Authum Investment & Infrastructure Ltd (AIIL) has emerged as a prominent player in India’s financial sector, undergoing a remarkable transformation from a traditional investment company to a diversified NBFC. This article provides an in-depth look at AIIL's business strategy, financials, acquisitions, market standing, shareholding, and a comprehensive SWOT analysis.
📌 Company Overview
Business Segments
-
Investments: Core segment focusing on equity, debt, mutual funds, and real estate assets.
-
Lending: Post-acquisition of Reliance Commercial Finance (RCFL) and Reliance Home Finance (RHFL), AIIL has expanded into retail and structured lending.
-
Asset Reconstruction: Entry through 79% acquisition in India SME Asset Reconstruction Company (ISARC) in October 2024.
📈 Historical Share Price Analysis
| Time |
Authum Investment |
Nifty50 Returns |
Sensex Returns |
Industry Returns |
Sector Returns |
| 1 Day |
10.3% |
0.36% |
0.22% |
1.44% |
0.38% |
| 1 Week |
19.48% |
1.18% |
0.86% |
4.25% |
3.3% |
| 1 Month |
32.74% |
8.05% |
8.21% |
6.82% |
7.94% |
| 3 Months |
25.93% |
7.1% |
6.82% |
10.92% |
10.75% |
| 6 Months |
36.97% |
4.7% |
4.68% |
23.83% |
9.17% |
| 1 Year |
179.21% |
11.4% |
11.75% |
26.6% |
18.14% |
| 3 Year |
1,350.49% |
56.3% |
54.05% |
121.35% |
121.53% |
| 5 Years |
40,738.43% |
162.29% |
154.09% |
1,323.59% |
469.57% |
| 10 Years |
- |
199.52% |
198.45% |
1,325.77% |
416.58% |
📈 Financial Performance
FY 2023–24 Highlights
| Metric |
Value |
YoY Growth |
| Revenue |
₹2,412 Cr |
+544% |
| PAT |
₹2,923 Cr |
+1117% |
| EBITDA |
₹2,990 Cr |
+794% |
| Net Worth |
₹10,345 Cr |
+203% |
| AUM |
₹10,682 Cr |
+176% |
| RoCE |
27.2% |
– |
| D/E Ratio |
0.04x |
Very Low |
📊 Shareholding Pattern (as of March 2025)
| Summary |
Mar 2025 |
Dec 2024 |
Sep 2024 |
Jun 2024 |
Mar 2024 |
Dec 2023 |
Sep 2023 |
Jun 2023 |
Mar 2023 |
| Promoter |
75.0% |
75.0% |
75.0% |
75.0% |
74.7% |
74.5% |
74.5% |
71.5% |
71.5% |
| FII |
7.4% |
7.3% |
7.3% |
7.2% |
7.2% |
7.2% |
7.1% |
7.1% |
7.0% |
| DII |
0.1% |
0.0% |
0.0% |
0% |
0% |
0% |
0% |
0% |
0% |
| Public |
17.5% |
17.7% |
17.8% |
17.8% |
18.1% |
18.3% |
18.3% |
21.4% |
21.5% |
-
Promoter Holding is stable, indicating long-term confidence.
-
Low institutional exposure signals potential for future institutional interest.
🔍 SWOT Analysis
Strengths
-
Aggressive Expansion through RCFL, RHFL, and ISARC
-
Low Leverage (D/E of 0.04x)
-
High Profitability with robust RoCE and PAT
-
Strategic Acumen in identifying distressed but valuable acquisitions
Weaknesses
-
Low Institutional Holding, limiting market depth
-
Earnings Volatility seen in quarterly performance
-
Lack of ESG Disclosures impacting governance scores
Opportunities
-
Retail Finance via RHFL
-
Fintech Adoption for scalability
-
Potential Subsidiary IPOs
-
Product Cross-Selling across investment and lending verticals
Threats
-
Regulatory Changes in NBFC governance
-
Integration Risk with acquired firms
-
Market Volatility affecting investment performance
-
Competitive Pressure from larger NBFCs and fintechs
📈 Peer Comparison
| Stock |
Current Price |
Market Capitalization |
PE TTM Price to Earnings |
PEG TTM PE to Growth |
ROE Annual % |
RoA Annual % |
Piotroski Score |
Operating Revenue Qtr |
Net Profit Qtr |
Dividend yield 1yr % |
| Authum Investment & Infrastructure Ltd. |
2135.85 |
36276.37 |
8.55 |
-11.59 |
28.87% |
26.36% |
5 |
1451.81 |
1762.59 |
0.05% |
| Bajaj Finance Ltd. |
9081 |
564319.4 |
33.92 |
2.24 |
17.20% |
3.56% |
2 |
18456.85 |
4479.57 |
0.53% |
| Jio Financial Services Ltd. |
267.5 |
169946.54 |
105.39 |
210.24 |
1.30% |
1.20% |
5 |
493.24 |
316.11 |
0.00% |
| Cholamandalam Investments |
1596.6 |
134277.7 |
31.5 |
1.28 |
18.00% |
2.11% |
3 |
7045.57 |
1259.54 |
0.13% |
| Shriram Finance Ltd. |
651.95 |
122591.63 |
12.83 |
0.43 |
16.91% |
3.25% |
4 |
11454.23 |
2143.77 |
1.52% |
| Muthoot Finance Ltd. |
2259.9 |
90726.83 |
18.28 |
0.94 |
17.22% |
4.48% |
4 |
5189.73 |
1389.18 |
2.21% |
🚀 Future Outlook
-
AUM Growth Target: ₹15,000–₹20,000 Cr by FY2026
-
IPO Watch: RHFL or ARC arm may be prepped for public listing
-
ESG Focus: Future investor expectations will demand greater disclosure
🧠 Conclusion
Authum Investment & Infrastructure Ltd has positioned itself as a high-growth, low-leverage diversified financial player. Backed by a solid strategic direction and bold acquisitions, AIIL’s evolution reflects both agility and ambition. However, sustaining this trajectory will require stronger governance disclosures, successful integration of acquired firms, and steady earnings amid market fluctuations.
Investor Takeaway: AIIL offers long-term value with risks around execution. Suitable for high-risk, high-return portfolios tracking the NBFC and investment holding sector.
Discalimer!
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