Aditya Birla Fashion & Retail Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:56 am

Market Cap	30,229 Cr.
Current Price	282
High / Low	364/198
Stock P/E
Book Value	38.3
Dividend Yield	0.00 %
ROCE	0.25 %
ROE	18.9 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Go Fashion (India) Ltd	5,285 Cr.	979	1,408/933	61.6	121	0.00 %	15.7 %	14.6 %	10.0
7NR Retail Ltd	14.5 Cr.	5.18	10.7/4.72		9.87	0.00 %	3.31 %	4.00 %	10.0
Vaibhav Global Ltd	4,811 Cr.	289	543/263	37.4	77.9	2.07 %	14.0 %	10.8 %	2.00
V2 Retail Ltd	5,334 Cr.	1,542	1,688/278	128	83.5	0.00 %	10.8 %	10.6 %	10.0
Trent Ltd	2,42,853 Cr.	6,832	8,346/2,941	179	132	0.05 %	23.8 %	27.2 %	1.00
Industry Average	48,714.50 Cr	1,171.68		85.90	76.93	0.27%	20.35%	29.03%	6.33

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	812	2,054	2,987	2,283	2,875	3,075	3,589	2,880	3,196	3,226	4,167	3,407	3,428
Expenses	981	1,742	2,405	1,910	2,406	2,679	3,153	2,687	2,904	2,904	3,613	3,123	3,070
Operating Profit	-169	313	582	373	468	396	436	193	292	323	553	284	358
OPM %	-21%	15%	19%	16%	16%	13%	12%	7%	9%	10%	13%	8%	10%
Other Income	24	25	27	28	32	22	31	39	61	46	51	93	48
Interest	85	88	88	89	94	104	132	142	187	208	245	236	220
Depreciation	238	242	251	267	270	291	318	348	367	389	444	455	436
Profit before tax	-468	9	269	45	135	24	17	-259	-201	-229	-85	-314	-250
Tax %	-25%	42%	27%	29%	30%	-24%	36%	-25%	-20%	-12%	27%	-15%	-14%
Net Profit	-352	5	197	32	94	29	11	-195	-162	-200	-108	-266	-215
EPS in Rs	-4.10	0.06	2.02	0.46	1.04	0.40	0.17	-1.97	-1.49	-1.89	-0.82	-2.26	-1.59

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 3:53 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	8,118	8,788	5,249	8,136	12,418	13,996	14,228
Expenses	7,525	7,528	4,666	6,998	10,860	12,474	12,710
Operating Profit	593	1,259	583	1,138	1,557	1,522	1,518
OPM %	7%	14%	11%	14%	13%	11%	11%
Other Income	63	63	73	103	123	246	238
Interest	225	469	530	389	536	941	909
Depreciation	282	885	963	997	1,227	1,655	1,724
Profit before tax	149	-33	-838	-145	-82	-829	-877
Tax %	-115%	402%	-12%	-18%	-28%	-11%
Net Profit	321	-165	-736	-118	-59	-736	-789
EPS in Rs	3.72	-1.89	-7.93	-1.16	-0.38	-6.19	-6.56
Dividend Payout %	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-151.40%	-346.06%	83.97%	50.00%	-1147.46%
Change in YoY Net Profit Growth (%)	0.00%	-194.66%	430.03%	-33.97%	-1197.46%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	12%
3 Years:	39%
TTM:	14%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-1%
TTM:	-36%

Stock Price CAGR
10 Years:	9%
5 Years:	5%
3 Years:	0%
1 Year:	28%

Return on Equity
10 Years:	%
5 Years:	-14%
3 Years:	-10%
Last Year:	-19%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:05 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	773	774	915	938	949	1,015	1,071
Reserves	655	294	1,729	1,835	2,394	3,019	3,031
Borrowings	1,703	5,285	3,600	4,100	6,573	9,451	9,999
Other Liabilities	3,489	3,406	3,805	5,321	6,873	8,269	8,576
Total Liabilities	6,621	9,758	10,049	12,195	16,790	21,754	22,677
Fixed Assets	2,555	4,940	5,627	6,059	8,359	11,867	12,401
CWIP	22	48	38	103	204	171	202
Investments	4	14	418	684	267	985	607
Other Assets	4,039	4,756	3,966	5,348	7,960	8,731	9,467
Total Assets	6,621	9,758	10,049	12,195	16,790	21,754	22,677

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	528	644	1,104	951	636	1,341
Cash from Investing Activity +	-277	-551	-855	-553	-387	-2,992
Cash from Financing Activity +	-266	116	-269	-526	326	1,412
Net Cash Flow	-15	210	-21	-128	574	-239

Free Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	592.00	-4.00	580.00	-3.00	-5.00	-8.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	35	35	42	34	26	33
Inventory Days	179	205	263	287	277	262
Days Payable	223	198	307	335	253	241
Cash Conversion Cycle	-9	42	-1	-13	50	55
Working Capital Days	-13	16	7	3	25	42
ROCE %		9%	-5%	3%	5%	0%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	56.12%	56.09%	56.09%	56.08%	55.47%	55.47%	55.47%	55.45%	55.45%	51.85%	51.97%	49.26%
FIIs	13.51%	13.18%	13.23%	14.14%	14.59%	14.39%	14.20%	14.03%	14.15%	19.50%	19.99%	19.09%
DIIs	18.76%	19.52%	19.59%	18.99%	18.68%	18.45%	16.86%	17.01%	17.00%	14.84%	14.45%	15.53%
Government	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	10.69%	10.32%	10.21%	9.87%	10.33%	10.77%	12.94%	13.01%	12.91%	13.35%	13.12%	15.69%
Others	0.52%	0.50%	0.49%	0.52%	0.55%	0.51%	0.51%	0.50%	0.50%	0.46%	0.45%	0.42%
No. of Shareholders	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	3,12,400	3,00,868	3,36,701

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Small Cap Fund	31,511,905	4.13	1100.4	7,755,029	2024-12-21	306.34%
Nippon India Small Cap Fund	7,755,029	0.43	270.81	7,755,029	2024-12-21	0%
Quant Active Fund	7,707,703	2.4	269.15	7,755,029	2024-12-21	-0.61%
Tata Large & Mid Cap Fund - Regular Plan	6,000,000	2.41	209.52	7,755,029	2024-12-21	-22.63%
Tata Large & Mid Cap Fund - Regular Plan	6,000,000	2.41	209.52	7,755,029	2024-12-21	-22.63%
Nippon India Multi Cap Fund	5,500,000	0.48	192.06	7,755,029	2024-12-21	-29.08%
Quant Flexi Cap Fund	3,975,000	1.75	138.81	7,755,029	2024-12-21	-48.74%
Nippon India Arbitrage Fund	3,972,800	0.91	138.73	7,755,029	2024-12-21	-48.77%
Kotak Equity Arbitrage Fund - Regular Plan	3,562,000	0.23	124.39	7,755,029	2024-12-21	-54.07%
Aditya Birla Sun Life Midcap Fund	2,400,000	1.3	83.81	7,755,029	2024-12-21	-69.05%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-6.52	-0.38	-1.18	-8.23	-2.11
Diluted EPS (Rs.)	-6.52	-0.38	-1.18	-8.23	-2.11
Cash EPS (Rs.)	8.93	12.23	9.34	2.48	9.31
Book Value[Excl.RevalReserv]/Share (Rs.)	46.51	35.27	29.72	29.25	14.05
Book Value[Incl.RevalReserv]/Share (Rs.)	46.51	35.27	29.72	29.25	14.05
Revenue From Operations / Share (Rs.)	137.89	130.88	86.71	57.36	113.55
PBDIT / Share (Rs.)	16.65	16.97	12.79	6.86	16.50
PBIT / Share (Rs.)	0.34	4.04	2.17	-3.66	5.06
PBT / Share (Rs.)	-8.29	-0.94	-1.57	-9.15	-0.42
Net Profit / Share (Rs.)	-7.38	-0.69	-1.29	-8.04	-2.13
NP After MI And SOA / Share (Rs.)	-6.19	-0.37	-1.16	-7.35	-2.11
PBDIT Margin (%)	12.07	12.96	14.75	11.96	14.53
PBIT Margin (%)	0.24	3.08	2.50	-6.37	4.45
PBT Margin (%)	-6.01	-0.71	-1.81	-15.94	-0.37
Net Profit Margin (%)	-5.34	-0.53	-1.48	-14.01	-1.87
NP After MI And SOA Margin (%)	-4.48	-0.28	-1.33	-12.81	-1.85
Return on Networth / Equity (%)	-15.56	-1.07	-3.92	-25.43	-15.26
Return on Capital Employeed (%)	0.25	3.84	3.07	-5.62	9.66
Return On Assets (%)	-2.80	-0.21	-0.87	-6.61	-1.66
Long Term Debt / Equity (X)	0.62	0.45	0.28	0.30	0.80
Total Debt / Equity (X)	1.11	0.68	0.44	0.42	2.22
Asset Turnover Ratio (%)	0.70	0.84	0.71	0.53	1.07
Current Ratio (X)	1.01	1.01	0.92	0.92	0.73
Quick Ratio (X)	0.48	0.41	0.41	0.48	0.31
Inventory Turnover Ratio (X)	0.33	0.34	0.35	0.20	0.36
Interest Coverage Ratio (X)	1.93	3.41	3.42	1.25	3.01
Interest Coverage Ratio (Post Tax) (X)	0.14	0.85	0.65	-0.46	0.61
Enterprise Value (Cr.)	25565.46	21939.74	29463.36	19322.49	13974.81
EV / Net Operating Revenue (X)	1.83	1.77	3.62	3.68	1.59
EV / EBITDA (X)	15.13	13.63	24.54	30.76	10.94
MarketCap / Net Operating Revenue (X)	1.49	1.64	3.48	3.51	1.35
Price / BV (X)	5.17	6.08	10.22	6.97	11.10
Price / Net Operating Revenue (X)	1.49	1.64	3.48	3.51	1.35
EarningsYield	-0.03	0.00	0.00	-0.03	-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 110.75

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 60.73% compared to the current share price 282.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 22, 2024 is: 131.61

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Overvalued by 53.33% compared to the current share price 282.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 18.84%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 13.33, which is a positive sign.	The stock has a low average ROCE of 2.00%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 20.67, which may not be favorable. The company has higher borrowings (5,815.86) compared to reserves (1,851.00), which may suggest financial risk. The company has not shown consistent growth in sales (9.71) and profit (-379.29).

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: -5.34%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 0.25% (Industry Average ROCE: 20.35%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -15.56% (Industry Average ROE: 29.03%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0.14
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.48
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 85.9)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.11
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Aditya Birla Fashion and Retail Ltd. is a Public Limited Listed company incorporated on 19/04/2007 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L18101MH2007PLC233901 and registration number is 233901. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs. 7824.20 Cr. and Equity Capital is Rs. 938.29 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Retail - Apparel/Accessories	Piramal Agastya Corporate Park, Building 'A', 4th and 5th Floor, Mumbai Maharashtra 400070	secretarial@abfrl.adityabirla.com http://www.abfrl.com

Management
Name	Position Held
Mr. Kumar Mangalam Birla	Chairman & Non-Exe.Director
Mr. Ashish Dikshit	Managing Director
Mr. Yogesh Chaudhary	Independent Director
Ms. Ananyashree Birla	Non Executive Director
Mr. Aryaman Vikram Birla	Non Executive Director
Mr. Pankaj Sood	Nominee Director
Mr. Sangeeta Tanwani	Whole Time Director
Mr. Vishak Kumar	Whole Time Director
Mr. Vikram Rao	Independent Director
Ms. Sukanya Kripalu	Independent Director
Mr. Sunirmal Talukdar	Independent Director
Mr. Nish Bhutani	Independent Director
Ms. Preeti Vyas	Independent Director
Mr. Arun Adhikari	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹110.75, which is 60.73% lower than the current market price of ₹282.00. The stock has a market capitalization of 30,229 Cr. and recorded a high/low of 364/198 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,031 Cr and total liabilities of ₹22,677 Cr.

What is the Market Cap of ?

The Market Cap of is 30,229 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 282.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 364/198.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 38.3.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 0.25 %.

What is the ROE of ?

The ROE of is 18.9 %.

What is the Face Value of ?

The Face Value of is 10.0.