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HDFC Asset Management Company Ltd

₹ 2,622-1.45%
06 Jan – close price
🔗hdfcfund.com•BSE: 541729•NSE: HDFCAMC
Market Cap₹ 1,12,307 Cr.
Current Price₹ 2,622
High / Low₹ 2,967
Stock P/E40.9
Book Value₹ 181
Dividend Yield1.72 %
ROCE43.3 %
ROE32.4 %
Face Value₹ 5.00
Sales₹ 3,829 Cr.
OPM80.2 %
Mar Cap₹ 1,12,307 Cr.

ABOUT

Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services[1]

KEY POINTS

PromoterAs of Sep 2025, HDFC Bank holds a 52.42% stake in the company. HDFC Bank is India’s largest private sector bank by assets, with a presence across transaction banking, retail, MSME, and corporate banking. It has 9,455 branches, 21,139 ATMs spread cross 4,150 cities/towns and a presence in key global markets.[1][2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating Updates

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.ICICI AMC2695.6045.52133232.330.001617.7420.842949.3819.98110.994977.3373.022650.661603.66–67.620.00
2.HDFC AMC2622.1040.90112306.771.72718.0624.471026.0415.6543.333829.3880.152746.17718.0614.4930.180.00
3.Nippon Life Ind.890.1042.4956707.542.02344.64-4.29658.1215.2040.692419.1664.841334.72344.6412.9328.440.02
4.Aditya AMC849.9525.2824544.642.82241.32-0.42461.328.7535.511782.6659.84970.98241.326.8824.440.02
5.UTI AMC1133.9024.7814572.572.29132.20-52.75418.55-22.2621.021758.9352.25588.01113.013.3214.790.00
6.Canara Robeco310.7032.726195.900.4848.71-2.68107.653.0347.72403.8465.43190.7048.71–32.030.03
7.Shriram AMC406.00–687.290.00-4.40-21.212.9754.69-23.169.08-188.22-17.52-4.404.23-22.450.00
–Median: 8 Co.870.0332.7219558.61.87186.76-1.55439.9411.9738.11770.864.84779.5177.165.5526.440.0

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
5606719345757759685416959015456438871,026
Expenses
146160170146180194130156170140161183225
Operating Profit
413511764429595774411539731405482704801
Other Income
103142931581732339715512410412217196
Profit before tax
501639840571752986492679835493589859876
Tax %
26%23%24%16%20%24%24%20%24%26%26%33%18%
Net Profit
369490641478604748376541639364438577718
EPS in Rs
8.6611.4715.0011.1914.1417.488.8112.6714.948.5410.2513.5016.78

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
8981,0561,4901,5681,8702,0752,1242,1942,4292,4783,1594,0503,829
Expenses
372432775776802709431388515549623704760
Operating Profit
5256247157921,0681,3661,6931,8061,9131,9292,5363,3463,069
Other Income
694200221984449545
Interest
000000999109911
Depreciation
810111291350555453525866
Profit before tax
5226237088001,0581,3751,6531,7491,8551,8712,4783,2863,537
Net Profit
3584164785507119311,2621,3261,3931,4241,9462,4612,746
EPS in Rs
70.8582.2895.01109.3916.8921.8929.6631.1332.6633.3645.5757.5564.20
Dividend Payout %
35%39%42%42%47%55%47%55%64%72%77%78%–

Compounded Profit Growth

10 Years:19%
5 Years:14%
3 Years:21%
TTM:24%

Compounded Sales Growth

10 Years:14%
5 Years:14%
3 Years:19%
TTM:26%

Return on Equity

10 Years:31%
5 Years:29%
3 Years:29%
Last Year:32%

Stock Price CAGR

10 Years:%
5 Years:11%
3 Years:35%
1 Year:29%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
25252525105106106106107107107107107
Reserves
8761,0951,1261,3982,1492,9643,9234,6705,4236,0026,9728,0277,637
Borrowings
0000000000000
Other Liabilities
220192272177218153279319350428478619691
Total Liabilities
1,1211,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7548,435
Fixed Assets
283431313140157153135150151197232
Gross Block
156.27169.62173.48182.3737.9457.35282.93306.45266.21306.86326.73378.62–
Accumulated Depreciation
128.47135.82142.32151.197.0117.65126.22153.23131.11156.39175.43181.61–
CWIP
0012635102100
Investments
7376519861,2372,0582,9353,9454,7535,5706,0797,1908,2897,901
Other Assets
357627405329378246203187175305215267302
Total Assets
1,1211,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7548,435

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
––7424556188941,2851,0851,2541,1491,6202,077
Cash from Investing Activity
––-297-176-633-777-928-483-508-218-547-600
Cash from Financing Activity
––-447-27915-119-332-628-746-930-1,066-1,475
Net Cash Flow
––-201-126-250171

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
669201815101311271112
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
669201815101311271112
Working Capital Days
-31990917-1111-22-17-16-4-18-14
ROCE %
65%62%62%62%58%52%47%40%36%32%38%43%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025
Promoters
62.78%62.76%52.55%52.55%52.55%52.55%52.52%52.51%52.48%52.47%52.44%52.42%52.38%
FIIs
12.09%7.50%12.99%16.12%17.99%20.01%20.60%21.55%21.32%20.51%21.97%24.69%24.48%
DIIs
13.40%17.63%22.32%20.66%19.50%18.37%17.67%16.92%17.04%18.01%16.66%14.13%14.40%
Public
11.72%12.10%12.15%10.67%9.96%9.06%9.20%9.01%9.15%8.99%8.92%8.74%8.73%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

HDFC AMC Grants 1.14 Lakh Equity Shares via Stock Options and PSUs

30th March 2026, 4:28 pm

HDFC AMC Board Meeting Scheduled for April 16, 2026, to Consider March 31, 2026 Results and Dividend

24th March 2026, 11:46 pm

HDFC AMC Announces Senior Management Re-designations

6th March 2026, 9:21 pm

HDFC AMC Schedules Investor Meetings for March 2026

2nd March 2026, 9:08 pm

HDFC Asset Management Company Allots Equity Shares Under ESOP Scheme, Increases Paid-up Share Capital

17th February 2026, 7:17 pm

Published by Other Websites

External media mentions & references

Bernstein Bets on ICICI Pru AMC, Targets ₹3,500 with 23% Upside

2nd April 2026, 9:17 am

Angel One, BSE Stocks Soar as RBI Delays Broker Exposure Rules

1st April 2026, 10:25 am

India's Ageing Boom: 4 Financial Stocks Set to Profit from Demographic Shift

28th March 2026, 6:37 am

India's MF Surge: Top AMC Stocks Offer Growth Amidst Financialization

27th March 2026, 10:01 am

Motilal Oswal Buys ICICI Pru AMC, Targets 21% Jump to ₹3,500

27th March 2026, 6:21 am

News Articles

Editorial & research coverage

EPFO Revamps Rs 31 Trillion Fund Management, Seeks New Custodian
EPFO Revamps Rs 31 Trillion Fund Management, Seeks New Custodian

9th February 2026, 8:47 pm

Jefferies Bets Big on India: 7 Stocks Poised for 27% Upside
Jefferies Bets Big on India: 7 Stocks Poised for 27% Upside

6th February 2026, 12:55 pm

Indian ETFs Plunge: Silver Hit Hardest by Fed Speculation
Indian ETFs Plunge: Silver Hit Hardest by Fed Speculation

5th February 2026, 9:37 am

Nifty Next 50 Rejig Signals CV Sector Surge Amidst Capital Flows
Nifty Next 50 Rejig Signals CV Sector Surge Amidst Capital Flows

4th February 2026, 11:24 am

Precious Metals Rebound After Margin-Induced Sell-Off
Precious Metals Rebound After Margin-Induced Sell-Off

3rd February 2026, 11:51 am

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

1d - HDFC AMC to attend Goldman Sachs 2026 Asia Financials Corporate Day virtually on January 20, 2026.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

2d - IFC to anchor HDFC AMC Structured Credit Fund-I with up to INR 220 crore; first close INR 1,290 crore.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

2 Jan - Of conference call on financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Intimation for Considering And Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ending December 31, 2025

24 Dec - Board meeting Jan 14, 2026 to approve unaudited Q/9M results (Dec 31, 2025); trading window Jan 1–16, 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

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Financial Year 2022

(from bse)

Financial Year 2021

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Financial Year 2020

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Financial Year 2019

(from bse)

Financial Year 2008

(from bse)

Financial Year 2007

(from bse)

Financial Year 2002

(from bse)

Financial Year 2001

(from bse)

Credit Ratings

Rating update

2 Jun 2025 from icra

Rating update

13 Mar 2025 from icra

Rating update

3 Apr 2024 from icra

Rating update

21 Apr 2023 from icra

Rating update

29 Apr 2022 from icra

Rating update

17 May 2021 from icra

Concalls

Oct 2025

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Stock Analysis

Description

  1. Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services.

Key Growth Triggers

  1. Continued strong SIP inflows across the industry and for HDFC AMC, reaching record levels.
  2. Expansion in the PMS and Alternative Investment Fund (AIF) segments, including the launch and first close of a Structured Credit Fund.
  3. Strategic partnership with IFC for the Structured Credit Fund.
  4. Focus on digital platforms and expanding investor engagement to drive growth.
  5. Optimistic outlook on overall industry growth driven by financialization of savings.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. January 14, 2026: Board meeting held to approve Q3 FY26 financial results.
  2. November 26, 2025: Record date for the proposed 1:1 bonus share issuance.

Corporate Announcements

30th Mar 26
Impact Rating: 7
HDFC Asset Management Company Limited approved the grant of 85,100 stock options and 29,200 PSUs to eligible employees, aggregating 1,14,300 equity shares. Options are priced at ₹2,313.90 and PSUs at ₹5 per share under the 2025 scheme.
24th Mar 26
Impact Rating: 2
No description available.
6th Mar 26
Impact Rating: 6
HDFC AMC announced senior management changes effective March 7, 2026. Shobhit Mehrotra will transition to Head – New Initiatives – Fixed Income, and Anil Bamboli will head Fixed Income.
2nd Mar 26
Impact Rating: 6
HDFC AMC has scheduled investor and analyst meetings for March 2026, including a group meeting with Autonomous Research on March 10 and participation in Morgan Stanley's Virtual India Financials Seminar on March 19.
17th Feb 26
Impact Rating: 5
HDFC AMC approved the allotment of 51,428 equity shares pursuant to the exercise of stock options under its Employee Stock Option Scheme 2020.