White Organic Retail Ltd

White Organic Retail Ltd

₹ 6.81 -0.73%
26 Apr 4:01 p.m.
About

Incorporated in 2011, White Organic Retail Limited (formerly known as White Organic Retail Pvt. Ltd. / Sapna Infraventure Pvt. Ltd) is engaged in trading of agricultural products including organic and other products.
The company is the supplier of Essential Oils & Aromatics and Cereals in India.

Key Points

Product Portfolio
The Company 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. [1]
It sells all its products under its own brand i.e. White Organics. [2]

  • Market Cap 22.3 Cr.
  • Current Price 6.81
  • High / Low 23.7 / 5.31
  • Stock P/E
  • Book Value 3.21
  • Dividend Yield 0.00 %
  • ROCE -8.01 %
  • ROE -9.18 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 114 days to 38.0 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 35.4%
  • Company has a low return on equity of 2.67% over last 3 years.
  • Company has high debtors of 348 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -19.6%

* 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
16.45 36.30 5.86 5.41 60.66 32.44 137.70 95.31 50.58 -13.68 0.00 0.00 0.00
16.20 37.36 5.88 5.39 53.82 26.74 135.61 94.21 48.46 0.24 0.46 27.93 0.06
Operating Profit 0.25 -1.06 -0.02 0.02 6.84 5.70 2.09 1.10 2.12 -13.92 -0.46 -27.93 -0.06
OPM % 1.52% -2.92% -0.34% 0.37% 11.28% 17.57% 1.52% 1.15% 4.19%
0.40 -0.01 0.55 0.55 0.11 -0.23 0.00 0.23 0.19 5.38 0.00 0.56 0.21
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.39 0.00 0.00 0.00
Depreciation 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.52 0.46 0.54 0.58
Profit before tax 0.65 -1.08 0.53 0.57 6.95 5.46 2.09 1.32 2.31 -9.45 -0.92 -27.91 -0.43
Tax % 24.62% 25.00% 24.53% 24.56% 25.18% 28.94% 0.48% 46.21% 38.53% 15.24% 0.00% -0.29% 51.16%
0.48 -0.81 0.40 0.42 5.20 3.87 2.09 0.72 1.42 -8.01 -0.93 -27.99 -0.21
EPS in Rs 0.15 -0.25 0.12 0.13 1.59 1.18 0.64 0.22 0.43 -2.45 -0.28 -8.55 -0.06
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
0 1 1 1 0 1 83 160 69 61 76 274 -14
0 0 1 1 1 2 80 159 70 62 68 278 29
Operating Profit 0 0 0 0 -1 -0 3 2 -2 -1 8 -4 -42
OPM % 43% 34% 33% 32% -19% 4% 1% -2% -1% 10% -1% 310%
0 0 0 0 1 1 1 1 2 1 1 1 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 2
Profit before tax 0 0 0 0 0 1 4 3 0 0 9 -4 -39
Tax % 0% 30% 34% 32% 31% 33% 31% 30% 26% 25% 27% -2%
0 0 0 0 0 1 3 2 0 0 7 -4 -37
EPS in Rs 1.00 0.05 0.07 2.05 -1.16 -11.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 81%
5 Years: 27%
3 Years: 59%
TTM: -104%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -559%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -14%
1 Year: -71%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 3%
Last Year: -9%

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 0 0 0 0 0 0 0 3 5 11 11 33 33
Reserves 0 0 0 1 1 1 4 18 31 26 32 7 -22
0 0 11 12 12 11 14 2 7 7 0 0 0
8 9 0 0 0 2 31 33 26 13 5 255 288
Total Liabilities 8 9 12 13 13 14 50 55 69 56 48 294 298
0 0 0 0 0 0 0 0 0 0 0 6 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 12 11 11 0 0 0 0
8 9 12 13 13 14 38 44 58 56 48 288 294
Total Assets 8 9 12 13 13 14 50 55 69 56 48 294 298

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
0 0 -3 -0 -1 -1 -5 -1 -25 3 2 -3
0 0 0 0 1 1 6 2 7 -1 6 0
0 0 3 0 -0 -0 0 2 16 -2 -7 0
Net Cash Flow 0 0 0 -0 0 0 0 3 -3 0 1 -2

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 0 0 0 0 347 147 84 136 103 69 348
Inventory Days 6 18 3 22 0 0 0
Days Payable 365 138 60 131 331
Cash Conversion Cycle 0 0 0 0 -12 28 27 26 103 69 17
Working Capital Days 78 98 4,329 4,339 258 28 17 163 161 143 38
ROCE % 148% 5% 3% 3% 7% 28% 12% 1% 1% 21% -8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.01% 55.01% 55.01% 55.01% 55.01% 36.67% 35.45% 35.45% 35.45% 35.45% 35.45% 35.45%
1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10%
43.89% 43.89% 43.89% 43.89% 43.89% 62.22% 63.45% 63.46% 63.45% 63.45% 63.45% 63.44%
No. of Shareholders 1473274151,2822,4052,3815,7365,5327,2797,9028,43910,308

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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