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 ₹ 15,977 Cr.
- Current Price ₹ 831
- High / Low ₹ 878 / 446
- Stock P/E 44.6
- Book Value ₹ 118
- Dividend Yield 1.20 %
- ROCE 18.2 %
- ROE 16.5 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 54.9%
- Debtor days have improved from 27.8 to 17.9 days.
- Company's working capital requirements have reduced from 49.4 days to 33.3 days
Cons
- Stock is trading at 7.08 times its book value
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,761 | 3,099 | 3,307 | 3,366 | 3,618 | 3,675 | 4,337 | 5,119 | 4,413 | 6,183 | 6,884 | 7,088 | |
2,566 | 2,860 | 3,036 | 3,074 | 3,293 | 3,336 | 4,007 | 4,697 | 4,040 | 5,692 | 6,462 | 6,507 | |
Operating Profit | 195 | 239 | 270 | 292 | 325 | 339 | 330 | 422 | 373 | 491 | 423 | 581 |
OPM % | 7% | 8% | 8% | 9% | 9% | 9% | 8% | 8% | 8% | 8% | 6% | 8% |
11 | 17 | 85 | 54 | 72 | 28 | 58 | 41 | 101 | 105 | 130 | 72 | |
Interest | 48 | 40 | 65 | 91 | 68 | 32 | 22 | 24 | 36 | 42 | 64 | 63 |
Depreciation | 19 | 27 | 37 | 44 | 49 | 53 | 59 | 80 | 85 | 93 | 100 | 121 |
Profit before tax | 139 | 189 | 253 | 211 | 281 | 281 | 307 | 359 | 353 | 460 | 389 | 470 |
Tax % | 30% | 27% | 24% | 24% | 26% | 32% | 32% | 18% | 21% | 22% | 22% | 24% |
97 | 138 | 193 | 160 | 208 | 191 | 208 | 293 | 279 | 360 | 304 | 357 | |
EPS in Rs | 73.48 | 104.17 | 20.82 | 17.30 | 11.23 | 9.94 | 10.83 | 15.27 | 14.53 | 18.75 | 15.80 | 18.58 |
Dividend Payout % | 26% | 26% | 124% | 26% | 40% | 45% | 42% | 36% | 55% | 51% | 60% | 54% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 17% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 9% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 9% |
1 Year: | 71% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 93 | 93 | 185 | 192 | 192 | 192 | 192 | 192 | 192 | 192 |
Reserves | 406 | 473 | 499 | 605 | 717 | 1,097 | 1,199 | 1,386 | 1,564 | 1,771 | 1,890 | 2,067 |
475 | 620 | 685 | 1,224 | 483 | 217 | 111 | 410 | 729 | 1,038 | 841 | 689 | |
330 | 438 | 418 | 462 | 1,008 | 1,060 | 1,383 | 1,255 | 749 | 825 | 823 | 959 | |
Total Liabilities | 1,224 | 1,544 | 1,694 | 2,383 | 2,394 | 2,565 | 2,885 | 3,243 | 3,233 | 3,826 | 3,746 | 3,907 |
314 | 453 | 531 | 682 | 700 | 690 | 834 | 899 | 1,011 | 1,003 | 1,175 | 1,296 | |
CWIP | 125 | 149 | 138 | 37 | 30 | 114 | 63 | 121 | 15 | 62 | 63 | 22 |
Investments | 132 | 99 | 149 | 482 | 506 | 532 | 547 | 592 | 596 | 686 | 755 | 772 |
653 | 843 | 875 | 1,183 | 1,158 | 1,228 | 1,441 | 1,631 | 1,611 | 2,074 | 1,753 | 1,818 | |
Total Assets | 1,224 | 1,544 | 1,694 | 2,383 | 2,394 | 2,565 | 2,885 | 3,243 | 3,233 | 3,826 | 3,746 | 3,907 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
67 | 190 | 69 | 43 | 801 | 241 | 363 | 58 | -100 | 16 | 734 | 593 | |
-171 | -178 | -132 | -421 | -50 | -170 | -129 | -183 | -53 | -136 | -210 | -152 | |
106 | 80 | -38 | 386 | -734 | -97 | -232 | 143 | 154 | 106 | -531 | -416 | |
Net Cash Flow | 3 | 92 | -101 | 8 | 18 | -26 | 1 | 18 | 1 | -14 | -7 | 25 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 24 | 26 | 29 | 40 | 41 | 49 | 50 | 51 | 54 | 41 | 25 | 18 |
Inventory Days | 43 | 46 | 54 | 72 | 74 | 72 | 73 | 54 | 75 | 78 | 56 | 63 |
Days Payable | 30 | 33 | 30 | 32 | 96 | 91 | 115 | 83 | 47 | 32 | 29 | 29 |
Cash Conversion Cycle | 37 | 39 | 54 | 79 | 19 | 29 | 7 | 21 | 81 | 87 | 52 | 52 |
Working Capital Days | 35 | 34 | 50 | 70 | 14 | 19 | 8 | 27 | 72 | 72 | 43 | 33 |
ROCE % | 30% | 23% | 24% | 17% | 18% | 22% | 20% | 22% | 17% | 18% | 13% | 18% |
Documents
Announcements
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 19 Jul
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 19 Jul
- Intimation Under Regulations 30 And 30(7) Of The SEBI (LODR) Regulations, 2015 - Update On Family Settlement Agreement 18 Jul
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 15 Jul
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 Jul
Annual reports
Concalls
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Animal Feed Business (50% of FY23 revenues) It is the #1 compound feed player of India & Bangladesh, with presence across cattle, poultry and aqua feed.[1] It owns 30+ manufacturing plants.[2] and also has presence in the animal feed industry in Bangladesh through its joint venture ACI Godrej Agrovet Pvt Ltd [3][4]