Godrej Industries logo

Godrej Industries

GODREJIND NSE

Key Fundamentals

SmallcapDiversified GroupDiversified
Market Cap
₹34,325 Cr
Volatility
Low Risk
P/E Ratio
29.21
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

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

5
  • Stock is trading at 3.07 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
18.5% higher than 3Y
Net Income Growth
29.8% higher than 3Y
Cash Flow Change
-71.91% higher than 3Y
ROE
19.54% higher than 3Y
ROCE
21.37% lower than 3Y
EBITDA Margin (Avg.)
15.72% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Godrej Industries Ltd is a diversified holding and operating company with a market capitalisation of about Rs 37,587 Cr. It trades at a P/E of 16.7x and a P/B of 3.31x. Sales grew 17% and profit 19% on a TTM basis, but return on equity has stayed in single digits (7% over 3 years, 9% last year). Earnings include other income of Rs 3,808 Cr, and the company pays no dividend.

Bull Case 7
  • Sales have compounded at 19% annually over 5 years and 17% on a TTM basis, so the top line has kept growing across the diversified portfolio.
  • Profit has compounded at 26% over 5 years and 21% over 10 years, a long record of earnings growth.
  • TTM profit growth of 19% is well above the 3-year profit CAGR of 5%, which suggests earnings momentum is picking up.
  • The stock has delivered a 26% CAGR over 3 years and 10% over 10 years, so long-term holders have seen meaningful compounding.
  • ROE rose to 9% last year from a 3-year average of 7%, a small improvement in capital efficiency.
  • A P/E of 16.7x is moderate given 5-year profit growth of 26%.
  • The 1-year stock return of -8% means some of the valuation premium built up during the 3-year 26% CAGR run has come off.
Bear Case 8
  • Return on equity has been low: 6.70% over 3 years, 8% over 5 and 10 years, and 9% last year. That is likely below the company's cost of equity.
  • Earnings include Rs 3,808 Cr of other income, which raises questions about how much of reported profit is recurring and core. Against a P/E of 16.7x on a Rs 37,587 Cr market cap, this is a large share of earnings.
  • The stock trades at 3.31x book value while ROE is only 7-9%. The premium to book is hard to justify on returns alone.
  • The company may be capitalising interest cost, which could make reported profits and returns look better than they are and hide the true financing burden.
  • The dividend yield is 0% even though the company reports repeated profits, so shareholders get no cash return.
  • 3-year profit CAGR of 5% lags 3-year sales CAGR of 10%, a sign that margins have come under pressure over that period.
  • The stock returned -8% over the past year, in contrast to its 26% 3-year CAGR.
  • Debt-to-equity and ROCE figures aren't available in the data provided, so balance-sheet leverage can't be checked. This matters more given the possible interest capitalisation.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Neutral 2
  • Pirojsha Godrej re-designation approved Sep 25

    Shareholders passed a special resolution re-designating Pirojsha Godrej as Executive Chairperson for a five-year term, effective August 14, 2026. This gives the group a clear leadership succession plan.

  • ₹750 crore NCD issuance cleared Sep 11

    Godrej Industries approved the Key Information Document for raising ₹750 crore through unsecured non-convertible debentures via private placement, following earlier board and AGM approvals. The funding adds to the holding company's debt, but it is a routine capital-raising step.

TL;DR: Recent news flow for Godrej Industries is limited and governance-focused. Shareholder approval of Pirojsha Godrej's move to Executive Chairperson from August 14, 2026 makes leadership succession clear, and the ₹750 crore unsecured NCD issue shows the company can still raise capital easily. The main thing to watch is the extra debt at the holding company, especially how the funds are used and how leverage changes. With no operational positives or negatives in these articles, the trend is stable, and the next direction will likely come from earnings at subsidiaries such as Godrej Consumer, Godrej Properties and Godrej Agrovet, and from the chemicals business.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs3.47%Promot.74.64%Public3.87%FIIs4.57%Others13.46%As ofJun 2026

Documents

1
Concall - May 2026 May 2026
2
Concall - May 2026 May 2026
3
Concall - Nov 2025 Nov 2025
4
Concall - Aug 2025 Aug 2025
5
Concall - May 2025 May 2025

Frequently Asked Questions about Godrej Industries

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 trades as GODREJIND on the NSE and under code 500164 on the BSE.
Which sector does Godrej Industries Ltd belong to?
Godrej Industries Ltd is classified under the Diversified sector, in the Diversified Group industry.
What is the market capitalisation of Godrej Industries Ltd?
Godrej Industries Ltd has a market capitalisation of ₹34,325 Cr, which places it in the Large Cap band.
What is the PE ratio of Godrej Industries Ltd?
Godrej Industries Ltd trades at a PE ratio of 29.21, on earnings per share of ₹6.07, against a book value of ₹331.79 per share.
What is the 52-week high and low of Godrej Industries Ltd?
Over the last 52 weeks Godrej Industries Ltd has traded between ₹744.2 and ₹1,443.
What is the Return on Equity (ROE) of Godrej Industries Ltd?
Godrej Industries Ltd reported a return on equity of 10.40%. Its debt-to-equity ratio is 4.61.

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

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