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

• Market Cap: ₹125.83B
• Dividend Yield: 2.3%
• Average Volume (3M): 5.59K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 1.53
• Revenue Growth: -9.65%
• EPS Growth: -30.52%
• Country: IN
• Employees: 1,402
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 10.15
• Shares Outstanding: 128,519,130
• 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): 54.82
• Revenue Forecast (FY): ₹15.63B

• Rating: 65 Neutral
• Price Target: ₹1,050.00 ▼(-7.02% Downside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

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

A low debt-to-equity ratio, strong equity funding and rising shareholders' equity provide capital durability and financial flexibility. This supports resilience through market downturns, funds product investment, and preserves the company's ability to sustain dividends and opportunistic M&A over months.

Cash flow generation

Consistent positive free cash flow and operating cash flow well above net income indicate durable internal funding. Strong cash conversion supports reinvestment in distribution, dividend payments and strategic initiatives without heavy reliance on external financing.

Scaled fee-based revenue growth

Sustained multi-year revenue growth combined with robust gross and net margins reflects a scalable, fee-based asset management model. Higher AUM and efficient cost structure support recurring margin sustainability and long-term profitability despite periodic earnings variability.

Negative Factors

Recent revenue and EPS weakness

Negative recent revenue growth and a steep EPS decline signal margin or mix pressure and potential AUM or cost headwinds. If sustained, weaker top-line and earnings reduce reinvestment capacity, constrain dividend flexibility, and may indicate intensified competition or product performance issues.

Fee revenue tied to AUM volatility

AUM-linked management fees expose core revenue to market cycles and net flows. Structural market volatility or prolonged outflows can materially reduce recurring fee income, pressuring margins and limiting predictable cash generation compared with subscription-like revenue models.

Distribution dependence and limited partnership visibility

Heavy reliance on intermediated distribution concentrates go-to-market risk. Undisclosed partner terms reduce visibility into sales economics and retention stability; adverse changes in partner relationships or economics can quickly curb fund sales and AUM growth over a multi-month horizon.

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 makes money by earning fees for managing client assets. Its key revenue stream is management fees (often referred to as investment management/advisory fees) charged as a percentage of assets under management (AUM) across its mutual fund schemes; as AUM rises or falls with market performance and net investor inflows/outflows, fee revenue generally moves accordingly. It can also earn revenue from portfolio management services (PMS) and other managed/advisory mandates where fees are typically linked to assets managed and/or agreed advisory arrangements. Additional income may include other operating income related to fund/asset management activities (for example, service fees connected to investment products, if applicable) and financial income such as interest on its own cash/bank balances. Distribution relationships with banks, national distributors, independent financial advisors, and digital platforms are important commercial enablers because they influence fund sales and retention, which in turn affect AUM and recurring management-fee revenue; specific partnership terms are not provided here (null).

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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 1034.99, above the 50-day MA of 1054.12, and below the 200-day MA of 1211.11, indicating a bearish trend. The MACD of -26.26 indicates Positive momentum. The RSI at 40.32 is Neutral, neither overbought nor oversold. The STOCH value of 22.48 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	₹559.35B	34.69	―	2.14%	9.15%	0.43%
HDFCAMC	72 Outperform	₹1.09T	37.18	―	0.83%	19.21%	24.12%
J&KBANK	71 Outperform	₹133.13B	30.11	―	1.03%	9.52%	1.91%
KFINTECH	70 Outperform	₹163.04B	50.66	―	0.68%	19.98%	15.04%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ABSLAMC	65 Neutral	₹282.13B	21.57	―	3.09%	10.40%	8.23%
UTIAMC	65 Neutral	₹125.83B	29.94	―	2.30%	-9.65%	-30.52%