EN DE

Godfrey Phillips India Limited (GODFRYPHLP) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹339B (≈ $3.6B) · ISIN INE260B01028

What is Godfrey Phillips India Limited really worth?

GP Godfrey Phillips India Limited GODFRYPHLP · NSE
Price₹2,051
Fair Value₹1,194
Upside−41.8%
Quality63/100

A solid business, but trading 72% above our fair value of ₹1,194.

Watch Godfrey Phillips India Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 23.9% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)
Wide moat 85/100

Risks

!Mixed Growth (revenue 5y +20.4 %/yr)

For context

·1.80% dividend yield
Evidence: High Range ₹665.28 – ₹1,981

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −11.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹1,981). The favourable scenario is already priced in.
  • The model range is unusually wide (₹665.28 to ₹1,981). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

₹3,672 ₹267.73 Fair Value ₹1,194 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹267.73 – ₹3,672 · fair‑value band ₹665.28 – ₹1,981 · the ₹2,051 price screens above the ₹1,194 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Godfrey Phillips India Limited (GODFRYPHLP) currently trades at ₹2,051, while our model-based Fair Value estimate is ₹1,194, implying the stock looks roughly 71.8% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,882 per share, and 4 of the 26 models we run sit above the ₹2,051 price. Bear case: the Asset-Based group reads lowest at ₹266.85, and 22 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Godfrey Phillips India Limited generated revenue of ₹63.9B at a net margin of 23.9%. Revenue grew 13.6% year over year. It earns a return on equity of 26.6%. Net debt stands at ₹2.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹665.28 (bear case) to ₹1,981 (bull case); at ₹2,051, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 1% fair-value upside, at −42%, GODFRYPHLP screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹26.33 per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence ₹413.51 ₹774.10 ₹1,436 77
Growth DCF ₹411.17 ₹746.14 ₹1,354 75
EPV ₹674.60 ₹793.29 ₹898.80 74
All 26 models by family
DCF Models
FCF DCF best evidence ₹413.51 ₹774.10 ₹1,436 77
Owner Earnings ₹1,177 ₹2,207 ₹4,098 73
5Y Revenue Exit ₹424.69 ₹767.69 ₹1,238 71
5Y EBITDA Exit ₹765.77 ₹1,475 ₹2,381 73
5Y P/E Exit ₹1,120 ₹2,210 ₹3,481 69
10Y Revenue Exit ₹402.96 ₹734.11 ₹1,251 64
10Y EBITDA Exit ₹650.38 ₹1,266 ₹2,236 65
10Y P/E Exit ₹891.39 ₹1,819 ₹3,183 61
Earnings-Based
Graham-Dodd ₹665.28 ₹3,147 ₹4,328 64
Lynch FV ₹835.52 ₹1,194 ₹1,552 61
PEG = 1.0 ₹835.52 ₹1,194 ₹1,552 57
EPV ₹674.60 ₹793.29 ₹898.80 74
Dividend Discount
Gordon GGM ₹354.74 ₹774.47 ₹1,303 65
DDM Multi-Stage ₹354.74 ₹634.41 ₹807.12 66
Multiples
P/E Multiple ₹1,541 ₹2,055 ₹2,568 63
P/S Multiple ₹491.68 ₹655.58 ₹819.47 58
P/B Multiple ₹1,247 ₹1,663 ₹2,079 55
EV/EBIT ₹1,198 ₹1,597 ₹1,996 66
EV/EBITDA ₹992.50 ₹1,323 ₹1,653 67
EV/Revenue ₹432.21 ₹616.59 ₹800.97 53
Asset-Based
NCAV (Graham) ₹199.14 ₹266.85 ₹398.28 54
Growth DCF
Growth DCF ₹411.17 ₹746.14 ₹1,354 75
Rev-Margin DCF ₹424.69 ₹756.89 ₹1,189 71
Economic Profit
Residual Income ₹671.60 ₹884.93 ₹4,613 64
ROIC Compounder ₹773.91 ₹1,079 ₹1,498 71
Growth Earnings
Growth-Adj P/E ₹1,317 ₹1,882 ₹2,446 67

Widest divergence: Growth Earnings (₹1,882) versus Asset-Based (₹266.85). Highest evidence: FCF DCF (77).

Notify me when GODFRYPHLP reaches fair value

Put GODFRYPHLP on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 21.0
P/S ratio 5.01 P/E × margin
EPS (TTM) ₹97.83 price ÷ EPS = P/E 21.0
Dividend yield 1.8% payout 37.8%
Net margin 23.9% FY2026
Return on equity 26.6% TTM
More key figures
Profitability
Return on assets (EBIT) 23.3% avg 5y
Operating margin 29.1% TTM
Growth
Revenue (TTM) ₹63.9B TTM
Revenue growth (YoY) +13.6% 3y avg +21.5%
EPS growth (YoY) +86.1%
Balance sheet & cash flow
Free cash flow ₹4.7B FY2026
Net debt ₹2.0B FY2026 · ≈ 0.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 31

Profitability 77
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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 offers 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, Sahara; leaf and cut tobacco products under the Philip Morris, ITG, JTI, Eastern Company, European Tobacco, Libyan Tobacco Company, and RNTA brands. It also provides confectionary products, such as candies and chewing gums under the Funda and Naturalz Imli brands. In addition, the company engages in the acquisition of securities and real estate development. It exports its products. Godfrey Phillips India Limited was incorporated in 1936 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Godfrey Phillips India Limited reported revenue of ₹63.9B in FY2026 versus ₹26.9B in FY2022, a compound +24.2%/yr. Reported net income was ₹15.3B in FY2026, compounding +36.6%/yr from FY2022.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹63.9B
Latest YoY
+13.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.4%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.3% (5.5 + 1.8)
Revenue +24.2%/yr
FY22 ₹26.9B
FY23 ₹35.6B
FY24 ₹40.2B
FY25 ₹56.1B
FY26 ₹63.9B
Net income +36.6%/yr
FY22 ₹4.4B
FY23 ₹6.9B
FY24 ₹8.8B
FY25 ₹10.7B
FY26 ₹15.3B
Character of growth · EPS growth decomposed (2015-2026) +24.3 % p.a.
Revenue per share +9.1 %

of which total revenue +9.1 % · buybacks/dilution +0.0 %

EBIT margin −1.2 %
Tax rate +1.5 %
Residual (interest, one-offs) +13.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

GODFRYPHLP screens 72% overvalued. Compare with Philip Morris International Inc →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Godfrey Phillips India Limited Fair Value". https://www.fairvalue-calculator.com/stock/GODFRYPHLP

Peer Group

Tobacco · 36 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Above median
Fair Value upside −42% · Bottom 25%
Return on equity (TTM) 27% · Above median
Return on assets 12% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 29% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.8% · Below median

Valuation Multiples vs Tobacco median · lower = cheaper

P/E (TTM) 21.0× · Pricier than median
P/B 5.45× · Pricier than 75% of peers
P/S (TTM) 5.30× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 21.4× · Pricier than 75% of peers
PEG 0.27× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 38
FUTURE68 · sector 25
PAST100 · sector 51
HEALTH100 · sector 97
DIVIDEND36 · sector 78

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Tobacco

Similar stocks

10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Philip Morris International Inc PM $190.48 $103.71 −46%
British American Tobacco p.l.c. BTI $56.13 $61.07 +9%
Altria Group MO $68.65 $81.81 +19%
ITC Limited 500875 ₹279.50 ₹212.74 −24%
KT&G Corporation 033780 175,500 KRW 110,656 KRW −37%
PT Hanjaya Mandala Sampoerna Tbk, HMSP 745.00 IDR 1,041 IDR +40%
Smoore International Holdings 6969 HK$9.24 HK$4.19 −55%
PT Gudang Garam Tbk, GGRM 20,675 IDR 16,988 IDR −18%
TABAK TABAK 19,100 CZK 23,215 CZK +22%
China Tobacco International (HK) Company 6055 HK$23.86 HK$24.09 +1%

Compare Godfrey Phillips India Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Godfrey Phillips India Limited (GODFRYPHLP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,194 versus a price of ₹2,051, about −42% upside (overvalued).
What is the fair value of GODFRYPHLP?
Our model-based fair value for Godfrey Phillips India Limited is ₹1,194 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹2,051.
What is the quality score of GODFRYPHLP?
Godfrey Phillips India Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Godfrey Phillips India Limited (GODFRYPHLP)?
Godfrey Phillips India Limited reported trailing-twelve-month revenue of about ₹63.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GODFRYPHLP?
The net profit margin of Godfrey Phillips India Limited is about 23.9%, meaning it keeps roughly 23.9% of revenue as net income. Based on the latest reported figures.
Does Godfrey Phillips India Limited pay a dividend?
Godfrey Phillips India Limited currently shows a dividend yield of about 1.80% relative to its recent price (as of Aug 13, 2026).
Free · no account needed

Watch Godfrey Phillips India Limited in the live analysis

One click puts Godfrey Phillips India Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.