Godrej Industries Ltd
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].
- Market Cap ₹ 34,995 Cr.
- Current Price ₹ 1,039
- High / Low ₹ 1,444 / 744
- Stock P/E 29.1
- Book Value ₹ 332
- Dividend Yield 0.00 %
- ROCE 8.17 %
- ROE 9.26 %
- Face Value ₹ 1.00
Pros
Cons
- 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.
* 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
Diversified Diversified Diversified Diversified
Part of BSE 500 Nifty 500 BSE Industrials BSE 150 MidCap Index BSE 250 LargeMidCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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% | 3.0% | 6% | 7% | 3.4% | 7% | 9% | 7% | 11% | 10% | 10% |
| 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 |
| Profit before tax | 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% | |
| 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 | 34.90 |
| Dividend Payout % | 15% | 37% | 23% | 17% | 7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | 10% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 26% |
| 3 Years: | 5% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| 5,885 | 7,200 | 7,554 | 6,918 | 7,116 | 7,275 | 10,071 | 14,506 | 19,642 | 28,996 | 38,088 | 51,564 | |
| 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 | 125,901 |
| 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 |
| 8,202 | 7,979 | 8,452 | 9,042 | 8,494 | 9,229 | 13,866 | 18,772 | 29,525 | 45,832 | 69,350 | 106,889 | |
| Total Assets | 13,504 | 14,133 | 14,991 | 16,753 | 17,993 | 20,207 | 28,781 | 33,835 | 43,744 | 61,329 | 87,728 | 125,901 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,050 | 199 | 569 | 1,689 | 1,240 | 392 | -672 | -1,756 | -4,409 | -4,284 | -5,151 | -8,855 | |
| -459 | -185 | -234 | -1,016 | -1,360 | -1,874 | -5,147 | 46 | 1,851 | -2,646 | -4,562 | 244 | |
| 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
Consolidated / View Standalone
| 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% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Chemicals Exports as % of Revenue % of Revenue ・Standalone data |
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| Chemicals Sales Volume Growth % YoY ・Standalone data |
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| GPL Booking Value INR crore |
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| GPL Area Delivered million sq ft |
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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after Q2 FY26 results.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
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Announcement under Regulation 30 (LODR)-Acquisition
- Godrej Industries invested about ₹335 crore in wholly owned subsidiary Godrej Investment Limited on September 25, 2026.
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Sale Of Part Equity Stake In Godrej Consumer Products Limited
- Sold 0.50% GCPL stake on September 24, 2026 for ₹450.12 crore; holding now 23.23%.
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Announcement under Regulation 30 (LODR)-Allotment
- Godrej Industries allotted 75,000 NCDs worth ₹750 crore at 8.50%, maturing March 18, 2032.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026PPT
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Nov 2018PPT
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Nov 2017PPT
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Sep 2017Transcript
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Aug 2017PPT
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Jun 2017Transcript
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Feb 2017Transcript
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Nov 2016Transcript
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Aug 2016Transcript
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Jun 2016Transcript
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Mar 2016Transcript
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Nov 2015Transcript
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Sep 2015Transcript
Business Segments
Consumer (GCPL) - It includes Home care, Air Freshener, Fabric Care, Personal care like shampoo and hair color, Park Avenue, and KamaSutra. [1]