AnnualReportAI — Business Intelligence
Financial & Valuation Intelligence™

ICICI Prudential Asset Management Company Limited

NSE
ICICIAMC
Sector: Financial Services· Asset Management Company
Current Price
₹2,651.8
Market Cap
₹1.47 L Cr
AI Financial Summary

ICICI Prudential Asset Management Company Limited demonstrates robust profitability and strong capital allocation, reflected in its high ROE and impressive free cash flow growth. However, a negative margin of safety and certain financial health indicators suggest a need for careful consideration regarding its current valuation.

Business Performance (CAGR)

10 Years
Revenue
21.9%
PAT
21.5%
EPS
-37.6%
Book Value
-39.0%
Free Cash Flow
25.4%

Valuation Snapshot

P/E42
P/B33.2
EV/EBITDA32.4
P/S24.5
Div Yield3.44%

Financial Health

Debt to Equity—
Interest Coverage249x
Current Ratio0.4
Cash & Investments₹4.00K Cr

Profitability Metrics

ROE
79.1%
ROCE
—
ROA
65.9%
EBITDA Mgn
75.5%
Op Margin
73.8%
Net Margin
55.0%

Cash Flow Intelligence

Operating Cash Flow₹3.28K Cr
Free Cash Flow₹3.13K Cr
Cash Conversion99.5%
FCF Margin52.2%

Intrinsic Value

Premium
Estimated Intrinsic Value
████████
Current Price₹2,651.8
Margin of Safety██.██%
Unlock with Premium

Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.

AI Business Verdict

ICICI Prudential Asset Management Company Limited exhibits robust operational strength and profitability, with exceptional capital allocation and cash flow generation. However, the current market valuation appears elevated compared to its calculated intrinsic value, and the negative EPS CAGR warrants closer examination. While the underlying business is strong, the premium valuation presents a challenge for long-term value creation at current prices.

  • Robust profitability with ROE at 79.07% and net margin at 54.98%.
  • Exceptional interest coverage ratio of 248.99x, indicating strong debt servicing capacity.
  • Outstanding capital allocation score of 92, suggesting efficient use of resources.
  • Strong revenue and net profit growth (CAGRs of 21.89% and 21.51% respectively).

Balance Sheet

AI-Powered Analysis
Balance Sheet Strength™
64/100
Good

ICICI Prudential Asset Management Company Limited maintains a balanced sheet with adequate liquidity and manageable leverage.

AI Confidence
84%
Stability
72
Flexibility
82
Strength Factors
Liquidity42
Leverage55
Working Capital92
Asset Quality100
Shareholder Strength7
Financial Stability72
Financial Flexibility™
82/100
Strong

Capacity to fund growth, withstand downturns and return capital.

Total Assets
₹5.00K Cr
Total Liabilities
₹832 Cr
Shareholder Equity
₹4.17K Cr
▲ 18.6% YoY
Net Cash Position
+₹4.00K Cr
Excellent
Debt / Equity
Not Available
Elevated
Enterprise Value
₹1.43 L Cr
Capital Structure
Assets
₹5.00K Cr
Equity
₹4.17K Cr (83.4%)
Liabilities
₹832 Cr (16.6%)
Debt Intelligence™
Debt vs Cash Trend
Debt / EquityNot Available
Interest Coverage249.0x
Debt / EBITDANot Available
Net DebtNot Available
Debt Trend (5Y)0.6%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio0.40
Quick Ratio0.40
Cash Ratio0.18
Working Capital₹-498 Cr
Operating Cash CoverageStrong
Short-term LiquidityWeak
Working Capital Intelligence™
CCC Trend
Receivable Days11
Inventory DaysNot Available
Payable DaysNot Available
Cash Conversion Cycle11 days
Asset Quality (% of Total Assets)
Cash & Investments2.9%
Property, Plant & Equip.12.7%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets87.2%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)-39.0%
Net Worth CAGR (5Y)18.8%
Retained EarningsWeak
Equity Dilution0.00%
Buyback EfficiencyWeak
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskElevated
Liquidity RiskHigh
Working Capital RiskLow
Refinancing RiskModerate
Asset Quality RiskLow
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown93
Acquisition Capacity74
High Interest Rates96
Dividend Sustainability44
Revenue Decline62
Cash Flow Resilience78
Expansion Capacity52
Overall Resilience Score
71/100
Strong Resilience
AI Balance Sheet Commentary
Overall Assessment
  • ICICI Prudential Asset Management Company Limited maintains a balanced sheet with adequate liquidity and manageable leverage.
What Stands Out
  • Net cash position — debt fully covered by cash & investments
  • Large cash & investment reserves
  • High interest coverage
  • Efficient working capital cycle
Areas To Monitor
  • Tight short-term liquidity cushion
  • Slow book value compounding
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026