Hindustan Unilever Ltd

Hindustan Unilever Ltd

₹ 2,442 0.04%
24 Jun - 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 5,73,817 Cr.
  • Current Price 2,442
  • High / Low 2,770 / 2,170
  • Stock P/E 55.9
  • Book Value 218
  • Dividend Yield 1.72 %
  • ROCE 27.2 %
  • ROE 20.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 92.2%

Cons

  • Stock is trading at 11.2 times its book value
  • The company has delivered a poor sales growth of 9.50% 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 - Multinational

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
12,433 12,194 13,046 13,439 13,767 14,624 15,144 15,597 15,215 15,496 15,623 15,567 15,210
9,391 9,273 9,820 10,030 10,466 11,222 11,665 11,903 11,643 11,832 11,828 11,902 11,675
Operating Profit 3,042 2,921 3,226 3,409 3,301 3,402 3,479 3,694 3,572 3,664 3,795 3,665 3,535
OPM % 24% 24% 25% 25% 24% 23% 23% 24% 23% 24% 24% 24% 23%
123 39 51 -7 136 121 80 7 240 146 178 184 309
Interest 11 13 28 27 38 28 28 29 29 50 88 91 105
Depreciation 266 260 281 272 278 281 272 293 291 286 297 313 320
Profit before tax 2,888 2,687 2,968 3,103 3,121 3,214 3,259 3,379 3,492 3,474 3,588 3,445 3,419
Tax % 24% 22% 26% 26% 26% 26% 18% 27% 26% 26% 26% 27% 25%
2,190 2,100 2,185 2,300 2,307 2,391 2,670 2,481 2,601 2,556 2,657 2,508 2,561
EPS in Rs 9.30 8.92 9.28 9.78 9.81 10.13 11.34 10.53 11.07 10.87 11.30 10.68 10.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27,004 29,234 31,972 32,186 33,162 35,545 39,310 39,783 47,028 52,446 60,580 61,896
22,784 24,475 26,560 26,276 26,834 28,046 30,430 29,930 35,402 39,589 46,433 47,237
Operating Profit 4,220 4,759 5,412 5,910 6,328 7,499 8,880 9,853 11,626 12,857 14,147 14,659
OPM % 16% 16% 17% 18% 19% 21% 23% 25% 25% 25% 23% 24%
1,123 792 1,247 486 606 353 322 432 170 219 448 817
Interest 26 41 18 17 35 26 33 118 117 106 114 334
Depreciation 251 296 322 353 432 520 565 1,002 1,074 1,091 1,137 1,216
Profit before tax 5,066 5,215 6,320 6,026 6,467 7,306 8,604 9,165 10,605 11,879 13,344 13,926
Tax % 24% 24% 31% 31% 31% 28% 30% 26% 25% 25% 24% 26%
3,839 3,956 4,376 4,151 4,490 5,227 6,060 6,756 7,999 8,892 10,143 10,282
EPS in Rs 17.71 18.24 20.17 19.18 20.68 24.09 27.97 31.17 34.03 37.79 43.07 43.74
Dividend Payout % 104% 71% 74% 83% 82% 83% 78% 80% 119% 90% 91% 96%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 10%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 11%
3 Years: 8%
TTM: 1%
Stock Price CAGR
10 Years: 15%
5 Years: 7%
3 Years: 0%
1 Year: -8%
Return on Equity
10 Years: 32%
5 Years: 24%
3 Years: 20%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 216 216 216 216 216 216 216 216 235 235 235 235
Reserves 2,649 3,321 3,811 6,357 6,528 7,065 7,651 8,013 47,439 48,826 50,069 50,983
25 46 43 177 277 0 99 0 1,009 1,043 1,219 1,484
9,202 10,171 10,359 8,043 8,685 10,581 10,663 11,924 20,057 20,402 21,554 25,787
Total Liabilities 12,092 13,754 14,430 14,793 15,706 17,862 18,629 20,153 68,740 70,506 73,077 78,489
2,431 2,746 2,821 3,258 4,419 4,528 4,715 5,479 51,443 51,473 52,678 53,744
CWIP 222 373 516 408 229 461 406 597 745 1,313 1,132 1,025
Investments 2,252 2,838 3,025 2,592 3,794 2,873 2,716 1,255 2,709 3,521 2,882 4,625
7,186 7,797 8,067 8,535 7,264 10,000 10,792 12,822 13,843 14,199 16,385 19,095
Total Assets 12,092 13,754 14,430 14,793 15,706 17,862 18,629 20,153 68,740 70,506 73,077 78,489

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,605 3,818 3,292 4,171 5,185 6,059 5,800 7,623 9,163 9,048 9,991 15,469
63 -475 138 -282 -1,173 -1,063 -438 1,791 -1,228 -1,728 -1,484 -5,324
-4,147 -2,960 -3,462 -3,864 -4,214 -4,975 -5,390 -6,819 -9,309 -8,015 -8,953 -10,034
Net Cash Flow -480 383 -33 25 -202 21 -28 2,595 -1,374 -695 -446 111

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 13 12 14 12 13 17 11 14 16 19 18
Inventory Days 83 86 77 75 67 65 59 65 66 65 55 55
Days Payable 164 170 148 156 164 185 166 176 163 145 123 143
Cash Conversion Cycle -67 -72 -60 -67 -85 -107 -90 -101 -83 -64 -50 -70
Working Capital Days -49 -54 -52 -24 -32 -37 -29 -31 -29 -20 -13 -19
ROCE % 130% 147% 139% 112% 91% 103% 116% 117% 38% 24% 27% 27%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90% 61.90%
15.11% 15.45% 14.71% 13.66% 13.30% 14.05% 14.32% 14.36% 14.48% 13.90% 13.65% 12.67%
10.75% 10.48% 10.85% 11.61% 12.20% 11.72% 11.50% 11.51% 11.47% 11.90% 12.31% 13.21%
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
12.24% 12.17% 12.53% 12.83% 12.60% 12.32% 12.23% 12.17% 12.09% 12.26% 12.11% 12.19%
No. of Shareholders 7,95,4488,25,66611,37,49713,61,50612,75,55411,39,75411,18,43111,27,98210,96,27011,76,41111,32,96512,05,416

* 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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