Inve
IN ⇄ US

Nippon Life India Asset Management share price & results

Nippon Life India Asset Management Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Nippon Life India Asset Management runs mutual funds, ETFs, AIFs, PMS and offshore/GIFT City funds as India's 4th-largest AMC.

Company research is public. Sign in to keep your own companies, notes and cases.

Inve AI Signals on NAM-INDIA
Direct bridge to live research & tools watching Nippon Life India Asset Management Limited
Guidance Hit Rate
11 targets · 33% hit rate 1 achieved · 8 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹1,065.2 −0.37% · −₹4

Last close 6 Nov 2026 · NSE · INR · Source: Inve

Performance +20.8% 1Y

₹0.8k₹0.9k₹1.0k₹1.1k₹1.2kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 4 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 22 Jul 2026Q2 FY27 — 22 Oct 2026

1Y: ₹881.55 on 4 Nov 2025 → ₹1,065.2. High ₹1,251 (21 Aug 2026), low ₹798.95 (27 Jan 2026).

Previous close
₹1,069.2
Market cap
₹60.4k Cr
52-week range
₹798.95 – ₹1,251
One year
+22.88%
Price to earnings (TTM to Sept 2026)
35.78×
Return on equity (TTM to Sept 2026)
35.37%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue796 ₹ crore+21.0% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin68.0 %+3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit324 ₹ crore−6.1% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity35.37 %+3.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin47.44 %+21.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)24.26 %−7.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 8 open · verdicts reflect calls analysed to Q2 FY27.

Nippon Life India Asset Management Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (1 achieved, 2 missed, 8 open).

Delivering on Growth (1/1 achieved), while Operations (2 need watch) is lagging.

TargetOriginal wordingSaidLatest callVerdict
Growth ETF Market ShareMaintain a healthy 20%
Call transcript, Q2 FY26 · 3 Nov 2025		Q2 FY26Q2 FY27:ETF market share was disclosed at 21.12% (up 135 bps YoY) on ETF AUM of INR 2.49 trillion, comfortably above the 20% target.
Call transcript, Q2 FY27 · 22 Oct 2026		Achieved
Operations ESOP Cost (FY26)around INR 46 crores
Call transcript, Q1 FY26 · 28 Jul 2025		Q1 FY26Q2 FY27:Promise deadline passed. Final FY26 ESOP cost remains undisclosed.
Call transcript, Q2 FY27 · 22 Oct 2026		Ghosted
Operations ESOP Cost (FY27)INR 26-27 crores for FY27
Call transcript, Q1 FY26 · 28 Jul 2025		Q1 FY26Q2 FY27:H1 FY27 ESOP expense already reached INR 28 crores (INR 14.55 crores in Q2), breaching the original full-year target of INR 26-27 crores in half a year; full-year FY27 guidance is now ~INR 58 crores.
Call transcript, Q2 FY27 · 22 Oct 2026		Revised Down

Source: Inve Guidance Tracker for Nippon Life India Asset Management Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Nippon Life India Asset Management Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Nippon Life India Asset Management Limited

  • Nippon Life India Asset Management Limited → partners with → DWS (for AIF business).

    Q1 FY27 · Announced · Positive · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    To combine strong domestic presence with Japanese and European access (DWS is the largest asset manager in Europe) to attract foreign money into India, especially for the AIF business.

    “I think it would be too early. We see a very big opportunity there. We have just, you know, we are awaiting regulatory approvals, because as announced by the stock exchange, DWS will be taking 40% stake in our AIF subsidiary. And from our point of view, the key to that is basically, we are very strong domestically in India. We have very strong Japanese access. But Europe access was lower -- and we will become one of the unique asset management companies in India where on one side it will be Europe and one side it will be Japan. And as India, and this is also going to be function of as India becomes more important for global investors, we believe we have a better edge compared to others to get this foreign money into India.”

    Exact commercial direction is not specified; disclosed as a partnership or collaboration.

    Evidence drawer

    Evidence type: Transcript excerpt

    “I think it would be too early. We see a very big opportunity there. We have just, you know, we are awaiting regulatory approvals, because as announced by the stock exchange, DWS will be taking 40% stake in our AIF subsidiary. And from our point of view, the key to that is basically, we are very strong domestically in India. We have very strong Japanese access. But Europe access was lower -- and we will become one of the unique asset management companies in India where on one side it will be Europe and one side it will be Japan. And as India, and this is also going to be function of as India becomes more important for global investors, we believe we have a better edge compared to others to get this foreign money into India.”

    Source company: Nippon Life India Asset Management Limited · Counterparty: DWS (for AIF business) · Call date: 2026-07-22 · Period: Q1 FY27 · Review status: Structured call extraction

  • Nippon Life India Asset Management Limited → partners with → Nippon Life India AIF Management Limited (minority stake).

    Q3 FY26 · Announced · Positive · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Strategic collaboration with DWS Group to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited, aiming for wider collaboration including passive investment products and global distribution.

    “Our Board of Directors at their meeting on November 13, 2025, authorised the Company to enter into a strategic collaboration with DWS Group (a leading European Asset Manager), wherein DWS intends to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited by subscribing to fresh issuance of equity shares. Further, as part of a wider collaboration, NAM India and DWS will also work closely in other areas including passive investment products and global distribution.”

    Exact commercial direction is not specified; disclosed as a partnership or collaboration.

    Evidence drawer

    Evidence type: Transcript excerpt

    “Our Board of Directors at their meeting on November 13, 2025, authorised the Company to enter into a strategic collaboration with DWS Group (a leading European Asset Manager), wherein DWS intends to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited by subscribing to fresh issuance of equity shares. Further, as part of a wider collaboration, NAM India and DWS will also work closely in other areas including passive investment products and global distribution.”

    Source company: Nippon Life India Asset Management Limited · Counterparty: Nippon Life India AIF Management Limited (minority stake) · Call date: 2026-01-29 · Period: Q3 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Nippon Life India Asset Management Limited. Each comparison matches a headwind disclosed by Nippon Life India Asset Management Limited in the same calendar reporting quarter.

  • ₹96.76 cr paid and booked as an exceptional item

    Topic: Regulatory compliance · Regulatory policy · Q2 FY27

    Nippon Life India Asset Management Limited reported: ₹96.76 cr paid and booked as an exceptional item. Management said 'further communication from SEBI is awaited' and would not discuss the alleged non-compliance.

    Reporting period ended 2026-09-30

    47 other companies · Regulatory policy

    HDFC Bank (HDFCBANK) reported (period ended 2026-09-30): LCR at 113% is close to the regulatory minimum of 100% and the bank's target range of 110-120%, potentially limiting aggressive loan growth without further deposit mobilization.

    ICICI Bank (ICICIBANK) reported (period ended 2026-09-30): The bank continues to hold an additional standard asset provision of ₹1,283 crore mandated by the RBI pending completion and regulatory clearance of the remediation review.

    Bajaj Finance Limited (BAJFINANCE) reported (period ended 2026-09-30): Potential transient impact on AUM and NIM if RBI implements a complete ban on revolver loans; company is launching new term loan variants and awaiting final regulations on insurance norms.

    Kotak Mahindra Bank Limited (KOTAKBANK) reported (period ended 2026-09-30): The one-time impact is expected to be under 2% of net worth on April 1. The recurring +12-15 bps credit cost guidance awaits regulatory clarity, expected during Q3.

    Evidence drawer

    Evidence type: Summary paraphrase

    ₹96.76 cr paid and booked as an exceptional item. Management said 'further communication from SEBI is awaited' and would not discuss the alleged non-compliance.

    Source company: Nippon Life India Asset Management Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 47

    Similar commentary provides sector context; it does not establish a business relationship.

Mentions over time

First observed: Q4 2025 · Latest observed: Q2 2026

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q2 202601
Q4 202501

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

NAM-INDIA ₹1,065.2 −0.37%
Guidance Verdict (11 tracked) 1 kept · 8 open· 2 missed
AI Call Brief · Q2 FY27

Nippon Life India Asset Management Limited Q2 FY27

Overview

Symbol
NSE:NAM-INDIA
Exchange
NSE
Currency
INR

What Nippon Life India Asset Management Limited does

Based on the company's own presentations, annual report and earnings calls.

Nippon Life India Asset Management (NAM India), established in 1995 and majority-owned by Japan's Nippon Life Insurance Company, manages investor money across Mutual Funds (branded Nippon India Mutual Fund), Managed Accounts (Alternative Investment Funds and Portfolio Management Services), and an Offshore Business & GIFT City platform. It earns fees for managing these pooled and segregated investment products, distributed through a network of banks, national and mutual fund distributors, and its own digital channels. Its mutual fund range spans active and passive equity, fixed income, hybrid and commodity schemes, including one of the industry's largest ETF line-ups.

Segments

  • Mutual Funds
  • Managed Accounts
  • Offshore Business & GIFT City
Rank among Indian AMCs
4th largest AMC in India (by AUM); No.1 non-bank-sponsored and foreign-owned AMC
Locations / touchpoints
271 offices and touchpoints across India, from Leh to Kanyakumari
Branches
200 branches
Pincodes serviced
97% of India's 19,500+ pincodes
Unique investors
2.38 crore unique investors
Investor folios
3.94 crore folios
Founded 1995Employees 1,203 (2026-03-31) Company website

How the price took the results

Moved an average of ±2.0% across the last 5 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2722 Oct 26796 324+21.0%₹1,000 → ₹976−2.4%
Q1 FY2722 Jul 26767 504+26.4%₹1,166.9 → ₹1,147.9−1.6%
Q4 FY2630 Apr 26739 385+30.3%₹1,028.9 → ₹1,009.95−1.8%
Q3 FY2629 Jan 26705 404+19.9%₹834.8 → ₹861.6+3.2%
Q2 FY263 Nov 25658 345—₹874.8 → ₹881.55+0.8%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

Your own record

Start an Inve Case for Nippon Life India Asset Management Limited

Free account: one company. Everything above stays public.

Write why you follow Nippon Life India Asset Management Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Financial Services companies

PEER COMPARISON
Median ₹60,356 Cr Mkt Cap
₹0 Cr₹25,000 Cr₹50,000 Cr₹75,000 CrNippon Life India Asset Management Limited (NAM-INDIA): ₹60,356 Cr₹60,356 CrNAM-INDIAICICI Prudential Life Insurance Company Limited (ICICIPRULI): ₹63,361 Cr₹63,361 CrICICIPRULIBank of Maharashtra (MAHABANK): ₹62,302 Cr₹62,302 CrMAHABANKIDFC First Bank Limited (IDFCFIRSTB): ₹62,167 Cr₹62,167 CrIDFCFIRSTBL&T Finance Ltd (LTF): ₹60,429 Cr₹60,429 CrLTFBank of India (BANKINDIA): ₹60,265 Cr₹60,265 CrBANKINDIAGeneral Insurance Corporation of India (GICRE): ₹60,053 Cr₹60,053 CrGICREI O B (IOB): ₹58,848 Cr₹58,848 CrIOBRBL Bank (RBLBANK): ₹56,161 Cr₹56,161 CrRBLBANK

All Financial Services companies → · Financial Services earnings growth →

Quick Answers

Frequently asked questions on Nippon Life India Asset Management Limited

Compiled directly from NAM-INDIA's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Nippon Life India Asset Management Limited (NAM-INDIA) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Nippon Life India Asset Management Limited reported revenue of ₹796 Cr, net profit of ₹324 Cr, an operating margin of 68.0%. Diluted earnings per share stood at ₹5.07.

How is Nippon Life India Asset Management Limited (NAM-INDIA) valued today, and what growth does the stock price imply?

Nippon Life India Asset Management Limited (NAM-INDIA) trades at ₹1,065.2, with a market capitalization of ₹60.4k Cr.

Who owns Nippon Life India Asset Management Limited (NAM-INDIA) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 71.7%, FIIs hold 7.0%, DIIs hold 15.6%, Public shareholders hold 5.7%.

Learn to analyse Nippon Life India Asset Management Limited

Guides on how to read this kind of business and the numbers that matter.