Aditya Birla Sun Life AMC Limited (ABSLAMC)
Large CapFinancial Services stocks · Large cap · NSE
Aditya Birla Sun Life AMC Limited (ABSLAMC) is a leading Indian asset manager, investment manager for Aditya Birla Sun Life Mutual Fund, and offers alternate strategies including Portfolio Management Services, Real Estate Investments, and Alternative Investment Funds. It services 11.1 million investor folios with a pan-India presence across 310+ locations.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 27/100margin compression · Rev +4% YoY · PAT +12% YoY · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹463 Cr | +3.6% | +1.1% |
| EBITDA | ₹258 Cr | -3.0% | -3.0% |
| Operating margin | 56.0% | -300 bps | -200 bps |
| PAT | ₹309 Cr | +11.6% | +65.2% |
| PAT margin | 66.7% | +477 bps | +2591 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
ABSLAMC reported robust Q1 FY27 results, with overall QAAUM up 42% YoY to Rs 6,279 bn, significantly boosted by a 5x YoY surge in PMS/AIF. Total Revenue grew 11% YoY to Rs 6.3 bn, and Profit After Tax increased 12% YoY to Rs 3.1 bn.
The company demonstrated strong AUM growth, particularly in alternate assets, which significantly drove overall QAAUM expansion. While mutual fund AUM growth was more modest, profitability improved. The focus on expanding distribution, digital platforms, and diverse product offerings appears to be yielding results, supporting the long-term growth thesis.
Overall Average AUM by Asset Class (Q1 FY27)
Latest issuer-disclosed distribution across 4 reported categories.
Accelerated growth in Passive & Alternative investments
Overall QAAUM including Alternate assets grew by 42% YoY to Rs 6,279 bn, with PMS/AIF QAAUM up 5x YoY.
Sustainable growth in SIPs
Monthly SIP contribution stood at Rs 10.85 bn for June 2026 with 4.03 million contributing SIP accounts.
Expand Geographic reach and strengthen multi-channel distribution
Servicing investors across 360+ National Distributors, 95,500+ MFDs, 130+ Digital Partners, 90+ Banks, and 310+ locations.
Scale retail franchise and diversify product offerings
Individual MAAUM stood at Rs 2,106 bn for June 2026, contributing 48.9% of Mutual Fund AUM.
MFD Empanelment
Empaneled 1,900+ new MFDs in Q1 FY27, streamlining the process with a new WhatsApp-based system.
Industry AUM Growth
The industry witnessed Y-o-Y AUM growth of 15% in Q1 FY27.
Improved Industry Net Sales
The industry witnessed improved overall net sales in Q1 FY27.
Industry New SIP Registrations
Industry new SIP registrations decreased to 16.04 million in Q1 FY27.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
AUM growth is best understood YoY to account for market cycles and long-term trends in the AMC business. Quarterly financial results also provide sequential momentum and operational efficiency insights.
Overall Quarterly Average AUM (QAAUM)
Rs 6,279 bn (up 42% YoY)
Mutual Fund QAAUM
Rs 4,277 bn (up 6% YoY)
Equity Mutual Fund QAAUM
Rs 1,987 bn (up 10% YoY)
PMS/AIF QAAUM
Rs 1,945 bn (up 5x YoY, includes Rs 1,898 bn mandate QAAUM)
Fundraising for Alternate Assets
Fund raising is underway in ABSL Real Estate Credit Opportunities Fund Series II.
Offshore Fund Raising
Fund Raising is underway for ABSL Flexi Cap Fund (IFSC).
New Fund Launches
Product Pipeline includes ABSL Emerging Market Equity Fund (Retail) and ABSL India Growth Fund (Retail).
Distributor Development
Initiatives like Nipun Learning Academy, Fulcrum, and Yashasvi aim to strengthen MFDs and groom women MFDs.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Overall AUM Growth | 42% YoY (Q1 FY27) | Sustained growth in overall AUM, particularly from alternate assets and passive segments. |
| SIP Contribution & Registrations | Rs 10.85 bn/month (June 2026), 547k new SIPs (Q1 FY27) | Consistent growth in monthly SIP contribution and a reversal of the industry trend in new SIP registrations. |
| Profitability | PAT Rs 3.1 bn (Q1 FY27) | Maintenance of profit margins amidst rising employee benefits expense (up 26% YoY). |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
55NeutralSMA20 -2.6% / mo · MACD +
Technical chart
ABSLAMCdaily · 1Y · AUTO+19.0%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 57. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.6% over last month) — short-term momentum negative.
- RSI(14) at 57 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 13% off 52W high · 50% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 4.3% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.1%.
Valuation & score drivers
U-Score 57 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 57 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 18/20 to the score.
- Balance sheet contributes 12/15 to the score.
Main drags
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Growth is weaker at 12/25; verify the latest quarterly trend.
- Balance sheet is weaker at 12/15; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: -3 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 96th percentile within Financial Services. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 74.7%. Key concern: ROCE trend is -2.1%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Financial Services: 96th pctile, median 62 · Large: 86th pctile, median 73
80 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 74.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.3%.
- ▸9 years of positive FCF.
Trust risks
- ▸ROCE trend is -2.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 30.40
- P/B
- 7.59
- EV/EBITDA
- 26.93
- Market Cap
- 30739.00Cr
Profitability
- ROE
- 25.20%
- ROCE
- 32.20%
- ROA
- 22.81%
- Dividend Y
- 2.40%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 13.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 219.20×
- Altman Z
- 8.81
- Book Value
- 140.00
Cash Flow
- FCF Yield
- 2.33%
- FCF Positive Y
- 9/5
- OCF
- 812.00 Cr
- EPS TTM
- 34.87
Shareholding
- Promoter Hold
- 74.72%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 68%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.