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Aditya Birla Money
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Aditya Birla Money Ltd, (formerly known as Apollo Sindhoori Capital Investment Ltd) was incorporated on July 04, 1995 in Chennai, Tamil Nadu. The Company is a stock broking and capital market products distributor, offering Equity and Derivative trading through NSE and BSE and Currency Derivative on MCX-SX and Commodities Trading through MCX and NCDEX. It is registered as a Deposito? Participant with both NSDL and CDSL in terms of the Securities and Exchange Board of India (Deposito? Participants) Regulations, 1996. It also provides Portfolio Management Services and involved in trading in securities.
The company offers services such as, trading facility in equity segment on and derivative segment on NSE & BSE through a single screen; trading facility in commodity segment, including bullion, oils, gaur seed etc through their subsidiary; depository Participant services of NSDL and CDSL at major locations; Online bidding for IPO and distribution of mutual fund.
The company is headquartered in Chennai. They are having a strong distribution network of over 221 own and 687 franchisee branches, a large customer base in excess of 175,000 and a scalable business model based on a strong technology backbone and a wide product mix.
Aditya Birla Money Ltd, a part of Aditya Birla financial Services Group was incorporated in the year 1995 as Apollo Sindhoori Capital Investment Ltd. Earlier, the company was promoted by Prathap C Reddy,Chairman of Apollo Hospitals Group. In March 2009, the company became a part of Aditya Birla Group, when the group acquired 76% of the company.
The company commenced their operations in Chennai in the year 1996. They spent their initial time in establishing and consolidating their presence throughout South India. Until 2001, they established their presence in 13 locations throughout the South India. Within four years, they established their presence in over 350 locations all over the country.
During the year 2004-05, the company added 106 new offices all over the country. Their subsidiary Apollo Sindhoori Commodities Trading Ltd started their expansion through the branches of the company and during the year, the subsidiary was operating from 100 locations.
During the year 2005-06, the company added 120 new offices and the client base rose to 77,000 from around 45,000 of previous year. During the year 2006-07, they added 71 sub-broker offices and 51 branches and the number of customers has gone up by 22780.
During the year 2007-08, the company added 237 offices and the client base stands at over 159,000 recording an impressive growth of 49% from around 107,000 of previous year. During the period, the number of offices has correspondingly gone up from 561 to 798 and the number of own branches growing from 168 to 197.
The company's subsidiary, Apollo Sindhoori Commodities Trading Ltd introduced Systematic Gold Saving Scheme for purchase of gold by investors through Commodity Exchange. The scheme was initially launched in Tamilnadu and latter the scheme was launched all over India.
During the year 2008-09, the company added 43 new branches including 18 offices placed in the premises of Birla Sun Life Distribution Ltd. The active sub-broker offices rose from 539 to 580 during the year.
In August 28, 2008, the company entered into Share Purchase Agreement with Aditya Birla Nuvo Ltd for sale of 56% equity shares of the company. Pursuant to this agreement, Aditya Birla Nuvo Ltd made an open offer for purchase of 20% equity shares of the company, which was completed on February 24, 2009. As a result, the company became a subsidiary of Aditya Birla Nuvo Ltd with effect from March 6, 2009.
The company changed their name from Apollo Sindhoori Capital Investments Ltd to Aditya Birla Money Ltd with effect from August 3, 2009.
Aditya Birla Nuvo Limited, on February 23, 2010 transferred its shareholding in the Company to Aditya Birla Financial Services Private Limited (ABFSPL) by way of 'inter-se' promoter transfer, which did not result in change in control or promoter group of the Company and resultantly, ABFSPL became Promoter/ Holding company of Company .
Aditya Birla Nuvo Limited (ABNL) was amalgamated with Grasim Industries Limited through Composite Scheme of Arrangement between ABNL, Grasim Industries Limited and Aditya Birla Capital Limited and resultant to this, the Company's ultimate holding company changed from ABNL to Grasim Industries Limited w.e.f. July 01, 2017.
During 2018-19, Aditya Birla Commodities Broking Limited, a wholly owned subsidiary of Company, was amalgamated with Company effective from December 14, 2018 and accordingly Aditya Birla Commodities Broking Limited (ABCBL) ceases to be a subsidiary of the Company.
Aditya Birla Money share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Aditya Birla Money indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Aditya Birla Money is valued compared to its competitors.
Aditya Birla Money PE ratio helps investors understand what is the market value of each stock compared to Aditya Birla Money 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Aditya Birla Money evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Aditya Birla Money generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Aditya Birla Money in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Aditya Birla Money shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Aditya Birla Money compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Aditya Birla Money over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Aditya Birla Money helps investors get an insight into when they can enter or exit the stock. Key components of Aditya Birla Money Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Aditya Birla Money shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Aditya Birla Money ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Aditya Birla Money provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Aditya Birla Money highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Aditya Birla Money .
The balance sheet presents a snapshot of Aditya Birla Money ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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