GODREJAGROFast Moving Consumer Goods

Godrej Agrovet Limited

Animal Feed · ISIN INE850D01014 · BSE 540743 · NSE EQ · FV ₹10
Last price
₹654
+0.97%today
What this company does

Godrej Agrovet Limited operates in Animal Feed, part of the Fast Moving Consumer Goods sector. It booked ₹2,855 cr of revenue in its latest quarter (Q1 FY27) and kept 4.7% of sales as profit. It is the largest of 4 Animal Feed companies we track, by market value.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
58

At close. Not part of the score.

Profitability & returns73

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation40

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 9% vs last year
Promoters hold 68%
No promoter shares pledged
Strong 26% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.7% net margin
! Profit down 16% vs last year

What if I invest in GODREJAGRO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹654 +0.97%
latest close · 2026-09-17
1-year return
+4.5%
52-wk low ₹44152-wk high ₹696
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.4Average
LowAverageHigh
P/B ratio6.19High
Below bookModerateHigh
EV / EBITDA13.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.5%Strong
WeakFairStrong ▸15%
Return on capital24.5%Strong
WeakFairStrong
Net margin4.7%Thin
ThinDecentStrong
EBITDA margin8.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.68Moderate
LowModerateHigh ▸1
Interest cover6.7×Strong
RiskyOkayStrong ▸5×
Current ratio0.94Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹12,573 cr
Book value
₹106
EPS
₹6.99
latest quarter
Net debt
₹1,170 cr
owes more than its cash
Enterprise value
₹13,742 cr
EBITDA
₹1,020 cr
annualised
EBIT
₹793 cr
annualised
Operating margin
6.9%
Return on assets
8.7%
Earnings yield
4.28%
P/S
1.10
Sales / share
₹593.7
Tax rate
31.3%
Face value
₹10
Shares
19.2 cr
Working capital
₹-170 cr
Current assets
₹2,759 cr
Current liabilities
₹2,929 cr
Delivery %
44.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹186₹310, midpoint ₹248

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,855 cr
Other Income₹15 cr
Total Income₹2,870 cr
Cost of Materials₹2,056 cr
Purchases of Stock-in-Trade₹79 cr
Inventory Change (±)₹11 cr
Employee Benefit Expense₹162 cr
Finance Costs₹30 cr
Depreciation & Amortisation₹57 cr
Other Expenses₹307 cr
Total Expenses₹2,701 cr
Profit before Tax₹169 cr
Tax Expense₹53 cr
Share of JV / Associates₹13 cr
Net Profit₹128 cr
Net margin on total income4.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,146 cr74.4%
Employee benefit expense₹162 cr5.6%
Finance costs₹30 cr1.0%
Depreciation & amortisation₹57 cr2.0%
Other expenses₹307 cr10.7%
Tax expense₹53 cr1.8%
Profit for the period₹128 cr4.5%
Total income ₹2,870 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,718 cr2,333 cr2,855 cr
Total income2,737 cr2,400 cr2,870 cr
Expenses2,567 cr2,280 cr2,701 cr
Profit before tax139 cr120 cr169 cr
Tax37 cr28 cr53 cr
Net profit (owners' share)115 cr102 cr135 cr
Net margin (owners' share, on revenue)4.2%4.4%4.7%
EPS (₹)5.975.456.99
YoY (latest quarter): total income +9.3% · net profit -16.2%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹6,170 cr
Shareholder equity
₹2,032 cr
parent shareholders
Total debt
₹1,468 cr
Cash
₹299 cr
Cash flow · H1 FY26
Operating
₹332 cr
Investing
₹-138 cr
Financing
₹-220 cr
Peer comparison
Animal Feed · by market value
CompanyPriceMarket capP/E
Godrej Agrovet Limitedthis company₹654₹12,573 cr23.4
Avanti Feeds Limited₹771₹10,503 cr25.4
Mukka Proteins Limited₹28₹848 cr11.2
Narmada Agrobase Limited₹14₹53 cr17.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.68%
trailing 12 months
Dividend / share (TTM)
₹11
Last dividend
₹11
ex 29 Jul 2026
ActionDetailEx-date
Dividend₹11 / share29 Jul 2026
Dividend₹11 / share31 Jul 2025
Dividend₹10 / share26 Jul 2024
Dividend₹9.5 / share28 Jul 2023
Dividend₹9.5 / share22 Jul 2022
Dividend₹8 / share4 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
67.7%
FII / Foreign
6.5%
DII / Domestic
5.3%
Retail / others
20.5%
Promoter stake down 6.3% over the last 12 quarters.
Smart-money activity
Insider trades
SoldKarla Bookman · Promoter Group1.00 L · ₹7.6 cr20 Mar 25
BoughtPirojsha Adi Godrej · Promoter Group1.00 L · ₹7.6 cr20 Mar 25
BoughtPirojsha Adi Godrej · Promoter Group1.69 L · ₹12.4 cr12 Mar 25
Bulk / block deals
short · NSE20026 Aug 26
short · NSE90025 Aug 26
short · NSE66817 Aug 26
Stake changes
SoldV-Sciences Investments Pte Ltd→ 4.73% · 37,50024 Sep 24
SoldV Sciences Investments Pte Ltd→ 6.75% · 2.25 L13 Aug 24
BoughtMr. Pirojsha Godrej · promoter→ 5.80% · 64.37 L18 Jul 24
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 6 Aug 2025
See the official result
1
Adoption of Financial Statements for the Financial Year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
2.70 cr votes for, 453 against · 0% of mutual funds and other big investors said no
2
Declaration of Final Dividend on Equity Shares for the Financial Year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
2.70 cr votes for, 404 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Nadir Godrej (DIN: 00066195), as a “Director”, liable to retire by rotation, who has offered himself for reappointment
Backed by 94% of shareholders other than promotersneeded 50%
2.54 cr votes for, 16.54 L against · 12% of mutual funds and other big investors said no
4
Re-appointment of Ms. Tanya Dubash (DIN: 00026028) as a “Director”, liable to retire by rotation, who has offered herself for reappointment
Backed by 98% of shareholders other than promotersneeded 50%
2.66 cr votes for, 4.47 L against · 3% of mutual funds and other big investors said no
7
Approval for Amendment to the Employees Stock Grant Scheme, 2018 (ESGS 2018)
⚑ Passed only because promoters voted yes
Backed by 69% of shareholders other than promotersneeded 75%
1.86 cr votes for, 83.69 L against · 59% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 127 named members
owning 67.8% between them · as of 2026-06-30
GODREJ INDUSTRIES LIMITED65.05%
NADIR GODREJ, HORMAZD GODREJ & RATI GODREJ (TRUSTEES OF BNG FAMILY TRUST)0.45%
NADIR GODREJ, HORMAZD GODREJ & RATI GODREJ (TRUSTEES OF HNG FAMILY TRUST)0.45%
NADIR GODREJ, HORMAZD GODREJ & RATI GODREJ (TRUSTEES OF SNG FAMILY TRUST)0.45%
NISABA GODREJ & PIROJSHA GODREJ (TRUSTEES OF NG FAMILY TRUST)0.45%
PIROJSHA ADI GODREJ0.36%
TANYA DUBASH AND PIROJSHA GODREJ (TRUSTEES OF TAD FAMILY TRUST)0.31%
TANYA ARVIND DUBASH0.14%
Business done with them
FY2026 · 8 of the group
The company paid ₹165 cr to companies in the promoter group last year — about 1.6% of its ₹10,233 cr revenue and received ₹70 cr back from them.
GODREJ INDUSTRIES LIMITED
Other payments to them · Purchase of property, plant and equipment, Sundry deposits placed, Sale of materials / finished goods / other operating revenue, Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Dividend paid
also owns 65.05% of the company
₹154 cr
company paid
GODREJ INDUSTRIES LIMITED
Sold goods to them · Purchase of property, plant and equipment, Sundry deposits placed, Sale of materials / finished goods / other operating revenue, Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Dividend paid
also owns 65.05% of the company
₹66 cr
company received
GODREJ INDUSTRIES LIMITED
Bought goods from them · Purchase of property, plant and equipment, Sundry deposits placed, Sale of materials / finished goods / other operating revenue, Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Dividend paid
also owns 65.05% of the company
₹4 cr
company paid
GODREJ CONSUMER PRODUCTS LIMITED
Sold goods to them · Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Sundry income, Sale of materials / finished goods / other operating revenue, Guarantees outstanding
₹3 cr
company received
GODREJ ONE PREMISES MANAGEMENT PRIVATE LIMITED
Other payments to them · Expenses charged by / reimbursement made to other companies
₹3 cr
company paid
GODREJ CONSUMER PRODUCTS LIMITED
Other payments to them · Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Sundry income, Sale of materials / finished goods / other operating revenue, Guarantees outstanding
₹2 cr
company paid
GODREJ CONSUMER PRODUCTS LIMITED
Other income from them · Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Sundry income, Sale of materials / finished goods / other operating revenue, Guarantees outstanding
₹1 cr
company received
PIROJSHA ADI GODREJ
Other payments to them · Dividend paid, Director's commission
also owns 0.36% of the company
₹84 L
company paid
TANYA ARVIND DUBASH
Other payments to them · Dividend paid, Director's commission
also owns 0.14% of the company
₹38 L
company paid
GODREJ INDUSTRIES LIMITED
Other income from them · Purchase of property, plant and equipment, Sundry deposits placed, Sale of materials / finished goods / other operating revenue, Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Dividend paid
also owns 65.05% of the company
₹19 L
company received
GODREJ SEEDS & GENETICS LIMITED
Other payments to them · Purchase of materials / finished goods / services
₹19 L
company paid
Sasha Godrej
Other payments to them · Dividend paid
also owns 0.05% of the company
₹10 L
company paid
Karla Bookman
Other payments to them · Dividend paid
also owns 0.05% of the company
₹10 L
company paid
GODREJ CONSUMER PRODUCTS LIMITED
Bought goods from them · Purchase of materials / finished goods / services, Expenses charged to / reimbursement received from other companies, Expenses charged by / reimbursement made to other companies, Sundry income, Sale of materials / finished goods / other operating revenue, Guarantees outstanding
₹6 L
company paid

The company also transacted with 27 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.