Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion & Retail Ltd

₹ 79.7 2.07%
07 Nov - close price
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 9,710 Cr.
  • Current Price 79.7
  • High / Low 115 / 70.6
  • Stock P/E
  • Book Value 51.2
  • Dividend Yield 0.00 %
  • ROCE -2.87 %
  • ROE -10.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 39.1 to 18.5 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.51% over past five years.
  • Company has a low return on equity of -11.0% over last 3 years.
  • Earnings include an other income of Rs.450 Cr.
  • Promoter holding has decreased over last 3 years: -9.47%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,075 3,589 2,880 3,196 3,226 4,167 1,575 1,674 1,761 2,201 1,719 1,831 1,982
2,679 3,153 2,687 2,904 2,904 3,613 1,540 1,585 1,683 1,908 1,520 1,726 1,920
Operating Profit 396 436 193 292 323 553 35 89 77 293 199 106 62
OPM % 13% 12% 7% 9% 10% 13% 2% 5% 4% 13% 12% 6% 3%
22 31 39 61 46 51 84 57 134 98 233 64 55
Interest 104 132 142 187 208 245 152 132 141 151 143 113 124
Depreciation 291 318 348 367 389 444 287 274 286 301 302 316 325
Profit before tax 24 17 -259 -201 -229 -85 -321 -260 -217 -60 -12 -260 -333
Tax % -24% 36% -25% -20% -12% 27% -17% -17% -19% -30% 93% -10% -11%
29 11 -195 -162 -200 -108 -266 -215 -175 -42 -24 -234 -295
EPS in Rs 0.40 0.17 -1.97 -1.49 -1.89 -0.82 -2.26 -1.59 -1.36 -0.48 -0.14 -1.74 -2.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
8,118 8,788 5,249 8,136 12,418 6,441 7,351 7,733
7,525 7,528 4,666 6,998 10,860 6,033 6,653 7,073
Operating Profit 593 1,259 583 1,138 1,557 408 699 660
OPM % 7% 14% 11% 14% 13% 6% 10% 9%
63 63 73 103 123 319 525 450
Interest 225 469 530 389 536 588 608 532
Depreciation 282 885 963 997 1,227 1,017 1,166 1,243
Profit before tax 149 -33 -838 -145 -82 -877 -550 -665
Tax % -115% 402% -12% -18% -28% -16% -17%
321 -165 -736 -118 -59 -736 -456 -595
EPS in Rs 3.72 -1.89 -7.93 -1.16 -0.38 -6.19 -3.08 -4.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: -3%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4%
Stock Price CAGR
10 Years: 1%
5 Years: 8%
3 Years: -11%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -11%
Last Year: -11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 773 774 915 938 949 1,015 1,220 1,220
Reserves 655 294 1,729 1,835 2,394 3,007 5,592 5,032
1,703 5,285 3,600 4,100 6,573 9,451 5,017 5,665
3,489 3,406 3,805 5,321 6,873 8,317 4,565 5,723
Total Liabilities 6,621 9,758 10,049 12,195 16,790 21,790 16,394 17,641
2,555 4,940 5,627 6,059 8,359 11,879 9,417 9,649
CWIP 22 48 38 103 204 171 181 271
Investments 4 14 418 684 267 985 1,749 1,625
4,039 4,756 3,966 5,348 7,960 8,756 5,046 6,097
Total Assets 6,621 9,758 10,049 12,195 16,790 21,790 16,394 17,641

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
528 644 1,104 951 636 1,341 1,644
-277 -551 -855 -553 -387 -2,992 -1,665
-266 116 -269 -526 326 1,412 334
Net Cash Flow -15 210 -21 -128 574 -239 313

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 35 35 42 34 26 73 19
Inventory Days 179 205 263 287 277 532 282
Days Payable 223 198 307 335 253 487 258
Cash Conversion Cycle -9 42 -1 -13 50 117 43
Working Capital Days -34 -75 -65 -53 -24 -72 -11
ROCE % 9% -5% 3% 5% -4% -3%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
55.47% 55.47% 55.47% 55.45% 55.45% 51.85% 51.97% 49.25% 49.24% 46.58% 46.58% 46.61%
14.59% 14.39% 14.20% 14.03% 14.15% 19.50% 19.99% 19.68% 18.35% 22.20% 17.63% 18.62%
18.68% 18.45% 16.86% 17.01% 17.00% 14.84% 14.45% 14.76% 14.56% 14.65% 12.14% 8.07%
0.39% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
10.33% 10.77% 12.94% 13.01% 12.91% 13.35% 13.12% 15.89% 17.43% 16.23% 23.29% 26.33%
0.55% 0.51% 0.51% 0.50% 0.50% 0.46% 0.45% 0.42% 0.41% 0.36% 0.35% 0.35%
No. of Shareholders 2,44,8282,57,4092,91,9062,99,0832,89,6933,12,4003,00,8683,00,2703,21,6233,20,9573,93,5183,91,980

* 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.

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