BOB Capital Markets Ltd.
|
807.00
|
365.00
|
318.95
(153.02%)
|
Target met |
Buy
|
|
|
QAAUM growth strong at 12% YoY in Q1 fuelled by 20% share of industry-wide net equity flows (ex-arbitrage and index)
|
|
28 Apr 2023
|
Nippon Life Asset Mgmt
|
Sharekhan
|
807.00
|
265.00
|
238.90
(237.80%)
|
Target met |
Hold
|
|
|
|
|
27 Apr 2023
|
Nippon Life Asset Mgmt
|
Axis Direct
|
807.00
|
277.00
|
236.70
(240.94%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
27 Apr 2023
|
Nippon Life Asset Mgmt
|
ICICI Securities Limited
|
807.00
|
256.00
|
236.70
(240.94%)
|
Target met |
Accumulate
|
|
|
Nippon Life Asset Management (NAM) has reported 2% QoQ decline in EBITDA (ex-other income) due to 0.8bps QoQ decline in yields. However, as a trend, quarterly EBITDA has broadly ranged around Rs2bn for seven quarters now.
|