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Godrej Agrovet Limited
NSE: GODREJAGRO · Fast Moving Consumer Goods
₹601.60+1.22%06 Nov 2026
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Instant answers about Godrej Agrovet Limited — computed from its filings, no language modelMarket cap₹11,572 cr
Current price₹601.60
High / Low₹676 / ₹513
P/E26.1
P/B5.69
Book value₹105.6
ROE21.9%
ROCE19.6%
Debt / equity0.72
Dividend yield1.83%
EPS (TTM)₹23.09
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,206 | 5,871 | 6,964 | 6,267 | 8,306 | 9,374 | 9,561 | 10,233 |
| EBITDA | 443 | 456 | 488 | 564 | 665 | 523 | 701 | 864 |
| Operating margin | 8.5% | 7.8% | 7.0% | 9.0% | 8.0% | 5.6% | 7.3% | 8.4% |
| Interest | 45 | 34 | 42 | 46 | 63 | 99 | 108 | 138 |
| Depreciation | 86 | 98 | 148 | 154 | 173 | 185 | 214 | 229 |
| Profit before tax | 356 | 465 | 336 | 403 | 491 | 346 | 421 | 572 |
| Tax | 121 | 128 | 48 | 106 | 122 | 82 | 113 | 167 |
| Net profit | 229 | 329 | 306 | 314 | 403 | 302 | 360 | 445 |
| EPS ₹ | 12.02 | 16.99 | 15.94 | 16.34 | 20.96 | 15.71 | 18.71 | 24.58 |
| Operating cash flow | — | — | — | — | -120 | 874 | 678 | 1,281 |
| Capex | — | — | — | — | 271 | 359 | 384 | 297 |
| Dividend paid | — | — | — | — | 159 | 184 | 184 | 212 |
| Total assets | — | — | — | — | — | 5,486 | 5,703 | 6,170 |
| Equity | — | — | — | — | — | 2,338 | 2,517 | 2,032 |
Quarterly performance
last 33 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,195 | 1,484 | 1,588 | 1,454 | 1,344 | 1,703 | 1,851 | 1,783 | 1,628 | 1,554 | 1,724 | 1,526 | 1,462 | 1,993 | 2,154 | 2,078 | 2,081 | 2,510 | 2,445 | 2,324 | 2,095 | 2,510 | 2,571 | 2,345 | 2,134 | 2,351 | 2,449 | 2,450 | 2,614 | 2,567 | 2,718 | 2,333 | 2,855 |
| Operating profit | 74 | 139 | 141 | 101 | 75 | 142 | 120 | 101 | 126 | 166 | 173 | 112 | 112 | 170 | 190 | 136 | 169 | 162 | 150 | 136 | 75 | 193 | 201 | 159 | 148 | 226 | 223 | 220 | 270 | 213 | 242 | 139 | 240 |
| Operating margin | 6.2% | 9.4% | 8.9% | 6.9% | 5.6% | 8.3% | 6.5% | 5.6% | 7.8% | 10.7% | 10.0% | 7.4% | 7.7% | 8.5% | 8.8% | 6.6% | 8.1% | 6.4% | 6.1% | 5.9% | 3.6% | 7.7% | 7.8% | 6.8% | 6.9% | 9.6% | 9.1% | 9.0% | 10.3% | 8.3% | 8.9% | 6.0% | 8.4% |
| Other income | 11 | 4 | 34 | 5 | 11 | 10 | 11 | 9 | 16 | 8 | 8 | 13 | 10 | 10 | 6 | 10 | 53 | 8 | 9 | 78 | 13 | 12 | 11 | 8 | 10 | 9 | 13 | 9 | 12 | 8 | 18 | 68 | 15 |
| Interest | 8 | 8 | 8 | 10 | 7 | 10 | 13 | 11 | 8 | 13 | 10 | 6 | 18 | 13 | 16 | 16 | 18 | 22 | 26 | 25 | 27 | 29 | 28 | 25 | 25 | 30 | 40 | 34 | 35 | 40 | 35 | 29 | 30 |
| Depreciation | 22 | 22 | 24 | 26 | 26 | 35 | 37 | 37 | 38 | 37 | 39 | 39 | 39 | 41 | 42 | 44 | 46 | 45 | 46 | 47 | 48 | 53 | 53 | 53 | 56 | 55 | 58 | 57 | 58 | 57 | 56 | 58 | 57 |
| Profit before tax | 55 | 113 | 142 | 70 | 141 | 107 | 81 | 62 | 86 | 125 | 133 | 80 | 65 | 126 | 138 | 68 | 159 | 103 | 87 | 143 | 13 | 122 | 132 | 89 | 77 | 151 | 138 | 138 | 188 | 125 | 139 | 120 | 168 |
| Tax | 19 | 39 | 45 | 24 | 19 | 36 | -21 | 17 | 17 | 34 | 35 | 22 | 15 | 33 | 38 | 18 | 35 | 28 | 22 | 33 | -1 | 35 | 37 | 19 | 22 | 34 | 54 | 41 | 52 | 51 | 37 | 28 | 53 |
| Net profit | 25 | 80 | 94 | 41 | 114 | 76 | 104 | 52 | 75 | 89 | 108 | 62 | 57 | 106 | 112 | 65 | 122 | 83 | 72 | 116 | 31 | 105 | 105 | 92 | 57 | 135 | 112 | 111 | 161 | 93 | 115 | 102 | 134 |
| EPS ₹ | 1.27 | 4.14 | 4.91 | 2.09 | 5.88 | 3.96 | 5.41 | 2.69 | 3.89 | 4.61 | 5.57 | 3.21 | 2.95 | 5.52 | 5.69 | 3.39 | 6.37 | 4.30 | 3.73 | 6.06 | 1.61 | 5.48 | 5.48 | 4.78 | 2.97 | 7.03 | 5.84 | 5.80 | 8.35 | 4.81 | 5.97 | 5.45 | 6.99 |
| Revenue YoY | — | — | — | — | 12.5% | 14.7% | 16.5% | 22.6% | 21.1% | -8.7% | -6.9% | -14.4% | -10.1% | 28.2% | 25.0% | 36.2% | 42.3% | 25.9% | 13.5% | 11.8% | 0.7% | 0.0% | 5.1% | 0.9% | 1.9% | -6.4% | -4.8% | 4.5% | 11.2% | 4.8% | 11.0% | — | 9.2% |
| Profit YoY | — | — | — | — | 353.9% | -5.3% | 10.4% | 26.1% | -34.4% | 16.5% | 3.6% | 19.4% | -24.1% | 19.7% | 4.1% | 5.6% | 116.1% | -22.0% | -36.0% | 78.9% | -74.6% | 27.3% | 46.9% | -21.1% | 84.2% | 28.3% | 6.6% | 21.4% | 18.8% | -17.6% | 3.0% | — | -16.2% |
Earlier results (standalone, Sep '17 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginGodrej Agrovet Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| SEP '17† | DEC '17† | |
|---|---|---|
| Revenue | 1,042 | 866 |
| Operating profit | 122 | 68 |
| Operating margin | 11.7% | 7.8% |
| Other income | 10 | 6 |
| Interest | 11 | 8 |
| Depreciation | 13 | 13 |
| Profit before tax | 108 | 52 |
| Tax | 33 | 18 |
| Net profit | 75 | 34 |
| EPS ₹ | 4.03 | 1.76 |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.6% | 17.9% | 12.9% | 13.9% | 15.1% | 14.1% | 14.3% | 15.5% | 16.7% | 17.6% | 23.1% | 21.9% |
| ROCE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.4% | 15.6% | 12.2% | 12.9% | 13.6% | 12.2% | 13.8% | 14.6% | 13.8% | 15.2% | 20.3% | 19.6% |
| Net margin | 4.2% | 5.6% | 5.3% | 5.3% | 5.2% | 4.4% | 4.7% | 4.8% | 5.2% | 5.0% | 4.9% | 4.7% | 4.4% | 4.9% | 4.3% | 3.8% | 4.2% | 3.2% | 3.5% | 3.8% | 3.5% | 3.8% | 4.1% | 4.3% | 4.4% | 4.6% | 4.2% |
| EBITDA margin | 8.0% | 7.8% | 7.5% | 6.9% | 6.5% | 7.0% | 7.5% | 8.5% | 9.0% | 9.0% | 8.5% | 8.2% | 7.9% | 8.0% | 7.5% | 6.8% | 6.6% | 5.6% | 5.9% | 6.4% | 6.6% | 7.3% | 7.8% | 8.2% | 8.7% | 8.4% | 8.0% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.70 | 0.70 | 0.57 | 0.57 | 0.62 | 0.62 | 0.52 | 0.52 | 0.76 | 0.76 | 0.72 | 0.72 |
| Interest coverage | 12.11 | 14.73 | 13.80 | 10.97 | 10.56 | 9.06 | 8.98 | 10.80 | 12.49 | 9.67 | 9.65 | 8.77 | 7.32 | 8.79 | 7.54 | 6.11 | 6.46 | 4.49 | 4.41 | 4.75 | 4.25 | 4.90 | 5.14 | 4.78 | 4.88 | 5.14 | 5.16 |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.69 | 1.73 | 1.71 | 1.71 | 1.68 | 1.68 | 1.68 | 1.65 | 1.55 | 1.57 | 1.66 | 1.70 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|
| Share capital | 192 | 192 | 192 | 192 | 192 | 192 | 192 |
| Other equity / reserves | 1,999 | 2,145 | 2,173 | 2,324 | 2,178 | 1,618 | 1,840 |
| Total equity | 2,191 | 2,338 | 2,366 | 2,517 | 2,370 | 1,810 | 2,032 |
| Borrowings | 1,542 | 1,321 | 1,456 | 1,308 | 1,801 | 2,040 | 1,468 |
| Current liabilities | 2,494 | 2,378 | 2,378 | 2,193 | 2,783 | 3,696 | 2,929 |
| Non-current liabilities | 298 | 364 | 518 | 589 | 566 | 459 | 1,078 |
| Total assets | 5,398 | 5,486 | 5,667 | 5,703 | 5,985 | 6,105 | 6,170 |
| Property, plant & equipment | 2,092 | 2,198 | 2,321 | 2,405 | 2,539 | 2,457 | 2,392 |
| Capital work-in-progress | 77 | 190 | 197 | 173 | 32 | 134 | 178 |
| Investments | 165 | 158 | 150 | 177 | 203 | 93 | 115 |
| Inventories | 1,082 | 1,344 | 1,301 | 1,383 | 1,439 | 1,513 | 1,358 |
| Receivables | 902 | 574 | 633 | 519 | 714 | 732 | 673 |
| Cash & equivalents | 14 | 27 | 23 | 50 | 9 | 10 | 299 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|
| Cash from operations | -120 | 874 | 678 | 1,281 |
| Cash from investing | -208 | -284 | -327 | -150 |
| Cash from financing | 311 | -594 | -328 | -869 |
| Capex | 271 | 359 | 384 | 297 |
| Free cash flow | -391 | 515 | 294 | 984 |
| Dividends paid | 159 | 184 | 184 | 212 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹2,392 cr39%
CWIP₹178 cr3%
Investments₹115 cr2%
Inventories₹1,358 cr22%
Receivables₹673 cr11%
Cash & equivalents₹299 cr5%
Other assets₹1,155 cr19%
Peer comparison
largest in Fast Moving Consumer Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Unilever Ltd. | 4,69,624 | 1,998.40 | 31.2 | 9.62 | 30.8% |
| ITC Ltd. | 3,54,801 | 283.15 | 18.8 | 4.97 | 26.4% |
| Nestle India Ltd. | 2,47,229 | 1,282.10 | 244.9 | 42.80 | 17.5% |
| Varun Beverages Ltd. | 1,48,153 | 438.00 | 42.7 | 6.81 | 16.0% |
| Marico Ltd. | 1,16,708 | 897.75 | 57.8 | 24.65 | 42.6% |
| Britannia Industries Ltd. | 1,15,271 | 4,785.00 | 43.2 | 27.13 | 62.9% |
| Tata Consumer Products Ltd. | 1,07,511 | 1,086.30 | 63.2 | 4.86 | 7.7% |
| United Spirits Ltd. | 1,02,805 | 1,418.00 | 55.6 | 11.34 | 20.4% |
| Godrej Consumer Products Ltd. | 87,083 | 851.00 | 41.2 | 6.90 | 16.8% |
| Dabur India Ltd. | 67,474 | 380.35 | 33.3 | 5.87 | 17.6% |
| Godrej Agrovet Limited | 11,572 | 601.60 | 26.1 | 5.69 | 21.9% |
StoxGud checklist: Bullish setup · 7/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-5.9%
6 months+2.6%
1 year-9.8%
3Y CAGR+7.6%
5Y CAGR-0.8%
10Y CAGR—
50-day avg₹631.96
200-day avg₹590.67
RSI (14)42
FAQs
What is the share price of Godrej Agrovet Limited?
Godrej Agrovet Limited (GODREJAGRO) closed at ₹601.60 on NSE on 06 Nov 2026.
What is the market cap of Godrej Agrovet Limited?
₹11,572 crore at the latest close.
What is the P/E ratio of Godrej Agrovet Limited?
26.1, on trailing-twelve-month earnings from its filings.
How fast is Godrej Agrovet Limited growing?
Godrej Agrovet Limited: revenue has compounded at 7.2% a year over three years; net profit at 3.4% a year. Latest-quarter revenue is up 9.2% year on year, profit down 16.2%.
How profitable is Godrej Agrovet Limited?
On a trailing-twelve-month basis return on equity is 21.9%, return on capital employed 19.6%, operating margin 8.0%, net margin 4.2%.
How much debt does Godrej Agrovet Limited have?
Godrej Agrovet Limited is moderately geared: debt to equity is 0.72 with borrowings of ₹1,468 cr against cash of ₹299 cr (balance sheet of 2026-03-31). Operating profit covers interest 5.2 times.
Financials parsed from Godrej Agrovet Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Godrej Agrovet Limited · advanced chart