AWL Agri Business Ltd
AWL Agri Business Ltd
FMCGKey Fundamentals
SmallcapFMCG ProductsFMCGInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY01–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
3- Company has a low return on equity of 9.05% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -31.0%
Growth Rate
AI Analysis — Bull vs Bear
AWL Agri Business Ltd operates in the FMCG/edible oil space with a market cap of ₹25,121 Cr and trades at a PE of 21.4x. The company has delivered 17% TTM sales growth but only 2% TTM profit growth, while its stock has declined 24% over the past year. ROE stands at 11% for the last year with a 3-year average of approximately 9%.
- TTM revenue growth of 17% indicates strong top-line momentum and demand recovery
- 3-year compounded profit growth of 22% shows meaningful earnings expansion over the medium term
- Company has actively reduced debt, improving balance sheet health
- 5-year compounded sales CAGR of 15% demonstrates consistent long-term revenue scaling
- PE of 21.4x is reasonable for an FMCG company with double-digit sales growth
- ROE has improved from 9% (3-year average) to 11% in the last year, suggesting improving capital efficiency
- Dividend yield of 0.52% provides some income return to shareholders
- Stock has declined 24% in the past 1 year, significantly underperforming broader markets
- 3-year stock CAGR of -21% indicates prolonged destruction of shareholder value
- Promoter holding has decreased by 31% over the last 3 years, raising governance and confidence concerns
- 3-year average ROE of only 9.05% is low for an FMCG business and below cost of equity
- TTM profit growth of just 2% versus 17% sales growth suggests margin compression
- Company's cost of borrowing appears high, eroding profitability despite debt reduction
- 5-year compounded profit CAGR of only 8% lags the 15% sales CAGR, indicating structural margin pressure
- Price-to-book ratio of 2.37x combined with sub-10% historical ROE suggests limited value creation above cost of capital
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit up 47.7% YoY Jul 30
Consolidated net profit of ₹351.39 crore for Q1FY27, up 47.7% YoY. Revenue rose 17.5% to ₹20,048 crore driven by Industry Essentials and Food & FMCG segments.
- New CFO Pankaj Goyal appointed Jul 30
Pankaj Goyal, a CA with 23+ years of experience, appointed CFO effective July 31, 2026, providing leadership stability after his interim role.
- Alife soap portfolio relaunched Jul 17
Alife brand relaunched bathing soap range with four new variants on July 15, 2026, featuring upgraded formulations and contemporary packaging to strengthen FMCG presence.
- Q1FY27 earnings call held Jul 30
AWL held its Q1FY27 investor conference call on July 30, 2026. Board approved unaudited standalone and consolidated financial results on the same date.
- ESG rating assigned at 57 Jul 14
AWL received an ESG rating of 57 from ESG Risk Assessments and Insights Limited based on FY2025-26 public disclosures.
- Associate VP resignation accepted Jul 16
Suchandan Chowdhury's resignation as Associate Vice President accepted effective July 15, 2026, as he left for external career opportunities.
TL;DR: AWL Agri Business delivered a strong Q1FY27 with 47.7% profit growth and 17.5% revenue expansion, signaling healthy demand across segments. The CFO appointment and FMCG brand refresh indicate management focus on stability and consumer growth. No material headwinds emerged this period. The trend is clearly improving, and sustaining this earnings momentum through FY27 will be key to watch.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,928 | 12,267 | 12,828 | 13,223 | 14,154 | 14,460 | 16,839 | 18,230 | 17,059 | 17,605 | 18,603 | 21,465 | 20,048 |
| Expenses | 12,798 | 12,123 | 12,324 | 12,866 | 13,528 | 13,845 | 16,047 | 17,781 | 16,693 | 16,916 | 18,050 | 20,941 | 19,355 |
| Operating Profit | 130 | 144 | 505 | 357 | 626 | 615 | 792 | 448 | 366 | 688 | 553 | 524 | 693 |
| OPM % | 1% | 1.2% | 3.9% | 2.7% | 4.4% | 4.3% | 4.7% | 2.5% | 2.1% | 3.9% | 3% | 2.4% | 3.5% |
| Other Income | 66 | 11 | 59 | 104 | 54 | 56 | 67 | 62 | 212 | -79 | 106 | 182 | 88 |
| Interest | 171 | 220 | 187 | 171 | 166 | 177 | 204 | 178 | 159 | 189 | 185 | 174 | 186 |
| Depreciation | 94 | 96 | 95 | 79 | 96 | 92 | 108 | 98 | 103 | 107 | 111 | 128 | 117 |
| PBT | -68 | -162 | 281 | 211 | 418 | 402 | 546 | 234 | 317 | 313 | 363 | 404 | 478 |
| Tax % | -12% | -19% | 27% | 27% | 25% | 30% | 28% | 25% | 25% | 27% | 28% | 27% | 27% |
| Net Profit | -79 | -131 | 201 | 157 | 313 | 311 | 411 | 191 | 238 | 245 | 269 | 293 | 351 |
| EPS in Rs | -0.61 | -1.01 | 1.55 | 1.21 | 2.41 | 2.39 | 3.16 | 1.46 | 1.82 | 1.88 | 2.07 | 2.25 | 2.7 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 28,797 | 29,657 | 37,090 | 54,155 | 58,185 | 51,225 | 63,672 | 74,731 | 77,720 |
| Expenses | 27,666 | 28,348 | 35,765 | 52,418 | 57,223 | 50,090 | 61,186 | 72,600 | 75,262 |
| Operating Profit | 1,131 | 1,310 | 1,326 | 1,736 | 962 | 1,135 | 2,486 | 2,131 | 2,458 |
| OPM % | 3.9% | 4.4% | 3.6% | 3.2% | 1.6% | 2.2% | 3.9% | 2.9% | 3.2% |
| Other Income | 122 | 110 | 104 | 172 | 961 | 240 | 233 | 392 | 298 |
| Interest | 487 | 569 | 407 | 541 | 775 | 749 | 724 | 707 | 734 |
| Depreciation | 199 | 241 | 268 | 309 | 358 | 364 | 395 | 449 | 463 |
| PBT | 567 | 609 | 755 | 1,059 | 789 | 262 | 1,601 | 1,367 | 1,559 |
| Tax % | 37% | 34% | 14% | 27% | 30% | 35% | 27% | 28% | — |
| Net Profit | 376 | 461 | 729 | 804 | 582 | 148 | 1,226 | 1,045 | 1,158 |
| EPS in Rs | 32.86 | 40.32 | 63.74 | 6.18 | 4.48 | 1.14 | 9.43 | 8.04 | 8.9 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 114 | 114 | 130 | 130 | 130 | 130 | 129 |
| Reserves | 1,997 | 2,456 | 3,185 | 7,476 | 8,036 | 8,186 | 9,294 | 10,311 |
| Borrowings | 1,829 | 2,300 | 3,051 | 2,701 | 2,396 | 2,628 | 1,937 | 1,109 |
| Other Liabilities | 7,662 | 6,915 | 6,978 | 11,010 | 10,417 | 8,833 | 11,051 | 13,186 |
| Total Liabilities | 11,603 | 11,786 | 13,328 | 21,317 | 20,979 | 19,777 | 22,412 | 24,736 |
| Fixed Assets | 3,027 | 3,758 | 3,702 | 4,601 | 4,793 | 4,921 | 5,481 | 7,143 |
| CWIP | 570 | 325 | 531 | 275 | 324 | 879 | 1,060 | 443 |
| Investments | 147 | 206 | 332 | 362 | 392 | 312 | 624 | 1,082 |
| Other Assets | 7,858 | 7,497 | 8,763 | 16,079 | 15,469 | 13,665 | 15,248 | 16,069 |
| Total Assets | 11,603 | 11,786 | 13,328 | 21,317 | 20,979 | 19,777 | 22,412 | 24,736 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | 1,693 | 781 | 726 | 1,198 | 663 | 289 | 2,150 | 3,928 |
| Investing | -934 | -506 | -484 | -3,786 | 524 | 138 | -278 | -1,096 |
| Financing | -762 | -8 | -531 | 2,658 | -919 | -847 | -1,544 | -1,678 |
| Net Cash Flow | -3 | 267 | -289 | 70 | 268 | -419 | 328 | 1,154 |
| Free Cash Flow | 785 | 151 | 265 | 663 | -11 | -641 | 1,190 | 3,104 |
| CFO/OP | 162 | 69 | 77 | 83 | 86 | 40 | 98 | 201 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 11 | 15 | 15 | 12 | 13 | 14 | 13 |
| Inventory Days | 61 | 57 | 55 | 58 | 53 | 58 | 56 | 45 |
| Days Payable | 101 | 85 | 60 | 69 | 59 | 56 | 56 | 56 |
| Cash Conversion Cycle | -24 | -17 | 10 | 4 | 6 | 15 | 14 | 1 |
| Working Capital Days | -19 | -18 | -8 | -12 | -6 | -4 | 9 | 4 |
| ROCE % | — | 27% | 21% | 19% | 15% | 10% | 21% | 18% |
Documents
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Company Information
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]