Godavari Biorefineries Ltd.

•

₹ 244.25-0.63%

2026-08-21

godavaribiorefineries.comBSE: 544279NSE: GODAVARIB

Market Cap₹ 1,261 Cr.

Current Price₹ 244

High / Low₹ 353 / 227

Stock P/E0.0

Book Value₹ 147

Price to Book0.97

Dividend Yield0.00 %

ROCE5.5 %

ROE-4.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sugar: 36.8% • Dist. & Chem: 31.6% • Chemicals: 29.1% • Cogen: 2.5%

PROS

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 103.1% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -82.58x)
Promoter holding has decreased over last 2 years: -13.9pp
Company has a low return on equity of 0.1% over last 3 years

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BALRAMCHIN	766.55	43.69	16210.01	0.91	44.15	-14.40	1636.79	6.13	11.08	7.36
2.	EIDPARRY	809.60	30.99	14407.29	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	300.95	23.59	6631.82	0.91	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	BAJAJHIND	23.44	48.42	5603.72	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
5.	RENUKA	26.16	0.00	5568.13	0.00	-251.50	4.59	2120.20	5.61	13.61	-3.60
6.	BANARISUG	4236.50	0.00	5312.44	0.30	-10.92	-171.57	172.45	-58.81	8.68	-3.00
7.	DALMIASUG	508.30	17.38	4114.14	1.18	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	812.70	0.00	1626.90	1.23	0.23	102.78	779.25	8.74	6.50	4.68
9.	UTTAMSUGAR	334.70	14.68	1276.48	0.75	1.30	-91.05	606.37	-3.56	11.62	4.32
10.	GODAVARIB	246.40	5604.34	1260.98	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
11.	DHAMPURSUG	189.40	17.33	1217.97	1.06	6.09	569.23	786.17	6.14	6.63	3.98
12.	DWARKESH	55.39	0.00	1026.38	0.18	-257.31	-2642.01	3581.31	783.26	4.64	-7.18

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	234	397	613	516	316	445	576	523	423	457	562	542
	266	353	499	529	350	408	465	518	432	414	477	572
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	2	10	3	1	3	9	1	3	2	6	2
Interest	20	18	20	20	20	19	13	15	12	10	11	14
Depreciation	15	16	14	13	12	12	13	13	13	14	14	14
	-66	12	90	-42	-66	9	94	-23	-58	13	70	-28
Tax %	-0.00%	-221.10%	28.14%	36.68%	-16.61%	29.45%	25.42%	28.06%	26.73%	38.96%	24.67%	24.66%
Net Profit	-66	37	65	-27	-76	6	70	-17	-43	8	52	-21
	-16	9	15	-6	-18	1	14	-3	-8	2	10	-0
Equity Capital	42	42	42	42	42	51	51	51	51	51	51	51
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	42	42	42	42	42	51	51	51	51	51	51	51
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Sep 2023

: 234
: 266
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 15
: -66
Tax %: -0.00%
Net Profit: -66
: -16
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 397
: 353
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 18
Depreciation: 16
: 12
Tax %: -221.10%
Net Profit: 37
: 9
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 613
: 499
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 20
Depreciation: 14
: 90
Tax %: 28.14%
Net Profit: 65
: 15
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 516
: 529
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 20
Depreciation: 13
: -42
Tax %: 36.68%
Net Profit: -27
: -6
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 316
: 350
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 12
: -66
Tax %: -16.61%
Net Profit: -76
: -18
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 445
: 408
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 19
Depreciation: 12
: 9
Tax %: 29.45%
Net Profit: 6
: 1
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 576
: 465
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 13
Depreciation: 13
: 94
Tax %: 25.42%
Net Profit: 70
: 14
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 523
: 518
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 15
Depreciation: 13
: -23
Tax %: 28.06%
Net Profit: -17
: -3
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 423
: 432
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 12
Depreciation: 13
: -58
Tax %: 26.73%
Net Profit: -43
: -8
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 457
: 414
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 10
Depreciation: 14
: 13
Tax %: 38.96%
Net Profit: 8
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 562
: 477
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 11
Depreciation: 14
: 70
Tax %: 24.67%
Net Profit: 52
: 10
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 542
: 572
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 14
Depreciation: 14
: -28
Tax %: 24.66%
Net Profit: -21
: -0
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,365	985	1,218	1,542	1,449	1,526	1,691	2,000	1,675	1,853	1,983
	1,260	914	1,116	1,414	1,347	1,372	1,561	1,862	1,544	1,753	1,894
Operating Profit	111	79	107	141	114	162	137	146	145	116	—
OPM %	8	8	9	9	8	11	8	7	9	6	—
Other Income	6	9	5	13	13	7	7	8	14	16	13
Interest	83	80	88	89	68	72	60	73	76	72	47
Depreciation	43	50	49	50	45	47	48	50	60	50	55
	-16	-60	-29	3	2	43	29	23	10	-5	-4
Tax %	28	36	28	21	-53	43	44	49	-2	-403	5
Net Profit	-11	-39	-21	2	3	25	16	12	11	-27	-3
EPS	0	0	0	0	0	6	4	3	3	-5	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-3	-10	-6	1	1	6	4	3	3	-5	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-3	-10	-6	1	1	6	4	3	3	-5	—

Mar 2016

: 1,365
: 1,260
Operating Profit: 111
OPM %: 8
Other Income: 6
Interest: 83
Depreciation: 43
: -16
Tax %: 28
Net Profit: -11
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2017

: 985
: 914
Operating Profit: 79
OPM %: 8
Other Income: 9
Interest: 80
Depreciation: 50
: -60
Tax %: 36
Net Profit: -39
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10

Mar 2018

: 1,218
: 1,116
Operating Profit: 107
OPM %: 9
Other Income: 5
Interest: 88
Depreciation: 49
: -29
Tax %: 28
Net Profit: -21
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -6

Mar 2019

: 1,542
: 1,414
Operating Profit: 141
OPM %: 9
Other Income: 13
Interest: 89
Depreciation: 50
: 3
Tax %: 21
Net Profit: 2
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2020

: 1,449
: 1,347
Operating Profit: 114
OPM %: 8
Other Income: 13
Interest: 68
Depreciation: 45
: 2
Tax %: -53
Net Profit: 3
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 1,526
: 1,372
Operating Profit: 162
OPM %: 11
Other Income: 7
Interest: 72
Depreciation: 47
: 43
Tax %: 43
Net Profit: 25
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2022

: 1,691
: 1,561
Operating Profit: 137
OPM %: 8
Other Income: 7
Interest: 60
Depreciation: 48
: 29
Tax %: 44
Net Profit: 16
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2023

: 2,000
: 1,862
Operating Profit: 146
OPM %: 7
Other Income: 8
Interest: 73
Depreciation: 50
: 23
Tax %: 49
Net Profit: 12
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2024

: 1,675
: 1,544
Operating Profit: 145
OPM %: 9
Other Income: 14
Interest: 76
Depreciation: 60
: 10
Tax %: -2
Net Profit: 11
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2025

: 1,853
: 1,753
Operating Profit: 116
OPM %: 6
Other Income: 16
Interest: 72
Depreciation: 50
: -5
Tax %: -403
Net Profit: -27
EPS: -5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5

TTM

: 1,983
: 1,894
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 47
Depreciation: 55
: -4
Tax %: 5
Net Profit: -3
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 5%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -6%

RETURN ON EQUITY

10 Years:: -2%
5 Years:: 2%
3 Years:: 0%
Last Year:: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	36	37	38	38	42	42	42	42	42	51
	115	322	311	329	392	416	432	442	452	721
	531	741	800	653	460	223	304	275	205	218
Trade Payables	166	116	285	428	361	381	575	400	633	530
	346	223	203	179	165	378	380	581	655	423
Total Liabilities	1,194	1,438	1,637	1,627	1,421	1,440	1,734	1,741	1,987	1,944
ASSETS	-	-	-	-	-	-	-	-	-	-
	466	689	743	692	733	706	666	866	849	862
Capital Work in Progress	19	79	6	67	17	5	44	8	17	23
	4	7	14	14	14	14	14	16	16	16
	474	498	625	567	381	423	652	517	802	733
	0	0	0	0	0	0	0	0	182	130
Cash & Bank	34	34	43	35	40	34	38	24	23	21
	198	132	207	251	237	258	321	309	99	160
Total Assets	1,194	1,438	1,637	1,627	1,421	1,440	1,734	1,741	1,987	1,944
Total Debt	817	901	938	788	584	555	630	735	654	488
Net Working Capital	-138	-265	-303	-298	-234	35	56	35	-58	114
Contingent Liabilities	0	22	67	53	70	67	41	132	191	291
Book Value per Share	42.21	97.11	92.64	95.66	103.47	109.21	113.08	115.49	117.87	150.97
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	817	901	938	788	584	555	630	735	654	488
Net Working Capital	-138	-265	-303	-298	-234	35	56	35	-58	114
Contingent Liabilities	0	22	67	53	70	67	41	132	191	291
Book Value per Share	42.21	97.11	92.64	95.66	103.47	109.21	113.08	115.49	117.87	150.97
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 36
: 115
: 531
Trade Payables: 166
: 346
Total Liabilities: 1,194
: 466
Capital Work in Progress: 19
: 4
: 474
: 0
Cash & Bank: 34
: 198
Total Assets: 1,194
Total Debt: 817
Net Working Capital: -138
Contingent Liabilities: 0
Book Value per Share: 42.21
Face Value: 10.00
Total Debt: 817
Net Working Capital: -138
Contingent Liabilities: 0
Book Value per Share: 42.21
Face Value: 10.00

Mar 2017

Equity Capital: 37
: 322
: 741
Trade Payables: 116
: 223
Total Liabilities: 1,438
: 689
Capital Work in Progress: 79
: 7
: 498
: 0
Cash & Bank: 34
: 132
Total Assets: 1,438
Total Debt: 901
Net Working Capital: -265
Contingent Liabilities: 22
Book Value per Share: 97.11
Face Value: 10.00
Total Debt: 901
Net Working Capital: -265
Contingent Liabilities: 22
Book Value per Share: 97.11
Face Value: 10.00

Mar 2018

Equity Capital: 38
: 311
: 800
Trade Payables: 285
: 203
Total Liabilities: 1,637
: 743
Capital Work in Progress: 6
: 14
: 625
: 0
Cash & Bank: 43
: 207
Total Assets: 1,637
Total Debt: 938
Net Working Capital: -303
Contingent Liabilities: 67
Book Value per Share: 92.64
Face Value: 10.00
Total Debt: 938
Net Working Capital: -303
Contingent Liabilities: 67
Book Value per Share: 92.64
Face Value: 10.00

Mar 2019

Equity Capital: 38
: 329
: 653
Trade Payables: 428
: 179
Total Liabilities: 1,627
: 692
Capital Work in Progress: 67
: 14
: 567
: 0
Cash & Bank: 35
: 251
Total Assets: 1,627
Total Debt: 788
Net Working Capital: -298
Contingent Liabilities: 53
Book Value per Share: 95.66
Face Value: 10.00
Total Debt: 788
Net Working Capital: -298
Contingent Liabilities: 53
Book Value per Share: 95.66
Face Value: 10.00

Mar 2020

Equity Capital: 42
: 392
: 460
Trade Payables: 361
: 165
Total Liabilities: 1,421
: 733
Capital Work in Progress: 17
: 14
: 381
: 0
Cash & Bank: 40
: 237
Total Assets: 1,421
Total Debt: 584
Net Working Capital: -234
Contingent Liabilities: 70
Book Value per Share: 103.47
Face Value: 10.00
Total Debt: 584
Net Working Capital: -234
Contingent Liabilities: 70
Book Value per Share: 103.47
Face Value: 10.00

Mar 2021

Equity Capital: 42
: 416
: 223
Trade Payables: 381
: 378
Total Liabilities: 1,440
: 706
Capital Work in Progress: 5
: 14
: 423
: 0
Cash & Bank: 34
: 258
Total Assets: 1,440
Total Debt: 555
Net Working Capital: 35
Contingent Liabilities: 67
Book Value per Share: 109.21
Face Value: 10.00
Total Debt: 555
Net Working Capital: 35
Contingent Liabilities: 67
Book Value per Share: 109.21
Face Value: 10.00

Mar 2022

Equity Capital: 42
: 432
: 304
Trade Payables: 575
: 380
Total Liabilities: 1,734
: 666
Capital Work in Progress: 44
: 14
: 652
: 0
Cash & Bank: 38
: 321
Total Assets: 1,734
Total Debt: 630
Net Working Capital: 56
Contingent Liabilities: 41
Book Value per Share: 113.08
Face Value: 10.00
Total Debt: 630
Net Working Capital: 56
Contingent Liabilities: 41
Book Value per Share: 113.08
Face Value: 10.00

Mar 2023

Equity Capital: 42
: 442
: 275
Trade Payables: 400
: 581
Total Liabilities: 1,741
: 866
Capital Work in Progress: 8
: 16
: 517
: 0
Cash & Bank: 24
: 309
Total Assets: 1,741
Total Debt: 735
Net Working Capital: 35
Contingent Liabilities: 132
Book Value per Share: 115.49
Face Value: 10.00
Total Debt: 735
Net Working Capital: 35
Contingent Liabilities: 132
Book Value per Share: 115.49
Face Value: 10.00

Mar 2024

Equity Capital: 42
: 452
: 205
Trade Payables: 633
: 655
Total Liabilities: 1,987
: 849
Capital Work in Progress: 17
: 16
: 802
: 182
Cash & Bank: 23
: 99
Total Assets: 1,987
Total Debt: 654
Net Working Capital: -58
Contingent Liabilities: 191
Book Value per Share: 117.87
Face Value: 10.00
Total Debt: 654
Net Working Capital: -58
Contingent Liabilities: 191
Book Value per Share: 117.87
Face Value: 10.00

Mar 2025

Equity Capital: 51
: 721
: 218
Trade Payables: 530
: 423
Total Liabilities: 1,944
: 862
Capital Work in Progress: 23
: 16
: 733
: 130
Cash & Bank: 21
: 160
Total Assets: 1,944
Total Debt: 488
Net Working Capital: 114
Contingent Liabilities: 291
Book Value per Share: 150.97
Face Value: 10.00
Total Debt: 488
Net Working Capital: 114
Contingent Liabilities: 291
Book Value per Share: 150.97
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	193	49	72	286	240	129	40	185	196	-1
Cash from Investing	-26	-100	-29	-54	-28	-8	-47	-217	-45	-61
Cash from Financing	-161	44	-43	-234	-211	-120	7	31	-151	63
	6	-7	1	-2	0	0	1	-1	1	0
Free Cash Flow	153	49	43	227	205	121	0	-27	146	-69
OCF / Net Profit	-17.12	-1.27	-3.43	131.26	94.85	5.24	2.48	15.39	18.59	0.05
Cumulative 5-Year FCF	0	0	0	0	678	647	598	527	446	172
OCF / Net Profit	-17.12	-1.27	-3.43	131.26	94.85	5.24	2.48	15.39	18.59	0.05
Cumulative 5-Year FCF	0	0	0	0	678	647	598	527	446	172

Mar 2016

: 193
Cash from Investing: -26
Cash from Financing: -161
: 6
Free Cash Flow: 153
OCF / Net Profit: -17.12
Cumulative 5-Year FCF: 0
OCF / Net Profit: -17.12
Cumulative 5-Year FCF: 0

Mar 2017

: 49
Cash from Investing: -100
Cash from Financing: 44
: -7
Free Cash Flow: 49
OCF / Net Profit: -1.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.27
Cumulative 5-Year FCF: 0

Mar 2018

: 72
Cash from Investing: -29
Cash from Financing: -43
: 1
Free Cash Flow: 43
OCF / Net Profit: -3.43
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.43
Cumulative 5-Year FCF: 0

Mar 2019

: 286
Cash from Investing: -54
Cash from Financing: -234
: -2
Free Cash Flow: 227
OCF / Net Profit: 131.26
Cumulative 5-Year FCF: 0
OCF / Net Profit: 131.26
Cumulative 5-Year FCF: 0

Mar 2020

: 240
Cash from Investing: -28
Cash from Financing: -211
: 0
Free Cash Flow: 205
OCF / Net Profit: 94.85
Cumulative 5-Year FCF: 678
OCF / Net Profit: 94.85
Cumulative 5-Year FCF: 678

Mar 2021

: 129
Cash from Investing: -8
Cash from Financing: -120
: 0
Free Cash Flow: 121
OCF / Net Profit: 5.24
Cumulative 5-Year FCF: 647
OCF / Net Profit: 5.24
Cumulative 5-Year FCF: 647

Mar 2022

: 40
Cash from Investing: -47
Cash from Financing: 7
: 1
Free Cash Flow: 0
OCF / Net Profit: 2.48
Cumulative 5-Year FCF: 598
OCF / Net Profit: 2.48
Cumulative 5-Year FCF: 598

Mar 2023

: 185
Cash from Investing: -217
Cash from Financing: 31
: -1
Free Cash Flow: -27
OCF / Net Profit: 15.39
Cumulative 5-Year FCF: 527
OCF / Net Profit: 15.39
Cumulative 5-Year FCF: 527

Mar 2024

: 196
Cash from Investing: -45
Cash from Financing: -151
: 1
Free Cash Flow: 146
OCF / Net Profit: 18.59
Cumulative 5-Year FCF: 446
OCF / Net Profit: 18.59
Cumulative 5-Year FCF: 446

Mar 2025

: -1
Cash from Investing: -61
Cash from Financing: 63
: 0
Free Cash Flow: -69
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: 172
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: 172

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-3.16	-10.46	-5.61	0.57	0.60	5.86	3.89	2.86	2.52	-5.31
Book Value (₹)	42.21	97.11	92.64	95.66	103.47	109.21	113.08	115.49	117.87	150.97
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	8.99	3.01	7.32	13.49	11.25	17.00	15.22	14.68	16.73	4.44
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	7.81%	7.60%	8.67%	9.16%	7.89%	10.60%	8.08%	7.28%	7.86%	5.40%
Net Margin %	-0.79%	-3.71%	-1.71%	0.14%	0.17%	1.61%	0.97%	0.60%	0.63%	-1.47%
ROE %	-7.22%	-15.17%	-5.97%	0.61%	0.63%	5.51%	3.50%	2.50%	2.16%	-4.29%
ROCE %	6.65%	1.73%	4.57%	7.51%	6.41%	11.33%	8.42%	8.26%	7.25%	5.50%
	-0.93%	-2.94%	-1.37%	0.13%	0.17%	1.72%	1.03%	0.69%	0.57%	-1.38%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	26	30	28	32	33	34	37	35	42	31
Inventory Days	127	170	166	141	119	96	116	107	144	151
Payable Days	47	73	85	117	135	129	148	129	161	154
	106	126	109	56	17	1	5	12	25	28
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	5.42x	2.51x	2.69x	2.15x	1.34x	1.21x	1.33x	1.52x	1.32x	0.63x
Interest Coverage (x)	0.81x	0.24x	0.67x	1.03x	1.02x	1.61x	1.49x	1.32x	1.14x	0.92x
	0.83x	0.71x	0.74x	0.74x	0.73x	1.05x	1.06x	1.04x	0.95x	1.13x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	39.96%	-27.82%	23.64%	26.62%	-6.06%	5.35%	10.78%	18.30%	-16.24%	10.61%
Operating Profit Growth %	132.74%	-28.59%	34.84%	32.13%	-19.07%	41.48%	-15.52%	6.52%	-0.06%	-20.22%
Net Profit Growth %	85.51%	-242.39%	45.37%	110.31%	15.92%	872.52%	-33.52%	-26.51%	-11.97%	-357.11%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.96%	-310.72%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.97x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.63x	10.50x

Mar 2016

EPS (₹): -3.16
Book Value (₹): 42.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.99
Operating Margin %: 7.81%
Net Margin %: -0.79%
ROE %: -7.22%
ROCE %: 6.65%
: -0.93%
Debtor Days: 26
Inventory Days: 127
Payable Days: 47
: 106
Debt to Equity (x): 5.42x
Interest Coverage (x): 0.81x
: 0.83x
Revenue Growth %: 39.96%
Operating Profit Growth %: 132.74%
Net Profit Growth %: 85.51%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): -10.46
Book Value (₹): 97.11
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.01
Operating Margin %: 7.60%
Net Margin %: -3.71%
ROE %: -15.17%
ROCE %: 1.73%
: -2.94%
Debtor Days: 30
Inventory Days: 170
Payable Days: 73
: 126
Debt to Equity (x): 2.51x
Interest Coverage (x): 0.24x
: 0.71x
Revenue Growth %: -27.82%
Operating Profit Growth %: -28.59%
Net Profit Growth %: -242.39%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -5.61
Book Value (₹): 92.64
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.32
Operating Margin %: 8.67%
Net Margin %: -1.71%
ROE %: -5.97%
ROCE %: 4.57%
: -1.37%
Debtor Days: 28
Inventory Days: 166
Payable Days: 85
: 109
Debt to Equity (x): 2.69x
Interest Coverage (x): 0.67x
: 0.74x
Revenue Growth %: 23.64%
Operating Profit Growth %: 34.84%
Net Profit Growth %: 45.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 0.57
Book Value (₹): 95.66
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.49
Operating Margin %: 9.16%
Net Margin %: 0.14%
ROE %: 0.61%
ROCE %: 7.51%
: 0.13%
Debtor Days: 32
Inventory Days: 141
Payable Days: 117
: 56
Debt to Equity (x): 2.15x
Interest Coverage (x): 1.03x
: 0.74x
Revenue Growth %: 26.62%
Operating Profit Growth %: 32.13%
Net Profit Growth %: 110.31%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 0.60
Book Value (₹): 103.47
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.25
Operating Margin %: 7.89%
Net Margin %: 0.17%
ROE %: 0.63%
ROCE %: 6.41%
: 0.17%
Debtor Days: 33
Inventory Days: 119
Payable Days: 135
: 17
Debt to Equity (x): 1.34x
Interest Coverage (x): 1.02x
: 0.73x
Revenue Growth %: -6.06%
Operating Profit Growth %: -19.07%
Net Profit Growth %: 15.92%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 5.86
Book Value (₹): 109.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 17.00
Operating Margin %: 10.60%
Net Margin %: 1.61%
ROE %: 5.51%
ROCE %: 11.33%
: 1.72%
Debtor Days: 34
Inventory Days: 96
Payable Days: 129
: 1
Debt to Equity (x): 1.21x
Interest Coverage (x): 1.61x
: 1.05x
Revenue Growth %: 5.35%
Operating Profit Growth %: 41.48%
Net Profit Growth %: 872.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 3.89
Book Value (₹): 113.08
Dividend per Share (₹): 0.00
Cash EPS (₹): 15.22
Operating Margin %: 8.08%
Net Margin %: 0.97%
ROE %: 3.50%
ROCE %: 8.42%
: 1.03%
Debtor Days: 37
Inventory Days: 116
Payable Days: 148
: 5
Debt to Equity (x): 1.33x
Interest Coverage (x): 1.49x
: 1.06x
Revenue Growth %: 10.78%
Operating Profit Growth %: -15.52%
Net Profit Growth %: -33.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 2.86
Book Value (₹): 115.49
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.68
Operating Margin %: 7.28%
Net Margin %: 0.60%
ROE %: 2.50%
ROCE %: 8.26%
: 0.69%
Debtor Days: 35
Inventory Days: 107
Payable Days: 129
: 12
Debt to Equity (x): 1.52x
Interest Coverage (x): 1.32x
: 1.04x
Revenue Growth %: 18.30%
Operating Profit Growth %: 6.52%
Net Profit Growth %: -26.51%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 2.52
Book Value (₹): 117.87
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.73
Operating Margin %: 7.86%
Net Margin %: 0.63%
ROE %: 2.16%
ROCE %: 7.25%
: 0.57%
Debtor Days: 42
Inventory Days: 144
Payable Days: 161
: 25
Debt to Equity (x): 1.32x
Interest Coverage (x): 1.14x
: 0.95x
Revenue Growth %: -16.24%
Operating Profit Growth %: -0.06%
Net Profit Growth %: -11.97%
: -11.96%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 4.63x

Mar 2025

EPS (₹): -5.31
Book Value (₹): 150.97
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.44
Operating Margin %: 5.40%
Net Margin %: -1.47%
ROE %: -4.29%
ROCE %: 5.50%
: -1.38%
Debtor Days: 31
Inventory Days: 151
Payable Days: 154
: 28
Debt to Equity (x): 0.63x
Interest Coverage (x): 0.92x
: 1.13x
Revenue Growth %: 10.61%
Operating Profit Growth %: -20.22%
Net Profit Growth %: -357.11%
: -310.72%
P/E (x): 0.00x
P/B (x): 0.97x
Dividend Yield %: 0.00%
: 10.50x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2017	Sep 2018	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	77.23	77.44	63.31	63.31	63.31	63.31	63.31	63.31	63.31
	0.00	0.00	1.14	0.96	0.63	0.60	0.86	0.98	0.22
	0.00	0.00	14.88	14.17	13.98	11.98	11.16	10.39	10.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.44	9.46	20.67	21.55	22.08	24.12	24.67	25.32	26.45

Sep 2017

: 77.23
: 0.00
: 0.00
Government: 0.00
: 9.44

Sep 2018

: 77.44
: 0.00
: 0.00
Government: 0.00
: 9.46

Dec 2024

: 63.31
: 1.14
: 14.88
Government: 0.00
: 20.67

Mar 2025

: 63.31
: 0.96
: 14.17
Government: 0.00
: 21.55

Jun 2025

: 63.31
: 0.63
: 13.98
Government: 0.00
: 22.08

Sep 2025

: 63.31
: 0.60
: 11.98
Government: 0.00
: 24.12

Dec 2025

: 63.31
: 0.86
: 11.16
Government: 0.00
: 24.67

Mar 2026

: 63.31
: 0.98
: 10.39
Government: 0.00
: 25.32

Jun 2026

: 63.31
: 0.22
: 10.02
Government: 0.00
: 26.45

Documents

Announcements

Copy of Newspaper Publication
2026-08-20 - Godavari Biorefineries Limited has informed the Exchange about Copy of Newspaper Publication regarding a special window for re-lodgement of the transfer deed of physical shares
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Godavari Biorefineries Limited has informed the Exchange about Transcript

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
Jun 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC