HDFC Asset Mngt. Co

₹4272.4 55.5 | 1.3%

WEBSITE BSE:541729 NSE : HDFCAMC 26 Dec, 16:01

Market Cap ₹91325 Cr.

Stock P/E 47.0

P/B 13.4

Current Price ₹4272.4

Book Value ₹ 318.1

Face Value 5

52W High ₹4862

Dividend Yield 1.64%

52W Low ₹ 3169.2

Edit Ratio

HDFC Asset Mngt. Co Research see more...

SBI Funds Management Limited (SBIFML)

EQUITY RESEARCH: HDFC Asset Management Company Limited

Strong Market Presence and Inflows Should Stem Growth For HDFC Asset Management Company

Overview Inc. Year: 1999Industry: Finance - Asset Management

HDFC Asset Management Company Limited is a publically owned funding supervisor. The organization launches and manages fixed income, equity and balanced mutual funds for its customers. It manages fixed income, equity, balanced, and real estate portfolios. The corporation invests in public equity and fixed income markets. The company employs essential analysis to make its investments. HDFC Asset Management Company was founded on December 10, 1999 and is based totally in Mumbai, Maharashtra. HDFC Asset Management Company Ltd operates as a subsidiary of Housing Development Finance Corporation Ltd.

HDFC Asset Mngt. Co Share Price

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Peer Comparison

HDFC Asset Mngt. Co Quarterly Results

#(Fig in Cr.)	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022
Operating Revenue	476	411	456	482	503	507	542	550	516	522
Other Income	-27	80	114	113	43	101	66	86	65	11
Total Income	450	491	570	595	546	608	608	636	581	533
Total Expenditure	104	95	91	96	107	126	131	135	123	132
Operating Profit	345	396	479	499	439	482	477	501	458	401
Interest Expense	2	2	2	2	2	2	2	2	2	2
Depreciation	13	14	14	14	14	14	14	13	13	14
Profit Before Tax	330	380	463	483	423	466	461	485	443	385
Provision for Tax	80	78	125	113	107	121	117	125	99	71
Profit After Tax	250	302	338	369	316	345	344	360	344	314
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	250	302	338	369	316	345	344	360	344	314
Adjusted Earnings Per Share	11.7	14.2	15.9	17.3	14.8	16.2	16.2	16.9	16.1	14.7

HDFC Asset Mngt. Co Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	859	1022	1443	1480	1757	1915	2003	1853	2115	2167	2584	2130
Other Income	45	42	52	108	113	182	140	349	318	316	578	228
Total Income	903	1064	1494	1588	1870	2097	2143	2202	2433	2483	3162	2358
Total Expenditure	372	432	775	776	802	709	431	389	515	549	623	521
Operating Profit	531	633	719	812	1068	1388	1712	1813	1918	1934	2540	1837
Interest Expense	0	0	0	0	0	0	9	9	9	10	9	8
Depreciation	8	10	11	12	9	13	50	55	54	53	52	54
Profit Before Tax	522	623	708	800	1058	1375	1653	1749	1855	1871	2478	1774
Provision for Tax	165	207	230	250	347	444	391	423	462	447	532	412
Profit After Tax	358	416	478	550	711	931	1262	1326	1393	1424	1946	1362
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	358	416	478	550	711	931	1262	1326	1393	1424	1946	1362
Adjusted Earnings Per Share	17.7	20.6	23.7	27.3	33.8	43.8	59.3	62.3	65.3	66.7	91.2	63.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	12%	6%	12%
Operating Profit CAGR	31%	12%	13%	17%
PAT CAGR	37%	14%	16%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	34%	22%	6%	NA%
ROE Average	30%	27%	30%	36%
ROCE Average	38%	35%	39%	50%

HDFC Asset Mngt. Co Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	901	1120	1151	1423	2254	3071	4029	4776	5530	6108	7079
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Current Liability	205	177	256	176	213	149	272	191	178	219	259
Other Liabilities & Provisions	2	2	1	-9	5	4	-14	128	173	209	220
Total Liabilities	1109	1298	1409	1590	2472	3224	4287	5095	5880	6537	7558
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	130	162	160	169	626	584	610	595	632	602	541
Fixed Assets	28	34	31	31	31	40	157	153	135	150	151
Other Loans	23	25	31	48	44	51	47	45	45	45	47
Other Non Current Assets	97	150	68	24	6	3	5	1	0	2	1
Current Assets	830	928	1119	1319	1765	2546	3469	4300	5068	5737	6817
Total Assets	1109	1298	1409	1590	2472	3224	4287	5095	5880	6537	7558

HDFC Asset Mngt. Co Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1	1	2	1	1	2	1	27	2	2	3
Cash Flow from Operating Activities	209	95	742	455	618	894	1285	1085	1254	1149	1620
Cash Flow from Investing Activities	-51	104	-297	-176	-633	-777	-928	-483	-508	-218	-547
Cash Flow from Financing Activities	-159	-197	-447	-279	15	-119	-332	-628	-746	-930	-1066
Net Cash Inflow / Outflow	0	2	-2	0	1	-1	26	-25	0	1	7
Closing Cash & Cash Equivalent	1	2	1	1	2	1	27	2	2	3	10

HDFC Asset Mngt. Co Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	17.72	20.58	23.74	27.33	33.78	43.78	59.32	62.25	65.32	66.72	91.15
CEPS(Rs)	18.14	21.08	24.29	27.92	34.23	44.38	61.69	64.86	67.84	69.22	93.6
DPS(Rs)	25	32.5	40	46	16	24	28	34	42	48	70
Book NAV/Share(Rs)	44.63	55.46	57.19	70.68	106.59	144.01	189.02	223.69	255.88	281	324.21
Net Profit Margin	41.67	40.64	33.13	37.18	40.49	48.59	63.02	71.56	65.86	65.72	75.29
Operating Margin	60.85	60.89	49.1	54.04	60.24	71.78	82.97	94.89	88.11	86.78	96.24
PBT Margin	60.85	60.89	49.1	54.04	60.24	71.78	82.52	94.41	87.71	86.33	95.89
ROA(%)	27.92	34.52	35.3	36.69	35.02	32.68	33.62	28.26	25.39	22.94	27.61
ROE(%)	44.63	41.12	42.08	42.75	38.79	35.08	35.64	30.18	27.26	24.86	30.13
ROCE(%)	65.17	61.61	62.37	62.14	57.56	51.64	46.82	39.93	36.17	32.31	37.72
Price/Earnings(x)	0	0	0	0	0	35.05	35.6	46.91	32.86	25.57	41.18
Price/Book(x)	0	0	0	0	0	10.65	11.17	13.06	8.39	6.07	11.58
Dividend Yield(%)	0	0	0	0	0	1.56	1.33	1.16	1.96	2.81	1.87
EV/Net Sales(x)	0.03	0.02	0.02	0.02	0.06	17.01	22.42	33.57	21.63	16.8	31
EV/Core EBITDA(x)	0.05	0.04	0.03	0.03	0.1	23.48	26.23	34.3	23.86	18.82	31.55
Interest Earned Growth(%)	19.96	19.09	41.09	2.6	18.7	9.02	4.6	-7.52	14.19	2.43	19.27
Net Profit Growth	12.24	16.14	15.01	15.14	29.27	30.83	35.66	5.02	5.08	2.21	36.66
EPS Growth(%)	12.24	16.14	15.36	15.13	23.6	29.59	35.52	4.94	4.92	2.14	36.62
Interest Coverage(x) %	0	0	0	0	0	0	185.08	196.41	215.73	194.05	273.63

HDFC Asset Mngt. Co Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	68.8	62.8	62.78	62.77	52.55	52.55	52.55	52.55	52.52	52.51
FII	7.28	12.34	12.09	7.5	12.99	16.11	17.99	20.01	20.61	21.55
DII	11.32	12.28	13.4	17.63	22.31	20.67	19.51	18.37	17.67	16.91
Public	12.59	12.59	11.73	12.1	12.15	10.67	9.96	9.07	9.2	9.02
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	14.68	13.4	13.4	13.4	11.22	11.22	11.22	11.22	11.22	11.22
FII	1.55	2.63	2.58	1.6	2.77	3.44	3.84	4.27	4.4	4.6
DII	2.41	2.62	2.86	3.76	4.76	4.41	4.16	3.92	3.77	3.61
Public	2.69	2.69	2.5	2.58	2.59	2.28	2.13	1.94	1.97	1.93
Others	0	0	0	0	0	0	0	0	0	0
Total	21.33	21.33	21.34	21.34	21.35	21.35	21.35	21.35	21.36	21.36

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Company is almost debt free.

Cons

Stock is trading at 13.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

HDFC Asset Mngt. Co News

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HDFC Asset Mngt. Co

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HDFC Asset Mngt. Co Research see more...

Overview Inc. Year: 1999Industry: Finance - Asset Management

HDFC Asset Mngt. Co Share Price

Alert Data

Quarterly Price

Peer Comparison

HDFC Asset Mngt. Co Quarterly Results

HDFC Asset Mngt. Co Profit & Loss

Growth Rates

HDFC Asset Mngt. Co Balance Sheet

HDFC Asset Mngt. Co Cash Flow

HDFC Asset Mngt. Co Ratios

HDFC Asset Mngt. Co Shareholding Pattern

HDFC Asset Mngt. Co News

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