Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion & Retail Ltd

₹ 70.8 1.35%
23 Feb 10:30 a.m.
About

Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in 2015.
ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe. [1]

Key Points

Demerger Proposal[1]
On April 19, 2024, the board of Aditya Birla Fashion and Retail Limited (ABFRL) approved demerger of Madura Fashion and Lifestyle (MFL) into a separate listed company, Aditya Birla Lifestyle Brands Ltd (ABLBL), to accelerate growth and value creation by forming two distinct listed entities.
The demerger will proceed through an NCLT scheme of arrangement, with ABFRL shareholders retaining identical stakes in both companies. ABFRL also plans to raise Rs 2,500 crore in equity capital within 12 months post-demerger.

  • Market Cap 8,639 Cr.
  • Current Price 70.8
  • High / Low 106 / 59.8
  • Stock P/E
  • Book Value 66.8
  • Dividend Yield 0.00 %
  • ROCE -0.17 %
  • ROE -3.01 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.05 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.49% over past five years.
  • Company has a low return on equity of -3.16% over last 3 years.
  • Earnings include an other income of Rs.395 Cr.
  • Promoter holding has decreased over last 3 years: -8.86%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
3,359 2,651 2,987 2,995 3,753 1,197 1,389 1,387 1,639 1,194 1,393 1,492 1,642
2,908 2,426 2,623 2,614 3,194 1,143 1,232 1,249 1,376 991 1,213 1,327 1,399
Operating Profit 451 225 364 381 559 54 157 138 262 203 179 165 242
OPM % 13% 8% 12% 13% 15% 5% 11% 10% 16% 17% 13% 11% 15%
27 33 58 45 44 63 59 -29 93 246 64 51 34
Interest 118 123 165 184 221 126 109 111 119 108 77 82 86
Depreciation 288 310 323 343 392 226 223 226 236 231 246 254 272
Profit before tax 73 -175 -65 -101 -9 -234 -116 -228 0 109 -79 -120 -82
Tax % 22% -27% -25% -26% 84% -27% -32% -14% -18,647% -8% -24% -24% -25%
57 -128 -49 -75 -16 -172 -79 -195 28 119 -60 -91 -62
EPS in Rs 0.60 -1.35 -0.51 -0.79 -0.17 -1.70 -0.78 -1.82 0.26 0.97 -0.49 -0.74 -0.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,661 1,851 6,034 6,603 7,172 8,118 8,743 5,181 7,824 11,737 5,202 5,609 5,720
1,615 1,775 5,620 6,123 6,661 7,525 7,470 4,560 6,709 10,087 4,652 4,822 4,931
Operating Profit 46 75 414 480 511 593 1,273 621 1,116 1,650 550 787 790
OPM % 3% 4% 7% 7% 7% 7% 15% 12% 14% 14% 11% 14% 14%
4 2 25 37 30 63 62 72 94 110 295 375 395
Interest 129 122 211 220 212 225 467 525 376 480 482 474 353
Depreciation 109 183 338 242 281 282 877 945 947 1,114 814 924 1,004
Profit before tax -188 -228 -110 54 49 149 -9 -776 -113 166 -450 -237 -172
Tax % 0% 0% 0% 0% -141% -115% 1,497% -16% -29% 20% -31% -46%
-188 -228 -110 54 118 321 -145 -650 -81 133 -312 -128 -94
EPS in Rs -18.12 -22.02 -1.28 0.62 1.37 3.72 -1.68 -7.66 -0.86 1.40 -3.07 -1.05 -0.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: -8%
3 Years: -11%
TTM: 2%
Compounded Profit Growth
10 Years: 1%
5 Years: -11%
3 Years: -40%
TTM: 55%
Stock Price CAGR
10 Years: 4%
5 Years: 2%
3 Years: -5%
1 Year: -21%
Return on Equity
10 Years: -4%
5 Years: -6%
3 Years: -3%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 93 93 769 771 772 773 774 915 938 949 1,015 1,220 1,220
Reserves 486 252 133 188 321 655 312 1,770 1,944 2,838 4,638 7,078 6,934
1,051 1,311 1,850 2,045 1,861 1,703 5,244 3,503 3,823 5,679 8,392 3,397 3,641
523 486 1,831 2,033 2,779 3,489 3,359 3,575 4,896 6,008 6,346 2,586 2,838
Total Liabilities 2,153 2,142 4,582 5,036 5,734 6,621 9,689 9,763 11,601 15,473 20,390 14,281 14,633
1,633 1,579 2,323 2,487 2,582 2,555 4,728 4,506 4,751 6,245 9,442 6,189 6,346
CWIP 25 4 25 25 46 22 44 35 61 146 127 150 209
Investments 6 0 0 0 4 4 170 989 1,373 1,551 2,635 3,766 3,312
489 559 2,234 2,524 3,101 4,039 4,747 4,233 5,416 7,531 8,187 4,177 4,767
Total Assets 2,153 2,142 4,582 5,036 5,734 6,621 9,689 9,763 11,601 15,473 20,390 14,281 14,633

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
70 -36 311 425 595 528 662 1,150 1,003 921 1,663 1,803
681 -109 -186 -446 -325 -277 -574 -985 -560 -643 -3,505 -1,508
-766 141 -133 51 -247 -266 120 -266 -500 256 1,505 133
Net Cash Flow -14 -4 -8 30 23 -15 208 -101 -56 535 -337 428

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 4 1 19 25 28 35 35 51 35 26 72 10
Inventory Days 137 156 187 174 182 179 204 251 272 254 536 245
Days Payable 144 114 190 177 216 223 197 336 333 247 512 254
Cash Conversion Cycle -3 44 16 22 -6 -9 42 -34 -25 33 95 1
Working Capital Days -24 -64 -57 -31 -30 -34 -75 -64 -57 -30 -87 -9
ROCE % -3% -6% 5% 10% 9% 12% 10% -4% 4% 7% -2% -0%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
55.47% 55.47% 55.45% 55.45% 51.85% 51.97% 49.25% 49.24% 46.58% 46.58% 46.61% 46.61%
14.39% 14.20% 14.03% 14.15% 19.50% 19.99% 19.68% 18.35% 22.20% 17.63% 18.62% 18.36%
18.45% 16.86% 17.01% 17.00% 14.84% 14.45% 14.76% 14.56% 14.65% 12.14% 8.07% 7.90%
0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
10.77% 12.94% 13.01% 12.91% 13.35% 13.12% 15.89% 17.43% 16.23% 23.29% 26.33% 26.79%
0.51% 0.51% 0.50% 0.50% 0.46% 0.45% 0.42% 0.41% 0.36% 0.35% 0.35% 0.34%
No. of Shareholders 2,57,4092,91,9062,99,0832,89,6933,12,4003,00,8683,00,2703,21,6233,20,9573,93,5183,91,9803,76,993

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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