White Organic Agro Ltd
₹ 5.18
-0.19%
03 Oct
- close price
About
Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai
Key Points
- Market Cap ₹ 18.1 Cr.
- Current Price ₹ 5.18
- High / Low ₹ 7.70 / 4.00
- Stock P/E 10.1
- Book Value ₹ 16.4
- Dividend Yield 0.00 %
- ROCE 4.09 %
- ROE 3.05 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.32 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -30.5% over past five years.
- Promoter holding is low: 25.5%
- Company has a low return on equity of 2.66% over last 3 years.
- Earnings include an other income of Rs.4.84 Cr.
- Debtor days have increased from 26.8 to 71.6 days.
* 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.11 | 2.92 | 2.55 | 19.14 | 44.69 | 162.02 | 121.36 | 78.77 | 148.05 | 173.51 | 33.45 | 19.63 | 14.73 | |
| 6.53 | 3.32 | 3.01 | 18.85 | 43.09 | 159.47 | 122.28 | 79.97 | 142.79 | 174.47 | 34.55 | 22.04 | 17.16 | |
| Operating Profit | -0.42 | -0.40 | -0.46 | 0.29 | 1.60 | 2.55 | -0.92 | -1.20 | 5.26 | -0.96 | -1.10 | -2.41 | -2.43 |
| OPM % | -6.87% | -13.70% | -18.04% | 1.52% | 3.58% | 1.57% | -0.76% | -1.52% | 3.55% | -0.55% | -3.29% | -12.28% | -16.50% |
| 0.55 | 0.60 | 0.70 | 0.72 | 1.39 | 0.79 | 1.18 | 1.41 | 5.59 | 3.57 | 3.87 | 4.74 | 4.84 | |
| Interest | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.87 | 1.05 | 0.01 | 0.00 |
| Depreciation | 0.03 | 0.05 | 0.05 | 0.05 | 0.04 | 0.01 | 0.01 | -0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 0.10 | 0.15 | 0.19 | 0.96 | 2.95 | 3.33 | 0.25 | 0.21 | 10.84 | 1.73 | 1.71 | 2.31 | 2.41 |
| Tax % | 90.00% | 33.33% | 31.58% | 9.38% | 23.39% | 29.13% | 28.00% | 23.81% | 19.00% | 28.32% | 31.58% | 25.11% | |
| 0.01 | 0.10 | 0.13 | 0.87 | 2.26 | 2.36 | 0.18 | 0.15 | 8.78 | 1.24 | 1.17 | 1.73 | 1.79 | |
| EPS in Rs | 0.00 | 0.04 | 0.05 | 0.35 | 0.65 | 0.67 | 0.05 | 0.04 | 2.51 | 0.35 | 0.33 | 0.49 | 0.51 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | -31% |
| 3 Years: | -49% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 57% |
| 3 Years: | -42% |
| TTM: | 203% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -1% |
| 3 Years: | -28% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.50 | 12.50 | 12.50 | 12.50 | 17.50 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 |
| Reserves | 11.79 | 11.89 | 12.02 | 16.70 | 25.39 | 10.25 | 10.42 | 10.47 | 18.91 | 19.61 | 20.80 | 22.53 |
| 0.04 | 0.02 | 0.17 | -0.00 | -0.00 | -0.00 | -0.00 | 3.95 | -0.00 | 12.72 | -0.00 | -0.00 | |
| 1.47 | 1.58 | 0.51 | 2.78 | 8.42 | 26.70 | 42.38 | 38.76 | 51.22 | 12.38 | 3.47 | 5.84 | |
| Total Liabilities | 25.80 | 25.99 | 25.20 | 31.98 | 51.31 | 71.95 | 87.80 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 |
| 0.22 | 0.17 | 0.12 | 0.11 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 1.00 | 0.01 | 9.56 | 14.93 | 16.71 | 27.87 | 27.59 | 15.62 | 0.67 | 0.53 | 20.16 | 58.08 |
| 24.58 | 25.81 | 15.52 | 16.94 | 34.53 | 44.01 | 60.15 | 72.50 | 104.39 | 79.11 | 39.04 | 5.22 | |
| Total Assets | 25.80 | 25.99 | 25.20 | 31.98 | 51.31 | 71.95 | 87.80 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.51 | -1.41 | 3.96 | -0.49 | -8.24 | 12.78 | 1.86 | -8.92 | -1.43 | 4.73 | -3.67 | -4.47 | |
| -2.13 | 1.22 | -4.06 | -3.57 | -0.62 | -10.36 | -6.13 | 4.42 | 5.94 | -16.51 | 17.50 | 4.38 | |
| 0.04 | -0.02 | 0.15 | 4.06 | 11.42 | -0.00 | -0.00 | 3.95 | -4.28 | 11.86 | -13.77 | -0.01 | |
| Net Cash Flow | -0.58 | -0.20 | 0.05 | -0.00 | 2.56 | 2.42 | -4.27 | -0.55 | 0.23 | 0.08 | 0.07 | -0.09 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 250.30 | 697.50 | -0.00 | 50.15 | 75.55 | 74.14 | 117.18 | 164.54 | 98.22 | 8.01 | 0.87 | 71.59 |
| Inventory Days | -0.00 | -0.00 | -0.00 | -0.00 | 48.88 | -0.00 | -0.00 | -0.00 | 33.19 | -0.00 | -0.00 | -0.00 |
| Days Payable | 66.98 | 116.96 | ||||||||||
| Cash Conversion Cycle | 250.30 | 697.50 | -0.00 | 50.15 | 57.44 | 74.14 | 117.18 | 164.54 | 14.44 | 8.01 | 0.87 | 71.59 |
| Working Capital Days | 680.42 | 1,528.75 | 442.29 | 268.51 | 191.69 | 26.88 | 49.56 | 105.74 | 65.68 | 77.37 | 381.70 | -20.83 |
| ROCE % | 0.41% | 0.62% | 0.77% | 3.56% | 8.18% | 7.56% | 0.55% | 0.44% | 20.98% | 4.29% | 5.15% | 4.09% |
Documents
Announcements
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Closure of Trading Window
29 Sep - Trading window closed from 01-Oct-2025 until 48 hours after Q2 (30-Sep-2025) results declaration.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
26 Sep - AGM 26 Sep 2025: four resolutions (accounts, reappointment, independent director, auditor) passed; voting results filed.
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Announcement under Regulation 30 (LODR)-Change in Management
26 Sep - Appointment of Mrs. Bhavika Thakkar (DIN:09854905) as Independent Women Director, 01 Sep 2025–31 Aug 2030.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
26 Sep - AGM on 26 Sep 2025 via VC; adopted FY2025 accounts; reappointed Prashantt Rupani; appointed Bhavika Thakkar and secretarial auditor.
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Announcement under Regulation 30 (LODR)-Change in Management
20 Sep - Independent Director Jigna Thakkar ceased on 04 Sep 2025 after completing second term (05/09/2020–04/09/2025).
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Nov 2021TranscriptNotesPPT
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Jan 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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Jun 2018Transcript PPT
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Mar 2018Transcript PPT
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Nov 2017Transcript PPT
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Aug 2017TranscriptPPT
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May 2017TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
Business Overview:[1][2]
WOAL is a pure play organic agricultural company. It does edible organic farming and retail business and is selling over 250 organic products in 12 major categories and 17 sub categories, from cereals to pulses, grains to vegetables, fruits to health supplements and skincare products to snacks