Godfrey Phillips India Ltd - Stock Valuation and Financial Performance

BSE: 500163 | NSE: GODFRYPHLP | Cigarettes/Tobacco | Small Cap

Godfrey Phillips Share Price

3,083.05 4.40 0.14%
as on 28-Mar'24 14:01

DeciZen - make an informed investing decision on Godfrey Phillips

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Godfrey Phillips India stock performance -

mw4me loader
P/E Ratio (SA):
19.58
Market Cap:
16,007.1 Cr.
52-wk low:
1,605.1
52-wk high:
3,687.7

Is Godfrey Phillips India Ltd an attractive stock to invest in?

1. Is Godfrey Phillips India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Godfrey Phillips India Ltd is a average quality company.

2. Is Godfrey Phillips India Ltd undervalued or overvalued?

The key valuation ratios of Godfrey Phillips India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Godfrey Phillips India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Godfrey Phillips India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Godfrey Phillips:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Godfrey Phillips India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.7%12.1%9.8%6.8%7%11.2%17.3%13.6%15.1%17.7%-
Value Creation
Index
0.1-0.1-0.3-0.5-0.5-0.20.30.00.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,4782,5862,3252,3862,3122,4772,8532,4902,6743,5605,042
Sales YoY Gr.-4.4%-10.1%2.6%-3.1%7.2%15.2%-12.7%7.4%33.1%-
Adj EPS 37.731.9292122.739.362.755.671.798157.2
YoY Gr.--15.5%-9%-27.6%8.1%73.3%59.5%-11.4%28.9%36.6%-
BVPS (₹) 223.8248.6290.4306.2328.4364.7396.4464.8523.9613.2703.6
Adj Net
Profit
196166151109118204326289373509818
Cash Flow from Ops. 29063.1326248514352377300482739-
Debt/CF from Ops. 0.84.40.40.30.10.100.30.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%9%7.7%33.1%
Adj EPS 11.2%34%16%36.6%
BVPS11.9%13.3%15.7%17.1%
Share Price 16.9% 22.1% 51.5% 71.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.813.510.877.211.416.512.914.517.223.9
Op. Profit
Mgn %
16.213.913.810.511.21620.820.723.522.516.8
Net Profit
Mgn %
7.96.46.54.65.18.311.411.613.914.316.2
Debt to
Equity
0.20.20.10.1000000-
Working Cap
Days
6773807398104971151189960
Cash Conv.
Cycle
2638423548393146513917

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.90%

Net Profit is growing at healthy rate in last 3 years 16.02%

Sales growth is good in last 4 quarters at 22.59%

Sales growth has been subdued in last 3 years 7.66%

Latest Financials - Godfrey Phillips India Ltd.

Standalone Consolidated
TTM EPS (₹) 157.2 156.9
TTM Sales (₹ Cr.) 5,042 5,042
BVPS (₹.) 703.6 764.3
Reserves (₹ Cr.) 3,648 3,963
P/BV 4.38 4.03
PE 19.58 19.62
From the Market
52 Week Low / High (₹) 1605.05 / 3687.65
All Time Low / High (₹) 22.00 / 3687.65
Market Cap (₹ Cr.) 16,007
Equity (₹ Cr.) 10.4
Face Value (₹) 2
Industry PE 25.8

Management X-Ray of Godfrey Phillips:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Godfrey Phillips

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,4782,5862,3252,3862,3122,4772,8532,4902,6743,560
Operating Expenses 2,1012,2262,0042,1382,0542,0972,2611,9732,0472,759
Manufacturing Costs122120115115143178198168177204
Material Costs9981,0931,0491,2701,1911,0701,2531,2181,2251,781
Employee Cost 208239225216203245242224240269
Other Costs 774774615536516603568362406504
Operating Profit 377360321248258380592516627802
Operating Profit Margin (%) 15.2%13.9%13.8%10.4%11.2%15.4%20.8%20.7%23.4%22.5%
Other Income 283337475479106118110168
Interest 29191032130313429
Depreciation 87102102949696152138142151
Exceptional Items -350002000000
Profit Before Tax 255271246198234363516465562790
Tax 8488746174122128108130181
Profit After Tax 171183172136161241388357432608
PAT Margin (%) 6.9%7.1%7.4%5.7%7.0%9.7%13.6%14.3%16.2%17.1%
Adjusted EPS (₹)32.835.233.026.230.946.474.668.783.1117.0
Dividend Payout Ratio (%)24%23%24%31%26%22%32%35%34%38%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,1641,2931,5101,5921,7071,8962,0612,4162,7243,188
Share Capital 10101010101010101010
Reserves 1,1531,2821,4991,5811,6971,8862,0502,4062,7133,178
Minority Interest0000000000
Debt1522077946274111153035
Long Term Debt9731270000000
Short Term Debt551755346274111153035
Trade Payables147151126163174291251239259374
Others Liabilities 435377314277408416775848834941
Total Liabilities 1,8982,0272,0292,0782,3162,6443,0973,5183,8464,538

Fixed Assets

Gross Block1,0891,1657668619001,0341,4971,6391,6911,684
Accumulated Depreciation424529100193285377523649777818
Net Fixed Assets665636666667615656974991914866
CWIP 45654913181417264221
Investments 3553223965008951,1431,1901,4761,7192,364
Inventories585738666577511569614671756856
Trade Receivables104130104175886767124156150
Cash Equivalents 23252627372837263632
Others Assets121111123118153167200205224250
Total Assets 1,8982,0272,0292,0782,3162,6443,0973,5183,8464,538

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 29063326248514352377300482739
PBT 255271246198234363516465562790
Adjustment 116978857584892687641
Changes in Working Capital 9-215645029369-109-134-1797
Tax Paid -92-93-74-57-72-128-122-99-139-189
Cash Flow From Investing Activity -135-32-126-131-409-312-70-318-232-536
Capex -113-107-135-65-57-124-115-127-713
Net Investments -20539-68-348-18639-171-167-546
Others -22302-3-25-2056
Cash Flow From Financing Activity -158-31-200-120-96-39-2997-238-206
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -85-87-21-61-26006000
Interest Paid -21-15-6-3-1-4-30-29-38-26
Dividend Paid -42-42-42-42-41-41-172-3-124-145
Others -11113-131-15-286-97-22-76-35
Net Cash Flow -310-3907-1112-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.4714.9112.258.799.7513.3719.615.9416.8120.58
ROCE (%)20.6319.5515.9412.1813.8819.827.2421.7222.727.39
Asset Turnover Ratio2.272.272.12.141.361.081.090.890.881.02
PAT to CFO Conversion(x)1.70.341.91.823.191.460.970.841.121.22
Working Capital Days
Receivable Days810101216118121613
Inventory Days49546052677369808169
Payable Days56494742527979737465

Godfrey Phillips India Ltd Stock News

Godfrey Phillips India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Godfrey Phillips on 28-Mar-2024 14:01 is ₹3,083.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 14:01 the market cap of Godfrey Phillips stood at ₹16,007.1.
The latest P/E ratio of Godfrey Phillips as of 28-Mar-2024 14:01 is 19.58.
The latest P/B ratio of Godfrey Phillips as of 28-Mar-2024 14:01 is 4.38.
The 52-week high of Godfrey Phillips is ₹3,687.7 and the 52-week low is ₹1,605.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godfrey Phillips is ₹5,042 ( Cr.) .

About Godfrey Phillips India Ltd

Godfrey Phillips India Limited, flagship company of Modi Enterprises, is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.

It has expanded its product portfolio beyond cigarettes and tobacco and entered India’s highly competitive chewing products, mouth freshener, confectionery segment and retail. Pan Vilas pan masala, Pan Vilas Silver Dewz - a silver-coated Elaichi (cardamom seed) and Funda Goli candies are all manufactured by the Company at attractive price points. Its premium retail outlets 24Seven is already a brand to contend with. Its brands are popular and it is a successful company because its people love what they do, are fully committed to its consumers and are a great team to work with.

The company’s Cigarette manufacturing units located in Rabale and Guldhar have top brass technology partners like Phillip Morris, G.D., Comas, SMC, Luwa, Forbes Marshall, Honeywell, Miebach, Nefab, Kaesar, and the Haulotte Group.

Business area of the company

It is one of the largest FMCG companies in India. It makes some of the most popular cigarette brands in the country like Four Square, Red and White, Cavanders, Tipper and North Pole. It also manufactures and distributes iconic brand Marlboro under a license agreement with Philip Morris. It has expanded business interests in chewing products, mouth fresheners, confectionary and retail.

Business Divisions

Cigarettes

  • Marlboro
  • Four Square
  • Red & White
  • Cavanders
  • Stellar
  • North Pole and Tipper

Chewing

  • Pan Vilas
  • Pan Vilas Silver Dewz
  • Raag

Retail

  • 24SEVEN

Confectionary

Awards and Recognition

2017-18

  • Rabale Cigarette Factory received Vasundhara Award for Environment Performance, Green Tech Platinum Award for Safety Performance and Excellence Award from “INSAAN” Society.
  • Ghaziabad Chewing Factory received Best Food Safety Award by ASSOCHAM and Gold Award in Best Practices in HR Domain by GMA.

2018-19

  • Rabale cigarette factory received Green Tech Safety “Gold Award” for outstanding achievement in safety management. Green Tech ‘Platinum Award for Safety Performance’ for exceptional achievement in environment management and Excellence Award from “INSAAN” society.
  • Ghaziabad chewing factory has been certified on Environment Management System ISO 14001:2015 by TUV SUD South Asia Private Limited in March 2019.

2019-20

  • Guldhar factory received Greentech Environment “Winner Award” for exceptional achievement & initiatives in environment management.
  • Rabale factory received Green tech Safety “Platinum Award” for outstanding achievement in safety management and environment management.
  • Rabale factory received excellence award from `INSAAN’ society on suggestions schemes.
  • Chewing Ghaziabad plant won Prestigious “GREENTECH Award 2019” in the field of “Environment safety 2019”.
  • Participated in the Asia Collaborative Study organized by TIOJ, Japan in which 69 laboratories from 54 countries took part. The results obtained by its laboratory were found to be at par with any national or international laboratory on the basis of the Z-score issued by TIOJ.
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