Aditya Birla Sun Life AMC
ABSLAMC NSE
Aditya Birla Sun Life AMC
Capital MarketsNSE: ABSLAMC BSE: 543374 AMC Mutual Fund
Key Fundamentals
SmallcapAMC Mutual FundCapital MarketsMarket Cap
₹31,185 Cr
Volatility
Moderate
P/E Ratio
31.83
EBITDA
₹1,319 Cr
Return on Equity
24.13%
Debt to Equity
0.02
Book Value
₹139.49
EPS
₹28.86
52W High
₹1,224.9
52W Low
₹708
Tapetide Score
Data-driven rating, 0–100. How it works →
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%
Weaknesses
1- Stock is trading at 7.93 times its book value
Growth Rate
Revenue Growth
3.71% lower than
3Y
Net Income Growth
4.78% lower than
3Y
Cash Flow Change
14.6% lower than
3Y
ROE
-3.36% lower than
3Y
ROCE
-5.24% lower than
3Y
EBITDA Margin (Avg.)
-1.4% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk medium
Aditya Birla Sun Life AMC Ltd is a nearly debt-free asset management company with a market cap of ₹31,185 Cr, trading at a P/E of 31.3x and P/B of 7.81x. The company has delivered a 3-year ROE of 26% and maintains a dividend payout ratio of 66.6%, while recent revenue and profit growth have moderated to 7% and 4% TTM respectively.
Bull Case 7
- Company is virtually debt-free, reducing financial risk and providing flexibility to invest in growth initiatives or return capital to shareholders.
- Consistent return on equity with 3-year ROE at 26%, 5-year ROE at 27%, and 10-year ROE at 29%, indicating durable capital efficiency across market cycles.
- Healthy dividend payout ratio of 66.6% with a current dividend yield of 2.34%, offering meaningful income in a sector where many peers pay lower dividends.
- Compounded profit growth of 18% over 3 years and 13% over 5 years demonstrates the company's ability to scale earnings over medium-term horizons.
- Revenue CAGR of 15% over 3 years and 11% over 5 years reflects sustained AUM growth and fee income expansion in a structurally underpenetrated Indian mutual fund market.
- Stock price CAGR of 27% over the last 1 year and 38% over 3 years reflects strong market re-rating and investor confidence in the asset management business model.
- Asset-light business model inherent to AMCs means near-zero debt, high operating leverage, and the ability to grow revenues without proportional capital expenditure.
Bear Case 8
- Stock trades at 7.81x book value, which is a rich valuation that leaves limited margin of safety if earnings growth disappoints.
- TTM revenue growth has decelerated sharply to 7% compared to the 3-year CAGR of 15%, signaling potential pressure on fee income or AUM flows.
- TTM profit growth has slowed to just 4% versus the 3-year CAGR of 18%, suggesting margin compression or rising operating costs.
- P/E of 31.3x is elevated for a company whose most recent earnings growth is only 4% TTM, implying the market is pricing in a reacceleration that may not materialize.
- Last year ROE dipped to 25% from the 3-year average of 26% and 10-year average of 29%, indicating a gradual decline in capital efficiency.
- The AMC industry faces increasing competition from passive funds, direct plans, and new entrants, which could compress management fee margins over time.
- Market-linked revenue model means any sustained equity market correction would directly reduce AUM-based fee income and profitability.
- High dividend payout of 66.6%, while attractive for income, limits retained earnings available for organic investments in distribution expansion or technology.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 1
- ESG Leader rating secured Sep 3
ABSLAMC received an ESG score of 72 from NSE Sustainability for FY26, earning a 'Leader' category rating based on independent public domain assessment.
Neutral 2
- Jefferies India Forum participation Sep 9
ABSLAMC will attend the Jefferies 5th India Forum on September 16, 2026 in Gurugram, with one-on-one and group meetings scheduled with investors.
- Elara India Dialogue attendance Aug 25
ABSLAMC will attend the Ashwamedh - Elara India Dialogue 2026 on September 2, 2026 in Mumbai for one-on-one and group investor sessions.
TL;DR: ABSLAMC has a quiet but constructive newsflow with no visible headwinds. The ESG Leader rating at 72 signals strong governance and sustainability positioning, which is increasingly valued by institutional investors. Active participation in two investor forums in September suggests management is proactively engaging the Street. The trend is steady with a slight positive tilt from the ESG recognition.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 311 | 335 | 341 | 366 | 387 | 424 | 445 | 429 | 447 | 461 | 478 | 458 | 463 |
| Expenses | 141 | 143 | 147 | 161 | 166 | 174 | 171 | 185 | 181 | 179 | 188 | 192 | 205 |
| Operating Profit | 170 | 192 | 194 | 205 | 220 | 250 | 274 | 244 | 266 | 283 | 290 | 266 | 258 |
| OPM % | 55% | 57% | 57% | 56% | 57% | 59% | 62% | 57% | 59% | 61% | 61% | 58% | 56% |
| Other Income | 78 | 56 | 80 | 74 | 95 | 96 | 38 | 72 | 118 | 45 | 82 | -33 | 162 |
| Interest | 1 | 2 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 7 | 9 | 9 | 10 | 9 | 10 | 11 | 10 | 10 | 11 | 12 | 13 | 13 |
| PBT | 240 | 237 | 264 | 268 | 305 | 335 | 300 | 305 | 372 | 316 | 358 | 219 | 406 |
| Tax % | 23% | 25% | 21% | 22% | 23% | 28% | 25% | 25% | 26% | 24% | 25% | 15% | 24% |
| Net Profit | 185 | 178 | 209 | 208 | 236 | 242 | 224 | 228 | 277 | 241 | 270 | 187 | 309 |
| EPS in Rs | 6.41 | 6.18 | 7.27 | 7.23 | 8.18 | 8.41 | 7.78 | 7.91 | 9.6 | 8.36 | 9.33 | 6.48 | 10.7 |
Profit & Loss
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,013 | 1,324 | 1,407 | 1,235 | 1,202 | 1,405 | 1,349 | 1,636 | 1,982 | 2,056 | 1,861 |
| Expenses | 670 | 771 | 723 | 532 | 467 | 473 | 521 | 592 | 696 | 740 | 764 |
| Operating Profit | 344 | 552 | 684 | 703 | 735 | 932 | 828 | 1,044 | 1,287 | 1,316 | 1,096 |
| OPM % | 34% | 42% | 49% | 57% | 61% | 66% | 61% | 64% | 65% | 64% | 59% |
| Other Income | 1 | 0 | 0 | 0 | 4 | 3 | 5 | 5 | 4 | 1 | 256 |
| Interest | 0 | 5 | 6 | 6 | 6 | 5 | 4 | 6 | 6 | 5 | 5 |
| Depreciation | 8 | 26 | 32 | 37 | 37 | 36 | 34 | 35 | 40 | 46 | 48 |
| PBT | 337 | 522 | 646 | 661 | 696 | 895 | 794 | 1,008 | 1,245 | 1,266 | 1,299 |
| Tax % | 34% | 33% | 31% | 25% | 24% | 25% | 25% | 23% | 25% | 23% | — |
| Net Profit | 223 | 349 | 447 | 494 | 526 | 673 | 596 | 780 | 931 | 975 | 1,007 |
| EPS in Rs | 124 | 194 | 248 | 275 | 292 | 23.36 | 20.71 | 27.09 | 32.26 | 33.76 | 34.87 |
| Div. Payout % | 22% | 57% | 67% | 67% | 27% | 49% | 50% | 50% | 74% | 76% | — |
Balance Sheet
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 144 | 144 | 144 | 144 | 144 |
| Reserves | 924 | 1,120 | 1,203 | 1,299 | 1,687 | 2,052 | 2,373 | 3,025 | 3,583 | 3,897 |
| Borrowings | 0 | 70 | 72 | 62 | 59 | 54 | 48 | 79 | 68 | 64 |
| Other Liabilities | 258 | 342 | 206 | 193 | 221 | 184 | 223 | 254 | 320 | 310 |
| Total Liabilities | 1,200 | 1,549 | 1,498 | 1,572 | 1,985 | 2,435 | 2,788 | 3,502 | 4,114 | 4,415 |
| Fixed Assets | 18 | 90 | 95 | 86 | 77 | 72 | 70 | 111 | 107 | 116 |
| CWIP | 0 | 0 | 2 | 1 | 1 | 3 | 2 | 2 | 1 | 5 |
| Investments | 901 | 1,141 | 1,138 | 1,263 | 1,726 | 2,121 | 2,359 | 3,122 | 3,692 | 3,946 |
| Other Assets | 281 | 318 | 263 | 221 | 180 | 239 | 357 | 267 | 315 | 348 |
| Total Assets | 1,200 | 1,549 | 1,498 | 1,572 | 1,985 | 2,435 | 2,788 | 3,502 | 4,114 | 4,415 |
Cash Flow
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 0 | 89 | 79 | 95 | 90 | 86 | 75 | 83 | 78 | 86 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Aditya Birla Sun Life AMC insights
56 extracted metrics + investor summaries across FY17–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Apr - Transcript of Earnings Conference Call on Audited Financial Results for the quarter and financial year ended March 31, 2026. 29 Apr - Transcript of Earnings Conference Call on Audited Financial Results for the quarter and financial year ended March 31, 2026.
2
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Apr - Transcript of Earnings Conference Call on Audited Financial Results for the quarter and financial year ended March 31, 2026. 29 Apr - Transcript of Earnings Conference Call on Audited Financial Results for the quarter and financial year ended March 31, 2026.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 Apr - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; company reported full compliance. 27 Apr - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; company reported full compliance.
4
Compliances-Reg.24(A)-Annual Secretarial Compliance
8h - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; company reported full compliance. 8h - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; company reported full compliance.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - Listing Regulations, please find enclosed the newspaper advertisements regarding the Audited Financial Results of the Company for the quarter and financial year ended March 31, … 24 Apr - Listing Regulations, please find enclosed the newspaper advertisements regarding the Audited Financial Results of the Company for the quarter and financial year ended March 31, …
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. [1]
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 market capitalisation of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd has a market capitalisation of ₹31,185 Cr, which places it in the Large Cap band.
What is the PE ratio of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd trades at a PE ratio of 31.83, on earnings per share of ₹28.86, against a book value of ₹139.49 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.
Does Aditya Birla Sun Life AMC Ltd pay dividends?
Aditya Birla Sun Life AMC Ltd has a dividend yield of 2.34%.
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 24.13%. 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. [1]
CEO Mr. Athmanathan Balasubramanian
Employees 1,403
Listed 2021-10-11
Face Value ₹ 5
Issued Size 28,87,77,425
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