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Last Updated: April 2, 2026, 2:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500096 | NSE: DABUR

Dabur India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹339.25Overvalued by 18.25%vs CMP ₹415.00

P/E (39.6) × ROE (17.0%) × BV (₹61.80) × DY (1.93%)

₹163.57Overvalued by 60.59%vs CMP ₹415.00
MoS: -153.7% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹343.1622%Over (-17.3%)
Graham NumberEarnings₹120.3716%Over (-71%)
Earnings PowerEarnings₹74.6813%Over (-82%)
DCFCash Flow₹110.9613%Over (-73.3%)
Net Asset ValueAssets₹61.797%Over (-85.1%)
EV/EBITDAEnterprise₹179.559%Over (-56.7%)
Earnings YieldEarnings₹104.207%Over (-74.9%)
ROCE CapitalReturns₹151.969%Over (-63.4%)
Revenue MultipleRevenue₹106.265%Over (-74.4%)
Consensus (9 models)₹163.57100%Overvalued
Key Drivers: Wide model spread (₹62–₹343) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.2%

*Investments are subject to market risks

Investment Snapshot

61
Dabur India Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 20.2% ExcellentROE 17.0% GoodD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.63% (6mo) SellingDII holding up 2.67% MF buyingPromoter holding at 66.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 19% Steady
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 3% YoY FlatProfit (4Q): +3% YoY Positive
Industry Rank45/100 · Moderate
P/E 39.6 vs industry 46.9 In-lineROCE 20.2% vs industry 29.2% Average3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:48 am

Market Cap 73,599 Cr.
Current Price 415
Intrinsic Value₹163.57
High / Low 577/401
Stock P/E39.6
Book Value 61.8
Dividend Yield1.93 %
ROCE20.2 %
ROE17.0 %
Face Value 1.00
PEG Ratio34.37

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dabur India Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Dabur India Ltd 73,599 Cr. 415 577/40139.6 61.81.93 %20.2 %17.0 % 1.00
Colgate-Palmolive (India) Ltd 49,493 Cr. 1,820 2,747/1,78237.1 58.22.80 %105 %81.2 % 1.00
Godrej Consumer Products Ltd 1,02,074 Cr. 998 1,309/98152.5 1192.00 %19.2 %15.2 % 1.00
Procter & Gamble Hygiene and Health Care Ltd 31,636 Cr. 9,748 14,543/8,97936.8 2871.74 %104 %75.7 % 10.0
Godrej Industries Ltd 28,017 Cr. 832 1,392/74427.8 3090.00 %7.83 %9.64 % 1.00
Industry Average60,427.93 Cr1,572.1446.89111.991.02%29.21%23.91%4.94

All Competitor Stocks of Dabur India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,0432,6783,1303,2043,2552,8153,3493,0293,3552,8303,4053,1913,559
Expenses 2,4342,2682,5262,5432,5882,3482,6942,4762,6732,4032,7372,6032,825
Operating Profit 609410605661667466655553682427667588734
OPM % 20%15%19%21%20%17%20%18%20%15%20%18%21%
Other Income 101121110117127129129152129141144140126
Interest 19322428363533474439354031
Depreciation 71102979897107109111109117114115117
Profit before tax 620396593651661453642546658412663573711
Tax % 23%26%23%22%23%25%23%24%22%24%23%22%22%
Net Profit 477293457507506341494418516313508445554
EPS in Rs 2.691.702.622.912.901.972.822.402.951.812.902.553.16

Last Updated: February 6, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7,0587,7957,7807,6147,7228,5158,6859,56210,88911,53012,40412,56312,985
Expenses 5,8976,4756,2616,1026,1046,7756,8927,5608,6379,36710,00410,24710,569
Operating Profit 1,1621,3201,5181,5121,6171,7401,7922,0022,2522,1622,4002,3162,416
OPM % 16%17%20%20%21%20%21%21%21%19%19%18%19%
Other Income 126154217296291222205325308445482551551
Interest 54404854536050313978124164145
Depreciation 97115133143162177220240253311399446464
Profit before tax 1,1361,3191,5541,6111,6931,7251,7282,0562,2692,2192,3592,2582,359
Tax % 19%19%19%21%20%16%16%18%23%23%23%23%
Net Profit 9161,0681,2541,2801,3581,4461,4481,6951,7421,7011,8111,7401,819
EPS in Rs 5.246.077.117.257.698.178.189.589.849.6410.409.9710.42
Dividend Payout % 33%33%32%31%81%34%37%50%53%54%53%80%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.59%17.42%2.07%6.09%6.48%0.14%17.06%2.77%-2.35%6.47%-3.92%
Change in YoY Net Profit Growth (%)0.00%0.82%-15.34%4.02%0.39%-6.34%16.92%-14.29%-5.13%8.82%-10.39%

Dabur India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:8%
3 Years:5%
TTM:0%
Compounded Profit Growth
10 Years:5%
5 Years:3%
3 Years:-1%
TTM:-5%
Stock Price CAGR
10 Years:7%
5 Years:3%
3 Years:-1%
1 Year:-15%
Return on Equity
10 Years:23%
5 Years:20%
3 Years:19%
Last Year:17%

Last Updated: September 5, 2025, 2:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 174176176176176177177177177177177177177
Reserves 2,4823,1783,9954,6715,5305,4556,4297,4878,2058,7969,68910,62310,781
Borrowings 7087348059759386995225091,0301,1741,3659501,301
Other Liabilities 1,9482,0191,9561,9102,0582,1062,2092,6612,8723,5053,8854,4794,417
Total Liabilities 5,3126,1066,9327,7328,7028,4379,33710,83312,28413,65215,11616,23016,677
Fixed Assets 1,7671,8771,6671,9582,0281,9692,2532,2432,3083,5793,8153,9904,004
CWIP 225045424264147147168175232169125
Investments 1,0761,8132,6913,2403,8053,3592,8004,1606,2206,2656,9337,4687,596
Other Assets 2,4472,3652,5292,4922,8273,0454,1374,2833,5893,6334,1364,6034,951
Total Assets 5,3126,1066,9327,7328,7028,4379,33710,83312,28413,65215,11616,23016,677

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,0981,0471,1871,2271,0921,4991,6142,1151,8021,4882,0131,987
Cash from Investing Activity + -104-876-730-807-541338-517-1,404-1,273-583-971-448
Cash from Financing Activity + -804-417-374-339-577-1,888-1,043-613-490-1,035-1,161-1,405
Net Cash Flow 190-2458281-27-51549738-130-119133
Free Cash Flow 8857969987418911,2741,2131,8081,4331,0031,4531,448
CFO/OP 111%97%97%102%88%106%107%122%97%92%104%103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-707.00-733.00-804.00-974.00-937.00-698.00-521.00-507.001.001.001.00-948.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 353338313336342122272626
Inventory Days 150136150153169154164178169158149175
Days Payable 169153182181190172176197178171186215
Cash Conversion Cycle 16166313172231214-10-14
Working Capital Days -21-17-0-7-1-59-9-14-13-17-13
ROCE %35%36%35%31%28%28%28%27%27%23%22%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.23%66.23%66.24%66.25%66.26%66.25%66.25%66.27%66.28%66.22%66.22%66.23%
FIIs 19.73%19.39%18.37%16.49%15.82%14.99%15.05%13.28%12.68%11.85%10.88%10.05%
DIIs 8.31%8.75%9.78%11.66%12.46%13.45%13.57%14.85%15.62%16.16%17.29%18.29%
Government 0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.10%0.10%
Public 5.65%5.57%5.53%5.54%5.40%5.26%5.07%5.53%5.36%5.69%5.48%5.33%
No. of Shareholders 4,48,9754,44,8324,33,5014,39,1234,34,8234,35,2134,30,4365,10,2985,05,5575,20,0244,97,1234,84,326

Shareholding Pattern Chart

No. of Shareholders

Dabur India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 30,684,267 1.69 1554.4724,254,7152026-02-23 00:43:2126.51%
SBI Contra Fund 18,846,663 1.96 954.77N/AN/AN/A
HDFC Large Cap Fund 6,885,831 0.88 348.84N/AN/AN/A
SBI Balanced Advantage Fund 5,863,921 0.74 297.07N/AN/AN/A
ICICI Prudential Value Fund 3,558,691 0.3 180.2812,226,6672026-02-23 00:43:21-70.89%
HDFC Hybrid Equity Fund 3,000,000 0.64 151.983,670,9732026-02-23 00:43:21-18.28%
Franklin India Multi Cap Fund 2,771,964 2.88 140.43N/AN/AN/A
UTI Value Fund 2,600,000 1.34 131.72N/AN/AN/A
Aditya Birla Sun Life Large Cap Fund 2,597,331 0.43 131.58N/AN/AN/A
SBI Large & Midcap Fund 2,500,000 0.34 126.65N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 9.9710.409.649.849.58
Diluted EPS (Rs.) 9.9510.389.619.819.55
Cash EPS (Rs.) 12.3312.4811.3711.3010.95
Book Value[Excl.RevalReserv]/Share (Rs.) 60.9458.1453.2947.6443.57
Book Value[Incl.RevalReserv]/Share (Rs.) 60.9458.1453.2947.6443.57
Revenue From Operations / Share (Rs.) 70.8970.0065.0761.5954.01
PBDIT / Share (Rs.) 16.1716.2714.7314.9713.17
PBIT / Share (Rs.) 13.6614.0112.9713.5411.81
PBT / Share (Rs.) 12.7413.3112.5312.8411.64
Net Profit / Share (Rs.) 9.8210.229.619.879.60
NP After MI And SOA / Share (Rs.) 9.9710.409.649.849.58
PBDIT Margin (%) 22.8123.2322.6324.3024.38
PBIT Margin (%) 19.2620.0219.9321.9821.86
PBT Margin (%) 17.9619.0219.2520.8521.54
Net Profit Margin (%) 13.8414.6014.7616.0117.76
NP After MI And SOA Margin (%) 14.0714.8514.8015.9717.73
Return on Networth / Equity (%) 16.3618.6719.0220.7522.09
Return on Capital Employeed (%) 20.3122.1822.8826.7126.38
Return On Assets (%) 10.8812.1812.5014.1515.61
Long Term Debt / Equity (X) 0.020.050.030.020.01
Total Debt / Equity (X) 0.060.110.110.100.06
Asset Turnover Ratio (%) 0.800.860.800.840.85
Current Ratio (X) 1.511.451.181.301.63
Quick Ratio (X) 0.980.940.610.721.04
Inventory Turnover Ratio (X) 5.922.612.222.172.21
Dividend Payout Ratio (NP) (%) 55.1452.4153.9655.9034.96
Dividend Payout Ratio (CP) (%) 44.0443.0745.6548.8030.62
Earning Retention Ratio (%) 44.8647.5946.0444.1065.04
Cash Earning Retention Ratio (%) 55.9656.9354.3551.2069.38
Interest Coverage Ratio (X) 17.5323.2133.3568.5775.56
Interest Coverage Ratio (Post Tax) (X) 11.6415.5922.7748.3956.05
Enterprise Value (Cr.) 90337.5493630.6797722.0995194.7394754.25
EV / Net Operating Revenue (X) 7.197.558.488.749.93
EV / EBITDA (X) 31.5232.4837.4535.9640.70
MarketCap / Net Operating Revenue (X) 7.157.478.388.7110.01
Retention Ratios (%) 44.8547.5846.0344.0965.03
Price / BV (X) 8.319.4010.7611.3212.47
Price / Net Operating Revenue (X) 7.157.478.388.7110.01
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dabur India Ltd. is a Public Limited Listed company incorporated on 16/09/1975 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L24230DL1975PLC007908 and registration number is 007908. Currently Company is involved in the business activities of Manufacture of hair oil, shampoo, hair dye etc. (includes manufacture of shampoos, hair sprays, hair fixers, hair oils, hair creams, hair dyes and bleaches and preparations for permanent waving or straightening of the hair etc.). Company's Total Operating Revenue is Rs. 9070.71 Cr. and Equity Capital is Rs. 177.23 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Personal Care8/3, Asaf Ali Road, New Delhi Delhi 110002Contact not found
Management
NamePosition Held
Mr. Mohit BurmanChairman & Non-Exe.Director
Mr. Saket BurmanVice Chairman & Non Exe.Dire
Mr. P D NarangWhole Time Director
Mr. Mohit MalhotraWholeTime Director & CEO
Mr. Aditya BurmanNon Executive Director
Mr. Amit BurmanNon Executive Director
Mr. Mukesh ButaniLead Independent Director
Mr. Ajit Mohan SharanIndependent Director
Mr. Rajiv MehrishiIndependent Director
Mrs. Satyavati BereraIndependent Director
Mr. Romesh SobtiIndependent Director
Mr. Ravi KapoorIndependent Director

FAQ

What is the intrinsic value of Dabur India Ltd and is it undervalued?

As of 12 April 2026, Dabur India Ltd's intrinsic value is ₹163.57, which is 60.59% lower than the current market price of ₹415.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.0 %), book value (₹61.8), dividend yield (1.93 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dabur India Ltd?

Dabur India Ltd is trading at ₹415.00 as of 12 April 2026, with a FY2026-2027 high of ₹577 and low of ₹401. The stock is currently near its 52-week low. Market cap stands at ₹73,599 Cr..

How does Dabur India Ltd's P/E ratio compare to its industry?

Dabur India Ltd has a P/E ratio of 39.6, which is below the industry average of 46.89. This is broadly in line with or below the industry average.

Is Dabur India Ltd financially healthy?

Key indicators for Dabur India Ltd: ROCE of 20.2 % indicates efficient capital utilization; ROE of 17.0 % shows strong shareholder returns. Dividend yield is 1.93 %.

Is Dabur India Ltd profitable and how is the profit trend?

Dabur India Ltd reported a net profit of ₹1,740 Cr in Mar 2025 on revenue of ₹12,563 Cr. Compared to ₹1,742 Cr in Mar 2022, the net profit shows a declining trend.

Does Dabur India Ltd pay dividends?

Dabur India Ltd has a dividend yield of 1.93 % at the current price of ₹415.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dabur India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE