GODREJIND
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India's Godrej Industries eyes acquisitions in consumer sector, group chair says at Davos
Corrects attribution in paragraph 7 to Nadir Godrej, not Rahul Saraf
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 23 (Reuters) - Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said.
Dealmaking in the Indian consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September, investment bank Equirus Capital said.
"We are constantly looking for acquisitions," Nadir Godrej told the Reuters Global Markets Forum on Thursday, on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Godrej Consumer Products GOCP.NS last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).
Strong demographics, rising consumption and supportive policies continue to attract capital to the world's fourth-largest economy, Rahul Saraf, head of investment banking at Citi India, told the GMF in Davos.
But high valuations are sometimes a pain point.
"Part of the high valuation in India is because it has very high growth rates. You don't have those growth rates in Europe or in America," Nadir Godrej said.
The International Monetary Fund forecasts India's economy will expand more than 7% in fiscal 2026, far outpacing the global average, while its communications department director called the country "a key growth engine for the world".
Nadir Godrej also said the group's food and agri business, Godrej Agrovet GODE.NS, is looking for prospects in the animal feed category, but "never found a really good target" as most peers are regional.
In light of U.S. tariffs on imports from India, the group's consumer business is "working harder in other markets" even though its direct exports to the U.S. are minor, Godrej said.
The group, home to Godrej Properties GODR.NS, does not expect a slowdown in its real estate business, he said. Analysts polled by Reuters say a boom in the luxury housing sector will peter out within five years.
($1 = 91.6240 Indian rupees)
(Join GMF on LSEG Messenger for live interviews: https://lseg.group/3KFHrhe)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Kevin Liffey)
(([email protected]; +91 867-525-3569;))
Corrects attribution in paragraph 7 to Nadir Godrej, not Rahul Saraf
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 23 (Reuters) - Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said.
Dealmaking in the Indian consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September, investment bank Equirus Capital said.
"We are constantly looking for acquisitions," Nadir Godrej told the Reuters Global Markets Forum on Thursday, on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Godrej Consumer Products GOCP.NS last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).
Strong demographics, rising consumption and supportive policies continue to attract capital to the world's fourth-largest economy, Rahul Saraf, head of investment banking at Citi India, told the GMF in Davos.
But high valuations are sometimes a pain point.
"Part of the high valuation in India is because it has very high growth rates. You don't have those growth rates in Europe or in America," Nadir Godrej said.
The International Monetary Fund forecasts India's economy will expand more than 7% in fiscal 2026, far outpacing the global average, while its communications department director called the country "a key growth engine for the world".
Nadir Godrej also said the group's food and agri business, Godrej Agrovet GODE.NS, is looking for prospects in the animal feed category, but "never found a really good target" as most peers are regional.
In light of U.S. tariffs on imports from India, the group's consumer business is "working harder in other markets" even though its direct exports to the U.S. are minor, Godrej said.
The group, home to Godrej Properties GODR.NS, does not expect a slowdown in its real estate business, he said. Analysts polled by Reuters say a boom in the luxury housing sector will peter out within five years.
($1 = 91.6240 Indian rupees)
(Join GMF on LSEG Messenger for live interviews: https://lseg.group/3KFHrhe)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Kevin Liffey)
(([email protected]; +91 867-525-3569;))
Godrej Industries To Invest Over 100 Billion Rupees In Telangana
Dec 9 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - TO INVEST OVER 100 BILLION RUPEES IN TELANGANA
GODREJ INDUSTRIES - PROJECT TO CREATE OVER 300 DIRECT JOBS IN THREE YEARS
GODREJ INDUSTRIES - JERSEY TO INVEST 1.50 BILLION RUPEES IN DAIRY FACILITY
Source text: ID:nBSEbvZwYp
Further company coverage: GODI.NS
(([email protected];))
Dec 9 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - TO INVEST OVER 100 BILLION RUPEES IN TELANGANA
GODREJ INDUSTRIES - PROJECT TO CREATE OVER 300 DIRECT JOBS IN THREE YEARS
GODREJ INDUSTRIES - JERSEY TO INVEST 1.50 BILLION RUPEES IN DAIRY FACILITY
Source text: ID:nBSEbvZwYp
Further company coverage: GODI.NS
(([email protected];))
Godrej Industries Reports Inventory Shortfall Due To Potential Theft
Nov 5 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - REPORTS INVENTORY SHORTFALL DUE TO POTENTIAL THEFT
GODREJ INDUSTRIES - VALUE OF LOST INVENTORY ESTIMATED AT 80 MILLION RUPEES
GODREJ INDUSTRIES - TAKEN COGNIZANCE OF FINDINGS AND HAS FILED FIR FOR THEFT
Source text: ID:nBSEzV6rc
Further company coverage: GODI.NS
(([email protected];;))
Nov 5 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - REPORTS INVENTORY SHORTFALL DUE TO POTENTIAL THEFT
GODREJ INDUSTRIES - VALUE OF LOST INVENTORY ESTIMATED AT 80 MILLION RUPEES
GODREJ INDUSTRIES - TAKEN COGNIZANCE OF FINDINGS AND HAS FILED FIR FOR THEFT
Source text: ID:nBSEzV6rc
Further company coverage: GODI.NS
(([email protected];;))
India New Issue-Godrej Industries accepts bids for bond issue, bankers say
MUMBAI, Sept 18 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 8 billion rupees ($91.13 million), for separately transferable redeemable principal part bonds maturing in five years and six months, three bankers said on Thursday.
The company will pay an annual coupon of 7.89% and had invited bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 5 years and 6 months | 7.89 | 8 | September 18 | AA+ (Crisil) |
RCF | 3 years and 10 months | To be decided | 3+1 | September 23 | AA (Icra, India Ratings |
Aditya Birla Housing Sept 2028 reissue | 3 years | 7.28 (yield) | 5 | September 18 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.1275 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Sept 18 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 8 billion rupees ($91.13 million), for separately transferable redeemable principal part bonds maturing in five years and six months, three bankers said on Thursday.
The company will pay an annual coupon of 7.89% and had invited bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 5 years and 6 months | 7.89 | 8 | September 18 | AA+ (Crisil) |
RCF | 3 years and 10 months | To be decided | 3+1 | September 23 | AA (Icra, India Ratings |
Aditya Birla Housing Sept 2028 reissue | 3 years | 7.28 (yield) | 5 | September 18 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.1275 Indian rupees)
(Reporting by Dharamraj Dhutia)
India New Issue-Godrej Industries to issue over 5-year bonds, bankers say
MUMBAI, Sept 17 (Reuters) - India's Godrej Industries GODI.NS plans to raise as much as 8 billion rupees ($91.13 million), which includes a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in five years and five months, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 5 years and 5 months | To be decided | 5.5+2.5 | September 18 | AA+ (Crisil) |
NIIF Infrastructure Finance | 5 years and 2 months | To be decided | 2+4 | September 18 | AAA (Icra) |
Aditya Birla Housing Finance | 3 years | To be decided | 4+1 | September 18 | AAA (Crisil) |
TVS Credit Services | 3 years | To be decided | 5+2 | September 18 | AA+ (Crisil) |
Nuvoco Vistas Corp | 3 years | 7.70 | 6 | September 17 | AA (Crisil) |
Numaligarh Refinery | 10 years | To be decided | 10+40 | September 22 | AAA (Crisil, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 87.7830 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Sept 17 (Reuters) - India's Godrej Industries GODI.NS plans to raise as much as 8 billion rupees ($91.13 million), which includes a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in five years and five months, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 5 years and 5 months | To be decided | 5.5+2.5 | September 18 | AA+ (Crisil) |
NIIF Infrastructure Finance | 5 years and 2 months | To be decided | 2+4 | September 18 | AAA (Icra) |
Aditya Birla Housing Finance | 3 years | To be decided | 4+1 | September 18 | AAA (Crisil) |
TVS Credit Services | 3 years | To be decided | 5+2 | September 18 | AA+ (Crisil) |
Nuvoco Vistas Corp | 3 years | 7.70 | 6 | September 17 | AA (Crisil) |
Numaligarh Refinery | 10 years | To be decided | 10+40 | September 22 | AAA (Crisil, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 87.7830 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Janane Venkatraman)
FACTBOX-Winners and losers in India's sweeping GST overhaul
NEW DELHI, Sept 4 (Reuters) - Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
Here are key highlights:
MAJOR CHANGES
India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars.
REVENUE LOSS, INFLATION IMPACT
The government estimates the cuts will cause revenue loss of 480 billion rupees ($5.5 billion), far lower than economists' estimate ranging from 1 trillion rupees to 1.8 trillion rupees.
Citi said India's inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers. India's retail inflation rate fell in July to its lowest in eight years.
TAX CUTS ON DAILY ITEMS
A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now.
The cut is expected to lift the sales of fast-moving consumer goods firms such as Hindustan Unilever HLL.NS, Nestle NEST.NS and Godrej Industries GODI.NS, while lowering costs for farmers.
It will abolish tax on individual life and health insurance products sold by companies such as LIC LIFI.NS, SBI Life Insurance SBIL.NS and ICICI Prudential Life Insurance ICIR.NS.
HOLIDAY BOOST TO SALES
The government has cut taxes on items such as cars, TVs and even cement, which could boost sales during the festival season that typically runs from the last week of September until November. India's tax panel also cut GST on air conditioners, ambulances, dishwashers, three-wheelers and hybrid vehicles.
Carmakers such as Maruti MRTI.NS and Toyota 7203.T, and manufacturers of consumer applicance such as LG Electronics LGEL.NS and Sony 6758.T are set to benefit immediately when the new rates kick in.
The tax panel also lowered the effective tax for big cars to 40% from the current rate of as much as 50%, making cars from Mercedes-Benz AGMBGn.DE, AUDI Aktiengesellschaft and BMW BMWG.DE attractive. GST on EVs was kept at 5%, giving relief to carmakers such as Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS after a panel recommended an increase.
The government lowered taxes on fertiliser and tractors to help lower costs for farmers, recently come in the spotlight as Prime Minister Narendra Modi vowed to protect them following a breakdown in India-U.S. trade talks.
MAIN LOSERS
GST was raised to 18% from 12% on apparel and clothing accessories that cost more than 2,500 rupees, which could hurt global brands such as Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
The tax on coal went to 18% from 5%, but the effective tax rate on fizzy drinks make by PepsiCo PEP.O and Coca-Cola KO.N was held at 40%.
($1=87.5060 Indian rupees)
(Reporting by Aftab Ahmed; Editing by Clarence Fernandez)
(([email protected]; +91 99109 33884;))
NEW DELHI, Sept 4 (Reuters) - Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
Here are key highlights:
MAJOR CHANGES
India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars.
REVENUE LOSS, INFLATION IMPACT
The government estimates the cuts will cause revenue loss of 480 billion rupees ($5.5 billion), far lower than economists' estimate ranging from 1 trillion rupees to 1.8 trillion rupees.
Citi said India's inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers. India's retail inflation rate fell in July to its lowest in eight years.
TAX CUTS ON DAILY ITEMS
A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now.
The cut is expected to lift the sales of fast-moving consumer goods firms such as Hindustan Unilever HLL.NS, Nestle NEST.NS and Godrej Industries GODI.NS, while lowering costs for farmers.
It will abolish tax on individual life and health insurance products sold by companies such as LIC LIFI.NS, SBI Life Insurance SBIL.NS and ICICI Prudential Life Insurance ICIR.NS.
HOLIDAY BOOST TO SALES
The government has cut taxes on items such as cars, TVs and even cement, which could boost sales during the festival season that typically runs from the last week of September until November. India's tax panel also cut GST on air conditioners, ambulances, dishwashers, three-wheelers and hybrid vehicles.
Carmakers such as Maruti MRTI.NS and Toyota 7203.T, and manufacturers of consumer applicance such as LG Electronics LGEL.NS and Sony 6758.T are set to benefit immediately when the new rates kick in.
The tax panel also lowered the effective tax for big cars to 40% from the current rate of as much as 50%, making cars from Mercedes-Benz AGMBGn.DE, AUDI Aktiengesellschaft and BMW BMWG.DE attractive. GST on EVs was kept at 5%, giving relief to carmakers such as Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS after a panel recommended an increase.
The government lowered taxes on fertiliser and tractors to help lower costs for farmers, recently come in the spotlight as Prime Minister Narendra Modi vowed to protect them following a breakdown in India-U.S. trade talks.
MAIN LOSERS
GST was raised to 18% from 12% on apparel and clothing accessories that cost more than 2,500 rupees, which could hurt global brands such as Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
The tax on coal went to 18% from 5%, but the effective tax rate on fizzy drinks make by PepsiCo PEP.O and Coca-Cola KO.N was held at 40%.
($1=87.5060 Indian rupees)
(Reporting by Aftab Ahmed; Editing by Clarence Fernandez)
(([email protected]; +91 99109 33884;))
Indian ministers set to meet on landmark consumer tax overhaul
Federal, state finance ministers to meet on Sept 3 and Sept 4
Ministers to decide on lower taxes for more than 400 items
Set to discuss tax increases on high-end goods
By Nikunj Ohri
NEW DELHI, Sept 3 (Reuters) - Indian state and federal ministers will meet for two days from Wednesday to weigh the biggest cuts to consumption tax in eight years, aimed at spurring domestic demand in the face of economic headwinds from U.S. tariffs.
Coupled with cuts in personal tax unveiled in February, the cuts in the Goods and Services Tax (GST) are expected to boost consumption in the South Asian nation, whose economy grew at an unexpectedly higher pace of 7.8% in the quarter to June.
A panel on the tax, headed by Finance Minister Nirmala Sitharaman with ministers from all Indian states, will decide on a plan to cut the tax on more than 400 items, ranging from hair oil to small cars.
"With U.S. tariffs clouding exports in textiles, autos and possibly pharmaceuticals, India must pivot towards domestic consumption as the primary growth engine," said Manoj Mishra, a partner at Grant Thornton Bharat LLP.
The move is expected to boost sales of FMCG firms such as Hindustan Unilever and Godrej Industries, and consumer electronics companies such as Samsung Electronics 005930.KS, LG Electronics 066570.KS and Sony 6758.T.
Among automakers Maruti, Toyota Motor 7203.T and Suzuki Motor 7269.T are expected to be big winners.
The rush to cut the tax was triggered by Prime Minister Narendra Modi's call for greater self-reliance, when he vowed to lower GST by October, aiming to counter the U.S. tariffs of up to 50%.
TWO RATES INSTEAD OF FOUR
The ministers will consider a two-rate structure of 5% and 18%, instead of four now, with additional tax bands of 12% and 28%. It will also consider a higher tax of 40% on some luxury and "sin" goods such as cigarettes.
The plan is to sweep into the 5% category all items of daily use now in the category of 12%.
The panel will also consider lowering taxes on consumer items such as toothpaste and shampoo to 5% from 18%, and on small cars, air conditioners, and televisions to 18% from 28%.
Economists expect the cuts to cost $21 billion in revenue losses, with states set to lose more than the federal government.
While the states are broadly on board, there could be heated discussion on ways to make up their loss of revenue.
The panel is likely to discuss raising taxes on high end electric vehicles priced at more than 2 million rupees.
It will also consider raising tax to 18% from 12% on apparel priced above 2,500 rupees ($29), which would affect the premium offerings of Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
Taxes on air travel in the premium and business classes could also go to 18% from 12%.
($1=87.5060 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Clarence Fernandez)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Federal, state finance ministers to meet on Sept 3 and Sept 4
Ministers to decide on lower taxes for more than 400 items
Set to discuss tax increases on high-end goods
By Nikunj Ohri
NEW DELHI, Sept 3 (Reuters) - Indian state and federal ministers will meet for two days from Wednesday to weigh the biggest cuts to consumption tax in eight years, aimed at spurring domestic demand in the face of economic headwinds from U.S. tariffs.
Coupled with cuts in personal tax unveiled in February, the cuts in the Goods and Services Tax (GST) are expected to boost consumption in the South Asian nation, whose economy grew at an unexpectedly higher pace of 7.8% in the quarter to June.
A panel on the tax, headed by Finance Minister Nirmala Sitharaman with ministers from all Indian states, will decide on a plan to cut the tax on more than 400 items, ranging from hair oil to small cars.
"With U.S. tariffs clouding exports in textiles, autos and possibly pharmaceuticals, India must pivot towards domestic consumption as the primary growth engine," said Manoj Mishra, a partner at Grant Thornton Bharat LLP.
The move is expected to boost sales of FMCG firms such as Hindustan Unilever and Godrej Industries, and consumer electronics companies such as Samsung Electronics 005930.KS, LG Electronics 066570.KS and Sony 6758.T.
Among automakers Maruti, Toyota Motor 7203.T and Suzuki Motor 7269.T are expected to be big winners.
The rush to cut the tax was triggered by Prime Minister Narendra Modi's call for greater self-reliance, when he vowed to lower GST by October, aiming to counter the U.S. tariffs of up to 50%.
TWO RATES INSTEAD OF FOUR
The ministers will consider a two-rate structure of 5% and 18%, instead of four now, with additional tax bands of 12% and 28%. It will also consider a higher tax of 40% on some luxury and "sin" goods such as cigarettes.
The plan is to sweep into the 5% category all items of daily use now in the category of 12%.
The panel will also consider lowering taxes on consumer items such as toothpaste and shampoo to 5% from 18%, and on small cars, air conditioners, and televisions to 18% from 28%.
Economists expect the cuts to cost $21 billion in revenue losses, with states set to lose more than the federal government.
While the states are broadly on board, there could be heated discussion on ways to make up their loss of revenue.
The panel is likely to discuss raising taxes on high end electric vehicles priced at more than 2 million rupees.
It will also consider raising tax to 18% from 12% on apparel priced above 2,500 rupees ($29), which would affect the premium offerings of Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
Taxes on air travel in the premium and business classes could also go to 18% from 12%.
($1=87.5060 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Clarence Fernandez)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
India's Godrej Industries rises most in over two months on quarterly profit rise
** Shares of Godrej Industries GODI.NS up 8.4% to 1,188 rupees, set for biggest intra-day gain since June 6
** Real estate developer's Q1 profit rises 8.3%, rev grew 5%
** Co to divest entire stake in Godrej Capital to unit Godrej FS for 50 billion rupees ($571.27 million)
** Trading volume at 950,000 shares so far, 5.6x 30-day moving avg
** YTD, GODI up almost 2%
($1 = 87.5250 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Godrej Industries GODI.NS up 8.4% to 1,188 rupees, set for biggest intra-day gain since June 6
** Real estate developer's Q1 profit rises 8.3%, rev grew 5%
** Co to divest entire stake in Godrej Capital to unit Godrej FS for 50 billion rupees ($571.27 million)
** Trading volume at 950,000 shares so far, 5.6x 30-day moving avg
** YTD, GODI up almost 2%
($1 = 87.5250 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
India's Godrej Properties plans its largest-ever bond issue, sources say
By Dharamraj Dhutia
MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.
The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.
"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.
All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.
The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.
Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.
Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.
The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.
($1 = 87.2300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.
The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.
"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.
All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.
The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.
Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.
Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.
The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.
($1 = 87.2300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
India's Godrej Industries hits record high on block deal at premium
** Shares of Godrej Industries GODI.NS surge 15.8% to a record high of 1,377.8 rupees
** About 514,915 shares changes hands in one block deal priced at 1,376 rupees apiece - as per data compiled by LSEG
** Block deal at 16% premium on last closing price of 1,190.5 rupees
** Overall 2.9 million shares traded, volumes at 12.5x the 30-day avg
** Stock up 18% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Godrej Industries GODI.NS surge 15.8% to a record high of 1,377.8 rupees
** About 514,915 shares changes hands in one block deal priced at 1,376 rupees apiece - as per data compiled by LSEG
** Block deal at 16% premium on last closing price of 1,190.5 rupees
** Overall 2.9 million shares traded, volumes at 12.5x the 30-day avg
** Stock up 18% year-to-date
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India New Issue-Godrej Industries accepts bids for bond issues, bankers say
MUMBAI, May 2 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 10 billion rupees ($118.4 million) for the sale of bonds maturing in four years and five years, three bankers said on Friday.
The company will pay an annual coupon of 7.54% on the four-year papers and 7.59% on the five-year bonds and had invited coupon and commitment bids earlier in the day, the bankers said.
Godrej Industries did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 4 years | 7.54 | 5 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | 7.59 | 5 | May 2 | AA+ (Crisil) |
NHPC | 15 years | 6.86 | 19.45 | May 2 | AAA (Crisil, India Ratings) |
IREDA | 5 years and 1 month | 7.00 | 15 | May 2 | AAA (Icra, India Ratings) |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4440 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, May 2 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 10 billion rupees ($118.4 million) for the sale of bonds maturing in four years and five years, three bankers said on Friday.
The company will pay an annual coupon of 7.54% on the four-year papers and 7.59% on the five-year bonds and had invited coupon and commitment bids earlier in the day, the bankers said.
Godrej Industries did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 4 years | 7.54 | 5 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | 7.59 | 5 | May 2 | AA+ (Crisil) |
NHPC | 15 years | 6.86 | 19.45 | May 2 | AAA (Crisil, India Ratings) |
IREDA | 5 years and 1 month | 7.00 | 15 | May 2 | AAA (Icra, India Ratings) |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4440 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-Godrej Industries to issue multiple tenor bonds, bankers say
MUMBAI, April 30 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($117.32 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in four years and five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors for the issues on Friday, they said.
Godrej Industries did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 4 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
NHPC | 15 years | To be decided | 15+5 | May 2 | AAA (Crisil, India Ratings) |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.2370 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, April 30 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($117.32 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in four years and five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors for the issues on Friday, they said.
Godrej Industries did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 4 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
NHPC | 15 years | To be decided | 15+5 | May 2 | AAA (Crisil, India Ratings) |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.2370 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
India New Issue-Godrej Housing Finance to issue 5-year bonds, bankers say
MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.
It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Housing Finance | 5 years | 8.17 | 2.50+2.50 | Feb. 28 | AA+ (Crisil, Care) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 4.05+20.25 | Feb. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.
It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Housing Finance | 5 years | 8.17 | 2.50+2.50 | Feb. 28 | AA+ (Crisil, Care) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 4.05+20.25 | Feb. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India's Godrej Industries sees busiest day since October 2023
** Shares of Godrej Industries GODI.NS rise 17.4% to 1,011.15 rupees, set to gain for fourth straight session
** Trading vols jump over 24x the 30-day average to 4.5 mln shares, highest since October 9, 2023
** Reuters could not immediately ascertain the reason behind day's move
** Stock set to log best gains in a session since October 6, 2023, when it surged 19.6%
** GODI gained 56.7% in 2024
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Godrej Industries GODI.NS rise 17.4% to 1,011.15 rupees, set to gain for fourth straight session
** Trading vols jump over 24x the 30-day average to 4.5 mln shares, highest since October 9, 2023
** Reuters could not immediately ascertain the reason behind day's move
** Stock set to log best gains in a session since October 6, 2023, when it surged 19.6%
** GODI gained 56.7% in 2024
(Reporting by Vijay Malkar)
(([email protected];))
India's Godrej Industries gains on Q3 profit surge
** Shares of Godrej Industries GODI.NS rise 4.8% to 852 rupees
** Co posted a 77% rise in Q3 consol net profit to 1.88 billion rupees ($21.7 million); rev from ops up 34% Y/Y
** Co aided by over two-fold surge in rev from its estate and property development segment, which contributes 24% to the total rev
** More than 1.8 million shares change hands, 20.3x its 30-day avg; set for most active session since September 6
** Stock on track to snap four-day losing streak
($1 = 86.8520 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Godrej Industries GODI.NS rise 4.8% to 852 rupees
** Co posted a 77% rise in Q3 consol net profit to 1.88 billion rupees ($21.7 million); rev from ops up 34% Y/Y
** Co aided by over two-fold surge in rev from its estate and property development segment, which contributes 24% to the total rev
** More than 1.8 million shares change hands, 20.3x its 30-day avg; set for most active session since September 6
** Stock on track to snap four-day losing streak
($1 = 86.8520 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Godrej Industries Dec-Quarter Consol Net Profit 1.88 Billion Rupees
Feb 12 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 1.88 BILLION RUPEES
GODREJ INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 48.25 BILLION RUPEES
GODREJ INDUSTRIES - TO INVEST UPTO 5 BILLION RUPEES IN GODREJ CAPITAL
Source text: [ID:]
Further company coverage: GODI.NS
(([email protected];))
Feb 12 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 1.88 BILLION RUPEES
GODREJ INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 48.25 BILLION RUPEES
GODREJ INDUSTRIES - TO INVEST UPTO 5 BILLION RUPEES IN GODREJ CAPITAL
Source text: [ID:]
Further company coverage: GODI.NS
(([email protected];))
Indian housing market shows slowdown immunity, Godrej chairperson says
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.
Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.
India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.
Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.
A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.
Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.
Godrej said India's rural economy is improving due to an increase in consumption in villages.
(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)
(([email protected]; +91 867-525-3569;))
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.
Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.
India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.
Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.
A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.
Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.
Godrej said India's rural economy is improving due to an increase in consumption in villages.
(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)
(([email protected]; +91 867-525-3569;))
Godrej Industries Acquires 26% Stake In Clean Max Kaze
Dec 12 (Reuters) - Godrej Industries Ltd GODI.NS:
ACQUIRES 26% STAKE IN CLEAN MAX KAZE
Source text: ID:nNSEbf48dw
Further company coverage: GODI.NS
(([email protected];))
Dec 12 (Reuters) - Godrej Industries Ltd GODI.NS:
ACQUIRES 26% STAKE IN CLEAN MAX KAZE
Source text: ID:nNSEbf48dw
Further company coverage: GODI.NS
(([email protected];))
India New Issue-Godrej Industries to issue multiple tenor bonds, bankers say
MUMBAI, Nov 18 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($118.44 million), which will include a greenshoe option of 5 billion rupees through sale of bonds maturing in three years and six months and in five years, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters query seeking comment.
Here is the list of deals reported so far on Nov. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 years and 6 months | 8.1250 | 2.50+2.50 | Nov. 19 | AA+ (Icra) |
Godrej Industries | 5 years | 8.15 | 2.50+2.50 | Nov. 19 | AA+ (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.4340 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, Nov 18 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($118.44 million), which will include a greenshoe option of 5 billion rupees through sale of bonds maturing in three years and six months and in five years, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters query seeking comment.
Here is the list of deals reported so far on Nov. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 years and 6 months | 8.1250 | 2.50+2.50 | Nov. 19 | AA+ (Icra) |
Godrej Industries | 5 years | 8.15 | 2.50+2.50 | Nov. 19 | AA+ (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.4340 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
Godrej Industries Sept-Quarter Consol Net Profit At 2.88 Billion Rupees
Nov 13 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 2.88 BILLION RUPEES
GODREJ INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 48.05 BILLION RUPEES
Source text: ID:nBSE6CCWCZ
Further company coverage: GODI.NS
(([email protected];))
Nov 13 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 2.88 BILLION RUPEES
GODREJ INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 48.05 BILLION RUPEES
Source text: ID:nBSE6CCWCZ
Further company coverage: GODI.NS
(([email protected];))
Godrej Industries Signs Agreement To Acquire Business Of Savannah Surfactants
Nov 12 (Reuters) - Godrej Industries Ltd GODI.NS:
SIGNS AGREEMENT TO ACQUIRE BUSINESS OF SAVANNAH SURFACTANTS
SIGNS AGREEMENT TO ACQUIRE FOOD ADDITIVES AND EMULSIFIER BUSINESS
ESTIMATED INVESTMENT AMOUNT 760 MILLION RUPEES
Source text: ID:nBSE8k9t95
Further company coverage: GODI.NS
(([email protected];;))
Nov 12 (Reuters) - Godrej Industries Ltd GODI.NS:
SIGNS AGREEMENT TO ACQUIRE BUSINESS OF SAVANNAH SURFACTANTS
SIGNS AGREEMENT TO ACQUIRE FOOD ADDITIVES AND EMULSIFIER BUSINESS
ESTIMATED INVESTMENT AMOUNT 760 MILLION RUPEES
Source text: ID:nBSE8k9t95
Further company coverage: GODI.NS
(([email protected];;))
India's Godrej Industries rises on Q1 profit growth
** Shares of Mumbai-based conglomerate Godrej Industries GODI.NS rise as much as 4.5% to 939.88 rupees
** GODI's June quarter profit more than doubles Y/Y; revenue up 7.5% Y/Y
** Stock set for a third straight session of gains, if trend continues
** Stock rose 23% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Mumbai-based conglomerate Godrej Industries GODI.NS rise as much as 4.5% to 939.88 rupees
** GODI's June quarter profit more than doubles Y/Y; revenue up 7.5% Y/Y
** Stock set for a third straight session of gains, if trend continues
** Stock rose 23% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Godrej Industries Approves Raising Of Funds Up To 30 Bln Rupees
Aug 7 (Reuters) - Godrej Industries Ltd GODI.NS:
APPROVAL FOR RAISING OF FUNDS UP TO 30 BILLION RUPEES
Source text for Eikon: ID:nBSE2lTgVS
Further company coverage: GODI.NS
(([email protected];;))
Aug 7 (Reuters) - Godrej Industries Ltd GODI.NS:
APPROVAL FOR RAISING OF FUNDS UP TO 30 BILLION RUPEES
Source text for Eikon: ID:nBSE2lTgVS
Further company coverage: GODI.NS
(([email protected];;))
India's Godrej Agrovet Q1 profit rises
BENGALURU, August 1 (Reuters) - India's Godrej Agrovet GODE.NS reported a 28.3% rise in first-quarter profit on Thursday, helped by falling input costs.
Consolidated net profit rose to 1.35 billion rupees ($16.1 million) for the three months ended June 30 from 1.05 billion rupees a year earlier.
During the quarter, which saw parts of the country experiencing heatwaves and floods, prices of food, which account for nearly half of India's retail inflation, rose more than 8% each month, adding pressure on the spending power of the rural consumers.
Godrej Agrovet's total revenue from operations fell 6.4% to 23.51 billion rupees while total expenses fell nearly 8%, led by a fall in the cost of materials consumed.
The animal feed business, which includes cattle and fish feed and forms nearly half of the company's revenue, fell 10%.
Revenue from crop protection and poultry and processed food businesses declined 4.6% and 24.5%, respectively, while dairy and vegetable oil saw a slight uptick.
As part of its expansion plans, Godrej Agrovet will set up a new feed plant in Maharashtra state with an initial investment of 1.10 billion rupees.
Its shares ended 3.9% lower.
($1 = 83.7070 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 7982114624;))
BENGALURU, August 1 (Reuters) - India's Godrej Agrovet GODE.NS reported a 28.3% rise in first-quarter profit on Thursday, helped by falling input costs.
Consolidated net profit rose to 1.35 billion rupees ($16.1 million) for the three months ended June 30 from 1.05 billion rupees a year earlier.
During the quarter, which saw parts of the country experiencing heatwaves and floods, prices of food, which account for nearly half of India's retail inflation, rose more than 8% each month, adding pressure on the spending power of the rural consumers.
Godrej Agrovet's total revenue from operations fell 6.4% to 23.51 billion rupees while total expenses fell nearly 8%, led by a fall in the cost of materials consumed.
The animal feed business, which includes cattle and fish feed and forms nearly half of the company's revenue, fell 10%.
Revenue from crop protection and poultry and processed food businesses declined 4.6% and 24.5%, respectively, while dairy and vegetable oil saw a slight uptick.
As part of its expansion plans, Godrej Agrovet will set up a new feed plant in Maharashtra state with an initial investment of 1.10 billion rupees.
Its shares ended 3.9% lower.
($1 = 83.7070 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 7982114624;))
Godrej Industries Gets Letter Jointly From Promoters That Realignment Pursuant To Family Settlement Agreement Expected To Complete In July
June 26 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - GETS LETTER JOINTLY FROM PROMOTERS THAT REALIGNMENT PURSUANT TO FAMILY SETTLEMENT AGREEMENT EXPECTED TO BE COMPLETED IN JULY
Source text for Eikon: [ID:]
Further company coverage: GODI.NS
(([email protected];))
June 26 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - GETS LETTER JOINTLY FROM PROMOTERS THAT REALIGNMENT PURSUANT TO FAMILY SETTLEMENT AGREEMENT EXPECTED TO BE COMPLETED IN JULY
Source text for Eikon: [ID:]
Further company coverage: GODI.NS
(([email protected];))
India New Issue-Godrej Industries accepts bids for over 3-year bonds, bankers say
MUMBAI, June 25 (Reuters) - India's Godrej Industries GODI.NS has accepted bids aggregating to 5 billion rupees (nearly $60 million) for bonds maturing in three years and six months, two bankers said on Tuesday.
The bankers said Godrej will pay a coupon of 8.42% and had invited bids earlier in the day.
In February, the company had raised 10 billion rupees via bonds maturing in two years and six months, and another in three years and six months.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 year and 6 months | 8.42 | 5 | June 25 | AA (Crisil) |
India Infradebt | 12 years | To be decided | 2+8 | June 27 | AAA (Crisil, Icra) |
ONGC Petro additions | 3 years | 8.39 | 1.60 | June 25 | AA (Crisil, Icra) |
Citicorp Finance | 2 years and 1 month | To be decided | 1.50+6 | June 25 | AAA (Icra) |
SBI | 15 years | To be decided | 50+50 | June 26 | AAA (India Ratings, Icra) |
HDB Financial Sept 2027 reissue | 3 years and 3 months | 8.35 | 5 | June 24 | AAA (Crisil, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.4178 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, June 25 (Reuters) - India's Godrej Industries GODI.NS has accepted bids aggregating to 5 billion rupees (nearly $60 million) for bonds maturing in three years and six months, two bankers said on Tuesday.
The bankers said Godrej will pay a coupon of 8.42% and had invited bids earlier in the day.
In February, the company had raised 10 billion rupees via bonds maturing in two years and six months, and another in three years and six months.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 year and 6 months | 8.42 | 5 | June 25 | AA (Crisil) |
India Infradebt | 12 years | To be decided | 2+8 | June 27 | AAA (Crisil, Icra) |
ONGC Petro additions | 3 years | 8.39 | 1.60 | June 25 | AA (Crisil, Icra) |
Citicorp Finance | 2 years and 1 month | To be decided | 1.50+6 | June 25 | AAA (Icra) |
SBI | 15 years | To be decided | 50+50 | June 26 | AAA (India Ratings, Icra) |
HDB Financial Sept 2027 reissue | 3 years and 3 months | 8.35 | 5 | June 24 | AAA (Crisil, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.4178 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
Godrej Industries Approved Key Information Document For Issue Of NCDs worth 5 bln rupees
June 21 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - APPROVED KEY INFORMATION DOCUMENT (KID) FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
GODREJ INDUSTRIES LTD - ISSUANCE OF NON-CONVERTIBLE DEBENTURES AGGREGATING UP TO 5 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: GODI.NS
(([email protected];))
June 21 (Reuters) - Godrej Industries Ltd GODI.NS:
GODREJ INDUSTRIES - APPROVED KEY INFORMATION DOCUMENT (KID) FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
GODREJ INDUSTRIES LTD - ISSUANCE OF NON-CONVERTIBLE DEBENTURES AGGREGATING UP TO 5 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: GODI.NS
(([email protected];))
India New Issue-Godrej Industries to issue over 3-year bonds, bankers say
MUMBAI, June 20 (Reuters) - India's Godrej Industries GODI.NS plans to raise up to 5 billion rupees ($59.8 million), including a greenshoe of 2.5 billion rupees, through bonds maturing in three years and six months, two bankers said on Thursday.
The company will pay a coupon of 8.42% on these bonds and is likely to invite bids for the issue next week.
In February, Godrej Industries had raised 10 billion rupees via bonds maturing in two years and six months, and another in three years and six months.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 year and 6 months | 8.42 | 2.5+2.5 | To be decided | AA (Crisil) |
HDB Financial Apr 2026 reissue | 1 year and 9 months | 8.35 (yield) | 15 | June 19 | AAA (Crisil, Careedge) |
Canara Bank | 10 years | To be decided | 20 | To be decided | AAA (Careedge Ratings) |
LIC Housing May 2029 reissue | 4 years and 11 months | To be decided | 7.5+10 | June 21 | AAA (Crisil) |
India Grid Trust | 2 years and 8 months | 7.87 (quarterly) | 3.5+3 | June 21 | AAA (Crisil, Icra) |
Kotak Mahindra Prime | 3 years | To be decided | 5 | June 20 | AAA (Icra) |
NIIF Infra Finance | 5 years and 2 months | 8.07 | 5 | June 20 | AAA (Icra, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.5982 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Savio D'Souza)
MUMBAI, June 20 (Reuters) - India's Godrej Industries GODI.NS plans to raise up to 5 billion rupees ($59.8 million), including a greenshoe of 2.5 billion rupees, through bonds maturing in three years and six months, two bankers said on Thursday.
The company will pay a coupon of 8.42% on these bonds and is likely to invite bids for the issue next week.
In February, Godrej Industries had raised 10 billion rupees via bonds maturing in two years and six months, and another in three years and six months.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 3 year and 6 months | 8.42 | 2.5+2.5 | To be decided | AA (Crisil) |
HDB Financial Apr 2026 reissue | 1 year and 9 months | 8.35 (yield) | 15 | June 19 | AAA (Crisil, Careedge) |
Canara Bank | 10 years | To be decided | 20 | To be decided | AAA (Careedge Ratings) |
LIC Housing May 2029 reissue | 4 years and 11 months | To be decided | 7.5+10 | June 21 | AAA (Crisil) |
India Grid Trust | 2 years and 8 months | 7.87 (quarterly) | 3.5+3 | June 21 | AAA (Crisil, Icra) |
Kotak Mahindra Prime | 3 years | To be decided | 5 | June 20 | AAA (Icra) |
NIIF Infra Finance | 5 years and 2 months | 8.07 | 5 | June 20 | AAA (Icra, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.5982 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Savio D'Souza)
Most of India's Godrej group stocks fall on restructuring
** Shares of most Godrej group companies fall after conglomerate announces restructuring
** Godrej Properties GODR.NS and Godrej Industries GODI.NS drop 6% and 7.2%, respectively
** GODR top loser in Nifty Realty .NIFTYREAL and among top losers in mid-cap index .NIFMDCP100; GODI among top losers in Nifty 500 .NIFTY500
** Astec Lifesciences ASTE.NS sheds ~3%, while Godrej Consumer Products GOCP.NS and Godrej Agrovet GODE.NS up 0.5% and 3% respectively
** Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities - Godrej Enterprises Group and Godrej Industries Group
** "Restructuring rules out any potential option value that could have emerged from the Vikhroli land (in Mumbai) for Godrej Properties," says CLSA, reiterating a "sell" recommendation on rich valuations
** Godrej Industries Group operates via listed companies including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences
(Reporting by Bharath Rajeswaran and Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of most Godrej group companies fall after conglomerate announces restructuring
** Godrej Properties GODR.NS and Godrej Industries GODI.NS drop 6% and 7.2%, respectively
** GODR top loser in Nifty Realty .NIFTYREAL and among top losers in mid-cap index .NIFMDCP100; GODI among top losers in Nifty 500 .NIFTY500
** Astec Lifesciences ASTE.NS sheds ~3%, while Godrej Consumer Products GOCP.NS and Godrej Agrovet GODE.NS up 0.5% and 3% respectively
** Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities - Godrej Enterprises Group and Godrej Industries Group
** "Restructuring rules out any potential option value that could have emerged from the Vikhroli land (in Mumbai) for Godrej Properties," says CLSA, reiterating a "sell" recommendation on rich valuations
** Godrej Industries Group operates via listed companies including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences
(Reporting by Bharath Rajeswaran and Hritam Mukherjee in Bengaluru)
(([email protected];))
REFILE-India's Godrej family agrees to split conglomerate into two
Corrects to "agrees" from "agree" in headline
BENGALURU, May 1 (Reuters) - India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday.
The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand, it added.
Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson and managing director and his niece Nyrika Holkar as executive director.
GEG operates across aerospace, aviation, defence and liquid engines among others.
Jamshyd Godrej was earlier serving as managing director and chairman of Godrej & Boyce, the privately held company, founded in 1897.
Nadir Godrej, 73, will serve as chairperson of Godrej Industries Group (GIG), which operates via listed companies including Godrej Industries GODI.NS, Godrej Consumer Products GOCP.NS, Godrej Properties GODR.NS, Godrej Agrovet GODE.NS and Astec Lifesciences ASTE.NS. GIG will be controlled by Nadir's brother Adi Godrej and their immediate family.
82-year-old Adi Godrej stepped down as chairman of Godrej Industries in August 2021, handing over the reign to his brother, Nadir Godrej.
Adi Godrej's son Pirojsha Godrej will be named chairperson of GIG, succeeding Nadir Godrej in August 2026.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)
(([email protected];))
Corrects to "agrees" from "agree" in headline
BENGALURU, May 1 (Reuters) - India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday.
The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand, it added.
Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson and managing director and his niece Nyrika Holkar as executive director.
GEG operates across aerospace, aviation, defence and liquid engines among others.
Jamshyd Godrej was earlier serving as managing director and chairman of Godrej & Boyce, the privately held company, founded in 1897.
Nadir Godrej, 73, will serve as chairperson of Godrej Industries Group (GIG), which operates via listed companies including Godrej Industries GODI.NS, Godrej Consumer Products GOCP.NS, Godrej Properties GODR.NS, Godrej Agrovet GODE.NS and Astec Lifesciences ASTE.NS. GIG will be controlled by Nadir's brother Adi Godrej and their immediate family.
82-year-old Adi Godrej stepped down as chairman of Godrej Industries in August 2021, handing over the reign to his brother, Nadir Godrej.
Adi Godrej's son Pirojsha Godrej will be named chairperson of GIG, succeeding Nadir Godrej in August 2026.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)
(([email protected];))
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What does Godrej Industries do?
Godrej Industries Limited, a holding company of Godrej Group, has diverse interests in consumer goods, real estate, agriculture, chemicals, and financial services globally through its subsidiaries.
Who are the competitors of Godrej Industries?
Godrej Industries major competitors are Godrej Agrovet, KSE, Avanti Feeds, Sharat Industries, Coastal Corporation, Waterbase, Zeal Aqua. Market Cap of Godrej Industries is ₹32,719 Crs. While the median market cap of its peers are ₹582 Crs.
Is Godrej Industries financially stable compared to its competitors?
Godrej Industries seems to be less financially stable compared to its competitors. Altman Z score of Godrej Industries is 0.79 and is ranked 8 out of its 8 competitors.
Does Godrej Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Godrej Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Godrej Industries allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Godrej Industries balance sheet?
Godrej Industries balance sheet is weak and might have solvency issues
Is the profitablity of Godrej Industries improving?
Yes, profit is increasing. The profit of Godrej Industries is ₹1,630 Crs for TTM, ₹981 Crs for Mar 2025 and ₹59.97 Crs for Mar 2024.
Is the debt of Godrej Industries increasing or decreasing?
Yes, The net debt of Godrej Industries is increasing. Latest net debt of Godrej Industries is ₹39,968 Crs as of Sep-25. This is greater than Mar-25 when it was ₹24,552 Crs.
Is Godrej Industries stock expensive?
Godrej Industries is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Godrej Industries is 33.98, while 3 year average PE is 69.22. Also latest EV/EBITDA of Godrej Industries is 42.24 while 3yr average is 37.12.
Has the share price of Godrej Industries grown faster than its competition?
Godrej Industries has given better returns compared to its competitors. Godrej Industries has grown at ~14.53% over the last 6yrs while peers have grown at a median rate of 2.38%
Is the promoter bullish about Godrej Industries?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 74.64% and last quarter promoter holding is 71.31%.
Are mutual funds buying/selling Godrej Industries?
The mutual fund holding of Godrej Industries is increasing. The current mutual fund holding in Godrej Industries is 2.63% while previous quarter holding is 2.09%.
