Procter & Gamble Hygiene and Health Care Ltd

Procter & Gamble Hygiene and Health Care Ltd

₹ 16,825 -0.44%
14 Jun - close price
About

Procter & Gamble Hygiene and Health Care Limited is engaged in the manufacturing and selling of branded packaged fast moving consumer goods in the femcare and healthcare businesses. Its portfolio includes WHISPER – India’s leading Feminine Hygiene brand, and VICKS – India’s No. 1 Health Care brand and Old Spice.

Key Points

Hygiene business
Procter & Gamble's brand Whisper in the Hygiene business continues to hold leadership position in the market. The company launched Whisper Choice Aloe vera longer length in "Comfort & Soft segment". Further it also upgraded the flagship Ultra & Choice portfolio. [1]

  • Market Cap 54,616 Cr.
  • Current Price 16,825
  • High / Low 19,250 / 13,764
  • Stock P/E 73.3
  • Book Value 324
  • Dividend Yield 0.62 %
  • ROCE 101 %
  • ROE 80.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 76.2%
  • Company has been maintaining a healthy dividend payout of 112%

Cons

  • Stock is trading at 51.9 times its book value
  • The company has delivered a poor sales growth of 9.80% 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

Figures in Rs. Crores

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
760 787 1,058 1,093 973 776 1,045 1,137 883 853 1,138 1,133 1,002
631 712 757 797 808 709 831 847 734 638 853 824 745
Operating Profit 129 75 301 296 165 67 214 290 149 215 285 310 257
OPM % 17% 10% 28% 27% 17% 9% 20% 26% 17% 25% 25% 27% 26%
15 6 6 7 6 6 7 9 14 10 16 16 14
Interest 3 1 1 3 7 1 1 4 4 3 2 3 22
Depreciation 11 13 13 13 13 14 14 14 15 15 14 14 15
Profit before tax 129 67 294 288 151 58 206 282 146 207 284 309 234
Tax % 24% 27% 26% 26% 32% 26% 25% 26% -13% 27% 26% 26% 34%
98 49 218 212 103 43 154 207 165 151 211 229 154
EPS in Rs 30.29 15.09 67.25 65.33 31.68 13.11 47.57 63.91 50.84 46.59 64.91 70.52 47.56
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 TTM
1,297 1,677 2,051 2,334 2,275 2,320 2,455 2,947 3,002 3,574 3,901 3,918 4,126
1,097 1,420 1,628 1,838 1,667 1,646 1,834 2,329 2,396 2,688 3,069 3,048 3,060
Operating Profit 201 256 423 495 608 675 622 618 606 886 832 869 1,067
OPM % 15% 15% 21% 21% 27% 29% 25% 21% 20% 25% 21% 22% 26%
51 61 78 64 85 67 18 45 42 38 23 40 55
Interest 0 0 5 6 6 10 5 5 6 6 11 11 30
Depreciation 28 31 35 53 52 60 52 50 48 48 53 58 59
Profit before tax 223 286 460 501 636 672 582 607 594 870 790 839 1,034
Tax % 19% 29% 34% 31% 34% 36% 36% 31% 27% 25% 27% 19%
181 203 302 346 422 433 375 419 433 652 576 678 745
EPS in Rs 55.85 62.60 93.04 106.63 130.16 133.31 115.40 129.12 133.42 200.79 177.37 208.91 229.58
Dividend Payout % 40% 40% 30% 28% 28% 292% 35% 68% 79% 157% 90% 89%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 9%
TTM: 7%
Compounded Profit Growth
10 Years: 13%
5 Years: 12%
3 Years: 16%
TTM: 31%
Stock Price CAGR
10 Years: 15%
5 Years: 9%
3 Years: 8%
1 Year: 21%
Return on Equity
10 Years: 49%
5 Years: 63%
3 Years: 76%
Last Year: 81%

Balance Sheet

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Dec 2023
Equity Capital 32 32 32 32 32 32 32 32 32 32 32 32 32
Reserves 665 773 970 1,196 1,619 494 773 877 1,125 682 705 914 1,020
0 0 0 0 0 0 0 0 0 3 5 4 4
402 444 505 719 515 634 620 708 671 915 940 1,187 1,170
Total Liabilities 1,099 1,249 1,508 1,948 2,166 1,160 1,425 1,617 1,828 1,633 1,683 2,137 2,227
198 215 240 309 317 286 250 234 206 184 164 170 160
CWIP 29 41 98 39 35 41 21 15 22 38 44 23 20
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
871 993 1,170 1,600 1,814 834 1,154 1,368 1,600 1,411 1,475 1,945 2,047
Total Assets 1,099 1,249 1,508 1,948 2,166 1,160 1,425 1,617 1,828 1,633 1,683 2,137 2,227

Cash Flows

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
180 104 335 426 352 445 415 413 474 863 573 826
-47 -31 -135 28 221 149 -19 34 75 7 -27 -10
-85 -85 -95 -105 -122 -1,559 -106 -314 -190 -1,106 -569 -477
Net Cash Flow 48 -12 105 349 452 -964 290 134 358 -236 -23 339

Ratios

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
Debtor Days 14 18 15 18 24 21 22 22 20 15 18 20
Inventory Days 64 62 53 47 53 71 48 60 68 78 55 48
Days Payable 178 106 103 148 134 145 156 162 175 237 183 213
Cash Conversion Cycle -100 -27 -35 -83 -57 -53 -87 -79 -87 -144 -110 -145
Working Capital Days 53 51 43 4 8 -15 -23 -12 -21 -38 -34 -53
ROCE % 34% 39% 52% 46% 45% 64% 89% 73% 58% 94% 110% 101%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64% 70.64%
2.53% 2.57% 2.63% 2.25% 2.03% 1.68% 1.12% 1.05% 1.13% 1.30% 1.48% 1.57%
13.57% 13.48% 13.48% 13.89% 14.19% 14.56% 15.28% 15.44% 15.49% 15.45% 15.29% 15.11%
13.27% 13.31% 13.26% 13.22% 13.14% 13.12% 12.96% 12.87% 12.73% 12.61% 12.60% 12.67%
No. of Shareholders 39,80641,12040,90840,81941,53343,44540,49539,96839,38837,06938,80739,999

* 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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