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Godrej Consumer Products

NSEI:GODREJCP
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GODREJCP
NSEI
₹719B
Market Cap
  1. Home
  2. IN
  3. Household
Company description

Godrej Consumer Products Limited manufactures and sells personal and household care products in India, Indonesia, Africa, and internationally. The last earnings update was 51 days ago. More info.


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GODREJCP Share Price and Events
7 Day Returns
-1.6%
NSEI:GODREJCP
-1.8%
IN Personal Products
0.4%
IN Market
1 Year Returns
-2.7%
NSEI:GODREJCP
7.2%
IN Personal Products
2%
IN Market
GODREJCP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Godrej Consumer Products (GODREJCP) -1.6% 5.1% -12.3% -2.7% 62.3% 169%
IN Personal Products -1.8% 3.4% -7.2% 7.2% 48.3% 155%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • GODREJCP underperformed the Personal Products industry which returned 7.2% over the past year.
  • GODREJCP underperformed the Market in India which returned 2% over the past year.
Price Volatility
GODREJCP
Industry
5yr Volatility vs Market

Value

 Is Godrej Consumer Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Godrej Consumer Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Godrej Consumer Products.

NSEI:GODREJCP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 26 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GODREJCP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.673 (1 + (1- 35%) (5.86%))
0.798
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:GODREJCP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Godrej Consumer Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:GODREJCP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2019 15,140.82 Analyst x15 13,231.51
2020 17,756.88 Analyst x16 13,560.85
2021 20,394.55 Analyst x16 13,611.14
2022 22,615.94 Est @ 10.89% 13,190.31
2023 24,852.53 Est @ 9.89% 12,666.92
2024 27,135.88 Est @ 9.19% 12,086.61
2025 29,495.70 Est @ 8.7% 11,480.99
2026 31,959.31 Est @ 8.35% 10,871.22
2027 34,551.75 Est @ 8.11% 10,270.96
2028 37,296.27 Est @ 7.94% 9,688.72
Present value of next 10 years cash flows ₹120,659.24
NSEI:GODREJCP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹37,296.27 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹583,025.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹583,025.20 ÷ (1 + 14.43%)10
₹151,456.65
NSEI:GODREJCP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹120,659.24 + ₹151,456.65
₹272,115.89
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹272,115.89 / 1,022.17
₹266.21
NSEI:GODREJCP Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹266.21
Current discount Discount to share price of ₹703.55
= -1 x (₹703.55 - ₹266.21) / ₹266.21
-164.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Godrej Consumer Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Godrej Consumer Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Godrej Consumer Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GODREJCP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹19.80
NSEI:GODREJCP Share Price ** NSEI (2019-03-20) in INR ₹703.55
India Personal Products Industry PE Ratio Median Figure of 17 Publicly-Listed Personal Products Companies 26.12x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Godrej Consumer Products.

NSEI:GODREJCP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:GODREJCP Share Price ÷ EPS (both in INR)

= 703.55 ÷ 19.80

35.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Godrej Consumer Products is overvalued based on earnings compared to the IN Personal Products industry average.
  • Godrej Consumer Products is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Godrej Consumer Products's expected growth come at a high price?
Raw Data
NSEI:GODREJCP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts
9.3%per year
India Personal Products Industry PEG Ratio Median Figure of 7 Publicly-Listed Personal Products Companies 3.38x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NSEI:GODREJCP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.54x ÷ 9.3%

3.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Godrej Consumer Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Godrej Consumer Products's assets?
Raw Data
NSEI:GODREJCP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹67.24
NSEI:GODREJCP Share Price * NSEI (2019-03-20) in INR ₹703.55
India Personal Products Industry PB Ratio Median Figure of 20 Publicly-Listed Personal Products Companies 3.45x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:GODREJCP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GODREJCP Share Price ÷ Book Value per Share (both in INR)

= 703.55 ÷ 67.24

10.46x

* Primary Listing of Godrej Consumer Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Godrej Consumer Products is overvalued based on assets compared to the IN Personal Products industry average.
X
Value checks
We assess Godrej Consumer Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Godrej Consumer Products has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Godrej Consumer Products expected to perform in the next 1 to 3 years based on estimates from 26 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Godrej Consumer Products expected to grow at an attractive rate?
  • Godrej Consumer Products's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Godrej Consumer Products's earnings growth is positive but not above the India market average.
  • Godrej Consumer Products's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GODREJCP Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GODREJCP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts 9.3%
NSEI:GODREJCP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 26 Analysts 11.2%
India Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
India Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GODREJCP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GODREJCP Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 131,554 23,684 21,254 18
2020-03-31 117,160 20,331 18,503 20
2019-03-31 105,809 17,110 17,416 20
NSEI:GODREJCP Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 103,862 20,235
2018-09-30 102,946 20,298
2018-06-30 101,420 18,141
2018-03-31 98,433 17,234 16,342
2017-12-31 97,040 14,046
2017-09-30 94,758 13,266
2017-06-30 93,283 12,834
2017-03-31 92,679 18,602 13,041
2016-12-31 95,533 13,308
2016-09-30 93,438 13,468
2016-06-30 91,026 12,470
2016-03-31 84,239 8,474 8,276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Godrej Consumer Products's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Godrej Consumer Products's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GODREJCP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below

All data from Godrej Consumer Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GODREJCP Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 20.90 23.78 19.20 20.00
2020-03-31 18.11 20.37 16.90 22.00
2019-03-31 16.35 19.08 14.60 14.00
NSEI:GODREJCP Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 19.80
2018-09-30 19.86
2018-06-30 17.75
2018-03-31 15.99
2017-12-31 13.75
2017-09-30 12.98
2017-06-30 12.56
2017-03-31 12.76
2016-12-31 13.02
2016-09-30 13.18
2016-06-30 12.20
2016-03-31 8.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Godrej Consumer Products is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Godrej Consumer Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Godrej Consumer Products has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Godrej Consumer Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Godrej Consumer Products's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Godrej Consumer Products's year on year earnings growth rate has been positive over the past 5 years.
  • Godrej Consumer Products's 1-year earnings growth exceeds its 5-year average (44.1% vs 19.4%)
  • Godrej Consumer Products's earnings growth has exceeded the IN Personal Products industry average in the past year (44.1% vs 4.3%).
Earnings and Revenue History
Godrej Consumer Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Godrej Consumer Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GODREJCP Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 103,862.10 20,234.80 22,533.60
2018-09-30 102,946.10 20,298.30 22,751.60
2018-06-30 101,419.90 18,140.50 22,363.50
2018-03-31 98,432.70 16,341.80 21,621.80
2017-12-31 97,039.70 14,045.80 21,103.20
2017-09-30 94,758.20 13,266.30 20,509.50
2017-06-30 93,282.50 12,834.20 20,221.10
2017-03-31 92,679.10 13,040.80 19,964.80
2016-12-31 95,533.30 13,308.10 24,294.60
2016-09-30 93,437.50 13,467.80 23,827.20
2016-06-30 91,026.40 12,469.60 23,490.70
2016-03-31 84,238.80 8,276.10 18,565.00
2015-12-31 87,907.60 10,749.10 27,700.00
2015-09-30 86,703.30 10,155.30 27,139.60
2015-06-30 84,855.10 9,629.00 26,319.30
2015-03-31 82,763.60 9,071.20 20,298.60
2014-12-31 81,034.40 8,778.40 24,450.80
2014-09-30 78,565.00 8,100.30 24,224.00
2014-06-30 77,663.70 7,704.70 24,398.70
2014-03-31 76,024.10 7,597.30 24,156.30
2013-12-31 73,840.00 8,575.90 23,794.50
2013-09-30 70,989.60 8,340.20 23,105.30
2013-06-30 67,391.10 7,983.50 21,797.20
2013-03-31 64,163.00 7,961.00 19,839.80
2012-12-31 60,135.50 6,546.10 16,691.20
2012-09-30 56,662.80 6,494.80 15,534.50
2012-06-30 52,569.60 6,179.00 14,573.30
2012-03-31 48,661.60 7,267.20 13,832.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Godrej Consumer Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Godrej Consumer Products used its assets less efficiently than the IN Personal Products industry average last year based on Return on Assets.
  • Godrej Consumer Products's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Godrej Consumer Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Godrej Consumer Products has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Godrej Consumer Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Godrej Consumer Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Godrej Consumer Products's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Godrej Consumer Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Godrej Consumer Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Godrej Consumer Products Company Filings, last reported 2 months ago.

NSEI:GODREJCP Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 68,714.70 42,124.40 17,616.80
2018-09-30 68,714.70 42,124.40 17,616.80
2018-06-30 62,583.10 34,937.50 18,216.00
2018-03-31 62,583.10 34,937.50 18,216.00
2017-12-31 53,726.30 29,901.20 11,238.20
2017-09-30 53,726.30 29,901.20 11,238.20
2017-06-30 53,019.50 40,009.30 16,006.60
2017-03-31 53,019.50 40,009.30 15,931.40
2016-12-31 45,349.00 36,218.50 10,989.00
2016-09-30 45,349.00 36,218.50 10,989.00
2016-06-30 51,818.70 28,911.20 8,988.10
2016-03-31 42,769.80 28,911.20 9,118.10
2015-12-31 48,615.40 23,805.70 9,981.00
2015-09-30 48,615.40 23,805.70 9,981.00
2015-06-30 44,727.30 27,171.50 10,456.00
2015-03-31 44,727.30 27,171.50 10,456.00
2014-12-31 42,401.30 19,482.30 7,023.60
2014-09-30 42,401.30 19,482.30 7,023.60
2014-06-30 40,005.00 23,728.40 8,067.90
2014-03-31 40,005.00 23,734.20 8,067.90
2013-12-31 37,473.20 17,803.70 8,377.20
2013-09-30 37,473.20 17,803.70 8,377.20
2013-06-30 35,225.50 24,563.40 8,687.80
2013-03-31 35,225.50 24,563.40 8,687.80
2012-12-31 31,410.70 17,055.20 5,627.30
2012-09-30 31,410.70 17,055.20 5,627.30
2012-06-30 29,034.10 18,769.10 6,398.70
2012-03-31 28,922.00 18,769.10 6,398.70
  • Godrej Consumer Products's level of debt (61.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.7% vs 61.3% today).
  • Debt is well covered by operating cash flow (40.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.9x coverage).
X
Financial health checks
We assess Godrej Consumer Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Godrej Consumer Products has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Godrej Consumer Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.95%
Current annual income from Godrej Consumer Products dividends. Estimated to be 1.2% next year.
If you bought ₹2,000 of Godrej Consumer Products shares you are expected to receive ₹19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Godrej Consumer Products's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Godrej Consumer Products's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GODREJCP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
India Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GODREJCP Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 9.72 22.00
2020-03-31 8.36 23.00
2019-03-31 7.22 23.00
NSEI:GODREJCP Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-08 6.667 0.863
2017-07-06 5.000 0.752
2017-05-23 5.000 0.800
2017-05-09 5.000 0.808
2016-07-04 1.917 0.364
2016-05-03 1.917 0.391
2015-07-09 1.833 0.435
2015-04-28 1.833 0.487
2014-04-28 1.750 0.553
2013-07-08 1.667 0.613
2013-04-30 1.667 0.604
2012-08-06 1.333 0.559
2012-07-10 1.583 0.793
2012-04-30 1.583 0.851
2012-01-23 1.333 0.863
2011-05-02 2.000 1.468
2010-04-26 1.417 1.150
2010-04-15 1.417 1.384
2009-07-27 1.333 1.567
2009-06-30 1.333 2.301
2009-05-04 1.333 2.432
2009-03-23 1.333 3.079

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Godrej Consumer Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Godrej Consumer Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Godrej Consumer Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Godrej Consumer Products has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Godrej Consumer Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vivek Gambhir
COMPENSATION ₹196,900,000
AGE 50
TENURE AS CEO 1.8 years
CEO Bio

Mr. Vivek Gambhir has been the Chief Executive Officer and Managing Director of Godrej Consumer Products Limited since May 09, 2017 and its Executive Director since July 1, 2013 and serves as its BR Head. Mr. Gambhir served as the Chief Strategy Officer of Godrej Industries Ltd., since August 2009 and was responsible for enhancing the strategic capabilities within group companies, guiding overall group strategy, conducting portfolio analysis, leading mergers and acquisitions and driving special projects. He joined the Godrej Group in 2009. He oversees the finance, investor relations, legal and IT functions for Godrej Industries. He is very closely involved with Godrej Consumer Products Limited. He serves as Secretary of the Godrej Family Business Board (FBB). He helped define the CREATE portfolio strategy and the 10X10 vision for Godrej Group. He was the key architect of GCPL’s 3 by 3 strategy. He was instrumental in driving GCPL’s international expansion efforts. He co-led Project Neo that developed the blueprint for integrating the erstwhile Godrej Sara Lee Business with Godrej Consumer Products. He led the process for a recent PE investment in the Company. He was a Partner at Bain & Company. He worked with Bain in Boston, Singapore and New Delhi. He was a Founding Member of Bain’s consulting operations in India and led its FMCG practice in India. He has been a Non-Executive Independent Director of Philips India Limited since March 28, 2014. He serves as a Director of Godrej Consumer Products UK Ltd., Strength of Nature LLC, PT Megasari Makmur, PT Ekamas Sarijaya, PT Sarico Indah, PT Indomas Susemi Jaya, PT Intrasari Raya and Harvard Business School Club of India. He serves as President of the Harvard Business School club in India and is an advisor to the Kailash Satyarthi Children’s Foundation. He served as a Non-Executive Director of Godrej Consumer Products Limited from April 30, 2013 to July 1, 2013. He also writes a weekly blog on leadership called 'Monday-8AM'. Mr. Gambhir has an MBA from the Harvard Business School and a B.S. in Computer Science and BA in Economics from Lafayette College form 1987 to 1997.

CEO Compensation
  • Vivek's compensation has increased by more than 20% in the past year.
  • Vivek's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Godrej Consumer Products management team in years:

3.5
Average Tenure
50
Average Age
  • The tenure for the Godrej Consumer Products management team is about average.
Management Team

Nisa Godrej

TITLE
Executive Chairperson
COMPENSATION
₹65M
AGE
40

Vivek Gambhir

TITLE
MD, CEO
COMPENSATION
₹197M
AGE
50
TENURE
1.8 yrs

Adi Godrej

TITLE
Chairman Emeritus
COMPENSATION
₹76M
AGE
76

V. Srinivasan

TITLE
CFO, Compliance Officer & Company Secretary
COMPENSATION
₹35M
AGE
52
TENURE
3.9 yrs

Rahul Gama

TITLE
Head of Human Resources
AGE
44
TENURE
3.6 yrs

Sunder Mahadevan

TITLE
Head of Global Research & Development
AGE
54
TENURE
3.6 yrs

Rakesh Sinha

TITLE
Head of Global Supply Chain
AGE
59
TENURE
3.5 yrs

Naveen Gupta

TITLE
Business Head of Africa
TENURE
1.6 yrs

Omar Momin

TITLE
Business Head of Darling & M&A
AGE
38

Darshan Gandhi

TITLE
Head of Design
AGE
38
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Godrej Consumer Products board of directors in years:

9.3
Average Tenure
68
Average Age
  • The tenure for the Godrej Consumer Products board of directors is about average.
Board of Directors

Nisa Godrej

TITLE
Executive Chairperson
COMPENSATION
₹65M
AGE
40
TENURE
1.8 yrs

Vivek Gambhir

TITLE
MD, CEO
COMPENSATION
₹197M
AGE
50
TENURE
5.9 yrs

Adi Godrej

TITLE
Chairman Emeritus
COMPENSATION
₹76M
AGE
76
TENURE
1.8 yrs

Nadir Godrej

TITLE
Non Executive Director
COMPENSATION
₹2M
AGE
67
TENURE
18.3 yrs

Bharat Doshi

TITLE
Independent Non Executive Director
COMPENSATION
₹3M
AGE
69
TENURE
17.9 yrs

Omkar Goswami

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
AGE
62
TENURE
10.8 yrs

Narendra Ambwani

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
AGE
70
TENURE
7.8 yrs

Jamshyd Godrej

TITLE
Non Executive Director
COMPENSATION
₹2M
AGE
69
TENURE
18 yrs

Aman Mehta

TITLE
Independent Non Executive Director
COMPENSATION
₹3M
AGE
72
TENURE
12.9 yrs

Tanya Dubash

TITLE
Non-Executive Director
COMPENSATION
₹2M
AGE
50
TENURE
7.8 yrs
Who owns this company?
Recent Insider Trading
  • Godrej Consumer Products insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. Jan 19 Sell Subrata Dey Individual 03. Dec 18 31. Dec 18 -3,240 ₹800.11 ₹-2,592,349
X
Management checks
We assess Godrej Consumer Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Godrej Consumer Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Godrej Consumer Products Limited's (NSE:GODREJCP) ROE Can Tell Us

To keep the lesson grounded in practicality, we'll use ROE to better understand Godrej Consumer Products Limited (NSE:GODREJCP). … Our data shows Godrej Consumer Products has a return on equity of 29% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Directors Own Godrej Consumer Products Limited (NSE:GODREJCP) Shares?

A look at the shareholders of Godrej Consumer Products Limited (NSE:GODREJCP) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Godrej Consumer Products has a market capitalization of ₹750.6b, so it's too big to fly under the radar.

Simply Wall St -

Should You Be Tempted To Sell Godrej Consumer Products Limited (NSE:GODREJCP) Because Of Its PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Godrej Consumer Products Limited (NSE:GODREJCP) is trading with a trailing P/E of 50.5x, which is higher than the industry average of 45.1x. … See our latest analysis for Godrej Consumer Products

Simply Wall St -

Do You Know Godrej Consumer Products Limited’s (NSE:GODREJCP) Cash Situation?

I’ve analysed below, the health and outlook of Godrej Consumer Products’s cash flow, which will help you understand the stock from a cash standpoint. … Godrej Consumer Products’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Godrej Consumer Products’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability.

Simply Wall St -

What Should You Know About Godrej Consumer Products Limited's (NSE:GODREJCP) Return On Capital?

and want a simplistic look at the return on Godrej Consumer Products Limited (NSE:GODREJCP) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Godrej Consumer Products is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Can Godrej Consumer Products Limited (NSE:GODREJCP) Continue To Outperform Its Industry?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Godrej Consumer Products Limited (NSE:GODREJCP) delivered an ROE of 26.11% over the past 12 months, which is relatively in-line with its industry average of 26.03% during the same period. … See our latest analysis for Godrej Consumer Products

Simply Wall St -

What Should We Expect From Godrej Consumer Products Limited's (NSE:GODREJCP) Earnings In The Next Couple Of Years?

In March 2018, Godrej Consumer Products Limited (NSE:GODREJCP) announced its latest earnings update, whicha

Simply Wall St -

Is Godrej Consumer Products Limited's (NSE:GODREJCP) PE Ratio A Signal To Sell For Investors?

GODREJCP is priced at a sensible multiple of 48.38x based on its prior year’s earnings,. … which isn't too different to the 48.38x average multiple of the Personal Products? … But can investors make a closing judgement of the company’s value based on this multiple.

Simply Wall St -

These Factors Make Godrej Consumer Products Limited (NSE:GODREJCP) A Great Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Godrej Consumer Products Limited (NSE:GODREJCP) due to its excellent fundamentals in more than one area.

Simply Wall St -

Godrej Consumer Products Limited (NSE:GODREJCP): Can Growth Justify Its June Share Price?

Growth expectations for Godrej Consumer Products Limited (NSE:GODREJCP) are high, but many investors are starting to ask whether its last close at ₹1168.55 can still be rationalized by the future potential. … What can we expect from Godrej Consumer Products in the future. … Analysts are predicting good growth prospects for Godrej Consumer Products over the next couple of years

Simply Wall St -

Company Info

Description

Godrej Consumer Products Limited manufactures and sells personal and household care products in India, Indonesia, Africa, and internationally. The company offers home care and personal care products, household insecticides, hair colors, liquid detergents, soaps, air fresheners, wet wipes, hair extensions, hair care products, personal wash products, depilatory products, color cosmetics, skin care products, sanitizers, sun care products, and female deodorants, as well as hair care products for women of African origin; and styling services in the mass and professional markets. It provides its products primarily under the Good knight, Godrej Expert, Cinthol, Godrej No. 1, Hit, Darling, B Blunt, protekt, Godrej aer, Frika, issue, Godrej expert, Touch of Silver, Ilicit, Inecto, Renew, Roby, 919, Godrej nupur, Godrej Ezee, Stella, Soft & Gentle, Cuticura, Mitu, Pamela Grant, Villeneuve, and Tura brands. The company was founded in 1897 and is headquartered in Mumbai, India.

Details
Name: Godrej Consumer Products Limited
GODREJCP
Exchange: NSEI
Founded: 1897
₹719,144,956,840
1,022,166,096
Website: http://www.godrejcp.com
Address: Godrej Consumer Products Limited
Godrej One,
4th Floor,
Mumbai,
Maharashtra, 400079,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GODREJCP Equity Shares National Stock Exchange of India IN INR 20. Jun 2001
BSE 532424 Equity Shares Mumbai Stock Exchange IN INR 20. Jun 2001
Number of employees
Current staff
Staff numbers
0
Godrej Consumer Products employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:48
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.