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UTIAMC - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 25 May 26, 01:36 am

Fundamental Rating: 3.6

Stock Code UTIAMC Market Cap 12,210 Cr. Current Price 951 ₹ High / Low 1,495 ₹
Stock P/E 19.6 Book Value 291 ₹ Dividend Yield 2.74 % ROCE 21.4 %
ROE 16.5 % Face Value 10.0 ₹ DMA 50 979 ₹ DMA 200 1,080 ₹
Chg in FII Hold -0.16 % Chg in DII Hold 0.07 % PAT Qtr 33.7 Cr. PAT Prev Qtr 207 Cr.
RSI 46.4 MACD -8.49 Volume 1,18,048 Avg Vol 1Wk 89,210
Low price 896 ₹ High price 1,495 ₹ PEG Ratio 1.45 Debt to equity 0.03
52w Index 9.11 % Qtr Profit Var -72.8 % EPS 42.0 ₹ Industry PE 30.0

📊 Core Financials

Revenue Growth: PAT declined sharply (₹33.7 Cr vs ₹207 Cr), showing significant volatility.

Profit Margins: Margins under pressure despite strong asset base.

Debt Ratios: Debt-to-equity 0.03, virtually debt-free.

Cash Flows: Stable operating cash flows from AMC operations.

Return Metrics: ROCE 21.4%, ROE 16.5% — strong efficiency and shareholder returns.

💹 Valuation Indicators

P/E Ratio: 19.6, below industry average (30.0), indicating undervaluation.

P/B Ratio: ~3.3 (Price ₹951 / Book Value ₹291), moderate.

PEG Ratio: 1.45, reasonable relative to growth.

Intrinsic Value: Fair value closer to ₹900–920, current price slightly above intrinsic.

Dividend Yield: 2.74%, attractive compared to peers.

🏢 Business Model & Competitive Advantage

Operates in asset management and mutual fund services.

Strong presence in retail and institutional investment management.

Competitive edge: brand trust, diversified fund offerings, and government-linked heritage.

Challenges: profit volatility, competition from private AMCs, and market-linked earnings.

📈 Entry Zone & Long-Term Guidance

Entry Zone: ₹900–920 (value zone near intrinsic).

Long-Term Holding: Suitable for dividend-seeking investors, with moderate growth potential.

✅ Positive

ROCE 21.4% and ROE 16.5% reflect strong efficiency.

Debt-to-equity negligible (0.03).

Dividend yield 2.74% attractive.

DII holdings increased (+0.07%).

⚠️ Limitation

PAT declined sharply (-72.8%).

Valuation multiples moderate but earnings volatility high.

FII holdings decreased (-0.16%).

🚨 Company Negative News

RSI at 46.4 indicates weak momentum.

MACD negative (-8.49), showing bearish technical trend.

Profitability under pressure despite strong fundamentals.

🌟 Company Positive News

Dividend yield strong at 2.74%.

Technical support near DMA 50 & 200.

Stable institutional support from DIIs.

🏭 Industry

Asset management industry driven by mutual fund penetration, retail investor growth, and regulatory reforms.

Industry PE ~30.0, UTIAMC trades at discount.

Growth drivers: rising financial literacy, SIP inflows, and long-term wealth creation.

📌 Conclusion

UTIAMC is a moderately strong AMC stock with solid returns, low debt, and attractive dividend yield. However, profit volatility limits upside. Entry advisable near ₹900–920. Long-term holding suitable for investors seeking steady dividends and exposure to mutual fund industry growth, provided they enter at value levels.

Would you like me to compare UTIAMC directly with HDFC AMC and Nippon Life AMC to highlight relative strengths and valuations?

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