Godrej Agrovet Ltd

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

Godrej Agrovet Ltd

₹ 608 2.31%
01 Dec - 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 ₹ 11,708 Cr.
  • Current Price ₹ 608
  • High / Low ₹ 876 / 560
  • Stock P/E 26.9
  • Book Value ₹ 94.1
  • Dividend Yield 1.81 %
  • ROCE 16.6 %
  • ROE 17.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 54.4%

Cons

  • Stock is trading at 6.46 times its book value
  • The company has delivered a poor sales growth of 6.14% over past five years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -6.54%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,445 2,324 2,095 2,510 2,571 2,345 2,134 2,351 2,449 2,450 2,134 2,614 2,567
2,295 2,187 2,020 2,317 2,369 2,186 1,986 2,125 2,225 2,230 1,987 2,345 2,354
Operating Profit 150 136 75 193 201 159 148 226 223 220 147 270 213
OPM % 6% 6% 4% 8% 8% 7% 7% 10% 9% 9% 7% 10% 8%
13 84 23 32 20 21 20 25 25 22 25 24 18
Interest 26 25 27 29 28 25 25 30 40 34 29 35 40
Depreciation 46 47 48 53 53 53 56 55 58 57 56 58 57
Profit before tax 92 148 23 142 141 102 87 166 150 151 87 200 135
Tax % 24% 23% -4% 25% 26% 19% 25% 21% 36% 27% 24% 26% 38%
70 115 23 107 104 83 65 132 96 110 66 149 84
EPS in Rs 3.73 6.06 1.61 5.48 5.48 4.78 2.97 7.03 5.84 5.80 3.68 8.35 4.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,102 3,312 3,750 4,911 5,186 5,918 6,964 6,267 8,306 9,374 9,561 9,383 9,765
2,863 3,043 3,579 4,471 4,741 5,462 6,475 5,703 7,637 8,851 8,856 8,562 8,915
Operating Profit 240 269 171 440 445 456 489 564 669 523 704 821 850
OPM % 8% 8% 5% 9% 9% 8% 7% 9% 8% 6% 7% 9% 9%
36 104 315 95 58 154 49 90 109 139 90 93 90
Interest 40 65 98 86 45 34 42 46 63 99 108 133 138
Depreciation 28 37 52 75 86 98 148 154 173 185 214 226 228
Profit before tax 207 271 336 375 372 477 349 453 542 378 473 554 573
Tax % 24% 22% 22% 27% 32% 27% 14% 23% 23% 22% 24% 27%
157 210 261 273 251 349 301 348 419 295 359 403 409
EPS in Rs 118.36 22.69 28.19 13.44 11.94 17.13 15.94 16.33 20.96 15.71 18.71 22.35 22.64
Dividend Payout % 23% 114% 16% 33% 38% 26% 34% 49% 45% 60% 53% 49%
Compounded Sales Growth
10 Years: 11%
5 Years: 6%
3 Years: 4%
TTM: 5%
Compounded Profit Growth
10 Years: 9%
5 Years: 7%
3 Years: 1%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 8%
1 Year: -19%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 15%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 13 93 93 185 192 192 192 192 192 192 192 192 192
Reserves 505 548 690 824 1,219 1,457 1,646 1,859 2,076 2,145 2,324 2,189 1,618
620 685 1,372 664 410 398 651 1,007 1,599 1,433 1,416 1,396 2,159
435 417 957 1,535 1,714 2,183 2,183 1,721 1,689 1,673 1,734 1,729 2,136
Total Liabilities 1,573 1,742 3,111 3,208 3,535 4,230 4,672 4,779 5,556 5,444 5,667 5,505 6,105
594 693 1,507 1,473 1,492 2,051 2,178 2,298 2,407 2,568 2,806 2,912 2,884
CWIP 149 138 64 50 190 94 153 141 90 204 192 64 134
Investments 0 37 59 175 195 117 129 124 160 158 177 139 93
830 873 1,481 1,509 1,657 1,969 2,211 2,216 2,900 2,513 2,492 2,391 2,993
Total Assets 1,573 1,742 3,111 3,208 3,535 4,230 4,672 4,779 5,556 5,444 5,667 5,505 6,105

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
210 109 168 897 354 448 240 -2 -120 874 678 969
-190 -131 -428 -63 -253 -233 -255 -187 -208 -284 -327 -82
73 -79 278 -812 -125 -217 36 189 311 -594 -328 -901
Net Cash Flow 93 -101 18 22 -24 -2 21 -0 -17 -5 23 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 27 30 44 39 44 45 45 48 42 22 20 22
Inventory Days 47 54 83 71 70 72 60 78 83 66 70 66
Days Payable 33 30 42 81 82 99 87 58 40 35 32 47
Cash Conversion Cycle 40 54 85 29 31 18 17 68 84 54 58 42
Working Capital Days 33 49 -51 -26 -8 -3 -7 7 6 -4 1 -2
ROCE % 24% 24% 17% 19% 20% 18% 15% 16% 16% 10% 14% 17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.07% 74.06% 74.04% 74.05% 74.05% 74.05% 74.03% 74.02% 67.56% 67.56% 67.54% 67.54%
9.73% 9.70% 9.70% 9.55% 9.44% 9.43% 9.48% 7.48% 7.10% 7.55% 7.27% 7.21%
5.19% 5.01% 5.04% 5.09% 5.49% 5.09% 4.34% 5.88% 6.25% 5.45% 4.97% 5.18%
11.01% 11.23% 11.21% 11.31% 11.04% 11.44% 12.14% 12.61% 19.10% 19.47% 20.22% 20.08%
No. of Shareholders 1,11,8721,12,5111,10,0201,08,6411,02,8991,02,65399,6741,26,4871,14,2171,16,5321,18,7391,13,067

* 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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