Skip to content
Godrej Industries logo

Godrej Industries

GODREJIND NSE
₹978.50 +25.95 (+2.72%)
P/E
28.04
View as Markdown
MCP
Close 4 Nov 2026 ₹978.50 −107.30 −9.88% 1Y
Start ₹1,085.80

Key Fundamentals

SmallcapDiversified

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.17%
Debt to Equity
4.61
EPS (TTM)
₹34.90
Book Value
₹331.79
Market Cap
—
P/E (TTM)
28.04
P/B
2.95
ROE
9.26%
Dividend Yield
0.00%
EBITDA
₹5,985 Cr
52W High
₹1,443.00
52W Low
₹744.20
Day Range
₹955.00 – ₹983.00
Volume
1,80,743

Peer Comparison

Diversified › Diversified Group › Diversified

Godrej Industries peer comparison
3M India
₹28,835.0056.23₹32,776 Cr18.381.75%30.00%50.00%₹5,317 Cr₹577 Cr
Godrej Industries (this company)
₹978.5028.04₹32,717 Cr2.950.00%9.26%8.17%₹23,225 Cr₹2,210 Cr
DCM Shriram
₹903.559.84₹14,020 Cr1.670.45%11.50%11.50%₹13,840 Cr₹1,436 Cr
Balmer Lawrie & Co
₹163.6510.03₹2,778 Cr1.315.20%13.70%14.60%₹2,785 Cr₹274 Cr
TTK Healthcare
₹927.5017.72₹1,297 Cr0.981.09%6.30%8.04%₹888 Cr₹74 Cr
Maheshwari Logistics
₹69.9713.13₹204 Cr0.960.72%7.48%12.00%₹1,091 Cr₹16 Cr
Median 6 companies₹915.5315.43₹8,399 Cr1.490.91%10.38%11.75%₹4,051 Cr₹426 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

33 Poor

Data confidence 100/100

Category scores

Quality
24
Poor
Returns, margins, earnings quality 22% weight
Valuation
14
Poor
Cheap vs sector & own history 24% weight
Growth
98
Strong
Sales & profit trajectory 9% weight
Financial Health
13
Poor
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

5
  • Stock is trading at 2.99 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.70% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3,808 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.25
Neutral
MACD (12,26,9)
−35.96
Bullish
SMA (50)
1,059.71
Bearish
SMA (200)
1,068.89
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.55%
5Y+18.96%
3Y+9.93%
1Y+13.13%
TTM+16.88%

Net profit

Net profit growth by window
10Y+22.27%
5Y+43.89%
3Y+19.29%
1Y+29.82%
TTM+13.80%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹8,183 Cr
3YOutflow widened by ₹4,446 Cr
1YOutflow widened by ₹3,704 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.82 pp
5Y+6.72 pp
3Y+1.06 pp
1Y−0.62 pp
TTM−0.46 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,365 Cr
Mar 2018₹9,076 Cr
Mar 2019₹10,848 Cr
Mar 2020₹11,291 Cr
Mar 2021₹9,334 Cr
Mar 2022₹14,130 Cr
Mar 2023₹16,740 Cr
Mar 2024₹16,601 Cr
Mar 2025₹19,657 Cr
Mar 2026₹22,237 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹459 Cr
Mar 2018₹484 Cr
Mar 2019₹864 Cr
Mar 2020₹812 Cr
Mar 2021₹391 Cr
Mar 2022₹992 Cr
Mar 2023₹1,421 Cr
Mar 2024₹595 Cr
Mar 2025₹1,858 Cr
Mar 2026₹2,412 Cr

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Godrej Industries Ltd trades at ₹952.55 as of 2026-11-03 with a market cap of ₹32,427 Cr, a P/E (TTM) of 27.29x, and a debt-to-equity ratio of 4.61. The company has delivered 10-year compounded profit growth of 21% and sales growth of 12%, but carries high leverage and pays no dividend despite reporting consistent profits.

Bull Case 6
  • Strong long-term profit compounding: 10-year compounded profit growth stands at 21%, indicating sustained earnings expansion over a full business cycle
  • Robust 5-year compounded sales growth of 19% and profit growth of 26%, reflecting accelerating top-line and bottom-line momentum in the medium term
  • TTM sales growth of 17% and profit growth of 19% show that the recent growth trajectory remains healthy
  • ROCE of 12.78% suggests the company is generating reasonable returns on total capital employed despite its diversified structure
  • 10-year compounded sales growth of 12% demonstrates the company's ability to consistently grow revenue across economic cycles
  • 5-year stock price CAGR of 11% and 3-year CAGR of 14% indicate the market has rewarded the company's growth over the medium term
Bear Case 8
  • Debt-to-equity ratio of 4.61 is extremely elevated, indicating heavy reliance on borrowed capital and significant financial risk
  • Zero dividend yield despite reporting repeated profits suggests shareholders are not receiving direct cash returns; the company has not been paying dividends
  • Earnings include other income of ₹3,808 Cr, raising concerns about the quality and sustainability of reported profits since a large portion may not come from core operations
  • 3-year average return on equity of approximately 7% is low, indicating the company is not generating strong returns on shareholders' capital relative to its leverage
  • The company may be capitalizing interest costs, which could understate true operating expenses and inflate reported profitability
  • Stock trading at 2.87x price-to-book (and flagged at approximately 2.99x book value) is a rich valuation for a company with sub-10% ROE in most periods
  • 1-year stock price return of -6% shows the market has de-rated the stock in the near term, underperforming despite positive earnings growth
  • 3-year compounded profit growth of only 5% contrasts sharply with the 10-year figure of 21%, suggesting a notable slowdown in earnings momentum in recent years

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

11d ago

TL;DR: Limited recent news flow for Godrej Industries. The only development is a leadership continuity move with Pirojsha Godrej's re-designation as Executive Chairperson, which signals stability but has no immediate financial impact. No visible headwinds or catalysts from recent coverage. Investors should watch for upcoming quarterly results and updates from key subsidiaries like Godrej Properties and Godrej Consumer Products for directional cues.

Neutral 1
  • Pirojsha Godrej re-designation approved Sep 25

    Shareholders passed a special resolution to re-designate Pirojsha Godrej as Executive Chairperson for a five-year term, effective August 14, 2026.

Quarterly Results

₹ Cr
GODREJIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
Expenses
4,264
3,672
3,311
4,511
3,914
4,230
4,228
5,186
4,063
4,898
4,507
6,527
4,873
Operating Profit
242
266
279
56
334
575
597
593
397
134
544
1,167
575
OPM %
5%
7%
8%
1.2%
8%
12%
12%
10%
9%
2.7%
11%
15%
11%
Other Income
532
397
380
536
1,072
439
436
695
1,352
1,294
694
784
1,036
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
PBT
386
240
216
122
873
429
417
635
1,059
723
486
1,126
732
Tax %
24%
32%
24%
121%
27%
−14%
25%
34%
31%
32%
27%
25%
29%
Net Profit
291
164
165
−25
641
489
312
416
725
493
353
841
523
EPS (₹)
5.29
2.59
3.16
−9.26
9.58
8.54
5.59
5.44
10.37
7.2
6.07
13.19
8.44

Profit & Loss

₹ Cr
GODREJIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9,101
7,454
8,365
9,076
10,848
11,291
9,334
14,130
16,740
16,601
19,657
22,237
23,225
Expenses
8,615
7,061
7,708
8,805
10,233
10,479
9,020
13,083
15,230
15,406
17,553
19,995
20,806
Operating Profit
487
392
657
271
615
812
314
1,047
1,510
1,195
2,104
2,242
2,419
OPM %
5%
5%
8%
3%
6%
7%
3.4%
7%
9%
7%
11%
10%
10%
Other Income
317
255
520
915
1,142
996
1,015
1,132
1,418
1,493
2,636
4,123
3,808
Interest
192
343
402
413
508
491
469
623
943
1,352
1,957
2,470
2,639
Depreciation
93
117
148
175
163
234
242
274
305
371
430
501
521
PBT
519
187
626
597
1,086
1,083
617
1,282
1,681
964
2,353
3,393
3,067
Tax %
26%
58%
27%
19%
20%
25%
37%
23%
15%
38%
21%
29%
—
Net Profit
589
323
459
484
864
812
391
992
1,421
595
1,858
2,412
2,210
EPS (₹)
11.98
4.78
7.63
10.05
17.53
16.46
9.94
19.42
28.96
1.78
29.14
36.83
34.9
Div. Payout %
15%
37%
23%
17%
7%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
GODREJIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
34
34
34
34
34
34
34
34
34
34
34
34
Reserves
3,194
2,968
3,162
3,301
4,313
5,755
7,520
7,093
7,951
7,968
10,118
11,143
Borrowings
5,885
7,200
7,554
6,918
7,116
7,275
10,071
14,506
19,642
28,996
38,088
51,564
Other Liabilities
4,392
3,931
4,241
6,500
6,530
7,143
11,157
12,202
16,117
24,331
39,488
63,160
Total Liabilities
13,504
14,133
14,991
16,753
17,993
20,207
28,781
33,835
43,744
61,329
87,728
1,25,901
Fixed Assets
1,837
2,828
3,281
3,302
3,824
4,049
4,520
4,971
5,269
6,365
6,954
7,333
CWIP
775
274
54
271
202
334
444
483
942
462
258
432
Investments
2,691
3,052
3,203
4,137
5,473
6,594
9,952
9,609
8,009
8,669
11,165
11,247
Other Assets
8,202
7,979
8,452
9,042
8,494
9,229
13,866
18,772
29,525
45,832
69,350
1,06,889
Total Assets
13,504
14,133
14,991
16,753
17,993
20,207
28,781
33,835
43,744
61,329
87,728
1,25,901

Cash Flow

₹ Cr
GODREJIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−1,050
199
569
1,689
1,240
392
−672
−1,756
−4,409
−4,284
−5,151
−8,855
Investing
−459
−185
−234
−1,016
−1,360
−1,874
−5,147
46
1,851
−2,646
−4,562
244
Financing
1,409
2
−528
−959
1,056
1,349
5,772
1,916
3,535
7,219
10,689
8,056
Net Cash Flow
−99
16
−193
−286
936
−133
−47
206
977
288
976
−555
Free Cash Flow
−1,533
−159
300
1,221
836
11
−1,399
−2,256
−5,150
−5,471
−5,912
−9,417
CFO/OP
−179
90
125
683
227
64
−179
−132
−273
−321
−222
−367

Ratios

GODREJIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25
42
40
40
39
50
60
43
33
28
30
33
Inventory Days
325
437
356
299
161
171
594
335
913
1,952
10,759
—
Days Payable
109
103
120
101
88
117
327
162
318
398
1,622
—
Cash Conversion Cycle
241
376
276
238
111
104
327
217
627
1,581
9,168
33
Working Capital Days
13
−37
−42
−137
−116
−85
−12
−15
−24
−36
17
−64
ROCE %
5%
4%
8%
7%
11%
10%
5%
8%
8%
6%
8%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Godrej Industries insights

62 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.63%
  • Others 13.44%
  • FIIs 4.48%
  • Public 3.76%
  • DIIs 3.69%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Concall · May 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

Frequently Asked Questions about Godrej Industries

What does Godrej Industries Ltd do?
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.
Where is Godrej Industries Ltd (GODREJIND) listed?
Godrej Industries Ltd trades as GODREJIND on the NSE and under code 500164 on the BSE.
Which sector does Godrej Industries Ltd belong to?
Godrej Industries Ltd is classified under the Diversified sector, in the Diversified Group industry.
What is the PE ratio of Godrej Industries Ltd?
Godrej Industries Ltd trades at a PE ratio of 28.04 as of 4 Nov 2026, on earnings per share of ₹34.9, against a book value of ₹331.79 per share.
What is the 52-week high and low of Godrej Industries Ltd?
Over the last 52 weeks Godrej Industries Ltd has traded between ₹744.2 and ₹1,443 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Godrej Industries Ltd?
Godrej Industries Ltd reported a return on equity of 9.26%. Its debt-to-equity ratio is 4.61.

Company Information

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.

Website godrejindustries.com
CEO Mr. Nadir Burjorji Godrej B.S., M.S.
Employees 1,148
Listed 25 Feb 2003
Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/GODREJIND.md for Godrej Industries Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Diversified stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month