Last 1,424 INR
Change Today +12.75 / 0.90%
Volume 167.0K
ABNL On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 6:11 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

aditya birla nuvo ltd (ABNL) Snapshot

Open
1,413
Previous Close
1,412
Day High
1,442
Day Low
1,405
52 Week High
06/9/14 - 1,516
52 Week Low
08/22/13 - 996.35
Market Cap
185.3B
Average Volume 10 Days
197.6K
EPS TTM
92.08
Shares Outstanding
130.1M
EX-Date
08/27/14
P/E TM
15.5x
Dividend
7.00
Dividend Yield
0.46%
Current Stock Chart for ADITYA BIRLA NUVO LTD (ABNL)

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aditya birla nuvo ltd (ABNL) Details

Aditya Birla Nuvo Limited, together with its subsidiaries, engages in the financial services, telecom, fashion and lifestyle, IT-ITeS, and manufacturing businesses worldwide. It provides life insurance products comprising protection, children's future, wealth with protection, and health and wellness products, as well as retirement solutions; and other financial services, such as asset management, non-bank financial services, private equity, equity and commodity broking, wealth management, and general insurance advisory services. The company offers GSM mobile service under the Idea brand. Its fashion and lifestyle products include branded apparels and accessories under the Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Collective, People, and Pantaloons brands. In addition, the company manufactures and retails linen fabric, linen yarn, worsted yarn, and wool tops through Linen Club stores; and offers business process outsourcing and software services for Fortune 500 clients. Further, it manufactures and sells fertilizers, agricultural seeds, and agrochemicals; viscose filament yarn under the Ray One brand; caustic soda for various applications comprising water treatment, food, textiles, metal processing, mining, glass making, etc.; and insulators that are used in power generation, transmission, and distribution. The company was formerly known as Indian Rayon And Industries Limited and changed its name to Aditya Birla Nuvo Limited in 2005. Aditya Birla Nuvo Limited was incorporated in 1956 and is based in Mumbai, India.

Founded in 1956

aditya birla nuvo ltd (ABNL) Top Compensated Officers

Managing Director, Whole-Time Director and Me...
Total Annual Compensation: 5.5M
Chief Financial Officer, President - Financia...
Total Annual Compensation: 20.8M
Business Head of Branded Apparels and Member ...
Total Annual Compensation: 9.6M
Compensation as of Fiscal Year 2013.

aditya birla nuvo ltd (ABNL) Key Developments

Aditya Birla Clarifies On Demerger Plans

Aditya Birla Nuvo Limited (BSE:500303) has issued a clarification with respect to the news article in media (ET Now - July 15, 2014) about its plans to demerge retail business. Aditya Birla replied, "We keep evaluating opportunities that come our way in the ordinary course of business. We confirm that there has been no release of any information regarding any merger or restructuring to the media even as of this moment. We would as before, and in line with our high governance standards, inform you of any such developments as soon as Board of Directors approve any decision before informing the media. We regret we cannot comment on the reports of ET NOW."

Aditya Birla To Reportedly Merge Its Retail Business

Aditya Birla Nuvo Limited (BSE:500303) is planning to restructure the retail business of the group and create one listed behemoth for this vertical, reported Economic Times citing sources with direct knowledge of the matter. The sources said that KM Birla aims to de-merge Fashion & Lifestyle vertical from Aditya Birla Nuvo and create a retail umbrella company led by Madura Garments Exports Ltd. The sources added that Madura Garments, Jaya Shree Textiles, Pantaloons Fashion & Retail Limited (BSE:535755) and more are likely to be merged as part of the process. Aditya Birla group has already initiated the first step to unlock value in the retail business. The group is in talks with large private equity players like Kohlberg Kravis Roberts & Co. (NYSE:KKR), The Carlyle Group LP (NasdaqGS:CG), Apax Partners LLP, Temasek Holdings (Private) Limited, The Blackstone Group L.P. (NYSE:BX) to sell a minority stake in the company. A source indicates that KM Birla's company may be expecting to raise about INR 30 billion by selling close to 20% stake in the retail business to at least two private equity firms. A source pointed out that Aditya Birla Nuvo shareholders will get shares in the retail company as part of the de-merger. Sources said that Aditya Birla group thinks that the time is right to unlock value in the retail business. Aditya Birla group in its e-mail response to ET Now's query said, "We do not comment on market stories." None of the private equity firms mentioned offered a comment on the development.

Aditya Birla Nuvo Limited Announces Executive Changes

Aditya Birla Nuvo Ltd. (ABNL) has appointed Lalit Naik as managing director with effect from July 1, 2014. Naik will replace Rakesh Jain whose term expires on June 30, 2014. The appointment will be subject to shareholder approval. Naik currently heads the chemicals, fertilisers and insulator businesses of the Aditya Birla Group and is the deputy managing director of ABNL since January 2013.

 

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Industry Analysis

ABNL

Industry Average

Valuation ABNL Industry Range
Price/Earnings 15.5x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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