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Godfrey Phillips India

GODFRYPHLP NSE
₹1,774.70 +39.70 (+2.29%)
P/E
20.23
View as Markdown
MCP
Close 4 Nov 2026 ₹1,774.70 −1,248.50 −41.3% 1Y
Start ₹3,023.20

Key Fundamentals

SmallcapCigarettes & Tobacco ProductsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
30.20%
Debt to Equity
0.04
EPS (TTM)
₹87.72
Book Value
₹398.28
Market Cap
—
P/E (TTM)
20.23
P/B
4.46
ROE
23.40%
Dividend Yield
2.88%
EBITDA
₹1,789 Cr
52W High
₹3,074.10
52W Low
₹1,641.20
Day Range
₹1,725.40 – ₹1,812.90
Volume
6,49,317

Tapetide Score

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

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
66
Good
Returns, margins, earnings quality 22% weight
Valuation
48
Average
Cheap vs sector & own history 24% weight
Growth
37
Weak
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
23
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.90
Neutral
MACD (12,26,9)
−53.30
Bullish
SMA (50)
1,903.82
Bearish
SMA (200)
2,092.14
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.61%
5Y+20.41%
3Y+21.51%
1Y+13.90%
TTM+1.71%

Net profit

Net profit growth by window
10Y+24.54%
5Y+32.33%
3Y+30.29%
1Y+42.35%
TTM+13.92%

Operating cash flow

Operating cash flow growth by window
10Y+4.97%
5Y+10.81%
3Y−11.05%
1Y+384.11%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+10.90 pp
5Y+3.37 pp
3Y+2.23 pp
1Y+3.82 pp
TTM+2.65 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,403 Cr
Mar 2018₹2,326 Cr
Mar 2019₹2,497 Cr
Mar 2020₹2,877 Cr
Mar 2021₹2,525 Cr
Mar 2022₹2,688 Cr
Mar 2023₹3,562 Cr
Mar 2024₹4,018 Cr
Mar 2025₹5,611 Cr
Mar 2026₹6,391 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹137 Cr
Mar 2018₹159 Cr
Mar 2019₹260 Cr
Mar 2020₹385 Cr
Mar 2021₹376 Cr
Mar 2022₹438 Cr
Mar 2023₹690 Cr
Mar 2024₹884 Cr
Mar 2025₹1,072 Cr
Mar 2026₹1,526 Cr

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Godfrey Phillips India trades at ₹1,700.1 as of 2026-11-02 with a market cap of ₹26,680.68 crore, a PE of 19.38x, and an ROE of 24.53%. The stock sits near its 52-week low of ₹1,641.2 after a sharp drawdown from its 52-week high of ₹3,164.2, while the underlying business has compounded profits at 34% CAGR over five years on a nearly debt-free balance sheet.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.04, providing significant financial flexibility and resilience against interest-rate cycles.
  • Five-year compounded profit growth of 34% and ten-year compounded profit growth of 24% demonstrate a sustained earnings expansion trajectory well above most FMCG peers.
  • Return on equity of 24.53% and return on capital employed of 30.03% reflect efficient capital allocation and strong profitability on deployed capital.
  • The company maintains a healthy dividend payout of 43.4%, and at the current price the dividend yield stands at 2.96%, offering meaningful income to shareholders.
  • Five-year compounded sales growth of 20% and three-year compounded sales growth of 22% indicate robust top-line momentum over medium-term horizons.
  • At a trailing PE of 19.38x, the stock trades at a noticeable discount to many consumer goods companies in India, against a backdrop of 34% five-year profit CAGR.
  • Ten-year ROE averaging 17% that has improved to 23% last year and 24.53% on a trailing basis signals an improving return profile rather than a one-off spike.
  • The stock price of ₹1,700.1 is only about 3.6% above its 52-week low of ₹1,641.2, meaning much of the recent correction may already be reflected in the price.
Bear Case 7
  • The stock has declined approximately 47% over the past one year (1-year stock CAGR of -47%), indicating severe negative momentum and possible structural re-rating concerns.
  • TTM sales growth has decelerated sharply to just 2%, down from 22% three-year and 20% five-year compounded growth, raising questions about near-term demand sustainability.
  • TTM profit growth of 12% marks a meaningful slowdown from the 32% three-year and 34% five-year compounded profit growth, suggesting earnings momentum is fading.
  • Debtor days have increased from 33.7 to 51.8 days, a roughly 54% deterioration in collection efficiency that could pressure working capital and cash flows.
  • The stock has fallen roughly 46% from its 52-week high of ₹3,164.2 to ₹1,700.1, and such deep corrections can reflect fundamental reassessment by market participants.
  • The tobacco and consumer goods sector in India faces ongoing regulatory risk including potential increases in excise duties, advertising restrictions, and plain packaging mandates that could compress margins.
  • EPS of ₹87.72 on a trailing basis needs to keep growing at historical rates to justify the current valuation; any further deceleration from the TTM 12% profit growth could compress the PE multiple.

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

AI News Digest

8d ago

TL;DR: Limited recent news flow for Godfrey Phillips India. The only development is a routine trading window closure ahead of Q2FY27 results, which is standard regulatory compliance and carries no directional signal. Watch for the upcoming quarterly results for fresh catalysts on earnings trajectory and margin trends.

Neutral 1
  • Trading window closed for Q2FY27 Sep 28

    Godfrey Phillips India closed its trading window from October 1, 2026, until 48 hours after announcing Q2FY27 financial results. This is a routine regulatory compliance measure under SEBI insider trading regulations.

Quarterly Results

₹ Cr
GODFRYPHLP quarterly results, ₹ crore
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 (₹)
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

Profit & Loss

₹ Cr
GODFRYPHLP profit and loss, annual, ₹ crore
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 (₹)
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%
—

Balance Sheet

₹ Cr
GODFRYPHLP balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
GODFRYPHLP cash flow, annual, ₹ crore
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

Ratios

GODFRYPHLP financial ratios, annual
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

Log in to view Godfrey Phillips insights

63 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.58%
  • Public 13.17%
  • FIIs 7.86%
  • DIIs 3.50%
  • Others 2.88%
  • Government 0.02%

0.21% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Jul 2026
    PPT
  • Q4 FY26 concall · May 2026
    PPT
  • Concall · Jan 2026
    PPT
  • Concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

Frequently Asked Questions about Godfrey Phillips India

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.
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 PE ratio of Godfrey Phillips India Ltd?
Godfrey Phillips India Ltd trades at a PE ratio of 20.23 as of 4 Nov 2026, on earnings per share of ₹87.72, 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 ₹1,641.2 and ₹3,074.1 as of 4 Nov 2026.
Does Godfrey Phillips India Ltd pay dividends?
Godfrey Phillips India Ltd has a dividend yield of 2.88%.
What is the Return on Equity (ROE) of Godfrey Phillips India Ltd?
Godfrey Phillips India Ltd reported a return on equity of 23.40%. 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.

Website godfreyphillips.com
CEO Dr. Bina Modi
Employees 1,077
Listed 24 Jul 1996
Face Value ₹2

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