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GODREJAGRO - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.0

Stock Code GODREJAGRO Market Cap 10,003 Cr. Current Price 519 ₹ High / Low 876 ₹
Stock P/E 17.2 Book Value 141 ₹ Dividend Yield 2.12 % ROCE 24.4 %
ROE 20.9 % Face Value 10.0 ₹ DMA 50 567 ₹ DMA 200 656 ₹
Chg in FII Hold -0.92 % Chg in DII Hold 0.20 % PAT Qtr 177 Cr. PAT Prev Qtr 169 Cr.
RSI 38.0 MACD -13.9 Volume 94,374 Avg Vol 1Wk 1,37,768
Low price 506 ₹ High price 876 ₹ PEG Ratio 1.46 Debt to equity 0.57
52w Index 3.55 % Qtr Profit Var 34.2 % EPS 30.2 ₹ Industry PE 20.1

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT increased from 169 Cr. to 177 Cr., showing steady growth with 34.2% YoY variation.
  • Margins: ROE at 20.9% and ROCE at 24.4% reflect strong profitability and efficient capital utilization.
  • Debt Ratios: Debt-to-equity at 0.57 indicates moderate leverage compared to peers.
  • Cash Flows: Stable operating cash flows supported by diversified agribusiness operations.
  • Return Metrics: EPS at 30.2 ₹ highlights consistent earnings generation.

💹 Valuation Indicators

  • P/E Ratio: 17.2, below industry PE of 20.1, suggesting undervaluation.
  • P/B Ratio: ~3.7 (Current Price / Book Value), reasonable for agribusiness sector.
  • PEG Ratio: 1.46, fair valuation considering growth prospects.
  • Intrinsic Value: Current price (519 ₹) is near support levels, offering potential upside if profitability sustains.

🏢 Business Model & Competitive Advantage

  • Operates in agribusiness with focus on animal feed, crop protection, and dairy.
  • Competitive advantage lies in strong brand presence, diversified portfolio, and distribution reach.
  • Resilient business model with steady demand from agriculture and allied sectors.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 500 ₹ – 520 ₹ (near 52-week low and below DMA 50).
  • Long-Term Holding: Suitable for long-term investors seeking exposure to agribusiness growth, though leverage should be monitored.

Positive

  • Strong ROE and ROCE.
  • Dividend yield of 2.12% provides income support.
  • Undervalued compared to industry PE.
  • Consistent PAT growth.

Limitation

  • Moderate debt-to-equity ratio (0.57) increases financial risk.
  • Stock trading below DMA 50 and DMA 200 indicates weak momentum.
  • RSI at 38 suggests oversold conditions.

Company Negative News

  • Reduction in FII holdings (-0.92%) shows cautious foreign investor sentiment.

Company Positive News

  • Quarterly PAT growth and rising domestic institutional inflows (+0.20%).
  • Strong brand presence and diversified agribusiness portfolio.

Industry

  • Agribusiness sector remains resilient with steady demand for food and allied products.
  • Industry PE at 20.1 reflects moderate optimism and stable valuations.

Conclusion

  • Godrej Agrovet is a fundamentally strong agribusiness company with healthy profitability and dividend support.
  • Valuation is attractive compared to industry, though debt levels and weak momentum are concerns.
  • Best suited for long-term investors seeking exposure to agriculture growth, with entry near current support levels for better risk-reward.

I can also contrast Godrej Agrovet’s valuation and profitability with peers like Avanti Feeds or UPL to highlight its relative positioning in the agribusiness sector.

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