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ICICI Prudential Asset Management Co

ICICIAMC NSE
₹2,880.20 +8.70 (+0.30%)
P/E
28.53
View as Markdown
MCP
Close 4 Nov 2026 ₹2,880.20 +294.30 +11.4% since 19 Dec 2025
Start ₹2,585.90

Key Fundamentals

LargecapCapital MarketsFinancial Services

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

ROCE
115.00%
Debt to Equity
0.00
EPS (TTM)
₹100.95
Book Value
₹108.05
Market Cap
—
P/E (TTM)
28.53
P/B
26.66
ROE
85.80%
Dividend Yield
1.04%
EBITDA
₹4,530 Cr
52W High
₹3,611.00
52W Low
₹2,530.00
Day Range
₹2,852.50 – ₹2,889.80
Volume
1,38,031

Peer Comparison

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

ICICI Prudential Asset Management peer comparison
ICICI Prudential Asset Management (this company)
₹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
₹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

62 Good

Data confidence 100/100

Category scores

Quality
98
Strong
Returns, margins, earnings quality 22% weight
Valuation
50
Average
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
23
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
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 21.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 83.0%
  • Company has been maintaining a healthy dividend payout of 103%

Weaknesses

1
  • Stock is trading at 36.3 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish847
OscillatorsBullish243
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.51
Neutral
MACD (12,26,9)
−64.33
Bullish
SMA (50)
3,001.90
Bearish
SMA (200)
3,097.69
Bearish

As of

Analyst Rating

Based on 19 analysts
BUY84%

16 of 19 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
16
84%
HOLD
2
11%
SELL
1
5%

Growth Rate

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

Revenue

Revenue growth by window
5Y+21.89%
3Y+28.35%
1Y+20.53%

Net profit

Net profit growth by window
5Y+21.51%
3Y+29.57%
1Y+24.41%

Operating cash flow

Operating cash flow growth by window
5Y+22.39%
3Y+32.84%
1Y+27.51%

Operating margin· change in pp

Operating margin growth by window
5Y−1.52 pp
3Y+2.45 pp
1Y+2.44 pp

Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹2,230 Cr
Mar 2022₹2,634 Cr
Mar 2023₹2,837 Cr
Mar 2024₹3,758 Cr
Mar 2025₹4,977 Cr
Mar 2026₹5,999 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹1,245 Cr
Mar 2022₹1,454 Cr
Mar 2023₹1,516 Cr
Mar 2024₹2,050 Cr
Mar 2025₹2,651 Cr
Mar 2026₹3,298 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,190 Cr −3.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk medium

ICICI Prudential AMC trades at ₹2,788.7 as of 2026-10-28 with a market cap of ₹1,37,833.87 crore, a trailing P/E of 27.62x, and a P/B of 25.81x. The company is virtually debt-free with an exceptional ROE of 79.07% and has compounded profits at 22% CAGR over five years, though the stock sits roughly 23% below its 52-week high of ₹3,611.

Bull Case 7
  • Debt-free balance sheet with a debt-to-equity ratio of 0, eliminating interest-rate and refinancing risk entirely
  • Exceptionally high return on equity of 79.07% (and a 3-year average ROE of 83%), indicating very efficient capital deployment relative to shareholder funds
  • Return on capital employed stands at 103.63%, reflecting an asset-light business model that generates outsized returns on every rupee of capital
  • Compounded profit growth of 22% CAGR over 5 years and 30% CAGR over 3 years demonstrates consistent earnings acceleration
  • Compounded sales growth of 22% CAGR over 5 years and 28% over 3 years shows sustained AUM and revenue expansion in a growing mutual fund industry
  • Healthy dividend payout ratio of 103% with a current dividend yield of 1.07%, indicating shareholder-friendly capital return policy
  • TTM EPS of ₹100.95 supports a trailing P/E of 27.62x, which is moderate relative to the company's 24% TTM profit growth rate, implying a PEG ratio close to 1.15x
Bear Case 7
  • Price-to-book ratio of 25.81x is extremely elevated; even the known-cons data flags trading at 36.3x book value on some measures, reflecting heavy premium to tangible assets
  • Trailing P/E of 27.62x is a premium valuation that leaves limited room for earnings disappointment in a cyclical, market-linked business
  • Revenue and profit growth are directly tied to equity market levels and investor sentiment — any sustained market downturn would compress AUM-linked fees and earnings
  • Dividend payout ratio of 103% exceeds net profits, which is unsustainable long-term and may limit the company's ability to reinvest or build reserves
  • TTM sales growth of 21% has decelerated from the 3-year CAGR of 28%, suggesting a potential slowdown in AUM accretion or fee compression
  • Regulatory risk from SEBI's ongoing tightening of expense ratios and total expense ratio (TER) caps could structurally compress margins for all AMCs including ICICI Prudential
  • High competitive intensity in the Indian AMC space from SBI MF, HDFC AMC, Nippon Life, and newer entrants may pressure market share and fee rates

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

AI News Digest

9h ago

TL;DR: ICICI Prudential AMC delivered steady Q2FY27 results with 6.1% PAT growth and strong 16.3% revenue expansion, supported by AUM reaching ₹11.61 lakh crore. No material headwinds surfaced this period. The upcoming US roadshow signals intent to broaden the investor base. The trend remains stable with healthy AUM growth providing a constructive outlook.

Positives 1
  • Q2 PAT up 6.1% YoY Oct 16

    Q2FY27 PAT rose 6.1% YoY to ₹889 crore. Operating revenue grew 16.3% to ₹1,674 crore while AUM reached ₹11.61 lakh crore.

Neutral 3
  • US roadshow in November Oct 16

    ICICI Prudential AMC will participate in a non-deal US roadshow from November 2-6, 2026, with one-to-one and group investor meetings.

  • Q2FY27 earnings call scheduled Oct 7

    Q2FY27 earnings call was scheduled for October 12, 2026 at 6:15 pm IST to discuss unaudited financial results.

  • Board reshuffle: new director Oct 5

    Sidharatha Mishra resigned and Anindya Banerjee was appointed as Non-Executive Director effective October 2026.

Quarterly Results

₹ Cr
ICICIAMC quarterly results, ₹ crore
Particulars Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,227
1,269
1,331
1,420
1,515
1,542
1,564
Expenses
347
375
385
372
374
374
432
Operating Profit
880
894
946
1,047
1,140
1,168
1,133
OPM %
72%
70%
71%
74%
75%
76%
72%
Other Income
−25
51
147
72
109
−90
181
Interest
5
5
5
4
4
5
5
Depreciation
21
24
25
27
26
28
28
PBT
828
917
1,062
1,089
1,219
1,046
1,281
Tax %
24%
25%
26%
23%
25%
27%
25%
Net Profit
632
692
784
835
917
769
965
EPS (₹)
358
392
44.39
47.33
18.55
15.55
19.52

Profit & Loss

₹ Cr
ICICIAMC profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,230
2,634
2,837
3,758
4,977
5,999
6,040
Expenses
513
641
766
981
1,343
1,471
1,552
Operating Profit
1,717
1,993
2,072
2,777
3,635
4,528
4,488
OPM %
77%
76%
73%
74%
73%
75%
74%
Other Income
4
1
1
3
2
2
272
Interest
16
14
15
16
19
18
17
Depreciation
47
51
50
66
85
106
108
PBT
1,658
1,929
2,007
2,698
3,533
4,407
4,634
Tax %
25%
25%
24%
24%
25%
25%
—
Net Profit
1,245
1,454
1,516
2,050
2,651
3,298
3,486
EPS (₹)
706
824
859
1,161
1,502
66.73
101
Div. Payout %
75%
84%
84%
76%
81%
153%
—

Balance Sheet

₹ Cr
ICICIAMC balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
18
18
18
49
Reserves
1,745
2,000
2,295
2,865
3,499
4,122
Borrowings
112
118
116
0
0
0
Other Liabilities
240
310
356
630
810
832
Total Liabilities
2,115
2,445
2,784
3,513
4,327
5,003
Fixed Assets
134
137
150
199
309
634
CWIP
3
4
7
6
289
7
Investments
1,772
2,041
2,287
2,883
3,285
3,857
Other Assets
207
262
340
424
444
505
Total Assets
2,115
2,445
2,784
3,513
4,327
5,003

Cash Flow

₹ Cr
ICICIAMC cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,195
1,333
1,400
1,765
2,574
3,282
Investing
−329
−79
−129
−246
−513
−469
Financing
−869
−1,244
−1,264
−1,527
−2,068
−2,694
Net Cash Flow
−3
10
6
−8
−8
119
Free Cash Flow
1,171
1,310
1,359
1,710
2,162
3,167
CFO/OP
90
91
92
85
95
97

Ratios

ICICIAMC financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
11
14
14
19
17
11
Cash Conversion Cycle
11
14
14
19
17
11
Working Capital Days
−8
−10
−9
−22
−27
−26
ROCE %
—
97%
89%
102%
111%
115%

Insights

Beta

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

Log in to view ICICI Prudential Asset Management insights

45 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 85.60%
  • DIIs 8.42%
  • FIIs 3.26%
  • Public 1.70%
  • Others 1.03%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about ICICI Prudential Asset Management Co

What does ICICI Prudential Asset Management Co Ltd do?
Incorporated in 1993, ICICI Prudential AMC is an Asset Management Company operating across mutual funds, PMS, AIFs, and offshore advisory services.
Where is ICICI Prudential Asset Management Co Ltd (ICICIAMC) listed?
ICICI Prudential Asset Management Co Ltd trades as ICICIAMC on the NSE and under code 544658 on the BSE.
Which sector does ICICI Prudential Asset Management Co Ltd belong to?
ICICI Prudential Asset Management Co Ltd is classified under the Capital Markets sector, in the AMC Mutual Fund industry.
What is the PE ratio of ICICI Prudential Asset Management Co Ltd?
ICICI Prudential Asset Management Co Ltd trades at a PE ratio of 28.53 as of 4 Nov 2026, on earnings per share of ₹100.95, against a book value of ₹108.05 per share.
What is the 52-week high and low of ICICI Prudential Asset Management Co Ltd?
Over the last 52 weeks ICICI Prudential Asset Management Co Ltd has traded between ₹2,530 and ₹3,611 as of 4 Nov 2026.
Does ICICI Prudential Asset Management Co Ltd pay dividends?
ICICI Prudential Asset Management Co Ltd has a dividend yield of 1.04%.
What is the Return on Equity (ROE) of ICICI Prudential Asset Management Co Ltd?
ICICI Prudential Asset Management Co Ltd reported a return on equity of 85.80%. Its debt-to-equity ratio is 0.00.

Company Information

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

Website icicipruamc.com
CEO Mr. Nimesh Vipinbabu Shah
Employees 3,722
Listed 19 Dec 2025
Face Value ₹1

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