Aditya Birla Sun Life AMC Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 8:47 pm

Market Cap	23,549 Cr.
Current Price	817
High / Low	912/450
Stock P/E	26.3
Book Value	113
Dividend Yield	1.65 %
ROCE	34.9 %
ROE	27.4 %
Face Value	5.00
PEG Ratio	-0.71

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Aditya Birla Sun Life AMC Ltd

Competitors of Aditya Birla Sun Life AMC Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Aditya Birla Sun Life AMC Ltd	23,549 Cr.	817	912/450	26.3	113	1.65 %	34.9 %	27.4 %	5.00
UTI Asset Management Company Ltd	15,968 Cr.	1,250	1,408/802	19.0	341	1.92 %	22.6 %	18.6 %	10.0
Nippon Life India Asset Management Ltd	46,316 Cr.	731	816/430	35.1	64.2	2.26 %	36.2 %	29.5 %	10.0
HDFC Asset Management Company Ltd	91,127 Cr.	4,263	4,864/3,169	41.2	318	1.64 %	37.7 %	29.5 %	5.00
Industry Average	44,240.00 Cr	1,765.25		30.40	209.05	1.87%	32.85%	26.25%	7.50

All Competitor Stocks of Aditya Birla Sun Life AMC Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	332	334	324	304	311	314	297	311	335	341	366	387	424
Expenses	132	94	128	123	129	131	139	141	143	147	161	166	174
Operating Profit	200	240	196	182	182	183	158	170	192	194	205	220	250
OPM %	60%	72%	61%	60%	59%	58%	53%	55%	57%	57%	56%	57%	59%
Other Income	40	19	24	-31	77	49	32	78	56	80	74	95	96
Interest	1	1	1	1	1	1	1	1	2	1	2	1	1
Depreciation	9	9	9	9	8	9	8	7	9	9	10	9	10
Profit before tax	231	249	209	141	249	223	181	240	237	264	268	305	335
Tax %	25%	25%	24%	27%	23%	25%	25%	23%	25%	21%	22%	23%	28%
Net Profit	173	186	159	103	192	166	136	185	178	209	208	236	242
EPS in Rs	6.01	6.47	5.50	3.57	6.66	5.77	4.71	6.41	6.18	7.27	7.23	8.18	8.41

Last Updated: November 6, 2024, 7:26 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,013	1,324	1,407	1,235	1,202	1,405	1,349	1,636	1,429
Expenses	670	771	723	532	467	473	521	592	617
Operating Profit	344	552	684	703	735	932	828	1,044	811
OPM %	34%	42%	49%	57%	61%	66%	61%	64%	57%
Other Income	1	0	0	0	4	3	5	5	304
Interest	0	5	6	6	6	5	4	6	6
Depreciation	8	26	32	37	37	36	34	35	37
Profit before tax	337	522	646	661	696	895	794	1,008	1,072
Tax %	34%	33%	31%	25%	24%	25%	25%	23%
Net Profit	223	349	447	494	526	673	596	780	832
EPS in Rs	124.01	193.64	248.22	274.67	292.38	23.36	20.71	27.09	28.86
Dividend Payout %	22%	57%	67%	67%	27%	49%	50%	50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	56.50%	28.08%	10.51%	6.48%	27.95%	-11.44%	30.87%
Change in YoY Net Profit Growth (%)	0.00%	-28.42%	-17.57%	-4.04%	21.47%	-39.39%	42.31%

Aditya Birla Sun Life AMC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	3%
3 Years:	11%
TTM:	21%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	14%
TTM:	35%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	16%
1 Year:	79%

Return on Equity
10 Years:	%
5 Years:	31%
3 Years:	29%
Last Year:	27%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:58 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	18	18	18	18	18	144	144	144	144
Reserves	924	1,120	1,203	1,299	1,687	2,052	2,373	3,025	3,127
Borrowings	0	70	72	62	59	54	48	79	75
Other Liabilities	258	342	206	193	221	184	223	254	294
Total Liabilities	1,200	1,549	1,498	1,572	1,985	2,435	2,788	3,502	3,640
Fixed Assets	18	90	95	86	77	72	70	111	110
CWIP	0	0	2	1	1	3	2	2	1
Investments	901	1,141	1,138	1,263	1,726	2,121	2,359	3,122	3,215
Other Assets	281	318	263	221	180	239	357	267	314
Total Assets	1,200	1,549	1,498	1,572	1,985	2,435	2,788	3,502	3,640

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	346	315	497	512	563	437	685
Cash from Investing Activity +	0	-69	62	-66	-340	-298	-134	-511
Cash from Financing Activity +	0	-259	-384	-423	-162	-256	-335	-169
Net Cash Flow	0	18	-6	8	10	9	-32	5

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	344.00	482.00	612.00	641.00	676.00	878.00	780.00	-78.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	20	12	7	12	9	7	7	9
Inventory Days
Days Payable
Cash Conversion Cycle	20	12	7	12	9	7	7	9
Working Capital Days	-18	-10	7	-1	-25	-5	11	-2
ROCE %		49%	52%	50%	45%	45%	33%	35%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	86.50%	86.50%	86.50%	86.50%	86.50%	86.50%	86.50%	86.49%	86.48%	86.48%	75.32%	75.00%
FIIs	1.85%	1.54%	1.21%	2.12%	2.34%	2.01%	1.61%	1.68%	1.68%	1.74%	4.37%	4.62%
DIIs	4.54%	4.95%	5.36%	4.38%	4.20%	4.66%	4.84%	4.69%	4.72%	5.21%	12.08%	11.59%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
Public	7.11%	7.01%	6.93%	7.00%	6.95%	6.83%	7.05%	7.15%	7.10%	6.57%	8.24%	8.78%
No. of Shareholders	6,76,493	5,34,844	4,97,703	4,79,937	4,64,493	4,45,337	4,31,871	4,18,859	4,04,493	3,82,248	3,65,456	3,44,787

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Balanced Advantage Fund - Regular Plan	1,462,378	0.09	69.86	48,830	2024-12-28	2894.84%
ICICI Prudential Equity & Debt Fund	731,665	0.11	34.95	48,830	2024-12-28	1398.39%
Quantum Long Term Equity Value Fund - Regular Plan	308,932	1.43	14.76	48,830	2024-12-28	532.67%
ICICI Prudential Banking and Financial Services	268,155	0.17	12.81	48,830	2024-12-28	449.16%
UTI Banking & Financial Services Fund	233,740	1.09	11.17	48,830	2024-12-28	378.68%
UTI Mid Cap Fund	98,947	0.05	4.73	48,830	2024-12-28	102.64%
Quantum ELSS Tax Saver Fund - Regular Plan	48,830	1.42	2.33	48,830	2024-12-28	0%
ICICI Prudential S&P BSE 500 ETF	432	0.01	0.02	48,830	2024-12-28	-99.12%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	10.00	10.00
Basic EPS (Rs.)	27.09	20.71	23.36	292.38	17.17
Diluted EPS (Rs.)	27.02	20.65	23.36	292.38	17.17
Cash EPS (Rs.)	28.29	21.90	24.60	313.18	294.96
Book Value[Excl.RevalReserv]/Share (Rs.)	109.99	87.39	76.27	947.01	731.60
Book Value[Incl.RevalReserv]/Share (Rs.)	109.99	87.39	76.27	947.01	731.60
Revenue From Operations / Share (Rs.)	46.97	42.59	44.89	593.28	685.46
PBDIT / Share (Rs.)	36.39	28.89	32.47	410.49	390.38
PBIT / Share (Rs.)	35.19	27.70	31.23	389.69	370.09
PBT / Share (Rs.)	34.99	27.56	31.07	386.60	367.07
Net Profit / Share (Rs.)	27.09	20.71	23.36	292.38	274.67
NP After MI And SOA / Share (Rs.)	27.09	20.71	23.36	292.38	274.67
PBDIT Margin (%)	77.47	67.83	72.32	69.19	56.95
PBIT Margin (%)	74.91	65.03	69.57	65.68	53.99
PBT Margin (%)	74.50	64.72	69.19	65.16	53.55
Net Profit Margin (%)	57.66	48.62	52.03	49.28	40.07
NP After MI And SOA Margin (%)	57.66	48.62	52.03	49.28	40.07
Return on Networth / Equity (%)	24.62	23.69	30.62	30.87	37.54
Return on Capital Employeed (%)	30.73	30.20	39.38	38.09	47.06
Return On Assets (%)	22.28	21.38	27.63	26.51	31.45
Asset Turnover Ratio (%)	0.43	0.46	0.57	0.58	0.78
Current Ratio (X)	16.04	17.51	15.02	12.79	8.72
Quick Ratio (X)	16.04	17.51	15.02	12.79	8.72
Dividend Payout Ratio (NP) (%)	19.37	24.14	34.46	26.60	66.74
Dividend Payout Ratio (CP) (%)	18.55	22.83	32.72	24.83	62.15
Earning Retention Ratio (%)	80.63	75.86	65.54	73.40	33.26
Cash Earning Retention Ratio (%)	81.45	77.17	67.28	75.17	37.85
Interest Coverage Ratio (X)	186.21	213.21	192.29	132.97	129.15
Interest Coverage Ratio (Post Tax) (X)	139.61	153.82	139.33	95.71	91.87
Enterprise Value (Cr.)	13017.97	8840.25	15251.03	0.00	0.00
EV / Net Operating Revenue (X)	9.62	7.21	11.80	0.00	0.00
EV / EBITDA (X)	12.42	10.62	16.31	0.00	0.00
MarketCap / Net Operating Revenue (X)	9.68	7.31	11.87	0.00	0.00
Retention Ratios (%)	80.62	75.85	65.53	73.39	33.25
Price / BV (X)	4.13	3.56	6.99	0.00	0.00
Price / Net Operating Revenue (X)	9.68	7.31	11.87	0.00	0.00
EarningsYield	0.05	0.06	0.04	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aditya Birla Sun Life AMC Ltd as of December 30, 2024 is: 827.74

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Aditya Birla Sun Life AMC Ltd is Undervalued by 1.31% compared to the current share price 817.00

Intrinsic Value of Aditya Birla Sun Life AMC Ltd as of December 30, 2024 is: 520.91

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Aditya Birla Sun Life AMC Ltd is Overvalued by 36.24% compared to the current share price 817.00

Last 5 Year EPS CAGR: -37.07%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 38.63%, which is a positive sign. The stock has a low average Working Capital Days of -5.38, which is a positive sign. The company has higher reserves (1,867.78 cr) compared to borrowings (57.67 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.00 cr) and profit (505.89 cr) over the years.	The stock has a high average Cash Conversion Cycle of 10.38, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aditya Birla Sun Life AMC Ltd:
1. Net Profit Margin: 57.66%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 30.73% (Industry Average ROCE: 32.85%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 24.62% (Industry Average ROE: 26.25%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 139.61
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 16.04
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 26.3 (Industry average Stock P/E: 30.4)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Aditya Birla Sun Life AMC Ltd. is a Public Limited Listed company incorporated on 05/09/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65991MH1994PLC080811 and registration number is 080811. Currently Company is involved in the business activities of Management of mutual funds. Company’s Total Operating Revenue is Rs. 1263.47 Cr. and Equity Capital is Rs. 144.00 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Mutual Funds	One World Center, Tower 1, Mumbai Maharashtra 400013	abslamc.cs@adityabirlacapital.com https://mutualfund.adityabirlacapital.com

Management
Name	Position Held
Mr. A Balasubramanian	Managing Director & CEO
Mrs. Vishakha Vivek Mulye	Non Executive Director
Mr. Sandeep Asthana	Non Executive Director
Mr. Amrit Kanwal	Non Executive Director
Mr. Sunder Rajan Raman	Independent Director
Mr. Supratim Bandyopadhyay	Independent Director
Mr. Navin Puri	Independent Director
Mr. Ramesh Abhishek	Independent Director
Ms. Alka Bharucha	Independent Director

FAQ

What is the latest intrinsic value of Aditya Birla Sun Life AMC Ltd?

The latest intrinsic value of Aditya Birla Sun Life AMC Ltd as on 29 December 2024 is ₹827.74, which is 1.31% higher than the current market price of ₹817.00. The stock has a market capitalization of 23,549 Cr. and recorded a high/low of 912/450 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,127 Cr and total liabilities of ₹3,640 Cr.

What is the Market Cap of Aditya Birla Sun Life AMC Ltd?

The Market Cap of Aditya Birla Sun Life AMC Ltd is 23,549 Cr..

What is the current Stock Price of Aditya Birla Sun Life AMC Ltd as on 29 December 2024?

The current stock price of Aditya Birla Sun Life AMC Ltd as on 29 December 2024 is 817.

What is the High / Low of Aditya Birla Sun Life AMC Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Aditya Birla Sun Life AMC Ltd stocks is 912/450.

What is the Stock P/E of Aditya Birla Sun Life AMC Ltd?

The Stock P/E of Aditya Birla Sun Life AMC Ltd is 26.3.

What is the Book Value of Aditya Birla Sun Life AMC Ltd?

The Book Value of Aditya Birla Sun Life AMC Ltd is 113.

What is the Dividend Yield of Aditya Birla Sun Life AMC Ltd?

The Dividend Yield of Aditya Birla Sun Life AMC Ltd is 1.65 %.

What is the ROCE of Aditya Birla Sun Life AMC Ltd?

The ROCE of Aditya Birla Sun Life AMC Ltd is 34.9 %.

What is the ROE of Aditya Birla Sun Life AMC Ltd?

The ROE of Aditya Birla Sun Life AMC Ltd is 27.4 %.

What is the Face Value of Aditya Birla Sun Life AMC Ltd?

The Face Value of Aditya Birla Sun Life AMC Ltd is 5.00.