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Shareholding Info
  • Promoters
    87.94 %
  • Foreign institutions-FII
    1.14 %
  • Other domestic institutions
    0.01 %
  • Retail and other
    10.85 %
  • Mutual Funds
    0.06 %

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About Adani Wilmar


Adani Wilmar is one of the few Indian FMCG food companies that offer a host of commodities for Indian consumers, including pulses, sugar, wheat flour, and edible oil. Adani Wilmar's products are provided under a diverse range of brands across a vast price spectrum and cater to different consumer groups.Adani Wilmar initially started a joint venture between the Adani Group, a multinational business group with significant interests in transport and logistics, and energy and utility sectors, and the Wilmar Group, one of Asia’s leading agribusiness groups. As a joint venture, the company benefits from both its parentages. It benefits from Adani Group's deep understanding of local markets, extensive experience in domestic trading, and advanced logistics network in India while leveraging the Wilmar Group's global sourcing and technical capabilities.Adani Wilmar is one of India's fastest-growing packaged food companies and the country's largest importer of edible crude oil. Its flagship brand, Fortune, is the largest selling edible oil in India.

Core Activities & Products


  • Food & FMCG: In 2013, Adani Wilmar ventured into food products with a strong focus on staple foods. It offers a variety of packaged staple foods, including wheat flour, rice, besan and pulses, sugar, soya chunks, poha, soap, and handwash among others. Many of the products it offers include numerous variants.
  • Edible Oil: Adani Wilmar offers a host of oils for various purposes ranging from small-scale to large-scale production.
  • Industry Essentials: The company offers a range of industry essentials such as:
    • Oleochemicals: include stearic acids, soap noodles, palmitic acid, oleic acid, and glycerin, which are the primary ingredients for home and personal care products, such as soaps, detergents, cosmetics, polymer, pharmaceuticals, and industrial rubber;
    • Castor oil and its derivatives , like steric acid and ricin oleic acid, for medical, pharmaceutical, cosmetic and aeronautical use.
    • De-oiled cakeswhich are by-products after oil extraction from soybeans, mustard seeds, and castor seeds and are used as livestock feed.


Board of Directors

  • Kuok Khoon Hong, Chairman.
  • Angshu Mallick, MD and CEO.
  • Pranav Adani, Director.
  • Malay Mahadevia, Director.
  • Dorab Erach Mistry, Independent Director.
  • Dipali Sheth, Independent Director.
  • Madhu Rao, Independent Director.
  • Anup Pravin Shah, Independent Director.


Key Executives

  • Angshu Mallick, MD and CEO.
  • Shrikant Kanhere, Chief Financial Officer.
  • Rajneesh Bansal, Head- Procurement & Supply Chain.
  • Biplab Pakrashi, Business Head- Oils & Fats.
  • Venkata Rao Damera, Chief Information Officer.
  • Saumin Sheth, Chief Operating Officer.
  • Siddhartha Ghosh, Chief Human Resource Office.
  • Ravindra Kumar Singh, Head- Technical & Operations.
  • Darshil Mayank Lakhia, Company Secretary.

Presence


As of 2022, Adani Wilmar has 22 plants across 10 states in the country. Additionally, to cater to the growing demand and to ensure its presence across various locations in proximity to end consumers, the company has established 28 tolling units across India.

Registered Office


Fortune House, Near Navrangpura Railway Crossing,
Ahmedabad, Gujarat - 380 009

Strengths:


The strengths of the company that have affected the Adani Wilmar share price are:
  • The company has very low debt.
  • The company is backed by a huge brand name as well as sound financial backing is present.
  • The company has a zero promoter pledge.
  • It has a leadership position when it comes to edible oil - Fortune - in the Indian market.
  • Recently they acquired Kohinoor Rice to populate the basmati rice segment.
  • The company has strong raw material sourcing capabilities.


CSR and Sustainability

Adani Wilmar Limited believes in cultivating a strong relationship with the communities by contributing to various social and environmental initiatives. Their CSR vision lies in integrated and sustainable development to improve the quality of life of all communities.Primary Education is one of their key initiatives where they have set up various schools and they extend to various government schools and Anganwadis. For Primary Health care, efforts are concentrated on Preventive and Primary Health Care such as setting up clinics, mobile healthcare units, Public-Private partnerships, and creating need-based projects. Developing Rural Infrastructure to improve civic amenities includes providing clean water access, water conservation, utility facilities, etc. For sustainable livelihood development, there are focused efforts on empowering women of the fisher folk community through vocational skills, optimised utilisation of resources for conservation, and improving the agriculture in the rural communities. Rural Sports Training has also been introduced to motivate the rural youth to engage in sports training and to develop or improve the existing sports infrastructure. During peak COVID, vast quantities of oil and food grains were distributed for free amongst the communities who needed it the most.At Adani Wilmar Limited, sustainability is deeply rooted in all their business operations. They believe in three key approaches to creating true value for society- Responsible Sourcing, Responsible Operations, and Responsible Business. Responsible Sourcing ensures that every step of the supply chain is extremely transparent which helps keep a regular check on sustainable practices being maintained while sourcing raw materials. Responsible Operations assure that all the measures and practices undertaken by the organisation contribute towards reducing the carbon footprint by managing the waste effectively. Employee Health and Safety are also safeguarded by taking part in high safety standards across all operations. Adani Wilmar also believes in Responsible Business and was the first to introduce sustainable packaging for oil pouches in the industry. Plastic Waste collection is regulated by signed agreements with various other agencies. As a part of their community outreach programme, they launched the Fortune SuPoshan Project to ensure the highest quality nutrition is available to all.

Criticism

In 2020, Adani Wilmar's involvement in the deforestation of parts of South Asia came under heavy criticism. Following that, in 2021, the Indian market regulator, SEBI, put on hold Adani Wilmar's ₹4500 crore IPO due to an investigation that was pending against the flagship entry of ports-to-energy conglomerate Adani Group.

COVID-19 Impact


Initially, the COVID-19 imposed lockdown impacted the demand pattern for Adani Wilmar. The company stated that it was working hard to keep all of its plants operational to ensure that there is no shortage of edible oil and food products for consumers in the market. Even though half of its plants were in areas marked as COVID-19 hotspots, the company managed to ensure an uninterrupted supply of edible oil and food products. To reduce its dependence on roadways, Adani Wilmar increased the transportation of its products through railways. The company used mini rakes with a capacity of 1,000 tonnes, instead of the full rakes of 3,000 tonnes capacity to transport limited production and dispatch capacity.

Future Prospects


The company has already started planning and investing into their future. Some of these major plans include:
  • While the company is already a market leader in edible oil, they are increasing their presence in the FMCG sector and introducing more products. Recently they acquired Kohinoor Rice.
  • Consumers are starting to prefer packaged food over loose grains more for their staples, and a 14% increase in demand for this category is expected.


Did You Know!

Adani Wilmar is one of the largest exporters of castor oil and its derivatives as well as one of the largest exporters of oleochemicals in India. The company also is one of India's largest exporters of crude edible oil. Its refinery in Mundra is one of the largest single-location refineries in India with a capacity of approximately 5,000 tonnes in a day. In 2017, it was one of the country's 50 most admired brands by White Page International. And in 2020, it was ranked one of the top 100 most trusted brands in India by The Economic Times Brand Equity for its edible oil brand, Fortune.

Initial Public Offering

Adani Wilmar's IPO shares were listed on stock exchanges in February, 2022. On the listing date, Adani Wilmar's shares closed at ₹265.20 against the IPO issue price of ₹230. The listing day gain was accounted for at ₹35.20. The IPO was subscribed 17.37 times. Since the day it was listed, Adani Wilmar's share prices have tripled and gained over ₹470. The Adani Wilmar IPO today is the best-performing IPO among the newly listed stocks in most Asian share markets.

Equity Shares

The company made its debut in 2022 and has since been a favourite for investors as the delivery of almost 180% return in yield. Adani Wilmar's annual revenue growth of 46.22% outperformed its 3-year CAGR of 23.17%. The company has spent less than 1% of its operating revenues on interest expenses and 0.72% on employee costs in the year ending 31 Mar 2022.The Adani Wilmar shareholders are advised by investors to hold the stock as the future of the company is very strong with aspirations to scale up further in procurement and logistics, brand recall of Fortune and an impressive distribution supply chain.Annual Financial Summary
BALANCE SHEET (in Rs. Cr.) MAR 22
12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 129.97
TOTAL SHARE CAPITAL 129.97
Reserves and Surplus 7,247.91
TOTAL RESERVES AND SURPLUS 7,247.91
TOTAL SHAREHOLDERS FUNDS 7,377.88
NON-CURRENT LIABILITIES
Long Term Borrowings 0.00
Deferred Tax Liabilities [Net] 248.21
Other Long Term Liabilities 534.05
Long Term Provisions 30.69
TOTAL NON-CURRENT LIABILITIES 812.95
CURRENT LIABILITIES 2,507.86
Short Term Borrowings 2,507.86
Trade Payables8,620.40
Other Current Liabilities928.58
Short Term Provisions3.64
TOTAL CURRENT LIABILITIES12,060.48
TOTAL CAPITAL AND LIABILITIES20,251.31


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