NSE: CRAMC · BSE: 544580
CANARA ROBECO AMC LIMITED
Earns revenue by managing mutual fund portfolios and charging asset management fees on assets under management (AUM). Q1 FY27 closing AUM was around ₹1.2 lakh cr, with equity-oriented assets making up about 91% of the mix and debt 9%. Individual investors account for 86% of AUM and institutions 14%. Yield on equity AUM is 39-40 basis points, fixed income 28-29 bps, and liquid funds 2-3 bps, producing an overall yield of 37-38 bps. The distribution network includes 56,890+ empaneled partners and 29 branches, supporting more than 5.05 million investor folios and SIP inflows of ₹6.90 billion a month across roughly 2 million SIP accounts. Employee costs are the largest expense at 25.2% of revenue, with other operating costs at 14.9%, keeping EBITDA margins around 67%. Management has guided to two new fund offers in FY27 and is preparing to enter passives and SIFs after launching a new mutual fund product in the next 2-3 months. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Equity-oriented mutual funds, Fixed income / debt mutual funds, Liquid funds, Passives and SIFs. Asset-light, fee-based asset management with high EBITDA margins (around 67%)
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 425 |
| EBITDA (ex other income) | 254 |
| margin % | 59.8 |
| Owners' profit | 204 |
| EPS, as reported (₹) | 10.22 |
| ROE % · ROCE % | 27.3 · 36.1 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 172 |
| Capex | (6) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 229 | 110 | 114 | 116 |
| Profit before tax | 146 | 70 | 58 | 99 |
| Net profit | 110 | 53 | 41 | 76 |
| EPS (₹) | 5.50 | 2.65 | 2.07 | 3.79 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ICICI PRUDENTIAL AMC LTD | 1,38,936 | 52.5 | 33.31 | — | 79.1 | — | — | 84.0 |
| HDFC AMC LIMITED | 97,207 | 26.5 | 10.53 | — | 31.0 | — | — | 101.2 |
| NIPPON L I A M LTD | 60,286 | 36.7 | 12.94 | — | 32.8 | — | 20.6 | 88.4 |
| ADIT BIRL SUN LIF AMC LTD | 25,507 | 25.3 | 6.31 | — | 24.1 | — | — | 90.7 |
| UTI ASSET MNGMT CO LTD | 10,420 | 22.6 | 2.31 | — | 10.5 | — | 7.8 | 65.9 |
| CANARA ROBECO AMC LIMITED ◆ | 4,114 | 14.7 | 5.52 | — | 27.3 | 35.9 | — | 88.2 |
| SHRIRAM ASSET MANAGEMENT CO.LT | 436 | — | 2.86 | — | (13.3) | — | — | (370.7) |
| IL&FS INVESTMENT MANAGERS | 236 | 47.0 | 1.12 | — | 2.3 | — | 3.5 | 36.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.7 | 26.5 | 1 of 7 | 100% |
| P/B | 5.5 | 5.9 | 4 of 8 | 57% |
| ROCE | 35.9 | 35.9 | 1 of 1 | 0% |
| ROE | 27.3 | 25.7 | 4 of 8 | 57% |
| Debt / Equity | 0.0 | 0.0 | 1 of 1 | 0% |
| EBITDA margin | 88.2 | 86.1 | 4 of 8 | 57% |
| Market cap | 4114 | 17964 | 6 of 8 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Sunil Kumar Chugh appointed Additional Director, pending shareholder approval | management changes | medium | — | — |
| 27 Oct 2026 · Sunil Kumar Chugh appointed additional non-executive director | management changes | medium | — | — |
| 15 Oct 2026 · Canara Robeco Q2 PAT up 21% YoY, AUM at Rs 1.17L cr, Rs 2 interim dividend | investor communications | medium | — | — |
| 12 Oct 2026 · Canara Robeco AMC uploads Q2FY27 earnings call audio recording | investor communications | low | — | — |
| 11 Oct 2026 · Newspaper publication of Q2 and H1 FY26 unaudited results | compliance | minimal | — | — |
| 10 Oct 2026 · Q2 FY27 results: Revenue up 17% YoY, PAT up 22% YoY | results | low | — | — |
| 10 Oct 2026 · CRAMC Q2 FY27 Investor Presentation filed with exchanges | investor communications | medium | — | — |
| 9 Oct 2026 · Q2 results, Rs 2 interim dividend, record date Oct 16 | results | medium | — | — |
| 9 Oct 2026 · Interim Dividend Rs 2 declared; Q2 PAT up 21.5% YoY | corporate actions | high | — | — |
| 9 Oct 2026 · Canara Robeco AMC Q2 FY27: PAT up 21.5% YoY, Rs 2 interim dividend declared | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.