White Organic Agro Ltd
Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai
- Market Cap ₹ 12.6 Cr.
- Current Price ₹ 3.61
- High / Low ₹ 6.11 / 2.81
- Stock P/E 12.3
- 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 0.22 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 % | 0.4% | -3.0% | -2.6% | -1.4% | -1.3% | -3.6% | 0.1% | 6% | 1.6% | -1.4% | -1.5% | -0.8% |
| 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: | -8% |
| 5 Years: | -12% |
| 3 Years: | -20% |
| 1 Year: | -31% |
| 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 |
| Free Cash Flow | -2 | -13 | 1 | -1 | -2 | 4 | -0 | -12 | -12 | -4 | -9 |
| CFO/OP | -2,950% | 4,559% | -811% | 970% | 3,500% | -3,408% | 450% | -102% | -213% | 57% | 401% |
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 | |
|---|---|---|
| Number of contract farmers (indirect cultivation) farmers |
|
|
| Number of organic products (SKUs) products |
||
| Self-leased farm acreage (direct cultivation) acres |
||
| Contract farming acreage (indirect cultivation) acres |
||
| Monthly Aloe Vera pulp supply to Patanjali tons/month |
||
| Number of retail stores stores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Exchange and stakeholders are requested to take on record newspaper publication with respect to unaudited financial results for the quarter ended June 30, 2026 published …
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Announcement under Regulation 30 (LODR)-Change in Management
- Mr. Darshak Rupani reappointed Managing Director for 3 years from 14 November 2026, subject to shareholder approval.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Read With Schedule III Of The SEBI (Listing Obrequirements) Regulation 2015 And Applicable SEBI Circulars
- Board approved Q1 FY2025 results, AGM on 30 September 2026, and MD reappointment for three years.
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Unaudited Financial Result For The Quarter Ended 30Th June, 2026.
- Board approved Q1 FY2027 financial results for quarter ended 30 June 2026, with limited review report.
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Board Meeting Intimation for Considering And Approving Un-Audited Financial Result For The Quarter Ended 30Th June, 2026.
- Board meeting on 14 Aug 2026 to consider Q1 FY27 unaudited results and limited review report.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 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