Financials Godrej Agrovet Limited Bombay S.E.

Equities

GODREJAGRO

INE850D01014

Fishing & Farming

Market Closed - Bombay S.E. 06:00:50 2024-04-26 am EDT 5-day change 1st Jan Change
543.7 INR +0.10% Intraday chart for Godrej Agrovet Limited -0.52% -2.47%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 97,608 70,623 100,607 84,943 79,305 104,611 - -
Enterprise Value (EV) 1 101,187 76,300 109,526 100,256 92,224 117,984 118,678 116,032
P/E ratio 29.9 x 23.1 x 32.1 x 21.1 x 26.3 x 28.1 x 23.1 x 19 x
Yield 0.89% 1.5% 1.53% 2.15% 2.3% 1.77% 1.88% 2.09%
Capitalization / Revenue 1.65 x 1.01 x 1.61 x 1.02 x 0.85 x 1.07 x 0.96 x 0.86 x
EV / Revenue 1.71 x 1.1 x 1.75 x 1.21 x 0.98 x 1.2 x 1.08 x 0.95 x
EV / EBITDA 22.2 x 15.6 x 19.4 x 15.1 x 17.6 x 16.9 x 14.4 x 11.5 x
EV / FCF 48.9 x -430 x -43.6 x -25.6 x 17.9 x 42.6 x 45.8 x 36.8 x
FCF Yield 2.05% -0.23% -2.29% -3.9% 5.58% 2.35% 2.19% 2.72%
Price to Book 5.97 x 3.84 x 4.9 x 3.74 x 3.39 x 4.24 x 3.86 x 3.43 x
Nbr of stocks (in thousands) 192,029 192,042 192,072 192,113 192,161 192,211 - -
Reference price 2 508.3 367.8 523.8 442.2 412.7 544.2 544.2 544.2
Announcement Date 5/6/19 5/11/20 5/7/21 5/9/22 5/9/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 59,238 69,640 62,667 83,061 93,737 98,192 109,538 122,164
EBITDA 1 4,558 4,885 5,638 6,654 5,228 6,995 8,256 10,101
EBIT 1 3,577 3,404 4,098 4,921 3,373 4,643 6,330 7,931
Operating Margin 6.04% 4.89% 6.54% 5.92% 3.6% 4.73% 5.78% 6.49%
Earnings before Tax (EBT) 1 4,773 3,486 4,531 4,914 3,457 4,426 6,003 7,450
Net income 1 3,290 3,062 3,137 4,026 3,019 3,711 4,587 5,668
Net margin 5.55% 4.4% 5.01% 4.85% 3.22% 3.78% 4.19% 4.64%
EPS 2 16.99 15.94 16.33 20.95 15.71 19.34 23.60 28.60
Free Cash Flow 1 2,071 -177.5 -2,510 -3,911 5,148 2,772 2,594 3,152
FCF margin 3.5% -0.25% -4.01% -4.71% 5.49% 2.82% 2.37% 2.58%
FCF Conversion (EBITDA) 45.43% - - - 98.47% 39.63% 31.41% 31.2%
FCF Conversion (Net income) 62.94% - - - 170.52% 74.7% 56.54% 55.61%
Dividend per Share 2 4.500 5.500 8.000 9.500 9.500 9.660 10.22 11.40
Announcement Date 5/6/19 5/11/20 5/7/21 5/9/22 5/9/23 - - -
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 2/4/21 5/7/21 8/10/21 11/9/21 2/4/22 5/9/22 7/29/22 11/4/22 2/8/23 5/9/23 8/1/23 - - - -
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 14,067 11,422
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 1.704 x 1.131 x
Free Cash Flow 1 2,071 -178 -2,510 -3,911 5,148 2,772 2,594 3,152
ROE (net income / shareholders' equity) 21.5% 17.6% 16.1% 19.3% 13.1% 14.1% 16.7% 18.6%
ROA (Net income/ Total Assets) - - - 8.01% 5.45% 8.1% 8.2% 8.5%
Assets 1 - - - 50,245 55,350 45,820 55,943 66,680
Book Value Per Share 2 85.10 95.70 107.0 118.0 122.0 128.0 141.0 159.0
Cash Flow per Share - - -0.1000 - - - - -
Capex 1 2,407 2,575 2,492 2,710 3,592 2,921 2,844 2,761
Capex / Sales 4.06% 3.7% 3.98% 3.26% 3.83% 2.97% 2.6% 2.26%
Announcement Date 5/6/19 5/11/20 5/7/21 5/9/22 5/9/23 - - -
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
OUTPERFORM
Number of Analysts
8
Last Close Price
544.2 INR
Average target price
548 INR
Spread / Average Target
+0.69%
Consensus