Add Godrej Agrovet, target price Rs 550: ICICI Securities

ICICI Securities has add call on Godrej Agrovet with a target price of Rs 550. The current market price of Godrej Agrovet Ltd. is Rs 495.

Godrej Agrovet Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 9520.59 Crore) operating in Agriculture/Horticulture/Livestock sector.

Godrej Agrovet Ltd. key Products/Revenue Segments include Animal Feed, Oil Vegetable, Crop Protection, Others, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2454.15 Crore, down -2.52 % from last quarter Total Income of Rs 2517.53 Crore and up 13.63 % from last year same quarter Total Income of Rs 2159.69 Crore. Company reported net profit after tax of Rs 65.40 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.07 per cent stake in the company as of 30-Sep-2022, while FIIs owned 1.48 per cent, DIIs 5.16 per cent.