Gillette India Ltd

Gillette India Ltd

₹ 6,458 -0.75%
26 Feb - close price
About

Gillette India Limited is a public company incorporated under the provisions of the Companies Act 1956. The company is engaged in manufacturing and selling of packaged fast moving goods under its various brands in the grooming and oral care segment.

Gillette sells razors n blades, shaving gel, shaving cream and after shave through various modes like drug stores, department stores, grocery stores, mass merchandisers, membership club stores. [1]

Key Points

Portfolio of well known Brands
Gillette has a bouquete of well recognised brands under which it sells its various products. Fusion5, SkinGuard Sensitive, MACH3, Guard3, Styler & Presto. [1]

  • Market Cap 21,047 Cr.
  • Current Price 6,458
  • High / Low 7,336 / 4,135
  • Stock P/E 53.8
  • Book Value 316
  • Dividend Yield 1.32 %
  • ROCE 52.0 %
  • ROE 38.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.7%
  • Company has been maintaining a healthy dividend payout of 93.5%

Cons

  • Stock is trading at 20.4 times its book value
  • The company has delivered a poor sales growth of 8.12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
520 537 436 573 563 567 553 620 619 619 619 668 639
385 396 384 448 449 435 441 484 493 485 476 531 484
Operating Profit 135 141 52 125 114 132 112 136 126 134 144 137 156
OPM % 26% 26% 12% 22% 20% 23% 20% 22% 20% 22% 23% 20% 24%
4 21 3 3 2 1 2 3 3 12 5 9 7
Interest 2 0 3 0 2 5 2 0 3 1 3 0 3
Depreciation 14 15 15 16 16 18 19 18 19 22 22 20 21
Profit before tax 123 146 38 112 97 110 92 120 106 123 124 125 139
Tax % 34% 28% 27% 27% 27% 37% 27% 28% 30% 16% 26% 26% 25%
82 106 28 82 70 69 68 87 74 103 92 93 104
EPS in Rs 25.13 32.43 8.45 25.14 21.64 21.27 20.74 26.63 22.85 31.52 28.16 28.45 31.90
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 TTM
1,220 1,424 1,662 1,875 1,755 1,733 1,677 1,862 1,679 1,982 2,256 2,477 2,546
1,112 1,290 1,589 1,684 1,448 1,348 1,290 1,478 1,319 1,522 1,773 1,937 1,976
Operating Profit 108 134 73 191 306 385 387 384 360 460 483 540 570
OPM % 9% 9% 4% 10% 17% 22% 23% 21% 21% 23% 21% 22% 22%
33 36 38 68 50 34 8 11 11 32 7 22 32
Interest 0 0 0 5 6 7 7 8 5 5 11 8 7
Depreciation 24 31 33 39 30 38 42 48 51 58 68 81 84
Profit before tax 117 138 78 215 320 374 345 339 314 429 411 473 511
Tax % 35% 37% 34% 26% 33% 32% 34% 25% 27% 28% 30% 25%
76 87 51 158 214 253 229 253 230 310 289 356 391
EPS in Rs 23.24 26.75 15.78 48.53 65.73 77.67 70.29 77.62 70.64 95.25 88.79 109.15 120.03
Dividend Payout % 65% 56% 95% 31% 60% 211% 33% 57% 69% 125% 78% 78%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 14%
TTM: 8%
Compounded Profit Growth
10 Years: 15%
5 Years: 9%
3 Years: 16%
TTM: 31%
Stock Price CAGR
10 Years: 13%
5 Years: 0%
3 Years: 5%
1 Year: 36%
Return on Equity
10 Years: 31%
5 Years: 34%
3 Years: 37%
Last Year: 38%

Balance Sheet

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Dec 2023
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 587 617 611 710 904 468 662 746 879 756 829 956 998
0 0 0 0 0 0 0 0 0 0 0 0 0
424 390 411 468 488 498 515 432 441 606 758 927 780
Total Liabilities 1,043 1,039 1,054 1,210 1,424 998 1,209 1,210 1,352 1,395 1,619 1,916 1,811
151 170 173 156 178 214 264 300 296 310 363 389 375
CWIP 38 30 61 63 88 63 40 25 21 72 65 32 26
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
854 839 821 991 1,158 721 904 886 1,034 1,013 1,191 1,494 1,410
Total Assets 1,043 1,039 1,054 1,210 1,424 998 1,209 1,210 1,352 1,395 1,619 1,916 1,811

Cash Flows

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
141 29 96 172 279 248 237 134 225 443 462 463
-42 78 -36 -103 155 14 -77 -65 -29 -79 -112 -67
-57 -57 -57 -58 -79 -684 -39 -165 -105 -430 -225 -231
Net Cash Flow 42 51 3 12 356 -422 121 -95 91 -66 125 164

Ratios

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
Debtor Days 21 24 20 23 23 27 38 36 41 36 43 47
Inventory Days 140 131 104 87 104 103 105 104 136 152 130 127
Days Payable 189 122 116 116 137 150 173 126 138 169 193 209
Cash Conversion Cycle -28 33 9 -6 -10 -19 -30 15 40 19 -20 -35
Working Capital Days 67 48 27 49 -10 -17 -18 15 35 14 -0 -3
ROCE % 19% 22% 12% 35% 39% 54% 60% 48% 38% 51% 51% 52%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.04% 2.08% 2.10% 2.11% 2.17% 2.18% 2.34% 2.50% 1.52% 0.66% 0.61% 0.64%
10.69% 10.68% 10.54% 10.49% 10.34% 10.43% 10.37% 10.16% 10.78% 11.29% 11.08% 11.22%
12.27% 12.25% 12.36% 12.41% 12.50% 12.39% 12.31% 12.35% 12.71% 13.06% 13.32% 13.15%
No. of Shareholders 47,66248,27648,21749,86951,03149,76247,76247,61548,18950,90650,83649,675

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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