ICICI Prudential Asset Management Co Ltd
ICICI Prudential Asset Management Co Ltd
Capital MarketsKey Fundamentals
LargecapAsset Management CompanyCapital MarketsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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36 extracted metrics + investor summaries across FY21–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company has delivered good profit growth of 21.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 83.0%
- Company has been maintaining a healthy dividend payout of 103%
Weaknesses
1- Stock is trading at 36.4 times its book value
Growth Rate
AI Analysis — Bull vs Bear
ICICI Prudential AMC commands a market cap of ₹1,51,812 Cr with an exceptionally high ROE of 86% (last year) and a PE of 43.7x. The company is virtually debt-free and has compounded profits at 22% CAGR over five years, but trades at 36.5x book value, reflecting a significant premium to its asset base.
- Exceptional return on equity of 86% in the last year and 83% average over 3 years, indicating highly efficient capital utilization in an asset-light business
- Company is almost debt-free, eliminating balance sheet risk and providing full operating flexibility
- Compounded profit growth of 30% CAGR over 3 years demonstrates accelerating earnings momentum
- Compounded sales growth of 28% CAGR over 3 years reflects strong AUM expansion and market share gains
- Healthy dividend payout of 103% signals strong cash generation and shareholder-friendly capital allocation
- TTM revenue growth of 21% indicates sustained business momentum in the current period
- 5-year compounded profit CAGR of 22% shows long-term consistency in earnings growth beyond cyclical upticks
- 5-year ROE averaging 80% demonstrates the business model's structural ability to generate outsized returns on capital deployed
- Stock trades at 36.5x book value, an extreme premium that leaves little margin of safety if growth decelerates
- PE ratio of 43.7x is elevated, requiring sustained high earnings growth to justify current valuation
- Dividend yield of just 0.88% despite 103% payout ratio implies the stock price has run far ahead of distributable earnings
- Revenue growth has moderated from 28% (3-year CAGR) to 21% TTM, suggesting potential deceleration in AUM growth
- AMC revenues are directly linked to equity market levels — any sustained correction in Indian markets would compress AUM and fee income simultaneously
- At ₹1,51,812 Cr market cap, the company must continue growing AUM significantly just to maintain current valuation multiples
- Regulatory risk from SEBI fee rationalization initiatives could compress total expense ratios across the industry, pressuring revenue per AUM
- 5-year profit CAGR of 22% versus 3-year CAGR of 30% shows growth acceleration is recent and may not be sustainable through market cycles
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 earnings call scheduled Jul 08
ICICI Prudential AMC will host its Q1FY27 earnings call on July 13, 2026 at 6:15 PM IST for analysts and investors to discuss quarterly results.
TL;DR: Limited recent news flow for ICICI Prudential AMC with only an upcoming earnings call announcement. No material headwinds or positive catalysts identified in the current news cycle. The Q1FY27 results on July 13 will be the next key event to watch for insights into AUM growth and fee income trends.
Quarterly Results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 1,227 | 1,269 | 1,331 | 1,420 | 1,515 | 1,542 | 1,564 |
| Expenses | 347 | 375 | 385 | 372 | 374 | 374 | 432 |
| Operating Profit | 880 | 894 | 946 | 1,047 | 1,140 | 1,168 | 1,133 |
| OPM % | 72% | 70% | 71% | 74% | 75% | 76% | 72% |
| Other Income | -25 | 51 | 147 | 72 | 109 | -90 | 181 |
| Interest | 5 | 5 | 5 | 4 | 4 | 5 | 5 |
| Depreciation | 21 | 24 | 25 | 27 | 26 | 28 | 28 |
| PBT | 828 | 917 | 1,062 | 1,089 | 1,219 | 1,046 | 1,281 |
| Tax % | 24% | 25% | 26% | 23% | 25% | 27% | 25% |
| Net Profit | 632 | 692 | 784 | 835 | 917 | 769 | 965 |
| EPS in Rs | 358 | 392 | 44.39 | 47.33 | 18.55 | 15.55 | 19.52 |
Profit & Loss
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 2,230 | 2,634 | 2,837 | 3,758 | 4,977 | 5,999 | 6,040 |
| Expenses | 513 | 641 | 766 | 981 | 1,343 | 1,471 | 1,552 |
| Operating Profit | 1,717 | 1,993 | 2,072 | 2,777 | 3,635 | 4,528 | 4,488 |
| OPM % | 77% | 76% | 73% | 74% | 73% | 75% | 74% |
| Other Income | 4 | 1 | 1 | 3 | 2 | 2 | 272 |
| Interest | 16 | 14 | 15 | 16 | 19 | 18 | 17 |
| Depreciation | 47 | 51 | 50 | 66 | 85 | 106 | 108 |
| PBT | 1,658 | 1,929 | 2,007 | 2,698 | 3,533 | 4,407 | 4,634 |
| Tax % | 25% | 25% | 24% | 24% | 25% | 25% | — |
| Net Profit | 1,245 | 1,454 | 1,516 | 2,050 | 2,651 | 3,298 | 3,486 |
| EPS in Rs | 706 | 824 | 859 | 1,161 | 1,502 | 66.73 | 101 |
| Div. Payout % | 75% | 84% | 84% | 76% | 81% | 153% | — |
Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 49 |
| Reserves | 1,745 | 2,000 | 2,295 | 2,865 | 3,499 | 4,122 |
| Borrowings | 112 | 118 | 116 | 0 | 0 | 0 |
| Other Liabilities | 240 | 310 | 356 | 630 | 810 | 832 |
| Total Liabilities | 2,115 | 2,445 | 2,784 | 3,513 | 4,327 | 5,003 |
| Fixed Assets | 134 | 137 | 150 | 199 | 309 | 634 |
| CWIP | 3 | 4 | 7 | 6 | 289 | 7 |
| Investments | 1,772 | 2,041 | 2,287 | 2,883 | 3,285 | 3,857 |
| Other Assets | 207 | 262 | 340 | 424 | 444 | 505 |
| Total Assets | 2,115 | 2,445 | 2,784 | 3,513 | 4,327 | 5,003 |
Cash Flow
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating | 1,195 | 1,333 | 1,400 | 1,765 | 2,574 | 3,282 |
| Investing | -329 | -79 | -129 | -246 | -513 | -469 |
| Financing | -869 | -1,244 | -1,264 | -1,527 | -2,068 | -2,694 |
| Net Cash Flow | -3 | 10 | 6 | -8 | -8 | 119 |
| Free Cash Flow | 1,171 | 1,310 | 1,359 | 1,710 | 2,162 | 3,167 |
| CFO/OP | 90 | 91 | 92 | 85 | 95 | 97 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 11 | 14 | 14 | 19 | 17 | 11 |
| Cash Conversion Cycle | 11 | 14 | 14 | 19 | 17 | 11 |
| Working Capital Days | -8 | -10 | -9 | -22 | -27 | -26 |
| ROCE % | — | 97% | 89% | 102% | 111% | 115% |
Documents
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Company Information
Incorporated in 1993, ICICI Prudential AMC is an Asset Management Company operating across mutual funds, PMS, AIFs, and offshore advisory services.[1]