NSE: ICICIAMC · BSE: 544658
ICICI PRUDENTIAL AMC LTD
Manages pooled investment assets for retail and institutional investors in India and earns fees on the assets under management. The core business is mutual funds, where quarterly average AUM stood at ₹11.17 lakh crore in Q1 FY27, giving it a 13.4% share of the industry and the second-largest position overall. Within mutual funds, equity schemes accounted for ₹6.31 lakh crore of QAAUM (14% market share, the leadership slot), while equity-oriented hybrid QAAUM stood at ₹2.22 lakh crore. The retail book has 1.73 crore unique customers and monthly systematic transactions (SIP plus STP) of ₹48.72 billion. Beyond plain-vanilla mutual funds, it runs Portfolio Management Services (PMS) with QAAUM of ₹28,996 crore and Alternative Investment Funds (AIF) at ₹22,737 crore, combined under an alternates head of ₹79,446 crore after absorbing the ICICI Venture AIF business effective April 2026. It is also seeding the new SEBI-permitted Specialised Investment Fund category, with four of seven permitted strategies live and QAAUM of ₹2,678 crore. Distribution covers more than 300 towns, with further Tier 3 and 4 expansion underway. Employee cost at 11.1% of revenue is the dominant operating line and operating margin on AUM stood at 36.9 bps in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mutual fund management fees, Portfolio Management Services (PMS), Alternative Investment Funds (AIF), Specialised Investment Funds (SIF). Asset-light, fee-based asset management; operating margin of 36.9 bps on AUM in Q1 FY27.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 5,765 |
| EBITDA (ex other income) | 4,294 |
| margin % | 74.5 |
| Owners' profit | 3,298 |
| EPS, as reported (₹) | 66.73 |
| ROE % · ROCE % | 79.1 · — |
| Debt / equity (x) | — |
| Cash from operations | 3,282 |
| Capex | (115) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 1,515 | 1,517 | 1,564 |
| Profit before tax | 1,219 | 1,039 | 1,281 |
| Net profit | 917 | 763 | 965 |
| EPS (₹) | 18.55 | 15.45 | 19.52 |
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) | 52.5 | 26.5 | 7 of 7 | 0% |
| P/B | 33.3 | 5.9 | 8 of 8 | 0% |
| ROE | 79.1 | 25.7 | 1 of 8 | 100% |
| EBITDA margin | 84.0 | 86.1 | 5 of 8 | 43% |
| Market cap | 138936 | 17964 | 1 of 8 | 100% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Senior management executive resigns from ICICI Prudential AMC | management changes | high | — | — |
| 16 Oct 2026 · Earnings call transcript filed with NSE | investor communications | medium | — | — |
| 16 Oct 2026 · ICICI AMC announces US roadshow from November 2 to 6, 2026 | board shareholder meetings | low | — | — |
| 13 Oct 2026 · Compliance Certificate Under SEBI Regulation 74(5) For Q2 FY27 | compliance | minimal | — | — |
| 13 Oct 2026 · Newspaper ads for Q2 FY26 results filed with stock exchanges | compliance | minimal | — | — |
| 12 Oct 2026 · ICICI Prudential AMC posts Q2 FY27 earnings and media call recordings on website | investor communications | low | — | — |
| 12 Oct 2026 · ICICI Prudential AMC Q2 FY27: profit up, interim dividend of Rs 30/share declared | results | high | — | — |
| 12 Oct 2026 · ICICI Prudential AMC Q2 FY27 Investor Presentation | investor communications | medium | — | — |
| 12 Oct 2026 · Q2 results, Rs 30 interim dividend; record date October 21 | corporate actions | medium | — | — |
| 12 Oct 2026 · ICICI Prudential AMC Q2 results, declares Rs 30 interim dividend | corporate actions | 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.