UTI Asset Management Co. Ltd. (UTIAMC) AI Stock Analysis

• Market Cap: ₹124.69B
• Dividend Yield: 2.3%
• Average Volume (3M): 5.59K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 1.51
• Revenue Growth: -9.65%
• EPS Growth: -30.52%
• Country: IN
• Employees: 1,402
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 9.40
• Shares Outstanding: 128,517,200
• 10 Day Avg. Volume: 8,012
• 30 Day Avg. Volume: 5,594
• PEG Ratio: -3.88
• Price to Book (P/B): 2.96
• Price to Sales (P/S): 9.41
• P/FCF Ratio: 29.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹1,041.00 ▼(-7.82% Downside)

UTI Asset Management's strong financial performance is the most significant factor, contributing positively to the overall score. However, bearish technical indicators and a relatively high P/E ratio suggest caution. The dividend yield offers some compensation for potential risks.

Positive Factors

Balance Sheet Strength

Low leverage and a strong equity base provide durable financial flexibility. Conservative capital structure reduces refinancing and solvency risk during market stress, enabling the firm to sustain operations, support distributions, and invest in product/distribution initiatives without excessive financing strain.

Cash Generation Quality

Consistently positive free cash flow and robust operating cash generation support long-term reinvestment, dividend capacity, and buffer against AUM-driven revenue swings. High cash conversion enhances resilience and funds strategic initiatives without reliance on external capital.

Scale and Margin Profile

Substantial revenue scale and durable gross/EBITDA margins indicate efficient cost structure and pricing power across products. Scale supports fixed-cost absorption, distribution investments, and product development, underpinning long-term profitability and competitive positioning in asset management.

Negative Factors

Recent Revenue Weakness

Negative revenue growth signals recent weakness in fee generation which, if persistent, can erode reinvestment capacity and margins. For an asset manager, prolonged revenue decline often reflects outflows or weak market performance that directly reduces recurring management fees.

Earnings Volatility

A large EPS decline indicates earnings are sensitive to short‑term pressures or one-off impacts. Sustained EPS volatility can constrain retained earnings for growth, reduce investor confidence in payout sustainability, and limit resources for strategic investments.

AUM-Dependent Fee Model

Revenue concentration tied to AUM creates structural sensitivity to market returns and investor flows. Long-term growth depends on sustained inflows and market appreciation; downturns or competitive outflows can materially reduce recurring fees and pressure margins and cash generation.

UTI Asset Management Co. Ltd. Business Overview & Revenue Model

Company Description

UTI Asset Management Company (P) Ltd. is a privately owned investment manager. It manages mutual funds for its clients. The firm invests in money market, fixed income, and public equity markets of India. It employs in-house research while making its investments. UTI Asset Management Company (P) Ltd. was incorporated on November 14, 2002 and is based in Mumbai, India.

How the Company Makes Money

UTIAMC primarily generates revenue through management fees charged on the assets it manages across various investment schemes, including mutual funds and portfolio management services. These fees are typically calculated as a percentage of the assets under management (AUM). Additionally, the company earns performance fees when it exceeds certain performance benchmarks in its funds. UTIAMC also benefits from commissions on sales of financial products and services. Strategic partnerships with banks, financial institutions, and other distributors enhance its distribution network, contributing significantly to its earnings. The company's ability to attract and retain investors, along with its strong brand reputation, plays a crucial role in sustaining its revenue streams.

UTI Asset Management Co. Ltd. Financial Statement Overview

Summary

UTI Asset Management exhibits strong financial health with consistent revenue and profit growth, a solid balance sheet with low leverage, and robust cash flow generation. Minor fluctuations in net income and cash flow activities are noted, but overall financial strategies are well-aligned with long-term stability and growth.

Income Statement

UTI Asset Management has showcased a strong performance with consistent revenue growth from ₹7,878.87 million in 2020 to ₹18,510.90 million in 2025. Gross profit margins are robust, reflecting efficient cost management. The net profit margin remains healthy, indicating effective profitability strategies. The EBIT and EBITDA margins further affirm operational efficiency, although net income has slightly decreased in the latest year, suggesting potential cost pressures.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio, highlighting conservative leverage practices. The equity ratio indicates a strong asset base funded by equity, providing stability. Return on Equity remains strong, demonstrating effective utilization of shareholders' investments. The increase in stockholders' equity over the years is a positive indicator of financial health.

Cash Flow

Cash flow performance is commendable with positive free cash flow growth and strong operating cash flow relative to net income, illustrating robust cash generation. The free cash flow to net income ratio is healthy, supporting reinvestment and dividend potential. However, fluctuations in investing and financing cash flows suggest variability in investment activities and capital management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.94B	14.45B	17.37B	11.31B	11.19B	8.07B
Gross Profit	10.18B	10.19B	12.75B	7.50B	7.42B	4.96B
EBITDA	10.96B	11.11B	10.41B	6.36B	7.07B	6.48B
Net Income	7.14B	7.31B	7.66B	4.37B	5.34B	4.94B
Balance Sheet
Total Assets	0.00	56.58B	53.41B	41.75B	39.88B	36.65B
Cash, Cash Equivalents and Short-Term Investments	46.47B	46.47B	23.33B	3.57B	19.63B	12.83B
Total Debt	0.00	1.42B	1.39B	1.13B	1.06B	1.06B
Total Liabilities	-51.60B	4.98B	3.68B	3.07B	3.70B	4.28B
Stockholders Equity	51.60B	45.99B	43.88B	38.68B	36.06B	32.52B
Cash Flow
Free Cash Flow	0.00	4.67B	1.79B	2.86B	3.11B	2.07B
Operating Cash Flow	0.00	5.36B	3.25B	3.95B	3.49B	2.49B
Investing Cash Flow	0.00	1.24B	-1.46B	-925.10M	-705.30M	-993.40M
Financing Cash Flow	0.00	-5.54B	-2.38B	-2.67B	-2.15B	-630.40M

UTI Asset Management Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1129.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTIAMC, the sentiment is Negative. The current price of 1129.3 is above the 20-day moving average (MA) of 1052.09, above the 50-day MA of 1099.49, and below the 200-day MA of 1210.53, indicating a bearish trend. The MACD of -41.43 indicates Positive momentum. The RSI at 30.02 is Neutral, neither overbought nor oversold. The STOCH value of 28.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UTIAMC.

UTI Asset Management Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NAM.INDIA	76 Outperform	₹559.78B	37.87	―	2.14%	9.15%	0.43%
J&KBANK	75 Outperform	₹115.35B	5.36	―	1.03%	9.52%	1.91%
HDFCAMC	72 Outperform	₹1.08T	37.86	―	0.83%	19.21%	24.12%
KFINTECH	70 Outperform	₹174.69B	50.63	―	0.68%	19.98%	15.04%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ABSLAMC	65 Neutral	₹219.30B	21.79	―	3.09%	10.40%	8.23%
UTIAMC	65 Neutral	₹124.69B	22.25	―	2.30%	-9.65%	-30.52%

UTI Asset Management Co. Ltd. Corporate Events

UTI AMC Grants Over 500,000 Stock Options to Employees

UTI Asset Management Company Limited has announced the grant of 548,522 stock options under its Employee Stock Option Scheme – 2007. This move is part of the company’s strategy to incentivize and retain talent by offering employees the opportunity to own equity in the company. The stock options have a vesting period of four years and an exercise period of five years from the date of vesting. The exercise price is set at ₹1,145.20, based on the closing market price on the National Stock Exchange of India Limited on November 24, 2025. The company has also updated the terms of the ESOP scheme to allow options to continue vesting in the event of an employee’s retirement, aligning with SEBI regulations.

UTI AMC Announces 9th EGM with Remote E-Voting

UTI Asset Management Company Limited has announced the scheduling of its 9th Extraordinary General Meeting (EGM) on November 25, 2025, which will be conducted via video conferencing in compliance with relevant regulations. The meeting will address business matters outlined in the notice, and shareholders can participate in remote e-voting from November 22 to November 24, 2025.