ADANI WILMAR
The largest FMCG company in India is Adani Willmar Limited. Vanaspati cooking oil and specialty fats are offered for sale by the company. Groundnut oil, sesame oil, sunflower oil, cottonseed oil, mustard oil, soybean oil, coconut oil, and vegetable ghee are a large variety of products this business supplies. It serves both domestic and institutional clients. The company uses distributors, super wholesalers, brokers, and other business associates to make its products available to customers. Ghana, Ukraine, the Middle East, and Southeast Asia are among the countries to which it exports goods to. In 1999, the company was founded, and now it has its headquarters in Ahmedabad. It is a partnership between Adani Enterprises Limited and Wilmar International Limited.
The company issued 4,936,180 shares in 2015 at a premium of Rs. 115 per share and each share having a rights base value of Rs. 10. The Company changed the par value of each share from Rs.10 to Rs.1 per share by resolution of the shareholders on May 5, 2021. In January 2022, the company made a one-time public offering of shares worth Rs. 3600 crores. The premium of Rs 229 per share was added to the IPO share price, bringing it to Rs 230. On the National Stock Exchange of India, the authorized shares of BSE Ltd. were listed in February 2022. The company planned to use the IPO proceeds to cover debt repayment of Rs. 1059 crore, Rs. 450 crore in acquisition and investment funding, and Rs. 1900 crore in capital expenditures.
Parent Organization: Adani Wilmar
Founded: 1999
Managing Director: Mr. Angshu Mallick
NSE Symbol: AWL
ADANI WILMAR SHARE PRICE TODAY
KR Choksey recently ranked Adani Wilmar Limited (AWL) as ‘accumulated’ with a target price of Rs 751 per share. The stock is expected to rise 10% from its current price when the stated target price is considered. The joint venture of Adani and Wilmar Group is known as Adani WilmarIt is a large FMCG company with a market capitalization of Rs 88,898.02. The business is counted as one of the largest FMCG companies in India. The business offers vanaspati as a specialty fat and cooking oil. On February 8, 2022, the company will go public after recently launching its IPO.
Below you will find the organization’s current share price, income statement, and balance sheet.
Adani Wilmar Ltd
₹686.50 −7.85 (1.14%) today
ADANI WILMAR IPO PRICE
Among newly listed stocks on Asian stock exchanges, the Adani Wilmar Initial Public Offering (IPO) performed the best. According to a Bloomberg report, Adani Wilmar’s shares have nearly tripled since the IPO.
According to a Bloomberg article, Adani Wilmer’s shares have surpassed as many as 121 initial public offerings (IPOs) launched on Asian exchanges this year. Adani Wilmar is a partnership between Singapore’s Wilmar International Ltd. and the Adani Group, owned by Asia’s richest person, Gautam Adani.
In January 2022, shares of the Adani Wilmar IPO went public on stock exchanges.
An Adani Wilmar share now costs three times as much as it did when it first went public, or about Rs 470. The BSE share price was Rs 703 on May 27.
The Adani Wilmar IPO’s subscription period started on January 27. The submission deadline was January 31.
The IPO was subscribed to 17.37 times. 3.92 subscriptions came from retailers, 0.51 from the employee group, 5.73 from qualified institutional buyers (QIB), 56.30 from non-institutional investors (NII), 3.92 from retailers, and 33.33 from all other categories.
LIMITED SHARE PRICE OF ADANI WILMAR
NSE: AWL BSE: 543458
₹660.90 0.00 (0.00%) ₹680.65 8.00 (1.16%)
Adani Wilmar Ltd. (AWL) reported revenue growth of 4.3% YoY/-3.9% QoQ in Q2 FY23 to INR 1,41,500 million. Volumes increased by 9% YoY, with the fastest growth in food, FMCG, and business necessities. Food and FMCG saw an increase of 41% YoY, industrial essentials volumes increased by 21% YoY, and edible oil decreased by 1% YoY. The volume of edible oil remained constant because there was little demand in semi-urban and rural markets. In H1FY23, the company saw a 12% increase in volume and a 17% increase in revenue, primarily due to solid food and FMCG demand. AWL’s plan to grow the food and FMCG sectors by increasing their penetration through the Edible Oil Company’s distribution power shows results. Despite numerous challenges, the company increased its market share for edible oil by 30 bps to 18.5%. Fortune Atta’s market share increased further, going from 3.9% to 4.9% year over year. Grocery and FMCG volume share increased to 16% during the fourth quarter, and the company expects it to rise to 30% over the next few years.
ADANI WILMAR STOCK
The organization was co-founded in January 1999 by the Adani Group and the Wilmar Group. It became one of the largest companies listed on the Singapore Stock Exchange as of February 2021. That was the reason these were his two leading farming groups in India. The Adani Group is a global corporate conglomerate with vital interests in the transportation, logistics, energy, and utility sectors. It benefits from Adani Group’s deep knowledge of the local market, long history of domestic trade, and highly developed logistics network in India. We also utilize the technical proficiency and global sourcing capabilities of the Wilmar Group. In a regulatory filing, the company gave a preliminary account of the standalone performance for the September quarter.
Shares of Adani Wilmar fell 0.8% today, closing at Rs 684 per share, the going market price on the NSE. It increased today from its previous closing price of Rs. 684.55 per share to Rs. 687.90 per share. The Fortune oil producer’s EBITDA fell 41% to Rs 254.5 crore, but the company saw a 9% increase in volume and a 5% increase in sales during the quarter due to robust growth in its food and FMCG sectors. The company’s management is still upbeat about the near future. According to NSE, the stock’s 52-week high was Rs 878 on April 28, 2022, and its 52-week low was Rs 227 on February 8, 2022.
The stock rose 1.73% last week but fell 8.92% last month. The stock has returned 1.41% over the last three months. In the previous six months, the stock’s return was 5.85%. Since its debut, it has given investors multi-bagger returns totaling 154.99%.
