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Aditya Birla Fashion and Retail Limited (ABFRL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹73.3B (≈ $777M) · ISIN INE647O01011

What is Aditya Birla Fashion and Retail Limited really worth?

AB Aditya Birla Fashion and Retail Limited ABFRL · BSE
Price₹52.93
Fair Value₹54.34
Upside+2.7%
Quality32/100

Below-average quality, currently priced close to our fair value of ₹54.34.

As of Aug 29, 2026, the fair value of Aditya Birla Fashion and Retail Limited is ₹54.34 per share against a price of ₹52.93, so the fair value sits 3% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y +9.3 %/yr)
!Loss-making · -9.5% net margin
!Low debt · negative free cash flow
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹37.41 – ₹71.27

Fair value as of: Aug 29, 2026

From 3 valuation models · updated 8 days ago

Share price −12.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹37.41 to ₹71.27) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

₹358.00 ₹50.43 Fair Value ₹54.34 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range ₹50.43 – ₹358.00 · fair‑value band ₹37.41 – ₹71.27 · the ₹52.93 price screens below the ₹54.34 fair value. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Aditya Birla Fashion and Retail Limited (ABFRL) currently trades at ₹52.93, while our model-based Fair Value estimate is ₹54.34, implying the stock looks roughly 2.6% fairly valued today. The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical sector. How firm this estimate is: it rests on 2 models at a data quality of 91/100, which puts the evidence level at low.

Over the trailing twelve months, Aditya Birla Fashion and Retail Limited generated revenue of ₹81.8B at a net margin of −9.5%. Revenue grew 15.7% year over year. It earns a return on equity of −12.7%. Net debt stands at ₹16.3B. Fundamentals as of Aug 29, 2026

Our scenario range runs from ₹37.41 (bear case) to ₹71.27 (bull case); at ₹52.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −17% fair-value upside, at 3%, ABFRL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Owner Earnings best evidence ₹4.35 73
EV/EBITDA ₹42.37 ₹59.30 ₹76.22 67
NCAV (Graham) ₹23.99 ₹32.15 ₹47.99 54
All 3 models by family
DCF Models
Owner Earnings best evidence ₹4.35 73
Multiples
EV/EBITDA ₹42.37 ₹59.30 ₹76.22 67
Asset-Based
NCAV (Graham) ₹23.99 ₹32.15 ₹47.99 54

Widest divergence: Multiples (₹59.30) versus Asset-Based (₹32.15). Highest evidence: Owner Earnings (73).

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Key figures & financial health

P/S ratio 0.90 TTM
EPS (TTM) ₹−6.38
Net margin −9.5% FY2025
Return on equity −12.7% TTM
Return on assets (EBIT) −1.4% avg 5y
Operating margin −7.6% TTM
More key figures
Growth
Revenue (TTM) ₹81.8B TTM
Revenue growth (YoY) +15.7% 3y avg −13.0%
EPS growth (YoY) −92.1%
Balance sheet & cash flow
Free cash flow −₹3.5B FY2025
Net debt ₹16.3B FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 32 · Market factors (momentum, volatility) 29

Profitability 16
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aditya Birla Fashion and Retail Limited designs, manufactures, distributes, and retails fashion apparel and accessories in India and internationally. It operates through three segments: Madura Fashion & Lifestyle, Pantaloons, and Ethnic & Others.

Full company description

Aditya Birla Fashion and Retail Limited designs, manufactures, distributes, and retails fashion apparel and accessories in India and internationally. It operates through three segments: Madura Fashion & Lifestyle, Pantaloons, and Ethnic & Others. The company offers shirts, trousers, denims, t-shirts, dresses, suits and blazers, casuals, ceremonial, and party wear; shorts, joggers, track pants, sweatshirts, jackets, loungewear, biker t-shirts, polos, chinos, kurtas and bottom wear, occasion wear, festive ensembles, streetwear, classic shirts, logo T-shirts, casual pants, lehengas and kurta sets, ethnic bottom wear, athleisure wear, workwear, tops, sleepwear, crops tops, skirts, jeans, and sportswear; accessories; and shawls, stoles, shoes, and lingerie, as well as home furnishings, footwear, handbags, bed linen, towels, smart table linen, dressy cushion covers, and others. It markets its products under the Louis Philippe, Van Heusen, Allen Solly, and Peter England brands; and ethnic wear products under the Sabyasachi, S&N by Shantnu & Nikhil, Tasva, House of Masaba, Jaypore, LoveChild, and Marigold Lane brands, as well as operates fashion store under the Pantaloons brand. The company holds online and offline rights to the India network of California-based fashion brand Forever 21; and international brands portfolio, such as The Collective, Simon Carter, American Eagle, Ralph Lauren, Hackett London, Ted Baker, and Fred Perry. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aditya Birla Fashion and Retail Limited reported revenue of ₹81.8B in FY2025 versus ₹81.4B in FY2021, a compound +0.1%/yr. Reported net income was −₹7.8B in FY2025.

Growth Quality 33/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
₹81.8B
Latest YoY
+11.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.3%
Avg. revenue growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.1%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−7.6% (2020) → −8.0% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +0.1%/yr
FY21 ₹81.4B
FY22 ₹124B
FY23 ₹64.4B
FY24 ₹73.5B
FY25 ₹81.8B
Net income
FY21 −₹1.1B
FY22 −₹360M
FY23 −₹6.3B
FY24 −₹3.8B
FY25 −₹7.8B

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Cite: Fair Value Calculator (2026). "Aditya Birla Fashion and Retail Limited Fair Value". https://www.fairvalue-calculator.com/stock/ABFRL.BSE

Peer Group

Apparel Manufacturing · 214 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 32 · Bottom 25%
Fair Value upside +3% · Above median
Return on assets −2% · Bottom 25%
Net margin (TTM) −9% · Bottom 25%
Operating margin (TTM) −8% · Bottom 25%
Revenue growth 16% · Top 25%
Debt / equity 0.19× · Higher than 75% of peers

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
EV/EBITDA 1.6× · Cheaper than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 175.50 kr 165.47 −6%
Ralph Lauren Corporation RL $396.35 $220.38 −44%
Moncler S.p.A MONC €46.15 €50.69 +10%
Gildan Activewear Inc GIL C$75.50 C$45.60 −40%
LPP SA LPP 21,340 PLN 17,754 PLN −17%
Levi Strauss & Co LEVI $21.05 $15.20 −28%
V.F. Corporation VFC $13.67 $10.44 −24%
Bosideng International Holdings 3998 HK$4.42 HK$5.92 +34%
Youngor Fashion Co 600177 ¥7.91 ¥5.59 −29%
Kontoor Brands, Inc KTB $82.01 $85.76 +5%

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Frequently asked questions

Is Aditya Birla Fashion and Retail Limited (ABFRL) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of ₹54.34 versus a price of ₹52.93, about +3% upside (fairly valued).
What is the fair value of ABFRL?
Our model-based fair value for Aditya Birla Fashion and Retail Limited is ₹54.34 (as of Aug 29, 2026), built from audited fundamentals. The current price: ₹52.93.
What is the quality score of ABFRL?
Aditya Birla Fashion and Retail Limited has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aditya Birla Fashion and Retail Limited (ABFRL)?
Our model-based price target is the fair value of ₹54.34 (as of Aug 29, 2026) from 3 valuation models. Cautious scenario ₹37.41, optimistic scenario ₹71.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Aditya Birla Fashion and Retail Limited stock forecast for 2026?
Our models put fair value at ₹54.34, about +3% upside versus a price of ₹52.93 (fairly valued). Cautious scenario ₹37.41, optimistic scenario ₹71.27. The calculation is refreshed regularly with new filings.
What is the revenue of Aditya Birla Fashion and Retail Limited (ABFRL)?
Aditya Birla Fashion and Retail Limited reported trailing-twelve-month revenue of about ₹81.8B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of ABFRL?
The net profit margin of Aditya Birla Fashion and Retail Limited is about −9.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
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