Buy Aditya Birla Sun Life AMC, target price Rs 525: HDFC Securities

HDFC Securities has buy call on Aditya Birla Sun Life AMC with a target price of Rs 525. The current market price of Aditya Birla Sun Life AMC is Rs 325.15.

Aditya Birla Sun Life AMC, incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 9335.52 Crore) operating in Financial Services sector.

Aditya Birla Sun Life AMC key Products/Revenue Segments include Fees & Commission Income and Income From Sale Of Share & Securities 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 363.17 Crore, down -6.32 % from last quarter Total Income of Rs 387.67 Crore and up 2.87 % from last year same quarter Total Income of Rs 353.04 Crore. Company has reported net profit after tax of Rs 166.29 Crore in latest quarter.

The company’s top management includes Mr.Kumar Mangalam Birla, Mr.Sunder Rajan Raman, Mr.Harish Engineer, Ms.Alka Bharucha, Mr.Bharat Patel, Mr.Ramesh Abhishek, Mr.Amrit Kanwal, Mr.Sandeep Asthana, Mr.A Balasubramanian, Mr.Navin Puri. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 29 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 86.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.01 per cent, DIIs 4.65 per cent.