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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500096 | NSE: DABUR

Fundamental Analysis of Dabur India Ltd

About the Company - Dabur India Ltd

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 belongs to the Industry of Personal Care. Company’s Total Operating Revenue is Rs. 8179.50 Cr. and Equity Capital is Rs. 176.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal Care8/3, Asaf Ali Road, New Delhi Delhi 110002investors@dabur.com
http://www.dabur.com
Management
NamePosition Held
Mr. Saket BurmanVice Chairman
Mr. Mohit BurmanChairman
Mr. P D NarangWhole Time Director
Mr. Mohit MalhotraWholeTime Director & CEO
Mr. P N VijayIndependent Director
Mr. R C BhargavaIndependent Director
Dr. S NarayanIndependent Director
Dr. Ajay DuaIndependent Director
Mr. Amit BurmanDirector
Mrs. Falguni Sanjay NayarIndependent Director
Mr. Ajit Mohan SharanIndependent Director
Mr. Mukesh ButaniLead Independent Director
Mr. Aditya BurmanDirector
Mr. Rajiv MehrishiIndependent Director
Dr. Anand C BurmanAlternate Director

Basic Stock Data of Dabur India Ltd

Last Updated: May 15, 2024, 7:45 am

Market Cap 97,356 Cr.
Current Price 550
High / Low597/489
Stock P/E53.8
Book Value 55.7
Dividend Yield0.95 %
ROCE22.3 %
ROE19.2 %
Face Value 1.00
PEG Ratio12.31

Competitors of Dabur India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Colgate-Palmolive (India) Ltd 75,913 Cr. 2,7912,875/1,56059.5 64.81.39 %79.1 %61.2 % 1.00
Jyothy Labs Ltd 15,313 Cr. 417554/20041.5 49.20.72 %28.0 %22.0 % 1.00
Procter & Gamble Hygiene and Health Care Ltd 52,977 Cr. 16,32019,250/13,36270.1 3240.65 %101 %80.6 % 10.0
Godrej Industries Ltd 28,549 Cr. 849990/462476 2380.00 %5.94 %0.75 % 1.00
Ambica Agarbathies Aroma & Industries Ltd 46.4 Cr. 27.043.2/23.6 59.30.00 %4.45 %3.49 % 10.0
Industry Average34,559.68 Cr4,080.80129.42147.060.55%43.70%33.61%4.60

Dabur India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,7292,3372,6122,8182,9422,5182,8222,9863,0432,6783,1303,2043,255
Expenses2,1551,8952,0602,1972,3142,0652,2792,3862,4342,2682,5262,5432,588
Operating Profit574442552620627452543600609410605661667
OPM %21%19%21%22%21%18%19%20%20%15%19%21%20%
Other Income8185851129714101123101121110117127
Interest7988111212151932242836
Depreciation576761636365687071102979897
Profit before tax591452568661650390564638620396593651661
Tax %16%16%23%24%22%24%22%23%23%26%23%22%23%
Net Profit494377438505504294441491477293457507506
EPS in Rs2.782.142.472.852.851.662.492.772.691.702.622.912.90

Last Updated: May 5, 2024, 1:48 am

Dabur India Ltd Quarterly Chart

Dabur India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5,2946,1407,0587,7957,7807,6147,7228,5158,6859,56210,88911,53012,055
Expenses4,4015,1485,8976,4756,2616,1026,1046,7756,8927,5608,6379,3679,771
Operating Profit8939921,1621,3201,5181,5121,6171,7401,7922,0022,2522,1622,284
OPM %17%16%16%17%20%20%21%20%21%21%21%19%19%
Other Income55100126154217296291222205325308445448
Interest545954404854536050313978103
Depreciation1038597115133143162177220240253311368
Profit before tax7909481,1361,3191,5541,6111,6931,7251,7282,0562,2692,2192,261
Tax %19%19%19%19%19%21%20%16%16%18%23%23%
Net Profit6447669161,0681,2541,2801,3581,4461,4481,6951,7421,7011,733
EPS in Rs3.704.385.246.077.117.257.698.178.189.589.849.649.92
Dividend Payout %38%34%33%33%32%31%81%34%37%50%53%54%

Dabur India Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)18.94%19.58%16.59%17.42%2.07%6.09%6.48%0.14%17.06%2.77%-2.35%
Change in YoY Net Profit Growth (%)0.00%0.64%-2.99%0.82%-15.34%4.02%0.39%-6.34%16.92%-14.29%-5.13%

Dabur India Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:9%
TTM:8%
Compounded Profit Growth
10 Years:7%
5 Years:4%
3 Years:2%
TTM:7%
Stock Price CAGR
10 Years:11%
5 Years:7%
3 Years:2%
1 Year:3%
Return on Equity
10 Years:24%
5 Years:22%
3 Years:20%
Last Year:19%

Last Updated: May 15, 2024, 7:45 am

Dabur India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital174174174176176176176177177177177177177
Reserves1,5431,9212,4823,1783,9954,6715,5305,4556,4297,4878,2058,7969,310
Borrowings1,0681,1517087348059759386995225091,0301,1741,489
Other Liabilities1,4151,4621,9482,0191,9561,9102,0582,1062,2092,6612,8723,5053,791
Total Liabilities4,2004,7095,3126,1066,9327,7328,7028,4379,33710,83312,28413,65214,767
Fixed Assets1,6411,5821,7671,8771,6671,9582,0281,9692,2532,2432,3083,5793,558
CWIP2793225045424264147147168175259
Investments4839291,0761,8132,6913,2403,8053,3592,8004,1606,2206,2656,922
Other Assets2,0502,1052,4472,3652,5292,4922,8273,0454,1374,2833,5893,6334,029
Total Assets4,2004,7095,3126,1066,9327,7328,7028,4379,33710,83312,28413,65214,767

Dabur India Ltd Reserves and Borrowings Chart

Dabur India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5978701,0981,0471,1871,2271,0921,4991,6142,1151,8021,488
Cash from Investing Activity -260-622-104-876-730-807-541338-517-1,404-1,273-583
Cash from Financing Activity -198-234-804-417-374-339-577-1,888-1,043-613-490-1,035
Net Cash Flow13813190-2458281-27-51549738-130

Dabur India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days322935333831333634212227
Inventory Days154144150136150153169154164178169158
Days Payable89122169153182181190172176197178171
Cash Conversion Cycle975116166313172231214
Working Capital Days22122721142116225710
ROCE %32%33%35%36%35%31%28%28%28%27%27%23%

Dabur India Ltd Financial Efficiency Indicators Chart

Dabur India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.38%67.36%67.36%67.37%67.38%67.24%67.23%66.23%66.23%66.23%66.24%66.25%
FIIs19.77%20.59%21.35%21.11%20.43%20.23%20.24%20.47%19.73%19.39%18.37%16.49%
DIIs5.34%4.66%3.41%3.59%3.83%4.04%6.57%7.48%8.31%8.75%9.78%11.66%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.07%0.07%0.07%0.07%0.07%
Public7.51%7.38%7.87%7.93%8.36%8.50%5.89%5.74%5.65%5.57%5.53%5.54%
No. of Shareholders2,96,4393,18,8523,59,5294,33,4434,82,1334,83,5604,57,4904,43,6184,48,9754,44,8324,33,5014,39,123

Dabur India Ltd Shareholding Pattern Chart

No. of Dabur India Ltd Shareholders

Dabur India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Mirae Asset Large Cap Fund56639030.87299.56
Mirae Asset Tax Saver Fund55866001.69295.48
Kotak Equity Arbitrage Fund - Regular Plan53787500.98284.48
Mirae Asset Emerging Bluechip Fund52922231279.91
Aditya Birla Sun Life Frontline Equity Fund41013970.94216.92
ICICI Prudential Focused Equity Fund40156293.8212.39
UTI Flexi Cap Fund38751200.84204.96
HDFC Top 100 Fund - Regular Plan36891660.76195.12
SBI Arbitrage Opportunities Fund29750000.7157.35
Aditya Birla Sun Life ELSS Tax Relief 9619315450.75102.16

Dabur India Ltd ROCE Trend

Dabur India Ltd EPS Trend

Dabur India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)9.649.849.588.188.17
Diluted EPS (Rs.)9.619.819.558.158.14
Cash EPS (Rs.)11.3711.3010.959.449.18
Book Value[Excl.RevalReserv]/Share (Rs.)53.2947.6443.5737.5932.06
Book Value[Incl.RevalReserv]/Share (Rs.)53.2947.6443.5737.5932.06
Revenue From Operations / Share (Rs.)65.0761.5954.0149.1548.21
PBDIT / Share (Rs.)14.7314.9713.1711.8711.53
PBIT / Share (Rs.)12.9713.5411.8110.6210.52
PBT / Share (Rs.)12.5312.8411.649.789.76
Net Profit / Share (Rs.)9.619.879.608.198.18
NP After MI And SOA / Share (Rs.)9.649.849.588.188.17
PBDIT Margin (%)22.6324.3024.3824.1523.90
PBIT Margin (%)19.9321.9821.8621.6121.83
PBT Margin (%)19.2520.8521.5419.8920.24
Net Profit Margin (%)14.7616.0117.7616.6716.97
NP After MI And SOA Margin (%)14.8015.9717.7316.6316.93
Return on Networth / Equity (%)19.0220.7522.0921.8725.61
Return on Capital Employeed (%)22.8826.7126.3827.2432.18
Return On Assets (%)12.5014.1515.6115.4417.09
Long Term Debt / Equity (X)0.030.020.010.020.00
Total Debt / Equity (X)0.110.100.060.070.09
Asset Turnover Ratio (%)0.800.840.850.860.87
Current Ratio (X)1.181.301.631.981.35
Quick Ratio (X)0.610.721.041.420.85
Inventory Turnover Ratio (X)2.222.172.212.322.27
Dividend Payout Ratio (NP) (%)53.9655.9034.9642.7591.84
Dividend Payout Ratio (CP) (%)45.6548.8030.6237.0981.81
Earning Retention Ratio (%)46.0444.1065.0457.258.16
Cash Earning Retention Ratio (%)54.3551.2069.3862.9118.19
Interest Coverage Ratio (X)33.3568.5775.5642.3434.17
Interest Coverage Ratio (Post Tax) (X)22.7748.3956.0532.2526.52
Enterprise Value (Cr.)97722.0995194.7394754.2579255.9072478.00
EV / Net Operating Revenue (X)8.488.749.939.138.51
EV / EBITDA (X)37.4535.9640.7037.7835.60
MarketCap / Net Operating Revenue (X)8.388.7110.019.168.48
Retention Ratios (%)46.0344.0965.0357.248.15
Price / BV (X)10.7611.3212.4712.0412.83
Price / Net Operating Revenue (X)8.388.7110.019.168.49
EarningsYield0.010.010.010.010.01

Dabur India Ltd Profitability Ratios (%)

Dabur India Ltd Liquidity Ratios

Dabur India Ltd Liquidity Ratios (%)

Dabur India Ltd Interest Coverage Ratios (X)

Dabur India Ltd Valuation Ratios

Fair Value

Fair Value: ₹580.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.60% compared to the current price ₹550

Intrinsic Value: ₹606.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.22% compared to the current price ₹550

Last 5 Year EPS CAGR: 4.37%

*Investments are subject to market risks

Strength and Weakness of Dabur India Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 30.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 13.25, which is a positive sign.
  3. The company has higher reserves (5,307.85 cr) compared to borrowings (907.85 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (8.00 cr) and profit (134.85 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 22.50, which may not be favorable.

Should I Buy Dabur India Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dabur India Ltd:
    1. Net Profit Margin: 14.76%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 22.88% (Industry Average ROCE: 18.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 19.02% (Industry Average ROE: 8.05%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 22.77
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.61
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 53.8 (Industry average Stock P/E: 25.56)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.11
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Dabur India Ltd?

The latest fair value of Dabur India Ltd is ₹580.82.

What is the Market Cap of Dabur India Ltd?

The Market Cap of Dabur India Ltd is 97,356 Cr..

What is the current Stock Price of Dabur India Ltd as on 19 May 2024?

The current stock price of Dabur India Ltd as on 19 May 2024 is 550.

What is the High / Low of Dabur India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dabur India Ltd stocks is ₹597/489.

What is the Stock P/E of Dabur India Ltd?

The Stock P/E of Dabur India Ltd is 53.8.

What is the Book Value of Dabur India Ltd?

The Book Value of Dabur India Ltd is 55.7.

What is the Dividend Yield of Dabur India Ltd?

The Dividend Yield of Dabur India Ltd is 0.95 %.

What is the ROCE of Dabur India Ltd?

The ROCE of Dabur India Ltd is 22.3 %.

What is the ROE of Dabur India Ltd?

The ROE of Dabur India Ltd is 19.2 %.

What is the Face Value of Dabur India Ltd?

The Face Value of Dabur India Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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