Is Godrej Agrovet a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Godrej Agrovet Ltd is a good quality company .

Is Godrej Agrovet undervalued or overvalued?

The key valuation ratios of Godrej Agrovet Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Godrej Agrovet share price return in the past 10 years?

Data is not available for this company

Is Godrej Agrovet a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Godrej Agrovet Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Godrej Agrovet Ltd - Stock Valuation and Financial Performance

Name: Godrej Agrovet
Brand: Godrej Agrovet

BSE: 540743 | NSE: GODREJAGRO | Animal Feed | Small Cap

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Godrej Agrovet Share Price

₹714.55 -12.15 -1.67%
as on 21-Nov'24 16:00

10 Year X-Ray of Godrej Agrovet:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	31.8%	22.8%	26.6%	23.9%	26.4%	17.2%	18.1%	17.6%	12.7%	15.5%	-
Value Creation Index ⓘ	1.4	0.7	1.0	0.8	1.0	0.3	0.3	0.3	-0.1	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,795	4,298	4,911	5,186	5,918	6,965	6,268	8,306	9,374	9,561	9,246
Sales YoY Gr.	-	13.3%	14.3%	5.6%	14.1%	17.7%	-10%	32.5%	12.9%	2%	-
Adj EPS ⓘ	10.3	9.2	11.8	11.3	13	16.3	16.2	21.3	12.9	18.6	20.6
YoY Gr.	-	-10.8%	27.6%	-4.1%	14.9%	25.7%	-0.6%	31.3%	-39.1%	43.9%	-
BVPS (₹) ⓘ	29.2	35.8	54.4	73.4	85.7	95.5	106.6	117.8	121.3	130.6	123.3
Adj Net Profit ⓘ	191	170	217	216	249	313	311	408	249	358	396
Cash Flow from Ops. ⓘ	78.1	159	897	354	448	240	-10.4	-120	874	678	-
Debt/CF from Ops. ⓘ	4.3	6.5	0.7	1.2	0.9	2.7	-94.8	-13	1.5	1.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.8%	10.1%	15.1%	2%
Adj EPS ⓘ	6.8%	7.5%	4.8%	43.9%
BVPSⓘ	18.1%	8.8%	7%	7.6%
Share Price	-	8.5%	7.1%	46.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	30.1	24.3	24.5	17.9	16.3	17.9	16	18.9	10.8	14.7	16.3
Op. Profit Mgn % ⓘ	8.1	7.7	9	8.6	7.7	7	9	8.1	5.5	7.4	8.2
Net Profit Mgn % ⓘ	5	3.9	4.9	4.6	4.5	4.4	5.5	5.1	2.6	3.7	4.3
Debt to Equity ⓘ	0.6	1.6	0.7	0.3	0.2	0.4	0.5	0.7	0.6	0.5	0.1
Working Cap Days ⓘ	0	105	111	107	105	104	122	107	101	90	48
Cash Conv. Cycle ⓘ	0	58	66	66	64	64	71	61	53	42	-1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.20%

Sales growth is growing at healthy rate in last 3 years 15.11%

Debt to equity has declined versus last 3 years average to 0.52

Net Profit has been subdued in last 3 years 4.77%

Sales growth is not so good in last 4 quarters at -2.21%

Latest Financials - Godrej Agrovet Ltd.

	Standalone	Consolidated
TTM EPS (₹)	21	20.6
TTM Sales (₹ Cr.)	6,881	9,246
BVPS (₹.) ⓘ	121.8	123.3
Reserves (₹ Cr.) ⓘ	2,150	2,178
P/BV ⓘ	5.97	5.90
PE ⓘ	34.65	35.24

From the Market
52 Week Low / High (₹)	475.70 / 877.85
All Time Low / High (₹)	265.05 / 877.85
Market Cap (₹ Cr.)	13,972
Equity (₹ Cr.)	192.3
Face Value (₹)	10
Industry PE ⓘ	34.8

Management X-Ray of Godrej Agrovet:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Godrej Agrovet

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Godrej Agrovet

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,795	4,298	4,911	5,186	5,918	6,965	6,268	8,306	9,374	9,561
Operating Expenses ⓘ	3,491	3,969	4,473	4,743	5,462	6,476	5,704	7,641	8,855	8,859
Manufacturing Costs	135	178	206	241	261	374	359	445	530	549
Material Costs	2,816	3,142	3,791	3,970	4,574	5,376	4,608	6,305	7,389	7,244
Employee Cost	147	168	233	276	294	354	376	439	453	539
Other Costs ⓘ	393	482	244	255	333	373	360	451	482	528
Operating Profit ⓘ	304	329	438	443	456	488	564	665	519	701
Operating Profit Margin (%)	8.0%	7.6%	8.9%	8.5%	7.7%	7.0%	9.0%	8.0%	5.5%	7.3%
Other Income ⓘ	15	55	59	32	53	47	40	80	111	41
Interest ⓘ	33	61	86	45	34	42	46	63	99	108
Depreciation ⓘ	46	62	75	86	98	148	154	173	185	214
Exceptional Items ⓘ	35	-6	20	12	88	-10	0	-17	0	0
Profit Before Tax ⓘ	274	254	375	372	477	349	453	542	378	473
Tax ⓘ	63	69	102	121	128	48	106	122	82	113
Profit After Tax	211	185	273	251	349	301	348	419	295	359
PAT Margin (%)	5.6%	4.3%	5.6%	4.8%	5.9%	4.3%	5.5%	5.0%	3.2%	3.8%
Adjusted EPS (₹)	11.6	10.2	13.4	11.9	17.1	15.9	16.3	21.0	15.7	18.7
Dividend Payout Ratio (%)	16%	22%	0%	38%	26%	35%	49%	45%	60%	53%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	541	663	1,007	1,410	1,646	1,834	2,047	2,263	2,332	2,510
Share Capital ⓘ	93	93	185	192	192	192	192	192	192	192
Reserves ⓘ	448	570	822	1,218	1,454	1,642	1,855	2,071	2,140	2,318
Minority Interest	0	133	254	269	401	382	410	420	406	404
Debt	332	939	660	403	388	618	943	1,501	1,230	1,261
Long Term Debt	114	46	21	14	64	43	149	47	55	293
Short Term Debt	218	892	639	389	324	576	794	1,454	1,176	968
Trade Payables	641	785	841	897	1,240	1,289	778	695	704	628
Others Liabilities ⓘ	298	531	446	556	555	549	602	677	771	864
Total Liabilities ⓘ	1,813	3,051	3,208	3,535	4,230	4,672	4,779	5,557	5,444	5,667
Fixed Assets
Gross Block	834	1,670	1,610	1,718	2,389	2,624	2,891	3,163	3,502	3,938
Accumulated Depreciation	217	446	133	221	319	445	593	756	935	1,131
Net Fixed Assetsⓘ	616	1,225	1,477	1,496	2,070	2,178	2,298	2,407	2,568	2,806
CWIP ⓘ	175	126	50	190	94	153	141	90	204	192
Investmentsⓘ	90	95	175	195	117	129	124	160	158	177
Inventories	444	745	738	763	899	887	980	1,429	1,344	1,383
Trade Receivables	286	486	522	620	735	853	823	951	574	519
Cash Equivalents	17	41	62	32	30	51	51	35	30	53
Others Assetsⓘ	185	332	182	238	287	421	362	485	565	537
Total Assets ⓘ	1,813	3,051	3,208	3,535	4,230	4,672	4,779	5,557	5,444	5,667

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	78	159	897	354	448	240	-10	-120	874	678
PBT ⓘ	274	254	375	372	477	349	453	542	378	473
Adjustment ⓘ	48	94	91	113	17	208	190	200	198	282
Changes in Working Capital ⓘ	-186	-140	512	-47	63	-220	-541	-709	392	47
Tax Paid ⓘ	-58	-48	-80	-84	-110	-97	-112	-153	-93	-124
Cash Flow From Investing Activity ⓘ	-175	-520	-63	-253	-237	-255	-179	-208	-284	-327
Capex	-154	-156	-195	-245	-241	-258	-241	-268	-279	-377
Net Investments	-13	-304	87	-5	-5	0	-1	-17	7	0
Others ⓘ	-8	-59	45	-3	8	3	63	76	-12	49
Cash Flow From Financing Activityⓘ	-7	369	-812	-125	-217	36	189	311	-594	-328
Net Proceeds from Shares ⓘ	0	4	0	317	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-92	-15	-43	-11	10	-17	139	-82	34	195
Interest Paid ⓘ	-35	-60	-86	-45	-35	-39	-43	-60	-96	-101
Dividend Paid ⓘ	-71	-45	0	-87	-89	-89	-112	-159	-184	-184
Others ⓘ	191	486	-683	-299	-102	182	205	612	-349	-237
Net Cash Flow ⓘ	-104	9	22	-24	-6	21	0	-17	-5	23

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	39.05	30.69	32.69	20.77	22.86	17.27	17.91	19.45	12.86	14.85
ROCE (%)	31.75	22.77	26.56	23.87	26.43	17.24	18.1	17.59	12.73	15.51
Asset Turnover Ratio	2.09	1.77	1.57	1.54	1.59	1.61	1.37	1.66	1.76	1.79
PAT to CFO Conversion(x)	0.37	0.86	3.29	1.41	1.28	0.8	-0.03	-0.29	2.96	1.89
Working Capital Days
Receivable Days	27	33	37	40	40	40	47	38	29	20
Inventory Days	43	50	55	53	49	45	53	51	52	50
Payable Days	29	32	31	32	30	26	36	34	34	34

Godrej Agrovet Ltd Stock News

Godrej Agrovet Ltd FAQs

What is the share price of Godrej Agrovet?

Company share prices are keep on changing according to the market conditions. The closing price of Godrej Agrovet on 21-Nov-2024 16:00 is ₹714.5.

What is the market cap of Godrej Agrovet?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Godrej Agrovet stood at ₹13,971.6.

What is the P/E ratio of Godrej Agrovet?

The latest P/E ratio of Godrej Agrovet as of 21-Nov-2024 16:00 is 34.65.

What is the P/B ratio of Godrej Agrovet?

The latest P/B ratio of Godrej Agrovet as of 21-Nov-2024 16:00 is 5.97.

What is the 52-week high and low of Godrej Agrovet?

The 52-week high of Godrej Agrovet is ₹877.9 and the 52-week low is ₹475.7.

What is the TTM revenue of Godrej Agrovet?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Agrovet is ₹6,881 ( Cr.) .

About Godrej Agrovet Ltd

The company was incorporated as Godrej Agrovet Private Limited on November 25, 1991 in the state of Gujarat as a private limited company under the Companies Act, 1956. The company became a deemed public limited company under Section 43A(1) of the Companies Act, 1956, and the word “private” was struck off from the name of the company with effect from April 27, 1992. Pursuant to the company passing a resolution under Section 21 of the Companies Act, 1956, the company was registered as a public limited company with effect from August 26, 1994. Subsequently, the Registrar of Companies, Gujarat issued a fresh certificate of incorporation dated February 19, 2002 consequent upon conversion, recording the change of the company’s name to ‘Godrej Agrovet Limited’.

The company is focused on improving productivity of farmers by innovating products and services that sustainably increase crop and livestock yields. It has made significant investments to enhance its R&D capabilities over the years . The company has two dedicated R&D centres for its crop protection business at Mumbai and Thane, which has enabled the company to launch new products. Its oil palm business has a dedicated R&D center at Andhra Pradesh, which is focused on improving the yield performance of oil palm crop and exploring new avenues of value creation from oil palm biomass.

Business area of the company

The company is a diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

Awards and Accreditations

2013: The company has been recognized as one of the best 100 Companies in India for 2013 by Great Place to Work Institute India.
2014: The company has been recognized as one of the best 100 Companies in India for 2014 by Great Place to Work Institute India.
2015: The company has been recognized for Fairness in Performance Management System Category in 2015 by Great Place to Work Institute.
2015: The company has been named as an Aon Best Employer in the Aon Best Employers - India 2015 Programme by Aon Hewitt.
2015: The company was awarded ‘Highest Crude Palm Oil Producer in the Country’ at the GLOBOIL India, 2015.
2017: The company has been named as an Aon Best Employer in the Aon Best Employers - India 2017 Programme by Aon Hewitt.
2017: ACI Godrej received an award in the category of “QCC for Sustainable Development” in the 21st National Annual Quality Convention - 2017 organized by Bangladesh Society for Total Quality Management
2018-19: The Company’s Oil Palm plant at Chintampalli was awarded ‘Energy Efficient Unit’ at the Confederation of Indian Industry’s (CII) National Awards for Excellence in Energy Management 2018.
2018-19: The Company’s Subsidiary Astec LifeSciences Limited, Mahad Plant was awarded CII Environmental Best Practices Award 2018 in the category of Resource & Material Conservation.
2019-20: Oil Palm manufacturing site located at Chintampalli, won two awards for their sustainability initiatives. The plant was awarded the ‘Excellent Energy Effi cient Unit - Silver rating’ at the SNEMA Award 2019 for the first time, the National Safety Award 2019 and the Bombay Chamber of Commerce Award for Sustainability.

Major events and milestones

1991: The company was incorporated on November 25, 1991.
1992: The company acquired the agrovet division of Godrej Soaps Limited.
1997: The company acquired the oil palm business from Godrej Soaps Limited.
1999: The company acquired poultry business from IPF Breeders Private Limited.
2004: The company formed a joint venture company in Bangladesh namely, ACI Godrej Agrovet Private Limited.
2005: The company acquired 26% stake in Polchem Hygiene Laboratories Private Limited.
2005: The company acquired 26% stake in Creamline Dairy.
2005: The company acquired shrimp feed business from Higashimaru Feeds (India) Limited.
2012: V-Sciences made investment in the company by acquiring 19.99% of the Equity Share capital of the company.
2015: The company acquired majority stake in Astec Lifesciences.
2015: The company increased its stake from 26% to 52% in Creamline Dairy.
2016: The company sold its 26% stake in Polchem Hygiene Laboratories Private Limited.
2018-19: The company has acquired an additional 1.1 % of the Paidup Equity Share Capital of its Joint Venture GTFL, increasing its total shareholding in GTFL from 49.9% to 51.0%.
2018-19: The company has acquired additional 2.16% of the Paid-up Equity Share Capital of GMPL, increasing its total shareholding in GMPL from 49.9% to 52.06%.
2019-20: The company acquired additional 11.03% of Paid-up Equity Share Capital of Godrej Maxximilk
Private Limited, increasing its Equity holding from 62.97% to 74.00%.
2019-20: In the Crop Protection business, the company successfully launched an in-house cotton herbicide ‘Hitweed Maxx’ and an in-licensing herbicide ‘Hanabi’ thereby growing our product portfolio.