Financials Aditya Birla Capital Limited

Equities

ABCAPITAL

INE674K01013

Life & Health Insurance

Market Closed - NSE India S.E. 12:43:50 15/05/2024 BST 5-day change 1st Jan Change
220.4 INR +0.07% Intraday chart for Aditya Birla Capital Limited +1.19% +32.48%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 213,977 101,726 288,143 260,116 371,283 573,330 - -
Enterprise Value (EV) 1 755,282 626,282 288,143 260,116 371,283 456,044 1,815,282 1,999,012
P/E ratio 24.6 x 10.4 x 25.6 x 15.3 x 7.77 x 13.5 x 16.8 x 13.3 x
Yield - - - - - - - -
Capitalization / Revenue 1.41 x 0.61 x 1.5 x 1.17 x 1.35 x 1.32 x 1.75 x 1.86 x
EV / Revenue 4.98 x 3.73 x 1.5 x 1.17 x 1.35 x 1.32 x 5.54 x 6.47 x
EV / EBITDA 52.4 x 32.6 x 13.3 x 9.3 x 5.72 x 7.44 x 30.1 x 27.2 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.25 x 0.81 x 2.1 x 1.68 x 1.83 x 2.2 x 1.93 x 1.69 x
Nbr of stocks (in thousands) 2,201,404 2,413,423 2,415,278 2,416,312 2,417,994 2,600,726 - -
Reference price 2 97.20 42.15 119.3 107.6 153.6 220.4 220.4 220.4
Announcement Date 04/05/19 05/06/20 14/05/21 12/05/22 11/05/23 13/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 151,635 167,923 192,478 222,299 274,156 345,055 327,657 308,905
EBITDA 1 14,404 19,194 21,637 27,980 64,886 61,285 60,262 73,617
EBIT 1 13,826 18,169 20,492 26,760 63,438 59,346 58,265 70,983
Operating Margin 9.12% 10.82% 10.65% 12.04% 23.14% 17.2% 17.78% 22.98%
Earnings before Tax (EBT) 1 13,806 12,797 15,457 22,867 56,352 45,824 49,422 57,350
Net income 1 8,709 9,198 11,265 17,060 47,958 33,350 34,359 40,563
Net margin 5.74% 5.48% 5.85% 7.67% 17.49% 9.67% 10.49% 13.13%
EPS 2 3.950 4.060 4.660 7.050 19.77 12.95 13.12 16.52
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 04/05/19 05/06/20 14/05/21 12/05/22 11/05/23 13/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q2 2024 Q3 2024 Q4
Net sales 1 42,990 57,055 66,168 55,903 68,250 68,940 61,415 - -
EBITDA - - - - - - - - -
EBIT - 8,464 6,884 7,254 8,073 37,571 - 11,325 11,650
Operating Margin - 14.83% 10.4% 12.98% 11.83% 54.5% - - -
Earnings before Tax (EBT) 1 3,976 6,591 6,082 5,619 5,933 34,391 9,785 10,284 14,820
Net income 1 3,020 5,767 4,503 4,295 4,882 32,694 6,992 6,539 9,524
Net margin 7.03% 10.11% 6.8% 7.68% 7.15% 47.42% 11.38% - -
EPS - - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 05/08/21 03/02/22 12/05/22 03/08/22 07/11/22 02/02/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 541,306 524,556 - - - 1,053,421 1,241,952 1,425,682
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 37.58 x 27.33 x - - - 21.77 x 20.61 x 19.37 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.65% 8.33% 8.56% 11.7% 26.8% 12.1% 12.4% 13.5%
ROA (Net income/ Total Assets) 0.86% 0.82% 0.95% 1.28% 2.98% 2.01% 2.03% 2.11%
Assets 1 1,017,097 1,117,323 1,190,468 1,329,673 1,609,470 1,405,275 1,689,423 1,920,070
Book Value Per Share 2 43.20 52.10 56.90 64.10 84.00 100.0 114.0 131.0
Cash Flow per Share - - -1.270 8.020 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 04/05/19 05/06/20 14/05/21 12/05/22 11/05/23 13/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
220.4 INR
Average target price
236 INR
Spread / Average Target
+7.05%
Consensus

Quarterly revenue - Rate of surprise

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