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Aditya Birla Fashion and Retail

NSEI:ABFRL
Snowflake Description

High growth potential with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABFRL
NSEI
₹170B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Aditya Birla Fashion and Retail Limited manufactures and distributes branded fashion apparel and accessories in India. The last earnings update was 19 days ago. More info.


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ABFRL Share Price and Events
7 Day Returns
1%
NSEI:ABFRL
0.3%
IN Luxury
1%
IN Market
1 Year Returns
45.9%
NSEI:ABFRL
-8.7%
IN Luxury
-8.2%
IN Market
ABFRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aditya Birla Fashion and Retail (ABFRL) 1% 8.5% 14.9% 45.9% 62.9% 158.8%
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • ABFRL outperformed the Luxury industry which returned -8.7% over the past year.
  • ABFRL outperformed the Market in India which returned -8.2% over the past year.
Price Volatility
ABFRL
Industry
5yr Volatility vs Market

Value

 Is Aditya Birla Fashion and Retail undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aditya Birla Fashion and Retail to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aditya Birla Fashion and Retail.

NSEI:ABFRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ABFRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (11.28%))
0.615
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:ABFRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aditya Birla Fashion and Retail is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ABFRL DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 2,569.00 3,973.75 5,075.38 5,938.19 6,888.30
Source Analyst x5 Analyst x8 Analyst x8 Est @ 17%, capped from 31.33% Est @ 16%, capped from 31.33%
Present Value
Discounted (@ 13.51%)
2,263.24 3,084.13 3,470.29 3,576.99 3,655.45
Present value of next 5 years cash flows ₹16,050.10
NSEI:ABFRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹6,888.30 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹124,301.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹124,301.43 ÷ (1 + 13.51%)5
₹65,963.78
NSEI:ABFRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹16,050.10 + ₹65,963.78
₹82,013.87
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹82,013.87 / 771.77
₹106.24
NSEI:ABFRL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ABFRL represents 0.99977x of BSE:535755
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99977x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 106.27 x 0.99977
₹106.24
Value per share (INR) From above. ₹106.24
Current discount Discount to share price of ₹220.25
= -1 x (₹220.25 - ₹106.24) / ₹106.24
-107.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aditya Birla Fashion and Retail is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aditya Birla Fashion and Retail's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aditya Birla Fashion and Retail's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ABFRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹3.01
BSE:535755 Share Price ** BSE (2019-02-22) in INR ₹220.3
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aditya Birla Fashion and Retail.

NSEI:ABFRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:535755 Share Price ÷ EPS (both in INR)

= 220.3 ÷ 3.01

73.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Fashion and Retail is overvalued based on earnings compared to the IN Luxury industry average.
  • Aditya Birla Fashion and Retail is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Aditya Birla Fashion and Retail's expected growth come at a high price?
Raw Data
NSEI:ABFRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
41.1%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

NSEI:ABFRL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 73.3x ÷ 41.1%

1.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Fashion and Retail is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aditya Birla Fashion and Retail's assets?
Raw Data
NSEI:ABFRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹14.87
BSE:535755 Share Price * BSE (2019-02-22) in INR ₹220.3
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
NSEI:ABFRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:535755 Share Price ÷ Book Value per Share (both in INR)

= 220.3 ÷ 14.87

14.82x

* Primary Listing of Aditya Birla Fashion and Retail.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aditya Birla Fashion and Retail is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Aditya Birla Fashion and Retail's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Aditya Birla Fashion and Retail has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Aditya Birla Fashion and Retail expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aditya Birla Fashion and Retail expected to grow at an attractive rate?
  • Aditya Birla Fashion and Retail's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Aditya Birla Fashion and Retail's earnings growth is expected to exceed the India market average.
  • Aditya Birla Fashion and Retail's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:ABFRL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ABFRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 41.1%
NSEI:ABFRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 13.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ABFRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ABFRL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 107,475 8,133 4,283 13
2020-03-31 94,533 7,198 3,043 14
2019-03-31 82,079 5,243 1,842 14
NSEI:ABFRL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 79,560 2,317
2018-09-30 75,292 1,965
2018-06-30 73,263 1,438
2018-03-31 71,721 5,951 1,178
2017-12-31 70,339 265
2017-09-30 68,779 -205
2017-06-30 69,509 545
2017-03-31 66,029 4,252 535
2016-12-31 64,500 -717
2016-09-30 63,745 -529
2016-06-30 61,651 -571
2016-03-31 60,339 3,109 -1,098

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aditya Birla Fashion and Retail's earnings are expected to grow significantly at over 20% yearly.
  • Aditya Birla Fashion and Retail's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ABFRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Aditya Birla Fashion and Retail Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ABFRL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 5.56 6.80 3.90 11.00
2020-03-31 3.95 5.30 3.20 13.00
2019-03-31 2.38 2.90 2.10 11.00
NSEI:ABFRL Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 3.01
2018-09-30 2.54
2018-06-30 1.85
2018-03-31 1.52
2017-12-31 0.33
2017-09-30 -0.27
2017-06-30 0.70
2017-03-31 0.69
2016-12-31 -0.96
2016-09-30 -0.70
2016-06-30 -0.74
2016-03-31 -1.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aditya Birla Fashion and Retail is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aditya Birla Fashion and Retail's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aditya Birla Fashion and Retail has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Aditya Birla Fashion and Retail performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aditya Birla Fashion and Retail's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aditya Birla Fashion and Retail has delivered over 20% year on year earnings growth in the past 5 years.
  • Aditya Birla Fashion and Retail's 1-year earnings growth exceeds its 5-year average (774.3% vs 65.1%)
  • Aditya Birla Fashion and Retail's earnings growth has exceeded the IN Luxury industry average in the past year (774.3% vs 14.1%).
Earnings and Revenue History
Aditya Birla Fashion and Retail's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aditya Birla Fashion and Retail Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ABFRL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 79,560.00 2,317.00 22,738.10
2018-09-30 75,291.60 1,964.60 22,130.20
2018-06-30 73,263.10 1,437.70 21,589.30
2018-03-31 71,720.70 1,177.90 21,535.10
2017-12-31 70,338.60 265.00 21,647.90
2017-09-30 68,778.60 -205.00 21,517.90
2017-06-30 69,508.60 545.00 18,639.00
2017-03-31 66,028.60 535.00 20,099.20
2016-12-31 64,499.90 -717.40 18,284.50
2016-09-30 63,744.60 -529.00 17,704.30
2016-06-30 61,651.30 -571.30 17,072.70
2016-03-31 60,339.20 -1,097.50 19,190.80
2015-12-31 50,782.10 -581.50 13,610.40
2015-09-30 19,501.00 -2,238.80 7,572.00
2015-06-30 19,031.30 -2,231.90 7,439.00
2015-03-31 18,507.30 -2,281.90 5,392.30
2014-12-31 17,995.70 -2,351.60 6,847.20
2014-09-30 17,691.80 -2,080.40 6,724.50
2014-06-30 17,064.70 -2,080.50 6,547.20
2014-03-31 16,612.10 -1,877.80 6,326.90
2013-12-31 16,491.00 -1,765.30 5,370.80
2013-09-30 16,614.50 -1,606.70 5,188.70
2013-06-30 16,170.40 -1,279.60 4,940.80
2013-03-31 12,851.40 -689.40 4,066.10
2012-03-31 174.30 10.80 19.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Aditya Birla Fashion and Retail has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Aditya Birla Fashion and Retail used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Aditya Birla Fashion and Retail's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aditya Birla Fashion and Retail's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aditya Birla Fashion and Retail has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Aditya Birla Fashion and Retail's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aditya Birla Fashion and Retail's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aditya Birla Fashion and Retail's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Aditya Birla Fashion and Retail's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aditya Birla Fashion and Retail's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aditya Birla Fashion and Retail Company Filings, last reported 1 month ago.

NSEI:ABFRL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11,550.20 19,169.90 969.50
2018-09-30 11,550.20 19,169.90 969.50
2018-06-30 10,931.10 18,614.50 726.90
2018-03-31 10,931.10 18,614.50 726.90
2017-12-31 9,290.00 19,470.00 710.00
2017-09-30 9,290.00 19,470.00 710.00
2017-06-30 9,581.60 20,446.20 675.50
2017-03-31 9,581.60 20,446.20 496.60
2016-12-31 9,439.80 20,628.10 1,560.00
2016-09-30 9,439.80 20,628.10 1,560.00
2016-06-30 9,437.00 18,493.30 203.20
2016-03-31 9,054.90 18,498.40 192.40
2015-12-31 10,530.00 17,080.00 460.00
2015-09-30 2,286.00 13,706.60 64.30
2015-06-30 3,455.70 13,106.30 72.00
2015-03-31 3,455.70 13,106.30 72.00
2014-12-31 4,518.20 10,854.80 129.20
2014-09-30 4,518.20 10,854.80 129.20
2014-06-30 5,794.70 10,555.20 168.10
2014-03-31 5,794.70 10,555.20 168.10
2013-12-31 6,655.50 10,079.40 161.00
2013-09-30 6,655.50 10,079.40 161.00
2013-06-30
2013-03-31 7,695.30 17,310.10 8,252.50
2012-03-31 12.10 0.00 0.50
  • Aditya Birla Fashion and Retail's level of debt (166%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (151.7% vs 166% today).
  • Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Aditya Birla Fashion and Retail's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aditya Birla Fashion and Retail has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Aditya Birla Fashion and Retail's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aditya Birla Fashion and Retail dividends. Estimated to be 0% next year.
If you bought ₹2,000 of Aditya Birla Fashion and Retail shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aditya Birla Fashion and Retail's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aditya Birla Fashion and Retail's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ABFRL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ABFRL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aditya Birla Fashion and Retail has not reported any payouts.
  • Unable to verify if Aditya Birla Fashion and Retail's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aditya Birla Fashion and Retail's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aditya Birla Fashion and Retail has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Aditya Birla Fashion and Retail's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Aditya Birla Fashion and Retail's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aditya Birla Fashion and Retail afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aditya Birla Fashion and Retail has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Aditya Birla Fashion and Retail's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashish Dikshit
COMPENSATION ₹46,493,000
AGE 49
TENURE AS CEO 1 years
CEO Bio

Mr. Ashish Dikshit serves as Managing Director of Aditya Birla Fashion and Retail Limited since February 1, 2018 and serves as its Director. Mr. Dikshit serves as the President of Madura Garments at Aditya Birla Nuvo Limited. Mr. Dikshit served as the Business Head at Aditya Birla Nuvo Limited since November 1, 2016 until February 13, 2017 and served as its Business Head of Madura Garments Lifestyle Retail Company Limited from January 19, 2016 to November 1, 2016 and served as its Chief Executive Officer since April 2012 and served as its President of Madura Garments. Mr. Dikshit served as the President of Madura F&L at Madura Garments Lifestyle Retail Company Limited. Mr. Dikshit has over 14 years of experience. He served as an Executive Assistant to Chairman of Aditya Birla Management Corp. Ltd. He serves as a Director of Peter England Fashions & Retail Ltd. He holds PG Diploma. He served as a Director of Pantaloons Fashion & Retail Limited until April 19, 2013. Ashish is an Electronics & Electrical Engineer from IIT - Chennai and an MBA from IIM - Bangalore.

CEO Compensation
  • Ashish's compensation has increased by more than 20% in the past year.
  • Ashish's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Aditya Birla Fashion and Retail management team in years:

1
Average Tenure
47.5
Average Age
  • The average tenure for the Aditya Birla Fashion and Retail management team is less than 2 years, this suggests a new team.
Management Team

Ashish Dikshit

TITLE
MD & Director
COMPENSATION
₹46M
AGE
49
TENURE
1 yrs

Geetika Anand

TITLE
Assistant VP
COMPENSATION
₹6M
AGE
32

Vishak Kumar

TITLE
Chief Executive Officer of Madura Fashion & Lifestyle Division
COMPENSATION
₹29M
AGE
46
TENURE
2.3 yrs

Jagadish Bajaj

TITLE
Chief Financial Officer
AGE
52
TENURE
0.8 yrs

Neeraj Singh

TITLE
Chief Information Officer
AGE
58

Chandrashekhar Chavan

TITLE
Chief Human Resources Officer
AGE
46

Naresh Tyagi

TITLE
Chief Sustainability Officer

Gopal Gopalakrishnan

TITLE
Chief Quality Officer

Biren Vora

TITLE
Head of Sustainability
AGE
53

R. Satyajit

TITLE
Chief Operating Officer of International Brands
AGE
46
Board of Directors Tenure

Average tenure and age of the Aditya Birla Fashion and Retail board of directors in years:

5.1
Average Tenure
64
Average Age
  • The tenure for the Aditya Birla Fashion and Retail board of directors is about average.
Board of Directors

Bharat Patel

TITLE
Independent Non-Executive Director
COMPENSATION
₹665K
AGE
73
TENURE
5.8 yrs

Ashish Dikshit

TITLE
MD & Director
COMPENSATION
₹46M
AGE
49

Pranab Barua

TITLE
Non-Executive Director
COMPENSATION
₹50K
AGE
64
TENURE
10.1 yrs

Sukanya Kripalu

TITLE
Independent Non-Executive Director
COMPENSATION
₹670K
AGE
58
TENURE
4.3 yrs

Arun Thiagarajan

TITLE
Independent Non-Executive Director
COMPENSATION
₹485K
AGE
74
TENURE
3.8 yrs

Sushil Agarwal

TITLE
Non-Executive Director
COMPENSATION
₹595K
AGE
55
TENURE
9.5 yrs

Sanjeeb Chaudhuri

TITLE
Additional Independent Director
COMPENSATION
₹500K
AGE
65
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
03. Oct 18 Sell Manav Investment & Trading Company Limited Company 28. Sep 18 28. Sep 18 -596,310 ₹185.35 ₹-110,526,020
X
Management checks
We assess Aditya Birla Fashion and Retail's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aditya Birla Fashion and Retail has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Can We Make Of Aditya Birla Fashion and Retail Limited’s (NSE:ABFRL) High Return On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Do Institutions Own Aditya Birla Fashion and Retail Limited (NSE:ABFRL) Shares?

If you want to know who really controls Aditya Birla Fashion and Retail Limited (NSE:ABFRL), then you'll have to look at the makeup of its share registry. … With a market capitalization of ₹153b, Aditya Birla Fashion and Retail is a decent size, so it is probably on the radar of institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What Does Aditya Birla Fashion and Retail Limited's (NSE:ABFRL) Ownership Structure Look Like?

A look at the shareholders of Aditya Birla Fashion and Retail Limited (NSE:ABFRL) can tell us which group is most powerful. … Aditya Birla Fashion and Retail has a market capitalization of ₹136.2b, so we would expect some institutional investors to have noticed the stock. … Let's take a closer look to see what the different types of shareholder can tell us about ABFRL

Simply Wall St -

What You Must Know About Aditya Birla Fashion and Retail Limited's (NSE:ABFRL) ROE

Aditya Birla Fashion and Retail Limited (NSE:ABFRL) outperformed the apparel, accessories and luxury goods industry on the basis of its ROE – producing a higher 13.15% relative to the peer average of 7.82% over the past 12 months. … If ABFRL borrows debt to invest in its business, its profits will be higher. … Check out our latest analysis for Aditya Birla Fashion and Retail

Simply Wall St -

Aditya Birla Fashion and Retail Limited (NSE:ABFRL): What Is Driving Margins?

Aditya Birla Fashion and Retail Limited's (NSE:ABFRL) … promising vision for earnings in the future … growth of 58.99% annualised

Simply Wall St -

Are Aditya Birla Fashion and Retail Limited's (NSE:ABFRL) Interest Costs Too High?

With this growth in debt, ABFRL's cash and short-term investments stands at ₹444.60M , ready to deploy into the business. … Additionally, ABFRL has generated ₹4.18B in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 20.46%, meaning that ABFRL’s debt is appropriately covered by operating cash. … In ABFRL's case, the ratio of 1.05x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: ABFRL’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Is Aditya Birla Fashion and Retail Limited's (NSE:ABFRL) Balance Sheet A Threat To Its Future?

We can test if ABFRL’s debt levels are sustainable by measuring interest payments against earnings of a company. … Our analysis shows that ABFRL is unable to meet all of its upcoming commitments with its cash and other short-term assets. … ABFRL’s high debt levels are not met with high cash flow coverage.

Simply Wall St -

Company Info

Map
Description

Aditya Birla Fashion and Retail Limited manufactures and distributes branded fashion apparel and accessories in India. It operates through two segments, Madura Fashion & Lifestyle and Pantaloons. It offers western, casual, ethnic, formal, party, and active wear for men, women, and kids, as well as footwear, handbags, cosmetics, perfumes, fashion jewelries, and watches. The company markets its products under the Rangmanch, Ajile, Honey, Akkriti, Chalk, Annabelle, Trishaa, Alto Moda, Poppers, Chirpie Pie, Louis Philippe, Van Heusen, Allen Solly, Peter England, and People brand names, as well as licensed brands, such as Bare, Rig, SF Jeans, Byford, JM Sports, Lombard, Forever 21, Ted Baker, and Simon Carter. As of March 31, 2018, it operated 2,500 stores. The company was formerly known as Pantaloons Fashion & Retail Limited and changed its name to Aditya Birla Fashion and Retail Limited in January 2016. Aditya Birla Fashion and Retail Limited was incorporated in 2007 and is based in Mumbai, India.

Details
Name: Aditya Birla Fashion and Retail Limited
ABFRL
Exchange: NSEI
Founded: 2007
₹170,020,524,326
771,768,154
Website: http://www.abfrl.com
Address: Aditya Birla Fashion and Retail Limited
Skyline Icon Business Park,
701-704, 7th Floor,
Mumbai,
Maharashtra, 400059,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 535755 Equity Shares Mumbai Stock Exchange IN INR 17. Jul 2013
NSEI ABFRL Equity Shares National Stock Exchange of India IN INR 17. Jul 2013
Number of employees
Current staff
Staff numbers
20,508
Aditya Birla Fashion and Retail employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 13:06
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.