Aditya Birla Sun Life AMC Share Price Target Forecast 2022, 2023, 2025, 2030

10 January, 2022

ICICI Securities recommends Aditya Birla Sun Life AMC with a target price of Rs 728.

Aditya Birla Sun Life AMC Ltd. got a buy call from ICICI Securities with a target price of Rs 728. Aditya Birla Sun Life AMC’s current market price is Rs 543.7. Aditya Birla Sun Life AMC Ltd. pricing can achieve specified objective in one year, according to expert.

Aditya Birla Sun Life AMC Ltd., founded in 1994, is a Small Valuation business in the Financial Services industry with a market cap of Rs 15649.92 crore.

Fees & Commission Income and Income From Sale Of Shares & Securities are two of Aditya Birla Sun Life AMC Ltd.’s primary products/revenue segments for the year ending 31-Mar-2020.

Financials

The firm reported a Standalone Total Income of Rs 364.60 Crore for the quarter ended September 30, 2021, up 11.08 percent from the previous quarter’s Total Income of Rs 328.23 Crore and up 27.43 percent from the same quarter last year’s Total Income of Rs 286.12 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 170.03 crore.

Reasons for Investing

The company’s strength is bolstered by Rs117 billion in alternative assets (as of September 21) and a broad distribution network that includes more than 100 banks, 240 national distributors, and 70 digital fintech partnerships. Between September 2016 and September 21, the CAGR for retail folios was 17.4 percent. Based on 30x FY23/24E core EPS (excluding effect of other income) of Rs19.2/22 and cash of Rs80/92 per share, the brokerage commences coverage with a BUY rating and a target price of Rs728.

FII Holdings/Promoter

As at 07-Oct-2021, promoters owned 86.5 percent of the firm, FIIs 2.98 percent, and DIIs 3.4 percent.

economictimes.com is the source for this information.


04 January, 2022

Aditya Birla Sun Life AMC receives the first ‘buy’ recommendation, while IIFL Sec sees a 34% gain.

Aditya Birla Sun Life AMC (ABSL AMC), which began trading on bourses in October 2021, received a ‘buy’ call from a brokerage on Tuesday, marking the first time the company has been covered by a brokerage. The stock is reasonably priced.

ABSL AMC, the country’s fourth largest mutual fund manager, is well positioned to capitalise on possibilities in India’s fast-growing and under-penetrated MF business, according to IIFL Securities’ analysis.

“The company is focusing on alternate assets to develop a supplementary income stream and is strengthening its retail brand to stop market-share erosion in the equities segment.” “The stock trades competitively following its recent fall and has the ability to re-rate,” IIFL Securities’ Devesh Agarwal said.

On the counter, IIFL Securities has given a 12-month price objective of Rs 720, which is slightly over the IPO issue price. On Tuesday, the stock finished at Rs 537 on the NSE, implying a potential upside of 34% from present levels.

The organisation handles mutual fund assets around Rs 3 lakh billion and has a 7.8% market share as of November 2021. It has a 40-60 equity-to-debt AUM split, compared to 55-45 for the industry. With a market share of 11.3 percent, the AMC is the industry leader in debt.

Analysts highlighted that the money manager is strengthening retail franchises and intends to be a significant player in alternative assets in reaction to falling market share on the equities side. They have a lot of potential, according to the corporation, which wants to grow them five times in five years.

Despite these ambitions, ABSL AMC’s stock has dropped 26% since its first public offering, owing to increased competition and worries about passive investment.

“Based on our base case profits growth expectation of 17% per year over FY21-24, the company now trades at 18x FY24 EPS, a discount to peers.” Given its long-term growth potential and revenue model that generates free cash flow, we believe the industry should trade at a higher price. ABSLACM is valued at 25 times FY24 EPS, according to Agarwal.

However, he cautioned that market-share patterns may have an influence on near-term stock performance.

economictimes.com is the source for this information.


29 November 2021

Centrum Broking expects potential in this freshly listed stock, which may soar over 70%.

Centrum has initiated coverage on Aditya Birla Sun Life AMC (ABSL AMC) with a Buy rating because the AMC space, as a fee-based capital-light model, looks appealing given its growth prospects, equity market buoyancy, and expanding investor base, andABSL AMC, as the fourth-largest player, could be a key beneficiary.

The brokerage’s Buy recommendation on the newly listed company, which debuted on the market last month, comes with a target price of $1,000 per share, meaning a predicted return or potential upside of more than 65 percent from its present level of 575. The investment manager of the Aditya Birla Sun Life Mutual Fund, Aditya Birla Sun Life AMC Ltd, is a joint venture between the Aditya Birla Group and Sun Life Financial Inc of Canada.

“With core RoAAuM at 17-20bp and core RoE at 35-40%, Aditya Birla Sun Life AMC has achieved exceptional operating performance, resulting in attractive returns.” A strong debt franchise and a substantial SIP presence continue to be crucial assets “According to the brokerage report.

ABSL AMC’s debt performance has been exceptional, thanks to its strong underwriting, risk management, and macroeconomic research capabilities. Internal risk management guarantees that duration and credit risks are properly addressed. Centrum emphasised that the corporation was able to properly manage credit difficulties.

“Over the FY17-H1FY22 period, the firm outperformed listed rivals in terms of core profitability, owing to an aggressive cost-cutting strategy.” Yields fell less during the same time period, but this was more than compensated by cost reduction. According to AAuM, ABSL AMC had the least yield contraction among listed peers, but cost drop was strong, resulting in constant increase in operational profitability. On the opex side, the focus is on integrating branches, which will lower rent spending and increase cost efficiency in the long run “It was also mentioned.

livemint.com is the source of this information.


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