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Godrej Industries Limited
(GODREJIND)
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Rating:46Neutral
Price Target:
₹1,017.00
▼(-23.73% Downside)
Action:Reiterated
Date:07/11/26
The score is primarily held back by financial performance risks—persistent negative operating/free cash flow and sharply higher leverage—despite strong multi-year revenue growth. Technicals are supportive due to a strong uptrend above all major moving averages, but overbought readings raise near-term downside risk. Valuation is a further headwind given the elevated P/E and lack of dividend yield data.
Positive Factors
Multi-year revenue expansion
Revenue has more than doubled across the reported period, demonstrating meaningful scale expansion and sustained demand for the company’s businesses. This broader revenue base can support operating leverage, deepen customer reach, and provide a platform for continued growth over the coming quarters.
Negative Factors
Sharp increase in leverage
Debt has increased far faster than equity, producing a substantially heavier capital structure and reducing balance-sheet flexibility. Elevated leverage can constrain investment choices, increase sensitivity to earnings volatility, and leave less capacity to absorb operating or cash-flow shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Revenue has more than doubled across the reported period, demonstrating meaningful scale expansion and sustained demand for the company’s businesses. This broader revenue base can support operating leverage, deepen customer reach, and provide a platform for continued growth over the coming quarters.
Read all positive factors
Godrej Industries Limited (GODREJIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹355.18B
Dividend Yield0.26%
Average Volume (3M)8.52K
Price to Earnings (P/E)29.8
Beta (1Y)1.07
Revenue Growth16.89%
EPS Growth16.60%
CountryIN
Employees1,328
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)34.90
Shares Outstanding336,851,040
10 Day Avg. Volume6,805
30 Day Avg. Volume8,523
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)2.26
Price to Sales (P/S)1.13
P/FCF Ratio-1.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Godrej Industries Limited Business Overview & Revenue Model
Company Description
Godrej Industries Limited, a diversified Indian conglomerate founded in Mumbai in 1897, conducts extensive operations both domestically and internationally through its numerous subsidiaries. The company maintains a significant footprint across var...
How the Company Makes Money
Godrej Industries Limited makes money primarily through (1) operating revenue from its chemicals business and (2) income and value from its investments in other Godrej Group companies.
1) Chemicals operating revenue (core standalone business):
- ...
Godrej Industries Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 232.25B | 222.37B | 209.83B | 175.89B | 176.81B | 150.00B |
| Gross Profit | 73.54B | 58.30B | 81.65B | 60.90B | 54.79B | 42.97B |
| EBITDA | 51.91B | 63.65B | 33.71B | 21.79B | 24.13B | 18.90B |
| Net Income | 11.76B | 12.41B | 9.81B | 599.70M | 9.75B | 6.54B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.26T | 879.44B | 615.48B | 439.75B | 340.41B |
| Cash, Cash Equivalents and Short-Term Investments | 112.28B | 114.14B | 117.24B | 61.55B | 45.74B | 59.36B |
| Total Debt | 0.00 | 515.64B | 380.88B | 289.96B | 196.42B | 145.06B |
| Total Liabilities | -231.84B | 1.03T | 665.96B | 464.29B | 296.74B | 209.60B |
| Stockholders Equity | 231.84B | 111.76B | 101.52B | 80.01B | 79.84B | 71.27B |
Cash Flow | ||||||
| Free Cash Flow | -45.38B | -128.55B | -59.32B | -54.82B | -52.37B | -22.80B |
| Operating Cash Flow | -40.72B | -118.27B | -51.51B | -42.84B | -44.09B | -17.56B |
| Investing Cash Flow | -25.92B | -9.85B | -45.97B | -27.52B | 17.75B | 427.60M |
| Financing Cash Flow | 57.39B | 122.15B | 106.89B | 72.19B | 35.35B | 19.16B |
Godrej Industries Limited Technical Analysis
Negative
1333.50
Price Trends
1200.34
Negative
1179.83
Negative
1072.44
Negative
Market Momentum
-35.25
Positive
26.73
Positive
5.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GODREJIND, the sentiment is Negative. The current price of 1333.5 is above the 20-day moving average (MA) of 1114.64, above the 50-day MA of 1200.34, and above the 200-day MA of 1072.44, indicating a bearish trend. The MACD of -35.25 indicates Positive momentum. The RSI at 26.73 is Positive, neither overbought nor oversold. The STOCH value of 5.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GODREJIND.
Godrej Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹27.63B | 9.87 | ― | 5.27% | 8.87% | 2.96% | |
65 Neutral | ₹141.60B | 9.97 | ― | 1.22% | 11.05% | 133.05% | |
60 Neutral | ₹228.68B | 114.07 | ― | 0.32% | 10.14% | -13.46% | |
59 Neutral | ₹359.16B | 62.71 | ― | 0.50% | 15.71% | 16.33% | |
58 Neutral | ₹468.47B | 75.76 | ― | 0.15% | 17.62% | -6.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹355.18B | 29.78 | ― | 0.26% | 16.89% | 16.60% |
* General Sector Average
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Godrej Industries Limited Corporate Events
Godrej Industries Group to Invest ₹20,000 Crore in Haryana, Targeting 40,000 Jobs
Aug 24, 2026
Godrej Industries Group has deepened its presence in Haryana, where it has already invested about ₹12,000 crore and employs around 9,000 people through its real estate and financial services businesses. Godrej Properties currently runs 18 pr...
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.