Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Aug - Godrej Industries Group signs Haryana MoU for ₹20,000 crore investment, targeting 40,000 jobs by FY28.
Source: Bse
Godrej Industries Limited (GODREJIND)
Large CapDiversified stocks · Large cap · NSE
Godrej Industries Limited is a diversified Indian conglomerate with own businesses in Chemicals, Estate Management, and Finance & Investments. It also holds significant stakes in listed subsidiaries: Godrej Consumer Products (FMCG), Godrej Properties (Real Estate), and Godrej Agrovet (Agri-business).
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result13 Aug, 01:31 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Diversified P/E 16.4 (n=25)
Technical timing lens
Trend score and candlestick chart
36BearishSMA20 -9.0% / mo · MACD +
Stock trend: 36
Sector RS: —
Diversified FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
GODREJINDD candles · FIT view+3.0%Latest close ₹1020.00 on 2026-10-19
Bar
-2.3%
RSI
39
MACD hist
5.02
52W pos
39%
2026-10-19O ₹1044.00H ₹1044.00L ₹1009.70C ₹1020.00Vol 48,562 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GODREJINDNifty 500
- GODREJIND
- -25.3%
- Nifty 500
- -5.6%
- Vs Nifty 500
- -19.7 pp
Chart stats
19 Oct 2026- From 52W high
- -29.3%
- 52W range position
- 39%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.39x
- Avg traded value
- ₹12.6 Cr
- 20D price channel
- ₹974.5 - ₹1,146
₹1,443
₹744.2 - ₹1,443
₹39.1
Latest completed session
20-session average
25.0% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED19
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad15
Revenue +22.1% · PAT -27.9% YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model-18.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 15/100PAT -28% YoY · Rev +22% YoY · margin expansion
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,448 Cr | +22.1% | -29.2% |
| EBITDA | ₹575 Cr | +44.8% | -50.7% |
| Operating margin | 11.0% | +200 bps | -400 bps |
| PAT | ₹523 Cr | -27.9% | -37.8% |
| PAT margin | 9.6% | -666 bps | -133 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 28.20
- P/B
- 3.03
- EV/EBITDA
- 29.07
- Market Cap
- 33897.00Cr
Profitability
- ROE
- 9.26%
- ROCE
- 8.17%
- ROA
- 1.76%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 26.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 4.61
- Interest Coverage
- 0.92×
- Altman Z
- 0.58
- Book Value
- 332.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -8855.00 Cr
- EPS TTM
- 34.90
Shareholding
- Promoter Hold
- 74.64%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 38%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 5,448-29.2% vs prev
Net Profit
₹ CrLatest: 523-37.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 39. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~9.8% over last month) — short-term momentum negative.
- RSI(14) at 39 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 29% off 52W high · 37% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
54
RS percentile
Stage 1 Base / Transition
1M return
-7.9%
3M return
-25.3%
6M return
+8.1%
1Y return
-6.4%
RS 1D
-4
RS 20D
-6
Sector rank
#16
Industry rank
-
Stage evidence
- Price is within 7.4% of the 30-week proxy.
- The 30-week proxy changed +1.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 87.96-1.30%
RS vs Nifty 50088
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth14/25
Quality2/20
Balance Sheet0/15
Cash Flow2/10
Piotroski
4/9 (+1)
Penalties
0
Raw sum
19
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
19/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 14/25 to the score.
- Cash flow contributes 2/10 to the score.
- Quality contributes 2/20 to the score.
Main drags
- Altman Z is 0.6, in distress territory.
- Fair-value margin of safety is negative at -18.8%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
28.2
PB
3.0
EV/EBITDA
29.1
ROE
9.3%
ROCE
8.2%
FCF Yield
—
Debt/Equity
4.6
MoS
-18.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 4.6, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
19
Previous: 19
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-18.8%
Previous: -18.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹510.59
-99.8% MoS
Growth-justified P/E
24.6
Growth-justified Value
₹858.54
-18.8% MoS
PEG
1.60
Comparable companies
Peers
Business-comparable peers in Diversified — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DCMSHRIRAM
Large
DCM Shriram Limited
Diversified
match 128
45
11.5
11.5%
+11%
WATCHLIST
BIRLANU
Small
BirlaNu Limited
Diversified
match 120
23
23.4
0.0%
-11041%
OVERVALUED
DCMSIL
Small
DCM Shriram International Limited
Diversified
match 120
14
278.0
2.8%
-3662%
OVERVALUED
DVL
Small
Dhunseri Ventures Limited
Diversified
match 119
38
5.0
4.9%
-20%
WATCHLIST
GANESHBE
Small
Ganesh Benzoplast Limited
Diversified
match 117
62
13.0
10.7%
+64%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T17:36:38.999Z
Management commentary snapshot
Godrej Industries reported robust Q4 FY26 consolidated performance with Total Income up 29% YoY to ₹8,274 crore and Net Profit surging 143% YoY to ₹444 crore. Full-year FY26 Total Income grew 19% to ₹25,981 crore, with Net Profit up 26% to ₹1,241 crore.
Strong consolidated financial performance in Q4 and FY26, driven by robust growth across key subsidiaries like Godrej Properties and Godrej Consumer Products, and improved profitability in Chemicals and Agrovet. The diversified portfolio appears to be executing well.
Current business mix
Q4 FY26 Revenue by Segment
Latest issuer-disclosed distribution across 5 reported categories.
Godrej Consumer Products (GCPL)48.2%
Godrej Properties (GPL)15.7%
Godrej Agrovet (GAVL)13.6%
Chemicals11.7%
Others10.9%
Growth engines
Real Estate (GPL) Booking Value
Booking value grew 16% YoY and at a 3-year CAGR of 41% to ₹ 34,171 crore in FY26. Q4FY26 booking value was the highest ever quarterly bookings by GPL.
GCPL Home Care & Fabric Care
Home Care grew by 12%. Household Insecticides delivered strong broad-based growth. Fabric Care maintained robust double-digit growth momentum.
GAVL Animal Nutrition Volume
Q4 FY26 saw accelerated, broad-based volume growth of ~15% year-on-year across most categories, with cattle feed volumes rising sharply by 24% year-on-year.
Chemicals Revenue & Volume
Revenue for Q4 FY26 increased by 16%. Sales Volume grew by 9% in FY26.
Capacity and execution
GPL New Project Additions
GPL has added 18 new projects in FY26 with a total estimated saleable area of approximately 33.32 million sq. ft. and total estimated booking value potential of ~ ₹ 42,100 crore.
Chemicals Application Lab
NG Star Application Lab in Ambernath-Maharashtra supports product development, application testing, and technical collaboration.
Tailwinds
GCPL Market Share Gains
Household Insecticides, Fabric Care, Soaps, and Hair Colour continue to gain market share consistently driven by strong in-market execution.
GAVL Operational Efficiencies
Vegetable Oil segment mitigated higher input costs impact through improved oil extraction ratio & other operational efficiencies.
Headwinds
GAVL Vegetable Oil Input Costs
Vegetable Oil segment margin was marginally lower on account of higher input costs.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Q4 YoY comparison is crucial for understanding recent momentum and seasonal impacts, especially for consumer and agri businesses. FY26 YoY provides a full-year perspective on overall growth and profitability trends across the diversified portfolio.
Sector KPIs management disclosed
GCPL Consolidated Sales Growth (Q4 FY26)
Q4 FY 2026 consolidated sales grew by 11% year-on-year on the back of underlying volume growth of 6%
GCPL Home Care Growth (Q4 FY26)
Home Care grew by 12%.
GCPL Personal Care Growth (Q4 FY26)
Personal Care grew by 3%
Chemicals Revenue Growth (Q4 FY26)
Revenue for Q4 FY26 increased by 16%
Management forward view
GPL Project Pipeline
GPL has added 18 new projects in FY26 with a total estimated saleable area of approximately 33.32 million sq. ft. and total estimated booking value potential of ~ ₹ 42,100 crore.
GCPL Premiumization & Market Share Focus
Skin Cleansing continues to upgrade to premium formats. Soaps and Hair Colour continue to win competitively and gain market share.
Chemicals Product Development Support
The NG Star Application Lab supports product development, application testing, and technical collaboration to translate chemistry into real world performance.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| GPL Booking Value | ₹ 34,171 crore in FY26 | Sustained growth in booking value and successful monetization of new project additions. |
| GCPL Volume Growth | Underlying volume growth of 6% in Q4 FY26 | Continued underlying volume growth across key categories, especially Home Care and Personal Care. |
| GAVL Animal Nutrition Volume | Volume growth of ~15% year-on-year in Q4 FY26 | Maintenance of accelerated volume growth in Animal Nutrition, particularly cattle feed. |
| Chemicals PBIT Margin | 3.6% in Q4 FY26 (vs. 7.8% in Q4 FY25 and 7.4% in FY26) | Improvement in Chemicals PBIT margin, which saw a significant sequential decline in Q4 FY26. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
52Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 10th percentile of the scored universe and 17th percentile within Diversified. Main check: balance sheet trust is weak at 8/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
84 docs text-extracted · 10 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Diversified: 17th pctile, median 61 · Large: 5th pctile, median 73
Evidence depth
Financial-only
84 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
8
weak · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
72
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 74.6%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 3.3%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-8855 Cr.
- ▸Debt/equity is 4.61.
- ▸Altman Z is 0.58.
- ▸Interest coverage is 0.9x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Godrej Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Reg. 34 (1) Annual Report. 20 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 6 Jul - Intimation for allotment of Equity Shares of Godrej Industries Limited which is self-explanatory.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 25 Jun - Godrej Industries completed ₹370 crore further investment in wholly owned subsidiary Godrej Investment Limited.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.