Dabur India Ltd

Dabur India Ltd

₹ 509 0.50%
26 Apr 4:02 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 90,143 Cr.
  • Current Price 509
  • High / Low 597 / 489
  • Stock P/E 51.1
  • Book Value 53.5
  • Dividend Yield 1.02 %
  • ROCE 22.7 %
  • ROE 19.5 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 52.1%

Cons

  • Stock is trading at 9.51 times its book value
  • The company has delivered a poor sales growth of 8.35% 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,729 2,337 2,612 2,818 2,942 2,518 2,822 2,986 3,043 2,678 3,130 3,204 3,255
2,155 1,895 2,060 2,197 2,314 2,065 2,279 2,386 2,434 2,268 2,526 2,543 2,588
Operating Profit 574 442 552 620 627 452 543 600 609 410 605 661 667
OPM % 21% 19% 21% 22% 21% 18% 19% 20% 20% 15% 19% 21% 20%
81 85 85 112 97 14 101 123 101 121 110 117 127
Interest 7 9 8 8 11 12 12 15 19 32 24 28 36
Depreciation 57 67 61 63 63 65 68 70 71 102 97 98 97
Profit before tax 591 452 568 661 650 390 564 638 620 396 593 651 661
Tax % 16% 16% 23% 24% 22% 24% 22% 23% 23% 26% 23% 22% 23%
494 377 438 505 504 294 441 491 477 293 457 507 506
EPS in Rs 2.78 2.14 2.47 2.85 2.85 1.66 2.49 2.77 2.69 1.70 2.62 2.91 2.90
Raw PDF
Upcoming result date: 2 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
5,294 6,140 7,058 7,795 7,780 7,614 7,722 8,515 8,685 9,562 10,889 11,530 12,267
4,401 5,148 5,897 6,475 6,261 6,102 6,104 6,775 6,892 7,560 8,637 9,367 9,925
Operating Profit 893 992 1,162 1,320 1,518 1,512 1,617 1,740 1,792 2,002 2,252 2,162 2,342
OPM % 17% 16% 16% 17% 20% 20% 21% 20% 21% 21% 21% 19% 19%
55 100 126 154 217 296 291 222 205 325 308 445 475
Interest 54 59 54 40 48 54 53 60 50 31 39 78 121
Depreciation 103 85 97 115 133 143 162 177 220 240 253 311 394
Profit before tax 790 948 1,136 1,319 1,554 1,611 1,693 1,725 1,728 2,056 2,269 2,219 2,302
Tax % 19% 19% 19% 19% 19% 21% 20% 16% 16% 18% 23% 23%
644 766 916 1,068 1,254 1,280 1,358 1,446 1,448 1,695 1,742 1,701 1,763
EPS in Rs 3.70 4.38 5.24 6.07 7.11 7.25 7.69 8.17 8.18 9.58 9.84 9.64 10.13
Dividend Payout % 38% 34% 33% 33% 32% 31% 81% 34% 37% 50% 53% 54%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 10%
TTM: 8%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: 4%
TTM: 0%
Stock Price CAGR
10 Years: 11%
5 Years: 5%
3 Years: -2%
1 Year: -4%
Return on Equity
10 Years: 26%
5 Years: 23%
3 Years: 22%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,543 1,921 2,482 3,178 3,995 4,671 5,530 5,455 6,429 7,487 8,205 8,796 9,310
1,068 1,151 708 734 805 975 938 699 522 509 1,030 1,174 1,489
1,415 1,462 1,948 2,019 1,956 1,910 2,058 2,106 2,209 2,661 2,872 3,505 3,791
Total Liabilities 4,200 4,709 5,312 6,106 6,932 7,732 8,702 8,437 9,337 10,833 12,284 13,652 14,767
1,641 1,582 1,767 1,877 1,667 1,958 2,028 1,969 2,253 2,243 2,308 3,579 3,558
CWIP 27 93 22 50 45 42 42 64 147 147 168 175 259
Investments 483 929 1,076 1,813 2,691 3,240 3,805 3,359 2,800 4,160 6,220 6,265 6,922
2,050 2,105 2,447 2,365 2,529 2,492 2,827 3,045 4,137 4,283 3,589 3,633 4,029
Total Assets 4,200 4,709 5,312 6,106 6,932 7,732 8,702 8,437 9,337 10,833 12,284 13,652 14,767

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
597 870 1,098 1,047 1,187 1,227 1,092 1,499 1,614 2,115 1,802 1,488
-260 -622 -104 -876 -730 -807 -541 338 -517 -1,404 -1,273 -583
-198 -234 -804 -417 -374 -339 -577 -1,888 -1,043 -613 -490 -1,035
Net Cash Flow 138 13 190 -245 82 81 -27 -51 54 97 38 -130

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 32 29 35 33 38 31 33 36 34 21 22 27
Inventory Days 154 144 150 136 150 153 169 154 164 178 169 158
Days Payable 89 122 169 153 182 181 190 172 176 197 178 171
Cash Conversion Cycle 97 51 16 16 6 3 13 17 22 3 12 14
Working Capital Days 22 12 2 7 21 14 21 16 22 5 7 10
ROCE % 32% 33% 35% 36% 35% 31% 28% 28% 28% 27% 27% 23%

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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Documents

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