Gillette India

₹6790 -117.1 | 1.7%

WEBSITE BSE:507815 NSE : GILLETTE (I) 10 May, 16:01

Market Cap ₹22125 Cr.

Stock P/E 57.1

P/B 19.6

Current Price ₹6790

Book Value ₹ 346.7

Face Value 10

52W High ₹7318.1

Dividend Yield 1.25%

52W Low ₹ 4251.1

Edit Ratio

Gillette India Research see more...

Overview Inc. Year: 1984Industry: Household & Personal Products

Gillette India Limited is an India-based employer, that's engaged in manufacturing and selling of branded packaged fast moving consumer items inside the grooming and oral care companies. It consists of grooming segment, which produces and sells shaving device and cartridges, blades, toiletries and components; and oral care segment, which produces and sells toothbrushes and oral care products. Its product portfolio consists of razors, blades, styler and shaving gel, shaving cream, and aftershave. Its razors include Gillette Guard Shaving Razor, Gillette Body Razor, and seven O'clock Super Platinum Blades. Its blades consist of Wilkinson Razor Blades, Gillette Body Razor Blades, 7 O'clock Super Stainless Blades, and Gillette Vector 3 Razor Blades. Its shaving gel, shaving cream and after shave merchandise consist of Gillette Shaving Cream Regular, Gillette Series Cool Wave Aftershave Splash, Gillette Foamy Regular Shaving Foam, and Gillette Series Ultra Comfort Tube Shave Gel.

Gillette India Share Price

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Peer Comparison

Gillette India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	563	567	553	620	619	619	619	668	639	681
Other Income	2	1	2	3	3	12	5	9	7	6
Total Income	565	568	554	623	622	631	624	676	647	686
Total Expenditure	449	435	441	484	493	485	476	531	484	520
Operating Profit	116	133	113	138	129	145	148	145	163	166
Interest	2	5	2	0	3	1	3	0	3	3
Depreciation	16	18	19	18	19	22	22	20	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	97	110	92	120	106	123	124	125	139	143
Provision for Tax	27	41	25	33	32	20	32	32	35	44
Profit After Tax	71	69	68	87	74	103	92	93	104	99
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	71	69	68	87	74	103	92	93	104	99
Adjusted Earnings Per Share	21.6	21.3	20.7	26.6	22.8	31.5	28.2	28.4	31.9	30.4

Gillette India Profit & Loss

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	TTM
Net Sales	1438	1665	1875	1755	1734	1677	1862	1679	2009	2256	2477	2607
Other Income	37	32	40	36	38	13	16	11	33	9	24	27
Total Income	1475	1697	1915	1791	1772	1690	1878	1690	2042	2265	2501	2633
Total Expenditure	1305	1592	1715	1450	1352	1295	1483	1320	1550	1775	1940	2011
Operating Profit	170	105	200	341	419	394	395	370	492	490	561	622
Interest	0	0	5	6	7	7	8	5	5	11	8	9
Depreciation	31	33	39	30	38	42	48	51	58	68	81	84
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	138	71	156	306	374	345	339	314	429	411	473	531
Provision for Tax	51	26	57	106	121	116	86	84	119	122	117	143
Profit After Tax	87	45	100	199	253	229	253	230	310	289	356	388
Adjustments	0	6	59	15	0	0	0	0	0	0	0	0
Profit After Adjustments	87	51	158	214	253	229	253	230	310	289	356	388
Adjusted Earnings Per Share	26.7	13.9	30.5	61.1	77.7	70.3	77.6	70.6	95.2	88.8	109.1	118.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	14%	8%	6%
Operating Profit CAGR	14%	15%	7%	13%
PAT CAGR	23%	16%	9%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	46%	7%	-0%	14%
ROE Average	39%	37%	35%	28%
ROCE Average	52%	51%	48%	40%

Gillette India Balance Sheet

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023
Shareholder's Funds	649	643	742	937	501	694	778	911	789	861	989
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	8	5	-5	-11	15	19	19	39	51	50	66
Total Current Liabilities	382	406	465	484	464	479	381	379	527	674	816
Total Liabilities	1039	1054	1202	1409	979	1193	1178	1329	1367	1586	1870
Fixed Assets	170	173	156	178	214	264	300	296	310	363	389
Other Non-Current Assets	131	185	208	258	267	296	277	259	288	260	231
Total Current Assets	738	697	837	973	498	632	601	774	769	963	1250
Total Assets	1039	1054	1202	1409	979	1193	1178	1329	1367	1586	1870

Gillette India Cash Flow

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023
Opening Cash & Cash Equivalents	115	166	169	181	536	114	235	140	231	164	289
Cash Flow from Operating Activities	29	96	172	279	248	237	134	225	443	462	463
Cash Flow from Investing Activities	78	-36	-103	155	14	-77	-65	-29	-79	-112	-67
Cash Flow from Financing Activities	-57	-57	-58	-79	-684	-39	-165	-105	-430	-225	-231
Net Cash Inflow / Outflow	51	3	12	356	-422	121	-95	91	-66	125	164
Closing Cash & Cash Equivalent	166	169	181	536	114	235	140	231	164	289	453

Gillette India Ratios

#	Jun 2013	Jun 2014	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023
Earnings Per Share (Rs)	26.74	13.9	30.55	61.14	77.66	70.28	77.61	70.63	95.24	88.78	109.14
CEPS(Rs)	36.35	24.02	42.48	70.43	89.42	83.26	92.24	86.29	112.89	109.75	133.9
DPS(Rs)	15	15	15	39.52	164	23	44	49	119	69	85
Book NAV/Share(Rs)	199.21	197.44	227.78	286.79	152.69	211.82	237.3	277.47	239.32	260.29	297.6
Core EBITDA Margin(%)	9.07	4.33	8.46	17.21	21.33	22.75	20.33	21.38	22.88	17.95	17.97
EBIT Margin(%)	9.48	4.27	8.54	17.52	21.31	21	18.63	19.02	21.63	15.74	16.08
Pre Tax Margin(%)	9.48	4.25	8.3	17.21	20.93	20.55	18.21	18.7	21.37	15.34	15.82
PAT Margin (%)	5.97	2.69	5.28	11.22	14.15	13.66	13.59	13.71	15.45	10.79	11.9
Cash Profit Margin (%)	8.12	4.66	7.34	12.93	16.3	16.18	16.15	16.75	18.31	13.34	14.6
ROA(%)	6.8	4.33	8.82	15.26	21.19	21.09	21.34	18.36	23.02	19.59	20.58
ROE(%)	13.74	7.01	14.37	23.76	35.34	38.56	34.56	27.44	36.86	35.54	39.13
ROCE(%)	21.8	11.1	23.25	37.06	53.03	58.93	47.12	37.81	51.13	51.13	51.96
Receivable days	20.19	20.08	20.23	23.28	24.5	33.34	35.15	40.56	35.29	31.65	35.86
Inventory Days	56.37	51.06	41.82	45.85	47.65	45.99	42.56	56.33	59.11	50.38	47.98
Payable days	138.73	108.43	113.15	125.86	149.48	171.68	136.1	136.32	144.17	167.58	189.76
PER(x)	78.58	153.77	149.46	74.82	65.79	91.64	96.36	70.5	59.63	56.42	46.57
Price/Book(x)	10.55	10.82	20.04	15.95	33.46	30.41	31.52	17.94	23.73	19.24	17.08
Dividend Yield(%)	0.71	0.7	0.33	0.86	3.21	0.36	0.59	0.98	2.1	1.38	1.67
EV/Net Sales(x)	4.65	4.08	7.84	8.19	9.54	12.38	13.02	9.53	9.13	7.11	6.5
EV/Core EBITDA(x)	39.4	64.88	73.49	42.1	39.42	52.63	61.41	43.17	37.27	32.71	28.69
Net Sales Growth(%)	16.61	15.78	12.62	-6.38	-1.23	-3.27	11.02	-9.81	19.68	12.28	9.79
EBIT Growth(%)	18.2	-48.12	124.59	93.09	22.49	-7.61	-1.47	-7.92	36.1	-2.96	13.94
PAT Growth(%)	15.09	-48.04	119.81	100.16	27.01	-9.5	10.42	-8.99	34.84	-6.78	22.93
EPS Growth(%)	15.09	-48.04	119.81	100.16	27.01	-9.49	10.42	-8.99	34.84	-6.78	22.93
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.93	1.72	1.8	2.01	1.07	1.32	1.58	2.04	1.46	1.43	1.53
Quick Ratio(x)	1.3	1.15	1.37	1.5	0.59	0.9	0.96	1.29	0.76	0.87	1.03
Interest Cover(x)	6913.5	199.28	34.65	56.05	56.54	47.19	44.19	58.72	82.8	40.06	61.86
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Gillette India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	2.11	2.17	2.18	2.34	2.5	1.52	0.66	0.61	0.64	0.71
DII	10.48	10.34	10.43	10.36	10.15	10.78	11.29	11.08	11.22	12.82
Public	12.41	12.5	12.39	12.3	12.35	12.7	13.06	13.31	13.14	11.47
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44
FII	0.07	0.07	0.07	0.08	0.08	0.05	0.02	0.02	0.02	0.02
DII	0.34	0.34	0.34	0.34	0.33	0.35	0.37	0.36	0.37	0.42
Public	0.4	0.41	0.4	0.4	0.4	0.41	0.43	0.43	0.43	0.37
Others	0	0	0	0	0	0	0	0	0	0
Total	3.26	3.26	3.26	3.26	3.26	3.26	3.26	3.26	3.26	3.26

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 37%
Company is almost debt free.

Cons

Debtor days have increased from 167.58 to 189.76days.
Stock is trading at 19.6 times its book value.
The company has delivered a poor profit growth of 9% 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.