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AWL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.0

Stock Code AWL Market Cap 27,891 Cr. Current Price 214 ₹ High / Low 291 ₹
Stock P/E 31.4 Book Value 75.6 ₹ Dividend Yield 0.00 % ROCE 21.0 %
ROE 13.8 % Face Value 1.00 ₹ DMA 50 231 ₹ DMA 200 257 ₹
Chg in FII Hold 7.04 % Chg in DII Hold 0.46 % PAT Qtr 278 Cr. PAT Prev Qtr 229 Cr.
RSI 42.9 MACD -6.95 Volume 25,36,503 Avg Vol 1Wk 17,54,198
Low price 204 ₹ High price 291 ₹ PEG Ratio 2.15 Debt to equity 0.09
52w Index 12.0 % Qtr Profit Var -32.0 % EPS 6.70 ₹ Industry PE 22.2

📊 Core Financials

  • Revenue & Profitability: PAT rose from 229 Cr. to 278 Cr., but quarterly profit variance is –32%, showing inconsistency.
  • Margins: ROE at 13.8% is moderate, while ROCE at 21% indicates decent efficiency.
  • Debt: Debt-to-equity ratio of 0.09 shows very low leverage, a positive sign.
  • Cash Flow: Profitability supports cash generation, but volatility in earnings raises concerns.

💹 Valuation Indicators

  • P/E Ratio: 31.4 vs. industry average of 22.2 — slightly expensive.
  • P/B Ratio: Current price (₹214) vs. book value (₹75.6) → ~2.8x, moderately valued.
  • PEG Ratio: 2.15, suggesting growth is priced at a premium.
  • Intrinsic Value: Valuation is moderately stretched, requiring consistent earnings to justify.

🏢 Business Model & Competitive Advantage

  • Adani Wilmar (AWL) operates in FMCG, focusing on edible oils, food products, and packaged goods.
  • Competitive advantage lies in strong brand presence (Fortune), wide distribution, and diversified product portfolio.

📈 Technicals & Entry Zone

  • DMA 50 (₹231) and DMA 200 (₹257) are above current price, indicating weakness.
  • RSI at 42.9 suggests neutral-to-oversold momentum; MACD negative indicates bearish sentiment.
  • Entry Zone: Attractive near ₹200–210 for long-term investors.
  • Long-Term Holding: Suitable for patient investors; recovery depends on stabilizing earnings.


✅ Positive

  • Low debt-to-equity ratio (0.09).
  • Strong brand presence in FMCG with diversified product portfolio.
  • FII holdings increased (+7.04%), showing strong foreign investor confidence.

⚠️ Limitation

  • Quarterly profit decline (–32%) raises concerns.
  • Dividend yield is 0.00%, offering no immediate shareholder return.
  • P/E ratio (31.4) is above industry average (22.2).

📉 Company Negative News

  • Stock trading below DMA 50 and DMA 200, showing technical weakness.
  • MACD negative (–6.95), indicating bearish momentum.

📈 Company Positive News

  • Quarterly PAT improved to 278 Cr., reflecting operational strength despite volatility.
  • DII holdings increased (+0.46%), showing domestic institutional support.

🏭 Industry

  • FMCG sector benefits from rising consumer demand and packaged food penetration in India.
  • Industry average P/E (22.2) highlights AWL’s premium valuation.

🔎 Conclusion

  • Adani Wilmar is financially stable with low debt and strong brand presence but faces earnings volatility.
  • Valuations are moderately stretched compared to industry averages.
  • Recommendation: Accumulate near ₹200–210 for long-term holding. Suitable for investors seeking FMCG exposure, but monitor earnings consistency.

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