Earnings Update: Here's Why Analysts Just Lifted Their Aditya Birla Sun Life AMC Limited (NSE:ABSLAMC) Price Target To ₹552
May 01
Indian (NIFTY) Asset Management Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies102
- 7D-3.1%
- 3M5.8%
- 1Y100.6%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 3.1%, driven by HDFC Asset Management declining 3.3%. Over the past 12 months, the industry was up 101%. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Indian Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹3.5t | ₹473.6b | ₹192.8b | 26.8x | 18.3x | 7.5x |
| Fri, 05 Apr 2024 | ₹3.5t | ₹451.2b | ₹200.8b | 27.2x | 17.2x | 7.7x |
| Sun, 03 Mar 2024 | ₹3.5t | ₹438.7b | ₹195.8b | 28.4x | 17.8x | 7.9x |
| Tue, 30 Jan 2024 | ₹3.1t | ₹442.0b | ₹167.8b | 26.4x | 18.8x | 7.1x |
| Thu, 28 Dec 2023 | ₹3.0t | ₹438.3b | ₹166.0b | 24.3x | 18x | 6.8x |
| Sat, 25 Nov 2023 | ₹2.8t | ₹438.3b | ₹166.0b | 23.1x | 16.7x | 6.3x |
| Mon, 23 Oct 2023 | ₹2.6t | ₹439.5b | ₹166.8b | 24.9x | 15.6x | 5.9x |
| Wed, 20 Sep 2023 | ₹2.3t | ₹416.0b | ₹146.1b | 20.4x | 15.4x | 5.4x |
| Fri, 18 Aug 2023 | ₹2.1t | ₹416.0b | ₹146.3b | 19.3x | 14.6x | 5.1x |
| Sun, 16 Jul 2023 | ₹2.0t | ₹405.8b | ₹140.2b | 25.3x | 14.5x | 5x |
| Tue, 13 Jun 2023 | ₹1.8t | ₹405.4b | ₹140.1b | 21.1x | 12.8x | 4.4x |
| Thu, 11 May 2023 | ₹1.7t | ₹385.0b | ₹116.6b | 20.4x | 14.3x | 4.3x |
| Sat, 08 Apr 2023 | ₹1.6t | ₹388.2b | ₹101.9b | 19.5x | 15.6x | 4.1x |
| Mon, 06 Mar 2023 | ₹1.6t | ₹388.2b | ₹101.9b | 20.3x | 16x | 4.2x |
| Wed, 01 Feb 2023 | ₹1.7t | ₹363.1b | ₹94.9b | 21.2x | 17.6x | 4.6x |
| Fri, 30 Dec 2022 | ₹1.7t | ₹362.0b | ₹94.5b | 21.9x | 18.5x | 4.8x |
| Sun, 27 Nov 2022 | ₹1.7t | ₹362.1b | ₹94.5b | 19.9x | 18.5x | 4.8x |
| Tue, 25 Oct 2022 | ₹1.7t | ₹345.7b | ₹93.1b | 22.8x | 18.2x | 4.9x |
| Thu, 22 Sep 2022 | ₹1.7t | ₹346.6b | ₹96.8b | 25.3x | 17.8x | 5x |
| Sat, 20 Aug 2022 | ₹1.7t | ₹345.8b | ₹96.1b | 24.2x | 17.2x | 4.8x |
| Mon, 18 Jul 2022 | ₹1.5t | ₹330.2b | ₹92.0b | 19.6x | 16x | 4.5x |
| Wed, 15 Jun 2022 | ₹1.4t | ₹330.0b | ₹91.9b | 20.8x | 15.8x | 4.4x |
| Fri, 13 May 2022 | ₹1.5t | ₹307.9b | ₹88.1b | 17x | 16.9x | 4.8x |
| Sun, 10 Apr 2022 | ₹1.8t | ₹305.0b | ₹87.3b | 19.6x | 20.3x | 5.8x |
| Tue, 08 Mar 2022 | ₹1.6t | ₹306.6b | ₹88.5b | 16.3x | 17.6x | 5.1x |
| Thu, 03 Feb 2022 | ₹1.8t | ₹303.7b | ₹84.6b | 18.6x | 21x | 5.9x |
| Sat, 01 Jan 2022 | ₹1.8t | ₹303.4b | ₹82.8b | 15.9x | 21.6x | 5.9x |
| Mon, 29 Nov 2021 | ₹1.8t | ₹300.5b | ₹82.3b | 14.3x | 21.8x | 6x |
| Wed, 27 Oct 2021 | ₹1.9t | ₹284.5b | ₹69.6b | 19x | 27.4x | 6.7x |
| Fri, 24 Sep 2021 | ₹1.8t | ₹276.0b | ₹64.7b | 19.2x | 28.4x | 6.7x |
| Sun, 22 Aug 2021 | ₹1.7t | ₹276.2b | ₹64.6b | 19.2x | 26.1x | 6.1x |
| Fri, 09 Jul 2021 | ₹1.6t | ₹276.2b | ₹64.6b | 16.4x | 24.3x | 5.7x |
Price to Earnings Ratio
28.4x
Current Industry PE
- Investors are relatively neutral on the Indian Asset Management and Custody Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.8x.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 7.5x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 52% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Asset Management compare with similar industries?
| IN Market | -1.98% | |
| Financials | -3.18% | |
| Capital Markets | -2.64% | |
| Asset Management | -3.12% | |
| Diversified Capital Markets | 0.15% | |
| Financial Exchanges and Data | -2.15% | |
| Investment Banking and Brokerage | -2.49% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CDSL Central Depository Services (India) | ₹2.17k | 2.8% +₹6.3b | 120.3% | PE54.1x | |
| KFINTECH KFin Technologies | ₹768.20 | 2.4% +₹3.1b | 149.2% | PE53.4x | |
| PRUDENT Prudent Advisory Services | ₹1.59k | 3.2% +₹2.0b | 84.4% | PE47.6x | |
| ABSLAMC Aditya Birla Sun Life AMC | ₹549.70 | 1.3% +₹2.0b | 52.9% | PE20.3x | |
| WEALTH Wealth First Portfolio Managers | ₹917.80 | 20.7% +₹1.7b | 239.9% | PE32.5x |