HDFC Asset Management Company Ltd

HDFC Asset Management Company was approved to act as the Asset Management Company for HDFC Mutual Fund by Securities and Exchange Board of India (SEBI) vide its letter dated July 03, 2000. HDFC Trustee Company Limited (the Trustee) has appointed the Company to act as the investment manager of HDFC Mutual Fund.(Source : 201903 Annual Report Page No: 91)

  • Market Cap: 44,747 Cr.
  • Current Price: 2,104
  • 52 weeks High / Low 3844.00 / 1962.00
  • Book Value: 189.28
  • Stock P/E: 35.15
  • Dividend Yield: 1.33 %
  • ROCE: 46.82 %
  • ROE: 35.56 %
  • Sales Growth (3Yrs): 10.65 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 36.08%
Company has been maintaining a healthy dividend payout of 49.80%
Cons:
Stock is trading at 11.12 times its book value

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
430 468 469 471 480 477 486 504 498 525 476 411
191 208 221 204 215 161 130 109 107 111 104 95
Operating Profit 239 260 248 267 265 316 357 396 391 414 372 316
OPM % 56% 56% 53% 57% 55% 66% 73% 78% 79% 79% 78% 77%
Other Income 28 28 31 30 35 56 61 48 51 67 -27 80
Interest 0 0 0 0 0 0 0 2 2 2 2 2
Depreciation 2 2 2 3 3 4 3 12 12 13 13 14
Profit before tax 264 285 277 295 297 368 415 430 428 466 330 380
Tax % 32% 32% 38% 30% 31% 34% 33% 32% 14% 24% 24% 21%
Net Profit 180 195 172 205 206 243 276 292 368 353 250 302
EPS in Rs 68.32 74.11 8.16 9.70 9.71 11.45 12.99 13.72 17.32 16.58 11.74 14.20
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,490 1,568 1,870 2,075 2,124 1,910
775 776 802 709 431 417
Operating Profit 715 792 1,068 1,366 1,693 1,493
OPM % 48% 51% 57% 66% 80% 78%
Other Income 4 20 0 22 19 172
Interest 0 0 0 0 9 9
Depreciation 11 12 9 13 50 52
Profit before tax 708 800 1,058 1,375 1,653 1,604
Tax % 33% 31% 33% 32% 24%
Net Profit 478 550 711 931 1,262 1,273
EPS in Rs 189.91 218.64 33.78 43.78 59.32 59.84
Dividend Payout % 42% 42% 47% 55% 47%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:10.65%
TTM:-1.95%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:31.89%
TTM:25.15%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-26.58%
Return on Equity
10 Years:%
5 Years:%
3 Years:36.08%
Last Year:35.56%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
25 25 105 106 106
Reserves 1,126 1,398 2,149 2,964 3,923
Borrowings 0 0 0 0 0
272 177 218 153 279
Total Liabilities 1,423 1,600 2,472 3,224 4,309
31 31 31 40 157
CWIP 1 2 6 3 5
Investments 986 1,237 2,058 2,935 3,945
405 329 378 246 203
Total Assets 1,423 1,600 2,472 3,224 4,309

Cash Flows Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
742 455 618 894 1,285
-297 -176 -633 -777 -928
-447 -279 15 -119 -332
Net Cash Flow -2 0 1 -1 26

Ratios Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 62% 58% 52% 47%
Debtor Days 9 20 18 15 10
Inventory Turnover

Shareholding pattern in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
82.80 82.77 82.72 82.71 82.70 79.67 79.61 73.95
3.75 3.90 4.17 4.73 5.78 8.14 8.00 10.70
1.91 2.20 2.21 2.27 1.68 0.91 1.40 3.20
11.53 11.13 10.90 10.29 9.84 11.27 10.99 12.14