Birla Corporation Limited

BSE:500335 Stock Report

Market Cap: ₹75.6b

Birla Management

Management criteria checks 2/4

Birla's CEO is Sandip Ghose, appointed in Jan 2023, has a tenure of 3.5 years. total yearly compensation is ₹62.75M, comprised of 27.9% salary and 72.1% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth ₹491.40K. The average tenure of the management team and the board of directors is 3.7 years and 3 years respectively.

Key information

Sandip Ghose

Chief executive officer

₹62.8m

Total compensation

CEO salary percentage27.89%
CEO tenure3.5yrs
CEO ownership0.0006%
Management average tenure3.7yrs
Board average tenure3yrs

Recent management updates

Recent updates

Narrative Update • Jun 16

500335: Upcoming Dividend And AGM Timeline Will Support Long Term Undervalued Thesis

Analysts have slightly increased Birla's fair value estimate from ₹1,274.23 to ₹1,275.77, reflecting modest adjustments to assumptions related to the discount rate, revenue growth, profit margin, and future P/E. What's in the News The board of directors has recommended a dividend of ₹12.50 per share (125%) on 77,005,347 ordinary shares for the Financial Year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting, according to a board decision dated May 9, 2026.
Narrative Update • Jun 01

500335: Upcoming Dividend And Results Meeting Will Support Long Term Undervalued Thesis

Analysts have nudged their price target for Birla higher from about ₹1,264.92 to roughly ₹1,274.23, reflecting updated assumptions that include revised discount rates, revenue growth, profit margins, and a different future P/E outlook. What's in the News The board of Birla Corporation Limited recommended a dividend of ₹12.50 per share (125%) on 77,005,347 ordinary shares for the financial year 2025-26.
New Narrative • Apr 28

Premium Trade Focus And Capacity Expansion Will Drive Strong Long Term Cement Upside

Catalysts About Birla Birla Corporation is a cement producer with a focus on trade led, brand driven sales across central, northern, eastern and western India. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 26

500335: Upcoming Results Meeting Will Highlight Revised Metrics Supporting Long Term Undervalued Thesis

Analysts have adjusted their price target on Birla from ₹1,299.50 to ₹1,264.92, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Valuation Changes Fair Value: Adjusted from ₹1,299.50 to ₹1,264.92, representing a modest reduction in the estimated share value.
New Narrative • Apr 12

Capacity Constraints And Clinker Risks Will Shape Future Earnings Potential Positively

Catalysts About Birla Birla Corporation is a cement producer focused on trade centric, blended and premium cement sales across Central, North, East and Maharashtra markets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 08

500335: Upcoming Results Meeting Will Reinforce Long Term Undervalued Thesis

The analyst price target for Birla has been adjusted slightly lower from ₹1,317.83 to ₹1,299.50, as analysts factor in modest tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions while keeping the overall thesis largely intact for investors watching valuation inputs. What's in the News Birla has scheduled a Board Meeting for Jan 31, 2026 to consider and approve the Standalone Unaudited Financial Results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
Narrative Update • Mar 25

500335: Upcoming Results Review Will Support Long Term Undervalued Thesis

Analysts have trimmed their price target for Birla from about ₹1,340 to roughly ₹1,320, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions in their models. What's in the News Birla has scheduled a Board Meeting for January 31, 2026 to review and consider the Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Mar 10

500335: Upcoming Board Meeting Will Support Long Term Undervalued Thesis

Analysts have adjusted their price target for Birla to ₹1,339.54 from ₹1,339.54, reflecting updated views on the discount rate and future P/E assumptions while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Birla has scheduled a board meeting on 31 Jan 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended 31 Dec 2025 (company filing).
Narrative Update • Feb 23

500335: Upcoming Board Meeting Will Reinforce Long Term Undervalued Opportunity

Analysts have nudged their price target on Birla broadly in line with updated inputs on discount rate, revenue growth, profit margin and future P/E, leaving fair value steady at ₹1,339.54 while fine tuning the assumptions behind it. What's in the News Board meeting scheduled on Jan 31, 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Feb 09

500335: Upcoming Results Will Create Attractive Long Term Entry Opportunity

Analysts have lowered their fair value estimate for Birla from ₹1,487.31 to ₹1,339.54. This change reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E that indicate a more measured outlook on the stock.
Narrative Update • Jan 26

500335: Upcoming Results And New Articles Will Create Long Term Entry Opportunity

Analysts have trimmed their fair value estimate for Birla from ₹1,508.08 to ₹1,487.31, as small changes in discount rate, revenue growth, profit margin and future P/E assumptions feed through to a slightly lower price target. What's in the News Board meeting scheduled on Jan 31, 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Jan 11

500335: Higher Discount Rate Will Create Long Term Entry Opportunity

Analysts have trimmed their price target on Birla to ₹1,508 from about ₹1,595, citing updated assumptions that include a higher discount rate, softer revenue growth and profit margin expectations, and a lower future P/E multiple. What's in the News Shareholders approved a new set of Articles of Association at Birla Corporation Limited's 105th Annual General Meeting held on 22 December 2025, indicating an update to the company's governing bylaws (Key Developments).
Narrative Update • Sep 05

Capacity Expansion And Sustainability Investments Will Shape Indian Infrastructure

Birla’s future P/E has risen sharply, indicating increased valuation expectations despite stable discount rates, while the consensus analyst price target remains unchanged at ₹1595. What's in the News Birla Corporation Limited will hold a board meeting to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025.
User avatar
New Narrative • Feb 09

Mukutban Plant Profitability And Premium Strategy Will Fuel Future Success

Successful capacity and efficiency improvements position the company for revenue and earnings growth, leveraging the Mukutban plant as a key driver.

CEO Compensation Analysis

How has Sandip Ghose's remuneration changed compared to Birla's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹6b

Dec 31 2025n/an/a

₹5b

Sep 30 2025n/an/a

₹5b

Jun 30 2025n/an/a

₹4b

Mar 31 2025₹63m₹18m

₹3b

Dec 31 2024n/an/a

₹2b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹4b

Mar 31 2024₹56m₹17m

₹4b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹2b

Jun 30 2023n/an/a

₹383m

Mar 31 2023₹19m₹6m

₹405m

Compensation vs Market: Sandip's total compensation ($USD658.88K) is above average for companies of similar size in the Indian market ($USD387.35K).

Compensation vs Earnings: Sandip's compensation has been consistent with company performance over the past year.

CEO

Sandip Ghose (66 yo)

3.5yrs
Tenure
₹62,750,000
Compensation

Shri Sandip Ranjan Ghose serves as Additional Whole Time Director at Birla Corporation Limited since December 01, 2022 and serves as its Managing Director & Chief Executive Officer since January 01, 2023....

Leadership Team

NamePositionTenureCompensationOwnership
Sandip Ghose
MD, CEO & Director3.5yrs₹62.75m0.00065%
₹ 491.4k
Manoj Mehta
Company Secretary5.6yrsno datano data
Aditya Saraogi
Group Chief Financial Officer2.2yrs₹14.50mno data
Himanshu Gupta
Chief Information Officer1.8yrsno datano data
Kalidas Pramanik
Chief Marketing Officer2.2yrsno datano data
Rajesh Kakkar
President of Head Corporate HR3.4yrsno datano data
P. Paliwal
Joint President of Durgapur Cement Works & Durga Hitech Cement7.5yrsno datano data
Prahlad Choudhary
President Maihar Unit7.5yrsno datano data
Sunil Sood
President of Satna Cement Works4.5yrsno datano data
Devesh Mishra
President of Birla Cement Works & Chanderia Cement Works4.5yrsno datano data
Abhijit Dutta
Unit Head of Mukutban & Vice President of Mukutban Unitno datano datano data
Rajeev Bhalla
Unit Head of Birla Jute Mills3.7yrsno datano data
3.7yrs
Average Tenure
59.5yo
Average Age

Experienced Management: 500335's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Sandip Ghose
MD, CEO & Director3.6yrs₹62.75m0.00065%
₹ 491.4k
Anup Singh
Non-Executive Independent Director2.3yrs₹2.70m0.00065%
₹ 491.4k
Harsh Lodha
Non-Executive Chairman30.3yrs₹8.15m0.0016%
₹ 1.2m
Deepak Nayyar
Independent Non-Executive Director16.3yrs₹2.95mno data
Rajni Sibal
Non-Executive Independent Woman Director2.3yrs₹2.15m0.00065%
₹ 491.4k
Chitkala Zutshi
Non-Executive Independent Woman Director2.3yrs₹2.60m0.00065%
₹ 491.4k
Vikram Swarup
Independent Non-Executive Director22.3yrs₹3.10mno data
Rajeev Malhotra
Non-Executive Independent Director2.3yrs₹2.50m0.00065%
₹ 491.4k
3.0yrs
Average Tenure
72yo
Average Age

Experienced Board: 500335's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 22:18
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Birla Corporation Limited is covered by 23 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amit Srivastava360 ONE Capital Market Private Limited
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.