Published: 22nd Oct 2024
By: Value Research
Godavari Biorefineries is one of the leading producers of ethanol-based chemicals in India. The company was among the first few in India to use sugarcane juice and syrup in the production of ethanol.
Godavari Biorefineries boasts a strong clientele consisting of prominent players like Hershey’s India, Hindustan Coca-Cola Beverages and major oil marketers.
Godavari Biorefineries’s financials largely depend on the sale of ethanol, which comprises nearly 30% of its revenue. Second, the company has kept its operating margins quite low, around 4-5%. To know why these factors can hamper the company’s profitability, read the full analysis by heading to the link below.