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Indian agribusiness making animal feed, palm oil, crop protection chemicals, dairy and poultry products.
Indian agribusiness making animal feed, palm oil, crop protection chemicals, dairy and poultry products.
Animal feed carries the group, sold to farmers through a dealer network, with palm oil, crop-protection chemicals, dairy and poultry run as separate businesses. Palm oil income depends on crude palm oil prices and fruit yields. Godrej Industries is the controlling shareholder.
Moat: narrow (scale, distribution). Leading feed-manufacturing scale and farmer relationships across several agri categories, each individually competitive.
Headquarters: Mumbai, India · Founded: 1991 · Employees: 6,981
Size Godrej Agrovet (GODREJAGRO.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.23B, the 541st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹601.60 on 6 Nov 2026.
Performance Over six months the shares gained 2.6%, against -12.2% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 8.6% over the last twelve months (peer median +0.7%); the operating margin is 5.8% (peer median 3.6%).
Valuation It trades at 21.7× forward earnings against a peer median of 12.5× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.1 points above its cost of capital (12.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹105B | ₹102B | ₹93.7B | ₹95.3B | ₹93.6B |
| Revenue growth | — | +9% | -2% | +2% | — |
| Gross profit | ₹17.8B | ₹12.5B | ₹11.4B | ₹10.1B | ₹8.17B |
| EBITDA | ₹8.34B | ₹8.73B | ₹8.18B | ₹6.89B | ₹5.21B |
| Net income | ₹4.47B | ₹4.73B | ₹4.30B | ₹3.60B | ₹3.02B |
| Free cash flow | n/a | ₹9.38B | ₹7.03B | ₹2.51B | ₹4.38B |
| Capital expenditure | n/a | ₹2.97B | ₹2.25B | ₹3.84B | ₹3.59B |
| Total debt | n/a | ₹15.7B | ₹14.0B | ₹14.2B | ₹14.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Godrej Agrovet GODREJAGRO.NS | $1.23B | +3% | +9% | 6% | 21.7× | 15.1% |
| Avanti Feeds AVANTIFEED.NS | $1.02B | -51% | +11% | 9% | 22.3× | 17.1% |
| Godrej Industries GODREJIND.NS | $3.41B | -22% | +17% | 8% | n/a | n/a |
| Kaveri Seed KSCL.NS | $373M | -32% | -3% | 18% | 13.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GODREJAGRO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -3.1% | 8th lowest of 21 |
| 6-month return | +2.6% | -12.2% | 4th highest of 21 |
| Distance from 52-week high | -13.9% | -24.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +8.6% | +0.7% | 6th highest of 21 |
| Operating margin | 5.8% | 3.6% | 7th highest of 21 |
| Forward P/E | 21.7× | 12.5× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 15.1% | 8.0% | 5th most demanding of 10 |
| Growth delivered (Del g) | +10.3% | +11.1% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | +4.8 pp | +7.5 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +8.1 pp | -3.8 pp | 2nd highest of 21 |
| EV / EBITDA | 13.9× | 10.5× | 4th most expensive of 11 |
| Net debt / EBITDA | 1.5× | 1.5× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Godrej Agrovet GODREJAGRO.NS | India | $1.23B | +3% | +9% | 6% | 21.7× | 15.1% | +10.3% |
| M.P. Evans MPE.L | United Kingdom | $1.20B | -5% | +1% | 39% | 9.7× | -9.7% | +15.6% |
| Leshan Giantstar Farming & Husbandry 603477.SS | China | $1.19B | -19% | -2% | -15% | n/a | n/a | n/a |
| Shandong Denghai Seeds 002041.SZ | China | $1.19B | -12% | -1% | 3% | 58.9× | 23.5% | +4.2% |
| Great Wall Enterprise 1210.TW | Taiwan | $1.28B | -4% | +2% | 4% | 12.0× | n/a | n/a |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 12.1× | n/a | n/a |
| Adecoagro AGRO | United States | $1.30B | -31% | +7% | 2% | 5.3× | 37.5% | +12.1% |
| Dekon Food And Agriculture 2419.HK | Hong Kong | $1.16B | -16% | -10% | -6% | n/a | -5.0% | +22.4% |
| Beijing Shunxin Agriculture 000860.SZ | China | $1.36B | -4% | -20% | -5% | n/a | n/a | n/a |
| China Modern Dairy 1117.HK | Hong Kong | $1.37B | +3% | +5% | -15% | 12.5× | n/a | n/a |
| Fujian Aonong Biological Technology Group Incorporation 603363.SS | China | $1.09B | -21% | +12% | -8% | n/a | n/a | n/a |
| Xinjiang Guannong 600251.SS | China | $1.09B | -27% | -32% | -4% | 9.4× | n/a | n/a |
| Avanti Feeds AVANTIFEED.NS | India | $1.02B | -51% | +11% | 9% | 22.3× | 17.1% | +8.0% |
| Mission Produce AVO | United States | $1.02B | -11% | -6% | 4% | 16.4× | n/a | n/a |
| Kernel KER.WA | Poland | $1.47B | 0% | -1% | 5% | 5.4× | 8.0% | -5.4% |
| Juewei Food 603517.SS | China | $1.01B | -13% | -8% | 3% | 31.3× | n/a | n/a |
| Balrampur Chini Mills BALRAMCHIN.NS | India | $1.50B | +28% | +11% | 9% | 19.5× | n/a | n/a |
| KRBL KRBL.NS | India | $990M | +8% | 0% | 16% | 12.1× | 4.2% | +8.8% |
| Shandong Yisheng Livestock & Poultry Breeding 002458.SZ | China | $1.54B | -16% | +15% | 17% | 18.2× | 6.3% | +11.1% |
| LT Foods LTFOODS.NS | India | $1.55B | -3% | +24% | 8% | 12.8× | 25.7% | +18.2% |
| Gansu Yasheng Industrial (Group) 600108.SS | China | $961M | -24% | -1% | 2% | n/a | n/a | n/a |