Godrej Agrovet Limited
NSE: GODREJAGRO · Animal Feed · sector
₹613.15NSE close 2026-10-26
Key numbers
Market cap₹11,795 cr
Price₹613.15
52w high / low₹698 / ₹506
P/E26.4xSector median 17.2x
P/B5.8xSector median 1.8x
Book value₹105.6
Dividend yield1.80%Sector median 1.80%
ROE20.1%Sector median 17.4%
ROCE19.6%Sector median 19.6%
OPM7.7%Sector median 5.1%
Debt / equity0.72xSector median 0.17x
EV/EBITDA16.1xSector median 11.8x
Interest cover5.2x
Current ratio0.94x
Sales growth 3y+3.0%Sector median +4.5%
Profit growth 3y+13.8%Sector median +29.6%
PEG1.64x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Animal Feed (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹312 cr vs borrowings ₹1,468 cr (FY26): borrowings are higher by ₹1,156 cr.
- Operating profit covered interest 5.2x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 24% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹613.15 on 2026-10-26: -12.2% from the 52-week high, +21.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹843.10 · low ₹524.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,449 | 2,450 | 2,134 | 2,614 | 2,567 | 2,718 | 2,333 | 2,855 |
| EBITDA | 223 | 220 | 147 | 270 | 213 | 211 | 139 | 240 |
| OPM % | 9.1% | 9.0% | 6.9% | 10.3% | 8.3% | 7.8% | 6.0% | 8.4% |
| Other income | 13 | 9 | 13 | 12 | 8 | 18 | 68 | 15 |
| Net profit | 112 | 111 | 71 | 161 | 93 | 115 | 102 | 134 |
| EPS (₹) | 5.84 | 5.80 | 3.68 | 8.35 | 4.81 | 5.97 | 5.45 | 6.99 |
| Revenue YoY | +4.8% | +11.0% | +9.3% | +9.2% | ||||
| Profit YoY | -17.6% | +3.0% | +44.5% | -16.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 8,306 | 9,374 | 9,561 | 9,383 | 10,233 | 10,474 |
| EBITDA | 648 | 523 | 701 | 816 | 833 | 804 |
| Net profit | 403 | 302 | 360 | 430 | 445 | 444 |
| EPS (₹) | 20.96 | 15.71 | 18.71 | 22.35 | 24.58 | 23.22 |
| Revenue growth | +12.9% | +2.0% | -1.9% | +9.1% | +8.6% | |
| Profit growth | -25.0% | +19.1% | +19.5% | +3.6% | -2.4% | |
| Dividend / share (₹) | 8.00 | 9.50 | 9.50 | 10.00 | 11.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.0% | +10.3% | +8.6% |
| Net profit | +13.8% | +7.2% | -2.4% |
| EPS | +16.1% | +8.5% | – |
| Share price | – | -10.1% (2y) | -7.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,338 | 2,517 | 2,381 | 2,032 |
| Borrowings | – | 1,321 | 1,308 | 1,281 | 1,468 |
| Cash & equivalents | – | 30 | 61 | 39 | 312 |
| Total assets | – | 5,486 | 5,703 | 5,516 | 6,170 |
| Fixed assets | – | 2,198 | 2,405 | 2,500 | 2,392 |
| Capital work in progress | – | 190 | 173 | 40 | 178 |
| Investments | – | 17 | 17 | 16 | 13 |
| Receivables | – | 574 | 519 | 572 | 673 |
| Inventory | – | 1,344 | 1,383 | 1,259 | 1,358 |
| Payables | – | 704 | 628 | 885 | 1,651 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -120 | 874 | 678 | 969 | 1,281 |
| Cash from investing | -208 | -284 | -327 | -82 | -150 |
| Cash from financing | 311 | -594 | -328 | -901 | -869 |
| Capex | 271 | 359 | 384 | 225 | 297 |
| Free cash flow | -391 | 515 | 294 | 745 | 984 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 12.9% | 14.3% | 18.0% | 21.9% |
| ROCE % | – | 12.2% | 13.8% | 17.3% | 20.3% |
| Debtor days | – | 22 | 20 | 22 | 24 |
| Inventory days | – | 66 | 70 | 66 | 65 |
| Payable days | – | 35 | 32 | 47 | 80 |
| Cash conversion cycle (days) | – | 53 | 58 | 41 | 9 |
| Working capital days | – | -3 | 3 | -1 | -6 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 67.72% |
| FIIs | 6.60% |
| DIIs | 5.56% |
| of which Mutual funds | 3.70% |
| of which Insurance | 1.70% |
| Public (non-institutions) | 20.11% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.56% | 67.56% | 67.53% | 67.53% | 67.65% | 67.74% | 67.74% | 67.72% |
| Promoter group | % |
|---|---|
| Godrej Industries Limited | 65.04% |
| Nadir Godrej, Hormazd Godrej & Rati Godrej (Trustees of HNG Family Trust) | 0.45% |
| Nisaba Godrej & Pirojsha Godrej (Trustees of NG Family Trust) | 0.45% |
| Nadir Godrej, Hormazd Godrej & Rati Godrej (Trustees of BNG Family Trust) | 0.45% |
| Nadir Godrej, Hormazd Godrej & Rati Godrej (Trustees of SNG Family Trust) | 0.45% |
| Pirojsha ADI Godrej | 0.35% |
| Tanya Dubash and Pirojsha Godrej (Trustees of TAD Family Trust) | 0.31% |
| Tanya Arvind Dubash | 0.14% |
| Karla Bookman | 0.05% |
| Sasha Godrej | 0.05% |
| Nadir Barjorji Godrej | 0.00% |
| ADI Barjorji Godrej | 0.00% |
| Nisaba Godrej | 0.00% |
| Lana Godrej | 0.00% |
| Rati Nadir Godrej | 0.00% |
| Public holders above 1% | % |
|---|---|
| V-sciences Investments PTE Ltd | 2.43% |
| Nippon Life India Trustee Ltd-a/c Nippon India SMA | 2.09% |
| Balram Singh Yadav | 1.64% |
| Life Insurance Corporation of India | 1.21% |
| Smita Godrej Crishna | 1.08% |
| Smita Godrej Crishna | 1.08% |
| Jamshyd Naoroji Godrej | 1.08% |
| Jamshyd Naoroji Godrej | 1.08% |
1,11,253 shareholders. Pledged: – of promoter shares.
Peers in Animal Feed
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GODREJAGRO | ₹11,795 cr | 26.4x | 5.8x | 20.1% | 19.6% | 7.7% | +3.0% | 1.80% |
| AVANTIFEED | ₹9,114 cr | 17.2x | 2.8x | 17.4% | 24.0% | 9.9% | +6.0% | 1.37% |
| MUKKA | ₹738 cr | 10.7x | 1.5x | 14.7% | 12.4% | 8.4% | – | – |
| KSE | ₹544 cr | 1.6x | 1.6x | 14.4% | 17.6% | 3.5% | +1.4% | 5.79% |
| SHIVAM | ₹247 cr | 39.9x | 10.0x | 28.7% | 39.4% | 3.2% | – | – |
| NARMADA | ₹85 cr | 23.5x | 1.4x | 6.2% | 8.1% | 5.1% | +16.1% | – |
| MCFL | ₹59 cr | 9.9x | 1.8x | 20.3% | 35.3% | 3.3% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Animal Nutrition | ₹4,942 cr | 46.4% | ₹347 cr | 7.0% |
| Vegetable Oil | ₹1,998 cr | 18.8% | ₹386 cr | 19.3% |
| Dairy | ₹1,589 cr | 14.9% | ₹20 cr | 1.2% |
| Crop Care Business | ₹1,188 cr | 11.2% | ₹179 cr | 15.1% |
| Poultry and processed food | ₹768 cr | 7.2% | ₹32 cr | 4.2% |
| Others | ₹157 cr | 1.5% | ₹-2 cr | -1.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-29 | Dividend | Dividend - Rs 11 Per Share |
| 2025-07-31 | Dividend | Dividend - Rs 11 Per Share |
| 2024-07-26 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Rs 9.50 Per Share |
| 2022-07-22 | Dividend | Annual General Meeting/Dividend - Rs. 9.50 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 8 Per Share |
| 2020-07-22 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2019-07-25 | Dividend | Annual General Meeting/ Dividend - Rs 4.50 Per Share |
| 2018-07-23 | Dividend | Annual General Meeting / Dividend- Rs 4.5 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Animal Feeds: Manufacture and marketing of Animal Feeds
- Crop Care: Manufacture and marketing of Agricultural Inputs / Crop Protection Products
- Vegetable Oils: Manufacture and marketing of Vegetable Oils
| Sector | Fast Moving Consumer Goods |
| Industry | Animal Feed |
| Sub-industry | Animal Feed |
| Symbol | GODREJAGRO |
| BSE code | 540743 |
| ISIN | INE850D01014 |
| Face value | ₹10.0 |
| Incorporated | 1991-11-25 |
| Website | www.godrejagrovet.com |
| Plants (India / abroad) | 27 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.