Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion & Retail Ltd

₹ 226 -0.42%
23 Feb - 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

Business Divisions
The company is divided into two different divisions:-

  • Market Cap 21,470 Cr.
  • Current Price 226
  • High / Low 266 / 184
  • Stock P/E
  • Book Value 31.0
  • Dividend Yield 0.00 %
  • ROCE 5.03 %
  • ROE -2.20 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 34.1 to 26.1 days.

Cons

  • Stock is trading at 7.30 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -11.9% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.31%

* 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.

Peer comparison

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,076 1,822 812 2,054 2,987 2,283 2,875 3,075 3,589 2,880 3,196 3,226 4,167
1,669 1,587 981 1,742 2,405 1,910 2,406 2,679 3,153 2,687 2,904 2,904 3,613
Operating Profit 408 235 -169 313 582 373 468 396 436 193 292 323 553
OPM % 20% 13% -21% 15% 19% 16% 16% 13% 12% 7% 9% 10% 13%
14 18 24 25 27 28 32 22 31 39 61 46 51
Interest 111 121 85 88 88 89 94 104 132 142 187 208 245
Depreciation 231 253 238 242 251 267 270 291 318 348 367 389 444
Profit before tax 80 -122 -468 9 269 45 135 24 17 -259 -201 -229 -85
Tax % 27% -61% 25% 42% 27% 29% 30% -24% 36% 25% 20% 12% -27%
58 -196 -352 5 197 32 94 29 11 -195 -162 -200 -108
EPS in Rs 0.77 -1.62 -4.10 0.06 2.02 0.46 1.04 0.40 0.17 -1.97 -1.49 -1.89 -0.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8,118 8,788 5,249 8,136 12,418 13,469
7,525 7,528 4,666 6,998 10,860 12,108
Operating Profit 593 1,259 583 1,138 1,557 1,361
OPM % 7% 14% 11% 14% 13% 10%
63 63 73 103 123 196
Interest 225 469 530 389 536 783
Depreciation 282 885 963 997 1,227 1,548
Profit before tax 149 -33 -838 -145 -82 -774
Tax % -115% -402% 12% 18% 28%
321 -165 -736 -118 -59 -664
EPS in Rs 3.72 -1.89 -7.93 -1.16 -0.38 -6.17
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: -451%
Stock Price CAGR
10 Years: 10%
5 Years: 1%
3 Years: 7%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: -12%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 773 774 915 938 949 949
Reserves 655 294 1,729 1,835 1,920 1,990
Preference Capital 1 1 1 1 0
1,702 5,284 3,599 4,100 6,573 10,175
3,490 3,406 3,806 5,321 7,348 8,847
Total Liabilities 6,621 9,758 10,049 12,195 16,790 21,961
2,555 4,940 5,627 6,059 8,359 11,486
CWIP 22 48 38 103 204 137
Investments 4 14 418 684 267 318
4,039 4,756 3,966 5,348 7,960 10,021
Total Assets 6,621 9,758 10,049 12,195 16,790 21,961

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
528 644 1,104 951 636
-277 -551 -855 -553 -387
-266 116 -269 -526 326
Net Cash Flow -15 210 -21 -128 574

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 35 42 34 26
Inventory Days 179 205 263 287 277
Days Payable 223 198 307 335 253
Cash Conversion Cycle -9 42 -1 -13 50
Working Capital Days -13 16 7 3 27
ROCE % 9% -5% 3% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.10% 56.12% 56.13% 56.12% 56.09% 56.09% 56.08% 55.47% 55.47% 55.47% 55.45% 55.45%
13.95% 13.91% 13.83% 13.51% 13.18% 13.23% 14.14% 14.59% 14.39% 14.20% 14.03% 14.15%
17.53% 16.63% 17.79% 18.76% 19.52% 19.59% 18.99% 18.68% 18.45% 16.86% 17.01% 17.00%
0.55% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.00% 0.00% 0.00%
11.37% 12.45% 11.33% 10.69% 10.32% 10.21% 9.87% 10.33% 10.77% 12.94% 13.01% 12.91%
0.50% 0.50% 0.53% 0.52% 0.50% 0.49% 0.52% 0.55% 0.51% 0.51% 0.50% 0.50%
No. of Shareholders 1,99,0121,98,7381,97,9692,26,5462,25,3842,35,0232,34,6282,44,8282,57,4092,91,9062,99,0832,89,693

* 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

Concalls