As of January 20, 2024, Godfrey Phillips India Ltd’s share price closed at ₹2,194, marking an impressive gain of almost 48% in the past six months. The stock is currently in a consolidation phase, positioned below the robust resistance level ranging from ₹2,268 to ₹2,300. Anticipating a potential support level at ₹2,030, the company aims for a target of ₹2,724.
In this article, we delve into a comprehensive analysis of Godfrey Phillips India Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
Godfrey Phillips is one of the leading Tobacco manufacture in India. It was incorporated in 1844. It have many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. We also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.
| Founded | 1844 |
| NSE scrip | GODFRYPHLP |
| Chairman & MD | Dr. Bina Modi (2019 – current) |
| Sector | FMCG |
| Products | Tobacco, 24SEVEN, confectionary |
| Headquarters | New Delhi, India |
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Financial Details
The Market Cap stands at ₹11,464 Crores, reflecting the overall valuation of the company in the market.
The Stock P/E ratio is 14.3, indicating the price-to-earnings ratio for the company’s stock.
In terms of financial efficiency, the company reports a Return on Capital Employed (ROCE) of 21.5%, showcasing its ability to generate profits from its capital. The Return on Equity (ROE) is 18.2% above our benchmark of 15%.
The company maintains a low Debt to Equity ratio of 0.09, suggesting a conservative capital structure, and the actual Debt is ₹347 Crores.
Foreign Institutional Investors (FII) hold a 10.1% stake in the company, while Domestic Institutional Investors (DII) hold 1.55%.
The Earnings Per Share (EPS) is ₹154, providing insight into the company’s profitability on a per-share basis.
Additionally, the company has shown a Sales Growth of 19.6%, whereas sales growth over 3 years is 7.39 % and sales growth over 5 years is 8.90 %.
| Market Cap | ₹ 11,464 Cr. | Stock P/E | 14.3 |
| ROCE | 21.5 % | ROE | 18.2 % |
| Debt to equity | 0.09 | Debt | ₹ 347 Cr. |
| FII Holding | 10.1% | DII Holding | 1.55 % |
| EPS | ₹154 | Sales growth | 19.6 % |
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Financial Statement
In 2023, the net sales reached ₹3,562 crores, reflecting a substantial increase of approximately 32% from ₹2,688 crores in 2022, which itself had grown by about 6% from ₹2,525 crores in 2021.
Correspondingly, expenses also rose to ₹2,759 crores in 2023, showing an increase of around 34% from ₹2,054 crores in 2022, and an increase of about 39% from ₹1,984 crores in 2021.
Despite the increase in expenses, the company’s profitability demonstrated a positive trajectory. The profit after tax for 2023 amounted to ₹690 crores, marking a significant improvement of approximately 58% compared to ₹438 crores in 2022, which itself had grown by about 16% from ₹376 crores in 2021.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 3,562 | 2,688 | 2,525 |
| Expenses | 2,759 | 2,054 | 1,984 |
| Profit After Tax | 690 | 438 | 376 |
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Technical Analysis
Godfrey Phillips India Ltd’s stock is currently undergoing consolidation, indicating a phase of price stabilization. The price is expected to find support in the range of ₹2030 to ₹2020 before a potential breakout towards ₹2724.
Notably, a significant resistance level is identified at ₹2268. Breaking this resistance may necessitate finding support around ₹2030, facilitating an upward momentum targeting ₹2724 by the close of 2024.
Investors are advised to closely monitor these key levels for potential trading opportunities and trend developments in the stock.
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Table of Godfrey Phillips India Ltd Share Price Target
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹2,432 | ₹2,724 |
| 2025 | ₹2,823 | ₹2,932 |
| 2026 | ₹3,018 | ₹3,070 |
| 2027 | ₹3,323 | ₹3,498 |
| 2030 | ₹4,529 | ₹4,872 |
| 2040 | ₹13,223 | ₹14,283 |
| 2050 | ₹39,627 | ₹42,629 |
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Godfrey Phillips India Ltd share price target for 2024:
- Minimum Target: ₹2432
- Maximum Target: ₹2724
In the upcoming year, the company is anticipated to maintain a price range between ₹2432 and ₹2724.
Godfrey Phillips India Ltd share price target for 2025:
- Minimum Target: ₹2823
- Maximum Target: ₹2932
Moving into 2025, the projected price range widens, reaching between ₹2823 and ₹2932.
Godfrey Phillips India Ltd share price target for 2026:
- Minimum Target: ₹3018
- Maximum Target: ₹3070
Further into the future, specifically in 2026, the anticipated price range expands to ₹3018 to ₹3070.
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Godfrey Phillips India Ltd share price target for 2027:
- Minimum Target: ₹3323
- Maximum Target: ₹3498
By 2027, the company’s share price is expected to aim for a range of ₹3323 to ₹3498.
Godfrey Phillips India Ltd share price target for 2030:
- Minimum Target: ₹4529
- Maximum Target: ₹4872
Looking ahead to 2030, the minimum and maximum targets extend to ₹4529 and ₹4872, respectively.
Godfrey Phillips India Ltd share price target for 2040:
- Minimum Target: ₹13223
- Maximum Target: ₹14283
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹13223 and ₹14283.
Godfrey Phillips India Ltd share price target for 2050:
- Minimum Target: ₹39627
- Maximum Target: ₹42629
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹39627 to ₹42629.
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Positive and Negative Points of Godfrey Phillips India Ltd
Positive
- The company is virtually debt-free, showcasing a strong financial position.
- Over the last 5 years, the company has consistently delivered impressive profit growth at a Compound Annual Growth Rate (CAGR) of 38.1%.
- The company maintains a robust dividend payout of 33.2%, indicating a commitment to shareholder returns.
Negative
- ROCE is 21.5% which is less than the industry average of 29.8%
- ROE is 18.17% which is less than the industry average of 23.55%.
- Average sales growth over last 3 years is low 7.39%
- Average sales growth over last 5 years is low 8.90%
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
FAQs
Q1. What are the projected price targets for Godfrey Phillips India Ltd’s stock in 2024?
The minimum target for 2024 is ₹2432, and the maximum target is ₹2724.
Q2. How does the projected price range change for Godfrey Phillips India Ltd in 2025?
In 2025, the price range is expected to widen, with a minimum target of ₹2823 and a maximum target of ₹2932.
Q3. What are the anticipated targets for Godfrey Phillips India Ltd in 2026?
Moving into 2026, the projected price range expands, ranging between ₹3018 and ₹3070.
Q4. What can be expected for Godfrey Phillips India Ltd’s share price in 2027?
In 2027, the company aims for a range of ₹3323 to ₹3498.
Q5. What can be expected for Godfrey Phillips India Ltd’s share price in 2030?
Yes, looking ahead to 2030, the minimum and maximum targets extend to ₹4529 and ₹4872, respectively.
