White Organic Agro Ltd
Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai
- Market Cap ₹ 12.7 Cr.
- Current Price ₹ 3.64
- High / Low ₹ 6.18 / 3.35
- Stock P/E 12.4
- Book Value ₹ 18.6
- Dividend Yield 0.00 %
- ROCE 0.75 %
- ROE 0.45 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.20 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
- Promoter holding is low: 25.5%
- Company has a low return on equity of 3.06% over last 3 years.
- Earnings include an other income of Rs.2.82 Cr.
- Working capital days have increased from 70.9 days to 112 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 9 | 7 | 7 | 4 | 4 | 21 | 188 | 338 | 190 | 140 | 146 | |
| 16 | 9 | 7 | 7 | 4 | 4 | 21 | 177 | 333 | 193 | 142 | 147 | |
| Operating Profit | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 11 | 5 | -3 | -2 | -1 |
| OPM % | 0% | -3% | -3% | -1% | -1% | -4% | 0% | 6% | 2% | -1% | -2% | -1% |
| 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 13 | 7 | 0 | 1 | 2 |
| Tax % | 35% | 23% | 33% | 49% | 34% | 32% | 22% | 16% | 26% | 29% | 25% | |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 5 | 0 | 0 | 1 | |
| EPS in Rs | 0.10 | 0.10 | 0.12 | 0.09 | 0.12 | 0.15 | 0.57 | 2.87 | 1.42 | 0.08 | 0.08 | 0.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 108% |
| 3 Years: | -9% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -5% |
| 3 Years: | -69% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -6% |
| 3 Years: | -23% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 3% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 12 | 12 | 12 | 12 | 12 | 12 | 18 | 35 | 35 | 35 |
| Reserves | 4 | 12 | 12 | 12 | 13 | 13 | 18 | 35 | 23 | 30 | 30 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | |
| 0 | 0 | 1 | 2 | 2 | 1 | 4 | 46 | 67 | 71 | 54 | |
| Total Liabilities | 13 | 25 | 25 | 26 | 27 | 26 | 35 | 98 | 126 | 137 | 123 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 1 | 0 | 21 | 27 | 24 | 21 | 24 | 26 |
| 12 | 24 | 23 | 25 | 27 | 5 | 8 | 74 | 105 | 113 | 97 | |
| Total Assets | 13 | 25 | 25 | 26 | 27 | 26 | 35 | 98 | 126 | 137 | 123 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | -12 | 1 | -1 | -2 | 4 | -0 | -12 | -12 | -4 | -9 | |
| 0 | 0 | -1 | 1 | 2 | -4 | -4 | 5 | 5 | -1 | 0 | |
| 2 | 12 | 0 | 0 | -0 | 0 | 4 | 12 | 12 | 0 | 4 | |
| Net Cash Flow | 0 | -0 | 0 | -1 | -0 | 0 | 0 | 5 | 5 | -4 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 27 | 146 | 215 | 512 | 0 | 71 | 101 | 89 | 124 | 138 |
| Inventory Days | 2 | 0 | 4 | 0 | 0 | 0 | 0 | 24 | 4 | 8 | 0 |
| Days Payable | 4 | 2 | 58 | 86 | 63 | 129 | |||||
| Cash Conversion Cycle | 13 | 27 | 148 | 215 | 512 | 0 | 13 | 38 | 29 | 3 | 138 |
| Working Capital Days | 262 | 923 | 1,077 | 1,194 | 2,278 | 389 | 64 | 47 | 30 | 70 | 112 |
| ROCE % | 2% | 2% | 2% | 2% | 2% | 6% | 32% | 12% | 1% | 1% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees Count ・Standalone data |
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| Total Product SKUs Count |
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| Direct Leased Farming Land Acres ・Standalone data |
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| Total Retail Outlet Expansion Target Count ・Standalone data |
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| Flagship Retail Stores Count ・Standalone data |
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| Number of Associated Farmers Count |
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| Total Managed Land Reach Acres |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Stakeholder are requested to take on record newspaper publication made with respect to the Financial result of the Company for the quarter and nine months …
- Integrated Filling - Financial Result For The Quarter And Nine Months Ended 31St December, 2025 14 Feb
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30, Read With Schedule III Of The SEBI (Listing Obligations And
Disclosure Requirements) Regulation, 2015 And Applicable SEBI Circulars
14 Feb - Unaudited Q3 and nine-month results ended 31 Dec 2025; Q3 loss Rs13.75L; limited review.
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Board Meeting Intimation for Approval Of Un-Audited Financial Result For The Quarter And Nine Months Ended 31St December, 2025.
7 Feb - Board meeting on 14 Feb 2026 to approve Q3 and nine-month unaudited results for period ended 31 Dec 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jan - White Organic Agro: Certificate confirming dematerialisation processed and certificates cancelled for quarter ended 31 December 2025.
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