Whalesbook
Har Side Se Lagta Hai Paisa Aa Raha Hai!
Aditya Birla Capital ke liye ye quarter super hit raha. Unka Net Interest Income (NII) 27.4% badh kar ₹2,415 crore ho gaya. Unka NBFC business ka Assets Under Management (AUM) 27% badh kar ₹1.59 lakh crore ho gaya March tak. Overall lending portfolio 32% jump kar ke ₹2.07 lakh crore se upar pahunch gaya. .
Jabki company ke asset management, life insurance aur health insurance businesses ka total AUM 16% badh kar ₹5.91 lakh crore ho gaya. Life insurance mein pehle saal ki premiums 15% badhi hain, jo ₹4,725 crore hain. Health insurance mein toh 39% ka zabardast jump aaya hai, jisse premiums ₹6,855 crore ho gaye. Asset management company (AMC) business mein bhi 14% ka growth dekhne ko mila hai quarterly average AUM mein, jo ₹4.35 lakh crore ho gaya hai.
Future Ke Liye Funda Ready!
Isi growth ko support karne ke liye, Aditya Birla Capital ke board ne company ka total borrowing limit ₹1,65,000 crore se badha kar ₹2,00,000 crore (yaani ₹2 Lakh Crore) karne ka approval de diya hai. Shareholder approval milte hi yeh kaam ho jayega. Isse company ko future mein expansion aur new acquisitions ke liye full financial flexibility milegi. Fund raise karne ke liye company NCDs aur commercial papers jaise options use karegi.
Valuation Aur Competition Ka Scene Kya Hai?
Abhi Aditya Birla Capital (ABCAP) ka TTM Price-to-Earnings (P/E) ratio around 25.9 se 29.06 chal raha hai (April/May 2026 tak). Ye HDFC Bank aur ICICI Bank (jo 13x-17x pe hain) se thoda zyada hai, par Bajaj Finance (31.3x) ke aas paas hai. HDFC Life Insurance (81.5x) aur ICICI Prudential Life Insurance (69x) jaise insurers se toh yeh kaafi kam hai. Inke AMC business ka market share 8.5% hai, jo top 4 mein aata hai, par competition bhi zabardast hai.
Kuch Chinta Ke Bhi Baatein Hain
Itni achhi growth ke bawajood, company par thoda leverage ka pressure dikh raha hai. Kuch reports ke according, inka Debt-to-Equity ratio industry average se kaafi upar hai, kabhi kabhi 4.87 ya 459.8% tak bhi gaya hai. Jab company apna borrowing limit badha rahi hai, toh yeh figure thodi chinta jaga sakta hai.
Aur haan, May 2022 mein Aditya Birla Sun Life AMC mein kuch governance issues aur corruption, insider trading jaise allegations bhi aaye the. Company ne bola tha ki internal investigation mein kuch nahi mila, par aise purane allegations kabhi kabhi investor confidence ko affect karte hain. General insurance aur digital payments mein bhi company abhi leaders se peeche hai.