Adani Wilmar Limited (AWL) - Net Assets
Based on the latest financial reports, Adani Wilmar Limited (AWL) has net assets worth Rs104.44 Billion INR (≈ $1.13 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs247.59 Billion ≈ $2.68 Billion USD) and total liabilities (Rs143.15 Billion ≈ $1.55 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Adani Wilmar Limited PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs104.44 Billion |
| % of Total Assets | 42.18% |
| Annual Growth Rate | 25.66% |
| 5-Year Change | 37.3% |
| 10-Year Change | N/A |
| Growth Volatility | 41.65 |
Adani Wilmar Limited - Net Assets Trend (2019–2026)
This chart illustrates how Adani Wilmar Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Adani Wilmar Limited stock valuation.
Annual Net Assets for Adani Wilmar Limited (2019–2026)
The table below shows the annual net assets of Adani Wilmar Limited from 2019 to 2026. Also explore AWL net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs104.44 Billion ≈ $1.13 Billion |
+10.82% |
| 2025-03-31 | Rs94.24 Billion ≈ $1.02 Billion |
+13.32% |
| 2024-03-31 | Rs83.16 Billion ≈ $899.34 Million |
+1.84% |
| 2023-03-31 | Rs81.66 Billion ≈ $883.09 Million |
+7.35% |
| 2022-03-31 | Rs76.06 Billion ≈ $822.60 Million |
+130.63% |
| 2021-03-31 | Rs32.98 Billion ≈ $356.68 Million |
+28.30% |
| 2020-03-31 | Rs25.71 Billion ≈ $278.01 Million |
+21.78% |
| 2019-03-31 | Rs21.11 Billion ≈ $228.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Adani Wilmar Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 384.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs63.76 Billion | 61.07% |
| Common Stock | Rs1.29 Billion | 1.24% |
| Other Comprehensive Income | Rs1.41 Billion | 1.35% |
| Other Components | Rs37.95 Billion | 36.35% |
| Total Equity | Rs104.41 Billion | 100.00% |
Adani Wilmar Limited Competitors by Market Cap
The table below lists competitors of Adani Wilmar Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Conch Cement Company Limited
F:AQE
|
$2.60 Billion |
|
Wuhan Yangtze Communication Industry Group Co Ltd
SHG:600345
|
$2.60 Billion |
|
Talos Energy
NYSE:TALO
|
$2.60 Billion |
|
Shanghai Yuyuan Tourist Mart Co Ltd
SHG:600655
|
$2.60 Billion |
|
Shurgard Self Storage SA
BR:SHUR
|
$2.60 Billion |
|
Neogen Corporation
NASDAQ:NEOG
|
$2.60 Billion |
|
Clearway Energy Inc Class C
NYSE:CWEN
|
$2.60 Billion |
|
Infleqtion, Inc.
NYSE:INFQ
|
$2.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adani Wilmar Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 94,238,000,000 to 104,407,200,000, a change of 10,169,200,000 (10.8%).
- Net income of 10,420,500,000 contributed positively to equity growth.
- Share repurchases of 349,700,000 reduced equity.
- Other comprehensive income increased equity by 92,100,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs10.42 Billion | +9.98% |
| Share Repurchases | Rs349.70 Million | -0.33% |
| Other Comprehensive Income | Rs92.10 Million | +0.09% |
| Other Changes | Rs6.30 Million | +0.01% |
| Total Change | Rs- | 10.79% |
Book Value vs Market Value Analysis
This analysis compares Adani Wilmar Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.46x to 2.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | Rs16.24 | Rs186.18 | x |
| 2020-03-31 | Rs22.49 | Rs186.18 | x |
| 2021-03-31 | Rs28.86 | Rs186.18 | x |
| 2022-03-31 | Rs65.18 | Rs186.18 | x |
| 2023-03-31 | Rs62.83 | Rs186.18 | x |
| 2024-03-31 | Rs63.98 | Rs186.18 | x |
| 2025-03-31 | Rs72.62 | Rs186.18 | x |
| 2026-03-31 | Rs80.66 | Rs186.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adani Wilmar Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.39%
- • Asset Turnover: 3.02x
- • Equity Multiplier: 2.37x
- Recent ROE (9.98%) is below the historical average (12.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.79% | 1.30% | 2.48x | 5.50x | Rs1.64 Billion |
| 2020 | 17.93% | 1.55% | 2.52x | 4.58x | Rs2.04 Billion |
| 2021 | 22.09% | 1.96% | 2.78x | 4.04x | Rs3.99 Billion |
| 2022 | 10.57% | 1.48% | 2.54x | 2.80x | Rs430.93 Million |
| 2023 | 7.13% | 1.00% | 2.77x | 2.57x | Rs-2.34 Billion |
| 2024 | 1.78% | 0.29% | 2.59x | 2.38x | Rs-6.84 Billion |
| 2025 | 13.00% | 1.92% | 2.84x | 2.38x | Rs2.83 Billion |
| 2026 | 9.98% | 1.39% | 3.02x | 2.37x | Rs-20.22 Million |
Industry Comparison
This section compares Adani Wilmar Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $8,413,292,331
- Average return on equity (ROE) among peers: 20.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adani Wilmar Limited (AWL) | Rs104.44 Billion | 17.79% | 1.37x | $2.60 Billion |
| ADF Foods Limited (ADFFOODS) | $4.93 Billion | 14.06% | 0.28x | $318.48 Million |
| Ajooni Biotech Limited (AJOONI) | $3.52 Million | 2.18% | 0.41x | $6.11 Million |
| Agro Tech Foods Limited (ATFL) | $1.30 Billion | 16.04% | 0.65x | $365.36 Million |
| Avanti Feeds Limited (AVANTIFEED) | $919.95 Million | 14.73% | 0.74x | $1.13 Billion |
| Bombay Burmah Trading Corporation Limited (BBTC) | $37.61 Billion | 11.21% | 0.63x | $1.09 Billion |
| Mrs. Bectors Food Specialities Limited (BECTORFOOD) | $5.44 Billion | 16.55% | 0.53x | $728.07 Million |
| Bikaji Foods International Limited (BIKAJI) | $12.16 Billion | 21.85% | 0.26x | $1.60 Billion |
| Britannia Industries Limited (BRITANNIA) | $12.48 Billion | 55.20% | 1.24x | $12.84 Billion |
| CCL Products (India) Limited (CCL) | $875.83 Million | 35.11% | 0.85x | $1.50 Billion |
About Adani Wilmar Limited
AWL Agri Business Limited, a fast-moving consumer goods food company, provides kitchen commodities in India and internationally. It operates through Edible Oils, Food & FMCG, and Industry Essentials segments. The company offers soyabean, palm, sunflower, rice bran, mustard, groundnut, cottonseed, olive, and blended oil; specialty fats, noodles, snacks, bakery and dairy products, ready-to-eat meal… Read more