ICICIAMC vs HDFC AMC: share price, P/E, ROE and financials compared
ICICI Prudential Asset Management Company
HDFC Asset Management Company
ICICIAMC and HDFC AMC at a glance
ICICIAMC and HDFC AMC are both listed in Financial Services. ICICIAMC is the larger by market cap, at ₹1.5L Cr against ₹1.1L Cr for HDFC AMC (1.3 times as large). On valuation, HDFC AMC has the lower P/E (38.3× against 41.1×) and the lower price-to-book (13.19× against 27.16×). On returns and margins, ICICIAMC has the higher ROCE (98.3% against 38.5%) and the higher ROE (76.2% against 36.4%), while HDFC AMC has the higher operating margin (81.4% against 74.1%). Over three years, ICICIAMC has faster 3-year sales growth (+28.9% against +23.9% a year) and faster 3-year profit growth (+29.6% against +26.2% a year).
Key metrics, side by side
| Metric | ICICIAMCICICIAMC | HDFC AMCHDFCAMC |
|---|---|---|
| Price (₹) | 2,935.80 | 2,649.80 |
| Market cap (₹ Cr) | 1,45,104 | 1,13,701 |
| P/E | 41.1× | 38.3× (the lower figure, shaded) |
| P/B | 27.16× | 13.19× (the lower figure, shaded) |
| Dividend yield, trailing | 1.95% | 2.04% |
| ROE | 76.2% (the higher figure, shaded) | 36.4% |
| ROCE | 98.3% (the higher figure, shaded) | 38.5% |
| Operating margin (OPM) | 74.1% | 81.4% (the higher figure, shaded) |
| Net margin (NPM) | 54.7% | 60.8% (the higher figure, shaded) |
| Sales CAGR 3Y | +28.9% (the higher figure, shaded) | +23.9% |
| Profit CAGR 3Y | +29.6% (the higher figure, shaded) | +26.2% |
| Debt to equity | – | – |
| Interest cover | 249.0× | 279.5× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 3,534 | 2,978 |
| 1Y return | +15.2% (the higher figure, shaded) | −2.3% |
| Promoter holding | 85.60% | 52.29% |
ICICIAMC vs HDFC AMC: common questions
Which is bigger, ICICIAMC or HDFC AMC?
By market cap, ICICIAMC is bigger at ₹1.5L Cr, against ₹1.1L Cr for HDFC AMC (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,534 Cr for ICICIAMC and ₹2,978 Cr for HDFC AMC.
Which has a lower P/E ratio, ICICIAMC or HDFC AMC?
ICICIAMC trades at a P/E of 41.1× and HDFC AMC at 38.3×. 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, ICICIAMC or HDFC AMC?
ICICIAMC reports a return on equity of 76.2% and HDFC AMC 36.4%. ICICIAMC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, ICICIAMC or HDFC AMC?
Over the last three years: Sales grew +28.9% a year at ICICIAMC and +23.9% at HDFC AMC, so ICICIAMC grew sales faster; profit grew +29.6% a year at ICICIAMC and +26.2% at HDFC AMC, so ICICIAMC grew profit faster. Past growth doesn’t predict future growth.