Godrej Industries Ltd

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Godrej Industries Ltd

₹ 476 0.17%
30 May - close price
godrejindustries.com BSE: 500164 NSE : GODREJIND
About

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].

Key Points

Oleochemicals business
Godrej Industries Ltd (GIL) is one of India's leading manufacturers of oleo-chemicals (derivatives of vegetable and animal oils & fats). Fatty acids account for 42% of division revenue, followed by fatty alcohols (32%), surfactants (17%), and glycerin accounts for the rest 9% of revenue. [1]

It derives ~30% of its turnover from export operations. Its manufacturing facilities are located in Valia, and Ambernath. [2]

Website BSE NSE
  • Market Cap ₹ 16,037 Cr.
  • Current Price ₹ 476
  • High / Low ₹ 550 / 395
  • Stock P/E 16.4
  • Book Value ₹ 237
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 12.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 34.1% CAGR over last 5 years
  • Debtor days have improved from 45.2 to 32.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.06% over last 3 years.
  • Earnings include an other income of Rs.1,418 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
3,121 1,980 2,386 2,356 2,611 2,890 3,280 3,515 4,445 4,025 4,021 3,843 4,852
2,910 1,877 2,253 2,264 2,627 2,748 3,112 3,272 3,955 3,708 3,801 3,469 4,252
Operating Profit 211 103 134 92 -16 142 169 243 490 317 220 373 600
OPM % 7% 5% 6% 4% -1% 5% 5% 7% 11% 8% 5% 10% 12%
178 213 300 292 209 292 307 225 312 261 302 413 442
Interest 117 114 117 113 124 134 147 167 175 188 223 248 284
Depreciation 61 57 61 62 63 64 67 71 72 72 76 78 79
Profit before tax 210 145 256 210 6 237 261 230 554 318 224 460 679
Tax % 51% 26% 20% 19% 1,584% 22% 23% 20% 24% 19% 2% 17% 17%
Net Profit 103 107 205 171 -92 186 201 183 423 258 219 382 562
EPS in Rs 0.79 2.04 4.45 3.92 -0.47 4.12 4.27 4.29 6.75 6.06 4.64 9.34 8.91
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5,543 6,866 7,799 9,101 7,454 8,365 9,076 10,848 11,291 9,334 14,130 16,740
5,276 6,491 7,343 8,615 7,061 7,708 8,805 10,233 10,479 9,020 13,083 15,230
Operating Profit 267 375 455 487 392 657 271 615 812 314 1,047 1,510
OPM % 5% 5% 6% 5% 5% 8% 3% 6% 7% 3% 7% 9%
190 220 201 317 255 520 915 1,142 996 1,015 1,132 1,418
Interest 111 110 119 192 343 402 413 508 491 469 623 943
Depreciation 56 59 70 93 117 148 175 163 234 242 274 305
Profit before tax 290 426 467 519 187 626 597 1,086 1,083 617 1,282 1,681
Tax % 33% 32% 37% 26% 58% 27% 19% 20% 25% 37% 23% 15%
Net Profit 352 467 469 589 323 459 484 864 812 391 992 1,421
EPS in Rs 11.66 9.72 11.98 4.78 7.63 10.05 17.53 16.46 9.94 19.42 28.96
Dividend Payout % 19% 15% 18% 15% 37% 23% 17% 7% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 14%
TTM: 18%
Compounded Profit Growth
10 Years: 13%
5 Years: 34%
3 Years: 24%
TTM: 47%
Stock Price CAGR
10 Years: 5%
5 Years: -4%
3 Years: 14%
1 Year: 0%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 9%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
32 34 33 34 34 34 34 34 34 34 34 34
Reserves 2,335 3,072 2,701 3,194 2,968 3,162 3,301 4,313 5,755 7,520 7,093 7,951
2,865 2,829 4,167 5,885 7,200 7,554 6,918 7,116 7,275 10,071 14,565 19,642
3,127 3,490 4,307 4,392 3,931 4,241 6,500 6,530 7,143 11,157 12,149 16,348
Total Liabilities 8,359 9,424 11,208 13,504 14,133 14,991 16,753 17,993 20,207 28,781 33,841 43,975
1,193 1,170 1,650 1,837 2,828 3,281 3,302 3,824 4,049 4,520 4,950 5,285
CWIP 214 628 466 775 274 54 271 202 334 444 483 926
Investments 1,153 1,362 2,336 2,691 3,052 3,203 4,137 5,473 6,594 9,952 9,609 8,009
5,799 6,264 6,757 8,202 7,979 8,452 9,042 8,494 9,229 13,866 18,798 29,755
Total Assets 8,359 9,424 11,208 13,504 14,133 14,991 16,753 17,993 20,207 28,781 33,841 43,975

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1,241 345 -394 -1,050 199 569 1,689 1,240 392 -672 -1,756 -4,409
-222 -767 -901 -459 -185 -234 -1,016 -1,360 -1,874 -5,147 46 1,775
1,472 403 1,420 1,409 2 -528 -959 1,056 1,349 5,772 1,916 3,535
Net Cash Flow 10 -19 126 -99 16 -193 -286 936 -133 -47 206 900

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29 25 25 25 42 40 40 39 50 60 43 33
Inventory Days 298 277 290 325 437 356 299 161 171 594 335 901
Days Payable 179 131 131 109 103 120 101 88 117 327 162 314
Cash Conversion Cycle 147 171 184 241 376 276 238 111 104 327 217 620
Working Capital Days 153 139 132 162 217 202 76 73 110 257 218 293
ROCE % 6% 7% 7% 6% 4% 10% 8% 13% 12% 7% 10% 11%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
64.20 64.96 66.37 67.19 67.19 67.18 67.18 67.18 67.18 67.17 67.17 67.17
9.27 9.06 8.59 7.79 7.76 8.45 8.62 9.00 8.89 8.96 9.79 10.41
4.71 4.69 4.82 5.06 5.17 3.76 3.77 3.27 3.19 3.00 2.82 2.13
21.82 21.28 20.22 19.95 19.88 20.61 20.43 20.55 20.74 20.86 20.22 20.28

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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