Cigarettes & Tobacco Products Stocks in India

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

Revenue Scale & Growth Durability

ITC Ltd has the highest Revenue among the 3 Cigarettes & Tobacco Products companies compared here, at ₹78,869 crore. Godfrey Phillips India Ltd is next at ₹6,391 crore. Godfrey Phillips India Ltd has the highest Revenue growth at 13.9%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ITC Ltd is the scale leader at ₹78,869 crore, 12.3× the revenue of Godfrey Phillips India Ltd. Godfrey Phillips India Ltd's growth is 13.9% from a ₹6,391 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: ITC Ltd is the scale benchmark; Godfrey Phillips India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: ITC Ltd's growth falls below Godfrey Phillips India Ltd's for two consecutive comparable reports while operating margin also compresses.

Operating Economics & Margin Trend

VST Industries Ltd has the highest OPM among the 3 Cigarettes & Tobacco Products companies compared here, at 46%. ITC Ltd is next at 39%. The same company also holds the highest Margin change, at +26 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: VST Industries Ltd leads both opm at 46% and margin change at +26 percentage points.

Investor read: VST Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Profit Scale & Acceleration

ITC Ltd has the highest Net profit among the 3 Cigarettes & Tobacco Products companies compared here, at ₹21,018 crore. Godfrey Phillips India Ltd is next at ₹1,525 crore. Godfrey Phillips India Ltd has the highest Profit growth at 42.1%, so level and change sit with different companies. Its Net profit series carries 20 reported observations across the 20-quarter window.

What the numbers say: ITC Ltd leads with ₹21,018 crore of TTM profit, 13.8× the profit of Godfrey Phillips India Ltd. Godfrey Phillips India Ltd shows 42.1% growth from a ₹1,525 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: ITC Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Capacity Spending & Returns On It

No company in this Cigarettes & Tobacco Products comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

Debt Load & Balance-Sheet Headroom

VST Industries Ltd has the lowest Gross debt among the 3 Cigarettes & Tobacco Products companies compared here, at ₹0 crore. Godfrey Phillips India Ltd is next at ₹234 crore. ITC Ltd has the lowest Net debt at ₹22,112 crore net cash, so level and change sit with different companies.

What the numbers say: ITC Ltd has the clearest covered balance-sheet capacity with ₹22,112 crore net cash and gross debt of ₹2,399 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Return On Capital Employed

ITC Ltd has the highest ROCE among the 3 Cigarettes & Tobacco Products companies compared here, at 38.9%. Godfrey Phillips India Ltd is next at 32.8%. VST Industries Ltd has the highest ROCE change at +6.3 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ITC Ltd leads ROCE at 38.9%, 6.1 percentage points above Godfrey Phillips India Ltd. VST Industries Ltd has the strongest latest improvement at +6.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: ITC Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Valuation Against Growth & Quality

VST Industries Ltd has the lowest Guarded PEG among the 3 Cigarettes & Tobacco Products companies compared here, at 1.09×. Godfrey Phillips India Ltd is next at 1.15×. The same company also holds the lowest P/E, at 13.4×. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: VST Industries Ltd has the lowest comparable Guarded PEG at 1.09×, 5.2% below Godfrey Phillips India Ltd. Only 3 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Enterprise Value & Book Value

VST Industries Ltd has the lowest EV/EBITDA among the 3 Cigarettes & Tobacco Products companies compared here, at 10×. ITC Ltd is next at 12.3×. The same company also holds the lowest P/BV, at 2.7×. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 20 reported observations across the 20-quarter window.

What the numbers say: VST Industries Ltd leads both ev/ebitda at 10× and p/bv at 2.7×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Market action

VST Industries Ltd has the strongest one-year price move in Cigarettes & Tobacco Products at -20.4%. It also leads on Mansfield relative strength against NIFTY at -8.6%. 0 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

What can make this comparison misleading?

This Cigarettes & Tobacco Products comparison names 5 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Which companies are included?

All 3 companies in the canonical Cigarettes & Tobacco Products membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

How was this comparison built?

This comparison is built from the reported filings of 3 Cigarettes & Tobacco Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Cigarettes & Tobacco Products company comparison FAQs

These 17 answers restate the Cigarettes & Tobacco Products comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.