White Organic Agro Ltd

White Organic Agro Ltd

₹ 9.86 -1.50%
26 Apr - 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 34.5 Cr.
  • Current Price 9.86
  • High / Low 12.4 / 6.06
  • Stock P/E 33.5
  • 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 0.53 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 72.4 days to 113 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.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
74.75 81.44 91.38 90.45 45.80 53.47 68.82 22.24 18.38 24.26 29.34 67.58 24.83
70.17 76.37 85.80 100.54 42.16 49.87 64.41 36.63 17.12 24.11 28.88 71.55 22.71
Operating Profit 4.58 5.07 5.58 -10.09 3.64 3.60 4.41 -14.39 1.26 0.15 0.46 -3.97 2.12
OPM % 6.13% 6.23% 6.11% -11.16% 7.95% 6.73% 6.41% -64.70% 6.86% 0.62% 1.57% -5.87% 8.54%
0.49 0.54 0.50 0.24 0.82 0.81 0.93 0.66 0.68 0.70 0.66 0.61 0.85
Interest 0.00 0.00 0.00 0.00 0.00 0.00 -0.03 0.01 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
Profit before tax 5.05 5.58 6.05 -9.88 4.46 4.41 5.37 -13.74 1.94 0.85 1.12 -3.37 2.97
Tax % 7.72% 7.17% 6.94% -6.38% 8.30% 12.02% 18.25% 12.74% 25.26% 24.71% 25.00% 25.22% 25.25%
4.66 5.18 5.64 -10.51 4.09 3.87 4.38 -12.00 1.45 0.63 0.84 -2.52 2.22
EPS in Rs 1.33 1.43 1.61 -2.99 1.17 1.03 0.96 -3.08 0.37 0.15 0.17 -0.61 0.58
Raw PDF

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: 15%
5 Years: -14%
3 Years: 20%
1 Year: 24%
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 14 35 23 30 30
0 0 0 0 0 0 0 0 1 2 4
0 0 1 2 2 1 8 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 1,196 2,280 406 64 47 31 74 113
ROCE % 2% 2% 2% 2% 2% 7% 33% 12% 1% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
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

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