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 ₹ 21,284 Cr.
- Current Price ₹ 737
- High / Low ₹ 912 / 556
- Stock P/E 21.9
- Book Value ₹ 123
- Dividend Yield 3.26 %
- ROCE 35.5 %
- ROE 27.0 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.26%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
- Company has been maintaining a healthy dividend payout of 57.9%
Cons
- The company has delivered a poor sales growth of 9.93% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,013 | 1,324 | 1,407 | 1,235 | 1,202 | 1,405 | 1,349 | 1,636 | 1,982 | 1,783 | |
| 670 | 771 | 723 | 532 | 467 | 473 | 521 | 592 | 696 | 716 | |
| Operating Profit | 344 | 552 | 684 | 703 | 735 | 932 | 828 | 1,044 | 1,287 | 1,067 |
| OPM % | 34% | 42% | 49% | 57% | 61% | 66% | 61% | 64% | 65% | 60% |
| 1 | 0 | 0 | 0 | 4 | 3 | 5 | 5 | 4 | 273 | |
| Interest | 0 | 5 | 6 | 6 | 6 | 5 | 4 | 6 | 6 | 5 |
| Depreciation | 8 | 26 | 32 | 37 | 37 | 36 | 34 | 35 | 40 | 42 |
| Profit before tax | 337 | 522 | 646 | 661 | 696 | 895 | 794 | 1,008 | 1,245 | 1,293 |
| Tax % | 34% | 33% | 31% | 25% | 24% | 25% | 25% | 23% | 25% | |
| 223 | 349 | 447 | 494 | 526 | 673 | 596 | 780 | 931 | 971 | |
| EPS in Rs | 124.01 | 193.64 | 248.22 | 274.67 | 292.38 | 23.36 | 20.71 | 27.09 | 32.26 | 33.65 |
| Dividend Payout % | 22% | 57% | 67% | 67% | 27% | 49% | 50% | 50% | 74% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 12% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 27% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 924 | 1,120 | 1,203 | 1,299 | 1,687 | 2,052 | 2,373 | 3,025 | 3,583 | 3,420 |
| 0 | 70 | 72 | 62 | 59 | 54 | 48 | 79 | 68 | 69 | |
| 258 | 342 | 206 | 193 | 221 | 184 | 223 | 254 | 320 | 322 | |
| Total Liabilities | 1,200 | 1,549 | 1,498 | 1,572 | 1,985 | 2,435 | 2,788 | 3,502 | 4,114 | 3,955 |
| 18 | 90 | 95 | 86 | 77 | 72 | 70 | 111 | 107 | 113 | |
| CWIP | 0 | 0 | 2 | 1 | 1 | 3 | 2 | 2 | 1 | 4 |
| Investments | 901 | 1,141 | 1,138 | 1,263 | 1,726 | 2,121 | 2,359 | 3,122 | 3,692 | 3,511 |
| 281 | 318 | 263 | 221 | 180 | 239 | 357 | 267 | 315 | 326 | |
| Total Assets | 1,200 | 1,549 | 1,498 | 1,572 | 1,985 | 2,435 | 2,788 | 3,502 | 4,114 | 3,955 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 346 | 315 | 497 | 512 | 563 | 437 | 685 | 708 | |
| 0 | -69 | 62 | -66 | -340 | -298 | -134 | -511 | -305 | |
| 0 | -259 | -384 | -423 | -162 | -256 | -335 | -169 | -399 | |
| Net Cash Flow | 0 | 18 | -6 | 8 | 10 | 9 | -32 | 5 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 12 | 7 | 12 | 9 | 7 | 7 | 9 | 11 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 20 | 12 | 7 | 12 | 9 | 7 | 7 | 9 | 11 |
| Working Capital Days | -18 | -10 | 7 | -1 | -25 | -5 | 11 | -2 | -5 |
| ROCE % | 49% | 52% | 50% | 45% | 45% | 33% | 35% | 36% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Nov - Aditya Birla Sun Life AMC to attend Anand Rathi (Nov 12), Avendus (Nov 19), JM Financial (Nov 20) investor conferences.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Oct - 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, …
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
AUM and Market Position:[1]
ABSL AMC, one of the largest non-bank affiliated AMCs in India crossed Rs. 4.25 lakh crores in average AUM. Overall average assets under management, including alternate assets, stood at Rs. 4.61 lakh crores, reflecting a 15% YOY growth.
The quarterly equity average AUM, including alternate assets, crossed Rs. 2 lakh crores. The total number of investor folios for September 2025 stood at 1.07 crore, marking 5% year-on-year growth.