Nearly 35% of the group’s valuation is attributed to UltraTech, which has a market capitalization of Rs 2.95 lakh crore, making it the third most valuable cement company globally.
The combined market capitalisation of the Aditya Birla Group firms surged past the $100 billion mark (Rs 8,51,460.25 crore), joining the likes of Tata Group, Adani Enterprises and Reliance.
The group firms — UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka and Pilani Investment — have a combined market valuation of Rs 8,51,460.25 crore on the BSE.
“The group’s market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame,” a statement from the group said. Nearly 35% of the group’s valuation is attributed to UltraTech, which has a market capitalization of Rs 2.95 lakh crore, making it the third most valuable cement company globally. UltraTech shares have been rising following a 35% increase in net profit for the March quarter.
ABG’s market cap accretion has been double that of the S&P even in US dollar terms across one-year and three-year time horizons, it added.
Grasim has seen its market cap double to over $19 billion in the last 3 years on the back of incubating and scaling new high-growth engines, the statement said.
It further said that Hindalco’s market cap has doubled in less than two years. It has added over $7 billion to its market cap in the last 12 months.