AgenciesRelated
Morgan Stanley has buy call on Aditya Birla Capital with a target price of Rs 158. The current market price of Aditya Birla Capital Ltd. is Rs 120.3. Time period given by analyst is one year when Aditya Birla Capital Ltd. price can reach defined target.
Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 28668.21 Crore) operating in NBFC sector.
Aditya Birla Capital Ltd. key Products/Revenue Segments include Dividend, Income From Sale Of Share & Securities and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5714.53 Crore, up 1.97 % from last quarter Total Income of Rs 5604.17 Crore and up 13.56 % from last year same quarter Total Income of Rs 5031.97 Crore. Company reported net profit after tax of Rs 478.68 Crore in latest quarter.
Investment Rationale
Overall PAT was in line with MSe. NBFC PPOP was also in line and growth was strong, but credit costs were higher than expected. Management guided for a meaningful reduction in bad loans over the next two quarters. Underlying ROE expansion journey across the various businesses continues.
Post its F4Q21 results, the company had put out three-year guidance. As of F3Q22, the company had achieved some of these targets, especially in the lending business with margins increasing substantially. In the AMC business, domestic equity AAUM currently stands at 39%,vs. 40% guided by end of F24.
Promoter/FII Holdings
Promoters held 71.03 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.58 per cent, DIIs 7.36 per cent.
Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 28668.21 Crore) operating in NBFC sector.
Aditya Birla Capital Ltd. key Products/Revenue Segments include Dividend, Income From Sale Of Share & Securities and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5714.53 Crore, up 1.97 % from last quarter Total Income of Rs 5604.17 Crore and up 13.56 % from last year same quarter Total Income of Rs 5031.97 Crore. Company reported net profit after tax of Rs 478.68 Crore in latest quarter.
Investment Rationale
Overall PAT was in line with MSe. NBFC PPOP was also in line and growth was strong, but credit costs were higher than expected. Management guided for a meaningful reduction in bad loans over the next two quarters. Underlying ROE expansion journey across the various businesses continues.
Post its F4Q21 results, the company had put out three-year guidance. As of F3Q22, the company had achieved some of these targets, especially in the lending business with margins increasing substantially. In the AMC business, domestic equity AAUM currently stands at 39%,vs. 40% guided by end of F24.
Promoter/FII Holdings
Promoters held 71.03 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.58 per cent, DIIs 7.36 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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