Godrej Industries Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Estate and Property Development: 32.6% • Animal Feed: 19.0% • Chemicals: 15.9% • Finance and Investments: 10.0% • Veg Oils: 8.9% • Dairy: 6.1% • Crop Protection: 4.6% • Others: 2.4% • Hospitality: 0.5%
PROS
- Company has delivered good profit growth of 44.0% CAGR over last 5 years
- Promoters have been increasing their shareholding - up 7.5pp over 2 years
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 19.0% CAGR over last 5 years
- Working capital cycle has improved - days down from 228 to 120
CONS
- Company has a high debt-to-equity of 4.57x
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (110.3% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.76x)
- Company has a low return on capital employed of 9.3%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BASF | 3928.85 | 26.45 | 17006.28 | 0.64 | 360.29 | 162.22 | 4824.26 | 24.57 | 15.23 | 10.46 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,506 | 3,938 | 3,590 | 4,567 | 4,248 | 4,805 | 4,825 | 5,780 | 4,460 | 5,032 | 5,051 | 7,694 | 5,448 | |
| 4,264 | 3,672 | 3,311 | 4,109 | 3,914 | 4,230 | 4,228 | 5,186 | 4,063 | 4,898 | 4,507 | 6,527 | 5,752 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 388 | 319 | 254 | 536 | 1,011 | 313 | 322 | 620 | 1,259 | 1,258 | 646 | 581 | 912 |
| Interest | 303 | 333 | 348 | 369 | 433 | 477 | 505 | 542 | 576 | 584 | 626 | 684 | 745 |
| Depreciation | 86 | 89 | 96 | 100 | 101 | 108 | 111 | 110 | 114 | 121 | 126 | 141 | 133 |
| 241 | 162 | 90 | 524 | 812 | 303 | 303 | 560 | 966 | 687 | 375 | 921 | 732 | |
| Tax % | 39.17% | 46.75% | 57.09% | 28.16% | 28.54% | -19.86% | 34.41% | 39.09% | 34.49% | 33.52% | 35.59% | 30.93% | 28.52% |
| Net Profit | 0 | 0 | 0 | 0 | 641 | 489 | 3,124 | 416 | 725 | 493 | 353 | 841 | 523 |
| 5 | 3 | 3 | -9 | 10 | 9 | 6 | 5 | 10 | 7 | 6 | 13 | 1 | |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Reserves | 0 | 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% | 0.00% |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Reserves | 0 | 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% | 0.00% |
- 4,506
- 4,264
- Operating Profit
- —
- OPM %
- —
- Other Income
- 388
- Interest
- 303
- Depreciation
- 86
- 241
- Tax %
- 39.17%
- Net Profit
- 0
- 5
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,938
- 3,672
- Operating Profit
- —
- OPM %
- —
- Other Income
- 319
- Interest
- 333
- Depreciation
- 89
- 162
- Tax %
- 46.75%
- Net Profit
- 0
- 3
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,590
- 3,311
- Operating Profit
- —
- OPM %
- —
- Other Income
- 254
- Interest
- 348
- Depreciation
- 96
- 90
- Tax %
- 57.09%
- Net Profit
- 0
- 3
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,567
- 4,109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 536
- Interest
- 369
- Depreciation
- 100
- 524
- Tax %
- 28.16%
- Net Profit
- 0
- -9
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,248
- 3,914
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,011
- Interest
- 433
- Depreciation
- 101
- 812
- Tax %
- 28.54%
- Net Profit
- 641
- 10
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,805
- 4,230
- Operating Profit
- —
- OPM %
- —
- Other Income
- 313
- Interest
- 477
- Depreciation
- 108
- 303
- Tax %
- -19.86%
- Net Profit
- 489
- 9
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,825
- 4,228
- Operating Profit
- —
- OPM %
- —
- Other Income
- 322
- Interest
- 505
- Depreciation
- 111
- 303
- Tax %
- 34.41%
- Net Profit
- 3,124
- 6
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,780
- 5,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 620
- Interest
- 542
- Depreciation
- 110
- 560
- Tax %
- 39.09%
- Net Profit
- 416
- 5
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,460
- 4,063
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,259
- Interest
- 576
- Depreciation
- 114
- 966
- Tax %
- 34.49%
- Net Profit
- 725
- 10
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,032
- 4,898
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,258
- Interest
- 584
- Depreciation
- 121
- 687
- Tax %
- 33.52%
- Net Profit
- 493
- 7
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,051
- 4,507
- Operating Profit
- —
- OPM %
- —
- Other Income
- 646
- Interest
- 626
- Depreciation
- 126
- 375
- Tax %
- 35.59%
- Net Profit
- 353
- 6
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,694
- 6,527
- Operating Profit
- —
- OPM %
- —
- Other Income
- 581
- Interest
- 684
- Depreciation
- 141
- 921
- Tax %
- 30.93%
- Net Profit
- 841
- 13
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,448
- 5,752
- Operating Profit
- —
- OPM %
- —
- Other Income
- 912
- Interest
- 745
- Depreciation
- 133
- 732
- Tax %
- 28.52%
- Net Profit
- 523
- 1
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,365 | 9,076 | 10,848 | 11,291 | 9,334 | 14,130 | 16,740 | 16,601 | 19,657 | 22,237 | 23,225 | |
| 7,724 | 9,424 | 10,159 | 10,480 | 9,020 | 13,087 | 15,230 | 15,356 | 17,558 | 19,995 | 21,684 | |
| Operating Profit | 810 | 830 | 1,171 | 1,383 | 975 | 1,978 | 2,532 | 2,741 | 4,366 | 5,985 | — |
| OPM % | 10 | 9 | 11 | 12 | 10 | 14 | 15 | 17 | 22 | 27 | — |
| Other Income | 169 | 1,178 | 482 | 572 | 661 | 935 | 1,022 | 1,496 | 2,267 | 3,744 | 3,397 |
| Interest | 402 | 413 | 508 | 491 | 469 | 623 | 943 | 1,352 | 1,957 | 2,470 | 2,639 |
| Depreciation | 148 | 175 | 163 | 234 | 242 | 274 | 305 | 371 | 430 | 501 | 521 |
| 626 | 597 | 1,161 | 909 | 616 | 1,282 | 1,681 | 964 | 2,353 | 3,393 | 2,714 | |
| Tax % | 27 | 19 | 19 | 30 | 37 | 23 | 15 | 38 | 21 | 29 | 32 |
| Net Profit | 459 | 484 | 939 | 638 | 390 | 992 | 1,421 | 595 | 1,858 | 2,412 | 1,857 |
| EPS | 7 | 10 | 18 | 16 | 10 | 19 | 29 | 2 | 29 | 37 | — |
| Dividend Payout % | 23 | 17 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -202 | -147 | -274 | -258 | -56 | -339 | -446 | -535 | -877 | -1,171 | 242 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 477 |
| Adjusted EPS | 8 | 10 | 18 | 16 | 10 | 19 | 29 | 2 | 29 | 37 | — |
| Minority Interest | -202 | -147 | -274 | -258 | -56 | -339 | -446 | -535 | -877 | -1,171 | 242 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 477 |
| Adjusted EPS | 8 | 10 | 18 | 16 | 10 | 19 | 29 | 2 | 29 | 37 | — |
- 8,365
- 7,724
- Operating Profit
- 810
- OPM %
- 10
- Other Income
- 169
- Interest
- 402
- Depreciation
- 148
- 626
- Tax %
- 27
- Net Profit
- 459
- EPS
- 7
- Dividend Payout %
- 23
- Minority Interest
- -202
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -202
- Share of Associates
- 0
- Adjusted EPS
- 8
- 9,076
- 9,424
- Operating Profit
- 830
- OPM %
- 9
- Other Income
- 1,178
- Interest
- 413
- Depreciation
- 175
- 597
- Tax %
- 19
- Net Profit
- 484
- EPS
- 10
- Dividend Payout %
- 17
- Minority Interest
- -147
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -147
- Share of Associates
- 0
- Adjusted EPS
- 10
- 10,848
- 10,159
- Operating Profit
- 1,171
- OPM %
- 11
- Other Income
- 482
- Interest
- 508
- Depreciation
- 163
- 1,161
- Tax %
- 19
- Net Profit
- 939
- EPS
- 18
- Dividend Payout %
- 7
- Minority Interest
- -274
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- -274
- Share of Associates
- 0
- Adjusted EPS
- 18
- 11,291
- 10,480
- Operating Profit
- 1,383
- OPM %
- 12
- Other Income
- 572
- Interest
- 491
- Depreciation
- 234
- 909
- Tax %
- 30
- Net Profit
- 638
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- -258
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- -258
- Share of Associates
- 0
- Adjusted EPS
- 16
- 9,334
- 9,020
- Operating Profit
- 975
- OPM %
- 10
- Other Income
- 661
- Interest
- 469
- Depreciation
- 242
- 616
- Tax %
- 37
- Net Profit
- 390
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- -56
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -56
- Share of Associates
- 0
- Adjusted EPS
- 10
- 14,130
- 13,087
- Operating Profit
- 1,978
- OPM %
- 14
- Other Income
- 935
- Interest
- 623
- Depreciation
- 274
- 1,282
- Tax %
- 23
- Net Profit
- 992
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- -339
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- -339
- Share of Associates
- 0
- Adjusted EPS
- 19
- 16,740
- 15,230
- Operating Profit
- 2,532
- OPM %
- 15
- Other Income
- 1,022
- Interest
- 943
- Depreciation
- 305
- 1,681
- Tax %
- 15
- Net Profit
- 1,421
- EPS
- 29
- Dividend Payout %
- 0
- Minority Interest
- -446
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- -446
- Share of Associates
- 0
- Adjusted EPS
- 29
- 16,601
- 15,356
- Operating Profit
- 2,741
- OPM %
- 17
- Other Income
- 1,496
- Interest
- 1,352
- Depreciation
- 371
- 964
- Tax %
- 38
- Net Profit
- 595
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- -535
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -535
- Share of Associates
- 0
- Adjusted EPS
- 2
- 19,657
- 17,558
- Operating Profit
- 4,366
- OPM %
- 22
- Other Income
- 2,267
- Interest
- 1,957
- Depreciation
- 430
- 2,353
- Tax %
- 21
- Net Profit
- 1,858
- EPS
- 29
- Dividend Payout %
- 0
- Minority Interest
- -877
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- -877
- Share of Associates
- 0
- Adjusted EPS
- 29
- 22,237
- 19,995
- Operating Profit
- 5,985
- OPM %
- 27
- Other Income
- 3,744
- Interest
- 2,470
- Depreciation
- 501
- 3,393
- Tax %
- 29
- Net Profit
- 2,412
- EPS
- 37
- Dividend Payout %
- 0
- Minority Interest
- -1,171
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- -1,171
- Share of Associates
- 0
- Adjusted EPS
- 37
- 23,225
- 21,684
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3,397
- Interest
- 2,639
- Depreciation
- 521
- 2,714
- Tax %
- 32
- Net Profit
- 1,857
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 242
- Share of Associates
- 477
- Adjusted EPS
- —
- Minority Interest
- 242
- Share of Associates
- 477
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 19%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 23%
- 5 Years:
- 30%
- 3 Years:
- 8%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 17%
- 3 Years:
- 35%
- 1 Year:
- -5%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 17%
- 3 Years:
- 17%
- Last Year:
- 23%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| 3,155 | 3,293 | 4,303 | 5,745 | 7,511 | 7,084 | 7,940 | 7,955 | 10,104 | 11,124 | |
| 5,604 | 5,343 | 5,626 | 6,547 | 6,648 | 8,577 | 9,986 | 15,424 | 15,622 | 25,013 | |
| Trade Payables | 1,691 | 1,628 | 1,878 | 2,180 | 3,404 | 3,729 | 4,869 | 4,989 | 5,235 | 8,657 |
| 4,447 | 5,924 | 5,780 | 5,444 | 11,007 | 14,192 | 20,676 | 32,708 | 56,644 | 81,072 | |
| Total Liabilities | 14,931 | 16,222 | 17,622 | 19,950 | 28,604 | 33,616 | 43,506 | 61,110 | 87,639 | 1,25,901 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 3,160 | 3,166 | 3,682 | 3,879 | 4,025 | 4,646 | 4,950 | 6,050 | 6,374 | 6,900 | |
| Capital Work in Progress | 54 | 270 | 200 | 329 | 439 | 459 | 926 | 442 | 231 | 406 |
| 3,203 | 4,137 | 5,473 | 6,594 | 9,952 | 9,609 | 8,009 | 8,669 | 11,165 | 11,247 | |
| 5,020 | 4,819 | 3,410 | 3,188 | 6,187 | 7,719 | 13,977 | 24,443 | 34,723 | 59,872 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 1,500 | 1,275 | 1,636 | 2,010 | |
| Cash & Bank | 235 | 504 | 945 | 978 | 852 | 1,824 | 2,955 | 3,510 | 6,782 | 6,927 |
| 3,259 | 3,326 | 3,912 | 4,982 | 7,149 | 9,360 | 11,189 | 16,722 | 26,728 | 38,538 | |
| Total Assets | 14,931 | 16,222 | 17,622 | 19,950 | 28,604 | 33,616 | 43,506 | 61,110 | 87,639 | 1,25,901 |
| Total Debt | 7,554 | 6,918 | 7,116 | 7,224 | 9,955 | 14,390 | 19,449 | 28,807 | 37,851 | 51,038 |
| Net Working Capital | -359 | -2,348 | -1,464 | 416 | 5,574 | 5,396 | 3,965 | 4,999 | 12,633 | 7,530 |
| Contingent Liabilities | 935 | 862 | 973 | 1,202 | 1,454 | 1,422 | 1,705 | 2,108 | 2,120 | 2,285 |
| Book Value per Share | 94.87 | 98.92 | 128.90 | 171.73 | 224.16 | 211.47 | 236.90 | 237.28 | 301.01 | 331.29 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 7,554 | 6,918 | 7,116 | 7,224 | 9,955 | 14,390 | 19,449 | 28,807 | 37,851 | 51,038 |
| Net Working Capital | -359 | -2,348 | -1,464 | 416 | 5,574 | 5,396 | 3,965 | 4,999 | 12,633 | 7,530 |
| Contingent Liabilities | 935 | 862 | 973 | 1,202 | 1,454 | 1,422 | 1,705 | 2,108 | 2,120 | 2,285 |
| Book Value per Share | 94.87 | 98.92 | 128.90 | 171.73 | 224.16 | 211.47 | 236.90 | 237.28 | 301.01 | 331.29 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 34
- 3,155
- 5,604
- Trade Payables
- 1,691
- 4,447
- Total Liabilities
- 14,931
- 3,160
- Capital Work in Progress
- 54
- 3,203
- 5,020
- 0
- Cash & Bank
- 235
- 3,259
- Total Assets
- 14,931
- Total Debt
- 7,554
- Net Working Capital
- -359
- Contingent Liabilities
- 935
- Book Value per Share
- 94.87
- Face Value
- 1.00
- Total Debt
- 7,554
- Net Working Capital
- -359
- Contingent Liabilities
- 935
- Book Value per Share
- 94.87
- Face Value
- 1.00
- Equity Capital
- 34
- 3,293
- 5,343
- Trade Payables
- 1,628
- 5,924
- Total Liabilities
- 16,222
- 3,166
- Capital Work in Progress
- 270
- 4,137
- 4,819
- 0
- Cash & Bank
- 504
- 3,326
- Total Assets
- 16,222
- Total Debt
- 6,918
- Net Working Capital
- -2,348
- Contingent Liabilities
- 862
- Book Value per Share
- 98.92
- Face Value
- 1.00
- Total Debt
- 6,918
- Net Working Capital
- -2,348
- Contingent Liabilities
- 862
- Book Value per Share
- 98.92
- Face Value
- 1.00
- Equity Capital
- 34
- 4,303
- 5,626
- Trade Payables
- 1,878
- 5,780
- Total Liabilities
- 17,622
- 3,682
- Capital Work in Progress
- 200
- 5,473
- 3,410
- 0
- Cash & Bank
- 945
- 3,912
- Total Assets
- 17,622
- Total Debt
- 7,116
- Net Working Capital
- -1,464
- Contingent Liabilities
- 973
- Book Value per Share
- 128.90
- Face Value
- 1.00
- Total Debt
- 7,116
- Net Working Capital
- -1,464
- Contingent Liabilities
- 973
- Book Value per Share
- 128.90
- Face Value
- 1.00
- Equity Capital
- 34
- 5,745
- 6,547
- Trade Payables
- 2,180
- 5,444
- Total Liabilities
- 19,950
- 3,879
- Capital Work in Progress
- 329
- 6,594
- 3,188
- 0
- Cash & Bank
- 978
- 4,982
- Total Assets
- 19,950
- Total Debt
- 7,224
- Net Working Capital
- 416
- Contingent Liabilities
- 1,202
- Book Value per Share
- 171.73
- Face Value
- 1.00
- Total Debt
- 7,224
- Net Working Capital
- 416
- Contingent Liabilities
- 1,202
- Book Value per Share
- 171.73
- Face Value
- 1.00
- Equity Capital
- 34
- 7,511
- 6,648
- Trade Payables
- 3,404
- 11,007
- Total Liabilities
- 28,604
- 4,025
- Capital Work in Progress
- 439
- 9,952
- 6,187
- 0
- Cash & Bank
- 852
- 7,149
- Total Assets
- 28,604
- Total Debt
- 9,955
- Net Working Capital
- 5,574
- Contingent Liabilities
- 1,454
- Book Value per Share
- 224.16
- Face Value
- 1.00
- Total Debt
- 9,955
- Net Working Capital
- 5,574
- Contingent Liabilities
- 1,454
- Book Value per Share
- 224.16
- Face Value
- 1.00
- Equity Capital
- 34
- 7,084
- 8,577
- Trade Payables
- 3,729
- 14,192
- Total Liabilities
- 33,616
- 4,646
- Capital Work in Progress
- 459
- 9,609
- 7,719
- 0
- Cash & Bank
- 1,824
- 9,360
- Total Assets
- 33,616
- Total Debt
- 14,390
- Net Working Capital
- 5,396
- Contingent Liabilities
- 1,422
- Book Value per Share
- 211.47
- Face Value
- 1.00
- Total Debt
- 14,390
- Net Working Capital
- 5,396
- Contingent Liabilities
- 1,422
- Book Value per Share
- 211.47
- Face Value
- 1.00
- Equity Capital
- 34
- 7,940
- 9,986
- Trade Payables
- 4,869
- 20,676
- Total Liabilities
- 43,506
- 4,950
- Capital Work in Progress
- 926
- 8,009
- 13,977
- 1,500
- Cash & Bank
- 2,955
- 11,189
- Total Assets
- 43,506
- Total Debt
- 19,449
- Net Working Capital
- 3,965
- Contingent Liabilities
- 1,705
- Book Value per Share
- 236.90
- Face Value
- 1.00
- Total Debt
- 19,449
- Net Working Capital
- 3,965
- Contingent Liabilities
- 1,705
- Book Value per Share
- 236.90
- Face Value
- 1.00
- Equity Capital
- 34
- 7,955
- 15,424
- Trade Payables
- 4,989
- 32,708
- Total Liabilities
- 61,110
- 6,050
- Capital Work in Progress
- 442
- 8,669
- 24,443
- 1,275
- Cash & Bank
- 3,510
- 16,722
- Total Assets
- 61,110
- Total Debt
- 28,807
- Net Working Capital
- 4,999
- Contingent Liabilities
- 2,108
- Book Value per Share
- 237.28
- Face Value
- 1.00
- Total Debt
- 28,807
- Net Working Capital
- 4,999
- Contingent Liabilities
- 2,108
- Book Value per Share
- 237.28
- Face Value
- 1.00
- Equity Capital
- 34
- 10,104
- 15,622
- Trade Payables
- 5,235
- 56,644
- Total Liabilities
- 87,639
- 6,374
- Capital Work in Progress
- 231
- 11,165
- 34,723
- 1,636
- Cash & Bank
- 6,782
- 26,728
- Total Assets
- 87,639
- Total Debt
- 37,851
- Net Working Capital
- 12,633
- Contingent Liabilities
- 2,120
- Book Value per Share
- 301.01
- Face Value
- 1.00
- Total Debt
- 37,851
- Net Working Capital
- 12,633
- Contingent Liabilities
- 2,120
- Book Value per Share
- 301.01
- Face Value
- 1.00
- Equity Capital
- 34
- 11,124
- 25,013
- Trade Payables
- 8,657
- 81,072
- Total Liabilities
- 1,25,901
- 6,900
- Capital Work in Progress
- 406
- 11,247
- 59,872
- 2,010
- Cash & Bank
- 6,927
- 38,538
- Total Assets
- 1,25,901
- Total Debt
- 51,038
- Net Working Capital
- 7,530
- Contingent Liabilities
- 2,285
- Book Value per Share
- 331.29
- Face Value
- 1.00
- Total Debt
- 51,038
- Net Working Capital
- 7,530
- Contingent Liabilities
- 2,285
- Book Value per Share
- 331.29
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 569 | 1,689 | 1,240 | 392 | -672 | -1,756 | -4,409 | -4,284 | -5,151 | -8,855 | |
| Cash from Investing | -234 | -1,016 | -1,373 | -1,874 | -5,152 | 43 | 1,775 | -2,752 | -4,597 | 202 |
| Cash from Financing | -528 | -959 | 1,056 | 1,349 | 5,772 | 1,916 | 3,535 | 7,219 | 10,689 | 8,056 |
| -193 | -286 | 923 | -133 | -52 | 202 | 900 | 182 | 941 | -597 | |
| Free Cash Flow | 323 | 1,294 | 668 | -199 | -1,163 | -2,687 | -5,460 | -5,265 | -5,671 | -9,933 |
| OCF / Net Profit | 1.24 | 3.49 | 1.32 | 0.61 | -1.72 | -1.77 | -3.10 | -7.20 | -2.77 | -3.67 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 923 | -2,087 | -8,841 | -14,773 | -20,246 | -29,017 |
| OCF / Net Profit | 1.24 | 3.49 | 1.32 | 0.61 | -1.72 | -1.77 | -3.10 | -7.20 | -2.77 | -3.67 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 923 | -2,087 | -8,841 | -14,773 | -20,246 | -29,017 |
- 569
- Cash from Investing
- -234
- Cash from Financing
- -528
- -193
- Free Cash Flow
- 323
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
- 1,689
- Cash from Investing
- -1,016
- Cash from Financing
- -959
- -286
- Free Cash Flow
- 1,294
- OCF / Net Profit
- 3.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.49
- Cumulative 5-Year FCF
- 0
- 1,240
- Cash from Investing
- -1,373
- Cash from Financing
- 1,056
- 923
- Free Cash Flow
- 668
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- 392
- Cash from Investing
- -1,874
- Cash from Financing
- 1,349
- -133
- Free Cash Flow
- -199
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 0
- -672
- Cash from Investing
- -5,152
- Cash from Financing
- 5,772
- -52
- Free Cash Flow
- -1,163
- OCF / Net Profit
- -1.72
- Cumulative 5-Year FCF
- 923
- OCF / Net Profit
- -1.72
- Cumulative 5-Year FCF
- 923
- -1,756
- Cash from Investing
- 43
- Cash from Financing
- 1,916
- 202
- Free Cash Flow
- -2,687
- OCF / Net Profit
- -1.77
- Cumulative 5-Year FCF
- -2,087
- OCF / Net Profit
- -1.77
- Cumulative 5-Year FCF
- -2,087
- -4,409
- Cash from Investing
- 1,775
- Cash from Financing
- 3,535
- 900
- Free Cash Flow
- -5,460
- OCF / Net Profit
- -3.10
- Cumulative 5-Year FCF
- -8,841
- OCF / Net Profit
- -3.10
- Cumulative 5-Year FCF
- -8,841
- -4,284
- Cash from Investing
- -2,752
- Cash from Financing
- 7,219
- 182
- Free Cash Flow
- -5,265
- OCF / Net Profit
- -7.20
- Cumulative 5-Year FCF
- -14,773
- OCF / Net Profit
- -7.20
- Cumulative 5-Year FCF
- -14,773
- -5,151
- Cash from Investing
- -4,597
- Cash from Financing
- 10,689
- 941
- Free Cash Flow
- -5,671
- OCF / Net Profit
- -2.77
- Cumulative 5-Year FCF
- -20,246
- OCF / Net Profit
- -2.77
- Cumulative 5-Year FCF
- -20,246
- -8,855
- Cash from Investing
- 202
- Cash from Financing
- 8,056
- -597
- Free Cash Flow
- -9,933
- OCF / Net Profit
- -3.67
- Cumulative 5-Year FCF
- -29,017
- OCF / Net Profit
- -3.67
- Cumulative 5-Year FCF
- -29,017
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 7.63 | 10.05 | 17.52 | 16.46 | 9.94 | 19.42 | 28.96 | 1.78 | 29.14 | 36.83 |
| Book Value (₹) | 94.87 | 98.92 | 128.90 | 171.73 | 224.16 | 211.47 | 236.90 | 237.28 | 301.01 | 331.29 |
| Dividend per Share (₹) | 1.75 | 1.75 | 1.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 18.06 | 19.61 | 32.75 | 25.90 | 18.78 | 37.61 | 51.25 | 28.69 | 67.95 | 86.50 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 9.55% | 9.10% | 10.53% | 12.00% | 10.23% | 13.74% | 8.85% | 7.31% | 10.40% | 9.82% |
| Net Margin % | 5.41% | 5.31% | 8.44% | 5.54% | 4.09% | 6.89% | 8.33% | 3.50% | 9.21% | 10.57% |
| ROE % | 15.01% | 14.87% | 24.50% | 12.61% | 5.85% | 13.54% | 18.83% | 7.46% | 20.50% | 22.65% |
| ROCE % | 9.85% | 9.62% | 15.37% | 11.44% | 7.11% | 9.77% | 10.72% | 7.21% | 10.16% | 10.64% |
| 3.16% | 3.11% | 5.55% | 3.40% | 1.61% | 3.19% | 3.68% | 1.14% | 2.50% | 2.26% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 38 | 38 | 35 | 43 | 59 | 41 | 34 | 30 | 26 | 29 |
| Inventory Days | 213 | 197 | 135 | 105 | 180 | 176 | 232 | 412 | 535 | 756 |
| Payable Days | 82 | 57 | 47 | 55 | 198 | 128 | 308 | -2023 | -3248 | -158 |
| 169 | 178 | 124 | 92 | 40 | 89 | -42 | 2465 | 3809 | 943 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.37x | 2.08x | 1.64x | 1.25x | 1.32x | 2.02x | 2.44x | 3.61x | 3.73x | 4.57x |
| Interest Coverage (x) | 2.56x | 2.44x | 3.29x | 2.85x | 2.31x | 3.06x | 2.78x | 1.71x | 2.20x | 2.37x |
| 0.96x | 0.79x | 0.85x | 1.04x | 1.46x | 1.36x | 1.18x | 1.15x | 1.27x | 1.09x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 12.23% | 8.49% | 19.53% | 4.08% | -17.97% | 51.39% | 18.47% | -0.83% | 18.41% | 13.12% |
| Operating Profit Growth % | 35.39% | 2.52% | 41.08% | 18.07% | -28.65% | 102.92% | 28.03% | 8.24% | 59.28% | 37.10% |
| Net Profit Growth % | 42.05% | 5.57% | 93.81% | -32.05% | -51.97% | 154.61% | 43.15% | -58.11% | 212.23% | 29.80% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 49.11% | -93.85% | 1535.97% | 26.41% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.95x | 438.15x | 38.93x | 20.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.71x | 3.29x | 3.77x | 2.26x |
| 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 | 11.88x | 18.82x | 15.87x | 11.58x |
- EPS (₹)
- 7.63
- Book Value (₹)
- 94.87
- Dividend per Share (₹)
- 1.75
- Cash EPS (₹)
- 18.06
- Operating Margin %
- 9.55%
- Net Margin %
- 5.41%
- ROE %
- 15.01%
- ROCE %
- 9.85%
- 3.16%
- Debtor Days
- 38
- Inventory Days
- 213
- Payable Days
- 82
- 169
- Debt to Equity (x)
- 2.37x
- Interest Coverage (x)
- 2.56x
- 0.96x
- Revenue Growth %
- 12.23%
- Operating Profit Growth %
- 35.39%
- Net Profit Growth %
- 42.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.05
- Book Value (₹)
- 98.92
- Dividend per Share (₹)
- 1.75
- Cash EPS (₹)
- 19.61
- Operating Margin %
- 9.10%
- Net Margin %
- 5.31%
- ROE %
- 14.87%
- ROCE %
- 9.62%
- 3.11%
- Debtor Days
- 38
- Inventory Days
- 197
- Payable Days
- 57
- 178
- Debt to Equity (x)
- 2.08x
- Interest Coverage (x)
- 2.44x
- 0.79x
- Revenue Growth %
- 8.49%
- Operating Profit Growth %
- 2.52%
- Net Profit Growth %
- 5.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 17.52
- Book Value (₹)
- 128.90
- Dividend per Share (₹)
- 1.15
- Cash EPS (₹)
- 32.75
- Operating Margin %
- 10.53%
- Net Margin %
- 8.44%
- ROE %
- 24.50%
- ROCE %
- 15.37%
- 5.55%
- Debtor Days
- 35
- Inventory Days
- 135
- Payable Days
- 47
- 124
- Debt to Equity (x)
- 1.64x
- Interest Coverage (x)
- 3.29x
- 0.85x
- Revenue Growth %
- 19.53%
- Operating Profit Growth %
- 41.08%
- Net Profit Growth %
- 93.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 16.46
- Book Value (₹)
- 171.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 25.90
- Operating Margin %
- 12.00%
- Net Margin %
- 5.54%
- ROE %
- 12.61%
- ROCE %
- 11.44%
- 3.40%
- Debtor Days
- 43
- Inventory Days
- 105
- Payable Days
- 55
- 92
- Debt to Equity (x)
- 1.25x
- Interest Coverage (x)
- 2.85x
- 1.04x
- Revenue Growth %
- 4.08%
- Operating Profit Growth %
- 18.07%
- Net Profit Growth %
- -32.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.94
- Book Value (₹)
- 224.16
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 18.78
- Operating Margin %
- 10.23%
- Net Margin %
- 4.09%
- ROE %
- 5.85%
- ROCE %
- 7.11%
- 1.61%
- Debtor Days
- 59
- Inventory Days
- 180
- Payable Days
- 198
- 40
- Debt to Equity (x)
- 1.32x
- Interest Coverage (x)
- 2.31x
- 1.46x
- Revenue Growth %
- -17.97%
- Operating Profit Growth %
- -28.65%
- Net Profit Growth %
- -51.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 19.42
- Book Value (₹)
- 211.47
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 37.61
- Operating Margin %
- 13.74%
- Net Margin %
- 6.89%
- ROE %
- 13.54%
- ROCE %
- 9.77%
- 3.19%
- Debtor Days
- 41
- Inventory Days
- 176
- Payable Days
- 128
- 89
- Debt to Equity (x)
- 2.02x
- Interest Coverage (x)
- 3.06x
- 1.36x
- Revenue Growth %
- 51.39%
- Operating Profit Growth %
- 102.92%
- Net Profit Growth %
- 154.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 28.96
- Book Value (₹)
- 236.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 51.25
- Operating Margin %
- 8.85%
- Net Margin %
- 8.33%
- ROE %
- 18.83%
- ROCE %
- 10.72%
- 3.68%
- Debtor Days
- 34
- Inventory Days
- 232
- Payable Days
- 308
- -42
- Debt to Equity (x)
- 2.44x
- Interest Coverage (x)
- 2.78x
- 1.18x
- Revenue Growth %
- 18.47%
- Operating Profit Growth %
- 28.03%
- Net Profit Growth %
- 43.15%
- 49.11%
- P/E (x)
- 13.95x
- P/B (x)
- 1.71x
- Dividend Yield %
- 0.00%
- 11.88x
- EPS (₹)
- 1.78
- Book Value (₹)
- 237.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.69
- Operating Margin %
- 7.31%
- Net Margin %
- 3.50%
- ROE %
- 7.46%
- ROCE %
- 7.21%
- 1.14%
- Debtor Days
- 30
- Inventory Days
- 412
- Payable Days
- -2023
- 2465
- Debt to Equity (x)
- 3.61x
- Interest Coverage (x)
- 1.71x
- 1.15x
- Revenue Growth %
- -0.83%
- Operating Profit Growth %
- 8.24%
- Net Profit Growth %
- -58.11%
- -93.85%
- P/E (x)
- 438.15x
- P/B (x)
- 3.29x
- Dividend Yield %
- 0.00%
- 18.82x
- EPS (₹)
- 29.14
- Book Value (₹)
- 301.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 67.95
- Operating Margin %
- 10.40%
- Net Margin %
- 9.21%
- ROE %
- 20.50%
- ROCE %
- 10.16%
- 2.50%
- Debtor Days
- 26
- Inventory Days
- 535
- Payable Days
- -3248
- 3809
- Debt to Equity (x)
- 3.73x
- Interest Coverage (x)
- 2.20x
- 1.27x
- Revenue Growth %
- 18.41%
- Operating Profit Growth %
- 59.28%
- Net Profit Growth %
- 212.23%
- 1535.97%
- P/E (x)
- 38.93x
- P/B (x)
- 3.77x
- Dividend Yield %
- 0.00%
- 15.87x
- EPS (₹)
- 36.83
- Book Value (₹)
- 331.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 86.50
- Operating Margin %
- 9.82%
- Net Margin %
- 10.57%
- ROE %
- 22.65%
- ROCE %
- 10.64%
- 2.26%
- Debtor Days
- 29
- Inventory Days
- 756
- Payable Days
- -158
- 943
- Debt to Equity (x)
- 4.57x
- Interest Coverage (x)
- 2.37x
- 1.09x
- Revenue Growth %
- 13.12%
- Operating Profit Growth %
- 37.10%
- Net Profit Growth %
- 29.80%
- 26.41%
- P/E (x)
- 20.31x
- P/B (x)
- 2.26x
- Dividend Yield %
- 0.00%
- 11.58x
Documents
Announcements
- 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.
- Shareholders meeting
2026-08-13 - Godrej Industries Limited has informed the Exchange regarding Proceedings of 38th Annual General Meeting held on August 13, 2026
Annual Reports
Credit Ratings
- Credit Rating
2025-10-17 - Godrej Industries Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-10-10 - Godrej Industries Limited has informed the Exchange about Credit Rating

