Today › Edible oil & packaged foods maker › AWL Agri Business

Edible oil & packaged foods maker Historical case study · data as of 21 Jul 2026 · published 24 Oct 2026 (95 days later)

AWL Agri Business — 100-point case study

How AWL Agri Business looked on 50 technical and 50 fundamental measures on 21 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: AWL · BSE: 543458
Close on 21 Jul 2026	₹193.93
Market cap then	₹25,190 crore
Valuation	P/E 24.1× · P/B 2.41×
Momentum	RSI (14) 59 · 1-year return -30.4%
Next 3 months	-10.7% vs Nifty 50 -6.6% (to 23 Oct 2026)

Scorecard

Technical — 50 points

16 bullish · 22 neutral · 1 caution · 10 bearish — the picture leaned positive.

Fundamental — 50 points

11 bullish · 33 neutral · 1 caution · 4 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 21 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.25%/day	Bullish	Over the last 20 sessions the regression line of closing prices was rising about 0.25% a day — a short-term uptrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +5.0%	Neutral	The 100-session trend line was up (+0.04%/day) and the stock was +5.0% over three months, so the medium-term picture was neutral. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -30.4%	Bearish	Compared with a year earlier the price was -30.4%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 189.72 / 30W 195.72	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 198.95→194.70; lows 184.56→179.50	Bearish	The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	12.5	Neutral	ADX at 12.5 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 27.0 / –DI 17.2	Bullish	+DI was above –DI: upward price pressure outweighed downward pressure. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	186.86 (+3.8%)	Bullish	Close of 193.93 was 3.8% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	190.68 (+1.7%)	Bullish	Close of 193.93 was 1.7% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	216.88 (-10.6%)	Bearish	Close of 193.93 was 10.6% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 189.60 / 21E 188.67	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 15 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 12.1% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	-1.7% in 20 sessions	Bearish	The 50-day average fell 1.7% over the past month — declining. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	187 / 191 / 189 / 217	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	188.57 (+2.8%)	Bullish	Anchored to the start of July, the volume-weighted average price was 188.57; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	58.8	Bullish	RSI at 58.8 showed positive momentum without being overbought. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	bullish divergence	Bullish	Comparing the last 20 sessions with the 20 before: bullish divergence: price made a lower low but RSI made a higher low — selling momentum was fading. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 0.36 / signal -0.52	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	0.74 → 0.88	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	0.36	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 66.1 / %D 64.4	Bullish	Slow stochastic at 66.1 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-25.1	Neutral	%R of -25.1 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	161	Bullish	CCI at 161 signalled an unusually strong upward deviation (>+100). Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	+4.6%	Bullish	Price changed +4.6% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.99 (bands 179.58–194.13)	Neutral	%B of 0.99 — inside the bands, upper half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 7.8% (11th pct of 6M)	Caution	Band width was at the 11th percentile of the last six months. A squeeze like this often precedes a larger move (direction unknown). How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹5.60 (2.9% of price)	Neutral	A typical day's range was about ₹5.60, or 2.9% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	28.7% vs 1Y 28.5%	Neutral	Annualised 30-day volatility was 28.7%, close to the one-year level of 28.5%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	177.54–199.81	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	0.80	Neutral	A beta of 0.80 means the stock tended to move less than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 1.93× / 5-day 0.71×	Neutral	The final session traded 1.93× its 20-day average volume and the last five sessions averaged 0.71× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.97	Neutral	Average volume on up days was 0.97× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price rose — volume diverged from price. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.10	Bearish	CMF at -0.10 indicated net outflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	73.6	Bullish	MFI, a volume-weighted RSI, was 73.6. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹82 cr/day	Neutral	About ₹82 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	184.56 / 179.88 / 173.12	Neutral	Nearest support (prior swing lows) sat at 184.56, 5.1% below the close, then 179.88, 173.12. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	196.20 / 211.03 / 216.01	Neutral	Nearest resistance (prior swing highs) sat at 196.20, 1.2% above the close, then 211.03, 216.01. How to read: Information only.
40	Monthly pivot points (for next month)	P 190.84 \| R1 201.69 \| S1 183.09	Neutral	Classic pivots from July's high/low/close gave a pivot of 190.84; the close was above it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 184 \| 38.2% 192 \| 50.0% 198 \| 61.8% 205	Neutral	Measuring the 6-month fall from 225.50 to 171.19, the close was nearest the 38.2% retracement at 191.94. How to read: Information only.
42	52-week high / low	H 286.00 / L 171.19	Neutral	The close was 32.2% below the 52-week high and 13.3% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	none	Neutral	No unfilled price gaps in the last six months. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	broad sideways range	Neutral	Rule-based pattern scan: broad sideways range. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 179.50–194.70	Neutral	The close was inside the prior 20-day range of 179.50–194.70. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary green candle	Neutral	On 21 Jul the candle opened 189.05, ranged 189.01–198.60 and closed 193.93: Ordinary green candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 194.47–195.50; Tenkan 189.82 / Kijun 189.22	Bearish	Price was below the cloud and the Tenkan line was above the Kijun line — a bearish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +4.5% / 3M +5.8%	Bullish	The stock outperformed the Nifty 50 by 5.8 points over three months and outperformed by 4.5 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M -5.6%	Bearish	No sector index in today's data set, so we show the 6-month comparison instead: 5.6 points behind the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	16 bullish · 10 bearish · 22 neutral · 1 caution	Bullish	Across the 49 readings the technical picture leaned positive. Levels that mattered: support 184.56, resistance 196.20. This is a description of the chart on 21 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 21 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 21 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	24.1×	Neutral	At ₹193.93 the market valued the company at about ₹25,190 crore, or 24.1× the ₹1,045 crore profit of the four quarters to Mar 2026. That is a moderate multiple. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	2.41×	Neutral	Market cap was 2.41× the Mar 2026 book value (equity + reserves) of ₹10,440 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	0.34×	Neutral	The company was valued at 0.34× its trailing-12-month sales of ₹74,732 crore. How to read: Information only.
4	EV / EBITDA (approx.)	12.3×	Neutral	Enterprise value (market cap + ₹1,109 cr borrowings; cash not netted) was 12.3× trailing operating profit of ₹2,131 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	4.1%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹4.1 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	1.12	Neutral	P/E of 24.1 divided by 3-year profit growth of 21.5% a year gives a PEG of 1.12. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.52%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹1 a share, a 0.52% yield on the ₹193.93 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹25,190 cr	Neutral	At about ₹0.25 lakh crore the company was a small-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹120.62 vs ₹193.93	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹120.62; the price was 61% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+17.4%	Bullish	Revenue for FY26 was ₹74,731 crore, +17.4% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+17.7%	Bullish	The Jan–Mar 2026 quarter brought ₹21,465 crore of revenue, +17.7% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	-14.8%	Bearish	FY26 net profit was ₹1,045 crore, -14.8% on FY25's ₹1,226 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+53.4%	Bullish	Quarterly profit was ₹293 crore versus ₹191 crore a year earlier (+53.4%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	8.7%	Neutral	Revenue compounded at 8.7% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	21.5%	Bullish	Net profit compounded at 21.5% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	15.0%	Bullish	Over five years (FY21–FY26) revenue compounded at 15.0% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	-14.7%	Bearish	Reported EPS went from ₹9.43 to ₹8.04 (-14.7%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	3%	Neutral	Operating profit (EBITDA) was 3% of sales in FY26 versus 4% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	2% → 4% → 3% → 2%	Neutral	Quarterly margins moved from 2% to 2% over the last four quarters — broadly stable. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	1.4%	Neutral	₹1.4 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	10.5%	Neutral	FY26 profit was 10.5% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	18%	Neutral	Return on capital employed (debt + equity) was 18% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	4.22%	Neutral	Net profit was 4.22% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	28%	Neutral	The company paid about 28% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	29%	Caution	Non-operating 'other income' of ₹392 crore made up 29% of pre-tax profit — a large share, so core earnings were lower than headline profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.11	Bullish	Borrowings of ₹1,109 crore were 0.11× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.52×	Bullish	Debt equalled 0.52 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	2.9×	Bearish	Earnings before interest and tax covered interest cost 2.9 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+10.8%	Bullish	Shareholders' equity grew +10.8% from ₹9,424 crore to ₹10,440 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹443 cr (6% of fixed assets)	Neutral	Projects under construction (CWIP) were 6% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	4 days	Neutral	Working capital tied up equalled 4 days of sales (FY25: 9). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	1 days	Neutral	It took 1 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	13 (FY25 14)	Neutral	Customers took 13 days on average to pay, versus 14 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹3,928 cr	Bullish	The business generated ₹3,928 crore of operating cash in FY26 versus ₹2,150 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	3.76×	Bullish	Operating cash flow was 3.76× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	12%	Neutral	The company paid out about 12% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 0% / 12%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	-0.8%	Neutral	Paid-up equity capital changed -0.8% (₹130 cr → ₹129 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	56.94% (-17.42 pts YoY)	Bearish	Promoters owned 56.94% at Jun 2026 versus 74.36% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	21.10% (+16.49 pts YoY)	Bullish	FIIs held 21.10% at Jun 2026, up from 4.61% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	8.46% (-0.16 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 8.46%, down from 8.62%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	9.3 lakh (-10.0% YoY)	Neutral	The shareholder count moved from 10.3 lakh to 9.3 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	6/8	Neutral	Passed: positive profit, positive operating cash flow, CFO > net profit, leverage fell, asset turnover improved, no meaningful dilution (<3%). Failed: operating margin improved, ROA improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	1 strength(s) · 3 weakness(es)	Neutral	Strengths: Company has reduced debt. Weaknesses: Company has a low return on equity of 9.05% over last 3 years; Company's cost of borrowing seems high; Promoter holding has decreased over last 3 years: -31.0%. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	11 bullish · 4 bearish · 33 neutral · 1 caution	Bullish	On the numbers published by 21 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 24.1×, P/B 2.41×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 21 Apr 2026 – 21 Jul 2026 that an investor could have known on the snapshot date.

28 Apr 2026 AWL Agri Business Q4 FY26 PAT jumps 54% YoY to Rs 292 crore; Rs 1 final dividend recommended — Q4 FY26 revenue rose 18% YoY to Rs 21,465 crore on 14% volume growth, with net profit of Rs 292 crore. The board recommended a final dividend of Rs 1 per share with record date 19 June 2026. source
21 May 2026 AWL Agri Business sets Vision 2030 targets of Rs 1 lakh crore revenue at Investors Day — At its Investors Day 2026 the company outlined 2030 targets of about Rs 1 lakh crore revenue, around Rs 4,000 crore EBITDA and ROCE above 20%, with food above 25% of revenue. source
13 Jun 2026 AWL Agri Business publishes FY26 integrated annual report and 28th AGM notice — The annual report showed FY26 revenue up 17% to Rs 74,731 crore and PAT of Rs 1,045 crore, and noted the first dividend since listing. Wilmar's Lence Pte. Ltd. holds a 56.94% stake after the Adani group's exit. source
03 Jul 2026 AWL Agri Business Q1 FY27 business update: food & FMCG revenue up 20% — The quarterly update reported mid-single-digit volume growth, food & FMCG revenue up about 20% YoY and edible oil revenue up 13% on flat volumes. Branded exports rose 87%. source
07 Jul 2026 AWL Agri Business shareholders approve Rs 1 dividend at 28th AGM — Proceedings of the 28th AGM filed on 7 July 2026 showed shareholders approved the FY26 accounts and a final dividend of Rs 1 per share, along with related-party transactions with Wilmar Trading. source

What happened next (21 Jul 2026 → 23 Oct 2026)

Price went from ₹193.93 to ₹173.10 by 23 Oct 2026 (-10.7%) while the Nifty 50 moved -6.6% — underperforming by 4.2 points.
Highest ₹204.82 on 25 Aug 2026; lowest ₹172.21 on 23 Oct 2026.
S1 184.56: broken on a closing basis on 15 Sep 2026.
S2 179.88: broken on a closing basis on 29 Sep 2026.
R1 196.20: cleared on a closing basis on 06 Aug 2026.
R2 211.03: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 30 Jul 2026): revenue ₹20,048 crore (+17.5% YoY), net profit ₹351 crore (+47.5% YoY), operating margin 4% vs 2% a year earlier (Screener consolidated figures).

Later news

30 Jul 2026 AWL Agri Business Q1 FY27 PAT up 48% to Rs 351 crore — Q1 FY27 consolidated revenue rose 18% YoY to Rs 20,048 crore and operating EBITDA rose 34% to Rs 693 crore; PAT was Rs 351 crore. Food & FMCG revenue grew 22% to Rs 1,726 crore. source
04 Aug 2026 AWL Agri targets 8-9% FY27 volume growth; Pankaj Goyal named CFO — After the Q1 call, management targeted 8-9% consolidated volume growth for FY27 and flagged West Asia tensions, freight costs and monsoon risks. Pankaj Goyal was appointed permanent CFO effective 31 July 2026. source
05 Oct 2026 AWL Agri Business Q2 FY27 update: revenue up 24%, food & FMCG crosses Rs 2,000 crore — The Q2 FY27 business update reported revenue up 24% YoY and volumes up 12%, with food & FMCG revenue up 33% to over Rs 2,000 crore in a quarter for the first time. source

Educational summary. On 21 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved -10.7% against -6.6% for the Nifty 50. Here the chart's message did not line up neatly with what followed — a reminder that indicators describe the past, not the future. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold AWL Agri Business today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 24 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

More case studies today

₹2,732.10close 21 Jul

Solar module makerNSE: WAAREEENERData as of 21 Jul 2026

Waaree Energies — 100-point case study

Technical

Fundamental

What happened next (3 months): -13.8% vs Nifty 50 -6.6%

Technical: negativeFundamental: positiveP/E 20.2×P/B 5.44×RSI 311Y -11.5%

₹23.14close 21 Jul

Private-sector bankNSE: YESBANKData as of 21 Jul 2026

Yes Bank — 100-point case study

Technical

Fundamental

What happened next (3 months): -31.7% vs Nifty 50 -6.6%

Technical: negativeFundamental: positiveP/E 20.7×P/B 1.42×RSI 431Y +14.8%

₹1,387.80close 21 Jul

Cement makerNSE: ACCData as of 21 Jul 2026

ACC — 100-point case study

Technical

Fundamental

What happened next (3 months): -16.5% vs Nifty 50 -6.6%

Technical: positiveFundamental: was mixedP/E 12.2×P/B 1.27×RSI 561Y -29.9%