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Godrej Agrovet

GODREJAGRO NSE
₹595.20 +11.85 (+2.03%)
P/E
25.63
View as Markdown
MCP
Close 4 Nov 2026 ₹595.20 −23.70 −3.83% 1Y
Start ₹618.90

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
19.20%
Debt to Equity
0.77
EPS (TTM)
₹23.22
Book Value
₹105.62
Market Cap
—
P/E (TTM)
25.63
P/B
5.64
ROE
20.90%
Dividend Yield
1.89%
EBITDA
₹969 Cr
52W High
₹698.40
52W Low
₹506.10
Day Range
₹580.20 – ₹598.10
Volume
1,39,736

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
73
Strong
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
37
Poor
Solvency, leverage, coverage 9% weight
Momentum
59
Good
Trend strength, vol-adjusted 12% weight
Ownership
55
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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: -6.30%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsBearish351
Moving AveragesStrong Bearish703

Key readings

RSI (14)
45.65
Neutral
MACD (12,26,9)
−15.88
Bearish
SMA (50)
631.70
Bearish
SMA (200)
590.08
Bullish

As of

Analyst Rating

Based on 5 analysts
BUY100%

5 of 5 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
5
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.56%
5Y+10.30%
3Y+2.97%
1Y+9.06%
TTM+8.56%

Net profit

Net profit growth by window
10Y+5.48%
5Y+5.04%
3Y+14.69%
1Y+10.42%
TTM+0.71%

Operating cash flow

Operating cash flow growth by window
10Y+22.52%
5YTurned positive
3Y+13.59%
1Y+32.20%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+3.88 pp
5Y−0.56 pp
3Y+2.86 pp
1Y−0.31 pp
TTM−0.95 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,911 Cr
Mar 2018₹5,186 Cr
Mar 2019₹5,918 Cr
Mar 2020₹6,964 Cr
Mar 2021₹6,267 Cr
Mar 2022₹8,306 Cr
Mar 2023₹9,374 Cr
Mar 2024₹9,561 Cr
Mar 2025₹9,383 Cr
Mar 2026₹10,233 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹273 Cr
Mar 2018₹251 Cr
Mar 2019₹349 Cr
Mar 2020₹301 Cr
Mar 2021₹348 Cr
Mar 2022₹419 Cr
Mar 2023₹295 Cr
Mar 2024₹359 Cr
Mar 2025₹403 Cr
Mar 2026₹445 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹289 Cr +9.3% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Godrej Agrovet is a diversified agribusiness company with a market cap of Rs 10,859 crore, trading at a PE of 24.2x. The company has shown improving profitability with last year ROE at 22% and compounded profit growth of 26% over 3 years, but the stock has declined 28% over the past year amid modest sales growth of 3% CAGR over 3 years.

Bull Case 7
  • ROE improved to 22% in the last year from a 5-year average of 17%, indicating enhanced capital efficiency
  • Compounded profit growth of 26% over 3 years significantly outpaces sales growth, reflecting margin expansion and operational leverage
  • Healthy dividend payout ratio of 49.1% with a current dividend yield of 1.97%, providing consistent income to shareholders
  • Long-term compounded sales CAGR of 11% over 10 years demonstrates sustained revenue scale-up across business verticals
  • TTM profit growth of 14% indicates continued earnings momentum in the most recent period
  • Compounded profit growth of 12% over 10 years shows a consistent long-term track record of earnings compounding
  • TTM sales growth of 9% shows recovery from the sluggish 3-year CAGR of 3%, suggesting improving demand environment
Bear Case 8
  • Stock has declined 28% over the past 1 year, significantly underperforming broader markets and indicating negative sentiment
  • Promoter holding has decreased by 6.33% over the last 3 years, raising concerns about promoter confidence or stake dilution
  • Compounded sales growth of only 3% over 3 years is well below inflation, indicating volume or pricing challenges
  • 5-year stock CAGR of -3% means the stock has destroyed value for medium-term investors despite profit growth
  • Price-to-book ratio of 5.3x is elevated for an agribusiness company with 5-year sales growth of only 10.3%
  • 5-year compounded sales growth of 10% is described as poor for the sector, suggesting competitive or structural headwinds
  • PE of 24.2x is not cheap given the modest single-digit TTM revenue growth of 9%
  • 3-year stock CAGR of only 7% lags behind earnings growth of 26% CAGR over the same period, suggesting re-rating risk or market skepticism

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

AI News Digest

121d ago

TL;DR: Godrej Agrovet is returning cash to shareholders with an ₹11/share dividend, signaling confidence in earnings. No material headwinds emerged in recent weeks. The HR leadership exit is routine and the clean promoter holding structure removes governance concerns. The near-term outlook is stable, with the August 5 AGM likely to provide forward guidance on growth priorities.

Positives 1
  • ₹11 final dividend declared Jul 1

    Godrej Agrovet announced a final dividend of ₹11 per share for FY26. The 35th AGM is scheduled for August 5, 2026.

Neutral 2
  • HR Head resigns Jun 22

    Mallika Mutreja resigns as Head - Human Resources effective August 6, 2026, to pursue an external opportunity.

  • Promoter shares fully unencumbered Jun 17

    Godrej Industries confirmed zero encumbrance on Godrej Agrovet promoter shares during FY 2025-26, complying with SEBI takeover regulations.

Quarterly Results

₹ Cr
GODREJAGRO quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,510
2,571
2,345
2,134
2,351
2,449
2,450
2,134
2,614
2,567
2,718
2,333
2,855
Expenses
2,317
2,369
2,186
1,986
2,125
2,225
2,230
1,987
2,345
2,354
2,477
2,194
2,615
Operating Profit
193
201
159
148
226
223
220
147
270
213
242
139
240
OPM %
8%
8%
7%
7%
10%
9%
9%
7%
10%
8%
9%
6%
8%
Other Income
32
20
21
20
25
25
22
25
24
18
−5
78
27
Interest
29
28
25
25
30
40
34
29
35
40
35
29
30
Depreciation
53
53
53
56
55
58
57
56
58
57
56
58
57
PBT
142
141
102
87
166
150
151
87
200
135
146
130
181
Tax %
25%
26%
19%
25%
21%
36%
27%
24%
26%
38%
25%
21%
29%
Net Profit
107
104
83
65
132
96
110
66
149
84
110
102
128
EPS (₹)
5.48
5.48
4.78
2.97
7.03
5.84
5.8
3.68
8.35
4.81
5.97
5.45
6.99

Profit & Loss

₹ Cr
GODREJAGRO profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
10,474
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
9,640
Operating Profit
269
171
440
445
456
489
564
669
523
704
821
864
834
OPM %
8%
4.6%
9%
9%
8%
7%
9%
8%
6%
7%
9%
8%
8%
Other Income
104
315
95
58
154
49
90
109
139
90
93
116
119
Interest
65
98
86
45
34
42
46
63
99
108
133
138
133
Depreciation
37
52
75
86
98
148
154
173
185
214
226
229
228
PBT
271
336
375
372
477
349
453
542
378
473
554
612
593
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
425
EPS (₹)
22.69
28.19
13.44
11.94
17.13
15.94
16.33
20.96
15.71
18.71
22.35
24.58
23.22
Div. Payout %
114%
16%
33%
38%
26%
34%
49%
45%
60%
53%
49%
45%
—

Balance Sheet

₹ Cr
GODREJAGRO balance sheet, annual, ₹ crore
Particulars 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
2,555
Total Liabilities
1,742
3,111
3,208
3,535
4,230
4,672
4,779
5,556
5,444
5,667
5,505
6,161
Fixed Assets
693
1,507
1,473
1,492
2,051
2,178
2,298
2,407
2,568
2,806
2,912
2,803
CWIP
138
64
50
190
94
153
141
90
204
192
64
201
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
3,042
Total Assets
1,742
3,111
3,208
3,535
4,230
4,672
4,779
5,556
5,444
5,667
5,505
6,161

Cash Flow

₹ Cr
GODREJAGRO cash flow, annual, ₹ crore
Particulars 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

Ratios

GODREJAGRO financial ratios, annual
Particulars 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%
19%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Godrej Agrovet insights

62 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 67.72%
  • Public 12.35%
  • Others 7.76%
  • FIIs 6.60%
  • DIIs 5.56%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Godrej Agrovet

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.
Where is Godrej Agrovet Ltd (GODREJAGRO) listed?
Godrej Agrovet Ltd trades as GODREJAGRO on the NSE and under code 540743 on the BSE.
Which sector does Godrej Agrovet Ltd belong to?
Godrej Agrovet Ltd is classified under the Food Products sector, in the Animal Feed industry.
What is the PE ratio of Godrej Agrovet Ltd?
Godrej Agrovet Ltd trades at a PE ratio of 25.63 as of 4 Nov 2026, on earnings per share of ₹23.22, against a book value of ₹105.62 per share.
What is the 52-week high and low of Godrej Agrovet Ltd?
Over the last 52 weeks Godrej Agrovet Ltd has traded between ₹506.1 and ₹698.4 as of 4 Nov 2026.
Does Godrej Agrovet Ltd pay dividends?
Godrej Agrovet Ltd has a dividend yield of 1.89%.
What is the Return on Equity (ROE) of Godrej Agrovet Ltd?
Godrej Agrovet Ltd reported a return on equity of 20.90%. Its debt-to-equity ratio is 0.77.

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.

Website godrejagrovet.com
CEO Mr. Burjis Nadir Godrej
Employees 2,693
Listed 16 Oct 2017
Face Value ₹10

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