Godrej Agrovet Ltd

Godrej Agrovet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Godrej Agrovet Ltd

₹ 570 0.97%
15 May - close price
godrejagrovet.com BSE: 540743 NSE: GODREJAGRO
About

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. [1]

Key Points

Business Segments
1) Animal Feed Business (47% in H1 FY25 vs 50% in FY22): [1] [2] The company is a leading compound feed player across Cattle Milk, Broiler, Layer, Fish and Shrimp feed in India. In addition, it operates a joint venture, ACI Godrej Agrovet Pvt Ltd in Bangladesh. The segment revenue grew by 15% between FY22 and FY24, driven by an overall volume growth of 10% and a sales realization growth of 4%. [3]

Website BSE NSE
  • Market Cap ₹ 10,960 Cr.
  • Current Price ₹ 570
  • High / Low ₹ 876 / 506
  • Stock P/E 19.3
  • Book Value ₹ 151
  • Dividend Yield 1.93 %
  • ROCE 23.4 %
  • ROE 20.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 45.4%

Cons

  • The company has delivered a poor sales growth of 11.9% over past five years.
  • Promoter holding has decreased over last 3 years: -6.33%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Animal Feed

Part of BSE 500 BSE Fast Moving Consumer Goods BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,496 1,820 1,951 1,820 1,497 1,741 1,848 1,869 1,550 2,007 2,000 2,070 1,668
1,428 1,669 1,776 1,659 1,407 1,527 1,627 1,674 1,420 1,748 1,804 1,858 1,562
Operating Profit 69 151 174 161 90 214 222 195 130 259 196 212 105
OPM % 5% 8% 9% 9% 6% 12% 12% 10% 8% 13% 10% 10% 6%
10 12 46 11 7 18 12 76 3 12 90 -7 24
Interest 16 18 17 14 13 19 27 22 16 20 27 23 16
Depreciation 26 30 29 29 32 30 31 31 31 32 32 32 32
Profit before tax 36 115 174 129 51 183 175 218 87 219 226 150 81
Tax % 15% 25% 22% 24% 29% 25% 24% 24% 22% 23% 22% 23% 21%
31 86 136 98 36 136 132 166 68 169 177 116 65
EPS in Rs 1.59 4.48 7.09 5.12 1.90 7.09 6.86 8.64 3.54 8.78 9.21 6.01 3.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,307 3,366 3,618 3,675 4,337 5,119 4,413 6,183 6,884 7,088 7,009 7,744
3,036 3,074 3,293 3,336 4,007 4,697 4,040 5,692 6,462 6,509 6,244 6,972
Operating Profit 270 292 325 339 330 422 373 491 423 579 766 772
OPM % 8% 9% 9% 9% 8% 8% 8% 8% 6% 8% 11% 10%
85 54 72 28 58 41 101 105 130 74 105 119
Interest 65 91 68 32 22 24 36 42 64 63 83 86
Depreciation 37 44 49 53 59 80 85 93 100 121 124 128
Profit before tax 253 211 281 281 307 359 353 460 389 470 663 676
Tax % 24% 24% 26% 32% 32% 18% 21% 22% 22% 24% 24% 22%
193 160 208 191 208 293 279 360 304 357 503 526
EPS in Rs 20.82 17.30 11.23 9.94 10.83 15.27 14.53 18.75 15.80 18.58 26.14 27.36
Dividend Payout % 124% 26% 40% 45% 42% 36% 55% 51% 60% 54% 42% 40%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 4%
TTM: 10%
Compounded Profit Growth
10 Years: 15%
5 Years: 15%
3 Years: 32%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: 10%
1 Year: -22%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 20%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 93 93 185 192 192 192 192 192 192 192 192 192
Reserves 499 605 717 1,097 1,199 1,386 1,564 1,771 1,890 2,067 2,381 2,703
685 1,224 483 217 111 410 729 1,038 841 689 632 862
418 462 1,008 1,060 1,383 1,255 749 825 823 959 1,167 2,052
Total Liabilities 1,694 2,383 2,394 2,565 2,885 3,243 3,233 3,826 3,746 3,907 4,372 5,810
531 682 700 690 834 906 1,017 1,003 1,175 1,296 1,299 1,260
CWIP 138 37 30 114 63 121 15 62 63 22 38 177
Investments 149 482 506 532 547 592 596 686 755 772 1,287 2,167
875 1,183 1,158 1,228 1,441 1,624 1,605 2,074 1,753 1,818 1,749 2,206
Total Assets 1,694 2,383 2,394 2,565 2,885 3,243 3,233 3,826 3,746 3,907 4,372 5,810

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
69 43 801 241 363 58 -100 16 734 593 809 1,315
-132 -421 -50 -170 -129 -183 -53 -136 -210 -152 -465 -967
-38 386 -734 -97 -232 143 154 106 -531 -416 -358 -86
Net Cash Flow -101 8 18 -26 1 18 1 -14 -7 25 -15 262
Free Cash Flow -40 -48 736 99 226 -95 -203 -98 643 430 671 1,130
CFO/OP 46% 29% 264% 90% 137% 31% -3% 28% 194% 122% 125% 190%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 29 40 41 49 50 51 54 41 25 18 20 17
Inventory Days 54 72 74 72 73 54 75 78 56 63 65 67
Days Payable 30 32 96 91 115 83 47 32 29 29 48 90
Cash Conversion Cycle 54 79 19 29 7 21 81 87 52 52 37 -6
Working Capital Days 50 -54 -34 -1 -1 -0 19 12 3 2 -1 -16
ROCE % 24% 17% 18% 22% 20% 22% 17% 18% 13% 18% 24% 23%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Animal Feed Sales Volume
MT

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Oil Extraction Ratio (OER) - Vegetable Oil
%
Number of Distributors - Crop Protection
Count
Fresh Fruit Bunches (FFB) Processed
MT
Value Added Products (VAP) Salience - Dairy
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.04% 74.05% 74.05% 74.05% 74.03% 74.02% 67.56% 67.56% 67.54% 67.54% 67.65% 67.75%
9.70% 9.55% 9.44% 9.43% 9.48% 7.48% 7.10% 7.55% 7.27% 7.21% 6.29% 6.32%
5.04% 5.09% 5.49% 5.09% 4.34% 5.88% 6.25% 5.45% 4.97% 5.18% 5.38% 5.86%
11.21% 11.31% 11.04% 11.44% 12.14% 12.61% 19.10% 19.47% 20.22% 20.08% 20.69% 20.08%
No. of Shareholders 1,10,0201,08,6411,02,8991,02,65399,6741,26,4871,14,2171,16,5321,18,7391,13,0671,16,0981,11,365

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Annual reports

DRHP

Credit ratings

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