Dabur India Ltd

Dabur India Ltd

₹ 509 0.50%
26 Apr - close price
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 90,143 Cr.
  • Current Price 509
  • High / Low 597 / 489
  • Stock P/E 60.9
  • Book Value 37.5
  • Dividend Yield 1.02 %
  • ROCE 28.3 %
  • ROE 22.8 %
  • 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 64.0%

Cons

  • Stock is trading at 13.6 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,071 1,722 1,983 2,120 2,224 1,852 2,180 2,267 2,298 1,939 2,347 2,334 2,414
1,618 1,389 1,546 1,640 1,738 1,523 1,752 1,794 1,801 1,636 1,885 1,826 1,883
Operating Profit 453 333 437 480 487 329 428 473 497 304 462 509 532
OPM % 22% 19% 22% 23% 22% 18% 20% 21% 22% 16% 20% 22% 22%
68 71 71 97 81 92 84 108 86 85 99 102 102
Interest 2 3 2 3 6 7 7 8 13 19 15 18 24
Depreciation 36 37 39 40 40 41 44 47 48 50 51 51 52
Profit before tax 483 363 468 534 521 374 461 526 522 320 495 542 557
Tax % 17% 17% 25% 26% 24% 22% 24% 25% 24% 27% 24% 22% 23%
400 300 352 395 394 292 350 396 394 233 378 420 428
EPS in Rs 2.26 1.70 1.99 2.24 2.23 1.65 1.98 2.23 2.23 1.32 2.13 2.37 2.42
Raw PDF
Upcoming result date: 2 May 2024

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 TTM
3,754 4,342 4,860 5,420 5,340 5,291 5,592 6,273 6,310 7,185 8,180 8,684 9,036
3,097 3,619 4,034 4,480 4,242 4,178 4,360 4,906 4,927 5,626 6,445 6,984 7,229
Operating Profit 657 723 826 940 1,098 1,112 1,232 1,367 1,383 1,559 1,734 1,701 1,806
OPM % 18% 17% 17% 17% 21% 21% 22% 22% 22% 22% 21% 20% 20%
10 94 108 112 194 274 266 275 175 277 341 363 389
Interest 14 18 19 10 10 16 22 30 19 9 19 46 76
Depreciation 66 49 54 66 73 75 102 109 130 143 160 188 205
Profit before tax 587 750 861 977 1,209 1,294 1,373 1,503 1,408 1,683 1,896 1,829 1,914
Tax % 21% 21% 22% 22% 22% 23% 22% 16% 17% 18% 24% 25%
463 591 672 763 937 998 1,072 1,264 1,170 1,382 1,433 1,373 1,459
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 8.24
Dividend Payout % 49% 44% 45% 46% 42% 40% 123% 38% 45% 61% 64% 67%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 11%
TTM: 5%
Compounded Profit Growth
10 Years: 9%
5 Years: 5%
3 Years: 4%
TTM: 3%
Stock Price CAGR
10 Years: 11%
5 Years: 5%
3 Years: -2%
1 Year: -4%
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 Sep 2023
Equity Capital 174 174 174 176 176 176 176 177 177 177 177 177 177
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 6,475
273 242 44 129 87 284 287 310 151 180 560 615 1,014
875 991 1,175 1,223 1,248 1,275 1,299 1,300 1,375 1,933 2,168 2,450 2,575
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 10,241
585 617 654 683 639 993 1,030 1,037 1,134 1,205 1,399 1,662 1,648
CWIP 12 17 17 12 25 28 27 22 106 107 128 109 192
Investments 553 1,026 1,118 1,778 2,570 3,054 3,433 2,962 2,467 3,574 5,007 5,475 6,062
1,302 1,139 1,333 1,215 1,196 1,141 1,322 1,558 2,393 2,618 2,057 2,106 2,339
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 10,241

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 -617
-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 5

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 94 106 103 117 106 120 141 132 118
Days Payable 129 123 137 130 160 157 159 145 153 187 169 176
Cash Conversion Cycle 23 6 -4 -13 -25 -31 -21 -13 -11 -32 -16 -34
Working Capital Days 13 0 -5 -4 -1 -7 1 -8 0 -17 -10 -16
ROCE % 44% 44% 46% 45% 42% 37% 33% 35% 34% 33% 32% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.36% 67.36% 67.37% 67.38% 67.24% 67.23% 66.23% 66.23% 66.23% 66.24% 66.25% 66.26%
20.59% 21.35% 21.11% 20.43% 20.23% 20.24% 20.47% 19.73% 19.39% 18.37% 16.49% 15.82%
4.66% 3.41% 3.59% 3.83% 4.04% 6.57% 7.48% 8.31% 8.75% 9.78% 11.66% 12.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
7.38% 7.87% 7.93% 8.36% 8.50% 5.89% 5.74% 5.65% 5.57% 5.53% 5.54% 5.40%
No. of Shareholders 3,18,8523,59,5294,33,4434,82,1334,83,5604,57,4904,43,6184,48,9754,44,8324,33,5014,39,1234,34,823

* 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.

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