Financials Godrej Agrovet Limited

Equities

GODREJAGRO

INE850D01014

Fishing & Farming

Market Closed - NSE India S.E. 05:13:54 28/06/2024 pm IST 5-day change 1st Jan Change
675.3 INR +1.35% Intraday chart for Godrej Agrovet Limited +9.55% +21.14%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 97,608 70,623 1,00,607 84,943 79,305 1,29,834 - -
Enterprise Value (EV) 1 1,01,187 76,300 1,09,526 1,00,256 92,224 93,607 1,43,009 1,42,825
P/E ratio 29.9 x 23.1 x 32.1 x 21.1 x 26.3 x 26 x 28.2 x 22.8 x
Yield 0.89% 1.5% 1.53% 2.15% 2.3% 1.43% 1.61% 1.81%
Capitalization / Revenue 1.65 x 1.01 x 1.61 x 1.02 x 0.85 x 0.98 x 1.23 x 1.09 x
EV / Revenue 1.71 x 1.1 x 1.75 x 1.21 x 0.98 x 0.98 x 1.36 x 1.2 x
EV / EBITDA 22.2 x 15.6 x 19.4 x 15.1 x 17.6 x 13.3 x 16.7 x 14.1 x
EV / FCF 48.9 x -430 x -43.6 x -25.6 x 17.9 x 51.7 x 73.3 x 41.4 x
FCF Yield 2.05% -0.23% -2.29% -3.9% 5.58% 1.94% 1.36% 2.41%
Price to Book 5.97 x 3.84 x 4.9 x 3.74 x 3.39 x 5.26 x 4.7 x 4.28 x
Nbr of stocks (in thousands) 1,92,029 1,92,042 1,92,072 1,92,113 1,92,161 1,92,261 - -
Reference price 2 508.3 367.8 523.8 442.2 412.7 675.3 675.3 675.3
Announcement Date 06/05/19 11/05/20 07/05/21 09/05/22 09/05/23 08/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 59,238 69,640 62,667 83,061 93,737 95,606 1,05,479 1,19,368
EBITDA 1 4,558 4,885 5,638 6,654 5,228 7,014 8,578 10,135
EBIT 1 3,577 3,404 4,098 4,921 3,373 4,872 6,412 7,666
Operating Margin 6.04% 4.89% 6.54% 5.92% 3.6% 5.1% 6.08% 6.42%
Earnings before Tax (EBT) 1 4,773 3,486 4,531 4,914 3,457 4,206 5,708 7,321
Net income 1 3,290 3,062 3,137 4,026 3,019 3,597 4,609 5,697
Net margin 5.55% 4.4% 5.01% 4.85% 3.22% 3.76% 4.37% 4.77%
EPS 2 16.99 15.94 16.33 20.95 15.71 18.71 23.97 29.65
Free Cash Flow 1 2,071 -177.5 -2,510 -3,911 5,148 2,772 1,950 3,448
FCF margin 3.5% -0.25% -4.01% -4.71% 5.49% 2.82% 1.85% 2.89%
FCF Conversion (EBITDA) 45.43% - - - 98.47% 39.63% 22.73% 34.03%
FCF Conversion (Net income) 62.94% - - - 170.52% 74.7% 42.31% 60.54%
Dividend per Share 2 4.500 5.500 8.000 9.500 9.500 9.660 10.84 12.24
Announcement Date 06/05/19 11/05/20 07/05/21 09/05/22 09/05/23 08/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 S2
Net sales 1 15,262 14,625 19,928 21,541 20,785 20,808 25,099 24,453 23,235 20,950 25,102 25,790 24,075 22,348 -
EBITDA 1 1,124 1,122 1,695 1,904 1,362 1,692 1,616 1,503 1,363 746.2 2,138 1,884 1,558 1,494 2,916
EBIT 1 734 729.6 1,288 1,481 917.1 1,235 1,294 1,084 893.6 270.4 1,610 1,409 928 1,290 -
Operating Margin 4.81% 4.99% 6.46% 6.87% 4.41% 5.94% 5.16% 4.43% 3.85% 1.29% 6.41% 5.46% 3.85% 5.77% -
Earnings before Tax (EBT) 1 901.1 785.7 1,262 1,381 684 - 1,156 915.1 1,480 126.5 1,424 1,135 731.5 789 -
Net income 1 616 565.9 1,060 1,093 650.6 1,223 827.1 717.6 1,164 310.2 1,053 946 660.5 845 -
Net margin 4.04% 3.87% 5.32% 5.07% 3.13% 5.88% 3.3% 2.93% 5.01% 1.48% 4.2% 3.67% 2.74% 3.78% -
EPS 2 3.210 2.950 5.520 5.690 3.380 - 4.300 3.730 6.060 1.610 5.480 - 3.600 5.100 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 04/02/21 07/05/21 10/08/21 09/11/21 04/02/22 09/05/22 29/07/22 04/11/22 08/02/23 09/05/23 01/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,579 5,677 8,919 15,313 12,920 13,373 13,175 12,992
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7851 x 1.162 x 1.582 x 2.301 x 2.471 x 1.912 x 1.536 x 1.282 x
Free Cash Flow 1 2,071 -178 -2,510 -3,911 5,148 2,772 1,950 3,449
ROE (net income / shareholders' equity) 21.5% 17.6% 16.1% 19.3% 13.1% 14.1% 16.9% 18.7%
ROA (Net income/ Total Assets) - - - 8.01% 5.45% 8.1% 7.5% 9.4%
Assets 1 - - - 50,245 55,350 45,820 61,451 60,603
Book Value Per Share 2 85.10 95.70 107.0 118.0 122.0 128.0 144.0 158.0
Cash Flow per Share - - -0.1000 - - - - -
Capex 1 2,407 2,575 2,492 2,710 3,592 2,921 2,916 2,929
Capex / Sales 4.06% 3.7% 3.98% 3.26% 3.83% 2.97% 2.76% 2.45%
Announcement Date 06/05/19 11/05/20 07/05/21 09/05/22 09/05/23 08/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
675.3 INR
Average target price
626 INR
Spread / Average Target
-7.30%
Consensus
  1. Stock Market
  2. Equities
  3. GODREJAGRO Stock
  4. Financials Godrej Agrovet Limited