Canara Robeco Asset Management Company Limited

BSE: CRAMC · Asset Management Company

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52W Range₹199 – ₹325

Snapshot

Unlock Canara Robeco Asset Management Company Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Canara Robeco Asset Management Company is a joint venture between Canara Bank and Robeco that specialises in managing mutual funds and providing investment advisory services. As India's second-oldest asset management company, it offers a diverse range of investment products to retail and institutional investors.

Business Model

The company generates revenue primarily through asset management fees charged on the Assets Under Management (AUM) of its mutual fund schemes. It also earns income from providing investment advisory services to various clients.

  • Canara Bank Ownership:51%
  • Robeco Ownership:49%

Growth Outlook

Growth is driven by the increasing financialisation of household savings in India and the rising penetration of mutual funds across tier-2 and tier-3 cities. The company continues to leverage its strong banking parentage to expand its distribution network.

Key Risks

  • Market Volatility. Fluctuations in equity and debt markets directly impact the company's Assets Under Management and fee-based revenue.
  • Regulatory Risk. Changes in SEBI regulations regarding expense ratios and commission structures can significantly compress profit margins.
  • Competitive Intensity. The Indian asset management industry is highly competitive, with pressure from both established players and new entrants impacting market share.
  • Performance Risk. The inability of fund managers to consistently outperform benchmarks may lead to investor outflows and reduced brand equity.

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Key Metrics

P/E

18.6×

Q2 FY27 · standalone

18.6 vs 19.0x5Y avg

EV/EBITDA

12.9x

Q2 FY27 · standalone

12.9 vs 13.2x5Y avg

NET PROFIT MARGIN

48.7%

Q2 FY27 · standalone

+3.5 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · standalone

+0.00xYoY

Peers · Asset Management Company

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Canara Robeco Asset Management Company LimitedCRAMC
₹4,115 Cr18.6×12.90—69.0%30.2%40.6%-32.7%
Nippon Life India Asset Management Ltd.NAM-INDIA
₹57,924 Cr37.8×—24.3%75.1%35.3%27.5%+9.5%
Aditya Birla Sun Life AMC Ltd.ABSLAMC
₹23,308 Cr23.9×—5.6%71.1%26.5%—+7.0%
UTI Asset Management Company Ltd.UTIAMC
₹10,417 Cr21.7×—8.3%46.1%11.6%—-35.1%
Gaja Alternative Asset Management LimitedGAJA
₹1,735 Cr———53.0%———
Shriram Asset Management Co.Ltd.SRAMSET
₹425 Cr-15.8×—56.5%-189.3%-22.7%-3.1%-32.3%

As of Q2 FY27

Financials