Aditya Birla Fashion & Retail Ltd
Aditya Birla Fashion & Retail Ltd (ABFRL)

Aditya Birla Fashion & Retail Ltd (ABFRL)

₹291.35.08%

Key Stats

₹279.55
Day's Price Range
₹292.65
₹189.35
52-Week Price Range
₹322
1 Month Return7.6 %
3 Month Return9.91 %
1 Year Return34.33 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 6
-220.92
EPS
Rank 6
₹-1.25
BVPS
Rank 4
₹30.03
Dividend Yield
Rank 6
ROE
Rank 9
Price To Book Ratio
9.19
Debt To Asset
Rank 3
0.74

Company Information

Aditya Birla Fashion and Retail Ltd. ABFRL formerly known as Pantaloons Fashion Retail Limited was formed after the consolidation of the branded apparel businesses of Aditya Birla Group comprising Aditya Birla Nuvo Ltd.s ABNL Madura Fashion division and ABNLs subsidiaries Pantaloons Fashion Retail Limited PFRL and Madura Garments Lifestyle Retail Company Limited MGLRCL in May 2015. Post consolidation PFRL was renamed as Aditya Birla Fashion and Retail Limited with effect from 12 January 2016. ABFRL is Indias No 1 Fashion Lifestyle entity. It altogether hosts Indias largest fashion network with over 8000 points of sale in over 750 cities and towns which include more than 2161 exclusive brand outlets EBOs and 245 value stores. The Company is engaged in the business of manufacturing and retailing of branded apparels and runs a chain of apparels and accessories retail stores in India.Pantaloons Fashion Retail Limited PFRL was listed on the bourses and trading in the companys share commenced 17 July 2013 after implementation of a Scheme of Demerger. The Scheme of Arrangement under Sections 391394 of the Companies Act 1956 entered into between Future Retail Limited earlier known as Pantaloon Retail India Limited FRL PFRL and their respective shareholders and creditors and Indigold Trade and Services Limited ITSL as the shareholder of PFRL regarding the demerger of the Pantaloons Format Business Demerged Undertaking of FRL Scheme was made effective by the Board of Directors of PFRL at its meeting held on 8 April 2013 after receipt of all the requisite approvals and on completion of all the conditions precedents enumerated in the Scheme. Accordingly as per the terms of the Scheme the entire Demerged Undertaking was transferred to and vested in PFRL with effect from 1 July 2012. In terms of the Scheme the name of the company was changed from Peter England Fashions and Retail Limited to Pantaloons Fashion Retail Limited PFRL and the Authorised Equity Share Capital of the company was increased from Rs 10 crore to Rs 100 crore.Upon this Scheme coming into effect in consideration of the transfer of the Demerged Undertaking PFRL allotted 1 Equity Share of Rs. 10/ each credited as fully paid in the capital of the company to all the Equity Shareholders of FRL for every 5 five fully paid up FRL Equity Shares/FRL DVRs held by them the Share Entitlement Ratio. Also the 800 OFCDs Optionally Fully Convertible Debentures of Rs 1 crore each of the company issued to ITSL which were convertible into 4.59 crore Equity shares of Rs. 10/each on effectiveness of the Scheme were converted into 4.59 crore Equity shares of Rs. 10/ each of the company on 8 April 2013. Also pursuant to the terms of the Scheme ITSL and Aditya Birla Nuvo Limited ABNL i.e. Ultimate Holding Company of PFRL made an Open Offer to the shareholders of PFRL for acquiring 2.31 crore Equity Shares representing 24.91 of Voting Capital of PFRL. On completion of the Open Offer ITSL along with ABNL acquired 1.65 crore Equity Shares of Rs. 10/ each constituting 17.87 of post issue paid up capital of PFRL. On 3 May 2015 Aditya Birla Nuvo Ltd ABNL announced consolidation of its branded apparels businesses under its listed subsidiary viz. Pantaloons Fashion Retail Limited PFRL. The Board of Directors of ABNL PFRL and Madura Garments Lifestyle Retail Company Limited MGLRCL a subsidiary of ABNL at their respective meeting held on 3 May 2015 approved the consolidation of branded apparel businesses under PFRL through a composite scheme of arrangement. To reflect the enhanced scope of the operations post consolidation the Board of PFRL approved PFRL to be renamed as Aditya Birla Fashion Retail Limited ABFRL.On 13 May 2016 Aditya Birla Fashion and Retail ABFRL announced that it has signed an exclusive deal to bring the Simon Carter designer wear brand into the country. Simon Carter is a Londonbased designer brand with a quirky English touch.On 5 July 2016 ABFRL announced that it has executed a Business Transfer Agreement with Diana Retail and DLF Brands Limited the promoter of Diana Retail for the acquisition of the business undertaking of Diana Retail relating to the business of operating retail stores in India for the sale of clothing artificial jewellery accessories and related merchandise under the Forever 21 brand and also through ecommerce channels on a going concern by means of a slump sale for a lump sum consideration of Indian rupee equivalent of USD 26 million. The company also executed a franchise agreement with Forever 21 Inc. in terms of which the company has been appointed the exclusive franchisee for the brand Forever 21 for the Indian market. On 22 July 2016 Madura Fashion Lifestyle MFL a division of Aditya Birla Fashion and Retail Limited announced that it has partnered with Indias largest public sector bank State Bank of India SBI to launch payments through SBIs mobile wallet State Bank Buddy across MFL retail network to create exciting shopping experiences for customers across the country.On 4 November 2016 Aditya Birla Fashion and Retail Ltd ABFRL announced that it has signed an exclusive deal with UKs most successful fashion brand Ted Baker. ABFRLs portfolio of brands spans luxury premium subpremium and fast fashion segments. The addition of Ted Baker will further augment ABFRLs position in the affordable luxury space giving its discerning customers a true taste of highend fashion.On 28 February 2017 ABFRL announced that its leading fast fashion brand Forever 21 has strengthened its foothold in Mumbai with the launch of its 4 store at Phoenix Market City Kurla taking the total count to 15 stores in India. On 17 March 2017 ABFRL announced that its leading fast fashion brand Forever 21 has debuted in West Bengal with a store launch in Siliguri. The brand is focusing on strengthening its foothold in the country by exploring newer markets like West Bengal.On 21 April 2017 ABFRL announced its Van Heusen brand innerwear and athleisure business has registered rapid growth in a record time of 6 months i.e. since its foray into the innerwear and athleisure market in September 2016.ABFRL announced the opening of a new store of its youth fashion brand People in Nashik in Maharashtra on 22 April 2017 taking its presence to a total of 11 People brand stores in the state. On 16 August 2017 ABFRL entered into a strategic alliance with American Eagle Outfitters Inc. a leading global specialty retailer offering high quality ontrend clothing accessories and personal care products at affordable prices. By virtue of a license agreement ABFRL has acquired the exclusive rights to use the American Eagle Outfitters and Aerie brands to operate stores and ecommerce site to sell products of these brands in India.The Board of Directors of Aditya Birla Fashion and Retail Limited ABFRL vide their Circular Resolution passed on 30 January 2018 approved entering into a Store License and Distribution Agreement with Ralph Lauren Asia Pacific Limited RLAPL which offers apparel and accessories for both men and women under the brand name Polo Ralph Lauren and Ralph Lauren and such other names as may be designated by RLAPL from time to time. By virtue of this Agreement ABFRL has acquired exclusive right to open and operate free standing and retail stores right to import and distribute products at wholesale level and Ecommerce right i.e. right to sell the products through the Collective.in website of Polo Ralph Lauren and Ralph Lauren trademarks in India.During the year 2019 the shares were allotted to nonresident shareholders of Aditya Birla Nuvo Limited now Grasim Industries Limited ABNL holding shares on repatriation basis. In terms of clause 21 of the Composite Scheme of Arrangement amongst the Company ABNL and Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors under sections 391 to 394 of the Companies Act 1956 allotment of 3782178 equity shares said shares to 3475 nonresident shareholders including 4 overseas corporate bodies OCBs of ABNL NRE shareholders was kept pending until receipt of applicable regulatory approvals. Thereafter from time to time the Company has allotted 2071265 equity shares to 1407 NRE shareholders who held accounts in India on nonrepatriation basis and provided such valid details.During the period under review in view of the amended provisions of the Foreign Exchange Management Transfer or Issue of Security by a Person Resident Outside India Regulations 2017 FEMA Regulations and the authority granted by the Board of Directors on February 4 2019 1694060 equity shares were allotted to 2064 NRE shareholders of ABNL excluding OCBs on March 19 2019. Further post this allotment out of the said shares 16853 equity shares held by 4 OCBs shall remain pending for allotment until receipt of regulatory approvals.During the year 2019 the Company issued 500000 8 Redeemable Cumulative Preference Shares of Rs 10/ each and 500 6 Redeemable Cumulative Preference Shares of Rs 100/ each. Pursuant to the terms of issuance the due dates for redemption of 8 Redeemable Cumulative Preference Shares and 6 Redeemable Cumulative Preference Shares were March 30 2019 and October 13 2019 respectively.
OrganisationAditya Birla Fashion & Retail Ltd
HeadquartersMumbai
IndustryRetail