Share Price Update: There is tremendous momentum in the Indian stock market these days. The stock market is continuously touching new records and investors are also making money from it.
At the same time, there are many great stocks in the market, brokerage houses are also bullish on them and are advising to buy them.
One such stock is also of Godrej Consumer Products Limited(NSE: GODREJCP).
Investors’ interest in the shares remains intact and continuous buying is also being seen. Meanwhile, it has also been given BUY rating through brokerage house.
Return Given In One Year
The share price of Godrej Consumer has been rising for a long time. In the last 6 months, the stock has given returns of more than 26.97% to its investors.
Along with this, the stock has provided returns of up to 40% to its investors within a year. The closing price of the share on NSE on March 2 was Rs 1271.25.
Whereas its 52-week high price is Rs 1314.30 and its 52-week low price is Rs 894.20.
Buy Rating On The Stock
Now brokerage house has given a BUY rating on the stock and its target has also been suggested.
They says there has been a significant change in the outlook for Godrej Consumer (GCPL) in the last 12-18 months under the leadership of Sudhir Sitapati.
The company’s strategy has been centered on growth under his leadership. This includes inorganic growth and cross-selling.
It also involves entering new product categories and expanding TAM for existing products.
The company has also increased reinvestment, especially in marketing, and taken difficult decisions, such as improving inventory control and closing non-core businesses for RCCL, and Indonesia.
Given This Much Target
According to the brokerage house, in an environment of delayed demand recovery, GCPL is expected to outperform others.
GCPL has expanded its target market by adding Agarbatti liquid detergent and demonstrating its backend capabilities.
Indonesian and GAUM margins are still a good opportunity for growth in the future.
The domestic business is already performing well in terms of volume growth, so a revival in demand could provide a better growth path for GCPL.
Along with this, the brokerage house has advised to buy the share and has given a target of Rs 1500.
About Godrej Consumer Products Limited
Godrej Consumer Products is one of the leading companies in emerging markets.
As part of the more than one hundred and fifty-year-old Godrej Group, they are part of a tradition built on the solid values of trust integrity, honesty, and respect for all others.
The Group can serve 1.15 billion people across the world in various sectors.
In our 3 models of international expansion in Godrej Consumer Products, they are setting up a presence in 3 emerging markets (Asia, Africa, and Latin America) across 3 categories (home care personal grooming, and hair care).
The company is ranked second in soaps in India and is the top air freshener manufacturer in India as well as Indonesia and is a top player of wet tissue in Indonesia.
Fundamental Analysis of Godrej Consumer Products Limited
| Market Cap | ₹ 1,30,207 Cr. |
| Current Price | ₹ 1,271.25 |
| 52-wk High | ₹ 1,314 |
| 52-wk Low | 894 |
| Stock P/E | 69.6 |
| Book Value | ₹ 142 |
| Dividend | 0.39 % |
| ROCE | 16.5 % |
| ROE | 13.5 % |
| Face Value | ₹ 1.00 |
| P/B Value | 8.98 |
| OPM | 20.3 % |
| EPS | ₹ 17.4 |
| Debt | ₹ 3,275 Cr. |
| Debt to Equity | 0.23 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹1300 | ₹1500 |
| 2025 | ₹1524 | ₹1642 |
| 2026 | ₹1678 | ₹1700 |
| 2027 | ₹1784 | ₹1897 |
| 2028 | ₹1958 | ₹2100 |
| 2029 | ₹2145 | ₹2300 |
| 2030 | ₹2345 | ₹2415 |
| Promoters Holding | |
| Dec 2022 | 63.22% |
| Mar 2023 | 63.22% |
| June 2023 | 63.22% |
| Sept 2023 | 63.21% |
| Dec 2023 | 63.21% |
| FII Holding | |
| Dec 2022 | 24.04% |
| Mar 2023 | 23.72% |
| June 2023 | 23.53% |
| Sept 2023 | 23.51% |
| Dec 2023 | 22.94% |
| DII Holding | |
| Dec 2022 | 6.74% |
| Mar 2023 | 7.11% |
| June 2023 | 7.37% |
| Sept 2023 | 7.65% |
| Dec 2023 | 8.38% |
| Public Holding | |
| Dec 2022 | 6.01% |
| Mar 2023 | 5.95% |
| June 2023 | 5.87% |
| Sept 2023 | 5.62% |
| Dec 2023 | 5.44% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 10,314 Cr |
| 2020 | ₹ 9,991 Cr |
| 2021 | ₹ 11,029 Cr |
| 2022 | ₹ 12,276 Cr |
| 2023 | ₹ 13,911 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,342 Cr |
| 2020 | ₹ 1,497 Cr |
| 2021 | ₹ 1,721 Cr |
| 2022 | ₹ 1,783 Cr |
| 2023 | ₹ 1,785 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.4 |
| 2020 | 0.34 |
| 2021 | 0.05 |
| 2022 | 0.14 |
| 2023 | 0.07 |
Last 10 Years’ Profit Growth:
| 10 Years: | 10% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Current Year: | 13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | 16% |
| Last Year: | 13% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 6% |
| 3 Years: | 10% |
| Current Year: | 7% |
Conclusion
This article is a complete guide about Godrej Consumer Products Limited Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
