Aditya Birla Sun Life AMC Ltd
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]
- Market Cap ₹ 21,998 Cr.
- Current Price ₹ 762
- High / Low ₹ 912 / 556
- Stock P/E 22.6
- Book Value ₹ 123
- Dividend Yield 3.15 %
- ROCE 35.5 %
- ROE 27.0 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.15%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
- Company has been maintaining a healthy dividend payout of 58.4%
Cons
- The company has delivered a poor sales growth of 9.99% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 987 | 1,294 | 1,391 | 1,215 | 1,174 | 1,376 | 1,327 | 1,611 | 1,955 | 1,761 | |
| 646 | 770 | 730 | 521 | 451 | 457 | 506 | 575 | 676 | 694 | |
| Operating Profit | 341 | 524 | 661 | 693 | 724 | 919 | 821 | 1,036 | 1,279 | 1,067 |
| OPM % | 35% | 41% | 48% | 57% | 62% | 67% | 62% | 64% | 65% | 61% |
| 2 | 0 | 0 | 0 | 4 | 3 | 4 | 5 | 4 | 272 | |
| Interest | 0 | 0 | 0 | 5 | 6 | 5 | 4 | 6 | 6 | 5 |
| Depreciation | 8 | 10 | 13 | 36 | 36 | 35 | 33 | 34 | 39 | 41 |
| Profit before tax | 335 | 515 | 648 | 652 | 685 | 882 | 788 | 1,002 | 1,239 | 1,293 |
| Tax % | 34% | 34% | 31% | 26% | 25% | 25% | 25% | 23% | 25% | |
| 221 | 341 | 449 | 486 | 516 | 660 | 591 | 774 | 925 | 971 | |
| EPS in Rs | 122.83 | 189.71 | 249.37 | 269.94 | 286.58 | 22.93 | 20.52 | 26.87 | 32.05 | 33.67 |
| Dividend Payout % | 23% | 59% | 67% | 68% | 28% | 50% | 50% | 50% | 75% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 12% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 12% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 27% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 144 | 144 | 144 | 144 | 144 |
| Reserves | 973 | 1,162 | 1,245 | 1,328 | 1,705 | 2,057 | 2,365 | 3,010 | 3,560 | 3,394 |
| 0 | 0 | 0 | 60 | 58 | 53 | 47 | 77 | 67 | 66 | |
| 253 | 339 | 205 | 188 | 216 | 180 | 221 | 251 | 313 | 320 | |
| Total Liabilities | 1,244 | 1,519 | 1,468 | 1,594 | 1,997 | 2,434 | 2,777 | 3,483 | 4,084 | 3,925 |
| 16 | 25 | 30 | 84 | 76 | 71 | 69 | 109 | 105 | 111 | |
| CWIP | 2 | 0 | 2 | 1 | 1 | 3 | 2 | 2 | 1 | 4 |
| Investments | 975 | 1,215 | 1,212 | 1,332 | 1,795 | 2,190 | 2,428 | 3,191 | 3,761 | 3,580 |
| 250 | 278 | 224 | 177 | 125 | 171 | 278 | 181 | 217 | 230 | |
| Total Assets | 1,244 | 1,519 | 1,468 | 1,594 | 1,997 | 2,434 | 2,777 | 3,483 | 4,084 | 3,925 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 277 | 303 | 287 | 492 | 502 | 550 | 468 | 684 | 702 | |
| -212 | -65 | 68 | -66 | -340 | -298 | -134 | -512 | -307 | |
| -60 | -240 | -361 | -422 | -162 | -255 | -334 | -168 | -398 | |
| Net Cash Flow | 5 | -3 | -6 | 4 | 1 | -3 | -0 | 4 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 11 | 6 | 11 | 8 | 5 | 5 | 7 | 9 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 15 | 11 | 6 | 11 | 8 | 5 | 5 | 7 | 9 |
| Working Capital Days | -24 | -61 | -34 | -2 | -27 | -6 | 10 | -4 | -6 |
| ROCE % | 47% | 53% | 49% | 43% | 44% | 33% | 35% | 36% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of Earnings Conference Call on Unaudited Financial Results for the quarter and half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Oct - Listing Regulations, please find enclosed the newspaper advertisements regarding the Unaudited Financial Results of the Company for the quarter and half year ended September 30, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Oct - Audio recording of Oct 24, 2025 earnings conference call for Q2/H1 FY26 posted on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
24 Oct - Copy of Investor Presentation and the Press Release on the Unaudited Financial Results of the Company for the quarter and half year ended September 30, …
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Announcement under Regulation 30 (LODR)-Change in Management
24 Oct - Approved Q2/H1 FY26 results; Prasad Kakkat Head-HR Nov 1; ESOP scheme covering 57,73,438 shares proposed.
Annual reports
Concalls
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
India’s Leading AMC[1] ABSBL is one of the largest non-bank affiliated AMCs in India managing AUM of ₹4,004 Bn in overall quarterly average assets under management (AUM) as of Q2 FY25 under its suite of mutual funds, portfolio management services, offshore and real estate offerings[2].