Godfrey Phillips India Ltd
Gndia is one of the leading FMCG Companies in India - flagship company distribute the renowned Marlboro brand in India. [1]
- Market Cap ₹ 26,408 Cr.
- Current Price ₹ 1,690
- High / Low ₹ 3,224 / 1,641
- Stock P/E 20.0
- Book Value ₹ 344
- Dividend Yield 2.96 %
- ROCE 34.9 %
- ROE 27.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 35.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 44.0%
Cons
- Debtor days have increased from 33.8 to 51.8 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,585 | 2,325 | 2,386 | 2,312 | 2,477 | 2,853 | 2,490 | 2,674 | 3,560 | 3,988 | 5,602 | 6,389 | 6,110 | |
| 2,225 | 2,003 | 2,138 | 2,052 | 2,096 | 2,261 | 1,973 | 2,047 | 2,759 | 3,112 | 4,442 | 4,805 | 4,679 | |
| Operating Profit | 360 | 322 | 249 | 260 | 381 | 593 | 516 | 627 | 802 | 876 | 1,160 | 1,585 | 1,431 |
| OPM % | 14% | 14% | 10% | 11% | 15% | 21% | 21% | 23% | 23% | 22% | 21% | 25% | 23% |
| 33 | 36 | 47 | 72 | 79 | 106 | 118 | 110 | 168 | 343 | 333 | 465 | 398 | |
| Interest | 19 | 10 | 3 | 2 | 1 | 30 | 31 | 34 | 29 | 13 | 12 | 12 | 11 |
| Depreciation | 102 | 102 | 94 | 96 | 96 | 152 | 138 | 142 | 151 | 105 | 120 | 117 | 123 |
| Profit before tax | 271 | 246 | 198 | 234 | 363 | 516 | 465 | 562 | 790 | 1,101 | 1,361 | 1,921 | 1,695 |
| Tax % | 33% | 30% | 31% | 31% | 34% | 25% | 23% | 23% | 23% | 20% | 23% | 22% | |
| 183 | 172 | 136 | 161 | 241 | 388 | 357 | 432 | 608 | 881 | 1,043 | 1,507 | 1,320 | |
| EPS in Rs | 11.74 | 11.00 | 8.74 | 10.31 | 15.45 | 24.86 | 22.88 | 27.69 | 39.00 | 56.46 | 66.87 | 96.64 | 84.62 |
| Dividend Payout % | 23% | 24% | 31% | 26% | 17% | 32% | 35% | 34% | 38% | 33% | 47% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 21% |
| 3 Years: | 22% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 36% |
| 3 Years: | 37% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 31% |
| 3 Years: | 31% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 21% |
| 3 Years: | 23% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 31 |
| Reserves | 1,282 | 1,499 | 1,581 | 1,697 | 1,886 | 2,050 | 2,406 | 2,713 | 3,178 | 3,831 | 4,399 | 5,331 |
| 277 | 130 | 72 | 27 | 41 | 356 | 395 | 336 | 354 | 344 | 178 | 232 | |
| 475 | 402 | 416 | 582 | 707 | 681 | 707 | 787 | 996 | 1,160 | 1,428 | 1,750 | |
| Total Liabilities | 2,044 | 2,041 | 2,080 | 2,316 | 2,644 | 3,097 | 3,518 | 3,846 | 4,538 | 5,346 | 6,015 | 7,345 |
| 636 | 666 | 672 | 623 | 665 | 982 | 999 | 948 | 898 | 853 | 692 | 773 | |
| CWIP | 65 | 49 | 13 | 18 | 14 | 17 | 26 | 42 | 21 | 10 | 21 | 167 |
| Investments | 322 | 401 | 500 | 895 | 1,143 | 1,190 | 1,476 | 1,719 | 2,364 | 2,582 | 2,389 | 2,477 |
| 1,021 | 925 | 895 | 780 | 822 | 909 | 1,018 | 1,138 | 1,255 | 1,900 | 2,912 | 3,927 | |
| Total Assets | 2,044 | 2,041 | 2,080 | 2,316 | 2,644 | 3,097 | 3,518 | 3,846 | 4,538 | 5,346 | 6,015 | 7,345 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 63 | 326 | 248 | 514 | 352 | 377 | 300 | 482 | 739 | 270 | 115 | 512 | |
| -32 | -126 | -131 | -409 | -312 | -70 | -318 | -232 | -536 | 60 | 403 | 42 | |
| -31 | -200 | -120 | -96 | -39 | -299 | 7 | -238 | -206 | -342 | -509 | -619 | |
| Net Cash Flow | 1 | 0 | -3 | 9 | 0 | 7 | -11 | 12 | -3 | -12 | 8 | -65 |
| Free Cash Flow | -44 | 191 | 183 | 456 | 228 | 262 | 173 | 411 | 742 | 179 | -39 | 212 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 43% | 124% | 123% | 225% | 126% | 84% | 77% | 99% | 116% | 53% | 33% | 57% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 16 | 27 | 14 | 10 | 9 | 18 | 21 | 15 | 16 | 34 | 52 |
| Inventory Days | 246 | 232 | 166 | 157 | 194 | 179 | 201 | 225 | 175 | 232 | 217 | 225 |
| Days Payable | 50 | 44 | 47 | 53 | 99 | 73 | 72 | 77 | 77 | 68 | 57 | 56 |
| Cash Conversion Cycle | 214 | 204 | 146 | 117 | 105 | 114 | 147 | 169 | 114 | 180 | 193 | 221 |
| Working Capital Days | 37 | 62 | 58 | 18 | -1 | 18 | 23 | 31 | 12 | 54 | 82 | 109 |
| ROCE % | 18% | 14% | 12% | 10% | 16% | 21% | 15% | 17% | 21% | 25% | 29% | 35% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cigarette Domestic Volume million per month |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consider And Approve Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September 2026 And To Consider Declaration Of Interim Dividend.
- Board to meet on 5 Nov 2026 for Q2/H1 results and interim dividend consideration; trading window closed till 7 Nov 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication regarding Loss of Share certificates.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories and participants) Regulations,2018
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Closure of Trading Window
- Trading window closed from 1 October 2026 until 48 hours after Q2 FY2026 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication regarding Special window for transfer and dematerialisation of physical shares.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026PPT
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Nov 2019PPT
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Nov 2018PPT
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Aug 2018PPT
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Jun 2018PPT
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]