EN DE

HDFC Asset Management Company (HDFCAMC) Fair Value & Analysis

Financial Services · IN · Market cap ₹1.1T

HA HDFC Asset Management Company HDFCAMC · NSE
Price₹2,538
Fair Value₹256.20
Upside-89.9%
Quality59/100
Watch HDFC Asset Management Company for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 61.8% net margin
generates free cash flow
1.98% dividend yield
Mixed vs. peers (6/13)
Wide moat 91/100
Evidence: High Range ₹192.15 – ₹320.25 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Share price −8.8% over the past month.

A solid business, but screening 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹320.25). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹978,596 ₹766.50 Fair Value ₹256.20 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹766.50 – ₹978,596 · fair‑value band ₹192.15 – ₹320.25 · the ₹2,538 price screens above the ₹256.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

HDFC Asset Management Company (HDFCAMC) currently trades at ₹2,538, while our model-based Fair Value estimate is ₹256.20, implying the stock looks roughly 89.9% overvalued today. We read business quality at 59/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, HDFC Asset Management Company generated revenue of ₹46.2B at a net margin of 61.8%. Revenue grew 3.6% year over year. It earns a return on equity of 32.9%. Net debt stands at ₹2.1B. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹192.15 (bear case) to ₹320.25 (bull case); at ₹2,538, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -51% fair-value upside, at -90%, HDFCAMC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹112.29 ₹136.56 ₹598.73 76
Growth DCF ₹230.95 ₹498.01 ₹951.64 72
Gordon GGM ₹111.86 ₹244.20 ₹410.87 70
All 26 models by family
DCF Models
FCF DCF ₹237.82 ₹443.18 ₹993.48 38
Owner Earnings ₹271.47 ₹584.05 ₹1,225 31
5Y Revenue Exit ₹103.44 ₹165.96 ₹249.12 39
5Y EBITDA Exit ₹223.26 ₹436.04 ₹720.95 41
5Y P/E Exit ₹245.99 ₹487.28 ₹785.12 38
10Y Revenue Exit ₹140.68 ₹220.64 ₹339.40 36
10Y EBITDA Exit ₹227.01 ₹433.98 ₹786.18 37
10Y P/E Exit ₹243.01 ₹474.46 ₹846.23 35
Earnings-Based
Graham-Dodd ₹117.39 ₹717.05 ₹1,000 54
Lynch FV ₹205.31 ₹293.30 ₹381.29 50
PEG = 1.0 ₹205.31 ₹293.30 ₹381.29 46
EPV ₹176.06 ₹207.12 ₹234.72 59
Dividend Discount
Gordon GGM ₹111.86 ₹244.20 ₹410.87 70
DDM Multi-Stage ₹111.86 ₹200.04 ₹254.49 61
Multiples
P/E Multiple ₹258.95 ₹345.26 ₹431.58 63
P/S Multiple ₹52.35 ₹69.80 ₹87.25 58
P/B Multiple ₹125.42 ₹167.23 ₹209.04 55
EV/EBIT ₹307.06 ₹409.38 ₹511.71 53
EV/EBITDA ₹226.08 ₹301.41 ₹376.74 54
EV/Revenue ₹48.93 ₹69.87 ₹90.81 43
Asset-Based
NCAV (Graham) ₹27.87 ₹37.35 ₹55.74 50
Growth DCF
Growth DCF ₹230.95 ₹498.01 ₹951.64 72
Rev-Margin DCF ₹103.44 ₹165.43 ₹244.08 67
Economic Profit
Residual Income ₹112.29 ₹136.56 ₹598.73 76
ROIC Compounder ₹210.88 ₹297.01 ₹415.08 67
Growth Earnings
Growth-Adj P/E ₹289.67 ₹413.81 ₹537.95 68

Widest divergence: DCF Models (₹436.04) versus Asset-Based (₹37.35). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹46.2B
Revenue growth (YoY) +3.6%
Net margin 61.8%
Return on equity 32.9%
Free cash flow ₹25.5B FY2026
P/E ratio 37.6
More key figures
Operating margin 78.8%
EPS (TTM) ₹66.39
Dividend yield 2.1%
EPS growth (YoY) -2.8%
Net debt ₹2.1B FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 64 · Market factors (momentum, volatility) 40

Profitability 82
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

HDFC Asset Management Company Limited is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It manages equity, fixed income, balanced, and real estate portfolios. The firm invests in public equity and fixed income markets.

Full company description

HDFC Asset Management Company Limited is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It manages equity, fixed income, balanced, and real estate portfolios. The firm invests in public equity and fixed income markets. The firm employs fundamental analysis to make its investments. HDFC Asset Management Company Limited was founded on December 10,1999 and is based in Mumbai, Maharashtra. HDFC Asset Management Company Limited operates as a subsidiary of HDFC Bank Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HDFC Asset Management Company reported revenue of ₹46.2B in FY2026 versus ₹21.2B in FY2022, a compound +21.6%/yr. Reported net income was ₹28.6B in FY2026, compounding +19.7%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹46.2B
Latest YoY
+32.1%
Avg. growth/yr (3Y)
+28.7%
Avg. growth/yr (5Y)
+20.1%
Avg. growth/yr (13Y)
+14.7%
Revenue +21.6%/yr
FY22 ₹21.2B
FY23 ₹21.7B
FY24 ₹25.8B
FY25 ₹35.0B
FY26 ₹46.2B
Net income +19.7%/yr
FY22 ₹13.9B
FY23 ₹14.2B
FY24 ₹19.4B
FY25 ₹24.6B
FY26 ₹28.6B

HDFCAMC screens 90% overvalued. Compare with Fondul Proprietatea SA →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "HDFC Asset Management Company Fair Value". https://www.fairvalue-calculator.com/stock/HDFCAMC

Peer Group

Asset Management · 963 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Below median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 33% · Top 25%
Return on assets 25% · Top 25%
Net margin (TTM) 62% · Above median
Operating margin (TTM) 79% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 2.0% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 38.1× · Pricier than 75% of peers
P/B 12.09× · Pricier than 75% of peers
P/S (TTM) 24.14× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 29.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 18 · sector 6
PAST 100 · sector 26
HEALTH 0 · sector 95
DIVIDEND 40 · sector 70

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,036 $504.81 -51%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 394.40 kr 788.80 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%
360 One Wam Limited 360ONE ₹1,099 ₹338.59 -69%

Compare HDFC Asset Management Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is HDFC Asset Management Company (HDFCAMC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹256.20 versus a price of ₹2,538, about −90% (overvalued).
What is the fair value of HDFCAMC?
Our model-based fair value for HDFC Asset Management Company is ₹256.20 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹2,538.
What is the quality score of HDFCAMC?
HDFC Asset Management Company has a Quality Score of 59/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of HDFC Asset Management Company (HDFCAMC)?
HDFC Asset Management Company reported trailing-twelve-month revenue of about ₹46.2B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of HDFCAMC?
The net profit margin of HDFC Asset Management Company is about 61.8%, meaning it keeps roughly 61.8% of revenue as net income. Based on the latest reported figures.
Does HDFC Asset Management Company pay a dividend?
HDFC Asset Management Company currently shows a dividend yield of about 2.14% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track HDFC Asset Management Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.