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 ₹ 38,349 Cr.
- Current Price ₹ 1,138
- High / Low ₹ 1,444 / 744
- Stock P/E 31.8
- Book Value ₹ 332
- Dividend Yield 0.00 %
- ROCE 8.17 %
- ROE 9.26 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.57 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 Industrials Nifty MidSmallcap400 50:50 BSE 500 Nifty 500 Nifty Midcap 150
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: | 11% |
| 5 Years: | 17% |
| 3 Years: | 30% |
| 1 Year: | -8% |
| 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 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Godrej Industries Group signs Haryana MoU for ₹20,000 crore investment, targeting 40,000 jobs by FY28.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copies of Newspaper Advertisement published today in connection with dispatch of Postal Ballot Notice dated August 13, 2026.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
- Postal ballot seeks approval for Pirojsha Godrej’s Executive Chairperson appointment from Aug 14, 2026 to Aug 13, 2031.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- 38th AGM held; shareholders approved ₹1,500 crore NCD/bond issuance, ₹1,000 crore investment, and Vishal Sharma reappointment.
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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Business Segments
Consumer (GCPL) - It includes Home care, Air Freshener, Fabric Care, Personal care like shampoo and hair color, Park Avenue, and KamaSutra. [1]