Godrej Agrovet Limited (Godrej Agrovet) signed a non-binding Memorandum of Understanding (MoU) with the State Government of Andhra Pradesh (AP). Under this MoU, the company would be investing INR 70 million to expand the dairy processing and value-added product capacities in its dairy business and set up new Samadhan Centers - one-stop solution center for Oil Palm Farmers. The MoU was signed in the presence of Shri Nara Chandrababu Naidu Garu, Hon'ble Chief Minister of Andhra Pradesh; Sunil Kataria, MD & CEO, Godrej Agrovet and Rakesh Swami, Group President - Corporate Affairs, Godrej Industries Group.
Godrej Agrovet Limited is an India-based food and agri conglomerate. The principal activities of the Company include manufacturing and marketing of animal feed, agricultural inputs and palm oil and allied products. Its segments include Animal Feed, Vegetable Oil, Crop Protection, Dairy, Poultry and Processed Food, and Others. The Companyâs Animal Feed business provides a range of products including cattle feed, poultry feed, aqua feed, and specialty feed. The Companyâs Crop Protection business provides a range of products that cater to the entire crop lifecycle. It is an oil palm developer in India and works directly with the farmers for the entire lifecycle of their crop and its range of products, including crude palm oil, crude palm kernel oil and palm kernel cake. Its dairy products are sold under the brand name Jersey. The Company manufactures and markets processed poultry and vegetarian products. The Company also offers a range of specially designed aqua feed products.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.