Adani Wilmar Ltd

Adani Wilmar Ltd

₹ 335 -1.06%
15 May 4:01 p.m.
About

Incorporated in 1999, Adani Wilmar Ltd deals in edible oil and food and other FMCG products[1]

Key Points

Business Overview:[1]
Company is a Joint venture between Adani and Wilmar Group of Singapore, an Agri business group. Company business is in edible oil, food & other FMCG segments. It is also engaged in industry essential segment viz. castor derivatives, Oleo derivatives and De-oiled cake etc. Company sells its entire range of packed products in edible oils and Food & FMCG segment under the Brands viz. Fortune, King's, Raag, Bullet, Fryola, Jubilee, Aadhaar, Kohinoor, Charminar and Trophy. The overseas subsidiary companies in Bangladesh are mainly engaged in trading & refining of crude edible oil

  • Market Cap 43,533 Cr.
  • Current Price 335
  • High / Low 509 / 286
  • Stock P/E 141
  • Book Value 63.6
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 3.80 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.3% over past five years.
  • Company has a low return on equity of 8.21% over last 3 years.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
10,672 11,312 13,008 13,763 14,230 14,017 13,410 14,714 13,122 12,379 11,720 12,440 12,704
10,320 10,933 12,583 13,256 13,816 13,620 13,152 14,091 13,023 12,257 11,563 11,911 12,371
Operating Profit 352 379 425 507 414 396 258 623 99 122 156 530 333
OPM % 3% 3% 3% 4% 3% 3% 2% 4% 1% 1% 1% 4% 3%
26 57 24 26 61 51 58 76 312 65 10 59 103
Interest 111 142 144 138 101 144 151 237 197 153 196 170 156
Depreciation 66 68 69 73 75 77 81 81 81 83 85 85 69
Profit before tax 202 226 237 322 299 227 85 381 132 -49 -115 333 212
Tax % -46% 26% 26% 25% 25% 25% 27% 27% 26% 22% 24% 26% 26%
295 168 176 241 223 170 62 277 98 -38 -87 247 156
EPS in Rs 25.81 1.47 1.54 2.11 1.72 1.31 0.48 2.13 0.75 -0.30 -0.67 1.90 1.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14,780 22,973 26,354 28,802 29,657 37,090 52,302 55,262 49,243
14,552 22,330 25,433 27,703 28,345 35,763 50,577 53,644 48,102
Operating Profit 228 643 921 1,100 1,312 1,328 1,726 1,619 1,141
OPM % 2% 3% 4% 4% 4% 4% 3% 3% 2%
198 152 88 122 108 104 169 254 236
Interest 347 328 298 470 569 407 525 729 674
Depreciation 72 119 146 182 242 268 285 319 322
Profit before tax 8 348 566 570 609 757 1,084 825 381
Tax % 45% 34% 34% 36% 35% 14% 25% 26% 27%
4 230 375 365 395 655 808 607 278
EPS in Rs 0.39 20.09 32.79 31.95 34.52 57.27 6.22 4.67 2.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 10%
TTM: -11%
Compounded Profit Growth
10 Years: 53%
5 Years: -3%
3 Years: -22%
TTM: -49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 8%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 109 114 114 114 114 114 130 130 130
Reserves 666 1,166 1,540 1,905 2,298 2,952 7,248 7,858 8,142
1,948 2,622 2,244 1,829 2,300 3,051 2,626 2,259 2,360
2,521 3,465 5,750 7,541 6,914 6,958 10,247 9,372 8,170
Total Liabilities 5,244 7,367 9,649 11,390 11,627 13,076 20,251 19,619 18,803
1,377 1,950 2,273 2,954 3,759 3,702 4,146 4,377 4,558
CWIP 43 70 443 570 325 531 262 323 855
Investments 136 52 53 54 55 106 286 288 230
3,688 5,294 6,880 7,812 7,488 8,736 15,557 14,631 13,160
Total Assets 5,244 7,367 9,649 11,390 11,627 13,076 20,251 19,619 18,803

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-64 1,601 1,680 793 741 1,192 514 366
-396 -916 -935 -518 -499 -3,852 596 139
459 -645 -742 -7 -531 2,682 -919 -619
Net Cash Flow -1 39 2 268 -289 22 190 -114

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 13 17 16 11 15 15 13 13
Inventory Days 37 54 60 59 57 55 57 52 58
Days Payable 63 56 82 96 85 60 66 56 21
Cash Conversion Cycle -8 12 -5 -21 -17 10 6 9 50
Working Capital Days 5 17 1 -9 -5 11 7 11 17
ROCE % 22% 27% 28% 22% 20% 15%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
87.94% 87.94% 87.94% 87.94% 87.94% 87.94% 87.94% 87.88% 87.88%
2.01% 1.50% 1.63% 1.57% 1.27% 1.14% 0.63% 0.65% 0.77%
0.41% 0.00% 0.09% 0.14% 0.11% 0.06% 0.06% 0.12% 0.29%
9.64% 10.56% 10.34% 10.35% 10.68% 10.85% 11.36% 11.35% 11.08%
No. of Shareholders 8,02,28011,17,5229,87,11210,05,43311,32,25811,44,60211,53,74812,00,26711,73,450

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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