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ABFRL - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.5

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 2.5

Stock Code ABFRL Market Cap 8,035 Cr. Current Price 65.8 ₹ High / Low 106 ₹
Book Value 66.8 ₹ Dividend Yield 0.00 % ROCE -0.17 % ROE -3.01 %
Face Value 10.0 ₹ DMA 50 72.8 ₹ DMA 200 80.8 ₹ Chg in FII Hold -0.26 %
Chg in DII Hold -0.17 % PAT Qtr -90.9 Cr. PAT Prev Qtr -59.9 Cr. RSI 34.5
MACD -3.26 Volume 25,02,853 Avg Vol 1Wk 48,29,607 Low price 59.8 ₹
High price 106 ₹ Debt to equity 0.45 52w Index 13.0 % Qtr Profit Var 34.5 %
EPS 0.00 ₹ Industry PE 44.3

📊 Core Financials

  • Revenue & Profitability: PAT worsened from –59.9 Cr. to –90.9 Cr., showing deepening losses.
  • Margins: ROE at –3.01% and ROCE at –0.17% are negative, reflecting poor efficiency.
  • Debt: Debt-to-equity ratio of 0.45 indicates moderate leverage, but losses make it risky.
  • Cash Flow: Negative profitability raises sustainability concerns despite manageable debt.

💹 Valuation Indicators

  • P/E Ratio: Not applicable due to negative earnings.
  • P/B Ratio: Current price (₹65.8) vs. book value (₹66.8) → ~0.98x, near fair value.
  • PEG Ratio: Not meaningful due to losses.
  • Intrinsic Value: Valuation appears weak given sustained losses and poor return metrics.

🏢 Business Model & Competitive Advantage

  • Aditya Birla Fashion & Retail (ABFRL) operates in branded apparel and retail, with a portfolio of well-known fashion brands.
  • Competitive advantage lies in brand strength and retail presence, but profitability remains a challenge.

📈 Technicals & Entry Zone

  • DMA 50 (₹72.8) and DMA 200 (₹80.8) are above current price, showing weakness.
  • RSI at 34.5 indicates oversold territory; MACD negative suggests bearish sentiment.
  • Entry Zone: Attractive only near ₹60–65 for speculative accumulation.
  • Long-Term Holding: Risky unless profitability improves significantly.


✅ Positive

  • Strong brand portfolio under Aditya Birla Group.
  • Debt-to-equity ratio (0.45) is moderate compared to peers.
  • Stock trading near book value, limiting downside risk.

⚠️ Limitation

  • Negative ROE (–3.01%) and ROCE (–0.17%).
  • Consistent losses with worsening PAT.
  • No dividend yield, offering no immediate shareholder return.

📉 Company Negative News

  • Quarterly PAT worsened to –90.9 Cr., showing deepening losses.
  • FII holdings decreased (–0.26%) and DII holdings decreased (–0.17%), showing reduced institutional confidence.

📈 Company Positive News

  • Strong retail presence and brand recognition in India.
  • Stock trading close to book value, limiting valuation downside.

🏭 Industry

  • Fashion and retail sector benefits from rising consumer demand and urbanization.
  • Industry average P/E (44.3) highlights ABFRL’s weak profitability compared to peers.

🔎 Conclusion

  • ABFRL shows strong brand presence but faces sustained losses and weak return metrics.
  • Valuation is near book value, but profitability concerns make current levels risky.
  • Recommendation: Avoid fresh entry; speculative accumulation only near ₹60–65. Long-term holding viable only if profitability improves and ROE/ROCE turn positive.

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