Valuation HDFC Asset Management Company Limited

Equities

Market Closed - NSE India S.E. Other stock markets 12:05:08 15/05/2026 BST			5-day change	1st Jan Change
2,703.50 ^INR	+0.44%		-5.27%	+1.17%

04-20	Nomura Adjusts HDFC Asset Management's Price Target to INR3,130 From INR2,950, Keeps at Buy	MT
04-17	Jefferies Adjusts HDFC Asset Management's Price Target to INR3,090 from INR2,960, Keeps at Buy	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	621,613	457,706	364,497	801,440	858,144	1,158,364	-	-
Change	-	-26.37%	-20.36%	119.88%	7.08%	34.98%	-	-
Enterprise Value (EV)	621,590	457,626	364,497	801,337	858,144	1,158,364	1,065,740	1,055,803
Change	-	-26.38%	-20.35%	119.85%	7.09%	34.98%	-8%	-0.93%
P/E ratio	47x	32.9x	25.6x	41.3x	35x	33.3x	36.5x	29.8x
PBR	13x	8.28x	5.97x	11.3x	10.6x	10.3x	11.8x	10.8x
PEG	-	6.49x	11.94x	1.1x	1.3x	2.1x	4.31x	1.3x
Capitalization / Revenue	28.2x	18.8x	14.7x	25.3x	21.1x	20.5x	22.3x	19.1x
EV / Revenue	0x	0x	0x	0x	0x	25.1x	22.3x	19.1x
EV / EBITDA	0x	0x	0x	0x	0x	34.9x	32x	27.3x
EV / EBIT	0x	0x	0x	0x	0x	35.6x	32.4x	27.6x
EV / FCF	0x	0x	-	0x	0x	42.8x	42.4x	34.8x
FCF Yield	1.73%	2.72%	-	1.99%	2.37%	2.64%	2.36%	2.88%
Dividend per Share ²	17	21	21	35	45	54	58.93	68.81
Rate of return	1.16%	1.96%	2.46%	1.86%	2.24%	2.44%	2.18%	2.55%
EPS ²	31.08	32.66	33.36	45.44	57.38	66.5	74.04	90.75
Distribution rate	54.7%	64.3%	63%	77%	78.4%	81.2%	79.6%	75.8%
Net sales ¹	22,017	24,332	24,826	31,634	40,602	46,222	52,018	60,683
EBITDA ¹	18,133	24,151	16,173	19,574	27,919	32,953	36,223	42,476
EBIT ¹	14,087	21,818	15,639	19,051	27,333	32,224	35,786	41,995
Net income ¹	13,258	13,931	14,238	19,427	24,602	28,581	31,754	36,692
Net Debt	-23.5	-80.7	-	-103.3	-	-	-92,624	-102,561
Reference price ²	1,459.50	1,073.02	853.92	1,877.05	2,006.95	2,703.50	2,703.50	2,703.50
Nbr of stocks (in thousands)	425,908	426,557	426,849	426,968	427,586	428,468	-	-
Announcement Date	27/04/21	27/04/22	25/04/23	19/04/24	17/04/25	16/04/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HDFC ASSET MANAGEMENT COMPANY LIMITED	39.61x	-	-	1.95%	12.07B
BLACKSTONE INC.	19.68x	6.84x	13.11x	4.38%	92.6B
KKR & CO. INC.	26.86x	8.4x	13.36x	0.81%	87.07B
ARES MANAGEMENT CORPORATION	20.59x	5.96x	13.8x	4.39%	27.83B
AMUNDI	11.79x	4.59x	9x	5.53%	20.04B
THE CARLYLE GROUP INC.	13.16x	4.48x	12.67x	2.92%	17.29B
FRANKLIN RESOURCES, INC.	18.51x	1.81x	6.88x	4.13%	16.54B
ARES CAPITAL CORPORATION	12.15x	9.27x	-	10.16%	13.57B
INFRATIL LIMITED	38.03x	7.33x	24.72x	1.36%	8.9B
Average	22.26x	6.08x	13.36x	3.96%	32.88B
Weighted average by Cap.	21.92x	6.77x	12.93x	3.38%