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Nippon Life India Asset Management Ltd.

NAM-INDIAFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205042022-03-31yes
TRANSCRIPT202208042022-06-30yes
TRANSCRIPT202210272022-09-30yes
TRANSCRIPT202302062022-12-31yes
COVER_LETTER202305022023-03-31no
COVER_LETTER202308012023-06-30no
TRANSCRIPT202311022023-09-30yes
TRANSCRIPT202402022023-12-31yes
TRANSCRIPT202404292024-03-31yes
TRANSCRIPT202407222024-06-30yes
TRANSCRIPT202410282024-09-30yes
TRANSCRIPT202501272024-12-31yes
TRANSCRIPT202504302025-03-31yes
TRANSCRIPT202507312025-06-30yes
TRANSCRIPT202511032025-09-30yes
TRANSCRIPT202602022025-12-31yes
TRANSCRIPT202604302026-03-31yes
TRANSCRIPT202607232026-06-30yes

NAM-INDIA

files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionnbfc
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,144.90
52-week range798.95 – 1251.0
Return 1M-6.49%
Return 3M0.52%
Return 1Y34.45%
Return 3Y247.26%
Return 5Y161.72%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations767.00
Other income170.00
Total income937.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense139.00
Finance costs2.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.72-0.00
institutions foreign0.07-0.00
institutions domestic0.150.01
mutual funds0.110.01
public0.280.00

Documents on file

ClassMost recentOn file
COVER_LETTER2023-06-302
TRANSCRIPT2026-06-3016

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-06-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations316.00354.00348.00354.00397.00423.00468.00505.00571.00588.00567.00607.00658.00705.00739.00767.00
Other income-17.0062.0040.00117.0078.00107.0092.00131.00121.0015.0023.00146.0037.0075.00-34.00170.00
Total income299.00416.00388.00471.00475.00530.00561.00636.00692.00603.00590.00753.00695.00781.00705.00937.00
Cost of materials consumed0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee benefit expense78.0075.0071.0078.0080.0087.0089.00105.00107.00106.00110.00123.00123.00133.00126.00139.00
Finance costs1.001.001.001.002.002.002.002.002.002.002.002.002.002.002.002.00
Depreciation and amortisation7.008.008.008.007.007.007.007.007.008.009.008.009.0011.0012.0012.00
Other expenses48.0053.0056.0060.0061.0061.0072.0066.0071.0077.0075.0077.0086.0082.0085.00100.00
Total expenses145.00149.00149.00161.00165.00172.00186.00197.00206.00212.00212.00229.00239.00248.00245.00273.00
Profit before exceptional items and tax155.00266.00239.00310.00310.00358.00374.00439.00486.00392.00378.00524.00456.00533.00460.00664.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax155.00266.00239.00310.00310.00358.00374.00439.00486.00392.00378.00524.00456.00533.00460.00664.00
Current tax50.0051.0047.0074.0070.0061.0023.00105.0085.00110.0077.00121.00113.00120.0082.00137.00
Deferred tax-10.0011.00-5.001.00-4.0013.009.002.0041.00-14.002.008.00-1.009.00-7.0025.00
Tax expense40.0062.0041.0075.0066.0074.0031.00107.00126.0096.0079.00128.00111.00129.0075.00161.00
Profit for the period114.00205.00198.00236.00244.00284.00343.00332.00360.00295.00299.00396.00345.00404.00385.00504.00
Profit attributable to owners114.000.000.00236.00244.00284.000.00332.00360.00295.00299.00396.00345.00404.00385.00504.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Other comprehensive income-3.000.000.00-3.00-0.000.001.00-4.00-0.00-1.00-0.00-4.000.001.000.00-1.00
Total comprehensive income111.00205.00198.00233.00244.00285.00344.00328.00360.00295.00299.00392.00345.00405.00385.00503.00
Earnings per share, basic1.843.293.183.783.924.545.455.275.694.664.716.245.426.346.047.89
Earnings per share, diluted1.823.273.173.773.914.485.375.185.604.584.656.135.326.225.937.75
Interest earned0.000.000.00———————0.000.000.000.000.000.00
Fees and commission income0.000.000.00———————0.000.000.000.000.000.00
Net gain on fair value changes0.000.000.00———————0.000.000.000.000.000.00
Dividend income0.000.000.00———————0.000.000.000.000.000.00
Rental income0.000.000.00———————0.000.000.000.000.000.00

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations1,479.001,203.001,062.001,307.001,350.001,643.002,231.002,709.00
Other income171.00-10.00357.00229.00167.00394.00290.00224.00
Total income1,650.001,193.001,419.001,536.001,517.002,037.002,521.002,933.00
Cost of materials consumed0.000.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.00
Employee benefit expense293.00302.00271.00290.00300.00336.00429.00505.00
Finance costs0.006.004.004.004.006.007.007.00
Depreciation and amortisation10.0033.0033.0027.0030.0029.0031.0040.00
Other expenses646.00222.00190.00174.00205.00252.00288.00330.00
Total expenses950.00633.00542.00547.00589.00685.00826.00961.00
Profit before exceptional items and tax700.00560.00877.00989.00928.001,352.001,694.001,972.00
Exceptional items0.000.000.000.000.000.000.000.00
Profit before tax700.00560.00877.00989.00928.001,352.001,694.001,972.00
Current tax217.00142.00157.00207.00212.00228.00378.00435.00
Deferred tax-4.002.0040.0039.00-7.0019.0031.009.00
Tax expense213.00144.00198.00245.00205.00246.00409.00444.00
Profit for the period487.00415.00680.00744.00723.001,107.001,286.001,529.00
Profit attributable to owners486.00415.00680.00744.000.000.001,286.001,529.00
Profit attributable to non-controlling interests1.000.000.000.000.000.000.000.00
Other comprehensive income-2.00-2.001.00-0.00-2.00-1.00-5.00-3.00
Total comprehensive income485.00413.00681.00744.00721.001,106.001,282.001,526.00
Earnings per share, basic7.946.7811.0412.0011.6117.7120.3424.05
Earnings per share, diluted7.946.6910.9011.8011.5317.5320.0323.63
Interest earned—0.000.000.000.00—0.000.00
Fees and commission income—0.000.000.000.00—0.000.00
Net gain on fair value changes—0.000.000.000.00—0.000.00
Dividend income—0.000.000.000.00—0.000.00
Rental income—0.000.000.000.00—0.000.00

Balance sheet, as filed

Line2023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets3,861.003,927.004,375.004,531.004,670.004,892.005,192.00
Property, plant and equipment12.0013.0017.0022.00544.00545.00604.00
Capital work-in-progress2.002.002.003.004.0031.002.00
Goodwill0.000.000.000.000.000.000.00
Other intangible assets293.00314.00314.00314.00242.00319.00312.00
Inventories0.000.000.000.000.000.000.00
Cash and cash equivalents21.0011.0024.0011.0027.0012.0017.00
Total equity and liabilities3,861.003,927.004,375.004,531.004,670.004,892.005,192.00
Equity3,516.003,567.003,982.004,068.004,213.004,383.004,659.00
Equity share capital623.00625.00630.00633.00635.00637.00638.00
Other equity2,892.002,942.003,352.003,434.003,578.003,747.004,021.00
Total liabilities—360.00393.00464.00457.00508.00533.00

Cash flow, as filed

Line2022-03-312023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities580.00584.00287.00777.00465.001,200.00584.001,466.00
Net cash from investing activities-125.00101.00146.00-104.00152.00-82.00-1.00-326.00
Net cash from financing activities-426.00-712.00-443.00-671.00-630.00-1,116.00-597.00-1,150.00
Purchase of property, plant and equipment7.0010.004.0012.0010.00539.007.0079.00
Net increase in cash29.00-27.00-10.003.00-13.002.00-14.00-10.00
con:CFO.BEFORE_TAX789.00753.00398.001,028.00635.001,575.00756.001,903.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:CF_OTHER.OPERATING-209.00-169.00-111.00-251.00-170.00-375.00-172.00-437.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS0.000.000.000.000.001.000.000.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group73.6673.6473.4773.1072.8672.6672.4972.4372.3272.250.720.720.720.72
Domestic institutions9.4110.2414.5714.1914.4014.3513.4813.0212.8013.450.130.140.150.15
Mutual funds—————————8.850.080.090.100.11
Insurance companies6.617.296.496.606.735.894.834.354.484.110.040.050.050.04
Foreign institutions4.964.845.065.545.486.567.738.298.347.600.080.080.070.07
Public26.3426.3626.5326.9027.1427.3427.5127.5727.6827.750.280.280.280.28
Non-institutional11.9811.276.907.187.266.446.316.266.536.700.070.060.060.06
Shares outstanding623175443623300286624793689627966123629998730631763548633227966633737744634702632635354638636646816637091750638115996639295897

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Nippon Life India AIF Management LimitedWholly-owned SubsidiaryAny other transaction, Inter-corporate deposit, Inte737,100,000.007
Remuneration payable to Key Management Personnel (KMP)Key Management PersonnelRemuneration290,700,000.001
Nippon Life India Asset Management (Singapore) Pte. LimitedWholly-owned SubsidiaryAny other transaction, Sale of goods or services83,100,000.002
Nissay Asset Management LimitedSubsidiary of Holding CompanyPurchase of goods or services, Sale of goods or serv48,200,000.002
Reliance Nippon Life Insurance Company LimitedAssociate of Holding CompanyAny other transaction23,400,000.003
Mr. Ved MalikDirectorAny other transaction3,700,000.001
Mr. Ashvin ParekhDirectorAny other transaction3,600,000.001
Mr B SriramDirectorAny other transaction3,600,000.001
Mr. U K SinhaDirectorAny other transaction3,400,000.001
Ms. Ameeta ChatterjeeDirectorAny other transaction3,300,000.001
Nippon Life India Pvt LtdFellow SubsidiaryAny other transaction800,000.001
Mr. Manu ChadhaDirector of Subsidiary CompanyAny other transaction500,000.001
Mr. Sunil SrivastavDirector of Subsidiary CompanyAny other transaction500,000.001
Reliance Capital Pension Fund Limited (RCPFL)Associate CompanyAny other transaction200,000.001
Nippon Life India Trustee Limited (NLITL)Fellow SubsidiaryAny other transaction200,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-23Q1FY27SERVICES LIMITEDRead the call
2026-04-30Q4FY26SERVICES LIMITEDRead the call
2026-02-02Q3FY26Read the call
2025-11-03Q2FY26Read the call
2025-07-31Q1FY26Read the call
2025-04-30Q4FY25Read the call
2025-01-27Q3FY25Read the call
2024-10-28Q2FY25Read the call
2024-07-22Q1FY25Read the call
2024-04-29Q4FY24OF NIPPON LIFERead the call
2024-02-02Q3FY24OF NIPPON LIFERead the call
2023-11-02Q2FY24Read the call
2023-02-06Q3FY23Excellence OfficerRead the call
2022-10-27Q2FY23Excellence OfficerRead the call
2022-08-04Q1FY23Excellence OfficerRead the call
2022-05-04Q4FY22InsuranceRead the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY23Q3FY24Q3FY25Q3FY26Q4FY22Q4FY24Q4FY25Q4FY26
Capital allocation—It will not have so much impact because the new money comes in at the latest rate and the cost of acquisition is higher so probably when you look at t…Now we are at around INR 3,300 crores is primarily dividend nothing else?—The first question is in terms of dividend policy.———
Costs————————
Debt and cash————————
Demand——And in terms of the product pipeline, I mean, you told they have launched a couple of the things in the passive side are now say going next two to thr…And Ankit, also to add to what Parag mentioned, over the last 2-3 years, as I have always mentioned, irrespective if it is not the regulator, whether …The first is if you look at our B30 share as a share of our own AUM and if they compare it to the industry trend, the gap between us and the industry …——And so, what will be the numbers, what will be the AUM we do not know, but we clearly feel this is a product and a category there is a demand for that…
GuidanceSo if MF AUM mix remains the same on a Q-o-Q basis for the next quarter, then should we expect similar yields and same yields or even in the next quar…Firstly, on the yield bit again; you have been maintaining this two-three basis points fall which is likely to continue, how long could we expect this…And when exactly in the quarter, you have done that and should we expect some favorable impact on the yields in the coming quarter as well?I think you mentioned the guidance of 15% growth in overall expenses.Should we expect that to kind of moderate going forward or how should one look at it?—Second is, you mentioned about the expenses being in line with your guidance, how do you see our expenses in FY '26 and it would be great if you could…And my last question will be on the expenses front, overall expenses, you know, you've been guiding about a 15% growth in overall expenses.
MarginSo if you receive your new flows from IFAs and from B30 cities, those are more profitable, more sticky and more granular AUMs where we make slightly m…———Whatever decline in yield would be there, the operating leverage will take care of it.So, Prayesh, broadly from our perspective, we have been seeing in past also more operating leverage.—First of all, on the yield movement this particular quarter, just wanted to understand whether this is primarily a product mix shift towards the ETFs …
People————————
Pricing—This is because of telescopic pricing formula of the SEBI defined slabs and this is also due to the increase in the share of new assets which come at …What I want to understand is, is pricing better at a console level for the entity if money comes in from this route?—So would pricing be a major lever to drive the AUM growth?———
Revenue growth—How much of it is linked to revenue growth or in a market correction, will this impact our P&L?But directionally, you can expect more positive flows come into an addition top line and bottom line.Could you also give us a share in terms of the topline, like how much of the revenues do come from these two segments?So going forward, you will continue to see asset growth is faster than the revenue growth, that is likely to happen.——See, what we are seeing is that the Fintech platforms are definitely aiding growth of the SIP book in the industry.