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Canara Robeco Asset Management Company Limited (CRAMC) is a prominent asset management firm in India, serving as the investment manager for Canara Robeco Mutual Fund. Incorporated in 1993, it’s notable for being India’s second oldest AMC. CRAMC operates as a joint venture between the public sector commercial bank, Canara Bank (51% stake), and ORIX Corporation Europe N.V. (49% stake), a subsidiary of the Japanese conglomerate ORIX Corporation.
Headquartered in Mumbai, CRAMC offers a diverse portfolio including equity, debt, and hybrid schemes. As of June 30, 2025, the company managed 26 schemes with a Quarterly Average Asset under Management (QAAUM) of ₹1,110.52 billion. Its strategy focuses on liquid investments, maintaining zero exposure to complex instruments like structured debt and AT1 bonds. CRAMC has a strong retail focus, with 86.87% of its Monthly Average AUM (MAAUM) from retail investors and the second highest share of retail AUM among the top 20 AMCs in India as of June 30, 2025. It also demonstrates a strategic reach into emerging markets, holding the second highest share of B-30 city AUM among the top 20 AMCs. This robust growth, supported by a vast network of 25 branches and over 52,000 distribution partners, underscores its solid position in the Indian mutual fund industry.
For the year/period ended (Rs. in Cr.)
| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Total Revenue | 404.00 | 318.78 | 204.80 |
| Profit After Tax | 190.70 | 151.00 | 79.00 |
| EPS | 9.56 | 7.57 | 3.96 |
| EBITDA Margin (%) | 65.37 | 63.10 | 56.59 |
| PAT Margin (%) | 47.20 | 47.37 | 38.57 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY25 |
Net Profits(Cr.) FY25 |
|---|---|---|---|---|---|---|
| Canara Robeco Asset Management Company Limited | 5304.50* | 266 | 8.84 | 21.75 | 404 | 190.70 |
| HDFC Asset Management Company Limited | 120875 | 5648 | 14.9 | 46.4 | 4050 | 2461 |
| Nippon Life India Asset Management Limited | 55538 | 872 | 13.1 | 41.2 | 2518 | 1286 |
| Aditya Birla Sun Life AMC Limited | 23534 | 815 | 6.34 | 24.2 | 1982 | 931 |
| UTI Asset Management Company Limited | 16696 | 1302 | 3.67 | 23.4 | 1851 | 813 |
*Market cap @upper band
The Company CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO ₹ 266, the stock is valued at 21.75 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.
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