HDFC Asset Management Company Ltd.

•

₹ 2,610-0.53%

2026-08-21

hdfcfund.comBSE: 541729NSE: HDFCAMC

Market Cap₹ 1,08,826 Cr.

Current Price₹ 2,624

High / Low₹ 2,967 / 2,206

Stock P/E0.0

Book Value₹ 230

Price to Book10.51

Dividend Yield2.13 %

ROCE42.9 %

ROE33.6 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Mutual Fund: 98.7% • Portfolio Management: 1.3%

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 32.3%
Asset quality is healthy - gross NPA of just 0.0%
Company has delivered good sales growth of 17.3% CAGR over last 5 years

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Operating margins have contracted to 80.1% from 89.2%
Stock is trading at 10.5x its book value
Thin net interest margin of 0.0%
Valuation is stretched - P/E of 33.2 is well above its own 5-year median (20.6)

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

Peer comparison

EDIT COLUMNS

Financial ServicesFinanceFinance - Asset Management

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ICICIAMC	3262.05	236.03	161229.60	3.13	9646.30	1130.96	15642.20	1075.51	115.10	72.41
2.	SBIFUNDS	553.75	36.77	112789.33	14.37	8802.55	—	11527.29	—	56.50	80.51
3.	HDFCAMC	2538.00	36.92	108826.09	2.13	8371.30	1019.83	10997.20	1035.90	42.89	77.33
4.	NAM-INDIA	1210.10	47.29	77412.28	1.78	503.70	27.16	766.87	26.42	44.61	66.30
5.	ABSLAMC	1002.30	28.79	29002.40	2.54	309.49	11.68	462.96	3.48	32.71	55.65
6.	UTIAMC	893.45	24.90	11484.30	4.48	2938.60	1057.57	5835.10	966.96	14.61	65.56
7.	CRAMC	251.40	0.00	5013.35	1.59	756.03	1139.86	1162.01	1097.36	41.10	62.65
8.	IVC	8.25	52.62	259.08	8.48	12.12	5239.21	81.72	1309.69	7.18	-18.65

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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	934	901	968	1,026	1,074	1,050	10,985
	146	161	160	156	180	183	170	170	194	225	197	205	2,708
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	158	122	142	155	173	171	93	124	233	96	159	11	2,626
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	204
	571	589	639	679	752	859	840	835	986	876	1,015	834	10,902
Tax %	16.43%	25.73%	23.31%	20.32%	19.73%	32.82%	23.63%	23.54%	24.15%	17.99%	24.10%	25.26%	23.10%
Net Profit	478	438	490	541	604	577	641	639	748	718	770	623	8,384
	22	20	23	25	28	27	15	15	17	34	18	15	20
Equity Capital	107	107	107	107	107	107	107	107	107	107	214	214	2,143
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%
Equity Capital	107	107	107	107	107	107	107	107	107	107	214	214	2,143
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%

Jun 2023

: 575
: 146
Operating Profit: —
OPM %: —
Other Income: 158
Interest: 2
Depreciation: 13
: 571
Tax %: 16.43%
Net Profit: 478
: 22
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 643
: 161
Operating Profit: —
OPM %: —
Other Income: 122
Interest: 2
Depreciation: 13
: 589
Tax %: 25.73%
Net Profit: 438
: 20
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 671
: 160
Operating Profit: —
OPM %: —
Other Income: 142
Interest: 2
Depreciation: 13
: 639
Tax %: 23.31%
Net Profit: 490
: 23
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 695
: 156
Operating Profit: —
OPM %: —
Other Income: 155
Interest: 2
Depreciation: 13
: 679
Tax %: 20.32%
Net Profit: 541
: 25
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 775
: 180
Operating Profit: —
OPM %: —
Other Income: 173
Interest: 2
Depreciation: 13
: 752
Tax %: 19.73%
Net Profit: 604
: 28
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 887
: 183
Operating Profit: —
OPM %: —
Other Income: 171
Interest: 2
Depreciation: 14
: 859
Tax %: 32.82%
Net Profit: 577
: 27
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 934
: 170
Operating Profit: —
OPM %: —
Other Income: 93
Interest: 2
Depreciation: 15
: 840
Tax %: 23.63%
Net Profit: 641
: 15
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 901
: 170
Operating Profit: —
OPM %: —
Other Income: 124
Interest: 3
Depreciation: 17
: 835
Tax %: 23.54%
Net Profit: 639
: 15
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 968
: 194
Operating Profit: —
OPM %: —
Other Income: 233
Interest: 3
Depreciation: 17
: 986
Tax %: 24.15%
Net Profit: 748
: 17
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,026
: 225
Operating Profit: —
OPM %: —
Other Income: 96
Interest: 3
Depreciation: 18
: 876
Tax %: 17.99%
Net Profit: 718
: 34
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 107
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,074
: 197
Operating Profit: —
OPM %: —
Other Income: 159
Interest: 3
Depreciation: 18
: 1,015
Tax %: 24.10%
Net Profit: 770
: 18
Equity Capital: 214
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 214
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,050
: 205
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 4
Depreciation: 19
: 834
Tax %: 25.26%
Net Profit: 623
: 15
Equity Capital: 214
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 214
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 10,985
: 2,708
Operating Profit: —
OPM %: —
Other Income: 2,626
Interest: 37
Depreciation: 204
: 10,902
Tax %: 23.10%
Net Profit: 8,384
: 20
Equity Capital: 2,143
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2,143
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,480	1,757	1,915	2,003	1,853	2,115	2,167	2,584	3,498	4,119	14,136
	776	802	709	431	389	515	549	623	704	821	3,335
Operating Profit	812	1,068	1,388	1,712	1,813	1,918	1,934	2,540	3,354	3,796	—
OPM %	55	61	72	85	98	91	89	98	96	92	—
Other Income	108	113	182	140	349	318	316	578	560	499	2,892
Interest	0	0	0	9	9	9	10	9	9	13	47
Depreciation	12	9	13	50	55	54	53	52	58	73	259
	800	1,058	1,375	1,653	1,749	1,855	1,871	2,478	3,286	3,710	13,627
Tax %	31	33	32	24	24	25	24	21	25	23	23
Net Profit	550	711	931	1,262	1,326	1,393	1,424	1,946	2,461	2,859	10,495
EPS	27	34	44	59	62	65	67	91	115	67	—
Dividend Payout %	42	47	55	47	55	64	72	77	78	81	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	17	22	30	31	33	33	46	58	67	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	17	22	30	31	33	33	46	58	67	—

Mar 2017

: 1,480
: 776
Operating Profit: 812
OPM %: 55
Other Income: 108
Interest: 0
Depreciation: 12
: 800
Tax %: 31
Net Profit: 550
EPS: 27
Dividend Payout %: 42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2018

: 1,757
: 802
Operating Profit: 1,068
OPM %: 61
Other Income: 113
Interest: 0
Depreciation: 9
: 1,058
Tax %: 33
Net Profit: 711
EPS: 34
Dividend Payout %: 47
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 17

Mar 2019

: 1,915
: 709
Operating Profit: 1,388
OPM %: 72
Other Income: 182
Interest: 0
Depreciation: 13
: 1,375
Tax %: 32
Net Profit: 931
EPS: 44
Dividend Payout %: 55
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22

Mar 2020

: 2,003
: 431
Operating Profit: 1,712
OPM %: 85
Other Income: 140
Interest: 9
Depreciation: 50
: 1,653
Tax %: 24
Net Profit: 1,262
EPS: 59
Dividend Payout %: 47
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30

Mar 2021

: 1,853
: 389
Operating Profit: 1,813
OPM %: 98
Other Income: 349
Interest: 9
Depreciation: 55
: 1,749
Tax %: 24
Net Profit: 1,326
EPS: 62
Dividend Payout %: 55
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31

Mar 2022

: 2,115
: 515
Operating Profit: 1,918
OPM %: 91
Other Income: 318
Interest: 9
Depreciation: 54
: 1,855
Tax %: 25
Net Profit: 1,393
EPS: 65
Dividend Payout %: 64
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 33
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 33

Mar 2023

: 2,167
: 549
Operating Profit: 1,934
OPM %: 89
Other Income: 316
Interest: 10
Depreciation: 53
: 1,871
Tax %: 24
Net Profit: 1,424
EPS: 67
Dividend Payout %: 72
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 33
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 33

Mar 2024

: 2,584
: 623
Operating Profit: 2,540
OPM %: 98
Other Income: 578
Interest: 9
Depreciation: 52
: 2,478
Tax %: 21
Net Profit: 1,946
EPS: 91
Dividend Payout %: 77
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 46
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 46

Mar 2025

: 3,498
: 704
Operating Profit: 3,354
OPM %: 96
Other Income: 560
Interest: 9
Depreciation: 58
: 3,286
Tax %: 25
Net Profit: 2,461
EPS: 115
Dividend Payout %: 78
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 58
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 58

Mar 2026

: 4,119
: 821
Operating Profit: 3,796
OPM %: 92
Other Income: 499
Interest: 13
Depreciation: 73
: 3,710
Tax %: 23
Net Profit: 2,859
EPS: 67
Dividend Payout %: 81
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67

TTM

: 14,136
: 3,335
Operating Profit: —
OPM %: —
Other Income: 2,892
Interest: 47
Depreciation: 259
: 13,627
Tax %: 23
Net Profit: 10,495
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 17%
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: 20%
5 Years:: 17%
3 Years:: 26%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 12%
3 Years:: 29%
1 Year:: -8%

RETURN ON EQUITY

10 Years:: 33%
5 Years:: 30%
3 Years:: 32%
Last Year:: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	25	105	106	106	106	107	107	107	107	214
	1,398	2,139	2,955	3,916	4,657	5,351	5,890	6,814	7,869	8,821
Trade Payables	96	112	47	47	26	29	34	39	40	46
	71	116	115	218	305	394	505	598	738	908
Total Liabilities	1,590	2,472	3,224	4,287	5,095	5,880	6,537	7,558	8,754	9,988
ASSETS	-	-	-	-	-	-	-	-	-	-
	31	31	40	157	153	135	150	151	197	268
	1,237	2,058	2,935	3,945	4,753	5,570	6,079	7,190	8,289	9,396
	0	0	0	0	0	0	0	93	133	158
Cash & Bank	1	2	32	27	2	8	4	11	13	12
	321	381	217	159	186	167	303	112	122	154
Total Assets	1,590	2,472	3,224	4,287	5,095	5,880	6,537	7,558	8,754	9,988
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,143	188	763	2,036	1,043	1,275	1,137	1,508	1,957	2,390
Contingent Liabilities	0	1	4	6	6	8	8	8	8	19
Book Value per Share	565.40	106.59	144.01	189.02	223.69	255.88	281.00	324.21	373.07	210.90
Face Value	10.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,143	188	763	2,036	1,043	1,275	1,137	1,508	1,957	2,390
Contingent Liabilities	0	1	4	6	6	8	8	8	8	19
Book Value per Share	565.40	106.59	144.01	189.02	223.69	255.88	281.00	324.21	373.07	210.90
Face Value	10.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Mar 2017

Equity Capital: 25
: 1,398
Trade Payables: 96
: 71
Total Liabilities: 1,590
: 31
: 1,237
: 0
Cash & Bank: 1
: 321
Total Assets: 1,590
Total Debt: 0
Net Working Capital: 1,143
Contingent Liabilities: 0
Book Value per Share: 565.40
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,143
Contingent Liabilities: 0
Book Value per Share: 565.40
Face Value: 10.00

Mar 2018

Equity Capital: 105
: 2,139
Trade Payables: 112
: 116
Total Liabilities: 2,472
: 31
: 2,058
: 0
Cash & Bank: 2
: 381
Total Assets: 2,472
Total Debt: 0
Net Working Capital: 188
Contingent Liabilities: 1
Book Value per Share: 106.59
Face Value: 5.00
Total Debt: 0
Net Working Capital: 188
Contingent Liabilities: 1
Book Value per Share: 106.59
Face Value: 5.00

Mar 2019

Equity Capital: 106
: 2,955
Trade Payables: 47
: 115
Total Liabilities: 3,224
: 40
: 2,935
: 0
Cash & Bank: 32
: 217
Total Assets: 3,224
Total Debt: 0
Net Working Capital: 763
Contingent Liabilities: 4
Book Value per Share: 144.01
Face Value: 5.00
Total Debt: 0
Net Working Capital: 763
Contingent Liabilities: 4
Book Value per Share: 144.01
Face Value: 5.00

Mar 2020

Equity Capital: 106
: 3,916
Trade Payables: 47
: 218
Total Liabilities: 4,287
: 157
: 3,945
: 0
Cash & Bank: 27
: 159
Total Assets: 4,287
Total Debt: 0
Net Working Capital: 2,036
Contingent Liabilities: 6
Book Value per Share: 189.02
Face Value: 5.00
Total Debt: 0
Net Working Capital: 2,036
Contingent Liabilities: 6
Book Value per Share: 189.02
Face Value: 5.00

Mar 2021

Equity Capital: 106
: 4,657
Trade Payables: 26
: 305
Total Liabilities: 5,095
: 153
: 4,753
: 0
Cash & Bank: 2
: 186
Total Assets: 5,095
Total Debt: 0
Net Working Capital: 1,043
Contingent Liabilities: 6
Book Value per Share: 223.69
Face Value: 5.00
Total Debt: 0
Net Working Capital: 1,043
Contingent Liabilities: 6
Book Value per Share: 223.69
Face Value: 5.00

Mar 2022

Equity Capital: 107
: 5,351
Trade Payables: 29
: 394
Total Liabilities: 5,880
: 135
: 5,570
: 0
Cash & Bank: 8
: 167
Total Assets: 5,880
Total Debt: 0
Net Working Capital: 1,275
Contingent Liabilities: 8
Book Value per Share: 255.88
Face Value: 5.00
Total Debt: 0
Net Working Capital: 1,275
Contingent Liabilities: 8
Book Value per Share: 255.88
Face Value: 5.00

Mar 2023

Equity Capital: 107
: 5,890
Trade Payables: 34
: 505
Total Liabilities: 6,537
: 150
: 6,079
: 0
Cash & Bank: 4
: 303
Total Assets: 6,537
Total Debt: 0
Net Working Capital: 1,137
Contingent Liabilities: 8
Book Value per Share: 281.00
Face Value: 5.00
Total Debt: 0
Net Working Capital: 1,137
Contingent Liabilities: 8
Book Value per Share: 281.00
Face Value: 5.00

Mar 2024

Equity Capital: 107
: 6,814
Trade Payables: 39
: 598
Total Liabilities: 7,558
: 151
: 7,190
: 93
Cash & Bank: 11
: 112
Total Assets: 7,558
Total Debt: 0
Net Working Capital: 1,508
Contingent Liabilities: 8
Book Value per Share: 324.21
Face Value: 5.00
Total Debt: 0
Net Working Capital: 1,508
Contingent Liabilities: 8
Book Value per Share: 324.21
Face Value: 5.00

Mar 2025

Equity Capital: 107
: 7,869
Trade Payables: 40
: 738
Total Liabilities: 8,754
: 197
: 8,289
: 133
Cash & Bank: 13
: 122
Total Assets: 8,754
Total Debt: 0
Net Working Capital: 1,957
Contingent Liabilities: 8
Book Value per Share: 373.07
Face Value: 5.00
Total Debt: 0
Net Working Capital: 1,957
Contingent Liabilities: 8
Book Value per Share: 373.07
Face Value: 5.00

Mar 2026

Equity Capital: 214
: 8,821
Trade Payables: 46
: 908
Total Liabilities: 9,988
: 268
: 9,396
: 158
Cash & Bank: 12
: 154
Total Assets: 9,988
Total Debt: 0
Net Working Capital: 2,390
Contingent Liabilities: 19
Book Value per Share: 210.90
Face Value: 5.00
Total Debt: 0
Net Working Capital: 2,390
Contingent Liabilities: 19
Book Value per Share: 210.90
Face Value: 5.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	455	618	894	1,285	1,085	1,254	1,149	1,620	2,077	2,530
Cash from Investing	-176	-633	-777	-928	-483	-508	-218	-547	-600	-645
Cash from Financing	-279	15	-119	-332	-628	-746	-930	-1,066	-1,475	-1,886
	0	1	-1	26	-25	0	1	7	1	-1
Free Cash Flow	446	618	875	1,059	1,062	1,254	1,109	1,600	2,025	2,438
OCF / Net Profit	0.83	0.87	0.96	1.02	0.82	0.90	0.81	0.83	0.84	0.88
Cumulative 5-Year FCF	0	0	0	0	4,060	4,868	5,358	6,084	7,049	8,426
OCF / Net Profit	0.83	0.87	0.96	1.02	0.82	0.90	0.81	0.83	0.84	0.88
Cumulative 5-Year FCF	0	0	0	0	4,060	4,868	5,358	6,084	7,049	8,426

Mar 2017

: 455
Cash from Investing: -176
Cash from Financing: -279
: 0
Free Cash Flow: 446
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 0

Mar 2018

: 618
Cash from Investing: -633
Cash from Financing: 15
: 1
Free Cash Flow: 618
OCF / Net Profit: 0.87
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.87
Cumulative 5-Year FCF: 0

Mar 2019

: 894
Cash from Investing: -777
Cash from Financing: -119
: -1
Free Cash Flow: 875
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0

Mar 2020

: 1,285
Cash from Investing: -928
Cash from Financing: -332
: 26
Free Cash Flow: 1,059
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 0

Mar 2021

: 1,085
Cash from Investing: -483
Cash from Financing: -628
: -25
Free Cash Flow: 1,062
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 4,060
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 4,060

Mar 2022

: 1,254
Cash from Investing: -508
Cash from Financing: -746
: 0
Free Cash Flow: 1,254
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 4,868
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 4,868

Mar 2023

: 1,149
Cash from Investing: -218
Cash from Financing: -930
: 1
Free Cash Flow: 1,109
OCF / Net Profit: 0.81
Cumulative 5-Year FCF: 5,358
OCF / Net Profit: 0.81
Cumulative 5-Year FCF: 5,358

Mar 2024

: 1,620
Cash from Investing: -547
Cash from Financing: -1,066
: 7
Free Cash Flow: 1,600
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 6,084
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 6,084

Mar 2025

: 2,077
Cash from Investing: -600
Cash from Financing: -1,475
: 1
Free Cash Flow: 2,025
OCF / Net Profit: 0.84
Cumulative 5-Year FCF: 7,049
OCF / Net Profit: 0.84
Cumulative 5-Year FCF: 7,049

Mar 2026

: 2,530
Cash from Investing: -645
Cash from Financing: -1,886
: -1
Free Cash Flow: 2,438
OCF / Net Profit: 0.88
Cumulative 5-Year FCF: 8,426
OCF / Net Profit: 0.88
Cumulative 5-Year FCF: 8,426

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	218.64	33.78	43.78	59.32	62.25	65.32	66.72	91.15	115.11	66.75
Book Value (₹)	565.40	106.59	144.01	189.02	223.69	255.88	281.00	324.21	373.07	210.90
Dividend per Share (₹)	92.00	16.00	24.00	28.00	34.00	42.00	48.00	70.00	90.00	54.00
Cash EPS (₹)	13.96	17.11	22.19	30.85	32.43	33.92	34.61	46.80	58.92	68.44
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	54.85%	60.77%	72.45%	85.48%	97.88%	90.66%	89.24%	75.90%	79.87%	80.06%
Net Margin %	37.18%	40.49%	48.59%	63.02%	71.56%	65.86%	65.72%	75.29%	70.36%	69.43%
ROE %	42.75%	38.79%	35.08%	35.64%	30.18%	27.26%	24.86%	30.13%	33.04%	33.62%
ROCE %	62.14%	57.56%	51.64%	46.82%	39.93%	36.17%	32.31%	37.72%	43.33%	42.88%
	36.69%	35.02%	32.68%	33.62%	28.26%	25.39%	22.94%	27.61%	30.18%	30.51%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	15	18	16	13	14	13	22	20	12	13
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	15	18	16	13	14	13	22	20	12	13
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.00x	185.08x	196.41x	215.73x	194.05x	273.63x	350.25x	280.59x
	7.50x	1.88x	6.11x	11.96x	6.44x	8.13x	6.15x	6.78x	8.03x	8.68x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	2.60%	18.70%	9.02%	4.60%	-7.52%	14.19%	2.43%	19.27%	35.35%	17.74%
Operating Profit Growth %	12.85%	31.51%	29.97%	23.41%	5.89%	5.76%	0.83%	31.33%	32.08%	13.17%
Net Profit Growth %	15.14%	29.27%	30.83%	35.66%	5.02%	5.08%	2.21%	36.66%	26.47%	16.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	36.62%	26.29%	-42.02%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	20.59x	17.43x	33.21x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.58x	10.76x	10.51x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.87%	2.24%	2.44%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	31.55x	25.58x	25.01x

Mar 2017

EPS (₹): 218.64
Book Value (₹): 565.40
Dividend per Share (₹): 92.00
Cash EPS (₹): 13.96
Operating Margin %: 54.85%
Net Margin %: 37.18%
ROE %: 42.75%
ROCE %: 62.14%
: 36.69%
Debtor Days: 15
Inventory Days: 0
Payable Days: 0
: 15
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 7.50x
Revenue Growth %: 2.60%
Operating Profit Growth %: 12.85%
Net Profit Growth %: 15.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 33.78
Book Value (₹): 106.59
Dividend per Share (₹): 16.00
Cash EPS (₹): 17.11
Operating Margin %: 60.77%
Net Margin %: 40.49%
ROE %: 38.79%
ROCE %: 57.56%
: 35.02%
Debtor Days: 18
Inventory Days: 0
Payable Days: 0
: 18
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.88x
Revenue Growth %: 18.70%
Operating Profit Growth %: 31.51%
Net Profit Growth %: 29.27%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 43.78
Book Value (₹): 144.01
Dividend per Share (₹): 24.00
Cash EPS (₹): 22.19
Operating Margin %: 72.45%
Net Margin %: 48.59%
ROE %: 35.08%
ROCE %: 51.64%
: 32.68%
Debtor Days: 16
Inventory Days: 0
Payable Days: 0
: 16
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 6.11x
Revenue Growth %: 9.02%
Operating Profit Growth %: 29.97%
Net Profit Growth %: 30.83%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 59.32
Book Value (₹): 189.02
Dividend per Share (₹): 28.00
Cash EPS (₹): 30.85
Operating Margin %: 85.48%
Net Margin %: 63.02%
ROE %: 35.64%
ROCE %: 46.82%
: 33.62%
Debtor Days: 13
Inventory Days: 0
Payable Days: 0
: 13
Debt to Equity (x): 0.00x
Interest Coverage (x): 185.08x
: 11.96x
Revenue Growth %: 4.60%
Operating Profit Growth %: 23.41%
Net Profit Growth %: 35.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 62.25
Book Value (₹): 223.69
Dividend per Share (₹): 34.00
Cash EPS (₹): 32.43
Operating Margin %: 97.88%
Net Margin %: 71.56%
ROE %: 30.18%
ROCE %: 39.93%
: 28.26%
Debtor Days: 14
Inventory Days: 0
Payable Days: 0
: 14
Debt to Equity (x): 0.00x
Interest Coverage (x): 196.41x
: 6.44x
Revenue Growth %: -7.52%
Operating Profit Growth %: 5.89%
Net Profit Growth %: 5.02%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 65.32
Book Value (₹): 255.88
Dividend per Share (₹): 42.00
Cash EPS (₹): 33.92
Operating Margin %: 90.66%
Net Margin %: 65.86%
ROE %: 27.26%
ROCE %: 36.17%
: 25.39%
Debtor Days: 13
Inventory Days: 0
Payable Days: 0
: 13
Debt to Equity (x): 0.00x
Interest Coverage (x): 215.73x
: 8.13x
Revenue Growth %: 14.19%
Operating Profit Growth %: 5.76%
Net Profit Growth %: 5.08%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 66.72
Book Value (₹): 281.00
Dividend per Share (₹): 48.00
Cash EPS (₹): 34.61
Operating Margin %: 89.24%
Net Margin %: 65.72%
ROE %: 24.86%
ROCE %: 32.31%
: 22.94%
Debtor Days: 22
Inventory Days: 0
Payable Days: 0
: 22
Debt to Equity (x): 0.00x
Interest Coverage (x): 194.05x
: 6.15x
Revenue Growth %: 2.43%
Operating Profit Growth %: 0.83%
Net Profit Growth %: 2.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 91.15
Book Value (₹): 324.21
Dividend per Share (₹): 70.00
Cash EPS (₹): 46.80
Operating Margin %: 75.90%
Net Margin %: 75.29%
ROE %: 30.13%
ROCE %: 37.72%
: 27.61%
Debtor Days: 20
Inventory Days: 0
Payable Days: 0
: 20
Debt to Equity (x): 0.00x
Interest Coverage (x): 273.63x
: 6.78x
Revenue Growth %: 19.27%
Operating Profit Growth %: 31.33%
Net Profit Growth %: 36.66%
: 36.62%
P/E (x): 20.59x
P/B (x): 11.58x
Dividend Yield %: 1.87%
: 31.55x

Mar 2025

EPS (₹): 115.11
Book Value (₹): 373.07
Dividend per Share (₹): 90.00
Cash EPS (₹): 58.92
Operating Margin %: 79.87%
Net Margin %: 70.36%
ROE %: 33.04%
ROCE %: 43.33%
: 30.18%
Debtor Days: 12
Inventory Days: 0
Payable Days: 0
: 12
Debt to Equity (x): 0.00x
Interest Coverage (x): 350.25x
: 8.03x
Revenue Growth %: 35.35%
Operating Profit Growth %: 32.08%
Net Profit Growth %: 26.47%
: 26.29%
P/E (x): 17.43x
P/B (x): 10.76x
Dividend Yield %: 2.24%
: 25.58x

Mar 2026

EPS (₹): 66.75
Book Value (₹): 210.90
Dividend per Share (₹): 54.00
Cash EPS (₹): 68.44
Operating Margin %: 80.06%
Net Margin %: 69.43%
ROE %: 33.62%
ROCE %: 42.88%
: 30.51%
Debtor Days: 13
Inventory Days: 0
Payable Days: 0
: 13
Debt to Equity (x): 0.00x
Interest Coverage (x): 280.59x
: 8.68x
Revenue Growth %: 17.74%
Operating Profit Growth %: 13.17%
Net Profit Growth %: 16.18%
: -42.02%
P/E (x): 33.21x
P/B (x): 10.51x
Dividend Yield %: 2.44%
: 25.01x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 52.52
: 20.60
: 17.67
Government: 0.00
Public: 9.20

Sep 2024

: 52.51
: 21.55
: 16.92
Government: 0.00
Public: 9.02

Dec 2024

: 52.48
: 21.32
: 17.04
Government: 0.00
Public: 9.16

Mar 2025

: 52.47
: 20.51
: 18.01
Government: 0.00
Public: 9.00

Jun 2025

: 52.44
: 21.97
: 16.66
Government: 0.00
Public: 8.92

Sep 2025

: 52.42
: 24.69
: 14.13
Government: 0.00
Public: 8.75

Dec 2025

: 52.38
: 23.99
: 14.90
Government: 0.00
Public: 8.73

Mar 2026

: 52.37
: 24.45
: 14.42
Government: 0.00
Public: 8.75

Jun 2026

: 52.34
: 24.10
: 14.76
Government: 0.00
Public: 8.80

Documents

Announcements

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
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - HDFC Asset Management Company Limited has informed the Exchange about Schedule of meet

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
Transcript PPTREC
Apr 2026
Transcript PPTREC
Jan 2026
Transcript PPTREC