Canara Robeco Asset Management Company Ltd
CRAMC NSE
Canara Robeco Asset Management Company Ltd
Capital MarketsNSE: CRAMC BSE: 544580 AMC Mutual Fund
Key Fundamentals
MicrocapAMC Mutual FundCapital MarketsMarket Cap
₹5,046 Cr
Volatility
Moderate
P/E Ratio
23.2
EBITDA
₹284 Cr
Return on Equity
27.33%
Debt to Equity
0.02
Book Value
₹37.4
52W High
₹353.4
52W Low
₹214.2
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Canara Robeco Asset Management Company Ltd insights
37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company has delivered good profit growth of 41.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
- Company has been maintaining a healthy dividend payout of 30.0%
Growth Rate
Revenue Growth
12.55% ↘
Net Income Growth
6.87% ↘
Cash Flow Change
8.09% ↗
ROE
-14.00% ↘
ROCE
-13.66% ↘
EBITDA Margin (Avg.)
-4.54% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk medium
Canara Robeco Asset Management Company is a debt-free, mid-sized AMC with quarterly average AUM of approximately ₹1.08 lakh crore (as of Dec 2024), trading at a PE of ~25x with a 3-year ROE of 34% and 5-year profit CAGR of 41%. Revenue grew at 30% CAGR over 5 years but TTM sales growth has decelerated to 12%, while FY26 operating profit margin compressed to ~56% from ~65% in FY25.
Bull Case 8
- Debt-free balance sheet with zero leverage, providing financial flexibility and eliminating interest rate risk
- Exceptional 5-year profit CAGR of 41%, demonstrating strong earnings compounding ability
- Consistently high ROE of 34% over 3 years and 32% over 5 years, well above cost of equity
- AUM grew to ₹1.08 lakh crore (Dec 2024) and further to ₹1.2 lakh crore (Dec 2025), a 12% YoY increase with 5.07 million folios
- PE of ~25x is significantly below listed peers HDFC AMC (48.2x) and Nippon Life India AMC (43.3x), offering valuation discount to sector leaders
- Healthy dividend payout ratio of 30%, with FY26 dividend of ₹2.5 per share reflecting shareholder return commitment at 1.56% yield
- Revenue grew from ₹318 crore in FY24 to ₹404 crore in FY25 to ₹425 crore in FY26, reflecting consistent top-line expansion
- Second oldest mutual fund house in India (established 1987) with 25 schemes across equity, debt, and hybrid categories, providing distribution depth across smaller cities
Bear Case 8
- TTM sales growth decelerated sharply to 12% from a 3-year CAGR of 31%, indicating slowing momentum
- Operating profit margin compressed from 65.4% in FY25 to 55.9% in FY26, with operating expenses rising from ₹140 crore to ₹171 crore (22% increase)
- FY26 PAT grew only 6.9% YoY (₹204 crore vs ₹191 crore), a sharp deceleration from 5-year profit CAGR of 41%
- Smallest in revenue among listed AMC peers including HDFC AMC, Nippon Life India AMC, and UTI AMC, limiting pricing power and scale advantages
- AUM market share remains modest at roughly 1.6% of India's ₹68 lakh crore mutual fund industry (as of Dec 2024), constraining competitive positioning
- Price-to-book of 6.84x is elevated for a company with market cap of only ₹5,080 crore, implying limited margin of safety if growth slows further
- TTM profit growth of only 7% versus 37% three-year CAGR suggests the high-growth phase may be normalizing, challenging current valuation multiple
- Parentage risk as a JV between Canara Bank and Robeco (ORIX) — any change in JV dynamics or partner exit could create uncertainty
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Positives 1
- Strong FY26 profitability Jun 25
Canara Robeco reported revenue of ₹425 Crores and PAT of ₹204 Crores for FY 2025-26, reflecting a healthy ~48% net profit margin. The board recommended a final dividend of ₹2.50 per share.
Neutral 2
- ORIX confirms no share encumbrance Jul 1
ORIX Corporation Europe N.V., holding 37% stake in CRAMC, declared no encumbrance on its shares for FY26, indicating stable promoter holding with no pledging concerns.
- Investor meet at JM Financial forum Jun 17
Canara Robeco scheduled an investor meeting at the JM Financial India Finance Forum on June 24, 2026. No unpublished price-sensitive information was to be discussed.
TL;DR: Canara Robeco is delivering solid profitability with a ~48% PAT margin and rewarding shareholders with dividends. No headwinds are visible in recent newsflow, and promoter ORIX's unencumbered 37% stake signals stability. The absence of negative developments and consistent earnings suggest a steady trajectory, though investors should watch for AUM growth trends and competitive pressures in the AMC space going forward.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 97 | 101 | 121 | 108 | 121 | 104 | 145 |
| Expenses | 37 | 31 | 41 | 39 | 40 | 48 | 43 | 43 |
| Operating Profit | 68 | 66 | 60 | 82 | 68 | 73 | 60 | 102 |
| OPM % | 65% | 68% | 59% | 68% | 63% | 60% | 58% | 70% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| PBT | 66 | 64 | 58 | 80 | 66 | 70 | 58 | 99 |
| Tax % | 24% | 26% | 28% | 24% | 26% | 25% | 29% | 24% |
| Net Profit | 50 | 48 | 42 | 61 | 49 | 53 | 41 | 76 |
| EPS in Rs | 2.51 | 2.4 | 2.09 | 3.06 | 2.44 | 2.65 | 2.07 | 3.79 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 120 | 164 | 203 | 318 | 404 | 454 | 478 |
| Expenses | 73 | 70 | 77 | 96 | 117 | 140 | 171 | 175 |
| Operating Profit | 23 | 50 | 88 | 107 | 201 | 264 | 283 | 303 |
| OPM % | 24% | 42% | 53% | 53% | 63% | 65% | 62% | 63% |
| Other Income | 10 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Interest | 0 | 0 | 2 | 0 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 4 | 1 | 5 | 5 | 7 | 8 |
| PBT | 32 | 49 | 81 | 106 | 195 | 258 | 275 | 294 |
| Tax % | 27% | 26% | 26% | 26% | 23% | 26% | 26% | — |
| Net Profit | 23 | 36 | 60 | 79 | 151 | 191 | 204 | 218 |
| EPS in Rs | 4.66 | 7.28 | 12.07 | 15.82 | 30.29 | 9.56 | 10.22 | 10.95 |
| Div. Payout % | 21% | 27% | 33% | 16% | 25% | 26% | 39% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 50 | 50 | 50 | 199 | 199 |
| Reserves | 145 | 176 | 222 | 279 | 405 | 401 | 546 |
| Borrowings | 0 | 0 | 19 | 17 | 17 | 16 | 18 |
| Other Liabilities | 23 | 22 | 24 | 32 | 46 | 58 | 55 |
| Total Liabilities | 217 | 248 | 316 | 378 | 517 | 674 | 819 |
| Fixed Assets | 3 | 2 | 20 | 18 | 17 | 16 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 190 | 223 | 272 | 330 | 457 | 604 | 735 |
| Other Assets | 25 | 23 | 24 | 30 | 43 | 51 | 60 |
| Total Assets | 217 | 248 | 316 | 378 | 517 | 674 | 819 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 21 | 30 | 53 | 68 | 107 | 159 | 172 |
| Investing | -13 | -26 | -33 | -46 | -81 | -113 | -108 |
| Financing | -7 | -5 | -20 | -22 | -26 | -48 | -62 |
| Net Cash Flow | 1 | -1 | 0 | -1 | 0 | -2 | 2 |
| Free Cash Flow | 20 | 29 | 52 | 66 | 106 | 155 | 166 |
| CFO/OP | 124 | 84 | 83 | 88 | 75 | 85 | 86 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 46 | 38 | 42 | 40 | 38 | 36 |
| Cash Conversion Cycle | 43 | 46 | 38 | 42 | 40 | 38 | 36 |
| Working Capital Days | -11 | -13 | -5 | -4 | -2 | -1 | 6 |
| ROCE % | — | 23% | 32% | 33% | 48% | 48% | 40% |
Documents
3
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Apr - Canara Robeco announced FY26 audited results; PAT rose 7% to ₹2,038 Mn, AUM reached ₹1,066 billion. 28 Apr - Canara Robeco announced FY26 audited results; PAT rose 7% to ₹2,038 Mn, AUM reached ₹1,066 billion.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Apr - Audio recording of Q4 and FY2026 earnings call uploaded on April 28, 2026. 28 Apr - Audio recording of Q4 and FY2026 earnings call uploaded on April 28, 2026.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Apr - Newspaper Advertisement related to Financial Results for the quarter and year ended March 31, 2026 in Financial Express (English) and Navshakti (Marathi). 29 Apr - Newspaper Advertisement related to Financial Results for the quarter and year ended March 31, 2026 in Financial Express (English) and Navshakti (Marathi).
Frequently Asked Questions about Canara Robeco Asset Management Company Ltd
What does Canara Robeco Asset Management Company Ltd do?
Incorporated in 1993, Canara Robeco Asset Management Company Ltd is primarily engaged in managing mutual funds and providing investment advisory services.[1]
Where is Canara Robeco Asset Management Company Ltd (CRAMC) listed?
Canara Robeco Asset Management Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: CRAMC and BSE: 544580. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Canara Robeco Asset Management Company Ltd belong to?
Canara Robeco Asset Management Company Ltd operates in the Capital Markets sector within the AMC Mutual Fund industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Canara Robeco Asset Management Company Ltd?
Canara Robeco Asset Management Company Ltd has a market capitalisation of approximately ₹5046.26 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Canara Robeco Asset Management Company Ltd?
The Price-to-Earnings (PE) ratio of Canara Robeco Asset Management Company Ltd is 23.20. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Canara Robeco Asset Management Company Ltd?
Over the past 52 weeks, Canara Robeco Asset Management Company Ltd has traded between a low of ₹214.2 and a high of ₹353.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Canara Robeco Asset Management Company Ltd pay dividends?
Yes, Canara Robeco Asset Management Company Ltd has a dividend yield of 1.58%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Canara Robeco Asset Management Company Ltd?
Canara Robeco Asset Management Company Ltd has a Return on Equity (ROE) of 27.33%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Canara Robeco Asset Management Company Ltd on Tapetide?
On Tapetide, you can view Canara Robeco Asset Management Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1993, Canara Robeco Asset Management Company Ltd is primarily engaged in managing mutual funds and providing investment advisory services.[1]
Website canararobeco.com
CEO Mr. Rajnish Narula
Listed 2025-10-16
Face Value ₹ 10
Issued Size 19,94,17,428