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Last Updated: April 2, 2026, 2:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540743 | NSE: GODREJAGRO

Godrej Agrovet Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹323.25Overvalued by 43.39%vs CMP ₹571.00

P/E (23.8) × ROE (17.7%) × BV (₹94.10) × DY (1.93%)

₹238.62Overvalued by 58.21%vs CMP ₹571.00
MoS: -139.3% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹328.7622%Over (-42.4%)
Graham NumberEarnings₹219.7616%Over (-61.5%)
Earnings PowerEarnings₹41.8413%Over (-92.7%)
DCFCash Flow₹138.8013%Over (-75.7%)
Net Asset ValueAssets₹94.097%Over (-83.5%)
EV/EBITDAEnterprise₹432.049%Over (-24.3%)
Earnings YieldEarnings₹228.107%Over (-60.1%)
ROCE CapitalReturns₹273.219%Over (-52.2%)
Revenue MultipleRevenue₹487.775%Over (-14.6%)
Consensus (9 models)₹238.62100%Overvalued
Key Drivers: Wide model spread (₹42–₹488) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.7%

*Investments are subject to market risks

Investment Snapshot

59
Godrej Agrovet Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 16.6% GoodROE 17.7% GoodD/E 0.45 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.26% (6mo) SellingPromoter holding at 67.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 8% SteadyWorking capital: -2 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +1% YoY Positive
Industry Rank55/100 · Moderate
P/E 23.8 vs industry 24.2 In-lineROCE 16.6% vs industry 15.1% AverageROE 17.7% vs industry 13.4% Above peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:58 am

Market Cap 10,984 Cr.
Current Price 571
Intrinsic Value₹238.62
High / Low 876/506
Stock P/E23.8
Book Value 94.1
Dividend Yield1.93 %
ROCE16.6 %
ROE17.7 %
Face Value 10.0
PEG Ratio13.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Godrej Agrovet Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Godrej Agrovet Ltd 10,984 Cr. 571 876/50623.8 94.11.93 %16.6 %17.7 % 10.0
Avanti Feeds Ltd 16,671 Cr. 1,224 1,489/58226.4 2210.74 %24.0 %19.5 % 1.00
Narmada Agrobase Ltd 123 Cr. 32.5 36.0/14.632.1 15.30.00 %13.0 %11.2 % 10.0
Ajooni Biotech Ltd 70.8 Cr. 4.11 6.60/3.5514.4 5.290.00 %6.91 %5.15 % 2.00
Industry Average9,259.33 Cr457.9024.1883.920.67%15.13%13.39%5.75

All Competitor Stocks of Godrej Agrovet Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,3242,0952,5102,5712,3452,1342,3512,4492,4502,1342,6142,5672,718
Expenses 2,1872,0202,3172,3692,1861,9862,1252,2252,2301,9872,3452,3542,477
Operating Profit 13675193201159148226223220147270213242
OPM % 6%4%8%8%7%7%10%9%9%7%10%8%9%
Other Income 842332202120252522252418-5
Interest 25272928252530403429354035
Depreciation 47485353535655585756585756
Profit before tax 148231421411028716615015187200135146
Tax % 23%-4%25%26%19%25%21%36%27%24%26%38%25%
Net Profit 115231071048365132961106614984110
EPS in Rs 6.061.615.485.484.782.977.035.845.803.688.354.815.97

Last Updated: February 5, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,1023,3123,7504,9115,1865,9186,9646,2678,3069,3749,5619,38310,034
Expenses 2,8633,0433,5794,4714,7415,4626,4755,7037,6378,8518,8568,5629,162
Operating Profit 240269171440445456489564669523704821871
OPM % 8%8%5%9%9%8%7%9%8%6%7%9%9%
Other Income 3610431595581544990109139909363
Interest 40659886453442466399108133139
Depreciation 283752758698148154173185214226227
Profit before tax 207271336375372477349453542378473554569
Tax % 24%22%22%27%32%27%14%23%23%22%24%27%
Net Profit 157210261273251349301348419295359403409
EPS in Rs 118.3622.6928.1913.4411.9417.1315.9416.3320.9615.7118.7122.3522.81
Dividend Payout % 23%114%16%33%38%26%34%49%45%60%53%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.76%24.29%4.60%-8.06%39.04%-13.75%15.61%20.40%-29.59%21.69%12.26%
Change in YoY Net Profit Growth (%)0.00%-9.47%-19.69%-12.66%47.10%-52.80%29.37%4.79%-50.00%51.29%-9.44%

Godrej Agrovet Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:6%
3 Years:4%
TTM:3%
Compounded Profit Growth
10 Years:9%
5 Years:7%
3 Years:1%
TTM:17%
Stock Price CAGR
10 Years:%
5 Years:8%
3 Years:12%
1 Year:-8%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:15%
Last Year:18%

Last Updated: September 5, 2025, 5:00 am

Balance Sheet

Last Updated: December 10, 2025, 2:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 139393185192192192192192192192192192
Reserves 5055486908241,2191,4571,6461,8592,0762,1452,3242,1891,618
Borrowings 6206851,3726644103986511,0071,5991,4331,4161,3962,159
Other Liabilities 4354179571,5351,7142,1832,1831,7211,6891,6731,7341,7292,136
Total Liabilities 1,5731,7423,1113,2083,5354,2304,6724,7795,5565,4445,6675,5056,105
Fixed Assets 5946931,5071,4731,4922,0512,1782,2982,4072,5682,8062,9122,884
CWIP 1491386450190941531419020419264134
Investments 0375917519511712912416015817713993
Other Assets 8308731,4811,5091,6571,9692,2112,2162,9002,5132,4922,3912,993
Total Assets 1,5731,7423,1113,2083,5354,2304,6724,7795,5565,4445,6675,5056,105

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 210109168897354448240-2-120874678969
Cash from Investing Activity + -190-131-428-63-253-233-255-187-208-284-327-82
Cash from Financing Activity + 73-79278-812-125-21736189311-594-328-901
Net Cash Flow 93-1011822-24-221-0-17-523-13
Free Cash Flow 26-143702109207-18-251-388595301758
CFO/OP 105%61%125%222%98%122%69%20%5%185%114%136%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-380.00-416.00170.00-224.0035.0058.00-162.00563.00668.00522.00703.00820.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 273044394445454842222022
Inventory Days 475483717072607883667066
Days Payable 333042818299876240353247
Cash Conversion Cycle 405485293118176484545842
Working Capital Days 3349-51-26-8-3-776-41-2
ROCE %24%24%17%19%20%18%15%16%16%10%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.06%74.04%74.05%74.05%74.05%74.03%74.02%67.56%67.56%67.54%67.54%67.65%
FIIs 9.70%9.70%9.55%9.44%9.43%9.48%7.48%7.10%7.55%7.27%7.21%6.29%
DIIs 5.01%5.04%5.09%5.49%5.09%4.34%5.88%6.25%5.45%4.97%5.18%5.38%
Public 11.23%11.21%11.31%11.04%11.44%12.14%12.61%19.10%19.47%20.22%20.08%20.69%
No. of Shareholders 1,12,5111,10,0201,08,6411,02,8991,02,65399,6741,26,4871,14,2171,16,5321,18,7391,13,0671,16,098

Shareholding Pattern Chart

No. of Shareholders

Godrej Agrovet Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 4,021,039 0.33 214.542,240,8622025-12-08 07:42:1379.44%
Franklin India Large & Mid Cap Fund 1,072,277 1.63 57.21934,3212026-02-21 00:00:0614.77%
UTI Small Cap Fund 690,986 0.81 36.87N/AN/AN/A
Tata India Consumer Fund 315,000 0.66 16.81N/AN/AN/A
Tata Retirement Savings Fund - Progressive Plan 242,000 0.63 12.91292,0002026-02-21 18:13:03-17.12%
Tata Retirement Savings Fund - Moderate Plan 203,000 0.52 10.83252,0002026-02-22 02:34:40-19.44%
Groww Value Fund 7,250 0.59 0.39N/AN/AN/A
Tata Retirement Savings Fund - Conservative Plan 6,000 0.23 0.397,0002026-02-15 06:10:56-14.29%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 22.3518.7115.7120.9616.34
Diluted EPS (Rs.) 22.3418.7115.7120.9516.33
Cash EPS (Rs.) 29.9527.1423.3628.2323.50
Book Value[Excl.RevalReserv]/Share (Rs.) 123.83151.97142.78139.96128.15
Book Value[Incl.RevalReserv]/Share (Rs.) 123.83151.97142.78139.96128.15
Revenue From Operations / Share (Rs.) 488.00497.40487.81432.36326.27
PBDIT / Share (Rs.) 44.7138.6432.8038.7831.41
PBIT / Share (Rs.) 32.9527.4923.1529.7623.39
PBT / Share (Rs.) 26.0221.8817.9925.5820.97
Net Profit / Share (Rs.) 18.1915.9913.7119.2015.48
NP After MI And SOA / Share (Rs.) 22.3518.7115.7120.9616.33
PBDIT Margin (%) 9.167.766.728.979.62
PBIT Margin (%) 6.755.524.746.887.17
PBT Margin (%) 5.334.393.685.916.42
Net Profit Margin (%) 3.723.212.804.444.74
NP After MI And SOA Margin (%) 4.573.763.224.845.00
Return on Networth / Equity (%) 18.0414.2912.9117.7415.29
Return on Capital Employeed (%) 19.1215.0514.3119.3915.89
Return On Assets (%) 7.796.305.507.206.53
Long Term Debt / Equity (X) 0.190.110.020.020.07
Total Debt / Equity (X) 0.530.510.560.690.45
Asset Turnover Ratio (%) 1.671.711.691.601.11
Current Ratio (X) 0.991.040.961.061.08
Quick Ratio (X) 0.390.370.360.480.55
Inventory Turnover Ratio (X) 6.754.904.914.873.88
Dividend Payout Ratio (NP) (%) 44.7450.7660.4638.1733.67
Dividend Payout Ratio (CP) (%) 29.3131.8137.4526.6822.58
Earning Retention Ratio (%) 55.2649.2439.5461.8366.33
Cash Earning Retention Ratio (%) 70.6968.1962.5573.3277.42
Interest Coverage Ratio (X) 6.456.896.3611.8112.98
Interest Coverage Ratio (Post Tax) (X) 3.623.853.667.127.40
Enterprise Value (Cr.) 15963.3911014.009629.4310447.6611375.23
EV / Net Operating Revenue (X) 1.701.151.031.261.82
EV / EBITDA (X) 18.5714.8315.2814.0218.85
MarketCap / Net Operating Revenue (X) 1.550.970.841.021.61
Retention Ratios (%) 55.2549.2339.5361.8266.32
Price / BV (X) 6.093.723.393.754.91
Price / Net Operating Revenue (X) 1.550.970.841.021.61
EarningsYield 0.020.030.030.040.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Godrej Agrovet Ltd. is a Public Limited Listed company incorporated on 25/11/1991 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15410MH1991PLC135359 and registration number is 135359. Currently Company is involved in the business activities of Manufacture of prepared animal feeds. Company's Total Operating Revenue is Rs. 7009.07 Cr. and Equity Capital is Rs. 192.27 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Animal/Shrimp FeedGodrej One, 3rd Floor, Mumbai Maharashtra 400079Contact not found
Management
NamePosition Held
Mr. Nadir B GodrejChairman & Non-Exe.Director
Mr. Balram S YadavManaging Director
Mr. Burjis GodrejExecutive Director
Ms. Tanya A DubashNon Executive Director
Ms. Nisaba GodrejNon Executive Director
Mr. Pirojsha A GodrejNon Executive Director
Mr. Kannan SitaramIndependent Director
Ms. Roopa PurushothamanIndependent Director
Ms. Aditi Kothari DesaiIndependent Director
Dr. Ritu AnandIndependent Director
Mr. Natarajan SrinivasanIndependent Director
Ms. Ritu VermaIndependent Director
Dr. Ashok GulatiIndependent Director

FAQ

What is the intrinsic value of Godrej Agrovet Ltd and is it undervalued?

As of 15 April 2026, Godrej Agrovet Ltd's intrinsic value is ₹238.62, which is 58.21% lower than the current market price of ₹571.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.7 %), book value (₹94.1), dividend yield (1.93 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Godrej Agrovet Ltd?

Godrej Agrovet Ltd is trading at ₹571.00 as of 15 April 2026, with a FY2026-2027 high of ₹876 and low of ₹506. The stock is currently near its 52-week low. Market cap stands at ₹10,984 Cr..

How does Godrej Agrovet Ltd's P/E ratio compare to its industry?

Godrej Agrovet Ltd has a P/E ratio of 23.8, which is below the industry average of 24.18. This is broadly in line with or below the industry average.

Is Godrej Agrovet Ltd financially healthy?

Key indicators for Godrej Agrovet Ltd: ROCE of 16.6 % indicates efficient capital utilization; ROE of 17.7 % shows strong shareholder returns. Dividend yield is 1.93 %.

Is Godrej Agrovet Ltd profitable and how is the profit trend?

Godrej Agrovet Ltd reported a net profit of ₹403 Cr in Mar 2025 on revenue of ₹9,383 Cr. Compared to ₹419 Cr in Mar 2022, the net profit shows a declining trend.

Does Godrej Agrovet Ltd pay dividends?

Godrej Agrovet Ltd has a dividend yield of 1.93 % at the current price of ₹571.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Godrej Agrovet Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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