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Aditya Birla Sun Life AMC

ABSLAMC NSE
₹855.20 No trade today
P/E
25.04
View as Markdown
MCP
Close 4 Nov 2026 ₹855.20 +84.85 +11.0% 1Y
Start ₹770.35

Key Fundamentals

SmallcapCapital MarketsFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
32.20%
Debt to Equity
0.02
EPS (TTM)
₹34.15
Book Value
₹134.12
Market Cap
—
P/E (TTM)
25.04
P/B
6.38
ROE
25.20%
Dividend Yield
3.14%
EBITDA
₹1,319 Cr
52W High
₹1,224.90
52W Low
₹708.00
Volume
0

Peer Comparison

Financial Services › Capital Markets › AMC Mutual Fund › Asset Management Company

Aditya Birla Sun Life AMC peer comparison
ICICI Prudential Asset Management
₹2,880.2028.53₹1,42,485 Cr26.661.04%85.80%115.00%₹6,040 Cr₹3,486 Cr
HDFC AMC
₹2,505.0036.01₹1,06,865 Cr12.472.21%32.90%42.90%₹4,392 Cr₹2,981 Cr
SBI Funds Management
₹498.2533.22₹99,163 Cr13.4316.50%43.00%56.50%₹5,092 Cr₹3,054 Cr
Nippon Life India AMC
₹1,000.3538.98₹63,623 Cr13.420.97%34.50%43.80%₹2,869 Cr₹1,638 Cr
Aditya Birla Sun Life AMC (this company)
₹855.2025.04₹23,578 Cr6.383.14%25.20%32.20%₹1,883 Cr₹987 Cr
UTI AMC
₹820.0522.85₹10,369 Cr2.394.99%10.30%15.60%₹1,909 Cr₹513 Cr
Canara Robeco Asset Management Company
₹227.6120.79₹4,364 Cr5.430.92%30.30%40.10%₹478 Cr₹219 Cr
Median 7 companies₹855.2028.53₹63,623 Cr12.472.21%32.90%42.90%₹2,869 Cr₹1,638 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

60 Good

Data confidence 100/100

Category scores

Quality
88
Strong
Returns, margins, earnings quality 22% weight
Valuation
60
Good
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
57
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
  • Company has been maintaining a healthy dividend payout of 66.6%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
35.51
Neutral
MACD (12,26,9)
−49.57
Bearish
SMA (50)
988.22
Bearish
SMA (200)
991.63
Bearish

As of

Analyst Rating

Based on 15 analysts
BUY67%

10 of 15 analysts rate Buy, 4 Hold, 1 Sell.

As of

BUY
10
67%
HOLD
4
27%
SELL
1
7%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
5Y+11.33%
3Y+15.08%
1Y+3.73%
TTM+5.67%

Net profit

Net profit growth by window
5Y+13.14%
3Y+17.83%
1Y+4.73%
TTM+1.75%

Operating cash flow

Operating cash flow growth by window
5Y+9.66%
3Y+22.94%
1Y+14.69%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+2.86 pp
3Y+2.63 pp
1Y−0.92 pp
TTM−2.42 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,013 Cr
Mar 2018₹1,324 Cr
Mar 2019₹1,407 Cr
Mar 2020₹1,235 Cr
Mar 2021₹1,202 Cr
Mar 2022₹1,405 Cr
Mar 2023₹1,349 Cr
Mar 2024₹1,636 Cr
Mar 2025₹1,982 Cr
Mar 2026₹2,056 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹223 Cr
Mar 2018₹349 Cr
Mar 2019₹447 Cr
Mar 2020₹494 Cr
Mar 2021₹526 Cr
Mar 2022₹673 Cr
Mar 2023₹596 Cr
Mar 2024₹780 Cr
Mar 2025₹931 Cr
Mar 2026₹975 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹284 Cr −8.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk medium

Aditya Birla Sun Life AMC trades at ₹844.9 as of 2026-10-29, with a market cap of ₹24,447.9 Cr and a PE of 24.74x on TTM EPS of ₹34.15. The company is virtually debt-free (debt-to-equity of 0.02), delivers a consistent ROE of ~24-27% over 3-5 years, and sits 31% below its 52-week high of ₹1,224.9 while offering a dividend yield of 3.02%.

Bull Case 8
  • Near-zero leverage with a debt-to-equity ratio of just 0.02, providing significant financial flexibility and resilience through market cycles.
  • Consistent return on equity at 24.13% (current) with a 3-year average of 26% and 5-year average of 27%, indicating durable capital efficiency rare in the AMC space.
  • Strong capital return policy with a healthy dividend payout ratio of 66.6% and a current dividend yield of 3.02%, well above the broader market average.
  • ROCE of 30.57% signals the core business generates high returns on total capital employed, characteristic of an asset-light fee-based model.
  • Compounded profit growth of 18% over 3 years and 13% over 5 years demonstrates the company's ability to scale earnings meaningfully over medium-term horizons.
  • Compounded sales growth of 15% over 3 years reflects solid AUM accumulation and fee income expansion during the period.
  • Trading at ₹844.9, the stock is approximately 31% below its 52-week high of ₹1,224.9, which may reflect a more accessible valuation entry zone compared to recent peaks.
  • Price-to-book ratio of 6.3x, while optically high, is supported by the company's 24%+ ROE, and the stock's 3-year CAGR of 27% shows the market has historically rewarded this premium.
Bear Case 7
  • TTM revenue growth has decelerated sharply to 6% compared to the 3-year compounded sales growth of 15%, signaling a potential slowdown in AUM growth or fee compression.
  • TTM profit growth has slowed to just 2%, a steep drop from the 3-year CAGR of 18%, raising questions about near-term earnings momentum.
  • The PE ratio of 24.74x on an EPS of ₹34.15 demands sustained growth delivery; the current TTM growth rates of 2-6% do not easily justify this multiple.
  • The stock has delivered only a 7% CAGR over 5 years, suggesting that longer-term returns have been modest and the recent 3-year CAGR of 27% may not be repeatable.
  • The Indian AMC industry faces increasing regulatory scrutiny on expense ratios (SEBI TER cuts), which directly pressures fee income and could further compress revenue growth below the recent 6% TTM rate.
  • Market cap of ₹24,447.9 Cr places ABSLAMC in a mid-cap zone where liquidity can thin during market stress, amplifying drawdowns — the stock already fell ~31% from its 52-week high of ₹1,224.9 to current levels.
  • Intensifying competition from low-cost passive fund providers and larger AMCs could erode ABSLAMC's market share, making it harder to sustain the historical 11% 5-year sales CAGR.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: ABSLAMC delivered in-line Q2FY27 revenue but profits disappointed on surging employee costs and a sharp drop in other income. The persistent loss of mutual fund market share, both overall and in equity, is a structural concern even as alternate asset AUM grows strongly. New SIP registrations offer a bright spot for future flows. The key question going forward is whether cost discipline and market share stabilisation can restore earnings momentum.

Headwinds 4
  • Net profit drops 28.6% QoQ Oct 21

    Q2FY27 net profit fell to ₹221 crore, down 28.6% sequentially and 8% YoY, with other income plunging nearly 74% QoQ.

  • MF market share keeps slipping Oct 21

    Mutual fund market share declined another 10 bps to 5.7%, while equity market share dropped 5 bps to 3.9%. QAAUM growth of 3.3% QoQ lagged industry growth of 5%.

  • Employee costs surging Oct 21

    Employee benefit expenses surged 33% YoY and 8.5% QoQ, pushing total expenses up 21% YoY to ₹230 crore and compressing operating margin to 55.4%.

Positives 3
  • SIP registrations jump 29% QoQ Oct 21

    New SIP registrations rose sharply from 5.47 lakh to 7.05 lakh sequentially, signalling improving retail flow momentum.

  • Alternate AUM surges 140% YoY Oct 22

    Overall average AUM surged 140% YoY to ₹11,056 billion, driven primarily by growth in alternate assets.

  • Revenue grows despite cost pressure Oct 21

    Revenue from operations grew 4.5% QoQ to ₹483.81 crore, matching street expectations of ₹475 crore, with operating profit up 4% sequentially.

Neutral 1
  • Q2FY27 earnings call held Oct 21 Oct 13

    Aditya Birla Sun Life AMC held its conference call on October 21, 2026 to discuss Q2 and H1 FY27 unaudited financial results.

Quarterly Results

₹ Cr
ABSLAMC quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
335
341
366
387
424
445
429
447
461
478
458
463
484
Expenses
143
147
161
166
174
171
185
181
179
188
192
205
216
Operating Profit
192
194
205
220
250
274
244
266
283
290
266
258
268
OPM %
57%
57%
56%
57%
59%
62%
57%
59%
61%
61%
58%
56%
55%
Other Income
56
80
74
95
96
38
72
118
45
82
−33
162
42
Interest
2
1
2
1
1
2
1
1
1
1
1
1
1
Depreciation
9
9
10
9
10
11
10
10
11
12
13
13
13
PBT
237
264
268
305
335
300
305
372
316
358
219
406
296
Tax %
25%
21%
22%
23%
28%
25%
25%
26%
24%
25%
15%
24%
25%
Net Profit
178
209
208
236
242
224
228
277
241
270
187
309
221
EPS (₹)
6.18
7.27
7.23
8.18
8.41
7.78
7.91
9.6
8.36
9.33
6.48
10.7
7.64

Profit & Loss

₹ Cr
ABSLAMC profit and loss, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,013
1,324
1,407
1,235
1,202
1,405
1,349
1,636
1,982
2,056
1,883
Expenses
670
771
723
532
467
473
521
592
696
740
801
Operating Profit
344
552
684
703
735
932
828
1,044
1,287
1,316
1,082
OPM %
34%
42%
49%
57%
61%
66%
61%
64%
65%
64%
57%
Other Income
1
0
0
0
4
3
5
5
4
1
253
Interest
0
5
6
6
6
5
4
6
6
5
5
Depreciation
8
26
32
37
37
36
34
35
40
46
51
PBT
337
522
646
661
696
895
794
1,008
1,245
1,266
1,280
Tax %
34%
33%
31%
25%
24%
25%
25%
23%
25%
23%
—
Net Profit
223
349
447
494
526
673
596
780
931
975
987
EPS (₹)
7.75
12.1
15.51
17.17
18.27
23.36
20.71
27.09
32.26
33.76
34.15
Div. Payout %
22%
57%
67%
67%
27%
49%
50%
50%
74%
76%
—

Balance Sheet

₹ Cr
ABSLAMC balance sheet, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
18
18
18
18
18
144
144
144
144
144
145
Reserves
924
1,120
1,203
1,299
1,687
2,052
2,373
3,025
3,583
3,897
3,737
Borrowings
0
70
72
62
59
54
48
79
68
64
61
Other Liabilities
258
342
206
193
221
184
223
254
320
310
300
Total Liabilities
1,200
1,549
1,498
1,572
1,985
2,435
2,788
3,502
4,114
4,415
4,242
Fixed Assets
18
90
95
86
77
72
70
111
107
116
111
CWIP
0
0
2
1
1
3
2
2
1
5
0
Investments
901
1,141
1,138
1,263
1,726
2,121
2,359
3,122
3,692
3,946
3,812
Other Assets
281
318
263
221
180
239
357
267
315
348
319
Total Assets
1,200
1,549
1,498
1,572
1,985
2,435
2,788
3,502
4,114
4,415
4,242

Cash Flow

₹ Cr
ABSLAMC cash flow, annual, ₹ crore
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
346
315
497
512
563
437
685
708
812
Investing
0
−69
62
−66
−340
−298
−134
−511
−305
−95
Financing
0
−259
−384
−423
−162
−256
−335
−169
−399
−703
Net Cash Flow
0
18
−6
8
10
9
−32
5
5
15
Free Cash Flow
0
330
295
481
502
547
419
655
678
766
CFO/EBITDA
0
89
79
95
90
86
75
83
78
86

Ratios

ABSLAMC financial ratios, annual
Particulars Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
12
7
12
9
7
7
9
11
10
Cash Conversion Cycle
20
12
7
12
9
7
7
9
11
10
Working Capital Days
−18
−10
7
−1
−25
−5
11
−2
−5
−9
ROCE %
—
49%
52%
50%
45%
45%
33%
35%
36%
32%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aditya Birla Sun Life AMC insights

53 extracted metrics across FY17–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.67%
  • DIIs 15.07%
  • Public 4.83%
  • FIIs 4.32%
  • Others 1.08%
  • Government 0.03%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Aditya Birla Sun Life AMC

What does Aditya Birla Sun Life AMC Ltd do?
Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The Co. offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings.
Where is Aditya Birla Sun Life AMC Ltd (ABSLAMC) listed?
Aditya Birla Sun Life AMC Ltd trades as ABSLAMC on the NSE and under code 543374 on the BSE.
Which sector does Aditya Birla Sun Life AMC Ltd belong to?
Aditya Birla Sun Life AMC Ltd is classified under the Capital Markets sector, in the AMC Mutual Fund industry.
What is the PE ratio of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd trades at a PE ratio of 25.04 as of 4 Nov 2026, on earnings per share of ₹34.15, against a book value of ₹134.12 per share.
What is the 52-week high and low of Aditya Birla Sun Life AMC Ltd?
Over the last 52 weeks Aditya Birla Sun Life AMC Ltd has traded between ₹708 and ₹1,224.9 as of 4 Nov 2026.
Does Aditya Birla Sun Life AMC Ltd pay dividends?
Aditya Birla Sun Life AMC Ltd has a dividend yield of 3.14%.
What is the Return on Equity (ROE) of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd reported a return on equity of 25.20%. Its debt-to-equity ratio is 0.02.

Company Information

Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The Co. offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings.

CEO Mr. Athmanathan Balasubramanian
Employees 1,403
Listed 11 Oct 2021
Face Value ₹5

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