Moneycontrol
you are here: HomeNewsBusinessIPO
Last Updated : Oct 03, 2017 05:53 PM IST

Subscribe to Godrej Agrovet :Way2wealth

Way2wealth has come out with its report on Godrej Agrovet IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on October 03, 2017

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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 investments to enhance R&D capabilities over the years.

At the offer price band of 450-460/- the company is commanding a PE of ~42x its diluted adj. EPS of `10.95/- for FY17 and at m-cap/sales of ~2.0x on its FY17 annualised financials. The company has evolved from cattle feed to an animal protein player. The issue is at a premium valuation but the scope of the company to further build its animal protein business over the years and create a brand Pan India does augur well for the company. We advise investors with a long-term investment horizon to SUBSCRIBE to the issue.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions
First Published on Oct 3, 2017 05:53 pm
Loading...
Sections
Follow us on
Available On