Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 14389.67 Crore) operating in Retail sector.
Getty ImagesPromoters held 59.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 6.6 per cent, DIIs 22.3 and public and others 11.3 per cent.
Motilal Oswal has given a buy rating to Aditya Birla Fashion and Retail with a target price of Rs 200. The share price moved up by 0.45 per cent from its previous close of Rs 165.05. The stock’s last traded price is Rs 165.80.
Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 14389.67 Crore) operating in Retail sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 323.02 Crore, down 82.37 % from last quarter Sales of Rs 1831.88 Crore and down 84.36 % from last year same quarter Sales of Rs 2065.46 Crore Company reported net profit after tax of Rs -410.36 Crore in latest quarter.
Investment Rationale The brokerage increases TP to INR 200 (v/s INR180 earlier). It raises target multiple, ascribing 18x EV/EBITDA to Lifestyle, 16x EV/EBITDA to Pantaloons, and 1x EV/sales to other businesses – this is still at a 33% discount to Westside’s target EV/EBITDA multiple of 27x. It believes the sharp reduction in debt and earnings accretion would certainly help lower risk and improve growth.
Promoter/FII Holdings Promoters held 59.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 6.6 per cent, DIIs 22.3 and public and others 11.3 per cent.
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