HDFC Asset Management Co (NSE:HDFCAMC) ROE %: 26.99% (As of Mar. 2026) — 17% Below Median


NSE:HDFCAMC HDFC Asset Management Co Ltd NSE:HDFCAMC
99 GF Score
Price ₹2,649.70
GF Value ₹2,991.29
Valuation Modestly Undervalued
! 1 Warning Sign
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What is HDFC Asset Management Co ROE %?

HDFC Asset Management Co NSE:HDFCAMC +0.94% 99 ROE % is 26.99% as of Mar. 2026, which is 17% below its 10-year median of 32.65. GuruFocus rates NSE:HDFCAMC with a GF Score™ of 99/100 and a GF Value™ of ₹2,991.29 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,612 Asset Management companies, HDFC Asset Management Co ranks better than 92.49% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. HDFC Asset Management Co's annualized net income for the quarter that ended in Mar. 2026 was ₹24,906 Mil. HDFC Asset Management Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹92,287 Mil. Therefore, HDFC Asset Management Co's annualized ROE % for the quarter that ended in Mar. 2026 was 26.99%.

The historical rank and industry rank for HDFC Asset Management Co's ROE % or its related term are showing as below:

NSE:HDFCAMC' s ROE % Range Over the Past 10 Years
Min: 24.46   Med: 32.65   Max: 41.24
Current: 34.16

During the past 13 years, HDFC Asset Management Co's highest ROE % was 41.24%. The lowest was 24.46%. And the median was 32.65%.

NSE:HDFCAMC's ROE % is ranked better than
92.49% of 1612 companies
in the Asset Management industry
Industry Median: 6.395 vs NSE:HDFCAMC: 34.16

HDFC Asset Management Co  (NSE:HDFCAMC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=24906.4/92287.1
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24906.4 / 42060.4)*(42060.4 / 99914.4)*(99914.4 / 92287.1)
=Net Margin %*Asset Turnover*Equity Multiplier
=59.22 %*0.421*1.0826
=ROA %*Equity Multiplier
=24.93 %*1.0826
=26.99 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=24906.4/92287.1
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (24906.4 / 33343.2) * (33343.2 / 36160.4) * (36160.4 / 42060.4) * (42060.4 / 99914.4) * (99914.4 / 92287.1)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.747 * 0.9221 * 85.97 % * 0.421 * 1.0826
=26.99 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


HDFC Asset Management Co ROE % Related Terms


HDFC Asset Management Co ROE % Historical Data

* Premium members only.

The historical data trend for HDFC Asset Management Co's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HDFC Asset Management Co ROE % Chart

HDFC Asset Management Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.03 24.46 29.47 32.36 32.93

HDFC Asset Management Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.41 36.78 37.12 39.76 26.99

NSE:HDFCAMC vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, HDFC Asset Management Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HDFC Asset Management Co ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, HDFC Asset Management Co's ROE % distribution charts can be found below:

* The bar in red indicates where HDFC Asset Management Co's ROE % falls into.


NSE:HDFCAMC
99GF Score
HDFC Asset Management Co Ltd NSE:HDFCAMC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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HDFC Asset Management Co ROE % Calculation

HDFC Asset Management Co's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=28580.6/( (81299.9+92287.1)/ 2 )
=28580.6/86793.5
=32.93 %

HDFC Asset Management Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=24906.4/( (0+92287.1)/ 1 )
=24906.4/92287.1
=26.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 26.99% mean?
HDFC Asset Management Co (NSE:HDFCAMC) has a ROE % of 26.99% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on HDFC Asset Management Co and its competitors. This is 17% below median its historical median of 32.65. Over the past decade, HDFC Asset Management Co's ROE % has ranged from 24.46 to 41.24. According to the industry distribution chart, HDFC Asset Management Co ranks #121 out of 1612 companies in the Asset Management industry, placing it in the top 7.5%.
Is HDFC Asset Management Co's ROE % too high?
HDFC Asset Management Co's current ROE % of 26.99% is 17% below median its 10-year median of 32.65. Over the past 10 years, this metric has ranged from a low of 24.46 to a high of 41.24. The Asset Management industry median ROE % is 6.40. HDFC Asset Management Co's value of 26.99% is 322% above this industry median. Based on the distribution chart, HDFC Asset Management Co ranks #121 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, HDFC Asset Management Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Asset Management Co's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, HDFC Asset Management Co ranks #121 out of 1612 companies for ROE %. This places HDFC Asset Management Co in the top 8% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. HDFC Asset Management Co's value of 26.99% is 322% above this benchmark. Historically, HDFC Asset Management Co's own ROE % has ranged from 24.46 to 41.24 over the past decade. While the company's 10-year median is 32.65 vs. the industry median of 6.40, HDFC Asset Management Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDFC Asset Management Co's current ROE % of 26.99% is 322% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on HDFC Asset Management Co and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Asset Management Co's current ROE % is 26.99%, which is 17% below median its own 10-year median of 32.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Asset Management Co stock overvalued right now?
Based on GuruFocus' analysis, HDFC Asset Management Co (NSE:HDFCAMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,991.29, compared to a current price of ₹2,649.70 — trading 11.4% below its estimated fair value. The current ROE % is 26.99%, which is 17% below median its 10-year median of 32.65 and 322% above the Asset Management industry median of 6.40. HDFC Asset Management Co's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For HDFC Asset Management Co (NSE:HDFCAMC), the current ROE % is 26.99% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HDFC Asset Management Co (NSE:HDFCAMC) Overvalued in 2026?

Based on GuruFocus' analysis, HDFC Asset Management Co stock appears to be undervalued. The current stock price of ₹2,649.70 is trading 11.4% below its estimated GF Value™ of ₹2,991.29. GuruFocus considers HDFC Asset Management Co to be Modestly Undervalued.

Key valuation signals for NSE:HDFCAMC:

  • ROE %: 26.99% (17% below median its 10-year median of 32.65)
  • GF Value™: ₹2,991.29 vs. price of ₹2,649.70 (11.4% below fair value)
  • GF Score™: 99/100 with 1 warning sign
  • Industry Position: 322% above the Asset Management median (#121 of 1612)

No single metric tells the full story. See the NSE:HDFCAMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HDFC Asset Management Co Business Description

Other Exchanges 541729:India
Address H.T. Parekh Marg, HDFC House, 2nd Floor, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400020
HDFC Asset Management Co Ltd is an asset management company engaged in providing asset management services to HDFC Mutual Fund, Portfolio Management Services, Advisory Services, and Investment Management Services to AIFs. The Group principally generates revenue from providing asset management services to Mutual Funds, Alternative Investment Funds (AIFs), and other clients. The majority of its revenue is derived from within India.
99GF Score

Get the complete analysis for NSE:HDFCAMC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,649.70
Price
₹2,991.29
GF Value