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

• Market Cap: ₹122.19B
• 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: ₹1,020.00 ▼(-9.68% 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

Conservative balance sheet with low leverage

Low leverage, a strong equity ratio, and steady increases in shareholders' equity reduce refinancing and solvency risk. This conservative capital structure supports stable operations, dividend capacity, and strategic investments over the next several months.

Robust operating cash flow and free cash generation

Healthy operating cash conversion and positive free cash flow support reinvestment, dividends and buffer against AUM volatility. Strong cash generation provides durable funding for product development and distribution support over 2–6 months.

Diversified fee-based asset management business model

Recurring management fees across equity, debt and hybrid products and broad distribution channels create stable, scalable revenue. Diversified client and channel mix helps sustain AUM inflows and fee income despite market cycles.

Negative Factors

Recent EPS contraction

A sharp EPS decline signals weaker bottom-line performance or one-off pressures that reduce earnings quality. Sustained EPS weakness over quarters can limit retained earnings, constrain capital allocation, and reduce investor confidence in profitability trends.

Recent revenue decline

Negative recent revenue growth suggests slowing AUM growth or weaker net inflows. For a fee-driven asset manager, falling revenue directly pressures recurring fee income, jeopardizing margin expansion plans and investment in distribution over the medium term.

Slight decrease in latest-year net income

A decline in net income, even if modest, indicates margin or cost pressures that could persist. Reduced profitability constrains dividend flexibility and reinvestment, making the company more sensitive to episodic market or expense shocks in coming months.

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	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 1039.07, above the 50-day MA of 1057.23, and below the 200-day MA of 1211.93, indicating a bearish trend. The MACD of -26.44 indicates Positive momentum. The RSI at 33.00 is Neutral, neither overbought nor oversold. The STOCH value of 21.16 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
J&KBANK	76 Outperform	₹123.28B	30.11	―	1.03%	9.52%	1.91%
NAM.INDIA	76 Outperform	₹531.60B	34.69	―	2.14%	9.15%	0.43%
HDFCAMC	72 Outperform	₹1.05T	37.18	―	0.83%	19.21%	24.12%
KFINTECH	70 Outperform	₹157.40B	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	₹251.33B	21.57	―	3.09%	10.40%	8.23%
UTIAMC	65 Neutral	₹122.19B	29.94	―	2.30%	-9.65%	-30.52%