Financials Adani Wilmar Limited Bombay S.E.

Equities

AWL

INE699H01024

Food Processing

Market Closed - Bombay S.E. 04:59:45 01/07/2024 BST 5-day change 1st Jan Change
332.6 INR +0.30% Intraday chart for Adani Wilmar Limited -1.20% -6.30%

Valuation

Fiscal Period: March 2022 2023 2024 2025 2026
Capitalization 1 671,804 527,475 417,717 431,623 -
Enterprise Value (EV) 1 653,375 513,696 455,583 472,957 482,293
P/E ratio 75 x 90.6 x 282 x 47.8 x 39 x
Yield - - - - -
Capitalization / Revenue 1.24 x 0.9 x 0.81 x 0.78 x 0.7 x
EV / Revenue 1.21 x 0.88 x 0.89 x 0.85 x 0.78 x
EV / EBITDA 37.6 x 30.9 x 40.1 x 23.8 x 21.1 x
EV / FCF 105 x -3,221 x -71.1 x 54.6 x 52.3 x
FCF Yield 0.96% -0.03% -1.41% 1.83% 1.91%
Price to Book 8.83 x 6.46 x 5.02 x 4.65 x 4.15 x
Nbr of stocks (in thousands) 1,299,679 1,299,679 1,299,679 1,299,679 -
Reference price 2 516.9 405.8 321.4 332.1 332.1
Announcement Date 02/05/22 03/05/23 01/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2022 2023 2024 2025 2026
Net sales 1 542,136 584,462 512,616 554,903 618,705
EBITDA 1 17,363 16,610 11,353 19,902 22,815
EBIT 1 14,272 13,025 7,714 16,127 18,586
Operating Margin 2.63% 2.23% 1.5% 2.91% 3%
Earnings before Tax (EBT) 1 10,588 7,889 2,624 12,026 15,043
Net income 1 8,037 5,821 1,480 9,024 11,055
Net margin 1.48% 1% 0.29% 1.63% 1.79%
EPS 2 6.890 4.480 1.140 6.949 8.507
Free Cash Flow 1 6,243 -159.5 -6,412 8,668 9,223
FCF margin 1.15% -0.03% -1.25% 1.56% 1.49%
FCF Conversion (EBITDA) 35.96% - - 43.55% 40.42%
FCF Conversion (Net income) 77.68% - - 96.06% 83.43%
Dividend per Share - - - - -
Announcement Date 02/05/22 03/05/23 01/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 149,604 147,316 141,500 154,380 139,450 129,281 122,672 128,284 132,380
EBITDA 1 4,257 4,431 2,539 6,052 3,588 1,304 1,437 5,042 3,570
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) 1 - 2,603 - - 1,292 -676.8 -1,618 - 2,109
Net income 1 2,343 1,936 487.6 2,462 936.1 -789.2 -1,307 - 1,568
Net margin 1.57% 1.31% 0.34% 1.59% 0.67% -0.61% -1.07% - 1.18%
EPS - - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 02/05/22 03/08/22 03/11/22 08/02/23 03/05/23 02/08/23 01/11/23 31/01/24 01/05/24
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2022 2023 2024 2025 2026
Net Debt 1 - - 37,866 41,334 50,670
Net Cash position 1 18,429 13,778 - - -
Leverage (Debt/EBITDA) - - 3.335 x 2.077 x 2.221 x
Free Cash Flow 1 6,243 -160 -6,412 8,668 9,223
ROE (net income / shareholders' equity) 14.7% 7.38% 1.8% 10% 11%
ROA (Net income/ Total Assets) 4.64% 2.75% 0.73% 3.36% 3.8%
Assets 1 173,225 211,488 203,927 268,331 290,773
Book Value Per Share 2 58.50 62.80 64.00 71.40 80.00
Cash Flow per Share - - - - -
Capex 1 5,356 6,793 9,323 8,088 7,328
Capex / Sales 0.99% 1.16% 1.82% 1.46% 1.18%
Announcement Date 02/05/22 03/05/23 01/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
332.1 INR
Average target price
374.2 INR
Spread / Average Target
+12.68%
Consensus

Quarterly revenue - Rate of surprise

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