Godrej Consumer Products Limited (GODREJCP.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-18.5%

₹672.65

vs ₹825.55 price

Levered DCF

₹1,115.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

6.37

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	54.14×	63.15×	-224.15×	58.15×	42.85×	43.35×	35.58×	29.55×
P/B	7.96×	9.74×	9.97×	7.18×	6.61×	7.9×	6.74×	9.52×
P/S	6.64×	8.14×	8.91×	7.44×	6.22×	6.76×	5.37×	6.71×
EV / EBITDA	32.67×	39.73×	41.45×	39.3×	31.03×	31.08×	26.25×	33.65×
Gross margin	41.4%	53.7%	54.4%	48.9%	49.7%	54.6%	56.1%	55.1%
Operating margin	19.0%	33.2%	33.2%	31.0%	32.0%	34.6%	35.2%	33.4%
Net margin	12.3%	12.9%	-4.0%	12.8%	14.5%	15.6%	15.1%	22.7%
Current ratio	0.91×	1.06×	0.99×	1.76×	1.43×	1.08×	1.06×	1.2×
Debt / equity	0.35×	0.33×	0.26×	0.08×	0.15×	0.2×	0.46×	0.47×
Interest coverage	8.71×	14.29×	16.45×	30.66×	37.89×	27.72×	15.27×	14.47×
Dividend yield	2.0%	2.2%	0.4%	0.0%	0.0%	0.0%	1.9%	1.8%
Payout ratio	109.9%	138.1%	-91.2%	0.0%	0.0%	0.0%	65.9%	52.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.7%	15.4%	-4.4%	12.3%	15.4%	18.2%	18.9%	32.2%
Return on invested capital	11.6%	19.8%	-82.1%	21.8%	24.2%	27.5%	24.9%	30.8%
Return on assets	8.7%	9.4%	-3.0%	9.7%	11.1%	12.0%	10.0%	16.5%
Free cash flow yield	1.8%	1.7%	1.4%	1.9%	1.5%	2.5%	2.7%	2.2%
Earnings yield	1.8%	1.6%	-0.4%	1.7%	2.3%	2.3%	2.8%	3.4%
Enterprise value	₹1T	₹1.2T	₹1.3T	₹997.8B	₹773.7B	₹759.4B	₹563.1B	₹717.2B
Net debt / EBITDA	1.07×	1.17×	0.91×	0.3×	0.38×	0.55×	1.43×	1.18×
Cash conversion cycle (days)	19	8	17	20	32	14	-22	-31