White Organic Agro Ltd

White Organic Agro Ltd

₹ 8.23 2.49%
08 May - close price
About

Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai

Key Points

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

  • Market Cap 28.8 Cr.
  • Current Price 8.23
  • High / Low 12.4 / 6.06
  • Stock P/E
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE 4.29 %
  • ROE 2.29 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.51 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 25.5%
  • Company has a low return on equity of 6.81% over last 3 years.

* 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: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
12.89 65.89 18.96 31.86 48.84 58.39 68.46 70.57 20.88 13.60 7.68 8.32 9.38
12.71 67.27 16.82 32.49 46.02 54.46 63.71 66.31 25.89 18.58 8.00 8.29 9.56
Operating Profit 0.18 -1.38 2.14 -0.63 2.82 3.93 4.75 4.26 -5.01 -4.98 -0.32 0.03 -0.18
OPM % 1.40% -2.09% 11.29% -1.98% 5.77% 6.73% 6.94% 6.04% -23.99% -36.62% -4.17% 0.36% -1.92%
0.26 1.15 0.30 4.82 0.23 0.16 0.33 0.88 0.23 2.14 2.38 1.08 0.80
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.86 0.27 0.20 0.16
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.44 -0.23 2.44 4.19 3.05 4.09 5.08 5.14 -4.78 -3.70 1.79 0.91 0.46
Tax % 25.00% 26.09% 25.00% 8.83% 20.98% 25.67% 25.20% 25.10% 25.10% 23.51% 25.14% 26.37% 21.74%
0.33 -0.18 1.83 3.82 2.41 3.03 3.80 3.85 -3.58 -2.83 1.34 0.67 0.36
EPS in Rs 0.09 -0.05 0.52 1.09 0.69 0.87 1.09 1.10 -1.02 -0.81 0.38 0.19 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8.91 6.47 6.11 2.92 2.55 19.14 44.69 162.02 121.36 78.77 148.05 173.51 38.98
9.24 6.90 6.53 3.32 3.01 18.85 43.09 159.47 122.28 79.97 142.79 174.47 44.43
Operating Profit -0.33 -0.43 -0.42 -0.40 -0.46 0.29 1.60 2.55 -0.92 -1.20 5.26 -0.96 -5.45
OPM % -3.70% -6.65% -6.87% -13.70% -18.04% 1.52% 3.58% 1.57% -0.76% -1.52% 3.55% -0.55% -13.98%
0.61 0.66 0.55 0.60 0.70 0.72 1.39 0.79 1.18 1.41 5.59 3.57 6.40
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.87 1.49
Depreciation 0.03 0.03 0.03 0.05 0.05 0.05 0.04 0.01 0.01 0.00 0.01 0.01 0.00
Profit before tax 0.25 0.20 0.10 0.15 0.19 0.96 2.95 3.33 0.25 0.21 10.84 1.73 -0.54
Tax % 28.00% 35.00% 90.00% 33.33% 31.58% 9.38% 23.39% 29.13% 28.00% 23.81% 19.00% 28.32%
0.18 0.13 0.01 0.10 0.13 0.87 2.26 2.36 0.18 0.15 8.78 1.24 -0.46
EPS in Rs 0.07 0.05 0.00 0.04 0.05 0.35 0.65 0.67 0.05 0.04 2.51 0.35 -0.14
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: 39%
5 Years: 31%
3 Years: 13%
TTM: -82%
Compounded Profit Growth
10 Years: 25%
5 Years: -11%
3 Years: 90%
TTM: -106%
Stock Price CAGR
10 Years: 11%
5 Years: -15%
3 Years: 22%
1 Year: 5%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 7%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12.50 12.50 12.50 12.50 12.50 12.50 17.50 35.00 35.00 35.00 35.00 35.00 35.00
Reserves 11.65 11.78 11.79 11.89 12.02 12.89 25.39 10.25 10.42 10.47 18.91 19.61 21.62
0.00 0.01 0.04 0.02 0.17 0.00 0.00 0.00 0.00 3.95 0.00 12.72 8.82
0.31 0.55 1.47 1.58 0.51 6.59 8.42 26.70 42.38 38.76 51.22 12.38 3.61
Total Liabilities 24.46 24.84 25.80 25.99 25.20 31.98 51.31 71.95 87.80 88.18 105.13 79.71 69.05
0.28 0.25 0.22 0.17 0.12 0.11 0.07 0.07 0.06 0.06 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 0.00
Investments 0.51 1.70 1.00 0.01 9.56 14.93 16.71 27.87 27.59 15.62 0.67 0.53 1.87
23.67 22.89 24.58 25.81 15.52 16.94 34.53 44.01 60.15 72.50 104.39 79.11 67.11
Total Assets 24.46 24.84 25.80 25.99 25.20 31.98 51.31 71.95 87.80 88.18 105.13 79.71 69.05

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4.41 -3.00 1.51 -1.41 3.96 -0.49 -8.24 12.78 1.86 -8.92 -1.43 4.73
0.02 3.36 -2.13 1.22 -4.06 -3.57 -0.62 -10.36 -6.13 4.42 5.94 -16.51
4.05 0.01 0.04 -0.02 0.15 4.06 11.42 0.00 0.00 3.95 -4.28 11.86
Net Cash Flow -0.34 0.37 -0.58 -0.20 0.05 0.00 2.56 2.42 -4.27 -0.55 0.23 0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 27.86 162.47 250.30 697.50 0.00 50.15 75.55 74.14 117.18 164.54 98.22 8.01
Inventory Days 0.00 4.11 0.00 0.00 0.00 0.00 48.88 0.00 0.00 0.00 33.19 0.00
Days Payable 2.35 66.98 116.96
Cash Conversion Cycle 27.86 164.24 250.30 697.50 0.00 50.15 57.44 74.14 117.18 164.54 14.44 8.01
Working Capital Days 628.82 715.33 682.81 1,531.25 466.63 268.51 191.69 26.88 49.56 105.74 65.68 77.37
ROCE % 1.37% 0.83% 0.41% 0.62% 0.77% 3.83% 8.64% 7.56% 0.55% 0.44% 20.98% 4.29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50% 25.50%
74.49% 74.49% 74.50% 74.50% 74.50% 74.49% 74.50% 74.50% 74.49% 74.50% 74.49% 74.49%
No. of Shareholders 17,94118,17821,05022,48123,51723,84025,98326,07826,13526,40326,15427,158

Documents

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