HDFC Asset Management Company Ltd logo

HDFC Asset Management Company Ltd

HDFCAMC NSE

Key Fundamentals

MidcapAMC Mutual FundCapital Markets
Market Cap
1.1L Cr
Volatility
Moderate
P/E Ratio
36.57
EBITDA
₹3,795 Cr
Return on Equity
30.97%
Debt to Equity
0
Book Value
₹215.23
EPS
₹96.87
52W High
₹2,967.25
52W Low
₹2,205.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
  • Company has been maintaining a healthy dividend payout of 78.6%

Weaknesses

1
  • Stock is trading at 11.7 times its book value

Growth Rate

Revenue Growth
13.84% ↘
Net Income Growth
16.17% ↘
Cash Flow Change
21.83% ↗
ROE
2.35% ↘
ROCE
-0.63% ↘
EBITDA Margin (Avg.)
-0.59% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

HDFC Asset Management Company trades at a market cap of ₹1,06,456 Cr with a PE of 36.3x and a consistently high ROE of 33% (last year). The company is virtually debt-free with a 78.6% dividend payout ratio, but the stock trades at 11.6x book value and has declined 9% over the past year.

Bull Case 8
  • Exceptional return on equity with last year ROE at 33% and a 10-year average of 31%, indicating highly efficient capital deployment
  • Company is almost debt-free, eliminating balance sheet risk and interest cost burden in a rising rate environment
  • Healthy dividend payout ratio of 78.6% with a current dividend yield of 2.17%, providing consistent income to shareholders
  • Strong compounded profit growth of 26% over 3 years and 17% over 5 years, demonstrating sustained earnings momentum
  • Compounded sales growth of 23% over 3 years and 16% over 5 years, reflecting robust AUM expansion in the mutual fund industry
  • TTM revenue growth of 15% and profit growth of 13% showing continued positive trajectory even in a competitive market
  • 10-year compounded profit CAGR of 20% demonstrates long-term structural earnings compounding ability
  • Asset-light business model with near-zero debt supports high free cash flow generation and shareholder returns
Bear Case 8
  • Stock trades at 11.6x price-to-book value, which is significantly elevated and prices in substantial future growth
  • PE ratio of 36.3x is premium, leaving limited margin of safety if earnings growth decelerates from the 26% 3-year CAGR
  • Stock has delivered negative 1-year returns of -9%, underperforming broader markets despite strong fundamentals
  • TTM profit growth of 13% has decelerated from the 3-year CAGR of 26%, suggesting growth moderation
  • 5-year stock CAGR of only 11% versus 5-year profit CAGR of 17% indicates PE compression over time
  • High dividend payout of 78.6% limits reinvestment capacity for organic growth initiatives or acquisitions
  • Capital markets sector is cyclical and AUM-linked revenue can contract during prolonged market downturns, creating earnings volatility risk
  • At ₹1,06,456 Cr market cap with 36.3x PE, the stock needs sustained high-teens earnings growth just to justify current valuation levels

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Neutral 3
  • Head of Operations resigns Aug 4

    V. Suresh Babu, Head – Operations for 26 years, has resigned. Duties reallocated to Sameer Seksaria and Naozad Sirwalla effective October 1, 2026.

  • Investor conferences in August Aug 3

    HDFC AMC will participate in Emkay Confluence (Aug 12) and Motilal Oswal conference (Aug 17-18) in Mumbai.

  • Rs 26.48 Cr block trade on NSE Jul 21

    Approximately 1,01,193 shares traded in a single block deal at Rs 2,617.00 per share, totaling Rs 26.48 crores, indicating institutional activity.

TL;DR: Recent news flow for HDFC AMC is largely operational and routine with no material positive catalysts or red flags. A long-serving operations head's exit is orderly with succession already in place. The block trade suggests institutional interest but is neutral in direction. Outlook remains steady with upcoming investor conferences potentially providing forward guidance.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
575
643
671
695
775
887
934
901
968
1,026
1,074
1,050
1,098
Expenses
146
161
160
156
180
183
170
170
194
225
197
205
247
Operating Profit
429
482
511
539
595
704
764
731
774
801
877
846
852
OPM %
75%
75%
76%
78%
77%
79%
82%
81%
80%
78%
82%
81%
78%
Other Income
158
122
142
155
173
171
93
124
233
96
159
11
263
Interest
2
2
2
2
2
2
2
3
3
3
3
4
4
Depreciation
13
13
13
13
13
14
15
17
17
18
18
19
20
PBT
571
589
639
679
752
859
840
835
986
876
1,015
834
1,090
Tax %
16%
26%
23%
20%
20%
33%
24%
24%
24%
18%
24%
25%
23%
Net Profit
478
438
490
541
604
577
641
639
748
718
770
623
838
EPS in Rs
11.19
10.25
11.47
12.67
14.14
13.5
15
14.94
17.48
16.78
17.98
14.55
19.56
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,056
1,490
1,568
1,870
2,075
2,124
2,194
2,429
2,478
3,159
4,050
4,611
4,249
Expenses
432
775
776
802
709
431
388
515
549
623
704
821
874
Operating Profit
624
715
792
1,068
1,366
1,693
1,806
1,913
1,929
2,536
3,346
3,790
3,375
OPM %
59%
48%
51%
57%
66%
80%
82%
79%
78%
80%
83%
82%
79%
Other Income
9
4
20
0
22
19
8
4
4
4
9
6
529
Interest
0
0
0
0
0
9
9
9
10
9
9
13
14
Depreciation
10
11
12
9
13
50
55
54
53
52
58
73
76
PBT
623
708
800
1,058
1,375
1,653
1,749
1,855
1,871
2,478
3,286
3,710
3,814
Tax %
33%
33%
31%
33%
32%
24%
24%
25%
24%
21%
25%
23%
—
Net Profit
416
478
550
711
931
1,262
1,326
1,393
1,424
1,946
2,461
2,859
2,950
EPS in Rs
82.28
95.01
109
16.89
21.89
29.66
31.13
32.66
33.36
45.57
57.55
66.75
68.87
Div. Payout %
39%
42%
42%
47%
55%
47%
55%
64%
72%
77%
78%
81%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
25
105
106
106
106
107
107
107
107
214
Reserves
1,095
1,126
1,398
2,149
2,964
3,923
4,670
5,423
6,002
6,972
8,027
9,017
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
192
272
177
218
153
279
319
350
428
478
619
757
Total Liabilities
1,312
1,423
1,600
2,472
3,224
4,309
5,095
5,880
6,537
7,558
8,754
9,988
Fixed Assets
34
31
31
31
40
157
153
135
150
151
197
268
CWIP
0
1
2
6
3
5
1
0
2
1
0
2
Investments
651
986
1,237
2,058
2,935
3,945
4,753
5,570
6,079
7,190
8,289
9,396
Other Assets
627
405
329
378
246
203
187
175
305
215
267
322
Total Assets
1,312
1,423
1,600
2,472
3,224
4,309
5,095
5,880
6,537
7,558
8,754
9,988
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
742
455
618
894
1,285
1,085
1,254
1,149
1,620
2,077
2,530
Investing
—
-297
-176
-633
-777
-928
-483
-508
-218
-547
-600
-645
Financing
—
-447
-279
15
-119
-332
-628
-746
-930
-1,066
-1,475
-1,886
Net Cash Flow
—
-2
0
1
-1
26
-25
0
1
7
1
-1
Free Cash Flow
—
733
441
601
877
1,255
1,074
1,244
1,135
1,602
2,032
2,508
CFO/OP
—
137
90
89
98
100
80
87
81
85
84
88
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
6
9
20
18
15
10
13
11
27
11
12
13
Cash Conversion Cycle
6
9
20
18
15
10
13
11
27
11
12
13
Working Capital Days
90
9
17
-11
11
-22
-17
-16
-4
-18
-14
-16
ROCE %
62%
62%
62%
58%
52%
47%
40%
36%
32%
38%
43%
43%

Shareholding Pattern

As of Jun 2026
Promoters 52.34%
FIIs 24.10%
DIIs 14.76%
Public 7.34%
Others 1.46%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
73.92%
73.88%
68.85%
68.84%
68.81%
68.80%
62.80%
62.78%
62.77%
52.55%
52.55%
52.55%
52.55%
52.52%
52.51%
52.48%
52.47%
52.44%
52.42%
52.38%
52.38%
52.37%
52.34%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17.99%
20.01%
20.61%
21.55%
21.32%
20.51%
21.97%
24.69%
24.48%
23.99%
24.45%
24.10%
DIIs
1.37%
1.81%
1.77%
2.54%
1.29%
2.08%
12.26%
13.40%
17.63%
22.08%
20.37%
19.51%
18.37%
17.67%
16.91%
17.04%
18.01%
16.66%
14.13%
14.40%
14.89%
14.43%
14.76%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.56%
9.33%
8.60%
9.73%
10.17%
10.94%
10.91%
10.09%
10.42%
10.21%
8.92%
8.37%
7.69%
7.78%
7.61%
7.72%
7.61%
7.45%
7.37%
7.33%
7.32%
7.32%
7.34%
Others
15.15%
14.98%
20.79%
18.90%
19.73%
18.17%
14.04%
13.73%
9.18%
15.15%
18.16%
1.59%
1.38%
1.42%
1.41%
1.44%
1.40%
1.48%
1.38%
1.41%
1.41%
1.43%
1.46%
No. of Shareholders
0
4,64,596
4,56,733
4,57,209
5,49,695
5,77,010
5,99,522
5,93,851
5,54,569
5,49,337
4,97,961
4,57,910
4,36,183
4,32,584
4,26,681
4,36,623
4,33,737
4,26,484
4,32,251
4,27,218
4,32,820
4,35,815
4,32,914

Documents

Frequently Asked Questions about HDFC Asset Management Company Ltd

What does HDFC Asset Management Company Ltd do?
Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services[1]
Where is HDFC Asset Management Company Ltd (HDFCAMC) listed?
HDFC Asset Management Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: HDFCAMC and BSE: 541729. You can view its live share price, financials, and ratios on Tapetide.
Which sector does HDFC Asset Management Company Ltd belong to?
HDFC 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 HDFC Asset Management Company Ltd?
HDFC Asset Management Company Ltd has a market capitalisation of approximately ₹107634.83 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of HDFC Asset Management Company Ltd?
The Price-to-Earnings (PE) ratio of HDFC Asset Management Company Ltd is 36.57. 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 HDFC Asset Management Company Ltd?
Over the past 52 weeks, HDFC Asset Management Company Ltd has traded between a low of ₹2,205.6 and a high of ₹2,967.25. This range helps investors understand the stock's price volatility and recent trading levels.
Does HDFC Asset Management Company Ltd pay dividends?
Yes, HDFC Asset Management Company Ltd has a dividend yield of 2.14%. 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 HDFC Asset Management Company Ltd?
HDFC Asset Management Company Ltd has a Return on Equity (ROE) of 30.97%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research HDFC Asset Management Company Ltd on Tapetide?
On Tapetide, you can view HDFC 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 1999, HDFC Asset Management Company Ltd provides Fund Management Services[1]

Website hdfcfund.com
CEO Mr. Navneet Munot CFA
Employees 1,618
Listed 2018-08-06
Face Value ₹ 5
Issued Size 42,81,57,997

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