HDFC Asset Management Company Ltd.

•

hdfcfund.comBSE: 541729NSE: HDFCAMC

Market Cap₹ 1,03,258 Cr.

Current Price

High / Low₹ 2,967 / 2,206

Stock P/E35.0

Book Value₹ 230

Price to Book10.51

Dividend Yield2.24 %

ROCE42.9 %

ROE33.6 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Solid return on assets for a lender - ROA of 30.5%
Company has a healthy return on capital (ROCE) of 41.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 32.2%
Asset quality is healthy - gross NPA of just 0.0%
Company generates healthy free cash flow

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Operating margins have contracted to 79.9% from 89.2%
Stock is trading at 10.5x its book value
Valuation is stretched - P/E of 35.0 is well above its own 5-year median (20.6)
Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Asset Management

Part ofNIFTY NEXT 50 NIFTY ALPHA 50 NIFTY100 QUALTY30 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250

S.No.	Name
1.	ICICIAMC	3040.40	219.99	150274.36	3.36	9646.30	1130.96	15642.20	1075.51	115.10	72.41
2.	SBIFUNDS	544.55	36.16	110915.45	14.62	8802.55	—	11527.29	—	56.50	80.51
3.	HDFCAMC	2408.00	35.03	103257.58	2.24	8371.30	1019.83	10997.20	1035.90	42.89	77.33
4.	NAM-INDIA	1192.00	46.59	76261.96	1.80	503.70	27.16	766.87	26.42	44.61	66.30
5.	ABSLAMC	1100.10	31.60	31832.33	2.32	309.49	11.68	462.96	3.48	32.71	55.65
6.	UTIAMC	908.75	25.33	11681.00	4.40	293.86	15.76	583.51	7.42	14.61	65.56
7.	CRAMC	238.85	21.81	4763.09	1.67	756.03	1139.86	1162.01	1097.36	41.10	62.65
8.	IVC	9.14	58.29	287.03	13.13	12.12	5239.21	81.72	1309.69	4.55	-18.65

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	575	643	671	695	775	887	935	901	968	1,027	1,075	1,052	10,997
	146	162	162	157	181	184	171	171	195	227	199	206	2,735
Operating Profit	428	481	509	539	594	703	764	730	773	801	876	845	8,504
OPM %	74.57%	74.81%	75.85%	77.46%	76.67%	79.29%	81.73%	81.01%	79.84%	77.94%	81.52%	80.37%	77.33%
Other Income	158	122	143	156	173	171	93	124	233	96	159	12	2,628
Interest	2	2	2	2	2	2	2	3	3	3	3	4	37
Depreciation	13	13	13	13	13	14	15	17	17	18	18	19	205
	571	588	637	679	752	858	840	835	986	876	1,014	834	10,890
Tax %	16.43%	25.77%	23.38%	20.33%	19.74%	32.83%	23.63%	23.54%	24.16%	17.98%	24.12%	25.30%	23.13%
Net Profit	0	0	0	0	604	577	641	638	748	718	769	623	8,371
	22	20	23	25	28	27	15	15	17	34	18	15	20

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,167	2,584	3,498	4,122	14,151
	550	627	707	827	3,367
Operating Profit	1,617	1,957	2,792	3,295	10,784
OPM %	74.64%	75.74%	79.80%	79.94%	76.21%
	316	579	562	500	2,895
Interest	10	9	9	13	47
Depreciation	53	52	59	73	261
Profit before Tax	1,870	2,475	3,286	3,709	13,614
Tax %	23.89%	21.51%	25.12%	22.95%	23.01%
Net Profit	1,423	1,943	2,460	2,858	10,482
EPS	66.71	91.00	115.07	66.71	—
Dividend Payout %	71.97%	76.92%	78.21%	80.94%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 26%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 8%
3 Years:: 22%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 32%
Last Year:: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	107	107	107	214
	5,890	6,810	7,865	8,818
	96	88	112	172
Trade Payables	34	39	40	47
	410	510	626	740
Total Liabilities	6,536	7,554	8,751	9,991
	150	153	198	273
	6,076	7,156	8,255	9,362
	0	93	134	159
Cash & Bank	7	40	42	43
	302	112	122	156
Total Assets	6,536	7,554	8,751	9,991

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,560	1,615	2,075	2,528
Cash from Investing	-217	-542	-598	-643
Cash from Financing	-930	-1,066	-1,475	-1,886
	3	6	2	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.52	52.51	52.48	52.47	52.44	52.42	52.38	52.37	52.34
	20.60	21.55	21.32	20.51	21.97	24.69	23.99	24.45	24.10
	17.67	16.92	17.04	18.01	16.66	14.13	14.90	14.42	14.76
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	9.20	9.02	9.16	9.00	8.92	8.75	8.73	8.75	8.80

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - HDFC Asset Management Company Limited has informed the Exchange about Schedule of meet

2026-08-20

Allotment of Securities

2026-08-20 - HDFC Asset Management Company Limited has informed the Exchange regarding allotment of 23752 securities pursuant to ESOP/ESPS at its meeting held on August 20, 2026

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - HDFC Asset Management Company Limited has informed the Exchange about Schedule of meet

2026-08-11

General Updates

2026-08-11 - HDFC Asset Management Company Limited has informed the Exchange about ESG rating

2026-08-04

Resignation of Director/KMP/SMP

2026-08-04 - HDFC Asset Management Company Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-04

Change in Management

2026-08-04 - HDFC Asset Management Company Limited has informed the Exchange about change in Management

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - HDFC Asset Management Company Limited has informed the Exchange about Schedule of meet

2026-07-20

Allotment of Securities

2026-07-20 - HDFC Asset Management Company Limited has informed the Exchange regarding allotment of 133528 securities pursuant to ESOP/ESPS at its meeting held on July 20, 2026

2026-07-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-17 - HDFC Asset Management Company Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for HDFCAMC

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HDFC Asset Management Company Ltd.

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Free 5nance Account

Name

ICICIAMC

3040.40

219.99

150274.36

3.36

9646.30

1130.96

15642.20

1075.51

115.10

72.41

SBIFUNDS

544.55

36.16

110915.45

14.62

8802.55

—

11527.29

—

56.50

80.51

HDFCAMC

2408.00

35.03

103257.58

2.24

8371.30

1019.83

10997.20

1035.90

42.89

77.33

NAM-INDIA

1192.00

46.59

76261.96

1.80

503.70

27.16

766.87

26.42

44.61

66.30

ABSLAMC

1100.10

31.60

31832.33

2.32

309.49

11.68

462.96

3.48

32.71

55.65

UTIAMC

908.75

25.33

11681.00

4.40

293.86

15.76

583.51

7.42

14.61

65.56

CRAMC

238.85

21.81

4763.09

1.67

756.03

1139.86

1162.01

1097.36

41.10

62.65

IVC

9.14

58.29

287.03

13.13

12.12

5239.21

81.72

1309.69

4.55

-18.65

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

575

643

671

695

775

887

935

901

968

1,027

1,075

1,052

10,997

146

162

157

181

184

171

195

227

199

206

2,735

Operating Profit

428

481

509

539

594

703

764

730

773

801

876

845

8,504

OPM %

74.57%

74.81%

75.85%

77.46%

76.67%

79.29%

81.73%

81.01%

79.84%

77.94%

81.52%

80.37%

77.33%

Other Income

158

122

143

156

173

171

124

233

159

2,628

Interest

Depreciation

205

571

588

637

679

752

858

840

835

986

876

1,014

834

10,890

Tax %

16.43%

25.77%

23.38%

20.33%

19.74%

32.83%

23.63%

23.54%

24.16%

17.98%

24.12%

25.30%

23.13%

Net Profit

604

577

641

638

748

718

769

623

8,371

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,167

2,584

3,498

4,122

14,151

550

627

707

827

3,367

Operating Profit

1,617

1,957

2,792

3,295

10,784

OPM %

74.64%

75.74%

79.80%

79.94%

76.21%

316

579

562

500

2,895

Interest

Depreciation

261

Profit before Tax

1,870

2,475

3,286

3,709

13,614

Tax %

23.89%

21.51%

25.12%

22.95%

23.01%

Net Profit

1,423

1,943

2,460

2,858

10,482

EPS

66.71

91.00

115.07

66.71

—

Dividend Payout %

71.97%

76.92%

78.21%

80.94%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

107

214

5,890

6,810

7,865

8,818

112

172

Trade Payables

410

510

626

740

Total Liabilities

6,536

7,554

8,751

9,991

150

153

198

273

6,076

7,156

8,255

9,362

134

159

Cash & Bank

302

112

122

156

Total Assets

6,536

7,554

8,751

9,991

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,560

1,615

2,075

2,528

Cash from Investing

-217

-542

-598

-643

Cash from Financing

-930

-1,066

-1,475

-1,886

-1

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

52.52

52.51

52.48

52.47

52.44

52.42

52.38

52.37

52.34

20.60

21.55

21.32

20.51

21.97

24.69

23.99

24.45

24.10

17.67

16.92

17.04

18.01

16.66

14.13

14.90

14.42

14.76

Government

0.00

Public

9.20

9.02

9.16

9.00

8.92

8.75

8.73

8.75

8.80

HDFC Asset Management Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

HDFC Asset Management Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI