Adani Wilmar Ltd

₹ 641 -0.93%
02 Dec - close price
About

Adani Wilmar is a leading FMCG food company in India that offers most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. Our products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.[1]

Key Points

Parent entities[1] AWL is a joint venture incorporated in 1999 between the Adani Group, which is a multinational diversified business group with significant interests across transport and logistics, and energy and utility sectors, and the Wilmar Group, one of Asia's leading agribusiness groups which were ranked seventh largest listed companies by market capitalization on the Singapore Exchange as of September 30, 2021.

  • Market Cap 83,361 Cr.
  • Current Price 641
  • High / Low 878 / 221
  • Stock P/E 120
  • Book Value 58.5
  • Dividend Yield 0.00 %
  • ROCE 20.0 %
  • ROE 15.5 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 29.1% CAGR over last 5 years

Cons

  • Stock is trading at 11.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Edible Oil Industry: Solvent Extraction

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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
10,229 10,672 11,312 13,008 13,763 14,273 14,017 13,410
9,914 10,320 10,933 12,583 13,256 13,859 13,620 13,152
Operating Profit 316 352 379 425 507 414 396 258
OPM % 3% 3% 3% 3% 4% 3% 3% 2%
8 26 57 24 26 61 51 58
Interest 84 111 142 144 138 101 144 151
Depreciation 68 66 68 69 73 75 77 81
Profit before tax 172 202 226 237 322 299 227 85
Tax % 35% -46% 26% 26% 25% 25% 25% 27%
Net Profit 111 295 168 176 241 223 170 62
EPS in Rs 9.71 25.81 1.47 1.54 2.11 1.72 1.31 0.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
14,780 22,973 26,354 28,802 29,657 37,090 52,361 55,463
14,552 22,330 25,433 27,703 28,345 35,763 50,635 53,888
Operating Profit 228 643 921 1,100 1,312 1,328 1,726 1,576
OPM % 2% 3% 4% 4% 4% 4% 3% 3%
198 152 88 122 108 104 169 197
Interest 347 328 298 470 569 407 525 533
Depreciation 72 119 146 182 242 268 285 306
Profit before tax 8 348 566 570 609 757 1,084 933
Tax % 45% 34% 34% 36% 35% 14% 25%
Net Profit 4 230 375 365 395 655 808 696
EPS in Rs 0.39 20.09 32.79 31.95 34.52 57.27 6.22 5.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 22%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 31%
TTM: -7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 18%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
109 114 114 114 114 114 130 130
Reserves 666 1,166 1,540 1,905 2,298 2,952 7,248 7,479
1,948 2,622 2,244 1,829 2,300 3,051 2,626 3,035
2,521 3,465 5,750 7,541 6,914 6,958 10,247 8,869
Total Liabilities 5,244 7,367 9,649 11,390 11,627 13,076 20,251 19,513
1,377 1,950 2,273 2,954 3,759 3,702 4,146 4,312
CWIP 43 70 443 570 325 531 363 256
Investments 136 52 53 54 55 106 286 584
3,688 5,294 6,880 7,812 7,488 8,736 15,456 14,360
Total Assets 5,244 7,367 9,649 11,390 11,627 13,076 20,251 19,513

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-64 1,601 1,680 793 741 1,154
-396 -916 -935 -518 -499 -3,848
459 -645 -742 -7 -531 2,716
Net Cash Flow -1 39 2 268 -289 22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 18 13 17 16 11 15 15
Inventory Days 37 54 60 59 57 55 59
Days Payable 63 56 82 96 85 60 69
Cash Conversion Cycle -8 12 -5 -21 -17 10 5
Working Capital Days 5 17 1 -9 -5 11 10
ROCE % 22% 27% 28% 22% 20%

Shareholding Pattern

Numbers in percentages

Mar 2022 Jun 2022 Sep 2022
87.94 87.94 87.94
2.01 1.50 1.63
0.41 0.00 0.09
9.64 10.56 10.34

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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