with a market valuation of 93,126.25 Crore, Godrej Consumer Products Limited is a Large-cap company dealing in FMCG industry. As a subsidiary of the nearly 125 year old Godrej Group, the company has a strong portfolio of personal care and home care products. Since the company has announced two bonus shares since its IPO, Godrej Consumer Products Ltd shares are among the blue chip multibagger stocks that have turned millionaire investors into millionaires.
Godrej Consumer Products Share Price and Bonus Share History
Shares of Godrej Consumer Products Limited closed on NSE on Friday 907.80 each, up 0.022% from the previous close 907.60. On Friday, the stock recorded a total volume of 667,448 shares compared to the 20-day average volume of 1,254,918 shares. share price skyrocketed 4.10 up to the current market price as of June 22, 2001 which logged a multibagger return and an all-time high of 22,041.46%.
If an investor had thought of investing Rs. 1 lakh in this company then he got a stake of 24,390 shares of the company. After that, the company was giving good returns to the investors and then on 22nd June 2017, the company announced a bonus issue in the ratio of 1:1 for the first time, taking the total number of shares to 48,780 which is double the previous share. calculated amount. Shortly after 12 September 2018, the company once again issued a bonus in the ratio of 1:2, which changed the share count and made it 73,170 shares which is three times the initial shareholding which is a That’s a very exciting looking figure for the company’s long-term investors.
The stock had touched a 52-week high 1,072.20 at (14-Oct-2021) and 52-week low of 660.05 (08-March-2022), indicating that the stock is trading up 15.33% from the high and 37.53% from the low at the current price level. For the quarter ended June 2022, the company recorded promoter shareholding of 63.22%, FII holding of 24.03% (down 0.13% QoQ), DII holding of 6.05% (up 0.12% QoQ), and public holding of 6.70% (up ) from 6.69% QoQ).
Stock price and value history
As mentioned earlier, Rs. With an investment of 1 lakh, you would have got 24,390 shares. After the first bonus issue, the number of shares increased to 48,870 and not only did the initial shares change their value, but also increased the value of your investment, such as just Rs. 1 Lakh Now you are getting double the amount of shares and at that time the shares will be worth more than Rs. 3.24 crores which is many times more than the initial investment that made him a millionaire. If an investor stays with the company with a long-term outlook, then after the second bonus issue, the number of shares will again increase to 73,170 and the stock price at the current market price will exceed Rs. After just two bonus issues, 6.64 crores are making investor’s portfolio and wallet green.
Should you buy Godrej Consumer Products shares?
In a note, Research Analysts, broking company Sharekhan said, “We have addressed Mr. Dharnesh Gordon (Business Head – Godrej Africa, Middle East & USA) in an investor conference call organized by Godrej Consumer Products Limited (GCPL). [GUAM]) On-ground execution through relevant route-to-market strategy, increased distribution, new product launches based on consumer insights and preferences were Mr. Gordon’s key focus areas when he was inducted to lead the Africa business went. GUAM (Africa) business revenue grew 22% in FY2022 and EBIDTA margin remained almost flat. Mr. Gordon continues to focus on expanding portfolio and investments in communications for consumers to drive consistent double-digit growth in the coming years. The sweat of assets, operational efficiencies and strong procurement strategy will help Africa’s OPM business continuously improve.”
He further claimed that “along with changes in top management, new strategies focus on growth levers such as higher penetration, cross-pollination, ease of doing business in key markets, and double-digit revenue growth in the medium term.” Increased distribution to drive. The company aims to continuously improve OPM through premiumization and operational efficiencies in key geographies such as India, Africa and Indonesia. The stock is currently at a discount of 44.7x/38.2x its FY2023/FY2024E earnings valuation. We maintain our buy recommendation on the stock with a Revised Price Target (PT) of Rs 1,000.”
Analysts said continued slowdown in demand in key markets or inflation in raw material prices will act as a major risk to our earnings projections in the medium to long term.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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