HDFC Asset Management Company Ltd
HDFC Asset Management Company (HDFC AMC) is Promoted by HDFC Ltd (52.72% of share) and Standard Life(21.24%), is one of the largest AMCs in India with total assets under management (AUM) of 406800 Cr. as of Dec 2020. The company offers a large suite of savings and investment products across asset classes.
The company also provides Portfolio Management & separately managed account services to HNIs, family offices, domestic corporates, trusts, provident funds, and domestic and global institutions. [1]
- Market Cap ₹ 38,633 Cr.
- Current Price ₹ 1,811
- High / Low ₹ 3,365 / 1,744
- Stock P/E 27.7
- Book Value ₹ 259
- Dividend Yield 1.88 %
- ROCE 36.2 %
- ROE 27.0 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.38%
- Company has been maintaining a healthy dividend payout of 55.37%
Cons
- The company has delivered a poor sales growth of 6.17% over past five years.
- Promoter holding has decreased over last 3 years: -13.91%
* 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.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
1,490 | 1,568 | 1,870 | 2,075 | 2,124 | 2,194 | 2,115 | |
775 | 776 | 802 | 709 | 431 | 388 | 515 | |
Operating Profit | 715 | 792 | 1,068 | 1,366 | 1,693 | 1,806 | 1,600 |
OPM % | 48% | 51% | 57% | 66% | 80% | 82% | 76% |
4 | 20 | 0 | 22 | 19 | 8 | 318 | |
Interest | 0 | 0 | 0 | 0 | 9 | 9 | 9 |
Depreciation | 11 | 12 | 9 | 13 | 50 | 55 | 54 |
Profit before tax | 708 | 800 | 1,058 | 1,375 | 1,653 | 1,749 | 1,855 |
Tax % | 33% | 31% | 33% | 32% | 24% | 24% | 25% |
Net Profit | 478 | 550 | 711 | 931 | 1,262 | 1,326 | 1,393 |
EPS in Rs | 189.90 | 218.64 | 33.78 | 43.78 | 59.32 | 62.26 | 65.32 |
Dividend Payout % | 42% | 42% | 47% | 55% | 47% | 55% | 64% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 1% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 14% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
1 Year: | -36% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 30% |
Last Year: | 27% |
Balance Sheet
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
25 | 25 | 105 | 106 | 106 | 106 | 107 | |
Reserves | 1,126 | 1,398 | 2,149 | 2,964 | 3,923 | 4,670 | 5,423 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
272 | 177 | 218 | 153 | 279 | 319 | 350 | |
Total Liabilities | 1,423 | 1,600 | 2,472 | 3,224 | 4,309 | 5,095 | 5,880 |
31 | 31 | 31 | 40 | 157 | 153 | 136 | |
CWIP | 1 | 2 | 6 | 3 | 5 | 1 | 0 |
Investments | 986 | 1,237 | 2,058 | 2,935 | 3,945 | 4,753 | 5,570 |
405 | 329 | 378 | 246 | 203 | 187 | 175 | |
Total Assets | 1,423 | 1,600 | 2,472 | 3,224 | 4,309 | 5,095 | 5,880 |
Cash Flows
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
742 | 455 | 618 | 894 | 1,285 | 1,085 | 1,254 | |
-297 | -176 | -633 | -777 | -928 | -483 | -508 | |
-447 | -279 | 15 | -119 | -332 | -628 | -746 | |
Net Cash Flow | -2 | 0 | 1 | -1 | 26 | -25 | 0 |
Ratios
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
Debtor Days | 9 | 20 | 18 | 15 | 10 | 13 | 13 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 9 | 20 | 18 | 15 | 10 | 13 | 13 |
Working Capital Days | 9 | 17 | -5 | 11 | -22 | -17 | -18 |
ROCE % | 62% | 58% | 52% | 47% | 40% | 36% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of Equity Shares pursuant to exercise of stock options under Employee Stock Options Schemes
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
11 May - Schedule of Investor/Analyst Meet/Conference made by the Company
- Disclosure Of The Related Party Transactions Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 10 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Transcript of Earnings Call for the quarter and year ended March 31, 2022
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 29 Apr
Annual reports
Concalls
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Transcript - May 22
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Transcript - Jan 22
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Transcript - Nov 21
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Transcript - Jul 21
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Transcript - Apr 21
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Transcript - Jan 21
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Transcript - Oct 20
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Transcript - Jul 20
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Transcript - May 20
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Transcript - Jan 20
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Transcript - Oct 19
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Transcript - Jul 19
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Transcript - Apr 19
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Transcript - Jan 19
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Transcript - Oct 18
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Transcript - Aug 18
Leadership
There are 23 equity-oriented schemes & 90 debt oriented schemes as of March 2020.
HDFC AMC total customer count stands at 56 Lakh as against the total of 2.08 Crore in the market which is 27% of the market share.