HDFC Asset Management Company Limited

Investment Managers/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

HDFCAMC

FY26 → FY30 · 4 years of guidance · ~3.7 years from today₹2,616 today

BEAR

₹2,937

+12%+3% a yr

6.9% a year · 33.6x exit

BASE

₹3,680

+41%+10% a yr

12% a year · 35x exit

BULL

₹4,891

+87%+19% a yr

16.3% a year · 40x exit

Where the market has priced it

26x39x today48x

the guided figure reached earnings through a low-confidence bridge
FY27 one quarter filed — the pace is shown, not judged: guided +12.0%, filed +13.4% across 1 quarter(s)
this company's own median multiple sits 83% above its filed-industry peers; the scenario uses its own

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹66.75 (screener)
Guided growth	12% a year, said on the call of 17-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	33.65x / 35x / 40x, this company’s own p20 / median / p80 across 8 filed years
Filed-industry peers	median 19.19x across 7 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)⁴ × 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.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 12%

Another thing on ESOP -- on opex was that you had earlier guided that opex growth of 12% to 13% ex of this noncash charge.

Call 17-Jul-2026 · bridge confidence low · transcript PDF

Pace against its own guidance

FY27 one quarter filed — the pace is shown, not judged

guided 12.0% filed 13.4% 1 of 4 quarters

Coverage

SectorInvestment Managers

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

ansportation Infrastructure, Epigral, Equitas Small Finance Bank, Fedbank Financial Services, Globus Spirits, Goldiam International, HDFC Asset Management Company, HDFC Life Insurance, HFCL, Hindustan Zinc, IKIO Technologies, Imagicaaworld Entertainment, Indiamart Intermesh, Indiqube Spaces, IRB Infrastructure Developers, IRM Energy, J.

Mention only26 May 11:20

*Citi on HDFC Asset Management*

Maintains NEUTRAL rating; target price ₹2,800

Hdfc Mutual Fund has imposed temporary restrictions on lump sum subscriptions for Hdfc Gold ETF and Hdfc Gold ETF Fund of Funds (FoF).

Direct lump sum subscriptions of ₹25 crore or more in Hdfc Gold ETF are restricted effective June 8, 2026

Lump sum and switch-i

Mention only05 Jun 04:00

panel Industries, Laxmi Organic Industries, GRP, LG Electronics India, Gujarat Fluorochemicals, Life Insurance Corporation of India, HDFC Asset Management Company, Lodha Developers, HDFC Life Insurance Company, Mahindra & Mahindra Financial Services, HEG Greentech, Manorama Industries, Heritage Foods, Marico, Hind Rectifiers, MAS Financ

Mention only01 Jun 12:03