GODREJAGRO

Godrej Agrovet Limited

Agribusiness firm with animal feed, crop protection, dairy and packaged foods

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Animal Feed

godrejagrovet.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹632.85
Market cap
12,177 Cr
Stock P/E
27.4
P/B
5.99
Dividend yield
1.7%
ROE (FY26)
20.6%
ROCE (FY26)
20.7%
Operating margin (FY26)
6.2%
Debt / equity (FY26)
0.72
OCF / EBITDA (FY26)
148.4%
OCF / EBITDA (3Y)
123.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Godrej Agrovet is a Godrej group agribusiness that sells animal feed and nutrition products to Indian farmers and also makes crop-protection chemicals, dairy products and packaged foods and grows oil palm.

Company snapshot

1stBy market cap

Ranked among 5 companies in Animal Feed.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 52.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Animal Feed
52.0%
1,274 Cr77 Cr1,825 Cr
Crop Protection Business
7.9%
193 Cr12 Cr1,573 Cr
Dairy
15.1%
370 Cr9 Cr756 Cr
Others
1.2%
29 Cr-3 Cr124 Cr
Poultry and Processed Food
8.8%
216 Cr7 Cr498 Cr
Vegetable Oil
19.9%
488 Cr115 Cr594 Cr

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓123% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,571 Cr2,345 Cr2,134 Cr2,351 Cr2,449 Cr2,450 Cr2,134 Cr2,614 Cr2,567 Cr2,718 Cr2,333 Cr2,855 Cr
Operating expenses (approx.)2,369 Cr2,186 Cr1,986 Cr2,125 Cr2,225 Cr2,230 Cr1,987 Cr2,345 Cr2,354 Cr2,477 Cr2,194 Cr2,615 Cr
EBITDA201 Cr159 Cr148 Cr226 Cr223 Cr220 Cr147 Cr270 Cr213 Cr242 Cr139 Cr240 Cr
OPM %7.8%6.8%6.9%9.6%9.1%9.0%6.9%10.3%8.3%8.9%6.0%8.4%
Other income11 Cr8 Cr10 Cr9 Cr13 Cr9 Cr13 Cr12 Cr8 Cr18 Cr68 Cr15 Cr
Interest28 Cr25 Cr25 Cr30 Cr40 Cr34 Cr29 Cr35 Cr40 Cr35 Cr29 Cr30 Cr
Depreciation53 Cr53 Cr56 Cr55 Cr58 Cr57 Cr56 Cr58 Cr57 Cr56 Cr58 Cr57 Cr
Profit before tax141 Cr102 Cr87 Cr166 Cr150 Cr151 Cr87 Cr200 Cr135 Cr146 Cr130 Cr181 Cr
Tax %26.2%18.7%25.1%20.8%36.1%27.4%23.6%25.8%37.6%25.1%21.3%29.2%
Net profit104 Cr83 Cr65 Cr132 Cr96 Cr110 Cr66 Cr149 Cr84 Cr110 Cr102 Cr128 Cr
EPS (₹)₹5.48₹4.78₹2.97₹7.03₹5.84₹5.80₹3.68₹8.35₹4.81₹5.97₹5.45₹6.99

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,926 Cr5,206 Cr5,871 Cr6,964 Cr6,267 Cr8,306 Cr9,374 Cr9,561 Cr9,383 Cr10,233 CrSign in free for the trailing twelve months
Operating expenses (approx.)4,488 Cr4,763 Cr5,415 Cr6,476 Cr5,703 Cr7,641 Cr8,851 Cr8,859 Cr8,567 Cr9,369 CrSign in free for the trailing twelve months
EBITDA438 Cr443 Cr456 Cr488 Cr564 Cr665 Cr523 Cr701 Cr816 Cr864 CrSign in free for the trailing twelve months
OPM %8.9%8.5%7.8%7.0%9.0%8.0%5.6%7.3%8.7%8.4%Sign in free for the trailing twelve months
Other income59 Cr32 Cr53 Cr47 Cr40 Cr80 Cr108 Cr41 Cr43 Cr106 CrSign in free for the trailing twelve months
Interest86 Cr45 Cr34 Cr42 Cr46 Cr63 Cr99 Cr108 Cr133 Cr138 CrSign in free for the trailing twelve months
Depreciation75 Cr86 Cr98 Cr148 Cr154 Cr173 Cr185 Cr214 Cr226 Cr229 CrSign in free for the trailing twelve months
Profit before tax375 Cr372 Cr477 Cr349 Cr453 Cr542 Cr378 Cr473 Cr554 Cr612 CrSign in free for the trailing twelve months
Tax %27.1%32.5%26.8%13.8%23.3%22.6%21.8%24.0%27.2%27.3%Sign in free for the trailing twelve months
Net profit273 Cr251 Cr349 Cr301 Cr348 Cr419 Cr295 Cr359 Cr403 Cr445 CrSign in free for the trailing twelve months
EPS (₹)₹12.55₹12.02₹16.99₹15.94₹16.34₹20.96₹15.71₹18.71₹22.35₹24.58Sign in free for the trailing twelve months
Dividend payout %————32.3%38.0%62.2%51.1%47.7%47.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital185 Cr192 Cr192 Cr192 Cr192 Cr192 Cr192 Cr192 Cr192 Cr192 Cr
Reserves824 Cr1,219 Cr1,457 Cr1,646 Cr1,859 Cr2,076 Cr2,145 Cr2,324 Cr2,189 Cr1,840 Cr
Borrowings660 Cr403 Cr388 Cr618 Cr943 Cr1,566 Cr1,321 Cr1,309 Cr1,281 Cr1,468 Cr
Other liabilities1,292 Cr1,469 Cr1,796 Cr1,861 Cr1,395 Cr1,329 Cr1,421 Cr1,474 Cr1,632 Cr2,538 Cr
Total liabilities3,214 Cr3,552 Cr4,234 Cr4,700 Cr4,799 Cr5,584 Cr5,486 Cr5,703 Cr5,516 Cr6,170 Cr
Fixed assets (net)1,222 Cr1,248 Cr1,722 Cr1,828 Cr1,954 Cr2,060 Cr2,198 Cr2,405 Cr2,500 Cr2,392 Cr
CWIP50 Cr190 Cr92 Cr150 Cr137 Cr81 Cr190 Cr173 Cr40 Cr178 Cr
Investments175 Cr195 Cr117 Cr129 Cr124 Cr160 Cr158 Cr177 Cr139 Cr122 Cr
Loans & advances——18 Cr19 Cr27 Cr40 Cr5 Cr19 Cr24 Cr10 Cr
Inventories738 Cr763 Cr899 Cr944 Cr980 Cr1,429 Cr1,344 Cr1,383 Cr1,259 Cr1,358 Cr
Trade receivables522 Cr632 Cr735 Cr854 Cr823 Cr951 Cr574 Cr519 Cr572 Cr673 Cr
Cash & bank54 Cr30 Cr28 Cr49 Cr49 Cr31 Cr27 Cr50 Cr37 Cr299 Cr
Other assets453 Cr496 Cr623 Cr727 Cr706 Cr832 Cr989 Cr978 Cr946 Cr1,138 Cr
Total assets3,214 Cr3,552 Cr4,234 Cr4,700 Cr4,799 Cr5,584 Cr5,486 Cr5,703 Cr5,516 Cr6,170 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity897 Cr354 Cr448 Cr240 Cr-2 Cr-120 Cr874 Cr678 Cr969 Cr1,281 Cr
Cash from investing-63 Cr-253 Cr-237 Cr-255 Cr-187 Cr-208 Cr-284 Cr-327 Cr-82 Cr-150 Cr
Cash from financing-812 Cr-125 Cr-217 Cr36 Cr189 Cr311 Cr-594 Cr-328 Cr-901 Cr-869 Cr
Net cash flow22 Cr-24 Cr-6 Cr21 Cr-0.12 Cr-17 Cr-5 Cr23 Cr-13 Cr262 Cr
Free cash flow (OCF − Capex)692 Cr108 Cr172 Cr-24 Cr-258 Cr-391 Cr515 Cr294 Cr745 Cr984 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.0%20.0%21.0%13.7%14.7%14.2%11.7%13.7%17.7%20.7%
ROE %19.7%14.9%16.1%13.8%12.7%15.0%11.0%12.3%16.5%20.6%
Debtor days39444645484222202224
Inventory days74737566828468716868
Days payable859210391614135324883
Cash conversion cycle2826172068855459429
OCF / EBITDA %204.9%79.9%98.2%49.1%-0.3%-18.0%167.2%96.7%118.8%148.4%
OCF / EBITDA % (3 years)——127.1%75.1%45.5%6.9%42.9%75.8%123.6%123.0%
Debt / equity0.650.290.240.340.460.690.570.520.540.72
Current ratio0.830.950.990.961.081.060.971.040.990.94
Net debt / EBITDA1.38—0.791.171.592.312.481.791.521.35