Godrej Agrovet Ltd., integrated within the yr 1991, is a Mid Cap firm (having a market cap of Rs 9901.05 Crore) working in Agriculture/Horticulture/Livestock sector.
The most important product/income segments of Godrej Agrovet Restricted embody Animal Feed, Oil Vegetable, Crop Safety, Different, Different Working Income for the yr ended 31-March-2022.
For the quarter ended 30-06-2022, the Firm reported Consolidated Whole Revenue of Rs.2517.53 Crore, up 17.98% from final quarter’s Whole Revenue of Rs.2133.92 Crore and 25.67% over final yr’s corresponding quarter of Rs.2003.21 Crore. above. Firm has reported Web Revenue after Tax of Rs 74.97 Crore in newest quarter.
Godrej Agrovet’s profitability confronted turmoil attributable to a pointy fall in cattle feed (49.6% in Q1 FY23) margins; A pointy correction in soybean costs, whereas the corporate had high-cost stock, resulted in animal feed’s EBIT falling 61.6% year-on-year. Nevertheless, on the income entrance, progress remained sturdy throughout sectors (crop safety). The corporate has additionally gained market share in sub-segments like broiler feed, shrimp feed, cattle feed and dairy. It fashions GAVL to report income and PAT CAGR of 21.1% and 16% throughout FY 2012-24E, and stays assured of worth creation (ROE > value of fairness). This cuts earnings estimates to issue within the firm’s decrease profitability in Q1FY23.
As of June 30-June-2022, promoters held 73.7 per cent stake within the firm, whereas FIIs held 1.48 per cent, DIIs 2.89 per cent.
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