Godfrey Phillips

₹3382 -68.9 | 2%

WEBSITE BSE:500163 NSE : GODFREY PH 10 May, 16:01

Market Cap ₹17584 Cr.

Stock P/E 21.6

P/B 4.4

Current Price ₹3382

Book Value ₹ 764.3

Face Value 2

52W High ₹3687.7

Dividend Yield 1.3%

52W Low ₹ 1605.1

Edit Ratio

Godfrey Phillips Research see more...

Overview Inc. Year: 1936Industry: Cigarettes/Tobacco

Godfrey Phillips India Ltd is an India-based business enterprise, which is engaged in production of cigarettes, tobacco merchandise and chewing merchandise and in trading of tobacco merchandise and different retail merchandise. Its segments comprises Cigarette, tobacco and associated merchandise; and Retail and associated merchandise. It offers cigarette under diverse brands, including Marlboro, Four Square, Red & White, Cavanders, Stellar and North Pole and Tipper. It offers chewing merchandise below numerous manufacturers , inclusive of Pan Vilas, Pan Vilas Silver Dewz and Raag. Its retail brand 24SEVEN, which is a convenience store chain with approximately 100 shops throughout Delhi National Capital Territory (NCR) and Chandigarh. It offers confectionery products underneath Funda Goli emblem, which includes flavours, consisting of tangy orange to rasili lychee, kaccha aam, mast guava and green apple. It manufactures composite leaf blends and cut tobacco. It also gives Roll-your-own (RYO) cigarettes.

Godfrey Phillips Share Price

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Godfrey Phillips Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	773	867	853	982	1192	1112	974	1245	1375	1488
Other Income	35	27	25	2	43	79	44	53	38	57
Total Income	808	894	878	984	1235	1191	1018	1298	1413	1545
Total Expenditure	625	692	689	781	951	902	822	993	1151	1260
Operating Profit	182	202	188	203	284	288	196	306	262	285
Interest	8	8	11	6	7	7	9	7	7	6
Depreciation	36	37	37	38	39	39	37	37	36	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	139	157	140	159	238	243	149	262	219	243
Provision for Tax	34	40	36	28	60	56	39	41	56	60
Profit After Tax	105	117	104	131	178	187	111	221	163	183
Adjustments	0	0	-0	11	24	12	37	33	39	30
Profit After Adjustments	105	117	104	142	202	199	147	254	202	212
Adjusted Earnings Per Share	20.2	22.5	20	27.4	38.8	38.3	28.3	48.9	38.9	40.8

Godfrey Phillips Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2098	2479	2587	2331	2403	2326	2497	2877	2525	2688	3562	5082
Other Income	29	27	32	37	47	55	79	107	119	114	168	192
Total Income	2127	2506	2619	2368	2450	2380	2576	2983	2644	2802	3731	5274
Total Expenditure	1771	2091	2220	2007	2150	2067	2094	2285	1984	2054	2759	4226
Operating Profit	356	414	398	360	300	313	482	698	660	747	972	1049
Interest	27	29	19	10	4	2	1	30	31	34	29	29
Depreciation	93	91	108	107	98	98	99	155	141	145	154	146
Exceptional Income / Expenses	0	-35	0	0	0	20	0	0	0	0	0	0
Profit Before Tax	237	259	271	244	199	233	383	514	487	568	873	873
Provision for Tax	67	84	89	74	62	74	123	129	111	130	182	196
Profit After Tax	169	175	183	170	137	159	260	385	376	438	690	678
Adjustments	1	1	1	0	0	0	0	0	0	0	0	139
Profit After Adjustments	170	176	183	170	137	159	260	385	377	438	690	815
Adjusted Earnings Per Share	32.7	33.8	35.3	32.6	26.4	30.6	50.1	74	72.4	84.3	132.8	156.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	7%	9%	5%
Operating Profit CAGR	30%	12%	25%	11%
PAT CAGR	58%	21%	34%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	98%	58%	27%	18%
ROE Average	21%	18%	17%	15%
ROCE Average	28%	23%	23%	20%

Godfrey Phillips Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1057	1184	1313	1576	1660	1793	2039	2187	2582	2928	3548
Minority's Interest	2	1	4	44	40	37	33	29	5	5	5
Borrowings	166	97	31	27	0	1	1	1	1	1	1
Other Non-Current Liabilities	45	33	36	58	74	71	56	365	353	345	374
Total Current Liabilities	546	617	672	454	433	563	738	713	791	822	1040
Total Liabilities	1817	1932	2057	2159	2208	2465	2866	3295	3732	4102	4968
Fixed Assets	741	707	675	695	695	641	686	1006	1025	947	897
Other Non-Current Assets	192	349	401	448	498	855	1093	1233	1183	1506	2652
Total Current Assets	883	876	981	1012	1012	969	1087	1057	1524	1649	1419
Total Assets	1817	1932	2057	2159	2208	2465	2866	3295	3732	4102	4968

Godfrey Phillips Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	13	12	10	11	15	11	23	31	32	28	34
Cash Flow from Operating Activities	191	296	63	319	245	516	362	375	310	479	736
Cash Flow from Investing Activities	-86	-140	-32	-119	-125	-405	-310	-72	-298	-234	-541
Cash Flow from Financing Activities	-106	-158	-31	-197	-125	-99	-43	-303	-16	-238	-206
Net Cash Inflow / Outflow	-1	-2	1	3	-4	12	9	0	-4	6	-11
Closing Cash & Cash Equivalent	12	10	11	13	11	23	31	32	28	34	23

Godfrey Phillips Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	32.7	33.76	35.26	32.63	26.39	30.6	50.07	74.02	72.41	84.25	132.8
CEPS(Rs)	50.39	51.13	55.91	53.17	45.14	49.52	69.01	103.86	99.58	112.17	162.34
DPS(Rs)	8	8	8	8	8	8	10	24	24	28	44
Book NAV/Share(Rs)	203.37	227.78	252.46	303.09	319.35	344.92	392.11	420.69	496.61	563.06	682.37
Core EBITDA Margin(%)	8.97	9.24	8.23	7.58	5.74	8.63	14.89	18.75	18.16	19.5	18.74
EBIT Margin(%)	7.24	6.87	6.52	5.95	4.6	7.84	14.19	17.23	17.38	18.54	21.03
Pre Tax Margin(%)	6.5	6.17	6.09	5.71	4.51	7.78	14.15	16.28	16.35	17.49	20.35
PAT Margin (%)	4.65	4.17	4.1	3.98	3.1	5.31	9.62	12.2	12.63	13.48	16.1
Cash Profit Margin (%)	7.19	6.34	6.53	6.48	5.32	8.6	13.26	17.12	17.37	17.95	19.69
ROA(%)	9.76	9.33	9.15	8.05	6.27	6.81	9.77	12.49	10.71	11.18	15.22
ROE(%)	17	15.6	14.62	11.75	8.46	9.21	13.58	18.21	15.79	15.9	21.32
ROCE(%)	20.08	20.68	19.27	15.41	11.78	13.21	19.68	25.41	21.33	21.44	27.56
Receivable days	7.73	7.96	9.56	10.17	11.87	16.14	10.42	7.95	11.75	15.6	12.95
Inventory Days	46.34	49.33	54.65	63.36	57.48	75.42	82.73	76.9	87.62	88.31	74.78
Payable days	61.35	56.53	49.58	46.75	39.97	50.11	78.34	78.67	72.69	72.37	63.35
PER(x)	16.78	18.95	12.04	36.42	42.93	26.83	23.16	12.73	12.6	11.99	13.7
Price/Book(x)	2.7	2.81	1.68	3.92	3.55	2.38	2.96	2.24	1.84	1.79	2.67
Dividend Yield(%)	1.46	1.25	1.88	0.67	0.71	0.97	0.86	2.55	2.63	2.77	2.42
EV/Net Sales(x)	1.49	1.43	0.95	2.69	2.47	1.83	2.41	1.69	1.89	1.95	2.65
EV/Core EBITDA(x)	8.79	8.54	6.17	17.42	19.75	13.59	12.5	6.96	7.23	7	9.73
Net Sales Growth(%)	9.79	18.18	4.36	-9.91	3.09	-3.2	7.38	15.19	-12.21	6.42	32.55
EBIT Growth(%)	-8.72	9.14	0.83	-12.49	-20.07	15.77	63.78	41.6	-4.62	16.22	49.72
PAT Growth(%)	-6.41	3.16	4.41	-7.04	-19.16	16.2	63.89	47.84	-2.04	16.35	57.63
EPS Growth(%)	-6.32	3.24	4.43	-7.45	-19.12	15.94	63.61	47.85	-2.17	16.35	57.62
Debt/Equity(x)	0.29	0.2	0.21	0.08	0.04	0.02	0.02	0.01	0.03	0.01	0.01
Current Ratio(x)	1.62	1.42	1.46	2.23	2.34	1.72	1.47	1.48	1.93	2	1.37
Quick Ratio(x)	0.62	0.46	0.35	0.6	0.83	0.69	0.61	0.52	0.99	1	0.47
Interest Cover(x)	9.8	9.93	15.16	25.07	56.88	140.63	396.75	17.99	16.8	17.74	31.08
Total Debt/Mcap(x)	0.11	0.07	0.13	0.02	0.01	0.01	0.01	0	0.02	0.01	0

Godfrey Phillips Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.83	72.83	72.83	72.83	72.58	72.58	72.58	72.58	72.58	72.58
FII	10.16	10.16	10.28	9.87	9.89	10.05	10.04	9.93	10.13	10.77
DII	1.69	1.67	1.65	1.67	1.67	1.67	1.54	1.6	1.61	1.58
Public	15.32	15.35	15.24	15.63	15.87	15.69	15.84	15.9	15.69	15.07
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	3.79	3.79	3.79	3.79	3.77	3.77	3.77	3.77	3.77	3.77
FII	0.53	0.53	0.53	0.51	0.51	0.52	0.52	0.52	0.53	0.56
DII	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08
Public	0.8	0.8	0.79	0.81	0.82	0.82	0.82	0.83	0.82	0.78
Others	0	0	0	0	0	0	0	0	0	0
Total	5.2	5.2	5.2	5.2	5.2	5.2	5.2	5.2	5.2	5.2

Pros

Company has delivered good profit growth of 34% CAGR over last 5 years
Debtor days have improved from 72.37 to 63.35days.
Company is almost debt free.

Cons

Stock is trading at 4.4 times its book value.

* 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.

Godfrey Phillips News

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Godfrey Phillips

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Godfrey Phillips Research see more...

Overview Inc. Year: 1936Industry: Cigarettes/Tobacco

Godfrey Phillips Share Price

Alert Data

Quarterly Price

Peer Comparison

Godfrey Phillips Quarterly Results

Godfrey Phillips Profit & Loss

Growth Rates

Godfrey Phillips Balance Sheet

Godfrey Phillips Cash Flow

Godfrey Phillips Ratios

Godfrey Phillips Shareholding Pattern

Godfrey Phillips News

IPO

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