Godrej Agrovet Ltd logo

Godrej Agrovet Ltd

GODREJAGRO NSE

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. [1]

AI Verdict: BUY Confidence: 6%

Godrej Agrovet trades at a PE of 24.9x with improving profitability (ROE at 22% last year) and unanimous analyst buy ratings (5/5). However, weak stock price performance (-23% in 1 year) and sluggish sales growth (3% CAGR over 3 years) warrant caution despite the attractive dividend yield of 1.91%.

Key Fundamentals

MicrocapAnimal FeedFood Products
Market Cap
₹10,905 Cr
Volatility
Moderate
P/E Ratio
22.87
EBITDA
₹804 Cr
Return on Equity
12.31%
Debt to Equity
0.57
Book Value
₹105.64
EPS
₹20.26
52W High
₹876.35
52W Low
₹506.1

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 49.1%

Weaknesses

2
  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Promoter holding has decreased over last 3 years: -6.33%

Growth Rate

Revenue Growth
8.24% ↗
Net Income Growth
11.77% ↗
Cash Flow Change
42.97% ↗
ROE
25.91% ↗
ROCE
25.39% ↗
EBITDA Margin (Avg.)
-14.80% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Godrej Agrovet trades at a PE of 24.9x with improving profitability (ROE at 22% last year) and unanimous analyst buy ratings (5/5). However, weak stock price performance (-23% in 1 year) and sluggish sales growth (3% CAGR over 3 years) warrant caution despite the attractive dividend yield of 1.91%.

Bull Case 8
  • Unanimous analyst consensus with 100% buy ratings from all 5 analysts covering the stock
  • ROE improved to 22% in the last year from a 5-year average of 17%, indicating strengthening capital efficiency
  • Compounded profit growth of 26% over 3 years significantly outpaces sales growth, reflecting margin expansion
  • Healthy dividend payout ratio of 49.1% with a current yield of 1.91%, providing income support
  • Long-term sales CAGR of 11% over 10 years demonstrates a proven track record of revenue scaling
  • TTM profit growth of 14% shows continued earnings momentum in the current period
  • Market cap of Rs 11,019 crore provides reasonable liquidity and institutional interest as a mid-cap Godrej group company
  • TTM sales growth of 9% shows recovery from the sluggish 3-year CAGR of 3%
Bear Case 8
  • Stock price declined 23% over 1 year, significantly underperforming broader markets
  • 5-year stock CAGR of -1% indicates zero wealth creation for long-term shareholders over half a decade
  • Promoter holding decreased by 6.33% over last 3 years, signaling potential lack of confidence from the Godrej family
  • Poor 3-year sales CAGR of only 3%, well below inflation, indicating volume or pricing stagnation
  • Price-to-book ratio of 5.46x is elevated for an agri-business company with cyclical commodity exposure
  • 5-year compounded sales growth of only 10.3% is below expectations for a company in the FMCG-adjacent space
  • PE of 24.9x is not cheap given the modest single-digit near-term revenue growth trajectory
  • 10-year stock CAGR data unavailable, making long-term return assessment difficult and raising data transparency concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Neutral 2
  • HR Head resigns effective Aug 6 Jun 22

    Mallika Mutreja resigns as Head - Human Resources effective August 6, 2026, to pursue an external opportunity. Leadership transition in a support function with no immediate operational impact.

  • Promoter shares fully unencumbered Jun 17

    Godrej Industries confirms zero encumbrance on Godrej Agrovet promoter shares for FY 2025-26. Routine SEBI takeover regulation compliance declaration.

TL;DR: A quiet news cycle for Godrej Agrovet with no material business developments. The HR head departure is a routine attrition event, and the unencumbered promoter shareholding confirms clean governance. No new headwinds or catalysts are visible from recent newsflow, leaving the stock driven by broader sector dynamics and upcoming quarterly results.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,095
2,510
2,571
2,345
2,134
2,351
2,449
2,450
2,134
2,614
2,567
2,718
2,333
Expenses
2,020
2,317
2,369
2,186
1,986
2,125
2,225
2,230
1,987
2,345
2,354
2,477
2,194
Operating Profit
75
193
201
159
148
226
223
220
147
270
213
242
139
OPM %
4%
8%
8%
7%
7%
10%
9%
9%
7%
10%
8%
9%
6%
Other Income
23
32
20
21
20
25
25
22
25
24
18
-5
78
Interest
27
29
28
25
25
30
40
34
29
35
40
35
29
Depreciation
48
53
53
53
56
55
58
57
56
58
57
56
58
PBT
23
142
141
102
87
166
150
151
87
200
135
146
130
Tax %
-4%
25%
26%
19%
25%
21%
36%
27%
24%
26%
38%
25%
21%
Net Profit
23
107
104
83
65
132
96
110
66
149
84
110
102
EPS in Rs
1.61
5.48
5.48
4.78
2.97
7.03
5.84
5.8
3.68
8.35
4.81
5.97
5.45
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3,312
3,750
4,911
5,186
5,918
6,964
6,267
8,306
9,374
9,561
9,383
10,233
Expenses
3,043
3,579
4,471
4,741
5,462
6,475
5,703
7,637
8,851
8,856
8,562
9,369
Operating Profit
269
171
440
445
456
489
564
669
523
704
821
864
OPM %
8%
5%
9%
9%
8%
7%
9%
8%
6%
7%
9%
8%
Other Income
104
315
95
58
154
49
90
109
139
90
93
116
Interest
65
98
86
45
34
42
46
63
99
108
133
138
Depreciation
37
52
75
86
98
148
154
173
185
214
226
229
PBT
271
336
375
372
477
349
453
542
378
473
554
612
Tax %
22%
22%
27%
32%
27%
14%
23%
23%
22%
24%
27%
27%
Net Profit
210
261
273
251
349
301
348
419
295
359
403
445
EPS in Rs
22.69
28.19
13.44
11.94
17.13
15.94
16.33
20.96
15.71
18.71
22.35
24.58
Div. Payout %
114%
16%
33%
38%
26%
34%
49%
45%
60%
53%
49%
45%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
93
93
185
192
192
192
192
192
192
192
192
192
Reserves
548
690
824
1,219
1,457
1,646
1,859
2,076
2,145
2,324
2,189
1,840
Borrowings
685
1,372
664
410
398
651
1,007
1,599
1,433
1,416
1,396
1,574
Other Liabilities
417
957
1,535
1,714
2,183
2,183
1,721
1,689
1,673
1,734
1,729
2,564
Total Liabilities
1,742
3,111
3,208
3,535
4,230
4,672
4,779
5,556
5,444
5,667
5,505
6,170
Fixed Assets
693
1,507
1,473
1,492
2,051
2,178
2,298
2,407
2,568
2,806
2,912
2,825
CWIP
138
64
50
190
94
153
141
90
204
192
64
178
Investments
37
59
175
195
117
129
124
160
158
177
139
115
Other Assets
873
1,481
1,509
1,657
1,969
2,211
2,216
2,900
2,513
2,492
2,391
3,052
Total Assets
1,742
3,111
3,208
3,535
4,230
4,672
4,779
5,556
5,444
5,667
5,505
6,170
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
109
168
897
354
448
240
-2
-120
874
678
969
1,281
Investing
-131
-428
-63
-253
-233
-255
-187
-208
-284
-327
-82
-150
Financing
-79
278
-812
-125
-217
36
189
311
-594
-328
-901
-869
Net Cash Flow
-101
18
22
-24
-2
21
0
-17
-5
23
-13
262
Free Cash Flow
-1
43
702
109
207
-18
-251
-388
595
301
758
1,047
CFO/OP
61
125
222
98
122
69
20
5
185
114
136
167
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
44
39
44
45
45
48
42
22
20
22
24
Inventory Days
54
83
71
70
72
60
78
83
66
70
66
65
Days Payable
30
42
81
82
99
87
58
40
35
32
47
80
Cash Conversion Cycle
54
85
29
31
18
17
68
84
54
58
42
10
Working Capital Days
49
-51
-26
-8
-3
-7
7
6
-4
1
-2
-17
ROCE %
24%
17%
19%
20%
18%
15%
16%
16%
10%
14%
17%
20%

Shareholding Pattern

As of Mar 2026
Promoters 67.74%
Public 12.59%
Others 7.49%
FIIs 6.32%
DIIs 5.86%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
70.70%
71.65%
71.64%
71.64%
71.64%
73.70%
74.07%
74.07%
74.07%
74.05%
74.05%
74.05%
74.05%
74.03%
74.03%
67.56%
67.56%
67.53%
67.53%
67.65%
67.74%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.55%
0.00%
9.43%
9.49%
7.48%
7.10%
7.54%
7.27%
7.21%
6.29%
6.32%
DIIs
1.67%
1.32%
1.47%
1.37%
1.61%
2.89%
5.11%
5.59%
5.41%
5.44%
5.20%
5.49%
5.09%
4.34%
5.88%
6.25%
5.45%
4.97%
5.17%
5.38%
5.86%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
6.61%
6.43%
6.12%
6.25%
6.51%
6.70%
6.93%
7.21%
7.46%
7.43%
7.90%
7.75%
8.10%
8.40%
8.57%
10.22%
10.45%
11.03%
12.54%
13.16%
12.59%
Others
21.02%
20.60%
20.77%
20.75%
20.24%
16.70%
13.90%
13.13%
13.06%
13.08%
3.31%
12.72%
3.33%
3.74%
4.05%
8.88%
9.01%
9.19%
7.55%
7.52%
7.49%
No. of Shareholders
1,05,954
1,02,410
1,00,474
1,00,767
1,03,476
1,08,415
1,12,123
1,11,872
1,12,511
1,10,019
1,08,641
1,02,899
1,02,653
99,674
1,26,487
1,14,217
1,16,532
1,18,739
1,13,067
1,16,098
1,11,365

Documents

Frequently Asked Questions about Godrej Agrovet Ltd

What does Godrej Agrovet Ltd do?
Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different busi...
Where is Godrej Agrovet Ltd (GODREJAGRO) listed?
Godrej Agrovet Ltd is listed on the Indian stock exchanges. It is listed on NSE: GODREJAGRO and BSE: 540743. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Godrej Agrovet Ltd belong to?
Godrej Agrovet Ltd operates in the Fast Moving Consumer Goods sector within the Food Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Godrej Agrovet Ltd?
Godrej Agrovet Ltd has a market capitalisation of approximately ₹10905.05 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Godrej Agrovet Ltd?
The Price-to-Earnings (PE) ratio of Godrej Agrovet Ltd is 22.87. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Godrej Agrovet Ltd?
Over the past 52 weeks, Godrej Agrovet Ltd has traded between a low of ₹506.1 and a high of ₹876.35. This range helps investors understand the stock's price volatility and recent trading levels.
Does Godrej Agrovet Ltd pay dividends?
Yes, Godrej Agrovet Ltd has a dividend yield of 1.94%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Godrej Agrovet Ltd?
Godrej Agrovet Ltd has a Return on Equity (ROE) of 12.31%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Godrej Agrovet Ltd on Tapetide?
On Tapetide, you can view Godrej Agrovet Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. [1]

Website godrejagrovet.com
CEO Mr. Burjis Nadir Godrej
Employees 2,693
Listed 2017-10-16
Face Value ₹ 10
Issued Size 19,23,28,994

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