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 ₹ 15,602 Cr.
- Current Price ₹ 812
- High / Low ₹ 842 / 446
- Stock P/E 43.4
- Book Value ₹ 131
- Dividend Yield 1.23 %
- ROCE 13.6 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 53.1%
- Debtor days have improved from 28.0 to 19.8 days.
- Company's working capital requirements have reduced from 53.4 days to 41.1 days
Cons
- Stock is trading at 6.20 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 3,102 | 3,312 | 3,750 | 4,911 | 5,186 | 5,918 | 6,964 | 6,267 | 8,306 | 9,374 | 9,561 | |
2,567 | 2,863 | 3,043 | 3,579 | 4,471 | 4,741 | 5,462 | 6,475 | 5,703 | 7,637 | 8,851 | 8,859 | |
Operating Profit | 194 | 240 | 269 | 171 | 440 | 445 | 456 | 489 | 564 | 669 | 523 | 701 |
OPM % | 7% | 8% | 8% | 5% | 9% | 9% | 8% | 7% | 9% | 8% | 6% | 7% |
11 | 36 | 104 | 315 | 95 | 58 | 154 | 49 | 90 | 109 | 139 | 93 | |
Interest | 49 | 40 | 65 | 98 | 86 | 45 | 34 | 42 | 46 | 63 | 99 | 108 |
Depreciation | 19 | 28 | 37 | 52 | 75 | 86 | 98 | 148 | 154 | 173 | 185 | 214 |
Profit before tax | 137 | 207 | 271 | 336 | 375 | 372 | 477 | 349 | 453 | 542 | 378 | 473 |
Tax % | 29% | 24% | 22% | 22% | 27% | 32% | 27% | 14% | 23% | 23% | 22% | 24% |
97 | 157 | 210 | 261 | 273 | 251 | 349 | 301 | 348 | 419 | 295 | 359 | |
EPS in Rs | 73.04 | 118.36 | 22.69 | 28.19 | 13.44 | 11.94 | 17.13 | 15.94 | 16.33 | 20.96 | 15.71 | 18.71 |
Dividend Payout % | 26% | 23% | 114% | 16% | 33% | 38% | 26% | 34% | 49% | 45% | 60% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 15% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 8% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 400 | 505 | 548 | 690 | 824 | 1,219 | 1,457 | 1,646 | 1,859 | 2,076 | 2,145 | 2,324 |
479 | 620 | 685 | 1,372 | 664 | 410 | 398 | 651 | 1,024 | 1,599 | 1,433 | 1,416 | |
320 | 435 | 417 | 957 | 1,535 | 1,714 | 2,183 | 2,183 | 1,705 | 1,689 | 1,673 | 1,771 | |
Total Liabilities | 1,212 | 1,573 | 1,742 | 3,111 | 3,208 | 3,535 | 4,230 | 4,672 | 4,779 | 5,556 | 5,444 | 5,703 |
430 | 594 | 693 | 1,507 | 1,473 | 1,492 | 2,051 | 2,156 | 2,281 | 2,407 | 2,568 | 2,825 | |
CWIP | 125 | 149 | 138 | 64 | 50 | 190 | 94 | 153 | 141 | 90 | 204 | 173 |
Investments | 0 | 0 | 37 | 59 | 175 | 195 | 117 | 129 | 124 | 160 | 158 | 177 |
657 | 830 | 873 | 1,481 | 1,509 | 1,657 | 1,969 | 2,233 | 2,234 | 2,900 | 2,513 | 2,529 | |
Total Assets | 1,212 | 1,573 | 1,742 | 3,111 | 3,208 | 3,535 | 4,230 | 4,672 | 4,779 | 5,556 | 5,444 | 5,703 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 210 | 109 | 168 | 897 | 354 | 448 | 240 | -10 | -120 | 874 | 678 | |
-167 | -190 | -131 | -428 | -63 | -253 | -233 | -255 | -179 | -208 | -284 | -327 | |
125 | 73 | -79 | 278 | -812 | -125 | -217 | 36 | 189 | 311 | -594 | -328 | |
Net Cash Flow | 2 | 93 | -101 | 18 | 22 | -24 | -2 | 21 | -0 | -17 | -5 | 23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 27 | 30 | 44 | 39 | 44 | 45 | 45 | 48 | 42 | 22 | 20 |
Inventory Days | 45 | 47 | 54 | 83 | 71 | 70 | 72 | 60 | 78 | 83 | 66 | 70 |
Days Payable | 30 | 33 | 30 | 42 | 81 | 82 | 99 | 87 | 62 | 40 | 35 | 32 |
Cash Conversion Cycle | 40 | 40 | 54 | 85 | 29 | 31 | 18 | 17 | 64 | 84 | 54 | 58 |
Working Capital Days | 35 | 33 | 49 | 72 | 22 | 20 | 17 | 23 | 57 | 73 | 46 | 41 |
ROCE % | 24% | 24% | 17% | 19% | 20% | 18% | 15% | 16% | 16% | 10% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Update On Family Settlement Agreement Dated April 30, 2024 Under Regulation 30 And 30(7) Of SEBI (LODR) Regulations, 2015 26 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Jun - Publication dated June 26, 2024, issued for providing general information to the Shareholders of Godrej Agrovet Limited, on the Thirty-Third Annual General Meeting scheduled to …
- Update On Approval Received By Godrej Family From The Competition Commission Of India For The Family Re-Alignment 19 Jun
-
Announcement under Regulation 30 (LODR)-Credit Rating
30 May - ICRA Limited vide its letter dated May 30 ,2024 has re-affirmed its short term and long term ratings.
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]