Awl Agri Business Limited (AWL)

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Awl Agri Business Limited (AWL) · mywealthgrid

About

Awl Agri Business Limited operates a major edible oil business within the Consumer Staples sector, generating quarterly revenues of ₹17,000–21,000 crore with market capitalisation of ₹24,975 crore. The company's scale reflects the essential role of edible oils in Indian household consumption.

Founded: 1999
Face value: ₹1

Market cap

₹22,801 Cr

P/E

19.7×

P/B

2.2×

Dividend yield

0.6%

ROE

10.5%

ROCE

18.2%

Debt / equity

0.08

OPM

2.9%

EPS (TTM)

₹8.9

Book value

₹80.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin and volatile margins: Operating margin ranges from 2.32% to 3.91% (average 2.85%), limiting reinvestment capacity and amplifying commodity-cost exposure. Verify: cost pass-through ability and inventory hedging.
Stock underperformance: 1-year return of -23.35% despite Jun 2026 dividend suggests market skepticism about earnings sustainability. Verify: what structural concerns investors are pricing in.
Modest returns on capital: ROE of 10.49% is relatively low for Consumer Staples, indicating limited value creation per rupee deployed. Verify: whether sector-typical or company-specific.
Commodity-cycle dependency: Global palm and soybean prices, plus domestic monsoon volatility, drive input costs directly. Verify: hedging strategy and margin resilience during price spikes.

Generated analysis · source review pending

Growth drivers

Low financial leverage (D/E 0.08) provides capacity for capex or M&A; verify capex roadmap.
Operating margin recovery: OPM improved to 3.4–3.5% (Jun 2026) from 2.3–2.4% (Mar 2026), suggesting operational improvement; verify sustainability.
Substantial revenue scale (₹17–21k Cr quarterly) enables productivity gains and consolidation benefits; verify volume trends and market share.
Cash generation: Jun 2026 dividend demonstrates underlying cash flows despite thin margins; verify payout ratio sustainability.

Generated analysis · source review pending

1,144 historical price candles were omitted because the exchange source has not been verified.

₹175.4-1.9%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15% over the last 5 years
+Almost debt-free (debt/equity 0.1)

Cons

−Low return on equity of 8.7% (3-yr avg)
−Thin operating margin of 2.9%
−Low dividend payout of 11.2% of profit
−Promoter holding fell 17.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 35
Growth: 70
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Patanjali Foods LimitedPATANJALIPATANJALI	₹38,644 Cr	₹41,427 Cr	₹42,776 Cr	₹1,975 Cr	4.4%	₹1,970 Cr	4.5%	13.7%	14.8%	74
Awl Agri Business LimitedAWLAWL	₹22,801 Cr	₹23,619 Cr	₹77,720 Cr	₹2,458 Cr	2.9%	₹1,156 Cr	1.4%	18.2%	10.5%	40
Gokul Agro Resources LimitedGOKULAGROGOKULAGRO	₹6,200 Cr	₹6,771 Cr	₹24,435 Cr	₹747 Cr	2.8%	₹421 Cr	1.5%	40.8%	30.1%	4
CIAN Agro Industries & Infrastructure LtdCIANAGROCIANAGRO	₹2,844 Cr	₹4,043 Cr	₹2,234 Cr	₹476 Cr	21.3%	₹223 Cr	10%	13.4%	10.8%	116
Sundrop Brands LimitedSUNDROPSUNDROP	₹2,839 Cr	₹2,839 Cr	₹1,605 Cr	₹70 Cr	3.8%	₹29 Cr	1.3%	1.8%	1.4%	39
Shri Venkatesh Refineries LtdSVRLSVRL	₹1,501 Cr	—	₹1,378 Cr	₹73 Cr	5.3%	₹38 Cr	2.8%	—	—	—
Gokul Refoils And Solvent LimitedGOKULGOKUL	₹383 Cr	₹765 Cr	₹4,211 Cr	₹39 Cr	0.9%	₹21 Cr	0.5%	15.7%	5.2%	23
Kriti Nutrients LimitedKRITINUTKRITINUT	₹333 Cr	₹341 Cr	₹940 Cr	₹44 Cr	4.7%	₹33 Cr	3.7%	20.1%	15.4%	20
Halder Venture LimitedHALDERHALDER	₹289 Cr	₹649 Cr	₹646 Cr	₹28 Cr	4.3%	₹29 Cr	4.9%	34.5%	24.2%	229
Vijay Solvex LtdVIJSOLXVIJSOLX	₹199 Cr	₹209 Cr	₹1,829 Cr	₹4 Cr	0.2%	₹3 Cr	0.2%	1.4%	0.9%	14
Prime Industries LtdPRIMINDPRIMIND	₹195 Cr	₹234 Cr	₹0 Cr	₹0 Cr	-2.9%	₹1 Cr	16.2%	6.9%	3.3%	36
Ajanta Soya LtdAJANTSOYAJANTSOY	₹173 Cr	₹181 Cr	₹931 Cr	₹37 Cr	0.9%	₹25 Cr	0.6%	9.3%	5.1%	29

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	37,090	54,214	58,185	51,262	63,672	74,731
COGS	32,490	48,791	52,183	45,275	56,137	66,908
Gross profit	4,601	5,422	6,002	5,987	7,535	7,823
	3,275	3,657	4,312	4,874	4,991	5,638
	1,325	1,766	1,690	1,113	2,544	2,185
OPM %	3.6%	3.3%	2.9%	2.2%	4%	2.9%
Depreciation	268	309	358	364	395	449
Interest	407	541	775	749	724	707
	104	172	261	240	238	392
Profit before tax	832	1,088	817	240	1,663	1,421
Tax	103	284	235	92	437	377
Tax %	12.4%	26.1%	28.8%	38.3%	26.3%	26.5%
	729	804	582	148	1,226	1,045
PAT margin %	2%	1.5%	1%	0.3%	1.9%	1.4%
EPS (₹)	6.4	6.9	4.5	1.1	9.4	8.1
EPS adjusted (₹)	6.4	6.2	4.5	1.1	9.5	8.1
	0%	0%	0%	0%	0%	12.4%
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	114	130	130	130	130	129
Reserves	3,185	7,476	8,036	8,186	9,294	10,311
Minority interest	—	—	—	—	0	3
	2,950	2,568	2,226	2,415	1,712	818
	7,079	11,143	10,588	9,075	11,302	13,497
Total equity & liabilities	13,328	21,317	20,980	19,807	22,438	24,759
	3,703	4,601	4,793	4,921	5,481	7,143
CWIP	531	376	324	870	1,056	443
Investments	332	362	392	312	624	1,082
	8,763	15,978	15,470	13,704	15,277	16,092
Total assets	13,328	21,317	20,980	19,807	22,438	24,759

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Edible Oil	59,787.47	1,063.47	14,276.67	11,303.38	2,973.29	35.77
Industry Essentials	8,469.95	351.81

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	12.4%	10%	10.3%	11.7%	11.8%	10.5%
EBITDA margin %	3.6%	3.2%	2.9%	2.2%	3.9%	2.9%
EBIT margin %	2.9%	2.6%	2.2%	1.5%	3.3%	2.3%
PAT margin %	2%	1.5%	1%	0.3%	1.9%	1.4%
Working capital
Receivable days	15	15	12	13	14	13
Inventory days	54	58	54	58	56	45
Payable days	58	69	60	56	56	18
NWC days	10	4	6	14	14	40
Leverage
Current ratio	1.05	1.24	1.24	1.22	1.25	1.26
Debt to EBITDA	2.23	1.48	1.34	2.13	0.69	0.38
Debt to equity	0.89	0.34	0.27	0.29	0.18	0.08
Interest coverage	2.9	3	2	1.4	3.2	3
Asset turnover	2.78	2.54	2.77	2.59	2.84	3.02
Return ratios
Return on assets %	5.5%	3.8%	2.8%	0.7%	5.5%	4.2%
Return on capital employed %	23.2%	23.7%	17.6%	11.4%	23.1%	18.2%
Return on equity %	22.1%	10.6%	7.1%	1.8%	13%	10%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	87.94%	87.87%	87.87%	87.87%	87.87%	87.87%	74.36%	74.36%	63.94%	56.94%	56.94%	56.94%
	0.63%	0.65%	0.77%	0.73%	0.95%	1.16%	4.31%	4.61%	14.11%	21.15%	21.86%	21.09%
	0.07%	0.12%	0.29%	0.25%	0.07%	0.05%	8.91%	8.62%	8.83%	9.28%	8.37%	8.46%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	11.36%	11.36%	11.07%	11.15%	11.11%	10.92%	12.08%	12.07%	12.79%	12.3%	12.38%	12.91%
No. of shareholders	—	—	—	—	—	—	—	—	10,13,527	9,66,721	9,41,828	9,31,230

Promoter holding down 31 percentage points since Sep 2023.

54 deals · 18 Jul 2025 – 2 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
2 Jul 2026	AUSTRALIANSUPER	Bulk	BSE	Sell	1,65,04,965	₹180.14	₹297.32 Cr
2 Jul 2026	ICICI PRUDENTIAL MUTUAL FUND	Bulk	BSE	Buy	1,30,00,000	₹180.10	₹234.13 Cr
25 Nov 2025	AUSTRALIANSUPER	Bulk	NSE	Buy	94,85,998	₹274.95	₹260.82 Cr
21 Nov 2025	ADANI COMMODITIES LLP	Bulk	BSE	Sell	5,15,07,502	₹275.00	₹1,416.46 Cr
21 Nov 2025	ADANI COMMODITIES LLP	Bulk	NSE	Sell	3,94,70,000	₹275.09	₹1,085.78 Cr
18 Jul 2025	ADANI COMMODITIES LLP	Bulk	BSE	Sell	13,54,82,400	₹275.50	₹3,732.54 Cr
18 Jul 2025	SHAJAEATAN INVESTMENT FZCO	Bulk	BSE	Buy	11,07,07,803	₹275.50	₹3,050.00 Cr
18 Jul 2025	SHAJAEATAN INVESTMENT FZCO	Block	BSE	Buy	11,07,07,803	₹275.50	₹3,050.00 Cr
18 Jul 2025	ADANI COMMODITIES LLP	Block	BSE	Sell	11,07,07,803	₹275.50	₹3,050.00 Cr
18 Jul 2025	IDFC MUTUAL FUND	Bulk	BSE	Buy	72,59,528	₹275.50	₹200.00 Cr

1–10 of 54

1 / 6

Mr. DORAB ERACH MISTRYNon-Executive - Independent Director-Chairperson
Mr. KUOK KHOON HONGNon-Executive - Non Independent Director
Mr. ANGSHU MALLICKDeputy Executive Chairperson
Mr. ANGSHU MALLICKExecutive Director
Mr. MADHU RAMACHANDRA RAONon-Executive - Independent Director
Mrs. DIPALI HEMANT SHETHNon-Executive - Independent Director
Mr. ANUP PRAVIN SHAHNon-Executive - Independent Director
Mr. SHRIKANT KANHEREExecutive Director-CEO-MD
Mr. SAUMIN SHETHExecutive Director
Mr. RAVINDRA KUMAR SINGHExecutive Director
Mr. Darshil LakhiaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 11 fund houses

Held by these funds

5.04%

of the company's equity

All mutual funds

8.25%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

42 schemes · 11 fund houses

		Shares
Value Fund	ICICI Prudential Mutual Fund	2.75 Cr	528.62	0.88%	2.112%	-80,907
SMALL CAP FUND	Nippon India Mutual Fund	2.62 Cr	505.12	0.61%	2.018%	-0
Balanced Advantage Fund	Nippon India Mutual Fund	32.5 L	62.58	0.63%	0.25%	-0
Bharat Consumption Fund	ICICI Prudential Mutual Fund	16.83 L	32.41	1%	0.13%	-0
INDIA CONSUMER FUND	Tata Mutual Fund	14.22 L	27.38	0.94%	0.109%	-0
Consumption Fund	Nippon India Mutual Fund	12.39 L	23.86	0.97%	0.095%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	11.59 L	22.3	0.99%	0.089%	+22,127
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	5.39 L	10.38	0.25%	0.041%	+19,067

1–8 of 42

1 / 6

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend19 Jun 2026 · ex-date₹1

1

Board meeting to consider results30 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

28 Sept 2026, 11:13 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	12.4%	10%	10.3%	11.7%	11.8%	10.5%
EBITDA margin %	3.6%	3.2%	2.9%	2.2%	3.9%	2.9%
EBIT margin %	2.9%	2.6%	2.2%	1.5%	3.3%	2.3%
PAT margin %	2%	1.5%	1%	0.3%	1.9%	1.4%
Working capital
Receivable days	15	15	12	13	14	13
Inventory days	54	58	54	58	56	45
Payable days	58	69	60	56	56	18
NWC days	10	4	6	14	14	40
Leverage
Current ratio	1.05	1.24	1.24	1.22	1.25	1.26
Debt to EBITDA	2.23	1.48	1.34	2.13	0.69	0.38
Debt to equity	0.89	0.34	0.27	0.29	0.18	0.08
Interest coverage	2.9	3	2	1.4	3.2	3
Asset turnover	2.78	2.54	2.77	2.59	2.84	3.02
Return ratios
Return on assets %	5.5%	3.8%	2.8%	0.7%	5.5%	4.2%
Return on capital employed %	23.2%	23.7%	17.6%	11.4%	23.1%	18.2%
Return on equity %	22.1%	10.6%	7.1%	1.8%	13%	10%

Date	Category	Subject	Filing
28 Sept 2026, 11:13 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 7:40 pm	Company Update General	Disclosure Uder Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015	PDF
11 Sept 2026, 6:12 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
3 Sept 2026, 11:03 am	Company Update General	ESG Rating By NSE Sustainability Ratings And Analytics Limited	PDF
27 Aug 2026, 2:48 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
25 Aug 2026, 6:19 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
11 Aug 2026, 6:19 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
8 Aug 2026, 12:47 pm	Company Update General	Clarification On News Article	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	726	1,160	663	289	2,150	3,928
	-484	-3,861	533	142	-270	-1,066
	-531	2,691	-919	-563	-1,544	-1,678
Net cash flow	-289	-10	277	-132	336	1,184
Free cash flow	264	624	-16	-643	1,154	3,095
CFO / Operating profit %	54.8%	66.8%	39.9%	25.5%	86.6%	184.4%

Awl Agri Business Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

1

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Edible Oil · revenue

Awl Agri Business Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Dividends1

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Edible Oil · revenue

1

1

1

1