Godfrey Phillips India Ltd

₹ 1,842 1.21%
02 Feb 2:27 p.m.
About

Godfrey Phillips India is one of the largest FMCG companies in the country with 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

Increase in Market Share
For FY22, the company experienced a rise in market share from around ~13% in FY20 to over 25% [1][2]

  • Market Cap 9,578 Cr.
  • Current Price 1,842
  • High / Low 2,149 / 933
  • Stock P/E 14.8
  • Book Value 602
  • Dividend Yield 1.48 %
  • ROCE 16.7 %
  • ROE 13.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 32.9%

Cons

  • The company has delivered a poor sales growth of 2.27% over past five years.
  • Company has a low return on equity of 13.8% over last 3 years.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
761 592 412 701 706 706 611 646 706 724 828 1,019 920
594 512 349 547 539 549 464 498 531 561 626 779 710
Operating Profit 167 80 63 154 167 157 147 147 175 164 201 241 210
OPM % 22% 14% 15% 22% 24% 22% 24% 23% 25% 23% 24% 24% 23%
28 30 41 24 36 18 28 35 27 25 2 43 79
Interest 8 7 7 7 7 9 7 8 8 11 6 7 7
Depreciation 37 48 34 34 34 39 35 36 37 37 38 39 39
Profit before tax 151 55 63 137 162 126 132 139 157 140 159 238 243
Tax % 24% 31% 11% 25% 24% 24% 15% 24% 26% 26% 17% 25% 23%
Net Profit 114 39 55 103 123 95 112 105 117 104 142 202 199
EPS in Rs 21.93 7.44 10.60 19.89 23.61 18.32 21.61 20.18 22.51 19.95 27.37 38.82 38.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,627 1,909 2,096 2,477 2,586 2,331 2,403 2,326 2,497 2,877 2,525 2,688 3,491
1,350 1,582 1,769 2,111 2,219 2,006 2,149 2,065 2,094 2,284 1,984 2,054 2,675
Operating Profit 277 328 327 367 367 324 254 260 403 592 541 633 815
OPM % 17% 17% 16% 15% 14% 14% 11% 11% 16% 21% 21% 24% 23%
22 28 29 12 32 37 47 73 79 107 119 114 149
Interest 14 32 27 29 19 10 4 2 1 30 31 34 31
Depreciation 44 67 93 91 108 107 98 98 99 155 141 145 153
Profit before tax 241 257 237 259 271 244 199 233 383 514 487 568 780
Tax % 31% 30% 28% 32% 33% 30% 31% 32% 32% 25% 23% 23%
Net Profit 166 181 170 175 183 170 137 159 260 385 376 438 647
EPS in Rs 31.95 34.90 32.70 33.76 35.26 32.63 26.39 30.60 50.07 74.02 72.41 84.25 124.46
Dividend Payout % 22% 23% 24% 24% 23% 25% 30% 26% 16% 32% 33% 33%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: 2%
TTM: 31%
Compounded Profit Growth
10 Years: 9%
5 Years: 22%
3 Years: 20%
TTM: 51%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: 17%
1 Year: 59%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 10 10 10 10 10 11 11 11 11 12 10
Reserves 795 926 1,047 1,174 1,302 1,566 1,650 1,783 2,028 2,177 2,572 2,917 3,120
226 330 304 239 277 132 73 27 41 356 395 336 358
354 396 456 518 484 452 474 645 786 752 755 838 1,015
Total Liabilities 1,385 1,662 1,817 1,941 2,073 2,159 2,208 2,465 2,866 3,295 3,732 4,102 4,504
324 567 741 707 675 695 700 650 694 1,015 1,034 983 949
CWIP 182 139 16 46 65 49 13 18 14 17 26 42 19
Investments 322 325 286 327 273 410 507 924 1,232 1,251 1,554 1,844 2,220
557 631 773 862 1,060 1,006 987 872 925 1,012 1,118 1,234 1,314
Total Assets 1,385 1,662 1,817 1,941 2,073 2,159 2,208 2,465 2,866 3,295 3,732 4,102 4,504

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
256 202 191 296 63 319 245 516 362 375 310 479
-313 -205 -86 -140 -32 -119 -125 -405 -310 -72 -298 -234
74 4 -106 -158 -31 -197 -125 -99 -43 -303 -16 -238
Net Cash Flow 18 1 -1 -3 1 3 -4 12 9 0 -4 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 10 14 14 15 18 17 27 13 10 9 18 21
Inventory Days 208 182 246 216 248 257 187 179 218 199 222 247
Days Payable 49 58 72 55 49 42 45 52 99 74 70 75
Cash Conversion Cycle 169 138 188 176 217 231 169 140 130 134 170 192
Working Capital Days 22 24 37 32 64 83 77 34 15 27 49 51
ROCE % 27% 23% 18% 22% 18% 14% 12% 10% 16% 20% 15% 17%

Shareholding Pattern

Numbers in percentages

7 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
72.19 72.19 72.28 72.55 72.78 72.83 72.83 72.83 72.83 72.83 72.83 72.58
11.70 11.45 10.80 10.66 10.55 10.26 10.36 10.16 10.16 10.28 9.87 9.89
2.18 2.60 2.67 2.16 1.89 1.67 1.66 1.64 1.62 1.61 1.62 1.61
0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
13.89 13.71 14.20 14.59 14.73 15.20 15.10 15.32 15.35 15.24 15.62 15.86

* 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

Concalls