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ABCAPITAL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.0

Stock Code ABCAPITAL Market Cap 90,425 Cr. Current Price 345 ₹ High / Low 369 ₹
Stock P/E 31.6 Book Value 103 ₹ Dividend Yield 0.00 % ROCE 9.48 %
ROE 12.5 % Face Value 10.0 ₹ DMA 50 345 ₹ DMA 200 297 ₹
Chg in FII Hold -0.95 % Chg in DII Hold 1.85 % PAT Qtr 916 Cr. PAT Prev Qtr 676 Cr.
RSI 36.8 MACD -3.91 Volume 97,22,743 Avg Vol 1Wk 64,53,892
Low price 149 ₹ High price 369 ₹ PEG Ratio 0.30 Debt to equity 4.56
52w Index 89.2 % Qtr Profit Var -11.2 % EPS 11.0 ₹ Industry PE 23.1

📊 Core Financials

  • Revenue & Profitability: PAT rose from 676 Cr. to 916 Cr., but quarterly profit variance shows –11.2%, indicating volatility.
  • Margins: ROE at 12.5% and ROCE at 9.48% are modest, reflecting average efficiency.
  • Debt: Debt-to-equity ratio of 4.56 indicates high leverage, a major risk factor.
  • Cash Flow: Profitability supports cash generation, but high debt pressures sustainability.

💹 Valuation Indicators

  • P/E Ratio: 31.6 vs. industry average of 23.1 — slightly expensive.
  • P/B Ratio: Current price (₹345) vs. book value (₹103) → ~3.35x, moderate premium.
  • PEG Ratio: 0.30, suggesting growth is attractively priced relative to earnings.
  • Intrinsic Value: Valuation moderately stretched, but PEG indicates potential upside if debt is managed.

🏢 Business Model & Competitive Advantage

  • Aditya Birla Capital (ABCAPITAL) operates in financial services, including lending, insurance, asset management, and advisory.
  • Competitive advantage lies in diversified offerings, strong brand presence, and integration within the Aditya Birla Group ecosystem.

📈 Technicals & Entry Zone

  • DMA 50 (₹345) and DMA 200 (₹297) show consolidation near current price.
  • RSI at 36.8 indicates oversold territory; MACD negative suggests bearish sentiment.
  • Entry Zone: Attractive near ₹320–340 for accumulation.
  • Long-Term Holding: Suitable for investors seeking exposure to financial services, but debt levels must be monitored closely.


✅ Positive

  • EPS at ₹11.0 reflects earnings base.
  • DII holdings increased (+1.85%), showing strong domestic institutional support.
  • PEG ratio (0.30) indicates growth is undervalued relative to earnings potential.

⚠️ Limitation

  • High debt-to-equity ratio (4.56) increases financial risk.
  • ROE (12.5%) and ROCE (9.48%) are modest compared to peers.
  • Dividend yield of 0.00% offers no immediate shareholder return.

📉 Company Negative News

  • Quarterly PAT variance –11.2%, showing earnings volatility.
  • FII holdings decreased (–0.95%), showing reduced foreign investor confidence.

📈 Company Positive News

  • Quarterly PAT improved to 916 Cr., showing operational strength despite volatility.
  • DII holdings increased significantly (+1.85%), reflecting strong domestic support.

🏭 Industry

  • Financial services sector benefits from rising demand for credit, insurance, and investment products in India.
  • Industry average P/E (23.1) highlights ABCAPITAL’s slightly premium valuation.

🔎 Conclusion

  • Aditya Birla Capital shows diversified business strength but faces high debt and modest efficiency ratios.
  • Valuations are moderately stretched, but PEG ratio suggests potential upside if debt is reduced.
  • Recommendation: Accumulate near ₹320–340. Long-term holding viable for investors seeking exposure to India’s financial services growth, provided debt levels are managed effectively.

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