Adani Wilmar Ltd
About
Adani Wilmar is a joint venture between the Adani Group, a diversified multinational business group, and the Wilmar Group, an Asian agribusiness group. It primarily provides kitchen commodities under various brands globally. Adani Wilmar is present in the USA, the Middle East, Canada, Southeast Asian nations, and Africa. Its edible oil division, of which ‘Fortune Oil’ is the flagship brand, includes soybean, sunflower, rice bran, and mustard oil, among others. The company’s other major division, Food and FMCG, provides varieties of packaged staple foods like rice, besan, wheat flour, and pulses. Adani Wilmar offers industrial products like soap noodles, palmitic acid, and glycerin as well, thereby catering to the personal and home care, pharmaceuticals, and rubber industries. The company has 23 plants in India manufacturing the largest amount of castor oil, lauric fat, and oleochemicals in India.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 51531 -11.0% | 57910 3.3% | 56084 47.1% | 38140 30.2% | 29297 1.4% | 28884 8.1% | 26724 14.2% | 23403 27.7% | 18328 21.9% | 15036 -0.3% | 15079 4.8% | 14391 18.6% | 12137 88.8% | 6427 10.6% | 5811 - |
| Net Operating Income (INR Cr) | 51262 -11.90% | 58185 7.44% | 54155 46.01% | 37090 25.06% | 29657 2.98% | 28797 0.00% | 26354 14.72% | 22973 29.45% | 17746 19.93% | 14797 0.11% | 14780 3.65% | 14260 18.41% | 12043 0.00% | 6031 4.76% | 5757 70.42% |
| Profit (INR Cr) | 148 -74.6% | 582 -27.6% | 804 10.3% | 729 58.1% | 461 22.7% | 376 0.2% | 375 63.2% | 230 165.7% | 86 54.0% | 56 1220.7% | 4 -94.4% | 75 797.9% | 8 -46.5% | 16 -74.1% | 61 - |
| Assets (INR Cr) | 11536 3.2% | 11175 2.2% | 10930 61.9% | 6749 29.1% | 5227 22.8% | 4256 4.4% | 4076 0.5% | 4057 27.6% | 3179 24.7% | 2550 -9.4% | 2813 -17.3% | 3399 97.7% | 1719 81.5% | 947 26.0% | 752 - |
| Net Worth (INR Cr) | 8316 1.8% | 8166 7.4% | 7606 130.6% | 3299 28.3% | 2571 21.8% | 2111 0.0% | 1655 29.3% | 1280 22.2% | 1048 17.4% | 892 15.0% | 776 0.6% | 771 13.1% | 682 0.0% | 361 4.6% | 345 90.5% |
| Employee Cost (INR Cr) | 421 6.8% | 394 0.4% | 392 21.9% | 322 43.7% | 224 8.2% | 207 -19.0% | 255 43.1% | 178 18.3% | 151 22.4% | 123 38.8% | 89 6.5% | 83 31.7% | 63 49.5% | 42 36.1% | 31 - |
| Interest Cost (INR Cr) | 749 | 775 | 541 | 407 | 569 | 487 | 298 | 328 | 314 | 307 | 347 | 217 | 182 | 69 | 102 |
| Cash & Bank Balance (INR Cr) | 2810 | 3724 | 4494 | 1188 | 1432 | 1215 | 1060 | 894 | 642 | 555 | 1001 | 1615 | 734 | 130 | 180 |
| Total Debt (INR Cr) | 2628 | 2396 | 2701 | 3051 | 2300 | 1829 | 2244 | 2622 | 2007 | 1555 | 1948 | 2604 | 1023 | 514 | 335 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.3% | 1.0% | 1.4% | 1.9% | 1.6% | 1.3% | 1.4% | 1.0% | 0.5% | 0.4% | 0.0% | 0.5% | 0.1% | 0.2% | 1.0% |
| Profit As % Of Assets | 1.3% | 5.2% | 7.4% | 10.8% | 8.8% | 8.8% | 9.2% | 5.7% | 2.7% | 2.2% | 0.2% | 2.2% | 0.5% | 1.7% | 8.1% |
| Profit As % Of Networth | 1.8% | 7.1% | 10.6% | 22.1% | 17.9% | 17.8% | 22.7% | 17.9% | 8.3% | 6.3% | 0.6% | 9.8% | 1.2% | 4.4% | 17.6% |
| Interest Cost to EBITDA % | 69.3% | 80.8% | 31.2% | 30.7% | 43.5% | 43.0% | 32.4% | 50.3% | 74.6% | 78.2% | 152.0% | 77.0% | 129.6% | 469.5% | 105.3% |
| Debt to Equity Ratio | 0.32 | 0.29 | 0.36 | 0.92 | 0.89 | 0.87 | 1.36 | 2.05 | 1.92 | 1.74 | 2.51 | 3.38 | 1.50 | 1.42 | 0.97 |
| RONW | 2.2% | 7.0% | 14.2% | 22.2% | 17.2% | 16.8% | 25.5% | 19.7% | 10.0% | 8.0% | 0.6% | 10.4% | 1.2% | 4.5% | 23.0% |
| ROCE | 9.2% | 14.2% | 18.1% | 19.4% | 24.9% | 24.8% | 21.3% | 18.7% | 14.6% | 15.6% | 11.4% | 13.3% | 11.4% | 10.9% | 32.9% |