AWL Agri Business Ltd
Incorporated in 1999, Adani Wilmar Ltd deals in edible oil and food and other FMCG products. Adani has exited the joint venture in FY24 to focus on other segments. AWL Agri Business is the new name decided in online voting.[1]
- Market Cap ₹ 25,801 Cr.
- Current Price ₹ 199
- High / Low ₹ 291 / 195
- Stock P/E 29.0
- Book Value ₹ 75.6
- Dividend Yield 0.00 %
- ROCE 21.0 %
- ROE 13.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -7.00%
- Company has a low return on equity of 8.61% over last 3 years.
- Company's cost of borrowing seems high
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 14,780 | 22,973 | 26,354 | 28,802 | 29,657 | 37,090 | 52,302 | 55,262 | 49,243 | 61,677 | 69,213 | |
| 14,552 | 22,330 | 25,433 | 27,703 | 28,345 | 35,763 | 50,577 | 54,346 | 48,102 | 59,254 | 67,307 | |
| Operating Profit | 228 | 643 | 921 | 1,100 | 1,312 | 1,328 | 1,726 | 917 | 1,141 | 2,423 | 1,906 |
| OPM % | 2% | 3% | 4% | 4% | 4% | 4% | 3% | 2% | 2% | 4% | 3% |
| 198 | 152 | 88 | 122 | 108 | 104 | 169 | 956 | 236 | 233 | 295 | |
| Interest | 347 | 328 | 298 | 470 | 569 | 407 | 525 | 729 | 674 | 661 | 663 |
| Depreciation | 72 | 119 | 146 | 182 | 242 | 268 | 285 | 319 | 322 | 355 | 371 |
| Profit before tax | 8 | 348 | 566 | 570 | 609 | 757 | 1,084 | 825 | 381 | 1,640 | 1,167 |
| Tax % | 45% | 34% | 34% | 36% | 35% | 14% | 25% | 26% | 27% | 26% | |
| 4 | 230 | 375 | 365 | 395 | 655 | 808 | 607 | 278 | 1,216 | 871 | |
| EPS in Rs | 0.39 | 20.09 | 32.79 | 31.95 | 34.52 | 57.27 | 6.22 | 4.67 | 2.14 | 9.35 | 6.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 6% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 15% |
| TTM: | -27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 109 | 114 | 114 | 114 | 114 | 114 | 130 | 130 | 130 | 130 | 130 |
| Reserves | 666 | 1,166 | 1,540 | 1,905 | 2,298 | 2,952 | 7,248 | 7,858 | 8,142 | 9,238 | 9,699 |
| 1,948 | 2,622 | 2,244 | 1,829 | 2,300 | 3,051 | 2,626 | 2,259 | 2,360 | 1,885 | 933 | |
| 2,521 | 3,465 | 5,750 | 7,541 | 6,914 | 6,958 | 10,247 | 9,372 | 8,170 | 10,245 | 13,211 | |
| Total Liabilities | 5,244 | 7,367 | 9,649 | 11,390 | 11,627 | 13,076 | 20,251 | 19,619 | 18,803 | 21,498 | 23,972 |
| 1,377 | 1,950 | 2,273 | 2,954 | 3,759 | 3,702 | 4,146 | 4,377 | 4,548 | 5,101 | 5,586 | |
| CWIP | 43 | 70 | 443 | 570 | 325 | 531 | 262 | 323 | 864 | 1,059 | 743 |
| Investments | 136 | 52 | 53 | 54 | 55 | 106 | 286 | 288 | 230 | 497 | 784 |
| 3,688 | 5,294 | 6,880 | 7,812 | 7,488 | 8,736 | 15,557 | 14,631 | 13,160 | 14,841 | 16,859 | |
| Total Assets | 5,244 | 7,367 | 9,649 | 11,390 | 11,627 | 13,076 | 20,251 | 19,619 | 18,803 | 21,498 | 23,972 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -64 | 1,601 | 1,680 | 793 | 741 | 1,192 | 514 | 366 | 1,735 | ||
| -396 | -916 | -935 | -518 | -499 | -3,852 | 596 | 139 | -302 | ||
| 459 | -645 | -742 | -7 | -531 | 2,682 | -919 | -619 | -1,235 | ||
| Net Cash Flow | -1 | 39 | 2 | 268 | -289 | 22 | 190 | -114 | 198 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 13 | 17 | 16 | 11 | 15 | 15 | 13 | 13 | 15 |
| Inventory Days | 37 | 54 | 60 | 59 | 57 | 55 | 57 | 52 | 58 | 56 |
| Days Payable | 63 | 56 | 82 | 96 | 85 | 60 | 66 | 55 | 54 | 53 |
| Cash Conversion Cycle | -8 | 12 | -5 | -21 | -17 | 10 | 6 | 9 | 17 | 18 |
| Working Capital Days | -38 | 17 | -25 | -19 | -17 | -8 | -11 | -3 | 0 | 6 |
| ROCE % | 22% | 27% | 28% | 22% | 20% | 15% | 10% | 21% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
13 Feb - AWL achieved S&P Global CSA score of 60, informed 12 Feb 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Feb - Newspaper Publication with respect to Unaudited standalone & consolidated financial results for the quarter and nine months ended on December 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Feb - Audio recording of analysts' call for unaudited results Q3/9M ended 31 Dec 2025, held 3 Feb 2026.
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Mar 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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Sep 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
Business Segments