# Edible Oils, Agro Processing — company-by-company sector analysis

> Edible Oils, Agro Processing: AWL Agri Business Ltd owns the largest revenue base; CIAN Agro Industries & Infrastructure Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-05. Not investment advice.

## Bottom line

Edible Oils, Agro Processing has outperformed NIFTY 500 by 42.1% over 52 weeks and 3.7% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. AWL Agri Business Ltd leads with revenue of ₹77,721 crore, based on 5 of 5 comparable companies through Jun 2026.

## Sector relative strength

Edible Oils, Agro Processing has outperformed NIFTY 500 by 42.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.7%. 4 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. CIAN Agro Industries & Infrastructure Ltd is the strongest against the sector itself at +28.2%.

13-week sector return versus NIFTY 500: 3.7%
52-week sector return versus NIFTY 500: 42%
Stocks leading NIFTY: 4/5
Stocks leading sector: 2/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 5
Combined market value: ₹35.9K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Gokul Agro Resources Ltd (GOKULAGRO): 64/100 — Mixed-positive evidence; evidence 100%
   - Growth & earnings 20.5/35 | Capital efficiency 16.3/25 | Valuation 14.0/20 | Relative strength 13.2/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 20.5 + 16.3 + 14 + 13.2 = 64
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Modi Naturals Ltd (MODINATUR): 62/100 — Mixed-positive evidence; evidence 61%
   - Growth & earnings 23.6/35 | Capital efficiency 16.9/25 | Valuation 11.5/20 | Relative strength 9.5/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of 3 weeks with a reading, within the last 12
   - Exact sum: 23.6 + 16.9 + 11.5 + 9.5 = 61.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 58/100 — Thin evidence · provisional; evidence 57%
   - Growth & earnings 21.2/35 | Capital efficiency 8.3/25 | Valuation 11.5/20 | Relative strength 17.0/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks, ending 2026-03-08 (no longer priced)
   - Exact sum: 21.2 + 8.3 + 11.5 + 17 = 58
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Jayant Agro Organics Ltd (JAYAGROGN): 37/100 — Mixed-negative evidence; evidence 81%
   - Growth & earnings 9.3/35 | Capital efficiency 10.1/25 | Valuation 10.9/20 | Relative strength 6.4/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of 11 weeks with a reading, within the last 12
   - Exact sum: 9.3 + 10.1 + 10.9 + 6.4 = 36.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. AWL Agri Business Ltd (AWL): 31/100 — Adverse evidence; evidence 93%
   - Growth & earnings 11.6/35 | Capital efficiency 9.4/25 | Valuation 4.4/20 | Relative strength 6.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 11.6 + 9.4 + 4.4 + 6 = 31.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Market action

CIAN Agro Industries & Infrastructure Ltd has the strongest one-year price move in Edible Oils, Agro Processing at +177.2%. It also leads on Mansfield relative strength against NIFTY at +22.1%. 4 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

### Strongest one-year price performers
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 177%
2. Gokul Agro Resources Ltd (GOKULAGRO): 46%
3. Jayant Agro Organics Ltd (JAYAGROGN): -12%
4. AWL Agri Business Ltd (AWL): -30%

### Strongest relative strength versus NIFTY 500
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 22%
2. Gokul Agro Resources Ltd (GOKULAGRO): 16%
3. Jayant Agro Organics Ltd (JAYAGROGN): 7.2%
4. Modi Naturals Ltd (MODINATUR): 2.0%
5. AWL Agri Business Ltd (AWL): -16%

## Revenue Scale & Growth Durability

What the numbers say: AWL Agri Business Ltd is the scale leader at ₹77,721 crore, 218.1% ahead of Gokul Agro Resources Ltd. CIAN Agro Industries & Infrastructure Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 231.4% from a ₹2,068 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: AWL Agri Business Ltd is the scale benchmark; CIAN Agro Industries & Infrastructure Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: AWL Agri Business Ltd's growth falls below CIAN Agro Industries & Infrastructure Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: AWL Agri Business Ltd · ₹77,721 crore | 218.1% versus #2 · Gokul Agro Resources Ltd | 8/8 recent comparable periods | 5/5 companies · 81 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. AWL Agri Business Ltd (AWL): ₹77.7K Cr
2. Gokul Agro Resources Ltd (GOKULAGRO): ₹24.4K Cr
3. Jayant Agro Organics Ltd (JAYAGROGN): ₹2.5K Cr
4. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): ₹2.1K Cr — older report
5. Modi Naturals Ltd (MODINATUR): ₹719 Cr

### Revenue growth — fastest growers
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 100% — older report
2. Gokul Agro Resources Ltd (GOKULAGRO): 21%
3. AWL Agri Business Ltd (AWL): 17%
4. Modi Naturals Ltd (MODINATUR): 8.3%
5. Jayant Agro Organics Ltd (JAYAGROGN): 1.9%

### 20-quarter Revenue history
- AWL: Sep 2021 ₹13.6K Cr | Dec 2021 ₹14.4K Cr | Mar 2022 ₹14.9K Cr | Jun 2022 ₹14.7K Cr | Sep 2022 ₹14.2K Cr | Dec 2022 ₹15.4K Cr | Mar 2023 ₹13.9K Cr | Jun 2023 ₹12.9K Cr | Sep 2023 ₹12.3K Cr | Dec 2023 ₹12.8K Cr | Mar 2024 ₹13.2K Cr | Jun 2024 ₹14.2K Cr | Sep 2024 ₹14.5K Cr | Dec 2024 ₹16.8K Cr | Mar 2025 ₹18.2K Cr | Jun 2025 ₹17.1K Cr | Sep 2025 ₹17.6K Cr | Dec 2025 ₹18.6K Cr | Mar 2026 ₹21.5K Cr | Jun 2026 ₹20.0K Cr
- GOKULAGRO: Sep 2021 ₹2.7K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹2.8K Cr | Dec 2022 ₹2.7K Cr | Mar 2023 ₹2.6K Cr | Jun 2023 ₹2.5K Cr | Sep 2023 ₹4.1K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹3.9K Cr | Jun 2024 ₹4.3K Cr | Sep 2024 ₹4.8K Cr | Dec 2024 ₹5.0K Cr | Mar 2025 ₹5.5K Cr | Jun 2025 ₹4.9K Cr | Sep 2025 ₹6.6K Cr | Dec 2025 ₹6.3K Cr | Mar 2026 ₹6.2K Cr | Jun 2026 ₹5.3K Cr
- CIANAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹78 Cr | Mar 2023 ₹110 Cr | Jun 2023 ₹23 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹39 Cr | Mar 2024 ₹86 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹125 Cr | Dec 2024 ₹396 Cr | Mar 2025 ₹490 Cr | Jun 2025 ₹511 Cr | Sep 2025 ₹421 Cr | Dec 2025 ₹646 Cr | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹525 Cr | Mar 2023 ₹607 Cr | Jun 2023 ₹555 Cr | Sep 2023 ₹540 Cr | Dec 2023 ₹429 Cr | Mar 2024 ₹626 Cr | Jun 2024 ₹716 Cr | Sep 2024 ₹598 Cr | Dec 2024 ₹580 Cr | Mar 2025 ₹634 Cr | Jun 2025 ₹672 Cr | Sep 2025 ₹500 Cr | Dec 2025 ₹587 Cr | Mar 2026 ₹647 Cr | Jun 2026 ₹797 Cr
- MODINATUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹110 Cr | Jun 2023 ₹84 Cr | Sep 2023 ₹92 Cr | Dec 2023 ₹104 Cr | Mar 2024 ₹120 Cr | Jun 2024 ₹148 Cr | Sep 2024 ₹147 Cr | Dec 2024 ₹179 Cr | Mar 2025 ₹190 Cr | Jun 2025 ₹155 Cr | Sep 2025 ₹147 Cr | Dec 2025 ₹174 Cr | Mar 2026 ₹243 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- AWL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 30% | Sep 2022 4.4% | Dec 2022 7.4% | Mar 2023 -7.1% | Jun 2023 -12% | Sep 2023 -13% | Dec 2023 -17% | Mar 2024 -4.7% | Jun 2024 9.5% | Sep 2024 18% | Dec 2024 31% | Mar 2025 38% | Jun 2025 21% | Sep 2025 22% | Dec 2025 10% | Mar 2026 18% | Jun 2026 18%
- GOKULAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 3.0% | Dec 2022 4.7% | Mar 2023 -4.0% | Jun 2023 -14% | Sep 2023 48% | Dec 2023 22% | Mar 2024 49% | Jun 2024 74% | Sep 2024 17% | Dec 2024 49% | Mar 2025 39% | Jun 2025 15% | Sep 2025 38% | Dec 2025 27% | Mar 2026 14% | Jun 2026 7.3%
- CIANAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -50% | Mar 2024 -22% | Jun 2024 -26% | Sep 2024 443% | Dec 2024 915% | Mar 2025 470% | Jun 2025 2,906% | Sep 2025 237% | Dec 2025 63% | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -18% | Mar 2024 3.1% | Jun 2024 29% | Sep 2024 11% | Dec 2024 35% | Mar 2025 1.3% | Jun 2025 -6.2% | Sep 2025 -16% | Dec 2025 1.2% | Mar 2026 2.1% | Jun 2026 19%
- MODINATUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 9.1% | Jun 2024 76% | Sep 2024 60% | Dec 2024 72% | Mar 2025 58% | Jun 2025 4.7% | Sep 2025 0.0% | Dec 2025 -2.8% | Mar 2026 28% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: CIAN Agro Industries & Infrastructure Ltd leads both opm at 26% and margin change at +6 percentage points.

Investor read: CIAN Agro Industries & Infrastructure Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: CIAN Agro Industries & Infrastructure Ltd · 26% | 160% versus #2 · Modi Naturals Ltd | 4/8 recent comparable periods | 5/5 companies · 97 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 26% — older report
2. Modi Naturals Ltd (MODINATUR): 10%
3. Jayant Agro Organics Ltd (JAYAGROGN): 4.9%
4. Gokul Agro Resources Ltd (GOKULAGRO): 3.9%
5. AWL Agri Business Ltd (AWL): 3.5%

### Margin change — fastest expanders
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): +6.0 pp — older report
2. Modi Naturals Ltd (MODINATUR): +2.0 pp
3. AWL Agri Business Ltd (AWL): +1.4 pp
4. Gokul Agro Resources Ltd (GOKULAGRO): +1.2 pp
5. Jayant Agro Organics Ltd (JAYAGROGN): +0.4 pp

### 20-quarter OPM history
- AWL: Sep 2021 3.2% | Dec 2021 3.5% | Mar 2022 2.9% | Jun 2022 3.0% | Sep 2022 1.8% | Dec 2022 4.0% | Mar 2023 1.0% | Jun 2023 1.0% | Sep 2023 1.2% | Dec 2023 3.9% | Mar 2024 2.7% | Jun 2024 4.4% | Sep 2024 4.3% | Dec 2024 4.7% | Mar 2025 2.5% | Jun 2025 2.1% | Sep 2025 3.9% | Dec 2025 3.0% | Mar 2026 2.4% | Jun 2026 3.5%
- GOKULAGRO: Sep 2021 1.8% | Dec 2021 2.1% | Mar 2022 3.1% | Jun 2022 2.1% | Sep 2022 2.4% | Dec 2022 3.0% | Mar 2023 3.0% | Jun 2023 2.2% | Sep 2023 2.0% | Dec 2023 2.2% | Mar 2024 2.4% | Jun 2024 2.7% | Sep 2024 3.1% | Dec 2024 2.8% | Mar 2025 2.2% | Jun 2025 2.7% | Sep 2025 2.8% | Dec 2025 2.6% | Mar 2026 3.1% | Jun 2026 3.9%
- CIANAGRO: Sep 2021 7.8% | Dec 2021 13% | Mar 2022 8.8% | Jun 2022 12% | Sep 2022 13% | Dec 2022 10% | Mar 2023 4.0% | Jun 2023 30% | Sep 2023 30% | Dec 2023 12% | Mar 2024 1.0% | Jun 2024 28% | Sep 2024 9.0% | Dec 2024 20% | Mar 2025 9.0% | Jun 2025 22% | Sep 2025 18% | Dec 2025 26% | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 5.9% | Dec 2021 5.2% | Mar 2022 6.5% | Jun 2022 3.8% | Sep 2022 3.4% | Dec 2022 2.5% | Mar 2023 4.0% | Jun 2023 3.8% | Sep 2023 5.0% | Dec 2023 4.2% | Mar 2024 4.9% | Jun 2024 4.3% | Sep 2024 4.7% | Dec 2024 4.6% | Mar 2025 3.6% | Jun 2025 4.5% | Sep 2025 4.5% | Dec 2025 3.0% | Mar 2026 5.0% | Jun 2026 4.9%
- MODINATUR: Sep 2021 3.8% | Dec 2021 3.1% | Mar 2022 1.0% | Jun 2022 4.6% | Sep 2022 2.0% | Dec 2022 0.8% | Mar 2023 -1.9% | Jun 2023 3.0% | Sep 2023 2.5% | Dec 2023 -1.2% | Mar 2024 4.7% | Jun 2024 9.0% | Sep 2024 9.0% | Dec 2024 7.0% | Mar 2025 8.0% | Jun 2025 11% | Sep 2025 10% | Dec 2025 9.0% | Mar 2026 10% | Jun 2026 —

### 20-quarter Margin change history
- AWL: Sep 2021 — | Dec 2021 +0.4 pp | Mar 2022 −0.5 pp | Jun 2022 −0.3 pp | Sep 2022 −1.4 pp | Dec 2022 +0.5 pp | Mar 2023 −1.9 pp | Jun 2023 −2.0 pp | Sep 2023 −0.6 pp | Dec 2023 −0.1 pp | Mar 2024 +1.7 pp | Jun 2024 +3.4 pp | Sep 2024 +3.1 pp | Dec 2024 +0.8 pp | Mar 2025 −0.2 pp | Jun 2025 −2.3 pp | Sep 2025 −0.4 pp | Dec 2025 −1.7 pp | Mar 2026 −0.1 pp | Jun 2026 +1.4 pp
- GOKULAGRO: Sep 2021 +0.2 pp | Dec 2021 +0.4 pp | Mar 2022 +1.4 pp | Jun 2022 +0.5 pp | Sep 2022 +0.6 pp | Dec 2022 +1.0 pp | Mar 2023 −0.1 pp | Jun 2023 +0.1 pp | Sep 2023 −0.4 pp | Dec 2023 −0.8 pp | Mar 2024 −0.6 pp | Jun 2024 +0.5 pp | Sep 2024 +1.1 pp | Dec 2024 +0.6 pp | Mar 2025 −0.2 pp | Jun 2025 0.0 pp | Sep 2025 −0.3 pp | Dec 2025 −0.2 pp | Mar 2026 +0.9 pp | Jun 2026 +1.2 pp
- CIANAGRO: Sep 2021 −6.3 pp | Dec 2021 +3.0 pp | Mar 2022 +2.9 pp | Jun 2022 +4.6 pp | Sep 2022 +4.8 pp | Dec 2022 −2.9 pp | Mar 2023 −4.8 pp | Jun 2023 +18.1 pp | Sep 2023 +17.4 pp | Dec 2023 +2.0 pp | Mar 2024 −3.0 pp | Jun 2024 −2.0 pp | Sep 2024 −21.0 pp | Dec 2024 +8.0 pp | Mar 2025 +8.0 pp | Jun 2025 −6.0 pp | Sep 2025 +9.0 pp | Dec 2025 +6.0 pp | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 +1.3 pp | Dec 2021 +0.6 pp | Mar 2022 −1.6 pp | Jun 2022 −2.1 pp | Sep 2022 −2.6 pp | Dec 2022 −2.7 pp | Mar 2023 −2.5 pp | Jun 2023 0.0 pp | Sep 2023 +1.6 pp | Dec 2023 +1.7 pp | Mar 2024 +0.9 pp | Jun 2024 +0.5 pp | Sep 2024 −0.3 pp | Dec 2024 +0.4 pp | Mar 2025 −1.3 pp | Jun 2025 +0.2 pp | Sep 2025 −0.2 pp | Dec 2025 −1.6 pp | Mar 2026 +1.4 pp | Jun 2026 +0.4 pp
- MODINATUR: Sep 2021 +2.3 pp | Dec 2021 +0.7 pp | Mar 2022 −4.0 pp | Jun 2022 −0.6 pp | Sep 2022 −1.8 pp | Dec 2022 −2.4 pp | Mar 2023 −2.9 pp | Jun 2023 −1.6 pp | Sep 2023 +0.5 pp | Dec 2023 −2.0 pp | Mar 2024 +6.6 pp | Jun 2024 +6.0 pp | Sep 2024 +6.5 pp | Dec 2024 +8.2 pp | Mar 2025 +3.3 pp | Jun 2025 +2.0 pp | Sep 2025 +1.0 pp | Dec 2025 +2.0 pp | Mar 2026 +2.0 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: AWL Agri Business Ltd leads with ₹1,158 crore of TTM profit, 175.1% above Gokul Agro Resources Ltd. CIAN Agro Industries & Infrastructure Ltd shows ≥100% on the scoring scale (356.8% uncapped) growth from a ₹169 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: AWL Agri Business Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: AWL Agri Business Ltd · ₹1,158 crore | 175.1% versus #2 · Gokul Agro Resources Ltd | 5/8 recent comparable periods | 5/5 companies · 81 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. AWL Agri Business Ltd (AWL): ₹1.2K Cr
2. Gokul Agro Resources Ltd (GOKULAGRO): ₹421 Cr
3. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): ₹169 Cr — older report
4. Jayant Agro Organics Ltd (JAYAGROGN): ₹54 Cr
5. Modi Naturals Ltd (MODINATUR): ₹50 Cr

### Profit growth — fastest growers
1. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 100% — older report
2. Modi Naturals Ltd (MODINATUR): 61%
3. Gokul Agro Resources Ltd (GOKULAGRO): 60%
4. AWL Agri Business Ltd (AWL): 0.6%
5. Jayant Agro Organics Ltd (JAYAGROGN): 0.0%

### 20-quarter Net profit history
- AWL: Sep 2021 ₹182 Cr | Dec 2021 ₹211 Cr | Mar 2022 ₹234 Cr | Jun 2022 ₹194 Cr | Sep 2022 ₹49 Cr | Dec 2022 ₹246 Cr | Mar 2023 ₹94 Cr | Jun 2023 ₹-79 Cr | Sep 2023 ₹-131 Cr | Dec 2023 ₹201 Cr | Mar 2024 ₹157 Cr | Jun 2024 ₹313 Cr | Sep 2024 ₹311 Cr | Dec 2024 ₹411 Cr | Mar 2025 ₹191 Cr | Jun 2025 ₹238 Cr | Sep 2025 ₹245 Cr | Dec 2025 ₹269 Cr | Mar 2026 ₹293 Cr | Jun 2026 ₹351 Cr
- GOKULAGRO: Sep 2021 ₹22 Cr | Dec 2021 ₹29 Cr | Mar 2022 ₹58 Cr | Jun 2022 ₹28 Cr | Sep 2022 ₹29 Cr | Dec 2022 ₹37 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹34 Cr | Dec 2023 ₹34 Cr | Mar 2024 ₹44 Cr | Jun 2024 ₹53 Cr | Sep 2024 ₹71 Cr | Dec 2024 ₹72 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹72 Cr | Sep 2025 ₹101 Cr | Dec 2025 ₹78 Cr | Mar 2026 ₹119 Cr | Jun 2026 ₹123 Cr
- CIANAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹52 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹90 Cr | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹5 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹17 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹18 Cr | Jun 2026 ₹21 Cr
- MODINATUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-2 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-4 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹20 Cr | Jun 2026 —

### 20-quarter Profit growth history
- AWL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 -73% | Dec 2022 17% | Mar 2023 -60% | Jun 2023 -141% | Sep 2023 -367% | Dec 2023 -18% | Mar 2024 67% | Jun 2024 — | Sep 2024 — | Dec 2024 104% | Mar 2025 22% | Jun 2025 -24% | Sep 2025 -21% | Dec 2025 -35% | Mar 2026 53% | Jun 2026 47%
- GOKULAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 100% | Sep 2022 32% | Dec 2022 28% | Mar 2023 -34% | Jun 2023 -14% | Sep 2023 17% | Dec 2023 -8.1% | Mar 2024 16% | Jun 2024 121% | Sep 2024 109% | Dec 2024 112% | Mar 2025 11% | Jun 2025 36% | Sep 2025 42% | Dec 2025 8.3% | Mar 2026 143% | Jun 2026 71%
- CIANAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -100% | Dec 2024 — | Mar 2025 100% | Jun 2025 — | Sep 2025 — | Dec 2025 173% | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 120% | Mar 2024 21% | Jun 2024 33% | Sep 2024 -19% | Dec 2024 40% | Mar 2025 -35% | Jun 2025 0.0% | Sep 2025 -31% | Dec 2025 -57% | Mar 2026 64% | Jun 2026 31%
- MODINATUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 600% | Sep 2024 700% | Dec 2024 — | Mar 2025 700% | Jun 2025 43% | Sep 2025 25% | Dec 2025 25% | Mar 2026 150% | Jun 2026 —

## Return On Capital Employed

What the numbers say: Gokul Agro Resources Ltd leads ROCE at 36.7%, 14.5 percentage points above Modi Naturals Ltd. Modi Naturals Ltd has the strongest latest improvement at +3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Gokul Agro Resources Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Gokul Agro Resources Ltd · 36.7% | 65.3% versus #2 · Modi Naturals Ltd | 5/8 recent comparable periods | 5/5 companies · 45 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Gokul Agro Resources Ltd (GOKULAGRO): 37%
2. Modi Naturals Ltd (MODINATUR): 22%
3. AWL Agri Business Ltd (AWL): 18%
4. Jayant Agro Organics Ltd (JAYAGROGN): 12%
5. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 6.8% — older report

### ROCE change — fastest improvers
1. Modi Naturals Ltd (MODINATUR): +3.0 pp
2. Jayant Agro Organics Ltd (JAYAGROGN): −2.3 pp
3. Gokul Agro Resources Ltd (GOKULAGRO): −2.7 pp
4. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): −4.0 pp — older report
5. AWL Agri Business Ltd (AWL): −4.2 pp

### 20-quarter ROCE history
- AWL: Sep 2021 22% | Dec 2021 — | Mar 2022 18% | Jun 2022 — | Sep 2022 16% | Dec 2022 — | Mar 2023 8.5% | Jun 2023 — | Sep 2023 3.9% | Dec 2023 11% | Mar 2024 8.3% | Jun 2024 16% | Sep 2024 17% | Dec 2024 24% | Mar 2025 19% | Jun 2025 22% | Sep 2025 17% | Dec 2025 18% | Mar 2026 15% | Jun 2026 —
- GOKULAGRO: Sep 2021 29% | Dec 2021 — | Mar 2022 34% | Jun 2022 — | Sep 2022 31% | Dec 2022 — | Mar 2023 29% | Jun 2023 — | Sep 2023 28% | Dec 2023 31% | Mar 2024 24% | Jun 2024 34% | Sep 2024 31% | Dec 2024 43% | Mar 2025 37% | Jun 2025 42% | Sep 2025 37% | Dec 2025 42% | Mar 2026 34% | Jun 2026 —
- JAYAGROGN: Sep 2021 27% | Dec 2021 — | Mar 2022 27% | Jun 2022 — | Sep 2022 23% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 13% | Dec 2023 13% | Mar 2024 13% | Jun 2024 15% | Sep 2024 15% | Dec 2024 16% | Mar 2025 14% | Jun 2025 14% | Sep 2025 13% | Dec 2025 12% | Mar 2026 12% | Jun 2026 —

### 20-quarter ROCE change history
- AWL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.1 pp | Dec 2022 — | Mar 2023 −9.7 pp | Jun 2023 — | Sep 2023 −12.1 pp | Dec 2023 — | Mar 2024 −0.2 pp | Jun 2024 — | Sep 2024 +12.8 pp | Dec 2024 +13.1 pp | Mar 2025 +10.8 pp | Jun 2025 +6.1 pp | Sep 2025 −0.2 pp | Dec 2025 −5.9 pp | Mar 2026 −4.2 pp | Jun 2026 —
- GOKULAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.7 pp | Dec 2022 — | Mar 2023 −5.3 pp | Jun 2023 — | Sep 2023 −3.7 pp | Dec 2023 — | Mar 2024 −4.9 pp | Jun 2024 — | Sep 2024 +3.5 pp | Dec 2024 +11.7 pp | Mar 2025 +13.5 pp | Jun 2025 +7.1 pp | Sep 2025 +6.2 pp | Dec 2025 −1.1 pp | Mar 2026 −2.7 pp | Jun 2026 —
- JAYAGROGN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.1 pp | Dec 2022 — | Mar 2023 −12.3 pp | Jun 2023 — | Sep 2023 −9.4 pp | Dec 2023 — | Mar 2024 −1.9 pp | Jun 2024 — | Sep 2024 +1.4 pp | Dec 2024 +3.0 pp | Mar 2025 +1.1 pp | Jun 2025 −0.3 pp | Sep 2025 −1.5 pp | Dec 2025 −4.4 pp | Mar 2026 −2.3 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Gokul Agro Resources Ltd has the lowest comparable PEG at 0.76×, 72.4% below AWL Agri Business Ltd. Only 2 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Gokul Agro Resources Ltd · 0.76× | 72.4% versus #2 · AWL Agri Business Ltd | 0/8 recent comparable periods | 2/5 companies · 6 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Gokul Agro Resources Ltd (GOKULAGRO): 0.8
2. AWL Agri Business Ltd (AWL): 2.8

### P/E — lowest P/E
1. Modi Naturals Ltd (MODINATUR): 11.7
2. Jayant Agro Organics Ltd (JAYAGROGN): 12.7
3. Gokul Agro Resources Ltd (GOKULAGRO): 15.8
4. CIAN Agro Industries & Infrastructure Ltd (CIANAGRO): 20.3 — older report
5. AWL Agri Business Ltd (AWL): 21.0

### 20-quarter PEG history
- AWL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 2.8 | Mar 2026 — | Jun 2026 —
- GOKULAGRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 2.3 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.9 | Dec 2024 0.5 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.4 | Mar 2026 0.8 | Jun 2026 —

### 20-quarter P/E history
- AWL: Sep 2021 — | Dec 2021 — | Mar 2022 6.6 | Jun 2022 9.2 | Sep 2022 112.1 | Dec 2022 111.9 | Mar 2023 73.0 | Jun 2023 91.3 | Sep 2023 141.8 | Dec 2023 251.7 | Mar 2024 303.2 | Jun 2024 272.2 | Sep 2024 75.3 | Dec 2024 43.6 | Mar 2025 28.2 | Jun 2025 27.4 | Sep 2025 29.6 | Dec 2025 28.4 | Mar 2026 25.1 | Jun 2026 22.3
- GOKULAGRO: Sep 2021 11.0 | Dec 2021 13.7 | Mar 2022 11.5 | Jun 2022 10.5 | Sep 2022 9.1 | Dec 2022 12.7 | Mar 2023 9.9 | Jun 2023 11.9 | Sep 2023 13.1 | Dec 2023 13.8 | Mar 2024 12.5 | Jun 2024 18.2 | Sep 2024 24.8 | Dec 2024 24.4 | Mar 2025 14.7 | Jun 2025 18.0 | Sep 2025 21.9 | Dec 2025 18.3 | Mar 2026 18.2 | Jun 2026 17.4
- CIANAGRO: Sep 2021 37.0 | Dec 2021 60.0 | Mar 2022 62.4 | Jun 2022 52.4 | Sep 2022 47.0 | Dec 2022 45.0 | Mar 2023 100.9 | Jun 2023 111.4 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 98.0 | Dec 2024 360.2 | Mar 2025 25.7 | Jun 2025 30.6 | Sep 2025 57.8 | Dec 2025 34.5 | Mar 2026 — | Jun 2026 —
- JAYAGROGN: Sep 2021 11.9 | Dec 2021 8.3 | Mar 2022 8.5 | Jun 2022 6.8 | Sep 2022 6.7 | Dec 2022 7.2 | Mar 2023 7.3 | Jun 2023 14.2 | Sep 2023 14.8 | Dec 2023 16.7 | Mar 2024 13.0 | Jun 2024 17.9 | Sep 2024 16.6 | Dec 2024 15.4 | Mar 2025 10.8 | Jun 2025 13.9 | Sep 2025 12.7 | Dec 2025 11.8 | Mar 2026 11.4 | Jun 2026 12.6
- MODINATUR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26.2 | Sep 2022 30.6 | Dec 2022 42.4 | Mar 2023 77.9 | Jun 2023 257.4 | Sep 2023 271.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 93.8 | Dec 2024 59.3 | Mar 2025 18.9 | Jun 2025 27.8 | Sep 2025 23.4 | Dec 2025 15.9 | Mar 2026 12.0 | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- AWL Agri Business Ltd (AWL) — market value ₹24.6K Cr; latest fundamentals Jun 2026
- Gokul Agro Resources Ltd (GOKULAGRO) — market value ₹6.6K Cr; latest fundamentals Jun 2026
- CIAN Agro Industries & Infrastructure Ltd (CIANAGRO) — market value ₹3.4K Cr; latest fundamentals Dec 2025
- Jayant Agro Organics Ltd (JAYAGROGN) — market value ₹688 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures
- Modi Naturals Ltd (MODINATUR) — market value ₹518 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 2. Unverified: 3. Withheld: 0. Graded companies: 5.

1 of 5 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | JAYAGROGN | Jayant Agro Organics Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-31.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Edible Oils, Agro Processing sector outperforming NIFTY 500?

Edible Oils, Agro Processing has outperformed NIFTY 500 by 42.1% over 52 weeks and 3.7% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

### Which Edible Oils, Agro Processing company is largest by revenue?

AWL Agri Business Ltd leads with revenue of ₹77,721 crore, based on 5 of 5 comparable companies through Jun 2026.

### Which Edible Oils, Agro Processing company is growing fastest?

CIAN Agro Industries & Infrastructure Ltd has the fastest current revenue growth at 100%, across 5 of 5 comparable companies.

### Which Edible Oils, Agro Processing company has the strongest 4-Factor Sector Score?

Gokul Agro Resources Ltd ranks first at 64/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Edible Oils, Agro Processing company has the lowest comparable PEG?

Gokul Agro Resources Ltd has the lowest comparable PEG at 0.76, among 2 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Edible Oils, Agro Processing comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### What is the Nifty Edible Oils, Agro Processing index?

The Nifty Edible Oils, Agro Processing index tracks India's listed Edible Oils, Agro Processing companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Edible Oils, Agro Processing sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Edible Oils, Agro Processing stocks in India?

Ranked by this page's four-factor score, Gokul Agro Resources Ltd places first among 5 listed Edible Oils, Agro Processing companies, followed by Modi Naturals Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Edible Oils, Agro Processing stocks are listed in India?

This comparison covers 5 listed Edible Oils, Agro Processing companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Edible Oils, Agro Processing company is the biggest?

AWL Agri Business Ltd is the largest, with trailing-twelve-month revenue of ₹77,721 crore, ahead of Gokul Agro Resources Ltd at ₹24,434 crore. That covers 5 of 5 companies with comparable reporting through Jun 2026.

### Which Edible Oils, Agro Processing company has the best profit margins?

CIAN Agro Industries & Infrastructure Ltd has the highest operating margin at 26%, from 5 of 5 comparable companies. CIAN Agro Industries & Infrastructure Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Edible Oils, Agro Processing company makes the most profit?

AWL Agri Business Ltd earns the most, at ₹1,158 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. CIAN Agro Industries & Infrastructure Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Edible Oils, Agro Processing company earns the highest return on capital?

Gokul Agro Resources Ltd leads on return on capital employed at 36.7%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Edible Oils, Agro Processing stock is the cheapest?

On PEG — where a LOWER number is cheaper — Gokul Agro Resources Ltd screens cheapest at 0.76×. Only 2 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Edible Oils, Agro Processing sector beating the market?

Edible Oils, Agro Processing has outperformed NIFTY 500 by 42.1% over the last 52 weeks and 3.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Edible Oils, Agro Processing stock has the strongest price momentum?

CIAN Agro Industries & Infrastructure Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Edible Oils, Agro Processing company scores highest for research priority?

Gokul Agro Resources Ltd scores 64 out of 100 with 100% evidence confidence, from 20.5 points on growth and earnings, 16.3 on capital efficiency, 14 on valuation and 13.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Edible Oils, Agro Processing companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Edible Oils, Agro Processing sector?

The 5 Edible Oils, Agro Processing companies on this page carry ₹35,897 crore of combined market value. AWL Agri Business Ltd is the largest at ₹24,621 crore, about 69% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

### What is the Edible Oils, Agro Processing sector's P/E ratio?

The median price-to-earnings ratio across the 5 Edible Oils, Agro Processing companies on this page is 15.8×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

### How is the Edible Oils, Agro Processing sector performing?

4 of the 5 covered Edible Oils, Agro Processing companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 42.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.