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In this blog you are going to get info on Full share market analysis of Edible Oil companies of India, so read it full.
Biggest Listed Edible Oil & Agro-Processing Companies in India (April 2025)
| Company Name | Stock Price (₹) | Market Cap (₹ Cr) | Net Profit (₹ Cr) | Index Inclusion |
|---|---|---|---|---|
| Adani Wilmar Ltd | 260.84 | 33,901 | 411 (Q3 FY25) | Nifty FMCG |
| Patanjali Foods Ltd | 1,150 | 40,000 (est.) | 371 (Q3 FY25) | Nifty FMCG |
| Marico Ltd | 550 | 71,000 (est.) | 1,500 (FY24 est.) | Nifty 50 |
| Godrej Agrovet Ltd | 721.05 | 13,437.15 | 109.85 (FY24) | Nifty FMCG |
| Agro Tech Foods Ltd | 811.05 | 3,060 | 60 (FY24 est.) | BSE FMCG |
| Gokul Refoils & Solvent Ltd | 48.13 | 481 | 33.5 (FY24 est.) | |
| Gokul Agro Resources Ltd | 267.35 | 3,945 | 104.9 (FY24) | |
| KS Oils Ltd | 2.00 (est.) | 100 (est.) | ||
| BCL Industries Ltd | 37.63 | 1,000 (est.) | 40 (FY24 est.) | |
| AVT Natural Products Ltd | 54.58 | 500 (est.) | 20 (FY24 est.) | |
| ITC Ltd | 450.00 | 5,00,000 (est.) | 5,638 (Q3 FY25) | Nifty 50 |
| Gujarat Ambuja Exports Ltd | 103.81 | 4,827.05 | 345 (FY24) | |
| Jayant Agro Organics Ltd | 252.61 | 723 | 90.4 (FY24 est.) | |
| Savita Oil Technologies Ltd | 470.00 | 3,243 | 175 (FY24 est.) |
Extra Reference :
Fundamental & Financial Analysis of Edible Oil & Agro Processing Companies of India :
| Company Name | Debt/Equity | PE Ratio | PB Ratio | ROE (%) | ROA (%) | Dividend Yield (%) | EPS (₹) |
|---|---|---|---|---|---|---|---|
| Adani Wilmar Ltd | 0.32 | 19.56 | 4.31 | 14.8 | 8.7 | 1.15 | 13.5 |
| Patanjali Foods Ltd | 0.38 | 22.50 | 5.50 | 20.3 | 9.0 | 1.38 | 52.5 |
| Marico Ltd | 0.04 | 33.60 | 10.55 | 27.5 | 16.2 | 2.10 | 20.0 |
| Godrej Agrovet Ltd | 0.11 | 22.20 | 2.80 | 16.5 | 8.4 | 1.80 | 6.7 |
| Agro Tech Foods Ltd | 0.08 | 30.50 | 9.20 | 23.1 | 12.4 | 1.10 | 25.8 |
| Gokul Refoils & Solvent Ltd | 0.11 | 10.25 | 1.35 | 5.7 | 4.3 | 0.80 | 2.3 |
| Gokul Agro Resources Ltd | 0.14 | 12.15 | 2.10 | 7.9 | 4.9 | 1.00 | 13.4 |
| KS Oils Ltd | 0.50 | 5.75 | 0.75 | 4.3 | 2.1 | 0.50 | 0.3 |
| BCL Industries Ltd | 0.29 | 6.50 | 1.10 | 6.0 | 3.2 | 1.20 | 1.2 |
| AVT Natural Products Ltd | 0.23 | 15.20 | 3.75 | 12.5 | 7.0 | 1.10 | 4.5 |
| ITC Ltd | 0.08 | 22.10 | 7.00 | 28.9 | 18.0 | 4.60 | 11.6 |
| Gujarat Ambuja Exports Ltd | 0.28 | 16.50 | 3.20 | 14.0 | 6.5 | 2.50 | 12.8 |
| Jayant Agro Organics Ltd | 0.23 | 10.80 | 2.60 | 11.4 | 6.8 | 1.50 | 7.9 |
| Savita Oil Technologies Ltd | 0.12 | 18.60 | 5.10 | 17.2 | 11.5 | 1.80 | 35.4 |
Key Takeaways:
- Low Debt/Equity Ratios:
- Most companies, such as Adani Wilmar Ltd, Patanjali Foods Ltd, Marico Ltd, and ITC Ltd, have low Debt/Equity ratios (under 0.5). This indicates financial stability with low reliance on debt, which is a positive sign for investors.
- KS Oils Ltd has a relatively higher Debt/Equity ratio (0.50), which could suggest more leverage or higher financial risk.
- High PE Ratios:
- Marico Ltd stands out with a high PE ratio of 33.60, which reflects investor confidence and high growth expectations. However, high PE ratios can also imply that the stock might be overvalued.
- KS Oils Ltd, with a low PE ratio of 5.75, could suggest it’s undervalued, or that it faces slower growth expectations.
- Strong ROE (Return on Equity):
- ITC Ltd and Marico Ltd have strong ROE (28.9% and 27.5% respectively), indicating that these companies are highly efficient in generating profit from shareholders’ equity.
- Gokul Refoils & Solvent Ltd and KS Oils Ltd have relatively low ROE, which may suggest less efficient profit generation relative to equity.
- ROA (Return on Assets) Indicates Asset Efficiency:
- ITC Ltd and Marico Ltd lead in ROA, with values of 18% and 16.2%, suggesting they are efficient at utilizing assets to generate profits.
- Gokul Agro Resources Ltd and KS Oils Ltd show lower ROA, which could indicate that they are less efficient in utilizing their assets compared to their peers.
- Dividend Yield:
- ITC Ltd stands out with a high dividend yield of 4.60%, making it an attractive option for dividend-seeking investors.
- Gokul Refoils & Solvent Ltd and BCL Industries Ltd have modest dividend yields, while Patanjali Foods Ltd and Marico Ltd are offering reasonable dividends, reflecting a balanced approach between growth and returns to shareholders.
- EPS (Earnings Per Share):
- Patanjali Foods Ltd stands out with an EPS of ₹52.5, showing strong earnings per share.
- KS Oils Ltd has a low EPS of ₹0.3, which could be due to lower profitability or a highly competitive market.
Summary of Key Financial Metrics of Edible Oil & Agro Processing Companies of India :
- ITC Ltd and Marico Ltd are the most efficient and profitable companies based on their ROE and ROA.
- KS Oils Ltd and Gokul Refoils & Solvent Ltd have lower financial ratios, suggesting they may be less efficientbut could present opportunities for value-seeking investors.
- Companies like Patanjali Foods Ltd and Adani Wilmar Ltd are showing good profitability with strong EPS and low debt, which can appeal to growth investors.
- Dividend yield is an attractive feature for ITC Ltd, making it a good option for income-seeking investors.
Piotroski Score Analysis for Edible Oil & Agro Processing Companies of India :
| Company | Piotroski Score (Est.) | Financial Strength |
|---|---|---|
| ITC Ltd | 8-9 | Very Strong |
| Marico Ltd | 8 | Very Strong |
| Patanjali Foods Ltd | 6-7 | Good |
| Agro Tech Foods Ltd | 7 | Good |
| Adani Wilmar Ltd | 6 | Moderate |
| Godrej Agrovet Ltd | 6 | Moderate |
| Savita Oil Tech Ltd | 6-7 | Good |
| Gujarat Ambuja Exports | 5-6 | Moderate |
| Jayant Agro Organics | 5 | Moderate |
| Gokul Agro Resources | 4 | Weak |
| BCL Industries Ltd | 3-4 | Weak |
| Gokul Refoils & Solvent | 3 | Weak |
| KS Oils Ltd | 2 | Very Weak |
Key Takeaways:
✅ Strongest Picks (Score 7+): ITC, Marico, Agro Tech Foods, Patanjali Foods
⚠ Moderate (Score 5-6): Adani Wilmar, Godrej Agrovet, Savita Oil, Gujarat Ambuja
❌ Weak (Score ≤4): Gokul Agro, BCL Industries, Gokul Refoils, KS Oils
Credit Ratings for Indian Edible Oil Companies
| Company | Debt/Equity | ROE (%) | Rating | Justification |
|---|---|---|---|---|
| ITC Ltd | 0.08 | 28.9 | AAA | Near-zero debt, high ROE, strong cash flows. |
| Marico Ltd | 0.04 | 27.5 | AAA | Minimal debt, industry leader, high profitability. |
| Patanjali Foods Ltd | 0.38 | 20.3 | AA | High ROE but elevated debt (sector-adjusted). |
| Agro Tech Foods Ltd | 0.08 | 23.1 | AA | Low debt, consistent dividends, stable margins. |
| Adani Wilmar Ltd | 0.32 | 14.8 | A | Moderate debt, decent ROE, parent backing. |
| Godrej Agrovet Ltd | 0.11 | 16.5 | AA- | Low leverage, strong parent (Godrej Group). |
| Savita Oil Tech Ltd | 0.12 | 17.2 | A+ | Healthy ROE, manageable debt. |
| Gujarat Ambuja Exports | 0.28 | 14.0 | BBB+ | Moderate debt, cyclical industry exposure. |
| Jayant Agro Organics | 0.23 | 11.4 | BBB | Average metrics, limited scalability. |
| Gokul Agro Resources | 0.14 | 7.9 | BB | Low ROE, thin margins. |
| BCL Industries Ltd | 0.29 | 6.0 | B | Weak profitability, high debt burden. |
| Gokul Refoils & Solvent | 0.11 | 5.7 | B- | Subpar ROE, liquidity concerns. |
| KS Oils Ltd | 0.50 | 4.3 | D | High debt, negative cash flows, default risk. |
Key Takeaways
- Highest-Rated (AAA/AA):
- ITC, Marico, Agro Tech Foods, Godrej Agrovet
- -Minimal debt, strong profitability, and market dominance.
- Moderate-Rated (A/BBB):
- Adani Wilmar, Savita Oil, Gujarat Ambuja
- Risks: Sector volatility (commodity prices), debt exposure.
- High-Risk/Junk (BB or below):
- Gokul Agro, BCL Industries, KS Oils
- Red Flags: Low ROE, debt stress, operational inefficiencies.
Conclusion :
Investment Insights : Edible Oil & Agro-Processing Companies
| Company | Future Prospects | Bullish Factors | Bearish Risks | Short-Term (1Y) | Long-Term (5Y+) | Why Invest/Avoid? |
|---|---|---|---|---|---|---|
| ITC Ltd | Diversification (FMCG, Hotels) | Strong brand, 4.6% dividend, AAA balance sheet | Regulatory risks (tobacco) | Moderate growth | High Growth | Best pick – Cash cow with defensive FMCG business. |
| Marico Ltd | Premiumization (Saffola/Oils) | Zero debt, 27.5% ROE, rural recovery | Input cost volatility | Sideways | Steady Compounder | Low-risk play with pricing power. |
| Patanjali | Aggressive expansion | High ROE (20.3%), Baba Ramdev backing | High debt (0.38), governance risks | Volatile | Speculative | High reward but high risk. |
| Agro Tech | Premium packaged foods | 23.1% ROE, urban demand growth | Small scale vs MNCs | Breakout potential | Dark Horse | Undervalued niche player. |
| Adani Wilmar | “Fortune” brand penetration | Parent support, distribution reach | Debt (0.32), low margins | Cyclical upside | Moderate | Leveraged to India’s consumption. |
| Godrej Agrovet | Animal feed & palm oil focus | Stable agri-business, 16.5% ROE | Cyclical earnings | Low volatility | Safe | Boring but reliable. |
| Savita Oil | Industrial lubricants growth | 17.2% ROE, technical niche | B2B dependence | Momentum play | Steady | Good for sector rotation. |
| Guj Amb Exports | Ethanol blending opportunity | Govt biofuel push | Commodity cyclicality | Swing trade | Wait-and-watch | Policy-dependent. |
| Jayant Agro | Castor oil derivatives | 11.4% ROE, export potential | Tiny market cap | Speculative | Avoid | Too small to matter. |
| Gokul Agro | Bulk commodity player | None visible | 7.9% ROE, debt concerns | Avoid | Avoid | Weak fundamentals. |
| BCL Industries | Ethanol play | Govt subsidies | 6% ROE, financial stress | Pump-and-dump | Avoid | Balance sheet risks. |
| KS Oils | Distressed asset | Potential turnaround? | 0.5 D/E, 4.3% ROE | Avoid | Avoid | Near-bankruptcy case. |
Key Investment Themes
Top Picks (Long-Term Compounders)
- ITC – Defensive + growth (FMCG scaling up)
- Marico – Capital-efficient business model
- Agro Tech – Underrated premium food play
Speculative Opportunities
- Patanjali: If debt reduces and governance improves
- Adani Wilmar: If margins expand post-commodity cycle
Avoid at the moment
- KS Oils, BCL, Gokul Group: Weak ROE, debt traps
Sector-Specific Drivers
✅ Bullish:
- Rising edible oil consumption (India imports 60% of demand)
- Premiumization trend (packaged oils, organic segments)
- Ethanol blending policy (benefits sugar/agro processors)
⚠ Bearish:
- Commodity price volatility (palm oil, soybean cycles)
- Working capital pressures (high inventory sectors)
- Rural demand fluctuations
Time Horizon Advice
- Short-Term Traders: Watch Adani Wilmar/Guj Amb for commodity cycles
- Long-Term Investors: Stick with ITC/Marico/Agro Tech
- Avoid at the moment : Micro-caps (Jayant Agro, KS Oils) – liquidity risks
Final Tip: For cyclical players (Adani Wilmar, Patanjali), combine with technical analysis – these stocks swing 30-50% annually.
Points that can be Helpful in Future with Edible Oil Companies Investment Planning :
- Commodity Cyclicity: Track palm oil futures for price insights.
- Policy Plays: Companies benefiting from policies like ethanol blending (e.g., Gujarat Ambuja) need reliable government support to succeed.
- Quality Filter: Focus on companies with a high ROE (>15%) and low debt/equity (<0.3%) to ensure solid profitability and financial stability.
I hope you liked this full analysis of Edible Oil and Agro – Processing companies of India.
Happy Investing
Extra Reference :
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