Buy Aditya Birla Fashion and Retail, target price Rs 200: Motilal Oswal

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Buy Aditya Birla Fashion and Retail, target price Rs 200:  Motilal Oswal


Motilal Oswal has buy call on Aditya Birla Fashion and Retail with a target price of Rs 200. The current market price of Aditya Birla Fashion and Retail Ltd. is Rs 155.6.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 13436.89 Crore) operating in Retail sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1028.13 Crore, up 218.29 % from last quarter Sales of Rs 323.02 Crore and down -55.45 % from last year same quarter Sales of Rs 2307.78 Crore. Company reported net profit after tax of Rs -188.22 Crore in latest quarter.

Investment Rationale
The brokerage values ABFRL on FY22E SoTP basis and assign an EV/EBITDA multiple of 17x/16x to Lifestyle/Pantaloons, and EV/Sales of 1x to other businesses. It arrives at TP of INR200 per share.


Promoter/FII Holdings
Promoters held 70.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 2.6 per cent, DIIs 12.3 per cent and public and others 14.6 per cent.





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