GODREJIND

Godrej Industries Limited

The Godrej group's holding and operating company, with its own chemicals business

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godrejindustries.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹1020.00
Market cap
34,366 Cr
Stock P/E
29.2
P/B
3.07
Dividend yield
0.2%
ROE (FY26)
5.4%
ROCE (FY26)
7.9%
Operating margin (FY26)
7.8%
Debt / equity (FY26)
4.57
OCF / EBITDA (FY26)
-395.0%
OCF / EBITDA (3Y)
-327.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Godrej Industries is the Godrej Group's holding and operating company, making chemicals such as fatty alcohols, surfactants and glycerine itself and owning the group's real estate, animal feed, palm oil, dairy, crop protection and lending businesses, so its consolidated results are a mix of homes, farm inputs and chemicals.

Company snapshot

1stBy market cap

Ranked among 6 companies in Diversified.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 30.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Animal Feeds
26.2%
3,635 Cr230 Cr—
Chemicals
17.6%
2,442 Cr286 Cr—
Crop Protection
6.2%
855 Cr154 Cr—
Dairy
8.7%
1,201 Cr36 Cr—
Estate and Property Development
30.9%
4,282 Cr1,351 Cr—
Finance and Investments
13.0%
1,805 Cr160 Cr—
Hospitality
0.5%
75 Cr9 Cr—
Others
5.5%
757 Cr22 Cr—
Veg Oils
10.8%
1,493 Cr205 Cr—

Shares add up to 119% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,938 Cr3,590 Cr4,567 Cr4,248 Cr4,805 Cr4,825 Cr5,780 Cr4,460 Cr5,032 Cr5,051 Cr7,694 Cr5,448 Cr
Operating expenses (approx.)3,672 Cr3,311 Cr4,109 Cr3,914 Cr4,230 Cr4,228 Cr5,186 Cr4,063 Cr4,898 Cr4,507 Cr6,527 Cr4,873 Cr
EBITDA266 Cr279 Cr458 Cr334 Cr575 Cr597 Cr593 Cr397 Cr134 Cr544 Cr1,167 Cr575 Cr
OPM %6.7%7.8%10.0%7.9%12.0%12.4%10.3%8.9%2.7%10.8%15.2%10.5%
Other income319 Cr254 Cr536 Cr1,011 Cr313 Cr322 Cr620 Cr1,259 Cr1,258 Cr646 Cr581 Cr912 Cr
Interest333 Cr348 Cr369 Cr433 Cr477 Cr505 Cr542 Cr576 Cr584 Cr626 Cr684 Cr745 Cr
Depreciation89 Cr96 Cr100 Cr101 Cr108 Cr111 Cr110 Cr114 Cr121 Cr126 Cr141 Cr133 Cr
Profit before tax240 Cr216 Cr122 Cr873 Cr429 Cr417 Cr635 Cr1,059 Cr723 Cr486 Cr1,126 Cr732 Cr
Tax %31.6%23.7%120.7%26.6%-14.0%25.0%34.5%31.5%31.8%27.4%25.3%28.5%
Net profit164 Cr165 Cr-25 Cr641 Cr489 Cr312 Cr416 Cr725 Cr493 Cr353 Cr841 Cr523 Cr
EPS (₹)₹2.59₹3.16₹-9.26₹9.58₹8.54₹5.59₹5.44₹10.37₹7.20₹6.07₹13.19₹8.44

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,483 Cr9,405 Cr11,140 Cr11,291 Cr9,334 Cr14,130 Cr16,740 Cr16,601 Cr19,657 Cr22,237 CrSign in free for the trailing twelve months
Operating expenses (approx.)7,842 Cr8,963 Cr10,509 Cr10,480 Cr9,020 Cr13,087 Cr15,230 Cr15,356 Cr17,558 Cr19,995 CrSign in free for the trailing twelve months
EBITDA641 Cr442 Cr631 Cr811 Cr313 Cr1,043 Cr1,510 Cr1,245 Cr2,099 Cr2,242 CrSign in free for the trailing twelve months
OPM %7.6%4.7%5.7%7.2%3.4%7.4%9.0%7.5%10.7%10.1%Sign in free for the trailing twelve months
Other income169 Cr564 Cr483 Cr572 Cr661 Cr935 Cr1,022 Cr1,496 Cr2,267 Cr3,744 CrSign in free for the trailing twelve months
Interest402 Cr413 Cr516 Cr493 Cr469 Cr623 Cr943 Cr1,352 Cr1,957 Cr2,470 CrSign in free for the trailing twelve months
Depreciation148 Cr175 Cr173 Cr234 Cr242 Cr274 Cr305 Cr371 Cr430 Cr501 CrSign in free for the trailing twelve months
Profit before tax626 Cr815 Cr1,086 Cr1,081 Cr617 Cr1,282 Cr1,681 Cr964 Cr2,353 Cr3,393 CrSign in free for the trailing twelve months
Tax %26.7%22.5%20.5%25.2%36.7%22.6%15.5%38.3%21.0%28.9%Sign in free for the trailing twelve months
Net profit459 Cr631 Cr864 Cr808 Cr391 Cr992 Cr1,421 Cr595 Cr1,858 Cr2,412 CrSign in free for the trailing twelve months
EPS (₹)₹7.13₹12.48₹17.48₹16.41₹9.94₹19.42₹28.96₹1.78₹29.14₹36.83Sign in free for the trailing twelve months
Dividend payout %————12.7%6.4%4.6%10.9%3.6%3.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital34 Cr34 Cr34 Cr34 Cr34 Cr34 Cr34 Cr34 Cr34 Cr34 Cr
Reserves3,162 Cr3,875 Cr4,313 Cr5,753 Cr7,520 Cr7,093 Cr7,951 Cr7,968 Cr10,118 Cr11,143 Cr
Borrowings7,101 Cr6,264 Cr6,903 Cr6,650 Cr9,758 Cr14,449 Cr19,449 Cr28,807 Cr37,851 Cr51,038 Cr
Other liabilities3,450 Cr3,876 Cr4,879 Cr4,468 Cr5,877 Cr6,518 Cr10,226 Cr17,622 Cr28,745 Cr52,082 Cr
Total liabilities15,220 Cr15,846 Cr18,341 Cr20,465 Cr29,005 Cr34,047 Cr43,975 Cr61,548 Cr87,944 Cr1,26,305 Cr
Fixed assets (net)2,592 Cr2,605 Cr3,046 Cr2,987 Cr3,059 Cr3,350 Cr3,475 Cr4,539 Cr4,775 Cr4,966 Cr
CWIP54 Cr270 Cr201 Cr329 Cr439 Cr459 Cr926 Cr442 Cr231 Cr406 Cr
Investments723 Cr1,304 Cr5,635 Cr6,787 Cr10,465 Cr9,934 Cr8,328 Cr8,984 Cr11,745 Cr11,680 Cr
Loans & advances——1,052 Cr1,635 Cr2,499 Cr2,675 Cr2,850 Cr3,514 Cr4,594 Cr7,098 Cr
Inventories5,020 Cr3,429 Cr3,444 Cr3,245 Cr6,187 Cr7,797 Cr13,977 Cr24,443 Cr34,723 Cr59,872 Cr
Trade receivables906 Cr1,044 Cr1,228 Cr1,552 Cr1,511 Cr1,676 Cr1,500 Cr1,275 Cr1,636 Cr2,010 Cr
Cash & bank179 Cr281 Cr756 Cr590 Cr394 Cr600 Cr1,577 Cr1,879 Cr2,843 Cr3,049 Cr
Other assets5,746 Cr6,913 Cr2,978 Cr3,340 Cr4,451 Cr7,557 Cr11,342 Cr16,473 Cr27,397 Cr37,224 Cr
Total assets15,220 Cr15,846 Cr18,341 Cr20,465 Cr29,005 Cr34,047 Cr43,975 Cr61,548 Cr87,944 Cr1,26,305 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity569 Cr1,690 Cr1,240 Cr394 Cr-664 Cr-1,756 Cr-4,409 Cr-4,284 Cr-5,151 Cr-8,855 Cr
Cash from investing-234 Cr-1,018 Cr-1,373 Cr-1,874 Cr-5,161 Cr43 Cr1,775 Cr-2,752 Cr-4,597 Cr202 Cr
Cash from financing-528 Cr-959 Cr1,056 Cr1,347 Cr5,772 Cr1,916 Cr3,535 Cr7,219 Cr10,689 Cr8,056 Cr
Net cash flow-193 Cr-287 Cr923 Cr-133 Cr-52 Cr203 Cr901 Cr183 Cr941 Cr-597 Cr
Free cash flow (OCF − Capex)287 Cr1,206 Cr799 Cr6 Cr-1,409 Cr-2,280 Cr-5,237 Cr-5,482 Cr-5,932 Cr-9,883 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.7%10.3%11.9%9.8%4.7%6.9%7.8%5.3%7.3%7.9%
ROE %5.5%11.1%13.2%5.9%2.5%5.0%6.8%0.4%4.6%5.4%
Debtor days39404050594333283033
Inventory days386191201152258267306565612726
Days payable1309411410213812810711592105
Cash conversion cycle295138127100178182232478550654
OCF / EBITDA %88.8%382.6%196.4%48.6%-211.7%-168.3%-292.0%-344.2%-245.4%-395.0%
OCF / EBITDA % (3 years)——204.2%176.4%55.3%-93.4%-238.2%-275.1%-285.2%-327.5%
Debt / equity2.221.601.591.151.292.032.443.603.734.57
Current ratio——0.861.041.461.361.181.151.271.09
Net debt / EBITDA10.80—9.747.4729.8713.2711.8321.6416.6821.41