HDFC Asset Management Company Limited

NSEI:HDFCAMC Stock Report

Market Cap: ₹1.2t

HDFC Asset Management Valuation

Is HDFCAMC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HDFCAMC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹1.66k
Fair Value
235.7% overvalued intrinsic discount
26
Number of Analysts

Below Fair Value: HDFCAMC (₹5563.5) is trading above our estimate of fair value (₹1657.2)

Significantly Below Fair Value: HDFCAMC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HDFCAMC?

Key metric: As HDFCAMC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HDFCAMC. This is calculated by dividing HDFCAMC's market cap by their current earnings.
What is HDFCAMC's PE Ratio?
PE Ratio45.7x
Earnings₹26.04b
Market Cap₹1.19t

Price to Earnings Ratio vs Peers

How does HDFCAMC's PE Ratio compare to its peers?

The above table shows the PE ratio for HDFCAMC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.1x
NAM-INDIA Nippon Life India Asset Management
39.2x12.80%₹514.4b
360ONE 360 One Wam
41.2x17.94%₹436.1b
CDSL Central Depository Services (India)
60.4x15.16%₹337.5b
501301 Tata Investment
107.8xn/a₹334.9b
HDFCAMC HDFC Asset Management
45.7x13.57%₹1.2t

Price-To-Earnings vs Peers: HDFCAMC is good value based on its Price-To-Earnings Ratio (45.7x) compared to the peer average (62.1x).

Price to Earnings Ratio vs Industry

How does HDFCAMC's PE Ratio compare vs other companies in the IN Capital Markets Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JINDALPHOT Jindal Photo
3.9xn/aUS$102.27m
536773 Jindal Poly Investment and Finance
2.7xn/aUS$97.15m
526237 Morgan Ventures
4.1xn/aUS$12.74m
505343 Monotype India
4.5xn/aUS$5.53m
HDFCAMC 45.7xIndustry Avg. 24.7xNo. of Companies34PE020406080100+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HDFCAMC is expensive based on its Price-To-Earnings Ratio (45.7x) compared to the Indian Capital Markets industry average (24.7x).

Price to Earnings Ratio vs Fair Ratio

What is HDFCAMC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDFCAMC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.7x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: HDFCAMC is expensive based on its Price-To-Earnings Ratio (45.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HDFCAMC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹5,563.50
₹5,657.00
+1.68%
10.25%₹6,680.00₹4,600.00n/a26
Jul ’26₹5,143.00
₹4,746.20
-7.72%
7.05%₹5,500.00₹3,950.00n/a25
Jun ’26₹4,783.00
₹4,644.60
-2.89%
8.81%₹5,100.00₹3,615.00n/a25
May ’26₹4,374.40
₹4,608.17
+5.34%
9.01%₹5,100.00₹3,600.00n/a24
Apr ’26₹3,976.55
₹4,601.25
+15.71%
9.57%₹5,250.00₹3,600.00n/a24
Mar ’26₹3,628.30
₹4,681.00
+29.01%
8.20%₹5,250.00₹3,700.00n/a25
Feb ’26₹3,908.10
₹4,717.80
+20.72%
8.36%₹5,250.00₹3,700.00n/a25
Jan ’26₹4,162.55
₹4,875.60
+17.13%
9.96%₹5,500.00₹3,600.00n/a25
Dec ’25₹4,204.25
₹4,862.08
+15.65%
10.10%₹5,500.00₹3,600.00n/a24
Nov ’25₹4,322.85
₹4,862.08
+12.47%
10.10%₹5,500.00₹3,600.00n/a24
Oct ’25₹4,365.00
₹4,460.09
+2.18%
9.80%₹4,950.00₹3,125.00n/a23
Sep ’25₹4,420.50
₹4,430.09
+0.22%
10.28%₹4,950.00₹3,125.00n/a23
Aug ’25₹4,182.85
₹4,430.09
+5.91%
10.28%₹4,950.00₹3,125.00n/a23
Jul ’25₹4,109.70
₹3,919.62
-4.63%
12.89%₹4,910.00₹2,765.00₹5,143.0021
Jun ’25₹3,884.30
₹3,854.86
-0.76%
11.18%₹4,450.00₹2,765.00₹4,783.0021
May ’25₹3,894.65
₹3,811.57
-2.13%
12.15%₹4,450.00₹2,765.00₹4,374.4021
Apr ’25₹3,785.10
₹3,465.29
-8.45%
13.16%₹4,300.00₹2,350.00₹3,976.5521
Mar ’25₹3,784.75
₹3,460.52
-8.57%
13.10%₹4,300.00₹2,350.00₹3,628.3021
Feb ’25₹3,587.95
₹3,411.00
-4.93%
12.52%₹4,010.00₹2,350.00₹3,908.1021
Jan ’25₹3,221.30
₹2,868.86
-10.94%
8.62%₹3,230.00₹2,200.00₹4,162.5521
Dec ’24₹2,928.05
₹2,824.59
-3.53%
10.64%₹3,230.00₹2,050.00₹4,204.2522
Nov ’24₹2,723.10
₹2,779.36
+2.07%
11.18%₹3,230.00₹2,050.00₹4,322.8522
Oct ’24₹2,647.45
₹2,496.67
-5.70%
11.93%₹2,920.00₹1,700.00₹4,365.0021
Sep ’24₹2,431.25
₹2,497.05
+2.71%
11.93%₹2,920.00₹1,700.00₹4,420.5021
Aug ’24₹2,556.30
₹2,487.85
-2.68%
12.16%₹2,920.00₹1,700.00₹4,182.8520
Jul ’24₹2,295.65
₹2,017.53
-12.12%
9.44%₹2,350.00₹1,580.00₹4,109.7019
AnalystConsensusTarget
Consensus Narrative from 26 Analysts
₹5.66k
Fair Value
1.7% undervalued intrinsic discount
26
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/28 11:37
End of Day Share Price 2025/07/28 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HDFC Asset Management Company Limited is covered by 37 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Praveen AgarwalAxis Capital Limited
null nullBatlivala & Karani Securities India Pvt. Ltd.