Aditya Birla Fashion & Retail Ltd logo

Aditya Birla Fashion & Retail Ltd

ABFRL NSE

Key Fundamentals

MicrocapSpeciality RetailRetail
Market Cap
₹6,713 Cr
Volatility
Moderate
P/E Ratio
-8
EBITDA
₹996 Cr
Return on Equity
-13.25%
Debt to Equity
1.06
Book Value
₹47.96
EPS
₹0
52W High
₹94.95
52W Low
₹53.51

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY05–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Stock is trading at 1.16 times its book value
  • Debtor days have improved from 36.5 to 18.2 days.

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.27% over past five years.
  • Company has a low return on equity of -14.0% over last 3 years.
  • Earnings include an other income of Rs.262 Cr.
  • Promoter holding has decreased over last 3 years: -8.86%

Growth Rate

Revenue Growth
12.40% ↗
Net Income Growth
32.95% ↗
Cash Flow Change
-90.44% ↘
ROE
44.65% ↘
ROCE
165.55% ↘
EBITDA Margin (Avg.)
1.65% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Aditya Birla Fashion & Retail Ltd has a market cap of Rs.7,269 Cr with a negative PE of -8.7x, reflecting continued losses. The company shows TTM sales growth of 11% but carries persistently negative ROE of -12% to -13% over 3-5 years, with a stock price decline of 19% over the past year.

Bull Case 6
  • TTM revenue growth of 11% indicates improving top-line momentum after a 3-year compounded sales decline of -13%
  • Debtor days improved significantly from 36.5 to 18.2 days, reflecting better working capital management and faster collections
  • Price-to-book ratio of 1.23x is relatively modest for a branded retail play with multiple established brands under its portfolio
  • 5-year compounded sales growth of 9% demonstrates the company's ability to scale revenue over medium-term cycles
  • 10-year stock CAGR of 2% shows the company has at least preserved some long-term value despite recent struggles
  • Other income of Rs.270 Cr provides a buffer to reported financials, indicating diversified income streams or asset monetization potential
Bear Case 8
  • Negative PE of -8.7x confirms the company is loss-making, with compounded profit declining at -25% TTM and -2% over 5 years
  • 3-year ROE of -13% and last year ROE of -12% indicate persistent destruction of shareholder value with no near-term profitability inflection visible
  • Low interest coverage ratio signals significant debt servicing pressure relative to operating earnings
  • Promoter holding has decreased by 8.86% over the last 3 years, suggesting dilution or lack of promoter confidence
  • Stock price has declined 19% over 1 year and -9% CAGR over 3 years, materially underperforming broader markets
  • Zero dividend yield offers no income cushion to investors during the extended loss-making phase
  • 5-year sales growth of only 9.27% is modest for a retail company operating in a high-growth Indian consumption market
  • Earnings quality is questionable as Rs.270 Cr of other income forms a material component of reported financials rather than core operating profit

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 1
  • ₹51.5 lakh GST penalty imposed Jul 25

    Nagole GST Division, Hyderabad imposed a penalty of ₹51,52,528 on ABFRL over an input tax credit dispute from FY20-21. Minor financial impact but signals regulatory scrutiny.

Positives 3
  • Revenue up 11% in FY26 Aug 1

    Consolidated revenue rose 11% YoY to ₹8,177 crore in FY25-26 with EBITDA of ₹967 crore (11.8% margin). Ethnic segment grew 14% to ₹2,227 crore with 560 bps margin expansion, and TMRW digital portfolio surged 34% to ₹876 crore.

  • Merger effective Aug 1, 2026 Jul 10

    NCLT-approved merger with Jaypore E-Commerce and TG Apparel became effective Aug 1, 2026, consolidating ethnic and digital verticals into the parent entity.

  • Retail network expansion continues Aug 1

    Store count expanded to 1,273 across 7.9 million sq. ft., with e-commerce contributing approximately 16% of total revenue.

Neutral 1
  • 19th AGM scheduled Aug 25 Aug 2

    Remote e-voting window set for Aug 21-24, 2026, with the AGM on Aug 25 via video conference. Eligibility cut-off date is Aug 18.

TL;DR: ABFRL is delivering solid top-line growth at 11% YoY with strong momentum in its Ethnic (14% growth) and digital-first TMRW (34% growth) segments, while EBITDA margins are expanding meaningfully. The GST penalty of ₹51.5 lakh is negligible relative to the company's scale. The NCLT-approved merger simplifies the corporate structure ahead of the AGM. The trend is improving with diversified growth engines firing, though sustaining margin expansion across all segments remains the key monitorable.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,196
3,226
4,167
1,575
1,674
1,761
2,201
1,719
1,831
1,982
2,374
1,990
2,026
Expenses
2,904
2,904
3,613
1,540
1,585
1,683
1,908
1,520
1,726
1,920
2,072
1,802
1,915
Operating Profit
292
323
553
35
89
77
293
199
106
62
302
188
111
OPM %
9%
10%
13%
2.2%
5%
4.4%
13%
12%
6%
3.1%
13%
9%
5%
Other Income
61
46
51
84
57
134
95
243
64
55
40
112
56
Interest
187
208
245
152
132
141
151
143
113
124
132
146
137
Depreciation
367
389
444
287
274
286
296
315
316
325
350
349
350
PBT
-201
-229
-85
-321
-260
-217
-59
-15
-260
-333
-141
-195
-320
Tax %
-20%
-12%
27%
-17%
-17%
-19%
-28%
52%
-10%
-11%
-3%
-16%
-22%
Net Profit
-162
-200
-108
-266
-215
-175
-42
-24
-234
-295
-137
-164
-249
EPS in Rs
-1.49
-1.89
-0.82
-2.26
-1.59
-1.36
-0.48
-0.14
-1.74
-2.16
-1.25
-1.22
-1.76
Figures in ₹ Crores

Profit & Loss

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8,118
8,788
5,249
8,136
12,418
6,441
7,351
8,176
8,371
Expenses
7,525
7,528
4,666
6,998
10,860
6,033
6,653
7,474
7,709
Operating Profit
593
1,259
583
1,138
1,557
408
699
702
662
OPM %
7%
14%
11%
14%
13%
6%
10%
9%
8%
Other Income
63
63
73
103
123
319
525
270
262
Interest
225
469
530
389
536
588
608
561
539
Depreciation
282
885
963
997
1,227
1,017
1,166
1,339
1,374
PBT
149
-33
-838
-145
-82
-877
-550
-928
-989
Tax %
-115%
402%
-12%
-18%
-28%
-16%
-17%
-11%
—
Net Profit
321
-165
-736
-118
-59
-736
-456
-830
-845
EPS in Rs
3.72
-1.89
-7.93
-1.16
-0.38
-6.19
-3.08
-6.36
-6.39
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
773
774
915
938
949
1,015
1,220
1,221
Reserves
655
294
1,729
1,835
2,394
3,007
5,592
4,619
Borrowings
1,703
5,285
3,600
4,100
6,573
9,451
5,017
6,189
Other Liabilities
3,489
3,406
3,805
5,321
6,873
8,317
4,565
5,367
Total Liabilities
6,621
9,758
10,049
12,195
16,790
21,790
16,394
17,395
Fixed Assets
2,555
4,940
5,627
6,059
8,359
11,879
9,417
10,377
CWIP
22
48
38
103
204
171
181
98
Investments
4
14
418
684
267
985
1,749
1,240
Other Assets
4,039
4,756
3,966
5,348
7,960
8,756
5,046
5,680
Total Assets
6,621
9,758
10,049
12,195
16,790
21,790
16,394
17,395
Figures in ₹ Crores

Cash Flow

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
528
644
1,104
951
636
1,341
1,681
161
Investing
-277
-551
-855
-553
-387
-2,992
-1,665
-267
Financing
-266
116
-269
-526
326
1,412
296
-594
Net Cash Flow
-15
210
-21
-128
574
-239
313
-700
Free Cash Flow
248
332
945
632
-35
600
1,089
-295
CFO/OP
92
52
190
85
41
339
246
34
Figures in ₹ Crores

Ratios

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
35
35
42
34
26
73
19
18
Inventory Days
179
205
263
287
277
532
282
298
Days Payable
223
198
307
335
253
487
258
262
Cash Conversion Cycle
-9
42
-1
-13
50
117
43
54
Working Capital Days
-34
-75
-65
-53
-24
-72
-11
-16
ROCE %
—
9%
-5%
3%
5%
-4%
-3%
-4%

Shareholding Pattern

As of Jun 2026
Promoters 46.61%
Public 24.26%
FIIs 12.88%
Others 10.57%
DIIs 5.68%
Total 100.00%
  Jan 2021Feb 2021Mar 2021Jun 2021Aug 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025Feb 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.10%
55.10%
56.10%
56.12%
56.13%
56.13%
56.12%
56.09%
56.09%
56.08%
55.47%
55.47%
55.47%
55.45%
55.45%
51.85%
51.97%
49.25%
49.24%
46.28%
46.58%
46.58%
46.57%
46.61%
46.61%
46.61%
46.61%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.02%
0.00%
19.50%
19.99%
19.69%
18.35%
20.55%
22.44%
22.19%
17.63%
18.63%
18.37%
15.52%
12.88%
DIIs
19.46%
18.53%
17.50%
16.60%
17.32%
17.76%
18.72%
19.47%
19.50%
18.90%
19.07%
18.85%
16.87%
17.01%
16.84%
14.83%
14.45%
14.76%
14.57%
15.93%
14.88%
14.64%
12.14%
8.07%
7.89%
6.62%
5.68%
Government
0.55%
0.55%
0.55%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.99%
8.56%
8.39%
9.01%
9.07%
8.68%
8.26%
8.16%
8.08%
7.82%
8.10%
8.64%
10.48%
10.49%
10.37%
10.67%
9.91%
11.56%
12.35%
11.75%
10.98%
10.97%
16.20%
18.36%
18.28%
20.89%
24.26%
Others
16.91%
17.27%
17.46%
17.88%
17.09%
17.03%
16.50%
15.89%
15.94%
17.20%
17.36%
17.04%
17.18%
3.03%
17.34%
3.15%
3.68%
4.75%
5.49%
5.49%
5.13%
5.62%
7.45%
8.33%
8.85%
10.36%
10.57%
No. of Shareholders
2,00,342
2,10,596
1,99,012
1,98,738
2,01,858
1,97,969
2,26,546
2,25,384
2,35,023
2,34,628
2,44,828
2,57,409
2,91,906
2,99,083
2,89,693
3,11,436
3,00,868
3,36,701
3,21,623
3,26,782
3,26,787
3,20,957
3,93,518
3,91,980
3,76,993
3,69,727
3,68,478

Documents

Frequently Asked Questions about Aditya Birla Fashion & Retail Ltd

What does Aditya Birla Fashion & Retail Ltd do?
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...
Where is Aditya Birla Fashion & Retail Ltd (ABFRL) listed?
Aditya Birla Fashion & Retail Ltd is listed on the Indian stock exchanges. It is listed on NSE: ABFRL and BSE: 535755. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Aditya Birla Fashion & Retail Ltd belong to?
Aditya Birla Fashion & Retail Ltd operates in the Retail sector within the Speciality Retail industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Aditya Birla Fashion & Retail Ltd?
Aditya Birla Fashion & Retail Ltd has a market capitalisation of approximately ₹6712.81 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Aditya Birla Fashion & Retail Ltd?
The Price-to-Earnings (PE) ratio of Aditya Birla Fashion & Retail Ltd is -8.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Aditya Birla Fashion & Retail Ltd?
Over the past 52 weeks, Aditya Birla Fashion & Retail Ltd has traded between a low of ₹53.51 and a high of ₹94.95. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Aditya Birla Fashion & Retail Ltd?
Aditya Birla Fashion & Retail Ltd has a Return on Equity (ROE) of -13.25%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Aditya Birla Fashion & Retail Ltd on Tapetide?
On Tapetide, you can view Aditya Birla Fashion & Retail Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website abfrl.com
CEO Mr. Ashish Dikshit
Employees 33,085
Listed 2013-07-17
Face Value ₹ 10
Issued Size 1,22,04,92,475

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