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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543458 | NSE: AWL

Fundamental Analysis of Adani Wilmar Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:47 pm

Market Cap 43,578 Cr.
Current Price 335
High / Low509/286
Stock P/E316
Book Value 61.3
Dividend Yield0.00 %
ROCE15.0 %
ROE7.41 %
Face Value 1.00

Data Source: screener.in

Competitors of Adani Wilmar Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ashoka Refineries Ltd 2.52 Cr. 7.417.41/4.54126 8.000.00 %4.04 %3.50 % 10.0
MK Proteins Ltd 417 Cr. 11.133.4/9.45 1.420.00 %19.1 %23.7 % 1.00
NK Industries Ltd (NKIND) 32.7 Cr. 54.494.4/0.00 5730.00 %%% 10.0
Shanti Overseas (India) Ltd 17.0 Cr. 15.334.4/14.4 13.00.00 %30.5 %21.3 % 10.0
Ruchi Infrastructure Ltd 294 Cr. 13.019.1/7.9054.6 9.020.00 %4.01 %0.83 % 1.00
Industry Average152.64 Cr20.2436.12120.890.00%11.53%9.87%6.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10,22910,67211,31213,55814,37914,91714,72414,15015,43813,87312,92812,26712,828
Expenses9,91510,31910,93513,12913,87514,49214,28113,89614,83313,51412,79812,12312,324
Operating Profit314353377430504426443254605359130144504
OPM %3%3%3%3%4%3%3%2%4%3%1%1%4%
Other Income9265725276352597872661159
Interest84111142149143107150163252210171220187
Depreciation68676876818386909192949695
Profit before tax17120222522930629826060340129-68-162281
Tax %36%-46%26%27%28%26%24%47%32%28%12%19%27%
Net Profit1273151761822112341944924694-79-131201
EPS in Rs11.1527.561.541.601.851.801.490.381.890.72-0.61-1.011.55

Last Updated: April 10, 2024, 5:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 6:45 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales28,79729,65737,09054,15558,18551,896
Expenses27,66628,34835,76552,41856,52150,759
Operating Profit1,1311,3101,3261,7361,6641,137
OPM %4%4%4%3%3%2%
Other Income122110104172259208
Interest487569407541775788
Depreciation199241268309358376
Profit before tax5676097551,059789181
Tax %37%34%14%27%30%
Net Profit37646172980458285
EPS in Rs32.8640.3263.746.184.480.65
Dividend Payout %0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)22.61%58.13%10.29%-27.61%
Change in YoY Net Profit Growth (%)0.00%35.53%-47.85%-37.90%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:25%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:8%
TTM:-81%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-17%
Return on Equity
10 Years:%
5 Years:%
3 Years:13%
Last Year:7%

Last Updated: April 16, 2024, 6:28 pm

Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital114114114130130130
Reserves1,9972,4563,1857,4768,0367,832
Borrowings1,8292,3003,0512,7012,3963,834
Other Liabilities7,6626,9156,97811,01010,4178,735
Total Liabilities11,60311,78613,32821,31720,97920,531
Fixed Assets3,0273,7583,7024,6014,7934,716
CWIP570325531275324724
Investments147206332362392315
Other Assets7,8587,4978,76316,07915,46914,776
Total Assets11,60311,78613,32821,31720,97920,531

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,6937817261,198663
Cash from Investing Activity -934-506-484-3,786524
Cash from Financing Activity -762-8-5312,658-919
Net Cash Flow-3267-28970268

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.00-1.00-2.00-1.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1611151512
Inventory Days6157555854
Days Payable10185606960
Cash Conversion Cycle-24-171046
Working Capital Days-9-51158
ROCE %27%21%19%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters87.94%87.94%87.94%87.94%87.94%87.94%87.94%87.88%
FIIs2.01%1.50%1.63%1.57%1.27%1.14%0.63%0.65%
DIIs0.41%0.00%0.09%0.14%0.11%0.06%0.06%0.12%
Public9.64%10.56%10.34%10.35%10.68%10.85%11.36%11.35%
No. of Shareholders8,02,28011,17,5229,87,11210,05,43311,32,25811,44,60211,53,74812,00,267

Shareholding Pattern Chart

No. of Shareholders

Adani Wilmar Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India ETF Nifty Next 50 Junior BeES1641430.145.83
ICICI Prudential Nifty Next 50 Index Fund1512770.145.38
UTI Nifty Next 50 Index Fund1225060.144.35
SBI Nifty Next 50 ETF813580.142.89
UTI Nifty Next 50 Exchange Traded Fund650440.142.31
HDFC Nifty 100 Equal Weight Index Fund283730.941.01
SBI Nifty Next 50 Index Fund260550.140.93
HDFC NIFTY Next 50 Index Fund178690.140.64
ICICI Prudential Nifty Next 50 ETF172850.140.61
Axis Nifty 100 Index Fund157160.050.56

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)4.486.896.374.033.29
Diluted EPS (Rs.)4.486.896.374.033.29
Cash EPS (Rs.)7.028.3480.5056.3748.49
Book Value[Excl.RevalReserv]/Share (Rs.)62.8358.52288.56224.92184.70
Book Value[Incl.RevalReserv]/Share (Rs.)62.8358.52288.56224.92184.70
Revenue From Operations / Share (Rs.)447.68417.123245.152594.782519.57
PBDIT / Share (Rs.)14.7914.69125.16124.19109.67
PBIT / Share (Rs.)12.0312.31101.78103.0892.23
PBT / Share (Rs.)6.078.1566.2053.2849.63
Net Profit / Share (Rs.)4.265.9657.1135.2631.06
NP After MI And SOA / Share (Rs.)4.486.1863.6640.3232.85
PBDIT Margin (%)3.303.523.854.784.35
PBIT Margin (%)2.682.953.133.973.66
PBT Margin (%)1.351.952.032.051.96
Net Profit Margin (%)0.951.421.751.351.23
NP After MI And SOA Margin (%)1.001.481.961.551.30
Return on Networth / Equity (%)7.1210.5622.0617.9217.78
Return on Capital Employeed (%)16.8218.8023.2426.4028.64
Return On Assets (%)2.773.775.463.913.23
Long Term Debt / Equity (X)0.000.010.310.440.45
Total Debt / Equity (X)0.270.330.490.840.82
Asset Turnover Ratio (%)2.703.122.982.550.00
Current Ratio (X)1.241.241.041.000.96
Quick Ratio (X)0.580.640.460.470.45
Inventory Turnover Ratio (X)6.157.677.505.700.00
Interest Coverage Ratio (X)2.483.533.522.492.57
Interest Coverage Ratio (Post Tax) (X)1.712.432.611.711.73
Enterprise Value (Cr.)51269.4565333.590.000.000.00
EV / Net Operating Revenue (X)0.881.210.000.000.00
EV / EBITDA (X)26.6734.230.000.000.00
MarketCap / Net Operating Revenue (X)0.901.240.000.000.00
Price / BV (X)6.468.840.000.000.00
Price / Net Operating Revenue (X)0.901.240.000.000.00
EarningsYield0.010.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1464.08

The stock is undervalued by 337.04% compared to the current price ₹335

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.40%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 2.00, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -4.20, which is a positive sign.
  4. The company has higher reserves (5,163.67 cr) compared to borrowings (2,685.17 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (42.83 cr) and profit (483.67 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Adani Wilmar Ltd:
      1. Net Profit Margin: 0.95%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 16.82% (Industry Average ROCE: 11.53%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 7.12% (Industry Average ROE: 9.87%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 1.71
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.58
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 316 (Industry average Stock P/E: 36.12)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. ✓ Total Debt / Equity: 0.27
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating: ★★☆☆☆

    About the Company

    Adani Wilmar Ltd. is a Public Limited Listed company incorporated on 22/01/1999 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L15146GJ1999PLC035320 and registration number is 035320. Currently Company is involved in the business activities of Manufacture of vegetable oils and fats excluding corn oil. Company’s Total Operating Revenue is Rs. 52361.01 Cr. and Equity Capital is Rs. 129.97 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Edible Oils & Solvent ExtractionFortune House, Ahmedabad Gujarat 380009investor.relations@adaniwilmar.in
    http://www.adaniwilmar.com
    Management
    NamePosition Held
    Mr. Kuok Khoon HongNon Executive Vice Chairman
    Mr. Angshu MallickManaging Director & CEO
    Mr. Pranav AdanIDirector
    Dr. Malay MahadeviaDirector
    Mr. Madhu RaoIndependent Director
    Mr. Dorab MistryNon Executive Chairman
    Mrs. Dipali H ShethIndependent Director
    Dr. Anup P ShahIndependent Director

    Adani Wilmar Ltd. Share Price Update

    Share PriceValue
    Today₹335.75
    Previous Day₹336.20

    FAQ

    What is the latest fair value of Adani Wilmar Ltd?

    The latest fair value of Adani Wilmar Ltd is 1464.08.

    What is the Market Cap of Adani Wilmar Ltd?

    The Market Cap of Adani Wilmar Ltd is 43,578 Cr..

    What is the current Stock Price of Adani Wilmar Ltd as on 20 April 2024?

    The current stock price of Adani Wilmar Ltd as on 20 April 2024 is 335.

    What is the High / Low of Adani Wilmar Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Adani Wilmar Ltd stocks is ₹509/286.

    What is the Stock P/E of Adani Wilmar Ltd?

    The Stock P/E of Adani Wilmar Ltd is 316.

    What is the Book Value of Adani Wilmar Ltd?

    The Book Value of Adani Wilmar Ltd is 61.3.

    What is the Dividend Yield of Adani Wilmar Ltd?

    The Dividend Yield of Adani Wilmar Ltd is 0.00 %.

    What is the ROCE of Adani Wilmar Ltd?

    The ROCE of Adani Wilmar Ltd is 15.0 %.

    What is the ROE of Adani Wilmar Ltd?

    The ROE of Adani Wilmar Ltd is 7.41 %.

    What is the Face Value of Adani Wilmar Ltd?

    The Face Value of Adani Wilmar Ltd is 1.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Adani Wilmar Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE