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HDFC Asset Management Company Limited (HDFCAMC) Report Analysis

Corporate Events

Neutral

HDFC Asset Management Company Limited Presents ...

2022-11-15 13:22:00

HDFC Asset Management Company Limited Presents at 25th Annual CITICS CLSA India Forum 2022, Nov-15-2022 . Venue: Mumbai, India.

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-11-14 12:51:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-11-09 13:30:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

CLSA Limited, 25th Annual CITICS CLSA India For...

2022-11-01 11:51:00

CLSA Limited, 25th Annual CITICS CLSA India Forum 2022, Nov 14, 2022. Venue: Mumbai, India.

Neutral

HDFC Asset Management Company Limited, Q2 2023 ...

2022-10-12 15:39:00

HDFC Asset Management Company Limited, Q2 2023 Earnings Call, Oct 19, 2022

Neutral

HDFC Asset Management Company Limited to Report...

2022-09-30 10:47:00

HDFC Asset Management Company Limited announced that they will report Q2, 2023 results on Oct 19, 2022

Neutral

HDFC Asset Management Company Limited, Board Me...

2022-09-30 10:47:00

HDFC Asset Management Company Limited, Board Meeting, Oct 19, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve un-audited ...

Neutral

HDFC Asset Management Company Limited - Special Call

2022-09-22 00:00:00

HDFC Asset Management Company Limited - Special Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-09-20 12:49:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-09-15 12:03:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-09-07 12:25:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited, Q1 2023 ...

2022-07-18 10:41:00

HDFC Asset Management Company Limited, Q1 2023 Earnings Call, Jul 22, 2022

Neutral

HDFC Asset Management Company Limited to Report...

2022-06-30 12:45:00

HDFC Asset Management Company Limited announced that they will report Q1, 2023 results on Jul 22, 2022

Neutral

HDFC Asset Management Company Limited, Board Me...

2022-06-30 12:45:00

HDFC Asset Management Company Limited, Board Meeting, Jul 22, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve un-audited ...

Positive

HDFC Asset Management Company Limited Approves ...

2022-06-29 18:16:00

HDFC Asset Management Company Limited at the annual general meeting held on June 29, 2022 approved the declaration of final dividend of INR 42...

Neutral

HDFC Asset Management Company Limited Presents ...

2022-06-09 13:35:00

HDFC Asset Management Company Limited Presents at Morgan Stanley's Virtual India Summit 2022, Jun-09-2022 .

Neutral

HDFC Asset Management Company Limited - Shareho...

2022-06-06 17:36:00

AGM

Neutral

HDFC Asset Management Company Limited Presents ...

2022-06-01 16:10:00

HDFC Asset Management Company Limited Presents at Nirmal Bang Investor conference, Jun-01-2022 .

Positive

HDFC Asset Management Company Limited Announces...

2022-05-27 13:00:00

HDFC Asset Management Company Limited announced incorporation of wholly owned subsidiary company namely HDFC AMC International (IFSC) Limited ...

Neutral

HDFC Asset Management Company Limited Presents ...

2022-05-26 13:37:00

HDFC Asset Management Company Limited Presents at KIE's India BFSI Forum 2022, May-26-2022 . Venue: Mumbai, Maharashtra, India.

Neutral

Nirmal Bang Securities Pvt. Ltd., Nirmal Bang I...

2022-05-24 09:47:00

Nirmal Bang Securities Pvt. Ltd., Nirmal Bang Investor conference, May 30, 2022.

Positive

HDFC Asset Management Company Limited, 42.0 (IN...

2022-05-18 19:17:00

HDFC Asset Management Company Limited, 42.0 (INR), Cash Dividend, Jun-09-2022

Neutral

Morgan Stanley, Morgan Stanley's Virtual India ...

2022-05-10 02:35:00

Morgan Stanley, Morgan Stanley's Virtual India Summit 2022, Jun 07, 2022 through Jun 09, 2022.

Positive

Hdfc Asset Management Company Limited Proposes ...

2022-04-27 11:33:00

HDFC Asset Management Company Limited announced that board has recommended a dividend of INR 42/- per equity share of INR 5/- each of the Comp...

Neutral

HDFC Asset Management Company Limited, Annual G...

2022-04-27 11:26:00

HDFC Asset Management Company Limited, Annual General Meeting, Jun 29, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and a...

Neutral

HDFC Asset Management Company Limited, Q4 2022 ...

2022-04-19 15:02:00

HDFC Asset Management Company Limited, Q4 2022 Earnings Call, Apr 27, 2022

Negative

HDFC Asset Management Company Limited Announces...

2022-04-11 11:01:00

HDFC Asset Management Company Limited announced that Mr. Shashi Kant Sharma, Independent Director, has tendered his resignation from the Board...

Neutral

HDFC Asset Management Company Limited to Report...

2022-03-31 13:35:00

HDFC Asset Management Company Limited announced that they will report Q4, 2022 results on Apr 27, 2022

Neutral

HDFC Asset Management Company Limited, Board Me...

2022-03-31 13:35:00

HDFC Asset Management Company Limited, Board Meeting, Apr 27, 2022, at 14:30 Indian Standard Time. Agenda: To consider and approve audited fin...

Negative

Hdfc Asset Management Company Limited Announces...

2022-01-24 12:19:00

HDFC Asset Management Company Limited approved the appointment of Mr. Naozad Sirwalla, as the Chief Financial Officer (CFO) and Key Managerial...

Neutral

HDFC Asset Management Company Limited - Shareho...

2021-12-29 11:53:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2021-12-28 00:00:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Positive

HDFC Asset Management Company Limited Proposes ...

2021-12-14 13:04:00

HDFC Asset Management Company Limited informed that the Board of Directors of the Company at its meeting held on December 14, 2021, has approv...

Neutral

HDFC Asset Management Company Limited - Shareho...

2021-12-07 13:30:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareho...

2021-12-06 13:25:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited Presents at 25th Annual CITICS CLSA India Forum 2022, Nov-15-2022

2022-11-15 13:22:00

HDFC Asset Management Company Limited Presents at 25th Annual CITICS CLSA India Forum 2022, Nov-15-2022 . Venue: Mumbai, India.

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-11-14 12:51:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-11-09 13:30:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

CLSA Limited, 25th Annual CITICS CLSA India Forum 2022, Nov 14, 2022

2022-11-01 11:51:00

CLSA Limited, 25th Annual CITICS CLSA India Forum 2022, Nov 14, 2022. Venue: Mumbai, India.

Neutral

HDFC Asset Management Company Limited, Q2 2023 Earnings Call, Oct 19, 2022

2022-10-12 15:39:00

HDFC Asset Management Company Limited, Q2 2023 Earnings Call, Oct 19, 2022

Neutral

HDFC Asset Management Company Limited to Report Q2, 2023 Results on Oct 19, 2022

2022-09-30 10:47:00

HDFC Asset Management Company Limited announced that they will report Q2, 2023 results on Oct 19, 2022

Neutral

HDFC Asset Management Company Limited, Board Meeting, Oct 19, 2022

2022-09-30 10:47:00

HDFC Asset Management Company Limited, Board Meeting, Oct 19, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve un-audited standalone and consolidated financial results of the Company for the quarter and half year ending September 30, 2022, subject to limited review by Statutory Auditors of the Company.

Neutral

HDFC Asset Management Company Limited - Special Call

2022-09-22 00:00:00

HDFC Asset Management Company Limited - Special Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-09-20 12:49:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-09-15 12:03:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-09-07 12:25:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited, Q1 2023 Earnings Call, Jul 22, 2022

2022-07-18 10:41:00

HDFC Asset Management Company Limited, Q1 2023 Earnings Call, Jul 22, 2022

Neutral

HDFC Asset Management Company Limited to Report Q1, 2023 Results on Jul 22, 2022

2022-06-30 12:45:00

HDFC Asset Management Company Limited announced that they will report Q1, 2023 results on Jul 22, 2022

Neutral

HDFC Asset Management Company Limited, Board Meeting, Jul 22, 2022

2022-06-30 12:45:00

HDFC Asset Management Company Limited, Board Meeting, Jul 22, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve un-audited financial results of the Company for the quarter ending June 30, 2022, subject to limited review by Statutory Auditors of the Company.

Positive

HDFC Asset Management Company Limited Approves Final Dividend for the Financial Year Ended March 31, 2022

2022-06-29 18:16:00

HDFC Asset Management Company Limited at the annual general meeting held on June 29, 2022 approved the declaration of final dividend of INR 42/- per equity share for the financial year ended March 31, 2022.

Neutral

HDFC Asset Management Company Limited Presents at Morgan Stanley's Virtual India Summit 2022, Jun-09-2022

2022-06-09 13:35:00

HDFC Asset Management Company Limited Presents at Morgan Stanley's Virtual India Summit 2022, Jun-09-2022 .

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2022-06-06 17:36:00

AGM

Neutral

HDFC Asset Management Company Limited Presents at Nirmal Bang Investor conference, Jun-01-2022

2022-06-01 16:10:00

HDFC Asset Management Company Limited Presents at Nirmal Bang Investor conference, Jun-01-2022 .

Positive

HDFC Asset Management Company Limited Announces Incorporation of Wholly Owned Subsidiary Company Namely HDFC AMC International (IFSC) Limited

2022-05-27 13:00:00

HDFC Asset Management Company Limited announced incorporation of wholly owned subsidiary company namely HDFC AMC International (IFSC) Limited effective May 27, 2022. Authorised Capital is INR 90,000,000. paid up capital is INR 30,000,000. wholly owned subsidiary has been incorporated for the purpose of, inter-alia, undertaking the business of acting as an Investment Manager to the scheme(s) to be launched under Alternative Investment Fund (AIFs), from time to time; launch scheme(s) under the AIF which may feed into such securities including but not limited to issue in India and/or foreign jurisdictions, Mutual Fund schemes, acting as an investment manager to international funds; providing portfolio management services as well as investment advisory services and offer separately managed accounts; as may be mandated under the applicable regulations by IFSCA. wholly owned subsidiary has been incorporated for the purpose of, inter-alia, undertaking the business of acting as an Investment Manager to the scheme(s) to be launched under Alternative Investment Fund (AIFs), from time to time; launch scheme(s) under the AIF which may feed into such securities including but not limited to issue in India and/or foreign jurisdictions, Mutual Fund schemes, acting as an investment manager to international funds; providing portfolio management services as well as investment advisory services and offer separately managed accounts; as may be mandated under the applicable regulations by IFSCA.

Neutral

HDFC Asset Management Company Limited Presents at KIE's India BFSI Forum 2022, May-26-2022

2022-05-26 13:37:00

HDFC Asset Management Company Limited Presents at KIE's India BFSI Forum 2022, May-26-2022 . Venue: Mumbai, Maharashtra, India.

Neutral

Nirmal Bang Securities Pvt. Ltd., Nirmal Bang Investor conference, May 30, 2022

2022-05-24 09:47:00

Nirmal Bang Securities Pvt. Ltd., Nirmal Bang Investor conference, May 30, 2022.

Positive

HDFC Asset Management Company Limited, 42.0 (INR), Cash Dividend, Jun-09-2022

2022-05-18 19:17:00

HDFC Asset Management Company Limited, 42.0 (INR), Cash Dividend, Jun-09-2022

Neutral

Morgan Stanley, Morgan Stanley's Virtual India Summit 2022, Jun 07, 2022 through Jun 09, 2022

2022-05-10 02:35:00

Morgan Stanley, Morgan Stanley's Virtual India Summit 2022, Jun 07, 2022 through Jun 09, 2022.

Positive

Hdfc Asset Management Company Limited Proposes Dividend for the Financial Year Ended March 31, 2022

2022-04-27 11:33:00

HDFC Asset Management Company Limited announced that board has recommended a dividend of INR 42/- per equity share of INR 5/- each of the Company, for the financial year ended March 31, 2022, subject to approval of shareholders at the upcoming Annual General Meeting.

Neutral

HDFC Asset Management Company Limited, Annual General Meeting, Jun 29, 2022

2022-04-27 11:26:00

HDFC Asset Management Company Limited, Annual General Meeting, Jun 29, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon; to declare a dividend of INR 42/- per equity share for the financial year ended March 31, 2022; to consider re-appointment of Statutory Auditors of the Company and to fix their remuneration; and to consider any other matters.

Neutral

HDFC Asset Management Company Limited, Q4 2022 Earnings Call, Apr 27, 2022

2022-04-19 15:02:00

HDFC Asset Management Company Limited, Q4 2022 Earnings Call, Apr 27, 2022

Negative

HDFC Asset Management Company Limited Announces Resignation of Shashi Kant Sharma from the Board

2022-04-11 11:01:00

HDFC Asset Management Company Limited announced that Mr. Shashi Kant Sharma, Independent Director, has tendered his resignation from the Board of the Company with immediate effect as he is not in a position to devote adequate time to the affairs of the Company due to his pre-occupation elsewhere.

Neutral

HDFC Asset Management Company Limited to Report Q4, 2022 Results on Apr 27, 2022

2022-03-31 13:35:00

HDFC Asset Management Company Limited announced that they will report Q4, 2022 results on Apr 27, 2022

Neutral

HDFC Asset Management Company Limited, Board Meeting, Apr 27, 2022

2022-03-31 13:35:00

HDFC Asset Management Company Limited, Board Meeting, Apr 27, 2022, at 14:30 Indian Standard Time. Agenda: To consider and approve audited financial results of the Company for the quarter and year ending March 31, 2022; and to recommend Dividend, if any, for financial year ending March 31, 2022.

Negative

Hdfc Asset Management Company Limited Announces Executives Changes

2022-01-24 12:19:00

HDFC Asset Management Company Limited approved the appointment of Mr. Naozad Sirwalla, as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from February 1, 2022, in place of Mr. Piyush Surana who would continue to remain as CFO and KMP of the Company and will be relieved from his duties w.e.f. close of business hours of January 31, 2022.

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2021-12-29 11:53:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2021-12-28 00:00:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Positive

HDFC Asset Management Company Limited Proposes Formation of Wholly Owned Subsidiary of the Company in Gift City, Gujarat

2021-12-14 13:04:00

HDFC Asset Management Company Limited informed that the Board of Directors of the Company at its meeting held on December 14, 2021, has approved incorporation of a wholly owned subsidiary of the Company in Gujarat International Finance Tec-City (Gift City), State Gujarat in the name and style of HDFC AMC IFSC Limited or HDFC AMC International (IFSC) Limited or such other name as may be approved by the Registrar of Companies. The proposed wholly owned subsidiary will, inter-alia, undertake the business of acting as an Investment Manager to the scheme(s) to be launched under Alternative Investment Fund (AIFs) from time to time, international funds, provide other investment advisory services and offer separately managed accounts, subject to the approval of SEBI, RBI, International Financial Services Centres Authority (IFSCA) and Ministry of Corporate Affairs (MCA).

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2021-12-07 13:30:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Neutral

HDFC Asset Management Company Limited - Shareholder/Analyst Call

2021-12-06 13:25:00

HDFC Asset Management Company Limited - Shareholder/Analyst Call

Fundamental Summary

Looking at HDFC Asset Management's financials of Q1 reflected decent results. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, HDFC Asset Management received an overall score of 77, translating into a HOLD ranking.

HDFC Asset Management reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 5,447.2 million. Revenue was INR 6,489.3 million. Net income was INR 3,638.5 million. Basic earnings per share from continuing operations was INR 17.06. Diluted earnings per share from continuing operations was INR 17.05.For the six months, sales was INR 10,663 million. Revenue was INR 11,818.3 million. Net income was INR 6,780.4 million. Basic earnings per share from continuing operations was INR 31.79. Diluted earnings per share from continuing operations was INR 31.77.

Business Description

HDFC Asset Management is a publically 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 was founded on December 10, 1999 and is based in Mumbai, Maharashtra. HDFC Asset Management operates as a subsidiary of Housing Development Finance Corporation Limited.

Sector Overview

HDFC Asset Management is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. HDFC Asset Management's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 58.8B 15.4% 53
Liabilities 3.5B 10.0% 75
Price to Book 8.3 -36.4% 83
Cash & Equivalents 18.7M 11.3% 74
Equity 55.3B 15.8% 51
EBITDA 19.1B 5.8% 75
Total Revenues 24.3B 10.5% 57
Parameter Value Change Score
Return on Equity 27.0 -10.2% 57
Net Cashflow 1.9M 100.8% 74
Capital Expenditure -101.7M 12.2% 81
Asset Turnover 0.4 -5.3% 49
Free Cashflow Per Share 58.3 15.7% 61
* All values are TTM

The below chart reflects HDFC Asset Management's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While HDFC Asset Management's peer average final assessment score stands on 73, HDFC Asset Management's score is 77.

  •  HDFCAMC
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
CRISIL Limited 213.7B 76 82 72
Buy
81
81 0 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 1 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 2 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 3 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 4 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 5 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which HDFC Asset Management Company Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect HDFC Asset Management Company Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated HDFC Asset Management Company Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. HDFC Asset Management's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), HDFC Asset Management's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 78.

Bullish 78
Close Price 2187.1
52W Low 1702.35
52W High 2579.35
5D MA 2162.9
50D MA 2010.82
200D MA 2006.93
MACD 39.03
RSI 13.36
STOCH 100.0

Balance Sheet Analysis

At a high level, HDFC Asset Management delivered stable balance sheet metrics this period. HDFC Asset Management's balance sheet metrics didn't highlight too many outstanding numbers, for either the good or the bad. HDFC Asset Management's price to book ratio (P/B) was reported as 8.3 and represents -36.4% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 83. Also, In terms of liabilities, HDFC Asset Management published good numbers. Their reported liabilities were 3.5B, representing a 10.0% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 75. That said, one metric, Equity, stood out as strongly negative. HDFC Asset Management published concerning equity metrics for this filing. In the current report, equity stood at 55.3B, which represents a 15.8% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 51. Therefore, it received a score of 79.

Parameter Value Change Score
Assets 58.8B 15.4% 53
Liabilities 3.5B 10.0% 75
Price to Book 8.3 -36.4% 83
Cash & Equivalents 18.7M 11.3% 74
Equity 55.3B 15.8% 51
* All values are TTM

The below chart describes HDFC Asset Management's performance as reflected on its balance sheet with respect to its peers. While HDFC Asset Management received a balance sheet score of 79, the average of its peers stands on 72.

  •  HDFCAMC
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 0 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 1 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 2 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 3 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 4 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 5 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Overall, using HDFC Asset Management's published numbers as indicators of management's priorities and execution, there is a high likelihood of continued income statement mediocrity going into the upcoming quarters. HDFC Asset Management reported impressive EBITDA this period. At filing, EBITDA was reported as 19.1B, representing 5.8% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 6.6%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. The company's EBITDA movement, therefore, received a grade of 75. That said, one metric, Revenue Efficiency, stood out as particularly concerning. HDFC Asset Management management did an underwhelming job managing revenue efficiency this past period. HDFC Asset Management's revenue efficiency is 24.3B according to the metrics in the current filing, which represents a 10.5% change from the previous report. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 57. Therefore, it received a score of 66.

Parameter Value Change Score
EBITDA 19.1B 5.8% 75
Total Revenues 24.3B 10.5% 57
Return on Equity 27.0 -10.2% 57
* All values are TTM

The below chart describes HDFC Asset Management's performance as reflected on its income statement with respect to its peers. While HDFC Asset Management received a income statement score of 66 , the average of its peers stands on 71.

  •  HDFCAMC
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
CRISIL Limited 213.7B 58.0 86.0 77.0 82 0 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 1 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 2 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 3 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 4 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 5 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Overall, using HDFC Asset Management's published numbers as indicators of management's priorities and execution, there is a high likelihood of continued cash flow mediocrity going into the upcoming quarters. HDFC Asset Management's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. HDFC Asset Management recorded CapEx of -101.7M, which represents 12.2% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. The company's CapEx movement, therefore, received a grade of 81. Also, HDFC Asset Management's management was effective in improving their net cash flow, which now sits at 1.9M and represents a 100.8% change from the previous report. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 74. That said, one metric, Asset Turnover, stood out as strongly negative. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.4, which represents a -5.3% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 49. Therefore, its cash flow earned a grade of 71.

Parameter Value Change Score
Net Cashflow 1.9M 100.8% 74
Capital Expenditure -101.7M 12.2% 81
Asset Turnover 0.4 -5.3% 49
Free Cashflow Per Share 58.3 15.7% 61
* All values are TTM

The below chart describes HDFC Asset Management's performance as reflected on its cash flow with respect to its peers. While HDFC Asset Management received a cash flow score of 71, the average of its peers stands on 62.

  •  HDFCAMC
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 0 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 1 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 2 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 3 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 4 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 5 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

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