Godfrey Phillips India Ltd

₹ 3,011 0.43%

19 Apr 11:48 a.m.

godfreyphillips.com BSE: 500163 NSE : GODFRYPHLP

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

Revenue Breakup FY23^[1]
Tobacco: 90% (Domestic:67% , Export:23%)
Consumer & Retail: 10%

Website BSE NSE

Market Cap ₹ 15,655 Cr.
Current Price ₹ 3,011
High / Low ₹ 3,688 / 1,605
Stock P/E 19.1
Book Value ₹ 656
Dividend Yield 1.48 %
ROCE 20.9 %
ROE 17.2 %
Face Value ₹ 2.00

Add ratio to table

Edit ratios

Pros

Company has been maintaining a healthy dividend payout of 35.4%
Company's working capital requirements have reduced from 33.2 days to 19.9 days

Cons

The company has delivered a poor sales growth of 9.02% over past five years.
Earnings include an other income of Rs.336 Cr.

* 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.

Peer comparison

Sector: Tobacco Products Industry: Cigarettes

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	692	701	607	640	705	723	827	1,019	917	797	1,043	1,159	1,244
	536	543	463	496	530	558	621	783	714	640	794	936	1,025
Operating Profit	156	157	144	143	175	164	206	236	203	157	249	223	219
OPM %	23%	22%	24%	22%	25%	23%	25%	23%	22%	20%	24%	19%	18%
	36	17	25	34	27	24	2	43	78	44	128	38	126
Interest	7	9	7	8	8	11	6	7	7	9	7	7	6
Depreciation	33	38	34	35	37	36	38	38	38	37	36	36	35
Profit before tax	152	126	128	135	158	141	164	234	237	155	334	219	304
Tax %	25%	24%	15%	25%	25%	26%	17%	25%	23%	26%	12%	25%	19%
	114	95	108	102	118	104	136	175	182	115	294	163	246
EPS in Rs	21.96	18.35	20.79	19.62	22.69	19.98	26.19	33.65	35.03	22.14	56.45	31.42	47.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	1,910	2,095	2,477	2,585	2,325	2,386	2,312	2,477	2,853	2,490	2,674	3,560	4,243
	1,588	1,773	2,099	2,225	2,003	2,138	2,052	2,096	2,261	1,973	2,047	2,759	3,395
Operating Profit	323	322	378	360	322	249	260	381	593	516	627	802	848
OPM %	17%	15%	15%	14%	14%	10%	11%	15%	21%	21%	23%	23%	20%
	29	30	-8	33	36	47	72	79	106	118	110	168	336
Interest	32	27	29	19	10	3	2	1	30	31	34	29	28
Depreciation	63	88	87	102	102	94	96	96	152	138	142	151	144
Profit before tax	257	237	255	271	246	198	234	363	516	465	562	790	1,012
Tax %	30%	28%	33%	33%	30%	31%	31%	34%	25%	23%	23%	23%
	181	169	171	183	172	136	161	241	388	357	432	608	818
EPS in Rs	34.88	32.59	32.82	35.21	33.02	26.22	30.92	46.35	74.60	68.65	83.08	117.01	157.24
Dividend Payout %	23%	25%	24%	23%	24%	31%	26%	17%	32%	35%	34%	38%

Compounded Sales Growth
10 Years:	5%
5 Years:	9%
3 Years:	8%
TTM:	22%

Compounded Profit Growth
10 Years:	13%
5 Years:	34%
3 Years:	16%
TTM:	37%

Stock Price CAGR
10 Years:	16%
5 Years:	21%
3 Years:	52%
1 Year:	73%

Return on Equity
10 Years:	13%
5 Years:	15%
3 Years:	15%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	911	1,031	1,153	1,282	1,499	1,581	1,697	1,886	2,050	2,406	2,713	3,178	3,403
	330	304	239	277	130	72	27	41	356	395	336	354	345
	386	443	505	475	402	416	582	707	681	707	787	996	1,112
Total Liabilities	1,637	1,788	1,908	2,044	2,041	2,080	2,316	2,644	3,097	3,518	3,846	4,538	4,870
	527	699	665	636	666	672	623	665	982	999	948	898	866
CWIP	137	15	45	65	49	13	18	14	17	26	42	21	18
Investments	358	319	355	322	401	500	895	1,143	1,190	1,476	1,719	2,364	2,402
	614	756	842	1,021	925	895	780	822	909	1,018	1,138	1,255	1,584
Total Assets	1,637	1,788	1,908	2,044	2,041	2,080	2,316	2,644	3,097	3,518	3,846	4,538	4,870

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	206	184	290	63	326	248	514	352	377	300	482	739
	-225	-78	-135	-32	-126	-131	-409	-312	-70	-318	-232	-536
	4	-106	-158	-31	-200	-120	-96	-39	-299	7	-238	-206
Net Cash Flow	-15	-1	-3	1	0	-3	9	0	7	-11	12	-3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	14	14	15	18	16	27	14	10	9	18	21	15
Inventory Days	180	244	214	246	232	166	157	194	179	201	225	175
Days Payable	57	71	54	50	44	47	53	99	73	72	77	77
Cash Conversion Cycle	137	187	175	214	204	146	117	105	114	147	169	114
Working Capital Days	23	37	31	62	70	65	22	6	18	39	41	20
ROCE %	23%	18%	22%	18%	14%	12%	10%	16%	21%	15%	17%	21%

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%
	10.26%	10.36%	10.16%	10.16%	10.28%	9.87%	9.89%	10.05%	10.05%	9.93%	10.13%	10.77%
	1.67%	1.66%	1.64%	1.62%	1.61%	1.62%	1.61%	1.62%	1.49%	1.55%	1.55%	1.53%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	15.20%	15.10%	15.32%	15.35%	15.24%	15.62%	15.86%	15.69%	15.83%	15.88%	15.68%	14.67%
No. of Shareholders	37,842	32,580	30,611	30,067	29,941	31,553	40,739	44,386	44,566	38,936	41,640	38,489

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	72.19%	72.19%	72.19%	72.19%	72.78%	72.83%	72.58%	72.58%
	10.78%	11.92%	12.36%	11.70%	10.55%	10.16%	10.05%	10.77%
	0.38%	1.56%	2.00%	2.18%	1.89%	1.62%	1.62%	1.53%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	16.60%	14.28%	13.40%	13.89%	14.73%	15.35%	15.69%	14.67%
No. of Shareholders	20,000	20,977	18,415	21,651	36,969	30,067	44,386	38,489

* 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.

Documents

Announcements

All

Annual reports

Credit ratings

Concalls

Jan 2024

Transcript

Notes
PPT
Nov 2023

Transcript

Notes
PPT
Jul 2023

Transcript

Notes
PPT
May 2023

Transcript

Notes
PPT
Jan 2023

Transcript

Notes
PPT
Nov 2022

Transcript

Notes
PPT
Aug 2022

Transcript

Notes
PPT
May 2022

Transcript

Notes
PPT
Feb 2022

Transcript

Notes
PPT
Nov 2021

Transcript

Notes
PPT
Aug 2021

Transcript

Notes
PPT
Jun 2021

Transcript

Notes
PPT
Feb 2021

Transcript

Notes
PPT
Nov 2020

Transcript

Notes
PPT
Aug 2020

Transcript

Notes
PPT
Jul 2020

Transcript

Notes
PPT
Feb 2020

Transcript

Notes
PPT
Nov 2019

Transcript

Notes
PPT
Aug 2019

Transcript

Notes
PPT
Jun 2019

Transcript

Notes
PPT
Feb 2019

Transcript

Notes
PPT
Nov 2018

Transcript

Notes
PPT
Aug 2018

Transcript

Notes
PPT
Jun 2018

Transcript

Notes
PPT