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Inside: Godrej Consumer
About The Company
Godrej Consumer Products (GCPL) is one of India's fastest growing consumer products company.
What The Company Does
The company focuses mainly on three divisions: Hair Care, Home care and Personal Wash.
Personal Wash
Cinthol, Godrej Protekt, Godrej No. 1 Soap, Shikakai, Godrej Shaving Cream
Home Care
Good Knight, HIT, Jet, Ezee, Godrej Dish Wash, Genteel
Hair Care
Hair care business is spread across the hair colour, hair dye, mehendi & hair oil products
Achievements / Milestones
Award for TPM (Total Productivity Management) Excellence by JPM (Japan Institute of Plant Maintenance)
Platinum Award in Chemical category (highest-level Indian Manufacturing Excellence Award 2007) given by Frost and Sullivan
Awarded Platinum Prize in the Hair Dye category by 'Readers Digest' in the Trusted Brand-Asia 2007 awards
Ranked 6th in the 'Best Companies to Work for India' survey conducted by Business Today and Mercer TNS and ranked 9th in the Great Places to Work' survey
Received the 'Best Managed Workforce' award by Hewitt Associates: CNBC-TV18 (2004)
Year Of Incorporation
1897
Godrej Group
Board of Directors
Adi Godrej
Chairman
A Mahendran
Managing Director
Nadir Godrej
Director
D Shivakumar
Director
Tanya Arvind Dubash
Director
Nisaba Adi Godrej
Director
Narendra Ambwani
Director
Bala Balachandran
Director
Bharat Doshi
Director
Omkar Goswami
Director
Aman Mehta
Director
Jamshyd Godrej
Director
Interview: Inside Companies: Godrej Consumer still hungry for buyouts
Nachiket Kelkar
Moneycontrol.com
Godrej Consumer Products, which makes hair colours and dyes, apart from Goodnight mosquito repellants and Cinthol soaps among other popular FMCG products, has acquired eight companies overseas in the last six years, with five of those in the last 17 months alone. But the company's quest for more buys continues.
GCPL reported a consolidated net profit of Rs 172.6 crore for 2008-09 fiscal on revenue of Rs 1,392.9 crore. Last fiscal (2010-11) its consolidated net profit was Rs 514.71 crore on revenue of Rs 3,676.32 crore. The company's net profit and revenue have risen almost three-fold as it embarked on an acquisition spree.
Some of its recent acquisitions include beauty and personal care brand Tura in Nigeria in March 2010, Indonesia’s household insecticides company Megasari in April 2010, Argentinean hair care companies Issue and Argencos in May and June the same year and pan-African hair care company Darling Group in June 2011.
GCPL had formed an M&A team in 2008, with an agenda to map the global arena, especially the emerging markets, for potential acquisitions. And that quest will continue going ahead, what with the company’s ambitious plans to double its turnover every 3-4 years.
"Our plan for the next ten years is to grow at a 25% plus CAGR (compounded annual growth rate). Out of that, while 15% will be organic growth, 10% will have to be inorganic growth. read more
Compare Godrej Consumer With Peers
| Godrej Consumer | 2975.07 | 604.39 | 2760.79 |
| Colgate | 2688.01 | 446.47 | 428.53 |
| Dabur India | 3759.33 | 463.24 | 1567.59 |
| Emami | 1389.81 | 256.81 | 804.24 |
| Marico | 2977.92 | 336.59 | 1673.35 |
| P and G | 1297.41 | 181.29 | 675.94 |
Expert Views & Broker Reports
In The News
30.04.2013
Videos
Key Stats
Market Cap
(Rs Cr.):
(Rs Cr.):
28085.48
EPS-TTM(Rs):
15.01
P/E Ratio(x):
54.98
Face Value (Rs):
1.00
Latest Div(%):
475.00%
Div.Yield(%)
0.58
Book Value/sh.(Rs):
89.17
P/C:
51.71
Key Financials
Mar '13
Dec '12
Sales Turnover
941.13
939.10
Total Income
949.93
960.80
Total Expenses
755.92
772.85
Operating Profit
185.21
166.25
Gross Profit
194.01
187.95
Net Profit
150.26
142.08
Dividend (%)
--
--
Earnings Per Share
4.42
4.18
Ratios
| Mar '12 | Mar '11 |
Investment Valuation Ratios
| Face Value | 1.00 | 1.00 |
| Dividend Per Share | 4.75 | 4.50 |
| Operating Profit Per Share (Rs) | 16.87 | 14.10 |
| Net Operating Profit Per Share (Rs) | 87.43 | 73.99 |
| Free Reserves Per Share (Rs) | 72.86 | 46.12 |
| Bonus in Equity Capital | -- | -- |
Profitability Ratios
| Operating Profit Margin(%) | 18.59 | 19.05 |
| Profit Before Interest And Tax Margin(%) | 17.36 | 17.55 |
| Gross Profit Margin(%) | 17.73 | 18.13 |
| Cash Profit Margin(%) | 14.76 | 17.17 |
| Adjusted Cash Margin(%) | 15.14 | 17.17 |
| Net Profit Margin(%) | 19.93 | 17.58 |
| Adjusted Net Profit Margin(%) | 19.86 | 17.58 |
| Return On Capital Employed(%) | 21.42 | 28.43 |
| Return On Net Worth(%) | 23.94 | 28.36 |
| Adjusted Return on Net Worth(%) | 17.17 | 26.27 |
| Return on Assets Excluding Revaluations | 74.17 | 47.40 |
| Return on Assets Including Revaluations | 74.17 | 47.40 |
| Return on Long Term Funds(%) | 21.92 | 28.59 |
Liquidity And Solvency Ratios
| Current Ratio | 1.37 | 1.32 |
| Quick Ratio | 0.84 | 0.81 |
| Debt Equity Ratio | 0.09 | 0.18 |
| Long Term Debt Equity Ratio | 0.09 | 0.17 |
Debt Coverage Ratios
| Interest Cover | 44.17 | 82.78 |
| Total Debt to Owners Fund | 0.09 | 0.18 |
| Financial Charges Coverage Ratio | 37.19 | 61.06 |
| Financial Charges Coverage Ratio Post Tax | 38.16 | 53.09 |
Management Efficiency Ratios
| Inventory Turnover Ratio | 7.16 | 8.20 |
| Debtors Turnover Ratio | 30.17 | 35.10 |
| Investments Turnover Ratio | 7.26 | 8.20 |
| Fixed Assets Turnover Ratio | 7.49 | 6.09 |
| Total Assets Turnover Ratio | 1.66 | 3.24 |
| Asset Turnover Ratio | 1.30 | 1.81 |
| Average Raw Material Holding | 58.69 | 45.82 |
| Average Finished Goods Held | 41.81 | 34.98 |
| Number of Days In Working Capital | 37.39 | 30.45 |
Profit & Loss Account Ratios
| Material Cost Composition | 52.81 | 50.79 |
| Imported Composition of Raw Materials Consumed | 23.45 | 16.17 |
| Selling Distribution Cost Composition | 17.83 | 17.20 |
| Expenses as Composition of Total Sales | 12.50 | 6.74 |
Cash Flow Indicator Ratios
| Dividend Payout Ratio Net Profit | 30.11 | 45.19 |
| Dividend Payout Ratio Cash Profit | 28.88 | 43.02 |
| Earning Retention Ratio | 58.00 | 51.22 |
| Cash Earning Retention Ratio | 60.36 | 53.74 |
| AdjustedCash Flow Times | 0.52 | 0.64 |
Balance Sheet
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Sources Of Funds
| Total Share Capital | 34.03 | 32.36 |
| Equity Share Capital | 34.03 | 32.36 |
| Share Application Money | 0.00 | 0.00 |
| Preference Share Capital | 0.00 | 0.00 |
| Reserves | 2,489.89 | 1,501.32 |
| Revaluation Reserves | 0.00 | 0.00 |
| Networth | 2,523.92 | 1,533.68 |
| Secured Loans | 2.27 | 10.06 |
| Unsecured Loans | 235.24 | 262.43 |
| Total Debt | 237.51 | 272.49 |
| Total Liabilities | 2,761.43 | 1,806.17 |
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Application Of Funds
| Gross Block | 1,482.32 | 1,461.06 |
| Less: Accum. Depreciation | 300.91 | 231.35 |
| Net Block | 1,181.41 | 1,229.71 |
| Capital Work in Progress | 77.60 | 11.88 |
| Investments | 1,193.46 | 362.06 |
| Inventories | 433.04 | 306.36 |
| Sundry Debtors | 94.27 | 103.28 |
| Cash and Bank Balance | 97.31 | 27.04 |
| Total Current Assets | 624.62 | 436.68 |
| Loans and Advances | 236.01 | 263.89 |
| Fixed Deposits | 272.32 | 53.59 |
| Total CA, Loans & Advances | 1,132.95 | 754.16 |
| Deffered Credit | 0.00 | 0.00 |
| Current Liabilities | 798.21 | 533.35 |
| Provisions | 25.78 | 18.28 |
| Total CL & Provisions | 823.99 | 551.63 |
| Net Current Assets | 308.96 | 202.53 |
| Miscellaneous Expenses | 0.00 | 0.00 |
| Total Assets | 2,761.43 | 1,806.18 |
| Contingent Liabilities | 2,396.82 | 64.76 |
| Book Value (Rs) | 74.17 | 47.40 |
Cash Flows
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
| Net Profit Before Tax | 578.11 | 504.64 |
| Net Cash From Operating Activities | 687.64 | 256.59 |
| Net Cash (used in)/from Investing Activities |
-1006.39 | -1086.49 |
| Net Cash (used in)/from Financing Activities | 438.91 | 567.28 |
| Net (decrease)/increase In Cash and Cash Equivalents | 120.16 | -262.62 |
| Opening Cash & Cash Equivalents | 71.81 | 343.25 |
| Closing Cash & Cash Equivalents | 191.97 | 80.63 |
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