UTI Asset Management Company, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 8838.11 Crore) operating in Financial Services sector.
UTI Asset Management Company key Products/Revenue Segments include Sale of services, Income From Sale Of Share & Securities, Lease Rentals, Interest and Dividend for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Dinesh Kumar Mehrotra, Mr.Imtaiyazur Rahman, Mr.Flemming Madsen, Mr.Narasimhan Seshadri, Mr.Deepak Kumar Chatterjee, Ms.Dipali Hemant Sheth, Mr.Rajeev Kakar, Mrs.Jayashree Vaidhyanathan, Mr.Edward Cage Bernard. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 13 Crore shares outstanding.
Investment Rationale
Amongst top AMCs, UTI AMC holds the maximum levers to improve core profitability; however, near-term execution has been disappointing. The brokerage expects the company to deliver 7%/11% revenue/operating profit CAGRover FY22-25E on the back of healthy AUM growth and marginal cost rationalisation. Given its attractive valuation, HDFC Securities maintains its BUY, with a lower TP of Rs 950 (19.5x Sep-24E NOPLAT + Sep-23E cash and investments).
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 6.26 per cent, DIIs 24.82 per cent.
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