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← CockpitCompetitor Analysis › GODREJIND.NS Godrej IndustriesOpen in the cockpit ↗

Godrej IndustriesGODREJIND.NSCompetitor analysis, valuation and peers

India · INR·FMCG›Agricultural Commodities/Milling

Godrej Group holding/chemicals company; makes oleochemicals and holds stakes in Godrej Consumer, Properties and Agrovet.

Momentum laggard 10
Mkt cap
$3.41B
US dollars, full cap
Free float
21%
of shares outstanding
$/day
$1.49M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-3.8 pp
WACC 10.0%
Hurdle
n/a
no reverse DCF
Close · INR₹955.85
1D-2.4%
1W+5.6%
1M-7.1%
3M-26.7%
6M-22.1%
YTD-4.6%
1Y-12.8%
ATR %4.0%
Beta1.18
52w lowhigh33.8% off high

What Godrej Industries does

Godrej Group holding/chemicals company; makes oleochemicals and holds stakes in Godrej Consumer, Properties and Agrovet.

Runs an oleochemicals business itself, selling to makers of personal-care products and detergents, and otherwise holds stakes in listed Godrej group companies in consumer goods, property and agri-products. Its value comes mainly from those stakes and their dividends. The Godrej family controls the group.

Products and services

  • Oleochemicals (surfactants, fatty acids)
  • Stake in Godrej Consumer Products
  • Stake in Godrej Properties
  • Stake in Godrej Agrovet
  • Godrej Capital (financial services)

Customers

  • Personal-care/detergent manufacturers (chemicals)
  • Group companies (holding structure)

Where it sits in the supply chain

  • Diversified conglomerate
  • Oleochemicals (surfactants, fatty…
  • Holding stakes in listed Godrej group…

What could go right

  • Value of listed Godrej group stakes
  • Chemicals demand from personal care/detergents

What could go wrong

  • Holding-company discount to underlying stakes
  • Commodity chemical price cyclicality

Moat: narrow (scale, brand). Established chemicals customer base and the Godrej brand halo, but it is largely a holding company valued on its stakes.

Headquarters: Mumbai, India · Founded: 1897 · Employees: 1,328

Named competitors

Godrej Industries at a glance

Size Godrej Industries (GODREJIND.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $3.41B, the 261st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹955.85 on 6 Nov 2026.

Performance Over six months the shares fell 22.1%, against -12.9% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 16.9% over the last twelve months (peer median +7.2%); the operating margin is 8.2% (peer median 5.0%).

Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.0× (6th most expensive of 21).

Capital Return on invested capital runs 3.8 points below its cost of capital (10.0% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 87GODREJIND.NS 78
Six months, rebased to 100: Godrej Industries against the median of its 20 peers (local-currency closes).

Godrej Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹232B₹220B₹195B₹165B₹167B
Revenue growth—+13%+18%-1%—
Gross profit₹61.7B₹76.0B₹58.2B₹26.3B₹24.7B
EBITDA₹24.2B₹49.6B₹38.2B₹12.1B₹14.5B
Net income₹11.8B₹12.4B₹9.81B₹600M₹9.75B
Free cash flown/a-₹129B-₹83.6B-₹72.2B-₹60.9B
Capital expendituren/a₹10.3B₹7.81B₹12.0B₹8.28B
Total debtn/a₹516B₹381B₹290B₹196B

Quarterly statements and history in the cockpit →

Godrej Industries competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%2871SEB002299EB5600598EBROCALM3009726007372002300761002157SCHOE5HLOUP605296CURA0008762607PATANJALIGODREJIND.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Godrej Industries is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%1×2×3×2871SEB002299EB5600598EBROCALM3009726007372002300761002157E5HLOUP605296CURAPATANJALIGODREJIND.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Godrej Industries is the large dot.

Godrej Industries competitors and peer comparison

Head to head with its named competitors (GODREJIND.NS vs GALAXYSURF.NS vs EMAMILTD.NS)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Godrej Industries GODREJIND.NS$3.41B-22%+17%8%1.4×n/a
Galaxy Surfactants GALAXYSURF.NS$819M+13%+30%9%1.2×18.0%
Emami EMAMILTD.NS$1.80B-15%+3%20%4.3×21.7%

How Godrej Industries compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Godrej Industries against its 20 peers (data as of 6 Nov 2026)
MeasureGODREJIND.NSPeer medianRank in peer set
1-month return-7.1%+3.1%6th lowest of 21
6-month return-22.1%-12.9%4th lowest of 21
Distance from 52-week high-33.8%-24.0%6th lowest of 21
Revenue growth (TTM)+16.9%+7.2%4th highest of 21
Operating margin8.2%5.0%4th highest of 21
EV / Sales1.4×1.0×6th most expensive of 21
ROIC minus cost of capital-3.8 pp+1.1 pp6th lowest of 21
EV / EBITDA13.3×7.7×3rd most expensive of 12
Net debt / EBITDA16.6×0.9×most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Godrej Industries GODREJIND.NSIndia$3.41B-22%+17%8%1.4×n/an/a
Nichirei 2871.TJapan$3.42B+13%+10%5%0.8×2.4%+4.6%
Seaboard SEBUnited States$3.38B-22%+7%3%0.4×n/an/a
Fujian Sunner Development 002299.SZChina$3.28B-7%+13%5%1.3×-1.0%+7.9%
First Resources Ltd. (Singapore) EB5.SISingapore$3.27B-26%+51%30%2.1×-7.1%+19.0%
Heilongjiang Agriculture 600598.SSChina$3.66B-18%-12%24%4.6×n/an/a
Ebro Foods EBRO.MCSpain$3.12B+1%-4%10%1.1×-7.7%+4.4%
Cal-Maine Foods CALMUnited States$3.02B-15%-43%1%0.9×n/an/a
Fujian Wanchen Food 300972.SZChina$3.86B-43%+46%7%0.3×-18.7%+157.9%
Cofco Sugar 600737.SSChina$3.94B-18%-29%6%1.4×n/an/a
Nisshin Seifun 2002.TJapan$3.94B+14%+3%5%0.7×-1.1%+4.9%
Jiangsu Lihua Animal Husbandry 300761.SZChina$2.94B+2%+7%3%1.1×4.0%+16.8%
Jiangxi Zhengbang Technology 002157.SZChina$3.97B-17%+15%-10%1.6×n/an/a
Schouw & SCHO.CODenmark$2.90B+30%-1%4%0.7×-3.3%+9.9%
Golden Agri-Resources E5H.SISingapore$2.68B-18%+9%6%0.4×-13.7%+11.6%
Ldc LOUP.PAFrance$4.35B-6%+15%6%0.5×-7.7%+10.5%
Yunnan Shennong Agricultural Industry 605296.SSChina$2.60B+10%+2%-19%3.4×n/an/a
Curaleaf CURA.TOCanada$2.50B-18%+5%1%2.6×n/an/a
New Hope Liuhe 000876.SZChina$4.71B-19%+7%-3%0.9×n/an/a
Fuji Oil 2607.TJapan$2.46B+36%+10%5%0.8×0.9%+16.2%
Patanjali Foods PATANJALI.NSIndia$4.75B-11%+19%4%1.1×n/an/a

Questions

Who are Godrej Industries's main competitors?
Named competitors: Galaxy Surfactants (GALAXYSURF.NS), VVF (India) (private or unlisted), Emami (EMAMILTD.NS). The cockpit's measured peer set (industry) also includes Nichirei (2871.T), Seaboard (SEB), Fujian Sunner Development (002299.SZ), First Resources Ltd. (Singapore) (EB5.SI), Heilongjiang Agriculture (600598.SS), Ebro Foods (EBRO.MC).
Is Godrej Industries expensive compared with its peers?
On ev / sales it trades at 1.4× against a peer median of 1.0×, 6th most expensive of 21 in its peer set.
How has Godrej Industries stock performed?
Over six months to 6 Nov 2026 the shares returned -22.1% against -12.9% for the median peer; over one year -12.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.