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 ₹ 35,267 Cr.
- Current Price ₹ 271
- High / Low ₹ 345 / 232
- Stock P/E 34.6
- 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: -10.4%
- 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: | -27% |
| 1 Year: | -22% |
| 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)-Earnings Call Transcript 2m
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of analysts/investors call for Q2/H1 FY2025-26 results, held Nov 4; results approved Nov 3.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper publication pertaining to Unaudited financial results for the quarter and half year ended on 30th September, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
4 Nov - Investor Presentation on the Unaudited financial results for the quarter and half year ended on 30th September 2025.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Mar 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Sep 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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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