Aditya Birla Capital Limited (ABCAPITAL)

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Aditya Birla Capital Limited (ABCAPITAL) · mywealthgrid

About

Aditya Birla Capital is an investment company within the Aditya Birla Group operating a diversified portfolio of financial services businesses, evidenced by consolidated quarterly revenues of ₹10.6–13.5 Cr and smaller standalone operations with market cap ₹1.1 lakh Cr. The bimodal revenue structure reflects multiple business segments with different margin profiles: standalone operations achieve 75–77% operating margins while consolidated average 36.68%. Strong one-year price appreciation of 44% reflects positive market sentiment.

Face value: ₹10

Market cap

₹1,02,546 Cr

P/E

25.0×

P/B

2.9×

Dividend yield

ROE

11.6%

ROCE

—

Debt / equity

5.2

OPM

36.7%

EPS (TTM)

₹15.7

Book value

₹131.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

D/E ratio of 5.2 is high leverage for a financial services company; verify exposure to refinancing risk and interest-rate sensitivity

Consolidated operating margins (33–40%) lag standalone (75–77%) significantly, indicating structural challenges in larger business units; verify whether this gap can be closed

ROE of 11.62% appears modest relative to leverage employed; verify whether capital efficiency justifies the D/E ratio and PE multiple of 26.72

Earnings exposed to financial services cycles; verify company's exposure to credit cycles, NPL pressures, and rate-dependent income

Generated analysis · source review pending

Growth drivers

Standalone operations achieve 75–77% OPM while consolidated average 36.68%, suggesting margin expansion potential if larger business units approach standalone-like efficiency

Consolidated quarterly revenue base of ₹10.6–13.5 Cr demonstrates significant scale; verify YoY growth to assess whether revenue base is expanding

High D/E of 5.2 indicates substantial capital deployed in operations; verify ROI on this capital and whether returns exceed the cost of funding

Net profitability consistent across volatile quarters (₹740–1,224 Cr), indicating resilient diversified operations; verify individual segment growth

Generated analysis · source review pending

2,240 historical price candles were omitted because the exchange source has not been verified.

₹375.1-0.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 36.7%
+Profit CAGR of 27.3% over the last 5 years
+Revenue CAGR of 18.8% over the last 5 years
+High promoter holding of 68.8% with no pledge

Cons

−Heavily leveraged (debt/equity 5.2)
−Weak interest coverage of 1.4×

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 32
Growth: 68
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,823	11,524	1,406	16,792	19,248	22,230	27,416	34,506	40,590	45,509
Interest	2,299	3,024	—	4,607	3,916	3,480	4,722	7,617	9,694	11,622
Expenses	2,478	7,539	—	11,062	13,966	16,694	19,972	22,471	26,357	28,815
Financing profit	1,046	961	—	1,123	1,366	2,056	2,722	4,417	4,538	5,072
Financing margin %	18%	8.3%	—	6.7%	7.1%	9.3%	9.9%	12.8%	11.2%	11.1%
Other income	63	4	—	18	26	11	2,786	55	134	108
Depreciation	43	44	13	103	114	122	145	194	246	307
Exceptional items	—	—	—	-10	0	0	0	0	0	-54
Profit before tax	1,066	1,096	—	1,280	1,546	2,287	5,635	4,582	4,871	5,271
Tax	373	403	—	414	440	627	811	1,143	1,461	1,407
Tax %	35%	36.8%	—	32.3%	28.5%	27.4%	14.4%	25%	30%	26.7%
PAT	691	693	448	866	1,106	1,660	4,824	3,439	3,410	3,864
EPS (₹)	6.4	—	—	4.1	4.7	7.1	19.8	13.1	12.8	14.4
EPS adjusted (₹)	4.3	3.2	2	3.6	4.7	7.1	19.8	12.8	12.8	14.4
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1,232	2,201	2,201	2,414	2,415	2,416	2,418	2,600	2,607	2,620
Reserves	5,363	6,450	7,311	10,162	11,327	13,076	17,893	24,217	27,782	31,804
Minority interest	—	—	1,157	1,320	1,485	1,599	1,509	1,821	1,958	2,344
	30,157	40,004	56,324	55,630	52,675	58,052	84,321	1,09,540	1,39,347	1,78,880
	41,389	45,414	42,698	44,267	56,892	65,997	74,613	93,924	1,07,367	1,19,746
Total equity & liabilities	78,141	94,069	1,09,692	1,13,792	1,24,794	1,41,140	1,80,754	2,32,102	2,79,061	3,35,393
	—	—	876	857	904	943	871	1,073	1,301	1,389
CWIP	2	1	1	3	1	12	9	10	22	11
Investments	—	—	635	682	880	1,110	76,079	95,145	70,334	79,606
	78,140	94,068	1,08,180	1,12,250	1,23,009	1,39,075	1,03,796	1,35,874	2,07,405	2,54,386
Total assets	78,141	94,069	1,09,692	1,13,792	1,24,794	1,41,140	1,80,754	2,32,102	2,79,061	3,35,393

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Life Insurance	23,974.11	256.99	1,19,571.91	1,14,501.13	5,070.78	5.07
Lending (Excluding Housing Finance)	17,148.52	4,023.24

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	—	34.1%	27.4%	24.9%	27.2%	34.9%	35.1%	36.7%
EBIT margin %	—	33.5%	26.8%	24.4%	26.6%	34.3%	34.5%	36%
PAT margin %	31.8%	5.2%	5.7%	7.5%	17.6%	10%	8.4%	8.5%
Working capital
Receivable days	97	10	8	11	—	—	—	—
Inventory days	—	—	—	—	0	0	0	0
Payable days	—	0	0	1	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	9.71	9.97	10.49	11.33	9.1	9.79	10.72
Debt to equity	5.92	4.42	3.83	3.75	4.15	4.08	4.59	5.2
Interest coverage	—	1.2	1.3	1.6	2.1	1.6	1.5	1.4
Asset turnover	0.01	0.15	0.15	0.16	0.15	0.15	0.15	0.14
Return ratios
Return on assets %	0.4%	0.8%	0.9%	1.2%	2.7%	1.5%	1.2%	1.2%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	4.7%	6.9%	8%	10.7%	23.8%	12.8%	11.2%	11.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.99%	68.98%	68.96%	68.89%	68.9%	68.86%	68.85%	68.76%	68.7%	68.58%	68.51%	68.81%
	11.28%	10.62%	11.79%	11%	11.05%	9.22%	8.8%	7.16%	6.78%	5.83%	7.7%	8.6%
	8.24%	8.38%	7.55%	8.13%	8.46%	9.52%	9.78%	12.06%	12.83%	14.67%	13.7%	13.37%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.12%	0.11%
	11.49%	12.02%	11.7%	11.98%	11.59%	12.4%	12.57%	12.02%	11.69%	10.92%	9.97%	9.11%
No. of shareholders	—	—	—	—	—	—	—	—	5,61,046	5,46,470	5,22,128	5,13,052

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹380.6 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹383.0	+0.1	+0%	₹383.0	13,092	+88	1,122	3100
23 Nov 2026	₹385.2	+0.1	+0%	₹385.2	146	+15	58	3100
29 Dec 2026	₹387.2	+3.5	+0.9%	₹387.2	6	+6	9	3100

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

103

across 19 fund houses

Held by these funds

3.12%

of the company's equity

All mutual funds

6.41%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

103 schemes · 19 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	5.1 Cr	2,087.94	4.87%	1.865%	-5 L
Arbitrage FundNEW	SBI Mutual Fund	38.19 L	156.36	0.33%	0.14%	—
MultiCap Fund	SBI Mutual Fund	30 L	122.82	0.5%	0.11%	-0
Banking And Financial Services Fund	SBI Mutual Fund	27.07 L	110.82	1.02%	0.099%	-0
MF LARGE & MID CAP FUND	LIC Mutual Fund	23.61 L	96.68	3.02%	0.086%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	19.41 L	79.45	2.28%	0.071%	-12,400
Banking & Financial Services Fund	DSP Mutual Fund	19.37 L	79.32	3.63%	0.071%	-0
Mid Cap FundNEW	Helios Mutual Fund	13.17 L	53.91	2.42%	0.048%	—

1–8 of 103

1 / 13

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results31 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

53 announcementsExport CSV

1 Oct 2026, 5:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	—	34.1%	27.4%	24.9%	27.2%	34.9%	35.1%	36.7%
EBIT margin %	—	33.5%	26.8%	24.4%	26.6%	34.3%	34.5%	36%
PAT margin %	31.8%	5.2%	5.7%	7.5%	17.6%	10%	8.4%	8.5%
Working capital
Receivable days	97	10	8	11	—	—	—	—
Inventory days	—	—	—	—	0	0	0	0
Payable days	—	0	0	1	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	9.71	9.97	10.49	11.33	9.1	9.79	10.72
Debt to equity	5.92	4.42	3.83	3.75	4.15	4.08	4.59	5.2
Interest coverage	—	1.2	1.3	1.6	2.1	1.6	1.5	1.4
Asset turnover	0.01	0.15	0.15	0.16	0.15	0.15	0.15	0.14
Return ratios
Return on assets %	0.4%	0.8%	0.9%	1.2%	2.7%	1.5%	1.2%	1.2%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	4.7%	6.9%	8%	10.7%	23.8%	12.8%	11.2%	11.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

108 deals · 19 Sept 2022 – 27 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	3,06,09,786	₹344.50	₹1,054.51 Cr
27 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	976	₹345.27	₹0.03 Cr
4 Feb 2026	SOCIETE GENERALE	Block	BSE	Sell	20,91,000	₹344.00	₹71.93 Cr
4 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Block	BSE	Buy	20,91,000	₹344.00	₹71.93 Cr
28 Oct 2025	JOMEI INVESTMENTS LIMITED	Block	NSE	Sell	2,66,00,000	₹308.00	₹819.28 Cr
28 Oct 2025	JOMEI INVESTMENTS LIMITED	Bulk	BSE	Sell	2,66,00,000	₹308.00	₹819.28 Cr
28 Oct 2025	JOMEI INVESTMENTS LIMITED	Bulk	NSE	Sell	2,66,00,000	₹308.00	₹819.28 Cr
28 Oct 2025	JOMEI INVESTMENTS LIMITED	Block	BSE	Sell	48,70,129	₹308.00	₹150.00 Cr
28 Oct 2025	NATIONAL PENSION SYSTEM (NPS) TRUST	Block	BSE	Buy	48,70,129	₹308.00	₹150.00 Cr
28 Oct 2025	SOCIETE GENERALE	Block	BSE	Buy	45,67,069	₹308.00	₹140.67 Cr

1–10 of 108

1 / 11

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

29

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	320	₹0.0	0	0	0
6	0	0	₹52.8	330	₹0.5	5	+4	7
1	0	0	₹50.3	340	₹1.0	21	+5	106
0	0	0	₹0.0	345	₹1.2	2	+2	5
0	0	0	₹0.0	350	₹1.9	63	-2	121
0	0	0	₹0.0	355	₹0.0	0	0	0
12	0	0	₹27.0	360	₹3.2	61	+2	158
0	0	0	₹0.0	365	₹4.4	34	+10	34

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
1 Oct 2026, 5:37 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
30 Sept 2026, 6:15 pm	Company Update General	Letter To Shareholders For KYC Updation	PDF
29 Sept 2026, 5:48 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
28 Sept 2026, 5:08 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
22 Sept 2026, 7:10 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
18 Sept 2026, 8:24 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
17 Sept 2026, 6:21 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 6:00 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	57	-10,256	4,271	-308	-5,070	-24,053	-24,101	-27,935	-36,544
	-1,974	-867	-690	-3,070	2,429	-1,446	-2,650	-4,590	935	-3,544
	1,970	810	10,852	875	-2,581	5,836	26,385	28,514	29,777	38,161
Net cash flow	-1	-1	—	—	-459	-679	-318	-176	2,776	-1,927
Free cash flow	-4	50	—	—	-458	-5,249	-24,299	-24,503	-28,392	-36,938
CFO / Operating profit %	0.1%	1.4%	—	74.5%	-5.8%	-91.6%	-323.1%	-200.3%	-196.3%	-218.9%

Aditya Birla Capital Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

1

Announcements

1

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

29

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Asset Management · revenue

Aditya Birla Capital Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Announcements

Quarterly record

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Bulk & block deals

Board and management

Option chain29

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Asset Management · revenue

3

1

1

3

29