Godrej Industries (BOM:500164) ROE %: 15.90% (As of Mar. 2026) — 46% Above Median

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BOM:500164 Godrej Industries Ltd BOM:500164
72 GF Score
Price ₹1,352.25
GF Value ₹1,158.45
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Godrej Industries ROE %?

Godrej Industries BOM:500164 -2.05% 72 ROE % is 15.90% as of Mar. 2026, which is 46% above its 10-year median of 10.87. GuruFocus rates BOM:500164 with a GF Score™ of 72/100 and a GF Value™ of ₹1,158.45 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 561 Conglomerates companies, Godrej Industries ranks better than 73.8% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Godrej Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹17,771 Mil. Godrej Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹111,765 Mil. Therefore, Godrej Industries's annualized ROE % for the quarter that ended in Mar. 2026 was 15.90%.

The historical rank and industry rank for Godrej Industries's ROE % or its related term are showing as below:

BOM:500164' s ROE % Range Over the Past 10 Years
Min: 0.75   Med: 10.87   Max: 15.35
Current: 11.73

During the past 13 years, Godrej Industries's highest ROE % was 15.35%. The lowest was 0.75%. And the median was 10.87%.

BOM:500164's ROE % is ranked better than
73.8% of 561 companies
in the Conglomerates industry
Industry Median: 6.15 vs BOM:500164: 11.73

Godrej Industries  (BOM:500164) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=17771.2/111764.9
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17771.2 / 307748.8)*(307748.8 / 1263045.7)*(1263045.7 / 111764.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.77 %*0.2437*11.3009
=ROA %*Equity Multiplier
=1.41 %*11.3009
=15.90 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=17771.2/111764.9
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (17771.2 / 45026.8) * (45026.8 / 41031.6) * (41031.6 / 307748.8) * (307748.8 / 1263045.7) * (1263045.7 / 111764.9)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.3947 * 1.0974 * 13.33 % * 0.2437 * 11.3009
=15.90 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Godrej Industries ROE % Related Terms


Godrej Industries ROE % Historical Data

* Premium members only.

The historical data trend for Godrej Industries's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Godrej Industries ROE % Chart

Godrej Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.91 12.90 0.75 10.81 11.63

Godrej Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.21 13.76 9.33 7.87 15.90

BOM:500164 vs HON, MMM: ROE % Comparison

For the Conglomerates subindustry, Godrej Industries's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Godrej Industries ROE % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Godrej Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Godrej Industries's ROE % falls into.


BOM:500164
72GF Score
Godrej Industries Ltd BOM:500164
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Godrej Industries ROE % Calculation

Godrej Industries's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=12405.3/( (101515.4+111764.9)/ 2 )
=12405.3/106640.15
=11.63 %

Godrej Industries's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=17771.2/( (0+111764.9)/ 1 )
=17771.2/111764.9
=15.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 15.90% mean?
Godrej Industries (BOM:500164) has a ROE % of 15.90% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Godrej Industries and its competitors. This is 46% above median its historical median of 10.87. Over the past decade, Godrej Industries' ROE % has ranged from 0.75 to 15.35. According to the industry distribution chart, Godrej Industries ranks #147 out of 561 companies in the Conglomerates industry, placing it in the top 26.2%.
Is Godrej Industries' ROE % too high?
Godrej Industries' current ROE % of 15.90% is 46% above median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 15.35. The Conglomerates industry median ROE % is 6.15. Godrej Industries' value of 15.90% is 158.5% above this industry median. Based on the distribution chart, Godrej Industries ranks #147 out of 561 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Godrej Industries has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Godrej Industries' ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Godrej Industries ranks #147 out of 561 companies for ROE %. This puts Godrej Industries in the upper half of its industry. The industry median ROE % is 6.15. Godrej Industries' value of 15.90% is 158.5% above this benchmark. Historically, Godrej Industries' own ROE % has ranged from 0.75 to 15.35 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 6.15, Godrej Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Conglomerates company?
The median ROE % among Conglomerates companies is 6.15, based on 561 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Godrej Industries's current ROE % of 15.90% is 158.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Godrej Industries and its competitors. For the Conglomerates industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Godrej Industries's current ROE % is 15.90%, which is 46% above median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Godrej Industries stock overvalued right now?
Based on GuruFocus' analysis, Godrej Industries (BOM:500164) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,158.45, compared to a current price of ₹1,352.25 — trading 16.7% above its estimated fair value. The current ROE % is 15.90%, which is 46% above median its 10-year median of 10.87 and 158.5% above the Conglomerates industry median of 6.15. Godrej Industries' overall GF Score™ is 72/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Godrej Industries (BOM:500164), the current ROE % is 15.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Godrej Industries (BOM:500164) Overvalued in 2026?

Based on GuruFocus' analysis, Godrej Industries stock appears to be overvalued. The current stock price of ₹1,352.25 is trading 16.7% above its estimated GF Value™ of ₹1,158.45. GuruFocus considers Godrej Industries to be Modestly Overvalued.

Key valuation signals for BOM:500164:

  • ROE %: 15.90% (46% above median its 10-year median of 10.87)
  • GF Value™: ₹1,158.45 vs. price of ₹1,352.25 (16.7% above fair value)
  • GF Score™: 72/100 with 10 warning signs
  • Industry Position: 158.5% above the Conglomerates median (#147 of 561)

No single metric tells the full story. See the BOM:500164 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Godrej Industries Business Description

Other Exchanges GODREJIND:India
Address Eastern Express Highway, Godrej One, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079
Godrej Industries Ltd is an India-based conglomerate with activities in agriculture, chemicals, real estate, consumer goods, and other industries. The firm has eight segments. The estate and property development segment develops, leases, and sells residential and commercial properties. The animal feed segment sells animal feed compounds for cattle, poultry, shrimp, and fish. The vegetable oils segment produces refined vegetable oils. The chemicals segment sells compounds used to make soaps, detergents, and other consumer products. The dairy segment sells milk and milk-based products. The crop protection segment provides pesticides and growth compounds. The two smallest segments account for finance and investments as well as hospitality. The majority of its revenue comes from India.
72GF Score

Get the complete analysis for BOM:500164

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,352.25
Price
₹1,158.45
GF Value