Aditya Birla Money Limited (BIRLAMONEY.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+385.0%

₹526.53

vs ₹108.57 price

Levered DCF

-₹1,897.18

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.39

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.35×	12.17×	10.77×	7.58×	12.97×	14.66×	9.06×	27.81×
P/B	1.82×	3.82×	3.51×	2.35×	4.56×	4.83×	3.47×	12.97×
P/S	1.15×	2.16×	1.58×	1.02×	1.58×	1.3×	0.71×	1.79×
EV / EBITDA	28.19×	16.96×	11.64×	17.51×	23.32×	17.24×	5.22×	13.9×
Gross margin	50.6%	58.6%	50.1%	47.2%	38.7%	36.4%	62.4%	65.5%
Operating margin	17.5%	50.9%	34.1%	25.8%	18.3%	15.3%	42.0%	44.0%
Net margin	12.4%	17.8%	14.7%	13.5%	12.2%	8.9%	7.8%	6.4%
Current ratio	1.12×	1.11×	0.01×	0.78×	1.11×	1.12×	1.15×	1.08×
Debt / equity	7×	13.49×	8.6×	14.68×	17.37×	13.87×	6.17×	17.24×
Interest coverage	0.6×	1.69×	1.36×	1.31×	1.51×	1.24×	2.34×	2.26×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.5%	31.4%	32.6%	31.1%	35.1%	33.0%	38.3%	46.5%
Return on invested capital	2.4%	7.8%	5.9%	4.6%	3.5%	4.1%	15.9%	10.9%
Return on assets	1.7%	3.0%	2.5%	2.5%	2.1%	1.8%	2.2%	1.4%
Free cash flow yield	38.0%	-14.8%	-79.4%	-32.7%	-84.2%	-67.8%	234.3%	-54.1%
Earnings yield	10.7%	8.2%	9.3%	13.2%	7.7%	6.8%	11.0%	3.6%
Enterprise value	₹25.5B	₹40.3B	₹19.5B	₹18B	₹16B	₹8.9B	₹2.6B	₹6.4B
Net debt / EBITDA	22.15×	13.15×	8.24×	15.01×	18.36×	12.74×	3.07×	7.88×
Cash conversion cycle (days)	-551	-385	-214	-334	1,141	1,083	661	2,062