Buy Godrej Industries, target price Rs 855: Axis Securities

Axis Securities has buy call on Godrej Industries with a target price of Rs 855. The current market price of Godrej Industries is Rs 788.3.

Godrej Industries Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 26093.36 Crore) operating in Diversified sector.

Godrej Industries Ltd. key Products/Revenue Segments include Chemicals, Oil Vegetable, Dividend, Rental Income, Export Incentives, Scrap, Wind Energy for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4256.87 Crore, down -13.01 % from last quarter Total Income of Rs 4893.40 Crore and down -.45 % from last year same quarter Total Income of Rs 4275.92 Crore. Company reported net profit after tax of Rs 86.46 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.16 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.39 per cent, DIIs 0.53 per cent.