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HDFCAMC Share Price Target

HDFC Asset Management Company Ltd.
Sector: Finance
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HDFCAMC Share Price *
2,989 -193.35 (-6.08%)
* (quote may be delayed)
HDFCAMC Share Price Forecast - Consensus
No. of reports in last year
4
No. of analysts
4
Average Consensus Forecast
2820.25
Consensus Potential
-18.97%

HDFCAMC Share Price Target - Broker Reports - 2019

Geojit Financial Services
6-Nov-19
Price @ Call: 2961.26
Target: 3225
HOLD

ICICIdirect.com
30-Oct-19
Price @ Call: 3009.95
Target: 3040
HOLD
Migration to financial savings, strong distribution and a consistent performance are expected to enable healthy AUM growth and maintain leadership. Strong operating efficiency, higher proportion of equity AUM & strong SIP flows would aid profitability. With benefits of lower corporate tax rate kicking in, we revise our PAT estimates up by 10%, 9% for FY20E, FY21E, respectively. Given HDFC AMC’s strong positioning & superior earnings profile, the business deserves a premium valuation. However, a recent price spike appears to factor in all positives. Factoring in tax cut benefits, we revise our T higher to | 3040 (earlier | 2800). Maintain HOLD.
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Nirmal Bang
29-Oct-19
Price @ Call: 3060.05
Target: 3166
ACCUMULATE
HDFC Asset Management Company Limited (HDFC AMC) reported its 2QFY20 results with the key pointers being: (1) AUM growth remains strong but higher share of liquid funds led to subdued revenue growth (2) PAT growth of 79% was supported by higher other income and lower effective tax rate. (See comprehensive conference call takeaways on page 2 for significant incremental colour). Per se, on the key financials, HDFC AMC posted MF AUM growth of 25% YoY at Rs3,662bn, net revenue growth of 3.7% YoY at Rs4,980mn, EBITDA growth of 46.5% at Rs3,889mn and PAT growth of 78.8% YoY at Rs3,682mn. We have revised our estimates for FY20/FY21/FY22 and retained Accumulate rating on HDFC AMC, revising our target price to Rs3166 (from Rs3047 earlier), valuing the stock at 40x H1FY22E P/E.
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JM Financial
9-Apr-19
Price @ Call: 1527.7
Target: 1850
BUY

  • HDFCAMC - Share Price Target Potential

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    BrokerageTargetPotential
    Geojit Financial Services3,2251.32%
    ICICIdirect.com3,040-4.68%
    Nirmal Bang3,166-0.52%
    JM Financial1,850-72.02%