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Adani Wilmar Ltd
NSE:AWL

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Adani Wilmar Ltd
NSE:AWL
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Price: 196.37 INR -1.9% Market Closed
Market Cap: ₹254.1B

EV/IC

2.1
Current
53%
Cheaper
vs 3-y average of 4.4

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.1
=
Enterprise Value
₹213.6B
/
Invested Capital
₹115.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.1
=
Enterprise Value
₹213.6B
/
Invested Capital
₹115.1B

Valuation Scenarios

Adani Wilmar Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (4.4), the stock would be worth ₹413.45 (111% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+123%
Average Upside
63%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.1 ₹196.37
0%
3-Year Average 4.4 ₹413.45
+111%
5-Year Average 4.6 ₹437.07
+123%
Industry Average 2.3 ₹213.98
+9%
Country Average 2.3 ₹215.36
+10%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
IN
Adani Wilmar Ltd
NSE:AWL
254.4B INR 2.1 27.1
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 1.6 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 2.7 12.5
US
Hershey Co
NYSE:HSY
37B USD 3.5 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY 2 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 3.9 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 13 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 3 31.9

Market Distribution

In line with most companies in India
Percentile
46th
Based on 2 828 companies
46th percentile
2.1
Low
0 — 1.3
Typical Range
1.3 — 4.2
High
4.2 —
Distribution Statistics
India
Min 0
30th Percentile 1.3
Median 2.3
70th Percentile 4.2
Max 4 185.7

Adani Wilmar Ltd
Glance View

Adani Wilmar Ltd. stands as a significant player in India's food industry, tracing its origins to a strategic joint venture between the Indian conglomerate Adani Group and the Singaporean multinational Wilmar International. This partnership blends Adani's logistical prowess and infrastructure with Wilmar's extensive experience in agribusiness, creating a formidable force in the edible oil sector. The company has grown its roots deep into the Indian market, becoming synonymous with household brands like Fortune — a name that resonates with the day-to-day culinary endeavors of countless Indian families. Adani Wilmar's operational strategy hinges on its integrated business model, which spans the entire value chain: from sourcing raw materials through its vast network of farmers to meticulous processing, packaging, and distribution. This vertical integration helps the company maintain competitive pricing and control over quality, making Fortune a staple in many Indian kitchens. Apart from dominating the edible oil industry, Adani Wilmar has diversified its product portfolio to include essential items such as rice, flour, and ready-to-eat snacks, responding to the growing demand for diverse food products in urban and rural markets. The company capitalizes on its extensive distribution network, optimizing logistical efficiencies to reach different consumer segments across India. By leveraging Adani's domestic infrastructure and Wilmar's expansive agribusiness expertise, they achieve scale and reach that are difficult for competitors to match. This strategic positioning allows Adani Wilmar to thrive in a highly competitive industry while continuously expanding its footprint beyond edible oils, nudging its way deeper into the broader food market. Through sustained innovation and a keen eye on quality control, the company not only meets the nutritional needs of its consumers but also remains a robust, agile competitor in the ever-evolving landscape of India's consumer goods sector.

AWL Intrinsic Value
287.61 INR
Undervaluation 32%
Intrinsic Value
Price ₹196.37
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