Godrej Group stock with significant interests in consumer goods, real estate, agriculture, chemicals, financial services, and many more, through its subsidiary and associate companies, jumped 3 percent in the day’s trade after promoters increased their stake in it. 

Price Action 

With a market capitalization of Rs. 30,358 Crores, the shares of Godrej Industries Limited were trading at Rs. 901.65 per equity share, up 0.19 percent from its previous day’s close price of Rs. 899.90. 

What Happened 

As per the Bulk/Block deals data available on BSE, Rishad Kaikhushru Naoroji & others also known as RKN Enterprises have sold their entire 12.65 percent holding in the company consisting of 4.25 Crore equity shares at an average price of Rs. 893.05. 

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Following this, the family promoter of the company Nadir Burjor Godrej has purchased 2.55 Crore equity shares, and Pirojsha Adi Godrej, Nisaba Godrej, and Tanya Dubash have picked 56.94 Lakh equity shares each respectively at an average price of Rs. 893.05. 

About the company 

Godrej Industries Limited is the holding company of the famous Indian conglomerate group the Godrej Group, with significant interests in consumer goods, real estate, agriculture, chemicals, and financial services through its subsidiary and associate companies. 

Some of the subsidiaries/associates and JV’s of Godrej Industries include Godrej Consumer Products Limited, Godrej Properties Limited, Godrej Agrovet Limited, Godrej Capital Limited, and many more. 

Financials and Ratios 

Its revenue from operations declined by 0.83 percent from Rs. 16,740 Crores in FY23 to Rs. 16,601 Crores in FY24, accompanied by profits of Rs. 1,421 Crores to Rs. 595 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 0.75 percent, and a return on capital employed (ROCE) of 5.94 percent. It has reported a debt-to-equity ratio of 3.62. 

Written by: Bharath K.S


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