Godrej Agrovet Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹10,642 Cr
- P/E
- 22.69
- ROE
- 20.89%
- PEG
- 0.97
- Price to sales
- 1.00
- Debt to equity
- 0.77
- 52W high / low
- ₹676 / ₹513
- Sales growth (5Y)
- 10.30%
- EBITDA margin
- 7.96%
- Net profit margin
- 4.23%
- Promoter holding
- 67.72%
- Sales (last year)
- ₹10,474 Cr
Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. [1]
Guidance scorecard · Q1 FY27 call
What Godrej Agrovet Ltd's management guided
and where it ranks in Food Products
Food Products
RevenueQ1 FY27 call
10–20%- Oil Palm Business: Expected high single-digit to early double-digit FFB (Fresh Fruit Bunch) volume growth over the next 3-5 years due to area expansion and multiple growth pillars.
- Crop Care Business: Anticipated double-digit growth in revenues, with new product launches (Ashitaka, Takai, Ghassnash) gaining market traction, though short-term impact from delayed monsoon persists.
- Animal Nutrition Business: Fish feed growing at 20%+, cattle feed dominating with 55-56% share and growing at 15%. Non-cattle feeds growing healthily with focus on profitable geographies and premiumization.
- Dairy Business: Experiencing volume growth in value-added products, aiming for portfolio premiumization and route-to-market transformation for improved profitability.
- Godrej Foods: Branded volumes growing (~6%) with Yummiez up 22%, focusing on building a higher-quality branded foods portfolio.
2 more points from Godrej Agrovet Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Godrej Agrovet Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Godrej Agrovet has planned overall capex of around INR 300-350 crores at the business level, which includes ongoing and planned investments.
- Capex is planned in phases over 3-4 quarters and is assumed in current guidance.
- The company targets a high IRR (16-18%) from these investments.
- These capex projects aim to transform the oil palm business into a full integrated upstream-to-downstream value-added business, including specialty food ingredients.
FundraisingQ1 FY27 call
See what Godrej Agrovet Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- CDMO segment: Orders and discussions are ongoing; some demand shifted from H1 to H2, indicating active order pipeline.
- Crop Care business: New product launches and segment diversification underway, suggesting future order inflows.
- Palm oil and animal nutrition segments: Expansion and volume growth expected, implying growing business demand.
- Overall outlook: Management expresses confidence in double-digit growth for the year with positive demand outlook in latter half.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Food Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Food Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹459 Cr | 7.9 | |
| 2 | 40%+ | Up 2%+ | ₹454 Cr | 79.8 | |
| 3 | 40%+ | Flat | ₹1,061 Cr | 48.2 | |
| 4 | 40%+ | Flat | ₹157 Cr | 10.5 | |
| 5 | 20–40% | Up 2%+ | ₹671 Cr | 48.3 | |
| 6 | 20–40% | Up 2%+ | ₹265 Cr | 7.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Food Products rankingFinancials of Godrej Agrovet Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Godrej Agrovet Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,095 | 2,510 | 2,571 | 2,345 | 2,134 | 2,351 | 2,449 | 2,450 | 2,134 | 2,614 | 2,567 | 2,718 | 2,333 |
| Expenses + | 2,020 | 2,317 | 2,369 | 2,186 | 1,986 | 2,125 | 2,225 | 2,230 | 1,987 | 2,345 | 2,354 | 2,477 | 2,194 |
| Operating Profit | 75 | 193 | 201 | 159 | 148 | 226 | 223 | 220 | 147 | 270 | 213 | 242 | 139 |
| OPM % | 4% | 8% | 8% | 7% | 7% | 10% | 9% | 9% | 7% | 10% | 8% | 9% | 6% |
| Other Income + | 23 | 32 | 20 | 21 | 20 | 25 | 25 | 22 | 25 | 24 | 18 | -5 | 78 |
| Interest | 27 | 29 | 28 | 25 | 25 | 30 | 40 | 34 | 29 | 35 | 40 | 35 | 29 |
| Depreciation | 48 | 53 | 53 | 53 | 56 | 55 | 58 | 57 | 56 | 58 | 57 | 56 | 58 |
| Profit before tax | 23 | 142 | 141 | 102 | 87 | 166 | 150 | 151 | 87 | 200 | 135 | 146 | 130 |
| Tax % | -4% | 25% | 26% | 19% | 25% | 21% | 36% | 27% | 24% | 26% | 38% | 25% | 21% |
| Net Profit + | 23 | 107 | 104 | 83 | 65 | 132 | 96 | 110 | 66 | 149 | 84 | 110 | 102 |
| EPS in Rs | 1.61 | 5.48 | 5.48 | 4.78 | 2.97 | 7.03 | 5.84 | 5.80 | 3.68 | 8.35 | 4.81 | 5.97 | 5.45 |
Financials of Godrej Agrovet Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,312 | 3,750 | 4,911 | 5,186 | 5,918 | 6,964 | 6,267 | 8,306 | 9,374 | 9,561 | 9,383 | 10,233 |
| Expenses + | 3,043 | 3,579 | 4,471 | 4,741 | 5,462 | 6,475 | 5,703 | 7,637 | 8,851 | 8,856 | 8,562 | 9,369 |
| Operating Profit | 269 | 171 | 440 | 445 | 456 | 489 | 564 | 669 | 523 | 704 | 821 | 864 |
| OPM % | 8% | 5% | 9% | 9% | 8% | 7% | 9% | 8% | 6% | 7% | 9% | 8% |
| Other Income + | 104 | 315 | 95 | 58 | 154 | 49 | 90 | 109 | 139 | 90 | 93 | 116 |
| Interest | 65 | 98 | 86 | 45 | 34 | 42 | 46 | 63 | 99 | 108 | 133 | 138 |
| Depreciation | 37 | 52 | 75 | 86 | 98 | 148 | 154 | 173 | 185 | 214 | 226 | 229 |
| Profit before tax | 271 | 336 | 375 | 372 | 477 | 349 | 453 | 542 | 378 | 473 | 554 | 612 |
| Tax % | 22% | 22% | 27% | 32% | 27% | 14% | 23% | 23% | 22% | 24% | 27% | 27% |
| Net Profit + | 210 | 261 | 273 | 251 | 349 | 301 | 348 | 419 | 295 | 359 | 403 | 445 |
| EPS in Rs | 22.69 | 28.19 | 13.44 | 11.94 | 17.13 | 15.94 | 16.33 | 20.96 | 15.71 | 18.71 | 22.35 | 24.58 |
| Dividend Payout % | 114% | 16% | 33% | 38% | 26% | 34% | 49% | 45% | 60% | 53% | 49% | 45% |
Financials of Godrej Agrovet Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 93 | 93 | 185 | 192 | 192 | 192 | 192 | 192 | 192 | 192 | 192 | 192 |
| Reserves | 548 | 690 | 824 | 1,219 | 1,457 | 1,646 | 1,859 | 2,076 | 2,145 | 2,324 | 2,189 | 1,840 |
| Borrowings + | 685 | 1,372 | 664 | 410 | 398 | 651 | 1,007 | 1,599 | 1,433 | 1,416 | 1,396 | 1,574 |
| Other Liabilities + | 417 | 957 | 1,535 | 1,714 | 2,183 | 2,183 | 1,721 | 1,689 | 1,673 | 1,734 | 1,729 | 2,564 |
| Total Liabilities | 1,742 | 3,111 | 3,208 | 3,535 | 4,230 | 4,672 | 4,779 | 5,556 | 5,444 | 5,667 | 5,505 | 6,170 |
| Fixed Assets + | 693 | 1,507 | 1,473 | 1,492 | 2,051 | 2,178 | 2,298 | 2,407 | 2,568 | 2,806 | 2,912 | 2,825 |
| CWIP | 138 | 64 | 50 | 190 | 94 | 153 | 141 | 90 | 204 | 192 | 64 | 178 |
| Investments | 37 | 59 | 175 | 195 | 117 | 129 | 124 | 160 | 158 | 177 | 139 | 115 |
| Other Assets + | 873 | 1,481 | 1,509 | 1,657 | 1,969 | 2,211 | 2,216 | 2,900 | 2,513 | 2,492 | 2,391 | 3,052 |
| Total Assets | 1,742 | 3,111 | 3,208 | 3,535 | 4,230 | 4,672 | 4,779 | 5,556 | 5,444 | 5,667 | 5,505 | 6,170 |
Financials of Godrej Agrovet Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 109 | 168 | 897 | 354 | 448 | 240 | -2 | -120 | 874 | 678 | 969 | 1,281 |
| Cash from Investing Activity + | -131 | -428 | -63 | -253 | -233 | -255 | -187 | -208 | -284 | -327 | -82 | -150 |
| Cash from Financing Activity + | -79 | 278 | -812 | -125 | -217 | 36 | 189 | 311 | -594 | -328 | -901 | -869 |
| Net Cash Flow | -101 | 18 | 22 | -24 | -2 | 21 | -0 | -17 | -5 | 23 | -13 | 262 |
| Free Cash Flow | -1 | 43 | 702 | 109 | 207 | -18 | -251 | -388 | 595 | 301 | 758 | 1,047 |
| CFO/OP | 61% | 125% | 222% | 98% | 122% | 69% | 20% | 5% | 185% | 114% | 136% | 167% |
Financials of Godrej Agrovet Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 44 | 39 | 44 | 45 | 45 | 48 | 42 | 22 | 20 | 22 | 24 |
| Inventory Days | 54 | 83 | 71 | 70 | 72 | 60 | 78 | 83 | 66 | 70 | 66 | 65 |
| Days Payable | 30 | 42 | 81 | 82 | 99 | 87 | 58 | 40 | 35 | 32 | 47 | 80 |
| Cash Conversion Cycle | 54 | 85 | 29 | 31 | 18 | 17 | 68 | 84 | 54 | 58 | 42 | 10 |
| Working Capital Days | 49 | -51 | -26 | -8 | -3 | -7 | 7 | 6 | -4 | 1 | -2 | -17 |
| ROCE % | 24% | 17% | 19% | 20% | 18% | 15% | 16% | 16% | 10% | 14% | 17% | 20% |
Guidance history
How Godrej Agrovet Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
24 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −16.7% | 42% |
| Last 6 months | −7.2% | 44% |
| Last 3 months | −0.6% | 66% |
The price is 34.1% below its all-time high of ₹839.1 (25 Jul 2025). Stocks more than 20% below their peak have their score halved, so 48 became 24.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Godrej Agrovet Ltd: 0.4 × 42 + 0.4 × 44 + 0.2 × 66 = 48, halved to 24 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Godrej Agrovet Ltd's management said in earlier quarters
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