HDFC AMC vs Nippon India AMC: share price, P/E, ROE and financials compared
HDFC Asset Management Company
Nippon Life India Asset Management
HDFC AMC and Nippon India AMC at a glance
HDFC AMC and Nippon India AMC are both listed in Financial Services. HDFC AMC is the larger by market cap, at ₹1.1L Cr against ₹68,177 Cr for Nippon India AMC (1.7 times as large). On valuation, HDFC AMC has the lower P/E (38.3× against 42.8×) and the lower price-to-book (13.19× against 14.29×). On returns and margins, HDFC AMC has the higher operating margin (81.4% against 67.3%), while Nippon India AMC has the higher ROCE (40.0% against 38.5%). Over three years, Nippon India AMC has faster 3-year sales growth (+26.1% against +23.9% a year) and faster 3-year profit growth (+28.3% against +26.2% a year).
Key metrics, side by side
| Metric | HDFC AMCHDFCAMC | Nippon India AMCNAM-INDIA |
|---|---|---|
| Price (₹) | 2,649.80 | 1,065.20 |
| Market cap (₹ Cr) | 1,13,701 | 68,177 |
| P/E | 38.3× (the lower figure, shaded) | 42.8× |
| P/B | 13.19× (the lower figure, shaded) | 14.29× |
| Dividend yield, trailing | 2.04% | 2.91% (the higher figure, shaded) |
| ROE | 36.4% | 35.3% |
| ROCE | 38.5% | 40.0% (the higher figure, shaded) |
| Operating margin (OPM) | 81.4% (the higher figure, shaded) | 67.3% |
| Net margin (NPM) | 60.8% (the higher figure, shaded) | 49.9% |
| Sales CAGR 3Y | +23.9% | +26.1% (the higher figure, shaded) |
| Profit CAGR 3Y | +26.2% | +28.3% (the higher figure, shaded) |
| Debt to equity | – | 0.02× |
| Interest cover | 279.5× | 282.7× |
| Net profit TTM (₹ Cr) | 2,978 | 1,617 |
| 1Y return | −2.3% | +21.3% (the higher figure, shaded) |
| Promoter holding | 52.29% | 71.72% |
HDFC AMC vs Nippon India AMC: common questions
Which is bigger, HDFC AMC or Nippon India AMC?
By market cap, HDFC AMC is bigger at ₹1.1L Cr, against ₹68,177 Cr for Nippon India AMC (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,978 Cr for HDFC AMC and ₹1,617 Cr for Nippon India AMC.
Which has a lower P/E ratio, HDFC AMC or Nippon India AMC?
HDFC AMC trades at a P/E of 38.3× and Nippon India AMC at 42.8×. HDFC AMC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, HDFC AMC or Nippon India AMC?
HDFC AMC reports a return on equity of 36.4% and Nippon India AMC 35.3%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, HDFC AMC or Nippon India AMC?
Over the last three years: Sales grew +23.9% a year at HDFC AMC and +26.1% at Nippon India AMC, so Nippon India AMC grew sales faster; profit grew +26.2% a year at HDFC AMC and +28.3% at Nippon India AMC, so Nippon India AMC grew profit faster. Past growth doesn’t predict future growth.