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 ₹ 27,133 Cr.
- Current Price ₹ 209
- High / Low ₹ 291 / 204
- Stock P/E 26.6
- 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 | 67,829 | |
| 14,552 | 22,330 | 25,433 | 27,703 | 28,345 | 35,763 | 50,577 | 54,346 | 48,102 | 59,254 | 65,653 | |
| Operating Profit | 228 | 643 | 921 | 1,100 | 1,312 | 1,328 | 1,726 | 917 | 1,141 | 2,423 | 2,176 |
| OPM % | 2% | 3% | 4% | 4% | 4% | 4% | 3% | 2% | 2% | 4% | 3% |
| 198 | 152 | 88 | 122 | 108 | 104 | 169 | 956 | 236 | 233 | 252 | |
| Interest | 347 | 328 | 298 | 470 | 569 | 407 | 525 | 729 | 674 | 661 | 680 |
| 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 | 1,378 |
| Tax % | 45% | 34% | 34% | 36% | 35% | 14% | 25% | 26% | 27% | 26% | |
| 4 | 230 | 375 | 365 | 395 | 655 | 808 | 607 | 278 | 1,216 | 1,020 | |
| EPS in Rs | 0.39 | 20.09 | 32.79 | 31.95 | 34.52 | 57.27 | 6.22 | 4.67 | 2.14 | 9.35 | 7.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 6% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 15% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -25% |
| 1 Year: | -21% |
| 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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2h
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Board Meeting Intimation for Approval Of Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended On 31St December, 2025.
1d - Board meeting on 3 Feb 2026 to approve unaudited Q3/9M (31 Dec 2025) results; earnings call.
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Disclosure Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015.
2d - AWL subsidiary applied to RoC for strike-off on Jan 27, 2026; revenue Nil; net worth Rs.6,80,919
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
20 Jan - Postal ballot passed Jan 20, 2026: Shrikant Kanhere MD/CEO; Saumin Sheth COO; reappointments; amended AoA.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
20 Jan - Postal ballot passed appointing Shrikant Kanhere as MD/CEO; Saumin Sheth as COO; multiple director reappointments; amended Articles approved.
Annual reports
Concalls
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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