Dabur India Ltd

Dabur India Ltd

₹ 510 1.38%
23 Dec - 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

Leading FMCG Company 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 90,299 Cr.
  • Current Price 510
  • High / Low 672 / 489
  • Stock P/E 62.4
  • Book Value 40.8
  • Dividend Yield 1.08 %
  • ROCE 28.1 %
  • ROE 22.9 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
  • Company has been maintaining a healthy dividend payout of 65.3%

Cons

  • Stock is trading at 12.5 times its book value
  • The company has delivered a poor sales growth of 7.81% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,120 2,224 1,852 2,180 2,267 2,298 1,939 2,347 2,334 2,414 2,039 2,514 2,144
1,640 1,738 1,523 1,752 1,794 1,801 1,636 1,885 1,826 1,883 1,703 2,017 1,740
Operating Profit 480 487 329 428 473 497 304 462 509 532 337 497 403
OPM % 23% 22% 18% 20% 21% 22% 16% 20% 22% 22% 16% 20% 19%
97 81 92 84 108 86 85 99 102 102 114 110 118
Interest 3 6 7 7 8 13 19 15 18 24 23 19 29
Depreciation 40 40 41 44 47 48 50 51 51 52 54 60 64
Profit before tax 534 521 374 461 526 522 320 495 542 557 373 527 429
Tax % 26% 24% 22% 24% 25% 24% 27% 24% 22% 23% 24% 23% 23%
395 394 292 350 396 394 233 378 420 428 283 405 329
EPS in Rs 2.24 2.23 1.65 1.98 2.23 2.23 1.32 2.13 2.37 2.42 1.60 2.29 1.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,342 4,860 5,420 5,340 5,291 5,592 6,273 6,310 7,185 8,180 8,684 9,136 9,112
3,619 4,034 4,480 4,242 4,178 4,360 4,906 4,927 5,626 6,445 6,984 7,295 7,343
Operating Profit 723 826 940 1,098 1,112 1,232 1,367 1,383 1,559 1,734 1,701 1,840 1,768
OPM % 17% 17% 17% 21% 21% 22% 22% 22% 22% 21% 20% 20% 19%
94 108 112 194 274 266 275 175 277 341 363 416 444
Interest 18 19 10 10 16 22 30 19 9 19 46 81 96
Depreciation 49 54 66 73 75 102 109 130 143 160 188 209 230
Profit before tax 750 861 977 1,209 1,294 1,373 1,503 1,408 1,683 1,896 1,829 1,967 1,886
Tax % 21% 22% 22% 22% 23% 22% 16% 17% 18% 24% 25% 23%
591 672 763 937 998 1,072 1,264 1,170 1,382 1,433 1,373 1,509 1,446
EPS in Rs 3.39 3.85 4.34 5.33 5.67 6.09 7.16 6.62 7.82 8.11 7.75 8.52 8.17
Dividend Payout % 44% 45% 46% 42% 40% 123% 38% 45% 61% 64% 67% 65%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 8%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: 3%
TTM: 0%
Stock Price CAGR
10 Years: 8%
5 Years: 2%
3 Years: -3%
1 Year: -4%
Return on Equity
10 Years: 27%
5 Years: 25%
3 Years: 24%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 174 174 176 176 176 176 177 177 177 177 177 177 177
Reserves 1,391 1,728 2,161 2,918 3,482 4,051 3,792 4,398 5,214 5,687 6,110 6,738 7,048
242 44 129 87 284 287 310 151 180 560 615 776 1,194
991 1,175 1,223 1,248 1,275 1,299 1,300 1,375 1,933 2,168 2,450 2,841 3,001
Total Liabilities 2,798 3,122 3,688 4,430 5,217 5,813 5,579 6,100 7,504 8,592 9,352 10,533 11,421
617 654 683 639 993 1,030 1,037 1,134 1,205 1,399 1,662 1,878 2,019
CWIP 17 17 12 25 28 27 22 106 107 128 109 184 58
Investments 1,026 1,118 1,778 2,570 3,054 3,433 2,962 2,467 3,574 5,007 5,475 6,148 6,709
1,139 1,333 1,215 1,196 1,141 1,322 1,558 2,393 2,618 2,057 2,106 2,322 2,635
Total Assets 2,798 3,122 3,688 4,430 5,217 5,813 5,579 6,100 7,504 8,592 9,352 10,533 11,421

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
703 712 839 960 927 816 1,124 1,155 1,704 1,320 1,562 1,653
-346 -98 -613 -494 -679 -261 418 -330 -1,120 -682 -617 -736
-328 -535 -337 -455 -274 -496 -1,619 -826 -555 -635 -940 -922
Net Cash Flow 29 79 -111 11 -26 59 -78 -2 29 3 5 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 21 24 23 29 23 21 25 22 14 20 24 29
Inventory Days 107 109 94 106 103 117 106 120 141 132 118 109
Days Payable 123 137 130 160 157 159 145 153 187 169 176 195
Cash Conversion Cycle 6 -4 -13 -25 -31 -21 -13 -11 -32 -16 -34 -58
Working Capital Days 0 -5 -4 -1 -7 1 -8 0 -17 -10 -16 -23
ROCE % 44% 46% 45% 42% 37% 33% 35% 34% 33% 32% 28% 28%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.37% 67.38% 67.24% 67.23% 66.23% 66.23% 66.23% 66.24% 66.25% 66.26% 66.25% 66.25%
21.11% 20.43% 20.23% 20.24% 20.47% 19.73% 19.39% 18.37% 16.49% 15.82% 14.99% 15.05%
3.59% 3.83% 4.04% 6.57% 7.48% 8.31% 8.75% 9.78% 11.66% 12.46% 13.45% 13.57%
0.00% 0.00% 0.00% 0.06% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
7.93% 8.36% 8.50% 5.89% 5.74% 5.65% 5.57% 5.53% 5.54% 5.40% 5.26% 5.07%
No. of Shareholders 4,33,4434,82,1334,83,5604,57,4904,43,6184,48,9754,44,8324,33,5014,39,1234,34,8234,35,2134,30,436

* 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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