Godavari Biorefineries Ltd
GODAVARIBGodavari Biorefineries Ltd
GODAVARIBPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
-10.23 | 3.93 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.17 | 3.55 | 1.31% |
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Company Profile
Godavari Biorefineries Ltd is an ethanol-based chemical manufacturer with a diversified portfolio, including bio-based chemicals, sugar, ethanol, and power.
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Income Statement
Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||
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Total Revenue | 1,472.80 | 1,546.38 | 1,709.98 | 2,023.08 | 1,701.07 | 1,522.60 | ||||||
Raw Materials | 889.68 | 1,094.93 | 1,230.02 | 1,323.70 | 1,545.46 | 1,586.87 | ||||||
Power & Fuel Cost | 78.75 | 83.79 | 99.26 | 146.16 | 80.13 | |||||||
Employee Cost | 79.13 | 79.46 | 93.28 | 109.96 | 110.94 | |||||||
Selling & Administrative Expenses | 56.13 | 74.59 | 89.59 | 119.83 | 85.56 | |||||||
Operating & Other expenses | 252.14 | 47.79 | 56.81 | 168.81 | -268.96 | |||||||
EBITDA | 116.97 | 165.82 | 141.02 | 154.62 | 147.94 | -64.27 | ||||||
Depreciation/Amortization | 44.95 | 47.13 | 48.03 | 50.08 | 59.93 | 54.84 | ||||||
PBIT | 72.02 | 118.69 | 92.99 | 104.54 | 88.01 | -119.11 | ||||||
Interest & Other Items | 68.74 | 72.38 | 60.44 | 72.79 | 75.56 | 77.93 | ||||||
PBT | 3.28 | 46.31 | 32.55 | 31.75 | 12.45 | -197.04 | ||||||
Taxes & Other Items | -0.78 | 19.17 | 13.09 | 12.12 | 0.15 | -4.64 | ||||||
Net Income | 4.06 | 27.14 | 19.46 | 19.63 | 12.30 | -192.40 | ||||||
EPS | 0.97 | 6.47 | 4.64 | 4.68 | 2.93 | -45.87 | ||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
MaterialsDiversified Chemicals
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Godavari Biorefineries Ltd | 160.08 | 3.93 | — |
Pidilite Industries Ltd | 94.50 | 18.97 | 0.50% |
SRF Ltd | 52.01 | 6.05 | 0.31% |
PI Industries Ltd | 37.12 | 7.15 | 0.37% |
Price Comparison
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Sep 2021
Jun 2024
Oct 2024
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Top 5 Mutual Funds holding Godavari Biorefineries Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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ICICI Prudential ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.6187% | Percentage of the fund’s portfolio invested in the stock 0.50% | Change in the portfolio weight of the stock over the last 3 months 0.50% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 58/84 (+25) |
HDFC Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2393% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months 0.35% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 71/104 (+28) |
Bank of India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6728% | Percentage of the fund’s portfolio invested in the stock 0.82% | Change in the portfolio weight of the stock over the last 3 months 0.82% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 82/84 (+2) |
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GODAVARIB has not given any dividends in last 5 years
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This partnership grants GBL exclusive rights to leverage Catalyxx's technology for the conversion of ethanol to for up to 30,000 tons of biobutanol and other higher alcohols in India and selling globally. Godavari will in the first phase, construct and operate a facility designed to produce 15,000 metric tons of biobutanol and higher alcohols annually. Catalyxx Inc. is a leading company in sustainable chemistry. Catalyxx is dedicated to replacing the use of fossil-based chemicals and committed to transform the industry making it greener, more efficient and sustainable. Samir Somaiya, chairman and managing director (CMD) of GBL, said: 'This partnership with Catalyxx Inc reflects our commitment to advancing sustainable chemistry and underscores our leadership in the bio-chemicals sector. We are excited to embark on this journey and look forward to the positive impact this project will have on our business, the environment, and the communities we serve.' Godavari Biorefineries is an integrated sugar company operating in sugar, power, industrial alcohol and specialty chemicals. Powered by Capital Market - Live
Revenue from operations declined 33.73% YoY to Rs 320.05 crore in the quarter ended 30 September 2024. The company reported pre tax loss of Rs 64.11 crore in Q2 FY25 as compared with pre tax loss of Rs 65.14 crore reported in same period last year. During the quarter, EBITDA loss stood at Rs 31.53 crore in Q2 FY25 as against an EBITDA loss of Rs 30.61 crore recorded in Q2 FY24. EBITDA margin came in at 9.8% in Q2 FY25 as against negative EBITDA margin of 12.7% registered in the same period a year ago. The firm reported a negative net profit margin of 23.3% in Q2 FY25 as against negative 27.1% registered in similar quarter previous fiscal. On the segmental front, revenue from sugar was at Rs 170.87 crore in Q2 FY25, spiked 137.88% year on year. Biobased Chemicals revenue was at Rs 10.17 crore (up 79.04% YoY), distlliery revenue was at Rs 31.36 crore (down 34.36% YoY) during the period under review. Commenting on the Results, Samir Somaiya, CMD said, - 'Firstly, I would like to extend my heartfelt thanks to all our new shareholders for placing their trust in us andcontributing to the success of our IPO. We are committed to building a sustainable business and creating longterm value for all our stakeholders. As you may know, our business is subject to seasonality due to the sugarcane harvesting period, whichtypically runs from November to March. Consequently, our performance in the first half of the financial yeartends to be weaker compared to the second half. With the government's reinstatement of the EthanolBlending Program from sugarcane juice, GBL is poised to leverage its enhanced capacity, and we anticipateseeing its impact starting from Q3 FY25 onwards. A large portion of the IPO proceeds will be utilized to repay debt amounting to Rs 240 crore, enhancing ourbalance sheet strength and generating sufficient free cash flow to support further expansion within our biobased chemicals segment. This initiative will also improve profitability through interest cost savings. Weremain optimistic about the growth prospects of our bio-based chemicals segment and the green energytransition, and we are focused on expanding in these areas'. Godavari Biorefineries is one of the larger producers of ethanol and a pioneer in manufacturing ethanolbased chemicals in India. Its diversified product portfolio comprises bio-based chemicals, sugar, rectified spirits, ethanol, other grades of alcohol and power. It is the only company in India to have such a vast portfolioof bio-based products such as MPO, natural 1,3 butylene glycol, ethyl vinyl ether and other bio-basedchemicals.Powered by Capital Market - Live
Net Loss of Godavari Biorefineries reported to Rs 75.00 crore in the quarter ended September 2024 as against net loss of Rs 65.15 crore during the previous quarter ended September 2023. Sales rose 34.11% to Rs 320.95 crore in the quarter ended September 2024 as against Rs 239.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales320.95239.31 34 OPM %-10.16-13.18 - PBDT-51.81-50.15 -3 PBT-64.11-65.15 2 NP-75.00-65.15 -15 Powered by Capital Market - Live
Godavari Biorefineries will hold a meeting of the Board of Directors of the Company on 18 November 2024Powered by Capital Market - Live
The headline indices ended with moderate losses on Wednesday, snapping two days rising streak. The Nifty settled below the 24,350 mark. Media, FMCG and metal shares advanced while financial services, consumer durables and pharma shares declined. As per provisional closing, the S&P BSE Sensex, declined 426.85 points or 0.53% to 79,942.18. The Nifty 50 index lost 126 points or 0.51% to 24,340.85. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index jumped 1.54%. The market breadth was strong. On the BSE, 2,893 shares rose and 1,038 shares fell. A total of 80 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.54% to 15.47. Economy: The Indian diaspora's confidence in the Indian economy has soared, as evidenced by the significant increase in Non-Resident Indian (NRI) deposits. According to the Reserve Bank of India's (RBI) latest monthly bulletin, inflows into NRI deposit schemes surged to $7.82 billion in the period of April-August 2024, more than double the $3.74 billion recorded in the same period last year. Both dollar-denominated (FCNR(B)) and rupee-denominated (NRE(RA)) deposits witnessed substantial growth. Among the various NRI deposit schemes, Foreign Currency Non-Resident (FCNR) deposits witnessed the highest inflow, attracting $3.47 billion during the period, compared to $1.55 billion in the corresponding period a year ago. These deposits, denominated in foreign currencies, offer security against currency fluctuations and provide attractive returns. Non-Resident External (NRE) deposits, which are rupee-denominated accounts, also saw a significant increase, with inflows of $2.51 billion during this period, compared to an inflow of $868 million in the corresponding period a year ago. Non-Resident Ordinary (NRO) deposits, which are also rupee-denominated, also saw inflows worth $1.84 billion from April-August, 2024, compared to $1.32 billion during the same period a year ago. This surge can be attributed to factors such as attractive returns in Indian markets, strong economic fundamentals, and a more stable domestic monetary policy environment compared to many global economies. With total outstanding NRI deposits reaching $158.94 billion as of August 2024, the Indian diaspora's continued trust in the country's economic prospects is evident. New Listing: Shares of Godavari Biorefineries closed at Rs 343.75 on the BSE, representing a discount of 2.34% as compared with the issue price of Rs 352. The scrip was listed at Rs 310.55, exhibiting a discount of 11.78% to the issue price. The stock has hit a high of 354 and a low of 308.05. On the BSE, over 6.12 lakh shares of the company were traded in the counter. Buzzing Index: The Nifty Financial Services index lost 1.32% to 24,037.40. The index gained 2.55% in past two consecutive trading sessions. Multi Commodity Exchange of India (down 6.44%), ICICI Prudential Life Insurance Company (down 2.72%), REC (down 2.43%), Shriram Finance (down 2.37%) and HDFC Life Insurance Company (down 2.16%), SBI Life Insurance Company (down 2.09%), Power Finance Corporation (down 1.83%), ICICI Bank (down 1.43%), Kotak Mahindra Bank (down 1.4%) and Cholamandalam Investment & Finance Company (down 1.31%) edged lower. On the other hand, ICICI Lombard General Insurance Company (up 0.67%) ,Muthoot Finance (up 0.3%) edged higher. Stocks in Spotlight: Force Motors was locked in a 20% upper circuit after the company's consolidated net profit jumped 43.83% to Rs 135.02 crore in Q2 FY25 as against Rs 93.87 crore posted in Q2 FY24. Revenue from operations grew 7.75% to Rs 1,941.33 crore in the quarter ended 30 September 2024. Voltas slipped 4.15% after the company's consolidated net profit slipped 59.91% to Rs 133.99 crore on 46.78% decline in revenue from operations to Rs 2,619.11 crore in Q2 FY25 over Q1 FY25. Kaynes Technology India rose 0.61%. The company reported 86.35% increase in consolidated net profit to Rs 60.21 crore in Q2 FY25 as against Rs 32.31 crore posted in Q2 FY24. Revenue from operations jumped 58.55% YoY to Rs 572.12 crore in the quarter ended 30 September 2024. Deepak Fertilisers & Petrochemicals Corporation declined 1.84%. The company's consolidated surged 237.38% to Rs 214.07 crore on 13.31% increase in revenue from operations to Rs 2,746.72 crore in Q2 FY25 over Q2 FY24. Procter & Gamble Hygiene & Health Care shed 0.92%. The company's net profit increased marginally to Rs 211.90 crore in September 2024 quarter as against Rs 210.69 crore posted in September 2023 quarter. Revenue from operations declined 0.28% YoY to Rs 1,135.16 crore in the quarter ended 30 September 2024. TTK Prestige added 1.29%. The kitchen appliances manufacturer reported 10.79% decline in consolidated net profit to Rs 52.87 crore in Q2 FY25 as compared with Rs 59.27 recorded in Q2 FY24. Revenue from operations increased 2.82% YoY to Rs 750.06 crore in the quarter ended 30 September 2024. Prestige Estates Projects advanced 2.71%. The company reported 77.41% decrease in consolidated net profit to Rs 192.20 crore in Q2 FY25 as against Rs 850.90 crore recorded in Q2 FY24. However, revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. Sheela Foam lost 1.62% after the company's consolidated net profit tumbled 77.68% to Rs 9.81 crore in Q2 FY25 as against Rs 43.96 crore posted in Q2 FY24. However, revenue from operations jumped 32.54% to Rs 812.75 crore in Q2 FY25 as against Rs 613.18 crore reported in corresponding quarter last year. Honeywell Automation India slumped 7.78% after the company reported 5.57% decline in net profit to Rs 115.10 crore on 7.27% decrease in revenue from operations to Rs 1,023.9 crore in Q2 FY25 over Q2 FY24. Glaxosmithkline Pharmaceuticals advanced 2.16% after the company's standalone net profit jumped 15.38% to Rs 248.69 crore on 4.9% increase in revenue from operations to Rs 1,000.05 crore in Q2 FY25 over Q2 FY24. Global Markets: European shares declined on Wednesday as investors await the latest growth data from the region, the U.K. government's Budget and another batch of earnings. Asian stocks ended lower on Wednesday as risk appetite was quashed by anticipation of a tight U.S. presidential election and a barrage of key economic readings this week. Japanese markets remained the outliers, extending recent gains as heightened political uncertainty in the country fueled more bets that the Bank of Japan will not raise interest rates further. In the US, indices marked a mixed close on Tuesday, as investors piled into technology stocks, but avoided most other sectors. The NASDAQ Composite rose 0.8% to a record-high close of 18,717.58 points, while the S&P 500 rose 0.2% to 5,832.92 points. But the Dow Jones Industrial Average lagged, falling 0.4% to 42,233.05 points. Sentiment was underpinned by strong earnings from Alphabet Inc. Tech majors Meta Platforms Inc and Microsoft Corporation are set to report on Wednesday, while Amazon.com Inc and Apple Inc are due on Thursday. A slew of key U.S. economic readings are also due in the coming days, while the Federal Reserve is set to meet next week. Third-quarter gross domestic product data is due on Thursday, while PCE price index data- the Federal Reserve's preferred inflation gauge- and nonfarm payrolls data are due on Friday. The three readings are likely to factor into the outlook for interest rates, and come before a Fed meeting next week where the central bank is widely expected to cut rates by a smaller 25 basis points. Powered by Capital Market - Live
The key equity benchmarks traded with minor losses in morning trade. The Nifty traded below the 24,450 mark. Consumer durables shares declined after advancing in the past two trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 261.48 points or 0.31% to 80,112.70. The Nifty 50 index lost 60.90 points or 0.25% to 24,405.95. In the broader market, the S&P BSE Mid-Cap index rose 0.28% and the S&P BSE Small-Cap index added 1.37%. The market breadth was strong. On the BSE, 2,441 shares rose and 694 shares fell. A total of 123 shares were unchanged. Economy: The Indian diaspora's confidence in the Indian economy has soared, as evidenced by the significant increase in Non-Resident Indian (NRI) deposits. According to the Reserve Bank of India's (RBI) latest monthly bulletin, inflows into NRI deposit schemes surged to $7.82 billion in the period of April-August 2024, more than double the $3.74 billion recorded in the same period last year. Both dollar-denominated (FCNR(B)) and rupee-denominated (NRE(RA)) deposits witnessed substantial growth. Among the various NRI deposit schemes, Foreign Currency Non-Resident (FCNR) deposits witnessed the highest inflow, attracting $3.47 billion during the period, compared to $1.55 billion in the corresponding period a year ago. These deposits, denominated in foreign currencies, offer security against currency fluctuations and provide attractive returns. Non-Resident External (NRE) deposits, which are rupee-denominated accounts, also saw a significant increase, with inflows of $2.51 billion during this period, compared to an inflow of $868 million in the corresponding period a year ago. Non-Resident Ordinary (NRO) deposits, which are also rupee-denominated, also saw inflows worth $1.84 billion from April泡ugust, 2024, compared to $1.32 billion during the same period a year ago. This surge can be attributed to factors such as attractive returns in Indian markets, strong economic fundamentals, and a more stable domestic monetary policy environment compared to many global economies. With total outstanding NRI deposits reaching $158.94 billion as of August 2024, the Indian diaspora's continued trust in the country's economic prospects is evident. New Listing: Shares of Godavari Biorefineries were currently trading at Rs 315.85 at 10:07 IST on the BSE, representing a discount of 10.27% as compared with the issue price of Rs 352. The scrip was listed at Rs 310.55, exhibiting a discount of 11.78% to the issue price. So far, the stock has hit a high of 331.70 and a low of 308.05. On the BSE, over 0.23 lakh shares of the company were traded in the counter so far. Result Today: Larsen & Toubro (up 0.34%), Tata Power (up 0.33%), Dabur India (up 0.95%), Biocon (down 0.50%), Aditya Birla Capital (up 0.85%), 3i Infotech (up 1.75%), Aeroflex Industries (up 2.42%), AGS Transact Technologies (up 0.61%), AIA Engineering (down 0.30%), Automotive Axles (up 0.26%), DCM Shriram (up 2.43%), Grindwell Norton (up 3.16%), IRB Infrastructure Developers (up 1.37%), KRN Heat Exchanger and Refrigeration (up 2.78%), The New India Assurance Company (up 2.10%), Paisalo Digital (up 3.53%), Procter & Gamble Hygiene & Health Care (down 1.58%), Protean eGov Technologies (up 1.86%), Prudent Corporate Advisory Services (up 2.72%), Sterlite Technologies (up 2.26%), and TTK Prestige (down 0.42%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Consumer Durables index fell 1.05% to 39,642.30. The index rose 0.32% in the past two trading session. Voltas (down 4.79%), Amber Enterprises India (down 2.2%), V-Guard Industries (down 1.77%), Dixon Technologies (India) (down 1.09%) and Kalyan Jewellers India (down 0.94%), Havells India (down 0.81%), Blue Star (down 0.73%), Titan Company (down 0.35%), Crompton Greaves Consumer Electricals (down 0.18%) edged lower. On the other hand, Rajesh Exports (up 1.49%), Century Plyboards (India) (up 0.9%) and Bata India (up 0.57%) edged higher. Stocks in Spotlight: Force Motors zoomed 18.83% after the company's consolidated net profit jumped 43.83% to Rs 135.02 crore in Q2 FY25 as against Rs 93.87 crore posted in Q2 FY24. Revenue from operations grew 7.75% to Rs 1,941.33 crore in the quarter ended 30 September 2024. Dynacons Systems & Solutions jumped 8.48% after the company informed that it has received a follow-up contract of Rs 108 crore from the National Bank for Agriculture and Rural Development (NABARD) for delivering an advanced CBaaS solution for the Haryana State Cooperative Bank. Capri Global Capital (CGCL) rallied 14.21% after the NBFC's consolidated net profit surged 48.65% to Rs 96.98 crore on 34.98% increase in total income to Rs 752.81 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
The scrip was listed at Rs 310.55, exhibiting a discount of 11.78% to the issue price. So far, the stock has hit a high of 331.70 and a low of 308.05. On the BSE, over 0.23 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Godavari Biorefineries was subscribed 1.83 times. The issue opened for bidding on 23 October 2024 and it closed on 25 October 2024. The price band of the IPO was fixed between Rs 334 to 352 per share. The IPO comprised of a fresh issue of Rs 325 crore and an offer for sale (OFS) of up to 65,26,983 shares by its existing shareholders. Out of the proceeds from the fresh issue, Rs 240 crore will be used for repayment, prepayment and redemption, in full or in part, of certain borrowings availed of by the company and the balance for general corporate purposes. Ahead of the IPO, Godavari Biorefineries on Tuesday, 22 October 2024, raised Rs 166.42 crore from anchor investors. The board allotted 47.27 lakh shares at Rs 352 each to 19 anchor investors. Godavari Biorefineries (GBL) is an integrated sugar company operating in sugar, ethanol, bio-based chemicals and power. GBL is one of the India's largest producers of ethanol in terms of volume as of March 31, 2024. It is also the largest manufacturer of3-methyl- 3-pentene-2-one (MPO) worldwide in terms of installed capacity, one of only two manufacturers of natural 1,3 butylene glycol and the only company in India to manufacture bio ethyl acetate. The firm reported a consolidated net loss of Rs 26.11 crore and net sales of Rs 522.53 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live
The Equity shares of Godavari Microfinances Ltd (Scrip Code: 544279) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities effect from 30 October 2024.Powered by Capital Market - Live
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant