ABFRLConsumer Services

Aditya Birla Fashion and Retail Limited

Speciality Retail · ISIN INE647O01011 · BSE 535755 · NSE EQ · FV ₹10
Last price
₹50
+1.43%today
What this company does

Aditya Birla Fashion and Retail Limited operates in Speciality Retail, part of the Consumer Services sector. It booked ₹2,026 cr of revenue in its latest quarter (Q1 FY27) and kept -10.6% of sales as profit. It is the 8th largest of 9 Speciality Retail companies we track, by market value.

42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 25–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns6

How much profit it earns on the money it employs

Balance sheet31

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency0

Whether sales and profit have grown, and how steadily · lowest in its sector on what we could measure

Valuation100

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 11% vs last year
Promoters hold 47%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -10.6% net margin
! Low -14.7% return on equity
! Operating cash flow is negative

What if I invest in ABFRL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹50 +1.43%
latest close · 2026-09-17
1-year return
-74.8%
52-wk low ₹4952-wk high ₹322
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.05Moderate
Below bookModerateHigh
EV / EBITDA11.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-14.7%Loss
WeakFairStrong ▸15%
Return on capital-5.4%Loss
WeakFairStrong
Net margin-10.6%Loss
ThinDecentStrong
EBITDA margin8.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover-1.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.25Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,158 cr
Book value
₹48
EPS
₹-1.77
latest quarter
Net debt
₹1,628 cr
owes more than its cash
Enterprise value
₹7,785 cr
EBITDA
₹692 cr
annualised
EBIT
₹-707 cr
annualised
Operating margin
-8.7%
Return on assets
-4.8%
Earnings yield
P/S
0.76
Sales / share
₹66.4
Tax rate
Face value
₹10
Shares
122.1 cr
Working capital
₹1,188 cr
Current assets
₹5,901 cr
Current liabilities
₹4,714 cr
Delivery %
46.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹26₹26, midpoint ₹26

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,026 cr
Other Income₹56 cr
Total Income₹2,082 cr
Cost of Materials₹173 cr
Purchases of Stock-in-Trade₹615 cr
Inventory Change (±)₹91 cr
Employee Benefit Expense₹346 cr
Finance Costs₹137 cr
Depreciation & Amortisation₹350 cr
Other Expenses₹684 cr
Total Expenses₹2,395 cr
Profit before Tax₹-314 cr
Tax Expense₹-72 cr
Share of JV / Associates₹-6 cr
Net Profit₹-249 cr
Net margin on total income-11.9%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹879 cr36.7%
Employee benefit expense₹346 cr14.4%
Finance costs₹137 cr5.7%
Depreciation & amortisation₹350 cr14.6%
Other expenses₹684 cr28.5%
Total income ₹2,082 cr

The company made a net loss of ₹249 cr this quarter — income covered only 87 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,374 cr1,990 cr2,026 cr
Total income2,442 cr2,114 cr2,082 cr
Expenses2,547 cr2,297 cr2,395 cr
Profit before tax-134 cr-195 cr-314 cr
Tax-4 cr-31 cr-72 cr
Net profit (owners' share)-152 cr-148 cr-215 cr
Net margin (owners' share, on revenue)-6.4%-7.5%-10.6%
EPS (₹)-1.25-1.22-1.77
YoY (latest quarter): total income +9.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹17,757 cr
Shareholder equity
₹5,839 cr
parent shareholders
Total debt
₹1,695 cr
Cash
₹67 cr
Cash flow · H1 FY26
Operating
₹-100 cr
Investing
₹-84 cr
Financing
₹84 cr
Peer comparison
Speciality Retail · by market value
CompanyPriceMarket capP/E
Trent Limited₹2,789₹1.49 L cr71.7
Lenskart Solutions Limited₹680₹1.18 L cr132.8
Arvind Fashions Limited₹425₹15,648 cr141.7
Vedant Fashions Limited₹568₹13,788 cr51.6
Aditya Birla Lifestyle Brands Limited₹82₹10,058 cr85.8
Aditya Vision Limited₹633₹8,175 cr26.5
V2 Retail Limited₹210₹7,672 cr45.7
Aditya Birla Fashion and Retail Limitedthis company₹50₹6,158 cr
Shankara Buildpro Limited₹1,245₹3,019 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue77:930 Jun 2020
Who owns it · 2026-06-30
No pledge
Promoter
46.6%
FII / Foreign
12.9%
DII / Domestic
5.7%
Retail / others
34.5%
Promoter stake down 5.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtBirla Group Holdings Private Limited · Promoters6.51 cr24 May 24
BoughtIGH Holdings Private Limited · Promoter Group25,000 · ₹51.4 L18 Aug 21
BoughtIGH Holdings Private Limited · Promoter Group25,000 · ₹51.0 L16 Aug 21
Bulk / block deals
short · NSE97124 Jul 26
short · NSE34,01023 Jul 26
short · NSE6.00 L8 Jul 26
Stake changes
SoldCaladium Investment Pte. Ltd.→ 4.11% · 26.33 L29 May 26
SoldBirla Group Holdings Private Limited · promoter→ 17.40% · 2.43 cr29 Dec 25
BoughtPilani Investment and Industries Corporation Limited · promoter→ 5.67% · 2.44 cr29 Dec 25
Promoter pledges
ReleasedAxis Trustee Services Ltd5.96 L · 0.08% held28 Sep 18
PledgedAxis Trustee5.96 L · 0.00% held14 Mar 18
PledgedAXIS TRUSTEE5.96 L · 0.00% held14 Mar 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Aug 2026
See the official result
1
To consider and adopt: a) The Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2026 and the Reports of the Board of Directors and Auditors thereon and b) The Audited Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026 and the Reports of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.65 cr votes for, 31,717 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Aryaman Vikram Birla (DIN: 08456879), Non-Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.58 cr votes for, 7.94 L against · 0% of mutual funds and other big investors said no
3
Re-appointment of Price Waterhouse & Co Chartered Accountants LLP as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
20.65 cr votes for, 46,718 against · 0% of mutual funds and other big investors said no
4
Re-designation and appointment of Ms. Sangeeta Tanwani (DIN: 03321646) as a Non-Executive Non-Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
20.63 cr votes for, 3.10 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 46.6% between them · as of 2026-06-30
Birla Group Holdings Private Limited17.40%
Igh Holdings Private Limited11.18%
Grasim Industries Limited8.00%
Pilani Investment And Industries5.67%
Hindalco Industries Limited4.12%
Kumar Mangalam Birla0.10%
Rajashree Birla0.07%
Aryaman Vikram Birla0.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2,379 cr raised in Jan 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside. ICRA Limited watches the spending on the exchange’s behalf.

Prepayment or repayment, in full or part, of all or a portion of certain of the outstanding borrowings availed by Demerged ABFRL as per their repayment schedule.
100%
₹1,185 cr of ₹1,185 cr
Investment towards capex and opex across high growth businesses within proposed Demerged ABFRL in business segments of Value Retail (Pantaloons & Style Up), Ethnic (designer led & premium ethnic wear brands) and luxury retail (The Collective & Galeries Lafayette)
100%
₹600 cr of ₹600 cr
General corporate purposes
100%
₹594 cr of ₹594 cr
Spent by quarter: 43%45%53%69%76%100% (to Jun 2026)
₹1,861 cr raised in Jan 2025 by selling shares to large investors

As of Jun 2025, the company says it has spent 100% of what it set aside. ICRA Limited watches the spending on the exchange’s behalf.

Prepayment and / or repayment, in full or in part, of all or a portion of certain of the outstanding borrowings (including interest thereon) availed for the Remaining Business of our Company
100%
₹1,400 cr of ₹1,400 cr
General corporate purposes
100%
₹429 cr of ₹429 cr
Spent by quarter: 94%100% (to Jun 2025)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.