Godfrey Phillips India Ltd
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]
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Dear Sirs, Pursuant to the provisions of Regulation 30 of the SEBI (LODR) Regulations 2015, please find enclosed copy of Earnings Presentation with reference to …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jan - Dear Sirs, As per Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed copy of the advertisement clipping of Extract of the Unaudited …
- I. Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2022. Ii. Limited Review Report For The Quarter And Nine Months Ended 31St December, 2022. 27 Jan
- Board Meeting Intimation for Notice Of Board Meeting 17 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Dear Sirs, We are enclosing herewith Certificate dated 6th January, 2023 issued by Link Intime India Private Limited, Registrar and Transfer Agent (RTA) of the …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Nov 2020TranscriptPPT
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Nov 2018TranscriptPPT
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Increase in Market Share
For FY22, the company experienced a rise in market share from around ~13% in FY20 to over 25% [1][2]