Godrej Industries Limited (GODREJIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-5566.2%

-₹52,049.55

vs ₹952.20 price

Levered DCF

-₹322,970.34

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	20.34×	37.45×	444.02×	13.95×	23.89×	55.13×	25.06×	27.2×
P/B	2.26×	3.62×	3.33×	1.7×	2.19×	2.43×	1.63×	3.69×
P/S	1.13×	1.75×	1.51×	0.77×	1.04×	1.84×	0.8×	1.42×
EV / EBITDA	10.98×	20.95×	24×	12.89×	14.78×	29.14×	11.91×	19.58×
Gross margin	26.2%	38.9%	34.6%	31.0%	28.6%	30.0%	28.8%	25.1%
Operating margin	7.8%	27.3%	24.3%	23.2%	21.7%	19.9%	21.2%	18.3%
Net margin	5.6%	4.7%	0.3%	5.5%	4.4%	3.4%	4.7%	5.2%
Current ratio	1.09×	1.27×	1.15×	1.18×	1.36×	1.46×	1.04×	0.86×
Debt / equity	4.61×	3.75×	3.62×	2.46×	2.04×	1.33×	1.26×	1.64×
Interest coverage	0.7×	1.52×	3.09×	4.31×	5.23×	4.24×	5.09×	4.08×
Dividend yield	0.3%	0.2%	0.2%	0.5%	0.4%	0.3%	0.8%	0.6%
Payout ratio	6.0%	6.9%	108.6%	6.8%	9.6%	14.8%	14.0%	16.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.1%	9.7%	0.7%	12.2%	9.2%	4.4%	9.6%	13.6%
Return on invested capital	1.6%	7.6%	5.9%	10.1%	9.0%	5.3%	10.4%	12.0%
Return on assets	1.0%	1.1%	0.1%	2.2%	1.9%	1.2%	2.7%	3.2%
Free cash flow yield	-51.0%	-16.1%	-20.6%	-38.5%	-14.6%	-7.7%	0.0%	5.0%
Earnings yield	4.9%	2.7%	0.2%	7.2%	4.2%	1.8%	5.9%	3.7%
Enterprise value	₹698.7B	₹719.9B	₹537.3B	₹316.6B	₹295.3B	₹280.5B	₹161.1B	₹224.1B
Net debt / EBITDA	7.01×	10.26×	12.11×	7.35×	6.96×	10.05×	4.94×	5.56×
Cash conversion cycle (days)	1,290	950	785	405	145	205	160	110