NSE: ABSLAMC · BSE: 543374
ADIT BIRL SUN LIF AMC LTD
Aditya Birla Sun Life AMC runs an asset management business, charging management fees on assets held across mutual funds, portfolio management services (PMS), alternative investment funds (AIF) and passive/ETF products for Indian retail and institutional clients. Closing total AUM crossed ₹10 lakh crore in Q1 FY27, supported by a ₹6.08 lakh crore EPFO mandate; overall average AUM was ₹6.28 lakh crore (up 42% YoY). The mutual fund book had quarterly average AUM of ₹4.28 lakh crore, with equity QAAUM of ₹1.99 lakh crore (equity mix 46.5%), while PMS and AIF AUM together reached about ₹2 lakh crore and passive/ETF AUM was around ₹40,000 crore (ETF AUM up 47% YoY). After the April 2026 TER reset, fee yields disclosed are equity 63–64 bps, debt 24–25 bps, liquid 12–13 bps and ETF about 8 bps. Q1 FY27 revenue was ₹625 cr (+11% YoY) on PAT of ₹309 cr (+12% YoY); FY26 revenue was ₹1,845.03 cr. The investor base spans 1.11 crore mutual fund folios plus institutional mandates (EPFO, ESIC), serviced through 310+ branches and 1,638 employees. Employee cost is the largest operating expense at 21.5% of revenue, with other operating expenses at 15.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Equity mutual funds, Debt mutual funds, Liquid mutual funds, Hybrid/balanced funds, Passive / ETFs and index funds, PMS and AIF. Asset-light, fee-based asset management with operating leverage tied to AUM and fee yields (bps).
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,293 | 1,227 | 1,353 | 1,685 | 1,845 |
| EBITDA (ex other income) | 820 | 705 | 761 | 989 | 1,102 |
| margin % | 63.4 | 57.5 | 56.2 | 58.7 | 59.7 |
| Owners' profit | 673 | 596 | 780 | 931 | 975 |
| EPS, as reported (₹) | 23.36 | 20.71 | 27.09 | 32.26 | 33.76 |
| ROE % · ROCE % | 30.6 · — | 23.7 · — | 24.6 · — | 25.0 · — | 24.1 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 563 | 437 | 685 | 708 | 812 |
| Capex | (16) | (19) | (31) | (31) | (47) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 424 | 445 | 429 | 447 | 461 | 478 | 458 | 463 |
| Profit before tax | 335 | 300 | 305 | 372 | 316 | 358 | 219 | 406 |
| Net profit | 242 | 224 | 228 | 277 | 241 | 270 | 187 | 309 |
| EPS (₹) | 8.41 | 7.78 | 7.91 | 9.60 | 8.36 | 9.33 | 6.48 | 10.72 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ICICI PRUDENTIAL AMC LTD | 1,38,936 | 52.5 | 33.31 | — | 79.1 | — | — | 84.0 |
| HDFC AMC LIMITED | 97,207 | 26.5 | 10.53 | — | 31.0 | — | — | 101.2 |
| NIPPON L I A M LTD | 60,286 | 36.7 | 12.94 | — | 32.8 | — | 20.6 | 88.4 |
| ADIT BIRL SUN LIF AMC LTD ◆ | 25,507 | 25.3 | 6.31 | — | 24.1 | — | — | 90.7 |
| UTI ASSET MNGMT CO LTD | 10,420 | 22.6 | 2.31 | — | 10.5 | — | 7.8 | 65.9 |
| CANARA ROBECO AMC LIMITED | 4,114 | 14.7 | 5.52 | — | 27.3 | 35.9 | — | 88.2 |
| SHRIRAM ASSET MANAGEMENT CO.LT | 436 | — | 2.86 | — | (13.3) | — | — | (370.7) |
| IL&FS INVESTMENT MANAGERS | 236 | 47.0 | 1.12 | — | 2.3 | — | 3.5 | 36.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.3 | 26.5 | 3 of 7 | 67% |
| P/B | 6.3 | 5.9 | 5 of 8 | 43% |
| ROE | 24.1 | 25.7 | 5 of 8 | 43% |
| EBITDA margin | 90.7 | 86.1 | 2 of 8 | 86% |
| Revenue growth | 3.5 | 20.0 | 6 of 6 | 0% |
| Profit growth | 11.7 | 13.9 | 5 of 6 | 20% |
| Market cap | 25507 | 17964 | 4 of 8 | 57% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Q2 and H1 FY27: revenue up, quarterly profit down | investor communications | medium | — | — |
| 22 Oct 2026 · Newspaper notice published for September 2026 quarter results | compliance | minimal | — | — |
| 21 Oct 2026 · Earnings call audio for September 2026 quarter and half year | investor communications | low | — | — |
| 21 Oct 2026 · Q2 FY27 results: PAT down 8% YoY at Rs 2.2 bn, AUM up 140% | investor communications | medium | — | — |
| 21 Oct 2026 · ABSLAMC Q2 FY27 results: standalone PAT Rs 224 cr, revenue Rs 476 cr | results | high | — | — |
| 21 Oct 2026 · ABSLAMC Q2 FY27 results: PAT at Rs 224.21 cr, revenue at Rs 476.19 cr | results | high | — | — |
| 19 Oct 2026 · ABSL AMC grants 5.68 lakh Performance Stock Units under ESOP 2025 | capital market events | low | — | — |
| 16 Oct 2026 · Allotment of 34,106 shares under ESOP Scheme 2021 | capital market events | low | — | — |
| 13 Oct 2026 · Earnings call on Oct 21 for Q2 and H1 FY27 results | board shareholder meetings | low | — | — |
| 13 Oct 2026 · Board meeting on Oct 21, 2026 to consider Q2 FY26 results | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.