White Organic Agro Ltd
Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai
- Market Cap ₹ 18.0 Cr.
- Current Price ₹ 5.14
- High / Low ₹ 9.38 / 4.00
- Stock P/E 10.4
- 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 0.31 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.4.74 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.
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.11 | 2.92 | 2.55 | 19.14 | 44.69 | 162.02 | 121.36 | 78.77 | 148.05 | 173.51 | 33.45 | 19.63 | |
6.53 | 3.32 | 3.01 | 18.85 | 43.09 | 159.47 | 122.28 | 79.97 | 142.79 | 174.47 | 34.55 | 22.04 | |
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 |
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% |
0.55 | 0.60 | 0.70 | 0.72 | 1.39 | 0.79 | 1.18 | 1.41 | 5.59 | 3.57 | 3.87 | 4.74 | |
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 |
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 |
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 |
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 | |
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 |
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: | -41% |
Compounded Profit Growth | |
---|---|
10 Years: | 33% |
5 Years: | 57% |
3 Years: | -42% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | -4% |
5 Years: | -7% |
3 Years: | -27% |
1 Year: | -33% |
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 | 0.00 | 0.00 |
24.58 | 25.81 | 15.52 | 16.94 | 34.53 | 44.01 | 60.15 | 72.50 | 104.39 | 79.11 | 59.20 | 63.30 | |
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 | 682.81 | 1,531.25 | 466.63 | 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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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Stakeholder are requested to take on record newspaper publication made with respect to the Audited financial result of the Company for the quarter and year …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY25 with minor delays and ongoing SEBI investigation update.
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Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2025
30 May - Qualified audit opinion due to Rs.201.91L doubtful loan and unpaid dividend non-transfer.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30,
30 May - Board approved FY25 results; audit qualified on Rs.201.91L doubtful loan and unpaid dividend Rs.45,669.
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Board Meeting Intimation for Intimation Of Notice Of Board Meeting
26 May - Board meeting on May 30 to approve audited financial results for FY ended March 31, 2025.
Annual reports
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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
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Financial Year 2010
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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