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Godrej Industries Ltd (GODREJIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500164 NSE: GODREJIND Chemicals | Mid Cap | Godrej Industries Share Price

₹1,123.20 -9.25 (-0.82%)

As on 10-Sep'26 16:59

Godrej Industries Ltd (GODREJIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500164 NSE: GODREJIND Chemicals | Mid Cap | Godrej Industries Share Price

₹1,123.20 -9.25 (-0.82%)

As on 10-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹38,147 Cr.
Current Price
₹1,123.2
52-Week Low / High
₹744 / 1,444
TTM EPS
₹34.9
TTM Sales
₹23,225 Cr.
Book Value per Share
₹343.1
P/E Ratio
32.45
Industry PE
49.8
Price to Book (P/B)
3.30
Lower than its 5-year historical median
Price to Sales (P/S)
1.64
Lower than its 5-year historical median
EV/EBITDA
14.14
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
22.65%
Outperforms industry median
Return on Capital Employed (ROCE)
10.64%
Underperforms industry median
Return on Assets (ROA)
2.26%
Operating Profit Margin
10.1%
Net Profit Margin
10.85%
Gross Profit Margin
15.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.79%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
29.8%
Asset Quality
Promoter Holding
74.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹11,524 Cr.
Equity
₹33.7 Cr.
Face Value
₹1
All Time Low / High
₹1.92 / 1443.65

Godrej Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Godrej Industries Ltd a good quality company?
Godrej Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Godrej Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Godrej Industries Ltd vs industry peers?
Godrej Industries Ltd revenue CAGR is 20.98%, compared to the industry median CAGR of 14.38%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Godrej Industries Ltd?
Promoters hold 74.64% of the Godrej Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Godrej Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Godrej Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 1.4%10.4%3%5.6%2.5%4.7%8.8%4.1%8.6%7.3%-
Value Creation
Index
-0.9-0.2-0.8-0.6-0.8-0.7-0.4-0.6-0.2-0.4-

Growth Parameters

Sales 1,5001,9582,1441,9691,8563,3404,4883,0184,1714,8095,080
Sales YoY Gr.-30.6%9.5%-8.2%-5.8%80%34.4%-32.8%38.2%15.3%-
Adj EPS -4.41.6-3.31.6-3.3-0.36.6-6.84.7-22.5
YoY Gr.-NA-303.7%NA-314.1%NANA-202.6%NA-142.4%-
BVPS (₹) 47.953.848.748.345.24450.944.950.552.452.2
Adj Net
Profit
-14855-11252.3-112-10.7223-229160-67.686
Cash Flow from Ops. 248284448411139159837318931660-
Debt/CF from Ops. 11.69.57.1731.838.88.226.810.816.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.8%21%2.3%15.3%
Adj EPS NANA-167.2%-142.4%
BVPS1%3%1%3.7%
Share Price 10.1% 15% 24.4% -6.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-8.83.2-6.53.2-7.1-0.714-14.29.9-3.94.9
Op. Profit
Mgn %
4.512.219.315.57.411.816.312.421.815.114.9
Net Profit
Mgn %
-9.82.8-5.22.7-6.1-0.35-7.63.8-1.41.7
Debt to
Equity
1.81.521.82.94.245.65.96.2-
Working Cap
Days
1411031001081331099813910611997
Cash Conv.
Cycle
3812514596663864043-161

Valuation of Godrej Industries - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.625.625.585.745.420.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8,3659,07610,84811,2919,33414,13016,74016,60119,65722,237
Operating Expenses + 7,7249,42410,15910,4809,02013,08715,23015,35617,55819,995
Manufacturing Costs1,5019881,1721,9643,8262,8288,56113,15314,21728,865
Material Costs5,1067,0687,6446,9183,5858,4314,421-802-529-13,851
Employee Cost 4755745876798077699431,2111,4441,876
Other Costs 6427937559188021,0591,3061,7942,4263,105
Operating Profit 641-3486908113131,0431,5101,2452,0992,242
Operating Profit Margin (%) 7.7%-3.8%6.4%7.2%3.4%7.4%9.0%7.5%10.7%10.1%
Other Income + 1691,1784825726619351,0221,4962,2673,744
Exceptional Items 231288-100-84000-66
Interest 4024135084914696239431,3521,9572,470
Depreciation 148175163234242274305371430501
Profit Before Tax 6265971,1619096161,2821,6819642,3533,393
Tax 167113222271226290260369495982
Profit After Tax 4594849396383909921,4215951,8582,412
PAT Margin (%) 5.5%5.3%8.7%5.7%4.2%7.0%8.5%3.6%9.5%10.9%
Adjusted EPS (₹)7.610.117.516.59.919.429.01.829.136.8
Dividend Payout Ratio (%)22.90%17.40%6.60%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,1883,3274,3365,7797,5457,1187,9747,98910,13811,158
Share Capital 34343434343434343434
Reserves 3,1553,2934,3035,7457,5117,0847,9407,95510,10411,124
Debt +7,1016,2646,8236,6509,75814,03017,07027,01834,72446,439
Long Term Debt1,5089521,1966133,1115,4537,08411,59319,10121,425
Short Term Debt5,5925,3125,6266,0376,6488,5779,98615,42415,62225,013
Minority Interest147513572212356258175954631771181119612008
Trade Payables1,6911,6281,8782,1803,4043,7294,8694,9895,2358,657
Others Liabilities 1,4763,6462,3721,7782,0792,7857,27613,99726,34747,639
Total Liabilities 14,93116,22217,62219,95028,60433,61643,50661,11087,6391,25,901

Fixed Assets

Net Fixed Assets +3,1603,1663,6823,8794,0254,6464,9506,0506,3746,900
Gross Block3,4203,6004,2424,7035,0845,9956,5798,0448,7759,679
Accumulated Depreciation2604335618241,0601,3501,6301,9942,4012,778
CWIP 54271202334444483942462258432
Investments 3,2034,1375,4736,5949,9529,6098,0098,66911,16511,247
Inventories5,0204,8193,4103,1886,1877,71913,97724,44334,72359,872
Trade Receivables9061,0021,1601,5521,5231,6761,5001,2751,6362,010
Cash Equivalents 2355049459788521,8242,9553,5106,7826,927
Others Assets 2,3532,3232,7493,4255,6217,65911,17316,70126,70138,511
Total Assets 14,93116,22217,62219,95028,60433,61643,50661,11087,6391,25,901
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 5691,6891,240392-672-1,756-4,409-4,284-5,151-8,855
PBT 6265971,0861,0836171,2821,6819642,3533,393
Adjustment 91-122-333-103-2105596506121-775
Changes in Working Capital 1011375644-459-970-2723-5894-5305-7136-10848
Tax Paid -249-160-157-130-109-370-292-449-489-625
Cash Flow From Investing Activity + -234-1,016-1,373-1,874-5,152431,775-2,752-4,597202
Capex -270-468-405-381-727-500-741-1,187-761-562
Net Investments 101-170-1,043-1,641-4,5575301,687-1,116-3,929273
Others -66-3787414813213830-45093492
Cash Flow From Financing Activity + -528-9591,0561,3495,7721,9163,5357,21910,6898,056
Net Proceeds from Shares 2221100000
Net Proceeds from Borrowing 645-381-65-3362,0762,3142,0714,8228,6667,502
Interest Paid -618-561-581-563-606-741-1,148-2,076-2,753-3,488
Dividend Paid 0-93-98-78-50-63-66-65-68-74
Others -556731,7972,3254,3514062,6774,5374,8434,116
Net Cash Flow -193-286923-133-52203901183941-597
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)15.0114.8724.512.615.8513.5418.837.4620.522.65
ROCE (%)9.859.6215.3711.447.119.7710.727.2110.1610.64
Asset Turnover Ratio0.580.590.660.610.390.460.440.330.270.21
PAT to CFO Conversion(x)1.243.491.320.61-1.72-1.77-3.1-7.2-2.77-3.67
Working Capital Days
Receivable Days37.9038.2035.504358.9040.603429.8026.3029.20
Inventory Days213196.80135104.50179.50176.30232.10412535756.40
Payable Days81.6057.1046.9055.20198.20127.50307.90-2,023.10-3,248.10-157.90

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Godrej Industries Ltd FAQs

The current trading price of Godrej Industries on 10-Sep-2026 16:59 is ₹1,123.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Sep-2026 the market cap of Godrej Industries stood at ₹38,146.7 Cr

The latest P/E ratio of Godrej Industries as of 09-Sep-2026 is 445.6.

The latest P/B ratio of Godrej Industries as of 09-Sep-2026 is 21.69.

The 52-week high of Godrej Industries is ₹1,443.7 and the 52-week low is ₹744.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Industries is ₹5,080 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Godrej Industries Ltd is a below average quality company.

The key valuation ratios of Godrej Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Godrej Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Godrej Industries Ltd

Godrej Industries (GIL), the ultimate holding company of the Godrej Industries Group, is engaged in the business of manufacturing and marketing of oleochemicals, their precursors and derivatives, bulk edible oils, estate management and investment activities. Godrej Industries including its Subsidiaries, and interests in Joint Ventures, Associates and Limited Liability Partnerships collectively referred as the Group. The company serves people through a diverse portfolio of businesses, united by its purpose of Crafting tomorrow. The company has an interest in various businesses directly and through its subsidiaries and associates.

Godrej Consumer Products is an emerging markets FMCG leader, delighting consumers across Asia, Africa, and Latin America. Godrej Properties is shaping the future of urban India through a legacy of trust and a forward-looking vision. Godrej Agrovet is strengthening India’s food and agriculture ecosystem, empowering farmers and advancing food security. Godrej Chemicals develops innovative and responsible chemistry, creating sustainable solutions through science and expertise. Godrej Ventures invests in and creates inspiring spaces that foster community and creativity. Godrej Capital is building a digital-first, innovation-led NBFC, expanding access to credit and enabling inclusive growth. The Group Corporate Center supports this portfolio by shaping strategy, nurturing talent, and enabling synergies across businesses.

The company was incorporated under the Companies Act, 1956 on March 7, 1988 under the name of Gujarat-Godrej Innovative Chemicals Limited. The business and undertaking of the erstwhile Godrej Soaps Limited was transferred to the Company under a Scheme of Amalgamation with effect from April 1, 1994 and the Company’s name was changed to Godrej Soaps Limited. Subsequently, under a Scheme of Arrangement the Consumer Products division of the Company was demerged with effect from April 1, 2001 into a separate company, Godrej Consumer Products Limited (GCPL). The Company’s name was changed to Godrej Industries Limited on April 2, 2001. The Vegetable Oils and Processed Foods Manufacturing business of Godrej Foods Limited was transferred to the Company with effect from June 30, 2001. The Foods division (except Wadala factory) was then sold to Godrej Hershey Limited, on March 31, 2006. Swadeshi Detergents Limited, 100% subsidiary of the Company, was amalgamated with the Company effective from April 01, 2013. Wadala Commodities Limited was amalgamated with the Company effective from April 01, 2014. Vora Soaps Limited was amalgamated with the Company effective from December 14, 2017.

Business area of the company

The company is engaged in the business of chemicals, innovative crop care and agricultural inputs, estate and property development, hospitality, vegetable oil, finance and investments, dairy, animal nutrition, and other related activities.

Businesses of the company

  • Godrej Agrovet
  • Godrej Capital
  • Godrej Chemicals
  • Godrej Consumer Products
  • Godrej Properties
  • Godrej Ventures

Accreditations

  • GIL has been accredited with ISO 27001 for its Information Security Management System by BSI, a global certifying agency.
  • GIL has received a 'Lifetime Achievement Award ' for their outstanding track record in Chemicals Exports, from CHEMEXCIL.
  • The company’s Chemicals business received the CII’s National award for Excellence in Energy Management 2019.
  • The company’s Chemicals business also bagged the Golden Peacock award for Environmental management and for HR Excellence. 
  • Its  Valia Factory received the “Par-Excellence” Award at the National Convention of Quality Concepts (NCQC).
  • Godrej  Industries  Limited,  Chemicals  Business  has  been  accredited  with  one  of  the  world’s  most  recognized  energy  management  standard  - ISO 50001:2018.

Milestones/ History

  • 1897: Production began at Lalbaug in Mumbai, the first Godrej factory.
  • 1918: Ardeshir Godrej launched the world’s first commercial vegetable oil soap.
  • 1938: A provident fund for employees was introduced at Godrej, fourteen years before it became mandatory in India.
  • 1943: Ardeshir's brother, Pirojsha, invested in Vikhroli, envisioning not merely an industrial site but a modern and forward-looking township. The 2,000 acres of mangroves placed in a philanthropic foundation continue to serve as the lungs of Mumbai.
  • 1951: Godrej manufactured 1.7 million ballot boxes for India’s first general election. For a Group born from the spirit of swaraj, it was a proud moment to support a young democracy as it crafted its tomorrow.
  • 1963: Founded in 1963, Godrej Chemicals is currently one of India’s leading manufacturers of oleochemicals, surfactants, specialty chemicals, and biotech products.
  • 1988: Total Quality Management was formally introduced at Godrej. Quality moved from intent to institution.
  • 1990: Godrej Propertjes was established, bringing the Group's philosophy of innovation and excellence to the real estate industry.
  • 1991: Godrej Agrovet was incorporated with the purpose of crafting abundance through innovation that empowers farmers and nourishes the nation.
  • 1994: Acquired Translektra, bringing the Goodknight and HIT brands into the Group. Over time, this has become one of the Group’s most significant value creation journeys.
  • 1997: Celebrated its 100th birthday and remind itself that it is only as good as what it do next.
  • 2001: The erstwhile Godrej Soaps was demerged into two businesses: Godrej Consumer Products and Godrej Industries, marking the Group’s first public listings.
  • 2008: Godrej Consumer Products made the Group’s first African acquisitions, entering the fascinating world of hair extensions and hair care for women of African origin.
  • 2010: Godrej Consumer Products broadened its international footprint and entered the Indonesian market by acquiring PT Megasari Makmur, a leading home and personal care player. 
  • 2011: The Godrej India Culture Lab ran as a successful 10-year experiment that created a new exploratory cultural space located within the Godrej headquarters in Vikhroli. It subsequently evolved into the Godrej Diversity, Equity and Inclusion Lab.
  • 2012: Passionate people make for passionate Godrejites. Godrej LOUD (Live Out Ur Dream), our distinctive take on recruitment, launches in India, kickstarting the search for young people with powerful personal dreams. This was subsequently hosted in Indonesia and Africa.
  • 2013: Godrej Industries to merge Swadeshi Detergents with itself.
  • 2013: Godrej Industries acquires 10 lakh shares of GCPL for Rs 87 crore.
  • 2014: The Honorable High Court of Judicature at Bombay on September 05, 2014 sanctioned the Scheme of Amalgamation of Wadala Commodities with Godrej Industries and their respective shareholders.
  • 2015: Godrej Properties and Pelli Clarke Pelli Architects create Godrej One, its new global headquarters at Vikhroli in Mumbai.
  • 2016: Godrej Fund Management, now known as Godrej Ventures, was set up as the real estate private equity arm of the Group, specialising in managing institutional capital to develop residential and commercial properties across India.
  • 2017: The Godrej Foundation is an independent philanthropic trust with around 15 percent shareholding in the Godrej Industries Group, dedicated to strengthening the foundations of a prosperous India. It was formed in 2017 as a part of restructuring from a previous trust.
  • 2017: The Office of the United Nations High Commissioner for Human Rights and Godrej Industries launched an unprecedented set of global corporate standards to support the business community in tackling discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people, at the Godrej headquarters in Vikhroli, Mumbai.
  • 2018: At the Black Box, its physical digital command centre, it monitors live digital activity across its brands, evaluate brand conversations, respond to issues, and gather consumer insights for new product development.
  • 2019: The Light Box, an in-house photographic, audio and film production studio, is set up to create quick, high quality content for digital use.
  • 2020: Godrej Capital, the financial services arm of the Group was established, with the purpose of crafting prosperity through fair, fast and flexible financing. 
  • 2020: In FY19-20, Godrej Properties Limited has achieved the highest ever sales in its history, making the Company India’s largest publicly listed developer by value of real estate sales.
  • 2022: Godrej Living was founded as a specialised facilities management firm that provides sustainable, technology-driven residential community services in India.
  • 2023: Godrej Consumer Products entered into an agreement to acquire the FMCG business of Raymond Consumer Care Limited, a leading player in the deodorants and sexual wellness categories in India, with the brands Park Avenue and Kamasutra. The acquisition complements its existing categories and has the potential to deliver double-digit, multi-decade growth.
  • 2024: The Godrej Group announced an ownership realignment of the Godrej family shareholdings to maximise strategic direction, focus, agility, and create long-term value for stakeholders. The Group is owned, operated, and managed as two distinct business groups: the Godrej Industries Group and the Godrej Enterprises Group.
  • 2025: The company was honoured to contribute to the historic moment when the Government of India announced the return of the relics of Gautam Buddha to India.
  • 2026: As the Group enters a new phase of growth, it reaffirms its belief that business is a force for good.

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