Dabur India Ltd

Dabur India Ltd

₹ 547 -0.91%
06 Jun 3:58 p.m.
About

Dabur India is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products.(Source : 202003 Annual Report Page No:280)

Key Points

Dabur India Limited is the fourth largest FMCG Company in India and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products.[1]

  • Market Cap 96,966 Cr.
  • Current Price 547
  • High / Low 611 / 482
  • Stock P/E 69.6
  • Book Value 35.5
  • Dividend Yield 0.93 %
  • ROCE 28.6 %
  • ROE 23.0 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
  • Company has been maintaining a healthy dividend payout of 53.2%

Cons

  • Stock is trading at 15.3 times its book value
  • The company has delivered a poor sales growth of 9.20% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,321 1,491 1,901 2,071 1,722 1,983 2,120 2,224 1,852 2,180 2,267 2,298 1,939
1,023 1,163 1,455 1,618 1,389 1,546 1,640 1,738 1,523 1,752 1,794 1,801 1,636
Operating Profit 298 327 446 453 333 437 480 487 329 428 473 497 304
OPM % 23% 22% 23% 22% 19% 22% 23% 22% 18% 20% 21% 22% 16%
47 65 73 68 71 71 97 81 92 84 108 86 85
Interest 3 2 2 2 3 2 3 6 7 7 8 13 19
Depreciation 33 34 36 36 37 39 40 40 41 44 47 48 50
Profit before tax 309 356 481 483 363 468 534 521 374 461 526 522 320
Tax % 17% 19% 18% 17% 17% 25% 26% 24% 22% 24% 25% 24% 27%
Net Profit 257 289 393 400 300 352 395 394 292 350 396 394 233
EPS in Rs 1.45 1.64 2.22 2.26 1.70 1.99 2.24 2.23 1.65 1.98 2.23 2.23 1.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,754 4,342 4,860 5,420 5,340 5,291 5,592 6,273 6,310 7,185 8,180 8,684
3,097 3,619 4,034 4,480 4,242 4,178 4,360 4,906 4,927 5,626 6,445 6,984
Operating Profit 657 723 826 940 1,098 1,112 1,232 1,367 1,383 1,559 1,734 1,701
OPM % 18% 17% 17% 17% 21% 21% 22% 22% 22% 22% 21% 20%
10 94 108 112 194 274 266 275 175 277 341 363
Interest 14 18 19 10 10 16 22 30 19 9 19 46
Depreciation 66 49 54 66 73 75 102 109 130 143 160 188
Profit before tax 587 750 861 977 1,209 1,294 1,373 1,503 1,408 1,683 1,896 1,829
Tax % 21% 21% 22% 22% 22% 23% 22% 16% 17% 18% 24% 25%
Net Profit 463 591 672 763 937 998 1,072 1,264 1,170 1,382 1,433 1,373
EPS in Rs 2.66 3.39 3.85 4.34 5.33 5.67 6.09 7.16 6.62 7.82 8.11 7.75
Dividend Payout % 49% 44% 45% 46% 42% 40% 123% 38% 45% 61% 64% 35%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 11%
TTM: 6%
Compounded Profit Growth
10 Years: 9%
5 Years: 5%
3 Years: 4%
TTM: -3%
Stock Price CAGR
10 Years: 13%
5 Years: 8%
3 Years: 6%
1 Year: 9%
Return on Equity
10 Years: 29%
5 Years: 27%
3 Years: 25%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
174 174 174 176 176 176 176 177 177 177 177 177
Reserves 1,129 1,391 1,728 2,161 2,918 3,482 4,051 3,792 4,398 5,214 5,687 6,110
273 242 44 129 87 284 287 310 151 180 560 615
875 991 1,175 1,223 1,248 1,275 1,299 1,300 1,375 1,933 2,168 2,450
Total Liabilities 2,452 2,798 3,122 3,688 4,430 5,217 5,813 5,579 6,100 7,504 8,592 9,352
585 617 654 683 639 993 1,030 1,037 1,134 1,205 1,399 1,662
CWIP 12 17 17 12 25 28 27 22 106 107 128 109
Investments 553 1,026 1,118 1,778 2,570 3,054 3,433 2,962 2,467 3,574 5,007 5,475
1,302 1,139 1,333 1,215 1,196 1,141 1,322 1,558 2,393 2,618 2,057 2,106
Total Assets 2,452 2,798 3,122 3,688 4,430 5,217 5,813 5,579 6,100 7,504 8,592 9,352

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
520 703 712 839 960 927 816 1,124 1,155 1,704 1,320 1,562
-219 -346 -98 -613 -494 -679 -261 418 -330 -1,120 -682 -619
-233 -328 -535 -337 -455 -274 -496 -1,619 -826 -555 -635 -940
Net Cash Flow 69 29 79 -111 11 -26 59 -78 -2 29 3 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 21 24 23 29 23 21 25 22 14 20 24
Inventory Days 131 107 109 94 106 103 117 106 120 141 132 92
Days Payable 129 123 137 130 160 157 159 145 153 187 169 137
Cash Conversion Cycle 23 6 -4 -13 -25 -31 -21 -13 -11 -32 -16 -21
Working Capital Days 13 0 -5 -4 -1 -7 1 -8 0 -17 -10 -5
ROCE % 44% 44% 46% 45% 42% 37% 33% 35% 34% 33% 32% 29%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67.87 67.87 67.87 67.38 67.36 67.36 67.37 67.38 67.24 67.23 66.23 66.23
17.63 18.08 18.52 19.77 20.59 21.35 21.11 20.43 20.23 20.24 20.47 19.73
7.42 6.90 5.93 5.34 4.66 3.41 3.59 3.83 4.04 6.57 7.48 8.31
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.07 0.07
7.08 7.15 7.67 7.51 7.38 7.87 7.93 8.36 8.50 5.89 5.74 5.65

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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