Godrej Agrovet’s valuations underplay strong momentum over FY26-28E, material upside ahead. Buy for target price of ₹980 (42% upside): ICICI Securities

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The stronger performance over FY24–25 (16%/19% PAT growth seen in FY24/FY25) has not really reflected in GOAGRO’s stock price, with a ~11% dip in the stock price seen in the last 12 months. At current levels, the stock trades at the lower end of the five-year PER and EV/EBITDA bands