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.