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Aditya Birla Capital

BSE:540691
Snowflake Description

High growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540691
BSE
₹209B
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

Aditya Birla Capital Limited provides various financial products and services in India. The last earnings update was 19 days ago. More info.


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540691 Share Price and Events
7 Day Returns
4.4%
BSE:540691
5.1%
IN Diversified Financial
4.3%
IN Market
1 Year Returns
-32.6%
BSE:540691
-6.8%
IN Diversified Financial
0.3%
IN Market
540691 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aditya Birla Capital (540691) 4.4% -2.8% 10.1% -32.6% - -
IN Diversified Financial 5.1% -4.8% 3.8% -6.8% 40.8% -7.6%
IN Market 4.3% -1.1% 6.7% 0.3% 36.5% 45.2%
1 Year Return vs Industry and Market
  • 540691 underperformed the Diversified Financial industry which returned -6.8% over the past year.
  • 540691 underperformed the Market in India which returned 0.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

540691 Value

 Is Aditya Birla Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aditya Birla Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aditya Birla Capital.

BSE:540691 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= ₹56.85 * 11.9%
₹6.78
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. ₹56.85
Discount Rate (Cost of Equity) See below 21.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540691
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 35%) (263.63%))
1.593
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.593 * 8.6%)
21.25%

Discounted Cash Flow Calculation for BSE:540691 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aditya Birla Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:540691 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.9% – 21.25%) * ₹56.85)
₹-5.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-5.30 / (21.25% - 7.55%)
₹-38.67
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹56.85 + ₹-38.67
₹18.17
BSE:540691 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹18.17
Current discount Discount to share price of ₹95.70
= -1 x (₹95.70 - ₹18.17) / ₹18.17
-426.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aditya Birla Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aditya Birla Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aditya Birla Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540691 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹3.96
BSE:540691 Share Price ** BSE (2019-05-23) in INR ₹95.7
India Diversified Financial Industry PE Ratio Median Figure of 96 Publicly-Listed Diversified Financial Companies 16.49x
India Market PE Ratio Median Figure of 2,766 Publicly-Listed Companies 15.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aditya Birla Capital.

BSE:540691 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540691 Share Price ÷ EPS (both in INR)

= 95.7 ÷ 3.96

24.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Capital is overvalued based on earnings compared to the IN Diversified Financial industry average.
  • Aditya Birla Capital is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Aditya Birla Capital's expected growth come at a high price?
Raw Data
BSE:540691 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
33.2%per year
India Diversified Financial Industry PEG Ratio Median Figure of 7 Publicly-Listed Diversified Financial Companies 0.5x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

BSE:540691 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.17x ÷ 33.2%

0.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aditya Birla Capital's assets?
Raw Data
BSE:540691 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹43.07
BSE:540691 Share Price * BSE (2019-05-23) in INR ₹95.7
India Diversified Financial Industry PB Ratio Median Figure of 141 Publicly-Listed Diversified Financial Companies 0.64x
India Market PB Ratio Median Figure of 3,639 Publicly-Listed Companies 1.04x
BSE:540691 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540691 Share Price ÷ Book Value per Share (both in INR)

= 95.7 ÷ 43.07

2.22x

* Primary Listing of Aditya Birla Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Capital is overvalued based on assets compared to the IN Diversified Financial industry average.
X
Value checks
We assess Aditya Birla Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Aditya Birla Capital has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540691 Future Performance

 How is Aditya Birla Capital expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aditya Birla Capital expected to grow at an attractive rate?
  • Aditya Birla Capital's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Aditya Birla Capital's earnings growth is expected to exceed the India market average.
  • Aditya Birla Capital's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:540691 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540691 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 33.2%
BSE:540691 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 24.5%
India Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
India Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 18.4%
India Market Earnings Growth Rate Market Cap Weighted Average 17.1%
India Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540691 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540691 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31 192,812 16,991 3
2020-03-31 179,607 11,655 2
BSE:540691 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 110,629 8,709
2018-12-31 123,047 8,997
2018-09-30 117,598 8,383
2018-06-30 111,233 8,682
2018-03-31 106,111 -111,018 8,243
2017-12-31 87,811 7,244
2017-09-30 68,935 6,838
2017-06-30 50,715 5,925
2017-03-31 35,846 -75,696 5,290

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aditya Birla Capital's earnings are expected to grow significantly at over 20% yearly.
  • Aditya Birla Capital's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540691 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Aditya Birla Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540691 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 7.23 7.72 6.75 2.00
2020-03-31 5.54 5.79 5.29 2.00
BSE:540691 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 3.96
2018-12-31 4.08
2018-09-30 3.81
2018-06-30 3.96
2018-03-31 4.22
2017-12-31 4.45
2017-09-30 5.33
2017-06-30 6.29
2017-03-31 6.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aditya Birla Capital is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aditya Birla Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aditya Birla Capital has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540691 Past Performance

  How has Aditya Birla Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aditya Birla Capital's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aditya Birla Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • Aditya Birla Capital's 1-year earnings growth is less than its 5-year average (5.7% vs 26.5%)
  • Aditya Birla Capital's earnings growth has not exceeded the IN Diversified Financial industry average in the past year (5.7% vs 8%).
Earnings and Revenue History
Aditya Birla Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aditya Birla Capital Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540691 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 110,629.10 8,709.40 7,884.50
2018-12-31 123,047.30 8,997.40 21,655.40
2018-09-30 117,598.00 8,383.10 20,995.10
2018-06-30 111,233.20 8,682.30 20,009.40
2018-03-31 106,110.60 8,242.50 18,891.10
2017-12-31 87,810.80 7,243.80 15,587.80
2017-09-30 68,935.30 6,837.80 13,220.40
2017-06-30 50,714.90 5,924.60 11,320.90
2017-03-31 35,845.70 5,290.30 9,141.50
2016-03-31 20,385.70 3,795.60 6,571.00
2015-03-31 16,024.30 2,391.60 5,390.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aditya Birla Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aditya Birla Capital used its assets less efficiently than the IN Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Aditya Birla Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Aditya Birla Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aditya Birla Capital has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540691 Health

 How is Aditya Birla Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aditya Birla Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aditya Birla Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aditya Birla Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aditya Birla Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aditya Birla Capital Company Filings, last reported 1 month ago.

BSE:540691 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 106,697.80 552,208.70 10,859.50
2018-12-31 100,416.30 508,546.80 6,816.40
2018-09-30 100,416.30 508,546.80 6,816.40
2018-06-30 102,472.70 446,093.30 10,901.20
2018-03-31 102,472.70 446,093.30 10,901.20
2017-12-31 98,348.40 346,720.70 5,741.70
2017-09-30 98,348.40 346,720.70 5,741.70
2017-06-30 85,619.00 334,653.30 8,037.00
2017-03-31 85,619.90 335,803.70 8,037.00
2016-03-31 52,252.00 236,608.80 1,137.00
2015-03-31 37,048.40 150,445.80 7,484.60
  • Aditya Birla Capital's level of debt (517.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Aditya Birla Capital's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Aditya Birla Capital's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Aditya Birla Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aditya Birla Capital has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540691 Dividends

 What is Aditya Birla Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aditya Birla Capital dividends. Estimated to be 0% next year.
If you bought ₹2,000 of Aditya Birla Capital shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aditya Birla Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aditya Birla Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540691 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
India Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 4%
India Market Average Dividend Yield Market Cap Weighted Average of 1409 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540691 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 0.00 3.00
2020-03-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aditya Birla Capital has not reported any payouts.
  • Unable to verify if Aditya Birla Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aditya Birla Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aditya Birla Capital has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Aditya Birla Capital's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Aditya Birla Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aditya Birla Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aditya Birla Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540691 Management

 What is the CEO of Aditya Birla Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ajay Srinivasan
COMPENSATION ₹316,800,000
AGE 55
TENURE AS CEO 11.8 years
CEO Bio

Mr. Ajay Srinivasan has been the Chief Executive Officer of Aditya Birla Capital Limited since July 2007. Mr. Srinivasan serves as Chief Executive Officer of Financial Services at Grasim Industries Limited. Mr. Srinivasan serves as Director of Financial Services of Aditya Birla Management Corporation Pvt. Ltd. Mr. Srinivasan serves as the Business Head of Financial Services and Chief Executive Officer of Aditya Birla Financial Services at Aditya Birla Nuvo Limited. Mr. Srinivasan has been the Chief Executive of Financial Services - Aditya Birla Group of Aditya Birla Money Limited since July 2007. Mr. Srinivasan has been the Chief Executive of Financial Services and Director of Corporate Strategy & Business Development for Aditya Birla Management Corporation Ltd., since July 16, 2007. He sets the vision and provides strategic direction and leadership for the Group's financial services business, which covers several verticals such as life insurance, fund management, private equity, wealth management, retail broking, capital markets based lending, corporate financing and general insurance broking. Prior to joining the Aditya Birla Group, Mr. Srinivasan served as the Managing Director of Birla Sun Life Insurance Co Ltd. of Aditya Birla Nuvo Limited. Mr. Srinivasan served as the Chief Executive Officer of Fund Management at Prudential Corporation Asia Limited (Also called as Prudential Corporation Asia) from January 2001 to July 2007. He joined Prudential in 1998 as the Managing Director of Prudential ICICI Asset Management Company, Prudential's Indian fund management joint venture with ICICI Bank. He oversaw a business that spanned ten markets, including Japan. Prior to joining Prudential, he was the Deputy Chief Executive Officer and Chief Investment Officer of the Indian operations of Thread needle Asset Management. He serves as a Director of Aditya Birla Finance Limited. He has been a Director at Aditya Birla Management Corporation Ltd., since July 16, 2007 and serves as a Non-Executive Director of Aditya Birla Sun Life Insurance Company Limited. He serves as a Director of ICICI Prudential Asset Management Company Limited. He serves as a Director of Prudential Asset Management (Singapore) Limited and Prudential Assurance Malaysia Berhad. He serves as an Associate Director of Aditya Birla Sun Life AMC Limited and Aditya Birla Housing Finance Limited. As a member of Prudential Corporation Asia's Board of Directors, Mr. Srinivasan also oversaw the development of Prudential's retirement business in Asia. He served as a Director of Eastspring Investments (Singapore) Limited. He served as Senior Advisor at IndusAge Partners. Mr. Srinivasan's experience in the financial services industry spans over two decades. Mr. Srinivasan holds an MBA from IIM, Ahmedabad and B.A with Honours in Economics from St. Stephens College.

CEO Compensation
  • Insufficient data for Ajay to compare compensation growth.
  • Ajay's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Aditya Birla Capital management team in years:

5.3
Average Tenure
  • The average tenure for the Aditya Birla Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ajay Srinivasan

TITLE
Chief Executive Officer
COMPENSATION
₹317M
AGE
55
TENURE
11.8 yrs

Pinky Mehta

TITLE
Chief Financial Officer
AGE
51
TENURE
1.8 yrs

Sailesh Daga

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹7M

Mukesh Malik

TITLE
Chief Operating Officer

Anantha Dhananjaya

TITLE
Chief Compliance & Risk Officer

Ajay Kakar

TITLE
Chief Marketing Officer

Subhro Bhaduri

TITLE
Chief Human Resource Officer
TENURE
5.3 yrs

Gaurav Zutshi

TITLE
Chief Digital Officer

Pramo Selvaratnam

TITLE
President of Strategy & Business Development

Poonam Thakkar

TITLE
Head of Analytics & Digital Communications L&D
Board of Directors Tenure

Average tenure and age of the Aditya Birla Capital board of directors in years:

1.9
Average Tenure
63
Average Age
  • The average tenure for the Aditya Birla Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kumar Birla

TITLE
Chairman
AGE
51

Arun Adhikari

TITLE
Independent Director
COMPENSATION
₹190K
AGE
64
TENURE
1.9 yrs

Hayagreeva Puranam

TITLE
Independent Director
COMPENSATION
₹465K
AGE
67
TENURE
1.9 yrs

Vijayalakshmi Iyer

TITLE
Independent Director
COMPENSATION
₹465K
AGE
63
TENURE
1.9 yrs

Subhash Bhargava

TITLE
Independent Director
COMPENSATION
₹750K
AGE
73
TENURE
2.7 yrs

Santrupt Misra

TITLE
Non-Executive Director
AGE
52
TENURE
1.6 yrs

Sushil Agarwal

TITLE
Non-Executive Director
AGE
55
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
03. Oct 18 Buy Pilani Investment and Industries Corporation Limited Company 28. Sep 18 28. Sep 18 1,677,965 ₹115.29 ₹193,444,857
22. Jun 18 Sell Krishna Maheshwari Individual 21. Jun 18 21. Jun 18 -10,000 ₹140.82 ₹-1,408,158
21. Jun 18 Sell Krishna Maheshwari Individual 20. Jun 18 20. Jun 18 -20,000 ₹140.19 ₹-2,803,800
X
Management checks
We assess Aditya Birla Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aditya Birla Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540691 News

Simply Wall St News

540691 Company Info

Description

Aditya Birla Capital Limited provides various financial products and services in India. It offers life insurance products, such as protection, wealth and protection, children’s future, health, retirement, and savings and protection insurance; health; wellness; motor, personal accident cover, and third party legal liability; and travel insurance products. The company also provides financing solutions, such as home loans, loans against property, personal loans, construction loans, lease rental discounting, and commercial property loans; lines of credit, business loans, working capital loans, and supply chain financing solutions for micro, small, and medium enterprises; and loans against shares, mutual funds, and life insurance policy, as well as ESOP and IPO financing, and promoter and margin trade funding services. In addition, it provides financial advisory services; and investment services, such as mutual funds, pension funds, stocks and securities, real estate investment, wealth management, and portfolio management services. Further, the company offers financial and IT enabled services, stock broking, depository services, portfolio management services, research analyst, insurance repository services, mutual fund distribution, commodities broking, asset management, and trustee services. Additionally, it operates MyUniverse.co.in, an online money management platform; and MoneyForLife Planner, an online tool that offers protecting, investing, and financing solutions. The company was formerly known as Aditya Birla Financial Services Limited and changed its name to Aditya Birla Capital Limited in June 2017. Aditya Birla Capital Limited was incorporated in 2007 and is based in Mumbai, India.

Details
Name: Aditya Birla Capital Limited
540691
Exchange: BSE
Founded: 2007
₹209,464,601,473
2,201,414,624
Website: http://www.adityabirlacapital.com
Address: Aditya Birla Capital Limited
One Indiabulls Centre,
18th Floor,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540691 Equity Shares Mumbai Stock Exchange IN INR 01. Sep 2017
NSEI ABCAPITAL Equity Shares National Stock Exchange of India IN INR 01. Sep 2017
BDL 165610997 SPON GDR EACH REP 1 ORD SHS Bourse de Luxembourg LU USD 28. Sep 2017
Number of employees
Current staff
Staff numbers
18,000
Aditya Birla Capital employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 13:04
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/05/04
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.