Large Asset Management
Market Cap
₹1,49,694 ₹1.50 L Cr.
P/E
45.39
PEG
2.95
PEG = P/E ÷ 5yr forward EPS CAGR
5yr forward EPS CAGR thesis · Base case

Base case driven by sustained industry SIP flows (20%+ growth) and alternates scaling to 19% of revenue, with manageable TER cut impact of 3–4 bps.

Bull case triggered if SIP growth exceeds 25% and alternates growth surpasses 30% via ICICI Venture integration, lifting operating margins above 40 bps.

Bear case materialises if TER cut exceeds 6 bps, equity markets correct slowing AUM growth below 12%, and passive mix rises above 20%, compressing blended yields below 44 bps.

Key Ratios

Debt to Equity
Debt to Equity
-
Div Yield (%)
Div Yield (%)
3.38
Individual < 2 lac
Individual < 2 lac
1.46 %
Institutions
Institutions
9.76 %
Market cap
Market cap
1.50 L Cr
No. of Shareholders
No. of Shareholders
5.91 L
OPM (%)
OPM (%)
73.88 %
PE
PE
45.39
Prom Holding
Prom Holding
87.60 %
ROCE (%)
ROCE (%)
55.88
ROE (%)
ROE (%)
79.07
Sales
Sales
5,926 Cr
  • ICICI Prud.Asset Man
  • HDFC Asset Mngt. Co
  • Canara Robeco AM Co.
Last updated on 7 Oct 2026
  • ICICI Prudential AMC earns mutual-fund management fees, with retail-led flows at its core. ICICI Venture, its alternative-investment-fund (AIF) platform, also contributes fees.
  • It manages ₹11.05tn of average assets (AAUM), with 13.7% active and 14.2% equity market share. Net-flow share runs above its AUM share.
  • It listed in December 2025 after an IPO. Its Q1FY26 base was restated for a common-control combination with ICICI Venture's AIF business.
  • Management's doctrine is expansion into alternatives, specialised investment funds and international platforms in GIFT City and Dubai. It approved acquiring ICICI Securities' portfolio-management (PMS) business.
  • Q1FY27 PAT was ₹9.65bn, but the QoQ bounce was flattered by a weak Q4 base. EPS is distorted by the June 2026 bonus.
  • Near-term margins hinge on the total expense ratio (TER) and employee-cost timing. Employee costs rose 44% QoQ in Q1FY27 on ESOP timing.
  • The stock is in a post-listing sell-down phase. The promoter group holds 85.6%, with about 10.6pp of selling left to reach the 25% public minimum.
  • Q2FY27 results and EPS normalisation 12 Oct 2026
    The first post-bonus weighted share count makes EPS comparable. The print also shows employee-cost growth and the TER effect.
  • ICICI Securities PMS acquisition completion ~by Aug 2027
    The slump sale is priced at 1.20% of the AUM transferred. The target earned ₹20.9Cr of PMS fees in FY26.
  • Open SEBI settlement matter no stated timeline
    The resolution terms and any conditions on the AMC's operations are not yet disclosed.
  • Further promoter tranches no stated calendar
    Each open-market tranche adds float toward the sell-down target. The August 2026 tranche was 2.00%.
Price Range

See where the stock is trading versus its 52-week high and low.

Low
2530
52W Range
High
3611
Timeline

Key company specific updates.

Custom financial statement

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Forensics

11 Yes

Positive for this company

3 Neutral

Neutral for this company

2 No

Negative for this company

1 No Data

Insufficient data to analyse

Market Share

13.40 %
(as of Jun 26)
Mutual Fund - Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Operational Metrics

    Select a Metric
    • AUM - Mutual Funds (Crs)
    • 5 Yr AUM CAGR - Mutual Funds (%)
    • % of AUM in equity fund (%)

    Peer Comparison

    Corporate Actions

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    FAQs on ICICI Prudential Asset Management Company Ltd. Business

    ICICI Prudential Asset Management Company, incorporated on June 22, 1993, is one of the largest asset management companies in India in terms of active mutual fund quarterly average assets under management. The company manages the investment portfolios of the ICICI Prudential Mutual Fund (the Fund) and provides various administrative services to the Fund and ICICI Prudential Trust. In addition to its mutual fund business, it also has a growing alternates business comprising portfolio management services (PMS), management of alternative investment funds (AIFs) and advisory services to offshore clients.

    ICICI Prud.Asset Man major competitors are HDFC Asset Mngt. Co, Canara Robeco AM Co., Nippon LifeInd.Asset, UTI Asset Management, Aditya Birla Sun AMC.
    Market Cap of ICICI Prud.Asset Man is ₹1,52,795 Crs.
    While the median market cap of its peers are ₹28,716 Crs.

    ICICI Prud.Asset Man seems to be less financially stable compared to its competitors.
    Altman Z score of ICICI Prud.Asset Man is 24.45 and is ranked 5 out of its 6 competitors.

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