Godrej Industries Ltd. share price target

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet. As per I-Sec target prices for Godrej Consumer, Godrej Properties and Godrej Agrovet and 50% holdco discount, GIL’s value works out to INR 760/share.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet. As per I-Sec target prices for Godrej Consumer, Godrej Properties and Godrej Agrovet and 50% holdco discount, GIL’s value works out to INR 764/share.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet. As per I- Sec target prices for Godrej Consumer, Godrej Properties and Godrej Agrovet and 50% holdco discount, GIL’s value works out to Rs731/share.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet. As per I- Sec target prices for Godrej Consumer, Godrej Properties and Godrej Agrovet and 50% holdco discount, GIL’s value works out to Rs628/share.

Godrej Industries (GIL) generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet.

Prevailing holdco discount at 55%, two-year average at ~45% Godrej Industries derives its primarily value from its holding in other group companies. Its share of holding as of date (November 2019) has a market value of ~| 33,000 crore vs. its prevalent market capitalisation of ~| 15,000 crore, thereby implying a holding company discount of ~55%. In the past two years, we have seen this holding company discount averaging at ~45%, providing us hope of prevalent discounts converging towards their mean. Exhibit 1: Holding company discount trend...

Flagship Company of the Godrej group and has a leadership position in the core business of oleo chemicals. It holds 23.8% stake in Godrej Consumer Products, 53.60% in Godrej Properties (GPL), 58% of Godrej Agrovet (GAVL) and 100% of Natures Basket (NBL). Healthy promoter pedigree in creating shareholder wealth...

Godrej Industries Ltd Q2FY19 results Comment Revenue decreased by 13.43% to Rs. 2624.02 Cr in Q2FY19 when compared to the previous quarter. On the other hand, it rose by 14.76% when compared with Q2FY18.

Revenue grew by 51.24% to Rs. 3031.26 Cr in Q1FY19 when compared to the previous quarter. Godrej Industries Ltd Q1FY19 results Comment

Godrej Industries is a holding company for some of the major Godrej Group companies. With interests in consumer goods, real estate, agriculture and gourmet retail through their subsidiary and associate companies, the company is spread across 18 countries. Their standalone primary business is of Chemicals; and ranks among India's leading manufacturers of oleo chemicals and surfactants. GIL exports to over 80 countries in North...

Revenue grew by 12.12% to Rs. 432.61 Cr in Q4FY17 when compared to the previous quarter

Our thesis on Godrej Industries (GIL) is finally playing out as investors are now (a) assigning a lower holdco discount and(b) highervalue to Godrej Agrovet (GAVL).

Revenue fell by 2.55% to Rs. 2126.97 Cr in Q3FY17 when compared to the previous quarter. On the other hand, it grew by 46.3% when compared with Q3FY16.

Godrej Industries Limited (GIL) is one of the holding companies of the 119 year old Godrej group. It holds ~ 23.8% in Godrej Consumer Products (GCPL), ~56.7% in Godrej Properties (GPL), ~60.8% of Godrej Agrovet (GAVL) and...