Godrej Industries Ltd.

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godrejindustries.comBSE: 500164NSE: GODREJIND

Market Cap₹ 38,147 Cr.

Current Price

High / Low₹ 1,443 / 744

Stock P/E445.6

Book Value₹ 52

Price to Book14.28

Dividend Yield0.00 %

ROCE7.3 %

ROE3.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2014 • Chemicals: 81.0% • Finance Investments: 14.3% • Estate: 4.0%

AI Sector View

AI GENERATED

Diversified

Hold

Diversified groups track the broad economy, which remains positive but not accelerating cleanly. GST collections rose 8% YoY (2026-07), the core industries Overall Index was 5.4% YoY (2026-07), and GDP annual growth was 7.8% (Jun/26), but e-way bills slowed to 6% YoY (2026-07). Flat sector FPI flows with net 3-month flow of INR 0 crore to 2026-08-31 argue for market weight rather than a tilt.

Confidence

60%

View full sector analysis →

PROS

Promoters have been increasing their shareholding - up 7.5pp over 2 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 39.62x)
Company has delivered good sales growth of 21.0% CAGR over last 5 years

CONS

Company has a high debt-to-equity of 6.24x
A large part of profit comes from other income (458.3% of PBT)
Recent results are weak - TTM profit is down 70.3% versus prior year
Company has a low return on equity of 0.9% over last 3 years
Company has a low return on capital employed of 6.7%
Interest coverage is weak at 1.1x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

DiversifiedChemicalsChemicals

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	SOLARINDS	22305.00	101.35	201838.07	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1572.50	60.43	160061.58	1.37	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2515.00	34.49	74550.84	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4753.80	84.91	52220.49	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8796.15	57.15	45131.39	0.17	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1132.45	32.45	38146.70	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1642.10	28.59	22397.10	0.46	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1612.65	91.01	21404.36	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6217.65	23.01	18305.85	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	497.05	33.95	18029.33	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1358.70	17.49	17209.68	0.74	490.04	100.95	3256.26	22.47	12.12	25.96
12.	BASF	3745.25	25.21	16211.55	0.67	360.29	162.22	4824.26	24.57	15.23	10.46

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	768	819	747	684	986	1,075	1,023	1,086	1,018	1,330	1,227	1,234	1,289
	662	692	608	684	713	758	834	957	858	1,031	1,078	1,121	1,332
Operating Profit	106	127	139	-0	273	317	189	130	160	299	149	112	-43
OPM %	13.76%	15.55%	18.62%	-0.02%	27.68%	29.50%	18.49%	11.94%	15.73%	22.48%	12.18%	9.10%	-3.31%
	28	29	14	24	31	35	28	26	42	30	67	132	37
Interest	141	140	146	156	177	177	189	199	210	206	213	210	216
Depreciation	21	23	22	22	22	23	28	24	23	24	24	21	22
Profit before Tax	-28	-6	-14	-154	105	153	0	-68	-30	99	-21	13	-5
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%	-0.74%	-0.00%	0.00%	-0.00%	0.00%	-0.00%
Net Profit	-28	-6	-14	-154	105	153	0	-68	-30	99	-21	13	-5
	-0.83	-0.18	-0.43	-4.58	3.13	4.53	0.01	-2.03	-0.89	2.94	-0.62	0.38	-0.16

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,500	1,958	2,144	1,969	1,856	3,340	4,488	3,018	4,171	4,809	5,080
	1,432	1,722	1,750	1,676	1,719	2,956	3,768	2,646	3,262	4,088	4,562
Operating Profit	68	237	394	293	137	384	720	372	909	721	518
OPM %	4.54%	12.09%	18.38%	14.88%	7.37%	11.50%	16.05%	12.33%	21.80%	14.99%	10.20%
	47	301	-202	35	65	11	69	95	120	271	266
Interest	208	212	240	229	238	364	478	582	742	839	846
Depreciation	52	69	54	69	72	75	79	87	97	92	92
Profit before Tax	-145	257	-101	31	-108	-44	233	-203	190	61	86
Tax %	0.08%	5.98%	0.07%	-0.39%	0.06%	-0.00%	0.00%	-0.00%	0.26%	0.00%	0.00%
Net Profit	-145	242	-101	31	-108	-44	233	-203	190	61	86
EPS	-4.32	7.18	-3.01	0.92	-3.19	-131.00	6.91	-6.01	5.63	1.81	—
Dividend Payout %	-40.50%	24.37%	-38.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 21%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: —
3 Years:: -36%

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 15%
3 Years:: 25%
1 Year:: -7%

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 3%
3 Years:: 1%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,575	1,775	1,604	1,593	1,489	1,446	1,680	1,479	1,667	1,730
	2,423	2,088	2,912	2,820	4,333	6,029	6,747	8,381	10,013	10,978
Trade Payables	312	352	375	385	637	745	776	549	744	935
	531	735	388	190	260	429	476	419	391	558
Total Liabilities	4,875	4,984	5,313	5,021	6,753	8,683	9,711	10,861	12,849	14,236
	1,400	1,362	1,331	1,317	1,296	1,300	1,372	1,422	1,466	1,639
Capital Work in Progress	4	8	9	18	73	38	84	20	78	58
	2,785	2,828	2,705	2,614	3,998	5,547	6,548	7,868	9,123	10,335
	297	300	301	254	411	632	566	502	543	714
	0	0	0	0	0	0	441	351	495	566
Cash & Bank	15	75	515	344	118	154	45	41	254	77
	373	412	452	475	858	1,012	656	658	890	847
Total Assets	4,875	4,984	5,313	5,021	6,753	8,683	9,711	10,861	12,849	14,236

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	256	292	455	417	150	180	837	318	931	660
Cash from Investing	-226	171	-214	3	-1,713	-1,587	-1,118	-1,353	-1,552	-1,012
Cash from Financing	-17	-406	218	-609	1,323	1,455	232	1,031	833	175
	5	49	452	-195	-251	26	-49	-4	211	-176

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.16	67.69	65.73	69.65	70.97	71.31	74.64	74.64	74.64
	8.02	8.38	8.24	6.97	5.66	5.12	4.86	4.47	4.56
	3.03	3.57	3.61	1.90	1.95	2.18	2.72	2.90	2.89
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.80	19.17	21.61	20.88	20.83	20.81	17.22	17.41	17.32

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-27

Updates

2026-08-27 - Please find attached a copy of intimation sent to Shareholders holding shares in physical form.

2026-08-24

Press Release

2026-08-24 - Please find enclosed Press release dated August 24, 2026.

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Please find attached copies of Newspaper Advertisement published today in connection with completion of dispatch of Postal Ballot Notice dated August 13, 2026.

2026-08-21

Shareholders meeting

2026-08-21 - Godrej Industries Limited has informed the Exchange regarding Notice of Postal Ballot dated August 13, 2026

2026-08-14

Shareholders meeting

2026-08-14 - Godrej Industries Limited has submitted the Exchange a copy Srutinizers report of undefined held on August 13, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-13

Shareholders meeting

2026-08-13 - Godrej Industries Limited has informed the Exchange regarding Proceedings of 38th Annual General Meeting held on August 13, 2026

2026-08-13

Appointment

2026-08-13 - Please find enclosed intimation for Change in Management of Company which is self-explanatory in nature.

2026-08-13

General Updates

2026-08-13 - Please find enclosed herewith Performance Update for the Quarter ended June 30, 2026

2026-08-13

Outcome of Board Meeting

2026-08-13 - Godrej Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.