Company Valuation: Godrej Agrovet Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,00,607 84,943 79,305 93,607 1,44,911 1,14,503 - -
Change - -15.57% -6.64% 18.03% 54.81% -20.98% - -
Enterprise Value (EV) 1 1,09,526 1,00,256 92,224 1,06,163 1,57,722 1,31,178 1,29,348 1,27,333
Change - -8.46% -8.01% 15.11% 48.57% -16.83% -1.4% -1.56%
P/E ratio 32.1x 21.1x 26.3x 26x 33.7x 24.9x 20.1x 16.3x
PBR 4.9x 3.74x 3.39x 3.72x 5.57x 4.78x 4.19x 3.65x
PEG - 0.7x -1.1x 1.4x 1.7x 3.46x 0.8x 0.7x
Capitalization / Revenue 1.61x 1.02x 0.85x 0.98x 1.54x 1.12x 1.04x 0.95x
EV / Revenue 1.75x 1.21x 0.98x 1.11x 1.68x 1.28x 1.17x 1.05x
EV / EBITDA 19.4x 15.1x 17.6x 15.1x 19.3x 14.8x 12.4x 10.3x
EV / EBIT 26.7x 20.4x 27.3x 21.8x 26.7x 20.1x 16.4x 13.2x
EV / FCF -43.6x -25.6x 17.9x 36.2x 21.2x 27.1x 28.7x 19.9x
FCF Yield -2.29% -3.9% 5.58% 2.77% 4.72% 3.69% 3.49% 5.01%
Dividend per Share 2 8 9.5 9.5 10 11 11.78 12.8 14.44
Rate of return 1.53% 2.15% 2.3% 2.05% 1.46% 1.98% 2.15% 2.43%
EPS 2 16.33 20.95 15.71 18.71 22.34 23.95 29.64 36.6
Distribution rate 49% 45.3% 60.5% 53.4% 49.2% 49.2% 43.2% 39.5%
Net sales 1 62,667 83,061 93,737 95,606 93,828 1,02,188 1,10,556 1,21,032
EBITDA 1 5,638 6,654 5,228 7,014 8,162 8,869 10,447 12,331
EBIT 1 4,098 4,921 3,373 4,872 5,901 6,523 7,909 9,644
Net income 1 3,137 4,026 3,019 3,597 4,297 4,610 5,701 7,035
Net Debt 1 8,919 15,313 12,920 12,556 12,811 16,675 14,844 12,830
Reference price 2 523.80 442.15 412.70 487.00 753.70 595.35 595.35 595.35
Nbr of stocks (in thousands) 1,92,072 1,92,113 1,92,161 1,92,211 1,92,266 1,92,329 - -
Announcement Date 07/05/21 09/05/22 09/05/23 08/05/24 30/04/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.86x1.28x14.79x1.98% 126.43Cr
14.89x1.1x9.01x2.01% 1.52TCr
6.39x1.08x7.4x6.65% 554.26Cr
32.5x2.07x15.73x1.24% 383.31Cr
12.28x1.37x6.34x2.07% 286.25Cr
26.05x - - - 186.7Cr
8.66x0.62x5.67x6.09% 178.59Cr
9.5x - - - 173.59Cr
Average 16.89x 1.25x 9.82x 3.34% 426.19Cr
Weighted average by Cap. 15.65x 1.22x 9.36x 3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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