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Godrej Agrovet

₹558.7 3.8 | 0.7%

Market Cap ₹10741 Cr.

Stock P/E 29.9

P/B 4.3

Current Price ₹558.7

Book Value ₹ 130.9

Face Value 10

52W High ₹593.8

Dividend Yield 1.79%

52W Low ₹ 419.1

Godrej Agrovet Research see more...

Overview Inc. Year: 1991Industry: Animal Feed

Godrej Agrovet Ltd is an India-based agribusiness company. The Company engages in animal feed, oil palm plantations, agrochemicals, chicken. It focuses to enhancing the productivity of Indian farmers by services and products that grow crop and farm animals yields. The Company offers Dripzyme, a way of drip irrigation. Dripzyme enables in increase of extra branches, flower and fruit buds. The Company facilitates in developing a root system giving plant life extra to nutrients and water within the soil thereby enhancing the nutritional value of the yield. The Company operates crop protection, godrej tyson foods, aci godrej agrovet, creamline dairy products and astec lifesciences.

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Godrej Agrovet Share Price

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Peer Comparison

Godrej Agrovet Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 2078 2081 2510 2445 2324 2095 2510 2571 2345 2134
Other Income 10 53 8 9 78 13 12 11 8 10
Total Income 2089 2134 2518 2454 2402 2108 2522 2582 2354 2144
Total Expenditure 1942 1912 2348 2295 2187 2020 2317 2369 2186 1986
Operating Profit 147 222 169 159 215 87 204 213 167 158
Interest 16 18 22 26 25 27 29 28 25 25
Depreciation 44 46 45 46 47 48 53 53 53 56
Exceptional Income / Expenses -17 0 0 0 0 0 0 0 0 0
Profit Before Tax 68 159 103 87 143 13 122 132 89 77
Provision for Tax 18 35 28 22 33 -1 35 37 19 22
Profit After Tax 51 124 75 65 110 13 87 95 70 55
Adjustments 14 -2 8 6 7 18 18 10 22 2
Profit After Adjustments 65 122 83 72 116 31 105 105 92 57
Adjusted Earnings Per Share 3.4 6.4 4.3 3.7 6.1 1.6 5.5 5.5 4.8 3

Godrej Agrovet Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 3795 4298 4911 5186 5918 6965 6268 8306 9374 9560
Other Income 15 55 59 32 53 47 40 80 111 41
Total Income 3810 4353 4970 5217 5971 7011 6307 8386 9485 9602
Total Expenditure 3491 3969 4473 4743 5462 6476 5704 7641 8855 8858
Operating Profit 319 383 497 475 509 535 603 745 630 742
Interest 33 61 86 45 34 42 46 63 99 107
Depreciation 46 62 75 86 98 148 154 173 185 215
Exceptional Income / Expenses 35 -6 20 12 88 -10 0 -17 0 0
Profit Before Tax 274 254 375 372 477 349 453 542 378 420
Provision for Tax 63 69 102 121 128 48 106 122 82 113
Profit After Tax 211 185 273 251 349 301 348 419 295 307
Adjustments 3 5 -24 -22 -20 6 -34 -17 7 52
Profit After Adjustments 214 189 249 229 329 306 314 403 302 359
Adjusted Earnings Per Share 11.6 10.2 13.4 11.9 17.1 15.9 16.3 21 15.7 18.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 10% 13% 0%
Operating Profit CAGR -15% 6% 6% 0%
PAT CAGR -30% -1% 3% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 32% 3% 2% NA%
ROE Average 13% 17% 18% 24%
ROCE Average 13% 16% 18% 22%

Godrej Agrovet Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 635 769 1009 1411 1649 1838 2051 2268 2338
Minority's Interest 0 133 254 269 401 382 410 420 406
Borrowings 114 46 21 14 64 43 149 47 55
Other Non-Current Liabilities 58 121 215 187 232 199 197 185 267
Total Current Liabilities 1005 1981 1709 1653 1884 2210 1972 2636 2378
Total Liabilities 1813 3051 3208 3535 4230 4672 4779 5557 5444
Fixed Assets 616 1225 1477 1496 2070 2178 2298 2407 2568
Other Non-Current Assets 247 250 308 461 289 361 337 353 571
Total Current Assets 950 1576 1422 1578 1871 2132 2144 2796 2305
Total Assets 1813 3051 3208 3535 4230 4672 4779 5557 5444

Godrej Agrovet Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 120 16 31 54 30 28 49 49 31
Cash Flow from Operating Activities 78 159 897 354 448 240 -10 -120 874
Cash Flow from Investing Activities -175 -520 -63 -253 -237 -255 -179 -208 -284
Cash Flow from Financing Activities -7 369 -812 -125 -217 36 189 311 -594
Net Cash Inflow / Outflow -104 9 22 -24 -6 21 -0 -17 -5
Closing Cash & Cash Equivalent 16 39 54 30 28 49 49 31 27

Godrej Agrovet Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 11.56 10.23 13.44 11.94 17.13 15.94 16.33 20.96 15.71
CEPS(Rs) 13.89 13.34 18.77 17.55 23.3 23.36 26.11 30.84 25.02
DPS(Rs) 1.85 2.22 0 4.5 4.5 5.5 8 9.5 9.5
Book NAV/Share(Rs) 29.21 35.8 54.4 73.41 85.72 95.5 106.56 117.81 121.34
Core EBITDA Margin(%) 8.01 7.64 8.89 8.51 7.39 6.82 8.74 7.77 5.36
EBIT Margin(%) 8.1 7.32 9.36 8.01 8.29 5.45 7.74 7.06 4.92
Pre Tax Margin(%) 7.22 5.89 7.6 7.14 7.74 4.86 7.02 6.33 3.9
PAT Margin (%) 5.56 4.29 5.54 4.82 5.66 4.19 5.39 4.9 3.05
Cash Profit Margin (%) 6.77 5.74 7.06 6.47 7.25 6.26 7.77 6.92 4.97
ROA(%) 11.65 7.59 8.72 7.45 9 6.75 7.35 8.11 5.37
ROE(%) 39.05 30.69 32.69 20.77 22.86 17.27 17.91 19.45 12.86
ROCE(%) 31.75 22.77 26.56 23.87 26.43 17.24 18.1 17.59 12.73
Receivable days 27.46 32.73 37.34 40.05 40.1 40.44 47.4 37.82 28.75
Inventory Days 42.67 50.43 54.95 52.62 49.16 45.46 52.81 51.36 52.27
Payable days 28.56 31.97 30.95 31.89 29.82 26.27 36.35 34.29 34.02
PER(x) 0 0 0 53.38 29.72 23.1 32.11 21.1 26.27
Price/Book(x) 0 0 0 8.68 5.94 3.86 4.92 3.75 3.4
Dividend Yield(%) 0 0 0 0.71 0.88 1.49 1.53 2.15 2.3
EV/Net Sales(x) 0.11 0.25 0.16 2.43 1.71 1.1 1.76 1.21 0.98
EV/Core EBITDA(x) 1.28 2.82 1.58 26.56 19.94 14.32 18.25 13.46 14.63
Net Sales Growth(%) 0 13.26 14.26 5.59 14.12 17.69 -10.01 32.52 12.85
EBIT Growth(%) 0 2.45 46.36 -9.51 27.49 -23.66 28.01 34.57 -21.14
PAT Growth(%) 0 -12.55 47.78 -8.02 48.68 -13.96 15.63 40.97 -29.53
EPS Growth(%) 0 -11.48 31.32 -11.19 43.55 -6.95 2.45 28.29 -25.03
Debt/Equity(x) 0.62 1.55 0.66 0.29 0.24 0.35 0.48 0.69 0.57
Current Ratio(x) 0.94 0.8 0.83 0.95 0.99 0.96 1.09 1.06 0.97
Quick Ratio(x) 0.5 0.42 0.4 0.49 0.52 0.56 0.59 0.52 0.4
Interest Cover(x) 9.18 5.14 5.34 9.2 15.08 9.37 10.75 9.59 4.81
Total Debt/Mcap(x) 0 0 0 0.03 0.04 0.09 0.1 0.18 0.17

Godrej Agrovet Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 71.64 71.64 73.7 74.07 74.07 74.07 74.05 74.05 74.05 74.05
FII 2.86 2.43 1.48 1.64 1.58 1.55 1.56 1.77 1.66 1.65
DII 1.37 1.61 2.89 5.17 13.34 13.16 13.19 12.87 13.26 12.87
Public 24.13 24.33 21.92 19.13 11.01 11.22 11.21 11.32 11.03 11.44
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 34.29 to 34.02days.

Cons

  • Stock is trading at 4.3 times its book value.
  • The company has delivered a poor profit growth of 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.

Godrej Agrovet News

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