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Godrej Agrovet Ltd share Price Today

Company details

583.65
597.95
442.95
600.95
6M Return 8.67%
1Y Return 31.96%
Mkt Cap.(Cr) 11,281.82
Volume 118,894
Div Yield 1.70%
OI
-
OI Chg %
-
Volume 118,894

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Agricultural Products company Godrej Agrovet announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The company reported consolidated revenues from operations of Rs 2,134 crore in Q4FY24 as compared to Rs 2,095 crore in Q4FY23
  • Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs 164 crore in Q4FY24 as compared to Rs 76 crore in Q4FY23
  • Company reported Profit before tax, excluding non-recurring & exceptional items, of Rs 83 crore in Q4FY24 as compared to Rs 2 crore in Q4FY23

FY24 Financial Highlights:

  • FY24 consolidated revenues from operations increased to Rs 9,561 crore from Rs 9,374 crore in FY23
  • Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs 757 crore in FY24 as compared to Rs 564 crore in FY23
  • Company reported Profit before tax, excluding non-recurring & exceptional items, of Rs 434 crore in FY24 as compared to Rs 280 crore in FY23

Commenting on the performance, B. S. Yadav, Managing Director, Godrej Agrovet Limited, said: The FY24 augured well for Godrej Agrovet in terms of robust surge in profitability over FY23. This growth in profitability was primarily driven by exceptional performance of domestic crop protection business, structural turnaround of dairy business, market share gains in Animal Feed and robust volume & margin growth in branded products in our poultry business.

Domestic crop protection business delivered stellar performance primarily driven by higher volumes of in-house and in-licensed products. Animal Feed business recorded double-digit growth in volumes in cattle feed and fish feed categories and significant increase in segment margins led by softened commodity prices and higher realizations in the aforementioned categories. Our Dairy business achieved remarkable turnaround and returned to profitability. This was driven by focused efforts on improving operational efficiencies and improved milk spread. The Poultry business also recorded robust improvement in profitability on the back of higher live bird prices and increase in volumes of branded product portfolio.

In our Vegetable Oils business, lower end-product prices, which came off record highs of FY23 and normalized during FY24, resulted in lower segment margins as compared to FY23. For Astec Lifesciences, FY24 was a challenging year as it was severely impacted by acute demand-supply imbalance which resulted in unremunerative realizations in respect of its key enterprise products.

During the year, Godrej Agrovet also focused on achieving the long-term sustainability targets guided by the Godrej Group's Good & Green vision. We are one of the two agricultural companies in Indian agriculture sector to be included in “A” list – leadership band of Climate Disclosure Project’s (CDP) climate disclosures. GAVL’s CDP scores are ahead of the global averages. We achieved good progress in achieving 2025 sustainability targets led by (a) 77% of energy consumption from clean renewable energy sources as against target of 90% and (b) being a water positive company already conserving 20 times more water than the consumption."

Result PDF

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Godrej Agrovet Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 595.4
R2 603.8
R3 609.7
Pivot

589.52

S1 581.1
S2 575.2
S3 566.8
EMA SMA
559.3
548.0
537.4
521.6
551.3
549.7
533.9
518.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
UNIFI CAPITAL PRIVATE LIMITED Block Purchase 2022-09-27 501 307000 NSE
UNIFI CAPITAL PRIVATE LIMITED Block Purchase 2022-09-27 501 300000 NSE
UNIFI CAPITAL PRIVATE LIMITED Block Purchase 2022-09-27 501 293000 NSE
Name Category Shares
GODREJ INDUSTRIES LIMITED PROMOTER 64.88%
RISHAD KAIKHUSHRU NAOROJI & OTHERS (PARTNERS OF RKN ENTERPRISES) PROMOTER 2.16%
JAMSHYD GODREJ, PHEROZA GODREJ & NAVROZE GODREJ (TRUSTEES OF NAVROZE LINEAGE TRUST) PROMOTER 1.08%
JAMSHYD GODREJ, PHEROZA GODREJ & NAVROZE GODREJ (TRUSTEES OF RAIKA LINEAGE TRUST) PROMOTER 1.08%
SMITA GODREJ CRISHNA, FREYAN CRISHNA BIERI, NYRIKA HOLKAR (TRUSTEES OF FVC FAMILY TRUST) PROMOTER 1.08%
SMITA GODREJ CRISHNA, FREYAN CRISHNA BIERI, NYRIKA HOLKAR (TRUSTEES OF NVC FAMILY TRUST) PROMOTER 1.08%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Godrej Agrovet Ltd Stocks COMPARISON

Financials( in Cr) Godrej Agrovet Ltd Central Depository Services (India) Ltd TBO Tek Ltd Indegene Ltd RattanIndia Enterprises Ltd
Price 586.95 2,114.80 1,606.60 585.50 76.14
% Change -0.83 0.61 2.76 -2.44 -0.52
Mcap Cr 11,281.82 22,099.66 17,445.75 14,009.20 10,524.60
Revenue TTM Cr 9,373.68 555.09 1,064.59 2,306.13 4,123.79
Net Profit TTM Cr 295.36 275.96 148.49 266.10 -286.10
PE TTM 31.36 52.73 83.53 41.76 22.27
1 Year Return 31.96 101.83 14.24 2.56 95.73
ROCE 10.56 31.39 51.92 29.51 0.89
ROE 10.47 23.93 51.90 29.12 0.82
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,337.53 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

Godrej Agrovet Ltd Information

Stock PE (TTM)
31.36
Promoter Holding
74.05%
Book Value
130.9129
ROCE
10.56%
ROE
10.47%
Description
  • Godrej Agrovet Limited is an India-based company engaged in diversified agribusiness. The company’s primary business activities include manufacturing and marketing animal feed, crop protection, palm oil, poultry, milk products, and processed food products. The company was incorporated on 25 November 1991 as a non-government company in Gujarat. As of 2 November 2022, the market capitalisation of the company stood at Rs 9,615.

    The company is registered on NSE and the BSE under the codes GODREJAGRO and 540743, respectively.

    The segments in which the company operates include vegetable oil, animal feed, dairy, poultry, crop protection, processed food, and real estate. The animal feed business of the company includes cattle, poultry, aqua, and speciality feed products. The palm oil business of the company includes products such as crude palm oil, crude palm kernel oil, and palm kernel cake. The crop protection business of the company includes products such as plant growth regulators, organic manures, and bioimplants. The subsidiaries of the company include Godrej Tyson Foods Limited, Godrej Agrochem Limited, Astec LifeSciences Limited, and Creamline Dairy Products Limited.

    In September 2022, the shareholding pattern of the company reflected that promoters held a 74.07% stake in the company, a 19.17% stake was held by retail investors, a 2.87% stake was held by domestic institutions, a 2.25% stake was invested in mutual funds, and foreign institutional investors held the remaining 1.64% stake. The company’s management team comprises Mr Nadir B Godrej (chairman), Mr Balram S Yadav (managing director), Mr Jamshyd N Godrej (non-executive and non-independent director), Mr Tanya A Dubash (non-executive and non-independent director), and Ms Nisaba Godrej (non-executive and non-independent director), among others.

    On 2 November 2022, Godrej Agrovet Limited’s shares were trading at Rs 503.85 per share at the NSE and Rs 504.23 per share at the BSE at the market opening. The 52-week high and 52-week low prices of this share at the NSE were Rs 636.25 and Rs 441.00, respectively. Godrej Agrovet Limited shares have given a one-year return of -17.03% and a six-month return of -6.98%. The top peers of the company include Century Plyboard, Tube Investments, Gujarat Gas, Nestle, Britannia, and Adani Wilmar.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

3rd Flr Pirojshanagar, Eastern Exp Highway Vikhroli(E, Mumbai, Maharashtra, 400079

Tel : 91-22-25194416
Email : gavlinvestors:godrejagrovet.com
Website : http://www.godrejagrovet.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540743
NSE Code : GODREJAGRO
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE850D01014

FAQ’s on Godrej Agrovet Ltd Shares

You can buy Godrej Agrovet Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Godrej Agrovet Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of Godrej Agrovet Ltd was Rs.586.95.

The latest PE ratio of Godrej Agrovet Ltd as of Jun 14, 2024 03:56 PM is 31.36

The latest PB ratio of Godrej Agrovet Ltd as of Jun 14, 2024 03:56 PM is 0.22

The 52-week high of Godrej Agrovet Ltd share price is Rs. 600.95 while the 52-week low is Rs. 442.95

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 Jun 14, 2024 03:56 PM, the market cap of Godrej Agrovet Ltd stood at Rs. 11,281.82.

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