ADANI WILMAR

OVERVIEW:
Adani Wilmar Limited (AWL) is a joint venture incorporated in January 1999 between Adani Group- The
leaders in private infrastructure and Wilmar International Limited - Singapore, Asia's leading Agri
business group. The Adani group was created with a vision of ‘Nation Building’ by developing assets of
national economic significance. Wilmar International Limited - Singapore, Asia's leading Agri-business
group & its business activities include oil palm cultivation, oilseed crushing, edible oil refining, sugar
milling and refining, specialty fat,oleochemical, biodiesel and fertilizer manufacturing and grain
processing. It has over 450 manufacturing plants and an extensive distribution network covering China,
India, Indonesia and some 50 other countries.

SHAREHOLDING PATTERN:

Promoters 43.97%
Foreign Institutions 1.5%
NBanks Mutual Funds 0%
Central govt 0%
Others 1.1%
General Public 9.46%
Financial Instituions 0%
Foreign Promoters 43.9%

 Majority shareholding is of Promoters.

 Its now a family owned company.
MANAGEMENT OF THE COMPANY:
Adani Wilmar is professionally operated. Its management team is listed below:
Kuok Khoon Hong (CHAIRMAN)
Kuok Khoon Hong is the Non-Executive Chairman of our Company. He holds a bachelor’s degree in
business administration from the University of Singapore. He has over 40 years of experience in the
agribusiness industry. He is the co-founder of Wilmar International Limited and currently, he is the
Chairman and Chief Executive Officer of Wilmar International Limited. He was appointed to our
Board of Directors with effect from February 27, 1999.
Angshu Mallick (MD&CEO)
Angshu Mallick is the Chief Executive Officer and Managing Director of our Company. He holds a
bachelor’s degree in dairy technology from Dairy Science College, National Dairy Research Institute,
Karnal and a post graduate diploma in rural management from Institute of Rural Management, Anand.
He has over 35 years of experience in marketing and sales in the food industry. Previously, he was
working with Gujarat Co-operative Milk Marketing Federation Limited as Manager, Marketing and
Distribution and has been working with our Company since March 1999. He was appointed to our
Board of Directors with effect from April 1, 2021.
Pranav Adani (DIRECTOR)
Pranav Vinod Adani is the Non-Executive, Non-Independent Director of our Company. He holds a
bachelor’s degree of science in business administration from Boston University, United States. He has
been working with the Adani group since 1999 and currently heads the oil and gas, city gas
distribution and agri infrastructure businesses of Adani Group. He was appointed to our Board of our
Company with effect from April 1, 2008.
 ADANI WILMAR
Malay Mahadevia (DIRECTOR)
Malay Ramesh Mahadevia is a Non-Executive, Non-Independent Director of our Company. He holds
a bachelor’s and master’s degree in dental surgery from University of Bombay and Ph.D. in coastal
ecology from Gujarat University. He joined Adani group in 1992. Further, he is a member of various
organisations including Centre for Engineering & Technology (CEPT), Federation of Indian
Chambers of Commerce and Industry (FICCI), The Associated Chambers of Commerce and Industry
of India (ASSOCHAM), Confederation of Indian Industry (CII) and Gujarat Chamber of Commerce
& Industry (GCCI). He was appointed on our Board of Directors with effect from June 17, 2019.
Dorab Erach Mistry (INDEPENDENT DIRECTOR)
Dorab Erach Mistry is an Independent Director of our Company. He passed the bachelor’s degree in
commerce from the University of Bombay and the final examination held by the Institute of Chartered
Accountants of India. He has been working with the Godrej Group since 1976 and is currently a
director of Godrej International Trading & Investments Pte Ltd., Singapore. He was appointed to our
Board of Directors with effect from June 10, 2021.
Dipali Sheth (INDEPENDENT DIRECTOR)
Dipali H Sheth is an Independent Director of our Company. She holds a B.A. (Honours) degree in
economics from University of Delhi. Prior to joining our Company, she was associated with RBS
Business Services India Private Limited as a country head of human resources, Standard Chartered
Bank, Procter & Gamble Distribution Company Limited and DCM Limited. She was appointed as an
Independent Director of our Company with effect from June 10, 2021.
Madhu Rao (INDEPENDENT DIRECTOR)
Madhu Ramachandra Rao is an Independent Director of our Company. He holds a bachelor’s degree
in commerce from University of Bombay and has passed the final examination held by the Institute of
Chartered Accountants of India. Prior to joining our Company, he was the chief financial officer and
president of Shangri-La International Hotel Management Limited and was an executive director of
Shangri-La Asia Limited in Hong Kong. He was appointed to our Board of Directors with effect from
June 10, 2021.
Anup Pravin Shah (INDEPNDENT DIRECTOR)
Anup Pravin Shah is an Independent Director of our Company. He passed the bachelor’s degree in
commerce and holds a degree of doctor of philosophy (commerce) from the University of Mumbai.
He is a certified chartered accountant and has been associated with Pravin P Shah & Co., Chartered
Accountants as a partner since 2001. He was appointed to our Board of Directors with effect from
July 20, 2021.
SWOT Analysis:
Strengths:

 Overbought by money flow index.

 Company with low dept,
 Strong cash generating ability from its core businesses.
 Annual net profits improving for last 2 years.
 Company with zero pledged shares of promoters.
 Near 52 week high.
 ADANI WILMAR
Weakness:

 Inefficient use of capital to generate profits - RoCE declining in the last 2 years
 Decline in Net Profit with falling Profit Margin (QoQ)

Opportunity:

 Highest Recovery from 52 Week Low

 RSI indicating price strength

COMPETITORS:

 Nestle
 ADANI WILMAR
 Britannia
 Jubilant Food
 Devyani Int

Way forward for the company:

 There is a growth in ready-to-eat and ready-to eat-drink products, and daily essentials like
flour, atta,rice etc. and company has plans to expand in this area also.
 Increase in oil consumption works in Adani Wilmars favour which they aretapping in via
their Fortune Brand.
 Adani wilmar has one of the largest Distribution Network which is helping and will be helpful
in their success.
 Adani’s integrated businesses and manufacturing units are their best assets for their success.
CONCLUSION:
In my opinion Adani Wilmar is a good stock to invest in, and as a company also they have resources
and a great team which will lead them to become great brand and climb up the ladder and be the top.