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    Godfrey Phillips India Limited

    KK Modi Group FMCG maker of cigarettes, unmanufactured tobacco leaf and confectionery; makes Marlboro for PMI.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    ₹2,271
    +1.82% from avg

    Overview

    Price

    ₹2,271

    Market Cap

    ₹34.5k Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010101010103131
    Reserves2.2k2.6k2.9k3.5k4.2k5.2k5.8k6.2k
    Borrowings357396337355345179175234
    Other Liabilities7517548371.1k1.3k1.5k2.1k1.9k
    Total Liabilities3.3k3.7k4.1k5.0k5.8k7.0k8.1k8.3k
    AssetsFixed Assets1.0k1.0k983932893732725812
    CWIP17264222102383168
    Investments1.3k1.6k1.8k2.7k3.0k3.2k3.7k3.3k
    Other Assets1.0k1.1k1.2k1.3k1.9k3.0k3.6k4.0k
    Total Assets3.3k3.7k4.1k5.0k5.8k7.0k8.1k8.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating362375310479736290107518
    Cash from Investing-310-72-298-234-5415540227
    Cash from Financing-43-303-16-238-206-359-491-619
    SummaryCapital Expenditure
    Free Cash Flow233254180405736192-53215
    FCF Margin

    Valuation

    Assumptions

    Current — GODFRYPHLP
    Price
    ₹2,271
    EPS (TTM)
    ₹87.72
    PE (TTM)
    25.9
    Profit growth
    30.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (42.2×) and current (25.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,271
    vs
    Fair value · 15% return
    ₹4,033
    78%Undervalued

    At 30.3% growth and a 26× exit, ₹2271 only delivers your return if you pay ₹4,033. The price is currently baking in 17% growth.

    EPS grows 30.3%/yr for 5 years, then fades to 6% over 2, exits at 26×.

    YearGrowthEPS (₹)
    FY2730.3%114.30
    FY2830.3%148.93
    FY2930.3%194.06
    FY3030.3%252.86
    FY3130.3%329.47
    FY3218.1% ·fade389.27
    FY336.0% ·fade412.63

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Godfrey Phillips India Limited

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