Godrej Industries Ltd

About [ edit ]

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 #.

Key Points [ edit ]
  • Market Cap 18,883 Cr.
  • Current Price 561
  • High / Low 612 / 345
  • Stock P/E 56.4
  • Book Value 224
  • Dividend Yield 0.00 %
  • ROCE 7.13 %
  • ROE 5.02 %
  • Face Value 1.00

Pros

  • Promoter holding has increased by 0.83% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.60% over past five years.
  • Company has a low return on equity of 8.55% for last 3 years.
  • Earnings include an other income of Rs.1014.99 Cr.
  • Dividend payout has been low at 2.19% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -7.54%

Peer comparison

Sector: Chemicals Industry: Chemicals

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,951 2,538 2,418 2,934 2,845 2,629 2,696 3,121 1,980 2,386 2,356 2,611
2,756 2,407 2,363 2,701 2,583 2,478 2,538 2,910 1,877 2,253 2,264 2,627
Operating Profit 196 132 54 233 262 151 159 211 103 134 92 -16
OPM % 7% 5% 2% 8% 9% 6% 6% 7% 5% 6% 4% -1%
Other Income 166 258 246 472 182 428 237 178 213 300 292 209
Interest 124 130 119 134 124 129 120 117 114 117 113 124
Depreciation 39 41 41 42 56 58 59 61 57 61 62 63
Profit before tax 199 219 140 528 263 393 216 210 145 256 210 6
Tax % 35% 13% 13% 20% 32% 5% 27% 51% 26% 20% 19% 1,585%
Net Profit 79 136 77 297 103 311 113 27 69 150 132 -16
EPS in Rs 2.34 4.04 2.30 8.84 3.07 9.24 3.36 0.79 2.04 4.45 3.92 -0.47

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3,408 4,293 5,543 6,866 7,799 9,101 7,454 8,365 9,076 10,848 11,291 9,334
3,369 4,080 5,277 6,507 7,344 8,616 7,063 7,724 8,814 10,234 10,489 9,020
Operating Profit 39 213 266 359 455 485 391 641 262 615 801 313
OPM % 1% 5% 5% 5% 6% 5% 5% 8% 3% 6% 7% 3%
Other Income 374 252 192 237 201 318 256 535 924 1,142 1,006 1,015
Interest 150 88 111 110 119 192 343 402 413 508 493 469
Depreciation 50 55 56 59 70 93 117 148 175 163 234 242
Profit before tax 213 323 290 426 467 519 187 626 597 1,086 1,081 617
Tax % 21% 23% 33% 32% 37% 26% 58% 27% 19% 20% 25% 37%
Net Profit 203 293 292 391 326 402 161 256 338 590 552 335
EPS in Rs 11.66 9.72 11.98 4.78 7.63 10.05 17.53 16.41 9.94
Dividend Payout % 23% 19% 19% 15% 18% 15% 37% 23% 17% 7% 0% 0%
Compounded Sales Growth
10 Years:8%
5 Years:5%
3 Years:1%
TTM:-17%
Compounded Profit Growth
10 Years:6%
5 Years:18%
3 Years:14%
TTM:-34%
Stock Price CAGR
10 Years:10%
5 Years:8%
3 Years:-3%
1 Year:36%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:9%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
32 32 32 34 33 34 34 34 34 34 34 34
Reserves 1,734 1,899 2,335 3,072 2,701 3,194 3,049 3,167 3,301 4,313 5,753 7,520
Borrowings 1,481 1,756 2,865 2,829 4,167 5,885 7,200 7,554 6,918 7,116 7,275 9,836
1,129 1,722 3,127 3,490 4,307 4,392 3,850 4,237 6,500 6,530 7,161 11,616
Total Liabilities 4,376 5,408 8,359 9,424 11,208 13,504 14,133 14,991 16,753 17,993 20,223 29,005
958 1,126 1,193 1,170 1,650 1,837 2,828 3,281 3,302 3,824 4,049 4,542
CWIP 39 30 214 628 466 775 274 54 271 202 334 439
Investments 927 789 1,153 1,362 2,336 2,691 3,052 3,203 4,137 5,473 6,594 9,952
2,452 3,463 5,799 6,264 6,757 8,202 7,979 8,452 9,042 8,494 9,245 14,072
Total Assets 4,376 5,408 8,359 9,424 11,208 13,504 14,133 14,991 16,753 17,993 20,223 29,005

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-108 -383 -1,241 345 -394 -1,050 199 569 1,689 1,240 394 -664
-23 236 -222 -767 -901 -459 -185 -234 -1,016 -1,360 -1,874 -5,161
154 156 1,472 403 1,420 1,409 2 -528 -959 1,056 1,347 5,772
Net Cash Flow 23 9 10 -19 126 -99 16 -193 -286 936 -133 -52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 4% 7% 6% 7% 7% 6% 4% 9% 8% 13% 12% 7%
Debtor Days 45 25 29 25 25 25 42 40 40 39 50 59
Inventory Turnover 2.88 2.55 1.75 1.46 1.40 1.27 0.83 1.07 1.23 1.93 2.14 0.82

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.72 74.72 74.72 61.33 61.33 61.38 61.39 62.21 64.20 64.96 66.37 67.19
12.06 11.81 11.93 12.12 11.87 11.90 11.99 11.22 9.27 9.06 8.59 7.79
4.65 4.89 4.79 4.70 4.59 4.38 4.64 4.62 4.71 4.69 4.82 5.06
8.57 8.58 8.56 21.85 22.21 22.34 21.98 21.95 21.82 21.28 20.22 19.95

Documents