On 6 Nov 2026, Godfrey Phillips India was priced at ₹1,790.00, or 20.4× trailing earnings, against an industry P/E of 11.5×, and the shares are 41% below their 52-week high. Sales and net profit grew 22% and 30% a year over 3 years, with ROCE of 30% and ROE of 27%. It carries very little debt, and its dividend yield is 2.8%. It is a small-cap company with a market cap of ₹27,919 Cr, ranked 2nd of 7 Tobacco companies by market cap; the shares fell 41% over the past year.
- ₹1,725.00
- ₹1,806.00
- ₹1,723.00
- ₹1,794.00
- 4.1 L
Health check
- ReturnsBehind
−40.6% over a year, better than 1 of 6 peers.
- Price tagPricier
P/E 20.4 vs industry 11.5.
- GrowthSteady
Sales +21.6%, profit +30.3% a year over 3 years.
- ProfitabilityStrong
ROCE 30.0% vs peer median 23.7%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags4 to check
Quarterly profit down 44.3% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹27,919 Cr
- Small cap
- P/E
- 20.4
- Industry 11.5
- Price to book
- 4.49
- Peers 2.48
- Dividend yield
- 2.79%
- ROE
- 26.6%
- Peers 20.1%
- ROCE
- 30.0%
- Peers 23.7%
- Debt to equity
- 0.04
- Debt ₹234 Cr
- EPS (TTM)
- ₹87.68
- Face value ₹2
- OPM (TTM)
- 21.7%
- Net margin 22.4%
- Sales growth
- −18.9%
- Latest quarter vs a year ago
- Profit growth
- −44.3%
- Latest quarter vs a year ago
- Price to sales
- 4.57
- EV/EBITDA 19.3
Strengths and risks
Strengths
- Return on equity of 26.6%.
- Return on capital employed of 30.0%.
- Practically debt-free.
- Dividend yield of 2.79%.
- Net margin of 22.4%.
Risks to check
- Quarterly profit down 44.3% on a year ago.
- Quarterly sales down 18.9% on a year ago.
- P/E of 20.4 against an industry P/E of 11.5.
- 41% below its 52-week high.
About Godfrey Phillips India
Godfrey Phillips India Limited, together with its subsidiaries, manufactures and trades cigarettes, tobacco products, and related products in India and internationally. It operates through Cigarette, Tobacco and Related Products; and Others segments. The company provides cigarette products under the Marlboro, Four Square, Red & White, Stellar, Cavanders, Originals, North Pole & Tipper, Focus, Jaisalmer, Ultima, Black Jack, Force 10, and Bulls & Bears,…
- Headquarters
- New Delhi
- Employees
- 1,121
- Sector
- Consumer Defensive
- ISIN
- INE260B01028
- Website
- godfreyphillips.co.in
Price range
- Avg volume (3M)
- 2.1 L
- 1-year return
- minus 40.6%
- From 52-week high
- minus 41.4%
Peers · Tobacco
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITCITC | 283.15 | plus 1.54% | 3,54,841 | 18.8 | 4.98 | 36.5% | 26.8% | 32.1% | 3.6% | 2.5% | 5.74% | minus 31.8% |
| GODFRYPHLPGodfrey Phillips India | 1,790.00 | minus 0.22% | 27,919 | 20.4 | 4.49 | 30.0% | 26.6% | 23.2% | 21.6% | 30.3% | 2.79% | minus 40.6% |
| VSTINDVST Industries | 194.08 | plus 0.88% | 3,291 | 12.7 | 2.49 | 23.7% | 20.1% | 29.2% | 4.2% | −3.7% | 6.24% | minus 25.9% |
| ELITECONElitecon International | 6.10 | minus 4.54% | 975 | 5.3 | 2.46 | 34.2% | 63.6% | 7.6% | 343.9% | – | 0.00% | minus 62.7% |
| NTCINDNTC Industries | 119.66 | minus 1.89% | 174 | 8.2 | 0.83 | 11.0% | 9.3% | 23.6% | 31.6% | 45.7% | 0.00% | minus 14.2% |
| GOLDENTOBCGolden Tobacco | 21.00 | minus 3.18% | 37 | 10.3 | −0.18 | – | – | −14.4% | – | – | 0.00% | minus 36.2% |
| SINNARSinnar Bidi Udyog | 594.80 | minus 3.76% | 24 | – | 5.59 | −1.8% | −3.1% | 0.2% | −8.4% | – | 0.00% | minus 27.6% |
| Median of 6 peers | – | −2.54% | 574 | 10.3 | 2.48 | 23.7% | 20.1% | 15.6% | 4.2% | 2.5% | 0.00% | −29.7% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,474 | 1,817 | 1,781 | 1,192 | 1,332 | |
| 1,137 | 1,437 | 1,228 | 1,010 | 1,119 | |
| 338 | 380 | 553 | 181 | 213 | |
| 22.9% | 20.9% | 31.0% | 15.2% | 16.0% | |
| 141 | 94.2 | 151 | 107 | 74 | |
| 2.9 | 3.1 | 3 | 2.6 | 3.6 | |
| 28.1 | 31 | 32.6 | 34.3 | 38.9 | |
| 448 | 440 | 668 | 251 | 245 | |
| 20.5% | 22.0% | 22.1% | 21.0% | 22.4% | |
| 356 | 343 | 521 | 198 | 190 | |
| 22.84 | 22.01 | 33.43 | 12.72 | 12.18 |
Profit & loss
- Sales CAGR 3Y
- +21.6%
- Profit CAGR 3Y
- +30.3%
- EPS CAGR 3Y
- +30.3%
- ROE
- 26.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,530 | 3,969 | 5,578 | 6,353 | |
| – | +12.4% | +40.5% | +13.9% | |
| 2,714 | 3,035 | 4,382 | 4,759 | |
| 816 | 934 | 1,197 | 1,593 | |
| 23.1% | 23.5% | 21.5% | 25.1% | |
| 112 | 191 | 256 | 335 | |
| 29 | 13.7 | 12.3 | 11.7 | |
| 154 | 146 | 128 | 121 | |
| 127 | 186 | 159 | 145 | |
| 873 | 1,152 | 1,471 | 1,940 | |
| 20.9% | 19.6% | 21.6% | 21.4% | |
| 690 | 883 | 1,072 | 1,526 | |
| – | +27.9% | +21.4% | +42.4% | |
| 44.27 | 56.62 | 68.94 | 97.84 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.4 | 10.4 | 10.4 | 31.2 | |
| 3,538 | 4,222 | 5,235 | 6,181 | |
| 354 | 344 | 177 | 232 | |
| 1,067 | 1,267 | 1,546 | 1,866 | |
| 4,968 | 5,843 | 6,969 | 8,310 | |
| 904 | 878 | 773 | 990 | |
| 26.8 | 35.8 | 95.3 | 224 | |
| 2,438 | 2,767 | 2,930 | 2,617 | |
| 160 | 170 | 196 | 583 | |
| 1,439 | 1,992 | 2,975 | 3,897 | |
| 4,968 | 5,843 | 6,969 | 8,310 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 736 | 290 | 107 | 518 | |
| −541 | 55.4 | 402 | 27.5 | |
| −206 | −359 | −491 | −619 | |
| −11.1 | −13.1 | 18.2 | −72.9 | |
| −86.7 | −100 | −168 | −312 | |
| 649 | 190 | −60.5 | 206 | |
| −145 | −228 | −469 | −575 |
Shareholding pattern
- Promoters72.58%
- Public27.41%
- Employee trusts0.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.58% | 27.41% | 0.00 | |
| 30 Jun 2026 | 72.58% | 27.42% | 0.00 | |
| 31 Mar 2026 | 72.58% | 27.42% | 0.00 | |
| 31 Dec 2025 | 72.58% | 27.42% | 0.00 | |
| 30 Sep 2025 | 72.58% | 27.42% | – |
Major shareholders
Filings & events
News
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