Buy Godrej Industries - Motilal Oswal

Godrej Industries Limited (GDSP IN; Mkt Cap USD 1.3 bn , CMP Rs 178 Buy)

GIL will be the biggest beneficiary of growth opportunities available in Godrej Properties Ltd (GIL)& Godrej Consumer Products Ltd.(GCPL), through its ~69% holding in GPL & 22% holding in GCPL.

Most of the unlisted entities & core businesses of GIL and its investments have reasonable growth potential and are generating free cash flows.

Oil Palm Plantation business can grow multifold.

Revenues are likely to rise over FY10-FY12E at 27% CAGR with earnings growth of 43% CAGR.

Source : Equity Bulls

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