Godavari Biorefineries Limited (GODAVARIB) AI Stock Analysis

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Godavari Biorefineries Limited

(NSE:GODAVARIB)

Select Model

Rating:59Neutral

Price Target:INR 238.00▲(5.61% Upside)

Action:reiterated

Date:10/24/26

Score driven mainly by solid financial recovery via revenue surge and profit turnaround, offset by weak technical momentum and extreme overvaluation on P/E.

Positive Factors

Integrated biorefinery modelThe integrated biorefinery model creates multiple revenue streams from renewable sugarcane feedstocks, including higher-value chemicals, ethanol and co-products. This diversification can improve feedstock utilization, support customer reach across several end markets, and provide a durable platform for shifting toward specialty products.

Negative Factors

Persistent negative free cash flowFree cash flow has remained negative for two consecutive years despite improved operating cash flow, showing that investment requirements continue to exceed internally generated cash. Persistent cash consumption can constrain expansion, increase funding dependence, and reduce flexibility if operating conditions or profitability weaken.

Godavari Biorefineries Limited (GODAVARIB) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 11.78B
Dividend Yield: ―
Average Volume (3M): 23.35K
Price to Earnings (P/E): 43.7
Beta (1Y): 1.10
Revenue Growth: 7.05%
EPS Growth: 26.42%
Country: India
Employees: 1,729
Sector: General
Sector Strength: 55
Industry: Chemicals

Godavari Biorefineries Limited Business Overview & Revenue Model

Company Description

Godavari Biorefineries Limited, an Indian company established in Mumbai in 1939, specializes in the production and sale of sugar and a wide array of bio-based products. Its sugar offerings encompass classic, brown, plantation white, and refined varie...

How the Company Makes Money

Godavari Biorefineries makes money by converting sugarcane-based feedstocks into a portfolio of saleable products and selling them to industrial and consumer-ingredient customers. Key revenue streams include: (1) Bio-based specialty chemicals/ingredi...

Godavari Biorefineries Limited Financial Statement Overview

Summary

Strong revenue growth nearly 97% and turnaround to profit in income statement, stable balance sheet with manageable debt, offset by negative free cash flow from high capex.

Income Statement

85Very Positive

Balance Sheet

70Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	20.13B	18.70B	19.88B	16.87B	20.15B	17.02B
Gross Profit	4.12B	3.14B	3.72B	3.31B	3.79B	3.23B
EBITDA	1.02B	1.12B	1.08B	1.43B	1.48B	1.34B
Net Income	2.25M	-234.15M	35.28M	122.98M	196.37M	190.97M
Balance Sheet
Total Assets	0	19.55B	20.52B	19.92B	17.44B	17.34B
Cash, Cash Equivalents and Short-Term Investments	321.53M	122.51M	321.53M	111.12M	212.73M	100.25M
Total Debt	0	4.90B	5.31B	6.55B	7.36B	6.36B
Total Liabilities	-7.88B	11.73B	12.64B	14.91B	12.54B	12.61B
Stockholders Equity	7.88B	7.82B	7.88B	5.01B	4.89B	4.73B
Cash Flow
Free Cash Flow	238.17M	-654.94M	-446.91M	1.30B	-203.70M	-55.30M
Operating Cash Flow	936.34M	61.52M	1.24B	1.85B	1.97B	448.60M
Investing Cash Flow	-663.53M	-687.56M	-1.66B	-439.93M	-2.14B	-476.72M
Financing Cash Flow	-257.29M	637.43M	444.35M	-1.51B	284.26M	59.50M

Godavari Biorefineries Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price225.35

Price Trends

50DMA228.82Negative

100DMA247.04Negative

200DMA269.95Negative

Market Momentum

MACD-1.67Negative

RSI53.85Neutral

STOCH63.75Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GODAVARIB, the sentiment is Positive. The current price of 225.35 is above the 20-day moving average (MA) of 219.21, below the 50-day MA of 228.82, and below the 200-day MA of 269.95, indicating a neutral trend. The MACD of -1.67 indicates Negative momentum. The RSI at 53.85 is Neutral, neither overbought nor oversold. The STOCH value of 63.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GODAVARIB.

Godavari Biorefineries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GODAVARIB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GULPOLY	74Outperform	INR 10.27B	7.16	―	0.88%	9.30%	425.35%
IN:ANDHRSUGAR	66Neutral	INR 11.09B	10.55	―	1.22%	16.54%	204.63%
IN:GODAVARIB	59Neutral	INR 11.52B	43.72	―	―	7.05%	26.42%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GEMAROMA	55Neutral	INR 7.40B	-39.39	―	―	-17.65%	-147.22%
IN:SANSTAR	55Neutral	INR 18.65B	34.81	―	―	4.81%	142.11%
IN:DEEPAKNTR	54Neutral	INR 210.17B	20.40	―	0.47%	25.13%	99.89%

* General Sector Average

Performance Comparison

IN:GODAVARIB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GODAVARIB	Godavari Biorefineries Limited	225.35	-35.75	-13.69%
IN:ANDHRSUGAR	Andhra Sugars Limited	80.42	0.50	0.62%
IN:DEEPAKNTR	Deepak Nitrite Limited	1625.35	-107.24	-6.19%
IN:GULPOLY	Gulshan Polyols Limited	173.35	25.16	16.98%
IN:SANSTAR	Sanstar Limited	98.95	6.98	7.59%
IN:GEMAROMA	Gem Aromatics Limited	147.75	-39.80	-21.22%

Godavari Biorefineries Limited Corporate Events

Godavari Biorefineries Wins Mexican Patent for Antiviral Treatment Compounds

Oct 2, 2026

Godavari Biorefineries Limited has secured a patent from the Mexican Patent Office for its invention titled “USE OF COMPOUNDS FOR TREATING VIRAL INFECTIONS.” The patent covers compounds that inhibit V-ATPase activity in cells and their application in...

Godavari Biorefineries faces Rs. 18 crore GST demand after Karnataka tax show cause notice

Aug 29, 2026

Godavari Biorefineries Limited has disclosed that it received a show cause notice from the Office of the Commercial Tax Officer (Enforcement), DGSTO, Jamkhandi, Karnataka, concerning alleged short payment, non-payment and ineligible input tax credit...

Godavari Biorefineries Faces ₹17 Crore GST Demand Over ENA Supplies

Aug 21, 2026

Godavari Biorefineries Limited has disclosed that it received a show cause notice from the Assistant Commissioner of Central GST, Audit, Belagavi, Karnataka, alleging non-payment of GST on the supply of extra neutral alcohol (ENA) for the period from...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026

Godavari Biorefineries Limited AI Stock Analysis