GODREJ AGROVET LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 553.2 INR | -0.41% |
|
-0.44% | -0.77% |
| May. 09 | Transcript : Godrej Agrovet Limited, Q4 2024 Earnings Call, May 09, 2024 | |
| May. 08 | Godrej Agrovet Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 97,608 | 70,623 | 100,607 | 84,943 | 79,305 | 106,349 | - | - |
| Enterprise Value (EV) 1 | 101,187 | 76,300 | 109,526 | 100,256 | 92,224 | 93,607 | 106,349 | 119,490 |
| P/E ratio | 29.9 x | 23.1 x | 32.1 x | 21.1 x | 26.3 x | 26 x | 23.6 x | 18.9 x |
| Yield | 0.89% | 1.5% | 1.53% | 2.15% | 2.3% | 1.75% | 1.75% | 2.07% |
| Capitalization / Revenue | 1.65 x | 1.01 x | 1.61 x | 1.02 x | 0.85 x | 0.98 x | 1.01 x | 0.89 x |
| EV / Revenue | 1.71 x | 1.1 x | 1.75 x | 1.21 x | 0.98 x | 0.98 x | 1.01 x | 1 x |
| EV / EBITDA | 22.2 x | 15.6 x | 19.4 x | 15.1 x | 17.6 x | 13.3 x | 12.6 x | 11.9 x |
| EV / FCF | 48.9 x | -430 x | -43.6 x | -25.6 x | 17.9 x | 43.2 x | 56.7 x | 35.6 x |
| FCF Yield | 2.05% | -0.23% | -2.29% | -3.9% | 5.58% | 2.32% | 1.76% | 2.81% |
| Price to Book | 5.97 x | 3.84 x | 4.9 x | 3.74 x | 3.39 x | 4.31 x | 3.85 x | 3.5 x |
| Nbr of stocks (in thousands) | 192,029 | 192,042 | 192,072 | 192,113 | 192,161 | 192,261 | - | - |
| Reference price 2 | 508.3 | 367.8 | 523.8 | 442.2 | 412.7 | 553.2 | 553.2 | 553.2 |
| Announcement Date | 5/6/19 | 5/11/20 | 5/7/21 | 5/9/22 | 5/9/23 | 5/8/24 | - | - |
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 | 95,606 | 104,974 | 118,939 |
| EBITDA 1 | 4,558 | 4,885 | 5,638 | 6,654 | 5,228 | 7,014 | 8,412 | 10,031 |
| EBIT 1 | 3,577 | 3,404 | 4,098 | 4,921 | 3,373 | 4,872 | 6,164 | 7,541 |
| Operating Margin | 6.04% | 4.89% | 6.54% | 5.92% | 3.6% | 5.1% | 5.87% | 6.34% |
| Earnings before Tax (EBT) 1 | 4,773 | 3,486 | 4,531 | 4,914 | 3,457 | 4,206 | 5,543 | 7,216 |
| Net income 1 | 3,290 | 3,062 | 3,137 | 4,026 | 3,019 | 3,597 | 4,516 | 5,612 |
| Net margin | 5.55% | 4.4% | 5.01% | 4.85% | 3.22% | 3.76% | 4.3% | 4.72% |
| EPS 2 | 16.99 | 15.94 | 16.33 | 20.95 | 15.71 | 18.71 | 23.48 | 29.22 |
| Free Cash Flow 1 | 2,071 | -177.5 | -2,510 | -3,911 | 5,148 | 2,772 | 1,874 | 3,356 |
| FCF margin | 3.5% | -0.25% | -4.01% | -4.71% | 5.49% | 2.82% | 1.79% | 2.82% |
| FCF Conversion (EBITDA) | 45.43% | - | - | - | 98.47% | 39.63% | 22.28% | 33.46% |
| FCF Conversion (Net income) | 62.94% | - | - | - | 170.52% | 74.7% | 41.49% | 59.81% |
| Dividend per Share 2 | 4.500 | 5.500 | 8.000 | 9.500 | 9.500 | 9.660 | 9.675 | 11.44 |
| Announcement Date | 5/6/19 | 5/11/20 | 5/7/21 | 5/9/22 | 5/9/23 | 5/8/24 | - | - |
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 | 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 | - | 13,141 |
| 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 | - | 1.31 x |
| Free Cash Flow 1 | 2,071 | -178 | -2,510 | -3,911 | 5,148 | 2,772 | 1,874 | 3,357 |
| ROE (net income / shareholders' equity) | 21.5% | 17.6% | 16.1% | 19.3% | 13.1% | 14.1% | 16.4% | 18.5% |
| ROA (Net income/ Total Assets) | - | - | - | 8.01% | 5.45% | 8.1% | 7.5% | 9.4% |
| Assets 1 | - | - | - | 50,245 | 55,350 | 45,820 | 60,218 | 59,700 |
| 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% | 2.78% | 2.46% |
| Announcement Date | 5/6/19 | 5/11/20 | 5/7/21 | 5/9/22 | 5/9/23 | 5/8/24 | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
553.2
INR
Average target price
580.9
INR
Spread / Average Target
+5.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.77% | 1.28B | |
| +12.78% | 3.41B | |
| -95.58% | 1.61B | |
| -1.65% | 1.61B | |
| +0.77% | 1.3B | |
| -.--% | 1.24B | |
| -11.54% | 1.23B | |
| 0.00% | 1.2B | |
| +8.27% | 1.2B | |
| -9.94% | 1.13B |
- Stock Market
- Equities
- GODREJAGRO Stock
- Financials Godrej Agrovet Limited
