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Godfrey Phillips

GODFRYPHLP NSE

Key Fundamentals

SmallcapCigarettes & TobaccoConsumer Goods
Market Cap
₹29,808 Cr
Volatility
Moderate
P/E Ratio
21.09
EBITDA
₹1,789 Cr
Return on Equity
24.53%
Debt to Equity
0.04
Book Value
₹398.28
EPS
₹172.61
52W High
₹3,498
52W Low
₹1,832.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.4%

Weaknesses

1
  • Debtor days have increased from 33.7 to 51.8 days.

Growth Rate

Revenue Growth
13.11% lower than 3Y
Net Income Growth
32.3% higher than 3Y
Cash Flow Change
383% higher than 3Y
ROE
11.75% lower than 3Y
ROCE
12.3% lower than 3Y
EBITDA Margin (Avg.)
13.18% higher than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Godfrey Phillips India has a market capitalisation of about Rs 30,788 crore and trades at 22.5x earnings, 4.96x book value and a 2.53% dividend yield. Its record over several years is strong: profit grew at a 34% CAGR over 5 years and 32% over 3 years, and ROE rose from a 10-year average of 17% to 23% last year. Momentum has slowed recently, though. TTM sales growth fell to 2%, debtor days rose from 33.7 to 51.8, and the stock has lost 40% over the past year.

Bull Case 8
  • Profit has compounded at 34% CAGR over 5 years and 32% over 3 years, well ahead of the 10-year profit CAGR of 24%. Earnings growth has sped up over time.
  • Returns on equity have risen steadily, from a 10-year average of 17% to 19% (5-year), 21% (3-year) and 23% last year. Capital efficiency is improving.
  • The company is almost debt free, so its balance sheet risk is low and it has room to absorb shocks to demand or taxes without leverage stress.
  • Shareholders get a 2.53% dividend yield backed by a 43.4% payout ratio, so a large share of earnings comes back as cash.
  • Profit grew 12% on a TTM basis while sales grew only 2%, which suggests margins are still expanding even as the top line slows.
  • Sales compounded at 22% over 3 years and 20% over 5 years, roughly double the 10-year sales CAGR of 11%. That points to a stronger growth phase in recent years.
  • After a 40% fall in the past year, the stock trades at 22.5x earnings, a lower multiple than its recent growth record of 32-34% profit CAGR might suggest.
  • Over the long run, the stock has returned 41% CAGR over 5 years, 42% over 3 years and 17% over 10 years, a record of creating value even after the recent drawdown.
Bear Case 7
  • TTM sales growth has fallen to 2%, down from 22% over 3 years and 20% over 5 years. The top line has slowed sharply.
  • The stock has fallen 40% over the past year, which suggests the market expects a lower earnings path. For a cigarette-heavy business, that likely reflects worries about tobacco taxes and regulation.
  • Debtor days rose from 33.7 to 51.8, an increase of about 54%. More working capital is tied up in receivables, which could mean weaker cash conversion or looser credit terms with distributors.
  • TTM profit growth of 12% is about a third of the 5-year CAGR of 34%. If sales stay near 2% growth, margin gains alone may not keep earnings compounding at past rates.
  • At 4.96x book value, the stock carries a significant premium to net assets. The valuation depends on ROE holding at around 23%.
  • The 10-year sales CAGR is only 11%, against 20-22% over the last 3-5 years. The recent high growth may be above the long-term trend and could revert.
  • A 43.4% dividend payout and 2.53% yield could come under pressure if a higher tax burden squeezes profits, because the dividend is funded from a single core category.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Neutral 1
  • Trading window closed for Q2FY27 Sep 28

    Godfrey Phillips India Ltd closed its trading window from October 1, 2026. It reopens 48 hours after the company announces its Q2FY27 financial results.

TL;DR: The only news in this period is a routine trading window closure ahead of Q2FY27 results, required under SEBI insider trading rules. It doesn't affect the stock's fundamentals, and there are no new positives or risks to assess. The Q2FY27 results are the next real catalyst. Watch cigarette volume growth, margin trends and any tax or regulatory changes when they come out.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,046
1,158
1,250
875
1,088
1,360
1,589
1,573
1,486
1,289
1,829
1,787
1,206
Expenses
794
934
1,022
685
819
1,083
1,228
1,304
1,149
975
1,449
1,235
1,024
Operating Profit
253
224
228
191
270
277
361
269
338
314
380
553
181
OPM %
24%
19%
18%
22%
25%
20%
23%
17%
23%
24%
21%
31%
15%
Other Income
53
38
87
114
40
94
80
136
141
101
94
152
107
Interest
7
7
6
4
3
3
3
4
3
3
3
3
3
Depreciation
37
36
36
28
27
27
28
42
28
29
31
33
34
PBT
262
219
272
273
280
341
411
359
448
383
440
669
251
Tax %
16%
25%
22%
21%
18%
27%
23%
22%
20%
20%
22%
22%
21%
Net Profit
254
202
212
215
229
248
316
280
356
305
343
521
198
EPS in Rs
16.31
12.95
13.61
13.73
14.65
15.92
20.25
17.9
22.84
19.56
22.01
33.43
12.72
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,586
2,331
2,403
2,326
2,497
2,877
2,525
2,688
3,562
4,018
5,611
6,391
6,110
Expenses
2,219
2,006
2,149
2,065
2,094
2,284
1,984
2,054
2,759
3,115
4,434
4,806
4,682
Operating Profit
367
324
254
260
403
592
541
633
804
903
1,177
1,585
1,429
OPM %
14%
14%
11%
11%
16%
21%
21%
24%
23%
22%
21%
25%
23%
Other Income
32
37
47
73
79
107
119
114
252
328
349
489
454
Interest
19
10
4
2
1
30
31
34
29
14
12
12
11
Depreciation
108
107
98
98
99
155
141
145
154
108
124
121
127
PBT
271
244
199
233
383
514
487
568
873
1,109
1,390
1,941
1,744
Tax %
33%
30%
31%
32%
32%
25%
23%
23%
21%
20%
23%
21%
—
Net Profit
183
170
137
159
260
385
376
438
690
884
1,072
1,526
1,368
EPS in Rs
11.75
10.88
8.8
10.2
16.69
24.67
24.14
28.08
44.26
56.61
68.72
97.84
87.72
Div. Payout %
23%
25%
30%
26%
16%
32%
33%
33%
33%
33%
46%
51%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
31
Reserves
1,302
1,566
1,650
1,783
2,028
2,177
2,572
2,917
3,538
4,222
5,235
6,181
Borrowings
277
132
73
28
42
357
396
337
355
345
179
234
Other Liabilities
484
452
474
644
785
751
754
837
1,065
1,266
1,544
1,864
Total Liabilities
2,073
2,159
2,208
2,465
2,866
3,295
3,732
4,102
4,968
5,843
6,969
8,310
Fixed Assets
675
695
700
650
694
1,015
1,034
983
932
893
732
812
CWIP
65
49
13
18
14
17
26
42
22
10
23
168
Investments
273
410
507
924
1,232
1,251
1,554
1,844
2,669
3,000
3,197
3,299
Other Assets
1,060
1,006
987
872
925
1,012
1,118
1,234
1,346
1,940
3,017
4,031
Total Assets
2,073
2,159
2,208
2,465
2,866
3,295
3,732
4,102
4,968
5,843
6,969
8,310
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
63
319
245
516
362
375
310
479
736
290
107
518
Investing
-32
-119
-125
-405
-310
-72
-298
-234
-541
55
402
27
Financing
-31
-197
-125
-99
-43
-303
-16
-238
-206
-359
-491
-619
Net Cash Flow
1
3
-4
12
9
0
-4
6
-11
-13
18
-73
Free Cash Flow
-45
188
177
457
233
254
180
405
736
192
-53
215
CFO/OP
43
122
119
226
122
84
75
98
115
54
32
57
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
18
17
27
13
10
9
18
21
15
16
34
52
Inventory Days
248
257
187
179
218
199
222
247
190
242
224
233
Days Payable
49
42
45
52
99
74
70
75
75
67
56
55
Cash Conversion Cycle
217
231
169
140
130
134
170
192
131
191
202
230
Working Capital Days
39
74
70
30
9
21
33
42
21
56
89
115
ROCE %
18%
14%
12%
10%
16%
20%
15%
17%
22%
23%
26%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others2.94%Govt.0.02%Promot.72.58%DIIs3.66%FIIs7.80%Public13.01%As ofJun 2026
0.21% of promoter holding pledged as of Jun 2026

Documents

1
Concall - May 2026 May 2026
2
Concall - May 2026 May 2026
3
Concall - Jan 2026 Jan 2026
4
Concall - Nov 2025 Nov 2025
5
Concall - Aug 2025 Aug 2025

Frequently Asked Questions about Godfrey Phillips

What does Godfrey Phillips India Ltd do?
Gndia is one of the leading FMCG Companies in India - flagship company distribute the renowned Marlboro brand in India. [1]
Where is Godfrey Phillips India Ltd (GODFRYPHLP) listed?
Godfrey Phillips India Ltd trades as GODFRYPHLP on the NSE and under code 500163 on the BSE.
Which sector does Godfrey Phillips India Ltd belong to?
Godfrey Phillips India Ltd is classified under the Consumer Goods sector, in the Cigarettes & Tobacco industry.
What is the market capitalisation of Godfrey Phillips India Ltd?
Godfrey Phillips India Ltd has a market capitalisation of ₹29,808 Cr, which places it in the Large Cap band.
What is the PE ratio of Godfrey Phillips India Ltd?
Godfrey Phillips India Ltd trades at a PE ratio of 21.09, on earnings per share of ₹172.61, against a book value of ₹398.28 per share.
What is the 52-week high and low of Godfrey Phillips India Ltd?
Over the last 52 weeks Godfrey Phillips India Ltd has traded between ₹1,832.1 and ₹3,498.
Does Godfrey Phillips India Ltd pay dividends?
Godfrey Phillips India Ltd has a dividend yield of 2.64%.
What is the Return on Equity (ROE) of Godfrey Phillips India Ltd?
Godfrey Phillips India Ltd reported a return on equity of 24.53%. Its debt-to-equity ratio is 0.04.

Company Information

Gndia is one of the leading FMCG Companies in India - flagship company distribute the renowned Marlboro brand in India. [1]

Website godfreyphillips.com
CEO Dr. Bina Modi
Employees 1,077
Listed 1996-07-24
Face Value ₹ 2
Issued Size 15,59,81,760

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