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Below is the interview of Adi Godrej with CNBC-TV18's Menaka Doshi
Q: I know you have just arrived in Davos. So, I won't ask you for what you are picking up in terms of the mood here but what are you hoping to focus on in the various business meetings that you have lined up through the course of the next week.
A: The big thing is that the global economy is coming back on track. US growth is being restored. Europe is also not doing too badly and next year should be better for developing countries than the last year, especially with elections in many countries, including ours.
Q: I think that is the sort of the view that is being echoed by most of the business leaders I have been in conversation with that this is going to be the year of recovery. It may not be a sharp up move but at least the decline has ended so far. Focusing on India where do you think we stand in the macro economy today? The investment cycle hasn't still picked up, there were serious concerns about the consumption cycle. We seem to be making a lot of last quick dash moves to fix the fiscal deficit but I am not sure how successful they would be. What is your assessment of where we are?
A: Some of the things the government has done over the last six months is certainly good, especially the fiscal deficit containment and the current account deficit containment. That will play out in better economic performance in the months to come but the fact is that because of lack of investment over the last couple of years growth has slowed down, consumption has also slowed down and we will need to have kick start. The best kickstart we can give to the economy to my mind is if the new government brings in the GST at an early date.
Godrej Ind stock price
On January 24, 2014, Godrej Industries closed at Rs 268.90, down Rs 13.05, or 4.63 percent. The 52-week high of the share was Rs 324.50 and the 52-week low was Rs 218.50.
The company's trailing 12-month (TTM) EPS was at Rs 6.25 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 43.02. The latest book value of the company is Rs 48.42 per share. At current value, the price-to-book value of the company is 5.55.
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