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Commentary (9 May 2024 @ 06:00):

Nippon Life Asset Management Limited is a publicly owned investment manager. The firm launches and manages equity and fixed income mutual funds for its clients...

Stats
Today's Volume	799 401
Average Volume	1.11M
Market Cap	362.28B
EPS	INR0 ( 2024-04-24 )
Next earnings date	( INR0 ) 2024-07-24
Last Dividend	INR7.50 ( 2023-06-29 )
Next Dividend	INR0 ( N/A )
P/E	32.80
ATR14	INR0.519 (0.09%)

Volume Correlation

Long: 0.10 (neutral)

Short: 0.38 (neutral)

Signal:(7.965) Neutral

Nippon Life India Asset Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Nippon Life India Asset Correlation - Currency/Commodity

-0.06
( neutral )

0.60
( weak )

-0.32
( neutral )

0.28
( neutral )

-0.55
( weak negative )

0.24
( neutral )

Nippon Life India Asset Financials

Annual	2023
Revenue:	INR20.37B
Gross Profit:	INR19.40B (95.22 %)
EPS:	INR17.71

FY	2023
Revenue:	INR20.37B
Gross Profit:	INR19.40B (95.22 %)
EPS:	INR17.71

FY	2022
Revenue:	INR13.50B
Gross Profit:	INR9.99B (74.04 %)
EPS:	INR11.61

FY	2022
Revenue:	INR13.07B
Gross Profit:	INR10.21B (78.14 %)
EPS:	INR12.00

Financial Reports:

No articles found.

Nippon Life India Asset Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0 (N/A)	INR4.00 (N/A)	INR0 (N/A)	INR7.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Nippon Life India Asset Dividend Information - Dividend Knight

Dividend Sustainability Score: 9.22 - good (92.21%) | Divividend Growth Potential Score: 5.49 - Stable (9.78%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR5.00	2018-01-31
Last Dividend	INR7.50	2023-06-29
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	12	--
Total Paid Out	INR47.50	--
Avg. Dividend % Per Year	2.04%	--
Score	4.14	--
Div. Sustainability Score	9.22
Div.Growth Potential Score	5.49
Div. Directional Score	7.36	--

Next Divdend (Est)
(2024-09-02)

INR8.50 Estimate 3.81 %

Dividend Stability

0.30 Poor

Dividend Score

4.14

Pay Frequency

Semi-Annually

Yearly Payout

Year	Amount	Yield
2018	INR6.00	2.42%
2019	INR6.00	3.77%
2020	INR5.00	1.41%
2021	INR11.50	3.80%
2022	INR11.50	3.24%
2023	INR7.50	2.98%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

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Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SPAL.NS	Dividend Junior	2023-09-15	Sporadic	8	0.44%
MONARCH.NS	Dividend Junior	2023-09-14	Annually	3	0.20%
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BHEL.NS	Dividend Junior	2023-08-11	Annually	21	0.26%
RAMRAT.NS	Dividend Junior	2023-08-31	Annually	3	0.85%
KOKUYOCMLN.NS	Dividend Junior	2023-07-20	Sporadic	16	0.16%
EQUITASBNK.NS	Dividend Junior	2023-07-27	Insufficient data to determine frequency	2	0.56%
ALKEM.NS	Dividend Junior	2023-08-09	Semi-Annually	9	0.71%
SYMPHONY.NS	Dividend Knight	2023-08-04	Semi-Annually	14	0.47%
NELCO.NS	Dividend Junior	2023-06-06	Sporadic	22	0.24%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.638	1.500	10.00	10.00	[0 - 0.5]
returnOnAssetsTTM	0.253	1.200	1.563	1.876	[0 - 0.3]
returnOnEquityTTM	0.303	1.500	7.75	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	7.50	0.800	10.00	8.00	[1 - 3]
quickRatioTTM	11.38	0.800	10.00	8.00	[0.8 - 2.5]
cashRatioTTM	4.76	1.500	10.00	10.00	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	217.49	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	0.683	2.00	9.77	10.00	[0 - 30]
freeCashFlowPerShareTTM	0.683	2.00	9.66	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.818	1.000	10.00	10.00	[0.2 - 0.8]
operatingProfitMarginTTM	0.782	1.000	10.00	10.00	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0.397	0.800	-0.689	-0.551	[0.5 - 2]
Total Score				9.22

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	33.08	1.000	6.76	0	[1 - 100]
returnOnEquityTTM	0.303	2.50	8.55	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	0.683	2.00	9.77	10.00	[0 - 30]
dividendYielPercentageTTM	2.27	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	0.683	2.00	9.77	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	3.80	1.500	10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0251	1.000	-1.872	0	[0.1 - 0.5]
Total Score				5.49

Nippon Life India Asset

Nippon Life Asset Management Limited is a publicly owned investment manager. The firm launches and manages equity and fixed income mutual funds for its clients. It also manages exchange traded funds for its clients. The firm invests in the public equity, fixed income and commodity markets. Nippon Life Asset Management Limited was previously known as Reliance Nippon Life Asset Management Limited. Nippon Life Asset Management Limited was founded on February 24, 1995 and is based in Mumbai, India.