Godrej Industries Ltd., incorporated in the year 1988, is a mid-cap company (having a market cap of Rs 13913.26 crore) operating in diversified sector. Key product/revenue segments include chemicals, vegetable oil, dividends, rental income, export incentives, waste, wind power for the year ending March 31, 2022.
For the quarter ended September 30, 2022, the company reported consolidated total revenue of Rs 4,275.92 crore, up 0.79% from last quarter’s total revenue of Rs 4,242.46 crore and up 22 .10% higher than the same quarter last year on a total revenue of Rs 3501.85 crore . The company reported a net profit after tax of Rs 172.07 crore in the last quarter.
Justification of the investment
GIL values at Rs 638 as per SoTP methodology and I-Sec price targets for GIL subsidiaries and associates viz.
, and . At current market prices of listed subsidiaries and associates, GIL’s value per share is Rs 603. At holding company discounts of 20%, 30% and 40%, GIL per share stands at Rs 992, Rs 862 and Rs 733 respectively. He maintains a BUY rating on the stock.
The promoters held 67.17 percent stake in the company as on September 30, 2022, while FIIs held 8.89 percent and DIIs 2.27 percent.
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