Arthneeti

HDFC Asset Management Company Q2 FY27 Share Price & Earnings Call Analysis

Part of: Nifty Next 50 · Nifty 100 · NIFTY100 Quality 30 · Nifty Dividend Opportunities 50 · Nifty 200 · NIFTY LargeMidcap 250 · +2 more

₹2,663.00-2.45% today
Market cap
₹1.14L Cr
P/E
38.40
ROE
32.93%
PEG
1.47
Price to sales
26.06
Debt to equity
0.00
52W high / low
₹5,478 / ₹2,216
Sales growth (5Y)
16.02%
EBITDA margin
79.82%
Net profit margin
62.00%
Promoter holding
52.29%
Sales (last year)
₹4,392 Cr

Incorporated in 1999, HDFC Asset Management Company Ltd provides Fund Management Services[1]

Guidance scorecard · Q2 FY27 call

What HDFC AMC's management guided
and where it ranks in Capital Markets

#8of 27 in
Capital Markets
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • HDFC AMC sees significant long-term growth potential driven by expanding investor base and increasing financialization of savings in India.
  • The company plans to continuously expand its product bouquet, including alternatives (PE/VC, private credit) and international funds, to capture large market opportunities.
  • Growth in SIP flows has been strong and resilient, contributing to higher predictability and less volatility in revenues.
  • Focus on disciplined cost control while strategically investing in people, technology, and distribution to support scalability.
  • New product launches in emerging categories like SIF (specialized investment funds) and alternatives underpin future revenue diversification.

2 more points from HDFC AMC's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what HDFC AMC said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The company is continuously deploying seed capital to new strategies as part of an ongoing process.
  • The balance sheet cash, including around INR8,700 crores in treasury investments, is currently being used for seed capital across alternate platforms rather than for buybacks or special dividends.
  • Significant investments are underway in alternatives including private equity, private credit, and international business, involving expansion of investment professionals and strengthening investor servicing, operations, sales, and distribution.
  • Investments are also being made in digital and technology capabilities, including AI-led initiatives across major business functions.

2 more points from HDFC AMC's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what HDFC AMC said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what HDFC AMC said on the order book →

Full Q2 FY27 analysis
Full Capital Markets ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. Motilal Oswal Financial ServicesGood growth
    2
  2. BSEGood growth
    1
  3. Anand Rathi WealthGood growth
    3
See all potential multibaggersWhere does HDFC AMC rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

HDFC Asset Management Company latest results (Sep 2026)

Revenue

₹1,169 Cr

+14% YoY

Net profit

₹750 Cr

+4% YoY

Operating margin

80%

EPS

₹17.48

What management said on the call →

HDFC Asset Management Company shareholding (Sep 2026)

Promoters

52.29%

−0.05 pp QoQ

FIIs

24.07%

−0.03 pp QoQ

DIIs

14.57%

−0.19 pp QoQ

Public

9.07%

+0.28 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.56L Cr50.5
2Motilal Oswal Financial Services20–40%Flat₹69,075 Cr25.6
3Anand Rathi Wealth20–40%Flat₹39,414 Cr86.9
420–40%Flat₹34,146 Cr30.2
520–40%Flat₹4,244 Cr11.4
620–40%Flat₹1,001 Cr29.6

Sign up free to see every company in the sector ranking and track HDFC AMC.

Pro shows every company guiding 40%+ revenue growth →Full Capital Markets ranking

Financials of HDFC AMC

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

HDFC AMC

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +52.55%52.55%52.52%52.51%52.48%52.47%52.44%52.42%52.38%52.37%52.34%52.29%
FIIs +17.99%20.01%20.60%21.55%21.32%20.51%21.97%24.69%23.99%24.45%24.10%24.07%
DIIs +19.50%18.37%17.67%16.92%17.04%18.01%16.66%14.13%14.90%14.42%14.76%14.57%
Public +9.96%9.06%9.20%9.01%9.15%8.99%8.92%8.74%8.73%8.75%8.79%9.07%
No. of Shareholders4,57,9104,36,1834,32,5844,26,6814,36,6234,33,7374,26,4844,32,2514,32,8204,35,8154,32,9144,41,386

Financials of HDFC AMC

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +6436716957758879349019681,0261,0741,0501,0981,169
YoY Sales growth+18%+20%+29%+35%+38%+39%+30%+25%+16%+15%+17%+14%+14%
Expenses +161160156180183170170194225197205247238
Operating Profit482511539595704764731774801877846852931
OPM %75%76%78%77%79%82%81%80%78%82%81%78%80%
Other Income +12214215517317193124233961591126371
Interest2222223333444
Depreciation13131313141517171818192021
Profit before tax5896396797528598408359868761,0158341,090978
Tax %26%23%20%20%33%24%24%24%18%24%25%23%23%
Net Profit +438490541604577641639748718770623838750
EPS in Rs10.2511.4712.6714.1413.5015.0014.9417.4816.7817.9814.5519.5617.48

Financials of HDFC AMC

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,0561,4901,5681,8702,0752,1242,1942,4292,4783,1594,0504,6114,392
Sales growth+18%+41%+5%+19%+11%+2%+3%+11%+2%+27%+28%+14%+15%
Expenses +432775776802709431388515549623704821886
Operating Profit6247157921,0681,3661,6931,8061,9131,9292,5363,3463,7903,506
OPM %59%48%51%57%66%80%82%79%78%80%83%82%80%
Other Income +942002219844496504
Interest0000099910991314
Depreciation1011129135055545352587379
Profit before tax6237088001,0581,3751,6531,7491,8551,8712,4783,2863,7103,917
Tax %33%33%31%33%32%24%24%25%24%21%25%23%
Net Profit +4164785507119311,2621,3261,3931,4241,9462,4612,8592,982
EPS in Rs10.2811.8813.6716.8921.8929.6631.1332.6633.3645.5757.5566.7569.57
Dividend Payout %39%42%42%47%55%47%55%64%72%77%78%81%

Financials of HDFC AMC

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital252525105106106106107107107107214215
Reserves1,0951,1261,3982,1492,9643,9234,6705,4236,0026,9728,0279,0178,408
Borrowings +0000000000000
Other Liabilities +192272177218153279319350428478619757778
Total Liabilities1,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7549,9889,400
Fixed Assets +3431313140157153135150151197268265
CWIP0126351021020
Investments6519861,2372,0582,9353,9454,7535,5706,0797,1908,2899,3968,746
Other Assets +627405329378246203187175305215267322390
Total Assets1,3121,4231,6002,4723,2244,3095,0955,8806,5377,5588,7549,9889,400

Financials of HDFC AMC

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7424556188941,2851,0851,2541,1491,6202,0772,530
Cash from Investing Activity +-297-176-633-777-928-483-508-218-547-600-645
Cash from Financing Activity +-447-27915-119-332-628-746-930-1,066-1,475-1,886
Net Cash Flow-201-126-250171-1
Free Cash Flow7334416018771,2551,0741,2441,1351,6022,0322,508
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit137%90%89%98%100%80%87%81%85%84%88%

Financials of HDFC AMC

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6920181510131127111213
Inventory Days
Days Payable
Cash Conversion Cycle6920181510131127111213
Working Capital Days90917-1111-22-17-16-4-18-14-16
ROCE %62%62%62%58%52%47%40%36%32%38%43%43%

Guidance history

How HDFC AMC's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlanned——
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

39out of 100

Momentum score · price trend

39 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months−7.3%44%
Last 6 months−11.0%26%
Last 3 months−2.2%54%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For HDFC AMC: 0.4 × 44 + 0.4 × 26 + 0.2 × 54 = 39.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 4 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

HDFC Asset Management Company: frequently asked questions

What is HDFC Asset Management Company share price today?

HDFC Asset Management Company last traded at ₹2,663, with a market capitalisation of ₹1.1L Cr and a P/E ratio of 38.4.

What were HDFC Asset Management Company's latest quarterly results?

For the quarter ended Sep 2026, HDFC Asset Management Company reported revenue of ₹1,169 Cr (+14% year on year) and net profit of ₹750 Cr, with an operating margin of 80%.

Is HDFC Asset Management Company's profit growing?

Net profit was ₹750 Cr in Sep 2026 against ₹718 Cr in Sep 2025, a change of +4%.

What is HDFC Asset Management Company's EPS?

HDFC Asset Management Company's earnings per share for the quarter ended Sep 2026 was ₹17.48.

What is the promoter holding in HDFC Asset Management Company?

Promoters held 52.29% of HDFC Asset Management Company in Sep 2026 (−0.05 pp versus Jun 2026).

How much do FIIs and DIIs hold in HDFC Asset Management Company?

In Sep 2026, foreign institutional investors held 24.07% and domestic institutions (including mutual funds) held 14.57% of HDFC Asset Management Company.

What is HDFC Asset Management Company's ROE and ROCE?

HDFC Asset Management Company's return on equity is 32.9% and its return on capital employed is 42.9%.

Does HDFC Asset Management Company pay a dividend?

Yes. HDFC Asset Management Company's dividend yield is 2.04% at the current price. The full payout history is on the HDFC Asset Management Company dividends page.

Which sector does HDFC Asset Management Company belong to?

HDFC Asset Management Company is in the Capital Markets sector. Its peer comparison and sector ranking are on this page.

What did HDFC Asset Management Company's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from HDFC Asset Management Company's management.

How does Arthneeti AI analyse HDFC Asset Management Company?

Arthneeti reads HDFC Asset Management Company's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What HDFC AMC's management said in earlier quarters

Earlier calls (8)

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