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.
| ₹ crore · consolidated | 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) | 0.00 |
| Cash from operations | 3,282 |
| Capex | (115) |
| ₹ 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ICICI PRUDENTIAL AMC LTD ◆ | 1,50,265 | 56.8 | 36.02 | — | 79.1 | — | — | 84.0 |
| HDFC AMC LIMITED | 1,03,046 | 28.1 | 11.17 | 27.1 | 31.0 | — | — | 101.2 |
| NIPPON L I A M LTD | 76,051 | 46.3 | 16.32 | 37.7 | 32.8 | — | 20.6 | 88.4 |
| ADIT BIRL SUN LIF AMC LTD | 31,436 | 31.2 | 7.78 | 23.8 | 24.1 | — | — | 90.7 |
| UTI ASSET MNGMT CO LTD | 11,702 | 25.4 | 2.60 | 16.3 | 10.5 | — | 7.8 | 65.9 |
| CANARA ROBECO AMC LIMITED | 4,774 | 17.1 | 6.40 | — | 27.3 | 35.9 | — | 88.2 |
| SHRIRAM ASSET MANAGEMENT CO.LT | 453 | — | 2.97 | — | (13.3) | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · ICICI Pru AMC to attend Jefferies India Forum on Sept 16 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · RBI approves ICICI Prudential AMC to acquire up to 9.95% stake in four banks | strategic transactions | medium | — | — |
| 28 Aug 2026 · Promoter Prudential Corp sells 2% stake to meet public shareholding norms | ownership changes | high | — | — |
| 26 Aug 2026 · Promoter Prudential Corp to sell up to 2% stake in ICICI AMC via open market | ownership changes | high | — | — |
| 11 Aug 2026 · ICICI Pru AMC to attend Motilal Oswal Global Investor Conference on Aug 18 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · ICICI Prudential AMC to acquire PMS business from ICICI Securities | board shareholder meetings | medium | — | — |
| 10 Aug 2026 · Board approves acquisition of PMS business from ICICI Securities | board shareholder meetings | medium | — | — |
| 16 Jul 2026 · Q1 FY27 earnings call transcript: PAT up 23% YoY to INR 965 cr | investor communications | medium | — | — |
| 14 Jul 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 13 Jul 2026 · Earnings and media call Q1 FY27 audio recordings hosted on website | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| — |
| (370.7) |
| IL&FS INVESTMENT MANAGERS | 287 | 57.2 | 1.36 | 30.9 | 2.3 | — | 3.5 | 36.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 56.8 | 31.2 | 6 of 7 | 17% |
| P/B | 36.0 | 7.1 | 8 of 8 | 0% |
| ROE | 79.1 | 25.7 | 1 of 8 | 100% |
| Debt / Equity | 0.0 | 0.0 | 1 of 8 | 0% |
| EBITDA margin | 84.0 | 86.1 | 5 of 8 | 43% |
| Market cap | 150265 | 21569 | 1 of 8 | 100% |
| 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 |
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.
