MarketFriction

Godfrey Phillips India Ltd

NSE GODFRYPHLP · BSE 500163 · Cigarettes & Tobacco Products
₹1,849.70 -2.23%
NSE close2026-10-01
52 week range1,832.10 - 3,498.00
Market cap₹29,044 Cr.
P/E21.2
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty FMCG No price band Delivery 34.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1581,2508751,0881,3601,5891,5731,4861,2891,8291,7871,206
Expenses9341,0226858191,0831,2281,3041,1499751,4491,2351,024
Operating Profit224228191270277361269338314380553181
OPM %19%18%22%25%20%23%17%23%24%21%31%15%
Other Income388711440948013614110194152107
Interest764333433333
Depreciation363628272728422829313334
Profit before tax219272273280341411359448383440669251
Tax %25%22%21%18%27%23%22%20%20%22%22%21%
Net Profit202212215229248316280356305343521198
EPS in Rs12.9513.6113.7314.6515.9220.2517.9022.8419.5622.0133.4312.72
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3312,4032,3262,4972,8772,5252,6883,5624,0185,6116,3916,110
Expenses2,0062,1492,0652,0942,2841,9842,0542,7593,1154,4344,8064,682
Operating Profit3242542604035925416338049031,1771,5851,429
OPM %14%11%11%16%21%21%24%23%22%21%25%23%
Other Income37477379107119114252328349489454
Interest104213031342914121211
Depreciation107989899155141145154108124121127
Profit before tax2441992333835144875688731,1091,3901,9411,744
Tax %30%31%32%32%25%23%23%21%20%23%21%
Net Profit1701371592603853764386908841,0721,5261,368
EPS in Rs10.888.8010.2016.6924.6724.1428.0844.2656.6168.7297.8487.72
Dividend Payout %25%30%26%16%32%33%33%33%33%46%51%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%20%22%2%
Compounded Profit Growth24%34%32%12%
Stock Price CAGR16%35%37%-45%
Return on Equity17%19%21%23%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101031
Reserves1,3021,5661,6501,7832,0282,1772,5722,9173,5384,2225,2356,181
Borrowings277132732842357396337355345179234
Other Liabilities4844524746447857517548371,0651,2661,5441,864
Total Liabilities2,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,9698,310
Fixed Assets6756957006506941,0151,034983932893732812
CWIP6549131814172642221023168
Investments2734105079241,2321,2511,5541,8442,6693,0003,1973,299
Other Assets1,0601,0069878729251,0121,1181,2341,3461,9403,0174,031
Total Assets2,0732,1592,2082,4652,8663,2953,7324,1024,9685,8436,9698,310
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity63319245516362375310479736290107518
Cash from Investing Activity-32-119-125-405-310-72-298-234-5415540227
Cash from Financing Activity-31-197-125-99-43-303-16-238-206-359-491-619
Net Cash Flow13-41290-46-11-1318-73
Free Cash Flow-45188177457233254180405736192-53215
CFO/OP43%122%119%226%122%84%75%98%115%54%32%57%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days18172713109182115163452
Inventory Days248257187179218199222247190242224233
Days Payable494245529974707575675655
Cash Conversion Cycle217231169140130134170192131191202230
Working Capital Days397470309213342215689115
ROCE %18%14%12%10%16%20%15%17%22%23%26%30%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%72.58%
FIIs9.93%10.13%10.76%10.83%10.80%10.63%9.72%9.32%7.94%8.15%7.91%7.80%
DIIs1.55%1.55%1.52%1.90%1.97%1.99%3.29%3.85%4.12%4.21%3.28%3.66%
Government0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.02%0.02%0.02%0.02%
Public15.88%15.68%14.67%14.24%14.19%14.43%14.36%14.21%15.33%15.03%16.20%15.93%
Others0.00%0.00%0.41%0.41%0.41%0.33%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders38,93641,64038,48939,11673,82678,18974,99463,7141,12,7661,23,2831,66,8451,56,601

Fundamentals

Market Cap₹ 29,044 Cr.
Current Price₹ 1,862
Stock P/E21.2
Book Value₹ 398
ROCE30.2 %
ROE23.4 %
Dividend Yield2.69 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)12%
Consolidated figures.
Valuation
Market capRs 28,852 Cr
Enterprise valueRs 29,053 Cr
P/E (TTM)21.09x
Price to book4.64x
Price to sales4.72x
EV / EBITDA15.44x
EV / EBIT16.55x
EV / sales4.75x
Price to cash flow55.68x
Earnings yield4.74%
Dividend yield2.70%
P/E, 3-year average12.05x
P/B, 3-year average2.74x
P/E, 5-year average8.94x
P/B, 5-year average1.94x
Profitability
Operating margin (excl. other income)24.79%
Operating margin (incl. other income)32.44%
EBITDA margin30.80%
Pre-tax margin28.54%
Net profit margin22.39%
Net margin, latest quarter16.46%
ROE26.64%
ROCE32.89%
ROA19.98%
ROE, 3-year average23.99%
ROCE, 3-year average29.14%
ROA, 3-year average17.68%
ROE, 5-year average21.84%
ROCE, 5-year average26.38%
ROA, 5-year average15.89%
ROIC (approx.)21.52%
Tax rate21.36%
Other income / net worth7.87%
Growth
Sales growth (latest year)13.90%
Profit growth (latest year)42.35%
Sales CAGR, 3 years21.51%
Sales CAGR, 5 years20.41%
Profit CAGR, 3 years30.26%
Profit CAGR, 5 years32.30%
Sales growth QoQ-32.55%
Profit growth QoQ-61.95%
Sales growth YoY (latest quarter)-18.89%
Profit growth YoY (latest quarter)-44.32%
Per share
EPS (TTM)Rs 87.71
EPS (latest year)Rs 97.84
EPS (latest quarter)Rs 12.72
EPS, 3-year averageRs 157.95
EPS, 5-year averageRs 138.18
Book value per shareRs 398.28
Sales per shareRs 391.74
Cash flow per shareRs 33.22
Free cash flow per shareRs 13.78
Dividend per share (latest year)Rs 50.01
Dividend per share, 3-year averageRs 67.01
Dividend per share, 5-year averageRs 54.61
Dividends
Dividend payout51.11%
Dividend payout, 3-year average43.39%
Dividend payout, 5-year average39.31%
Efficiency
Asset turnover0.77x
Fixed asset turnover7.87x
Inventory turnover1.62x
Inventory days226 days
Debtor days52 days
Debtors turnover7.04x
Creditor days55 days
Cash conversion cycle230 days
Working capital days115 days
Leverage
Total debtRs 234 Cr
Cash and bankRs 33 Cr
Net debtRs 201 Cr
Debt to equity0.04x
Net debt / EBITDA0.11x
Interest coverage153.55x
Current ratio (filing 2026-03-31)2.44x
Quick ratio (filing 2026-03-31)1.19x
Trade payables (filing 2026-03-31)Rs 532 Cr
Owners' fund to total sources74.76%
Debt to assets2.81%
Cash flow
Cash from Operating Activity (latest year)Rs 518 Cr
Cash from Investing Activity (latest year)Rs 27 Cr
Cash from Financing Activity (latest year)Rs -619 Cr
Net Cash Flow (latest year)Rs -73 Cr
Free cash flow (latest year)Rs 215 Cr
FCFE (approx.: FCF + change in debt)Rs 270 Cr
Cash from ops / profit, 5 years0.46x
Sales to cash flow12.33x
Statement figures
Net sales (TTM)Rs 6,110 Cr
Net sales (latest year)Rs 6,391 Cr
Sales (latest quarter)Rs 1,206 Cr
Operating profit excl. other income (latest year)Rs 1,585 Cr
Operating profit (latest quarter)Rs 181 Cr
Other income (TTM)Rs 454 Cr
EBITDA (TTM)Rs 1,882 Cr
PBDT (TTM)Rs 1,871 Cr
Profit before tax (TTM)Rs 1,744 Cr
Tax (latest year)Rs 415 Cr
Net profit (TTM)Rs 1,368 Cr
Net profit (latest year)Rs 1,526 Cr
Net profit (latest quarter)Rs 198 Cr
Depreciation (TTM)Rs 127 Cr
Depreciation (latest quarter)Rs 34 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 3,663 Cr
Total expenditure (latest year)Rs 4,806 Cr
Total income (latest year)Rs 6,880 Cr
Share capitalRs 31 Cr
ReservesRs 6,181 Cr
Shareholders' fundsRs 6,212 Cr
Total assetsRs 8,310 Cr
Net blockRs 812 Cr
Capital work in progressRs 168 Cr
InvestmentsRs 3,299 Cr
ReceivablesRs 907 Cr
InventoryRs 2,264 Cr
Other liabilitiesRs 1,864 Cr
Shares outstanding (crore)15.60
Ownership
Promoter holding72.58% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.1 is at the 42th percentile of its own 9.4-year range (median 22.8, low 11.6, high 47.7).
P/B 4.64 is at the 73th percentile (median 3.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGODFRYPHLPNifty 50Difference
1 week-6.3%-2.8% -3.5 pts
1 month-11.0%-6.8% -4.2 pts
3 months-14.8%-7.6% -7.1 pts
6 months-1.3%+0.4% -1.7 pts
1 year-44.7%-9.9% -34.8 pts
2 years-24.5%-13.6% -11.0 pts
3 years+154.8%+14.2% +140.7 pts
5 years+340.1%+27.9% +312.2 pts
97 mutual fund schemes hold about ₹1,086 Cr. Over three months 76 bought more and 12 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Midcap Fund1.36%233 +1%
HSBC Value Fund0.83%128 +10%
JM Flexi Cap Fund2.18%113 -8%
HDFC Large & Mid Cap Fund0.30%92 +10%
Mahindra Manulife Multi Cap Fund1.16%89 +45%
HSBC Large & Mid Cap Fund0.81%48 +2%
HSBC Small Cap Fund0.24%45 +6%
JM Mid Cap Fund2.90%39 +4%
LIC MF Multi Cap Fund1.23%28 +33%
LIC MF Large Cap Fund1.39%19 +30%
JM Value Fund2.38%19 -21%
JM Small Cap Fund1.94%18 -22%
LIC MF Multi Asset Allocation Fund1.74%18 +9%
Bank of India Multi Cap Fund1.20%16 +36%
HSBC Multi Cap Fund0.23%14 +3%
LIC MF Consumption Fund2.72%13 +17%
Aditya Birla SL Arbitrage Fund0.04%12 +105%
HSBC Equity Savings Fund(M0.72%11 +100%
LIC MF Dividend Yield Fund1.16%9 +8%
Invesco India Consumption Fund1.45%9 -14%
LIC MF Dividend Yield Fund1.16%8 +8%
Mahindra Manulife Consumption Fund1.72%8 +35%
Motilal Oswal Nifty Midcap 150 Index Fund0.20%8 +9%
Bank of India Consumption Fund2.06%8 +25%
Mahindra Manulife Multi Asset Allocation Fund0.61%8 +100%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 26% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 12% of total assets in 2026
explainReceivables outrunning sales Receivables grew 76% vs sales +14% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-06-30H M A Udyog Private LimitedPromoter Groupbuy41,000Rs 6.91 CrMarket Purchase
2023-06-30Motto Investment Private LimitedPromoter Groupsell45,000Rs 7.52 CrMarket Sale
2023-06-30H M A Udyog Private LimitedPromoter Groupbuy4,000Rs 0.68 CrMarket Purchase
2022-12-07Spicebulls Investments LimitedPromoter Groupsell5,647Rs 1.01 CrMarket Sale
2022-12-05Spicebulls Investments LimitedPromoter Groupsell1,391Rs 0.25 CrMarket Sale
2022-12-02Spicebulls Investments LimitedPromoter Groupsell21,730Rs 3.95 CrMarket Sale
2022-12-01Spicebulls Investments LimitedPromoter Groupsell16,150Rs 2.94 CrMarket Sale
2022-11-30Spicebulls Investments LimitedPromoter Groupsell18,893Rs 3.43 CrMarket Sale
2022-11-24Spicebulls Investments LimitedPromoter Groupsell1,944Rs 0.35 CrMarket Sale
2022-11-23Spicebulls Investments LimitedPromoter Groupsell17,836Rs 3.24 CrMarket Sale
2021-03-30K K Modi Investment And Financial Promoter Groupbuy1,717Rs 0.15 CrMarket Purchase
2021-03-30K K Modi Investment And Financial Promoter Groupbuy22,258Rs 1.99 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,206 Cr -18.8% vs Jun 2025. Net profit ₹198 Cr -44.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-11Dividend - Rs 33 Per Sh
2025-11-10Interim Dividend - Rs 17 Per Share
2025-09-16Bonus 2:10.3333
2025-08-22Dividend - Rs 60 Per Share
2024-11-29Interim Dividend - Rs 35 Per Share
2024-08-23Annual General Meeting / Dividend - Rs 56 Per Share
2023-08-11Annual General Meeting/Dividend - Rs 44 Per Share
2022-08-11Annual General Meeting/Dividend - Rs 28 Per Share
2021-07-28 Annual General Meeting/Dividend - Rs 24 Per Share
2020-09-24 Annual General Meeting
2020-03-17 Interim Dividend - Rs 24 Per Share
2019-09-13 Annual General Meeting/Dividend - Rs 10 Per Share
2018-09-17 Annual General Meeting/Dividend- Rs 8 Per Share
2017-09-07 Annual General Meeting/Dividend - Rs 8/- Per Share
2016-09-16 Annual General Meeting And Dividend Rs.8/- Per Share
2015-09-21 Annual General Meeting/ Dividend - Rs 8/- Per Share
2014-11-28Face Value Split From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2014-09-15Annual General Meeting/Dividend - Rs.40/- Per Share
2013-09-05Annual General Meeting And Dividend Rs.40/- Per Share
2012-08-30Annual General Meeting / Dividend Rs 40 Per Share
2011-09-08Annual General Meeting And Dividend Rs.35/- Per Share (Bc Dates Revised)
2010-09-02Annual General Meeting And Dividend Rs.25/- Per Share
2009-09-17Agm/Div-Rs.25/- Per Share
2008-08-21Agm/Div-Rs.25 Per Share
2007-08-23Dividend-Rs.25/- Per Sh
2006-09-01Agm/Dividend-225%
DateTypeWhat it says
2026-08-25Shareholder meetingShareholders meeting
2026-08-24Shareholder meetingProceedings of Annual General Meeting held on August 24, 2026
2026-07-31General UpdatesGeneral Updates
2026-07-31General UpdatesSubmission of Business Responsibility and Sustainability Report.
2026-07-31Shareholder meetingNotice of Annual General Meeting to be held on August 24, 2026
2026-07-29General UpdatesIntimation of Communication to Shareholders with respect to Tax Deduction at Source (TDS) on Dividend pertaining to FY 2025-26.
2026-07-27General UpdatesEarnings presentation Q1 FY 2026-27
2026-07-27General UpdatesConvening of the 89th Annual General Meeting of the Company on Monday, 24th August 2026 at 2.30 P.M.(IST) through video conferencing/other audio-visua...
2026-07-27Record DateRecord date for the purpose of Final Dividend 2025-26 is 11-Aug-2026.
2026-07-27Board meeting outcomeGodfrey Phillips India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-24General UpdatesIntimation of Notice to Shareholders for Transfer of Equity Shares to the Investor Education and Protection Fund (IEPF) Authority.
2026-07-09General UpdatesCopy of Newspaper Publication regarding loss of share certificates.
2026-07-09General UpdatesCopy of Newspaper Publication regarding special window for transfer and dematerialization of physical shares.
2026-06-12Disclosure under SEBI TakeovLongwell Investment Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-06-02Disclosure under SEBI TakeovBina Modi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisi...
2026-05-27Arrangements for strategic, Arrangements for strategic, technical, manufacturing, or marketing tie up - Contract Manufacturing Agreement.
2026-05-19General UpdatesUpdate on fire incident
2026-05-16General UpdatesNewspaper publication
2026-05-15General UpdatesEarnings Presentation
2026-05-15AppointmentAppointment of Mr. Rajesh Menon as Chief Commercial and Operations Officer and Senior Management Personnel of the company w.e.f. September 01, 2026.
2026-05-15Arrangements for strategic, Arrangements for strategic, technical, manufacturing, or marketing tie up-Distribution Agreement
2026-05-15DividendBoard of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 33 per equity share.
2026-05-15Board meeting outcomeGodfrey Phillips India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15Disclosure under SEBI TakeovBina Modi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisi...
2026-05-15Disclosure under SEBI TakeovPhilip Morris Global Brands Inc. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange B...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.57
Max pain (expiry 2026-10-27)1,950
Largest call open interest at2,000
Largest put open interest at1,900
Implied volatility, at the money31.4%
Underlying at snapshot1,849.70
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30259
2026-09-293,850
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Godfrey Phillips India Ltd?

Godfrey Phillips India Ltd (GODFRYPHLP) has a market capitalisation of Rs 29,044 Cr. at the 2026-10-01 close.

What is the P/E ratio of Godfrey Phillips India Ltd?

Godfrey Phillips India Ltd trades at a P/E of 21.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Godfrey Phillips India Ltd's latest quarterly results?

In the Jun 2026 quarter, Godfrey Phillips India Ltd sales was Rs 1,206 Cr (-18.8% vs Jun 2025) and net profit was Rs 198 Cr.

What is the 52-week high and low of Godfrey Phillips India Ltd?

The 52-week high is Rs 3,498.00 and the 52-week low is Rs 1,832.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03