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Godrej Consumer
Godrej Consumer
Marginal Tax Rate 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% MANUALLY INPUT MARGINAL TAX RATE FOR THE COMPANY
GROWTH ANALYSIS
SALES Op. EBIT PAT
9 Year CAGR 12% 14% 13%
7 Year CAGR 6% 11% 9%
5 Year CAGR 4% 9% 9%
3 Year CAGR 2% 4% 5%
TTM CAGR 5% 9% 6%
Interest Coverage (Op. EBIT/Int) 12.5 11.0 10.5 9.0 11.2 12.0 11.3 11.0 8.2 8.5
Total CFO - Int Tax Shield 11,376 (Cum CFO - Interest)/Cum PAT 95% (ideally, should be more than 75%. Higher the better)
- Total Capex 7,282
TOTAL FCFF 4,094 (Should be greater than 0. Higher the better) Cum FCFF/Cum EBIAT 37%
(Payout Ratio)
- Total Interest + Int Tax Benefit 880
Total FCFE through operations 3,213 (Should be greater than 0. Higher the better)
VALUATION MULTIPLES
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 15.6.21
No. of shares (in crores) 97 102 102 102 102 102 102 102 102 102 102
EPS 5 7 8 8 10 8 13 16 23 15 16
Stock Price 122 160 259 286 347 460 557 729 686 521 710
P / ETTM 23.0 21.7 31.3 35.7 36.3 56.6 43.5 45.6 29.9 35.6 45.8
Debt - Cash 1,774 1,237 1,709 1,669 1,823 2,137 3,088 2,547 2,487 2,805
Enterprise Value (EV) 15,603 17,575 28,187 30,921 37,264 49,159 60,017 77,061 72,610 56,051 -
EBIT 702 1,050 1,112 1,150 1,361 1,295 1,841 2,212 2,324 1,989 2,159
EV / EBITTTM 22.2 16.7 25.3 26.9 27.4 38.0 32.6 34.8 31.2 28.2
Book Value / Share 17.8 27.5 32.4 37.0 42.2 41.8 51.9 61.2 71.1 77.3 77.3
P/B 6.9 5.8 8.0 7.7 8.2 11.0 10.7 11.9 9.6 6.7 9.2
DIVIDENDS
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 15.6.21
Dividends (Rs crores) 146 162 177 179 187 196 511 681 1,022 818
Dividends/Net Profit 28% 22% 21% 22% 19% 24% 39% 42% 44% 55%
Dividends/Share 1.5 1.6 1.7 1.8 1.8 1.9 5.0 6.7 10.0 8.0
Stock Dividend Yield 1% 1% 1% 1% 1% 0% 1% 1% 1% 2% 1%
% RETURN IF YOU PURCHASED THE STOCK IN THE PAST AND SOLD IT TODAY
INPUT Date of Purchase Mar/17
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 15.6.21
Stock Bought - - - - - - -557 - - -
Dividends - - - - - - 5.0 6.7 10.0 8.0
Stock Sold 710
Total - - - - - - -552 7 10 8 710
IRR 7.2%
NOTE: The IRR calculated above DOES NOT account for buybacks, if any, by a company
Excel Sheet Made by Amol N
GODREJ CONSUMER PRODUCTS LTD
(all figures in Rs crores) BALANCE SHEET COMMON SIZE BALANCE SHEET
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
Equity Share Capital 32 34 34 34 34 34 34 68 102 102 1% 1% 0% 0% 0% 0% 0% 0% 1% 1%
Reserves 1,693 2,770 3,279 3,741 4,277 4,233 5,268 6,190 7,165 7,796 38% 46% 43% 45% 47% 44% 41% 45% 51% 52%
Borrowings 2,001 1,877 2,456 2,373 2,717 2,891 4,001 3,508 3,382 3,575 45% 31% 32% 29% 30% 30% 31% 25% 24% 24%
Trade Payables (Manually copy from Screener.in) 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Other Liabilities 764 1,317 1,926 2,171 2,097 2,521 3,637 4,098 3,445 3,407 17% 22% 25% 26% 23% 26% 28% 30% 24% 23%
TOTAL LIABILITIES 4,490 5,998 7,695 8,320 9,125 9,679 12,940 13,864 14,094 14,880 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Net Block 3,078 3,692 4,496 5,121 5,551 5,931 8,083 8,315 8,670 9,231 69% 62% 58% 62% 61% 61% 62% 60% 62% 62%
Capital Work in Progress 8 38 141 167 225 44 97 84 52 57 0% 1% 2% 2% 2% 0% 1% 1% 0% 0%
Cash & Bank 227 640 748 705 894 754 913 960 895 770 5% 11% 10% 8% 10% 8% 7% 7% 6% 5%
Investments - - 121 136 186 190 934 997 516 672 0% 0% 2% 2% 2% 2% 7% 7% 4% 5%
Inventory 439 784 1,047 1,082 1,072 1,307 1,413 1,578 1,559 1,703 10% 13% 14% 13% 12% 14% 11% 11% 11% 11%
Receivables 384 473 729 732 805 1,118 1,029 1,246 1,293 1,157 9% 8% 9% 9% 9% 12% 8% 9% 9% 8%
Loans & Advances (Manually copy from Screener.in) 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Other Assets 354 372 414 376 393 335 472 684 1,109 1,289 8% 6% 5% 5% 4% 3% 4% 5% 8% 9%
TOTAL ASSETS 4,490 5,998 7,695 8,320 9,125 9,679 12,940 13,864 14,094 14,880 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Average Working Capital Turnover 4.7 4.2 4.2 4.5 3.9 3.8 3.7 3.6 3.5
Average Fixed Asset Turnover 1.4 1.5 1.5 1.5 1.4 1.3 1.2 1.2 1.1 1.4 1.1 1.5
Other Income 22 20 35 43 70 65
Interest 24 48 55 101 104 156
Profit before tax 593 505 1,146 951 1,507 1,279
Tax 140 108 286 189 301 156
Net profit 453 396 14% 860 762 13% 1,206 1,123 7%
Dec-20 Dec-19 Dec-18 Sep-20 Sep-19 Sep-18 Jun-20 Jun-19 Mar-20 Mar-19
Sales 3,055 2,778 2,724 2,915 2,630 2,661 2,327 2,349 2,154 2,453
10% 2% 11% -1% -1% -12%
Operating Profit 644 582 566 622 524 444 423 408 423 535
11% 3% 19% 18% 4% -21%
COMPANY NAME GODREJ CONSUMER PRODUCTS LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10
META
Number of shares 102.25
Face Value 1.00
Current Price 710.25
Market Capitalization 72,622.09
Quarters
Report Date Sep-18 Dec-18 Mar-19 Jun-19
Sales 2,660.65 2,723.98 2,452.58 2,348.75
Expenses 2,174.13 2,115.28 1,874.66 1,893.15
Other Income 286.14 28.64 22.72 21.84
Depreciation 42.57 42.69 42.59 47.34
Interest 61.22 57.82 57.48 55.07
Profit before tax 668.87 536.83 500.57 375.03
Tax 91.14 113.31 -434.67 -32.57
Net profit 577.73 423.52 935.24 407.60
Operating Profit 486.52 608.70 577.92 455.60
BALANCE SHEET
Report Date Mar-11 Mar-12 Mar-13 Mar-14
Equity Share Capital 32.36 34.03 34.03 34.04
Reserves 1,692.80 2,769.94 3,279.01 3,741.36
Borrowings 2,000.75 1,876.91 2,456.34 2,373.42
Other Liabilities 764.06 1,317.25 1,925.69 2,171.27
Total 4,489.97 5,998.13 7,695.07 8,320.09
Net Block 3,077.68 3,691.79 4,496.06 5,121.36
Capital Work in Progress 8.02 37.58 140.85 167.07
Investments 121.18 136.27
Other Assets 1,404.27 2,268.76 2,936.98 2,895.39
Total 4,489.97 5,998.13 7,695.07 8,320.09
Receivables 383.99 472.53 728.76 732.05
Inventory 439.41 783.91 1,047.09 1,082.13
Cash & Bank 226.91 639.87 747.60 704.79
No. of Equity Shares ### ### ### ###
New Bonus Shares
Face value 1.00 1.00 1.00 1.00
CASH FLOW:
Report Date Mar-11 Mar-12 Mar-13 Mar-14
Cash from Operating Activity 206.13 1,098.51 820.12 1,115.87
Cash from Investing Activity -2,527.41 -856.35 -865.18 -494.24
Cash from Financing Activity 2,236.89 -7.26 281.68 -620.49
Net Cash Flow -84.39 234.90 236.62 1.14
DERIVED:
Adjusted Equity Shares in Cr 97.08 102.08 102.10 102.12
PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET