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Godrej Agrovet celebrates 25 years of its Biostimulant - Combine Godrej Agrovet Limited’s (GAVL) Crop Protection Business today announced that its biostimulant, Combine, has completed 25 years of enabling Indian grape farmers grow better-quality grapes. Today, India is the 11th largest exporter of grapes in the world with ~1.2 Lacs farmers growing grapes across ~3 Lac acres of total land every year. With 70% of total grapes sown being exported, the total exports have surged at a CAGR of 12.6% in the last decade. And it is herein that Diamore Combi...
Godrej Agrovet celebrates 25 years of its Biostimulant - Combine
Godrej Agrovet celebrates 25 years of its Biostimulant - Combine
Source: PR Agency
25/08/2023 5:34:00 PM
Godrej Agrovet trades higher on BSE Godrej Agrovet is currently trading at Rs. 489.90, up by 4.60 points or 0.95% from its previous closing of Rs. 485.30 on the BSE. The scrip opened at Rs. 488.95 and has touched a high and low of Rs. 491.35 and Rs. 482.55 respectively. So far 5718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Godrej Agrovet trades higher on BSE
Godrej Agrovet trades higher on BSE
Source: Accord Fintech
3/08/2023 11:07:13 AM
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit Godrej Agrovet is currently trading at Rs. 496.50, up by 9.00 points or 1.85% from its previous closing of Rs. 487.50 on the BSE. The scrip opened at Rs. 501.25 and has touched a high and low of Rs. 521.95 and Rs. 492.00 respectively. So far 83904 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at...
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit
Source: Accord Fintech
2/08/2023 1:43:31 PM
India`s Godrej Agrovet posts higher Q1 profit as costs drop India's Godrej Agrovet Ltd reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses. The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago. The easing in retail food inflation in the quarter and demand recovery in the agriculture sector aided profitability as raw material costs cooled off. Godrej Agrovet's input...
India`s Godrej Agrovet posts higher Q1 profit as costs drop
India`s Godrej Agrovet posts higher Q1 profit as costs drop
Source: Reuters
1/08/2023 5:26:08 PM
Godrej Agrovet shines on getting allotted land for oil palm in Telangana Godrej Agrovet is currently trading at Rs. 501.05, up by 27.70 points or 5.85% from its previous closing of Rs. 473.35 on the BSE. The scrip opened at Rs. 476.95 and has touched a high and low of Rs. 528.00 and Rs. 467.90 respectively. So far 106952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood ...
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Source: Accord Fintech
18/07/2023 3:43:31 PM
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers Godrej Agrovet is currently trading at Rs. 425.25, up by 2.90 points or 0.69% from its previous closing of Rs. 422.35 on the BSE. The scrip opened at Rs. 424.30 and has touched a high and low of Rs. 425.25 and Rs. 424.10 respectively. So far 39 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers
Source: Accord Fintech
18/05/2023 10:43:09 AM
Godrej Agrovet gains as its Crop Protection Business launches PYNA Godrej Agrovet is currently trading at Rs. 427.65, up by 5.70 points or 1.35% from its previous closing of Rs. 421.95 on the BSE. The scrip opened at Rs. 430.05 and has touched a high and low of Rs. 431.90 and Rs. 425.70 respectively. So far 3525 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Godrej Agrovet gains as its Crop Protection Business launches PYNA
Godrej Agrovet gains as its Crop Protection Business launches PYNA
Source: Accord Fintech
11/05/2023 12:15:30 PM
India`s Godrej Agrovet posts 75% drop in Q4 profit as costs rise India's Godrej Agrovet Ltd reported a 74.6% fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business. Consolidated net profit at the company, which competes with Venky's (India) and Kaveri Seed among others, fell to 310.2 million rupees ($3.79 million) in the seasonally weak fourth quarter ended March 31, from 1.22 billion rupees a year ago. Companies like Godrej Agrovet, which sell animal-feed to poultry farmers an...
India`s Godrej Agrovet posts 75% drop in Q4 profit as costs rise
India`s Godrej Agrovet posts 75% drop in Q4 profit as costs rise
Source: Reuters
9/05/2023 5:58:26 PM
Godrej Agrovet trades higher on entering into two sale deeds to transfer land Godrej Agrovet is currently trading at Rs. 487.00, up by 6.10 points or 1.27% from its previous closing of Rs. 480.90 on the BSE. The scrip opened at Rs. 483.90 and has touched a high and low of Rs. 490.10 and Rs. 483.90 respectively. So far 886 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 592.80 on 28-Apr-2022 and a 52 week low of Rs. 441.00 on 31-Mar-2022. Last one week high and low of the scrip stood at R...
Godrej Agrovet trades higher on entering into two sale deeds to transfer land
Godrej Agrovet trades higher on entering into two sale deeds to transfer land
Source: Accord Fintech
13/12/2022 11:46:17 AM
Buy Godrej Agrovet Ltd For Target Rs.580 - Motilal Oswal Financial Services Higher input costs impact operating performance Operational performance in line with our expectation * GOAGRO reported a subdued operating performance on the back of volatile commodity prices, higher input cost, and limited pass on of prices. * EBIT in the Animal Feed (AF)/Palm Oil business declined by 15%/16% YoY, while the same in the Crop Protection (CP) business grew 13% YoY on the back of robust revenue growth (up 44% YoY). * We largely maintain our FY23/FY24 earnings estimat...
Buy Godrej Agrovet Ltd For Target Rs.580 - Motilal Oswal Financial Services
Buy Godrej Agrovet Ltd For Target Rs.580 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/11/2022 2:12:12 PM
Add Godrej Agrovet Ltd For Target Rs.550 - ICICI Securities Lower margins but likely market share gains across segments Godrej Agrovet has reported healthy 13.5% YoY revenue growth in Q2FY23, fuelled by growth across segments. However, margins remained stressed as all segments reported margin contraction YoY. While margin in crop protection segment was impacted by input material inflation and unfavourable product mix, dairy segment’s profitability was dented due to higher procurement cost and low price hikes. We believe the company has likely...
Add Godrej Agrovet Ltd For Target Rs.550 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs.550 - ICICI Securities
Source: ICICI Securities
21/11/2022 11:49:36 AM
India`s Godrej Agrovet profit falls by 34%, hit by higher costs Indian agri-business firm Godrej Agrovet Ltd reported a 34.3% fall in second-quarter profit on Friday, hurt by weak performance in its mainstay animal feeds and vegetable oil businesses. The company's consolidated profit fell to 717.6 million Indian rupees ($8.7 million) in the three months ended Sept. 30, from 1.09 billion rupees a year earlier. Its profit before interest and tax in the animal feed business fell 14.5%, while it dropped 16% in the vegetable oil business, as higher r...
India`s Godrej Agrovet profit falls by 34%, hit by higher costs
India`s Godrej Agrovet profit falls by 34%, hit by higher costs
Source: IANS
5/11/2022 10:08:36 AM
Godrej Agrovet gains on making additional investment in Godrej Maxximilk Godrej Agrovet is currently trading at Rs. 510.60, up by 0.90 points or 0.18% from its previous closing of Rs. 509.70 on the BSE. The scrip opened at Rs. 509.05 and has touched a high and low of Rs. 528.00 and Rs. 509.05 respectively. So far 12190 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 663.25 on 13-Oct-2021 and a 52 week low of Rs. 441.00 on 31-Mar-2022. Last one week high and low of the scrip stood at...
Godrej Agrovet gains on making additional investment in Godrej Maxximilk
Godrej Agrovet gains on making additional investment in Godrej Maxximilk
Source: Accord Fintech
13/10/2022 2:28:08 PM
Buy Godrej Agrovet Ltd For Target Rs.670 - Motilal Oswal Financial Services Lower margin in AF and CP business hurts earnings Earnings lower than expected ? GOAGRO reported a subdued operating performance, with EBIT declining 62%/46% YoY in the Animal Feed (AF)/Crop Protection (CP) business. EBIT margin saw an expansion in Palm oil and GTFL. ? Revenue growth of 26% YoY was seen across businesses, except the standalone CP business (down 18% YoY), which was impacted due to deferred application opportunities for Agrochemicals, led by a delayed southwest monsoon in...
Buy Godrej Agrovet Ltd For Target Rs.670 - Motilal Oswal Financial Services
Buy Godrej Agrovet Ltd For Target Rs.670 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/09/2022 12:30:32 PM
Godrej industries gains on acquiring additional of 2.08% stake in Godrej Agrovet Godrej Industries is currently trading at Rs. 450.95, up by 1.15 points or 0.26% from its previous closing of Rs. 449.80 on the BSE. The scrip opened at Rs. 451.00 and has touched a high and low of Rs. 455.10 and Rs. 448.05 respectively. So far 2859 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 674.35 on 29-Jun-2021 and a 52 week low of Rs. 434.45 on 12-May-2022. Last one week high and low of the scrip stood a...
Godrej industries gains on acquiring additional of 2.08% stake in Godrej Agrovet
Godrej industries gains on acquiring additional of 2.08% stake in Godrej Agrovet
Source: Accord Fintech
23/05/2022 3:12:38 PM
Godrej Agrovet trades higher on reporting over 2-fold jump in Q4 consolidated net profit Godrej Agrovet is currently trading at Rs. 530.25, up by 3.40 points or 0.65% from its previous closing of Rs. 526.85 on the BSE. The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 565.00 and Rs. 530.20 respectively. So far 58157 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 746.80 on 04-Aug-2021 and a 52 week low of Rs. 441.00 on 31-Mar-2022. Last one week high and low of the scrip stood at...
Godrej Agrovet trades higher on reporting over 2-fold jump in Q4 consolidated net profit
Godrej Agrovet trades higher on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
10/05/2022 11:31:24 AM
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities Strong performance in-spite of inflationary pressures Godrej Agrovet’s Animal feed and Vegetable oil segments reported strong results; in absence of price hikes, dairy registered YoY volume led growth of 12.1%. We note (1) continued growth momentum in all feed categories led to 41.7% YoY revenue growth in Animal feed segment, (2) steep increase in palm oil prices resulted in 105.2% YoY higher revenues in Vegetable oil segment and (3) with an increase in milk procurement prices, Dairy...
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities
Source: ICICI Securities Ltd
2/04/2022 1:42:48 PM
Godrej Agrovet inches up on making additional investment of Rs 25 crore in Godrej Maxxmilk Godrej Agrovet is currently trading at Rs. 460.70, up by 1.50 points or 0.33% from its previous closing of Rs. 459.20 on the BSE. The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 462.40 and Rs. 458.50 respectively. So far 592 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 746.80 on 04-Aug-2021 and a 52 week low of Rs. 458.00 on 28-Feb-2022. Last one week high and low of the scrip stood at R...
Godrej Agrovet inches up on making additional investment of Rs 25 crore in Godrej Maxxmilk
Godrej Agrovet inches up on making additional investment of Rs 25 crore in Godrej Maxxmilk
Source: Accord Fintech
24/03/2022 10:07:48 AM
Buy Godrej Agrovet Ltd For Target Rs.755 - Motilal Oswal Higher commodity prices weigh on performance In line revenue, EBITDA/adjusted PAT below our estimate * GOAGRO reported an in line revenue with robust growth (25%). EBITDA came in below our estimate due to gross margin pressure, led by higher commodity prices. EBIT margin witnessed a contraction across segments, except Palm Oil, which was aided by higher prices. * We reduce our FY22E/FY23E earnings estimate by 9%/8%, factoring in its 2QFY22 performance. We value the stock on a So...
Buy Godrej Agrovet Ltd For Target Rs.755 - Motilal Oswal
Buy Godrej Agrovet Ltd For Target Rs.755 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/12/2021 12:52:54 PM
Add Godrej Agrovet Ltd For Target Rs.720 - ICICI Securities Palm oil segment doing well; Dairy disappoints Godrej Agrovet’s Animal feed and Vegetable oil segments reported strong results but Dairy segment reported muted numbers. We note (1) favorable base, aggressive price hikes and revival in layer and broiler feed helped Animal feed segment to report 33.9% revenue growth, (2) Steep increase in palm oil prices and better extraction rate resulted in 83.5% higher revenues of Vegetable oil segment and (3) With increase in milk procurement price...
Add Godrej Agrovet Ltd For Target Rs.720 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs.720 - ICICI Securities
Source: ICICI Securities
2/10/2021 9:51:38 AM
Buy Godrej Agrovet Ltd For Target Rs.760 - Motilal Oswal Higher commodity prices underplay robust revenue growth In line PAT, EBITDA below our estimate * GOAGRO registered robust revenue growth due to a recovery in demand across segments. The Animal Feed and Palm Oil business drove performance on the back of a demand uptick and price hike. EBITDA margin contracted by 220bp YoY due to a surge in commodity prices, thereby affecting gross margin. * We largely maintain over earnings estimate for FY22E/FY23E, as its 1Q performance was broadly i...
Buy Godrej Agrovet Ltd For Target Rs.760 - Motilal Oswal
Buy Godrej Agrovet Ltd For Target Rs.760 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/09/2021 12:01:09 PM
Buy Godrej Agrovet Ltd For Target Rs.615 - Motilal Oswal Robust performance; sustenance will be key In line performance * GOAGRO’s strong 4QFY21 performance was aided by all segments and low base of 4QFY20. EBITDA margin expanded 440bp YoY due to lower raw material costs (-340bp YoY), which led to an EBITDA growth of 133%. All segments reported a margin expansion, led by Animal Feed and standalone Crop Protection. * We have maintained the same for FY22E/FY23E as its 4QFY21 performance was in line with our estimates. We value the stoc...
Buy Godrej Agrovet Ltd For Target Rs.615 - Motilal Oswal
Buy Godrej Agrovet Ltd For Target Rs.615 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/06/2021 11:35:56 AM
Add Godrej Agrovet Ltd For Target Rs.555 - ICICI Securities Commodity price inflation to boost revenues Analysing the price curve of commodities that influence Godrej Agrovet’s (GAVL) revenues, we note: 1) the 68% increase in prices of palm oil in past one year is likely to drive revenues and profitability the Vegetable oil segment; 2) the ~8% YoY increase in milk prices will boost revenues from cattle feed, but will impact profitability of the dairy segment; 3) shrimp prices have increased from US$11.35/kg in Oct’20 to US$11.93/kg in ...
Add Godrej Agrovet Ltd For Target Rs.555 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs.555 - ICICI Securities
Source: HDFC Securities Ltd
30/03/2021 11:04:49 AM
Buy Godrej Agrovet Ltd For Target Rs.513 - HDFC Securities Our Take Godrej Agrovet is an integrated play on Agriculture sector with strong presence in Animal Feed (46% of revenue), Crop Protection (17%), Palm Oil (13%) and Dairy (15%) business. The company’s segments have been affected by the pandemic, in a mixed manner. While Crop Protection business was less impacted, Dairy, Poultry & Chicken, and Animal Feed businesses were impacted largely by procurement costs, COVID-related disruptions, and supply change issues respectively. Lower F...
Buy Godrej Agrovet Ltd For Target Rs.513 - HDFC Securities
Buy Godrej Agrovet Ltd For Target Rs.513 - HDFC Securities
Source: HDFC Securities Ltd
22/03/2021 11:47:11 AM
Buy Godrej Agrovet Ltd For Target Rs.645 - Motilal Oswal Palm Oil drags overall performance due to white-fly attack 3QFY21 earnings below expectations * GOAGRO’s 3QFY21 revenue decreased by 14% YoY due to a 23%/17%/10% decline in the Animal Feed (AF)/Palm Oil/Dairy segment. However, EBITDA margin expanded due to lower raw material costs, which led to 12% EBITDA growth. Margin expansion was witnessed in AF and Processed Foods and Dairy, but contracted in Palm Oil and Crop Protection (CP). * Factoring in the below expected performance...
Buy Godrej Agrovet Ltd For Target Rs.645 - Motilal Oswal
Buy Godrej Agrovet Ltd For Target Rs.645 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/03/2021 11:31:18 AM
Add Godrej Agrovet Ltd For Target Rs. 575 - ICICI Securities Weak revenues but higher margins due to lower commodity prices Three pointers to note from Godrej Agrovet’s Q3FY21: (1) There is still lower demand from HoReCa for milk, eggs and chicken. It impacted the company’s Animal feed and Dairy segments, (2) Re-branding all dairy products under ‘Godrej Jersey’ brand will strengthen the dairy segment and will improve the ability to raise prices and maintain margins and (3) GAVL has continued to reduce investments in working c...
Add Godrej Agrovet Ltd For Target Rs. 575 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs. 575 - ICICI Securities
Source: ICICI Securities
25/02/2021 10:37:14 AM
Buy Godrej Agrovet Ltd For Target Rs. 645 - Motilal Oswal Palm Oil drags overall performance due to white-fly attack 3QFY21 earnings below expectations * GOAGRO’s 3QFY21 revenue decreased by 14% YoY due to a 23%/17%/10% decline in the Animal Feed (AF)/Palm Oil/Dairy segment. However, EBITDA margin expanded due to lower raw material costs, which led to 12% EBITDA growth. Margin expansion was witnessed in AF and Processed Foods and Dairy, but contracted in Palm Oil and Crop Protection (CP). * Factoring in the below expected performance...
Buy Godrej Agrovet Ltd For Target Rs. 645 - Motilal Oswal
Buy Godrej Agrovet Ltd For Target Rs. 645 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/02/2021 10:27:51 AM
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities Bird flu scare in India- Near term impact likely but market share gains in medium-long term With several states facing concerns of bird flu, we believe animal feed and poultry segments of Godrej Agrovet are likely to be impacted in near term. However, we also expect organised players such as Godrej Agrovet to gain market share from unorganised players as consumers are willing to pay premium for hygienic and packaged products. Key learnings from Bird flu epidemics in 2006 and 2008 – ...
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities
Add Godrej Agrovet Ltd For Target Rs.575 - ICICI Securities
Source: ICICI Securities Ltd
25/01/2021 12:46:38 PM