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Stock Analysis

Description

Godfrey Phillips India Limited is one of the leading FMCG companies in India, primarily engaged in the manufacturing and distribution of cigarettes and other tobacco products.

Key Growth Triggers

Key drivers include domestic volume growth and export traction, complemented by strategic distribution partnerships.

Order Book

Currently no data available for Order Book.

Key Red Flags

The company has faced past GST-related penalties for ITC irregularities.
A recent order from the GST authorities imposes a penalty of ₹24,71,772/- for alleged irregular availment and utilization of Input Tax Credit.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

27th Mar 26

Impact Rating: 7

Godfrey Phillips India Limited responded to BSE's query about a significant increase in its stock's trading volume. The company stated it is unaware of any Unpublished Price Significant Information and attributes the surge purely to market conditions over which it has no control.

26th Mar 26

Impact Rating: 5

In compliance with SEBI regulations, Godfrey Phillips India Limited will close its trading window from April 1, 2026. This will remain shut until 48 hours after the release of its audited financial results for the financial year ending March 31, 2026.

13th Mar 26

Impact Rating: 7

Postal ballot results confirm Godfrey Phillips India shareholders approved Mr. Marco Mariotti's appointment as a Non-Executive Director. The resolution passed with 99.96% of votes in favour after e-voting closed on March 12, 2026.

10th Mar 26

Impact Rating: -

No description available.

11th Feb 26

Impact Rating: -

No description available.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Godfrey Phillips	2250.30	27.90	35100.64	1.39	304.44	19.16	1289.84	-5.01	29.38	5931.97	21.38	1258.26	304.44	7.39	16.13	0.04
2.	Elitecon Inter.	77.89	54.04	12450.71	0.06	117.20	–	2192.09	–	–	3124.24	9.06	230.27	101.88	36.02	–	1.09
3.	VST Industries	240.05	18.31	4077.49	4.07	59.21	24.50	336.12	-6.64	20.85	1350.41	21.73	222.21	59.21	3.24	11.98	0.00
4.	NTC Industries	188.00	15.26	272.94	0.00	4.36	123.59	26.26	70.30	9.28	91.40	21.00	17.91	4.36	1.27	4.57	0.34
5.	Sinnar Bidi Udy.	802.20	97.24	32.09	0.00	0.23	1250.00	1.70	77.08	-4.72	5.34	4.49	0.33	0.23	6.83	-2.18	0.00
6.	Shanthala FMCG	32.80	17.30	21.97	0.00	0.72	71.43	25.82	-0.12	5.98	52.71	1.42	1.27	0.72	0.94	4.05	0.02
7.	Raghunath Intl.	11.65	4.71	5.83	0.00	0.70	-65.52	0.85	–	20.40	1.13	21.24	1.24	0.70	0.36	15.88	0.00
–	Median: 4 Co.	214.03	23.1	8264.1	0.72	88.2	24.5	812.98	-5.01	20.85	2237.32	21.19	226.24	80.55	5.31	11.98	0.19

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,019	917	797	1,043	1,159	1,244	853	1,082	1,358	1,590	1,572	1,480	1,290
Expenses	783	714	640	794	936	1,025	676	824	1,086	1,229	1,303	1,152	980
Operating Profit	236	203	157	249	223	219	177	258	271	361	270	328	310
Other Income	43	78	44	128	38	126	87	43	95	96	99	157	103
Profit before tax	234	237	155	334	219	304	233	273	337	427	325	455	382
Tax %	25%	23%	26%	12%	25%	19%	23%	18%	27%	22%	26%	20%	20%
Net Profit	175	182	115	294	163	246	178	223	247	332	241	365	304
EPS in Rs	11.21	11.68	7.38	18.82	10.47	15.74	11.44	14.31	15.82	21.30	15.43	23.40	19.52

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,477	2,585	2,325	2,386	2,312	2,477	2,853	2,490	2,674	3,560	3,988	5,602	5,932
Expenses	2,099	2,225	2,003	2,138	2,052	2,096	2,261	1,973	2,047	2,759	3,112	4,442	4,663
Operating Profit	378	360	322	249	260	381	593	516	627	802	876	1,160	1,269
Other Income	-8	33	36	47	72	79	106	118	110	168	343	333	455
Interest	29	19	10	3	2	1	30	31	34	29	13	12	12
Depreciation	87	102	102	94	96	96	152	138	142	151	105	120	123
Profit before tax	255	271	246	198	234	363	516	465	562	790	1,101	1,361	1,589
Net Profit	171	183	172	136	161	241	388	357	432	608	881	1,043	1,242
EPS in Rs	10.94	11.74	11.00	8.74	10.31	15.45	24.86	22.88	27.69	39.00	56.46	66.87	79.65
Dividend Payout %	24%	23%	24%	31%	26%	17%	32%	35%	34%	38%	33%	47%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	31
Reserves	1,153	1,282	1,499	1,581	1,697	1,886	2,050	2,406	2,713	3,178	3,831	4,399	4,749
Borrowings	239	277	130	72	27	41	356	395	336	354	344	177	174
Other Liabilities	505	475	402	416	582	707	681	707	787	996	1,160	1,428	1,954
Total Liabilities	1,908	2,044	2,041	2,080	2,316	2,644	3,097	3,518	3,846	4,538	5,346	6,015	6,907
Fixed Assets	665	636	666	672	623	665	982	999	948	898	853	692	687
Gross Block	1,089.15	1,165.03	766.00	865.85	908.86	1,043.14	1,506.19	1,648.84	1,727.72	1,721.22	1,789.62	1,497.05	–
Accumulated Depreciation	423.69	529.27	100.00	193.70	285.41	378.19	524.27	650.20	779.88	823.04	936.31	804.94	–
CWIP	45	65	49	13	18	14	17	26	42	21	10	21	83
Investments	355	322	401	500	895	1,143	1,190	1,476	1,719	2,364	2,582	2,389	2,686
Other Assets	842	1,021	925	895	780	822	909	1,018	1,138	1,255	1,900	2,912	3,452
Total Assets	1,908	2,044	2,041	2,080	2,316	2,644	3,097	3,518	3,846	4,538	5,346	6,015	6,907

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	290	63	326	248	514	352	377	300	482	739	270	115
Cash from Investing Activity	-135	-32	-126	-131	-409	-312	-70	-318	-232	-536	60	403
Cash from Financing Activity	-158	-31	-200	-120	-96	-39	-299	7	-238	-206	-342	-509
Net Cash Flow	-3	1	0	-3	9	0	7	-11	12	-3	-12	8

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	18	16	27	14	10	9	18	21	15	16	34
Inventory Days	214	246	232	166	157	194	179	201	225	175	232	217
Days Payable	54	50	44	47	53	99	73	72	77	77	68	57
Cash Conversion Cycle	175	214	204	146	117	105	114	147	169	114	180	193
Working Capital Days	23	37	62	58	18	-1	18	23	31	12	54	82
ROCE %	22%	18%	14%	12%	10%	16%	21%	15%	17%	21%	25%	29%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%	72.58%
FIIs	9.89%	10.05%	10.05%	9.93%	10.13%	10.76%	10.83%	10.80%	10.63%	9.72%	9.32%	7.94%	8.15%
DIIs	1.61%	1.62%	1.49%	1.55%	1.55%	1.52%	1.90%	1.97%	1.99%	3.29%	3.85%	4.12%	4.21%
Public	15.86%	15.69%	15.83%	15.88%	15.68%	14.67%	14.24%	14.19%	14.43%	14.36%	14.21%	15.33%	15.03%