ICICI AMC (ICICIAMC)
Fast GrowerFairStock Score: 10/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹3,097.9 |
| Market Cap | ₹1,53,116.34 Cr |
| P/E Ratio | 44.05 |
| ROCE | 0% |
| ROE | 85.8% |
| Dividend Yield | 0.8% |
| Profit Growth | 23.1% |
| Debt/Equity | 0.04 |
| Sales Growth | 18.1% |
| Free Cash Flow | ₹31,54,57,495.04 Cr |
| Promoter Holding | 87.59% |
| 52-Week Range | ₹2,530 — ₹3,609.85 |
| Sector | Capital Markets |
| Book Value | ₹84.39 |
Strengths
- Exceptional ROE of 85.80% with asset-light business model
- Strong growth: sales up 19.98% and profit up 21.90%
- Recent quarter shows robust scale: ₹2,949 Cr sales and ₹1,618 Cr net profit
- High promoter holding of 87.59% aligns ownership with management
- Piotroski F-score of 6/9 indicates reasonable financial health
Concerns
- Expensive valuation: P/E 52.30, P/B 39.63, PEG 2.50
- Very low dividend yield of 0.48% limits shareholder return while waiting
- FairStock Score of 14/100 flags significant risk
- Profitability highly sensitive to equity market cycles and regulatory changes
AI Analysis
Let me think about ICICI AMC like a businessman. An asset management company is a tollbooth on market activity—it requires little capital, earns high returns, and tends to compound well if the franchise is trusted. At ₹3,345, the market is asking 52 times earnings and nearly 40 times book value. That is a rich price, even for a quality business. The reported ROE of 85.80% on a book value of ₹84.42 is exceptional, and the latest quarter shows sales of ₹2,949 Cr and net profit of ₹1,618 Cr. Sales grew 19.98% and profit 21.90%—that is momentum. Promoter holding of 87.59% also keeps management aligned with public shareholders. But I must be honest: the PEG ratio of 2.50 tells me the growth is already factored in and then some. Dividend yield is a thin 0.48%, so the stock offers little while I wait. The Piotroski F-score of 6/9 is okay, not great, and the FairStock score of 14/100 is a clear warning. The free cash flow figure of ₹3,154.57 lakh Cr seems implausible in my mental framework, so I would not anchor on it. If equity markets correct or regulation squeezes expense ratios, the profit cycle can turn quickly. This is a fine franchise, but a poor bargain. I want a margin of safety—at this valuation, Benjamin Graham would say the margin is missing. Wait for a better price.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer