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ICICI Prudential Asset Management Co Q2 FY27 Share Price & Earnings Call Analysis

₹2,741.90-1.68% today
Market cap
₹1.36L Cr
P/E
38.29
ROE
85.80%
PEG
1.29
Price to sales
21.53
Debt to equity
0.00
52W high / low
₹3,538 / ₹2,586
Sales growth (5Y)
21.89%
EBITDA margin
73.97%
Net profit margin
54.98%
Promoter holding
87.59%
Sales (last year)
₹6,295 Cr

Incorporated in 1993, ICICI Prudential AMC is an Asset Management Company operating across mutual funds, PMS, AIFs, and offshore advisory services.[1]

Guidance scorecard · Q2 FY27 call

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

#13of 22 in
Capital Markets
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • The recently launched Lifecycle Funds (2036, 2041) target long-term investors with specific goals, expected to drive long-term growth as more clients join over time.
  • Continued education efforts are underway to increase investor and distributor understanding of new fund categories.
  • Mutual fund sales, including SIPs, have remained steady compared to last year, reflecting resilient customer acquisition and retention despite market volatility.
  • Expansion through acquisition of ICICI Securities PMS business (~₹3,000 crore AUM) is expected to increase client base and assets under management upon regulatory approvals.
  • Growth in Alternate Investment Funds (AIF) and PMS businesses, with AIF quarterly average AUM at ₹24,260 crore and PMS AUM at ₹30,791 crore, indicating potential revenue expansion in these segments.

2 more points from ICICI AMC's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

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

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The company approved the acquisition of the PMS business from ICICI Securities Limited, which is a strategic investment aimed at expanding the client base and product offerings in the PMS segment.
  • The integration of the PMS business from ICICI Securities is underway, pending regulatory and other necessary approvals.
  • The focus appears to be on strategic expansion in asset management through acquisitions and product launches rather than traditional capex.
  • The company is expanding its product bouquet, including launching new NFOs such as balanced hybrid funds, multi-asset funds, and lifecycle funds, which are strategic product investments.
Full Q2 FY27 analysis

FundraisingQ2 FY27 call

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

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what ICICI 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. Nippon Life Ind.Good growth
    2
  2. BSEGood growth
    1
  3. Motil.Oswal.Fin.Good growth
    3
See all potential multibaggersWhere does ICICI AMC rank?

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

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.37L Cr48.4
2Nippon Life Ind.20–40%Flat₹68,184 Cr41.6
3Motil.Oswal.Fin.20–40%Flat₹63,771 Cr32.2
420–40%Flat₹31,481 Cr29.1
520–40%Flat₹15,334 Cr43.8
620–40%Flat₹12,638 Cr51.6

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ICICI AMC announcements

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Financials of ICICI AMC

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

Shareholder Pattern

ICICI AMC

Shareholding breakup across reporting periods.

Dec 2025Mar 2026Jun 2026
Promoters +87.59%87.59%87.59%
FIIs +2.65%2.40%2.96%
DIIs +6.53%7.18%6.80%
Public +3.24%2.82%2.65%
No. of Shareholders8,55,1996,24,2715,90,748

Financials of ICICI AMC

Quarterly Results

Quarter-by-quarter operating performance

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,2271,2691,3311,4201,5151,5421,564
Expenses +347375385372374374432
Operating Profit8808949461,0471,1401,1681,133
OPM %72%70%71%74%75%76%72%
Other Income +-255114772109-90181
Interest5554455
Depreciation21242527262828
Profit before tax8289171,0621,0891,2191,0461,281
Tax %24%25%26%23%25%27%25%
Net Profit +632692784835917769965
EPS in Rs357.94391.8644.3947.3318.5515.5519.52

Financials of ICICI AMC

Profit & Loss

Annual income statement trend

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,2302,6342,8373,7584,9775,9996,040
Expenses +5136417669811,3431,4711,552
Operating Profit1,7171,9932,0722,7773,6354,5284,488
OPM %77%76%73%74%73%75%74%
Other Income +411322272
Interest16141516191817
Depreciation4751506685106108
Profit before tax1,6581,9292,0072,6983,5334,4074,634
Tax %25%25%24%24%25%25%
Net Profit +1,2451,4541,5162,0502,6513,2983,486
EPS in Rs705.51823.75858.701,161.181,501.6166.73100.95
Dividend Payout %75%84%84%76%81%153%

Financials of ICICI AMC

Balance Sheet

Capital structure and asset base

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181849
Reserves1,7452,0002,2952,8653,4994,122
Borrowings +112118116000
Other Liabilities +240310356630810832
Total Liabilities2,1152,4452,7843,5134,3275,003
Fixed Assets +134137150199309634
CWIP34762897
Investments1,7722,0412,2872,8833,2853,857
Other Assets +207262340424444505
Total Assets2,1152,4452,7843,5134,3275,003

Financials of ICICI AMC

Cash Flows

Operating, investing and financing cash movement

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,1951,3331,4001,7652,5743,282
Cash from Investing Activity +-329-79-129-246-513-469
Cash from Financing Activity +-869-1,244-1,264-1,527-2,068-2,694
Net Cash Flow-3106-8-8119
Free Cash Flow1,1711,3101,3591,7102,1623,167
CFO/OP90%91%92%85%95%97%

Financials of ICICI AMC

Ratios

Working capital efficiency and return ratios

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days111414191711
Inventory Days
Days Payable
Cash Conversion Cycle111414191711
Working Capital Days-8-10-9-22-27-26
ROCE %97%89%102%111%115%

Guidance history

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

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

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

Continue your research

What ICICI AMC's management said in earlier quarters

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