Financials Birla Corporation Limited

Equities

BIRLACORPN

INE340A01012

Construction Materials

Market Closed - Bombay S.E. Other stock markets 03:30:47 18/07/2025 pm IST			5-day change	1st Jan Change
1,417.20 ^INR	-0.11%		+1.87%	+14.57%

10/07	Birla Corporation declared 'preferred bidder' for limestone block	RE
12/06	Birla Corporation Limited, Q4 2025 Earnings Call, May 12, 2025

Projected Income Statement: Birla Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	69,157	67,854	74,612	86,823	96,627	92,145	99,778	1,06,935
Change	-	-1.88%	9.96%	16.37%	11.29%	-4.64%	8.28%	7.17%
EBITDA ¹	13,360	13,376	11,100	7,720	14,376	12,172	15,672	17,811
Change	-	0.12%	-17.01%	-30.45%	86.22%	-15.33%	28.76%	13.65%
EBIT ¹	9,841	9,668	7,131	2,621	8,593	6,454	9,614	11,243
Change	-	-1.75%	-26.25%	-63.24%	227.81%	-24.89%	48.97%	16.95%
Interest Paid ¹	-3,877	-2,963	-2,427	-3,387	-3,717	-3,271	-3,265	-3,402
Earnings before Tax (EBT) ¹	6,815	7,126	5,378	431.1	5,799	3,778	7,207	8,636
Change	-	4.56%	-24.54%	-91.98%	1,245.23%	-34.85%	90.74%	19.82%
Net income ¹	5,052	6,301	3,986	405	4,206	2,952	5,435	6,613
Change	-	24.74%	-36.75%	-89.84%	938.42%	-29.8%	84.1%	21.67%
Announcement Date	22/05/20	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	18,838	16,269	17,150	16,900	12,220	16,542	17,766	21,326	17,491	16,978	17,501	22,642	22,038	19,998	20,161	24,626	24,085	22,858	23,120	26,564	21,904	20,237	21,764	26,619	24,686	22,208	24,978	29,672
Change	-	-13.64%	5.42%	-1.46%	-27.69%	35.38%	7.4%	20.04%	-17.98%	-2.93%	3.08%	29.38%	-2.67%	-9.25%	0.81%	22.14%	-2.2%	-5.09%	1.14%	14.9%	-17.54%	-7.61%	7.54%	22.31%	-7.26%	-10.04%	12.47%	18.79%
EBITDA ¹	3,846	3,121	2,946	3,446	2,331	3,827	3,297	3,920	3,436	2,673	2,224	2,767	2,593	939.6	1,444	2,743	2,978	2,888	3,785	4,724	2,582	1,808	2,572	3,928	4,111	3,273	4,058	4,606
Change	-	-18.86%	-5.6%	16.98%	-32.36%	64.16%	-13.84%	18.89%	-12.35%	-22.22%	-16.77%	24.39%	-6.28%	-63.77%	53.69%	89.97%	8.57%	-3.02%	31.04%	24.81%	-45.33%	-29.99%	42.28%	52.71%	4.65%	-20.38%	23.98%	13.52%
EBIT ¹	-	-	-	-	-	-	-	-	2,452	1,691	-	1,770	1,448	-	145.5	1,342	-	1,454	2,337	3,227	1,127	431	1,108	2,050	2,361	1,920	2,157	2,223
Change	-	-	-	-	-	-	-	-	-	-31.04%	-	-	-18.21%	-	-	822.61%	-	-	60.75%	38.1%	-65.07%	-61.77%	157.08%	85.02%	15.17%	-18.68%	12.34%	3.06%
Charge d'intérêts ¹	-960.3	-1,030	-977.3	-909.4	-799.7	-759.9	-729.5	-673.7	-639.2	-631.8	-608.3	-547.3	-702.9	-927.9	-869.2	-887.2	-974.2	-954	-965.2	-823.7	-857.7	-877.5	-827.5	-863	-745.5	-700	-849.5	-1,100
Earnings before Tax (EBT) ¹	2,192	1,410	1,289	1,924	845.2	2,361	2,122	1,798	1,906	1,192	748.1	1,532	-	-824.8	-644.8	1,129	762.8	771.2	1,535	2,731	440	-322.5	368.5	1,509	1,901	1,271	1,904	1,996
Change	-	-35.66%	-8.64%	49.29%	-56.06%	179.29%	-10.09%	-15.29%	6.01%	-37.46%	-37.23%	104.76%	-	-	21.82%	275.14%	-32.45%	1.1%	99%	77.92%	-83.89%	-173.3%	214.26%	309.41%	26.01%	-33.14%	49.8%	4.86%
Net income ¹	1,406	883.4	814.9	1,947	657.7	1,666	1,484	2,493	1,415	855.5	604.5	1,111	619.2	-564.6	-499.1	849.5	597.1	583.7	1,091	1,933	326.2	-242.2	395.9	1,345	1,392	946.5	1,408	1,466
Change	-	-37.18%	-7.75%	138.96%	-66.23%	153.34%	-10.92%	67.99%	-43.24%	-39.54%	-29.34%	83.76%	-44.26%	-191.18%	11.6%	270.21%	-29.71%	-2.24%	86.98%	77.15%	-83.13%	-174.25%	263.44%	239.71%	3.48%	-31.98%	48.76%	4.08%
Announcement Date	02/08/19	05/11/19	29/01/20	22/05/20	07/08/20	05/11/20	23/01/21	12/05/21	05/08/21	10/11/21	04/02/22	11/05/22	06/08/22	08/11/22	04/02/23	09/05/23	08/08/23	08/11/23	06/02/24	04/05/24	08/08/24	-	-	-	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Birla Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	24,693	30,438	35,790	30,259	25,413	27,723	29,047
Change	-	-	23.27%	17.58%	-15.45%	-16.02%	-1.29%	4.78%
Announcement Date	22/05/20	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Birla Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	9,907	8,035	7,806	6,310	5,294	4,453	12,171	13,686
Change	-	-18.89%	-2.85%	-19.16%	-16.1%	-15.89%	140.47%	12.45%
Free Cash Flow (FCF) ¹	3,505	5,249	2,586	1,744	10,901	12,242	4,772	4,987
Change	-	49.74%	-50.74%	-32.53%	524.88%	12.3%	-23.11%	4.52%
Announcement Date	22/05/20	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Birla Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.32%	19.71%	14.88%	8.89%	14.88%	13.21%	15.71%	16.66%
EBIT Margin (%)	14.23%	14.25%	9.56%	3.02%	8.89%	7%	9.64%	10.51%
EBT Margin (%)	9.85%	10.5%	7.21%	0.5%	6%	4.1%	7.22%	8.08%
Net margin (%)	7.3%	9.29%	5.34%	0.47%	4.35%	3.2%	5.45%	6.18%
FCF margin (%)	5.07%	7.74%	3.47%	2.01%	11.28%	13.29%	4.78%	4.66%
FCF / Net Income (%)	69.39%	83.3%	64.87%	430.74%	259.2%	414.68%	87.79%	75.42%
Profitability
ROA	-	-	3.3%	0.29%	-	-	2.3%	4%
ROE	10.86%	12.25%	6.91%	0.67%	6.65%	4.31%	7.85%	8.93%
Financial Health
Leverage (Debt/EBITDA)	-	1.85x	2.74x	4.64x	2.1x	2.09x	1.77x	1.63x
Debt / Free cash flow	-	4.7x	11.77x	20.52x	2.78x	2.08x	5.81x	5.82x
Capital Intensity
CAPEX / Current Assets (%)	14.33%	11.84%	10.46%	7.27%	5.48%	4.83%	12.2%	12.8%
CAPEX / EBITDA (%)	74.15%	60.07%	70.32%	81.74%	36.83%	36.58%	77.66%	76.84%
CAPEX / FCF (%)	282.62%	153.09%	301.91%	361.71%	48.56%	36.37%	255.08%	274.43%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	7.5	10	10	2.5	10	10	10.6	11.59
Change	-	33.33%	0%	-75%	300%	0%	42.81%	9.34%
Book Value Per Share ¹	624.1	712.4	785.5	776.6	866.6	911	950.1	1,033
Change	-	14.14%	10.26%	-1.13%	11.59%	5.12%	8.58%	8.72%
EPS ¹	65.6	81.83	51.76	5.26	54.61	38.34	71.28	87.06
Change	-	24.74%	-36.75%	-89.84%	938.21%	-29.79%	193.67%	22.14%
Nbr of stocks (in thousands)	77,005	77,005	77,005	77,005	77,005	77,005	77,005	77,005
Announcement Date	22/05/20	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-