Narrative Update • May 25

In the last week, the Asset Management industry is up 3.4%, with ICICI Prudential Asset Management up 6.7%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 16% per annum.
Has the Indian Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | ₹7.3t | ₹747.9b | ₹210.7b | 34.7x | 34.8x | 9.8x |
| Fri, 24 Apr 2026 | ₹7.0t | ₹647.7b | ₹203.6b | 30.5x | 34.4x | 10.8x |
| Sun, 22 Mar 2026 | ₹6.2t | ₹646.2b | ₹203.0b | 28.5x | 30.6x | 9.6x |
| Tue, 17 Feb 2026 | ₹6.8t | ₹646.6b | ₹203.1b | 27.3x | 33.3x | 10.5x |
| Thu, 15 Jan 2026 | ₹6.7t | ₹549.7b | ₹188.9b | 29.9x | 35.2x | 12.1x |
| Sat, 13 Dec 2025 | ₹5.3t | ₹499.3b | ₹162.2b | 29.3x | 32.7x | 10.6x |
| Mon, 10 Nov 2025 | ₹5.4t | ₹443.9b | ₹165.5b | 27.4x | 32.4x | 12.1x |
| Wed, 08 Oct 2025 | ₹5.5t | ₹433.3b | ₹162.0b | 27.1x | 34.2x | 12.8x |
| Fri, 05 Sep 2025 | ₹5.3t | ₹448.2b | ₹163.3b | 28x | 32.7x | 11.9x |
| Sun, 03 Aug 2025 | ₹5.0t | ₹417.7b | ₹162.1b | 28.4x | 30.6x | 11.9x |
| Tue, 01 Jul 2025 | ₹5.0t | ₹413.1b | ₹160.2b | 30.4x | 31.1x | 12x |
| Thu, 29 May 2025 | ₹4.5t | ₹405.8b | ₹165.2b | 22.9x | 27.3x | 11.1x |
| Sat, 26 Apr 2025 | ₹4.1t | ₹406.4b | ₹162.7b | 21.9x | 25.1x | 10x |
| Mon, 24 Mar 2025 | ₹3.9t | ₹405.8b | ₹161.3b | 21.1x | 23.9x | 9.5x |
| Wed, 19 Feb 2025 | ₹3.7t | ₹408.3b | ₹163.5b | 21.7x | 22.9x | 9.2x |
| Fri, 17 Jan 2025 | ₹4.6t | ₹430.0b | ₹192.8b | 26.8x | 23.7x | 10.6x |
| Sun, 15 Dec 2024 | ₹5.1t | ₹413.4b | ₹198.9b | 27x | 25.4x | 12.2x |
| Tue, 12 Nov 2024 | ₹4.8t | ₹445.3b | ₹198.2b | 28.3x | 24.2x | 10.8x |
| Thu, 10 Oct 2024 | ₹4.5t | ₹430.2b | ₹201.4b | 25.6x | 22.2x | 10.4x |
| Sat, 07 Sep 2024 | ₹4.5t | ₹432.9b | ₹203.5b | 25.9x | 22.1x | 10.4x |
| Mon, 05 Aug 2024 | ₹4.0t | ₹452.6b | ₹193.7b | 28.5x | 20.9x | 8.9x |
| Wed, 03 Jul 2024 | ₹4.0t | ₹434.4b | ₹188.3b | 27.6x | 21.3x | 9.2x |
| Fri, 31 May 2024 | ₹3.6t | ₹463.0b | ₹193.1b | 23.1x | 18.5x | 7.7x |
| Sun, 28 Apr 2024 | ₹3.6t | ₹470.9b | ₹191.8b | 27.2x | 18.9x | 7.7x |
| Tue, 26 Mar 2024 | ₹3.3t | ₹451.2b | ₹200.8b | 27.2x | 16.2x | 7.2x |
| Thu, 22 Feb 2024 | ₹3.4t | ₹438.7b | ₹195.8b | 28.2x | 17.3x | 7.7x |
| Sat, 20 Jan 2024 | ₹3.1t | ₹441.2b | ₹167.5b | 24.7x | 18.5x | 7x |
| Mon, 18 Dec 2023 | ₹2.9t | ₹438.3b | ₹166.0b | 23.3x | 17.7x | 6.7x |
| Wed, 15 Nov 2023 | ₹2.6t | ₹438.6b | ₹167.6b | 21.4x | 15.8x | 6x |
| Fri, 13 Oct 2023 | ₹2.5t | ₹418.0b | ₹148.0b | 25.3x | 17x | 6x |
| Sun, 10 Sep 2023 | ₹2.2t | ₹416.0b | ₹146.3b | 19.1x | 15.2x | 5.3x |
| Tue, 08 Aug 2023 | ₹2.1t | ₹420.5b | ₹147.7b | 24.6x | 14.3x | 5x |
| Thu, 06 Jul 2023 | ₹2.0t | ₹405.3b | ₹140.1b | 23.5x | 14.1x | 4.9x |
| Sat, 03 Jun 2023 | ₹1.8t | ₹405.7b | ₹140.0b | 21.4x | 12.5x | 4.3x |
12.5x
How does Indian Asset Management compare with similar industries?
| IN Market | 1.96% | |
| Financials | 2.48% | |
| Capital Markets | 2.57% | |
| Asset Management | 3.29% | |
| Diversified Capital Markets | 2.36% | |
| Investment Banking and Brokerage | 1.75% | |
| Financial Exchanges and Data | 1.64% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ICICIAMC ICICI Prudential Asset Management | ₹3.36k | 8.4% +₹128.9b | n/a | PE50.4x | |
| HDFCAMC HDFC Asset Management | ₹2.74k | 3.2% +₹36.9b | 14.0% | PE41.1x | |
| MAHSCOOTER Maharashtra Scooters | ₹13.29k | 15.5% +₹20.4b | -4.3% | PE48.9x | |
| 501301 Tata Investment | ₹694.35 | 4.7% +₹15.7b | 10.2% | PE81x | |
| 360ONE 360 One Wam | ₹1.13k | 2.4% +₹10.9b | 11.5% | PE37.6x |