This Conglomerate Reports Increase in M-Cap in FY25; Defeats Adani, Ambani & Tata

Financial year 2024-25 proved to be a challenging year not just for the Indian equity markets, but for the biggest conglomerates as well. Grappling with heightened FII outflows, mounting trade war jitters and valuation concerns, established ventures including group companies of Mukesh Ambani, Gautam Adani, Kumar Mangalam Birla, and the Tatas struggled to stay on their feet.

As per analysis by Mint, out of the four prominent Indian conglomerates, Aditya Birla group saw a significant uptick in the market capitalisation of its group companies in FY25.

How have Aditya Group Companies performed?

Of the 40 Aditya Birla group companies, 26 reported an increase in their share prices, while 14 suffered losses, Capitaline data said. The market capitalisation went up by ₹1,45,495 crore in the financial year 2024-25 (FY25). UltraTech Cement reported a surge in market capitalisation by ₹57,680 crore.

Remaining positive on the sector, UBS gave a ‘buy’ recommendation to the stock by raising it to ₹13,000 from ₹9,000

Chambal Fertilisers, Aditya Birla Fashion, Hindalco Industries and Grasim also made a significant contribution towards the group’s market cap. On the other hand, Kesoram Industries and Birla Corporation were the top losers.

How have others performed?

1. Adani Group

None of the Adani Group companies reported an increase in their share prices as Adani Green slumped by 48% in FY25, wiping out nearly ₹1,40,171 crore in market cap. Adani Enterprises saw a wealth erosion of ₹96,093 crore in the recently-concluded financial year.

During FY25, Adani Group stocks fell in the range of 5-48%. This fall can be attributed to the challenges faced by the company which included allegations of bribery and fraud.

2. Ambani Group

The market capitalisation of Reliance Industries fell to ₹3,78,758 crore. Shares of RIL tanked by 14% in FY26 wiping out ₹2,88,633 crore from the group’s market cap. The stock witnessed heightened selloff amid poor earnings.

3. Tata Group

The market capitalisation of Tata Group fell by ₹2,58,770 crore, as nearly nine out of 25 companies gained while 16 reported decline.

Tata Motors and Tata Consultancy Services (TCS) reported m-cap erosion of ₹1,15,365 crore and ₹1,00,981 crore, respectively. Shares of Tata Motors fell by 32% on the back of weak sales and tariff concerns. TCS shares fell by 19% in this period amid fall in discretionary spending in the US and fears of recession