GO­DREJ AGROVET

Dalal Street Investment Journal - - QUERY BOARD -

Go­drej Agrovet Limited (GAVL) is a di­ver­si­fied agribusi­ness com­pany The com­pany’s busi­ness in­ter­est lies in an­i­mal feed, oil palm plan­ta­tions, agri-in­puts and poul­try.the com­pany only re­cently got listed and hasal so en­tered the Bangladesh­mar­ket­sthrough a jointven­ture with the ACI Group.the com­pany’s oil palm­plan­ta­tion busi­ness has over 38,600 hectares of small-holder cul­ti­va­tion across AP, Goa, Gu­jarat, Orissa, TN, Kar­nataka and Ma­ha­rash­traand it is likely to be­come a sig­nif­i­cant pro­ducer of edible oilin In­dia.

On the fi­nan­cial front, Go­drej Agrovet posted a 3.40 per cent de­cline in its net sales to ₹1,042.20 crore in the sec­ond quar­ter of FY18 as against ₹1,078.89 crore in the same quar­ter of the pre­vi­ous fis­cal. The com­pany’s PBIDT in­creased by 5.97 per cent to ₹122.10 crore in the sec­ond quar­ter of FY18 as against ₹115.22 crore in the same quar­ter of the pre­vi­ous fis­cal. The com­pany’s profit af­ter tax in­creased by 26.53 per cent to ₹75.31 crore in Q2FY18 as against ₹59.52 crore in the same quar­ter of FY17. Fur­ther, the com­pany posted a 31 per cent in­crease in its rev­enues to ₹4,985 crore in the fi­nan­cial year 2017 on a year-onyear ba­sis.how­ever, the stock seems to be earth­bound. We rec­om­mend our reader-in­vestors to Exit the stock.

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