HDFC Asset Administration Firm Ltd., integrated within the yr 1999, is a Massive Cap firm (having a market cap of Rs 61441.55 Crore) working in Monetary Companies sector.
For the quarter ended 31-03-2021, the corporate reported a Standalone Whole Revenue of Rs 545.57 Crore, down -8.29 % from final quarter Whole Revenue of Rs 594.91 Crore and up 21.34 % from final yr identical quarter Whole Revenue of Rs 449.62 Crore. Firm reported web revenue after tax of Rs 316.08 Crore in newest quarter.
Enterprise levers forward embody: 1) Constructing on efficiency, which may enhance stream share, 2) new product pipeline, and three) doable trade momentum given the online inflows and improve in SIP witnessed in FY22TD. The brokerage maintains BUY with a goal worth of Rs3,284 (unchanged) primarily based on FY23E core EPS of Rs66.4 plus money and investments of Rs296 /share, which takes into consideration 16% AAUM CAGR between FY21-23E together with drop in yields (3bps between FY21-23) and rise in working prices (Rs4.6bn in FY23E in comparison with Rs3.9bn in FY21). It will keep working earnings at ~38bps of AAUM for FY21-23E.
Promoters held 73.9 per cent stake within the firm as of March 31, 2021, whereas FIIs held 9.5 per cent, DIIs 5.8 per cent and public and different 10.8 per cent.
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