Godfrey Phillips India Ltd
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]
- Market Cap ₹ 15,610 Cr.
- Current Price ₹ 2,998
- High / Low ₹ 3,688 / 1,605
- Stock P/E 19.1
- Book Value ₹ 729
- Dividend Yield 1.47 %
- ROCE 21.5 %
- ROE 18.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 38.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.2%
- Company's working capital requirements have reduced from 42.7 days to 28.2 days
Cons
- The company has delivered a poor sales growth of 8.90% over past five 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,909 | 2,096 | 2,477 | 2,586 | 2,331 | 2,403 | 2,326 | 2,497 | 2,877 | 2,525 | 2,688 | 3,562 | 4,250 | |
1,582 | 1,769 | 2,111 | 2,219 | 2,006 | 2,149 | 2,065 | 2,094 | 2,284 | 1,984 | 2,054 | 2,759 | 3,394 | |
Operating Profit | 328 | 327 | 367 | 367 | 324 | 254 | 260 | 403 | 592 | 541 | 633 | 804 | 856 |
OPM % | 17% | 16% | 15% | 14% | 14% | 11% | 11% | 16% | 21% | 21% | 24% | 23% | 20% |
28 | 29 | 12 | 32 | 37 | 47 | 73 | 79 | 107 | 119 | 114 | 252 | 192 | |
Interest | 32 | 27 | 29 | 19 | 10 | 4 | 2 | 1 | 30 | 31 | 34 | 29 | 28 |
Depreciation | 67 | 93 | 91 | 108 | 107 | 98 | 98 | 99 | 155 | 141 | 145 | 154 | 147 |
Profit before tax | 257 | 237 | 259 | 271 | 244 | 199 | 233 | 383 | 514 | 487 | 568 | 873 | 873 |
Tax % | 30% | 28% | 32% | 33% | 30% | 31% | 32% | 32% | 25% | 23% | 23% | 21% | |
181 | 170 | 175 | 183 | 170 | 137 | 159 | 260 | 385 | 376 | 438 | 690 | 816 | |
EPS in Rs | 34.90 | 32.70 | 33.76 | 35.26 | 32.63 | 26.39 | 30.60 | 50.07 | 74.02 | 72.41 | 84.25 | 132.80 | 156.94 |
Dividend Payout % | 23% | 24% | 24% | 23% | 25% | 30% | 26% | 16% | 32% | 33% | 33% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 9% |
3 Years: | 7% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 38% |
3 Years: | 22% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 21% |
3 Years: | 53% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 926 | 1,047 | 1,174 | 1,302 | 1,566 | 1,650 | 1,783 | 2,028 | 2,177 | 2,572 | 2,917 | 3,538 | 3,781 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |
330 | 304 | 239 | 277 | 132 | 73 | 27 | 41 | 356 | 395 | 336 | 354 | 347 | |
396 | 456 | 518 | 484 | 452 | 474 | 645 | 786 | 752 | 755 | 838 | 1,067 | 1,186 | |
Total Liabilities | 1,662 | 1,817 | 1,941 | 2,073 | 2,159 | 2,208 | 2,465 | 2,866 | 3,295 | 3,732 | 4,102 | 4,968 | 5,323 |
567 | 741 | 707 | 675 | 695 | 700 | 650 | 694 | 1,015 | 1,034 | 983 | 932 | 900 | |
CWIP | 139 | 16 | 46 | 65 | 49 | 13 | 18 | 14 | 17 | 26 | 42 | 22 | 18 |
Investments | 325 | 286 | 327 | 273 | 410 | 507 | 924 | 1,232 | 1,251 | 1,554 | 1,844 | 2,669 | 2,730 |
631 | 773 | 862 | 1,060 | 1,006 | 987 | 872 | 925 | 1,012 | 1,118 | 1,234 | 1,346 | 1,675 | |
Total Assets | 1,662 | 1,817 | 1,941 | 2,073 | 2,159 | 2,208 | 2,465 | 2,866 | 3,295 | 3,732 | 4,102 | 4,968 | 5,323 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
202 | 191 | 296 | 63 | 319 | 245 | 516 | 362 | 375 | 310 | 479 | 736 | |
-205 | -86 | -140 | -32 | -119 | -125 | -405 | -310 | -72 | -298 | -234 | -541 | |
4 | -106 | -158 | -31 | -197 | -125 | -99 | -43 | -303 | -16 | -238 | -206 | |
Net Cash Flow | 1 | -1 | -3 | 1 | 3 | -4 | 12 | 9 | 0 | -4 | 6 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 14 | 15 | 18 | 17 | 27 | 13 | 10 | 9 | 18 | 21 | 15 |
Inventory Days | 182 | 246 | 216 | 248 | 257 | 187 | 179 | 218 | 199 | 222 | 247 | 190 |
Days Payable | 58 | 72 | 55 | 49 | 42 | 45 | 52 | 99 | 74 | 70 | 75 | 75 |
Cash Conversion Cycle | 138 | 188 | 176 | 217 | 231 | 169 | 140 | 130 | 134 | 170 | 192 | 131 |
Working Capital Days | 24 | 37 | 32 | 64 | 83 | 77 | 34 | 15 | 27 | 49 | 51 | 28 |
ROCE % | 23% | 18% | 22% | 18% | 14% | 12% | 10% | 16% | 20% | 15% | 17% | 22% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 7h
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 2d
- Certificate Under Regulation 40(10) Of The SEBI (LODR) Regulations, 2015. 15 Apr
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 12 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from nse
-
Financial Year 2010
from bse
Concalls
-
Jan 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Jul 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Jan 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Jun 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
Revenue Breakup FY23[1]
Tobacco: 90% (Domestic:67% , Export:23%)
Consumer & Retail: 10%