Aditya Birla Sun Life AMC Ltd logo

Aditya Birla Sun Life AMC Ltd

ABSLAMC NSE

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]

AI Verdict: BUY Confidence: 6%

ABSLAMC offers a compelling combination of high ROE (25-29% consistently), debt-free balance sheet, and strong analyst consensus (79% buy ratings). However, the premium valuation at 35x PE and 8.45x PB, coupled with declining TTM sales growth of -7%, warrants caution and suggests limited near-term upside from current levels.

Key Fundamentals

SmallcapAMC Mutual FundCapital Markets
Market Cap
₹33,912 Cr
Volatility
Moderate
P/E Ratio
33.79
EBITDA
₹1,102 Cr
Return on Equity
24.63%
Debt to Equity
0.02
Book Value
₹139.76
EPS
₹28.86
52W High
₹1,224.9
52W Low
₹708

Technical Indicators

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

2
  • Stock is trading at 8.54 times its book value
  • The company has delivered a poor sales growth of 8.95% over past five years.

Growth Rate

Revenue Growth
-7.09% ↗
Net Income Growth
1.59% ↗
Cash Flow Change
3.45% ↗
ROE
1.38% ↗
ROCE
5.32% ↗
EBITDA Margin (Avg.)
-17.64% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
BUY
Risk medium

ABSLAMC offers a compelling combination of high ROE (25-29% consistently), debt-free balance sheet, and strong analyst consensus (79% buy ratings). However, the premium valuation at 35x PE and 8.45x PB, coupled with declining TTM sales growth of -7%, warrants caution and suggests limited near-term upside from current levels.

Bull Case 8
  • Exceptional return on equity consistency with 3-year ROE at 26%, 5-year at 27%, and 10-year at 29%, indicating a highly capital-efficient business model
  • Company is almost debt-free, eliminating balance sheet risk and providing financial flexibility for growth investments
  • Strong analyst consensus with 78.57% buy ratings (11 out of 14 analysts) and zero sell recommendations
  • Healthy dividend payout ratio of 66.6% with current dividend yield of 2.03%, attractive for income-seeking investors in the financial services space
  • Stock CAGR of 56% over 1 year and 48% over 3 years demonstrates strong market re-rating and investor confidence
  • Compounded profit growth of 18% over 3 years and 13% over 5 years shows sustained earnings expansion
  • Market cap of Rs 34,978 crore positions ABSLAMC as a mid-to-large cap AMC with significant scale advantages in distribution and brand recognition
  • Asset management is an operating-leverage business — compounded sales growth of 11% over 3 years translates to 18% profit growth, showing margin expansion
Bear Case 7
  • Stock trades at 8.45x price-to-book value, a steep premium that leaves little margin of safety for new investors
  • TTM sales growth has turned negative at -7%, signaling potential AUM outflows or fee compression in recent quarters
  • PE ratio of 35x is demanding for a company delivering only 5% TTM profit growth, implying stretched valuations relative to near-term earnings momentum
  • 5-year compounded sales growth of only 8.95% is poor for an AMC in a high-growth market like India where industry AUM has grown faster
  • After a 56% stock price rally in 1 year, significant re-rating has already occurred, limiting further upside without fundamental acceleration
  • Last year ROE of 25% shows a slight decline from the 3-year average of 26% and 10-year average of 29%, indicating potential return compression
  • High dividend payout of 66.6% while admirable for yield investors, limits retained earnings available for organic growth or acquisitions

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 2
  • New Head of Passives appointed Jun 22

    Hemen Bhatia appointed as Head - Passives and Senior Management Personnel effective June 23, 2026, signaling strategic focus on growing the passive/index fund business.

  • Strong institutional block trades Jun 15

    Four NSE block trades covering ~12,61,876 shares worth ~₹136.48 crores at prices ranging from ₹1054.40 to ₹1115.80, indicating consistent institutional interest.

Neutral 3
  • New marketing head and COO Jun 22

    Parag Murudkar appointed Head - Marketing and Nikesh Gupta as COO, replacing Ranabir Bose and Keerti Gupta who moved to roles within Aditya Birla Capital.

  • Investor conference scheduled Jun 9

    Aditya Birla Sun Life AMC scheduled an in-person investor conference for June 16, 2026, in Mumbai.

  • Dividend claim campaign launched Jun 2

    Saksham Niveshak campaign launched April 1, 2026 to help shareholders claim unpaid dividends from FY22 to FY25 by updating KYC details.

TL;DR: ABSLAMC is in a phase of leadership transitions with new appointments across marketing, operations, and passives, reflecting organizational realignment under the Aditya Birla Capital umbrella. Institutional interest remains healthy as evidenced by ~₹136.48 crore in block trades. No material headwinds are visible in recent news. The dedicated passives head hire suggests management is positioning for growth in the index/ETF segment, a positive structural trend for the AMC.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
297
311
335
341
366
387
424
445
429
447
461
478
458
Expenses
139
141
143
147
161
166
174
171
185
181
179
188
192
Operating Profit
158
170
192
194
205
220
250
274
244
266
283
290
266
OPM %
53%
55%
57%
57%
56%
57%
59%
62%
57%
59%
61%
61%
58%
Other Income
32
78
56
80
74
95
96
38
72
118
45
82
-33
Interest
1
1
2
1
2
1
1
2
1
1
1
1
1
Depreciation
8
7
9
9
10
9
10
11
10
10
11
12
13
PBT
181
240
237
264
268
305
335
300
305
372
316
358
219
Tax %
25%
23%
25%
21%
22%
23%
28%
25%
25%
26%
24%
25%
15%
Net Profit
136
185
178
209
208
236
242
224
228
277
241
270
187
EPS in Rs
4.71
6.41
6.18
7.27
7.23
8.18
8.41
7.78
7.91
9.6
8.36
9.33
6.48
Figures in ₹ Crores

Profit & Loss

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,013
1,324
1,407
1,235
1,202
1,405
1,349
1,636
1,982
1,845
Expenses
670
771
723
532
467
473
521
592
696
740
Operating Profit
344
552
684
703
735
932
828
1,044
1,287
1,105
OPM %
34%
42%
49%
57%
61%
66%
61%
64%
65%
60%
Other Income
1
0
0
0
4
3
5
5
4
212
Interest
0
5
6
6
6
5
4
6
6
5
Depreciation
8
26
32
37
37
36
34
35
40
46
PBT
337
522
646
661
696
895
794
1,008
1,245
1,266
Tax %
34%
33%
31%
25%
24%
25%
25%
23%
25%
23%
Net Profit
223
349
447
494
526
673
596
780
931
975
EPS in Rs
124
194
248
275
292
23.36
20.71
27.09
32.26
33.76
Div. Payout %
22%
57%
67%
67%
27%
49%
50%
50%
74%
76%
Figures in ₹ Crores

Balance Sheet

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
119
CWIP
0
0
2
1
1
3
2
2
1
2
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
Figures in ₹ Crores

Cash Flow

  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/OP
0
89
79
95
90
86
75
83
78
102
Figures in ₹ Crores

Ratios

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
12
7
12
9
7
7
9
11
11
Cash Conversion Cycle
20
12
7
12
9
7
7
9
11
11
Working Capital Days
-18
-10
7
-1
-25
-5
11
-2
-5
-26
ROCE %
—
49%
52%
50%
45%
45%
33%
35%
36%
32%

Shareholding Pattern

As of Mar 2026
Promoters 74.82%
DIIs 11.55%
Public 6.15%
FIIs 5.75%
Others 1.70%
Government 0.03%
Total 100.00%
  Apr 2021Sep 2021Oct 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
100.00%
86.50%
86.50%
86.50%
86.50%
86.50%
86.50%
86.50%
86.50%
86.49%
86.48%
86.47%
75.31%
75.00%
74.95%
74.90%
74.90%
74.88%
74.85%
74.82%
74.82%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.68%
1.74%
4.37%
4.62%
4.54%
5.03%
5.32%
5.53%
6.18%
6.05%
5.75%
DIIs
0.00%
3.21%
3.21%
3.85%
3.16%
1.64%
4.21%
4.66%
4.84%
4.69%
4.73%
5.21%
12.08%
11.59%
12.37%
11.52%
10.92%
10.79%
10.30%
10.79%
11.55%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.02%
0.02%
0.02%
0.03%
0.03%
0.03%
0.03%
Public
0.00%
6.17%
6.17%
6.11%
6.05%
6.14%
6.01%
5.86%
6.02%
6.03%
6.12%
5.77%
6.40%
6.93%
6.53%
6.78%
7.07%
6.99%
6.90%
6.64%
6.15%
Others
0.00%
4.12%
4.12%
3.55%
4.29%
5.72%
3.28%
2.98%
2.64%
2.79%
1.00%
0.80%
1.83%
1.84%
1.60%
1.74%
1.77%
1.78%
1.73%
1.67%
1.70%
No. of Shareholders
7
6,76,493
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
2,97,030
2,88,489
2,86,736
2,71,241
2,59,806
2,52,480
2,44,638

Documents

Frequently Asked Questions about Aditya Birla Sun Life AMC Ltd

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 is listed on the Indian stock exchanges. It is listed on NSE: ABSLAMC and BSE: 543374. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Aditya Birla Sun Life AMC Ltd belong to?
Aditya Birla Sun Life AMC Ltd operates in the Financial Services sector within the Capital Markets industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd has a market capitalisation of approximately ₹33912.10 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Aditya Birla Sun Life AMC Ltd?
The Price-to-Earnings (PE) ratio of Aditya Birla Sun Life AMC Ltd is 33.79. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Aditya Birla Sun Life AMC Ltd?
Over the past 52 weeks, Aditya Birla Sun Life AMC Ltd has traded between a low of ₹708 and a high of ₹1,224.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Aditya Birla Sun Life AMC Ltd pay dividends?
Yes, Aditya Birla Sun Life AMC Ltd has a dividend yield of 2.01%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd has a Return on Equity (ROE) of 24.63%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Aditya Birla Sun Life AMC Ltd on Tapetide?
On Tapetide, you can view Aditya Birla Sun Life AMC Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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