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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 507815 | NSE: GILLETTE

Gillette India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:36 pm

Market Cap 29,890 Cr.
Current Price 9,174
High / Low10,633/5,950
Stock P/E66.1
Book Value 298
Dividend Yield0.49 %
ROCE58.9 %
ROE42.5 %
Face Value 10.0
PEG Ratio5.91

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

View Share Price Target for Gillette India Ltd

Competitors of Gillette India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honasa Consumer Ltd 7,731 Cr. 238547/237102 35.50.00 %17.1 %% 10.0
Ambica Agarbathies Aroma & Industries Ltd 51.2 Cr. 29.943.2/23.234.2 60.60.00 %5.07 %3.65 % 10.0
Ador Multi Products Ltd 15.1 Cr. 32.345.9/30.1 23.20.00 %33.6 %26.7 % 10.0
Kaya Ltd 460 Cr. 348702/267 1060.00 %80.4 %% 10.0
Jyothy Labs Ltd 14,885 Cr. 405596/36739.6 51.40.86 %27.0 %21.2 % 1.00
Industry Average72,450.14 Cr2,175.3453.02103.770.70%36.77%29.68%4.94

All Competitor Stocks of Gillette India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales436573563567553620619619619668639681645
Expenses384448449435441484493485476531484520471
Operating Profit52125114132112136126134144137156160175
OPM %12%22%20%23%20%22%20%22%23%20%24%24%27%
Other Income33212331259765
Interest3025203130333
Depreciation15161618191819222220212121
Profit before tax381129711092120106123124125139143155
Tax %27%27%27%37%27%28%30%16%26%26%25%31%25%
Net Profit28827069688774103929310499116
EPS in Rs8.4525.1421.6421.2720.7426.6322.8531.5228.1628.4531.9030.4135.59

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023TTM
Sales1,2201,4241,6621,8751,7551,7331,6771,8621,6791,9822,2562,4772,546
Expenses1,1121,2901,5891,6841,4481,3481,2901,4781,3191,5221,7731,9371,976
Operating Profit10813473191306385387384360460483540570
OPM %9%9%4%10%17%22%23%21%21%23%21%22%22%
Other Income333638685034811113272232
Interest00056778551187
Depreciation24313339303842485158688184
Profit before tax11713878215320374345339314429411473511
Tax %35%37%34%26%33%32%34%25%27%28%30%25%
Net Profit768751158214253229253230310289356391
EPS in Rs23.2426.7515.7848.5365.7377.6770.2977.6270.6495.2588.79109.15120.03
Dividend Payout %65%56%95%31%60%211%33%57%69%125%78%78%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:10%
TTM:9%
Compounded Profit Growth
10 Years:23%
5 Years:10%
3 Years:10%
TTM:25%
Stock Price CAGR
10 Years:11%
5 Years:6%
3 Years:19%
1 Year:44%
Return on Equity
10 Years:34%
5 Years:36%
3 Years:39%
Last Year:42%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 4:14 pm

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Equity Capital333333333333333333333333
Reserves617611710904468662746879756829956939
Borrowings000000000000
Other Liabilities390411468488498515432441606758927859
Total Liabilities1,0391,0541,2101,4249981,2091,2101,3521,3951,6191,9161,831
Fixed Assets170173156178214264300296310363389347
CWIP306163886340252172653226
Investments000000000000
Other Assets8398219911,1587219048861,0341,0131,1911,4941,458
Total Assets1,0391,0541,2101,4249981,2091,2101,3521,3951,6191,9161,831

Reserves and Borrowings Chart

Cash Flow

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Cash from Operating Activity +2996172279248237134225443462463509
Cash from Investing Activity +78-36-10315514-77-65-29-79-112-67-49
Cash from Financing Activity +-57-57-58-79-684-39-165-105-430-225-231-440
Net Cash Flow51312356-422121-9591-6612516420

Free Cash Flow

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Free Cash Flow108.00134.0073.00191.00306.00385.00387.00384.00360.00460.00483.00540.00

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

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Debtor Days242023232738364136434738
Inventory Days13110487104103105104136152130127131
Days Payable122116116137150173126138169193209212
Cash Conversion Cycle339-6-10-19-30154019-20-35-43
Working Capital Days482749-10-17-18153514-0-3-7
ROCE %22%12%35%39%54%60%48%38%51%51%52%58%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs2.10%2.11%2.17%2.18%2.34%2.50%1.52%0.66%0.61%0.64%0.71%1.84%
DIIs10.54%10.49%10.34%10.43%10.37%10.16%10.78%11.29%11.08%11.22%12.82%12.08%
Public12.36%12.41%12.50%12.39%12.31%12.35%12.71%13.06%13.32%13.15%11.48%11.08%
No. of Shareholders48,21749,86951,03149,76247,76247,61548,18950,90650,83649,67551,11847,721

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life ELSS Tax Saver Fund464,0892.04305.64190,0002024-11-20144.26%
Aditya Birla Sun Life MNC Fund - Div194,5723.57128.14190,0002024-11-202.41%
Aditya Birla Sun Life MNC Fund - Gr194,5723.57128.14190,0002024-11-202.41%
Nippon India Multi Cap Fund190,0000.49125.13190,0002024-11-200%
Nippon India Large Cap Fund165,0000.51108.67190,0002024-11-20-13.16%
ICICI Prudential India Opportunities Fund127,0950.5283.7190,0002024-11-20-33.11%
ICICI Prudential Smallcap Fund117,4821.0477.37190,0002024-11-20-38.17%
ICICI Prudential FMCG Fund - Dividend100,4594.4466.16190,0002024-11-20-47.13%
ICICI Prudential FMCG Fund - Growth100,4594.4466.16190,0002024-11-20-47.13%
ICICI Prudential Bharat Consumption Fund94,4942.8262.23190,0002024-11-20-50.27%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthJun 23Jun 22Jun 21Jun 20Jun 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)109.1588.7995.2570.6477.62
Diluted EPS (Rs.)109.1588.7995.2570.6477.62
Cash EPS (Rs.)133.90109.75112.8986.2992.24
Book Value[Excl.RevalReserv]/Share (Rs.)303.42264.25242.10279.62238.83
Book Value[Incl.RevalReserv]/Share (Rs.)303.42264.25242.10279.62238.83
Dividend / Share (Rs.)85.0069.00119.0049.0044.00
Revenue From Operations / Share (Rs.)760.06692.28616.58515.21571.23
PBDIT / Share (Rs.)172.25150.42151.04113.67121.08
PBIT / Share (Rs.)147.49129.44133.3998.01106.44
PBT / Share (Rs.)145.10126.21131.7896.34104.03
Net Profit / Share (Rs.)109.1488.7895.2470.6377.61
PBDIT Margin (%)22.6621.7224.4922.0621.19
PBIT Margin (%)19.4018.6921.6319.0218.63
PBT Margin (%)19.0918.2321.3718.6918.21
Net Profit Margin (%)14.3512.8215.4413.7013.58
Return on Networth / Equity (%)35.9633.5939.3325.2532.49
Return on Capital Employeed (%)43.6844.6650.0632.8340.45
Return On Assets (%)18.5617.9822.2417.0220.90
Asset Turnover Ratio (%)1.411.501.461.311.54
Current Ratio (X)1.531.431.462.021.69
Quick Ratio (X)1.030.870.761.271.03
Inventory Turnover Ratio (X)1.731.601.480.721.08
Dividend Payout Ratio (NP) (%)65.0477.71138.5735.3854.11
Dividend Payout Ratio (CP) (%)53.0162.85116.9128.9645.52
Earning Retention Ratio (%)34.9622.29-38.5764.6245.89
Cash Earning Retention Ratio (%)46.9937.15-16.9171.0454.48
Interest Coverage Ratio (X)72.2546.5593.7668.1050.27
Interest Coverage Ratio (Post Tax) (X)46.7828.4860.1243.3133.22
Enterprise Value (Cr.)16107.6616033.2618343.1715994.4124230.87
EV / Net Operating Revenue (X)6.507.119.139.5313.02
EV / EBITDA (X)28.6932.7137.2743.1761.41
MarketCap / Net Operating Revenue (X)6.697.249.219.6613.09
Retention Ratios (%)34.9522.28-38.5764.6145.88
Price / BV (X)16.7518.9623.4617.8131.31
Price / Net Operating Revenue (X)6.697.249.219.6613.09
EarningsYield0.020.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gillette India Ltd as of November 21, 2024 is: 8,412.59

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 21, 2024, Gillette India Ltd is Overvalued by 8.30% compared to the current share price 9,174.00

Intrinsic Value of Gillette India Ltd as of November 21, 2024 is: 9,353.57

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 21, 2024, Gillette India Ltd is Undervalued by 1.96% compared to the current share price 9,174.00

Last 5 Year EPS CAGR: 11.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 43.33%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 11.08, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -3.92, which is a positive sign.
  4. The company has higher reserves (756.42 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (1.23 cr) and profit (312.62 cr) over the years.

    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 Gillette India Ltd:
      1. Net Profit Margin: 14.35%
        • 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: 43.68% (Industry Average ROCE: 36.77%)
        • 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%: 35.96% (Industry Average ROE: 25.97%)
        • 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): 46.78
        • 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: 1.03
        • 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: 66.1 (Industry average Stock P/E: 43.08)
        • 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
        • 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

    Gillette India Ltd. is a Public Limited Listed company incorporated on 09/02/1984 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28931MH1984PLC267130 and registration number is 267130. Currently Company is involved in the business activities of Manufacture of cosmetics and toileteries (includes manufacture of pre- shave, shaving or after shave preparations; personal deodorants and anti- respirants; perfumed bath salts and other bath preparations; beauty or make-up preparations and preparations for the care of the skin, other than medicaments; manicure and pedicure preparations etc.). Company’s Total Operating Revenue is Rs. 2256.16 Cr. and Equity Capital is Rs. 32.59 Cr. for the Year ended 30/06/2022.
    INDUSTRYADDRESSCONTACT
    Personal CareP&G Plaza, Mumbai Maharashtra 400099investorgil.im@pg.com
    https://www.gillette.co.in
    Management
    NamePosition Held
    Mr. Gurcharan DasChairman & Ind.Director
    Mr. L V VaidyanathanManaging Director
    Mr. Srinivas Maruthi PatnamExecutive Director
    Mr. Gautam KamathExecutive Director & CFO
    Mr. Karthik NatarajanNon Executive Director
    Mr. Pramod AgarwalNon Executive Director
    Ms. Sonali DhawanNon Executive Director
    Mr. Gagan SawhneyNon Executive Director
    Mr. Chittranjan DuaIndependent Director
    Mr. Anil Kumar GuptaIndependent Director
    Ms. Anjuly Chib DuggalIndependent Director

    FAQ

    What is the latest intrinsic value of Gillette India Ltd?

    The latest intrinsic value of Gillette India Ltd as on 21 November 2024 is ₹8412.59, which is 8.30% lower than the current market price of ₹9,174.00.

    What is the Market Cap of Gillette India Ltd?

    The Market Cap of Gillette India Ltd is 29,890 Cr..

    What is the current Stock Price of Gillette India Ltd as on 21 November 2024?

    The current stock price of Gillette India Ltd as on 21 November 2024 is ₹9,174.

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

    In FY 2024, the High / Low of Gillette India Ltd stocks is 10,633/5,950.

    What is the Stock P/E of Gillette India Ltd?

    The Stock P/E of Gillette India Ltd is 66.1.

    What is the Book Value of Gillette India Ltd?

    The Book Value of Gillette India Ltd is 298.

    What is the Dividend Yield of Gillette India Ltd?

    The Dividend Yield of Gillette India Ltd is 0.49 %.

    What is the ROCE of Gillette India Ltd?

    The ROCE of Gillette India Ltd is 58.9 %.

    What is the ROE of Gillette India Ltd?

    The ROE of Gillette India Ltd is 42.5 %.

    What is the Face Value of Gillette India Ltd?

    The Face Value of Gillette India Ltd is 10.0.

    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 Gillette 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