Buy Nippon Life India Asset Management; target of Rs 800: Sharekhan

Sharekhan's research report on Nippon Life India Asset Management

Core performance was largely in line with core PBT rising 26% y-o-y/ down 6% q-o-q. Lower yields were offset by better growth. MF QAAUM grew by 29% y-o-y/ down 2% q-o-q (vs estimates of 4% q-o-q decline). Blended revenue yields fell to 40.7 bps versus 41.3 bps q-o-q / 43.4 bps y-o-y led by lower equity mix q-o-q. Core revenues grew by 21% y-o-y/ down 4% q-o-q. Higher mark-to-market equity declines caused a 4.7% q-o-q drop in equity QAAUM despite strong SIP inflows in Q4FY25.

Outlook

We maintain a Buy with an unchanged PT of Rs. 800. At CMP, the stock trades at 26.4x/ 22.8x its FY2026E/ FY2027E EPS.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nippon Life India Asset Management - 30042025 - khan