Godrej Consumer Products Ltd

₹ 877 1.86%
Jan 25 10:18 a.m.
About

Godrej Consumer Products is engaged in a fast moving consumer goods Company, manufacturing and marketing Household and Personal Care products.[1]

Key Points

Product Portfolio
The company has more than 10 brands which produces various products in various geographies. Its brands include :-[1]
GoodKnight- Mosquito Repellent Brand
Darling - Hair Extensions Business
No. 1 - Soap Brand
HIT - Pests killing products
Cinthol - Premium personal care products
Expert - Hair Color Brand
mitu - Babycare products
Stella - air freshener products
Aer - air freshener products[2]

  • Market Cap 89,665 Cr.
  • Current Price 877
  • High / Low 1,138 / 644
  • Stock P/E 69.9
  • Book Value 68.9
  • Dividend Yield 0.00 %
  • ROCE 27.3 %
  • ROE 21.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.68%

Cons

  • Stock is trading at 12.50 times its book value
  • The company has delivered a poor sales growth of 6.55% 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: FMCG Industry: Personal Care - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
1,506 1,356 1,315 1,521 1,524 1,114 1,381 1,679 1,695 1,500 1,661 1,838
1,067 958 1,009 1,124 1,083 811 1,004 1,212 1,223 1,163 1,229 1,386
Operating Profit 439 398 307 397 441 303 376 467 472 337 432 452
OPM % 29% 29% 23% 26% 29% 27% 27% 28% 28% 22% 26% 25%
Other Income 22 23 20 25 23 24 7 19 12 12 16 18
Interest 17 17 11 14 13 20 12 7 4 2 2 3
Depreciation 17 17 19 20 21 21 20 21 21 22 21 21
Profit before tax 427 386 297 387 430 286 351 459 459 326 425 445
Tax % 22% -135% 19% 14% 15% 16% 23% 24% 23% 23% 23% 20%
Net Profit 332 907 240 335 365 240 272 351 351 251 325 356
EPS in Rs 3.25 8.87 2.35 3.27 3.57 2.35 2.66 3.43 3.44 2.45 3.18 3.48

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,268 2,469 2,980 3,581 4,080 4,430 4,554 4,748 5,261 5,679 5,474 6,254 6,693
1,002 1,970 2,421 2,946 3,331 3,588 3,556 3,612 3,931 4,167 4,027 4,602 5,001
Operating Profit 265 499 559 635 749 842 998 1,136 1,330 1,513 1,448 1,653 1,693
OPM % 21% 20% 19% 18% 18% 19% 22% 24% 25% 27% 26% 26% 25%
Other Income 51 77 243 48 40 65 50 64 74 94 91 49 58
Interest 4 9 17 18 40 39 55 36 52 65 58 25 11
Depreciation 14 22 26 32 36 42 45 57 63 69 81 83 85
Profit before tax 299 545 759 633 713 827 948 1,107 1,289 1,473 1,400 1,594 1,655
Tax % 17% 20% 20% 19% 21% 21% 24% 23% 22% -19% 16% 23%
Net Profit 248 435 604 511 565 654 723 848 1,000 1,755 1,180 1,224 1,284
EPS in Rs 2.68 4.48 5.92 5.00 5.53 6.41 7.07 8.30 9.78 17.17 11.54 11.97 12.55
Dividend Payout % 53% 33% 27% 33% 32% 29% 27% 60% 68% 58% 69% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 6%
TTM: 17%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 8%
TTM: 4%
Stock Price CAGR
10 Years: 20%
5 Years: 11%
3 Years: 3%
1 Year: 10%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 27%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
31 32 34 34 34 34 34 34 68 102 102 102 102
Reserves 797 1,501 2,490 2,727 2,990 3,349 3,750 4,340 4,573 4,824 5,025 6,257 6,940
Borrowings 12 272 238 311 286 261 3 149 0 0 326 44 137
347 521 818 1,016 1,176 1,278 1,339 1,640 1,982 1,738 1,487 1,293 1,010
Total Liabilities 1,187 2,327 3,579 4,088 4,486 4,922 5,126 6,162 6,624 6,665 6,941 7,696 8,189
166 1,230 1,181 1,146 1,105 1,060 1,284 1,284 1,314 1,344 1,365 1,390 1,395
CWIP 1 8 12 121 148 179 13 39 52 32 37 37 30
Investments 522 362 1,193 1,570 2,167 2,300 2,612 3,655 3,902 3,425 3,593 4,568 4,750
498 728 1,192 1,251 1,066 1,383 1,217 1,184 1,355 1,864 1,945 1,700 2,014
Total Assets 1,187 2,327 3,579 4,088 4,486 4,922 5,126 6,162 6,624 6,665 6,941 7,696 8,189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
268 258 688 573 750 783 512 1,177 1,235 1,082 920 1,374
-228 -997 -1,005 -308 -553 -454 -100 -1,009 -302 460 -191 -1,019
-199 567 439 -151 -288 -309 -542 -121 -935 -1,548 -745 -356
Net Cash Flow -159 -173 122 113 -91 19 -129 47 -2 -6 -16 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 10 15 12 12 12 12 22 16 17 23 20 14
Inventory Days 109 99 107 111 93 89 102 100 97 97 107 95
Days Payable 65 80 131 138 150 146 156 200 243 230 202 128
Cash Conversion Cycle 53 34 -13 -14 -45 -46 -32 -83 -130 -110 -75 -19
Working Capital Days -8 -1 -26 -26 -38 -46 -16 -27 -36 -25 -4 -2
ROCE % 42% 39% 26% 22% 23% 24% 27% 27% 29% 32% 28% 27%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
63.25 63.25 63.24 63.24 63.24 63.24 63.23 63.23 63.23 63.23 63.22 63.22
27.46 27.99 27.78 27.74 26.34 26.79 26.77 26.77 26.61 26.97 26.21 25.63
2.54 2.15 2.24 2.22 3.11 3.19 3.07 3.09 3.05 1.23 4.60 5.02
6.75 6.61 6.74 6.80 7.32 6.78 6.93 6.91 7.11 8.58 5.97 6.13

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