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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Godrej Agrovet Ltd

About the Company - Godrej Agrovet Ltd

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 belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs. 6182.60 Cr. and Equity Capital is Rs. 192.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Animal/Shrimp FeedGodrej One, 3rd Floor, Mumbai Maharashtra 400079gavlinvestors@godrejagrovet.com
http://www.godrejagrovet.com
Management
NamePosition Held
Mr. Nadir B GodrejChairman & Non-Exe.Director
Mr. Balram S YadavManaging Director
Mr. Jamshyd N GodrejNon Executive Director
Mr. Kannan SitaramIndependent Director
Ms. Tanya A DubashNon Executive Director
Ms. Nisaba GodrejNon Executive Director
Mr. Pirojsha A GodrejNon Executive Director
Dr. Ashok GulatiIndependent Director
Ms. Roopa PurushothamanIndependent Director
Ms. Aditi Kothari DesaiIndependent Director
Dr. Ritu AnandIndependent Director
Mr. Natarajan SrinivasanIndependent Director
Ms. Ritu VermaIndependent Director
Mr. Burjis GodrejExecutive Director

Godrej Agrovet Ltd. Share Price Update

Share PriceValue
Today₹517.20
Previous Day₹519.55

Basic Stock Data of Godrej Agrovet Ltd

Market Cap 10,035 Cr.
Current Price 522
High / Low582/391
Stock P/E31.8
Book Value 123
Dividend Yield1.82 %
ROCE9.63 %
ROE10.5 %
Face Value 10.0

Data Source: screener.in

Godrej Agrovet Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5261,4621,9932,1542,0782,0812,5102,4452,3242,0952,5102,5712,345
Expenses1,4141,3501,8231,9641,9421,9122,3482,2952,1872,0202,3172,3692,186
Operating Profit11211217019013616916215013675193201159
OPM %7%8%9%9%7%8%6%6%6%4%8%8%7%
Other Income2323221756920138423322021
Interest6181316161822262527292825
Depreciation39394142444645464748535353
Profit before tax9079137150801741169214823142141102
Tax %24%19%24%25%22%20%24%24%23%-4%25%26%19%
Net Profit68631051126214088701152310710483
EPS in Rs3.212.955.525.693.396.374.303.736.061.615.485.484.78

Godrej Agrovet Ltd Quarterly Chart

Godrej Agrovet Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,7613,1023,3123,7504,9115,1865,9186,9646,2678,3069,3749,500
Expenses2,5672,8633,0433,5794,4714,7415,4626,4755,7037,6378,8518,894
Operating Profit194240269171440445456489564669523605
OPM %7%8%8%5%9%9%8%7%9%8%6%6%
Other Income113610431595581544990109139158
Interest4940659886453442466399109
Depreciation19283752758698148154173185200
Profit before tax137207271336375372477349453542378454
Tax %29%24%22%22%27%32%27%14%23%23%22%
Net Profit97157210261273251349301348419295349
EPS in Rs73.04118.3622.6928.1913.4411.9417.1315.9416.3320.9615.7118.63
Dividend Payout %26%23%114%16%33%38%26%34%49%45%60%

Godrej Agrovet Ltd Profit & Loss Yearly Chart

Godrej Agrovet Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:13%
3 Years:10%
TTM:2%
Compounded Profit Growth
10 Years:10%
5 Years:2%
3 Years:-8%
TTM:-19%
Stock Price CAGR
10 Years:%
5 Years:1%
3 Years:2%
1 Year:14%
Return on Equity
10 Years:18%
5 Years:16%
3 Years:15%
Last Year:10%

Godrej Agrovet Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13139393185192192192192192192192
Reserves4005055486908241,2191,4571,6461,8592,0762,1452,173
Borrowings4796206851,3726644103986511,0241,5991,4331,564
Other Liabilities3204354179571,5351,7142,1832,1831,7051,6891,6731,738
Total Liabilities1,2121,5731,7423,1113,2083,5354,2304,6724,7795,5565,4445,667
Fixed Assets4305946931,5071,4731,4922,0512,1562,2812,4072,5682,720
CWIP12514913864501909415314190204197
Investments003759175195117129124160158150
Other Assets6578308731,4811,5091,6571,9692,2332,2342,9002,5132,599
Total Assets1,2121,5731,7423,1113,2083,5354,2304,6724,7795,5565,4445,667

Godrej Agrovet Ltd Reserves and Borrowings Chart

Godrej Agrovet Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 45210109168897354448240-10-120874
Cash from Investing Activity -167-190-131-428-63-253-233-255-179-208-284
Cash from Financing Activity 12573-79278-812-125-21736189311-594
Net Cash Flow293-1011822-24-221-0-17-5

Godrej Agrovet Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2427304439444545484222
Inventory Days4547548371707260788366
Days Payable3033304281829987624035
Cash Conversion Cycle4040548529311817648454
Working Capital Days3533497222201723577346
ROCE %24%24%17%19%20%18%15%16%16%10%

Godrej Agrovet Ltd Financial Efficiency Indicators Chart

Godrej Agrovet Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters70.70%71.65%71.64%71.64%71.64%73.70%74.07%74.07%74.06%74.04%74.05%74.05%
FIIs2.83%2.82%2.88%2.86%2.43%1.48%1.64%9.73%9.70%9.70%9.55%9.44%
DIIs1.67%1.32%1.47%1.37%1.61%2.89%5.17%5.19%5.01%5.04%5.09%5.49%
Public24.80%24.21%24.01%24.13%24.33%21.92%19.12%11.01%11.23%11.21%11.31%11.04%
No. of Shareholders1,05,9541,02,4101,00,4741,00,7671,03,4761,08,4151,12,1231,11,8721,12,5111,10,0201,08,6411,02,899

Godrej Agrovet Ltd Shareholding Pattern Chart

No. of Godrej Agrovet Ltd Shareholders

Godrej Agrovet Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund22408620.28104.08
Kotak Emerging Equity Fund - Regular Plan17295150.2480.33
LIC MF Flexi Cap Fund1706510.947.93
Motilal Oswal Nifty Microcap 250 Index Fund304980.311.42
LIC MF Equity Savings Fund21141.040.1
Groww Nifty Total Market Index Fund700.010

Godrej Agrovet Ltd ROCE Trend

Godrej Agrovet Ltd EPS Trend

Godrej Agrovet Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.7120.9616.3415.9416.99
Diluted EPS (Rs.)15.7120.9516.3315.9416.99
Cash EPS (Rs.)23.3628.2323.5022.6922.67
Book Value[Excl.RevalReserv]/Share (Rs.)142.78139.96128.15115.63106.75
Book Value[Incl.RevalReserv]/Share (Rs.)142.78139.96128.15115.63106.75
Revenue From Operations / Share (Rs.)487.81432.36326.27362.63308.17
PBDIT / Share (Rs.)32.8038.7831.4127.8726.50
PBIT / Share (Rs.)23.1529.7623.3920.1621.39
PBT / Share (Rs.)17.9925.5820.9717.4824.22
Net Profit / Share (Rs.)13.7119.2015.4814.9817.56
NP After MI And SOA / Share (Rs.)15.7120.9616.3315.9417.13
PBDIT Margin (%)6.728.979.627.688.60
PBIT Margin (%)4.746.887.175.566.94
PBT Margin (%)3.685.916.424.827.86
Net Profit Margin (%)2.804.444.744.135.69
NP After MI And SOA Margin (%)3.224.845.004.395.56
Return on Networth / Equity (%)12.9117.7415.2916.6519.95
Return on Capital Employeed (%)14.3119.3915.8915.5517.47
Return On Assets (%)5.507.206.536.517.77
Long Term Debt / Equity (X)0.020.020.070.020.03
Total Debt / Equity (X)0.560.690.450.330.23
Asset Turnover Ratio (%)1.471.431.111.371.35
Current Ratio (X)0.961.061.080.960.98
Quick Ratio (X)0.360.480.550.530.48
Inventory Turnover Ratio (X)4.604.553.884.894.49
Dividend Payout Ratio (NP) (%)60.4638.1733.6728.2226.26
Dividend Payout Ratio (CP) (%)37.4526.6822.5819.0220.22
Earning Retention Ratio (%)39.5461.8366.3371.7873.74
Cash Earning Retention Ratio (%)62.5573.3277.4280.9879.78
Interest Coverage Ratio (X)6.3611.8112.9812.8615.02
Interest Coverage Ratio (Post Tax) (X)3.667.127.408.158.34
Enterprise Value (Cr.)9629.4310447.6611375.238023.9110537.03
EV / Net Operating Revenue (X)1.031.261.821.151.78
EV / EBITDA (X)15.2814.0218.8514.9920.70
MarketCap / Net Operating Revenue (X)0.841.021.611.021.65
Retention Ratios (%)39.5361.8266.3271.7773.73
Price / BV (X)3.393.754.913.855.93
Price / Net Operating Revenue (X)0.841.021.611.021.65
EarningsYield0.030.040.030.040.03

Godrej Agrovet Ltd Profitability Ratios (%)

Godrej Agrovet Ltd Liquidity Ratios

Godrej Agrovet Ltd Liquidity Ratios (%)

Godrej Agrovet Ltd Interest Coverage Ratios (%)

Godrej Agrovet Ltd Valuation Ratios

Fair Value of Godrej Agrovet Ltd Stock

Fair Value: ₹418.17

The stock is overvalued by 19.89% compared to the current price ₹522

*Investments are subject to market risks

Strength and Weakness of Godrej Agrovet Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.27%, which is a positive sign.
  2. The company has higher reserves (1,295.17 cr) compared to borrowings (908.25 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (5.25 cr) and profit (362.58 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.57 and average Dividend Yield of 6.26%.
  2. The stock has a high average Working Capital Days of 40.64, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 46.91, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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