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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 500163 | NSE: GODFRYPHLP

Godfrey Phillips India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 12:16 pm

Market Cap 34,524 Cr.
Current Price 6,640
High / Low8,480/2,005
Stock P/E38.4
Book Value 814
Dividend Yield0.85 %
ROCE22.2 %
ROE19.0 %
Face Value 2.00
PEG Ratio2.15

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Godfrey Phillips India Ltd

Competitors of Godfrey Phillips India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
VST Industries Ltd 5,313 Cr. 313487/28921.9 66.74.36 %32.2 %24.6 % 10.0
ITC Ltd 5,98,026 Cr. 478529/39929.1 60.22.88 %37.5 %28.4 % 1.00
Godfrey Phillips India Ltd 34,524 Cr. 6,6408,480/2,00538.4 8140.85 %22.2 %19.0 % 2.00
Industry Average212,621.00 Cr2,477.0029.80313.632.70%30.63%24.00%4.33

All Competitor Stocks of Godfrey Phillips India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales6116467067248281,0199207961,0461,1581,2509661,170
Expenses4644985315616267797106447949341,022778905
Operating Profit147147175164201241210152253224228188266
OPM %24%23%25%23%24%24%23%19%24%19%18%19%23%
Other Income28352725243794453385766-14
Interest78811677977676
Depreciation35363737383939373736363636
Profit before tax132139157140159238243149262219243211210
Tax %15%24%26%26%17%25%23%26%16%25%25%26%15%
Net Profit112105117104142202199147254202212215229
EPS in Rs21.6120.1822.5119.9527.3738.8238.3228.2948.9438.8740.8441.1943.96

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2,0962,4772,5862,3312,4032,3262,4972,8772,5252,6883,5624,4204,544
Expenses1,7692,1112,2192,0062,1492,0652,0942,2841,9842,0542,7593,5273,638
Operating Profit327367367324254260403592541633804892905
OPM %16%15%14%14%11%11%16%21%21%24%23%20%20%
Other Income29123237477379107119114252375147
Interest27291910421303134292625
Depreciation9391108107989899155141145154146145
Profit before tax2372592712441992333835144875688731,095882
Tax %28%32%33%30%31%32%32%25%23%23%21%19%
Net Profit170175183170137159260385376438690884858
EPS in Rs32.7033.7635.2632.6326.3930.6050.0774.0272.4184.25132.80169.84164.86
Dividend Payout %24%24%23%25%30%26%16%32%33%33%33%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)2.94%4.57%-7.10%-19.41%16.06%63.52%48.08%-2.34%16.49%57.53%28.12%
Change in YoY Net Profit Growth (%)0.00%1.63%-11.68%-12.31%35.47%47.46%-15.45%-50.41%18.83%41.04%-29.42%

Godfrey Phillips India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:12%
3 Years:21%
TTM:22%
Compounded Profit Growth
10 Years:15%
5 Years:28%
3 Years:34%
TTM:18%
Stock Price CAGR
10 Years:26%
5 Years:38%
3 Years:70%
1 Year:193%
Return on Equity
10 Years:14%
5 Years:16%
3 Years:17%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital10101010101010101010101010
Reserves1,0471,1741,3021,5661,6501,7832,0282,1772,5722,9173,5384,2224,700
Borrowings304239277132732842357396337355345248
Other Liabilities4565184844524746447857517548371,0651,2661,525
Total Liabilities1,8171,9412,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,483
Fixed Assets7417076756957006506941,0151,034983932893799
CWIP16466549131814172642221027
Investments2863272734105079241,2321,2511,5541,8442,6693,0002,693
Other Assets7738621,0601,0069878729251,0121,1181,2341,3461,9402,964
Total Assets1,8171,9412,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,483

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +19129663319245516362375310479736290
Cash from Investing Activity +-86-140-32-119-125-405-310-72-298-234-54155
Cash from Financing Activity +-106-158-31-197-125-99-43-303-16-238-206-349
Net Cash Flow-1-313-41290-46-11-4

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow23.00128.0090.00192.00181.00232.00361.00235.00145.00296.00449.00547.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days14151817271310918211514
Inventory Days246216248257187179218199222247190215
Days Payable725549424552997470757570
Cash Conversion Cycle188176217231169140130134170192131160
Working Capital Days373264837734152749512858
ROCE %18%22%18%14%12%10%16%20%15%17%22%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.83%72.83%72.83%72.83%72.83%72.58%72.58%72.58%72.58%72.58%72.58%72.58%
FIIs10.36%10.16%10.16%10.28%9.87%9.89%10.05%10.05%9.93%10.13%10.76%10.83%
DIIs1.66%1.64%1.62%1.61%1.62%1.61%1.62%1.49%1.55%1.55%1.52%1.90%
Government0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Public15.10%15.32%15.35%15.24%15.62%15.86%15.69%15.83%15.88%15.68%14.67%14.24%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%0.41%
No. of Shareholders32,58030,61130,06729,94131,55340,73944,38644,56638,93641,64038,48939,116

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Midcap Fund424,6361.51179.567,7002024-11-135414.75%
Samco Flexi Cap Fund55,9253.4423.657,7002024-11-13626.3%
ICICI Prudential FMCG Fund - Dividend31,4310.7513.297,7002024-11-13308.19%
ICICI Prudential FMCG Fund - Growth31,4310.7513.297,7002024-11-13308.19%
Nippon India Nifty Smallcap 250 Index Fund12,5520.315.317,7002024-11-1363.01%
Samco ELSS Tax Saver Fund7,7002.713.267,7002024-11-130%
LIC MF Dividend Yield Fund7,1170.913.017,7002024-11-13-7.57%
Motilal Oswal Nifty Smallcap 250 Index Fund5,7270.312.427,7002024-11-13-25.62%
LIC MF Balanced Advantage Fund4,4010.211.867,7002024-11-13-42.84%
Shriram Flexi Cap Fund2,0000.670.857,7002024-11-13-74.03%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)169.87132.8084.2572.4174.02
Diluted EPS (Rs.)169.87132.8084.2572.4174.02
Cash EPS (Rs.)167.18146.26112.1899.68103.76
Book Value[Excl.RevalReserv]/Share (Rs.)815.16683.17563.87497.43425.97
Book Value[Incl.RevalReserv]/Share (Rs.)815.16683.17563.87497.43425.97
Revenue From Operations / Share (Rs.)850.02685.17516.90485.70553.25
PBDIT / Share (Rs.)212.79186.87143.75126.93134.33
PBIT / Share (Rs.)184.72157.32115.8299.76104.48
PBT / Share (Rs.)179.69151.74109.3093.8298.67
Net Profit / Share (Rs.)139.11116.7184.2572.5073.91
NP After MI And SOA / Share (Rs.)169.84132.8084.2572.4174.02
PBDIT Margin (%)25.0327.2727.8126.1324.28
PBIT Margin (%)21.7322.9622.4020.5318.88
PBT Margin (%)21.1422.1421.1419.3117.83
Net Profit Margin (%)16.3617.0316.2914.9213.35
NP After MI And SOA Margin (%)19.9819.3816.2914.9013.37
Return on Networth / Equity (%)20.8619.4614.9614.5817.60
Return on Capital Employeed (%)20.7420.8218.3617.6321.24
Return On Assets (%)15.1113.8910.6810.0811.67
Total Debt / Equity (X)0.010.010.010.010.01
Asset Turnover Ratio (%)0.810.820.700.730.95
Current Ratio (X)1.661.372.001.931.43
Quick Ratio (X)0.460.470.990.980.49
Inventory Turnover Ratio (X)0.911.090.800.751.11
Dividend Payout Ratio (NP) (%)25.9021.0828.480.0045.93
Dividend Payout Ratio (CP) (%)22.2317.2421.390.0032.73
Earning Retention Ratio (%)74.1078.9271.520.0054.07
Cash Earning Retention Ratio (%)77.7782.7678.610.0067.27
Interest Coverage Ratio (X)42.3233.5022.0221.4023.11
Interest Coverage Ratio (Post Tax) (X)28.6621.9213.9113.2213.71
Enterprise Value (Cr.)16081.809457.545238.714719.934892.95
EV / Net Operating Revenue (X)3.642.651.951.871.70
EV / EBITDA (X)14.549.737.017.157.01
MarketCap / Net Operating Revenue (X)3.632.651.951.881.70
Retention Ratios (%)74.0978.9171.510.0054.06
Price / BV (X)3.792.671.791.842.24
Price / Net Operating Revenue (X)3.632.651.951.881.70
EarningsYield0.050.070.080.070.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Godfrey Phillips India Ltd as of November 15, 2024 is: 5,989.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Godfrey Phillips India Ltd is Overvalued by 9.80% compared to the current share price 6,640.00

Intrinsic Value of Godfrey Phillips India Ltd as of November 15, 2024 is: 7,060.72

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Godfrey Phillips India Ltd is Undervalued by 6.34% compared to the current share price 6,640.00

Last 5 Year EPS CAGR: 17.89%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.17%, which is a positive sign.
  2. The company has higher reserves (2,359.69 cr) compared to borrowings (241.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.38 cr) and profit (396.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 46.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 169.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Godfrey Phillips India Ltd:
    1. Net Profit Margin: 16.36%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.74% (Industry Average ROCE: 30.63%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.86% (Industry Average ROE: 24%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 28.66
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.46
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 38.4 (Industry average Stock P/E: 29.8)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Godfrey Phillips India Ltd. is a Public Limited Listed company incorporated on 03/12/1936 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L16004MH1936PLC008587 and registration number is 008587. Currently Company is involved in the business activities of Retail trade, except of motor vehicles and motorcycles. Company’s Total Operating Revenue is Rs. 2674.29 Cr. and Equity Capital is Rs. 10.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cigarettes & Tobacco ProductsMacropolo Building, Ground Floor, Mumbai Maharashtra 400033isc@godfreyphillips.co.in
http://www.godfreyphillips.co.in
Management
NamePosition Held
Dr. Bina ModiChairman & Managing Director
Mr. Samir ModiExecutive Director
Mr. Sharad AggarwalWhole Time Director
Mr. AtuI Kumar GuptaIndependent Director
Mrs. Nirmala BagriIndependent Director
Mr. Sumant BharadwajIndependent Director
Mr. Subramanian LakshminarayananIndependent Director
Mr. Ajay VohraIndependent Director
Dr. Lalit BhasinIndependent Director
Ms. Charu ModiAdditional Director

FAQ

What is the latest intrinsic value of Godfrey Phillips India Ltd?

The latest intrinsic value of Godfrey Phillips India Ltd as on 15 November 2024 is ₹5989.43, which is 9.80% lower than the current market price of ₹6,640.00.

What is the Market Cap of Godfrey Phillips India Ltd?

The Market Cap of Godfrey Phillips India Ltd is 34,524 Cr..

What is the current Stock Price of Godfrey Phillips India Ltd as on 15 November 2024?

The current stock price of Godfrey Phillips India Ltd as on 15 November 2024 is ₹6,640.

What is the High / Low of Godfrey Phillips India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Godfrey Phillips India Ltd stocks is 8,480/2,005.

What is the Stock P/E of Godfrey Phillips India Ltd?

The Stock P/E of Godfrey Phillips India Ltd is 38.4.

What is the Book Value of Godfrey Phillips India Ltd?

The Book Value of Godfrey Phillips India Ltd is 814.

What is the Dividend Yield of Godfrey Phillips India Ltd?

The Dividend Yield of Godfrey Phillips India Ltd is 0.85 %.

What is the ROCE of Godfrey Phillips India Ltd?

The ROCE of Godfrey Phillips India Ltd is 22.2 %.

What is the ROE of Godfrey Phillips India Ltd?

The ROE of Godfrey Phillips India Ltd is 19.0 %.

What is the Face Value of Godfrey Phillips India Ltd?

The Face Value of Godfrey Phillips India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Godfrey Phillips India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE