Top Page
Aditya Birla Capital Ltd.
(ABCAPITAL)
Aditya Birla Capital Ltd. (ABCAPITAL) vs. iShares MSCI India ETF (INDA)
Aditya Birla Capital Ltd. Business Overview & Revenue Model
Aditya Birla Capital Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 274.12B | 208.96B | 173.28B | 118.56B | 88.02B | 82.54B |
| Gross Profit | 133.88B | 111.84B | 96.97B | 71.23B | 53.12B | 43.23B |
| EBITDA | 133.43B | 149.12B | 124.38B | 106.20B | 60.11B | 57.00B |
| Net Income | 32.63B | 33.32B | 33.35B | 47.96B | 17.06B | 11.27B |
Balance Sheet | ||||||
| Total Assets | 3.02T | 2.79T | 2.32T | 1.81T | 1.41T | 1.25T |
| Cash, Cash Equivalents and Short-Term Investments | 64.57B | 60.03B | 158.67B | 139.33B | 139.37B | 129.11B |
| Total Debt | 1.57T | 1.39T | 1.10T | 847.26B | 584.14B | 530.33B |
| Total Liabilities | 2.68T | 2.47T | 2.03T | 1.59T | 1.24T | 1.10T |
| Stockholders Equity | 321.81B | 303.89B | 268.17B | 203.11B | 154.92B | 137.43B |
Cash Flow | ||||||
| Free Cash Flow | -151.47B | -283.92B | -245.03B | -242.74B | -52.49B | -4.58B |
| Operating Cash Flow | -149.81B | -279.35B | -241.00B | -240.29B | -50.70B | -3.08B |
| Investing Cash Flow | -14.25B | 9.35B | -45.90B | -26.50B | -14.46B | 24.29B |
| Financing Cash Flow | 165.54B | 297.78B | 285.14B | 263.85B | 58.36B | -25.81B |
Aditya Birla Capital Ltd. Technical Analysis
Aditya Birla Capital Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹524.85B | 34.69 | ― | 2.14% | 9.15% | 0.43% | |
72 Outperform | ₹914.85B | 37.02 | ― | 0.69% | 14.43% | 25.13% | |
70 Outperform | ₹631.32B | 9.68 | ― | 2.69% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | ₹813.19B | 24.77 | ― | ― | 7.07% | -13.03% | |
59 Neutral | ₹562.35B | 390.61 | ― | ― | -16.19% | -53.19% | |
55 Neutral | ₹844.65B | 61.88 | ― | 0.13% | -42.13% | 48.75% |
Aditya Birla Capital Ltd. Corporate Events
Aditya Birla Capital Limited has allotted 65,755 new equity shares with a face value of ₹10 each following the exercise of employee stock options and performance stock units under its 2017 and 2022 employee incentive schemes. The newly issued shares will rank pari passu with existing equity shares, ensuring equal rights and benefits for the recipients.
As a result of this allotment, the company’s paid-up equity share capital has risen slightly from ₹26,19,40,57,200 to ₹26,19,47,14,750, reflecting a marginal equity dilution for existing shareholders. The move underscores Aditya Birla Capital’s continued use of stock-based compensation to align employee incentives with shareholder interests and support long-term value creation.
Aditya Birla Capital Limited has allotted 42,581 equity shares of ₹10 each following the exercise of stock options and stock units granted under its 2017 and 2022 employee equity incentive schemes. These newly issued shares will rank pari passu with the existing equity shares in all respects, ensuring equal rights for the recipients.
As a result of this allotment, the company’s paid-up equity share capital will increase marginally from ₹26,19,36,31,390 to ₹26,19,40,57,200, reflecting an additional 42,581 shares outstanding. The move underscores the ongoing use of equity-based compensation to incentivize employees and slightly dilutes existing shareholders while aligning staff interests with long-term company performance.
Aditya Birla Capital Limited has announced a change in its senior management, with Chief Technology Officer Ramesh Narayanaswamy resigning from his role to pursue opportunities outside the company. His resignation was accepted with effect from the close of business on 28 February 2026, and the company has notified Indian and international exchanges and intermediaries in line with regulatory disclosure requirements.
The departure of the CTO marks a notable shift in the company’s technology leadership, an important function for a diversified financial services group increasingly reliant on digital platforms and data-driven operations. While no successor has been named in the disclosure, the transition may signal upcoming adjustments in the firm’s technology strategy, which will be closely watched by investors and other stakeholders given the centrality of digital innovation in financial services competitiveness.
Aditya Birla Capital Limited announced that a major tax dispute involving its material subsidiary, Aditya Birla Sun Life Insurance Limited, has been resolved in the subsidiary’s favor. Following earlier directions from the Income Tax Appellate Tribunal to re-examine the case, the Assessing Officer has now accepted the subsidiary’s claim and fully cancelled a tax demand of ₹464.81 crore for assessment year 2021-22.
The cancellation of this large tax demand removes a significant contingent liability for the group and reduces regulatory uncertainty around its life insurance business. This outcome is likely to have a positive impact on the company’s financial position and may improve investor confidence by clarifying the tax exposure associated with one of its key subsidiaries.
Aditya Birla Capital has announced that India Ratings & Research has assigned and affirmed the highest credit rating of IND AAA with a Stable outlook to various subordinate debt instruments of its material subsidiary, Aditya Birla Sun Life Insurance Company Limited. The action covers a newly rated Rs 500 crore yet-to-be-issued subordinate debt facility and existing listed subordinated debt aggregating Rs 1,000 crore, and underscores the insurer’s strong credit profile, which supports Aditya Birla Capital’s overall financial strength and enhances its standing in India’s life insurance and broader financial services market.
The reaffirmation and assignment of the top-tier rating are likely to lower funding costs for the life insurance subsidiary, provide flexibility for future capital raising, and signal robust solvency and risk management to investors and regulators. This development may further bolster stakeholder confidence in the group’s insurance operations and strengthen Aditya Birla Capital’s competitive positioning in the domestic insurance and capital markets.
Aditya Birla Capital Limited informed the exchanges that it participated in an analyst and institutional investor meeting on 25 February 2026 at the Chasing Growth Conference in Mumbai, engaging with a wide roster of global and domestic funds, insurers, pension managers, and asset management firms. The company noted that the investor presentation used in the meetings is available on its website and emphasized that no unpublished price-sensitive information was shared, underscoring its adherence to SEBI disclosure norms and transparent investor communication practices.
Aditya Birla Capital Limited has notified stock exchanges that it has published newspaper advertisements announcing a postal ballot notice, remote e-voting facility, and related shareholder information in national and regional dailies. The company has also made these advertisements available on its investor relations website, underscoring its compliance with disclosure regulations and commitment to transparent communication with shareholders and global depositary receipt stakeholders.
The communication, filed with Indian exchanges and copied to entities in Luxembourg and the U.S., signals that Aditya Birla Capital is formally initiating a shareholder approval process through postal ballot. This step reflects adherence to SEBI listing norms and cross-border listing obligations, and indicates ongoing corporate actions that require shareholder consent, potentially affecting governance decisions and interests of domestic and international investors.
Aditya Birla Capital Limited announced that CRISIL Ratings has assigned and reaffirmed the highest credit rating of CRISIL AAA/Stable to various subordinate debt instruments of its material subsidiary, Aditya Birla Sun Life Insurance Company Limited. The action covers a new Rs 500 crore yet-to-be-issued subordinated debt as well as existing issues totaling Rs 550 crore, underscoring the insurer’s strong credit profile and supporting its funding flexibility and market confidence.
The reaffirmation of top-tier ratings for the subsidiary’s subordinated debt is likely to bolster Aditya Birla Sun Life Insurance’s ability to raise capital on favorable terms and may enhance investor comfort in the group’s insurance business. This development further consolidates Aditya Birla Capital’s positioning in India’s financial services sector, signaling robust financial strength and risk management to stakeholders.
Aditya Birla Capital Limited has allotted 971,589 new equity shares following the exercise of employee stock options and performance stock units under its 2017 and 2022 employee incentive schemes. All newly issued shares carry the same rights as existing shares, marginally increasing the company’s paid-up equity share capital and resulting in a slight dilution for existing shareholders while reinforcing long-term employee alignment.
The allotment includes 47,397 shares under the 2017 stock option scheme and 924,192 shares under the 2022 stock option and performance stock unit scheme, with the issuance approved by the Stakeholders Relationship Committee. By continuing to use equity-based compensation, Aditya Birla Capital underscores its strategy of incentivising key talent and aligning management interests with shareholder value, a common practice in India’s financial services sector that may support retention and performance objectives over time.
Aditya Birla Capital Limited announced that ICRA has reaffirmed its top-tier credit ratings across a broad range of debt instruments and bank facilities, while also assigning a AAA (Stable) rating to a new Rs 25,000 crore non-convertible debenture issue. Existing non-convertible debentures, retail and unsecured NCDs, subordinated and perpetual debt programmes, commercial paper, and Rs 90,000 crore of bank lines have largely been reaffirmed at [ICRA]AAA (Stable) or [ICRA]A1+, underscoring the company’s strong credit profile and financial stability. The overall rated amount has increased to Rs 208,268.10 crore from Rs 184,163.10 crore, signaling robust access to capital markets and reinforcing the company’s standing as a highly rated issuer in India’s financial services industry, which may support its future funding flexibility and growth plans.
Aditya Birla Capital Limited has notified stock exchanges that the audio recording of its conference call discussing unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 is now available on its investor relations website. The disclosure, made under SEBI’s listing regulations, enhances transparency for shareholders and global investors by providing easier access to management’s commentary on the company’s recent financial performance.
Aditya Birla Capital Limited has allotted 116,888 new equity shares of ₹10 each following the exercise of employee stock options, restricted stock units, and performance stock units under its 2017 and 2022 employee incentive schemes, with all newly issued shares ranking pari passu with existing equity shares. As a result of this allotment, the company’s paid-up equity share capital has marginally increased from ₹26,17,48,74,890 to ₹26,17,60,43,770, reflecting a small equity dilution as part of its ongoing use of stock-based compensation to align employee interests with shareholder value.
Aditya Birla Capital Limited has invested Rs 40 crore in its wholly owned subsidiary Aditya Birla Capital Digital Limited through a rights issue, aimed at meeting the digital unit’s growth and funding requirements. The cash infusion, completed on 29 December 2025 with equity shares allotted on the same day, does not alter the parent’s 100% shareholding in the subsidiary and is structured as a related-party transaction conducted at arm’s length, underscoring the group’s ongoing commitment to expanding its digital financial services platform without changing its ownership structure.
Aditya Birla Capital Limited has allotted a total of 120,054 equity shares of ₹10 each following the exercise of employee stock options, restricted stock units, and performance stock units under its 2017 and 2022 employee incentive schemes. The new shares, which will rank pari passu with the existing equity capital, marginally increase the company’s paid-up equity share capital from ₹26,17,14,50,820 to ₹26,17,26,51,360, reflecting the firm’s continued use of equity-based compensation to align employees with shareholder interests and support long-term value creation.
Aditya Birla Capital Limited has announced the allotment of 1,375,753 equity shares under its stock option schemes, ABCL Scheme 2017 and ABCL Scheme 2022. This allotment has resulted in an increase in the company’s paid-up equity share capital, demonstrating its commitment to rewarding employees and strengthening its equity base, which could impact its market positioning positively.