---
title: "GlaxoSmithkline Consumer Healthcare Ltd(Merged) (GSKCONS) — Share Price, Financials & Analysis"
symbol: "GSKCONS"
company: "GlaxoSmithkline Consumer Healthcare Ltd(Merged)"
canonical: "https://tapetide.com/stocks/GSKCONS"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T18:35:40.211Z"
---

# GlaxoSmithkline Consumer Healthcare Ltd(Merged) (GSKCONS)

Canonical page: https://tapetide.com/stocks/GSKCONS

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** india-consumer.gsk.com/en-in

## About

GlaxoSmithkline Consumer Healthcare is engaged in manufacturing and sale of healthcare consumer products.(Source : 201903 Annual Report Page No: 52)

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 44.9%

### Weaknesses

- Stock is trading at 10.9 times its book value
- The company has delivered a poor sales growth of -0.36% over past five years.
- Earnings include an other income of Rs.444 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 27% | 13% | 8% |
| revenue growth | 7% | 5% | 0% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1103 | 986 | 1112 | 1039 | 1180 | 1107 | 1272 | 1117 | 1286 | 1194 | 1345 | 1159 |
| Expenses | 885 | 819 | 853 | 832 | 930 | 877 | 918 | 878 | 968 | 914 | 949 | 887 |
| Operating Profit | 218 | 167 | 259 | 208 | 250 | 230 | 354 | 239 | 318 | 280 | 396 | 272 |
| OPM % | 20 | 17 | 23 | 20 | 21 | 21 | 28 | 21 | 25 | 23 | 29 | 23 |
| Other Income | 70 | 55 | 57 | 61 | 84 | 96 | 89 | 124 | 123 | 127 | 78 | 116 |
| Interest | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 2 | 1 |
| Depreciation | 18 | 17 | 18 | 15 | 15 | 15 | 15 | 16 | 15 | 20 | 20 | 19 |
| Profit before tax | 269 | 204 | 298 | 253 | 319 | 312 | 427 | 347 | 426 | 386 | 452 | 367 |
| Tax % | 35 | 35 | 35 | 35 | 34 | 36 | 36 | 36 | 33 | 36 | 24 | 25 |
| Net Profit | 176 | 132 | 192 | 164 | 212 | 200 | 275 | 221 | 286 | 248 | 345 | 277 |
| EPS in Rs | 41.78 | 31.41 | 45.7 | 38.87 | 50.31 | 47.61 | 65.44 | 52.51 | 67.89 | 58.93 | 82.02 | 65.71 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2306 | 2765 | 3187 | 4869 | 4308 | 4136 | 3991 | 4317 | 4782 | 4984 |
| Expenses | 1932 | 2261 | 2614 | 3996 | 3569 | 3298 | 3153 | 3433 | 3641 | 3718 |
| Operating Profit | 374 | 504 | 573 | 873 | 739 | 838 | 838 | 883 | 1141 | 1267 |
| OPM % | 16 | 18 | 18 | 18 | 17 | 20 | 21 | 20 | 24 | 25 |
| Other Income | 120 | 85 | 114 | 207 | 213 | 278 | 239 | 257 | 433 | 444 |
| Interest | 3 | 3 | 2 | 1 | 1 | 2 | 3 | 2 | 1 | 5 |
| Depreciation | 40 | 46 | 36 | 63 | 62 | 57 | 64 | 64 | 60 | 74 |
| Profit before tax | 452 | 540 | 649 | 1016 | 889 | 1056 | 1010 | 1074 | 1512 | 1631 |
| Tax % | 34 | 34 | 33 | 34 | 34 | 35 | 35 | 35 | 35 | — |
| Net Profit | 300 | 355 | 437 | 675 | 584 | 687 | 657 | 700 | 983 | 1156 |
| EPS in Rs | 71.22 | 84.37 | 103.74 | 160.27 | 138.62 | 163.25 | 155.98 | 166.29 | 233.44 | 274.55 |
| Dividend Payout % | 70 | 41 | 43 | 28 | 40 | 43 | 45 | 45 | 45 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 918 | 1102 | 1319 | 1771 | 2071 | 2757 | 3081 | 3443 | 4053 | 4120 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 13 | 8 | 0 | 0 | 0 |
| Other Liabilities | 800 | 938 | 1194 | 1599 | 1907 | 1684 | 1824 | 1928 | 1973 | 1981 |
| Total Liabilities | 1760 | 2082 | 2555 | 3411 | 4020 | 4495 | 4955 | 5413 | 6068 | 6143 |
| Fixed Assets | 202 | 201 | 194 | 340 | 492 | 481 | 487 | 476 | 462 | 503 |
| CWIP | 108 | 149 | 197 | 38 | 42 | 51 | 58 | 38 | 18 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1450 | 1733 | 2163 | 3033 | 3486 | 3963 | 4410 | 4899 | 5588 | 5625 |
| Total Assets | 1760 | 2082 | 2555 | 3411 | 4020 | 4495 | 4955 | 5413 | 6068 | 6143 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 400 | 326 | 391 | 554 | 644 | 611 | 573 | 603 | 723 | 671 |
| Cash from Investing Activity | -22 | -79 | -125 | -377 | -271 | 331 | -152 | -602 | -446 | -335 |
| Cash from Financing Activity | -30 | -91 | -248 | -175 | -223 | -222 | -286 | -361 | -363 | -377 |
| Net Cash Flow | 349 | 156 | 17 | 2 | 150 | 720 | 136 | -361 | -87 | -41 |
| Free Cash Flow | 355 | 218 | 295 | 472 | 477 | 506 | 521 | 537 | 674 | 638 |
| CFO/OP | 174 | 130 | 113 | 136 | 112 | 123 | 110 | 122 | 135 | 103 |

### Ratios

| Item | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 6 | 8 | 13 | 13 | 22 | 27 | 31 | 29 | 24 | 29 |
| Inventory Days | 178 | 170 | 171 | 148 | 108 | 114 | 125 | 160 | 127 | 148 |
| Days Payable | 191 | 194 | 166 | 192 | 178 | 185 | 213 | 303 | 312 | 303 |
| Cash Conversion Cycle | -7 | -16 | 18 | -31 | -48 | -45 | -57 | -114 | -161 | -125 |
| Working Capital Days | -30 | -56 | -42 | -60 | -39 | -57 | -36 | -50 | -65 | -49 |
| ROCE % | 43 | 48 | 52 | 52 | 64 | 46 | 43 | 34 | 33 | 40 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 72.46% | 72.46% | 72.46% | 72.46% |
| FIIs | 4.37% | 4.54% | 4.27% | 4.58% |
| DIIs | 8.39% | 8.2% | 7.22% | 6.56% |
| Public | 14.78% | 14.8% | 16.05% | 16.4% |
| No. of Shareholders | 41916 | 45712 | 54867 | 53936 |

### Quarterly

| Category | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% | 72.46% |
| FIIs | 4.37% | 4.15% | 3.95% | 4.1% | 4.54% | 3.96% | 4% | 4.68% | 4.27% | 4.2% | 4.37% | 4.58% |
| DIIs | 8.39% | 8.64% | 8.91% | 8.69% | 8.2% | 8.43% | 8.29% | 7.33% | 7.22% | 6.92% | 6.92% | 6.56% |
| Public | 14.78% | 14.75% | 14.68% | 14.76% | 14.8% | 15.15% | 15.26% | 15.54% | 16.05% | 16.42% | 16.26% | 16.4% |
| No. of Shareholders | 41916 | 41178 | 40928 | 39612 | 45712 | 47749 | 51504 | 53863 | 54867 | 54626 | 54333 | 53936 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 5 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.06 | Buy |
| EMA (10) | 23.4 | Buy |
| SMA (20) | 24 | Buy |
| EMA (20) | 25.07 | Sell |
| SMA (50) | 32.56 | Sell |
| EMA (50) | 30.6 | Sell |
| SMA (100) | 39.03 | Sell |
| EMA (100) | 32.73 | Sell |
| SMA (200) | 28.59 | Sell |
| EMA (200) | 29.26 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.68 | Neutral |
| MACD (12,26,9) | -2.71 | Buy |
| Stochastic (14,3,3) | 34.14 | Neutral |
| ADX (14) | 37.27 | Buy |
| Williams %R (14) | -30.6 | Neutral |
| ATR (14) | 1.69 | High Volatility |
| ROC (12) | -2.24 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 47.48 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_GSKCONS_2010_2010_07042011113537.zip) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006760314.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006761212.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5006761210.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2016 | [Concall - Feb 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DB039652_A2F7_4375_B3BB_A3C39D962B05_161208.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:35:40.211Z.