AWL Agri Business Ltd logo

AWL Agri Business Ltd

AWL NSE

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]

AI Verdict: HOLD Confidence: 4%

AWL Agri Business trades at a P/E of 23.9x with moderate sales growth of 17% TTM, but the stock has declined 28% over the past year and promoter holding has dropped by 31%. The debt reduction is encouraging, but low ROE of 9% over 3 years and a 14% TTM profit decline warrant caution before committing fresh capital.

Key Fundamentals

SmallcapFMCG ProductsFMCG
Market Cap
₹23,918 Cr
Volatility
Moderate
P/E Ratio
22.7
EBITDA
₹2,549 Cr
Return on Equity
2.05%
Debt to Equity
0.15
Book Value
₹80.34
EPS
₹4.57
52W High
₹286
52W Low
₹171.19

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

Revenue Growth
17.58% ↗
Net Income Growth
-14.86% ↘
Cash Flow Change
82.74% ↗
ROE
-23.18% ↘
ROCE
-22.49% ↘
EBITDA Margin (Avg.)
-20.42% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

AWL Agri Business trades at a P/E of 23.9x with moderate sales growth of 17% TTM, but the stock has declined 28% over the past year and promoter holding has dropped by 31%. The debt reduction is encouraging, but low ROE of 9% over 3 years and a 14% TTM profit decline warrant caution before committing fresh capital.

Bull Case 8
  • TTM sales growth of 17% indicates strong top-line momentum in the FMCG/agri segment
  • 3-year compounded profit growth of 22% demonstrates ability to scale earnings over medium term
  • Company has actively reduced debt, improving balance sheet health and reducing financial risk
  • P/B ratio of 2.39x is reasonable for an FMCG business suggesting limited downside from asset value perspective
  • 5-year compounded sales growth of 15% shows consistent revenue expansion track record
  • ROE improving from 9% (3-year average) to 11% in the last year indicates operational efficiency gains
  • Dividend yield of 0.52% provides a small but tangible return floor for patient investors
  • 50% of analyst ratings are buy recommendations out of 6 total ratings, indicating moderate Street confidence
Bear Case 8
  • Stock price CAGR of -28% over 1 year reflects severe market de-rating and loss of investor confidence
  • 3-year stock CAGR of -24% indicates sustained long-term wealth destruction for shareholders
  • Promoter holding decreased by 31% over last 3 years, a significant red flag on insider confidence
  • TTM compounded profit declined 14%, showing recent earnings deterioration despite sales growth
  • 3-year average ROE of only 9.05% is below cost of equity for most investors, indicating poor capital efficiency
  • High cost of borrowing erodes profitability and suggests weak bargaining power with lenders
  • P/E of 23.9x is expensive relative to the low single-digit ROE of 9-11%, offering poor earnings yield
  • 16.67% of analysts rate the stock as sell, and only 6 total ratings suggest limited institutional coverage

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Madhur brand licensing partnership May 28

    AWL Agri Business announced a strategic collaboration with Shree Renuka Sugars to license the 'Madhur' brand, aiming to strengthen market reach and accelerate growth in packaged foods.

Neutral 3
  • No encumbrance on promoter shares Jun 20

    Promoter Lence Pte. Ltd. declared no encumbrance on shares held in AWL Agri Business for FY26, other than those already disclosed to stock exchanges.

  • BRSR filed with strong ESG metrics Jun 13

    AWL Agri Business filed its Business Responsibility and Sustainability Report for FY26, reporting 95% palm oil traceability and 98% recyclable packaging.

  • AGM set for July 7 Jun 10

    AWL Agri Business will hold its 28th AGM on July 7, 2026 via video conferencing, with June 19 fixed as the record date for dividend entitlement.

TL;DR: AWL Agri Business shows no material headwinds in recent news flow. The Madhur brand licensing deal with Shree Renuka Sugars is a clear growth lever for its packaged foods segment. Corporate governance and ESG disclosures remain clean with no promoter pledge concerns. The trend is stable with a mildly positive tilt as the company expands brand partnerships ahead of its upcoming AGM.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
13,873
12,928
12,267
12,828
13,223
14,154
14,460
16,839
18,230
17,059
17,605
18,603
21,465
Expenses
13,755
12,798
12,123
12,324
12,866
13,528
13,845
16,047
17,781
16,693
16,916
18,050
20,941
Operating Profit
118
130
144
505
357
626
615
792
448
366
688
553
524
OPM %
1%
1%
1%
4%
3%
4%
4%
5%
2%
2%
4%
3%
2%
Other Income
313
66
11
59
104
54
56
67
62
206
-79
106
159
Interest
210
171
220
187
171
166
177
204
178
159
189
185
174
Depreciation
92
94
96
95
79
96
92
108
98
103
107
111
128
PBT
129
-68
-162
281
211
418
402
546
234
311
313
363
380
Tax %
28%
-12%
-19%
27%
27%
25%
30%
28%
25%
25%
27%
28%
29%
Net Profit
94
-79
-131
201
157
313
311
411
191
238
245
269
293
EPS in Rs
0.72
-0.61
-1.01
1.55
1.21
2.41
2.39
3.16
1.46
1.82
1.88
2.07
2.25
Figures in ₹ Crores

Profit & Loss

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
28,797
29,657
37,090
54,155
58,185
51,225
63,672
74,731
Expenses
27,666
28,348
35,765
52,418
57,223
50,090
61,186
72,600
Operating Profit
1,131
1,310
1,326
1,736
962
1,135
2,486
2,131
OPM %
4%
4%
4%
3%
2%
2%
4%
3%
Other Income
122
110
104
172
961
240
233
392
Interest
487
569
407
541
775
749
724
707
Depreciation
199
241
268
309
358
364
395
449
PBT
567
609
755
1,059
789
262
1,601
1,367
Tax %
37%
34%
14%
27%
30%
35%
27%
28%
Net Profit
376
461
729
804
582
148
1,226
1,045
EPS in Rs
32.86
40.32
63.74
6.18
4.48
1.14
9.43
8.04
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
12%
Figures in ₹ Crores

Balance Sheet

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 56.94%
FIIs 21.86%
Public 10.40%
DIIs 8.37%
Others 2.44%
Total 100.01%
  Aug 2021Feb 2022Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025Feb 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
100.00%
87.94%
87.94%
87.94%
87.94%
87.94%
87.94%
87.94%
87.94%
87.87%
87.87%
87.87%
87.87%
87.87%
74.36%
74.36%
74.36%
74.36%
63.94%
56.94%
56.94%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.65%
0.77%
0.73%
0.95%
1.16%
4.06%
4.06%
4.31%
4.61%
14.11%
21.15%
21.86%
DIIs
0.00%
0.89%
0.25%
0.00%
0.09%
0.13%
0.11%
0.06%
0.06%
0.12%
0.29%
0.25%
0.07%
0.05%
8.76%
8.76%
8.91%
8.62%
8.83%
9.28%
8.37%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
6.35%
7.61%
9.46%
9.00%
9.16%
9.67%
9.86%
10.43%
10.49%
10.20%
10.34%
10.14%
9.90%
10.72%
10.72%
10.41%
10.52%
10.81%
10.29%
10.40%
Others
0.00%
4.82%
4.21%
2.60%
2.97%
2.77%
2.28%
2.13%
1.57%
0.86%
0.87%
0.81%
0.97%
1.02%
2.11%
2.11%
2.01%
1.89%
2.31%
2.34%
2.44%
No. of Shareholders
8
7,56,800
8,02,280
11,17,520
9,87,112
10,05,430
11,32,260
11,44,600
11,53,750
12,00,270
11,73,450
11,61,450
10,75,650
10,59,390
10,66,030
10,66,030
10,57,700
10,34,680
10,13,530
9,66,721
9,41,828

Documents

Frequently Asked Questions about AWL Agri Business Ltd

What does AWL Agri Business Ltd do?
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]
Where is AWL Agri Business Ltd (AWL) listed?
AWL Agri Business Ltd is listed on the Indian stock exchanges. It is listed on NSE: AWL and BSE: 543458. You can view its live share price, financials, and ratios on Tapetide.
Which sector does AWL Agri Business Ltd belong to?
AWL Agri Business Ltd operates in the Fast Moving Consumer Goods sector within the Agricultural Food & other Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of AWL Agri Business Ltd?
AWL Agri Business Ltd has a market capitalisation of approximately ₹23917.99 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of AWL Agri Business Ltd?
The Price-to-Earnings (PE) ratio of AWL Agri Business Ltd is 22.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of AWL Agri Business Ltd?
Over the past 52 weeks, AWL Agri Business Ltd has traded between a low of ₹171.19 and a high of ₹286. This range helps investors understand the stock's price volatility and recent trading levels.
Does AWL Agri Business Ltd pay dividends?
Yes, AWL Agri Business Ltd has a dividend yield of 0.55%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of AWL Agri Business Ltd?
AWL Agri Business Ltd has a Return on Equity (ROE) of 2.05%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research AWL Agri Business Ltd on Tapetide?
On Tapetide, you can view AWL Agri Business Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

Website adaniwilmar.com
CEO Mr. Shrikant Kanhere
Employees 2,772
Listed 2022-02-08
Face Value ₹ 1
Issued Size 1,29,96,78,605

Explore More

More in Fast Moving Consumer Goods → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List