Hindustan Unilever Ltd

₹ 2,645 0.66%
05 Aug - close price
About

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]

Key Points

Beauty & Personal Care Segment (42% of revenues)[1]
In this segment, the company has a wide-spread portfolio of more than 900 SKUs spread across one or more of categories which are made for 14 consumer clusters identified in India.[2] The company earns ~29% margins from this segment which is the most among its divisions.[1]

Brands under segment :-
Skin Cleansing - Dove, Lifebuoy, LUX, Pears, Liril, Hamam, Lever Ayush
Oral Care - Pepsodent, Closeup, Lever Ayush
Hair Care - Tresemme, Dove, Indulekha, Lever Ayush
Skin Care - Glow & Lovely, Pond's, Vaseline, Lakme, Lever Ayush.
Color Cosmetics - Lakme[3][4]

  • Market Cap 621,561 Cr.
  • Current Price 2,645
  • High / Low 2,859 / 1,902
  • Stock P/E 67.7
  • Book Value 209
  • Dividend Yield 1.29 %
  • ROCE 24.4 %
  • ROE 18.4 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
  • Company has been maintaining a healthy dividend payout of 96.4%

Cons

  • Stock is trading at 12.7 times its book value
  • The company has delivered a poor sales growth of 9.60% over past five years.
  • Promoter holding has decreased over last 3 years: -5.28%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
10,364 10,105 10,103 9,211 10,731 11,683 12,181 12,433 12,194 13,046 13,439 13,767 14,624
7,640 7,597 7,574 7,119 8,036 8,758 9,218 9,391 9,273 9,820 10,030 10,466 11,222
Operating Profit 2,724 2,508 2,529 2,092 2,695 2,925 2,963 3,042 2,921 3,226 3,409 3,301 3,402
OPM % 26% 25% 25% 23% 25% 25% 24% 24% 24% 25% 25% 24% 23%
152 70 5 205 35 10 3 123 39 51 -7 136 121
Interest 27 34 27 30 31 31 44 11 13 28 27 38 28
Depreciation 229 254 248 271 257 265 286 266 260 281 272 278 281
Profit before tax 2,620 2,290 2,259 1,996 2,442 2,639 2,636 2,888 2,687 2,968 3,103 3,121 3,214
Tax % 31% 21% 28% 24% 22% 25% 26% 24% 22% 26% 26% 26% 26%
Net Profit 1,792 1,814 1,627 1,515 1,898 1,974 1,937 2,186 2,097 2,181 2,297 2,304 2,381
EPS in Rs 8.28 8.38 7.52 7.00 8.08 8.40 8.24 9.30 8.92 9.28 9.78 9.81 10.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
20,023 23,436 27,004 29,234 31,972 32,186 33,162 35,545 39,310 39,783 47,028 52,446 54,876
17,305 19,936 22,784 24,475 26,560 26,276 26,834 28,046 30,430 29,930 35,403 39,589 41,538
Operating Profit 2,717 3,500 4,220 4,759 5,412 5,910 6,328 7,499 8,880 9,853 11,625 12,857 13,338
OPM % 14% 15% 16% 16% 17% 18% 19% 21% 23% 25% 25% 25% 24%
470 357 1,123 792 1,247 486 606 353 322 432 171 219 301
Interest 1 2 26 41 18 17 35 26 33 118 117 106 121
Depreciation 229 234 251 296 322 353 432 520 565 1,002 1,074 1,091 1,112
Profit before tax 2,957 3,622 5,066 5,215 6,320 6,026 6,467 7,306 8,604 9,165 10,605 11,879 12,406
Tax % 22% 23% 24% 24% 31% 31% 31% 28% 30% 26% 25% 25%
Net Profit 2,296 2,791 3,829 3,946 4,363 4,151 4,476 5,214 6,054 6,748 7,995 8,879 9,163
EPS in Rs 10.63 12.91 17.71 18.24 20.17 19.18 20.68 24.09 27.97 31.17 34.03 37.79 39.00
Dividend Payout % 61% 58% 104% 71% 74% 83% 82% 83% 78% 80% 119% 90%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 10%
TTM: 13%
Compounded Profit Growth
10 Years: 13%
5 Years: 16%
3 Years: 13%
TTM: 11%
Stock Price CAGR
10 Years: 18%
5 Years: 17%
3 Years: 13%
1 Year: 12%
Return on Equity
10 Years: 45%
5 Years: 36%
3 Years: 28%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
216 216 216 216 216 216 216 216 216 216 235 235
Reserves 2,519 3,465 2,649 3,321 3,811 6,357 6,528 7,065 7,651 8,013 47,439 48,826
-0 -0 25 46 43 177 277 -0 99 -0 1,009 1,043
7,613 7,726 9,202 10,171 10,359 8,043 8,685 10,581 10,663 11,924 20,057 20,402
Total Liabilities 10,348 11,407 12,092 13,754 14,430 14,793 15,706 17,862 18,629 20,153 68,740 70,506
2,223 2,263 2,431 2,746 2,821 3,258 4,419 4,528 4,715 5,479 51,443 51,473
CWIP 289 228 222 373 516 408 229 461 406 597 745 1,313
Investments 1,188 2,322 2,252 2,838 3,025 2,592 3,794 2,873 2,716 1,255 2,709 3,521
6,647 6,595 7,186 7,797 8,067 8,535 7,264 10,000 10,792 12,822 13,843 14,199
Total Assets 10,348 11,407 12,092 13,754 14,430 14,793 15,706 17,862 18,629 20,153 68,740 70,506

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,924 2,932 3,605 3,818 3,292 4,171 5,185 6,059 5,800 7,623 9,163 9,048
-327 -514 63 -475 138 -282 -1,173 -1,063 -438 1,791 -1,228 -1,728
-2,283 -1,726 -4,147 -2,960 -3,462 -3,864 -4,214 -4,975 -5,390 -6,819 -9,309 -8,015
Net Cash Flow -687 692 -480 383 -33 25 -202 21 -28 2,595 -1,374 -695

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 18 13 13 13 12 14 12 13 17 11 14 16
Inventory Days 124 94 83 86 77 75 67 65 59 65 66 65
Days Payable 170 140 132 144 136 147 158 181 165 174 161 143
Cash Conversion Cycle -29 -34 -35 -46 -48 -58 -78 -103 -89 -98 -81 -62
Working Capital Days -45 -42 -49 -54 -52 -24 -32 -37 -29 -31 -29 -20
ROCE % 99% 106% 131% 148% 140% 112% 91% 103% 116% 117% 39% 24%

Shareholding Pattern

Numbers in percentages

10 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
67.18 67.18 67.18 61.90 61.90 61.90 61.90 61.90 61.90 61.90 61.90 61.90
12.40 12.32 12.10 14.81 14.54 14.92 14.95 15.11 15.45 14.71 13.66 13.30
6.67 6.68 6.67 8.34 10.82 10.72 10.68 10.75 10.48 10.85 11.61 12.20
13.74 13.82 14.05 14.95 12.74 12.46 12.47 12.24 12.17 12.53 12.83 12.60

Documents

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