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 trades at a market cap of ₹24,981 Cr with a PE of 21.5x and PB of 2.39x. The company has delivered 17% TTM sales growth but only 2% TTM profit growth, while ROE remains modest at 11% for the last year. The stock has declined 23% over the past one year, and promoter holding has decreased by 31% over three years.
- Strong TTM revenue growth of 17% indicates improving top-line momentum
- 3-year compounded profit growth of 22% shows meaningful earnings expansion over the medium term
- Company has actively reduced debt levels, improving balance sheet health
- 5-year compounded sales CAGR of 15% demonstrates sustained demand for its products
- ROE has improved from 9% (3-year average) to 11% in the last year, showing upward trajectory
- PE of 21.5x is reasonable for an FMCG company with double-digit sales growth
- Dividend yield of 0.52% provides some income return to shareholders
- Stock has declined 23% over 1 year and 20% CAGR over 3 years, indicating persistent negative sentiment
- Promoter holding has decreased by 31% over last 3 years, raising governance and confidence concerns
- TTM profit growth of only 2% versus 17% sales growth signals significant margin compression
- 3-year average ROE of just 9.05% is low for an FMCG business and below cost of equity
- Company's cost of borrowing appears high, pressuring profitability
- 5-year compounded profit CAGR of only 8% lags the 15% sales CAGR over the same period, indicating poor operating leverage
- PB ratio of 2.39x combined with sub-10% ROE implies the market is paying a premium for modest capital efficiency
- Divergence between revenue growth and profit growth suggests rising input costs or competitive pricing pressure
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 rose 47.7% YoY to ₹351.39 crore in Q1FY27, with revenue up 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, was appointed CFO effective July 31, 2026, providing leadership stability after his interim role.
- Investor meetings scheduled Aug 13-14 Aug 11
AWL will host one-on-one and group meetings with analysts and investors on August 13-14, 2026. No price-sensitive information will be discussed.
- Q4FY26 results call audio released Jul 30
Audio recording of the Q4FY26 investor call was released on July 30, 2026, alongside board approval of unaudited standalone and consolidated financial results.
TL;DR: AWL Agri Business is executing well with strong Q1FY27 earnings growth of 47.7% in profit and 17.5% in revenue, signaling healthy demand across its FMCG and industrial segments. CFO appointment adds management continuity. No material headwinds are visible in recent news flow. The trend is clearly improving, and upcoming investor meetings may provide further forward guidance.
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]