Aditya Birla Capital Limited
NSE: ABCAPITALInvestment Company
Share price
₹368.65
-0.93% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
55
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹96,586 Cr
P/E ratio
24.0
P/B ratio
2.8
ROCE
8.7%
ROE
12.0%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 16.3% over the past year, and 21.0% a year over its longer record. Meanwhile what it keeps on lending slipped from 12.5% to 11.5% over the last two years.
Whether it grew faster than its sector
It grew 21.0% a year against a sector median of 16.0% — 5.0 percentage points faster.
Room to re-rate, or risk of de-rating
At 24.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 47.6×, across 5 companies. It is against its own five-year median of 18.3×, the 78th percentile of its own range.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Aditya Birla Capital Limited — this one | -7%/yr | 24.0× | — |
| Jio Financial Services Limited | 293%/yr | 64.9× | — |
| Tata Investment Corporation Limited | 20%/yr | 72.1× | ₹3.6 |
| Cholamandalam Financial Holdings Limited | 24%/yr | 9.8× | ₹0.41 |
| TVS Holdings Limited | 40%/yr | 11.6× | ₹0.29 |
| Maharashtra Scooters Limited | 17%/yr | 47.6× | ₹2.8 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Investment Company), it ranks 6 of 38 on returns, 11 of 34 on growth, 26 of 39 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 8.7% on capital, ahead of 84% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹117678 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Profit rose 44% on the year to Rs 1,224 Cr on revenue of Rs 12,180 Cr.
Announced 31 Jul 2026 · Consolidated
Revenue
₹12,180 Cr
Net profit
₹1,224 Cr
Profit vs last year
+43.8%
Profit vs last quarter
+5.1%
Net margin
10.0%
EPS
₹4.46
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹96,586 Cr
- Prev close
- ₹368.65
- 52w High
- ₹431
- 52w Low
- ₹288
- Enterprise value
- ₹96,212 Cr
- Beta
- 1.6
- Price CAGR 1y
- 23.0%
- Price CAGR 3y
- 27.0%
- Price CAGR 5y
- 28.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 1.2%
- PEG ratio
- -3.6
- P/E ratio
- 24.0
- P/B ratio
- 2.8
- EV / EBITDA
- 19.9
- Industry P/E
- 22.9
- ROCE
- 8.7%
- ROCE 5y average
- —
- ROE
- 12.0%
- Debt / Equity
- 5.2
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- 12.0%
- ROE last year
- 12.0%
Annual P&L
- Annual revenue
- ₹45,513 Cr
- Annual profit
- ₹3,864 Cr
- Operating margin
- 11.0%
- Net profit margin
- 8.5%
- EBITDA margin
- 11.2%
- Sales growth 3y
- 14.7%
- Sales growth 5y
- 18.8%
- Profit growth 3y
- -7.0%
- Profit growth 5y
- 28.0%
- EPS
- ₹14.8
- Sales growth TTM
- 16.0%
- Profit growth TTM
- 18.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹12,180 Cr
- Profit latest quarter
- ₹1,224 Cr
- YoY quarterly sales growth
- 28.2%
- YoY quarterly profit growth
- 43.3%
- OPM latest quarter
- 13.0%
Balance Sheet
- Book Value
- ₹131
- Face Value
- ₹10.0
- Total debt
- ₹1.80L Cr
- Total cash
- ₹4,730 Cr
- Borrowings
- ₹1.80L Cr
- Reserves / Equity
- 12.1
Cash Flow
- Operating cash flow
- -₹36,544 Cr
- Free cash flow
- -₹36,905 Cr
- FCF yield
- —
- Net cash flow
- -₹1,927 Cr
Shareholding
- Promoter holding
- 68.8%
- FII holding
- 7.9%
- DII holding
- 13.4%
- Public holding
- 9.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Jio Financial | 212.50 | 67.9 | 1,40,317 | 0.28 | 830.3 | 174.4 | 2,004.5 | 227.3 | 1.9 |
| Aditya Birla Cap | 375.05 | 25.5 | 1,02,681 | 0.00 | 1,223.9 | 40.1 | 12,179.5 | 28.2 | 8.7 |
| Tata Inv.Corpn. | 615.05 | 72.2 | 31,119 | 0.55 | 143.5 | -1.9 | 151.7 | 4.3 | 1.6 |
| Chola Financial | 1,369.60 | 9.6 | 25,718 | 0.09 | 1,789.0 | 39.3 | 11,113.6 | 19.6 | 9.8 |
| TVS Holdings | 11,886.00 | 12.1 | 24,048 | 0.72 | 1,173.6 | 81.9 | 17,076.2 | 34.0 | 16.9 |
| Mah. Scooters | 12,380.00 | 50.8 | 14,149 | 1.78 | 3.3 | -90.6 | 5.4 | -81.5 | 1.1 |
| JSW Holdings | 11,258.00 | 99.9 | 12,496 | 0.00 | 21.5 | 9.2 | 34.6 | 15.0 | 0.5 |
| Median | 504.67 | 25.5 | 1,003 | 0.00 | 10.9 | 17.1 | 10.1 | 22.3 | 1.6 |
Competes with: 3P Land Holdings Limited, BEML Land Assets Limited, BLB Limited, Blue Chip India Limited, Cholamandalam Financial Holdings Limited, DCM Financial Services Limited, EL CID Investments Limited, GKW Limited, Hexa Tradex Limited, Industrial & Prudential Investment Company Limited, Industrial Investment Trust Limited, JSW Holdings Limited, Jindal Photo Limited, Jindal Poly Investment and Finance Company Limited, Jio Financial Services Limited, Kalyani Investment Company Limited, Lakshmi Finance & Industrial Corporation Limited, Maharashtra Scooters Limited, Mask Investments Limited, Nagreeka Capital & Infrastructure Limited, Nahar Capital and Financial Services Limited, Nalwa Sons Investments Limited, Oswal Greentech Limited, PNB Gilts Limited, Paras Petrofils Limited, Pilani Investment and Industries Corporation Limited, Religare Enterprises Limited, SIL Investments Limited, Shipping Corporation of India Land and Assets Limited, Stel Holdings Limited, Summit Securities Limited, TSF INVESTMENTS LIMITED, TVS Holdings Limited, Tata Investment Corporation Limited, VLS Finance Limited, Vardhman Holdings Limited, Welspun Investments and Commercials Limited, Williamson Magor & Company Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,045 | 7,607 | 8,800 | 10,780 | 8,673 | 10,322 | 9,381 | 12,214 | 9,503 | 10,595 | 11,952 | 13,459 | 12,180 |
| Expenses | 4,490 | 4,798 | 5,764 | 7,182 | 5,458 | 6,604 | 5,876 | 8,419 | 5,652 | 6,594 | 7,645 | 8,924 | 7,221 |
| Financing Profit | 884 | 982 | 1,039 | 1,476 | 971 | 1,348 | 1,009 | 1,210 | 1,114 | 1,197 | 1,326 | 1,434 | 1,569 |
| Financing Margin % | 13 | 13 | 12 | 14 | 11 | 13 | 11 | 10 | 12 | 11 | 11 | 11 | 13 |
| Other Income | 70 | 70 | 60 | 183 | 150 | 124 | 85 | 219 | 139 | 92 | 72 | 89 | 153 |
| Interest | 1,671 | 1,827 | 1,997 | 2,122 | 2,244 | 2,369 | 2,496 | 2,585 | 2,736 | 2,804 | 2,981 | 3,101 | 3,390 |
| Depreciation | 43 | 46 | 50 | 52 | 54 | 60 | 64 | 68 | 71 | 77 | 76 | 82 | 82 |
| Profit before tax | 912 | 1,006 | 1,050 | 1,606 | 1,067 | 1,413 | 1,030 | 1,361 | 1,182 | 1,212 | 1,322 | 1,441 | 1,641 |
| Tax % | 27 | 28 | 28 | 20 | 27 | 28 | 30 | 35 | 28 | 27 | 27 | 27 | 25 |
| Net Profit | 666 | 725 | 760 | 1,288 | 779 | 1,021 | 724 | 886 | 854 | 882 | 966 | 1,047 | 1,224 |
| EPS in Rs | 2.50 | 2.71 | 2.83 | 4.79 | 2.92 | 3.84 | 2.72 | 3.32 | 3.21 | 3.27 | 3.61 | 3.86 | 4.30 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,710 | 3,645 | 5,882 | 11,526 | 15,168 | 16,696 | 19,260 | 22,232 | 30,163 | 33,958 | 40,632 | 45,513 | 48,186 |
| Expenses | 1,002 | 1,156 | 2,478 | 7,539 | 9,850 | 10,934 | 13,966 | 16,694 | 19,972 | 21,978 | 26,357 | 28,815 | 30,383 |
| Financing Profit | 596 | 877 | 1,105 | 963 | 1,208 | 1,128 | 1,378 | 2,058 | 5,469 | 4,364 | 4,581 | 5,076 | 5,527 |
| Financing Margin % | 22 | 24 | 19 | 8 | 8 | 7 | 7 | 9 | 18 | 13 | 11 | 11 | 11 |
| Other Income | -39 | 24 | 4 | 177 | 230 | 254 | 282 | 351 | 311 | 390 | 508 | 502 | 405 |
| Interest | 1,112 | 1,612 | 2,299 | 3,024 | 4,109 | 4,634 | 3,916 | 3,480 | 4,722 | 7,617 | 9,694 | 11,622 | 12,276 |
| Depreciation | 37 | 33 | 43 | 44 | 58 | 103 | 114 | 122 | 145 | 188 | 246 | 307 | 317 |
| Profit before tax | 519 | 869 | 1,066 | 1,096 | 1,381 | 1,280 | 1,546 | 2,287 | 5,635 | 4,566 | 4,880 | 5,271 | 5,616 |
| Tax % | 40 | 40 | 35 | 37 | 41 | 32 | 28 | 27 | 14 | 25 | 30 | 27 | |
| Net Profit | 309 | 524 | 691 | 693 | 811 | 866 | 1,106 | 1,660 | 4,824 | 3,439 | 3,410 | 3,864 | 4,119 |
| EPS in Rs | 4.08 | 6.58 | 4.30 | 3.15 | 3.96 | 3.81 | 4.66 | 7.06 | 20 | 13 | 13 | 15 | 15 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 29%
- 5 years
- 19%
- 3 years
- 15%
- TTM
- 16%
Compounded profit growth
- 10 years
- 22%
- 5 years
- 28%
- 3 years
- -7%
- TTM
- 18%
Stock price CAGR
- 10 years
- —
- 5 years
- 28%
- 3 years
- 27%
- 1 year
- 23%
Return on equity
- 10 years
- 13%
- 5 years
- 15%
- 3 years
- 12%
- Last year
- 12%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 757 | 796 | 1,232 | 2,201 | 2,201 | 2,414 | 2,415 | 2,416 | 2,418 | 2,600 | 2,607 | 2,620 |
| Reserves | 1,056 | 1,921 | 5,378 | 6,337 | 7,311 | 10,162 | 11,327 | 13,076 | 17,893 | 24,217 | 27,782 | 31,804 |
| Borrowing | 15,973 | 24,750 | 33,215 | 44,516 | 56,324 | 55,966 | 53,044 | 58,425 | 84,738 | 1,10,139 | 1,40,009 | 1,79,538 |
| Other Liabilities | 1,857 | 2,574 | 38,316 | 40,502 | 43,633 | 44,978 | 57,698 | 66,897 | 75,304 | 94,667 | 1,08,245 | 1,21,005 |
| Total Liabilities | 19,642 | 30,042 | 78,141 | 93,556 | 1,09,470 | 1,13,520 | 1,24,485 | 1,40,815 | 1,80,353 | 2,31,623 | 2,78,643 | 3,34,966 |
| Fixed Assets | 284 | 314 | 778 | 837 | 892 | 1,181 | 1,259 | 1,305 | 1,279 | 1,652 | 1,929 | 1,998 |
| CWIP | 8 | 11 | 35 | 33 | 34 | 74 | 45 | 45 | 44 | 94 | 122 | 114 |
| Investments | 720 | 1,363 | 11,760 | 39,573 | 43,955 | 48,415 | 57,703 | 67,355 | 80,383 | 99,539 | 1,12,953 | 1,25,116 |
| Other Assets | 18,630 | 28,353 | 65,569 | 53,113 | 64,589 | 63,850 | 65,478 | 72,110 | 98,647 | 1,30,338 | 1,63,639 | 2,07,738 |
| Total Assets | 19,642 | 30,042 | 78,141 | 93,556 | 1,09,470 | 1,13,520 | 1,24,485 | 1,40,815 | 1,80,353 | 2,31,623 | 2,78,643 | 3,34,966 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | -8,697 | -7,570 | -11,894 | -10,256 | 4,271 | 64 | -5,070 | -24,029 | -24,100 | -27,935 | -36,544 |
| Cash from Investing Activity | 0 | -638 | -1,623 | 38 | -690 | -3,070 | 2,429 | -1,446 | -2,675 | -4,590 | 933 | -3,544 |
| Cash from Financing Activity | 0 | 9,184 | 9,870 | 12,006 | 10,852 | 875 | -2,581 | 5,836 | 26,385 | 28,514 | 29,778 | 38,161 |
| Net Cash Flow | 0 | -151 | 678 | 150 | -94 | 2,076 | -88 | -679 | -318 | -176 | 2,776 | -1,927 |
| Free Cash Flow | 0 | -8,745 | -7,688 | -12,049 | -10,413 | 4,117 | -84 | -5,247 | -24,268 | -24,499 | -28,382 | -36,905 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 18 | 23 | 11 | 9 | 10 | 8 | 9 | 12 | 27 | 14 | 12 | 12 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
capital adequacy (CRAR) %
18.82
combined ratio %
106
cost-to-income %
31.81
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
gross NPA %
1.30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
total loans / revolving facilities outstanding at period end, the base of loan_default_cr
81,972cr
2026-06-30
net NPA %
0.68
net interest margin %
6.07
13-month persistency %
83.00
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
54.28cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
provision coverage %
48.20
FY revenue / permanent employees + workers, same basis (calc)
2,12,30,863inr
2026-03-31
return on assets %
2.39
solvency ratio (multiple)
2.01
News
News and filings about Aditya Birla Capital Limited. Open one to see why it matters.
23 Sept, 21:20 IST · Company event · low impact
Members of the Exchange are hereby informed that the trading in Non-Convertible Debentures of Aditya Birla Capital Limited shall be suspended w.e.f.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- 3P Land Holdings Limited
- BEML Land Assets Limited
- BLB Limited
- Blue Chip India Limited
- Cholamandalam Financial Holdings Limited
- DCM Financial Services Limited
- EL CID Investments Limited
- GKW Limited
- Hexa Tradex Limited
- Industrial & Prudential Investment Company Limited
- Industrial Investment Trust Limited
- JSW Holdings Limited
- Jindal Photo Limited
- Jindal Poly Investment and Finance Company Limited
- Jio Financial Services Limited
- Kalyani Investment Company Limited
- Lakshmi Finance & Industrial Corporation Limited
- Maharashtra Scooters Limited
- Mask Investments Limited
- Nagreeka Capital & Infrastructure Limited
- Nahar Capital and Financial Services Limited
- Nalwa Sons Investments Limited
- Oswal Greentech Limited
- PNB Gilts Limited
- Paras Petrofils Limited
- Pilani Investment and Industries Corporation Limited
- Religare Enterprises Limited
- SIL Investments Limited
- Shipping Corporation of India Land and Assets Limited
- Stel Holdings Limited
Depends on the price of
- Bond Markets
- Interest Rates
Products sold by
Buys from
- AK Capital Services Limited · Maiden public bond arranger
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Investment Company
- Classification
- Financial Services › Investment Company
- ISIN
- INE674K01013
Business segments
- Life Insurance · 44%
- Lending (Excluding Housing Finance) · 32%
- Health Insurance · 12%
- Housing Finance · 8%
- Asset Management · 4%
- Stock and Securities Broking · 1%
- Other Financial Services · 0%
News impact
Big market events that reach Aditya Birla Capital Limited, and how the effect spreads.
15 Sept, 20:44 IST · Market event · medium impact
Dividend Alert: This Bajaj Group Firm Declares Rs 160/Share Payout; Check Record Date
Maharashtra Scooters, a Bajaj group investment firm, will pay shareholders Rs 160 per share, so its investors gain cash while the share price will dip by a similar amount on the record date; rival holding companies see no real change.
Who it hits first
- Maharashtra Scooters pays Rs 160 cash per share to holders on record Sep 21; cum-dividend buying into the date, then a mechanical ex-date price markdown of a similar sum.
- Mild positive sentiment: repeats last year's identical payout, signalling continued cash strength; no new business development.
Who may gain
- MAHSCOOTER shareholders of record receive certain cash.
- Fellow listed holding companies (Tata Investment, JSW Holdings, Cholamandalam Holdings, TVS Holdings) get faint sentiment only — no cash, orders or business transfer.
Along the supply chain
Downstream
No downstream effect — no customers, no product, no pricing impact anywhere in any chain.
Upstream
No supply-chain link — Maharashtra Scooters is an investment company with no suppliers; nothing upstream gains or loses.
Where demand moves
Business
No goods or services change hands — a pure cash-distribution event with no demand created or destroyed.
Capital
Tiny yield-seeking inflow into MAHSCOOTER cum-dividend; no sector rotation — Financial Services money has no reason to move on one small holding firm's payout.
How it spreads across sectors
Financial Services
Negligible — a single holding-company dividend does not move sector earnings, flows or valuations; at most a faint warm glow for the listed holding-company basket.
Commodity angle
Cc skip reason
no_commodity_link
When it plays out
Immediate
1-7 days: cum-dividend support into Sep 21 record date (+1-2% possible on thin volume), then ex-date markdown.
Medium term
1-6 months: no lasting effect unless the strategy shift materialises into restructuring or portfolio action.
Short term
1-4 weeks: payout by Oct 13; price normalises; watch for details of the noted strategy-direction changes.
24 Jun, 04:16 IST · Market event · high impact
Grasim Industries invests ₹2,880 crore to increase stake in Aditya Birla Capital
Who it hits first
- GRASIM deploys ₹2,880 cr capital to subsidiary
- ABCAPITAL gets parent endorsement + reduced free-float overhang
Who may gain
- ABCAPITAL re-rates on parent commitment
- Bajaj Finance / SBI Cards may see modest rotation pressure as ABCL re-rates
Along the supply chain
Downstream
No impact on ABCL's borrowers or Grasim's cement customers
Upstream
No supply-chain link — purely a balance-sheet reorganisation
Where demand moves
Business
No business-demand impact — purely intra-group capital reorg; ABCL's lending book unchanged
Capital
GRASIM minority shareholders concerned over capital allocation; ABCL minority shareholders gain parent-floor confidence; sector rotation favors ABCL within mid-cap NBFCs
How it spreads across sectors
Construction Materials
GRASIM sentiment weak on capital diversion concern
Financial Services
ABCL positive; modest rotation pressure on mid-NBFC peers
When it plays out
Immediate
GRASIM -1 to -3% on capital allocation; ABCL +3 to +6% on parent commitment
Medium term
Group rationalization may set up GRASIM SOTP re-rating
Short term
ABCL re-rating sustains 2-4 weeks if disbursement growth holds
2 Jun, 04:37 IST · Market event · high impact
Aditya Birla Group seen leading $1.7 billion-plus race for Shell’s Sprng Energy
Who it hits first
- Aditya Birla Group would gain a larger renewable-energy operating platform if the Sprng Energy acquisition closes, increasing competitive intensity for listed renewable power developers.
- Listed renewable peers may see valuation read-through from a reported deal value above $1.7 billion, but no listed ticker in the input is the direct acquisition target.
Who may gain
- NTPC, Tata Power, JSW Energy and Adani Green may get positive sector valuation read-through as strategic buyers show appetite for Indian renewable assets.
- Wind and solar equipment suppliers such as Suzlon, Inox Wind, Premier Energies and Waaree Energies may benefit if large renewable platforms accelerate capacity additions after ownership changes.
Along the supply chain
Downstream
Downstream impact is limited to renewable power offtakers and distribution buyers through a larger private renewable supplier; no immediate tariff change is implied.
Upstream
Upstream demand can improve for solar module makers, wind turbine suppliers, power equipment vendors and EPC contractors if the buyer accelerates Sprng Energy projects.
Where demand moves
Business
Renewable project ownership may consolidate, shifting demand toward solar modules, wind equipment, EPC services and grid equipment over 1-6 months.
Capital
Capital may rotate toward listed renewable platforms and suppliers as investors reprice Indian clean-energy asset scarcity.
How it spreads across sectors
Capital Goods
Positive order-flow read-through for solar, wind and power-equipment suppliers tied to renewable capacity buildout.
Defence
Only indirect power-equipment read-through for BHEL; the event is not defence-led.
Financial Services
Narrow group-sentiment read-through for Aditya Birla-linked listed financial entity, but no direct business linkage to the renewable asset acquisition.
Power
Positive valuation read-through for renewable-heavy power developers, partly offset by higher competition for project acquisitions.
When it plays out
Immediate
In 1-7 days, renewable and power stocks may react to valuation read-through and M&A scarcity premium.
Medium term
In 1-6 months, equipment suppliers may benefit only if ownership change translates into faster renewable project execution and orders.
Short term
In 1-4 weeks, market focus shifts to deal confirmation, financing structure and comparable valuations for listed renewable platforms.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call10 Aug 2026
- Annual report · 2025-2617 Jul 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY264 May 2026
- Earnings call · Q2FY2630 Oct 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.