Godrej Agrovet Ltd

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

Godrej Agrovet Ltd

₹ 544 -4.06%
06 Aug 12:50 p.m.
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] [2]
a) Animal Nutrition (46% in FY26 vs 48% in FY25): [3] [4] [5]
The company is among India’s largest organised animal feed manufacturers, offering a diversified portfolio of cattle, layer, broiler, shrimp, fish and other animal feed products. It also has a presence in Bangladesh through its JV, ACI Godrej Agrovet Pvt Ltd. During FY26, the company introduced Dhanalaxmi G, a premium cattle feed targeted at high-yielding cattle, and Bypro Plus, an advanced high-protein formulation. The company’s sales volume in this segment increased from 14,75,144 tonnes in FY25 to 16,46,545 tonnes in FY26.

Website BSE NSE
  • Market Cap ₹ 10,464 Cr.
  • Current Price ₹ 544
  • High / Low ₹ 834 / 506
  • Stock P/E 22.3
  • Book Value ₹ 106
  • Dividend Yield 2.03 %
  • ROCE 19.2 %
  • ROE 20.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 49.1%

Cons

  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Promoter holding has decreased over last 3 years: -6.29%

* 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 Fast Moving Consumer Goods BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Smallcap250 Momentum Quality 100 BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2,510 2,571 2,345 2,134 2,351 2,449 2,450 2,134 2,614 2,567 2,718 2,333 2,855
2,317 2,369 2,186 1,986 2,125 2,225 2,230 1,987 2,345 2,354 2,477 2,194 2,615
Operating Profit 193 201 159 148 226 223 220 147 270 213 242 139 240
OPM % 8% 8% 7% 7% 10% 9% 9% 7% 10% 8% 9% 6% 8%
32 20 21 20 25 25 22 25 24 18 -5 78 27
Interest 29 28 25 25 30 40 34 29 35 40 35 29 30
Depreciation 53 53 53 56 55 58 57 56 58 57 56 58 57
Profit before tax 142 141 102 87 166 150 151 87 200 135 146 130 181
Tax % 25% 26% 19% 25% 21% 36% 27% 24% 26% 38% 25% 21% 29%
107 104 83 65 132 96 110 66 149 84 110 102 128
EPS in Rs 5.48 5.48 4.78 2.97 7.03 5.84 5.80 3.68 8.35 4.81 5.97 5.45 6.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
3,312 3,750 4,911 5,186 5,918 6,964 6,267 8,306 9,374 9,561 9,383 10,233 10,474
3,043 3,579 4,471 4,741 5,462 6,475 5,703 7,637 8,851 8,856 8,562 9,369 9,640
Operating Profit 269 171 440 445 456 489 564 669 523 704 821 864 834
OPM % 8% 4.6% 9% 9% 8% 7% 9% 8% 6% 7% 9% 8% 8%
104 315 95 58 154 49 90 109 139 90 93 116 119
Interest 65 98 86 45 34 42 46 63 99 108 133 138 133
Depreciation 37 52 75 86 98 148 154 173 185 214 226 229 228
Profit before tax 271 336 375 372 477 349 453 542 378 473 554 612 593
Tax % 22% 22% 27% 32% 27% 14% 23% 23% 22% 24% 27% 27%
210 261 273 251 349 301 348 419 295 359 403 445 425
EPS in Rs 22.69 28.19 13.44 11.94 17.13 15.94 16.33 20.96 15.71 18.71 22.35 24.58 23.22
Dividend Payout % 114% 16% 33% 38% 26% 34% 49% 45% 60% 53% 49% 45%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 3%
TTM: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: 8%
3 Years: 23%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 5%
1 Year: -32%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 548 690 824 1,219 1,457 1,646 1,859 2,076 2,145 2,324 2,189 1,840
685 1,372 664 410 398 651 1,007 1,599 1,433 1,416 1,396 1,574
417 957 1,535 1,714 2,183 2,183 1,721 1,689 1,673 1,734 1,729 2,555
Total Liabilities 1,742 3,111 3,208 3,535 4,230 4,672 4,779 5,556 5,444 5,667 5,505 6,161
693 1,507 1,473 1,492 2,051 2,178 2,298 2,407 2,568 2,806 2,912 2,803
CWIP 138 64 50 190 94 153 141 90 204 192 64 201
Investments 37 59 175 195 117 129 124 160 158 177 139 115
873 1,481 1,509 1,657 1,969 2,211 2,216 2,900 2,513 2,492 2,391 3,042
Total Assets 1,742 3,111 3,208 3,535 4,230 4,672 4,779 5,556 5,444 5,667 5,505 6,161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
109 168 897 354 448 240 -2 -120 874 678 969 1,281
-131 -428 -63 -253 -233 -255 -187 -208 -284 -327 -82 -150
-79 278 -812 -125 -217 36 189 311 -594 -328 -901 -869
Net Cash Flow -101 18 22 -24 -2 21 -0 -17 -5 23 -13 262
Free Cash Flow -1 43 702 109 207 -18 -251 -388 595 301 758 1,047
CFO/OP 61% 125% 222% 98% 122% 69% 20% 5% 185% 114% 136% 167%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 30 44 39 44 45 45 48 42 22 20 22 24
Inventory Days 54 83 71 70 72 60 78 83 66 70 66 65
Days Payable 30 42 81 82 99 87 58 40 35 32 47 80
Cash Conversion Cycle 54 85 29 31 18 17 68 84 54 58 42 10
Working Capital Days 49 -51 -26 -8 -3 -7 7 6 -4 1 -2 -17
ROCE % 24% 17% 19% 20% 18% 15% 16% 16% 10% 14% 17% 19%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Animal Feed Sales Volume
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Creamline Dairy Value-Added Products (VAP) Salience
%
Cattle Feed Volume Growth
%
Oil Palm Fresh Fruit Bunches (FFB) Volume Processed
tons
Crop Protection Distributors (Pan-India Network)
number
Godrej Foods Branded Salience
%
Astec LifeSciences Exports Share of Revenue
%

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.05% 74.05% 74.05% 74.03% 74.02% 67.56% 67.56% 67.54% 67.54% 67.65% 67.75% 67.75%
9.55% 9.44% 9.43% 9.48% 7.48% 7.10% 7.55% 7.27% 7.21% 6.29% 6.32% 6.48%
5.09% 5.49% 5.09% 4.34% 5.88% 6.25% 5.45% 4.97% 5.18% 5.38% 5.86% 5.28%
11.31% 11.04% 11.44% 12.14% 12.61% 19.10% 19.47% 20.22% 20.08% 20.69% 20.08% 20.49%
No. of Shareholders 1,08,6411,02,8991,02,65399,6741,26,4871,14,2171,16,5321,18,7391,13,0671,16,0981,11,3651,14,250

* 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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