Godrej Agrovet Ltd

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

Godrej Agrovet Ltd

₹ 774 2.39%
04 Dec 2:05 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) 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 ₹ 14,881 Cr.
  • Current Price ₹ 774
  • High / Low ₹ 878 / 476
  • Stock P/E 36.9
  • Book Value ₹ 122
  • Dividend Yield 1.32 %
  • ROCE 18.2 %
  • ROE 16.5 %
  • Face Value ₹ 10.0
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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

* 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

Part of BSE 250 SmallCap Index Nifty Smallcap 250 BSE 400 MidSmallCap Index BSE Fast Moving Consumer Goods Nifty MidSmallcap 400

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,690 1,544 1,400 1,850 1,798 1,741 1,496 1,820 1,951 1,820 1,497 1,741 1,848
1,533 1,447 1,315 1,732 1,672 1,629 1,428 1,669 1,776 1,659 1,407 1,527 1,627
Operating Profit 157 97 85 117 126 111 69 151 174 161 90 214 222
OPM % 9% 6% 6% 6% 7% 6% 5% 8% 9% 9% 6% 12% 12%
9 41 45 7 14 99 10 12 46 11 7 18 12
Interest 11 11 11 14 18 16 16 18 17 14 13 19 27
Depreciation 23 24 24 24 25 25 26 30 29 29 32 30 31
Profit before tax 133 104 96 86 98 169 36 115 174 129 51 183 175
Tax % 25% 18% 16% 26% 25% 19% 15% 25% 22% 24% 29% 25% 24%
100 85 81 64 73 136 31 86 136 98 36 136 132
EPS in Rs 5.18 4.41 4.19 3.32 3.80 7.09 1.59 4.48 7.09 5.12 1.90 7.09 6.86
Raw PDF

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 TTM
2,761 3,099 3,307 3,366 3,618 3,675 4,337 5,119 4,413 6,183 6,884 7,088 6,907
2,566 2,860 3,036 3,074 3,293 3,336 4,007 4,697 4,040 5,692 6,462 6,507 6,219
Operating Profit 195 239 270 292 325 339 330 422 373 491 423 581 687
OPM % 7% 8% 8% 9% 9% 9% 8% 8% 8% 8% 6% 8% 10%
11 17 85 54 72 28 58 41 101 105 130 72 48
Interest 48 40 65 91 68 32 22 24 36 42 64 63 73
Depreciation 19 27 37 44 49 53 59 80 85 93 100 121 124
Profit before tax 139 189 253 211 281 281 307 359 353 460 389 470 538
Tax % 30% 27% 24% 24% 26% 32% 32% 18% 21% 22% 22% 24%
97 138 193 160 208 191 208 293 279 360 304 357 403
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 20.97
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: -1%
Compounded Profit Growth
10 Years: 10%
5 Years: 14%
3 Years: 9%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 13%
1 Year: 47%
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 Sep 2024
Equity Capital 13 13 93 93 185 192 192 192 192 192 192 192 192
Reserves 406 473 499 605 717 1,097 1,199 1,386 1,564 1,771 1,890 2,067 2,150
475 620 685 1,224 483 217 111 410 729 1,038 841 689 1,278
330 438 418 462 1,008 1,060 1,383 1,255 749 825 823 959 1,037
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 4,656
314 453 531 682 700 690 834 899 1,011 1,003 1,175 1,296 1,317
CWIP 125 149 138 37 30 114 63 121 15 62 63 22 24
Investments 132 99 149 482 506 532 547 592 596 686 755 772 1,093
653 843 875 1,183 1,158 1,228 1,441 1,631 1,611 2,074 1,753 1,818 2,222
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 4,656

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.64% 71.64% 73.70% 74.07% 74.07% 74.06% 74.04% 74.05% 74.05% 74.05% 74.03% 74.02%
2.86% 2.43% 1.48% 1.64% 9.73% 9.70% 9.70% 9.55% 9.44% 9.43% 9.48% 7.48%
1.37% 1.61% 2.89% 5.17% 5.19% 5.01% 5.04% 5.09% 5.49% 5.09% 4.34% 5.88%
24.13% 24.33% 21.92% 19.12% 11.01% 11.23% 11.21% 11.31% 11.04% 11.44% 12.14% 12.61%
No. of Shareholders 1,00,7671,03,4761,08,4151,12,1231,11,8721,12,5111,10,0201,08,6411,02,8991,02,65399,6741,26,487

* 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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