Godfrey Phillips India Ltd

Godfrey Phillips India Ltd

₹ 3,025 0.86%
11 Nov - close price
About

Gndia is one of the leading FMCG Companies in India - flagship company distribute the renowned Marlboro brand in India. [1]

Key Points

Market Position
The company is a part of the KK Modi Group and one of the leading FMCG Companies in India. [1] It has a market share of ~14% in the domestic cigarette business. [2]

  • Market Cap 47,160 Cr.
  • Current Price 3,025
  • High / Low 3,947 / 1,371
  • Stock P/E 37.5
  • Book Value 306
  • Dividend Yield 1.05 %
  • ROCE 29.4 %
  • ROE 22.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 39.3%

Cons

  • Stock is trading at 9.87 times its book value
  • Earnings include an other income of Rs.455 Cr.
  • Working capital days have increased from 49.4 days to 82.4 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,019 917 797 1,043 1,159 1,244 853 1,082 1,358 1,590 1,572 1,480 1,290
783 714 640 794 936 1,025 676 824 1,086 1,229 1,303 1,152 980
Operating Profit 236 203 157 249 223 219 177 258 271 361 270 328 310
OPM % 23% 22% 20% 24% 19% 18% 21% 24% 20% 23% 17% 22% 24%
43 78 44 128 38 126 87 43 95 96 99 157 103
Interest 7 7 9 7 7 6 4 3 3 3 4 3 3
Depreciation 38 38 37 36 36 35 27 26 26 27 41 27 28
Profit before tax 234 237 155 334 219 304 233 273 337 427 325 455 382
Tax % 25% 23% 26% 12% 25% 19% 23% 18% 27% 22% 26% 20% 20%
175 182 115 294 163 246 178 223 247 332 241 365 304
EPS in Rs 11.21 11.68 7.38 18.82 10.47 15.74 11.44 14.31 15.82 21.30 15.43 23.40 19.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,477 2,585 2,325 2,386 2,312 2,477 2,853 2,490 2,674 3,560 3,988 5,602 5,932
2,099 2,225 2,003 2,138 2,052 2,096 2,261 1,973 2,047 2,759 3,112 4,442 4,663
Operating Profit 378 360 322 249 260 381 593 516 627 802 876 1,160 1,269
OPM % 15% 14% 14% 10% 11% 15% 21% 21% 23% 23% 22% 21% 21%
-8 33 36 47 72 79 106 118 110 168 343 333 455
Interest 29 19 10 3 2 1 30 31 34 29 13 12 12
Depreciation 87 102 102 94 96 96 152 138 142 151 105 120 123
Profit before tax 255 271 246 198 234 363 516 465 562 790 1,101 1,361 1,589
Tax % 33% 33% 30% 31% 31% 34% 25% 23% 23% 23% 20% 23%
171 183 172 136 161 241 388 357 432 608 881 1,043 1,242
EPS in Rs 10.94 11.74 11.00 8.74 10.31 15.45 24.86 22.88 27.69 39.00 56.46 66.87 79.65
Dividend Payout % 24% 23% 24% 31% 26% 17% 32% 35% 34% 38% 33% 47%
Compounded Sales Growth
10 Years: 8%
5 Years: 14%
3 Years: 28%
TTM: 31%
Compounded Profit Growth
10 Years: 18%
5 Years: 23%
3 Years: 35%
TTM: 30%
Stock Price CAGR
10 Years: 25%
5 Years: 59%
3 Years: 75%
1 Year: 37%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 20%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 31
Reserves 1,153 1,282 1,499 1,581 1,697 1,886 2,050 2,406 2,713 3,178 3,831 4,399 4,749
239 277 130 72 27 41 356 395 336 354 344 177 174
505 475 402 416 582 707 681 707 787 996 1,160 1,428 1,954
Total Liabilities 1,908 2,044 2,041 2,080 2,316 2,644 3,097 3,518 3,846 4,538 5,346 6,015 6,907
665 636 666 672 623 665 982 999 948 898 853 692 687
CWIP 45 65 49 13 18 14 17 26 42 21 10 21 83
Investments 355 322 401 500 895 1,143 1,190 1,476 1,719 2,364 2,582 2,389 2,686
842 1,021 925 895 780 822 909 1,018 1,138 1,255 1,900 2,912 3,452
Total Assets 1,908 2,044 2,041 2,080 2,316 2,644 3,097 3,518 3,846 4,538 5,346 6,015 6,907

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
290 63 326 248 514 352 377 300 482 739 270 115
-135 -32 -126 -131 -409 -312 -70 -318 -232 -536 60 403
-158 -31 -200 -120 -96 -39 -299 7 -238 -206 -342 -509
Net Cash Flow -3 1 0 -3 9 0 7 -11 12 -3 -12 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 15 18 16 27 14 10 9 18 21 15 16 34
Inventory Days 214 246 232 166 157 194 179 201 225 175 232 217
Days Payable 54 50 44 47 53 99 73 72 77 77 68 57
Cash Conversion Cycle 175 214 204 146 117 105 114 147 169 114 180 193
Working Capital Days 23 37 62 58 18 -1 18 23 31 12 54 82
ROCE % 22% 18% 14% 12% 10% 16% 21% 15% 17% 21% 25% 29%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58%
9.89% 10.05% 10.05% 9.93% 10.13% 10.76% 10.83% 10.80% 10.63% 9.72% 9.32% 7.94%
1.61% 1.62% 1.49% 1.55% 1.55% 1.52% 1.90% 1.97% 1.99% 3.29% 3.85% 4.12%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.02%
15.86% 15.69% 15.83% 15.88% 15.68% 14.67% 14.24% 14.19% 14.43% 14.36% 14.21% 15.33%
0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.41% 0.41% 0.33% 0.00% 0.00% 0.00%
No. of Shareholders 40,73944,38644,56638,93641,64038,48939,11673,82678,18974,99463,7141,12,766

* 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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