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 ₹ 40,796 Cr.
- Current Price ₹ 1,912
- High / Low ₹ 2,480 / 1,690
- Stock P/E 29.3
- Book Value ₹ 250
- Dividend Yield 2.20 %
- 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 30.4%
- Company has been maintaining a healthy dividend payout of 55.4%
Cons
- Stock is trading at 7.65 times its book value
- The company has delivered a poor sales growth of 9.14% over past five years.
- Promoter holding has decreased over last 3 years: -16.9%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
777 | 898 | 1,056 | 1,490 | 1,568 | 1,870 | 2,075 | 2,124 | 2,194 | 2,429 | 2,142 | |
321 | 372 | 432 | 775 | 776 | 802 | 709 | 431 | 388 | 515 | 541 | |
Operating Profit | 456 | 525 | 624 | 715 | 792 | 1,068 | 1,366 | 1,693 | 1,806 | 1,913 | 1,601 |
OPM % | 59% | 59% | 59% | 48% | 51% | 57% | 66% | 80% | 82% | 79% | 75% |
7 | 6 | 9 | 4 | 20 | 0 | 22 | 19 | 8 | 4 | 284 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 9 | 9 |
Depreciation | 16 | 8 | 10 | 11 | 12 | 9 | 13 | 50 | 55 | 54 | 54 |
Profit before tax | 447 | 522 | 623 | 708 | 800 | 1,058 | 1,375 | 1,653 | 1,749 | 1,855 | 1,821 |
Tax % | 29% | 32% | 33% | 33% | 31% | 33% | 32% | 24% | 24% | 25% | |
Net Profit | 319 | 358 | 416 | 478 | 550 | 711 | 931 | 1,262 | 1,326 | 1,393 | 1,391 |
EPS in Rs | 126.28 | 141.74 | 164.61 | 189.90 | 218.64 | 33.78 | 43.78 | 59.32 | 62.26 | 65.32 | 65.22 |
Dividend Payout % | 35% | 35% | 39% | 42% | 42% | 47% | 55% | 47% | 55% | 64% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 5% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 14% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -17% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 30% |
Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
25 | 25 | 25 | 25 | 25 | 105 | 106 | 106 | 106 | 107 | 107 | |
Reserves | 677 | 876 | 1,095 | 1,126 | 1,398 | 2,149 | 2,964 | 3,923 | 4,670 | 5,423 | 5,229 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
765 | 220 | 192 | 272 | 177 | 218 | 153 | 279 | 319 | 350 | 361 | |
Total Liabilities | 1,467 | 1,121 | 1,312 | 1,423 | 1,600 | 2,472 | 3,224 | 4,309 | 5,095 | 5,880 | 5,697 |
19 | 28 | 34 | 31 | 31 | 31 | 40 | 157 | 153 | 135 | 153 | |
CWIP | 0 | 0 | 0 | 1 | 2 | 6 | 3 | 5 | 1 | 0 | 0 |
Investments | 665 | 737 | 651 | 986 | 1,237 | 2,058 | 2,935 | 3,945 | 4,753 | 5,570 | 5,255 |
784 | 357 | 627 | 405 | 329 | 378 | 246 | 203 | 187 | 175 | 290 | |
Total Assets | 1,467 | 1,121 | 1,312 | 1,423 | 1,600 | 2,472 | 3,224 | 4,309 | 5,095 | 5,880 | 5,697 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | 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
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 6 | 6 | 9 | 20 | 18 | 15 | 10 | 13 | 11 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 9 | 6 | 6 | 9 | 20 | 18 | 15 | 10 | 13 | 11 |
Working Capital Days | -6 | -319 | 90 | 9 | 17 | -11 | 11 | -22 | -17 | -16 |
ROCE % | 65% | 62% | 62% | 62% | 58% | 52% | 47% | 40% | 36% |
Documents
Announcements
- Receipt Of Approval From SEBI For Change In Control Of The Company Due To Proposed Stake Sale By Abrdn Investment Management Limited, The Co-Sponsor Of HDFC Mutual Fund 2 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 Jan - Transcript of Earnings Call for the quarter and nine months ended December 31, 2022
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jan - Publication of Notice in newspaper containing Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2022
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
24 Jan - Audio Recording of Earnings Calls - Q3 FY23 - Financial Results
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Announcement under Regulation 30 (LODR)-Investor Presentation
24 Jan - Investor Presentation along with press release on financial results for the quarter and nine months ended December 31, 2022.
Annual reports
Concalls
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
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Apr 2021TranscriptPPT
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Apr 2021Transcript PPT
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Jan 2021TranscriptPPT
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Jan 2021Transcript PPT
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Oct 2020Transcript PPT
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Jul 2020Transcript PPT
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May 2020Transcript PPT
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Nov 2019TranscriptPPT
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Nov 2019TranscriptPPT
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Oct 2019Transcript PPT
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Jul 2019Transcript PPT
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Apr 2019Transcript PPT
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Jan 2019Transcript PPT
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Oct 2018Transcript PPT
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Aug 2018TranscriptPPT
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Aug 2018Transcript PPT
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.