White Organic Agro Ltd
Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai
- Market Cap ₹ 13.3 Cr.
- Current Price ₹ 3.80
- High / Low ₹ 6.18 / 2.81
- Stock P/E 13.6
- Book Value ₹ 16.7
- Dividend Yield 0.00 %
- ROCE 2.50 %
- ROE 1.69 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.23 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -30.0% over past five years.
- Promoter holding is low: 25.5%
- Company has a low return on equity of 2.45% over last 3 years.
- Earnings include an other income of Rs.4.30 Cr.
- Company has high debtors of 210 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.92 | 2.55 | 19.14 | 44.69 | 162.02 | 121.36 | 78.77 | 148.05 | 173.51 | 33.45 | 19.63 | 13.26 | |
| 3.32 | 3.01 | 18.85 | 43.09 | 159.47 | 122.28 | 79.97 | 142.79 | 174.47 | 34.55 | 22.04 | 16.10 | |
| Operating Profit | -0.40 | -0.46 | 0.29 | 1.60 | 2.55 | -0.92 | -1.20 | 5.26 | -0.96 | -1.10 | -2.41 | -2.84 |
| OPM % | -13.70% | -18.04% | 1.52% | 3.58% | 1.57% | -0.76% | -1.52% | 3.55% | -0.55% | -3.29% | -12.28% | -21.42% |
| 0.60 | 0.70 | 0.72 | 1.39 | 0.79 | 1.18 | 1.41 | 5.59 | 3.57 | 3.87 | 4.74 | 4.30 | |
| Interest | 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 | 0.05 | 0.05 | 0.05 | 0.04 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.15 | 0.19 | 0.96 | 2.95 | 3.33 | 0.25 | 0.21 | 10.84 | 1.73 | 1.71 | 2.31 | 1.45 |
| Tax % | 33.33% | 31.58% | 9.38% | 23.39% | 29.13% | 28.00% | 23.81% | 19.00% | 28.32% | 31.58% | 25.11% | 32.41% |
| 0.10 | 0.13 | 0.87 | 2.26 | 2.36 | 0.18 | 0.15 | 8.78 | 1.24 | 1.17 | 1.73 | 0.98 | |
| EPS in Rs | 0.04 | 0.05 | 0.35 | 0.65 | 0.67 | 0.05 | 0.04 | 2.51 | 0.35 | 0.33 | 0.49 | 0.28 |
| 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: | 18% |
| 5 Years: | -30% |
| 3 Years: | -58% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 46% |
| 3 Years: | -8% |
| TTM: | -43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -20% |
| 3 Years: | -17% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.50 | 12.50 | 12.50 | 17.50 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 |
| Reserves | 11.89 | 12.02 | 16.70 | 25.39 | 10.25 | 10.42 | 10.47 | 18.91 | 19.61 | 20.80 | 22.53 | 23.51 |
| 0.02 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 3.95 | 0.00 | 12.72 | 0.00 | 0.00 | 0.00 | |
| 1.58 | 0.51 | 2.78 | 8.42 | 26.70 | 42.38 | 38.76 | 51.22 | 12.38 | 3.47 | 5.84 | 8.87 | |
| Total Liabilities | 25.99 | 25.20 | 31.98 | 51.31 | 71.95 | 87.80 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 | 67.38 |
| 0.17 | 0.12 | 0.11 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | |
| 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 | 0.01 | 9.56 | 14.93 | 16.71 | 27.87 | 27.59 | 15.62 | 0.67 | 0.53 | 20.16 | 58.08 | 0.00 |
| 25.81 | 15.52 | 16.94 | 34.53 | 44.01 | 60.15 | 72.50 | 104.39 | 79.11 | 39.04 | 5.22 | 67.32 | |
| Total Assets | 25.99 | 25.20 | 31.98 | 51.31 | 71.95 | 87.80 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 | 67.38 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1.41 | 3.96 | -0.49 | -8.24 | 12.78 | 1.86 | -8.92 | -1.43 | 4.73 | -3.67 | -4.47 | ||
| 1.22 | -4.06 | -3.57 | -0.62 | -10.36 | -6.13 | 4.42 | 5.94 | -16.51 | 17.50 | 4.38 | ||
| -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 | -0.20 | 0.05 | 0.00 | 2.56 | 2.42 | -4.27 | -0.55 | 0.23 | 0.08 | 0.07 | -0.09 | |
| Free Cash Flow | -1.41 | 3.96 | -0.53 | -8.24 | 12.78 | -1.89 | -7.39 | -1.44 | 4.71 | -3.67 | -4.48 | |
| CFO/OP | 340% | -876% | -145% | -506% | 527% | -334% | 746% | -21% | -762% | 291% | 161% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 697.50 | 0.00 | 50.15 | 75.55 | 74.14 | 117.18 | 164.54 | 98.22 | 8.01 | 0.87 | 71.59 | 210.03 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 48.88 | 0.00 | 0.00 | 0.00 | 33.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days Payable | 66.98 | 116.96 | ||||||||||
| Cash Conversion Cycle | 697.50 | 0.00 | 50.15 | 57.44 | 74.14 | 117.18 | 164.54 | 14.44 | 8.01 | 0.87 | 71.59 | 210.03 |
| Working Capital Days | 1,528.75 | 442.29 | 268.51 | 191.69 | 26.88 | 49.56 | 105.74 | 65.68 | 77.37 | 381.70 | -20.83 | -20.92 |
| ROCE % | 0.62% | 0.77% | 3.56% | 8.18% | 7.56% | 0.55% | 0.44% | 20.98% | 4.29% | 5.15% | 4.09% | 2.50% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees Count |
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| Total Product SKUs Count |
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| Direct Leased Farming Land Acres |
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| Total Retail Outlet Expansion Target Count |
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| Flagship Retail Stores Count |
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| Number of Associated Farmers Count |
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| Total Managed Land Reach Acres |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Stakeholders are requested to take on record newspaper publication made with respect to the audited financial results of the company for the quarter and financial …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Submitted Annual Secretarial Compliance Report for FY2025-26 on 29 May 2026; prior SEBI matter noted.
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Submission Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026.
2d - FY26 audited results approved on 29 May 2026; qualified opinion, Rs 201.91 lakh provision turns profit into loss.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulation 2015 And SEBI Circular No.: SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 Dated July 13 202
2d - FY26 audited results approved; qualified opinion cites Rs201.91 lakh doubtful loan and Rs45,669 unpaid dividend.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulation 2015 And SEBI Circular No.: SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 Dated July 13 202
29 May - Board approved FY26 audited results; auditors qualified on Rs.201.91 lakh loan provision and Rs.45,669 unpaid dividend.
Annual reports
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Financial Year 2025
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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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Concalls
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Nov 2021TranscriptAI SummaryPPT
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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 2017TranscriptAI SummaryPPT
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Dec 2016TranscriptAI SummaryPPT
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