Godrej Industries

₹824 -15.1 | 1.8%

WEBSITE BSE:500164 NSE : GODREJ IND 10 May, 16:01

Market Cap ₹27743 Cr.

Stock P/E 41.3

P/B 3.4

Current Price ₹824

Book Value ₹ 245.4

Face Value 1

52W High ₹989.9

Dividend Yield 0%

52W Low ₹ 457.5

Edit Ratio

Godrej Industries Research see more...

Overview Inc. Year: 1988Industry: Chemicals

Godrej Industries Ltd is in production and advertising of oleochemicals, their precursors and derivatives, bulk safe to eat oils, property control and investment activities. Its segments consists of Chemicals, Animal Feeds, Veg Oils, Estate and Property Development, Finance and Investments, Dairy, Crop Protection and Others. Its Chemicals segment includes production and sale of oleochemicals and surfactants which include fatty acids, fatty alcohols, esters, and waxes, refined glycerin, alpha olefin sulphonates, sodium lauryl sulphate and sodium lauryl ether sulphate. Animal Feed phase includes production and sale of compound feeds for livestock, poultry, shrimp, and fish. Veg Oils segment includes processing and bulk buying and selling of subtle vegetable oils and vanaspati, international vegetable oil buying and selling and Oil Palm Plantation. Estate and belongings improvement phase consists of improvement and sale of actual property and leasing and depart and licensing of houses.

Godrej Industries Share Price

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Peer Comparison

Godrej Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	3280	3515	4445	4025	4021	3843	4852	4506	3938	3590
Other Income	222	220	283	218	255	316	233	388	319	254
Total Income	3502	3735	4727	4242	4276	4159	5085	4893	4257	3844
Total Expenditure	3112	3272	3955	3708	3801	3469	4252	4264	3672	3311
Operating Profit	390	462	773	535	475	689	833	629	585	533
Interest	147	167	175	188	223	248	284	303	333	348
Depreciation	67	71	72	72	76	78	79	86	89	96
Exceptional Income / Expenses	0	-66	-18	0	0	0	0	0	0	0
Profit Before Tax	176	158	508	275	176	364	470	241	162	90
Provision for Tax	60	47	132	60	4	79	117	94	76	51
Profit After Tax	116	111	376	215	172	285	354	147	86	39
Adjustments	28	33	-149	-11	-16	30	-53	31	1	68
Profit After Adjustments	144	144	227	204	156	315	300	178	87	106
Adjusted Earnings Per Share	4.3	4.3	6.8	6.1	4.6	9.3	8.9	5.3	2.6	3.2

Godrej Industries Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	6964	7918	9230	7454	8365	9076	10848	11291	9334	14130	16740	16886
Other Income	57	142	126	208	169	1178	482	572	661	935	1022	1194
Total Income	7021	8060	9356	7661	8534	10254	11330	11862	9995	15065	17762	18079
Total Expenditure	6591	7474	8744	7063	7724	9424	10159	10480	9020	13087	15230	15499
Operating Profit	430	587	611	598	810	830	1171	1383	975	1978	2532	2580
Interest	110	119	192	343	402	413	508	491	469	623	943	1268
Depreciation	59	70	93	117	148	175	163	234	242	274	305	350
Exceptional Income / Expenses	165	69	192	49	23	12	88	-10	0	-84	0	0
Profit Before Tax	426	467	519	187	626	597	1161	909	616	1282	1681	963
Provision for Tax	134	171	137	109	167	113	222	271	226	290	260	338
Profit After Tax	292	296	382	78	459	484	939	638	390	992	1421	626
Adjustments	100	31	20	83	-202	-147	-349	-84	-55	-339	-446	47
Profit After Adjustments	391	326	402	161	256	338	590	554	335	654	975	671
Adjusted Earnings Per Share	11.7	9.8	12	4.8	7.6	10	17.5	16.5	9.9	19.4	29	20

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	18%	14%	13%	9%
Operating Profit CAGR	28%	22%	25%	19%
PAT CAGR	43%	31%	24%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	77%	17%	12%	11%
ROE Average	19%	13%	15%	13%
ROCE Average	11%	9%	11%	10%

Godrej Industries Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3105	2734	3227	3002	3196	3334	4346	5788	7553	7127	7984
Minority's Interest	757	1052	1149	1281	1475	1357	2212	3562	5817	5954	6317
Borrowings	939	1160	1728	1574	1508	952	1196	613	3111	5453	7084
Other Non-Current Liabilities	81	99	584	70	8	-490	-322	-171	80	12	-14
Total Current Liabilities	4541	6163	7316	8206	8745	11068	10037	10157	12043	15070	22135
Total Liabilities	9424	11208	14003	14133	14931	16222	17622	19950	28604	33616	43506
Fixed Assets	1170	1650	1837	2837	3160	3166	3682	3879	4025	4646	4950
Other Non-Current Assets	2149	2270	3595	3226	3386	4337	5210	5498	6962	8504	12456
Total Current Assets	6105	7289	8571	8070	8386	8719	8573	10573	17617	20466	26100
Total Assets	9424	11208	14003	14133	14931	16222	17622	19950	28604	33616	43506

Godrej Industries Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	180	161	287	57	118	-75	-361	574	442	394	600
Cash Flow from Operating Activities	345	-394	-1050	199	569	1689	1240	392	-672	-1756	-4409
Cash Flow from Investing Activities	-774	-902	-458	-188	-234	-1016	-1373	-1874	-5152	43	1775
Cash Flow from Financing Activities	403	1420	1409	2	-528	-959	1056	1349	5772	1916	3535
Net Cash Inflow / Outflow	-26	125	-98	13	-193	-286	923	-133	-52	203	901
Closing Cash & Cash Equivalent	161	287	188	74	-76	-361	574	442	394	600	1577

Godrej Industries Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	11.66	9.85	11.98	4.78	7.63	10.05	17.52	16.46	9.94	19.42	28.96
CEPS(Rs)	10.47	11.05	14.16	5.81	18.06	19.61	32.75	25.9	18.78	37.61	51.25
DPS(Rs)	1.75	1.75	1.75	1.75	1.75	1.75	1.15	0	0	0	0
Book NAV/Share(Rs)	89.99	84.02	93.41	87.02	94.87	98.92	128.9	171.73	224.16	211.47	236.9
Core EBITDA Margin(%)	5.29	5.55	5.21	5.17	7.56	-3.81	6.2	7.04	3.29	7.25	8.85
EBIT Margin(%)	7.59	7.31	7.62	7.02	12.12	11.07	15	12.15	11.38	13.23	15.38
Pre Tax Margin(%)	6.03	5.83	5.56	2.47	7.38	6.54	10.44	7.89	6.46	8.91	9.85
PAT Margin (%)	4.13	3.69	4.1	1.03	5.41	5.31	8.44	5.54	4.09	6.89	8.33
Cash Profit Margin (%)	4.97	4.57	5.1	2.58	7.16	7.23	9.91	7.57	6.63	8.79	10.11
ROA(%)	3.28	2.86	3.03	0.55	3.16	3.11	5.55	3.4	1.61	3.19	3.68
ROE(%)	10.86	10.18	12.91	2.57	15.01	14.87	24.5	12.61	5.85	13.54	18.83
ROCE(%)	9.62	9.13	8.87	5.51	9.85	9.62	15.37	11.44	7.11	9.77	10.72
Receivable days	23.49	23.22	23.04	36.01	37.9	38.15	35.47	42.96	58.88	40.55	33.98
Inventory Days	178.49	183.94	190.06	247.41	212.99	196.8	135.03	104.5	179.53	176.27	232.11
Payable days	93.07	70.67	58.15	104.93	81.61	57.12	46.86	55.23	198.19	127.52	307.91
PER(x)	25.28	31.98	28.83	74.08	66.12	54.54	30.59	17.23	54.57	23.84	13.95
Price/Book(x)	3.27	3.74	3.7	4.07	5.32	5.54	4.16	1.65	2.42	2.19	1.71
Dividend Yield(%)	0.59	0.56	0.51	0.49	0.35	0.32	0.21	0	0	0	0
EV/Net Sales(x)	1.74	1.81	1.87	2.53	2.9	2.74	2.23	1.4	2.93	1.99	1.8
EV/Core EBITDA(x)	28.22	24.37	28.21	31.49	29.98	29.92	20.67	11.42	28.07	14.23	11.88
Net Sales Growth(%)	24.09	13.69	16.57	-19.25	12.23	8.49	19.53	4.08	-17.97	51.39	18.47
EBIT Growth(%)	33.71	9.22	21.33	-25.46	32.7	-1.75	65.21	-16.09	-31.18	75.64	37.67
PAT Growth(%)	49.34	1.34	29.34	-79.62	42.05	5.57	93.81	-32.05	-51.97	154.61	43.15
EPS Growth(%)	27.1	-15.56	21.69	-60.07	59.47	31.65	74.45	-6.09	-39.59	95.36	49.11
Debt/Equity(x)	0.94	1.5	1.88	2.44	2.37	2.08	1.64	1.25	1.32	2.02	2.44
Current Ratio(x)	1.34	1.18	1.17	0.98	0.96	0.79	0.85	1.04	1.46	1.36	1.18
Quick Ratio(x)	0.53	0.48	0.44	0.39	0.38	0.35	0.51	0.73	0.95	0.85	0.55
Interest Cover(x)	4.86	4.93	3.71	1.54	2.56	2.44	3.29	2.85	2.31	3.06	2.78
Total Debt/Mcap(x)	0.29	0.39	0.51	0.6	0.45	0.38	0.39	0.76	0.55	0.92	1.43

Godrej Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.18	67.18	67.18	67.17	67.17	67.17	67.17	67.16	67.16	67.16
FII	8.62	9	8.89	0	0	0	0	10.39	10.17	7.93
DII	3.77	3.26	3.19	11.97	12.62	12.54	12.6	2.35	2.91	4.86
Public	20.43	20.55	20.74	20.86	20.21	20.28	20.23	20.1	19.76	20.05
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	22.61	22.61	22.61	22.61	22.61	22.61	22.61	22.61	22.61	22.61
FII	2.9	3.03	2.99	0	0	0	0	3.5	3.43	2.67
DII	1.27	1.1	1.07	4.03	4.25	4.22	4.24	0.79	0.98	1.64
Public	6.88	6.92	6.98	7.02	6.8	6.83	6.81	6.77	6.65	6.75
Others	0	0	0	0	0	0	0	0	0	0
Total	33.66	33.66	33.66	33.66	33.66	33.66	33.66	33.67	33.67	33.67

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years

Cons

Company has a low return on equity of 13% over the last 3 years.
Debtor days have increased from 127.52 to 307.91days.
Stock is trading at 3.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.