Is Godavari Biorefineries a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Godavari Biorefineries Ltd is a below average quality company .

Is Godavari Biorefineries undervalued or overvalued?

The key valuation ratios of Godavari Biorefineries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Godavari Biorefineries share price return in the past 10 years?

Data is not available for this company

Is Godavari Biorefineries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Godavari Biorefineries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Godavari Biorefineries?

The latest standalone P/E ratio of Godavari Biorefineries as of 18-Dec-2024 is 170.39.

What is the P/B ratio of Godavari Biorefineries?

The latest standalone P/B ratio of Godavari Biorefineries as of 18-Dec-2024 is 1.92.

What is the 52-week high and low of Godavari Biorefineries?

The 52-week high of Godavari Biorefineries is Rs. 408.25 and the 52-week low is Rs. 272.75.

Godavari Biorefineries Ltd - Stock Valuation and Financial Performance

Name: Godavari Biorefineries
Brand: Godavari Biorefineries

BSE: 544279 | NSE: GODAVARIB | Sugar | Small Cap

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Godavari Biorefin Share Price

₹340 -11.70 -3.33%
as on 18-Dec'24 12:11

10 Year X-Ray of Godavari Biorefin:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0.1%	6.7%	1.7%	4.6%	7.5%	6.4%	11.3%	8.4%	8.3%	7.3%	-
Value Creation Index ⓘ	-1.0	-0.5	-0.9	-0.7	-0.5	-0.5	-0.2	-0.4	-0.4	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	975	1,365	985	1,218	1,542	1,449	1,526	1,691	2,000	1,675	1,675
Sales YoY Gr.	-	40%	-27.8%	23.6%	26.6%	-6.1%	5.4%	10.8%	18.3%	-16.2%	-
Adj EPS ⓘ	-21.8	-3.2	-9	-5.2	-0.1	0.4	5.7	4	3.2	2.6	2.1
YoY Gr.	-	NA	NA	NA	NA	NA	1315%	-29.7%	-20.9%	-19.1%	-
BVPS (₹) ⓘ	45.4	42.2	97.1	92.6	95.7	103.5	109.2	113.1	115.5	117.9	183.5
Adj Net Profit ⓘ	-78	-11.3	-33.3	-19.6	-0.2	1.7	23.7	16.7	13.2	10.7	11
Cash Flow from Ops. ⓘ	-76.9	193	49.2	72.5	286	240	129	40.4	185	196	-
Debt/CF from Ops. ⓘ	-11.7	4.2	18.3	13	2.8	2.4	4.3	15.6	4	3.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.2%	1.7%	3.2%	-16.2%
Adj EPS ⓘ	NA	NA	-23.3%	-19.1%
BVPSⓘ	11.2%	4.3%	2.6%	2.1%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-48.4	-7.3	-13.1	-5.5	-0.1	0.4	5.3	3.6	2.8	2.2	1.4
Op. Profit Mgn % ⓘ	4.5	7.7	7.2	8.6	8.3	7.2	10.1	7.8	7	7.9	-12
Net Profit Mgn % ⓘ	-8	-0.8	-3.4	-1.6	-0	0.1	1.6	1	0.7	0.6	0.6
Debt to Equity ⓘ	5.6	5.4	2.5	2.7	2.2	1.3	1.2	1.3	1.5	1.3	0.8
Working Cap Days ⓘ	239	178	228	216	195	181	155	177	163	206	61
Cash Conv. Cycle ⓘ	167	113	144	136	78	30	35	44	43	89	-28

Recent Performance Summary

Sales growth is good in last 4 quarters at 17.44%

Return on Equity has declined versus last 3 years average to 1.40%

Sales growth has been subdued in last 3 years 3.16%

Net Profit has been subdued in last 3 years -23.34%

Debt to equity has increased versus last 3 years average to 1.32

Latest Financials - Godavari Biorefineries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.1	2.4
TTM Sales (₹ Cr.)	1,675	1,687
BVPS (₹.) ⓘ	183.5	185.2
Reserves (₹ Cr.) ⓘ	888	897
P/BV ⓘ	1.92	1.90
PE ⓘ	170.39	146.34

From the Market
52 Week Low / High (₹)	272.75 / 408.25
All Time Low / High (₹)	272.75 / 408.25
Market Cap (₹ Cr.)	1,800
Equity (₹ Cr.)	51.2
Face Value (₹)	10
Industry PE ⓘ	29.5

Management X-Ray of Godavari Biorefin:

Shareholding Pattern

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Promoter's Holding & Share Pledging

Valuation of Godavari Biorefin

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Godavari Biorefin

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	975	1,365	985	1,218	1,542	1,449	1,526	1,691	2,000	1,675
Operating Expenses ⓘ	931	1,260	914	1,116	1,414	1,347	1,372	1,561	1,862	1,544
Manufacturing Costs	92	104	91	129	160	146	161	190	252	178
Material Costs	717	1,030	703	860	1,115	1,064	1,048	1,182	1,377	1,170
Employee Cost	56	64	69	71	76	79	79	93	110	111
Other Costs ⓘ	67	62	51	56	63	58	83	96	123	85
Operating Profit ⓘ	44	105	71	102	128	102	155	130	138	132
Operating Profit Margin (%)	4.5%	7.7%	7.2%	8.4%	8.3%	7.0%	10.1%	7.7%	6.9%	7.9%
Other Income ⓘ	4	6	9	5	13	13	7	7	8	14
Interest ⓘ	84	83	80	88	89	68	72	60	73	76
Depreciation ⓘ	47	43	50	49	50	45	47	48	50	60
Exceptional Items ⓘ	0	0	-10	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-83	-16	-60	-29	3	2	43	29	23	10
Tax ⓘ	-5	-4	-22	-8	1	-1	19	13	11	0
Profit After Tax	-78	-11	-39	-21	2	3	25	16	12	11
PAT Margin (%)	-8.0%	-0.8%	-3.9%	-1.7%	0.1%	0.2%	1.6%	1.0%	0.6%	0.6%
Adjusted EPS (₹)	-21.8	-3.2	-10.5	-5.6	0.6	0.6	5.9	3.9	2.9	2.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	162	151	359	349	367	434	458	474	484	494
Share Capital ⓘ	36	36	37	38	38	42	42	42	42	42
Reserves ⓘ	126	115	322	311	329	392	416	432	442	452
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	861	761	841	889	773	563	496	558	673	560
Long Term Debt	215	230	160	138	135	123	332	325	460	355
Short Term Debt	646	531	681	751	638	440	164	233	213	205
Trade Payables	101	166	116	285	428	361	381	575	400	633
Others Liabilities ⓘ	108	116	122	114	59	62	105	126	183	300
Total Liabilities ⓘ	1,232	1,194	1,438	1,637	1,627	1,421	1,440	1,734	1,741	1,987
Fixed Assets
Gross Block	779	830	739	840	837	923	942	943	1,190	1,232
Accumulated Depreciation	321	364	50	97	145	190	236	277	324	382
Net Fixed Assetsⓘ	458	466	689	743	692	733	706	666	866	849
CWIP ⓘ	30	19	79	6	67	17	9	50	17	29
Investmentsⓘ	6	4	7	14	14	14	14	14	16	16
Inventories	513	474	498	625	567	381	423	652	517	802
Trade Receivables	97	108	61	128	139	121	162	176	206	182
Cash Equivalents	23	34	34	43	35	40	34	38	24	23
Others Assetsⓘ	105	89	71	79	111	116	92	138	95	87
Total Assets ⓘ	1,232	1,194	1,438	1,637	1,627	1,421	1,440	1,734	1,741	1,987

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-77	193	49	72	286	240	129	40	185	196
PBT ⓘ	-78	-16	-60	-29	3	2	43	29	23	10
Adjustment ⓘ	134	128	126	137	129	98	119	99	118	119
Changes in Working Capital ⓘ	-132	81	-16	-35	154	140	-34	-87	45	68
Tax Paid ⓘ	-1	0	0	0	0	0	0	-1	-2	-2
Cash Flow From Investing Activity ⓘ	-51	-26	-100	-29	-54	-28	-8	-47	-217	-45
Capex	-52	-29	-95	-31	-57	-30	-11	-49	-217	-55
Net Investments	0	0	-7	0	0	0	0	0	-2	0
Others ⓘ	1	3	2	1	3	2	2	3	2	10
Cash Flow From Financing Activityⓘ	128	-161	44	-43	-234	-211	-120	7	31	-151
Net Proceeds from Shares ⓘ	97	0	23	12	17	64	0	0	0	0
Net Proceeds from Borrowing ⓘ	-4	-42	-56	-60	-49	85	228	-18	125	-62
Interest Paid ⓘ	-76	-75	-78	-80	-91	-94	-79	-64	-70	-70
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	111	-44	155	85	-110	-267	-269	89	-23	-19
Net Cash Flow ⓘ	0	6	-7	1	-2	0	0	1	-1	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-50.27	-7.22	-15.17	-5.97	0.61	0.63	5.51	3.5	2.5	2.16
ROCE (%)	0.07	6.65	1.73	4.57	7.51	6.41	11.33	8.42	8.26	7.25
Asset Turnover Ratio	0.86	1.17	0.79	0.8	0.94	0.95	1.07	1.07	1.15	0.9
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	143	80	5.16	2.5	15.42	17.82
Working Capital Days
Receivable Days	34	26	30	28	32	33	34	37	35	42
Inventory Days	172	127	170	166	141	119	96	116	107	144
Payable Days	56	47	73	85	117	135	129	148	129	161

Godavari Biorefineries Ltd Stock News

Godavari Biorefineries Ltd FAQs

What is the share price of Godavari Biorefin?

Company share prices are keep on changing according to the market conditions. The closing price of Godavari Biorefin on 18-Dec-2024 12:11 is ₹340.0.

What is the market cap of Godavari Biorefin?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Dec-2024 12:11 the market cap of Godavari Biorefin stood at ₹1,799.9.

What is the P/E ratio of Godavari Biorefin?

The latest P/E ratio of Godavari Biorefin as of 18-Dec-2024 12:11 is 170.4.

What is the P/B ratio of Godavari Biorefin?

The latest P/B ratio of Godavari Biorefin as of 18-Dec-2024 12:11 is 1.92.

What is the 52-week high and low of Godavari Biorefin?

The 52-week high of Godavari Biorefin is ₹408.2 and the 52-week low is ₹272.8.

What is the TTM revenue of Godavari Biorefin?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godavari Biorefin is ₹1,675 ( Cr.) .

About Godavari Biorefineries Ltd

Godavari Biorefineries Limited was originally incorporated as Godavari Investment and Finance Corporation Limited in Mumbai, Maharashtra as a public limited company under the Indian Companies Act, 1913, pursuant to a certificate of incorporation dated January 12, 1956, issued by the Registrar of Companies, Bombay. Subsequently, the name of the company was changed to Godavari Biorefineries Limited and a fresh certificate of incorporation consequent upon change of name was issued to the company by the Registrar of Companies, Maharashtra at Mumbai on November 10, 2006. The sugar, power, chemical and distillery business of The Godavari Sugar Mills Limited (the Business), was demerged into the company on April 21, 2009, with effect from April 1, 2008.

The company is one of the manufacturers of ethanol based chemicals in India and it is an integrated bio-refinery in India. As on March 31, 2024, it was also the largest manufacturer of 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. Its diversified product portfolio comprises of bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavours & fragrances, power, fuel, personalcare and cosmetics.

It utilises sugarcane as a feedstock to manufacture a wide range of products, including sugar, ethanol, bio-based chemicals and power and were among the first few companies in India to utilise sugarcane juice and syrup for the production of ethanol (source: Frost & Sullivan Report). It continuously strives to improve the valorisation of sugarcane through development of down-stream products and increase the diversion of sugarcane towards value added products. For instance, it has been successful in manufacturing a wide range of bio-based chemicals such as ethyl acetate, bio-ethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde, acetaldehyde, bio-acetic acid, butanol, EVE, and paraldehyde. It is also in the process of exploring the utilisation of grains to manufacture grain-based ethanol.

Business area of the company

The company is one of the manufacturers of ethanol based chemicals in India. Its diversified product portfolio comprises of bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavours & fragrances, power, fuel, personal care and cosmetics. Godavari Biorefineries and its subsidiaries are principally engaged in the manufacturing of sugar, distillery, bio-based chemicals, power generation and other bio products.

Awards, accreditations or recognitions

2011: The company received the ‘Best Cane Development Award’ from The South Indian Sugarcane & Sugar Technologists’ Association.
2013: The company received the ‘Golden award for best distillery for the season 2013-2014’ from The South Indian Sugarcane & Sugar Technologists’ Association.
2014: The company received the ‘Certificate of Merit for the outstanding export performance in chemical panel’ Award from CHEMEXCIL.
2015: The company received the ‘District Exporter Award, Bagalkot’ from the Federation of Karnataka Chambers of Commerce and Industry.
2015: The company received the ‘Water Resource Management in Chemical Industry’ Award from the Indian Chemical Council.
2016: The company received the ‘FICCI Efficiency in Water Usage-Chemicals’ Award from FICCI.
2016: The company received the First Prize in the ‘Best Safe Industrial Boiler’ category for adopting best safe practices in the year 2015 from the Karnataka State Safety Institute, Government of Karnataka in 2016.
2016: The company received the ‘Best Overall Performance Private Sugar Mill Award from Bhartiya Sugar.
2018: The company received the runner up award for ‘Outstanding Renewable Energy Generation-Bio-Energy’ from the Indian Federation of Green Energy.
2019: The company received the ‘State Export Excellence’ Award 2016-17 from the Department of Commerce and Industries.
2019: The company received the certificate of participation ‘ENVOSAFE EHS Excellence Award 2019’ from the DY. Director, industrial safety and health.
2019: The company received the ‘Outstanding Renewable Energy Generation-Biofuel’ from the Indian Federation of Green Energy.
2019: The company received the ‘Best District Exporter Award, Bagalkot’ from the Federation of Karnataka Chambers of Commerce and Industry.
2021: The company received the ‘Efficiency in Boiler Maintenance-Best Combined Heat and Power Plant Boiler’ Award from the Department of Factories, Boilers, Industrial Safety and Health, Bengaluru.
2021: The company received the certificate that it is compliant with the requirements of ‘Bonsucro standards: Bonsucro Mass Balance Chain of Custody Standard V 5.1’ from the SCS Global Services.
2021: The company received the management system certificate that it conforms to the environment management system standard ‘American Chemistry Council Technical Specification RC 14001:2015 and ISO 14001:2015’ issued by the ANSI National Accreditation Board.
2021: The company received the ‘Silver award for best distillery for the season 2019-20’ from the South Indian Sugarcane & Sugar Technologists’ Association.
2021: The company received the ‘Outstanding Renewable Energy Generation Projects-Biofuel’ from the Indian Federation of Green Energy.
2021: The company received the ‘Excellence in Manufacturing in Chemicals’ award at the India@75: Chemical and Petrochemical Industry Awards 2021 from the Federation of Indian Chambers of Commerce & Industry.
2021: The company received the ‘Silver medal -Ecovadis Sustainability Rating’ from Ecovadis.
2022: The company received the ‘Platinum Award for Best Sugarcane Development for the season 2021-2022’ from the South Indian Sugarcane & Sugar Technologists’ Association.
2023: The company received the FICCI Chemicals and Petrochemicals Awards 2023 for ‘Excellence in Corporate Environment Responsibility in Chemicals’.
2023: The company received the ‘Best Technical Efficiency Award (Private Sugar Factory)’ for season 2022-23 from S. Nijalingappa Sugar Institute, Belagavi.
2024: The company received the ‘4th India Green Energy Award’ in the category of ‘Bioenergy - Outstanding Chemical Process Based Project - Ethanol’ from the Indian Federation of Green Energy.
2024: The company received the ‘Quality Excellence Award–2023-24 (Domestic)’ from one of its customers.

History and milestones

1940: Commencement of business in the manufacture and sale of sugar by the Godavari Sugar Mills.
1962: Commencement of production and sale of denatured and rectified spirit.
1962: Commenced the production of chemicals namely acetic acid.
1973: Commencement of manufacture of sugar at Sameerwadi Manufacturing Facility.
1985: Commencement of manufacture of alcohol from molasses at Sameerwadi Manufacturing Facility.
1993: Consent to set up an ethyl acetate plant at the Sakarwadi Manufacturing Facility.
2003: Amalgamation of Somaiya Organo-Chemicals Limited with The Godavari Sugar Mills Limited, with an appointed date of April 1, 2001.
2004: Consent to manufacture of crotonaldehyde.
2005: Receipt of ISO 9001:2000 certification for the Sakarwadi Manufacturing Facility for the manufacturing, and marketing of ethyl alcohol, acetaldehyde, acetic acid, ethyl acetate and sorbic acid.
2008: Received environmental clearance for expansion of the distillery unit at the Sameerwadi Manufacturing Facility with capacity to manufacture 200 KLPD of rectified spirits and 150 KLPD of fuel ethanol.
2009: Incorporation of foreign wholly owned Subsidiary, Cayuga Investments B.V. in Netherlands and two step-down Subsidiaries, Godavari Biorefineries B.V. in Netherlands and Godavari Biorefineries Inc., in United States of America.
2010: The sugar, power, chemical and distillery business of The Godavari Sugar Mills Limited, a member of the Somaiya group, was demerged into the Company on April 21, 2009 with an appointed date of April 1, 2008.
2011: Consent from Karnataka State Pollution Control Board for manufacturing 200 KLPD rectified spirits and 140 KLPD of extra neutral alcohol at the Sameerwadi Manufacturing Facility.
2014: Launch of brand ‘Jivana’ in the retail market and introduced Jivana sugar and salt.
2015: Investment by Mandala Capital AG Limited in the Company.
2016: Commencement of manufacturing and sale of chemicals such as MPO and 1, 3 butylene glycol at Sakarwadi Manufacturing Facility.
2017: Receipt of ISO 9001:2008 certification for the Manufacturing Facilities for marketing, manufacturing and supply of acetaldehyde, ethyl alcohol, ethyl acetate, crotonaldehyde, MPO, 1,3 BG and paraldehyde.
2019: Receipt of RC 14001:2015 and ISO 14001:2015 certification for the Sakarwadi Manufacturing Facility for the manufacturing and sales of alcohol base chemicals and specialty chemicals.
2021: Receipt of environmental clearance for expansion of distillery capacity from 320 KLPD to 400 KLPD at the Sameerwadi Manufacturing Facility.
2022: Receipt of environmental clearance for expansion of ethanol capacity from 400 KLPD to 600 KLPD using sugarcane syrup and for the expansion of sugarcane crushing capacity from 15,000 TCD to 20,000 TCD at the Sameerwadi Manufacturing Facility.
2022: Receipt of environmental clearance for expansion of distillery capacity from 400 KLPD to 600 KLPD at the Sameerwadi Manufacturing Facility and for manufacturing a wider range of speciality chemicals including 1,3 BG, cellulose, EVE, lignosulphonate and bio-composite.
2023: Receipt of consent to operate from the Maharashtra Pollution Control Board in relation to manufacture of certain additional bio-based chemicals at the Sakarwadi Manufacturing Facility.
2024: Receipt of environmental clearance for expansion of distillery capacity from 600 KLPD to 1,000 KLPD using sugarcane syrup or 400 KLPD to 600 KLPD using B heavy molasses or 320 KLPD to 400 KLPD using C heavy molasses and 200 KLPD grain based/ sugarbeet as raw material to produce ethanol and to enhance captive power plant from 14 MW to 22 MW and expansion of sugarcane crushing capacity from 20,000 TCD to 25,000 TCD.