Loading..

Aditya Birla Sun Life AMC Limited (ABSLAMC) Press Release Analysis

Corporate Events

Negative

Aditya Birla Sun Life AMC Limited Approves Appo...

2022-10-27 13:16:00

Aditya Birla Sun Life AMC Limited approved Appointment of Mrs. Vishakha Mulye as an Additional Director (Non-Executive) with effect from Octob...

Neutral

Aditya Birla Sun Life AMC Limited, Board Meetin...

2022-10-20 15:09:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 20, 2022. Agenda: To approve the grant of 658,529 Stock Options.

Neutral

Aditya Birla Sun Life AMC Limited, Q2 2023 Earn...

2022-10-20 10:45:00

Aditya Birla Sun Life AMC Limited, Q2 2023 Earnings Call, Oct 28, 2022

Neutral

Aditya Birla Sun Life AMC Limited to Report Q2,...

2022-10-18 08:32:00

Aditya Birla Sun Life AMC Limited announced that they will report Q2, 2023 results on Oct 27, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meetin...

2022-10-18 08:32:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 27, 2022, at 17:00 Indian Standard Time. Agenda: To approve the standalone and consolida...

Negative

Aditya Birla Sun Life Amc Limited Announces Res...

2022-10-04 10:55:00

Aditya Birla Sun Life AMC Limited announced that Mr. Ajay Srinivasan, Non-Executive & Non- Independent Director has tendered his resignation f...

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-09-14 06:02:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Positive

Aditya Birla Sun Life AMC Joins Race to Acquire...

2022-09-05 14:37:00

Aditya Birla Sun Life AMC Limited (NSEI:ABSLAMC) has thrown its hat in the ring to acquire majority stake in the UTI Asset Management Company ...

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-08-09 06:47:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Neutral

Aditya Birla Sun Life AMC Limited, Q1 2023 Earn...

2022-07-21 14:59:00

Aditya Birla Sun Life AMC Limited, Q1 2023 Earnings Call, Jul 27, 2022

Positive

Aditya Birla Sun Life AMC Limited Approves Fina...

2022-07-21 14:47:00

Aditya Birla Sun Life AMC Limited announced that at the AGM held on July 21, 2022 approved a final dividend of INR 5.85 per equity share of IN...

Neutral

Aditya Birla Sun Life AMC Limited to Report Q1,...

2022-07-18 10:30:00

Aditya Birla Sun Life AMC Limited announced that they will report Q1, 2023 results on Jul 26, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meetin...

2022-07-18 10:30:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Jul 26, 2022. Agenda: To consider and approve the standalone and consolidated Unaudited Fina...

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-07-07 07:03:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Negative

Aditya Birla Sun Life AMC Limited Announces Ret...

2022-06-27 13:16:00

Aditya Birla Sun Life AMC Limited announced that Bharat Patel has completed his tenure and retired as an Independent Director of the Company e...

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-06-23 13:47:00

AGM

Neutral

Aditya Birla Sun Life AMC Limited, Annual Gener...

2022-06-23 13:47:00

Aditya Birla Sun Life AMC Limited, Annual General Meeting, Jul 21, 2022, at 10:30 Indian Standard Time. Location: One World Center, Tower 1, 1...

Positive

Aditya Birla Sun Life AMC Limited Recommends Fi...

2022-06-23 13:44:00

Aditya Birla Sun Life AMC Limited Board of Directors had recommended a final dividend of INR 5.85 per equity share for the financial year 2021...

Neutral

Aditya Birla Sun Life AMC Limited Presents at C...

2022-06-14 05:04:00

Aditya Birla Sun Life AMC Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022 .

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-06-07 09:44:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Neutral

CLSA Limited, CLSA - UK & EU Virtual Access Day...

2022-05-23 12:41:00

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022.

Negative

Aditya Birla Sun Life AMC Limited Appoints Amri...

2022-04-26 14:05:00

Aditya Birla Sun Life AMC Limited announced appointment of Mr. Amrit Kanwal as an additional director (non-executive and non-independent direc...

Positive

Aditya Birla Sun Life AMC Limited Approves Fina...

2022-04-26 14:05:00

Aditya Birla Sun Life AMC Limited approved final dividend of INR 5.85 per equity share of the company for the financial year ended March 31, 2...

Positive

Aditya Birla Sun Life AMC Limited Recommends Fi...

2022-04-26 13:56:00

Aditya Birla Sun Life AMC Limited recommended final dividend of INR 5.85 per equity share of the Company for the financial year ended March 31...

Negative

Aditya Birla Sun Life Amc Limited Announces Res...

2022-04-26 13:56:00

Aditya Birla Sun Life AMC Limited announced that the Board of Directors of the Company at its meeting held on April 26, 2022 approved noting t...

Positive

Aditya Birla Sun Life AMC Limited, 5.85 (INR), ...

2022-04-26 00:00:00

Aditya Birla Sun Life AMC Limited, 5.85 (INR), Cash Dividend, Jul-13-2022

Neutral

Aditya Birla Sun Life AMC Limited, Q4 2022 Earn...

2022-04-20 13:56:00

Aditya Birla Sun Life AMC Limited, Q4 2022 Earnings Call, Apr 27, 2022

Neutral

Aditya Birla Sun Life AMC Limited to Report Q4,...

2022-04-18 12:04:00

Aditya Birla Sun Life AMC Limited announced that they will report Q4, 2022 results on Apr 26, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meetin...

2022-04-18 12:04:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Apr 26, 2022. Agenda: To consider consolidated and Standalone Audited Financial Results of t...

Neutral

Spark Capital Advisors (India) Private Limited,...

2022-02-10 10:18:00

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022.

Neutral

Aditya Birla Sun Life AMC Limited Presents at S...

2022-02-10 10:18:00

Aditya Birla Sun Life AMC Limited Presents at Spark Capital - BFSI Conference, Feb-11-2022 12:00 PM.

Negative

Aditya Birla Sun Life Offshore Unit Names Sarat...

2022-02-09 00:00:00

Aditya Birla Sun Life AMC Limited announced its offshore unit has appointed Sarath Sathkumara to lead its international business. In his curre...

Negative

Aditya Birla Sun Life Receives Approval from In...

2022-02-09 00:00:00

Aditya Birla Sun Life AMC Limited announced that it has received approval from International Financial Services Centres Authority (IFSCA) to c...

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder...

2022-02-08 11:16:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Negative

Aditya Birla Sun Life AMC Limited Announces Ces...

2022-02-03 08:29:00

Aditya Birla Sun Life AMC Limited announced that Mr. Bobby Parikh has completed his tenure as an independent director of the company, effectiv...

Neutral

Aditya Birla Sun Life AMC Limited Proposes Amen...

2022-02-01 05:56:00

Aditya Birla Sun Life AMC Limited in its Postal Ballot-Notice, proposed Amendment to the Articles of Association of the Company.

Neutral

Aditya Birla Sun Life AMC Limited approves amen...

2022-01-25 09:34:00

Aditya Birla Sun Life AMC Limited announced that at its board meeting held on January 25, 2022, have inter-alia considered and approved amendm...

Negative

Aditya Birla Sun Life AMC Limited Approves Appointment of Mrs. Vishakha Mulyeas an Additional Director (Non-Executive)

2022-10-27 13:16:00

Aditya Birla Sun Life AMC Limited approved Appointment of Mrs. Vishakha Mulye as an Additional Director (Non-Executive) with effect from October 27, 2022. Mrs. Vishakha Mulye is the Chief Executive Officer of Aditya Birla Capital Limited (ABCL), the holding company of all the financial services businesses of the Aditya Birla Group. She is also a director on the board of Aditya Birla Management Corporation Private Limited, the apex decision-making body of the Aditya Birla Group. Before joining the Aditya Birla Group, Mrs. Vishakha Mulye, a career banker, was an Executive Director on the Board of ICICI Bank. In a career spanning thirty years, she has held many significant roles and led several strategic initiatives as a part of the ICICI Group, most recently as the head of domestic and international Wholesale Banking Group, Proprietary Trading Group, Markets Group and Transaction Banking Group at the Bank. She has also handled several other responsibilities at the Bank, in the areas of strategy, treasury & markets, proprietary equity investing and management of long-term equity investments, structured finance, management of special assets and corporate & project finance. She was also responsible for the Bank's structured finance and global markets businesses, and its financial institutions' relationships. Mrs. Vishakha Mulye, is a member of Aspen lnstitute's 'India Leadership Initiative'. She was selected as 'Young Global Leader' in 2007 by the World Economic Forum. She received the 'India CFO Award' in 2006 from IMA India, for 'Excellence in Finance in a Large Corporate' and 'CA Corporate Leader Award' in 2008 from the Institute of Chartered Accountants. Mrs. Vishakha Mulye has featured in several power lists such as the 'Most Powerful Women' in Indian Business' by Business and 'Most Powerful Women' by Fortune India. Mrs. Vishakha Mulye, is a Chartered Accountant, by qualification.

Neutral

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 20, 2022

2022-10-20 15:09:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 20, 2022. Agenda: To approve the grant of 658,529 Stock Options.

Neutral

Aditya Birla Sun Life AMC Limited, Q2 2023 Earnings Call, Oct 28, 2022

2022-10-20 10:45:00

Aditya Birla Sun Life AMC Limited, Q2 2023 Earnings Call, Oct 28, 2022

Neutral

Aditya Birla Sun Life AMC Limited to Report Q2, 2023 Results on Oct 27, 2022

2022-10-18 08:32:00

Aditya Birla Sun Life AMC Limited announced that they will report Q2, 2023 results on Oct 27, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 27, 2022

2022-10-18 08:32:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Oct 27, 2022, at 17:00 Indian Standard Time. Agenda: To approve the standalone and consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2022.

Negative

Aditya Birla Sun Life Amc Limited Announces Resignation of Ajay Srinivasan as Non-Executive & Non- Independent Director

2022-10-04 10:55:00

Aditya Birla Sun Life AMC Limited announced that Mr. Ajay Srinivasan, Non-Executive & Non- Independent Director has tendered his resignation from the Board of Directors of Aditya Birla Sun Life AMC Limited with effect from October 4, 2022.

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-09-14 06:02:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Positive

Aditya Birla Sun Life AMC Joins Race to Acquire Stake in UTI AMC

2022-09-05 14:37:00

Aditya Birla Sun Life AMC Limited (NSEI:ABSLAMC) has thrown its hat in the ring to acquire majority stake in the UTI Asset Management Company Limited (BSE:543238) and shore up its asset under management. The fund house will be vying with Tata AMC and others to acquire 45% stake being offloaded by Bank of Baroda (BSE:532134), State Bank of India (NSEI:SBIN) and Punjab National Bank (BSE:532461), besides Life Insurance Corporation of India (NSEI:LICI). Being one of the four listed asset management companies, Birla MF has surplus cash of INR 22,000 million on its books and it is almost debt-free company. The 45% in UTI MF will be valued at over INR 46,000 million, sources said. Both Aditya Birla Sun Life AMC and UTI AMC did not respond to the e-mail sent by BusinessLine.

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-08-09 06:47:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Neutral

Aditya Birla Sun Life AMC Limited, Q1 2023 Earnings Call, Jul 27, 2022

2022-07-21 14:59:00

Aditya Birla Sun Life AMC Limited, Q1 2023 Earnings Call, Jul 27, 2022

Positive

Aditya Birla Sun Life AMC Limited Approves Final Dividend for the Financial Year Ended 31 March, 2022

2022-07-21 14:47:00

Aditya Birla Sun Life AMC Limited announced that at the AGM held on July 21, 2022 approved a final dividend of INR 5.85 per equity share of INR 5 each for the financial year ended 31 March, 2022.

Neutral

Aditya Birla Sun Life AMC Limited to Report Q1, 2023 Results on Jul 26, 2022

2022-07-18 10:30:00

Aditya Birla Sun Life AMC Limited announced that they will report Q1, 2023 results on Jul 26, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meeting, Jul 26, 2022

2022-07-18 10:30:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Jul 26, 2022. Agenda: To consider and approve the standalone and consolidated Unaudited Financial Results of the Company for the quarter ended June 30, 2022.

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-07-07 07:03:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Negative

Aditya Birla Sun Life AMC Limited Announces Retirement of Bharat Patel as Independent Director

2022-06-27 13:16:00

Aditya Birla Sun Life AMC Limited announced that Bharat Patel has completed his tenure and retired as an Independent Director of the Company effective from close of business hours on June 26, 2022. He was an Independent Director for two consecutive terms.

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-06-23 13:47:00

AGM

Neutral

Aditya Birla Sun Life AMC Limited, Annual General Meeting, Jul 21, 2022

2022-06-23 13:47:00

Aditya Birla Sun Life AMC Limited, Annual General Meeting, Jul 21, 2022, at 10:30 Indian Standard Time. Location: One World Center, Tower 1, 17 floor Jupiter Mills, Senapati Bapat Marg, Elphinstone Road Mumbai India Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2022 and the Reports of the Board of Directors' and Auditors thereon; to declare a final dividend of 5.85 per equity share of INR 5 each for the financial year ended 31st March, 2022, and to confirm Interim dividend of 5.60 per equity share of INR 5 each paid for the financial year ended 31st March, 2022; to appoint a director in place of Mr. Kumar Mangalam Birla (DIN:00012813), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment; and to consider other matters.

Positive

Aditya Birla Sun Life AMC Limited Recommends Final Dividend for the Financial Year 2021-22, Payable on or Before 17 August 2022

2022-06-23 13:44:00

Aditya Birla Sun Life AMC Limited Board of Directors had recommended a final dividend of INR 5.85 per equity share for the financial year 2021-22. The final dividend, if approved by the shareholders at the upcoming AGM to be held on 1 July 2022, shall be paid on or before 17th August 2022. The record date for determining the shareholders eligible to receive the final dividend, subject to the shareholder's approval at the upcoming AGM, will be 14th July 2022.

Neutral

Aditya Birla Sun Life AMC Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022

2022-06-14 05:04:00

Aditya Birla Sun Life AMC Limited Presents at CLSA - UK & EU Virtual Access Day, Jun-14-2022 .

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-06-07 09:44:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Neutral

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022

2022-05-23 12:41:00

CLSA Limited, CLSA - UK & EU Virtual Access Day, Jun 14, 2022.

Negative

Aditya Birla Sun Life AMC Limited Appoints Amrit Kanwal as Additional Director

2022-04-26 14:05:00

Aditya Birla Sun Life AMC Limited announced appointment of Mr. Amrit Kanwal as an additional director (non-executive and non-independent director), effect from April 26, 2022.

Positive

Aditya Birla Sun Life AMC Limited Approves Final Dividend for the Financial Year Ended March 31, 2022

2022-04-26 14:05:00

Aditya Birla Sun Life AMC Limited approved final dividend of INR 5.85 per equity share of the company for the financial year ended March 31, 2022, the final dividend shall be paid within thirty days from the conclusion of AGM. Record date for the purpose of determining shareholders eligible to receive dividend, shall be intimated in due course of time.

Positive

Aditya Birla Sun Life AMC Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

2022-04-26 13:56:00

Aditya Birla Sun Life AMC Limited recommended final dividend of INR 5.85 per equity share of the Company for the financial year ended March 31, 2022, subject to the approval of shareholders at the upcoming annual general meeting. If approved by the shareholders, the final dividend shall be paid within thirty days from the conclusion of AGM. Record date for the purpose of determining shareholders eligible to receive dividend, shall be intimated in due course of time.

Negative

Aditya Birla Sun Life Amc Limited Announces Resignation of Colm Freyne as Non-Executive & Non-Independent Director of the Company

2022-04-26 13:56:00

Aditya Birla Sun Life AMC Limited announced that the Board of Directors of the Company at its meeting held on April 26, 2022 approved noting the Resignation of Mr. Colm Freyne (DIN:07627357), Non-Executive & Non-Independent Director of the Company, representative of Sun Life (India) AMC Investments Inc. with effect from April 25, 2022.

Positive

Aditya Birla Sun Life AMC Limited, 5.85 (INR), Cash Dividend, Jul-13-2022

2022-04-26 00:00:00

Aditya Birla Sun Life AMC Limited, 5.85 (INR), Cash Dividend, Jul-13-2022

Neutral

Aditya Birla Sun Life AMC Limited, Q4 2022 Earnings Call, Apr 27, 2022

2022-04-20 13:56:00

Aditya Birla Sun Life AMC Limited, Q4 2022 Earnings Call, Apr 27, 2022

Neutral

Aditya Birla Sun Life AMC Limited to Report Q4, 2022 Results on Apr 26, 2022

2022-04-18 12:04:00

Aditya Birla Sun Life AMC Limited announced that they will report Q4, 2022 results on Apr 26, 2022

Neutral

Aditya Birla Sun Life AMC Limited, Board Meeting, Apr 26, 2022

2022-04-18 12:04:00

Aditya Birla Sun Life AMC Limited, Board Meeting, Apr 26, 2022. Agenda: To consider consolidated and Standalone Audited Financial Results of the Company for the quarter and financial year ended March 31, 2022; and to consider recommending final dividend, if any, for the Financial Year 2021-22, subject to the approval of Shareholders at the ensuing Annual General Meeting.

Neutral

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022

2022-02-10 10:18:00

Spark Capital Advisors (India) Private Limited, Spark Capital - BFSI Conference, Feb 10, 2022 through Feb 11, 2022.

Neutral

Aditya Birla Sun Life AMC Limited Presents at Spark Capital - BFSI Conference, Feb-11-2022 12:00 PM

2022-02-10 10:18:00

Aditya Birla Sun Life AMC Limited Presents at Spark Capital - BFSI Conference, Feb-11-2022 12:00 PM.

Negative

Aditya Birla Sun Life Offshore Unit Names Sarath Sathkumara to Lead its International Business

2022-02-09 00:00:00

Aditya Birla Sun Life AMC Limited announced its offshore unit has appointed Sarath Sathkumara to lead its international business. In his current role with ABSLAMC's offshore arm, Sarath has joined as CIO International. Most recently, he was the managing director/portfolio manager for Taiyo Pacific Partner's India engagement investing business, starting the business 10 years ago and building it ground up.

Negative

Aditya Birla Sun Life Receives Approval from International Financial Services Centres Authority to Carry Out Portfolio Management Services from Gift City in India

2022-02-09 00:00:00

Aditya Birla Sun Life AMC Limited announced that it has received approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City in India that will help to expand its reach and service to global clients.

Neutral

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

2022-02-08 11:16:00

Aditya Birla Sun Life AMC Limited - Shareholder/Analyst Call

Negative

Aditya Birla Sun Life AMC Limited Announces Cessation of Mr. Bobby Parikh as Independent Director

2022-02-03 08:29:00

Aditya Birla Sun Life AMC Limited announced that Mr. Bobby Parikh has completed his tenure as an independent director of the company, effective from February 2, 2022 (close of business hours). He was an Independent Director for two terms.

Neutral

Aditya Birla Sun Life AMC Limited Proposes Amendment to its Articles of Association

2022-02-01 05:56:00

Aditya Birla Sun Life AMC Limited in its Postal Ballot-Notice, proposed Amendment to the Articles of Association of the Company.

Neutral

Aditya Birla Sun Life AMC Limited approves amendment to the articles of association

2022-01-25 09:34:00

Aditya Birla Sun Life AMC Limited announced that at its board meeting held on January 25, 2022, have inter-alia considered and approved amendment to the articles of association of the company by reinstating special rights available to the promoters (that is Aditya Birla Capital Limited, Sun Life (India) AMC Investments Inc. and their Affiliates (to the extent applicable) subject To Approve the shareholders of the Company.

Fundamental Summary

At a high level, the metrics from Aditya Birla Sun Life AMC's Q1 financial report release provided many positive indicators. Their positive income, growth, and value factors indicate that it is likely to continue to produce impressive results for the foreseeable future, as well. These results lead us to believe that there should be significant upside potential for the stock. We therefore gave Aditya Birla Sun Life AMC a total score of 81 out of 100 and a BUY recommendation.

Aditya Birla Sun Life AMC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 3,110.86 million compared to INR 3,319.74 million a year ago. Revenue was INR 3,876.69 million compared to INR 3,721.86 million a year ago. Net income was INR 1,916.87 million compared to INR 1,730.73 million a year ago. Basic earnings per share from continuing operations was INR 6.66 compared to INR 6.01 a year ago. Diluted earnings per share from continuing operations was INR 6.64 compared to INR 5.99 a year ago.For the six months, sales was INR 6,155.89 million compared to INR 6,351.44 million a year ago. Revenue was INR 6,613.71 million compared to INR 7,084.31 million a year ago. Net income was INR 2,945.25 million compared to INR 3,280.16 million a year ago. Basic earnings per share from continuing operations was INR 10.23 compared to INR 11.39 a year ago. Diluted earnings per share from continuing operations was INR 10.2 compared to INR 11.36 a year ago.

Sector Overview

Aditya Birla Sun Life AMC is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Aditya Birla Sun Life AMC's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 7.0 -9.0% 89
Equity 22.0B 10.5% 71
EBITDA 9.4B 1.2% 86
Parameter Value Change Score
Total Revenues 14.1B 1.3% 66
* All values are TTM

The below chart reflects Aditya Birla Sun Life AMC's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Aditya Birla Sun Life AMC's peer average final assessment score stands on 72, Aditya Birla Sun Life AMC's score is 81.

  •  ABSLAMC
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 0 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 1 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 2 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 3 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 4 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 5 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Aditya Birla Sun Life AMC Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Aditya Birla Sun Life AMC Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Aditya Birla Sun Life AMC Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Aditya Birla Sun Life AMC's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Aditya Birla Sun Life AMC's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 434.2
52W Low 400.05
52W High 593.55
5D MA 426.5
50D MA 436.55
200D MA 459.32
MACD -1.6
RSI 48.67
STOCH 100.0

Balance Sheet Analysis

All in all, looking at the balance sheet, Aditya Birla Sun Life AMC's financial health appears good. Aditya Birla Sun Life AMC's balance sheet neither stood out as being particularly strong or weak relative to its peers. Aditya Birla Sun Life AMC publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 7.0 and represents a -9.0% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 89. Also, Aditya Birla Sun Life AMC produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Aditya Birla Sun Life AMC's equity was reported as 22.0B, which represents a 10.5% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 2.0%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. The company's equity movement component, therefore, received a grade of 71. That said, one metric, Liabilities, stood out as particularly concerning. At filing, Aditya Birla Sun Life AMC's liabilities were 2.4B, representing a nan% change from the previous period. Aditya Birla Sun Life AMC's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 43. Therefore, their balance sheet earned a grade of 72.

Parameter Value Change Score
Price to Book 7.0 -9.0% 89
Equity 22.0B 10.5% 71
* All values are TTM

The below chart describes Aditya Birla Sun Life AMC's performance as reflected on its balance sheet with respect to its peers. While Aditya Birla Sun Life AMC received a balance sheet score of 72, the average of its peers stands on 72.

  •  ABSLAMC
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 0 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 1 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 2 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 3 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 4 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 5 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Overall, using Aditya Birla Sun Life AMC's published numbers as indicators of management's priorities and execution, there is a high likelihood of continued income statement mediocrity going into the upcoming quarters. Aditya Birla Sun Life AMC reported impressive EBITDA this period. At filing, EBITDA was reported as 9.4B, representing 1.2% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 14.5%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 86. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Aditya Birla Sun Life AMC reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 14.1B and represented 1.3% change from the previous period. This metric might have a 5.6 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Its revenue efficiency, therefore, received a grade of 66. Therefore, it received a score of 79.

Parameter Value Change Score
EBITDA 9.4B 1.2% 86
Total Revenues 14.1B 1.3% 66
* All values are TTM

The below chart describes Aditya Birla Sun Life AMC's performance as reflected on its income statement with respect to its peers. While Aditya Birla Sun Life AMC received a income statement score of 79 , the average of its peers stands on 72.

  •  ABSLAMC
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 0 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 1 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 2 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 3 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 4 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 5 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Taking a high-level look at Aditya Birla Sun Life AMC's cash flow, it appears that management is going a commendable job managing some of the cash flow metrics that matter most. Aditya Birla Sun Life AMC's strong net cash flow numbers, which were 87.2M in this filing, showed a nan% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 84. Also, Aditya Birla Sun Life AMC's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Aditya Birla Sun Life AMC recorded asset turnover of 0.6, which represents a nan% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 3.4 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Therefore, its asset turnover movement earned a score of 62. On the other hand, Capital Expenditure, jumped out as looking rather underwhelming. Aditya Birla Sun Life AMC's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -159.9M, which represents a nan% change from the last period. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Its CapEx movement, therefore, received a grade of 42. Therefore, their cash flow earned a grade of 72.

Parameter Value Change Score
* All values are TTM

The below chart describes Aditya Birla Sun Life AMC's performance as reflected on its cash flow with respect to its peers. While Aditya Birla Sun Life AMC received a cash flow score of 72, the average of its peers stands on 61.

  •  ABSLAMC
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 0 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 1 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 2 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 3 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 4 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 5 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.