The roll-up lens — proving the thesis deal by deal, and surfacing the integration drag that holds margin back.
The roll-up thesis is working — +$649.6800000000001M of EBITDA captured and 74% of synergy banked — but 4 in-flight businesses ($4466.55M revenue) still hold margin back. Finish their cutover to close the gap to 100% synergy, the highest-return work in the company.
2 of 4 headline metrics improving vs prior · still off target: Synergy Realization 4.2% vs 5.0%, EBITDA Margin 18.2% vs 19.0%, Days Sales Outstanding 62d vs 55d
Avg synergy is only 74% of plan banked; the unrealized balance is EBITDA already underwritten but not yet captured.
Birla Cellulose is the weakest cohort on synergy capture; a 90-day savings plan on the gap is unrealized EBITDA.
Move to credit hold pending paydown; reforecast ARR net of likely churn.
Distress filings + overdue AR; churn risk High on $6.4M account.
Gates the cohort cutover (and the exit).
Pavion is built by acquisition. This view shows, for each business bought, what we paid for vs what it earns now — and flags the ones still mid-integration where ~+$21M of profit, faster cash and lower churn are still on the table.
Finishing the 4 in-flight businesses (Birla Pivot, Livaeco, Aditya Birla Renewables, Birla Cellulose) closes the gap to 100% — the single highest-return work in the company.
Each card: what changed since purchase, how far integration has gone, and the next move.
Each cohort ranked within the set on five KPIs (direction per metric), then a composite Overall Rank from summed rank points — the dashboard's RANKX leaderboard. Top & bottom highlighted.
| Overall | Unit | Revenue↑ better | EBITDA %↑ better | ARR↑ better | Synergy %↑ better | DSO gain↑ better | Rank pts |
|---|---|---|---|---|---|---|---|
| 1 | UltraTech Cement | $2599M#1 | 433%#1 | $1408M#1 | 88%#3 | 12d#2 | 8 |
| 2 | Birla Opus | $920M#5 | 379%#2 | $325M#5 | 92%#1 | 13d#1 | 14 |
| 3 | Birla Pivot | $1570M#2 | 352%#3 | $514M#2 | 74%#5 | 9d#5 | 17 |
| 4 | Aditya Birla Capital | $596M#7 | 352%#3 | $217M#7 | 90%#2 | 12d#2 | 21 |
| 4 | Aditya Birla Renewables | $1002M#4 | 325%#5 | $352M#4 | 78%#4 | 11d#4 | 21 |
| 6 | Livaeco | $1110M#3 | 298%#6 | $379M#3 | 55%#6 | 6d#6 | 24 |
| 7 | Birla Cellulose | $785M#6 | 244%#7 | $244M#6 | 40%#7 | 3d#7 | 33 |
Higher EBITDA %, revenue, ARR and synergy rank better; DSO gain = days of receivables improvement since acquisition (more = better). Composite rank points are the sum of the five per-KPI ranks (lower = better).
As-acquired → current across EBITDA, DSO, integration and synergy.
| Brand | Yr | Revenue | ARR | EBITDA % | DSO | Integrated | Synergy | Status |
|---|---|---|---|---|---|---|---|---|
| Birla Opus | 2021 | $920.38M | $324.84M | 243.63→378.98 | 71→58d | 100% | 92% | Integrated |
| Aditya Birla Capital | 2021 | $595.54M | $216.56M | 216.56→351.91 | 66→54d | 100% | 90% | Integrated |
| UltraTech Cement | 2022 | $2598.73M | $1407.64M | 297.77→433.12 | 68→56d | 95% | 88% | Integrated |
| Birla Pivot | 2023 | $1570.06M | $514.33M | 270.7→351.91 | 70→61d | 82% | 74% | In progress |
| Livaeco | 2024 | $1109.87M | $378.98M | 243.63→297.77 | 73→67d | 60% | 55% | In progress |
| Aditya Birla Renewables | 2024 | $1001.59M | $351.91M | 243.63→324.84 | 71→60d | 80% | 78% | In progress |
| Birla Cellulose | 2024 | $785.03M | $243.63M | 216.56→243.63 | 69→66d | 45% | 40% | Early |