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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 507815 | NSE: GILLETTE

Fundamental Analysis of Gillette India Ltd

About the Company - Gillette India Ltd

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

Basic Stock Data of Gillette India Ltd

Last Updated: July 24, 2024, 11:40 pm

Market Cap 25,587 Cr.
Current Price 7,851
High / Low8,099/5,402
Stock P/E66.0
Book Value 316
Dividend Yield1.08 %
ROCE52.0 %
ROE38.5 %
Face Value 10.0
PEG Ratio5.90

Data Source: screener.in

Competitors of Gillette India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ambica Agarbathies Aroma & Industries Ltd 43.7 Cr. 25.543.2/23.2 59.00.00 %4.44 %3.55 % 10.0
Ador Multi Products Ltd 17.3 Cr. 37.046.0/29.1 23.60.00 %37.6 %28.3 % 10.0
Kaya Ltd 770 Cr. 582702/267 1740.00 %80.4 %% 10.0
Jyothy Labs Ltd 18,663 Cr. 508554/29052.4 49.20.69 %27.0 %21.2 % 1.00
JHS Svendgaard Laboratories Ltd 171 Cr. 21.839.5/15.5 21.70.00 %1.66 %2.37 % 10.0
Industry Average99,092.30 Cr2,403.53124.43177.510.54%36.83%26.05%5.50

Gillette India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales520537436573563567553620619619619668639
Expenses385396384448449435441484493485476531484
Operating Profit13514152125114132112136126134144137156
OPM %26%26%12%22%20%23%20%22%20%22%23%20%24%
Other Income421332123312597
Interest2030252031303
Depreciation14151516161819181922222021
Profit before tax123146381129711092120106123124125139
Tax %34%28%27%27%27%37%27%28%30%16%26%26%25%
Net Profit82106288270696887741039293104
EPS in Rs25.1332.438.4525.1421.6421.2720.7426.6322.8531.5228.1628.4531.90

Last Updated: July 12, 2024, 2:11 am

Gillette India Ltd Quarterly Chart

Gillette India Ltd Profit & Loss

Last Updated: July 10, 2024, 2:20 pm

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%

Gillette India Ltd Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

Gillette India Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:14%
TTM:8%
Compounded Profit Growth
10 Years:15%
5 Years:9%
3 Years:16%
TTM:17%
Stock Price CAGR
10 Years:13%
5 Years:2%
3 Years:9%
1 Year:41%
Return on Equity
10 Years:31%
5 Years:34%
3 Years:37%
Last Year:38%

Last Updated: July 25, 2024, 12:31 am

Gillette India Ltd Balance Sheet

Last Updated: July 10, 2024, 2:20 pm

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Dec 2023
Equity Capital33333333333333333333333333
Reserves587617611710904468662746879756829956998
Borrowings0000000000000
Other Liabilities424390411468488498515432441606758927780
Total Liabilities1,0431,0391,0541,2101,4249981,2091,2101,3521,3951,6191,9161,811
Fixed Assets151170173156178214264300296310363389375
CWIP38306163886340252172653226
Investments0000000000000
Other Assets8548398219911,1587219048861,0341,0131,1911,4941,410
Total Assets1,0431,0391,0541,2101,4249981,2091,2101,3521,3951,6191,9161,811

Gillette India Ltd Reserves and Borrowings Chart

Gillette India Ltd Cash Flow

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Cash from Operating Activity 1412996172279248237134225443462463
Cash from Investing Activity -4278-36-10315514-77-65-29-79-112-67
Cash from Financing Activity -57-57-57-58-79-684-39-165-105-430-225-231
Net Cash Flow4251312356-422121-9591-66125164

Gillette India Ltd 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.

Gillette India Ltd Free Cash Flow Chart

Gillette India Ltd Financial Efficiency Indicators

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Debtor Days212420232327383641364347
Inventory Days14013110487104103105104136152130127
Days Payable189122116116137150173126138169193209
Cash Conversion Cycle-28339-6-10-19-30154019-20-35
Working Capital Days67482749-10-17-18153514-0-3
ROCE %19%22%12%35%39%54%60%48%38%51%51%52%

Gillette India Ltd Financial Efficiency Indicators Chart

Gillette India Ltd 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

Gillette India Ltd Shareholding Pattern Chart

No. of Gillette India Ltd Shareholders

Gillette India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life ELSS Tax Saver Fund464,0892.04305.64165,0002024-07-23181.27%
Aditya Birla Sun Life MNC Fund - Div194,5723.57128.14165,0002024-07-2317.92%
Aditya Birla Sun Life MNC Fund - Gr194,5723.57128.14165,0002024-07-2317.92%
Nippon India Multi Cap Fund190,0000.49125.13165,0002024-07-2315.15%
Nippon India Large Cap Fund165,0000.51108.67165,0002024-07-230%
ICICI Prudential India Opportunities Fund127,0950.5283.7165,0002024-07-23-22.97%
ICICI Prudential Smallcap Fund117,4821.0477.37165,0002024-07-23-28.8%
ICICI Prudential FMCG Fund - Dividend100,4594.4466.16165,0002024-07-23-39.12%
ICICI Prudential FMCG Fund - Growth100,4594.4466.16165,0002024-07-23-39.12%
ICICI Prudential Bharat Consumption Fund94,4942.8262.23165,0002024-07-23-42.73%

Gillette India Ltd ROCE Trend

Gillette India Ltd EPS Trend

Gillette India Ltd 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

Gillette India Ltd Profitability Ratios (%)

Gillette India Ltd Liquidity Ratios

Gillette India Ltd Liquidity Ratios (%)

Gillette India Ltd Interest Coverage Ratios (%)

Gillette India Ltd Valuation Ratios

Fair Value

Fair Value: 8,116.28

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.

Undervalued: 3.38% compared to the current price 7851

Intrinsic Value: 9,024.12

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.94% compared to the current price 7851

Last 5 Year EPS CAGR: 11.19%

*Investments are subject to market risks

Strength and Weakness of Gillette India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 40.08%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 17.25, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -2.67, which is a positive sign.
  4. The company has higher reserves (747.92 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.

    Should I Buy Gillette India Ltd Share Now?

    • 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: 36.83%)
        • 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: 26.05%)
        • 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: 66.0 (Industry average Stock P/E: 124.43)
        • 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: N/A
        • 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:

    FAQ

    What is the latest fair value of Gillette India Ltd?

    The latest fair value of Gillette India Ltd is ₹8116.28.

    What is the Market Cap of Gillette India Ltd?

    The Market Cap of Gillette India Ltd is 25,587 Cr..

    What is the current Stock Price of Gillette India Ltd as on 25 July 2024?

    The current stock price of Gillette India Ltd as on 25 July 2024 is 7,851.

    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 8,099/5,402.

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

    The Stock P/E of Gillette India Ltd is 66.0.

    What is the Book Value of Gillette India Ltd?

    The Book Value of Gillette India Ltd is 316.

    What is the Dividend Yield of Gillette India Ltd?

    The Dividend Yield of Gillette India Ltd is 1.08 %.

    What is the ROCE of Gillette India Ltd?

    The ROCE of Gillette India Ltd is 52.0 %.

    What is the ROE of Gillette India Ltd?

    The ROE of Gillette India Ltd is 38.5 %.

    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