The company has an equity base of Rs 10.40 crore. It has a hefty book value of Rs 344.30 per share, on face value of Rs 10. Since 1991, the company has issued bonus three times. On all the three occasions, the bonus issue was a liberal 1:1. The last bonus was in 1993.

A thinly traded scrip, Godfrey Phillips witnessed high volatility in the past two months due to alternate bouts of buying and selling. The scrip moved between Rs 1031 to Rs 1145 since late September 2006. The average daily volume in the scrip on BSE in the past one year was 1546 shares.

The company is the second largest player in the domestic cigarette industry, with brands such as Red & White, Four Square, Tipper, Prince, Jaisalmer and Cavenders. The company has strong presence in the northern and western markets.

Godfrey Phillips in recent years has also ramped up activity in the relatively untapped cigar segment. The company is among the larger players in this industry. Although this product line contributes only marginally, it provides an additional stream of revenue to the company.

The company also has a presence in the tea packaging industry. Godfrey Phillips has a small basket of brands, which it markets in certain pockets of the country.

Cigarettes contributed 93% of its revenue in FY 2006

Philip Morris held 35.89 per cent as on September 30, 2006, down from 35.93 per cent on March 31, 2006. Modi group held around 36.2%.