AWL - Adani Wilmar Limited Share Price

Agricultural Food & otherProducts

₹268.30-10.95(-3.92%)

Market Closed as of Apr 29, 2025, 15:30 IST

What does Adani Wilmar Limited do?

Edible Oil•Fast Moving Consumer Goods•Mid Cap

Adani Wilmar Limited, a fast-moving consumer goods food company, provides kitchen commodities in India. It produces, refines, and sells soyabean, palm, sunflower, rice bran, mustard, groundnut, cottonseed, and blended oil; specialty fats, including industrial margarine, bakery shortenings, and vanaspati for baked products; and lauric fats for ice cream and confectionery. The company also offers oleochemicals, such as stearic acids, soap noodles, palmitic acids, oleic acids, and glycerin for home and personal care products; castor oils and its derivatives comprising steric acids and ricin oleic acids for medical, pharmaceutical, cosmetic, and aeronautical use; and de-oiled cakes that are used as livestock feeds. In addition, it provides wheat flour, rice, pulses, sugar, besan, poha, rawa, suji, soya chunks, soya flour, soya grits, soya flakes, soya bari, and ready-to-cook khichdi; soaps, handwash, and sanitizers. Further, the company is involved in the bulk packaging of frying oil. It offers its products under the Fortune, King's, Raag, Bullet, Fryola, Jubilee, Aadhaar, Alpha, Avsar, Golden Chef, Kohinoor, Charminar, Trophy, and Alife brand names through Fortune Online and Fortune Mart, as well as e-commerce channels. The company exports its products to the Middle East, Southeast Asia, Africa, the United States, Canada, and internationally. Adani Wilmar Limited was incorporated in 1999 and is based in Ahmedabad, India.

Industry Group:Agricultural Food & otherProducts

Employees:2,678

Website:www.adaniwilmar.com

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Category	AWL	Agricultural
PE	30.45	6.63
PS	0.61	0.36
Growth	13.2 %	395.6 %

Summary of Latest Earnings Report from Adani Wilmar

Summary of Adani Wilmar's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook:
Adani Wilmar's management expressed a positive outlook, highlighting Q3 FY25 as one of the best quarters with record revenue (Rs.16,859 Cr), EBITDA (Rs.792 Cr), and PAT (Rs.411 Cr). Growth was driven by edible oils (volume up 4%) and food/FMCG (volume up 23%). The edible oil segment benefited from favorable commodity cycles and pricing, while food remains in the investment phase but is expected to contribute significantly by FY27 (target: Rs.10,000 Cr revenue).

Key Points:

Edible Oil Performance:
- Strong EBITDA growth (57% YoY) due to inventory gains and hedging.
- Palm oil prices remain elevated, but regional strategies (e.g., mustard oil in North/East) and alternate channels (e-commerce, HoReCa) supported volumes.
Food & FMCG Growth:
- 23% volume growth in Q3, led by wheat flour, pulses, and soya nuggets.
- Temporary losses in rice due to price corrections; recovery expected.
- New integrated facility in Gohana (operational by Q1 FY26) to boost capacity and efficiency.
Distribution Expansion:
- Direct coverage of 8+ lakh outlets; targeting 1 million by FY27.
- Rural markets recovering post-monsoon, contributing 30% of sales.
Margin Trends:
- Edible oil normalized EBITDA: Rs.3,750"“3,800/ton.
- Food segment aims for profitability post-FY28 as scale improves.
ESG & Innovation:
- CSR initiatives (e.g., Fortune SuPoshan) and sustainability awards.
- Focus on packaged staples and plant-based proteins (e.g., soya nuggets).

Challenges:

Palm oil price volatility and duty risks.
Urban demand sluggishness offset by rural recovery.

The company remains bullish on growth through distribution expansion, capacity investments, and market share gains in staples.

Q&A Session

Last updated: Feb 25

Question 1: Could you discuss the competitive intensity and pricing pressure in the soya nuggets segment, given rising competition from players like Marico Saffola? Additionally, how do you view the long-term potential of Sattu in the organized market?
Answer: Adani Wilmar emphasized its manufacturing edge in soya nuggets, leveraging Wenger technology and multi-location plants for cost efficiency. Competition is viewed as market-expanding, with stable pricing. Sattu demand is regional (East India) and seasonal, supported by targeted distribution.

Question 2: What explains the inventory losses in the branded rice segment, and how do you plan to regain market share? What is the outlook for palm oil prices and potential duty adjustments?
Answer: Rice inventory losses stemmed from price corrections and tolling constraints. The new Gohana facility aims to stabilize supply chains and improve market share. Palm oil prices remain volatile due to geopolitical factors and biodiesel policies; duty changes are uncertain as the government prioritizes farmer and consumer interests.

Question 3: Can you quantify the impact of ESOPs on employee costs and clarify the sequential rise in other expenses? How should we model normalized inventory gains and direct reach expansion targets?
Answer: Higher employee costs were due to one-time incentives, not ESOPs. Other expenses included derivative adjustments and marketing provisions. Inventory gains are tied to commodity cycles, with normalized EBITDA around Rs.3,500"“3,600/ton. Direct reach targets aim for 1 million outlets by FY27.

Question 4: How do you expect edible oil volume growth and profitability to trend amid palm price corrections? What are the medium-term growth and margin aspirations for the food/FMCG segment?
Answer: Edible oil volume growth is projected at 8"“9% (vs. industry's 6"“7%), supported by distribution expansion. Food/FMCG targets 20%+ volume growth, with margins expected to improve post-FY28 after scaling operations and gaining market share.

Question 5: Are there plans to engage in palm cultivation in India, given Wilmar's global expertise? How is palm oil utilized in your product portfolio?
Answer: Adani Wilmar sources palm oil from Southeast Asia (not India) and uses it in edible oils and specialty fats. Soya nuggets rely on non-GM soya beans, unrelated to palm oil.

Shareholder Name	Holding %
Lence Pte Ltd.	43.94%
Adani Commodities LLP	30.42%
ICICI Prudential Multicap Fund	2.51%
Mirae Asset Large & Mid Cap Fund	2.09%

Description	Share	Value
Edible Oil	79.4%	13.4 kCr
Industry Essentials	11.4%	1.9 kCr
Food & FMCG	9.2%	1.6 kCr
Total		16.9 kCr

Cash Flow for Adani Wilmar

Consolidated figures (in Rs. Crores) / View Standalone Data

Finance costs	31%
Change in inventories	7689.6%
Depreciation	2.3%
Unrealised forex losses/gains	-64.2%
Adjustments for interest income	1.4%
Net Cashflows from Operations	-45.5%
Income taxes paid (refund)	-0.6%
Net Cashflows From Operating Activities	-56.5%
Proceeds from sales of PPE	-72%
Purchase of property, plant and equipment	37.3%
Interest received	12.4%
Other inflows (outflows) of cash	-16.4%
Net Cashflows From Investing Activities	-73.5%
Proceeds from borrowings	186.8%
Repayments of borrowings	-100.6%
Payments of lease liabilities	16.4%
Interest paid	44.8%
Other inflows (outflows) of cash	93.1%
Net Cashflows from Financing Activities	38.7%
Effect of exchange rate on cash eq.	51%
Net change in cash and cash eq.	-151.4%

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	27.4%
Change in inventories	-38.7%
Depreciation	0.9%
Unrealised forex losses/gains	-69.2%
Adjustments for interest income	1.9%
Net Cashflows from Operations	-22.2%
Income taxes paid (refund)	2.2%
Net Cashflows From Operating Activities	-28.8%
Cashflows used in obtaining control of subsidiaries	-
Proceeds from sales of PPE	-68.3%
Purchase of property, plant and equipment	35.7%
Interest received	13.7%
Other inflows (outflows) of cash	-23.3%
Net Cashflows From Investing Activities	-76.9%
Proceeds from issuing shares	-
Proceeds from borrowings	111.2%
Repayments of borrowings	-100.8%
Payments of lease liabilities	-102.4%
Interest paid	39.4%
Other inflows (outflows) of cash	93.1%
Net Cashflows from Financing Activities	32.6%
Effect of exchange rate on cash eq.	65.1%
Net change in cash and cash eq.	-161%

Balance Sheet for Adani Wilmar

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	298.1%	614	155	114	269	187	79
Current investments	-	476	0	0	50	350	50
Loans, current	-68.6%	17	52	37	2.66	43	43
Total current financial assets	16%	5,583	4,811	5,422	6,152	6,869	6,976
Inventories	10.9%	7,680	6,924	7,104	7,096	6,534	7,376
Total current assets	12.9%	13,796	12,221	12,998	13,702	13,814	15,412
Property, plant and equipment	3.7%	4,280	4,128	3,928	4,000	3,936	3,905
Capital work-in-progress	23.9%	1,059	855	722	323	256	363
Non-current investments	7.4%	247	230	230	238	234	236
Loans, non-current	-30.9%	48	69	15	49	0	0
Total non-current financial assets	18.7%	356	300	450	352	291	274
Total non-current assets	6.5%	6,979	6,551	6,423	5,911	5,699	4,839
Total assets	10.7%	20,806	18,803	19,427	19,619	19,513	20,251
Borrowings, non-current	-	59	0	0	0	0	0
Total non-current financial liabilities	59.6%	218	137	114	93	94	534
Provisions, non-current	0.2%	541	540	565	565	30	31
Total non-current liabilities	9.2%	1,109	1,016	1,035	1,054	995	813
Borrowings, current	-19.9%	1,742	2,174	3,456	2,125	2,903	2,508
Total current financial liabilities	11.7%	10,411	9,321	10,384	10,421	10,785	11,394
Provisions, current	44%	9.71	7.05	7.25	7.06	6.44	3.64
Current tax liabilities	435.3%	92	18	-	-	11	11
Total current liabilities	13.3%	10,777	9,515	10,524	10,577	10,909	12,060
Total liabilities	12.9%	11,886	10,531	11,559	11,631	11,904	12,873
Equity share capital	0%	130	130	130	130	130	130
Total equity	7.8%	8,920	8,272	7,868	7,988	7,609	7,378
Total equity and liabilities	10.7%	20,806	18,803	19,427	19,619	19,513	20,251

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	180.6%	725	259	144	395	246	127
Current investments	-	476	0	0	50	350	50
Loans, current	-68.6%	17	52	37	2.68	43	43
Total current financial assets	15.5%	5,808	5,029	5,631	6,364	7,107	7,106
Inventories	10.7%	7,978	7,204	7,485	7,681	7,207	7,717
Total current assets	12.7%	14,332	12,718	13,608	14,532	14,785	15,926
Property, plant and equipment	3.1%	4,565	4,426	4,236	4,327	4,285	4,288
Capital work-in-progress	25.5%	1,092	870	724	324	257	376
Goodwill	12.5%	55	49	48	50	52	57
Non-current investments	9.6%	342	312	315	342	323	312
Loans, non-current	-	34	0	15	49	0	0
Total non-current financial assets	20.9%	469	388	542	464	386	358
Total non-current assets	6.4%	7,509	7,058	6,918	6,443	6,233	5,391
Total assets	10.4%	21,871	19,807	20,531	20,980	21,018	21,317
Borrowings, non-current	-	74	0	0	0	34	45
Total non-current financial liabilities	61.5%	240	149	131	119	151	591
Provisions, non-current	0%	593	593	616	613	53	54
Total non-current liabilities	9.5%	1,182	1,080	1,104	1,127	1,080	898
Borrowings, current	-22.7%	1,867	2,415	3,643	2,226	2,917	2,523
Total current financial liabilities	11.5%	11,353	10,184	11,275	11,483	11,870	12,058
Provisions, current	33.2%	12	9.26	9.98	9.05	9.18	6.38
Current tax liabilities	276%	95	26	21	11	23	25
Total current liabilities	12.8%	11,747	10,411	11,465	11,687	12,106	12,813
Total liabilities	12.5%	12,930	11,491	12,569	12,814	13,186	13,711
Equity share capital	0%	130	130	130	130	130	130
Non controlling interest	-	-1.09	0	0	-	0	-
Total equity	7.5%	8,942	8,316	7,962	8,166	7,831	7,606
Total equity and liabilities	10.4%	21,871	19,807	20,531	20,980	21,018	21,317

Investor Care
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	9.17

Financial Health
Current Ratio	1.22
Debt/Equity	0.22
Debt/Cashflow	0.15

Income Statement for Adani Wilmar

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	17.8%	16,491	13,994	13,750	12,704	12,440	11,720
Other Income	-37.9%	65	104	60	103	59	63
Total Income	17.4%	16,555	14,098	13,810	12,807	12,499	11,783
Cost of Materials	15.6%	13,799	11,937	11,203	10,555	10,215	10,407
Purchases of stock-in-trade	71.9%	1,012	589	1,035	393	533	590
Employee Expense	71.8%	178	104	107	103	89	91
Finance costs	19.7%	189	158	148	156	170	196
Depreciation and Amortization	18.3%	98	83	86	69	85	85
Other expenses	16.4%	1,229	1,056	1,040	1,263	1,011	935
Total Expenses	17.1%	15,996	13,660	13,376	12,595	12,166	11,844
Profit Before exceptional items and Tax	27.9%	560	438	434	212	333	-61.03
Exceptional items before tax	-	0	0	0	0	0	-53.51
Total profit before tax	27.9%	560	438	434	212	333	-114.54
Current tax	56.4%	148	95	111	108	51	-37.33
Deferred tax	-89.8%	2.63	17	-0.48	-53.28	35	9.84
Total tax	34.2%	150	112	111	55	86	-27.49
Total profit (loss) for period	25.5%	409	326	324	156	247	-87.05
Other comp. income net of taxes	24.3%	-0.71	-1.26	-0.18	0.95	-0.57	-1.91
Total Comprehensive Income	26.3%	409	324	323	157	247	-88.96
Earnings Per Share, Basic	42.4%	3.15	2.51	2.49	1.2	1.9	-0.67
Earnings Per Share, Diluted	42.4%	3.15	2.51	2.49	1.2	1.9	0

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Revenue From Operations	-10.9%	49,243	55,262	52,361
Other Income	12.9%	290	257	169
Total Income	-10.8%	49,533	55,519	52,530
Cost of Materials	-8.9%	41,491	45,562	46,629
Purchases of stock-in-trade	-28.4%	1,960	2,736	2,250
Employee Expense	9.1%	374	343	358
Finance costs	-7.6%	674	729	525
Depreciation and Amortization	0.9%	322	319	285
Other expenses	13.2%	4,258	3,760	3,167
Total Expenses	-10.2%	49,098	54,694	51,446
Profit Before exceptional items and Tax	-47.3%	435	825	1,084
Exceptional items before tax	-	-53.51	0	0
Total profit before tax	-53.9%	381	825	1,084
Current tax	127.1%	160	71	237
Deferred tax	-139.9%	-56.84	146	40
Total tax	-52.8%	103	217	276
Total profit (loss) for period	-54.3%	278	607	808
Other comp. income net of taxes	-178.6%	-0.73	3.2	-3.94
Total Comprehensive Income	-54.7%	277	610	804
Earnings Per Share, Basic	-68.9%	2.14	4.67	6.92
Earnings Per Share, Diluted	-68.9%	2.14	4.67	6.92

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	16.6%	16,859	14,460	14,169	13,238	12,828	12,267
Other Income	-36.5%	67	105	61	104	59	64
Total Income	16.2%	16,926	14,565	14,230	13,342	12,888	12,331
Cost of Materials	13.9%	14,077	12,364	11,564	11,013	10,537	10,925
Purchases of stock-in-trade	71.9%	1,012	589	1,035	393	533	590
Employee Expense	65.5%	188	114	119	116	100	101
Finance costs	15.3%	204	177	166	171	187	220
Depreciation and Amortization	17.6%	108	92	96	79	95	96
Other expenses	15.5%	1,261	1,092	1,075	1,312	1,049	978
Total Expenses	15.7%	16,380	14,163	13,812	13,131	12,607	12,439
Profit Before exceptional items and Tax	35.9%	546	402	418	211	281	-108.25
Exceptional items before tax	-	0	0	0	0	0	-53.51
Total profit before tax	35.9%	546	402	418	211	281	-161.76
Current tax	56.8%	150	96	115	113	55	-32.35
Deferred tax	-92.8%	2.66	24	-8.24	-56.71	20	0.82
Total tax	27.7%	153	120	107	56	75	-31.53
Total profit (loss) for period	32.3%	411	311	313	157	201	-130.73
Other comp. income net of taxes	-228.2%	-2.38	-0.03	2.84	-2.84	-0.68	-1.52
Total Comprehensive Income	31.6%	409	311	316	154	200	-132.25
Earnings Per Share, Basic	55.4%	3.16	2.39	2.41	1.21	1.55	-1.01
Earnings Per Share, Diluted	55.4%	3.16	2.39	2.41	1.21	1.55	-1.01

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Revenue From Operations	-11.9%	51,262	58,185	54,214
Other Income	12.7%	294	261	172
Total Income	-11.8%	51,555	58,446	54,386
Cost of Materials	-10.2%	43,291	48,208	48,214
Purchases of stock-in-trade	-28.4%	1,960	2,736	2,335
Employee Expense	6.9%	421	394	392
Finance costs	-3.4%	749	775	541
Depreciation and Amortization	1.7%	364	358	309
Other expenses	12.3%	4,431	3,947	3,294
Total Expenses	-11.1%	51,239	57,657	53,327
Profit Before exceptional items and Tax	-60%	316	789	1,059
Exceptional items before tax	-	-53.51	0	0
Total profit before tax	-66.9%	262	789	1,059
Current tax	88.3%	178	95	246
Deferred tax	-162%	-85.76	141	39
Total tax	-61.1%	92	235	284
Total profit (loss) for period	-74.7%	148	582	804
Other comp. income net of taxes	78.8%	-4.04	-22.73	-3.49
Total Comprehensive Income	-74.4%	144	559	800
Earnings Per Share, Basic	-96%	1.14	4.48	6.89
Earnings Per Share, Diluted	-96%	1.14	4.48	6.89

Valuation
Market Cap	34.87 kCr
Price/Earnings (Trailing)	29.26
Price/Sales (Trailing)	0.59
EV/EBITDA	13.06
Price/Free Cashflow	-65.34
MarketCap/EBT	22.11

Fundamentals
Revenue (TTM)	59.06 kCr
Rev. Growth (Yr)	31.34%
Rev. Growth (Qtr)	16.21%
Earnings (TTM)	1.19 kCr
Earnings Growth (Yr)	104.55%
Earnings Growth (Qtr)	32.12%

Profitability
Operating Margin	2.67%
EBT Margin	2.67%
Return on Equity	13.33%
Return on Assets	5.45%
Free Cashflow Yield	-1.53%

Is Adani Wilmar Better than it's peers?

Detailed comparison of Adani Wilmar against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
MARICO	MaricoEdible Oil	92.11 kCr	10.55 kCr	+10.33%	+38.83%	56.41	8.73	+7.59%	+9.82%
PATANJALI	Patanjali FoodsEdible Oil	69.47 kCr	32.89 kCr	+6.82%	+21.97%	60.46	2.11	+4.17%	+39.70%
GODREJAGRO	Godrej AgrovetAnimal Feed	14.83 kCr	9.42 kCr	+3.77%	+43.70%	36.81	1.57	-1.47%	+26.87%
LTFOODS	LT FoodsOther Agricultural Products	12.24 kCr	8.6 kCr	-6.69%	+65.73%	20.34	1.42	+13.70%	+3.86%
GOKULAGRO	Gokul Agro ResourcesEdible Oil	3.6 kCr	18.06 kCr	+0.46%	+104.27%	14.92	0.2	+43.33%	+86.41%
KOTHARIPRO	Kothari ProductsTrading & Distributors	429.69 Cr	1.06 kCr	+5.63%	+10.75%	-4.63	0.41	-1.57%	-614.81%
AGROPHOS	Agro Phos IndiaOther	79.64 Cr	92.69 Cr	+10.44%	-30.28%	-9.61	0.9	-28.06%	+100.78%

AWL - Adani Wilmar Limited Share Price

What does Adani Wilmar Limited do?

Sector Comparison: AWL vs Agricultural Food & otherProducts

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from Adani Wilmar

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Revenue Breakdown

Cash Flow for Adani Wilmar

Balance Sheet for Adani Wilmar

Investor Care

Financial Health

Income Statement for Adani Wilmar

Valuation

Fundamentals

Profitability

Is Adani Wilmar Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)