Canara Robeco Asset Management Company Limited (CRAMC)
Micro CapFinancial Services stocks · Micro cap · NSE
Canara Robeco Asset Management Company Limited (CRAMC) provides asset management services to the schemes of Canara Robeco Mutual Fund and advisory services to clients. It aims for "Inspired Investing for every Indian household" through a multi-channel distribution network and a growing digital ecosystem.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is supportive, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 85/100Rev +20% YoY · PAT +25% YoY · margin expansion · +39% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹145 Cr | +19.8% | +39.4% |
| EBITDA | ₹102 Cr | +24.4% | +70.0% |
| Operating margin | 70.0% | +200 bps | +1200 bps |
| PAT | ₹76 Cr | +24.6% | +85.4% |
| PAT margin | 52.4% | +200 bps | +1299 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
CRAMC reported robust Q1 FY27 financial results with Revenue from Operations up 20% YoY and PBT/PAT growing 24% YoY. QAAUM increased 6.8% YoY, but closing AUM growth was a more modest 1.7% YoY. Systematic investments show continued strength.
The company's core AMC business demonstrates strong profitability and operational efficiency, reflected in significant YoY and QoQ growth in PBT and PAT. While QAAUM growth is healthy, the slower closing AUM growth suggests potential for improvement in net flows. Digital initiatives and distribution expansion are positive drivers.
MAAUM by Distributor Segment (Jun 2026)
Latest issuer-disclosed distribution across 4 reported categories.
Systematic Investment Plans (SIPs)
SIP Monthly Contribution was ₹6.90 Billion and 2.00 Million outstanding SIP accounts as of June 2026, indicating sustained investor interest.
Expanding Distribution Network
The number of distributors grew to 56,819 (Jun'26) from 52,343 (Jun'25), and branches increased to 29 from 25, enhancing market reach.
Digital Ecosystem Enhancement
Website user engagement rate grew 67.91% YoY and average engagement time increased 44.43% YoY in Q1 FY27, improving investor interaction.
Focus on Equity AUM
Equity QAAUM reached ₹1,081 Billion for Q1 FY27, representing a significant portion of the total AUM and driving fee income.
Branch Network Expansion
The company increased its number of branches to 29 as of June 2026 from 25 in June 2025.
Distributor Base Growth
The number of distributors grew to 56,819 as of June 2026 from 52,343 in June 2025.
Digital Platform Features
New features launched include NRI re-KYC and fresh investments for minors on the Investor Portal, and MFD empanelment via WhatsApp Chatbot.
Overall Industry AUM Growth
The mutual fund industry's QAAUM grew 15.3% YoY to ₹83,145 Billion as of June 2026, indicating a favorable market environment.
Growth in Individual Investor Base
Industry Individual MAAUM increased 12.6% YoY to ₹51,084 Billion as of June 2026, suggesting rising retail participation.
Strong Industry SIP Momentum
Industry SIP monthly flows grew 16.5% YoY to ₹318 Billion and SIP AUM grew 15.7% YoY to ₹17,705 Billion as of June 2026.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Both YoY and QoQ comparisons are crucial. YoY provides insight into long-term growth trends and seasonal impacts, while QoQ highlights sequential momentum in AUM, SIP flows, and operational performance.
QAAUM Growth
QAAUM for Q1 FY27 was ₹1,187 Billion, representing a 6.8% YoY increase from ₹1,111 Billion in Q1 FY26.
Closing AUM Growth
Closing AUM as of June 30, 2026, was ₹1,195 Billion, a 1.7% YoY increase from ₹1,175 Billion as of June 30, 2025.
Equity QAAUM
Equity QAAUM for Q1 FY27 stood at ₹1,081 Billion.
SIP Monthly Contribution
SIP Monthly Contribution (including STP) for June 2026 was ₹6.90 Billion.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Closing AUM Growth | 1.7% YoY (Jun'26) | Acceleration in closing AUM growth to align more closely with QAAUM trends and industry growth. |
| SIP Monthly Contribution | ₹6.90 Billion (Jun'26) | Sustained growth in monthly SIP flows and the number of outstanding SIP accounts. |
| Digital Engagement Metrics | Website user engagement rate up 67.91% YoY | Continued improvement in digital platform engagement rates and adoption of new features. |
| Operating Profit from Core AMC Business | ₹698 Million (26% YoY, 2% QoQ) | Maintenance of strong operating profit growth and stable margins from core asset management activities. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
26Bearishfull bear SMA stack · SMA20 -1.8% / mo · MACD −
Technical chart
CRAMCdaily · 1Y · AUTO+7.7%Daily history is available from 2025-10-16; the requested 1Y window is partially covered.
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 42.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~1.9% over last month) — short-term momentum negative.
- RSI(14) at 42 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 29% off 52W high · 17% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 69 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 69 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 17.2%.
- Growth contributes 24/25 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Cash flow is weaker at 7/10; verify the latest quarterly trend.
- Balance sheet is weaker at 12/15; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 96th percentile within Financial Services. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 75%. Key concern: ROCE trend is -5.2%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Financial Services: 96th pctile, median 62 · Micro: 90th pctile, median 73
23 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.2%.
- ▸7 years of positive FCF.
Trust risks
- ▸ROCE trend is -5.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 24.20
- P/B
- 7.09
- EV/EBITDA
- 17.05
- Market Cap
- 5284.00Cr
Profitability
- ROE
- 30.30%
- ROCE
- 40.10%
- ROA
- 26.62%
- Dividend Y
- 1.51%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 41.00%
- Revenue 3Y
- 31.00%
- EPS 3Y
- 37.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 151.50×
- Altman Z
- 9.07
- Book Value
- 37.40
Cash Flow
- FCF Yield
- 1.21%
- FCF Positive Y
- 7/5
- OCF
- 172.00 Cr
- EPS TTM
- 10.95
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 36%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.