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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543374 | NSE: ABSLAMC

Fundamental Analysis of Aditya Birla Sun Life AMC Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:47 pm

Market Cap 14,508 Cr.
Current Price 504
High / Low536/331
Stock P/E20.5
Book Value 95.1
Dividend Yield2.03 %
ROCE33.1 %
ROE25.3 %
Face Value 5.00

Data Source: screener.in

Competitors of Aditya Birla Sun Life AMC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nippon Life India Asset Management Ltd 34,880 Cr. 553562/23036.2 56.82.08 %26.6 %20.7 % 10.0
UTI Asset Management Company Ltd 11,464 Cr. 900965/63916.6 3122.44 %15.9 %11.7 % 10.0
Industry Average23,172.00 Cr726.5026.40184.402.26%21.25%16.20%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales279315303332334324304311314297311335341
Expenses11711412013294128123129131139141143147
Operating Profit162201183200240196182182183158170192194
OPM %58%64%60%60%72%61%60%59%58%53%55%57%57%
Other Income431733401924-31774932785680
Interest1111111111121
Depreciation9999999898799
Profit before tax194208206231249209141249223181240237264
Tax %24%25%25%25%25%24%27%23%25%25%23%25%21%
Net Profit147157155173186159103192166136185178209
EPS in Rs81.5387.085.386.016.475.503.576.665.774.716.416.187.27

Last Updated: April 10, 2024, 5:41 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:34 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0131,3241,4071,2351,2021,4051,3491,285
Expenses670771723532467473521570
Operating Profit344552684703735932828714
OPM %34%42%49%57%61%66%61%56%
Other Income1000435245
Interest05666545
Depreciation826323737363433
Profit before tax337522646661696895794922
Tax %34%33%31%25%24%25%25%
Net Profit223349447494526673596708
EPS in Rs124.01193.64248.22274.67292.3823.3620.7124.57
Dividend Payout %22%57%67%67%27%49%50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)56.50%28.08%10.51%6.48%27.95%-11.44%
Change in YoY Net Profit Growth (%)0.00%-28.42%-17.57%-4.04%21.47%-39.39%

Growth

Compounded Sales Growth
10 Years:%
5 Years:0%
3 Years:3%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:11%
3 Years:6%
TTM:14%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:50%
Return on Equity
10 Years:%
5 Years:33%
3 Years:31%
Last Year:25%

Last Updated: April 16, 2024, 11:59 pm

Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1818181818144144144
Reserves9241,1201,2031,2991,6872,0522,3732,596
Borrowings070726259544878
Other Liabilities258342206193221184223209
Total Liabilities1,2001,5491,4981,5721,9852,4352,7883,027
Fixed Assets18909586777270103
CWIP00211321
Investments9011,1411,1381,2631,7262,1212,3592,598
Other Assets281318263221180239357326
Total Assets1,2001,5491,4981,5721,9852,4352,7883,027

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0346315497512563437
Cash from Investing Activity 0-6962-66-340-298-134
Cash from Financing Activity 0-259-384-423-162-256-335
Net Cash Flow018-68109-32

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow344.00482.00612.00641.00676.00878.00780.00

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

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2012712977
Inventory Days
Days Payable
Cash Conversion Cycle2012712977
Working Capital Days-18-107-1-25-511
ROCE %49%52%50%45%45%33%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters86.50%86.50%86.50%86.50%86.50%86.50%86.50%86.49%86.48%86.48%
FIIs1.85%1.54%1.21%2.12%2.34%2.01%1.61%1.68%1.68%1.74%
DIIs4.54%4.95%5.36%4.38%4.20%4.66%4.84%4.69%4.72%5.21%
Public7.11%7.01%6.93%7.00%6.95%6.83%7.05%7.15%7.10%6.57%
No. of Shareholders6,76,4935,34,8444,97,7034,79,9374,64,4934,45,3374,31,8714,18,8594,04,4933,82,248

Shareholding Pattern Chart

No. of Shareholders

Aditya Birla Sun Life AMC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan14623780.0969.86
ICICI Prudential Equity & Debt Fund7316650.1134.95
Quantum Long Term Equity Value Fund - Regular Plan3089321.4314.76
ICICI Prudential Banking and Financial Services2681550.1712.81
UTI Banking & Financial Services Fund2337401.0911.17
UTI Mid Cap Fund989470.054.73
Quantum ELSS Tax Saver Fund - Regular Plan488301.422.33
ICICI Prudential S&P BSE 500 ETF4320.010.02

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)20.7123.36292.3817.1715.51
Diluted EPS (Rs.)20.6523.36292.3817.1715.51
Cash EPS (Rs.)21.9024.60313.18294.96266.22
Book Value[Excl.RevalReserv]/Share (Rs.)87.3976.27947.01731.60678.09
Book Value[Incl.RevalReserv]/Share (Rs.)87.3976.27947.01731.60678.09
Revenue From Operations / Share (Rs.)42.5944.89593.28685.46781.15
PBDIT / Share (Rs.)28.8932.47410.49390.38379.95
PBIT / Share (Rs.)27.7031.23389.69370.09361.94
PBT / Share (Rs.)27.5631.07386.60367.07358.76
Net Profit / Share (Rs.)20.7123.36292.38274.67248.22
NP After MI And SOA / Share (Rs.)20.7123.36292.38274.67248.22
PBDIT Margin (%)67.8372.3269.1956.9548.63
PBIT Margin (%)65.0369.5765.6853.9946.33
PBT Margin (%)64.7269.1965.1653.5545.92
Net Profit Margin (%)48.6252.0349.2840.0731.77
NP After MI And SOA Margin (%)48.6252.0349.2840.0731.77
Return on Networth / Equity (%)23.6930.6230.8737.5436.60
Return on Capital Employeed (%)30.2039.3838.0947.0650.21
Return On Assets (%)21.3827.6326.5131.4529.81
Asset Turnover Ratio (%)0.460.570.580.780.00
Current Ratio (X)17.5115.0212.798.726.12
Quick Ratio (X)17.5115.0212.798.726.12
Dividend Payout Ratio (NP) (%)24.1434.4626.6066.7467.14
Dividend Payout Ratio (CP) (%)22.8332.7224.8362.1562.60
Earning Retention Ratio (%)75.8665.5473.4033.2632.86
Cash Earning Retention Ratio (%)77.1767.2875.1737.8537.40
Interest Coverage Ratio (X)213.21192.29132.97129.15119.29
Interest Coverage Ratio (Post Tax) (X)153.82139.3395.7191.8778.93
Enterprise Value (Cr.)8840.2515251.030.000.000.00
EV / Net Operating Revenue (X)7.2111.800.000.000.00
EV / EBITDA (X)10.6216.310.000.000.00
MarketCap / Net Operating Revenue (X)7.3111.870.000.000.00
Retention Ratios (%)75.8565.5373.3933.2532.85
Price / BV (X)3.566.990.000.000.00
Price / Net Operating Revenue (X)7.3111.870.000.000.00
EarningsYield0.060.040.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 503.25

The stock is overvalued by 0.15% compared to the current price ₹504

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 39.14%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -5.86, which is a positive sign.
  3. The company has higher reserves (1,656.75 cr) compared to borrowings (55.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.00 cr) and profit (684.13 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 10.57, 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: 48.62%
      • 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: 30.20% (Industry Average ROCE: 21.25%)
      • 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%: 23.69% (Industry Average ROE: 16.2%)
      • 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): 153.82
      • 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: 17.51
      • 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: 20.5 (Industry average Stock P/E: 26.4)
      • 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: N/A
      • 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

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.
INDUSTRYADDRESSCONTACT
Finance - Mutual FundsOne World Center, Tower 1, Mumbai Maharashtra 400013abslamc.cs@adityabirlacapital.com
https://mutualfund.adityabirlacapital.com
Management
NamePosition Held
Mr. Ramesh AbhishekIndependent Director
Ms. Alka BharuchaIndependent Director
Mr. Sunder Rajan RamanIndependent Director
Mr. Supratim BandyopadhyayIndependent Director
Mr. A BalasubramanianManaging Director & CEO
Mr. Sandeep AsthanaNon Executive Director
Mr. Amrit KanwalNon Executive Director
Mrs. Vishakha Vivek MulyeNon Executive Director
Mr. Navin PuriIndependent Director

Aditya Birla Sun Life AMC Ltd. Share Price Update

Share PriceValue
Today₹503.50
Previous Day₹510.00

FAQ

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

The latest fair value of Aditya Birla Sun Life AMC Ltd is 503.25.

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

The Market Cap of Aditya Birla Sun Life AMC Ltd is 14,508 Cr..

What is the current Stock Price of Aditya Birla Sun Life AMC Ltd as on 20 April 2024?

The current stock price of Aditya Birla Sun Life AMC Ltd as on 20 April 2024 is 504.

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

In FY 2024, the High / Low of Aditya Birla Sun Life AMC Ltd stocks is ₹536/331.

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 20.5.

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

The Book Value of Aditya Birla Sun Life AMC Ltd is 95.1.

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

The Dividend Yield of Aditya Birla Sun Life AMC Ltd is 2.03 %.

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

The ROCE of Aditya Birla Sun Life AMC Ltd is 33.1 %.

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

The ROE of Aditya Birla Sun Life AMC Ltd is 25.3 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aditya Birla Sun Life AMC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE