Buy Aditya Birla Capital, target price Rs 168: ICICI Securities

ICICI Securities has buy call on Aditya Birla Capital with a target price of Rs 168. The current market price of Aditya Birla Capital is Rs 162.35. ICICI Securities recommended to keep stoploss at Rs 155.

Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 38881.34 Crore) operating in NBFC sector.

Aditya Birla Capital key Products/Revenue Segments include Dividend, Income From Sale Of Share & Securities and Interest for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 9662.32 Crore, up 41.40 % from last quarter Total Income of Rs 6833.10 Crore and up 69.08 % from last year same quarter Total Income of Rs 5714.53 Crore. Company has reported net profit after tax of Rs 3225.19 Crore in latest quarter.

The company’s top management includes Mr.Kumar Mangalam Birla, Dr.Santrupt Misra, Mr.Sushil Agarwal, Mr.Arun Adhikari, Mr.P H Ravikumar, Mrs.Vijayalakshmi R Iyer, Mr.S C Bhargava, Mr.Romesh Sobti. Company has B S R & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 242 Crore shares outstanding.

Investment Rationale
Price forming higher base above the recent falling supply line breakout area and 20 days EMA.

Promoter/FII Holdings
Promoters held 71.02 per cent stake in the company as of 31-Mar-2023, while FIIs owned 7.32 per cent, DIIs 7.8 per cent.