The Crowilmar Verdict: I am a sucker for FMCG companies. A huge part of my portfolio is FMCG. After all, I prefer branded cereals that HNIs drop on their balconies to nibble compared to the loose cereals lower-middle-class families buy from APMC stalls. Jokes apart, I see FMCG = consumption. And India's consumption is only rising, oil being a staple ingredient in Indian households.
So Adani Wilmar is a sureshot buy for me. But 2 issues remain: high asking price and poor FV. But that's like a default feature of Adani group, a dodgy one that I have always stayed away from. I even saw a report speculating AWL's PE to shoot to multiples of 100. I am not surprised and I would want to ride that euphoria.
I will apply in both retail and SH so that I get at least 2 lots. 1 for the listing pop and the second for some mid-term play.
Red flags - 2 out of 12. Keep crowing!
Always in restraint of Mrs. Crow.