CRAMC
Canara Robeco Asset Management Company Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CRAMC
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹261 today
BEAR
₹149
-43%
0.6% a year · 14.5x exit
BASE
₹261
-0%
1% a year · 25.3x exit
BULL
₹400
+53%
1.4% a year · 38.6x exit
Where the market has priced it
11x26x today56x
management named no year; shown one year out
- the guided figure reached earnings through a low-confidence bridge
- this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 8 Investment Managers peers
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹10.22 (screener) |
|---|---|
| Guided growth | 1% a year, said on the call of 24-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 14.5x / 25.27x / 38.65x, this company’s own p20 / median / p80 across 8 filed years |
| Filed-industry peers | median 25.27x across 8 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 1%
So can we expect there will be some improvement in the quarterly average AUM in the coming quarters compared to the -- because the only 1% growth will remain the stable -- stability of our income, it will not provide the major growth in the
Call 24-Jul-2026 · bridge confidence low · transcript PDF