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HDFC Asset Management Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,375.18Overvalued by 13.76%vs CMP ₹2,754.00

P/E (41.3) × ROE (32.9%) × BV (₹215.00) × DY (1.63%)

₹1,093.29Overvalued by 60.30%vs CMP ₹2,754.00
MoS: -151.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,743.7322%Fair (-0.4%)
Graham NumberEarnings₹570.0716%Over (-79.3%)
Earnings PowerEarnings₹378.2513%Over (-86.3%)
DCFCash Flow₹1,386.5711%Over (-49.7%)
Net Asset ValueAssets₹215.447%Over (-92.2%)
EV/EBITDAEnterprise₹794.469%Over (-71.2%)
Earnings YieldEarnings₹671.807%Over (-75.6%)
ROCE CapitalReturns₹538.789%Over (-80.4%)
Revenue MultipleRevenue₹141.785%Over (-94.9%)
Consensus (9 models)₹1,093.29100%Overvalued
Key Drivers: Wide model spread (₹142–₹2,744) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.5%

*Investments are subject to market risks

Analyst Summary

HDFC Asset Management Company Ltd operates in the Finance - Mutual Funds segment, NSE: HDFCAMC | BSE: 541729, current market price is ₹2,754.00, market cap is 1,18,000 Cr.. At a glance, stock P/E is 41.3, ROE is 32.9 %, ROCE is 42.9 %, book value is 215, dividend yield is 1.63 %. The latest intrinsic value estimate is ₹1,093.29, around 60.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,050 Cr versus the prior period change of 28.2%, while latest net profit is about ₹2,461 Cr with a prior-period change of 26.5%. The 52-week range shown on this page is 2,967/2,081, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHDFC Asset Management Company Ltd. is a Public Limited Listed company incorporated on 10/12/1999 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Nu…

This summary is generated from the stock page data available for HDFC Asset Management Company Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

76
HDFC Asset Management Company Ltd scores 76/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 42.9% ExcellentROE 32.9% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 3.48% (6mo) AccumulatingDII holding down 3.11% MF sellingPromoter holding at 52.4% Stable
Earnings Quality65/100 · Strong
OPM expanding (79% → 82%) Improving
Quarterly Momentum78/100 · Strong
Revenue (4Q): +21% YoY AcceleratingProfit (4Q): +22% YoY Positive
Industry Rank75/100 · Strong
P/E 41.3 vs industry 35.2 In-lineROCE 42.9% vs industry 33.7% Above peersROE 32.9% vs industry 25.7% Above peers3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:14 am

Market Cap 1,18,000 Cr.
Current Price 2,754
Intrinsic Value₹1,089.01
High / Low 2,967/2,081
Stock P/E41.3
Book Value 215
Dividend Yield1.63 %
ROCE42.9 %
ROE32.9 %
Face Value 5.00
PEG Ratio2.66

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for HDFC Asset Management Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HDFC Asset Management Company Ltd 1,18,000 Cr. 2,754 2,967/2,08141.3 2151.63 %42.9 %32.9 % 5.00
Nippon Life India Asset Management Ltd 64,931 Cr. 1,019 1,065/61342.5 73.01.77 %43.8 %34.5 % 10.0
Aditya Birla Sun Life AMC Ltd 30,060 Cr. 1,040 1,099/61230.8 1402.31 %32.2 %25.2 % 5.00
UTI Asset Management Company Ltd 12,318 Cr. 958 1,495/89626.2 3502.71 %15.8 %10.3 % 10.0
Industry Average56,327.25 Cr1,442.7535.20194.502.11%33.68%25.73%7.50

All Competitor Stocks of HDFC Asset Management Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5605415756436716957758879349019681,0261,074
Expenses 146130146161160156180183170170194225197
Operating Profit 413411429482511539595704764731774801877
OPM % 74%76%75%75%76%78%77%79%82%81%80%78%82%
Other Income 103971581221421551731719312423396159
Interest 2222222223333
Depreciation 13131313131313141517171818
Profit before tax 5014925715896396797528598408359868761,015
Tax % 26%24%16%26%23%20%20%33%24%24%24%18%24%
Net Profit 369376478438490541604577641639748718770
EPS in Rs 8.668.8111.1910.2511.4712.6714.1413.5015.0014.9417.4816.7817.98

Last Updated: February 5, 2026, 5:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8981,0561,4901,5681,8702,0752,1242,1942,4292,4783,1594,0503,969
Expenses 372432775776802709431388515549623704787
Operating Profit 5256247157921,0681,3661,6931,8061,9131,9292,5363,3463,182
OPM % 59%59%48%51%57%66%80%82%79%78%80%83%80%
Other Income 694200221984449611
Interest 000000999109912
Depreciation 810111291350555453525870
Profit before tax 5226237088001,0581,3751,6531,7491,8551,8712,4783,2863,712
Tax % 32%33%33%31%33%32%24%24%25%24%21%25%
Net Profit 3584164785507119311,2621,3261,3931,4241,9462,4612,875
EPS in Rs 70.8582.2895.01109.3916.8921.8929.6631.1332.6633.3645.5757.5567.18
Dividend Payout % 35%39%42%42%47%55%47%55%64%72%77%78%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.20%14.90%15.06%29.27%30.94%35.55%5.07%5.05%2.23%36.66%26.46%
Change in YoY Net Profit Growth (%)0.00%-1.30%0.16%14.21%1.67%4.61%-30.48%-0.02%-2.83%34.43%-10.19%

HDFC Asset Management Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:14%
3 Years:19%
TTM:33%
Compounded Profit Growth
10 Years:19%
5 Years:14%
3 Years:21%
TTM:26%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:41%
1 Year:23%
Return on Equity
10 Years:31%
5 Years:29%
3 Years:29%
Last Year:32%

Last Updated: September 5, 2025, 5:50 am

Balance Sheet

Last Updated: April 27, 2026, 2:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 252525105106106106107107107107214
Reserves 1,0951,1261,3982,1492,9643,9234,6705,4236,0026,9728,0279,017
Borrowings 000000000000
Other Liabilities 192272177218153279319350428478619757
Total Liabilities 1,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7549,988
Fixed Assets 3431313140157153135150151197270
CWIP 012635102100
Investments 6519861,2372,0582,9353,9454,7535,5706,0797,1908,2899,396
Other Assets 627405329378246203187175305215267322
Total Assets 1,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7549,988

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 7424556188941,2851,0851,2541,1491,6202,0772,530
Cash from Investing Activity + -297-176-633-777-928-483-508-218-547-600-645
Cash from Financing Activity + -447-27915-119-332-628-746-930-1,066-1,475-1,886
Net Cash Flow -201-126-250171-1
Free Cash Flow 7334416018771,2551,0741,2441,1351,6022,0322,508
CFO/OP 137%90%89%98%100%80%87%81%85%84%102%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow525.00624.00715.00792.001.001.001.001.001.001.002.003.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 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 7.50%12.99%16.12%17.99%20.01%20.60%21.55%21.32%20.51%21.97%24.69%23.99%
DIIs 17.63%22.32%20.66%19.50%18.37%17.67%16.92%17.04%18.01%16.66%14.13%14.90%
Public 12.10%12.15%10.67%9.96%9.06%9.20%9.01%9.15%8.99%8.92%8.74%8.73%
No. of Shareholders 5,54,5695,49,3374,97,9614,57,9104,36,1834,32,5844,26,6814,36,6234,33,7374,26,4844,32,2514,32,820

Shareholding Pattern Chart

No. of Shareholders

HDFC Asset Management Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Large & Midcap Fund 3,820,000 2.56 9611,910,0002025-12-15 01:09:32100%
ICICI Prudential Focused Equity Fund 2,021,666 3.41 508.591,624,0632026-02-23 00:52:0524.48%
ICICI Prudential Large Cap Fund 1,941,118 0.64 488.33970,5592025-12-15 01:09:32100%
Mirae Asset Large & Midcap Fund 1,815,266 1.08 456.671,615,2662026-02-23 01:20:4712.38%
Nippon India Growth Mid Cap Fund 1,452,632 0.88 365.44726,3162025-12-15 01:09:32100%
Bandhan Large & Mid Cap Fund 1,243,478 2.24 312.821,463,4782026-02-23 05:56:31-15.03%
Mirae Asset Midcap Fund 1,164,644 1.66 292.991,384,6442026-02-22 17:28:10-15.89%
Invesco India Midcap Fund 1,057,068 2.64 265.931,113,0662026-02-23 02:46:20-5.03%
Tata Arbitrage Fund 1,037,700 1.27 261.05N/AN/AN/A
Axis Midcap Fund 1,014,520 0.83 255.221,123,9642026-02-22 17:28:10-9.74%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 5.005.005.00
Basic EPS (Rs.) 115.1691.0066.72
Diluted EPS (Rs.) 114.7590.8966.71
Cash EPS (Rs.) 117.8193.4569.19
Book Value[Excl.RevalReserv]/Share (Rs.) 380.26331.41286.19
Book Value[Incl.RevalReserv]/Share (Rs.) 380.26331.41286.19
Revenue From Operations / Share (Rs.) 163.63121.06101.53
PBDIT / Share (Rs.) 156.85118.8190.58
PBIT / Share (Rs.) 154.12116.3688.08
PBT / Share (Rs.) 153.68115.9487.62
Net Profit / Share (Rs.) 115.0791.0066.69
NP After MI And SOA / Share (Rs.) 115.0791.0066.69
PBDIT Margin (%) 95.8598.1489.21
PBIT Margin (%) 94.1896.1286.75
PBT Margin (%) 93.9195.7686.30
Net Profit Margin (%) 70.3275.1765.68
NP After MI And SOA Margin (%) 70.3275.1765.68
Return on Networth / Equity (%) 30.2627.4523.30
Return on Capital Employeed (%) 38.9234.0930.01
Return On Assets (%) 28.1125.7121.77
Asset Turnover Ratio (%) 0.420.360.00
Current Ratio (X) 29.6927.2723.23
Quick Ratio (X) 29.6927.2723.23
Dividend Payout Ratio (NP) (%) 60.7652.7462.93
Dividend Payout Ratio (CP) (%) 59.3551.3660.66
Earning Retention Ratio (%) 39.2447.2637.07
Cash Earning Retention Ratio (%) 40.6548.6439.34
Interest Coverage Ratio (X) 356.38279.04199.49
Interest Coverage Ratio (Post Tax) (X) 262.44214.72147.89
Enterprise Value (Cr.) 85760.4280082.2336396.02
EV / Net Operating Revenue (X) 24.5130.9916.80
EV / EBITDA (X) 25.5731.5718.83
MarketCap / Net Operating Revenue (X) 24.5331.0016.80
Retention Ratios (%) 39.2347.2537.06
Price / BV (X) 10.5511.325.96
Price / Net Operating Revenue (X) 24.5331.0016.80
EarningsYield 0.020.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

HDFC Asset Management Company Ltd. is a Public Limited Listed company incorporated on 10/12/1999 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65991MH1999PLC123027 and registration number is 123027. Currently Company is involved in the business activities of Management of mutual funds. Company's Total Operating Revenue is Rs. 4118.53 Cr. and Equity Capital is Rs. 214.20 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Finance - Mutual FundsHDFC House, 2nd Floor, Mumbai Maharashtra 400020Contact not found
Management
NamePosition Held
Mr. Deepak S ParekhChairman, Non Ind & Non Exe Director
Mr. Navneet MunotManaging Director & CEO
Ms. Renu S KarnadNon Exe.Non Ind.Director
Mr. V Srinivasa RanganNon Exe.Non Ind.Director
Mr. Sanjay BhandarkarIndependent Director
Mr. Dhruv KajiIndependent Director
Mr. Jairaj PurandareIndependent Director
Mr. Parag ShahIndependent Director
Ms. Roshni Nadar MalhotraIndependent Director

FAQ

What is the intrinsic value of HDFC Asset Management Company Ltd and is it undervalued?

As of 05 May 2026, HDFC Asset Management Company Ltd's intrinsic value is ₹1093.29, which is 60.30% lower than the current market price of ₹2,754.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (32.9 %), book value (₹215), dividend yield (1.63 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HDFC Asset Management Company Ltd?

HDFC Asset Management Company Ltd is trading at ₹2,754.00 as of 05 May 2026, with a FY2026-2027 high of ₹2,967 and low of ₹2,081. The stock is currently near its 52-week high. Market cap stands at ₹1,18,000 Cr..

How does HDFC Asset Management Company Ltd's P/E ratio compare to its industry?

HDFC Asset Management Company Ltd has a P/E ratio of 41.3, which is above the industry average of 35.20. The premium over industry average may reflect growth expectations or speculative interest.

Is HDFC Asset Management Company Ltd financially healthy?

Key indicators for HDFC Asset Management Company Ltd: ROCE of 42.9 % indicates efficient capital utilization; ROE of 32.9 % shows strong shareholder returns. Dividend yield is 1.63 %.

Is HDFC Asset Management Company Ltd profitable and how is the profit trend?

HDFC Asset Management Company Ltd reported a net profit of ₹2,461 Cr in Mar 2025 on revenue of ₹4,050 Cr. Compared to ₹1,393 Cr in Mar 2022, the net profit shows an improving trend.

Does HDFC Asset Management Company Ltd pay dividends?

HDFC Asset Management Company Ltd has a dividend yield of 1.63 % at the current price of ₹2,754.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:14 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 541729 | NSE: HDFCAMC
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HDFC Asset Management Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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