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Last Updated: April 2, 2026, 4:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543458 | NSE: AWL

Adani Wilmar Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹214.34Undervalued by 17.13%vs CMP ₹183.00

P/E (24.8) × ROE (13.9%) × BV (₹76.20) × DY (2.00%)

₹154.36Overvalued by 15.65%vs CMP ₹183.00
MoS: -18.6% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹221.1822%Under (+20.9%)
Graham NumberEarnings₹111.3416%Over (-39.2%)
Earnings PowerEarnings₹31.1911%Over (-83%)
DCFCash Flow₹82.8213%Over (-54.7%)
Net Asset ValueAssets₹76.377%Over (-58.3%)
EV/EBITDAEnterprise₹213.679%Under (+16.8%)
Earnings YieldEarnings₹72.307%Over (-60.5%)
ROCE CapitalReturns₹186.619%Fair (+2%)
Revenue MultipleRevenue₹490.905%Under (+168.3%)
Consensus (9 models)₹154.36100%Overvalued
Key Drivers: Wide model spread (₹31–₹491) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 3.2%

*Investments are subject to market risks

Investment Snapshot

63
Adani Wilmar Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health74/100 · Strong
ROCE 20.9% ExcellentROE 13.9% GoodD/E 0.84 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money55/100 · Moderate
FII holding up 16.84% (6mo) AccumulatingPromoter decreased by 7.00% Caution
Earnings Quality50/100 · Moderate
OPM stable around 3% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +22% YoY AcceleratingProfit (4Q): -21% YoY Declining
Industry Rank75/100 · Strong
P/E 24.8 vs industry 263.2 Cheaper than peersROCE 20.9% vs industry 14.3% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:00 am

Market Cap 23,736 Cr.
Current Price 183
Intrinsic Value₹154.36
High / Low 291/171
Stock P/E24.8
Book Value 76.2
Dividend Yield0.00 %
ROCE20.9 %
ROE13.9 %
Face Value 1.00
PEG Ratio7.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Adani Wilmar Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Adani Wilmar Ltd 23,736 Cr. 183 291/17124.8 76.20.00 %20.9 %13.9 % 1.00
Gujarat Ambuja Exports Ltd 6,392 Cr. 139 149/10131.1 67.50.18 %11.5 %8.64 % 1.00
Gokul Agro Resources Ltd 5,634 Cr. 191 222/96.018.8 41.20.00 %34.2 %27.0 % 1.00
CIAN Agro Industries & Infrastructure Ltd 1,996 Cr. 713 3,633/3574,338 33.00.00 %8.54 %1.06 % 10.0
BCL Industries Ltd 853 Cr. 28.9 49.3/25.57.28 28.90.90 %13.2 %13.0 % 1.00
Industry Average11,412.83 Cr130.95263.2137.260.19%14.31%12.90%4.29

All Competitor Stocks of Adani Wilmar Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 15,43813,87312,92812,26712,82813,22314,15414,46016,83918,23017,05917,60518,603
Expenses 14,83313,75512,79812,12312,32412,86613,52813,84516,04717,77116,69316,91618,050
Operating Profit 605118130144505357626615792458366688553
OPM % 4%1%1%1%4%3%4%4%5%3%2%4%3%
Other Income 7831366115910454566752206-79106
Interest 252210171220187171166177204178159189185
Depreciation 919294969579969210898103107111
Profit before tax 340129-68-162281211418402546234311313363
Tax % 32%28%-12%-19%27%27%25%30%28%25%25%27%28%
Net Profit 24694-79-131201157313311411191238245269
EPS in Rs 1.890.72-0.61-1.011.551.212.412.393.161.461.821.882.07

Last Updated: March 3, 2026, 1:09 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 pm

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 28,79729,65737,09054,15558,18551,26263,67271,495
Expenses 27,66628,34835,76552,41857,22350,12661,18669,430
Operating Profit 1,1311,3101,3261,7369621,1352,4862,065
OPM % 4%4%4%3%2%2%4%3%
Other Income 122110104172961240233286
Interest 487569407541775749724711
Depreciation 199241268309358364395419
Profit before tax 5676097551,0597892621,6011,221
Tax % 37%34%14%27%30%35%27%
Net Profit 3764617298045821481,226942
EPS in Rs 32.8640.3263.746.184.481.149.437.23
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)22.61%58.13%10.29%-27.61%-74.57%728.38%
Change in YoY Net Profit Growth (%)0.00%35.53%-47.85%-37.90%-46.96%802.95%

Adani Wilmar Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:6%
TTM:27%
Compounded Profit Growth
10 Years:%
5 Years:22%
3 Years:15%
TTM:94%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-27%
1 Year:-27%
Return on Equity
10 Years:%
5 Years:11%
3 Years:8%
Last Year:14%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:17 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 114114114130130130130130
Reserves 1,9972,4563,1857,4768,0368,1869,2949,776
Borrowings 1,8292,3003,0512,7012,3962,6281,9371,096
Other Liabilities 7,6626,9156,97811,01010,4178,83311,05114,029
Total Liabilities 11,60311,78613,32821,31720,97919,77722,41225,030
Fixed Assets 3,0273,7583,7024,6014,7934,9305,4816,621
CWIP 5703255312753248701,060746
Investments 147206332362392312624547
Other Assets 7,8587,4978,76316,07915,46913,66515,24817,116
Total Assets 11,60311,78613,32821,31720,97919,77722,41225,030

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,6937817261,1986632892,150
Cash from Investing Activity + -934-506-484-3,786524138-278
Cash from Financing Activity + -762-8-5312,658-919-563-1,544
Net Cash Flow -3267-28970268-136328
Free Cash Flow 785151265663-11-6411,190
CFO/OP 162%69%77%83%86%40%98%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-1.00-2.00-1.00960.00-1.001.00

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 2023Mar 2024Mar 2025
Debtor Days 16111515121314
Inventory Days 61575558535856
Days Payable 101856069595656
Cash Conversion Cycle -24-1710461514
Working Capital Days -19-18-8-12-6-42
ROCE %27%21%19%15%10%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 87.94%87.94%87.94%87.88%87.88%87.88%87.88%87.88%74.36%74.36%63.94%56.94%
FIIs 1.27%1.14%0.63%0.65%0.77%0.73%0.95%1.16%4.31%4.61%14.11%21.15%
DIIs 0.11%0.06%0.06%0.12%0.29%0.25%0.07%0.05%8.90%8.62%8.82%9.28%
Public 10.68%10.85%11.36%11.35%11.08%11.15%11.11%10.91%12.08%12.08%12.78%12.30%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.34%0.34%0.34%0.34%
No. of Shareholders 11,32,25811,44,60211,53,74812,00,26711,73,45011,61,45310,75,64710,59,39010,57,69510,34,67510,13,5279,66,721

Shareholding Pattern Chart

No. of Shareholders

Adani Wilmar Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 22,483,343 0.63 425.16N/AN/AN/A
ICICI Prudential Multi Asset Fund 16,550,173 0.38 312.9615,550,1732026-03-24 01:56:106.43%
ICICI Prudential Value Fund 13,481,154 0.42 254.9312,672,3792026-03-23 10:21:136.38%
ICICI Prudential Large & Mid Cap Fund 9,181,767 0.61 173.636,629,9342026-02-22 08:05:0538.49%
Quant Multi Cap Fund 8,928,426 2.32 168.84N/AN/AN/A
ICICI Prudential Multicap Fund 6,232,216 0.72 117.857,906,4352026-03-24 00:33:18-21.18%
Mirae Asset Large & Midcap Fund 5,076,750 0.22 9610,197,5672026-03-24 01:55:36-50.22%
ICICI Prudential Balanced Advantage Fund 4,363,636 0.12 82.52N/AN/AN/A
Bandhan Value Fund 4,000,000 0.75 75.643,000,0002026-03-24 01:16:1933.33%
Quant Mid Cap Fund 3,914,728 1.01 74.03N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.0010.0010.00
Basic EPS (Rs.) 1.144.486.896.374.03
Diluted EPS (Rs.) 1.144.486.896.374.03
Cash EPS (Rs.) 4.117.028.3480.5056.37
Book Value[Excl.RevalReserv]/Share (Rs.) 63.9862.8358.52288.56224.92
Book Value[Incl.RevalReserv]/Share (Rs.) 63.9862.8358.52288.56224.92
Revenue From Operations / Share (Rs.) 394.41447.68417.123245.152594.78
PBDIT / Share (Rs.) 10.9914.7914.69125.16124.19
PBIT / Share (Rs.) 8.1912.0312.31101.78103.08
PBT / Share (Rs.) 2.026.078.1566.2053.28
Net Profit / Share (Rs.) 1.314.265.9657.1135.26
NP After MI And SOA / Share (Rs.) 1.144.486.1863.6640.32
PBDIT Margin (%) 2.783.303.523.854.78
PBIT Margin (%) 2.072.682.953.133.97
PBT Margin (%) 0.511.351.952.032.05
Net Profit Margin (%) 0.330.951.421.751.35
NP After MI And SOA Margin (%) 0.281.001.481.961.55
Return on Networth / Equity (%) 1.777.1210.5622.0617.92
Return on Capital Employeed (%) 11.3316.8218.8023.2426.40
Return On Assets (%) 0.742.773.775.463.91
Long Term Debt / Equity (X) 0.000.000.010.310.44
Total Debt / Equity (X) 0.290.270.330.490.84
Asset Turnover Ratio (%) 2.512.703.122.982.55
Current Ratio (X) 1.221.241.241.041.00
Quick Ratio (X) 0.530.580.640.460.47
Inventory Turnover Ratio (X) 5.826.157.677.505.70
Interest Coverage Ratio (X) 1.912.483.533.522.49
Interest Coverage Ratio (Post Tax) (X) 1.301.712.432.611.71
Enterprise Value (Cr.) 41339.1851269.4565333.590.000.00
EV / Net Operating Revenue (X) 0.800.881.210.000.00
EV / EBITDA (X) 28.9326.6734.230.000.00
MarketCap / Net Operating Revenue (X) 0.810.901.240.000.00
Price / BV (X) 5.026.468.840.000.00
Price / Net Operating Revenue (X) 0.810.901.240.000.00
EarningsYield 0.000.010.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

AWL Agri Business 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. 61676.73 Cr. and Equity Capital is Rs. 129.97 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent ExtractionFortune House, Near Navrangpura Railway Crossing, Ahmedabad Gujarat 380009Contact not found
Management
NamePosition Held
Mr. Dorab MistryNon Exe.Chairman&Ind.Director
Mr. Kuok Khoon HongNon Executive Vice Chairman
Mr. Angshu MallickManaging Director & CEO
Mr. Ravindra Kumar SinghWhole Time Director
Mrs. Dipali ShethIndependent Director
Dr. Anup P ShahIndependent Director
Mr. Madhu RaoIndependent Director

FAQ

What is the intrinsic value of Adani Wilmar Ltd and is it undervalued?

As of 14 April 2026, Adani Wilmar Ltd's intrinsic value is ₹154.36, which is 15.65% lower than the current market price of ₹183.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.9 %), book value (₹76.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Adani Wilmar Ltd?

Adani Wilmar Ltd is trading at ₹183.00 as of 14 April 2026, with a FY2026-2027 high of ₹291 and low of ₹171. The stock is currently near its 52-week low. Market cap stands at ₹23,736 Cr..

How does Adani Wilmar Ltd's P/E ratio compare to its industry?

Adani Wilmar Ltd has a P/E ratio of 24.8, which is below the industry average of 263.21. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Adani Wilmar Ltd financially healthy?

Key indicators for Adani Wilmar Ltd: ROCE of 20.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Adani Wilmar Ltd profitable and how is the profit trend?

Adani Wilmar Ltd reported a net profit of ₹1,226 Cr in Mar 2025 on revenue of ₹63,672 Cr. Compared to ₹804 Cr in Mar 2022, the net profit shows an improving trend.

Does Adani Wilmar Ltd pay dividends?

Adani Wilmar Ltd has a dividend yield of 0.00 % at the current price of ₹183.00. The company is currently not paying meaningful dividends.

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
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