Capital Markets
Valuation | |
|---|---|
| Market Cap | 1.17 LCr |
| Price/Earnings (Trailing) | 40.68 |
| Price/Sales (Trailing) | 25.52 |
| EV/EBITDA | 30.84 |
| Price/Free Cashflow | 60.94 |
| MarketCap/EBT | 31.54 |
| Enterprise Value | 1.17 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -3.6% |
| Price Change 1M | 8.1% |
| Price Change 6M | -6.2% |
| Price Change 1Y | 44.1% |
| 3Y Cumulative Return | 43.3% |
| 5Y Cumulative Return | 13.2% |
| 7Y Cumulative Return | 22.1% |
Cash Flow & Liquidity |
|---|
| Revenue (TTM) |
| 4.58 kCr |
| Rev. Growth (Yr) | 20.1% |
| Earnings (TTM) | 2.87 kCr |
| Earnings Growth (Yr) | 20% |
Profitability | |
|---|---|
| Operating Margin | 81% |
| EBT Margin | 81% |
| Return on Equity | 37.12% |
| Return on Assets | 34.08% |
| Free Cashflow Yield | 1.64% |
| Cash Flow from Investing (TTM) | -598.05 Cr |
| Cash Flow from Operations (TTM) | 2.07 kCr |
| Cash Flow from Financing (TTM) | -1.48 kCr |
| Cash & Equivalents | 38.42 Cr |
| Free Cash Flow (TTM) | 2.04 kCr |
| Free Cash Flow/Share (TTM) | 95.14 |
Balance Sheet | |
|---|---|
| Total Assets | 8.43 kCr |
| Total Liabilities | 692.29 Cr |
| Shareholder Equity | 7.74 kCr |
| Net PPE | 217.87 Cr |
| Inventory | 0.00 |
| Goodwill | 6.04 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 302.65 |
| Interest/Cashflow Ops | 205.01 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 45 |
| Dividend Yield | 1.69% |
| Shares Dilution (1Y) | 0.20% |
| Shares Dilution (3Y) | 0.40% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 63%.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 43.3% return compared to 12.6% by NIFTY 50.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Size: It is among the top 200 market size companies of india.
No major cons observed.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 63%.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 43.3% return compared to 12.6% by NIFTY 50.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Size: It is among the top 200 market size companies of india.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 1.69% |
| Dividend/Share (TTM) | 45 |
| Shares Dilution (1Y) | 0.20% |
| Earnings/Share (TTM) | 67.17 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 74.08 |
| RSI (5d) | 44.61 |
| RSI (21d) | 63.43 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Updated May 4, 2025
HDFC AMC reported a softer quarter with core income missing expectations due to a decline in revenue and weaker yields.
Equity share fell to 60% amid market corrections, reflecting the impact of broader industry trends.
A new ESOP scheme pending shareholder approval may slightly increase projected staff costs.
Summary of HDFC Asset Management Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for HDFC Asset Management Company, citing strong performance metrics and market engagement. The total Assets Under Management (AUM) surpassed INR 9 trillion, with equity-oriented AUM exceeding INR 6 trillion, representing 65.5% of the asset mix. The firm's unique investor base grew to 15.4 million, a 6.4 million increase year-over-year, with a penetration rate of 26%.
Key forward-looking points include:
Overall, management remains positive about the growth trajectory of the mutual fund market and HDFC AMC's ability to adapt and thrive in the evolving landscape.
Understand HDFC Asset Management Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| HDFC BANK LIMITED | 52.38% |
| NPS TRUST A/C | 2.59% |
| ZULIA INVESTMENTS PTE. LTD. | 1.19% |
| ICICI Mutual Fund | 1.09% |
| SMALLCAP WORLD FUND, INC | 1.06% |
| Griha Investments | 0% |
| Griha Pte Limited | 0% |
Detailed comparison of HDFC Asset Management Co. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NAM-INDIA | NIPPON LIFE INDIA ASSET MANAGEMENT | 59.94 kCr | 2.82 kCr | +10.40% | - | 41.41 | 21.27 | - | - |
| ABSLAMC | Aditya Birla Sun Life AMC | 25.88 kCr | 2.13 kCr |
Comprehensive comparison against sector averages
HDFCAMC metrics compared to Capital
| Category | HDFCAMC | Capital |
|---|---|---|
| PE | 41.87 | 32.92 |
| PS | 26.28 | 10.65 |
| Growth | 18 % | 4.6 % |
HDFC Asset Management Co. is a prominent Asset Management Company based in Mumbai, Maharashtra. It operates as a publicly owned investment manager with the stock ticker HDFCAMC and boasts a market capitalization of Rs. 94,679.4 Crores.
The firm specializes in launching and managing a variety of mutual funds, including equity, fixed income, balanced, and real estate portfolios. HDFC Asset Management Co. actively invests in both public equity and fixed income markets, employing fundamental analysis to guide its investment decisions.
Founded on December 10, 1999, the company is a subsidiary of HDFC Bank Limited. Over the trailing 12 months, it has generated a revenue of Rs. 3,885.9 Crores and achieved a profit of Rs. 2,362.6 Crores in the last four quarters.
HDFC Asset Management Co. also distributes dividends to its investors, offering a dividend yield of 1.66% per year, having returned Rs. 70 dividend per share in the past 12 months. However, it has diluted the shareholdings of its investors slightly, with a 0.3% dilution over the past three years. Notably, the company has experienced impressive growth with a 31.7% revenue growth in the last year.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
HDFCAMC vs Capital (2021 - 2026)
Allotment of ESOP / ESPS • 17 Feb 2026 Allotment of Equity shares pursuant to Employee Stock Options Scheme |
Analyst / Investor Meet • 02 Feb 2026 Intimation of Investor/analyst meeting/conference - Schedule of Meet |
Earnings Call Transcript • 16 Jan 2026 Earnings Call Transcript dated January 14, 2026 |
Newspaper Publication • 15 Jan 2026 Newspaper Publication related to Financial Results of Q3 FY26 |
Analyst / Investor Meet • 14 Jan 2026 Audio Recording of earnings call - Q3 FY26 Financial Results |
Investor Presentation • 14 Jan 2026 Investor Presentation and Press Release for the quarter and nine months ended December 31, 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question from Kushagra Goel (CLSA): "Your operating profit margin, that sort of went up by 1 bp or so. So just wanted to understand if there was some specific reason?"
Answer: "Yes, you're correct that the operating profit margin increased by 1 basis point due to lower other expenses this quarter. In the previous quarter, we had larger CSR expenditures and higher marketing costs which weren't as prominent this time."
Question from Kushagra Goel (CLSA): "In terms of your growth momentum, how do you see it going forward? Can you share some guidance?"
Answer: "Despite market volatility, SIP flows remain strong with the industry reporting INR 31,000 crores in December. We continue to add new investors consistently across all channels, making me optimistic about our growth over the coming years."
Question from Mohit Mangal (Centrum): "On the PMS and AIF, could you clarify the NDPMS and PMS fee, and how big is the EPFO mandate?"
Answer: "In PMS, our focus spans both discretionary and non-discretionary segments. We aim to build our capabilities for the EPFO mandate, which operates under tight margins but allows us to grow our execution capabilities significantly."
Question from Devesh Agarwal (IIFL Capital): "What are the asset class yields for this quarter?"
Answer: "Equity yields were around 56-57 basis points, debt yielded 27-28 basis points, and liquid yields ranged from 12-13 basis points. The blended yield is approximately 45 basis points for the quarter."
Question from Devesh Agarwal (IIFL Capital): "What is the impact of the two upcoming regulatory changes expected to go live from April 1?"
Answer: "The removal of the 5 bps additional TER will have a significant industry-wide impact, estimated at INR 2,200 crores. We will optimize pricing strategies and manage the financial implications carefully to protect our margins."
Question from Sucrit D. Patil (Eyesight Fintrade): "How do you foresee product innovation and engagement amidst rising passive flows?"
Answer: "We feel our product offering is already comprehensive. While we may launch select thematic funds, we aim to refine our existing products, enhance our PMS and AIF offerings, and maintain a strong investor engagement platform."
Question from Abhijeet Sakhare (Kotak): "Is it easier to cut commissions of better-performing funds to protect profitability?"
Answer: "We strive for a balanced approach, considering the interests of our investors, distributors, and our company's profitability. We focus on win-win solutions rather than a blanket approach across all funds."
Question from Madhukar Ladha (JP Morgan): "What has been the ramp-up from HDFC Bank and how might this channel contribute to AUM?"
Answer: "HDFC Bank remains a crucial partner. Our market share in equity through this channel is significantly higher than our average, reflecting comfort in our offerings. Increased attention on SIPs will further boost our AUM over time."
| HDFC International Life and Re Company Limited | 0% |
| HDFC Securities Limited | 0% |
| HDB Financial Services Limited | 0% |
| HDFC Sales Private Limited | 0% |
| HDFC Ergo General Insurance Company Limited | 0% |
| HDFC Life Insurance Company Limited | 0% |
| HDFC Capital Advisors Limited | 0% |
| HDFC PENSION FUND MANAGEMENT LIMITED | 0% |
| HDFC Securities IFSC Limited | 0% |
| HDFC Trustee Company Limited | 0% |
| HDFC AMC International (IFSC) Limited | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +13.90% |
| +37.30% |
| 25.46 |
| 12.12 |
| - |
| - |
| UTIAMC | UTI Asset Management Co. | 13.58 kCr | 1.86 kCr | -1.50% | +11.40% | 24.25 | 7.29 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| -28% |
| 73 |
| 101 |
| 84 |
| 73 |
| 74 |
| 87 |
| Profit Before exceptional items and Tax | 15.8% | 1,014 | 876 | 986 | 835 | 840 | 858 |
| Total profit before tax | 15.8% | 1,014 | 876 | 986 | 835 | 840 | 858 |
| Current tax | 50% | 223 | 149 | 222 | 194 | 184 | 187 |
| Deferred tax | 167% | 21 | 8.49 | 17 | 2.19 | 14 | 95 |
| Tax expense | 55.4% | 245 | 158 | 238 | 197 | 198 | 282 |
| Total profit (loss) for period | 7.1% | 769 | 718 | 748 | 638 | 641 | 577 |
| Other comp. income net of taxes | -302.1% | 0.03 | 1.48 | -4.44 | 0.04 | 0.91 | 0.36 |
| Total Comprehensive Income | 6.8% | 769 | 720 | 743 | 638 | 642 | 577 |
| Reserve excluding revaluation reserves | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | 7.5% | 17.97 | 16.79 | 17.475 | 14.935 | 15.01 | 13.495 |
| Earnings Per Share, Diluted | 7.5% | 17.89 | 16.71 | 17.41 | 14.885 | 14.95 | 13.445 |
| Employee Expense |
| 9.9% |
| 388 |
| 353 |
| 313 |
| 312 |
| 227 |
| 215 |
| Finance costs | 4% | 9.41 | 9.09 | 9.69 | 8.64 | 8.95 | 8.98 |
| Depreciation and Amortization | 11.8% | 58 | 52 | 53 | 54 | 55 | 50 |
| Fees and commission expenses | 93.2% | 3.86 | 2.48 | 3.68 | 5.41 | 5.69 | 21 |
| Impairment on financial instruments | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 16.9% | 312 | 267 | 233 | 198 | 156 | 195 |
| Profit Before exceptional items and Tax | 32.6% | 3,286 | 2,478 | 1,871 | 1,855 | 1,749 | 1,653 |
| Total profit before tax | 32.6% | 3,286 | 2,478 | 1,871 | 1,855 | 1,749 | 1,653 |
| Current tax | 41% | 730 | 518 | 421 | 419 | 369 | 411 |
| Deferred tax | 571.4% | 95 | 15 | 25 | 43 | 54 | -19.88 |
| Tax expense | 55.2% | 825 | 532 | 447 | 462 | 423 | 391 |
| Total profit (loss) for period | 26.5% | 2,461 | 1,946 | 1,424 | 1,393 | 1,326 | 1,262 |
| Other comp. income net of taxes | -45.9% | -2.78 | -1.59 | 0.42 | 0.49 | -0.69 | -3.08 |
| Total Comprehensive Income | 26.5% | 2,458 | 1,944 | 1,424 | 1,394 | 1,325 | 1,259 |
| Reserve excluding revaluation reserves | 15.1% | 8,027 | 6,972 | - | 5,423 | 4,670 | - |
| Earnings Per Share, Basic | 27% | 57.6 | 45.575 | 33.375 | 32.68 | 31.14 | 29.685 |
| Earnings Per Share, Diluted | 26.7% | 57.395 | 45.52 | 33.365 | 32.655 | 31.08 | 29.62 |
| 20% |
| 217 |
| 181 |
| 136 |
| 136 |
| 123 |
| 138 |
| Goodwill | 0% | 6.04 | 6.04 | 6.04 | 6.04 | 6.04 | 6.04 |
| Total non-financial assets | 18% | 329 | 279 | 226 | - | - | - |
| Total assets | -3.6% | 8,435 | 8,754 | 7,333 | 7,558 | 6,430 | 6,537 |
| Equity share capital | 0% | 107 | 107 | 107 | 107 | 107 | 107 |
| Total equity | -4.8% | 7,744 | 8,134 | 6,799 | 7,079 | 6,025 | 6,108 |
| Total financial liabilities | 8.5% | 308 | 284 | 226 | - | - | - |
| Current tax liabilities | 78.9% | 35 | 20 | 25 | 6.26 | 42 | 18 |
| Provisions | 35% | 28 | 21 | 22 | 16 | 17 | 13 |
| Total non financial liabilities | 14.4% | 383 | 335 | 309 | - | - | - |
| Total liabilities | 11.7% | 691 | 619 | - | 478 | 405 | 428 |
| Total equity and liabilities | -3.6% | 8,435 | 8,754 | 7,333 | 7,558 | 6,430 | 6,537 |
| 35.3% |
| 717 |
| 530 |
| 410 |
| 415 |
| - |
| - |
| Net Cashflows From Operating Activities | 28.2% | 2,077 | 1,620 | 1,149 | 1,254 | - | - |
| Proceeds from sales of PPE | 5.3% | 0.1 | 0.05 | 0.12 | 0.06 | - | - |
| Purchase of property, plant and equipment | 200% | 40 | 14 | 7.36 | 7.54 | - | - |
| Purchase of intangible assets | 2.5% | 5.11 | 5.01 | 6.74 | 2.69 | - | - |
| Dividends received | 71.4% | 0.78 | 0.23 | 0.23 | 0.19 | - | - |
| Interest received | -44.1% | 20 | 35 | 35 | 47 | - | - |
| Net Cashflows From Investing Activities | -9.8% | -600.26 | -546.74 | -218.17 | -508.01 | - | - |
| Proceeds from exercise of stock options | 2189.6% | 69 | 3.97 | 9.78 | 21 | - | - |
| Payments of lease liabilities | 6.7% | 49 | 46 | 44 | 42 | - | - |
| Dividends paid | 45.9% | 1,495 | 1,025 | 896 | 724 | - | - |
| Other inflows (outflows) of cash | - | 0.01 | 0 | 0 | 0 | - | - |
| Net Cashflows From Financing Activities | -38.3% | -1,475.07 | -1,066.18 | -929.9 | -745.53 | - | - |
| Net change in cash and cash eq. | -93.9% | 1.37 | 7.09 | 1.25 | 0.19 | - | - |
Code of Conduct under SEBI (PIT) Regulations, 2015 • 14 Jan 2026 Amendment in Code of Practices and Procedures for Fair Disclosure of Unpublished price sensitive information |