Godavari Biorefineries Ltd
About
Godavari Biorefineries started as Godavari Investment and Finance Corporation Limited in Mumbai in 1913 and worked under the same name till 2006. The business of the Godavari Sugar Mills Limited was then demerged into Godavari Refineries in 2008, and it has since manufactured products like sugar, ethanol, hand sanitisers, chemicals, natural wax, renewable energy, and food products, such as spices, sweeteners, and salt. It currently operates two manufacturing facilities, out of which one is in Bagalkot, referred to as the Sameerwadi manufacturing facility, and another in Ahmednagar, called the Sakarwadi manufacturing facility. The Sameerwadi facility is involved in producing rectified spirits and ethanol, sugar, and power, while the Sakarwadi facility is engaged in producing bio-based chemicals. With its diverse range of products, Godavari Biorefineries have catered to industries like adhesives and lubricants, electronics, food and beverages, personal care and cosmetics, pharmaceuticals, textile and leather, and agriculture, among others.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2070 5.4% | 1963 12.1% | 1752 10.6% | 1584 22.7% | 1291 -13.7% | 1495 10.6% | 1351 33.0% | 1016 -24.9% | 1352 26.1% | 1073 2.1% | 1051 -15.7% | 1245 18.0% | 1055 -11.1% | 1187 - |
| Net Operating Income (INR Cr) | 1687 -16.28% | 2015 18.35% | 1702 10.67% | 1538 5.42% | 1459 0.00% | 1542 26.62% | 1218 23.64% | 1006 -27.39% | 1386 43.84% | 964 0.00% | 1212 1.41% | 1195 30.84% | 913 -26.30% | 1239 0.00% |
| Profit (INR Cr) | 12 -37.4% | 20 0.9% | 19 -28.3% | 27 568.7% | 4 86.2% | 2 - | -21 - | -48 - | -16 - | -78 - | -32 - | 4 -35.7% | 6 59.0% | 4 - |
| Assets (INR Cr) | 1159 -5.6% | 1228 10.4% | 1113 8.3% | 1028 -0.2% | 1029 -11.4% | 1162 -10.4% | 1297 31.9% | 983 7.8% | 912 -14.5% | 1066 34.4% | 793 -20.0% | 991 -1.2% | 1004 7.8% | 931 - |
| Net Worth (INR Cr) | 501 2.3% | 489 3.4% | 473 4.3% | 454 6.3% | 427 0.0% | 367 5.3% | 349 -2.8% | 116 -18.8% | 143 -11.5% | 162 0.0% | 148 -17.9% | 180 1.1% | 178 1.1% | 176 0.0% |
| Employee Cost (INR Cr) | 111 0.9% | 110 17.9% | 93 17.4% | 79 0.4% | 79 3.7% | 76 7.7% | 71 -3.0% | 73 8.8% | 67 19.4% | 56 12.9% | 50 -8.4% | 54 38.7% | 39 -31.1% | 57 - |
| Interest Cost (INR Cr) | 76 | 73 | 60 | 72 | 69 | 89 | 88 | 80 | 84 | 84 | 100 | 86 | 63 | 73 |
| Cash & Bank Balance (INR Cr) | 33 | 45 | 47 | 40 | 44 | 35 | 43 | 38 | 36 | 37 | 10 | 8 | 8 | 7 |
| Total Debt (INR Cr) | 655 | 736 | 637 | 569 | 589 | 788 | 938 | 859 | 766 | 903 | 623 | 798 | 810 | 739 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.6% | 1.0% | 1.1% | 1.7% | 0.3% | 0.2% | - | - | - | - | - | 0.3% | 0.6% | 0.3% |
| Profit As % Of Assets | 1.1% | 1.6% | 1.8% | 2.6% | 0.4% | 0.2% | - | - | - | - | - | 0.4% | 0.6% | 0.4% |
| Profit As % Of Networth | 2.5% | 4.0% | 4.1% | 6.0% | 1.0% | 0.6% | - | - | - | - | - | 2.2% | 3.5% | 2.2% |
| Interest Cost to EBITDA % | 56.6% | 49.8% | 45.3% | 45.9% | 66.5% | 69.3% | 85.7% | 133.9% | 83.2% | 191.9% | 95.6% | 72.3% | 65.4% | 68.1% |
| Debt to Equity Ratio | 1.31 | 1.50 | 1.35 | 1.25 | 1.38 | 2.15 | 2.69 | 7.38 | 5.34 | 5.57 | 4.21 | 4.43 | 4.54 | 4.19 |
| RONW | 2.5% | 4.1% | 4.2% | 6.2% | 0.1% | -0.2% | - | - | - | - | - | -0.9% | 4.7% | 2.2% |
| ROCE | 7.4% | 8.9% | 8.7% | 11.5% | 6.6% | 7.2% | 4.5% | 0.0% | 0.0% | 0.0% | 7.6% | 8.5% | 10.1% | 8.4% |