Thursday, October 24, 2013

Godfrey Phillips India Ltd



Had done a  note on Godfrey Phillips earlier
Some developments have taken place since then:
1)      Rabale , Navi Mumbai plant is  now completely operational. The plant is built on a 44,000 sq metres ( approx 11 acre ) plot with a 21,500 sq metre factory buildingThe plant has been built on a high technology platform with maximum automation. The Technology tripod  incorporates three major new technologies. These correspond to the three main areas of production: the primary manufacturing which prepares the cured tobacco leaf for production, the secondary manufacturing which involves cigarette making and packing, and the warehouse and despatch area. The plant won’t require more than 100 workers.
2)      236 unionized staff and workmen attached to its plant at Andheri, Mumbai, opted for the VRS  announced by the company. The financial outlay on this account amounted to Rs. 35 crores approx and has been accounted for in the June 2013 P&L. Further, the production facilities at its plant at Andheri, Mumbai have been largely re-located to the new plant at Rabale.
3)      Registered office has been shifted from Andheri to Lalbaug, Mumbai
4)      The company has been accounting for exchange loss on its Forex loan on a consistent basis and we may see some more of that in the current quarter too.
5)      June quarter saw a good scale up in revenue though profitability was affected due to VRS & forex loss provision
Management pedigree is mediocre at best . Notwithstanding the same, going ahead the benefits from geographical expansion  and right sizing should be substantial.  EV is about 2800 cr @ cmp of Rs.2700.

At the time of writing this report, the author /his family have an investment interest in the stock mentioned above. Under no circumstance does the information in this report represent a recommendation to buy or sell the above-mentioned stock.  This report has been prepared and issued on the basis of publicly available information, internally developed data & other sources believed to be reliable. This is just a suggestion solely for information purposes and does not constitute a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Readers using the information contained herein are solely responsible for their actions and are advised to satisfy themselves before making any investments. 

16 comments:

  1. Another excellent pick!...great going...:)

    Appreciate your diligent efforts in cherry-picking such amazing scripts...

    ReplyDelete
  2. recently vst industries came out with very good result ......sir anything new to add on godfrey and can you comment about its Twenty Four Seven Convenience Stores

    ReplyDelete
  3. The non - tobacco bizs are v small currently and not profitable. Recently both , Godfrey & ITC increased prices by about Rs.10 / pack of 10 in the premium categories.

    I feel the key watch-out point is the tobacco biz.performance.

    ReplyDelete
    Replies
    1. Can you share your email id, or mail me at mayanksharma20@gmail.com

      Delete
  4. • IndusInd Bank to raise Rs 1,000 cr via Basel III bonds.
    • Tata Power Renewable Energy commissions 100 MW wind farm.
    • Power Grid signs agreement with Asian Development Bank for $2.
    CapitalStars

    ReplyDelete
  5. excellent post Dabbl is leading Shower Company provides top class products such Shower, Enclosures, Sliding Glass Doors, Shower Glass, Screen Hinge, Pivot, Frameless, Custom, Corner, Quadrant, Walk in Shower Enclosures and many more so call us now at 0086-757-88629686 email me at export2@dabbl.de Shower Enclosures, Glass Shower Doors

    ReplyDelete
  6. I am a private loan lender which have all take to be a genuine lender i give out the best loan to my client at a very convenient rate.The interest rate of this loan is 3%.i give out loan to public and private individuals.the maximum amount i give out in this loan is $1,000,000.00 USD why the minimum amount i give out is 5000.for more information contact us email financeloan85@gmail.com

    Your Full Details:
    Full Name :………
    Country :………….
    state:………….
    Sex :………….
    Address............
    Tel :………….
    Occupation :……..
    Amount Required :…………
    Purpose of the Loan :……..
    Loan Duration :…………
    Phone Number :………
    Contact email: financeloan85@gmail.com

    ReplyDelete
  7. Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer Xmas loan, business loan, personal loan, home loan, auto loan,student loan, debt consolidation loan e.t.c. no matter your score, If yes contact us via Email:financeloan85@gmail.com Fill The Loan Application Form Below Name............ Amount Needed........ Duration.......... Country............ Monthly income....... Age............. Phone Number........ Sex ................. Email................Business Plan/Use Of Your Loan:....... Apply now on this email :financeloan85@gmail.com Warm Regards Dr

    ReplyDelete
  8. We are well registered Loan Lending company, will assist
    you with your financial needs. We've been helping clients
    for the past 7 years and with our knowledge and experience
    we can guarantee a positive outcome terms and conditions apply.
    We will get your loan approved without sending your documents around
    to various finance providers like other companies as this is only
    affecting your credit rating negatively. So for the most efficient
    service give us a call or email us.For more information please
    contact us today via email financeloan85@gmail.com

    ReplyDelete
  9. Alumina prices dip for four straight weeks with continued pressure Capitalstars

    ReplyDelete
  10. Permit me to introduce you to LE-MERIDIAN FUNDING SERVICES. We are directly into pure loan and project(s) financing in terms of investment. We provide financing solutions to private/companies seeking access to funds in the capital markets i.e. oil and gas, real estate, renewable energy, Pharmaceuticals, Health Care, transportation, construction, hotels and etc. We can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as our 1.9% ROI can be guaranteed on the projects.
    Le-Meridian Funding Service.
    (60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com

    ReplyDelete
  11. Do not use all of these Private Money Lender here.They are located in Nigeria, Ghana Turkey, France and Israel.My name is Mrs.Ramirez Cecilia, I am from Philippines. Have you been looking for a loan?Do you need an urgent personal or business loan?contact Fast Legitimate Loan Approval he help me with a loan of $78.000 some days ago after been scammed of $19,000 from a woman claiming to be a loan lender from Nigeria but i thank God today that i got my loan worth $78.000.Feel free to contact the company for a genuine financial call/whats-App Contact Number +918929509036 Email:(fastloanoffer34@gmail.com)

    ReplyDelete