BSE: 541729 | NSE: HDFCAMC | Finance - Asset Management | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that HDFC Asset Management Company Ltd is a good quality company.
The key valuation ratios of HDFC Asset Management Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HDFC Asset Management Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 61.6% | 62.4% | 62.1% | 57.6% | 51.6% | 46.8% | 39.9% | 36.2% | 32.3% | 37.7% | - |
| Value Creation Index ⓘ | 4.5 | 4.5 | 4.5 | 4.1 | 3.6 | 3.2 | 2.6 | 2.2 | 1.9 | 2.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,022 | 1,443 | 1,480 | 1,757 | 1,915 | 2,003 | 1,853 | 2,115 | 2,167 | 2,584 | 3,029 |
| Sales YoY Gr. | - | 41.1% | 2.6% | 18.7% | 9% | 4.6% | -7.5% | 14.2% | 2.4% | 19.3% | - |
| Adj EPS ⓘ | 20.6 | 23.7 | 27.4 | 33.8 | 45.1 | 59.4 | 62.3 | 65.3 | 66.7 | 91.2 | 103.5 |
| YoY Gr. | - | 15.4% | 15.4% | 23.3% | 33.5% | 31.8% | 4.8% | 4.9% | 2.1% | 36.6% | - |
| BVPS (₹) ⓘ | 55.5 | 57.2 | 70.7 | 106.6 | 144 | 189 | 223.7 | 255.9 | 281 | 324.2 | 318.1 |
| Adj Net Profit ⓘ | 416 | 478 | 551 | 711 | 959 | 1,265 | 1,326 | 1,393 | 1,424 | 1,946 | 2,212 |
| Cash Flow from Ops. ⓘ | 94.8 | 742 | 455 | 618 | 894 | 1,285 | 1,085 | 1,254 | 1,149 | 1,620 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.9% | 6.2% | 11.7% | 19.3% | ||||
| Adj EPS ⓘ | 18% | 15.1% | 13.6% | 36.6% | ||||
| BVPSⓘ | 21.7% | 17.6% | 13.2% | 15.4% | ||||
| Share Price | - | 5.5% | 22.2% | 34.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 41.1 | 42.1 | 42.9 | 38.7 | 36 | 35.6 | 30.1 | 27 | 24.5 | 29.5 | 32.2 |
| Op. Profit Mgn % ⓘ | 57.8 | 46.3 | 47.7 | 54.3 | 65.1 | 78.7 | 79 | 75.6 | 74.7 | 75.9 | 77.6 |
| Net Profit Mgn % ⓘ | 40.6 | 33.1 | 37.3 | 40.5 | 50.1 | 63.1 | 71.6 | 65.9 | 65.7 | 75.3 | 73 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 170 | 127 | 88 | 72 | 56 | 34 | 33 | 30 | 39 | 36 | 417 |
| Cash Conv. Cycle ⓘ | -110 | -64 | -57 | -41 | -31 | -32 | -22 | -8 | -1 | -4 | 404 |
Return on Equity has increased versus last 3 years average to 32.20%
Sales growth is growing at healthy rate in last 3 years 11.74%
Net Profit is growing at healthy rate in last 3 years 13.55%
Sales growth is good in last 4 quarters at 30.36%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 103.5 | 103.4 |
| TTM Sales (₹ Cr.) | 3,029 | 3,029 |
| BVPS (₹.) ⓘ | 318.1 | 317.9 |
| Reserves (₹ Cr.) ⓘ | 7,995 | 6,687 |
| P/BV ⓘ | 13.36 | 13.37 |
| PE ⓘ | 41.06 | 41.11 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2852.85 / 4862.00 |
| All Time Low / High (₹) | 1248.30 / 4862.00 |
| Market Cap (₹ Cr.) | 90,812 |
| Equity (₹ Cr.) | 106.9 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 35 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 1,064 | 1,494 | 1,588 | 1,870 | 2,097 | 2,143 | 2,202 | 2,433 | 2,483 | 3,162 |
| Interest Income | 1,022 | 1,443 | 1,480 | 1,757 | 1,915 | 2,003 | 1,853 | 2,115 | 2,167 | 2,584 |
| Other Income ⓘ | 42 | 52 | 108 | 113 | 182 | 140 | 349 | 318 | 316 | 578 |
| Expenditure ⓘ | 442 | 786 | 788 | 812 | 722 | 490 | 453 | 578 | 612 | 684 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 9 | 10 | 9 |
| Operating Expenses ⓘ | 428 | 761 | 764 | 745 | 643 | 437 | 407 | 516 | 548 | 622 |
| Provisions | 13 | 25 | 24 | 66 | 79 | 44 | 37 | 53 | 54 | 53 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 623 | 708 | 800 | 1,058 | 1,375 | 1,653 | 1,749 | 1,855 | 1,871 | 2,478 |
| Taxes ⓘ | 207 | 230 | 250 | 347 | 444 | 391 | 423 | 462 | 447 | 532 |
| Profit After Tax | 416 | 478 | 550 | 711 | 931 | 1,262 | 1,326 | 1,393 | 1,424 | 1,946 |
| Adjusted EPS (₹) | 20.6 | 23.7 | 27.3 | 33.8 | 43.8 | 59.3 | 62.3 | 65.3 | 66.7 | 91.2 |
| Dividend Payout Ratio (%) | 39% | 42% | 42% | 47% | 55% | 47% | 55% | 64% | 72% | 77% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 1,120 | 1,151 | 1,423 | 2,254 | 3,071 | 4,029 | 4,776 | 5,530 | 6,108 | 7,079 |
| Share Capital ⓘ | 25 | 25 | 25 | 105 | 106 | 106 | 106 | 107 | 107 | 107 |
| Reserves ⓘ | 1,095 | 1,126 | 1,398 | 2,149 | 2,964 | 3,923 | 4,670 | 5,423 | 6,002 | 6,972 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 2 | 1 | -9 | 5 | 4 | -14 | 128 | 173 | 209 | 220 |
| Current Liabilities | 177 | 256 | 176 | 213 | 149 | 272 | 191 | 178 | 219 | 259 |
| Trade Payables | 95 | 172 | 96 | 112 | 47 | 47 | 26 | 29 | 34 | 39 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -95 | -172 | -96 | -112 | -47 | -47 | -26 | -29 | -34 | -39 |
| Total Liabilities ⓘ | 1,298 | 1,409 | 1,590 | 2,472 | 3,224 | 4,287 | 5,095 | 5,880 | 6,537 | 7,558 |
Assets | ||||||||||
| Non Current Asset | 371 | 289 | 271 | 707 | 678 | 818 | 794 | 812 | 800 | 741 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 371 | 289 | 271 | 707 | 678 | 818 | 794 | 812 | 800 | 741 |
| Current Asset | 928 | 1,119 | 1,319 | 1,765 | 2,546 | 3,469 | 4,300 | 5,068 | 5,737 | 6,817 |
| Current Investment | 489 | 826 | 1,068 | 1,432 | 2,351 | 3,334 | 4,158 | 4,939 | 5,477 | 6,649 |
| Other Current Asset | 439 | 293 | 251 | 334 | 195 | 134 | 142 | 130 | 260 | 168 |
| Total Assets ⓘ | 1,298 | 1,409 | 1,590 | 2,472 | 3,224 | 4,287 | 5,095 | 5,880 | 6,537 | 7,558 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 95 | 742 | 455 | 618 | 894 | 1,285 | 1,085 | 1,254 | 1,149 | 1,620 |
| Cash Flow From Investing Activity ⓘ | 104 | -297 | -176 | -633 | -777 | -928 | -483 | -508 | -218 | -547 |
| Cash Flow From Financing Activity ⓘ | -197 | -447 | -279 | 15 | -119 | -332 | -628 | -746 | -930 | -1,066 |
| Net Cash Flow ⓘ | 2 | -2 | 0 | 1 | -1 | 26 | -25 | 0 | 1 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 165 | 190 | 219 | 34 | 44 | 59 | 62 | 65 | 67 | 91 |
| DPS (₹) | 65 | 80 | 92 | 16 | 24 | 28 | 34 | 42 | 48 | 70 |
| BVPS (₹) | 444 | 457 | 565 | 107 | 144 | 189 | 224 | 256 | 281 | 324 |
Performance Ratios | ||||||||||
| ROA (%) | 34.5 | 35.3 | 36.7 | 35.0 | 32.7 | 33.6 | 28.3 | 25.4 | 22.9 | 27.6 |
| ROE (%) | 41.1 | 42.1 | 42.8 | 38.8 | 35.1 | 35.6 | 30.2 | 27.3 | 24.9 | 30.1 |
| ROCE (%) | 61.6 | 62.4 | 62.1 | 57.6 | 51.6 | 46.8 | 39.9 | 36.2 | 32.3 | 37.7 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 10.7 | 11.2 | 13.1 | 8.4 | 6.1 | 11.6 |
HDFC Asset Management Company Ltd. (HDFC AMC) is the investment manager to the schemes of HDFC Mutual Fund (HDFC MF). It is India’s most profitable mutual fund manager, leading in actively managed equity-oriented assets under management (AUM). Started in 1999, it was set up as a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). During FY18-19 it carried out an initial public offering, and became a publicly listed company in August 2018. It offers a comprehensive suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its large retail and institutional customer. It has a dominant position in equity investments, with the highest market share in actively managed equity-oriented funds.
Its strengths lie in delivering simple and accessible investment products for the average Indian household. It is the most preferred choice for retail investors, with the highest market share in assets from individual investors. Over one in four Indian mutual fund investors have invested in at least one of its schemes. Its offering of systematic transactions further enhances its appeal to individual customers looking to invest periodically in a disciplined and risk-mitigating manner. Its schemes have weathered multiple market cycles. It works with diverse sets of distribution partners which helps company expand its reach. It has several empanelled distributors which include independent financial advisors, national distributors and banks. It serves its customers and distribution partners in many cities through its network of branches and employees.
Business area of the company
The company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its customers. It also provides portfolio management and segregated account services, including discretionary, non-discretionary and advisory services, to high net worth individuals (HNIs), family offices, domestic corporates, trusts, provident funds and domestic and global institutions.
Products of the company
Certifications, awards and accreditations
Major events and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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