Buy Godrej Agrovet, target price Rs 970: Motilal Oswal

Motilal Oswal has buy call on Godrej Agrovet Ltd. with a target price of Rs 970. The current market price of Godrej Agrovet is Rs 796.3.
Godrej Agrovet Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15293.38 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2359.98 Crore, up 10.05 % from last quarter Total Income of Rs 2144.47 Crore and down -6.41 % from last year same quarter Total Income of Rs 2521.73 Crore. Company reported net profit after tax of Rs 116.11 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.03 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.48 per cent, DIIs 4.31 per cent.