# Godrej Industries share price today (Godrej Industries Ltd, NSE: GODREJIND)

> Godrej Industries share price today: ₹978.50 at the NSE close on 4 November 2026, down 9.0% in a year. Godrej Industries (NSE: GODREJIND) is worth ₹32,958 crore, trades at a P/BV of 3.0 and has closed between ₹775.20 and ₹1,417.70 over the past 52 weeks. > Godrej Industries Ltd's P/BV is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. GODREJIND · Finance - Holding Company · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/godrej-industries-ltd

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## Key numbers

- Price: ₹978.50 (−9.0% in a year)
- P/BV: 3.0× (lower than 65% of the last 11 years)
- Revenue (Jun 2026): ₹5,448 Cr (+22.2% on a year ago)
- Profit (Jun 2026): ₹523 Cr (−27.9% on a year ago)
- Net margin: 9.6% (−6.7 points on a year ago)
- ROE: 9%, FY26

The main question: yearly earnings per share moved +26.4% while the share price moved −9.0%. ## What is the Godrej Industries share price today? Godrej Industries Ltd's share price was ₹978.50 at the close on 4 November 2026. It has been falling for 2 weeks. That is 10.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹775 and ₹1,418, and at that close it sat 32% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running. Over the last 11 years the share price moved +195% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Godrej Industries this quarter? Two changes stood out: profit fell in the June 2026 quarter and revenue up on a year earlier for 8 quarters in a row. 1. Profit fell in the June 2026 quarter Profit was ₹523 crore, -27.9% on a year earlier (₹725 crore), after 8 quarters of growth. 2. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹5,448 crore, +22.2% on a year earlier. ## What are Godrej Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Godrej Industries reported total income of ₹5,448 crore, up 22.2% from ₹4,460 crore a year earlier, and a profit of ₹523 crore, down 27.9% from ₹725 crore. ### Godrej Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹5,448 crore | ₹4,460 crore | +22.2% |
| Profit | ₹523 crore | ₹725 crore | −27.9% |
| Earnings per share | ₹8.44 | ₹10.37 | −18.6% |
| Net margin | 9.6% | 16.3% | −6.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.)

## What is the Godrej Industries share price history? Godrej Industries closed at ₹978.50 on 4 November 2026, down 9.0% from ₹1,075.10 a year earlier (7 November 2025) and up 60.8% over five years. Its highest weekly close since March 2016 was ₹1,417.70 on 10 July 2026. ### Godrej Industries share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹904.90 | +8.1% |
| 1 month ago · 1 Oct 2026 | ₹1,019.60 | −4.0% |
| 6 months ago · 8 May 2026 | ₹1,218.25 | −19.7% |
| 1 year ago · 7 Nov 2025 | ₹1,075.10 | −9.0% |
| 3 years ago · 3 Nov 2023 | ₹652.25 | +50.0% |
| 5 years ago · 4 Nov 2021 | ₹608.35 | +60.8% |
| 10 years ago · 4 Nov 2016 | ₹416.40 | +135.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹331.30 | +195.4% |
| Highest weekly close since March 2016, also the 52-week high · 10 Jul 2026 | ₹1,417.70 | −31.0% |
| Lowest weekly close since March 2016 · 8 May 2020 | ₹248.75 | +293.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹775.20 | +26.2% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Godrej Industries? 4 Nov 2026: Godrej Industries closed at ₹978.50, up 8.1% on the week and down 4.0% on the month. Results for April to June 2026: Total income up 22.2% and profit down 27.9% on a year earlier. ## What dividend does Godrej Industries pay? Godrej Industries has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Godrej Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 5 November 2026.)

## What is the future of Godrej Industries? What is changing in the business? What is changing at Godrej Industries, from the latest results and calls: financial services capital infusion and estate & property development ramp-up. - Financial Services Capital Infusion. Board approved capital injection into Godrej Investment Limited to accelerate financial services growth. ⚠ estimate
- Estate & Property Development Ramp-up. Real estate segment emerging as a primary growth driver, contributing to the revenue expansion. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 27 June 2026.)

## What could change the Godrej Industries story? What are the risks? If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. ### The main risks

- Leverage Cost on New Debt: NCD raise introduces interest burden that must be out-yielded by operating assets. ✓ fact

(Our read after the latest results, written 27 June 2026.)

## What to watch in Godrej Industries' next results? When Godrej Industries reports July to September 2026, these are the 2 checks that show whether the story is still on course. First: Godrej Investment Limited ROA and ROE metrics in FY27. | What to check | Why |
| --- | --- |
| Godrej Investment Limited ROA and ROE metrics in FY27. | HoldCo Discount Widening |
| Interest expense on a year earlier growth vs PBIT growth in April to June 2026. | Leverage Cost on New Debt |

## Which stock lists is Godrej Industries on? Godrej Industries is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 273](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Godrej Industries profitable? Godrej Industries Ltd earned ₹523 Cr of net profit in the Jun 2026 quarter, −27.9% on the same quarter a year earlier. Full-year FY26 profit was ₹2,412 Cr. Over 10 years profit has grown 22.3% a year on average. That is 9.6% of the quarter's revenue. The same quarter a year earlier earned ₹725 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹2,412 Cr (+29.8% on the year before). Why profit moved: revenue changed +22.2% on a year earlier and the margin moved −6.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +22.1% and revenue +16.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q3. Revenue and net profit were steady. Operating margin stabilized. Estate and property development started showing accelerated traction, providing a base for the consolidated revenue expansion. Promoter shareholding peaked, indicating deep insider alignment ahead of the upcoming strategic pivots. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## How much revenue does Godrej Industries make, and is it growing? Godrej Industries Ltd reported ₹5,448 Cr of income in the Jun 2026 quarter, +22.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 11.5% a year on average. The last full year, FY26, came in at ₹22,237 Cr. The last four reported quarters add to ₹23,225 Cr. FY26 revenue was ₹22,237 Cr, +13.1% on the year before. Recent pace: the last four quarters grew +16.2% on average, against 11.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.9%, against +19.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +13.8%, against +52.9% a year (rolling over). FY26-Q3. Revenue and net profit were steady. Operating margin stabilized. Estate and property development started showing accelerated traction, providing a base for the consolidated revenue expansion. Promoter shareholding peaked, indicating deep insider alignment ahead of the upcoming strategic pivots. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## How much does Godrej Industries keep from what it earns? Godrej Industries Ltd's net margin was 9.6% in the Jun 2026 quarter, 6.7 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 3.6% and 10.8%. The latest quarter is within that range. Why this happened. The aggressive capital pivot towards financial services indicates management's intent to capture higher spreads and ROE. This deployment is funded partially by the NCD raise, setting up a levered return profile for the subsidiary. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. FY26-Q3. Revenue and net profit were steady. Operating margin stabilized. Estate and property development started showing accelerated traction, providing a base for the consolidated revenue expansion. Promoter shareholding peaked, indicating deep insider alignment ahead of the upcoming strategic pivots. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## How many of Godrej Industries' loans have gone bad? Godrej Industries Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Godrej Industries' loan book growing? Godrej Industries Ltd's revenue was ₹22,237 Cr in FY26, +13.1% on the year before, so the loan book is growing. The latest quarter was +22.2% on a year earlier. The net margin on that income is 9.6%, −6.7 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Godrej Industries' P/BV ratio, and how does it compare with its own history? Godrej Industries Ltd's P/BV is 3.0×, near the low end of its own history: it has been lower only 35% of the time. Its usual P/BV (the middle reading) is 3.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 9% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Keep one thing in mind: the net margin is the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year book value grew while the price moved −9.0%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +10.0% a year; about +10.9% a year came from book-value growth and about −0.9 percentage points from the multiple (roughly no change); over 10 years the price moved +8.9% a year; about +13.4% a year came from book-value growth and about −4.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 28% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Godrej Industries business getting better or worse? Godrej Industries Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +105.5% at its peak to +13.8%, but the business is still expanding. This is based on 8 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Godrej Industries story, and has it been checked? Godrej Industries Ltd's story is not scored yet against the checks our research set on 27 June 2026. Where it sits in its own cycle: EARLY EXPANSION TO MID. Still open: If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. Our read, 27 June 2026. From the numbers. Below median at 0.9x, smoothed YoY -22.3%, QoQ IMPROVING, early stage. From the price. Price stage 4, week 2, below its 200-day line, relative strength falling. From the research. Where they disagree. Below median at 0.9x, smoothed YoY -22.3%, QoQ IMPROVING, early stage. What is proven. What is not proven yet. If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. What would change our mind. If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. The test written in advance. If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. Measured by: the thesis as written as stated by the next result. The test written in advance. HoldCo Discount Widening. Measured by: HoldCo Discount Widening Godrej Investment Limited ROA and ROE metrics in FY27 by the next result. The test written in advance. Leverage Cost on New Debt. Measured by: Leverage Cost on New Debt Interest expense YoY growth vs PBIT growth in Q1 FY27 by the next result. What the company does. Q4 FY26 net profit jumped, driving FY26 ROCE up from lower historical bases. Board approved capital injection into Godrej Investment Limited to expand financial services, plus an NCD raise, signaling a capital allocation pivot. The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading. What the surface reading misses. Lever 1 · Operating leverage: building. Board approved capital injection into Godrej Investment Limited to accelerate financial services growth. What proves it keeps working: Financial Services Capital Infusion. It stops working if Cost of funds on the NCDs exceeds the yield generated by the financial services portfolio. Lever 2 · Value-added mix: building. Real estate segment emerging as a primary growth driver, contributing to the revenue expansion. What proves it keeps working: Estate & Property Development Ramp-up. It stops working if If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. Sources: our stock research file (27 June 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Godrej Industries earn on its equity and assets? We do not have a clean yearly return-on-equity history for Godrej Industries Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. The quarterly return-on-equity and return-on-assets curves, which only the second data source has, are not shown on this page: its two data sources disagree by up to 28% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Godrej Industries have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Godrej Industries shareholding pattern? Promoters raised their stake in Godrej Industries Ltd by 6.9 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 74.6% of the company. Foreign institutions moved −3.9 points over the same period, to 4.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +6.9 points over 8 quarters, to 74.6%; Foreign institutions: −3.9 points over 8 quarters, to 4.5%; Domestic institutions: −1.1 points over 8 quarters, to 3.7%. Why the owners changed: promoters drove it (+6.9 points), with the other side taken by foreign institutions (−3.9 points). They raised their stake step by step. ## How far is Godrej Industries from balance-sheet trouble? For Godrej Industries Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Godrej Industries rank in its industry? 44.0 out of 100, rank 12 of 18 in Finance - Holding Company, with 73% of the evidence available. Godrej Industries Ltd scores 44.0 out of 100 against the 18 companies it is compared with in Finance - Holding Company, ranking 12. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.6 + 14.7 + 6.7 + 4 = 44. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Godrej Industries compared with? Godrej Industries ranks 12 of 18 Finance - Holding Company companies on the 4-Factor Sector Score, with 44.0 out of 100. 1. [Jindal Poly Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/jindal-poly-investment-finance-company-ltd) JPOLYINVST · quiet · Most evidence points up · 69% evidence 69.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 100% · Profit 100% · 75% evidence Capital efficiency 20.7/25 · ROA 47.9% · ROE 54.8% · GNPA n/a · 72% evidence Valuation 14.0/20 · P/BV 0.58× · P/BV÷ROE 0.01 · 100% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.2% · 1 year -10.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.1 + 20.7 + 14 + 8.1 = 69.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Kama Holdings Ltd](https://www.sectoralpha.in/stocks/kama-holdings-ltd) KAMAHOLD · basing · Most evidence points up · 69% evidence 69.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Income 12.9% · Profit 50.8% · 75% evidence Capital efficiency 18.1/25 · ROA 7.3% · ROE 12.6% · GNPA n/a · 72% evidence Valuation 18.2/20 · P/BV 0.86× · P/BV÷ROE 0.07 · 100% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -29.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 18.1 + 18.2 + 8.6 = 69.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Alembic Ltd](https://www.sectoralpha.in/stocks/alembic-ltd) ALEMBICLTD · losing its lead · Evidence leans up · 84% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Income 8.1% · Profit 1.3% · 75% evidence Capital efficiency 18.3/25 · ROA 12.2% · ROE 13% · GNPA n/a · 72% evidence Valuation 16.3/20 · P/BV 0.92× · P/BV÷ROE 0.07 · 100% evidence Relative strength 17.5/20 · Lead over its industry 4.1% · Lead over NIFTY 500 -2% · 1 year -12.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 10.1 + 18.3 + 16.3 + 17.5 = 62.2 · What this means: Relative strength against the index is -2%, and revenue and profit growth are weak. 4. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) CHOLAHLDNG · basing · Evidence leans up · 76% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 17.5% · Profit 24.3% · 55% evidence Capital efficiency 18.6/25 · ROA 2.2% · ROE 17.5% · GNPA n/a · 68% evidence Valuation 17.0/20 · P/BV 1.64× · P/BV÷ROE 0.09 · 100% evidence Relative strength 5.9/20 · Lead over its industry -6.3% · Lead over NIFTY 500 -12.1% · 1 year -29.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 18.6 + 17 + 5.9 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TVS Holdings Ltd](https://www.sectoralpha.in/stocks/tvs-holdings-ltd) TVSHLTD · quiet · Evidence leans up · 75% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 35% · Profit 48.9% · 52% evidence Capital efficiency 13.9/25 · ROA 0.4% · ROE 30.6% · GNPA n/a · 68% evidence Valuation 10.8/20 · P/BV 3.68× · P/BV÷ROE 0.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -2.1% · Lead over NIFTY 500 -5.9% · 1 year -19.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.2 + 13.9 + 10.8 + 7.3 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Bajaj Finserv Ltd](https://www.sectoralpha.in/stocks/bajaj-finserv-ltd) BAJAJFINSV · quiet · Evidence leans up · 73% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Income 14.7% · Profit 10.5% · 45% evidence Capital efficiency 18.1/25 · ROA 4.9% · ROE 13.2% · GNPA n/a · 68% evidence Valuation 8.7/20 · P/BV 3.43× · P/BV÷ROE 0.26 · 100% evidence Relative strength 8.5/20 · Lead over its industry -1.3% · Lead over NIFTY 500 -7.1% · 1 year -20.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 17.2 + 18.1 + 8.7 + 8.5 = 52.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Bajaj Holdings & Investment Ltd](https://www.sectoralpha.in/stocks/bajaj-holdings-investment-ltd) BAJAJHLDNG · quiet · Too little evidence to rank firmly · 58% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Income 30.3% · Profit 5.6% · 45% evidence Capital efficiency 12.3/25 · ROA 0.6% · ROE 11.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV 1.55× · P/BV÷ROE 0.13 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.6% · 1 year -17% · 25% evidence · 9 of 12 weeks ahead Exact sum: 17.4 + 12.3 + 10.9 + 11.1 = 51.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Rane Holdings Ltd](https://www.sectoralpha.in/stocks/rane-holdings-ltd) RANEHOLDIN · quiet · Too little evidence to rank firmly · 58% evidence 48.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Income 25.8% · Profit -50.8% · 45% evidence Capital efficiency 14.3/25 · ROA 4% · ROE 7% · GNPA n/a · 68% evidence Valuation 6.7/20 · P/BV 1.78× · P/BV÷ROE 0.25 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 6.1% · 1 year -6.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 14.7 + 14.3 + 6.7 + 12.5 = 48.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) TATAINVEST · quiet · Evidence leans down · 84% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Income 31.6% · Profit 31.4% · 75% evidence Capital efficiency 12.2/25 · ROA 1.3% · ROE 1.4% · GNPA n/a · 72% evidence Valuation 4.0/20 · P/BV 0.97× · P/BV÷ROE 0.67 · 100% evidence Relative strength 5.3/20 · Lead over its industry -5.6% · Lead over NIFTY 500 -11.2% · 1 year -29.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.2 + 4 + 5.3 = 47.3 · What this means: Earnings are strong; relative strength in its sector is -5.6% and the one-year return is -29.6%. 10. [JSW Holdings Ltd](https://www.sectoralpha.in/stocks/jsw-holdings-ltd) JSWHL · turning · Evidence leans down · 82% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Income 55.8% · Profit 61.6% · 86% evidence Capital efficiency 8.4/25 · ROA 0.5% · ROE 0.5% · GNPA n/a · 72% evidence Valuation 4.4/20 · P/BV 0.34× · P/BV÷ROE 0.74 · 70% evidence Relative strength 6.8/20 · Lead over its industry -14.6% · Lead over NIFTY 500 -19.7% · 1 year -33.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 27.6 + 8.4 + 4.4 + 6.8 = 47.2 · What this means: Earnings are strong; relative strength in its sector is -14.6% and the one-year return is -33.5%. 11. [Max India Ltd](https://www.sectoralpha.in/stocks/max-india-ltd) MAXIND · quiet · Too little evidence to rank firmly · 52% evidence 44.9 out of 100 Growth Capital Valuation Relative
12. Godrej Industries Ltd this page GODREJIND · quiet · Evidence leans down · 73% evidence 44.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Income 16.9% · Profit 13.8% · 45% evidence Capital efficiency 14.7/25 · ROA 1.9% · ROE 9.3% · GNPA n/a · 68% evidence Valuation 6.7/20 · P/BV 2.73× · P/BV÷ROE 0.29 · 100% evidence Relative strength 4.0/20 · Lead over its industry -4.8% · Lead over NIFTY 500 -10.4% · 1 year -18.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.6 + 14.7 + 6.7 + 4 = 44 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 13. [Vardhman Holdings Ltd](https://www.sectoralpha.in/stocks/vardhman-holdings-ltd) VHL · breaking out · Too little evidence to rank firmly · 58% evidence 41.9 out of 100 Growth Capital Valuation Relative
14. [Elcid Investments Ltd](https://www.sectoralpha.in/stocks/elcid-investments-ltd) ELCIDIN · basing · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
15. [Kalyani Investment Company Ltd](https://www.sectoralpha.in/stocks/kalyani-investment-company-ltd) KICL · quiet · Too little evidence to rank firmly · 54% evidence 32.1 out of 100 Growth Capital Valuation Relative
16. [Max Financial Services Ltd](https://www.sectoralpha.in/stocks/max-financial-services-ltd) MFSL · quiet · Most evidence points down · 88% evidence 31.7 out of 100 Growth Capital Valuation Relative
17. [Maharashtra Scooters Ltd](https://www.sectoralpha.in/stocks/maharashtra-scooters-ltd) MAHSCOOTER · quiet · Most evidence points down · 73% evidence 31.5 out of 100 Growth Capital Valuation Relative
18. [Pilani Investment & Industries Corporation Ltd](https://www.sectoralpha.in/stocks/pilani-investment-industries-corporation-ltd) PILANIINVS · basing · Most evidence points down · 69% evidence 29.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Holding Company](https://www.sectoralpha.in/sectors/finance-holding-company), all 18 compared on one page. ## Which companies are close to Godrej Industries in size? Godrej Industries is the 4th largest of 18 Finance - Holding Company companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bajaj Finserv, Bajaj Holdings & Investment and Max Financial Services. Just below it: Tata Investment Corporation, Cholamandalam Financial Holdings and TVS Holdings. ### Finance - Holding Company companies close in size

1. [Bajaj Finserv Ltd](https://www.sectoralpha.in/stocks/bajaj-finserv-ltd) ₹2,67,160 crore
2. [Bajaj Holdings & Investment Ltd](https://www.sectoralpha.in/stocks/bajaj-holdings-investment-ltd) ₹1,13,705 crore
3. [Max Financial Services Ltd](https://www.sectoralpha.in/stocks/max-financial-services-ltd) ₹41,414 crore
4. Godrej Industries Ltd ₹30,482 crore
5. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) ₹28,475 crore
6. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) ₹25,374 crore
7. [TVS Holdings Ltd](https://www.sectoralpha.in/stocks/tvs-holdings-ltd) ₹24,671 crore

[All 18 Finance - Holding Company companies, largest first](https://www.sectoralpha.in/sectors/finance-holding-company#all-companies)

### Companies close in size in other industries

1. [Dr Lal Pathlabs Ltd](https://www.sectoralpha.in/stocks/dr-lal-pathlabs-ltd) ₹30,674 crore · Diagnostics
2. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) ₹30,661 crore · IT - Software
3. Godrej Industries Ltd ₹30,482 crore
4. [Mangalore Refinery And Petrochemicals Ltd](https://www.sectoralpha.in/stocks/mangalore-refinery-and-petrochemicals-ltd) ₹30,346 crore · Refineries
5. [Krishna Institute of Medical Sciences Ltd](https://www.sectoralpha.in/stocks/krishna-institute-of-medical-sciences-ltd) ₹29,476 crore · Hospitals

## What else do people ask about Godrej Industries? ### What is Godrej Industries's share price today? Godrej Industries Ltd's share price is ₹978.50, −9.0% over the past year. The whole company is worth ₹32,958 Cr on the market. In the last 52 weeks it traded between ₹775 to ₹1,418; today it is 32% of the way up from the low, 10.6% below its 200-day average (as of 4 November 2026). ### What were Godrej Industries's latest quarterly results? Godrej Industries Ltd reported total income of ₹5,448 Cr and net profit of ₹523 Cr for the Jun 2026 quarter. Income rose 22.2% and profit fell 27.9% compared with a year earlier. Earnings per share were ₹8.44. The net margin was 9.6%, 6.7 percentage points lower than a year earlier (as of 4 November 2026). ### What is Godrej Industries's market cap? Godrej Industries Ltd's market capitalisation is ₹32,958 Cr at a share price of ₹978.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Godrej Industries performing? Godrej Industries Ltd's share price has been falling for 2 weeks. In its latest quarter, income rose 22.2% and profit fell 27.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 9 weeks running (as of 4 November 2026). ### Will Godrej Industries's share price go up? This page does not forecast Godrej Industries Ltd's share price. What it shows instead: the share price is ₹978.50, and it has been falling for 2 weeks. Its P/BV of 3.0× is higher than 35% of its own last 11 years (as of 4 November 2026). ### Who owns Godrej Industries? Promoters own 74.6% of Godrej Industries Ltd, foreign institutions 4.5%, domestic institutions 3.7% and the public 17.2% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 6.9 percentage points over 8 quarters (as of 4 November 2026). ### Where is Godrej Industries in its business cycle? Godrej Industries Ltd's FY26 net margin was 10.8%, against a 13-year range of 3.6% to 10.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Godrej Industries story? The main question: yearly earnings per share moved +26.4% while the share price moved −9.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Godrej Industries a stock worth studying right now? What the numbers show: Godrej Industries Ltd's P/BV is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Godrej Industries share price forecast for 2026? What is changing at Godrej Industries, from the latest results and calls: financial services capital infusion and estate & property development ramp-up. What would change the story: If the ₹1,000 Cr capital injection into Godrej Investment Limited fails to generate ROE above the 11.9% consolidated average within 4 quarters, indicating capital misallocation. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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