Adani Wilmar Ltd

Adani Wilmar Ltd

₹ 336 0.21%
03 Jul 11:05 a.m.
About

Incorporated in 1999, Adani Wilmar Ltd deals in edible oil and food and other FMCG products[1]

Key Points

Business Overview:[1]
Company is a Joint venture between Adani and Wilmar Group of Singapore, an Agri business group. Company business is in edible oil, food & other FMCG segments. It is also engaged in industry essential segment viz. castor derivatives, Oleo derivatives and De-oiled cake etc. Company sells its entire range of packed products in edible oils and Food & FMCG segment under the Brands viz. Fortune, King's, Raag, Bullet, Fryola, Jubilee, Aadhaar, Kohinoor, Charminar and Trophy. The overseas subsidiary companies in Bangladesh are mainly engaged in trading & refining of crude edible oil

  • Market Cap 43,728 Cr.
  • Current Price 336
  • High / Low 423 / 286
  • Stock P/E 277
  • Book Value 64.0
  • Dividend Yield 0.00 %
  • ROCE 9.70 %
  • ROE 1.92 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 5.25 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.16% 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.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
10,672 11,312 13,558 14,379 14,917 14,724 14,150 15,438 13,873 12,928 12,267 12,828 13,238
10,319 10,935 13,129 13,875 14,492 14,281 13,896 14,833 13,755 12,798 12,123 12,324 12,881
Operating Profit 353 377 430 504 426 443 254 605 118 130 144 504 357
OPM % 3% 3% 3% 4% 3% 3% 2% 4% 1% 1% 1% 4% 3%
26 57 25 27 63 52 59 78 313 66 11 59 104
Interest 111 142 149 143 107 150 163 252 210 171 220 187 171
Depreciation 67 68 76 81 83 86 90 91 92 94 96 95 79
Profit before tax 202 225 229 306 298 260 60 340 129 -68 -162 281 211
Tax % -46% 26% 27% 28% 26% 24% 47% 32% 28% 12% 19% 27% 27%
315 176 182 211 234 194 49 246 94 -79 -131 201 157
EPS in Rs 27.56 1.54 1.60 1.85 1.80 1.49 0.38 1.89 0.72 -0.61 -1.01 1.55 1.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28,797 29,657 37,090 54,155 58,185 51,262
27,666 28,348 35,765 52,418 57,223 50,126
Operating Profit 1,131 1,310 1,326 1,736 962 1,135
OPM % 4% 4% 4% 3% 2% 2%
122 110 104 172 961 240
Interest 487 569 407 541 775 749
Depreciation 199 241 268 309 358 364
Profit before tax 567 609 755 1,059 789 262
Tax % 37% 34% 14% 27% 30% 35%
376 461 729 804 582 148
EPS in Rs 32.86 40.32 63.74 6.18 4.48 1.14
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 11%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: -16%
3 Years: -40%
TTM: -73%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -18%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 7%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 114 114 114 130 130 130
Reserves 1,997 2,456 3,185 7,476 8,036 8,186
1,829 2,300 3,051 2,701 2,396 2,628
7,662 6,915 6,978 11,010 10,417 8,833
Total Liabilities 11,603 11,786 13,328 21,317 20,979 19,777
3,027 3,758 3,702 4,601 4,793 4,930
CWIP 570 325 531 275 324 870
Investments 147 206 332 362 392 312
7,858 7,497 8,763 16,079 15,469 13,665
Total Assets 11,603 11,786 13,328 21,317 20,979 19,777

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,693 781 726 1,198 663 289
-934 -506 -484 -3,786 524 138
-762 -8 -531 2,658 -919 -563
Net Cash Flow -3 267 -289 70 268 -136

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 11 15 15 12 13
Inventory Days 61 57 55 58 53 58
Days Payable 101 85 60 69 59 56
Cash Conversion Cycle -24 -17 10 4 6 14
Working Capital Days -9 -5 11 5 8 14
ROCE % 27% 21% 19% 15% 10%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
87.94% 87.94% 87.94% 87.94% 87.94% 87.94% 87.94% 87.88% 87.88%
2.01% 1.50% 1.63% 1.57% 1.27% 1.14% 0.63% 0.65% 0.77%
0.41% 0.00% 0.09% 0.14% 0.11% 0.06% 0.06% 0.12% 0.29%
9.64% 10.56% 10.34% 10.35% 10.68% 10.85% 11.36% 11.35% 11.08%
No. of Shareholders 8,02,28011,17,5229,87,11210,05,43311,32,25811,44,60211,53,74812,00,26711,73,450

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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