Projected Income Statement: Godrej Agrovet Limited

Forecast Balance Sheet: Godrej Agrovet Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 8,919 15,313 12,920 12,556 12,811 16,675 14,844 12,830
Change - 71.69% -15.63% -2.82% 2.03% 30.16% -10.98% -13.57%
Announcement Date 07/05/21 09/05/22 09/05/23 08/05/24 30/04/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: Godrej Agrovet Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,492 2,710 3,592 3,844 2,247 2,538 2,680 2,800
Change - 8.78% 32.54% 7.01% -41.55% 12.94% 5.62% 4.48%
Free Cash Flow (FCF) 1 -2,510 -3,911 5,148 2,936 7,447 4,840 4,510 6,384
Change - -55.81% 231.64% -42.97% 153.62% -35.01% -6.82% 41.57%
Announcement Date 07/05/21 09/05/22 09/05/23 08/05/24 30/04/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Godrej Agrovet Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 9% 8.01% 5.58% 7.34% 8.7% 8.68% 9.45% 10.19%
EBIT Margin (%) 6.54% 5.92% 3.6% 5.1% 6.29% 6.38% 7.15% 7.97%
EBT Margin (%) 7.23% 5.92% 3.69% 4.4% 5.33% 5.44% 6.36% 7.41%
Net margin (%) 5.01% 4.85% 3.22% 3.76% 4.58% 4.51% 5.16% 5.81%
FCF margin (%) -4.01% -4.71% 5.49% 3.07% 7.94% 4.74% 4.08% 5.27%
FCF / Net Income (%) -80% -97.14% 170.52% 81.64% 173.29% 104.98% 79.1% 90.75%

Profitability

        
ROA - 8.01% 5.45% 6.43% 7.19% - - -
ROE 16.13% 19.26% 13.11% 14.82% 16.46% 19.47% 22.53% 23.88%

Financial Health

        
Leverage (Debt/EBITDA) 1.58x 2.3x 2.47x 1.79x 1.57x 1.88x 1.42x 1.04x
Debt / Free cash flow -3.55x -3.92x 2.51x 4.28x 1.72x 3.45x 3.29x 2.01x

Capital Intensity

        
CAPEX / Current Assets (%) 3.98% 3.26% 3.83% 4.02% 2.39% 2.48% 2.42% 2.31%
CAPEX / EBITDA (%) 44.2% 40.73% 68.71% 54.8% 27.53% 28.61% 25.65% 22.71%
CAPEX / FCF (%) -99.27% -69.3% 69.78% 130.91% 30.17% 52.43% 59.43% 43.86%

Items per share

        
Cash flow per share 1 -0.0958 - - - - - - -
Change - - - - - - - -
Dividend per Share 1 8 9.5 9.5 10 11 11.78 12.8 14.44
Change - 18.75% 0% 5.26% 10% 7.09% 8.66% 12.81%
Book Value Per Share 1 106.8 118.1 121.6 130.9 135.4 124.5 142 163.1
Change - 10.57% 3.01% 7.64% 3.38% -8.02% 14.04% 14.89%
EPS 1 16.33 20.95 15.71 18.71 22.34 23.95 29.64 36.6
Change - 28.29% -25.01% 19.1% 19.4% 7.21% 23.76% 23.48%
Nbr of stocks (in thousands) 1,92,072 1,92,113 1,92,161 1,92,211 1,92,266 1,92,329 1,92,329 1,92,329
Announcement Date 07/05/21 09/05/22 09/05/23 08/05/24 30/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 24.3x 19.6x
PBR 4.68x 4.1x
EV / Sales 1.26x 1.15x
Yield 2.02% 2.2%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
582.25INR
Average target price
784.00INR
Spread / Average Target
+34.65%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. GODREJAGRO Stock
  4. Financials Godrej Agrovet Limited