Godfrey Phillips India Ltd

Godfrey Phillips India Ltd

₹ 8,553 -0.85%
21 May - close price
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 44,470 Cr.
  • Current Price 8,553
  • High / Low 9,257 / 3,306
  • Stock P/E 38.6
  • Book Value 1,009
  • Dividend Yield 0.65 %
  • ROCE 29.6 %
  • ROE 24.3 %
  • 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 29.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.4%

Cons

  • Stock is trading at 8.48 times its book value
  • Working capital days have increased from 63.4 days to 104 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

Consolidated Figures in Rs. Crores / View Standalone

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
724 828 1,019 920 796 1,046 1,158 1,250 875 1,170 1,384 1,589 1,573
561 626 779 710 644 794 934 1,022 685 905 1,112 1,228 1,304
Operating Profit 164 201 241 210 152 253 224 228 191 266 272 361 269
OPM % 23% 24% 24% 23% 19% 24% 19% 18% 22% 23% 20% 23% 17%
25 2 43 79 44 53 38 87 114 -14 102 80 136
Interest 11 6 7 7 9 7 7 6 4 6 5 3 4
Depreciation 37 38 39 39 37 37 36 36 28 36 32 28 42
Profit before tax 140 159 238 243 149 262 219 272 273 210 338 411 359
Tax % 26% 17% 25% 23% 26% 16% 25% 22% 21% 15% 26% 23% 22%
104 142 202 199 147 254 202 212 215 229 248 316 280
EPS in Rs 19.95 27.37 38.82 38.32 28.29 48.94 38.87 40.84 41.19 43.96 47.76 60.75 53.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,586 2,331 2,403 2,326 2,497 2,877 2,525 2,688 3,562 4,420 5,611
2,111 2,219 2,006 2,149 2,065 2,094 2,284 1,984 2,054 2,759 3,527 4,434
Operating Profit 367 367 324 254 260 403 592 541 633 804 892 1,177
OPM % 15% 14% 14% 11% 11% 16% 21% 21% 24% 23% 20% 21%
12 32 37 47 73 79 107 119 114 252 375 349
Interest 29 19 10 4 2 1 30 31 34 29 26 12
Depreciation 91 108 107 98 98 99 155 141 145 154 146 124
Profit before tax 259 271 244 199 233 383 514 487 568 873 1,095 1,390
Tax % 32% 33% 30% 31% 32% 32% 25% 23% 23% 21% 19% 23%
175 183 170 137 159 260 385 376 438 690 884 1,072
EPS in Rs 33.76 35.26 32.63 26.39 30.60 50.07 74.02 72.41 84.25 132.80 169.84 206.18
Dividend Payout % 24% 23% 25% 30% 26% 16% 32% 33% 33% 33% 33% 46%
Compounded Sales Growth
10 Years: 8%
5 Years: 14%
3 Years: 28%
TTM: 27%
Compounded Profit Growth
10 Years: 21%
5 Years: 29%
3 Years: 45%
TTM: 56%
Stock Price CAGR
10 Years: 33%
5 Years: 55%
3 Years: 93%
1 Year: 118%
Return on Equity
10 Years: 16%
5 Years: 19%
3 Years: 21%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,174 1,302 1,566 1,650 1,783 2,028 2,177 2,572 2,917 3,538 4,222 5,235
239 277 132 73 28 42 357 396 337 355 345 179
518 484 452 474 644 785 751 754 837 1,065 1,266 1,544
Total Liabilities 1,941 2,073 2,159 2,208 2,465 2,866 3,295 3,732 4,102 4,968 5,843 6,969
707 675 695 700 650 694 1,015 1,034 983 932 893 732
CWIP 46 65 49 13 18 14 17 26 42 22 10 23
Investments 327 273 410 507 924 1,232 1,251 1,554 1,844 2,669 3,000 3,197
862 1,060 1,006 987 872 925 1,012 1,118 1,234 1,346 1,940 3,017
Total Assets 1,941 2,073 2,159 2,208 2,465 2,866 3,295 3,732 4,102 4,968 5,843 6,969

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
296 63 319 245 516 362 375 310 479 736 290 107
-140 -32 -119 -125 -405 -310 -72 -298 -234 -541 55 402
-158 -31 -197 -125 -99 -43 -303 -16 -238 -206 -349 -491
Net Cash Flow -3 1 3 -4 12 9 0 -4 6 -11 -4 18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 17 27 13 10 9 18 21 15 14 34
Inventory Days 216 248 257 187 179 218 199 222 247 190 215 224
Days Payable 55 49 42 45 52 99 74 70 75 75 70 56
Cash Conversion Cycle 176 217 231 169 140 130 134 170 192 131 160 202
Working Capital Days 32 64 83 77 34 15 27 49 51 28 58 104
ROCE % 22% 18% 14% 12% 10% 16% 20% 15% 17% 22% 22% 30%

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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