| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 796 | 658 | +20.9% |
| EBITDA | 537 | 430 | +25.1% |
| EBITDA margin | 67.5% | 65.3% | +2.3 pts |
| Profit before tax | 450 | 456 | −1.3% |
| Net profit | 324 | 345 | −5.9% |
| EPS | ₹5.07 | ₹5.42 | −6.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 58,867 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 8.9 | 16.6 | 26.6 | 24.2 | 21.3 | ||
| 58,858 | — | — | — | — | ||
| 3,007 | 2,709 | 2,231 | 1,643 | 1,350 | ||
| — | +21.4% | +35.8% | +21.7% | — | ||
| 2,023 | 1,795 | 1,442 | 994 | 795 | ||
| 67.3% | 66.3% | 64.6% | 60.5% | 58.9% | ||
| 1,975 | 1,755 | 1,411 | 965 | 765 | ||
| 1,617 | 1,529 | 1,286 | 1,107 | 723 | ||
| 53.8% | 56.5% | 57.7% | 67.4% | 53.6% | ||
| ₹25.34 | ₹23.97 | ₹20.16 | ₹17.35 | ₹11.34 | ||
| — | +18.9% | +16.2% | +53.1% | — | ||
| — | 1,466 | 1,200 | 777 | 584 | ||
| — | −79.0 | −539 | −11.9 | −10.4 | ||
| 1,387 | 1,387 | 661 | 766 | 574 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 58,866.6 | |
| - Cash, Equiv & ST Investments | 21.3 | 24.2 | 26.6 | 16.6 | 8.9 | |
| Enterprise Value | — | — | — | — | 58,857.7 | |
| Revenue | 1,349.8 | 1,643.2 | 2,230.7 | 2,708.7 | 3,006.6 | |
| Growth %, YoY | — | +21.7 | +35.8 | +21.4 | — | |
| EBITDA | 794.7 | 993.7 | 1,441.6 | 1,794.9 | 2,022.5 | |
| Margin % | 58.88 | 60.48 | 64.63 | 66.26 | 67.27 | |
| EBIT | 764.9 | 964.6 | 1,411.0 | 1,754.6 | 1,975.1 | |
| Net Income | 723.3 | 1,107.3 | 1,286.4 | 1,529.4 | 1,616.7 | |
| Margin % | 53.59 | 67.39 | 57.67 | 56.46 | 53.77 | |
| EPS, Adj (current shares) | 11.34 | 17.35 | 20.16 | 23.97 | 25.34 | |
| Growth %, YoY | — | +53.1 | +16.2 | +18.9 | — | |
| Cash from Operations | 584.1 | 777.5 | 1,199.5 | 1,466.0 | — | |
| Capital Expenditures | -10.4 | -11.9 | -538.5 | -79.0 | — | |
| Free Cash Flow | 573.7 | 765.6 | 661.0 | 1,387.1 | 1,387.1 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Nippon Life India Asset Management (NSE: NAM-INDIA) had a market capitalisation of ₹59,133 crore at the 29 October 2026 close (₹923.90 a share), a PE ratio of 36.6 on the last four quarters' profit and a price-to-book ratio of 12.40. In FY26 its consolidated net profit was ₹1,529 crore on revenue of ₹2,709 crore; in Q2 FY27 (July–September 2026) it was ₹324 crore, down 5.9% year on year. It had no borrowings on 30 September 2026. Promoters held 71.72% of the shares on 30 September 2026.
Nippon Life India Asset Management's PE ratio is 36.6 at the 29 October 2026 close (₹923.90 a share): a market capitalisation of ₹59,133 crore divided by consolidated net profit of ₹1,617 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,529 crore) it is 38.7.
Nippon Life India Asset Management's price-to-book (PB) ratio is 12.40 at the 29 October 2026 close: a market capitalisation of ₹59,133 crore divided by shareholders' equity (book value) of ₹4,770 crore on 30 September 2026. That is a book value of ₹74.53 per share against a share price of ₹923.90.
Nippon Life India Asset Management's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,770 crore on 30 September 2026, up 8.8% from ₹4,383 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹59,133 crore at the 29 October 2026 close.
Nippon Life India Asset Management's market capitalisation was ₹59,133 crore at the 29 October 2026 close: 64 crore shares at ₹923.90 each.
Yes. Nippon Life India Asset Management had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹311 crore of cash, bank balances and current investments.
Nippon Life India Asset Management's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹4,770 crore. A year earlier, on 30 September 2025, it was 0.00.
In FY26, Nippon Life India Asset Management's return on equity (ROE) was 34.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year). In FY25, ROE was 31.4%.
Nippon Life India Asset Management's basic earnings per share (EPS) were ₹24.05 in FY26, against ₹20.34 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹25.34.
In 2026, Nippon Life India Asset Management has declared two dividends totalling ₹22 a share: ₹12.50 with record date 26 June 2026 and ex-date 25 June 2026 and ₹9.50 (interim) with record date 28 October 2026.
Nippon Life India Asset Management's book value per share was ₹74.53 on 30 September 2026: shareholders' equity of ₹4,770 crore divided by the 64 crore shares in issue, up 8.2% from ₹68.85 a year earlier. The share price at the 29 October 2026 close was ₹923.90.
Promoters held 71.72% of Nippon Life India Asset Management on 30 September 2026, down 0.08 percentage points from 71.80% the previous quarter and down 0.38 percentage points from 72.10% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Nippon Life India Asset Management generated ₹1,466 crore of cash from operations and spent ₹79 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,387 crore. In FY25 it was ₹661 crore.
Nippon Life India Asset Management's dividend yield is 3.36% at the 29 October 2026 close: dividends of ₹31 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹923.90. They were ₹9.50 on 28 October 2026 (interim), ₹12.50 on 25 June 2026 and ₹9 on 6 November 2025 (interim).
Nippon Life India Asset Management's latest results are for Q2 FY27 (July–September 2026), filed on 22 October 2026: consolidated net profit ₹324 crore, down 5.9% from ₹345 crore in Q2 FY26; revenue from operations ₹796 crore, up 20.9% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, Nippon Life India Asset Management's PE ratio is 38.7, the highest of the four: HDFC AMC 34.8, UTI Asset Management 26.2 and Aditya Birla Sun Life AMC 25.1, a peer average of 28.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On 30 September 2026, Nippon Life India Asset Management's shares were held by promoters 71.72%, foreign portfolio investors (FII/FPI) 7.05%, domestic institutions (DII) 15.56% (including mutual funds at 12.16%) and retail and other non-institutional investors 5.67%. Over the year, FII holding was down 0.59 percentage points from 7.64% and DII holding was up 2.60 percentage points from 12.96%.
In FY26 (April 2025–March 2026), Nippon Life India Asset Management's consolidated net profit was ₹1,529 crore, up 18.9% from ₹1,286 crore in FY25, on revenue from operations of ₹2,709 crore (up 21.4%). Over three years, from FY23, net profit was up 111.4%.
In FY26, Nippon Life India Asset Management earned net profit of ₹1,529 crore on revenue of ₹2,709 crore, against ₹2,858 crore on ₹4,122 crore for HDFC AMC. Nippon Life India Asset Management's operating margin was 64.8% (HDFC AMC 78.2%) and its return on equity 34.5% (HDFC AMC 32.9%). At the 29 October 2026 close, Nippon Life India Asset Management's market capitalisation was ₹59,133 crore against ₹99,405 crore for HDFC AMC, and its PE ratio on FY26 profit 38.7 against 34.8.
Nippon Life India Asset Management has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against HDFC AMC, UTI Asset Management and Aditya Birla Sun Life AMC: Nippon Life India Asset Management's operating margin of 64.8% is the second highest of the four (HDFC AMC 78.2%, UTI Asset Management 44.6%, Aditya Birla Sun Life AMC 57.4%; peer average 60.1%); its return on equity of 34.5% is the highest of the four (HDFC AMC 32.9%, UTI Asset Management 8.9%, Aditya Birla Sun Life AMC 25.1%; peer average 22.3%); its revenue growth over three years of 26.1% a year is the highest of the four (HDFC AMC 23.9% a year, UTI Asset Management 10.3% a year, Aditya Birla Sun Life AMC 14.6% a year; peer average 16.3% a year).
From Nippon Life India Asset Management's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.