Godfrey Phillips India Ltd
₹ 8,402
-1.59%
11 Jul
- 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 Cap ₹ 43,683 Cr.
- Current Price ₹ 8,402
- High / Low ₹ 9,646 / 3,965
- Stock P/E 37.9
- Book Value ₹ 1,009
- Dividend Yield 0.67 %
- 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 31.7%
Cons
- Stock is trading at 8.33 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
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% | 29% |
| 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: | 31% |
| 5 Years: | 54% |
| 3 Years: | 99% |
| 1 Year: | 107% |
| 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% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate confirming compliance with SEBI dematerialisation regulations for Q1 FY2025-26.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
30 Jun - Appointment of Mr. Paul Janelle as Non-Executive Director approved by shareholders via postal ballot.
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Announcement under Regulation 30 (LODR)-Change in Management
27 Jun - Appointment of Ms. Jaishree Tolani as General Counsel replacing Mr. Rajesh Nair from July 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
27 Jun - Appointment of Ms. Jaishree Tolani as General Counsel replacing Mr. Rajesh Nair from July 1, 2025.
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Closure of Trading Window
26 Jun - Trading window closed from July 1, 2025, till 48 hours after Q1 2025 results announcement.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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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
from bse
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Financial Year 2010
from nse
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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]