Aditya Birla Real Estate financials and balance sheet

NSE: ABRELBSE: 500040RealtySmall Cap

Formerly Century Textiles & Industries

₹1,042.40₹42.70 (3.94%)BSE ₹1,043.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,085.10.

52-week range of traded prices to 23 Oct 2026

₹1,002.30Low, 9 Oct 2026₹1,914.00High, 3 Nov 2025

Next results date: the board meets on 26 Oct 2026 to consider: financial results.

Market cap: ₹11,643 Cr427th largest listed
P/E: Earlier quarters restated in the year
P/B: 3.1
Dividend yield: 0.24%
ROE: Assets held for saleon the latest balance sheet
ROCE: Assets held for saleon the latest balance sheet
Debt to equity: Assets held for saleon the latest balance sheet
Volume, NSE: 96,23847.9% delivered

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Aditya Birla Real Estate annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Back to profit in the year to Mar 2026, ₹352 CrA loss in 1 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 4.9% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹8,092 Cr, differs from its quarters added, ₹8,298 Cr. From the year to Mar 2019, the company's revenue for that year, ₹3,941 Cr, differs from its quarters added, ₹6,048 Cr; the company reports the part of the business demerged on 11 Oct 2019 as discontinued, and figures before the change include it. From the year to Mar 2024, the company's revenue for that year, ₹3,879 Cr, differs from its quarters added, ₹4,544 Cr; the company reports a discontinued business. From the year to Mar 2025, the company's revenue for that year, ₹323 Cr, differs from its quarters added, ₹2,732 Cr.

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue261
Materials and goods−3.2
Employee costs−28
Other expenses−115
Operating profit115
Depreciation−53
Other income+255
One-off items−20
Finance costs−176
Profit before tax121
Tax+7.3
Discontinued businesses+223
Net profit352

What the company owns

Plant, investments and other assets₹8,209 Cr
Inventory₹4,428 Cr
Current investments₹509 Cr
Cash and bank₹378 Cr
Receivables₹14 Cr

What pays for it: net worth and liabilities

Net worth₹4,693 Cr
Other liabilities₹4,528 Cr
Borrowings₹4,170 Cr
Owed to suppliers₹146 Cr

Profit and loss

Standalone, ₹ crore, years to March.Aditya Birla Real Estate quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 4 May	Mar 2020Filed 11 Jun	Mar 2021Filed 7 May	Mar 2022Filed 26 Apr	Mar 2023Filed 26 Apr	Mar 2024Filed 8 May	Mar 2025Filed 12 Jun	Mar 2026Filed 6 May
Revenue from operations	8,654	8,092	3,941	3,424	2,611	4,129	4,795	3,879	323	261
	7,753	7,064	2,980	2,772	2,324	3,592	4,149	3,128	145	146
Materials and goods bought	2,700	2,307	1,866	1,770	1,443	2,443	2,715	2,127	16	3
Employee costs	–	–	267	256	232	263	267	202	24	28
Other expenses	–	–	847	746	648	887	1,168	799	105	115
Operating profit before depreciation	901	1,028	961	652	287	537	646	751	178	115
Operating margin	10.4%	12.7%	24.4%	19.0%	11.0%	13.0%	13.5%	19.4%	55.0%	44.0%
Materials, % of revenue	–	–	47.3%	51.7%	55.3%	59.2%	56.6%	54.8%	5.1%	1.2%
Employee costs, % of revenue	–	–	6.8%	7.5%	8.9%	6.4%	5.6%	5.2%	7.4%	10.7%
Other expenses, % of revenue	–	–	21.5%	21.8%	24.8%	21.5%	24.3%	20.6%	32.5%	44.1%
Depreciation and amortisation	314	314	193	228	229	228	223	201	55	53
Operating profit after depreciation	587	714	768	424	58	309	423	550	123	62
Other income	76	376	100	43	80	68	62	131	175	255
Finance costs	551	452	96	93	89	75	89	96	140	176
Profit before one-off items and tax	112	639	771	374	49	302	395	585	157	141
One-off items	–	–	0	0	0	0	134	0	−157	−20
Profit before tax	112	639	771	374	49	302	530	585	0	121
	7	231	264	−94	−1	102	161	188	15	−7
Current tax	–	–	240	0	−19	55	93	72	36	27
Deferred tax	–	–	24	−94	18	47	69	115	−21	−34
Profit from discontinued businesses	–	–	174	−18	−19	8	–	−246	−9	223
Net profit	105	372	681	450	32	207	368	151	−24	352
Other comprehensive income	–	–	−36	−79	89	59	−58	181	60	−24
Total comprehensive income	–	–	645	372	120	266	310	332	36	328
Net margin	1.2%	4.6%	–	13.2%	–	5.0%	7.7%	–	–	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Net margin is left blank for the years to Mar 2019, Mar 2021, Mar 2024, Mar 2025 and Mar 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Earlier years, Mar 2008 to Mar 2016

₹ crore	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Revenue from operations	3,443	3,872	4,529	4,765	4,873	5,949	6,666	7,559	7,988
	2,791	3,226	3,601	4,097	–	–	–	–	–
Materials and goods bought	797	876	977	1,253	1,563	1,987	2,410	2,635	2,741
Operating profit before depreciation	652	646	928	668	–	–	–	–	–
Operating margin	18.9%	16.7%	20.5%	14.0%	–	–	–	–	–
Depreciation and amortisation	169	205	234	240	–	–	–	–	–
Operating profit after depreciation	483	440	694	429	–	–	–	–	–
Other income	70	13	14	35	27	27	28	20	47
Finance costs	89	97	96	116	172	320	363	485	568
Profit before one-off items and tax	–	356	612	348	23	−71	28	−34	−80
One-off items	−94	−36	−88	−4	–	–	–	–	–
Profit before tax	370	320	523	344	23	−71	28	−34	−80
	91	83	184	106	0	−37	25	−49	−26
Current tax	–	–	223	94	2	–	–	–	–
Deferred tax	–	–	−39	13	−1	–	–	–	–
Net profit	279	237	339	237	22	−34	3	15	−55
Net margin	8.1%	6.1%	7.5%	5.0%	0.5%	−0.6%	0.0%	0.2%	−0.7%

Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 4 May	Mar 2020Filed 11 Jun	Mar 2021Filed 7 May	Mar 2022Filed 26 Apr	Mar 2023Filed 26 Apr	Mar 2024Filed 8 May	Mar 2025Filed 12 Jun	Mar 2026Filed 6 May
	3,306	3,577	3,664	3,919	4,185	4,378	4,377	4,693
Share capital	112	112	112	112	112	112	112	112
Reserves	3,194	3,465	3,552	3,807	4,073	4,266	4,265	4,581
	495	545	835	1,215	925	1,364	3,823	4,170
Repayable after a year	14	527	829	325	418	1,296	2,772	2,446
Repayable within a year	481	18	6	890	507	68	1,051	1,724
	1,584	1,675	1,137	2,262	2,159	2,178	3,744	5,520
Trade payables	513	440	569	817	706	684	102	146
Other financial liabilities	198	943	285	148	172	202	272	149
Other liabilities	–	93	90	229	597	1,047	2,161	3,292
Provisions	297	181	188	179	177	177	159	209
Tax owed	94	0	0	0	–	0	–	0
	829	1,246	1,544	984	1,125	1,940	3,304	2,922
Other financial liabilities	92	103	118	98	118	128	118	173
Other liabilities	687	616	597	561	525	445	364	302
Deferred tax	37	0	0	0	64	70	50	0
Liabilities going with businesses held for sale	4,414	45	48	–	–	–	514	402
	10,133	6,543	6,393	7,166	7,469	8,495	11,938	13,537
Held for sale or for a demerger	3,995	1	2	–	–	51	2,975	3,041
	5,079	5,051	4,852	5,172	5,211	5,305	4,627	4,759
Plant in use, after depreciation	3,496	3,382	3,264	3,205	3,095	2,896	642	549
Plant being built	44	137	173	174	187	55	26	4
Intangible assets	3	8	7	6	6	6	0	4
Intangible assets being developed	0	36	0	0	–	0	4	0
Property held to earn rent	1,162	897	898	875	833	803	734	734
Investments	265	274	360	479	427	644	699	695
Loans given	0	7	6	342	566	744	2,461	2,575
Other financial assets	56	3	1	10	20	68	60	67
Deferred tax	53	65	55	6	–	53	–	53
Other assets	0	241	88	76	76	35	–	79
	1,059	1,491	1,539	1,994	2,258	3,140	4,336	5,736
Inventories	628	883	844	1,378	1,787	2,217	3,597	4,428
Trade receivables	204	183	164	221	159	142	51	14
Cash and cash equivalents	13	45	6	18	23	191	226	352
Other bank balances	65	61	62	68	61	22	65	25
Current investments	0	0	45	131	3	283	49	509
Loans given	0	181	293	0	0	0	0	0
Other financial assets	33	31	24	15	20	54	84	77
Other assets	117	107	101	163	205	232	264	332
Net debt	418	439	722	998	838	869	3,482	3,284

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ crore	Mar 2021Filed 7 May	Mar 2022Filed 26 Apr	Mar 2023Filed 26 Apr	Mar 2024Filed 8 May	Mar 2025Filed 12 Jun	Mar 2026Filed 6 May
	652	146	484	589	−705	607
	489	202	556	660	−506	709
	225	−305	−115	−81	−1,137	418
Receivables	16	−59	45	10	−7	72
Inventories	57	−502	−379	−408	−1,823	−702
Payables	138	221	−102	−14	−176	−97
Other working capital	14	35	322	331	868	1,146
Tax paid	163	−56	−72	−71	14	0
Interest paid	0	0	0	0	−150	0
Capital spending	84	125	105	160	251	161
Free cash flow	568	22	379	430	−956	446
	−181	−226	−33	−598	−1,489	−481
Plant and property sold	0	3	3	6	166	126
Companies bought	0	0	0	0	−1,718	−100
Interest received	51	40	37	12	56	238
Dividends received	3	3	5	11	9	3
	−511	92	−579	309	2,170	60
Borrowings raised	450	611	152	869	2,449	1,673
Borrowings repaid	−785	−396	−575	−295	−31	−1,265
Interest paid	−129	−107	−106	−111	−196	−328
Lease payments	−14	−4	−4	−3	−3	0
Dividends paid	34	11	45	55	55	22
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−40	12	−128	301	−24	186

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.Aditya Birla Real Estate dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 4 May	Mar 2020Filed 11 Jun	Mar 2021Filed 7 May	Mar 2022Filed 26 Apr	Mar 2023Filed 26 Apr	Mar 2024Filed 8 May	Mar 2025Filed 12 Jun	Mar 2026Filed 6 May
Earnings per share	₹9.40	₹33.28	₹60.98	₹40.32	₹2.82	₹18.57	₹32.98	₹13.67	−₹2.15	₹31.84
Diluted earnings per share	₹9.40	₹33.28	₹60.98	₹40.32	₹2.82	₹18.57	₹32.98	₹13.63	−₹2.15	₹31.67
Dividend per share	₹5.50	₹6.50	₹7.50	₹3.00	₹1.00	₹4.00	₹5.00	₹5.00	₹2.00	₹2.50
Book value per share	–	–	₹295.96	₹320.26	₹328.03	₹350.89	₹374.66	₹391.97	₹391.87	₹420.17
Dividend payout	58.5%	19.5%	12.3%	7.4%	35.5%	21.5%	15.2%	36.9%	–	7.9%
Shareholder yield	–	–	–	–	0.6%	0.1%	0.6%	0.3%	0.3%	0.2%
Market cap at the year end (₹ crore)	11,763	12,762	10,422	3,307	5,194	9,546	7,082	18,205	21,891	12,543

Ratios

Standalone, years to March.Aditya Birla Real Estate PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 4 May	Mar 2020Filed 11 Jun	Mar 2021Filed 7 May	Mar 2022Filed 26 Apr	Mar 2023Filed 26 Apr	Mar 2024Filed 8 May	Mar 2025Filed 12 Jun	Mar 2026Filed 6 May
Revenue growth	–	–	–	−13.1%	−23.8%	58.2%	16.1%	–	–	−19.3%
Operating profit growth	–	–	–	−32.1%	−56.0%	87.5%	20.3%	–	–	−35.5%
Net profit growth	–	254.0%	–	−33.9%	−93.0%	558.2%	77.6%	–	–	–
Earnings per share growth	–	254.0%	–	−33.9%	−93.0%	558.5%	77.6%	–	–	–
	–	–	–	–	0.9%	5.5%	9.1%	3.5%	–	–
	–	–	–	–	–	4.6 pts	3.6 pts	−5.6 pts	–	–
From the net margin	–	–	–	–	–	–	2.9 pts	–	–	–
From asset turnover	–	–	–	–	–	–	0.6 pts	–	–	–
From borrowing	–	–	–	–	–	–	0.1 pts	–	–	–
Return on capital employed	–	–	–	10.3%	1.3%	6.0%	8.3%	9.6%	–	–
Cash conversion	–	–	–	–	2,070.8%	70.5%	131.4%	389.8%	–	172.6%
Interest cover	1.1	1.6	8.0	4.6	0.6	4.1	4.7	5.7	0.9	0.4
Debt to equity	–	–	–	0.15	0.23	0.31	0.22	0.31	–	–
Receivable days	–	–	–	19	23	20	12	13	–	–
Inventory days	–	–	–	182	214	206	240	380	–	–
Payable days	–	–	–	91	144	122	95	117	–	–
Cash conversion cycle, days	–	–	–	111	93	103	157	276	–	–
Working capital days	–	–	–	−29	41	36	39	50	–	–
Asset turnover	–	–	–	–	0.40	0.61	0.66	0.49	–	–
Assets per rupee of net worth	–	–	–	–	1.79	1.79	1.81	1.86	–	–
Sales per rupee of plant	–	–	1.13	1.01	0.80	1.29	1.55	1.34	0.50	0.48
Capital spending to depreciation	–	–	–	–	0.37	0.55	0.47	0.79	4.56	3.04
Plant being built, % of plant in use	–	–	1.3%	4.1%	5.3%	5.4%	6.0%	1.9%	4.0%	0.7%

Revenue growth is left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Revenue growth and operating profit growth are left blank for the years to Mar 2018 and Mar 2025: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Return on equity, asset turnover and assets per rupee of net worth are left blank for the years to Mar 2019, Mar 2020, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Change in return on equity, from the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2019, Mar 2020, Mar 2021, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Debt to equity, receivable days, inventory days, payable days, cash conversion cycle, days, return on capital employed and working capital days are left blank for the years to Mar 2019, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Revenue growth and operating profit growth are left blank for the years to Mar 2019 and Mar 2024: between the two periods the company restated its earlier figures and the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. Net profit growth and earnings per share growth are left blank for the years to Mar 2019 and Mar 2024: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2022 and Mar 2024: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year: 2.8%
Cash from operations against operating profit: 529.6%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−29.0%	−36.9%	−62.1%
Profit growth, yearly rate	–	62.0%	−1.5%
Operating margin, average	22.2%	29.0%	39.4%
Interest cover, average	3.2	3.2	2.3

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	1,122	492	607
Cash from investing	−2,827	−2,568	−481
Cash from financing	2,052	2,539	60
Capital spending	802	572	161
Dividends paid	189	133	22
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	5,753	4,990	1,673
Borrowings repaid	2,562	1,591	1,265

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Effective tax ratePublished threshold 17.16 per cent	6.01	–	–	–	–	–	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
9 Oct 2026	CARE Ratings Limited (opens in a new tab)	Debentures-Non Convertible DebenturesLong-term scale	CARE AAReview, Re-affirmProposed, Outlook Revised	Positive	250
9 Oct 2026	CARE Ratings Limited (opens in a new tab)	Commercial PaperShort-term scale	CARE A1+Review, Re-affirmProposed, ISINs-INE055A14KL5, INE055A14KM3 redeemed		1,000
9 Oct 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Term LoanLong-term scale	WithdrawnWithdrawn
11 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1+Review, Re-affirm		460
11 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AAReview, Other	Stable	125
11 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Non Convertible Debentures	Crisil AAReview, Other	Stable	500
11 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Commercial Paper	Crisil A1+Review, Re-affirm		1,000
21 Aug 2025	(unknown) (opens in a new tab)	Commercial Paper	CARE A1+Review, Re-affirm		500
21 Aug 2025	(unknown) (opens in a new tab)	Debentures-Non Convertible Debentures	CARE AAReview, Re-affirm	Stable	500

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.