Aditya Birla Money Ltd

About [ edit ]

Aditya Birla Money is a stock broking and capital market products distributor, offering Equity and Derivative trading through NSE and BSE and Currency Derivative on MCX-SX and Commodities Trading through MCX and NCDEX.

  • Market Cap 249 Cr.
  • Current Price 44.2
  • High / Low 52.4 / 23.2
  • Stock P/E 15.8
  • Book Value 8.50
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 39.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 69.44% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.17%

Cons

  • Stock is trading at 5.19 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.16% over past five years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 294.78 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
42.14 43.13 40.53 42.15 44.70 39.05 38.37 44.54 43.84 48.96 48.79 49.01
34.07 32.59 29.34 29.19 31.13 28.77 29.15 33.72 32.17 36.11 35.93 37.67
Operating Profit 8.07 10.54 11.19 12.96 13.57 10.28 9.22 10.82 11.67 12.85 12.86 11.34
OPM % 19.15% 24.44% 27.61% 30.75% 30.36% 26.33% 24.03% 24.29% 26.62% 26.25% 26.36% 23.14%
Other Income 0.92 0.95 1.11 0.73 2.65 1.23 1.50 1.69 0.85 0.48 0.58 0.86
Interest 5.93 7.49 8.15 8.80 9.52 5.85 5.46 7.18 5.85 5.48 5.74 4.99
Depreciation 0.49 0.50 0.53 0.57 1.56 1.59 1.61 1.70 1.65 1.71 1.71 1.95
Profit before tax 2.57 3.50 3.62 4.32 5.14 4.07 3.65 3.63 5.02 6.14 5.99 5.26
Tax % 21.79% 32.29% 34.53% 25.00% 31.91% 28.75% 23.84% 23.14% 29.48% 28.99% 29.72% 30.04%
Net Profit 2.02 2.36 2.37 3.25 3.50 2.91 2.79 2.80 3.54 4.35 4.20 3.69
EPS in Rs 0.36 0.42 0.42 0.58 0.62 0.52 0.50 0.50 0.63 0.77 0.75 0.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
101 107 72 71 69 118 117 125 162 172 171 191
78 99 77 71 69 103 105 109 141 124 122 142
Operating Profit 23 8 -5 0 1 15 12 16 22 48 49 49
OPM % 23% 7% -7% 1% 1% 13% 10% 13% 13% 28% 29% 26%
Other Income 1 -8 0 -1 0 0 1 0 2 0 3 3
Interest 3 6 6 5 3 3 7 6 12 32 29 22
Depreciation 6 7 8 8 6 6 4 3 2 2 6 7
Profit before tax 16 -14 -18 -13 -8 7 2 7 10 14 16 22
Tax % 39% 30% 6% 0% 0% -4% 36% 12% 28% 29% 27% 30%
Net Profit 9 -9 -17 -13 -8 7 1 6 7 10 12 16
EPS in Rs 1.71 -1.71 -3.12 -2.29 -1.48 1.28 0.22 1.11 1.30 1.77 2.13 2.80
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:6%
5 Years:10%
3 Years:6%
TTM:12%
Compounded Profit Growth
10 Years:36%
5 Years:69%
3 Years:30%
TTM:33%
Stock Price CAGR
10 Years:7%
5 Years:15%
3 Years:-13%
1 Year:68%
Return on Equity
10 Years:6%
5 Years:26%
3 Years:36%
Last Year:40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
6 14 14 14 16 16 16 16 50 6 6 6
Reserves 49 52 35 22 22 20 22 28 5 16 26 42
Borrowings 39 25 50 51 10 69 75 35 222 417 224 397
133 89 92 81 159 117 135 197 306 255 293 439
Total Liabilities 227 171 183 159 196 212 237 265 539 694 548 883
35 41 35 27 21 8 7 7 6 7 26 24
CWIP 1 0 0 0 0 0 0 0 1 1 0 0
Investments 2 12 2 2 5 5 6 6 24 281 90 0
189 118 146 130 171 200 224 252 508 405 432 859
Total Assets 227 171 183 159 196 212 237 265 539 694 548 883

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8 -28 -25 9 21 -22 -23 51 -169 -147 257 -155
-31 22 -1 -18 17 -33 21 -2 -23 24 1 0
33 1 20 -4 -33 57 -1 -46 182 122 -226 127
Net Cash Flow 9 -4 -6 -13 5 3 -3 3 -10 -1 32 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 26% 1% -13% -7% -7% 13% 9% 14% 12% 13% 13% 13%
Debtor Days 265 124 352 259 467 282 417 433 300 240 137 295
Inventory Turnover 0.02 0.02 0.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.90 73.90 73.81 73.80 73.80 73.80 73.80 73.80 73.80 73.80 73.80 73.80
0.00 0.03 0.00 0.01 0.11 0.02 0.17 0.09 0.07 0.00 0.00 0.00
26.10 26.08 26.19 26.19 26.09 26.19 26.03 26.11 26.13 26.20 26.20 26.20

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