Godfrey Phillips India Ltd

Godfrey Phillips India Ltd

₹ 8,350 -2.40%
22 May 4:01 p.m.
About

Godfrey Phillips India is one of the leading FMCG Companies in India - flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and 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 43,401 Cr.
  • Current Price 8,350
  • High / Low 9,257 / 3,306
  • Stock P/E 38.6
  • Book Value 848
  • Dividend Yield 0.67 %
  • ROCE 33.2 %
  • ROE 27.2 %
  • 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 28.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.5%

Cons

  • Stock is trading at 9.85 times its book value
  • Working capital days have increased from 57.8 days to 97.6 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
723 827 1,019 917 797 1,043 1,159 1,244 853 1,164 1,381 1,590 1,572
558 621 783 714 640 794 936 1,025 676 910 1,115 1,229 1,303
Operating Profit 164 206 236 203 157 249 223 219 177 254 266 361 270
OPM % 23% 25% 23% 22% 20% 24% 19% 18% 21% 22% 19% 23% 17%
24 2 43 78 44 128 38 126 87 40 103 96 99
Interest 11 6 7 7 9 7 7 6 4 6 5 3 4
Depreciation 36 38 38 38 37 36 36 35 27 35 31 27 41
Profit before tax 141 164 234 237 155 334 219 304 233 254 334 427 325
Tax % 26% 17% 25% 23% 26% 12% 25% 19% 23% 12% 26% 22% 26%
104 136 175 182 115 294 163 246 178 223 247 332 241
EPS in Rs 19.98 26.19 33.65 35.03 22.14 56.45 31.42 47.23 34.32 42.94 47.48 63.92 46.30
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
2,477 2,585 2,325 2,386 2,312 2,477 2,853 2,490 2,674 3,560 4,390 5,602
2,099 2,225 2,003 2,138 2,052 2,096 2,261 1,973 2,047 2,759 3,525 4,442
Operating Profit 378 360 322 249 260 381 593 516 627 802 865 1,160
OPM % 15% 14% 14% 10% 11% 15% 21% 21% 23% 23% 20% 21%
-8 33 36 47 72 79 106 118 110 168 390 333
Interest 29 19 10 3 2 1 30 31 34 29 26 12
Depreciation 87 102 102 94 96 96 152 138 142 151 143 120
Profit before tax 255 271 246 198 234 363 516 465 562 790 1,087 1,361
Tax % 33% 33% 30% 31% 31% 34% 25% 23% 23% 23% 19% 23%
171 183 172 136 161 241 388 357 432 608 881 1,043
EPS in Rs 32.82 35.21 33.02 26.22 30.92 46.35 74.60 68.65 83.08 117.01 169.41 200.64
Dividend Payout % 24% 23% 24% 31% 26% 17% 32% 35% 34% 38% 33% 30%
Compounded Sales Growth
10 Years: 8%
5 Years: 14%
3 Years: 28%
TTM: 28%
Compounded Profit Growth
10 Years: 21%
5 Years: 28%
3 Years: 45%
TTM: 53%
Stock Price CAGR
10 Years: 33%
5 Years: 54%
3 Years: 91%
1 Year: 112%
Return on Equity
10 Years: 17%
5 Years: 20%
3 Years: 22%
Last Year: 27%

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
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
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
239 277 130 72 27 41 356 395 336 354 344 178
505 475 402 416 582 707 681 707 787 996 1,160 1,428
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
665 636 666 672 623 665 982 999 948 898 853 692
CWIP 45 65 49 13 18 14 17 26 42 21 10 21
Investments 355 322 401 500 895 1,143 1,190 1,476 1,719 2,364 2,582 2,389
842 1,021 925 895 780 822 909 1,018 1,138 1,255 1,900 2,912
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

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 14 34
Inventory Days 214 246 232 166 157 194 179 201 225 175 206 217
Days Payable 54 50 44 47 53 99 73 72 77 77 71 57
Cash Conversion Cycle 175 214 204 146 117 105 114 147 169 114 149 193
Working Capital Days 31 62 70 65 22 6 18 39 41 20 56 98
ROCE % 22% 18% 14% 12% 10% 16% 21% 15% 17% 21% 24% 33%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.83% 72.83% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58% 72.58%
10.28% 9.87% 9.89% 10.05% 10.05% 9.93% 10.13% 10.76% 10.83% 10.80% 10.63% 9.72%
1.61% 1.62% 1.61% 1.62% 1.49% 1.55% 1.55% 1.52% 1.90% 1.97% 1.99% 3.29%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
15.24% 15.62% 15.86% 15.69% 15.83% 15.88% 15.68% 14.67% 14.24% 14.19% 14.43% 14.36%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.41% 0.41% 0.33% 0.00%
No. of Shareholders 29,94131,55340,73944,38644,56638,93641,64038,48939,11673,82678,18974,994

* 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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