Godfrey Phillips India Ltd.

•

godfreyphillips.comBSE: 500163NSE: GODFRYPHLP

Market Cap₹ 30,073 Cr.

Current Price

High / Low₹ 3,947 / 1,832

Stock P/E22.0

Book Value₹ 408

Price to Book4.72

Dividend Yield2.59 %

ROCE33.7 %

ROE26.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cigaratte and Tobacco Products: 98.8% • Tea & Other Retail Products: 1.2%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 32.3% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 31.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 24.9%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 20.4% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.25x)
Total debt has risen sharply - up 208.4% year on year
Operating margins have contracted to 16.9% from 22.7%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGCigarettes/Tobacco

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	ITC	260.25	16.44	326087.58	5.57	4508.79	-15.62	29523.30	28.32	38.83	17.84
2.	GODFRYPHLP	1928.00	21.98	30073.28	2.59	1983.90	456.84	38195.60	2020.43	33.70	5.49
3.	VSTIND	204.05	55.90	3466.02	5.88	42.42	-24.43	861.71	109.08	28.18	5.76
4.	IWP	33.86	36.58	216.61	0.59	2.51	118.28	65.19	26.76	3.02	8.02
5.	NTCIND	134.70	9.77	195.57	0.00	6.12	7.99	26.63	3.21	11.14	24.79

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,233	1,367	1,473	1,080	1,350	1,618	1,887	1,880	1,801	1,624	2,178	3,479	38,196
	993	1,151	1,260	916	1,089	1,351	1,532	1,619	1,476	1,318	1,810	2,933	36,750
Operating Profit	240	216	213	164	261	267	356	262	326	306	368	547	1,446
OPM %	19.50%	15.83%	14.49%	15.17%	19.31%	16.52%	18.84%	13.91%	18.08%	18.82%	16.91%	15.71%	3.78%
	53	38	57	65	45	51	47	78	77	37	45	46	783
Interest	7	7	6	4	3	3	3	4	3	3	3	3	26
Depreciation	37	36	36	28	27	27	28	42	28	29	31	33	343
Profit before Tax	262	219	243	224	285	298	377	302	383	319	391	563	2,511
Tax %	15.67%	25.40%	24.75%	25.73%	17.99%	30.95%	25.12%	26.47%	23.93%	24.52%	24.80%	26.20%	20.99%
Net Profit	0	0	0	0	229	248	316	280	356	305	343	521	1,984
	48.94	38.86	40.85	41.20	54.94	16.53	20.41	18.88	68.53	19.56	22.01	33.39	12.72

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,403	2,326	2,497	2,877	2,525	2,688	3,562	4,018	5,611	6,391	11,101
	2,150	2,067	2,094	2,285	1,984	2,054	2,759	3,115	4,434	4,806	9,736
Operating Profit	253	258	403	592	541	633	804	903	1,177	1,585	1,365
OPM %	10.53%	11.11%	16.14%	20.57%	21.44%	23.57%	22.56%	22.47%	20.98%	24.79%	12.30%
	47	75	79	107	119	114	168	210	221	205	206
Interest	4	2	1	30	31	34	29	14	12	12	11
Depreciation	98	98	99	155	141	145	154	108	124	121	127
Profit before Tax	199	233	383	514	487	568	873	1,152	1,471	1,940	1,525
Tax %	31.28%	31.75%	32.05%	25.07%	22.75%	22.92%	20.88%	19.56%	21.63%	21.37%	24.63%
Net Profit	137	159	260	385	376	438	690	926	1,153	1,525	1,149
EPS	26.39	30.60	50.06	74.02	72.41	84.25	132.80	169.84	206.16	97.82	—
Dividend Payout %	30.31%	26.14%	19.97%	32.42%	33.14%	33.23%	33.13%	32.97%	46.08%	51.11%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 20%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 25%
5 Years:: 32%
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 43%
3 Years:: 41%
1 Year:: -44%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 22%
3 Years:: 25%
Last Year:: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	10	10	10	31
Minority Interest	40	37	33	29	5	5	5	6	7	7
	1,650	1,783	2,028	2,177	2,572	2,917	3,538	4,217	5,231	6,164
	48	34	49	322	359	299	316	305	152	199
Trade Payables	157	171	290	254	233	253	365	396	500	532
	302	430	456	503	552	617	733	909	1,069	1,377
Total Liabilities	2,208	2,465	2,866	3,295	3,732	4,102	4,968	5,843	6,969	8,310
	695	641	686	1,006	1,025	947	897	859	692	773
Capital Work in Progress	13	18	14	17	26	37	22	10	23	168
	507	924	1,232	1,251	1,554	1,844	2,669	3,000	3,197	3,299
	652	585	642	688	743	829	928	1,442	1,997	2,264
	0	0	0	0	0	0	0	173	516	907
Cash & Bank	31	44	46	48	46	50	40	25	30	33
	309	252	247	286	338	395	412	335	514	866
Total Assets	2,208	2,465	2,866	3,295	3,732	4,102	4,968	5,843	6,969	8,310

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	302	588	491	499	408	618	925	290	107	518
Cash from Investing	-125	-405	-310	-72	-298	-234	-541	55	402	27
Cash from Financing	-125	-99	-43	-303	-16	-238	-206	-359	-491	-619
	-4	12	9	0	-4	6	-11	-13	18	-73

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
72.58	72.58	72.58	72.58	72.58	72.58	72.58	72.58	72.58
10.83	10.80	10.63	9.72	9.32	7.94	8.15	7.91	7.80
1.90	1.97	1.99	3.29	3.85	4.12	4.21	3.28	3.66
0.05	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02
14.64	14.61	14.76	14.36	14.20	15.34	15.03	16.20	15.94

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Godfrey Phillips India Limited has informed the Exchange about Newspaper publication regarding special window for transfer and dematerialisation (demat) of physical shares.

2026-08-25

Shareholders meeting

2026-08-25 - Godfrey Phillips India Limited has informed the Exchange about Shareholders meeting

2026-08-24

Shareholders meeting

2026-08-24 - Godfrey Phillips India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Godfrey Phillips India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Godfrey Phillips India Limited has informed the Exchange about Newspaper Publication regarding Loss of Share Certificates.

2026-08-01

Copy of Newspaper Publication

2026-08-01 - Intimation under Regulation 30 regarding Newspaper publication of Notice of 89th Annual General Meeting

2026-07-31

General Updates

2026-07-31 - Godfrey Phillips India Limited has informed the Exchange about General Updates

2026-07-31

General Updates

2026-07-31 - Godfrey Phillips India Limited has informed the Exchange submission of Business Responsibility and Sustainability Report.

2026-07-31

Shareholders meeting

2026-07-31 - Godfrey Phillips India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 24, 2026

News

Recent coverage and analyst commentary for GODFRYPHLP

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Godfrey Phillips India Ltd.

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Name

ITC

260.25

16.44

326087.58

5.57

4508.79

-15.62

29523.30

28.32

38.83

17.84

GODFRYPHLP

1928.00

21.98

30073.28

2.59

1983.90

456.84

38195.60

2020.43

33.70

5.49

VSTIND

204.05

55.90

3466.02

5.88

42.42

-24.43

861.71

109.08

28.18

5.76

IWP

33.86

36.58

216.61

0.59

2.51

118.28

65.19

26.76

3.02

8.02

NTCIND

134.70

9.77

195.57

0.00

6.12

7.99

26.63

3.21

11.14

24.79

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,233

1,367

1,473

1,080

1,350

1,618

1,887

1,880

1,801

1,624

2,178

3,479

38,196

993

1,151

1,260

916

1,089

1,351

1,532

1,619

1,476

1,318

1,810

2,933

36,750

Operating Profit

240

216

213

164

261

267

356

262

326

306

368

547

1,446

OPM %

19.50%

15.83%

14.49%

15.17%

19.31%

16.52%

18.84%

13.91%

18.08%

18.82%

16.91%

15.71%

3.78%

783

Interest

Depreciation

343

Profit before Tax

262

219

243

224

285

298

377

302

383

319

391

563

2,511

Tax %

15.67%

25.40%

24.75%

25.73%

17.99%

30.95%

25.12%

26.47%

23.93%

24.52%

24.80%

26.20%

20.99%

Net Profit

229

248

316

280

356

305

343

521

1,984

48.94

38.86

40.85

41.20

54.94

16.53

20.41

18.88

68.53

19.56

22.01

33.39

12.72

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,403

2,326

2,497

2,877

2,525

2,688

3,562

4,018

5,611

6,391

11,101

2,150

2,067

2,094

2,285

1,984

2,054

2,759

3,115

4,434

4,806

9,736

Operating Profit

253

258

403

592

541

633

804

903

1,177

1,585

1,365

OPM %

10.53%

11.11%

16.14%

20.57%

21.44%

23.57%

22.56%

22.47%

20.98%

24.79%

12.30%

107

119

114

168

210

221

205

206

Interest

Depreciation

155

141

145

154

108

124

121

127

Profit before Tax

199

233

383

514

487

568

873

1,152

1,471

1,940

1,525

Tax %

31.28%

31.75%

32.05%

25.07%

22.75%

22.92%

20.88%

19.56%

21.63%

21.37%

24.63%

Net Profit

137

159

260

385

376

438

690

926

1,153

1,525

1,149

EPS

26.39

30.60

50.06

74.02

72.41

84.25

132.80

169.84

206.16

97.82

—

Dividend Payout %

30.31%

26.14%

19.97%

32.42%

33.14%

33.23%

33.13%

32.97%

46.08%

51.11%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

1,650

1,783

2,028

2,177

2,572

2,917

3,538

4,217

5,231

6,164

322

359

299

316

305

152

199

Trade Payables

157

171

290

254

233

253

365

396

500

532

302

430

456

503

552

617

733

909

1,069

1,377

Total Liabilities

2,208

2,465

2,866

3,295

3,732

4,102

4,968

5,843

6,969

8,310

695

641

686

1,006

1,025

947

897

859

692

773

Capital Work in Progress

168

507

924

1,232

1,251

1,554

1,844

2,669

3,000

3,197

3,299

652

585

642

688

743

829

928

1,442

1,997

2,264

173

516

907

Cash & Bank

309

252

247

286

338

395

412

335

514

866

Total Assets

2,208

2,465

2,866

3,295

3,732

4,102

4,968

5,843

6,969

8,310

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

302

588

491

499

408

618

925

290

107

518

Cash from Investing

-125

-405

-310

-72

-298

-234

-541

402

Cash from Financing

-125

-99

-43

-303

-16

-238

-206

-359

-491

-619

-4

-11

-13

-73

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.58

10.83

10.80

10.63

9.72

9.32

7.94

8.15

7.91

7.80

1.90

1.97

1.99

3.29

3.85

4.12

4.21

3.28

3.66

0.05

0.02

14.64

14.61

14.76

14.36

14.20

15.34

15.03

16.20

15.94

Godfrey Phillips India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Godfrey Phillips India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI