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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile
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

Gillette India Ltd. Share Price Update

Share PriceValue
Today₹6,833.00
Previous Day₹6,839.55

Basic Stock Data of Gillette India Ltd

Market Cap 21,493 Cr.
Current Price 6,595
High / Low7,336/4,135
Stock P/E55.0
Book Value 316
Dividend Yield1.27 %
ROCE52.0 %
ROE38.5 %
Face Value 10.0

Data Source: screener.in

Competitors of Gillette India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Unilever Ltd (HUL) 5,58,087 Cr. 2,3752,770/2,34754.1 2141.64 %26.6 %20.5 % 1.00
Zydus Wellness Ltd 10,114 Cr. 1,5891,721/1,39035.7 8180.32 %5.93 %6.40 % 10.0
Marico Ltd 69,797 Cr. 539595/46347.6 32.60.84 %41.9 %35.8 % 1.00
Procter & Gamble Hygiene and Health Care Ltd 53,828 Cr. 16,58219,250/13,10171.2 3240.63 %101 %80.6 % 10.0
Industry Average34.25 Cr139.552.15347.150.86%43.86%35.83%5.5

Gillette India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales516520537436573563567553620619619619668
Expenses384385396384448449435441484493485476531
Operating Profit13213514152125114132112136126134144137
OPM %26%26%26%12%22%20%23%20%22%20%22%23%20%
Other Income442133212331259
Interest0203025203130
Depreciation13141515161618191819222220
Profit before tax122123146381129711092120106123124125
Tax %22%34%28%27%27%27%37%27%28%30%16%26%26%
Net Profit9582106288270696887741039293
EPS in Rs29.2425.1332.438.4525.1421.6421.2720.7426.6322.8531.5228.1628.45

Gillette India Ltd Quarterly Chart

Gillette India Ltd Profit & Loss

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023TTM
Sales1,2201,4241,6621,8751,7551,7331,6771,8621,6791,9822,2562,4772,525
Expenses1,1121,2901,5891,6841,4481,3481,2901,4781,3191,5221,7731,9371,985
Operating Profit10813473191306385387384360460483540540
OPM %9%9%4%10%17%22%23%21%21%23%21%22%21%
Other Income333638685034811113272228
Interest00056778551187
Depreciation24313339303842485158688183
Profit before tax11713878215320374345339314429411473478
Tax %35%37%34%26%33%32%34%25%27%28%30%25%
Net Profit768751158214253229253230310289356362
EPS in Rs23.2426.7515.7848.5365.7377.6770.2977.6270.6495.2588.79109.15110.98
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:31%
Stock Price CAGR
10 Years:13%
5 Years:0%
3 Years:5%
1 Year:36%
Return on Equity
10 Years:31%
5 Years:34%
3 Years:37%
Last Year:38%

Gillette India Ltd Balance Sheet

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Equity Capital333333333333333333333333
Reserves587617611710904468662746879756829956
Borrowings000000000000
Other Liabilities424390411468488498515432441606758927
Total Liabilities1,0431,0391,0541,2101,4249981,2091,2101,3521,3951,6191,916
Fixed Assets151170173156178214264300296310363389
CWIP383061638863402521726532
Investments000000000000
Other Assets8548398219911,1587219048861,0341,0131,1911,494
Total Assets1,0431,0391,0541,2101,4249981,2091,2101,3521,3951,6191,916

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 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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs1.97%2.04%2.08%2.10%2.11%2.17%2.18%2.34%2.50%1.52%0.66%0.61%
DIIs4.65%10.69%10.68%10.54%10.49%10.34%10.43%10.37%10.16%10.78%11.29%11.08%
Public18.38%12.27%12.25%12.36%12.41%12.50%12.39%12.31%12.35%12.71%13.06%13.32%
No. of Shareholders48,11747,66248,27648,21749,86951,03149,76247,76247,61548,18950,90650,836

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)
Aditya Birla Sun Life ELSS Tax Saver Fund5708372.58349.6
Aditya Birla Sun Life MNC Fund - Div2375704.37145.5
Aditya Birla Sun Life MNC Fund - Gr2375704.37145.5
ICICI Prudential FMCG Fund - Dividend1014894.3862.15
ICICI Prudential FMCG Fund - Growth1014894.3862.15
Aditya Birla Sun Life Balanced Advantage Fund713950.6643.72
Aditya Birla Sun Life India GenNext Fund703101.0643.06
Aditya Birla Sun Life Equity Hybrid 95 Fund650000.5739.81
ICICI Prudential Bluechip Fund637520.0939.04
Sundaram Small Cap Fund456401.0627.95

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 (X)

Gillette India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Gillette India Ltd

Fair Value: ₹6776.28

The stock is undervalued by 2.75% compared to the current price ₹6595

*Investments are subject to market risks

Strength and Weakness of Gillette India Ltd

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.
  1. The stock is trading at a high valuation with an average P/B ratio of 141.69 and average Dividend Yield of 19.47%.

Should I Buy Gillette India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding 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: 43.86%)
      • 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. 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.
    4. 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.
    5. ✗ Stock P/E of 55.7 (Industry average Stock P/E: 51.75)
      • 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.
    6. ✗ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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