Godrej Agrovet Ltd - Stock Valuation and Financial Performance

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

Godrej Agrovet Share Price

834.50 24.85 3.07%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Godrej Agrovet

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Godrej Agrovet stock performance -

mw4me loader
P/E Ratio (CD):
44.24
Market Cap:
15,910.5 Cr.
52-wk low:
447
52-wk high:
842.4

Is Godrej Agrovet Ltd an attractive stock to invest in?

1. Is Godrej Agrovet Ltd a good quality company?

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

2. Is Godrej Agrovet Ltd 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 Somewhat overvalued zone.

3. Is Godrej Agrovet Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Godrej Agrovet Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 22.2%14.7%14.4%12.4%12%12.9%10.9%11.8%7.7%10.5%-
Value Creation
Index
0.60.10.1-0.1-0.1-0.1-0.2-0.1-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,7954,2984,9115,1865,9186,9656,2688,3069,3749,5619,561
Sales YoY Gr.-13.3%14.3%5.6%14.1%17.7%-10%32.5%12.9%2%-
Adj EPS 10.39.211.811.31316.316.221.312.918.618.7
YoY Gr.--10.8%27.6%-4.1%14.9%25.7%-0.6%31.3%-39.1%43.9%-
BVPS (₹) 29.235.854.473.485.795.5106.6117.8121.3130.6130.6
Adj Net
Profit
191170217216249313311408249358360
Cash Flow from Ops. 78.1159897354448240-10.4-120874678-
Debt/CF from Ops. 4.36.50.71.20.92.7-94.8-131.51.9-

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%
BVPS18.1%8.8%7%7.6%
Share Price - 11.1% 8.1% 82.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
30.124.324.517.916.317.91618.910.814.714.3
Op. Profit
Mgn %
8.17.798.67.7798.15.57.47.4
Net Profit
Mgn %
53.94.94.64.54.45.55.12.63.73.8
Debt to
Equity
0.61.60.70.30.20.40.50.70.60.50.1
Working Cap
Days
01051111071051041221071019045
Cash Conv.
Cycle
05866666464716153421

Recent Performance Summary

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

Return on Equity has declined versus last 3 years average to 14.30%

Net Profit has been subdued in last 3 years 4.77%

Sales growth is not so good in last 4 quarters at 1.84%

Latest Financials - Godrej Agrovet Ltd.

Standalone Consolidated
TTM EPS (₹) 18.6 18.7
TTM Sales (₹ Cr.) 7,088 9,561
BVPS (₹.) 117.3 130.6
Reserves (₹ Cr.) 2,063 2,318
P/BV 7.06 6.34
PE 44.55 44.24
From the Market
52 Week Low / High (₹) 447.00 / 842.40
All Time Low / High (₹) 265.05 / 842.40
Market Cap (₹ Cr.) 15,911
Equity (₹ Cr.) 192.3
Face Value (₹) 10
Industry PE 44.6

Management X-Ray of Godrej Agrovet:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Godrej Agrovet

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,7954,2984,9115,1865,9186,9656,2688,3069,3749,561
Operating Expenses 3,4913,9694,4734,7435,4626,4765,7047,6418,8558,859
Manufacturing Costs135178206241261374359445530549
Material Costs2,8163,1423,7913,9704,5745,3764,6086,3057,3897,244
Employee Cost 147168233276294354376439453539
Other Costs 393482244255333373360451482528
Operating Profit 304329438443456488564665519701
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 155559325347408011141
Interest 336186453442466399108
Depreciation 4662758698148154173185214
Exceptional Items 35-6201288-100-1700
Profit Before Tax 274254375372477349453542378473
Tax 63691021211284810612282113
Profit After Tax 211185273251349301348419295359
PAT Margin (%) 5.6%4.3%5.6%4.8%5.9%4.3%5.5%5.0%3.2%3.8%
Adjusted EPS (₹)11.610.213.411.917.115.916.321.015.718.7
Dividend Payout Ratio (%)16%22%0%38%26%35%49%45%60%53%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5416631,0071,4101,6461,8342,0472,2632,3322,510
Share Capital 9393185192192192192192192192
Reserves 4485708221,2181,4541,6421,8552,0712,1402,318
Minority Interest0133254269401382410420406404
Debt3329396604033886189431,5011,2301,261
Long Term Debt11446211464431494755293
Short Term Debt2188926393893245767941,4541,176968
Trade Payables6417858418971,2401,289778695704628
Others Liabilities 298531446556555549602677771864
Total Liabilities 1,8133,0513,2083,5354,2304,6724,7795,5575,4445,667

Fixed Assets

Gross Block8341,6701,6101,7182,3892,6242,8913,1633,5023,938
Accumulated Depreciation2174461332213194455937569351,131
Net Fixed Assets6161,2251,4771,4962,0702,1782,2982,4072,5682,806
CWIP 175126501909415314190204192
Investments 9095175195117129124160158177
Inventories4447457387638998879801,4291,3441,383
Trade Receivables286486522620735853823951574519
Cash Equivalents 17416232305151353053
Others Assets185332182238287421362485565537
Total Assets 1,8133,0513,2083,5354,2304,6724,7795,5575,4445,667

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 78159897354448240-10-120874678
PBT 274254375372477349453542378473
Adjustment 48949111317208190200198282
Changes in Working Capital -186-140512-4763-220-541-70939247
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 -13-30487-5-50-1-1770
Others -8-5945-3836376-1249
Cash Flow From Financing Activity -7369-812-125-21736189311-594-328
Net Proceeds from Shares 040317000000
Net Proceeds from Borrowing -92-15-43-1110-17139-8234195
Interest Paid -35-60-86-45-35-39-43-60-96-101
Dividend Paid -71-450-87-89-89-112-159-184-184
Others 191486-683-299-102182205612-349-237
Net Cash Flow -104922-24-6210-17-523
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)39.0530.6932.6920.7722.8617.2717.9119.4512.8614.85
ROCE (%)31.7522.7726.5623.8726.4317.2418.117.5912.7315.51
Asset Turnover Ratio2.091.771.571.541.591.611.371.661.761.79
PAT to CFO Conversion(x)0.370.863.291.411.280.8-0.03-0.292.961.89
Working Capital Days
Receivable Days27333740404047382920
Inventory Days43505553494553515250
Payable Days29323132302636343434

Godrej Agrovet Ltd Stock News

Godrej Agrovet Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Godrej Agrovet on 12-Jul-2024 16:01 is ₹834.5.
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 12-Jul-2024 16:01 the market cap of Godrej Agrovet stood at ₹15,910.5.
The latest P/E ratio of Godrej Agrovet as of 12-Jul-2024 16:01 is 44.55.
The latest P/B ratio of Godrej Agrovet as of 12-Jul-2024 16:01 is 7.06.
The 52-week high of Godrej Agrovet is ₹842.4 and the 52-week low is ₹447.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Agrovet is ₹7,088 ( 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.
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