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 ₹ 35,572 Cr.
- Current Price ₹ 274
- High / Low ₹ 348 / 232
- Stock P/E 32.8
- Book Value ₹ 72.5
- Dividend Yield 0.00 %
- ROCE 20.9 %
- ROE 13.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
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 7.89% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 28,797 | 29,657 | 37,090 | 54,155 | 58,185 | 51,262 | 63,672 | 69,732 | |
| 27,666 | 28,348 | 35,765 | 52,418 | 57,223 | 50,126 | 61,186 | 67,428 | |
| Operating Profit | 1,131 | 1,310 | 1,326 | 1,736 | 962 | 1,135 | 2,486 | 2,304 |
| OPM % | 4% | 4% | 4% | 3% | 2% | 2% | 4% | 3% |
| 122 | 110 | 104 | 172 | 961 | 240 | 233 | 246 | |
| Interest | 487 | 569 | 407 | 541 | 775 | 749 | 724 | 730 |
| Depreciation | 199 | 241 | 268 | 309 | 358 | 364 | 395 | 416 |
| Profit before tax | 567 | 609 | 755 | 1,059 | 789 | 262 | 1,601 | 1,404 |
| Tax % | 37% | 34% | 14% | 27% | 30% | 35% | 27% | |
| 376 | 461 | 729 | 804 | 582 | 148 | 1,226 | 1,084 | |
| EPS in Rs | 32.86 | 40.32 | 63.74 | 6.18 | 4.48 | 1.14 | 9.43 | 8.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 6% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 15% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 8% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 114 | 114 | 130 | 130 | 130 | 130 |
| Reserves | 1,997 | 2,456 | 3,185 | 7,476 | 8,036 | 8,186 | 9,294 |
| 1,829 | 2,300 | 3,051 | 2,701 | 2,396 | 2,628 | 1,937 | |
| 7,662 | 6,915 | 6,978 | 11,010 | 10,417 | 8,833 | 11,051 | |
| Total Liabilities | 11,603 | 11,786 | 13,328 | 21,317 | 20,979 | 19,777 | 22,412 |
| 3,027 | 3,758 | 3,702 | 4,601 | 4,793 | 4,930 | 5,481 | |
| CWIP | 570 | 325 | 531 | 275 | 324 | 870 | 1,060 |
| Investments | 147 | 206 | 332 | 362 | 392 | 312 | 624 |
| 7,858 | 7,497 | 8,763 | 16,079 | 15,469 | 13,665 | 15,248 | |
| Total Assets | 11,603 | 11,786 | 13,328 | 21,317 | 20,979 | 19,777 | 22,412 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1,693 | 781 | 726 | 1,198 | 663 | 289 | 2,150 | |
| -934 | -506 | -484 | -3,786 | 524 | 138 | -278 | |
| -762 | -8 | -531 | 2,658 | -919 | -563 | -1,544 | |
| Net Cash Flow | -3 | 267 | -289 | 70 | 268 | -136 | 328 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 11 | 15 | 15 | 12 | 13 | 14 |
| Inventory Days | 61 | 57 | 55 | 58 | 53 | 58 | 56 |
| Days Payable | 101 | 85 | 60 | 69 | 59 | 56 | 56 |
| Cash Conversion Cycle | -24 | -17 | 10 | 4 | 6 | 14 | 14 |
| Working Capital Days | -19 | -18 | -8 | -12 | -6 | -4 | 2 |
| ROCE % | 27% | 21% | 19% | 15% | 10% | 21% |
Documents
Announcements
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 15s
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - 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
1d - 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
2d - Investor Presentation on the Unaudited financial results for the quarter and half year ended on 30th September 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Q2 revenue INR 17,605cr; Q2 PAT INR 245cr; LTM revenue 69,732cr; LTM EBITDA INR 2,328cr.
Annual reports
Concalls
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Business Segments