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Canara Robeco Asset Management Cmpny Ltd
NSE: CRAMC BSE: 544580 INE218I01013 Financial Services Cap Markets 🔎 Screen
Microcap 250
₹5,184 Cr
Market Cap
9.49
P/B
40.1%
ROCE
30.3%
ROE
0.02
D/E
62.7%
Fin. Margin
+26.6%
% from 52W High
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📈 Price History
Ratio Health
Excellent
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Shareholding
About

Incorporated in 1993, Canara Robeco Asset Management Company Ltd is primarily engaged in managing mutual funds and providing investment advisory services.

✓ Strengths 4
  • Company is almost debt free.
  • Company has delivered good profit growth of 41.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
  • Company has been maintaining a healthy dividend payout of 30.0%
! Concerns 1
  • Stock is trading at 7.11 times its book value
Key Ratios Snapshot
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📈 Growth Pattern
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Mixed quarter – strong profit growth (+24% YoY) but AUM growth lagged industry (5.8% YoY vs 10.5% industry), SIP monthly contributions declined 7.6% YoY, and total folios were flat. quarter Investor Presentation One-Pager? Jun 2026
Revenue
₹116.2 Cr
+20% YoY (₹97.1 Cr)
Operating Profit (Core AMC)
₹69.8 Cr
+26% YoY; margin 60.1%
PAT
₹75.6 Cr
+24% YoY (₹61.0 Cr)
QAAUM
₹118,700 Cr
+9.4% YoY? (vs ₹108,500 Cr?); equity QAAUM ₹108,100 Cr
What Went Right
  • Revenue grew 20% YoY to ₹116.2 Cr, driven by higher AUM and yield.
  • PAT increased 24% YoY to ₹75.6 Cr, with operating profit from core AMC up 26% to ₹69.8 Cr.
  • B-30 MAAUM share improved 40 bps QoQ to 23.5% of total MAAUM (₹281 bn).
  • Digital platform engagement surged: website engagement rate up 67.91% YoY, average time up 44.43%.
  • Distributor network expanded 8.6% YoY to 56,819.
What to Watch
  • Closing AUM growth of 5.8% YoY (₹117,500 Cr vs ₹111,100 Cr) lagged industry growth of 10.5%.
  • SIP monthly contributions fell 7.6% YoY to ₹6.90 bn (from ₹7.47 bn), and outstanding SIP accounts dropped 6.5% to 2.00 Mn.
  • Total folios remained flat at 5.05 Mn (Jun'25 vs Jun'26) – no net new investor additions.
  • Equity QAAUM growth of 6.7% YoY (₹108,100 Cr from ₹101,300 Cr) also likely trailed industry equity growth.
  • Other income swung to positive ₹5 Cr this quarter vs negative ₹104 Cr in Q4 FY26, masking core volatility.
Investor Lens
CRAMC’s profitability remains robust, with operating margins above 60% and double-digit PAT growth. However, the AUM growth slowdown relative to the industry and declining SIP flows are concerning. The flat folio count suggests a struggle to acquire new investors, while the drop in SIP contributions signals possible churn or lower ticket sizes. The improvement in B-30 share and digital engagement are positives but haven't translated into scale. Next quarter, watch whether closing AUM growth can re-accelerate to match industry, and whether SIP monthly contributions stabilize. If current trends persist, market share erosion could pressure revenue growth and valuation multiples.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter: Revenue up 19.8% YoY, PAT up 24.6% YoY.
Revenue
Revenue for Jun 2026 quarter stood at ₹145.0 Cr, registering a 19.8% YoY growth from ₹121.0 Cr in Jun 2025. Sequentially, revenue surged 39.4% from ₹104.0 Cr in Mar 2026, driven by higher AUM and investment income.
Profitability
Net profit rose 24.6% YoY to ₹76.0 Cr (vs ₹61.0 Cr in Jun 2025) and jumped 85.4% QoQ. EPS improved to ₹3.79 from ₹3.06 a year ago. Tax rate was maintained at 24%, indicating stable tax planning.
Margins
Operating profit margin (OPM) expanded to 70% in Jun 2026 from 68% in Jun 2025 and 58% in Mar 2026. This improvement reflects better operating leverage and controlled costs.
Cash Flow
Cash flow data was not provided in the results. The quality of earnings cannot be assessed from operating cash flow vs PAT.
Balance Sheet
The company has negligible debt with a debt-to-equity ratio of 0.02. Strong return ratios (ROCE 40.1%, ROE 30.3%) indicate efficient capital usage and a healthy balance sheet.
Key Risks
Revenue and profitability are closely tied to equity market performance and AUM growth. Competitive pressures in the asset management industry could compress margins. Any regulatory changes impacting fee structures or expense ratios pose a risk.
Outlook
Sustained market participation and new fund inflows could support AUM growth and revenue. However, any downturn in capital markets may pressure earnings and margins.
Generated by AI · Jun 2026 results · Not investment advice
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