Godrej Industries Ltd
GODREJIND NSE
Godrej Industries Ltd
DiversifiedNSE: GODREJIND BSE: 500164 Diversified Group
Key Fundamentals
MidcapDiversified GroupDiversifiedMarket Cap
₹40,888 Cr
Volatility
Moderate
P/E Ratio
35.24
EBITDA
₹5,985 Cr
Return on Equity
10.4%
Debt to Equity
4.61
Book Value
₹331.79
EPS
₹6.07
52W High
₹1,443
52W Low
₹744.2
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Godrej Industries Ltd insights
32 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
5- Stock is trading at 3.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.70% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3,808 Cr.
Growth Rate
Revenue Growth
18.50% ↗
Net Income Growth
29.80% ↗
Cash Flow Change
-71.91% ↘
ROE
19.54% ↗
ROCE
21.37% ↗
EBITDA Margin (Avg.)
15.72% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Godrej Industries Ltd is a diversified conglomerate with a market cap of Rs.41,831 Cr trading at a PE of 17.3x and PB of 3.72x. The company has delivered 21% TTM profit growth and 13% TTM sales growth, but carries a low 3-year average ROE of approximately 7% and pays no dividend despite repeated profitability.
Bull Case 8
- Strong TTM profit growth of 21% indicates improving earnings momentum across the group's businesses
- Compounded profit CAGR of 26% over 5 years demonstrates sustained long-term earnings expansion
- 10-year compounded profit CAGR of 21% reflects a consistent track record of earnings compounding over a full business cycle
- TTM sales growth of 13% suggests healthy revenue traction in the current period
- 5-year compounded sales CAGR of 19% shows the company has scaled revenues meaningfully over the medium term
- PE of 17.3x is relatively moderate for a diversified conglomerate with exposure to FMCG, real estate, chemicals, and agri segments
- 3-year stock CAGR of 36% reflects strong market re-rating and value recognition by investors in recent years
- Last year ROE improved to 9% from a 3-year average of 7%, suggesting a potential uptick in capital efficiency
Bear Case 8
- 3-year average ROE of only 6.70% is below the cost of equity for most investors, indicating weak capital allocation efficiency
- Other income of Rs.4,123 Cr forms a significant portion of earnings, raising concerns about core operating profit quality
- Zero dividend yield despite repeated profitability suggests shareholders are not receiving direct returns on their investment
- Stock trades at 3.72x book value which is elevated given the low ROE of 6.70%, implying limited margin of safety
- Potential capitalization of interest costs may be understating true operating expenses and inflating reported profits
- 10-year sales CAGR of only 12% compared to 21% profit CAGR suggests profit growth may be driven by non-operating items rather than genuine business scaling
- 3-year compounded profit CAGR of just 5% contrasts sharply with the 5-year figure of 26%, indicating recent earnings volatility or stagnation in the interim period
- 1-year stock CAGR of only 5% versus 3-year CAGR of 36% suggests the re-rating phase may be losing momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 20h ago Headwinds 1
- Net profit down 28% YoY Aug 13
Consolidated net profit fell 28% YoY to ₹523.4 crore in Q1FY27, driven by lower real estate margins despite top-line growth.
Positives 1
- Revenue up 22%, EBITDA up 45% Aug 13
Q1FY27 revenue grew 22% YoY to ₹5,450 crore with EBITDA jumping 45% to ₹574 crore and margins expanding to 10.55%, showing strong operating leverage.
Neutral 2
- 38th AGM set for Aug 13 Jul 21
Annual General Meeting scheduled for August 13, 2026 via video conferencing, with remote e-voting beginning August 9 and record date of August 6.
- FY26 BRSR filed, zero incidents Jul 20
Filed BRSR for FY26 reporting zero safety incidents and 42% sourcing from MSMEs, indicating steady ESG compliance.
TL;DR: Godrej Industries shows strong operational momentum with 22% revenue growth and 45% EBITDA expansion in Q1FY27, but profitability is under pressure with net profit declining 28% YoY due to lower real estate margins. The divergence between operating strength and bottom-line delivery is the key risk to monitor. If real estate margins recover, the strong top-line and EBITDA trajectory could translate into meaningful profit growth in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,506 | 3,938 | 3,590 | 4,567 | 4,248 | 4,805 | 4,825 | 5,780 | 4,460 | 5,032 | 5,051 | 7,694 | 5,448 |
| Expenses | 4,264 | 3,672 | 3,311 | 4,511 | 3,914 | 4,230 | 4,228 | 5,186 | 4,063 | 4,898 | 4,507 | 6,527 | 4,873 |
| Operating Profit | 242 | 266 | 279 | 56 | 334 | 575 | 597 | 593 | 397 | 134 | 544 | 1,167 | 575 |
| OPM % | 5% | 7% | 8% | 1.2% | 8% | 12% | 12% | 10% | 9% | 2.7% | 11% | 15% | 11% |
| Other Income | 532 | 397 | 380 | 536 | 1,072 | 439 | 436 | 695 | 1,352 | 1,294 | 694 | 784 | 1,036 |
| Interest | 303 | 333 | 348 | 369 | 433 | 477 | 505 | 542 | 576 | 584 | 626 | 684 | 745 |
| Depreciation | 86 | 89 | 96 | 100 | 101 | 108 | 111 | 110 | 114 | 121 | 126 | 141 | 133 |
| PBT | 386 | 240 | 216 | 122 | 873 | 429 | 417 | 635 | 1,059 | 723 | 486 | 1,126 | 732 |
| Tax % | 24% | 32% | 24% | 121% | 27% | -14% | 25% | 34% | 31% | 32% | 27% | 25% | 29% |
| Net Profit | 291 | 164 | 165 | -25 | 641 | 489 | 312 | 416 | 725 | 493 | 353 | 841 | 523 |
| EPS in Rs | 5.29 | 2.59 | 3.16 | -9.26 | 9.58 | 8.54 | 5.59 | 5.44 | 10.37 | 7.2 | 6.07 | 13.19 | 8.44 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,101 | 7,454 | 8,365 | 9,076 | 10,848 | 11,291 | 9,334 | 14,130 | 16,740 | 16,601 | 19,657 | 22,237 | 23,225 |
| Expenses | 8,615 | 7,061 | 7,708 | 8,805 | 10,233 | 10,479 | 9,020 | 13,083 | 15,230 | 15,406 | 17,553 | 19,995 | 20,806 |
| Operating Profit | 487 | 392 | 657 | 271 | 615 | 812 | 314 | 1,047 | 1,510 | 1,195 | 2,104 | 2,242 | 2,419 |
| OPM % | 5% | 5% | 8% | 3% | 6% | 7% | 3.4% | 7% | 9% | 7% | 11% | 10% | 10% |
| Other Income | 317 | 255 | 520 | 915 | 1,142 | 996 | 1,015 | 1,132 | 1,418 | 1,493 | 2,636 | 4,123 | 3,808 |
| Interest | 192 | 343 | 402 | 413 | 508 | 491 | 469 | 623 | 943 | 1,352 | 1,957 | 2,470 | 2,639 |
| Depreciation | 93 | 117 | 148 | 175 | 163 | 234 | 242 | 274 | 305 | 371 | 430 | 501 | 521 |
| PBT | 519 | 187 | 626 | 597 | 1,086 | 1,083 | 617 | 1,282 | 1,681 | 964 | 2,353 | 3,393 | 3,067 |
| Tax % | 26% | 58% | 27% | 19% | 20% | 25% | 37% | 23% | 15% | 38% | 21% | 29% | — |
| Net Profit | 589 | 323 | 459 | 484 | 864 | 812 | 391 | 992 | 1,421 | 595 | 1,858 | 2,412 | 2,210 |
| EPS in Rs | 11.98 | 4.78 | 7.63 | 10.05 | 17.53 | 16.46 | 9.94 | 19.42 | 28.96 | 1.78 | 29.14 | 36.83 | 34.9 |
| Div. Payout % | 15% | 37% | 23% | 17% | 7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Reserves | 3,194 | 2,968 | 3,162 | 3,301 | 4,313 | 5,755 | 7,520 | 7,093 | 7,951 | 7,968 | 10,118 | 11,143 |
| Borrowings | 5,885 | 7,200 | 7,554 | 6,918 | 7,116 | 7,275 | 10,071 | 14,506 | 19,642 | 28,996 | 38,088 | 51,564 |
| Other Liabilities | 4,392 | 3,931 | 4,241 | 6,500 | 6,530 | 7,143 | 11,157 | 12,202 | 16,117 | 24,331 | 39,488 | 63,160 |
| Total Liabilities | 13,504 | 14,133 | 14,991 | 16,753 | 17,993 | 20,207 | 28,781 | 33,835 | 43,744 | 61,329 | 87,728 | 1,25,901 |
| Fixed Assets | 1,837 | 2,828 | 3,281 | 3,302 | 3,824 | 4,049 | 4,520 | 4,971 | 5,269 | 6,365 | 6,954 | 7,333 |
| CWIP | 775 | 274 | 54 | 271 | 202 | 334 | 444 | 483 | 942 | 462 | 258 | 432 |
| Investments | 2,691 | 3,052 | 3,203 | 4,137 | 5,473 | 6,594 | 9,952 | 9,609 | 8,009 | 8,669 | 11,165 | 11,247 |
| Other Assets | 8,202 | 7,979 | 8,452 | 9,042 | 8,494 | 9,229 | 13,866 | 18,772 | 29,525 | 45,832 | 69,350 | 1,06,889 |
| Total Assets | 13,504 | 14,133 | 14,991 | 16,753 | 17,993 | 20,207 | 28,781 | 33,835 | 43,744 | 61,329 | 87,728 | 1,25,901 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -1,050 | 199 | 569 | 1,689 | 1,240 | 392 | -672 | -1,756 | -4,409 | -4,284 | -5,151 | -8,855 |
| Investing | -459 | -185 | -234 | -1,016 | -1,360 | -1,874 | -5,147 | 46 | 1,851 | -2,646 | -4,562 | 244 |
| Financing | 1,409 | 2 | -528 | -959 | 1,056 | 1,349 | 5,772 | 1,916 | 3,535 | 7,219 | 10,689 | 8,056 |
| Net Cash Flow | -99 | 16 | -193 | -286 | 936 | -133 | -47 | 206 | 977 | 288 | 976 | -555 |
| Free Cash Flow | -1,533 | -159 | 300 | 1,221 | 836 | 11 | -1,399 | -2,256 | -5,150 | -5,471 | -5,912 | -9,417 |
| CFO/OP | -179 | 90 | 125 | 683 | 227 | 64 | -179 | -132 | -273 | -321 | -222 | -367 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 42 | 40 | 40 | 39 | 50 | 60 | 43 | 33 | 28 | 30 | 33 |
| Inventory Days | 325 | 437 | 356 | 299 | 161 | 171 | 594 | 335 | 913 | 1,952 | 10,759 | — |
| Days Payable | 109 | 103 | 120 | 101 | 88 | 117 | 327 | 162 | 318 | 398 | 1,622 | — |
| Cash Conversion Cycle | 241 | 376 | 276 | 238 | 111 | 104 | 327 | 217 | 627 | 1,581 | 9,168 | 33 |
| Working Capital Days | 13 | -37 | -42 | -137 | -116 | -85 | -12 | -15 | -24 | -36 | 17 | -64 |
| ROCE % | 5% | 4% | 8% | 7% | 11% | 10% | 5% | 8% | 8% | 6% | 8% | 8% |
Documents
1
General Update
8 May - GPCB invoked ₹8 lakh bank guarantee from Godrej Industries on May 8, 2026. 8 May - GPCB invoked ₹8 lakh bank guarantee from Godrej Industries on May 8, 2026.
2
Reply On Significant Movement In Price
8 May - Godrej Industries replies to BSE price-movement query, confirming SEBI disclosure compliance. 8 May - Godrej Industries replies to BSE price-movement query, confirming SEBI disclosure compliance.
3
Board Meeting Intimation for Meeting To Be Held On May 15, 2026
8 May - Board meeting on May 15, 2026 to approve FY26 results and consider debt securities issue. 8 May - Board meeting on May 15, 2026 to approve FY26 results and consider debt securities issue.
4
General Update
30 Apr - Godrej Industries paid compensation to GPCB, resolving the matter. 30 Apr - Godrej Industries paid compensation to GPCB, resolving the matter.
5
General Update
30 Apr - Godrej Industries paid compensation to GPCB, resolving the matter. 30 Apr - Godrej Industries paid compensation to GPCB, resolving the matter.
Frequently Asked Questions about Godrej Industries Ltd
What does Godrej Industries Ltd do?
Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis.
Godrej Industries is promoter of Godrej Agrovet Ltd and Godrej Properties Ltd. It also has stake in Godrej Consumer Products Ltd [1].
Where is Godrej Industries Ltd (GODREJIND) listed?
Godrej Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: GODREJIND and BSE: 500164. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Godrej Industries Ltd belong to?
Godrej Industries Ltd operates in the Diversified sector within the Diversified Group industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Godrej Industries Ltd?
Godrej Industries Ltd has a market capitalisation of approximately ₹40888.11 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Godrej Industries Ltd?
The Price-to-Earnings (PE) ratio of Godrej Industries Ltd is 35.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Godrej Industries Ltd?
Over the past 52 weeks, Godrej Industries Ltd has traded between a low of ₹744.2 and a high of ₹1,443. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Godrej Industries Ltd?
Godrej Industries Ltd has a Return on Equity (ROE) of 10.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Godrej Industries Ltd on Tapetide?
On Tapetide, you can view Godrej Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis. Godrej Industries is promoter of Godrej Agrovet Ltd and Godrej Properties Ltd. It also has stake in Godrej Consumer Products Ltd [1].
Website godrejindustries.com
CEO Mr. Nadir Burjorji Godrej B.S., M.S.
Employees 1,148
Listed 2003-02-25
Face Value ₹ 1
Issued Size 33,68,04,842