Aditya Birla Capital Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ABCAPITAL, BSE:540691 Aditya Birla Capital Ltd.

Aditya Birla Capital Ltd.

14 Mar 2021

270.30

0.04%

Aditya Birla Capital: Some of the parts > Sum of the parts? BUY

Aditya Birla Capital Ltd.

HDFC Securities

We initiate with a BUY and an SOTP-based target price of INR155 - we value the AMC business at INR240bn (7.2% of Mar'23 AUM) and the NBFC business at INR170bn (1.85x Mar'23 ABVPS) With its mature balance sheet business (NBFC) at an inflexion point and an annuity cash cow business (AMC) operating on an auto-pilot mode, Aditya Birla Capital (ABCL) is at the cusp of a credible makeover, driving consolidated return ratios closer to franchise potential over the next three years. We believe that ABCLs current valuations do not adequately factor in the successful re-positioning of its lending businesses towards retail and granular loans, which is likely to drive a sustainable improvement in franchise earnings.

Aditya Birla Capital.. has an average target of 233.33 from 3 brokers.

Aditya Birla Capital Ltd.

11 Aug 2020

270.30

0.04%

Quick Insight : Aditya Birla Capital Ltd. - 11 August 2020

Buy: Aditya Birla Capital Ltd.

Way2Wealth

No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...

Aditya Birla Capital Ltd. has gained 52.03% in the last 6 Months

Aditya Birla Capital Ltd.

09 Aug 2020

270.30

0.04%

Focus on retailization; Asset quality stable

Buy: Aditya Birla Capital Ltd.

Target

Motilal Oswal

lower yield and the impact of negative carry, (b) the GNPL ratio was stable at 3.6%, with PCR improving 500bp QoQ to 39%, (c) management expects 50% of GNPL to be recovered/resolved in FY21, (d) the share of retail loans has increased to 19% YoY from 15%, (e) the HFC loan book has been largely flat over the past few quarters at ~INR120b, and (f) NBFC disbursements in July 2020 were close to monthly run-rate levels. The past four to six quarters have been challenging for the company, with the run- down of the loan book and emergence of asset quality stress due to certain large- However, the key monitorable is how this portfolio behaves once it is free of moratorium in September. However, the company has responded by running down the wholesale lending book (especially structured finance, which is high-risk However, the key monitorable is how this portfolio behaves once it is free of moratorium in September.

Aditya Birla Capital.. has an average target of 233.33 from 3 brokers.

Aditya Birla Capital Ltd.

07 Jun 2020

270.30

0.04%

Growth marred by macros; Asset quality under pressure

Buy: Aditya Birla Capital Ltd.

Target

Motilal Oswal

PAT for NBFCs has plummeted 33%/40% QoQ/YoY to INR1.37b due to (a) loans declining 9%/2% YoY/QoQ to INR470b, and (b) higher credit cost (2.7% v/s 0.5% in 4QFY19), led by COVID related provision of INR1.6b and 90bp QoQ rise in GS3 to 3.6% (+30% to HFC loans were flat QoQ and up 6% YoY to INR121b, AMC AAUM grew 1%/2% QoQ/YoY to INR2.67t; 4QFY20 PAT declined 24% QoQ/YoY to INR1b, impacted by mix change and INR200m MTM loss Life Insurance business reported EV of INR51.9b (+6% YoY)and RoEV of 13.2%. Few mid-large corporate NPLs are under resolution, which are delayed due to FY20 has been a challenging year for the company with slowdown in loan Resolution of some corporate NPLs is underway; however, we do not foresee any meaningful resolutions in the near term given the overall We see significant moderation in business growth and earnings pressure in high profit contributing segments like Lending and the Asset Management business.

Aditya Birla Capital Ltd. is trading above all available SMAs

Aditya Birla Capital Ltd.

04 Jun 2019

270.30

0.04%

Aditya Birla Capital Ltd

Buy: Aditya Birla Capital Ltd.

Target

Angel Broking

Aditya Birla Capital (ABCL), a financial services provider, continued its robust growth in business operation in 4QFY19 as well. The company's consolidated PBT increased by 59% yoy and PAT jumped by 52% yoy to `259cr for Q4FY19. Growth was supported by lending & AMC business, while health insurance continued to report loss; however management expects

Aditya Birla Capital Ltd. has gained 38.03% in the last 3 Months

Aditya Birla Capital Ltd.

06 May 2019

270.30

0.04%

Strong NIM performance; Insurance business improvement continues

Buy: Aditya Birla Capital Ltd.

Target

Motilal Oswal

PBT grew 46% YoY to INR5.2b in 4QFY19, largely driven by strong profit growth across the lending (NBFC +26% YoY and HFC 3.2x YoY) and AMC (+19% YoY) businesses. Even the insurance business witnessed an improvement in profitability during the quarter. it reported a decline in cost of funds to 8.2% from 8.3% a quarter ago. quality was stable QoQ (ex-IL&FS;), with GNPA% at 1.05%. ABCAP has recognized all four exposures of IL&FS; of INR2.2b as GNPA (44bps of loan book) and the coverage ratio on the same stands at 27%. AAUM grew 6% YoY to INR2.65t; however, equity AAUM increased 21% YoY to INR890b. With the rising share of equity AAUM, PBT to AAUM improved to 29bp in 4Q and 26bp in FY19.

Number of FII/FPI investors decreased from 449 to 411 in Mar 2025 qtr

Aditya Birla Capital Ltd.

19 May 2018

270.30

0.04%

Result Updates

Buy: Aditya Birla Capital Ltd.

Angel Broking

Aditya Birla Capital (ABCL), a financial service provider, continued its robust growth in business operation in 4QFY18 as well. The company's consolidated revenue increased by 25%yoy and PAT jumped by 91%yoy to `208cr in said quarter. Consistent growth throughout the year took the company's net profit for the FY18 to `824cr, up by 44%. It..

Number of FII/FPI investors decreased from 449 to 411 in Mar 2025 qtr

Aditya Birla Capital Ltd.

08 May 2018

270.30

0.04%

Aditya Birla Capital: Robust growth; Asset quality intact

Buy: Aditya Birla Capital Ltd.

Target

Motilal Oswal

Loan book grew 9%/25% QoQ/YoY to INR432b. Margins (incl.fees) were under some pressure (-30bp YoY to 4.3%) due to a 70bp YoY decline in yields. Management continues focusing on retail and SME segments, the share of which is currently at 47%. Overall, profitability for the full year was intact, with RoA/RoE at 1.9%/14%. ABCAP recognized 20bp NPLs stemming from the RBI's Feb 12th circular, as a result of which, GNPL ratio stands at 92bp.

Aditya Birla Capital Ltd. has gained 38.03% in the last 3 Months

Aditya Birla Capital Ltd.

07 May 2018

270.30

0.04%

IPO Note - Indostar Capital Finance Ltd

IPO Subscribe: Aditya Birla Capital Ltd.

Aditya Birla Money Limited

Indostar Capital Finance Ltd (Indostar) is a non-deposit taking NBFC having major exposure to i) corporate credit, followed by ii) SME, iii) vehicle finance and iv) housing finance. IndoStar has been sponsored by financial institutions such as Everstone Capital, Goldman Sachs Group, Baer Capital Partners, ACPI Investments, and CDIB Capital International Corporation. Strong promoter provides strong capital sponsorship and professional expertise to Indostar. Over the span of 6 years, IndoStar has built its Corporate lending business (76.8% of total credit as on Q3FY18) and has cemented relationships with large corporates. The company had then forayed into the SME segment in 2015 (22.7% of credit as on Q3FY18) and now it...

Aditya Birla Capital Ltd. has gained 52.03% in the last 6 Months

Aditya Birla Capital Ltd.

16 Nov 2017, 12:00AM

270.30

0.04%

Aditya Birla Capital: Perfect blend of growth and quality

Buy: Aditya Birla Capital Ltd.

Motilal Oswal

Research Analyst: Alpesh Mehta (Alpesh.Mehta@MotilalOswal.com); +91 22 3982 5415 | Piran Engineer (Piran.Engineer@MotilalOswal.com); +91 22 3980 4393 Nitin Aggarwal (Nitin.Aggarwal@MotilalOswal.com); +91 22 3982 5540 | Anirvan Sarkar (Anirvan.Sarkar@MotilalOswal.com); +91 22 3982 5505 Investors are advised to refer through important disclosures made at the last page of the Research Report....

Aditya Birla Capital Ltd. is trading above all available SMAs

Is Aditya Birla Capital Ltd. worth buying?

795 Votes:

Buy 77.48%

Sell 12.7%

Hold 9.81%

RESEARCH REPORTS

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