Is Godrej Agrovet a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Godrej Agrovet Ltd is a average 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 Somewhat Undervalued 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 Analysis

Item: Godrej Agrovet Ltd
Rating: 4
Author: MoneyWorks4me Rating

BSE: 540743 | NSE: GODREJAGRO | Consumer Food | Small Cap

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BSE Share Price 09-Jun-2023 17:45
437.90 0.55 (0.13%)

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'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	TTM
ROCE % ⓘ	0%	0%	22.2%	14.7%	14.4%	12.4%	12%	12.9%	10.9%	11.9%	-
Value Creation Index ⓘ	NA	NA	0.6	0.1	0.1	-0.1	-0.1	-0.1	-0.2	-0.1	-

Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	3,795	4,298	4,911	5,186	5,918	6,965	6,268	8,307	9,353
YoY Gr. Rt. %	-	NA	NA	13.3%	14.3%	5.6%	14.1%	17.7%	-10%	32.5%	-
Adj EPS ⓘ	0	0	20.7	18.4	11.8	11.3	13	16.3	16.2	21.5	15.7
YoY Gr. Rt. %	-	NA	NA	-10.9%	-36.2%	-4.1%	14.9%	25.7%	-0.6%	33%	-
BVPS (₹) ⓘ	0	0	58.4	71.6	54.4	73.4	85.7	95.5	106.6	117.8	121.6
Adj Net Profit ⓘ	0	0	191	170	217	216	249	313	311	414	302
Cash Flow from Ops. ⓘ	0	0	78.1	159	897	354	448	240	-10.4	-120	-
Debt/CF from Ops. ⓘ	0	0	4.3	6.5	0.7	1.2	0.9	2.7	-94.8	-13	-

CAGR ⓘ CAGR Colour Code Guide ⓘ
	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	11.1%	12%	32.5%
Adj EPS ⓘ	NA	12.9%	18.5%	33%
BVPS ⓘ	0	16.7	11.2	10.6
Share Price	-	-7.8%	3.3%	-16.7%

Key Financial Parameters ⓘ Performance Ratio Colour Code Guide ⓘ
	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	TTM
Return on Equity % ⓘ	0	0	30.1	24.3	24.5	17.9	16.3	17.9	16	19.2	13.1
Op. Profit Mgn % ⓘ	0	0	8.1	7.7	9	8.6	7.7	7	9	8.1	5.6
Net Profit Mgn % ⓘ	0	0	5	3.9	4.5	4.3	4.3	4.2	4.7	4.6	3.2
Debt to Equity ⓘ	0	0	0.6	1.6	0.7	0.3	0.2	0.4	0.5	0.7	0
Working Cap Days ⓘ	0	0	0	105	111	107	105	104	122	107	99
Cash Conv. Cycle ⓘ	0	0	0	58	66	66	64	64	71	61	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.97%

Net Profit is growing at healthy rate in last 3 years 18.47%

Debt to equity has declined versus last 3 years average to 0.69

Sales growth is good in last 4 quarters at 12.91%

Return on Equity has declined versus last 3 years average to 13.10%

Latest Financials - Godrej Agrovet Ltd.

	Standalone	Consolidated
TTM EPS (₹)	15.8	15.7
TTM Sales (₹ Cr.)	6,865	9,353
BVPS (₹.) ⓘ	108.3	121.6
Reserves (₹ Cr.) ⓘ	1,890	2,145
P/BV ⓘ	4.04	3.61
PE ⓘ	27.68	27.97

From the Market
52 Week Low / High (₹)	391.20 / 560.00
All Time Low / High (₹)	265.05 / 746.80
Market Cap (₹ Cr.)	8,406
Equity (₹ Cr.)	192.2
Face Value (₹)	10
Industry PE ⓘ	60

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 Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Godrej Agrovet

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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 09-Jun-2023 17:45 is : 437.9.

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 09-Jun-2023 17:45 the market cap of Godrej Agrovet stood at ₹ 8,406.2.

What is the PE ratio of Godrej Agrovet ?

The latest PE ratio of Godrej Agrovet as of 09-Jun-2023 17:45 is 27.68.

What is the PB ratio of Godrej Agrovet?

The latest PB ratio of Godrej Agrovet as of 09-Jun-2023 17:45 is 4.04

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

The 52-week high of Godrej Agrovet is ₹ 560.0 and the 52-week low is ₹ 391.2.

What is the TTM revenue of Godrej Agrovet ?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Godrej Agrovet is ₹ 6,865 ( 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.