HDFC Asset Management Company Ltd

About

HDFC Asset Management Company is engaged in the business of Investment Manager.

  • Market Cap 54,391 Cr.
  • Current Price 2,555
  • High / Low 3,488 / 1,962
  • Stock P/E 43.8
  • Book Value 192
  • Dividend Yield 1.10 %
  • ROCE 46.8 %
  • ROE 35.6 %
  • Face Value 5.00

Pros

  • Company is almost 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 13.33 times its book value

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
468 469 471 480 477 486 504 498 525 476 411 456
208 221 204 215 161 130 109 107 111 104 95 91
Operating Profit 260 248 267 265 316 357 396 391 414 372 316 366
OPM % 56% 53% 57% 55% 66% 73% 78% 79% 79% 78% 77% 80%
Other Income 28 31 30 35 56 61 48 51 67 -27 80 114
Interest 0 0 0 0 0 0 2 2 2 2 2 2
Depreciation 2 2 3 3 4 3 12 12 13 13 14 14
Profit before tax 285 277 295 297 368 415 430 428 466 330 380 463
Tax % 32% 38% 30% 31% 34% 33% 32% 14% 24% 24% 21% 27%
Net Profit 195 172 205 206 243 276 292 368 353 250 302 338
EPS in Rs 74.11 8.16 9.68 9.70 11.45 12.99 13.73 17.32 16.58 11.74 14.21 15.88
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 1,869
775 776 802 709 431 401
Operating Profit 715 792 1,068 1,366 1,693 1,467
OPM % 48% 51% 57% 66% 80% 79%
Other Income 4 20 0 22 19 234
Interest 0 0 0 0 9 9
Depreciation 11 12 9 13 50 54
Profit before tax 708 800 1,058 1,375 1,653 1,639
Tax % 33% 31% 33% 32% 24%
Net Profit 478 550 711 931 1,262 1,243
EPS in Rs 189.90 218.64 33.78 43.78 59.32 58.41
Dividend Payout % 42% 42% 47% 55% 47%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:11%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:32%
TTM:5%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-26%
Return on Equity
10 Years:%
5 Years:%
3 Years:36%
Last Year:36%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
25 25 105 106 106 106
Reserves 1,126 1,398 2,149 2,964 3,923 3,974
Borrowings 0 0 0 0 0 0
272 177 218 153 279 251
Total Liabilities 1,423 1,600 2,472 3,224 4,309 4,332
31 31 31 40 157 151
CWIP 1 2 6 3 5 0
Investments 986 1,237 2,058 2,935 3,945 4,000
405 329 378 246 203 180
Total Assets 1,423 1,600 2,472 3,224 4,309 4,332

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

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
82.80 82.77 82.72 82.71 82.70 79.67 79.61 73.95 73.93
3.75 3.90 4.17 4.73 5.78 8.14 8.00 10.70 8.79
1.91 2.20 2.21 2.27 1.68 0.91 1.40 3.20 1.74
11.53 11.13 10.90 10.29 9.84 11.27 10.99 12.14 15.53

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