Godrej Agrovet Ltd

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

Godrej Agrovet Ltd

₹ 774 -0.84%
14 Jul - 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 ₹ 14,879 Cr.
  • Current Price ₹ 774
  • High / Low ₹ 878 / 654
  • Stock P/E 29.6
  • Book Value ₹ 134
  • Dividend Yield 1.42 %
  • ROCE 24.2 %
  • ROE 20.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 52.0%
  • Company's working capital requirements have reduced from 33.4 days to 24.0 days

Cons

  • The company has delivered a poor sales growth of 6.49% over past five years.
  • Promoter holding has decreased over last 3 years: -4.08%

* 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 Nifty 500 BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1,400 1,850 1,798 1,741 1,496 1,820 1,951 1,820 1,497 1,741 1,848 1,869 1,550
1,315 1,732 1,672 1,629 1,428 1,669 1,776 1,659 1,407 1,527 1,627 1,674 1,420
Operating Profit 85 117 126 111 69 151 174 161 90 214 222 195 130
OPM % 6% 6% 7% 6% 5% 8% 9% 9% 6% 12% 12% 10% 8%
45 7 14 99 10 12 46 11 7 18 12 76 3
Interest 11 14 18 16 16 18 17 14 13 19 27 22 16
Depreciation 24 24 25 25 26 30 29 29 32 30 31 31 31
Profit before tax 96 86 98 169 36 115 174 129 51 183 175 218 87
Tax % 16% 26% 25% 19% 15% 25% 22% 24% 29% 25% 24% 24% 22%
81 64 73 136 31 86 136 98 36 136 132 166 68
EPS in Rs 4.19 3.32 3.80 7.09 1.59 4.48 7.09 5.12 1.90 7.09 6.86 8.64 3.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,099 3,307 3,366 3,618 3,675 4,337 5,119 4,413 6,183 6,884 7,088 7,009
2,860 3,036 3,074 3,293 3,336 4,007 4,697 4,040 5,692 6,462 6,507 6,248
Operating Profit 239 270 292 325 339 330 422 373 491 423 581 761
OPM % 8% 8% 9% 9% 9% 8% 8% 8% 8% 6% 8% 11%
17 85 54 72 28 58 41 101 105 130 72 109
Interest 40 65 91 68 32 22 24 36 42 64 63 83
Depreciation 27 37 44 49 53 59 80 85 93 100 121 124
Profit before tax 189 253 211 281 281 307 359 353 460 389 470 663
Tax % 27% 24% 24% 26% 32% 32% 18% 21% 22% 22% 24% 24%
138 193 160 208 191 208 293 279 360 304 357 503
EPS in Rs 104.17 20.82 17.30 11.23 9.94 10.83 15.27 14.53 18.75 15.80 18.58 26.14
Dividend Payout % 26% 124% 26% 40% 45% 42% 36% 55% 51% 60% 54% 42%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 4%
TTM: -1%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 12%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 16%
1 Year: -7%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 13 93 93 185 192 192 192 192 192 192 192 192
Reserves 473 499 605 717 1,097 1,199 1,386 1,564 1,771 1,890 2,067 2,381
620 685 1,224 483 217 111 410 729 1,038 841 689 632
438 418 462 1,008 1,060 1,383 1,255 749 825 823 959 1,167
Total Liabilities 1,544 1,694 2,383 2,394 2,565 2,885 3,243 3,233 3,826 3,746 3,907 4,373
453 531 682 700 690 834 899 1,011 1,003 1,175 1,296 1,302
CWIP 149 138 37 30 114 63 121 15 62 63 22 35
Investments 99 149 482 506 532 547 592 596 686 755 772 1,287
843 875 1,183 1,158 1,228 1,441 1,631 1,611 2,074 1,753 1,818 1,750
Total Assets 1,544 1,694 2,383 2,394 2,565 2,885 3,243 3,233 3,826 3,746 3,907 4,373

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
190 69 43 801 241 363 58 -100 16 734 593 809
-178 -132 -421 -50 -170 -129 -183 -53 -136 -210 -152 -465
80 -38 386 -734 -97 -232 143 154 106 -531 -416 -358
Net Cash Flow 92 -101 8 18 -26 1 18 1 -14 -7 25 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 26 29 40 41 49 50 51 54 41 25 18 20
Inventory Days 46 54 72 74 72 73 54 75 78 56 63 65
Days Payable 33 30 32 96 91 115 83 47 32 29 29 48
Cash Conversion Cycle 39 54 79 19 29 7 21 81 87 52 52 37
Working Capital Days 34 50 70 14 19 8 27 72 72 43 33 24
ROCE % 23% 24% 17% 18% 22% 20% 22% 17% 18% 13% 18% 24%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.70% 74.07% 74.07% 74.06% 74.04% 74.05% 74.05% 74.05% 74.03% 74.02% 67.56% 67.56%
1.48% 1.64% 9.73% 9.70% 9.70% 9.55% 9.44% 9.43% 9.48% 7.48% 7.10% 7.55%
2.89% 5.17% 5.19% 5.01% 5.04% 5.09% 5.49% 5.09% 4.34% 5.88% 6.25% 5.45%
21.92% 19.12% 11.01% 11.23% 11.21% 11.31% 11.04% 11.44% 12.14% 12.61% 19.10% 19.47%
No. of Shareholders 1,08,4151,12,1231,11,8721,12,5111,10,0201,08,6411,02,8991,02,65399,6741,26,4871,14,2171,16,532

* 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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