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GODREJCP - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.9

Stock Code GODREJCP Market Cap 1,18,727 Cr. Current Price 1,161 ₹ High / Low 1,309 ₹
Stock P/E 85.1 Book Value 78.8 ₹ Dividend Yield 1.72 % ROCE 19.3 %
ROE 14.9 % Face Value 1.00 ₹ DMA 50 1,193 ₹ DMA 200 1,192 ₹
Chg in FII Hold -2.82 % Chg in DII Hold 2.91 % PAT Qtr 431 Cr. PAT Prev Qtr 356 Cr.
RSI 36.8 MACD -7.75 Volume 8,28,518 Avg Vol 1Wk 21,67,901
Low price 980 ₹ High price 1,309 ₹ PEG Ratio -39.4 Debt to equity 0.33
52w Index 55.1 % Qtr Profit Var 26.1 % EPS 13.1 ₹ Industry PE 46.8

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT rose from 356 Cr. to 431 Cr., showing strong sequential growth with 26.1% YoY variation.
  • Margins: ROE at 14.9% and ROCE at 19.3% reflect moderate profitability compared to FMCG peers.
  • Debt Ratios: Debt-to-equity at 0.33 indicates manageable leverage but higher than some competitors.
  • Cash Flows: Stable operating cash flows supported by FMCG demand across categories.
  • Return Metrics: EPS at 13.1 ₹ is modest relative to current valuation.

💹 Valuation Indicators

  • P/E Ratio: 85.1, significantly above industry PE of 46.8, suggesting overvaluation.
  • P/B Ratio: ~14.7 (Current Price / Book Value), reflecting expensive valuation relative to assets.
  • PEG Ratio: -39.4, distorted due to weak growth-adjusted valuation, signaling caution.
  • Intrinsic Value: Current price (1,161 ₹) appears overvalued; better entry opportunities may arise closer to 1,000 ₹.

🏢 Business Model & Competitive Advantage

  • Operates in FMCG with strong presence in personal care, household products, and emerging markets.
  • Competitive advantage lies in brand strength, distribution reach, and diversified product portfolio.
  • Resilient business model with steady demand, though profitability is pressured by high valuations.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,000 ₹ – 1,080 ₹ (near 52-week low).
  • Long-Term Holding: Suitable for long-term investors seeking FMCG exposure, but entry should be at lower levels for better risk-reward.

Positive

  • Strong quarterly PAT growth.
  • Healthy dividend yield of 1.72%.
  • Strong brand presence and diversified FMCG portfolio.
  • Rising DII inflows (+2.91%) show domestic confidence.

Limitation

  • High P/E and P/B ratios indicate expensive valuation.
  • PEG ratio signals poor growth-adjusted valuation.
  • Debt-to-equity ratio at 0.33 is higher than some FMCG peers.

Company Negative News

  • Reduction in FII holdings (-2.82%) shows cautious foreign investor sentiment.
  • Weak technical indicators (RSI 36.8, MACD -7.75) reflect bearish momentum.

Company Positive News

  • Quarterly PAT growth of 26.1% highlights operational improvement.
  • Strong domestic institutional inflows (+2.91%) support stock stability.

Industry

  • FMCG sector remains defensive with steady demand and premium valuations.
  • Industry PE at 46.8 reflects investor optimism and sector resilience.

Conclusion

  • Godrej Consumer Products is a fundamentally strong FMCG player with robust brand equity and steady demand.
  • Valuation is stretched, limiting near-term upside.
  • Best suited for long-term investors seeking FMCG exposure, with entry near lower support levels for better returns.

I can also contrast Godrej Consumer Products with peers like Hindustan Unilever or Dabur to highlight its relative valuation and profitability positioning.

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