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Godfrey Phillips India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,404.00Overvalued by 27.14%vs CMP ₹1,927.00

P/E (23.2) × ROE (19.9%) × BV (₹374.00) × DY (1.64%)

₹1,028.14Overvalued by 46.65%vs CMP ₹1,927.00
MoS: -87.4% (Negative)Confidence: 58/100 (Moderate)Models: 2 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,740.9223%Fair (-9.7%)
Graham NumberEarnings₹832.2517%Over (-56.8%)
Earnings PowerEarnings₹460.4611%Over (-76.1%)
DCFCash Flow₹2,008.0911%Fair (+4.2%)
Net Asset ValueAssets₹373.457%Over (-80.6%)
EV/EBITDAEnterprise₹655.949%Over (-66%)
Earnings YieldEarnings₹823.107%Over (-57.3%)
ROCE CapitalReturns₹565.149%Over (-70.7%)
Revenue MultipleRevenue₹359.676%Over (-81.3%)
Consensus (9 models)₹1,028.14100%Overvalued
Key Drivers: Wide model spread (₹360–₹2,008) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 24.0%

*Investments are subject to market risks

Analyst Summary

Godfrey Phillips India Ltd operates in the Cigarettes & Tobacco Products segment, NSE: GODFRYPHLP | BSE: 500163, current market price is ₹1,927.00, market cap is 30,062 Cr.. At a glance, stock P/E is 23.2, ROE is 19.9 %, ROCE is 26.3 %, book value is 374, dividend yield is 1.64 %. The latest intrinsic value estimate is ₹1,028.14, around 46.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹5,611 Cr versus the prior period change of 39.6%, while latest net profit is about ₹1,072 Cr with a prior-period change of 21.3%. The 52-week range shown on this page is 3,947/1,832, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGodfrey 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(CI…

This summary is generated from the stock page data available for Godfrey Phillips India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

72
Godfrey Phillips India Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 26.3% ExcellentROE 19.9% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.57% (6mo) SellingDII holding up 0.92% MF buyingPromoter holding at 72.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 22% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +26% YoY AcceleratingProfit (4Q): +27% YoY Strong
Industry Rank60/100 · Moderate
P/E 23.2 vs industry 19.5 In-lineROCE 26.3% vs industry 23.6% Average3Y sales CAGR: 28% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:58 am

Market Cap 30,062 Cr.
Current Price 1,927
Intrinsic Value₹1,028.14
High / Low 3,947/1,832
Stock P/E23.2
Book Value 374
Dividend Yield1.64 %
ROCE26.3 %
ROE19.9 %
Face Value 2.00
PEG Ratio0.97

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

View Share Price Target for Godfrey Phillips India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Godfrey Phillips India Ltd 30,062 Cr. 1,927 3,947/1,83223.2 3741.64 %26.3 %19.9 % 2.00
VST Industries Ltd 3,586 Cr. 211 350/20015.7 74.74.74 %20.8 %16.5 % 10.0
Industry Average16,824.00 Cr1,069.0019.45224.353.19%23.55%18.20%6.00

All Competitor Stocks of Godfrey Phillips India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9207961,0461,1581,2508751,0881,3601,5891,5731,4861,2891,829
Expenses 7106447949341,0226858191,0831,2281,3041,1499751,449
Operating Profit 210152253224228191270277361269338314380
OPM % 23%19%24%19%18%22%25%20%23%17%23%24%21%
Other Income 794453388711440948013614110194
Interest 7977643334333
Depreciation 39373736362827272842282931
Profit before tax 243149262219272273280341411359448383440
Tax % 23%26%16%25%22%21%18%27%23%22%20%20%22%
Net Profit 199147254202212215229248316280356305343
EPS in Rs 12.779.4316.3112.9513.6113.7314.6515.9220.2517.9022.8419.5622.01

Last Updated: February 5, 2026, 9:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,4772,5862,3312,4032,3262,4972,8772,5252,6883,5624,0185,6116,177
Expenses 2,1112,2192,0062,1492,0652,0942,2841,9842,0542,7593,1154,4344,876
Operating Profit 3673673242542604035925416338049031,1771,301
OPM % 15%14%14%11%11%16%21%21%24%23%22%21%21%
Other Income 123237477379107119114252328349472
Interest 29191042130313429141212
Depreciation 91108107989899155141145154108124130
Profit before tax 2592712441992333835144875688731,1091,3901,631
Tax % 32%33%30%31%32%32%25%23%23%21%20%23%
Net Profit 1751831701371592603853764386908841,0721,284
EPS in Rs 11.2511.7510.888.8010.2016.6924.6724.1428.0844.2656.6168.7282.31
Dividend Payout % 24%23%25%30%26%16%32%33%33%33%33%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)4.57%-7.10%-19.41%16.06%63.52%48.08%-2.34%16.49%57.53%28.12%21.27%
Change in YoY Net Profit Growth (%)0.00%-11.68%-12.31%35.47%47.46%-15.45%-50.41%18.83%41.04%-29.42%-6.85%

Godfrey Phillips India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:14%
3 Years:28%
TTM:38%
Compounded Profit Growth
10 Years:19%
5 Years:24%
3 Years:36%
TTM:32%
Stock Price CAGR
10 Years:34%
5 Years:62%
3 Years:115%
1 Year:63%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:19%
Last Year:20%

Last Updated: September 5, 2025, 5:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:18 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101031
Reserves 1,1741,3021,5661,6501,7832,0282,1772,5722,9173,5384,2225,2355,795
Borrowings 239277132732842357396337355345179175
Other Liabilities 5184844524746447857517548371,0651,2661,5442,100
Total Liabilities 1,9412,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,9698,102
Fixed Assets 7076756957006506941,0151,034983932893732725
CWIP 46654913181417264222102383
Investments 3272734105079241,2321,2511,5541,8442,6693,0003,1973,736
Other Assets 8621,0601,0069878729251,0121,1181,2341,3461,9403,0173,557
Total Assets 1,9412,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,9698,102

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 29663319245516362375310479736290107
Cash from Investing Activity + -140-32-119-125-405-310-72-298-234-54155402
Cash from Financing Activity + -158-31-197-125-99-43-303-16-238-206-359-491
Net Cash Flow -313-41290-46-11-1318
Free Cash Flow 179-45188177457233254180405736192-53
CFO/OP 106%43%122%119%226%122%84%75%98%115%54%32%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow128.0090.00192.00181.00232.00361.00235.00145.00296.00449.00558.00-178.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 15181727131091821151634
Inventory Days 216248257187179218199222247190242224
Days Payable 554942455299747075756756
Cash Conversion Cycle 176217231169140130134170192131191202
Working Capital Days 23397470309213342215689
ROCE %22%18%14%12%10%16%20%15%17%22%23%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%
FIIs 10.05%10.05%9.93%10.13%10.76%10.83%10.80%10.63%9.72%9.32%7.94%8.15%
DIIs 1.62%1.49%1.55%1.55%1.52%1.90%1.97%1.99%3.29%3.85%4.12%4.21%
Government 0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.02%0.02%
Public 15.69%15.83%15.88%15.68%14.67%14.24%14.19%14.43%14.36%14.21%15.33%15.03%
Others 0.00%0.00%0.00%0.00%0.41%0.41%0.41%0.33%0.00%0.00%0.00%0.00%
No. of Shareholders 44,38644,56638,93641,64038,48939,11673,82678,18974,99463,7141,12,7661,23,283

Shareholding Pattern Chart

No. of Shareholders

Godfrey Phillips India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Midcap Fund 1,108,021 1.85 225.54424,6362025-12-07 04:01:01160.93%
JM Flexicap Fund 728,802 2.88 148.35794,1012026-02-23 02:57:59-8.22%
HSBC Value Fund 607,700 0.85 123.71,139,7392026-02-23 07:35:07-46.68%
HDFC Large and Mid Cap Fund 437,416 0.32 89.04N/AN/AN/A
Mahindra Manulife Small Cap Fund 299,319 1.53 60.93N/AN/AN/A
HSBC Large & Mid Cap Fund 227,751 1.01 46.36N/AN/AN/A
HSBC Small Cap Fund 214,900 0.29 43.74N/AN/AN/A
JM Midcap Fund 190,151 3.5 38.71195,1502025-12-15 00:48:10-2.56%
JM Value Fund 156,367 3.6 31.83146,3672026-01-26 01:09:176.83%
JM Small Cap Fund 142,161 4.61 28.94N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 206.81169.87132.8084.2572.41
Diluted EPS (Rs.) 206.81169.87132.8084.2572.41
Cash EPS (Rs.) 189.83167.18146.26112.1899.68
Book Value[Excl.RevalReserv]/Share (Rs.) 1008.70815.16683.17563.87497.43
Book Value[Incl.RevalReserv]/Share (Rs.) 1008.70815.16683.17563.87497.43
Revenue From Operations / Share (Rs.) 1079.17850.02685.17516.90485.70
PBDIT / Share (Rs.) 268.88212.79186.87143.75126.93
PBIT / Share (Rs.) 245.10184.72157.32115.8299.76
PBT / Share (Rs.) 242.74179.69151.74109.3093.82
Net Profit / Share (Rs.) 166.05139.11116.7184.2572.50
NP After MI And SOA / Share (Rs.) 206.18169.84132.8084.2572.41
PBDIT Margin (%) 24.9125.0327.2727.8126.13
PBIT Margin (%) 22.7121.7322.9622.4020.53
PBT Margin (%) 22.4921.1422.1421.1419.31
Net Profit Margin (%) 15.3816.3617.0316.2914.92
NP After MI And SOA Margin (%) 19.1019.9819.3816.2914.90
Return on Networth / Equity (%) 20.4420.8619.4614.9614.58
Return on Capital Employeed (%) 23.0120.7420.8218.3617.63
Return On Assets (%) 15.3815.1113.8910.6810.08
Total Debt / Equity (X) 0.010.010.010.010.01
Asset Turnover Ratio (%) 0.870.810.820.700.73
Current Ratio (X) 2.101.661.372.001.93
Quick Ratio (X) 0.700.460.470.990.98
Inventory Turnover Ratio (X) 3.260.911.090.800.75
Dividend Payout Ratio (NP) (%) 43.9625.9021.0828.480.00
Dividend Payout Ratio (CP) (%) 39.4222.2317.2421.390.00
Earning Retention Ratio (%) 56.0474.1078.9271.520.00
Cash Earning Retention Ratio (%) 60.5877.7782.7678.610.00
Interest Coverage Ratio (X) 113.5342.3233.5022.0221.40
Interest Coverage Ratio (Post Tax) (X) 77.6528.6621.9213.9113.22
Enterprise Value (Cr.) 35169.8516081.809457.545238.714719.93
EV / Net Operating Revenue (X) 6.273.642.651.951.87
EV / EBITDA (X) 25.1614.549.737.017.15
MarketCap / Net Operating Revenue (X) 6.273.632.651.951.88
Retention Ratios (%) 56.0374.0978.9171.510.00
Price / BV (X) 6.703.792.671.791.84
Price / Net Operating Revenue (X) 6.273.632.651.951.88
EarningsYield 0.030.050.070.080.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Manufacture of cigarettes, cigarette tobacco. Company's Total Operating Revenue is Rs. 5602.01 Cr. and Equity Capital is Rs. 10.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Cigarettes & Tobacco ProductsMacropolo Building, Mumbai Maharashtra 400033Contact not found
Management
NamePosition Held
Dr. Bina ModiChairman & Managing Director
Ms. Charu ModiExecutive Director
Mr. Paul Norman JanelleNon Executive Director
Mr. Sharad AggarwalWhole Time Director
Mrs. Nirmala BagriIndependent Director
Mr. Sumant BharadwajIndependent Director
Mr. Subramanian LakshminarayananIndependent Director
Mr. Ajay VohraIndependent Director
Mr. Avtar Singh MongaIndependent Director

FAQ

What is the intrinsic value of Godfrey Phillips India Ltd and is it undervalued?

As of 23 April 2026, Godfrey Phillips India Ltd's intrinsic value is ₹1028.14, which is 46.65% lower than the current market price of ₹1,927.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.9 %), book value (₹374), dividend yield (1.64 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Godfrey Phillips India Ltd?

Godfrey Phillips India Ltd is trading at ₹1,927.00 as of 23 April 2026, with a FY2026-2027 high of ₹3,947 and low of ₹1,832. The stock is currently near its 52-week low. Market cap stands at ₹30,062 Cr..

How does Godfrey Phillips India Ltd's P/E ratio compare to its industry?

Godfrey Phillips India Ltd has a P/E ratio of 23.2, which is above the industry average of 19.45. The premium over industry average may reflect growth expectations or speculative interest.

Is Godfrey Phillips India Ltd financially healthy?

Key indicators for Godfrey Phillips India Ltd: ROCE of 26.3 % indicates efficient capital utilization; ROE of 19.9 % shows strong shareholder returns. Dividend yield is 1.64 %.

Is Godfrey Phillips India Ltd profitable and how is the profit trend?

Godfrey Phillips India Ltd reported a net profit of ₹1,072 Cr in Mar 2025 on revenue of ₹5,611 Cr. Compared to ₹438 Cr in Mar 2022, the net profit shows an improving trend.

Does Godfrey Phillips India Ltd pay dividends?

Godfrey Phillips India Ltd has a dividend yield of 1.64 % at the current price of ₹1,927.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 2:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500163 | NSE: GODFRYPHLP
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
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