Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹11359 Cr.
Stock P/E
24
P/B
2.4
Current Price
₹883.7
Book Value
₹ 370
Face Value
10
52W High
₹1409
52W Low
₹ 866
Dividend Yield
4.53%

UTI Asset Management Overview

Business

UTI Asset Management Company Ltd. (UTIAMC) is one of India's oldest and largest asset management companies. Its core business involves managing mutual funds and other investment schemes for a diverse base of retail and institutional investors. The company offers a wide range of products including equity funds, debt funds, hybrid funds, exchange-traded funds (ETFs), and fixed maturity plans (FMPs). UTIAMC primarily generates revenue through management fees (expense ratios) charged as a percentage of its Assets Under Management (AUM). It also earns fees from managing Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and providing international advisory services.

Revenue Mix

UTIAMC's primary business segment is the management of mutual funds. This constitutes the vast majority of its AUM and revenue. While it also offers Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and acts as a trustee, the revenue contribution from these segments is significantly smaller compared to its mutual fund operations. Revenue is directly tied to the quantum and composition of AUM (e.g., higher fees on equity funds vs. debt funds) and the expense ratios it can charge as per SEBI regulations.

Industry

The Indian asset management industry is dynamic, highly regulated by SEBI, and competitive. It is characterized by a mix of large, established players, bank-backed AMCs, and newer entrants. UTIAMC holds a prominent position as one of the largest AMCs in India by AUM, benefiting from its long legacy and pan-India distribution network. While it has been a significant player historically, it operates in an environment where competition from other major AMCs (e.g., HDFC AMC, ICICI Prudential AMC, SBI AMC) is intense, leading to continuous pressure on market share and fee structures.

MOAT

Brand Legacy & Trust: As an entity with roots in the Unit Trust of India, UTIAMC enjoys a strong brand recall and a perception of trust among Indian investors, particularly in semi-urban and rural (B30) areas.

Extensive Distribution Network: UTIAMC possesses one of the widest distribution networks in the Indian mutual fund industry, with a strong presence across India, including a significant reach in B30 cities, supported by Independent Financial Advisors (IFAs).

Scale: Its large Assets Under Management (AUM) provides economies of scale in operations, technology, and distribution infrastructure, allowing for competitive offerings and operational efficiencies.

Diversified Sponsor Base: The backing of prominent public sector financial institutions (SBI, LIC, PNB, BoB) and an international asset manager (T. Rowe Price) lends credibility and stability.

Growth Drivers

Financialization of Savings: The ongoing shift of household savings from physical assets (gold, real estate) to financial assets (mutual funds, equities) in India.

Rising Disposable Incomes: Growth in per capita income and increasing wealth creation among the Indian populace leads to higher investable surpluses.

Low Mutual Fund Penetration: India's mutual fund AUM as a percentage of GDP is still significantly lower than developed economies, indicating substantial headroom for growth.

Systematic Investment Plans (SIPs): Continued growth in SIP registrations and flows provides a stable and predictable source of AUM growth.

Digital Adoption: Increasing digitalization makes investment products more accessible to a wider demographic.

Risks

Market Volatility: AUM and consequently revenue are directly impacted by the performance of equity and debt markets. Downturns can lead to lower AUM and potential redemptions.

Regulatory Changes: SEBI's frequent regulatory interventions concerning expense ratios, product re-categorization, and investment limits can impact profitability and operational flexibility.

Intense Competition: The presence of numerous domestic and international players leads to pressure on fees, fund performance, and market share.

Key Personnel Risk: The departure of successful fund managers or senior management can impact investment performance and investor confidence.

Underperformance Risk: Consistent underperformance of its schemes compared to benchmarks or peers can lead to AUM outflows and reputational damage.

Technological Disruption: The rise of direct investment platforms and fintech solutions could alter distribution dynamics and fee structures.

Management & Ownership

UTIAMC is professionally managed. It has a diversified ownership structure, with four public sector financial institutions – State Bank of India (SBI), Life Insurance Corporation of India (LIC), Bank of Baroda (BoB), and Punjab National Bank (PNB) – as major shareholders, along with T. Rowe Price International Ltd. (TRPIL), a global asset manager. This structure ensures broad-based institutional oversight. The company is publicly listed, requiring adherence to corporate governance standards and transparency.

Outlook

UTIAMC operates in the structurally growing Indian asset management sector, benefiting from a strong brand legacy, extensive distribution, and increasing financialization of savings. Its established position and diversified product portfolio present significant opportunities for AUM growth. However, the company faces persistent challenges including intense competition, potential regulatory pressures on expense ratios, and the inherent volatility of capital markets. Its ability to consistently deliver competitive fund performance, innovate its product offerings, effectively leverage its distribution network, and adapt to evolving regulatory and technological landscapes will be crucial in maintaining its market position and driving future profitability.

UTI Asset Management Share Price

Live · BSE / NSE · Inception: 2002
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

UTI Asset Management Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Operating Revenue 416 529 538 418 376 547 419 517 390 584
Other Income 4 5 2 3 0 2 3 1 12 2
Total Income 420 534 540 420 376 549 421 518 402 585
Total Expenditure 188 178 190 185 207 207 241 215 402 201
Operating Profit 233 356 350 236 169 342 180 303 -0 384
Interest Expense 3 3 3 3 3 3 3 3 3 3
Depreciation 12 11 11 11 12 12 13 13 13 13
Profit Before Tax 218 341 336 221 154 326 164 178 -17 368
Provision for Tax 37 67 73 48 52 72 32 40 35 74
Profit After Tax 181 274 263 174 102 254 132 138 -51 294
Adjustments -19 -20 -24 -23 -15 -17 -19 -17 -15 0
Profit After Adjustments 163 254 239 151 87 237 113 121 -67 294
Adjusted Earnings Per Share 12.8 20 18.8 11.8 6.8 18.5 8.8 9.4 -5.2 22.9

UTI Asset Management Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Operating Revenue 1035 1172 1053 865 1169 1319 1267 1737 1851 1698 1910
Other Income 14 11 30 36 4 8 23 7 9 16 18
Total Income 1049 1183 1084 901 1173 1327 1290 1744 1860 1714 1926
Total Expenditure 493 629 568 514 526 621 655 704 750 889 1059
Operating Profit 555 554 515 387 647 706 635 1040 1110 825 867
Interest Expense 9 0 2 12 8 9 10 11 13 13 12
Depreciation 26 14 16 34 36 37 40 42 46 51 52
Profit Before Tax 521 539 497 341 603 660 586 987 1052 652 693
Provision for Tax 125 142 145 66 109 126 146 185 239 179 181
Profit After Tax 395 397 352 275 494 535 440 802 813 472 513
Adjustments 5 -40 5 -3 -0 -0 -2 -36 -81 -68 -51
Profit After Adjustments 400 357 357 271 494 534 437 766 731 404 461
Adjusted Earnings Per Share 31.6 28.2 28.1 21.4 39 42.1 34.4 60.2 57.2 31.4 35.9

UTI Asset Management Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 2026 2375 2616 2772 3252 3620 3868 4388 4599 4505
Minority's Interest 105 42 37 11 11 11 0 585 561 0
Borrowings 0 0 0 0 0 0 0 0 0 0
Current Liability 308 325 171 171 340 433 348 171 270 313
Other Liabilities & Provisions 64 49 107 211 209 197 135 386 494 493
Total Liabilities 2503 2791 2930 3165 3812 4261 4352 5530 5924 5311
Loans 0 0 0 0 0 0 0 9 7 1
Investments 1812 2149 1535 1689 1693 1193 1301 2255 2273 1503
Fixed Assets 369 261 257 362 349 348 359 285 286 286
Other Loans 9 21 33 28 32 18 15 223 267 327
Other Non Current Assets 10 5 131 157 68 84 13 178 269 280
Current Assets 303 343 964 918 1659 2608 2654 2453 2700 2795
Total Assets 2503 2791 2930 3165 3812 4261 4352 5530 5924 5311

UTI Asset Management Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 77 110 149 124 119 111 173 209 151 257
Cash Flow from Operating Activities 361 261 102 181 153 337 395 325 536 407
Cash Flow from Investing Activities -263 -185 -45 -102 -57 -60 -93 -146 124 -34
Cash Flow from Financing Activities -65 -37 -81 -84 -104 -215 -267 -238 -554 -594
Net Cash Inflow / Outflow 33 39 -25 -5 -8 62 36 -59 106 -221
Closing Cash & Cash Equivalent 110 149 124 119 111 173 209 151 257 36

UTI Asset Management Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 31.57 28.17 28.15 21.41 38.97 42.09 34.44 60.17 57.16 31.44
CEPS(Rs) 33.19 32.44 29.03 24.33 41.81 45.01 37.77 66.34 67.08 40.72
DPS(Rs) 4 5 5 7 17 21 22 47 48 40
Book NAV/Share(Rs) 159.8 187.28 206.32 217.82 253.25 280.58 298.47 338.95 354.99 347.24
Net Profit Margin 38.19 33.87 33.42 31.78 42.3 40.53 34.71 46.17 43.92 27.82
Operating Margin 51.2 46.01 47.39 40.81 52.3 50.74 46.98 57.46 57.53 39.15
PBT Margin 50.3 46.01 47.15 39.45 51.6 50.05 46.23 56.81 56.84 38.37
ROA(%) 15.79 14.99 12.3 9.02 14.17 13.24 10.21 16.23 14.2 8.41
ROE(%) 19.51 18.04 14.1 10.22 16.55 15.79 11.96 19.79 18.36 10.49
ROCE(%) 26.15 24.5 20 13.1 20.29 19.48 15.9 24.18 23.7 14.61
Price/Earnings(x) 0 0 0 0 14.95 23.63 18.61 13.53 18.43 29.81
Price/Book(x) 0 0 0 0 2.3 3.54 2.15 2.4 2.97 2.7
Dividend Yield(%) 0 0 0 0 2.92 2.11 3.43 5.77 4.56 4.27
EV/Net Sales(x) 0.02 -0.02 0 0.01 6.04 9.27 6.14 5.88 7.14 6.99
EV/Core EBITDA(x) 0.03 -0.04 0.01 0.02 10.9 17.31 12.26 9.81 11.91 14.39
Interest Earned Growth(%) 0 13.23 -10.12 -17.87 35.1 12.87 -3.96 37.11 6.57 -8.27
Net Profit Growth 0 0.43 -11.33 -21.89 79.81 8.14 -17.75 82.41 1.36 -41.89
EPS Growth(%) 0 -10.76 -0.1 -23.93 82.03 7.99 -18.16 74.68 -5 -44.99
Interest Coverage(x) % 56.75 0 199.81 30.15 74.01 72.92 62.32 88.56 83.78 50.33

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% +10% +8% —
Operating Profit CAGR -26% +9% +5% —
PAT CAGR -42% +2% -1% —
Share Price CAGR -32% +4% -3% —
ROE Average +10% +16% +15% +15%
ROCE Average +15% +21% +20% +20%

UTI Asset Management Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 0 %
FII 6.89 %
DII (MF + Insurance) 59.61 %
Public (retail) 33.5 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 0000000000
FII 5.966.277.27.857.857.77.617.277.116.89
DII 60.9260.6660.1959.2759.7159.4759.716060.0759.61
Public 33.1133.0732.6132.8832.4432.8332.6832.7332.8233.5
Others 0000000000
Total 100100100100100100100100100100

UTI Asset Management Peer Comparison

Finance - Asset Management Edit Columns

UTI Asset Management Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

UTI Asset Management Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp