has buy call on Godrej Industries with a target price of Rs 638. The current market price of . is Rs 408.6.
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.
Ltd. key Products/Revenue Segments include Chemicals, Oil Vegetable, Dividend, Rental Income, Export Incentives, Scrap, Wind Energy for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4275.92 Crore, up .79 % from last quarter Total Income of Rs 4242.46 Crore and up 22.10 % from last year same quarter Total Income of Rs 3501.85 Crore. Company reported net profit after tax of Rs 172.07 Crore in latest quarter.
Investment Rationale
It values GIL at Rs638 as per the SoTP methodology and I-Sec target prices for GIL’s listed subsidiaries and associates, viz.
, and . At current market prices of the listed subsidiaries and associates, GIL’s value per share works out to Rs603. At holding company discounts of 20%, 30% and 40%, GIL’s value per share works out to Rs992, Rs862 and Rs733, respectively. It maintains BUY rating on the stock.
Promoter/FII Holdings
Promoters held 67.17 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.89 per cent, DIIs 2.27 per cent.
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