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Godrej Agrovet Ltd (GODREJAGRO)

₹555.950.1%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Godrej Agrovet Ltd share Performance

  • ₹554.5
    ₹559.9
    ₹555.95
    downward going graph

    0.26%

    Low

    Day's Volatility:0.97%

    High

    0.71%

    downward going graph
  • ₹419.25
    ₹594
    ₹555.95
    downward going graph

    24.59%

    Low

    52 Weeks Volatility:31.43%

    High

    6.84%

    downward going graph
1 Month Return+ 0.62 %
3 Month Return+ 7.68 %
1 Year Return+ 31.03 %
Previous Close₹555.40
Open₹555.40
Volume16.20K
Upper Circuit-
Lower Circuit-
Market Cap₹10,677.06Cr

Analyst Rating

based on 7 analysts

BUY
62.50%
Buy
37.50%
Hold
0.00%
Sell

Based on 7 analysts offering long term price targets for Godrej Agrovet Ltd. An average target of ₹580.86

Source: S&P Global Market Intelligence

Company Information

Godrej Agrovet Limited (GAVL), a diversified agribusiness group, is engaged in the manufacturing and marketing of high quality animal feed, crop protection, palm oil and allied products, processed food, dairy products and more. Established in 1991 as a private limited company in Gujarat, GAVL acquired agrovet division of Godrej Soaps Ltd. in 1992 and the oil palm business from Godrej Soaps Ltd. in 1997. During 2005, GAVL entered the dairy business with acquisition of 26 equity interest in Creamline Dairy. In 2012, VSciences invested in GAVL by acquiring 19.99 equity stake. In 2015, GAVL acquired a promoter holding in Astec Life Sciences Ltd. GAVL made an Initial Public Offering (IPO) in October 2017, and the stock debuted in the market at Rs 621 per share. In 2018, GAVL increased its total shareholding from 49 to 49.9 in Godrej Tyson Foods Ltd. In 2019, GAVL increased its stake in Creamline Dairy Products Ltd to 52 and took multiple steps to increase its product offering with products like Reflex Pixel Annova Beleaf Czaar Green and more. During 2020-21, GAVL launched products like Hitweed Maxx Hanabi Bloxit Veteran Prudens and Rohelus, and launched jerseys ghee in the dairy business. Moreover, in 2021, GAVL launched a cattle feed product Samruddhi in the western region increased brand awareness through digital platforms and more. GAVL also participated in the Carbon Disclosure Project under carbon and forests categories in 2022.

Share Price: ₹555.95 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹10,677.06Cr as of today
Revenue: ₹2,118.56Cr as on March 2024 (Q1 24)
Net Profit: ₹65.48Cr as on March 2024 (Q1 24)
Listing date: 16 Oct, 2017
Chairperson Name: N B Godrej
OrganisationGodrej Agrovet Ltd
HeadquartersMumbai
IndustryMiscellaneous
E-voting on sharesClick here to vote

Key events for Godrej Agrovet Ltd

  • Godrej Agrovet Reports Increase in Net Profit and EPS - 17 May, 2024

    Godrej Agrovet's standalone net sales for March 2024 were Rs. 1,496.84 crore, up 0.03% YoY. The quarterly net profit was Rs. 36.44 crore, up 18.97% YoY, with an EPS of Rs. 1.90. The stock has given returns of 16.54% over the last 6 months and 31.16% over the last 12 months.

  • Godrej Agrovet Reports Strong Operating Performance in Q4FY24 - 14 May, 2024

    Godrej Agrovet reported a strong operating performance in Q4FY24, driven by improved profitability in crop protection and a turnaround in the dairy business. The animal feed business also contributed significantly, with EBIT rising 53% YoY. However, the palm oil business recorded weaker performance. Factoring in Q4FY24 performance, EBITDA estimates for FY25/FY26 have been raised by 7%/10%. Neutral rating retained on the stock with SoTP-based TP of INR 570.

  • Godrej Agrovet Misses Analyst Forecasts, but Consensus Remains Positive - 11 May, 2024

    Godrej Agrovet missed analyst forecasts for revenues and earnings per share, but the consensus among eight analysts remains positive with a projected 9.9% increase in revenue and 28% increase in EPS by 2025. The price target of ₹548 has been reconfirmed, indicating that weaker revenue expectations are not expected to significantly impact market value.

  • Godrej Agrovet Reports Strong FY 2024 Earnings - 10 May, 2024

    Godrej Agrovet reported a strong FY 2024 with an EPS of ₹18.71, up from ₹15.71 in FY 2023. The company's revenue increased by 2.5% to ₹96.0b, and net income increased by 19% to ₹3.60b. The company is forecasting a 12% p.a. revenue growth for the next 3 years.

  • Godrej Agrovet Reports Strong Q4 Results - 09 May, 2024

    Godrej Agrovet Ltd reported a threefold YoY jump in net profit for the March quarter of FY24, reaching ₹66 crore against ₹23 crore in Q4 FY23. Revenue grew by 4.7% at ₹2194 crore. The board has recommended a final dividend of Rs 10 per share.

  • Godrej Agrovet Reports Threefold Jump in Net Profit - 08 May, 2024

    Godrej Agrovet Ltd reported a threefold YoY jump in net profit at Rs 65.5 crore for Q4 FY24 and recommended a final dividend of Rs 10 per equity share. The company's revenue from operations increased by 1.9% to Rs 2,134.3 crore compared to the corresponding period of FY23.

  • Godrej Family's Multi-Billion-Dollar Settlement to Avoid Capital Gains Tax - 06 May, 2024

    The Godrej family has opted for the family arrangement route under tax law, avoiding capital gains tax in a multi-billion-dollar settlement involving over half a dozen companies owned by the family. The restructuring fulfills conditions required to avail of tax benefits.

  • Astec Lifesciences Reports Narrowed Net Loss in Q4FY24 - 03 May, 2024

    Godrej Agrovet's subsidiary, Astec Lifesciences, reported a narrowed net loss of Rs 0.97 crore in Q4FY24 compared to the year-ago period. The company's sales rose by 21.09% to Rs 153.75 crore during the same quarter.

  • Godrej Group Companies Surge After Split Announcement - 02 May, 2024

    Shares of most Godrej group companies surged 2-8% after the founding family reached an agreement to split the conglomerate into two branches. Godrej Industries owns a 64% stake in Godrej Agrovet, valued at ₹1,000 crore.

  • Nadir and Adi Godrej's Families to Inherit Godrej Agrovet - 01 May, 2024

    As part of the restructuring plan, Godrej Agrovet Ltd will be inherited by the families of Nadir and Adi Godrej. The company is a diversified agribusiness firm with interests in animal feed, crop protection, oil palm, dairy, poultry, and processed foods.

  • Godrej Industries Holds Majority Stake in Godrej Agrovet - 30 Apr, 2024

    Godrej Industries Limited, the holding company for a diverse range of interests, including agriculture, holds a significant 64.89% stake in Godrej Agrovet Ltd.

  • Godrej Agrovet Stock Rises Despite Declining EPS - 23 Apr, 2024

    Despite a 15% drop in earnings per share, Godrej Agrovet's stock rose by 7.2%, bringing one-year gains to 31%. The market may be considering other factors beyond EPS, such as stable revenue and significant insider purchases. Further research is recommended before buying or selling the stock.

  • Godrej family begins formal division of conglomerate - 19 Apr, 2024

    The Godrej family has started the process of formally dividing their century-old conglomerate by exiting each other's companies' boards and divesting stakes in them. Adi and Nadir Godrej resigned from the board of Godrej & Boyce, while Jamshyd Godrej relinquished his seat on the boards of GCPL and Godrej Properties.

Fundamentals of Godrej Agrovet Ltd

Insights on Godrej Agrovet Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 11.03% to 11.44% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, GODREJAGRO stock has moved up by 2.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Kaveri Seed Company Ltd has given 10.3% return, outperforming this stock by 7.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Kaveri Seed Company Ltd has given 65.2% return, outperforming this stock by 34.2%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.05% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 2.59K Cr → 2.15K Cr (in ₹), with an average decrease of 8.8% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 105.38 Cr → 57.13 Cr (in ₹), with an average decrease of 25.3% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 1.66% to 1.65% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 2.58% to 2.18% in Mar 2024 quarter

Godrej Agrovet Ltd Valuation

Godrej Agrovet Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.61x)

March 24, 2020

Today (29.71x)

May 18, 2024

Industry (60.82x)

May 18, 2024

Highest (60.00x)

April 24, 2018

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.24%
ICICI Prudential Large & Mid Cap Fund Direct Plan GrowthICICI Prudential Large & Mid Cap Fund Direct Plan Growth0.28%
ICICI Prudential Smallcap Fund Direct Plan GrowthICICI Prudential Smallcap Fund Direct Plan Growth0.36%
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth0.06%
Axis Quant Fund Direct GrowthAxis Quant Fund Direct Growth0.52%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
74.05%
0.00
Foreign Institutions
1.65%
0.00
Mutual Funds
2.18%
0.00
Retail Investors
11.44%
0.00
Others
10.68%
0.00

Technicals of Godrej Agrovet Ltd share

News & Events of Godrej Agrovet Ltd

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Godrej Agrovet Ltd (GODREJAGRO) share price today is ₹555.95

Godrej Agrovet Ltd is listed on NSE

Godrej Agrovet Ltd is listed on BSE

  • Today’s highest price of Godrej Agrovet Ltd is ₹559.9.
  • Today’s lowest price of Godrej Agrovet Ltd is ₹554.5.

PE Ratio of Godrej Agrovet Ltd is 29.71

PE ratio = Godrej Agrovet Ltd Market price per share / Godrej Agrovet Ltd Earnings per share

Today’s traded volume of Godrej Agrovet Ltd(GODREJAGRO) is 16.20K.

Today’s market capitalisation of Godrej Agrovet Ltd(GODREJAGRO) is ₹10677.06Cr.

Godrej Agrovet Ltd(GODREJAGROPrice
52 Week High
₹594
52 Week Low
₹419.25

Godrej Agrovet Ltd(GODREJAGRO) share price is ₹555.95. It is down -6.41% from its 52 Week High price of ₹594

Godrej Agrovet Ltd(GODREJAGRO) share price is ₹555.95. It is up 32.61% from its 52 Week Low price of ₹419.25

Godrej Agrovet Ltd(GODREJAGROReturns
1 Day Returns
0.55%
1 Month Returns
0.62%
3 Month Returns
7.68%
1 Year Returns
31.03%