Godrej Agrovet Ltd
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]
- Market Cap ₹ 9,774 Cr.
- Current Price ₹ 509
- High / Low ₹ 689 / 441
- Stock P/E 29.8
- Book Value ₹ 102
- Dividend Yield 1.87 %
- ROCE 18.3 %
- ROE 19.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 47.2%
- Promoter holding has increased by 2.06% over last quarter.
Cons
- The company has delivered a poor sales growth of 11.3% over past five years.
* 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
Sector: Miscellaneous Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,546 | 2,197 | 2,761 | 3,099 | 3,307 | 3,366 | 3,618 | 3,675 | 4,337 | 5,119 | 4,413 | 6,183 | 6,484 | |
1,511 | 2,079 | 2,566 | 2,860 | 3,036 | 3,074 | 3,293 | 3,336 | 4,007 | 4,697 | 4,040 | 5,694 | 6,028 | |
Operating Profit | 34 | 117 | 195 | 239 | 270 | 292 | 325 | 339 | 330 | 422 | 373 | 489 | 456 |
OPM % | 2% | 5% | 7% | 8% | 8% | 9% | 9% | 9% | 8% | 8% | 8% | 8% | 7% |
18 | 21 | 11 | 17 | 85 | 54 | 72 | 28 | 58 | 41 | 101 | 107 | 102 | |
Interest | 13 | 19 | 48 | 40 | 65 | 91 | 68 | 32 | 22 | 24 | 36 | 42 | 47 |
Depreciation | 8 | 13 | 19 | 27 | 37 | 44 | 49 | 53 | 59 | 80 | 85 | 93 | 94 |
Profit before tax | 30 | 106 | 139 | 189 | 253 | 211 | 281 | 281 | 307 | 359 | 353 | 460 | 418 |
Tax % | 2% | 24% | 30% | 27% | 24% | 24% | 26% | 32% | 32% | 18% | 21% | 22% | |
Net Profit | 30 | 81 | 97 | 138 | 193 | 160 | 208 | 191 | 208 | 293 | 279 | 360 | 329 |
EPS in Rs | 24.59 | 66.68 | 73.48 | 104.17 | 20.82 | 17.30 | 11.23 | 9.94 | 10.83 | 15.27 | 14.53 | 18.75 | 17.10 |
Dividend Payout % | 49% | 42% | 26% | 26% | 124% | 26% | 40% | 45% | 42% | 36% | 55% | 51% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 16% |
3 Years: | 24% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 18% |
3 Years: | 19% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 12 | 13 | 13 | 93 | 93 | 185 | 192 | 192 | 192 | 192 | 192 | |
Reserves | 246 | 202 | 406 | 473 | 499 | 605 | 717 | 1,097 | 1,199 | 1,386 | 1,564 | 1,771 |
161 | 145 | 475 | 620 | 685 | 1,224 | 483 | 217 | 111 | 410 | 729 | 1,038 | |
364 | 561 | 330 | 438 | 418 | 462 | 1,008 | 1,060 | 1,383 | 1,255 | 749 | 825 | |
Total Liabilities | 784 | 919 | 1,224 | 1,544 | 1,694 | 2,383 | 2,394 | 2,565 | 2,885 | 3,243 | 3,233 | 3,826 |
99 | 192 | 314 | 453 | 531 | 682 | 700 | 690 | 834 | 899 | 1,011 | 997 | |
CWIP | 8 | 110 | 125 | 149 | 138 | 37 | 30 | 114 | 63 | 121 | 15 | 62 |
Investments | 215 | 128 | 132 | 99 | 149 | 482 | 506 | 532 | 547 | 592 | 596 | 686 |
460 | 489 | 653 | 843 | 875 | 1,183 | 1,158 | 1,228 | 1,441 | 1,631 | 1,611 | 2,081 | |
Total Assets | 784 | 919 | 1,224 | 1,544 | 1,694 | 2,383 | 2,394 | 2,565 | 2,885 | 3,243 | 3,233 | 3,826 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 241 | 67 | 190 | 69 | 43 | 801 | 241 | 363 | 58 | -100 | 16 | |
-51 | -169 | -171 | -178 | -132 | -421 | -50 | -170 | -129 | -183 | -53 | -136 | |
47 | -96 | 106 | 80 | -38 | 386 | -734 | -97 | -232 | 143 | 154 | 106 | |
Net Cash Flow | 20 | -24 | 3 | 92 | -101 | 8 | 18 | -26 | 1 | 18 | 1 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 28 | 20 | 24 | 26 | 29 | 40 | 41 | 49 | 50 | 51 | 54 | 41 |
Inventory Days | 41 | 41 | 43 | 46 | 54 | 72 | 74 | 72 | 73 | 54 | 75 | 78 |
Days Payable | 34 | 33 | 30 | 33 | 29 | 29 | 28 | 30 | 26 | 14 | 33 | 30 |
Cash Conversion Cycle | 36 | 29 | 37 | 40 | 55 | 83 | 87 | 90 | 96 | 91 | 96 | 89 |
Working Capital Days | -7 | -19 | 35 | 34 | 50 | 70 | 14 | 19 | 8 | 27 | 72 | 72 |
ROCE % | 11% | 32% | 30% | 23% | 24% | 17% | 18% | 22% | 20% | 22% | 17% | 18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Aug - Transcript of Conference call of Godrej Agrovet Limited with the Investors and Analysts held on Saturday, July 30, 2022. The aforesaid information is also being …
- Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 2 Aug
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
31 Jul - The Audio Recording of Conference Call of Godrej Agrovet Limited with the Investors and Analysts held on Saturday, July 30, 2022 at 3.00 p.m. IST, …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jul - Read with Schedule III and Regulation 47 of the Securities and Exchange Board of India (LODR) Regulations, 2015, please find enclosed e-copies of the newspaper …
- Appointment Of Mr. Burjis Godrej (DIN: 08183082) As An 'Executive Director' Of The Company Fora Term Of 5 (Five) Years To Be Effective From November 1, 2022 Upto October 31, 2027 30 Jul
Annual reports
Concalls
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022TranscriptPPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021TranscriptPPT
-
May 2021Transcript PPT
-
May 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
May 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Nov 2019TranscriptPPT
-
Aug 2019Transcript PPT
-
May 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
May 2018Transcript PPT
-
Feb 2018TranscriptPPT
Animal Feed Business (46% of revenues) [1]
It is the main business of the company and it enjoys a dominant position in the domestic organised animal feed industry. It is present across various sub-categories like cattle, broiler, layer and aqua feed. [2] It owns 32 state-of-the-art manufacturing plants, equipped with quality assurance labs, help farmers improve their farm productivity and profitability. [3]
It also has a presence in the animal feed industry in Bangladesh through its joint venture ACI Godrej Agrovet Pvt Ltd [4]