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India's largest edible oil maker (Fortune brand) and staples/foods company, a Wilmar-Adani joint venture.
India's largest edible oil maker (Fortune brand) and staples/foods company, a Wilmar-Adani joint venture.
Refines largely imported crude palm, soy and sunflower oil and sells it packed under the Fortune brand, so global oil prices, import duties and the rupee feed through to margins. Sold via distributors to neighbourhood stores and large retailers; foods and staples are being added to reduce dependence on oil. Singapore's Wilmar is a major shareholder.
Moat: narrow (brand, distribution, scale). Fortune is India's leading edible-oil brand with vast distribution, though oils are a low-margin commodity category.
Headquarters: Ahmedabad, India · Founded: 1999 · Employees: 6,950
Size AWL Agri Business (AWL.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $2.30B, the 346th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹167.00 on 6 Nov 2026.
Performance Over six months the shares fell 21.2%, against -2.5% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 18.0% over the last twelve months (peer median -0.5%); the operating margin is 2.4% (peer median 5.2%).
Valuation It trades at 17.6× forward earnings against a peer median of 15.2× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.8 points below its cost of capital (10.6% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹823B | ₹747B | ₹636B | ₹511B | ₹581B |
| Revenue growth | — | +17% | +24% | -12% | — |
| Gross profit | ₹72.7B | ₹49.0B | ₹48.8B | ₹35.0B | ₹36.9B |
| EBITDA | ₹24.9B | ₹22.3B | ₹25.1B | ₹14.4B | ₹18.2B |
| Net income | ₹11.5B | ₹10.4B | ₹12.3B | ₹1.48B | ₹5.82B |
| Free cash flow | n/a | ₹16.6B | -₹9.34B | ₹12.1B | -₹2.87B |
| Capital expenditure | n/a | ₹8.33B | ₹9.96B | ₹9.32B | ₹6.79B |
| Total debt | ₹114B | ₹81.2B | ₹76.7B | ₹68.1B | ₹24.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AWL Agri Business AWL.NS | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% |
| Patanjali Foods PATANJALI.NS | $4.75B | -11% | +19% | 4% | 27.1× | n/a |
| Marico MARICO.NS | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% |
| Hindustan Unilever HINDUNILVR.NS | $49.6B | -12% | +6% | 21% | 41.5× | 27.2% |
| ITC ITC.NS | $37.5B | -8% | -2% | 30% | 20.2× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AWL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.8% | -1.8% | 4th lowest of 21 |
| 6-month return | -21.2% | -2.5% | 5th lowest of 21 |
| Distance from 52-week high | -41.0% | -23.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +18.0% | -0.5% | 3rd highest of 21 |
| Operating margin | 2.4% | 5.2% | 7th lowest of 21 |
| Forward P/E | 17.6× | 15.2× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 13.4% | -2.0% | 4th most demanding of 14 |
| Growth delivered (Del g) | +15.0% | +9.9% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -1.6 pp | -12.1 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -3.8 pp | -0.0 pp | 8th lowest of 21 |
| Net debt / EBITDA | 4.5× | 1.3× | 3rd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |
| Trulieve Cannabis TRLV | United States | $2.23B | +31% | -4% | 14% | 31.1× | 13.5% | +17.8% |
| Guangxi Yuegui Guangye 000833.SZ | China | $2.19B | -46% | +67% | 30% | 9.6× | 2.1% | -0.9% |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |
| Lien Hwa Industrial 1229.TW | Taiwan | $2.12B | -6% | -3% | 9% | n/a | 21.5% | +7.3% |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Genus GNS.L | United Kingdom | $2.07B | +5% | -2% | 13% | 23.0× | 17.9% | +2.8% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Bumitama Agri P8Z.SI | Singapore | $1.87B | -25% | +9% | 25% | 9.0× | -15.2% | +12.9% |
| Beijing Dbn Technology 002385.SZ | China | $1.86B | -23% | -1% | -6% | n/a | n/a | n/a |
| BioMar Group A/S BIOMAR.CO | Denmark | $1.83B | -37% | 0% | 6% | 13.0× | -2.0% | -0.5% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Uie UIE.CO | Denmark | $1.81B | +5% | +12% | 37% | n/a | -13.0% | +13.1% |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Yuan Longping High-Tech Agriculture 000998.SZ | China | $1.77B | -11% | -5% | 5% | 46.5× | n/a | n/a |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| Jiangsu Provincial Agricultural Reclamation & Dev 601952.SS | China | $1.72B | -16% | -5% | 4% | 20.1× | -2.2% | +3.2% |
| Tecon Biology 002100.SZ | China | $1.72B | +6% | -8% | -5% | n/a | n/a | n/a |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |