HDFC Asset Management Company Ltd - Stock Valuation and Financial Performance

BSE: 541729 | NSE: HDFCAMC | Finance - Asset Management | Mid Cap

HDFC Asset Mngt. Co Share Price

4,457.85 -8.95 -0.20%
as on 10-Dec'24 16:59

DeciZen - make an informed investing decision on HDFC Asset Mngt. Co

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

HDFC Asset Management Company stock performance -

mw4me loader
P/E Ratio (SA):
43.07
Market Cap:
95,257.5 Cr.
52-wk low:
2,852.9
52-wk high:
4,862

Is HDFC Asset Management Company Ltd an attractive stock to invest in?

1. Is HDFC Asset Management Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HDFC Asset Management Company Ltd is a good quality company.

2. Is HDFC Asset Management Company Ltd undervalued or overvalued?

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.

3. Is HDFC Asset Management Company Ltd a good buy now?

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.

10 Year X-Ray of HDFC Asset Mngt. Co:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HDFC Asset Management Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 61.6%62.4%62.1%57.6%51.6%46.8%39.9%36.2%32.3%37.7%-
Value Creation
Index
4.54.54.54.13.63.22.62.21.92.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0221,4431,4801,7571,9152,0031,8532,1152,1672,5843,029
Sales YoY Gr.-41.1%2.6%18.7%9%4.6%-7.5%14.2%2.4%19.3%-
Adj EPS 20.623.727.433.845.159.462.365.366.791.2103.5
YoY Gr.-15.4%15.4%23.3%33.5%31.8%4.8%4.9%2.1%36.6%-
BVPS (₹) 55.557.270.7106.6144189223.7255.9281324.2318.2
Adj Net
Profit
4164785517119591,2651,3261,3931,4241,9462,212
Cash Flow from Ops. 94.87424556188941,2851,0851,2541,1491,620-
Debt/CF from Ops. 0000000000-

CAGR

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%
BVPS21.7%17.6%13.2%15.4%
Share Price - 8% 20.5% 49.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
41.142.142.938.73635.630.12724.529.532.2
Op. Profit
Mgn %
57.846.347.754.365.178.77975.674.775.977.6
Net Profit
Mgn %
40.633.137.340.550.163.171.665.965.775.373
Debt to
Equity
00000000000
Working Cap
Days
1701278872563433303936417
Cash Conv.
Cycle
-110-64-57-41-31-32-22-8-1-4404

Recent Performance Summary

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

Latest Financials - HDFC Asset Management Company Ltd.

Standalone Consolidated
TTM EPS (₹) 103.5 103.4
TTM Sales (₹ Cr.) 3,029 3,029
BVPS (₹.) 318.2 318
Reserves (₹ Cr.) 7,995 6,687
P/BV 14.01 14.02
PE 43.07 43.12
From the Market
52 Week Low / High (₹) 2852.85 / 4862.00
All Time Low / High (₹) 1248.30 / 4862.00
Market Cap (₹ Cr.) 95,258
Equity (₹ Cr.) 106.8
Face Value (₹) 5
Industry PE 37.2

Management X-Ray of HDFC Asset Mngt. Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of HDFC Asset Mngt. Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income1,0641,4941,5881,8702,0972,1432,2022,4332,4833,162
Interest Income1,0221,4431,4801,7571,9152,0031,8532,1152,1672,584
Other Income 4252108113182140349318316578
Expenditure 442786788812722490453578612684
Interest Expense 00000999109
Operating Expenses 428761764745643437407516548622
Provisions 13252466794437535453
Exceptional Items 0000000000
Profit Before Tax 6237088001,0581,3751,6531,7491,8551,8712,478
Taxes 207230250347444391423462447532
Profit After Tax 4164785507119311,2621,3261,3931,4241,946
Adjusted EPS (₹)20.623.727.333.843.859.362.365.366.791.2
Dividend Payout Ratio (%)39%42%42%47%55%47%55%64%72%77%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital1,1201,1511,4232,2543,0714,0294,7765,5306,1087,079
Share Capital 252525105106106106107107107
Reserves 1,0951,1261,3982,1492,9643,9234,6705,4236,0026,972
Minority Interest0000000000
Long Term Borrowings21-954-14128173209220
Current Liabilities 177256176213149272191178219259
Trade Payables9517296112474726293439
Short term borrowings0000000000
Other Liabilities-95-172-96-112-47-47-26-29-34-39
Total Liabilities 1,2981,4091,5902,4723,2244,2875,0955,8806,5377,558

Assets

Non Current Asset 371289271707678818794812800741
Loan Asset 0000000000
Other Non Current Asset 371289271707678818794812800741
Current Asset 9281,1191,3191,7652,5463,4694,3005,0685,7376,817
Current Investment4898261,0681,4322,3513,3344,1584,9395,4776,649
Other Current Asset439293251334195134142130260168
Total Assets 1,2981,4091,5902,4723,2244,2875,0955,8806,5377,558

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 957424556188941,2851,0851,2541,1491,620
Cash Flow From Investing Activity 104-297-176-633-777-928-483-508-218-547
Cash Flow From Financing Activity -197-447-27915-119-332-628-746-930-1,066
Net Cash Flow 2-201-126-25017
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)16519021934445962656791
DPS (₹)65809216242834424870
BVPS (₹)444457565107144189224256281324

Performance Ratios

ROA (%)34.535.336.735.032.733.628.325.422.927.6
ROE (%)41.142.142.838.835.135.630.227.324.930.1
ROCE (%)61.662.462.157.651.646.839.936.232.337.7

Valuation Parameters

Price/Book(x)0.00.00.00.010.711.213.18.46.111.6

HDFC Asset Management Company Ltd Stock News

HDFC Asset Management Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HDFC Asset Mngt. Co on 10-Dec-2024 16:59 is ₹4,457.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Dec-2024 16:59 the market cap of HDFC Asset Mngt. Co stood at ₹95,257.5.
The latest P/E ratio of HDFC Asset Mngt. Co as of 10-Dec-2024 16:59 is 43.07.
The latest P/B ratio of HDFC Asset Mngt. Co as of 10-Dec-2024 16:59 is 14.01.
The 52-week high of HDFC Asset Mngt. Co is ₹4,862 and the 52-week low is ₹2,852.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HDFC Asset Mngt. Co is ₹3,029 ( Cr.) .

About HDFC Asset Management Company Ltd

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

  • Diversified Equity
  • Thematic Equity
  • Equity Linked Savings Scheme (ELSS)
  • Hybrid
  • Solution Oriented
  • Theme Based Debt
  • Duration Based Debt
  • Index/ETF
  • Gold ETF/FOF

Certifications, awards and accreditations

  • 2012: HDFC Mutual Fund won the Morningstar India Fund Awards 2012 in the ‘Best Fund House - Equity’ category and the ‘Best Fund House - Multi Asset’ category.
  • 2012: HDFC Children’s Gift Fund-Investment Plan won the Lipper Fund Awards 2012 in the ‘Mixed Asset INR Balanced - 3 Years’ category.
  • 2013: HDFC Balanced Fund - Growth won the Thomson Reuters Lipper Fund Awards 2013 in the ‘Mixed Asset INR Aggressive - Best Fund over 10 Years’ category.
  • 2013: HDFC Mutual Fund won the Morningstar India Fund Awards 2013 in the ‘Best Fund House - Equity’ category and the ‘Best Fund House - Multi Asset’ category.
  • 2014: HDFC Balanced Fund won the Morningstar India Fund Awards 2014 in the ‘Best Moderate Allocation Fund’ category.
  • 2014: HDFC Multiple Yield Fund - Plan 2005 won the Morningstar India Fund Awards 2015 in the ‘Best Conservative Allocation Fund’ category.
  • 2017: HDFC Balanced Fund - Growth won the 2017 Thomson Reuters Lipper Fund Award in the Mixed Asset INR Balanced - ‘3, 5 & 10 Years’ categories.
  • 2017: The company won the Outlook Money Awards 2017 in the ‘Equity Fund House’ category.
  • 2018: HDFC Small Cap Fund advertisement won a Gold award in the ‘Banking and Finance’ category at Magzimise Awards.

Major events and milestones

  • December 1999: The company was incorporated.
  • July 2000: The company received SEBI’s approval to manage HDFC Mutual Fund Schemes.
  • September 2000: The company reached an AUM of Rs 6.5 billion.
  • August 2001: Standard Life Investments became company’s shareholder.
  • September 2002: The company’s AUM crossed Rs 100 billion.
  • June 2003: The company acquired Zurich Asset Management Company (ZAMC), having an AUM of Rs 34 billion, pursuant to which company achieved a combined AUM of Rs 118 billion.
  • January 2009: The company’s AUM crossed Rs 500 billion.
  • October 2009: The company’s AUM crossed Rs 1 trillion.
  • March 2011: HDFC Debt Fund for Cancer Cure, company’s first CSR oriented fund launched in India.
  • March 2014: HDFC Debt Fund for Cancer Cure 2014, company’s second CSR oriented fund launched in India.
  • June 2014: The company acquired Morgan Stanley Mutual Fund schemes, having an AUM of Rs 19 billion.
  • September 2014: The company’s AUM crossed Rs 1.5 trillion.
  • May 2016: the company’s AUM crossed Rs 2 trillion.
  • April 2017: HDFC Charity Fund for Cancer Cure, its third CSR oriented fund launched in India.
  • April 2017: The company’s Equity AUM crossed Rs 1 trillion
  • December 2017: The company’s AUM crossed Rs 3 trillion.
  • 2019: HDFC Asset Management Company has unveiled a 360-degree digital campaign ‘Kya Plan Hai’.
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