Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 535755 | NSE: ABFRL

Aditya Birla Fashion & Retail Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 1:10 pm

Market Cap 32,113 Cr.
Current Price 300
High / Low364/198
Stock P/E
Book Value 38.3
Dividend Yield0.00 %
ROCE0.25 %
ROE20.2 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Aditya Birla Fashion & Retail Ltd

Competitors of Aditya Birla Fashion & Retail Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Go Fashion (India) Ltd 6,304 Cr. 1,1671,408/93373.5 1210.00 %15.7 %14.6 % 10.0
7NR Retail Ltd 14.6 Cr. 5.2010.7/4.72 9.870.00 %3.31 %4.00 % 10.0
Vaibhav Global Ltd 4,478 Cr. 270543/26334.8 77.92.23 %14.0 %10.8 % 2.00
V2 Retail Ltd 3,937 Cr. 1,1521,484/22294.7 83.50.00 %10.8 %10.6 % 10.0
Trent Ltd 2,29,739 Cr. 6,4638,346/2,491169 1320.05 %23.8 %27.2 % 1.00
Industry Average46,734.17 Cr1,425.6079.1883.800.37%14.12%16.07%7.57

All Competitor Stocks of Aditya Birla Fashion & Retail Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales8122,0542,9872,2832,8753,0753,5892,8803,1963,2264,1673,4073,428
Expenses9811,7422,4051,9102,4062,6793,1532,6872,9042,9043,6133,1233,070
Operating Profit-169313582373468396436193292323553284358
OPM %-21%15%19%16%16%13%12%7%9%10%13%8%10%
Other Income24252728322231396146519348
Interest8588888994104132142187208245236220
Depreciation238242251267270291318348367389444455436
Profit before tax-4689269451352417-259-201-229-85-314-250
Tax %-25%42%27%29%30%-24%36%-25%-20%-12%27%-15%-14%
Net Profit-352519732942911-195-162-200-108-266-215
EPS in Rs-4.100.062.020.461.040.400.17-1.97-1.49-1.89-0.82-2.26-1.59

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales8,1188,7885,2498,13612,41813,99614,228
Expenses7,5257,5284,6666,99810,86012,47412,710
Operating Profit5931,2595831,1381,5571,5221,518
OPM %7%14%11%14%13%11%11%
Other Income636373103123246238
Interest225469530389536941909
Depreciation2828859639971,2271,6551,724
Profit before tax149-33-838-145-82-829-877
Tax %-115%402%-12%-18%-28%-11%
Net Profit321-165-736-118-59-736-789
EPS in Rs3.72-1.89-7.93-1.16-0.38-6.19-6.56
Dividend Payout %0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
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%

Aditya Birla Fashion & Retail Ltd 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:6%
3 Years:0%
1 Year:34%
Return on Equity
10 Years:%
5 Years:-14%
3 Years:-10%
Last Year:-20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:46 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital7737749159389491,0151,071
Reserves6552941,7291,8351,9203,0193,031
Borrowings1,7035,2853,6004,1006,5739,4519,999
Other Liabilities3,4893,4063,8055,3217,3488,2698,576
Total Liabilities6,6219,75810,04912,19516,79021,75422,677
Fixed Assets2,5554,9405,6276,0598,35911,86712,401
CWIP224838103204171202
Investments414418684267985607
Other Assets4,0394,7563,9665,3487,9608,7319,467
Total Assets6,6219,75810,04912,19516,79021,75422,677

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +5286441,1049516361,341
Cash from Investing Activity +-277-551-855-553-387-2,992
Cash from Financing Activity +-266116-269-5263261,412
Net Cash Flow-15210-21-128574-239

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow592.00-4.00580.00-3.00-5.00-8.00

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days353542342633
Inventory Days179205263287277262
Days Payable223198307335253241
Cash Conversion Cycle-942-1-135055
Working Capital Days-1316732542
ROCE %9%-5%3%5%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters56.12%56.09%56.09%56.08%55.47%55.47%55.47%55.45%55.45%51.85%51.97%49.26%
FIIs13.51%13.18%13.23%14.14%14.59%14.39%14.20%14.03%14.15%19.50%19.99%19.09%
DIIs18.76%19.52%19.59%18.99%18.68%18.45%16.86%17.01%17.00%14.84%14.45%15.53%
Government0.39%0.39%0.39%0.39%0.39%0.39%0.00%0.00%0.00%0.00%0.00%0.00%
Public10.69%10.32%10.21%9.87%10.33%10.77%12.94%13.01%12.91%13.35%13.12%15.69%
Others0.52%0.50%0.49%0.52%0.55%0.51%0.51%0.50%0.50%0.46%0.45%0.42%
No. of Shareholders2,26,5462,25,3842,35,0232,34,6282,44,8282,57,4092,91,9062,99,0832,89,6933,12,4003,00,8683,36,701

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund31,511,9054.131100.42,400,0002024-11-131213%
Nippon India Small Cap Fund7,755,0290.43270.812,400,0002024-11-13223.13%
Quant Active Fund7,707,7032.4269.152,400,0002024-11-13221.15%
Tata Large & Mid Cap Fund - Regular Plan6,000,0002.41209.522,400,0002024-11-13150%
Tata Large & Mid Cap Fund - Regular Plan6,000,0002.41209.522,400,0002024-11-13150%
Nippon India Multi Cap Fund5,500,0000.48192.062,400,0002024-11-13129.17%
Quant Flexi Cap Fund3,975,0001.75138.812,400,0002024-11-1365.63%
Nippon India Arbitrage Fund3,972,8000.91138.732,400,0002024-11-1365.53%
Kotak Equity Arbitrage Fund - Regular Plan3,562,0000.23124.392,400,0002024-11-1348.42%
Aditya Birla Sun Life Midcap Fund2,400,0001.383.812,400,0002024-11-130%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
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.)8.9312.239.342.489.31
Book Value[Excl.RevalReserv]/Share (Rs.)46.5135.2729.7229.2514.05
Book Value[Incl.RevalReserv]/Share (Rs.)46.5135.2729.7229.2514.05
Revenue From Operations / Share (Rs.)137.89130.8886.7157.36113.55
PBDIT / Share (Rs.)16.6516.9712.796.8616.50
PBIT / Share (Rs.)0.344.042.17-3.665.06
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 (%)12.0712.9614.7511.9614.53
PBIT Margin (%)0.243.082.50-6.374.45
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 (%)0.253.843.07-5.629.66
Return On Assets (%)-2.80-0.21-0.87-6.61-1.66
Long Term Debt / Equity (X)0.620.450.280.300.80
Total Debt / Equity (X)1.110.680.440.422.22
Asset Turnover Ratio (%)0.700.840.710.531.07
Current Ratio (X)1.011.010.920.920.73
Quick Ratio (X)0.480.410.410.480.31
Inventory Turnover Ratio (X)0.330.340.350.200.36
Interest Coverage Ratio (X)1.933.413.421.253.01
Interest Coverage Ratio (Post Tax) (X)0.140.850.65-0.460.61
Enterprise Value (Cr.)25565.4621939.7429463.3619322.4913974.81
EV / Net Operating Revenue (X)1.831.773.623.681.59
EV / EBITDA (X)15.1313.6324.5430.7610.94
MarketCap / Net Operating Revenue (X)1.491.643.483.511.35
Price / BV (X)5.176.0810.226.9711.10
Price / Net Operating Revenue (X)1.491.643.483.511.35
EarningsYield-0.030.000.00-0.03-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aditya Birla Fashion & Retail Ltd as of November 14, 2024 is: 118.37

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 November 14, 2024, Aditya Birla Fashion & Retail Ltd is Overvalued by 60.54% compared to the current share price 300.00

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

Intrinsic Value of Aditya Birla Fashion & Retail Ltd as of November 14, 2024 is: 140.67

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 November 14, 2024, Aditya Birla Fashion & Retail Ltd is Overvalued by 53.11% compared to the current share price 300.00

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

StrengthWeakness
  1. The stock has a low average Working Capital Days of 13.33, which is a positive sign.
  1. The stock has a low average ROCE of 2.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 20.67, which may not be favorable.
  3. The company has higher borrowings (5,815.86) compared to reserves (1,783.29), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (9.71) and profit (-379.29).

Stock Analysis

  • 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 Aditya Birla Fashion & Retail Ltd:
    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: 14.12%)
      • 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: 16.07%)
      • 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: 79.18)
      • 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.
INDUSTRYADDRESSCONTACT
Retail - Apparel/AccessoriesPiramal Agastya Corporate Park, Building 'A', 4th and 5th Floor, Mumbai Maharashtra 400070secretarial@abfrl.adityabirla.com
http://www.abfrl.com
Management
NamePosition Held
Mr. Kumar Mangalam BirlaChairman & Non-Exe.Director
Mr. Ashish DikshitManaging Director
Mr. Yogesh ChaudharyIndependent Director
Ms. Ananyashree BirlaNon Executive Director
Mr. Aryaman Vikram BirlaNon Executive Director
Mr. Pankaj SoodNominee Director
Mr. Sangeeta TanwaniWhole Time Director
Mr. Vishak KumarWhole Time Director
Mr. Vikram RaoIndependent Director
Ms. Sukanya KripaluIndependent Director
Mr. Sunirmal TalukdarIndependent Director
Mr. Nish BhutaniIndependent Director
Ms. Preeti VyasIndependent Director
Mr. Arun AdhikariIndependent Director

FAQ

What is the latest intrinsic value of Aditya Birla Fashion & Retail Ltd?

The latest intrinsic value of Aditya Birla Fashion & Retail Ltd as on 14 November 2024 is ₹118.37, which is 60.54% lower than the current market price of ₹300.00.

What is the Market Cap of Aditya Birla Fashion & Retail Ltd?

The Market Cap of Aditya Birla Fashion & Retail Ltd is 32,113 Cr..

What is the current Stock Price of Aditya Birla Fashion & Retail Ltd as on 14 November 2024?

The current stock price of Aditya Birla Fashion & Retail Ltd as on 14 November 2024 is ₹300.

What is the High / Low of Aditya Birla Fashion & Retail Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aditya Birla Fashion & Retail Ltd stocks is 364/198.

What is the Stock P/E of Aditya Birla Fashion & Retail Ltd?

The Stock P/E of Aditya Birla Fashion & Retail Ltd is .

What is the Book Value of Aditya Birla Fashion & Retail Ltd?

The Book Value of Aditya Birla Fashion & Retail Ltd is 38.3.

What is the Dividend Yield of Aditya Birla Fashion & Retail Ltd?

The Dividend Yield of Aditya Birla Fashion & Retail Ltd is 0.00 %.

What is the ROCE of Aditya Birla Fashion & Retail Ltd?

The ROCE of Aditya Birla Fashion & Retail Ltd is 0.25 %.

What is the ROE of Aditya Birla Fashion & Retail Ltd?

The ROE of Aditya Birla Fashion & Retail Ltd is 20.2 %.

What is the Face Value of Aditya Birla Fashion & Retail Ltd?

The Face Value of Aditya Birla Fashion & Retail Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aditya Birla Fashion & Retail Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE