GlaxoSmithkline Consumer Healthcare Ltd(Merged)
GlaxoSmithkline Consumer Healthcare is engaged in manufacturing and sale of healthcare consumer products.(Source : 201903 Annual Report Page No: 52)
- Market Cap ₹ 45,141 Cr.
- Current Price ₹ 10,733
- High / Low ₹ /
- Stock P/E 39.1
- Book Value ₹ 989
- Dividend Yield 0.00 %
- ROCE 39.9 %
- ROE 25.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 44.9%
Cons
- Stock is trading at 10.9 times its book value
- The company has delivered a poor sales growth of -0.36% over past five years.
- Earnings include an other income of Rs.444 Cr.
* 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: Food - Processing - MNC
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,274 | 1,542 | 1,921 | 2,306 | 2,765 | 3,187 | 4,869 | 4,308 | 4,136 | 3,991 | 4,317 | 4,782 | 4,984 | |
1,049 | 1,308 | 1,611 | 1,932 | 2,261 | 2,614 | 3,996 | 3,569 | 3,298 | 3,153 | 3,433 | 3,641 | 3,718 | |
Operating Profit | 225 | 234 | 310 | 374 | 504 | 573 | 873 | 739 | 838 | 838 | 883 | 1,141 | 1,267 |
OPM % | 18% | 15% | 16% | 16% | 18% | 18% | 18% | 17% | 20% | 21% | 20% | 24% | 25% |
69 | 98 | 89 | 120 | 85 | 114 | 207 | 213 | 278 | 239 | 257 | 433 | 444 | |
Interest | 5 | 5 | 4 | 3 | 3 | 2 | 1 | 1 | 2 | 3 | 2 | 1 | 5 |
Depreciation | 43 | 42 | 42 | 40 | 46 | 36 | 63 | 62 | 57 | 64 | 64 | 60 | 74 |
Profit before tax | 245 | 284 | 354 | 452 | 540 | 649 | 1,016 | 889 | 1,056 | 1,010 | 1,074 | 1,512 | 1,631 |
Tax % | 34% | 34% | 34% | 34% | 34% | 33% | 34% | 34% | 35% | 35% | 35% | 35% | |
163 | 188 | 233 | 300 | 355 | 437 | 675 | 584 | 687 | 657 | 700 | 983 | 1,156 | |
EPS in Rs | 38.64 | 44.73 | 55.29 | 71.22 | 84.37 | 103.74 | 160.27 | 138.62 | 163.25 | 155.98 | 166.29 | 233.44 | 274.55 |
Dividend Payout % | 31% | 34% | 33% | 70% | 41% | 43% | 28% | 40% | 43% | 45% | 45% | 45% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 0% |
3 Years: | 5% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 8% |
3 Years: | 13% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | 28% |
5 Years: | 25% |
3 Years: | 23% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
Reserves | 604 | 719 | 863 | 918 | 1,102 | 1,319 | 1,771 | 2,071 | 2,757 | 3,081 | 3,443 | 4,053 | 4,120 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 8 | 0 | 0 | 0 | |
266 | 319 | 511 | 800 | 938 | 1,194 | 1,599 | 1,907 | 1,684 | 1,824 | 1,928 | 1,973 | 1,981 | |
Total Liabilities | 912 | 1,079 | 1,416 | 1,760 | 2,082 | 2,555 | 3,411 | 4,020 | 4,495 | 4,955 | 5,413 | 6,068 | 6,143 |
226 | 210 | 194 | 202 | 201 | 194 | 340 | 492 | 481 | 487 | 476 | 462 | 503 | |
CWIP | 17 | 16 | 38 | 108 | 149 | 197 | 38 | 42 | 51 | 58 | 38 | 18 | 15 |
Investments | 298 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
371 | 853 | 1,184 | 1,450 | 1,733 | 2,163 | 3,033 | 3,486 | 3,963 | 4,410 | 4,899 | 5,588 | 5,625 | |
Total Assets | 912 | 1,079 | 1,416 | 1,760 | 2,082 | 2,555 | 3,411 | 4,020 | 4,495 | 4,955 | 5,413 | 6,068 | 6,143 |
Cash Flows
Figures in Rs. Crores
Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
188 | 135 | 400 | 326 | 391 | 554 | 644 | 611 | 573 | 603 | 723 | 671 | |
-21 | 19 | -22 | -79 | -125 | -377 | -271 | 331 | -152 | -602 | -446 | -335 | |
-63 | -55 | -30 | -91 | -248 | -175 | -223 | -222 | -286 | -361 | -363 | -377 | |
Net Cash Flow | 104 | 99 | 349 | 156 | 17 | 2 | 150 | 720 | 136 | -361 | -87 | -41 |
Ratios
Figures in Rs. Crores
Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 8 | 10 | 6 | 8 | 13 | 13 | 22 | 27 | 31 | 29 | 24 | 29 |
Inventory Days | 222 | 238 | 178 | 170 | 171 | 148 | 108 | 114 | 125 | 160 | 127 | 148 |
Days Payable | 164 | 148 | 191 | 194 | 166 | 192 | 178 | 185 | 213 | 303 | 312 | 303 |
Cash Conversion Cycle | 66 | 100 | -7 | -16 | 18 | -31 | -48 | -45 | -57 | -114 | -161 | -125 |
Working Capital Days | 8 | 17 | -30 | -56 | -42 | -60 | -39 | -57 | -36 | -50 | -65 | -49 |
ROCE % | 42% | 41% | 43% | 48% | 52% | 52% | 64% | 46% | 43% | 34% | 33% | 40% |
GSK Consumer Healthcare Ltd is an associate of GlaxoSmithKline plc.of U.K, one of world’s largest consumer healthcare companies. We have a heritage that goes back over 160 years. Our purpose is to help more people around the world to do more, feel better and live longer with everyday healthcare products. Our goal is to build a global, growing business - we call a Fast Moving Consumer Healthcare (FMCH) company - dedicated to everyday healthcare with all of the scientific expertise and quality guarantees that demands, working at the speed and with the genuine consumer understanding the modern world expects. [1]