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Canara Robeco Asset Management Company

CRAMC NSE
₹227.61 +10.25 (+4.72%)
P/E
20.79
View as Markdown
MCP
Close 4 Nov 2026 ₹227.61 −83.29 −26.8% 1Y
Start ₹310.90

Key Fundamentals

MicrocapCapital MarketsFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
40.10%
Debt to Equity
0.02
EPS (TTM)
₹10.95
Book Value
₹41.90
Market Cap
—
P/E (TTM)
20.79
P/B
5.43
ROE
30.30%
Dividend Yield
0.92%
EBITDA
₹284 Cr
52W High
₹324.70
52W Low
₹199.26
Day Range
₹216.01 – ₹231.35
Volume
4,92,223

Peer Comparison

Financial Services › Capital Markets › AMC Mutual Fund › Asset Management Company

Canara Robeco Asset Management Company peer comparison
ICICI Prudential Asset Management
₹2,880.2028.53₹1,42,485 Cr26.661.04%85.80%115.00%₹6,040 Cr₹3,486 Cr
HDFC AMC
₹2,505.0036.01₹1,06,865 Cr12.472.21%32.90%42.90%₹4,392 Cr₹2,981 Cr
SBI Funds Management
₹498.2533.22₹99,163 Cr13.4316.50%43.00%56.50%₹5,092 Cr₹3,054 Cr
Nippon Life India AMC
₹1,000.3538.98₹63,623 Cr13.420.97%34.50%43.80%₹2,869 Cr₹1,638 Cr
Aditya Birla Sun Life AMC
₹855.2025.04₹23,578 Cr6.383.14%25.20%32.20%₹1,883 Cr₹987 Cr
UTI AMC
₹820.0522.85₹10,369 Cr2.394.99%10.30%15.60%₹1,909 Cr₹513 Cr
Canara Robeco Asset Management Company (this company)
₹227.6120.79₹4,364 Cr5.430.92%30.30%40.10%₹478 Cr₹219 Cr
Median 7 companies₹855.2028.53₹63,623 Cr12.472.21%32.90%42.90%₹2,869 Cr₹1,638 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
82
Strong
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
83
Strong
Solvency, leverage, coverage 9% weight
Momentum
33
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company has delivered good profit growth of 41.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
  • Company has been maintaining a healthy dividend payout of 30.0%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBullish243
Moving AveragesNeutral505

Key readings

RSI (14)
58.01
Neutral
MACD (12,26,9)
−4.13
Bullish
SMA (50)
230.43
Bearish
SMA (200)
247.52
Bearish

As of

Analyst Rating

Based on 4 analysts
BUY75%

3 of 4 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
3
75%
HOLD
1
25%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+30.49%
3Y+30.77%
1Y+12.38%
TTM+13.00%

Net profit

Net profit growth by window
5Y+41.47%
3Y+37.19%
1Y+6.81%
TTM+8.96%

Operating cash flow

Operating cash flow growth by window
5Y+41.80%
3Y+36.25%
1Y+8.18%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+20.66 pp
3Y+9.62 pp
1Y−3.02 pp
TTM−1.86 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹96.00 Cr
Mar 2021₹120 Cr
Mar 2022₹164 Cr
Mar 2023₹203 Cr
Mar 2024₹318 Cr
Mar 2025₹404 Cr
Mar 2026₹454 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹23.00 Cr
Mar 2021₹36.00 Cr
Mar 2022₹60.00 Cr
Mar 2023₹79.00 Cr
Mar 2024₹151 Cr
Mar 2025₹191 Cr
Mar 2026₹204 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹11.50 +12.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Canara Robeco Asset Management Company is a debt-free, mid-sized AMC with quarterly average AUM of approximately ₹1.08 lakh crore (as of Dec 2024), trading at a PE of ~25x with a 3-year ROE of 34% and 5-year profit CAGR of 41%. Revenue grew at 30% CAGR over 5 years but TTM sales growth has decelerated to 12%, while FY26 operating profit margin compressed to ~56% from ~65% in FY25.

Bull Case 8
  • Debt-free balance sheet with zero leverage, providing financial flexibility and eliminating interest rate risk
  • Exceptional 5-year profit CAGR of 41%, demonstrating strong earnings compounding ability
  • Consistently high ROE of 34% over 3 years and 32% over 5 years, well above cost of equity
  • AUM grew to ₹1.08 lakh crore (Dec 2024) and further to ₹1.2 lakh crore (Dec 2025), a 12% YoY increase with 5.07 million folios
  • PE of ~25x is significantly below listed peers HDFC AMC (48.2x) and Nippon Life India AMC (43.3x), offering valuation discount to sector leaders
  • Healthy dividend payout ratio of 30%, with FY26 dividend of ₹2.5 per share reflecting shareholder return commitment at 1.56% yield
  • Revenue grew from ₹318 crore in FY24 to ₹404 crore in FY25 to ₹425 crore in FY26, reflecting consistent top-line expansion
  • Second oldest mutual fund house in India (established 1987) with 25 schemes across equity, debt, and hybrid categories, providing distribution depth across smaller cities
Bear Case 7
  • TTM sales growth decelerated sharply to 12% from a 3-year CAGR of 31%, indicating slowing momentum
  • Operating profit margin compressed from 65.4% in FY25 to 55.9% in FY26, with operating expenses rising from ₹140 crore to ₹171 crore (22% increase)
  • FY26 PAT grew only 6.9% YoY (₹204 crore vs ₹191 crore), a sharp deceleration from 5-year profit CAGR of 41%
  • Smallest in revenue among listed AMC peers including HDFC AMC, Nippon Life India AMC, and UTI AMC, limiting pricing power and scale advantages
  • AUM market share remains modest at roughly 1.6% of India's ₹68 lakh crore mutual fund industry (as of Dec 2024), constraining competitive positioning
  • TTM profit growth of only 7% versus 37% three-year CAGR suggests the high-growth phase may be normalizing, challenging current valuation multiple
  • Parentage risk as a JV between Canara Bank and Robeco (ORIX) — any change in JV dynamics or partner exit could create uncertainty

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Canara Robeco is delivering solid profitability with a ~48% PAT margin and rewarding shareholders with dividends. No headwinds are visible in recent newsflow, and promoter ORIX's unencumbered 37% stake signals stability. The absence of negative developments and consistent earnings suggest a steady trajectory, though investors should watch for AUM growth trends and competitive pressures in the AMC space going forward.

Positives 1
  • Strong FY26 profitability Jun 25

    Canara Robeco reported revenue of ₹425 Crores and PAT of ₹204 Crores for FY 2025-26, reflecting a healthy ~48% net profit margin. The board recommended a final dividend of ₹2.50 per share.

Neutral 2
  • ORIX confirms no share encumbrance Jul 1

    ORIX Corporation Europe N.V., holding 37% stake in CRAMC, declared no encumbrance on its shares for FY26, indicating stable promoter holding with no pledging concerns.

  • Investor meet at JM Financial forum Jun 17

    Canara Robeco scheduled an investor meeting at the JM Financial India Finance Forum on June 24, 2026. No unpublished price-sensitive information was to be discussed.

Quarterly Results

₹ Cr
CRAMC quarterly results, ₹ crore
Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
104
97
101
121
108
121
104
145
Expenses
37
31
41
39
40
48
43
43
Operating Profit
68
66
60
82
68
73
60
102
OPM %
65%
68%
59%
68%
63%
60%
58%
70%
Other Income
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
1
0
1
Depreciation
1
1
1
2
2
2
2
2
PBT
66
64
58
80
66
70
58
99
Tax %
24%
26%
28%
24%
26%
25%
29%
24%
Net Profit
50
48
42
61
49
53
41
76
EPS (₹)
2.51
2.4
2.09
3.06
2.44
2.65
2.07
3.79

Profit & Loss

₹ Cr
CRAMC profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
96
120
164
203
318
404
454
478
Expenses
73
70
77
96
117
140
171
175
Operating Profit
23
50
88
107
201
264
283
303
OPM %
24%
42%
53%
53%
63%
65%
62%
63%
Other Income
10
0
0
0
1
0
1
1
Interest
0
0
2
0
2
2
2
2
Depreciation
1
1
4
1
5
5
7
8
PBT
32
49
81
106
195
258
275
294
Tax %
27%
26%
26%
26%
23%
26%
26%
—
Net Profit
23
36
60
79
151
191
204
218
EPS (₹)
4.66
7.28
12.07
15.82
30.29
9.56
10.22
10.95
Div. Payout %
21%
27%
33%
16%
25%
26%
39%
—

Balance Sheet

₹ Cr
CRAMC balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
50
50
50
50
50
199
199
Reserves
145
176
222
279
405
401
546
Borrowings
0
0
19
17
17
16
18
Other Liabilities
23
22
24
32
46
58
55
Total Liabilities
217
248
316
378
517
674
819
Fixed Assets
3
2
20
18
17
16
23
CWIP
0
0
0
0
0
2
0
Investments
190
223
272
330
457
604
735
Other Assets
25
23
24
30
43
51
60
Total Assets
217
248
316
378
517
674
819

Cash Flow

₹ Cr
CRAMC cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
21
30
53
68
107
159
172
Investing
−13
−26
−33
−46
−81
−113
−108
Financing
−7
−5
−20
−22
−26
−48
−62
Net Cash Flow
1
−1
0
−1
0
−2
2
Free Cash Flow
20
29
52
66
106
155
166
CFO/OP
124
84
83
88
75
85
86

Ratios

CRAMC financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
43
46
38
42
40
38
36
Cash Conversion Cycle
43
46
38
42
40
38
36
Working Capital Days
−11
−13
−5
−4
−2
−1
6
ROCE %
—
23%
32%
33%
48%
48%
40%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Canara Robeco Asset Management Company insights

42 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • Public 12.06%
  • DIIs 8.64%
  • Others 2.70%
  • FIIs 1.61%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Canara Robeco Asset Management Company

What does Canara Robeco Asset Management Company Ltd do?
Incorporated in 1993, Canara Robeco Asset Management Company Ltd is primarily engaged in managing mutual funds and providing investment advisory services.
Where is Canara Robeco Asset Management Company Ltd (CRAMC) listed?
Canara Robeco Asset Management Company Ltd trades as CRAMC on the NSE and under code 544580 on the BSE.
Which sector does Canara Robeco Asset Management Company Ltd belong to?
Canara Robeco Asset Management Company Ltd is classified under the Capital Markets sector, in the AMC Mutual Fund industry.
What is the PE ratio of Canara Robeco Asset Management Company Ltd?
Canara Robeco Asset Management Company Ltd trades at a PE ratio of 20.79 as of 4 Nov 2026, on earnings per share of ₹10.95, against a book value of ₹41.9 per share.
What is the 52-week high and low of Canara Robeco Asset Management Company Ltd?
Over the last 52 weeks Canara Robeco Asset Management Company Ltd has traded between ₹199.26 and ₹324.7 as of 4 Nov 2026.
Does Canara Robeco Asset Management Company Ltd pay dividends?
Canara Robeco Asset Management Company Ltd has a dividend yield of 0.92%.
What is the Return on Equity (ROE) of Canara Robeco Asset Management Company Ltd?
Canara Robeco Asset Management Company Ltd reported a return on equity of 30.30%. Its debt-to-equity ratio is 0.02.

Company Information

Incorporated in 1993, Canara Robeco Asset Management Company Ltd is primarily engaged in managing mutual funds and providing investment advisory services.

Website canararobeco.com
CEO Mr. Rajnish Narula
Listed 16 Oct 2025
Face Value ₹10

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