Godrej Agrovet Ltd. share price target

We recently met the senior management at Godrej Agrovet (GAVL) to get an insight into overall business model of the company and its position within the various business segments. GAVL is a well diversified agri business player having strong brand presence at a PAN India level. After being incorporated in 1991 GAVL has expanded exponentially both organically and through prudent strategic acquisitions (Cream line Dairy and Astec Life Sciences) thereby augmenting its product profile and widening its geographical footprint. GAVL currently operates across 5 key...

Godrej Agrovet Ltd. (GAVL), incorporated in 1991 in Gujarat is a subsidiary of one of the highly diversified Indian Conglomerate, the Godrej Group. GAVL is a diversified, research & development focused agri-business and animal feed company. GAVL holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. GAVL is the largest crude palm oil producer in terms of market share...

A tepid Q3 saw Godrej Agrovet (GAVL) report consolidated revenue/ PAT growth of 7% YoY to Rs 12.2 bn / Rs 450 mn (in line) due to lower commodity prices.

Godrej Agrovet was incorporated in 1991 in the state of Gujarat. Godrej Agrovet Limited (GAVL), is a diversified, R&D; focused agri-business company with operations across five business verticals viz. animal feed, crop protection, oil palm, dairy, and poultry & processed foods. GAVL is the largest crude palm oil producer in India, in terms of market share,& the leader in compound cattle feed in India as of March 2017. Godrej Agrovet Ltd has joint ventures Godrej Tyson Foods Ltd, a food processing firm, and ACI Godrej Agrovet Pvt. Ltd, which runs a poultry products business in Bangladesh. The Company made significant...

A well diversified company...poised for better prospects... Godrej Agrovet Ltd. (GAVL) is a well diversified R&D; based agribusiness company from the house of Godrej, with a major role in all its business verticals like animal feed (53% of revenue), crop protection (15% of revenue), oil palm (16% of revenue), dairy business (21% of revenue) and processed foods. It is one of the leading company in animal feed and also the largest crude palm oil producer in India. The company has pan-India presence with extensive supply and distribution network. GAVL's business model with a strong...

IPO NOTE

Godrej Agrovet Ltd. (GAVL) is an Agro based company with focus on research and development. It operates across five business verticals namely animal feed, crop protection, oil palm, dairy and poultry & processed food. It is a ~75% subsidiary of Godrej Industries. GAVL's revenue has grown at a CAGR of ~16% over FY13-17. GAVL is coming with an IPO of about `1157cr. out of which `292cr. is the fresh issue and remaining OFS. The post Issue market capitalisation at the upper band of `460 is expected to be `~8800cr. We recommend SUBSCRIBE on the...

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. In animal feed business: The products that Godrej Agrovet manufactures and sells in the animal feed business are cattle feed, poultry feed(broiler and layer), aqua feed(fish and shrimp) and speciality feed. The products are produced at 35 facilities and sold through...

Godrej Agrovet was incorporated in 1991 in the state of Gujarat. Godrej Agrovet Limited (GAVL), is a diversified, R&D; focused agri-business company with operations across five business verticals viz. animal feed, crop protection, oil palm, dairy, and poultry & processed foods. GAVL is the largest crude palm oil producer in India, in terms of market share, & the leader in compound cattle feed in India as of March 2017. The Company made significant...