Godfrey Phillips India Ltd
Godfrey Phillips India Ltd (GODFRYPHLP)

Godfrey Phillips India Ltd (GODFRYPHLP)

₹1198.651.16%

Key Stats

₹1185
Day's Price Range
₹1207
₹933
52-Week Price Range
₹1408.75
1 Month Return13.32 %
3 Month Return6.94 %
1 Year Return21.16 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 22
14.23
EPS
Rank 2
₹84.25
BVPS
Rank 3
₹496.61
Dividend Yield
Rank 10
2.63%
ROE
Rank 45
12.8%
Price To Book Ratio
Rank 31
2.41
Debt To Asset
Rank 79
0.31

Company Information

Godfrey Philips India GPIL promoted in December 03 1936 by Godfrey Philips London has business presence in manufacturing of cigarettes chewing products tobacco products trading of cigarettes tobacco products tea other retail products trading distribution of vaping products acquisition of securities and real estate development. As on 31 March 2019 GPIL had 7 subsidiaries and 3 associate companies.Godfrey Philips India GPIL is now a part of KK Modi Group of companies. Phillips Morris a major cigarette producer in the world acquired full ownership in GPIL through its wholly owned subsidiary Phillips Morris International Financila Corporation PMIFC. Then in 1979 PMIFC along with five other Nonresident Foreign Shareholders reduced their shareholding in GPIL to a level not more than 40. Presently Phillips Morris holds 25.10 stake in GPIL.The major Cigarette brands owned by the company are Black and White Four Square Cavander Navy Cut Red White Virgin Gold Chesterfield and Originals etc. The company added four new cigaratte brands to its stable i.e Piper Tipper Prince and Jaisalmer in last two year during 200203. The Piper and Tipper being a unique product in the industry is well accepted in the market. During 200304 the company introduced a premium 69mm brand Maxus a king size quality regular size cigarette and the company has test launched a new brand Force10 in Nagpur and Ludhiana markets.Further the company has also launched three Cigar brands i.e Phillies Havatampa and Don Diego in 2002. These cigars are imported by the company under an arrangement with altadis of USA one of the Worlds leading cigar manufacturers. The company has taken to outsource cigarettes and marketing under its brands. In this regard the company has entered into arrangements with some Assam based Small Scale Industries. In Sep.2003 the one more Cigar brand Santa Damania was also introduced.In 1987 it diversified into the blending and manufacture of branded tea at Guntur Andhra Pradesh. In 1987 the company commenced the sale of specially blended and branded loose tea from an exclusive franchised outlet called Tea City in Delhi. Distribution network for Tea City was further expanded to Bihar Madhya Pradesh and Rajasthan. It also diversified into property development. The companys factory at Andheri Mumbai has been awarded a certificate of ISO 14001. The certification takes into account the Environmental Management System in place in the factory enabling it to conserve natural resources. During 200405 the company set up a new pilot Research Development plant in Andheri factory.The company launched the SixSigma Initiative called Project Lakshya during 200405 and this will help to enhance the operational efficiency fostor innovation new product development and to implement effective marketing and distribution programs.During 200405 the company expanded its installed capacity of Cigarettes by 109 million Nos. and the installed capacity of cigarettes increased to 3377 million Nos.During the year ended 31 March 2014 GPILs tea division focused on capturing the premiumization trend in the domestic market and extended its mainstay the Supercup brand to develop the franchise and participated in the upper midpremium segment by launching Supercup Gold and Supercup Premium continued expanding presence in alternate highgrowth channels like modern trade institutions and home shopping. With an aim of strengthening quality focus the company implemented the Kaizen and 5S systems at both its tea factories at Kolkata and Bazpur.In chewing products business the company launched Raag Pan Masala and Raaga Zarda and reaped the gains of this launch in Gujarat MPDuring the year under review GPILs Corporate Development division continued to serve towards finetuning the business model through long term planning for the Company and providing strategic inputs to the senior leadership as well as the business teams by continuously engaging in alignment of business objectives long term planning for identification of key trends monitoring the changes in the market and competitive landscape understanding the industry trends and its impact on the business analysing the regulatory environment and providing inputs on business portfolio optimization.GPIL suffered a setback in its chewing products business during the year ended 31 March 2015 despite investing significant time and money to develop the business. The company launched Raag Gold Pan Masala and Raagaa Gold Zarda in Nepal with Mahanayak Rajesh Hamal as the brand ambassador.During the year ended 31 March 2015 the companys leaf tobacco exports recoded strong growth. Competitive pricing resulted into higher business from all regions including Greece South Africa Bulgaria Brazil Taiwan and Egypt.Pursuant to the approval of the shareholders at Annual General Meeting held on 23 September 2014 each equity share of nominal face value of Rs.10/ each was subdivided into five equity shares of face value of Rs.2/ each with effect from 1 December 2014.During the year ended 31 March 2016 GPILs tea business vertical focused on driving business basis the regional consumer taste preferences by creating exclusive blends for key markets of Rajasthan UP and JK. The companys tea business in the institutional segment has shown better performance during the year with supplies to prestigious institutions like CSD CPC and ASC.With an increase in portfolio with mid premium segment brand Raag GPILs Chewing Products business initiated the foray into eastern markets with great success with steady revenues from the states of West Bengal Odisha Jharkhand other North Eastern states. The company also made some advances in the confectionary business on the back of a successful foray into the lucrative Re. 1 candy segment with Pan Vilas candies.As part of the growth strategy the companys branch office in Dubai was converted into a wholly owned subsidiary named Godfrey Phillips Middle East DMCC. During the year ended 31 March 2017 GPILs tea business vertical continued to focus on regional consumer taste preferences to drive demand of its products across its key markets. In an effort to drive longterm growth the company invested in modernization of its Bazpur Uttarakhand manufacturing unit with the aim to enhance its compliance to regulatory safety and quality standards.FY 2017 was breakthrough year for the companys Chewing Products business with a record 70 growth in sales revenue growing from Rs. 151 crores to Rs. 258 crores in 201617. It was a year in which the company made significant inroads into capturing market share in both the premium and midpremium segments of the Pan Masala industry. Through consistent delivery of a high quality product supported by efficiency in distribution and consumer acquisition the company captured a majority segment share in Gujarat and also developed newer geographies like Odisha Jharkhand and West Bengal which constituted 35 of national volumes.GPIL also showcased a record growth in sales revenue of 40 in the confectionary business in FY 2017 on the back of a strong showing in the Re. 1 segment. Pan Vilas Burst candies launched during the year established itself in the confectionary industry through a highly innovative taste and strength in distribution.During the year ended 31 March 2018 GPIL decided to divest from tea business.The companys Chewing Products registered highest ever gross revenue of Rs. 460 crore in 201718. During the year the company made significant inroads in capturing market share in both premium mid premium segments of the Pan Masala industry. Through relentless brand work supported by efficiency in distribution and single minded focus to deliver a high quality product the company increased its market share in stronghold market of Gujarat and revived growth in key geographies like Madhya Pradesh Uttar Pradesh.The number of companys 24Seven chain of convenience stores increased from 46 to 61 in FY 2018.
OrganisationGodfrey Phillips India Ltd
HeadquartersMumbai
IndustryTobacco Products