Gillette India Ltd

Gillette India Ltd

₹ 9,811 0.56%
03 Dec - close price
About

Gillette India Limited is a public company incorporated under the provisions of the Companies Act 1956. The company is engaged in manufacturing and selling of packaged fast moving goods under its various brands in the grooming and oral care segment.

Gillette sells razors and blades, shaving gel, shaving cream and after shave through various modes like drug stores, department stores, grocery stores, mass merchandisers, membership club stores. [1]

Key Points

Portfolio of well known Brands[1]
Gillette, Venus, Braun, Oral B

  • Market Cap 32,018 Cr.
  • Current Price 9,811
  • High / Low 10,699 / 5,950
  • Stock P/E 70.8
  • Book Value 298
  • Dividend Yield 0.46 %
  • ROCE 58.9 %
  • ROE 42.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%
  • Company has been maintaining a healthy dividend payout of 86.2%

Cons

  • Stock is trading at 32.9 times its book value
  • The company has delivered a poor sales growth of 7.18% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
573 563 567 553 620 619 619 619 668 639 681 645 782
448 449 435 441 484 493 485 476 530 484 520 470 591
Operating Profit 125 114 132 112 136 126 134 144 138 156 160 176 190
OPM % 22% 20% 23% 20% 22% 20% 22% 23% 21% 24% 24% 27% 24%
3 2 1 2 3 3 12 5 9 7 6 5 7
Interest 0 2 5 2 0 3 1 3 1 3 3 4 1
Depreciation 16 16 18 19 18 19 22 22 20 21 21 21 19
Profit before tax 112 97 110 92 120 106 123 124 125 139 143 155 177
Tax % 27% 27% 37% 27% 28% 30% 16% 26% 26% 25% 31% 25% 25%
82 70 69 68 87 74 103 92 93 104 99 116 133
EPS in Rs 25.14 21.64 21.27 20.74 26.63 22.85 31.52 28.16 28.45 31.90 30.41 35.59 40.82
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 TTM
1,424 1,662 1,875 1,755 1,733 1,677 1,862 1,679 1,982 2,256 2,477 2,633 2,747
1,290 1,589 1,684 1,448 1,348 1,290 1,478 1,319 1,522 1,773 1,937 1,999 2,065
Operating Profit 134 73 191 306 385 387 384 360 460 483 540 634 682
OPM % 9% 4% 10% 17% 22% 23% 21% 21% 23% 21% 22% 24% 25%
36 38 68 50 34 8 11 11 32 7 22 20 25
Interest 0 0 5 6 7 7 8 5 5 11 8 9 11
Depreciation 31 33 39 30 38 42 48 51 58 68 81 83 82
Profit before tax 138 78 215 320 374 345 339 314 429 411 473 562 614
Tax % 37% 34% 26% 33% 32% 34% 25% 27% 28% 30% 25% 27%
87 51 158 214 253 229 253 230 310 289 356 412 452
EPS in Rs 26.75 15.78 48.53 65.73 77.67 70.29 77.62 70.64 95.25 88.79 109.15 126.35 138.72
Dividend Payout % 56% 95% 31% 60% 211% 33% 57% 69% 125% 78% 78% 103%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 10%
TTM: 9%
Compounded Profit Growth
10 Years: 23%
5 Years: 10%
3 Years: 10%
TTM: 25%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 22%
1 Year: 54%
Return on Equity
10 Years: 34%
5 Years: 36%
3 Years: 39%
Last Year: 42%

Balance Sheet

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024
Equity Capital 33 33 33 33 33 33 33 33 33 33 33 33
Reserves 617 611 710 904 468 662 746 879 756 829 956 939
0 0 0 0 0 0 0 0 0 0 0 0
390 411 468 488 498 515 432 441 606 758 927 859
Total Liabilities 1,039 1,054 1,210 1,424 998 1,209 1,210 1,352 1,395 1,619 1,916 1,831
170 173 156 178 214 264 300 296 310 363 389 347
CWIP 30 61 63 88 63 40 25 21 72 65 32 26
Investments 0 0 0 0 0 0 0 0 0 0 0 0
839 821 991 1,158 721 904 886 1,034 1,013 1,191 1,494 1,458
Total Assets 1,039 1,054 1,210 1,424 998 1,209 1,210 1,352 1,395 1,619 1,916 1,831

Cash Flows

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024
29 96 172 279 248 237 134 225 443 462 463 509
78 -36 -103 155 14 -77 -65 -29 -79 -112 -67 -49
-57 -57 -58 -79 -684 -39 -165 -105 -430 -225 -231 -440
Net Cash Flow 51 3 12 356 -422 121 -95 91 -66 125 164 20

Ratios

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024
Debtor Days 24 20 23 23 27 38 36 41 36 43 47 38
Inventory Days 131 104 87 104 103 105 104 136 152 130 127 131
Days Payable 122 116 116 137 150 173 126 138 169 193 209 212
Cash Conversion Cycle 33 9 -6 -10 -19 -30 15 40 19 -20 -35 -43
Working Capital Days 48 27 49 -10 -17 -18 15 35 14 -0 -4 -7
ROCE % 22% 12% 35% 39% 54% 60% 48% 38% 51% 51% 52% 59%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.11% 2.17% 2.18% 2.34% 2.50% 1.52% 0.66% 0.61% 0.64% 0.71% 1.84% 3.27%
10.49% 10.34% 10.43% 10.37% 10.16% 10.78% 11.29% 11.08% 11.22% 12.82% 12.08% 10.79%
12.41% 12.50% 12.39% 12.31% 12.35% 12.71% 13.06% 13.32% 13.15% 11.48% 11.08% 10.96%
No. of Shareholders 49,86951,03149,76247,76247,61548,18950,90650,83649,67551,11847,72150,730

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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