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Hindustan Unilever Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,869.50Overvalued by 19.03%vs CMP ₹2,309.00

P/E (49.7) × ROE (22.3%) × BV (₹207.00) × DY (1.86%)

₹893.25Overvalued by 61.31%vs CMP ₹2,309.00
MoS: -158.5% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,062.5522%Over (-10.7%)
Graham NumberEarnings₹536.3716%Over (-76.8%)
Earnings PowerEarnings₹358.5013%Over (-84.5%)
DCFCash Flow₹1,034.1413%Over (-55.2%)
Net Asset ValueAssets₹207.287%Over (-91%)
EV/EBITDAEnterprise₹819.519%Over (-64.5%)
Earnings YieldEarnings₹617.707%Over (-73.2%)
ROCE CapitalReturns₹340.349%Over (-85.3%)
Revenue MultipleRevenue₹402.865%Over (-82.6%)
Consensus (9 models)₹893.25100%Overvalued
Key Drivers: Wide model spread (₹207–₹2,063) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.3%

*Investments are subject to market risks

Analyst Summary

Hindustan Unilever Ltd operates in the Personal Care segment, NSE: HINDUNILVR | BSE: 500696, current market price is ₹2,309.00, market cap is 5,42,663 Cr.. At a glance, stock P/E is 49.7, ROE is 22.3 %, ROCE is 28.4 %, book value is 207, dividend yield is 1.86 %. The latest intrinsic value estimate is ₹893.25, around 61.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹63,121 Cr versus the prior period change of 2.0%, while latest net profit is about ₹10,671 Cr with a prior-period change of 3.8%. The 52-week range shown on this page is 2,660/2,022, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHindustan Unilever Ltd. is a Public Limited Listed company incorporated on 17/10/1933 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Hindustan Unilever Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

68
Hindustan Unilever Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 28.4% ExcellentROE 22.3% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.09% (6mo) Slight increasePromoter holding at 61.9% Stable
Earnings Quality60/100 · Moderate
OPM stable around 24% SteadyWorking capital: -33 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): 3% YoY FlatProfit (4Q): +35% YoY Strong
Industry Rank45/100 · Moderate
P/E 49.7 vs industry 55.7 In-lineROCE 28.4% vs industry 30.0% Average3Y sales CAGR: 6% 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: May 4, 2026, 11:38 pm

Market Cap 5,42,663 Cr.
Current Price 2,309
Intrinsic Value₹893.25
High / Low 2,660/2,022
Stock P/E49.7
Book Value 207
Dividend Yield1.86 %
ROCE28.4 %
ROE22.3 %
Face Value 1.00
PEG Ratio4.81

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

View Share Price Target for Hindustan Unilever Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hindustan Unilever Ltd 5,42,663 Cr. 2,309 2,660/2,02249.7 2071.86 %28.4 %22.3 % 1.00
Godrej Consumer Products Ltd 1,09,774 Cr. 1,072 1,309/96756.5 1191.86 %19.2 %15.2 % 1.00
Dabur India Ltd 79,044 Cr. 446 577/40142.5 61.81.80 %20.2 %17.0 % 1.00
Colgate-Palmolive (India) Ltd 59,084 Cr. 2,173 2,747/1,78244.3 58.22.35 %105 %81.2 % 1.00
Procter & Gamble Hygiene and Health Care Ltd 33,124 Cr. 10,205 14,543/8,97938.5 2871.67 %104 %75.7 % 10.0
Industry Average67,624.36 Cr1,701.7155.71112.520.91%29.97%24.66%4.94

All Competitor Stocks of Hindustan Unilever Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 15,59715,21515,49615,62315,56715,21015,70715,92615,55615,67016,51415,91916,441
Expenses 11,90311,64311,83211,82811,90211,67511,96512,13911,86712,05212,79712,13712,660
Operating Profit 3,6943,5723,6643,7953,6653,5353,7423,7873,6893,6183,7173,7823,781
OPM % 24%23%24%24%24%23%24%24%24%23%23%24%23%
Other Income 7240146178184309209203733171742694,048
Interest 2929508891105931101098012712488
Depreciation 293291286297313320329338318347361322337
Profit before tax 3,3793,4923,4743,5883,4453,4193,5293,5423,9953,3623,3033,6057,404
Tax % 27%26%26%26%27%25%26%27%25%26%16%25%11%
Net Profit 2,4812,6012,5562,6572,5082,5612,6122,5952,9892,4752,7682,6946,603
EPS in Rs 10.5311.0710.8711.3010.6810.8911.1111.0312.7010.4911.7311.4328.12

Last Updated: February 16, 2026, 5:40 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 16, 2026, 5:40 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 29,23431,97232,18633,16235,54539,31039,78347,02852,44660,58061,89663,12164,544
Expenses 24,47526,56026,27626,83428,04630,43029,92235,40239,58946,43347,23748,27849,646
Operating Profit 4,7595,4125,9106,3287,4998,8809,86111,62612,85714,14714,65914,84314,898
OPM % 16%17%18%19%21%23%25%25%25%23%24%24%23%
Other Income 7921,2474866063533224241702194488171,3224,562
Interest 411817352633118117106114334395419
Depreciation 2963223534325205651,0021,0741,0911,1371,2161,3551,367
Profit before tax 5,2156,3206,0266,4677,3068,6049,16510,60511,87913,34413,92614,41517,674
Tax % 24%31%31%31%28%30%26%25%25%24%26%26%
Net Profit 3,9564,3764,1514,4905,2276,0606,7567,9998,89210,14310,28210,67114,540
EPS in Rs 18.2420.1719.1820.6824.0927.9731.1734.0337.7943.0743.7445.3261.77
Dividend Payout % 71%74%83%82%83%78%80%119%90%91%96%117%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)10.62%-5.14%8.17%16.41%15.94%11.49%18.40%11.16%14.07%1.37%3.78%
Change in YoY Net Profit Growth (%)0.00%-15.76%13.31%8.25%-0.48%-4.45%6.91%-7.23%2.90%-12.70%2.41%

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

Growth

Last Updated: September 4, 2025, 9:25 pm

Balance Sheet

Last Updated: February 16, 2026, 5:40 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 216216216216216216216235235235235235235
Reserves 3,3213,8116,3576,5287,0657,6518,01347,43948,82650,06950,98349,16748,481
Borrowings 4643177277099001,0431,2191,4841,6481,775
Other Liabilities 10,17110,3598,0438,68510,58110,66311,92421,06620,40221,55425,78728,81331,543
Total Liabilities 13,75414,43014,79315,70617,86218,62920,15368,74070,50673,07778,48979,86382,034
Fixed Assets 2,7462,8213,2584,4194,5284,7155,47951,44351,47352,67853,74454,33558,126
CWIP 3735164082294614065977451,3131,1321,0251,0091,022
Investments 2,8383,0252,5923,7942,8732,7161,2552,7093,5212,8824,6253,8103,958
Other Assets 7,7978,0678,5357,26410,00010,79212,82213,84314,19916,38519,09520,70918,928
Total Assets 13,75414,43014,79315,70617,86218,62920,15368,74070,50673,07778,48979,86382,034

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 3,2924,1715,1856,0595,8007,6239,1639,0489,99115,46911,88610,999
Cash from Investing Activity + 138-282-1,173-1,063-4381,791-1,228-1,728-1,484-5,3246,473-3,684
Cash from Financing Activity + -3,462-3,864-4,214-4,975-5,390-6,819-9,309-8,015-8,953-10,034-13,101-10,810
Net Cash Flow -3325-20221-282,595-1,374-695-4461115,258-3,495
Free Cash Flow 3,2463,4604,2485,1965,0466,8135,0977,9958,98014,01210,6249,668
CFO/OP 95%100%111%111%96%103%100%92%93%108%95%105%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-42.00-38.00-172.00-271.007.00-91.009.0011.0011.0013.0013.0013.00

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 131214121317111416191822
Inventory Days 867775676559656665555559
Days Payable 170148156164185166176163145123143152
Cash Conversion Cycle -72-60-67-85-107-90-101-83-64-50-70-71
Working Capital Days -54-53-26-35-37-30-31-32-22-15-22-33
ROCE %147%139%112%91%103%116%117%39%25%27%27%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%
FIIs 14.36%14.48%13.90%13.65%12.67%11.87%12.17%11.43%10.62%10.18%10.79%10.71%
DIIs 11.51%11.47%11.90%12.31%13.21%14.09%14.13%14.67%15.48%15.99%15.62%15.68%
Government 0.04%0.04%0.04%0.04%0.04%0.05%0.05%0.06%0.07%0.07%0.07%0.07%
Public 12.17%12.09%12.26%12.11%12.19%12.11%11.75%11.94%11.93%11.86%11.62%11.64%
No. of Shareholders 11,27,98210,96,27011,76,41111,32,96512,05,41612,10,98911,05,25412,18,00112,33,43811,67,94510,95,44711,12,713

Shareholding Pattern Chart

No. of Shareholders

Hindustan Unilever 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
ICICI Prudential Value Fund 7,610,705 2.99 1806.025,507,6352026-01-26 00:48:3838.18%
Nippon India Large Cap Fund 5,035,752 2.38 1194.98N/AN/AN/A
SBI Large Cap Fund 4,590,000 1.99 1089.21N/AN/AN/A
ICICI Prudential Multi Asset Fund 3,336,157 0.98 791.673,546,1572026-02-23 00:57:40-5.92%
Nippon India Small Cap Fund 2,743,992 0.99 651.152,121,4612026-01-26 00:48:3929.34%
Kotak Flexicap Fund 2,600,000 1.09 616.98N/AN/AN/A
ICICI Prudential Equity & Debt Fund 2,485,251 1.2 589.752,235,2512026-02-23 00:15:3611.18%
ICICI Prudential India Opportunities Fund 2,245,126 1.52 532.772,786,8722026-01-26 00:48:39-19.44%
SBI Large & Midcap Fund 2,000,000 1.27 474.6N/AN/AN/A
ICICI Prudential Equity Savings Fund 1,921,878 2.52 456.062,701,8782026-02-23 00:57:40-28.87%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 45.3243.7443.0737.7934.03
Diluted EPS (Rs.) 45.3243.7443.0737.7934.03
Cash EPS (Rs.) 51.2148.9448.0042.4838.61
Book Value[Excl.RevalReserv]/Share (Rs.) 210.22217.95214.99208.88202.95
Book Value[Incl.RevalReserv]/Share (Rs.) 210.22217.95214.99208.88202.95
Revenue From Operations / Share (Rs.) 268.60263.39257.79223.17200.12
PBDIT / Share (Rs.) 67.5265.8562.3955.8151.22
PBIT / Share (Rs.) 61.7660.6757.5551.1746.65
PBT / Share (Rs.) 61.3759.2856.7950.5345.13
Net Profit / Share (Rs.) 45.4443.7743.1737.8434.04
NP After MI And SOA / Share (Rs.) 45.3143.7343.0637.7834.02
PBDIT Margin (%) 25.1325.0024.2025.0025.59
PBIT Margin (%) 22.9923.0322.3222.9223.30
PBT Margin (%) 22.8422.5022.0322.6422.55
Net Profit Margin (%) 16.9116.6116.7416.9517.00
NP After MI And SOA Margin (%) 16.8716.6016.7016.9217.00
Return on Networth / Equity (%) 21.5520.0620.1118.0916.77
Return on Capital Employeed (%) 22.9121.7222.1420.2919.01
Return On Assets (%) 13.3313.0913.8412.5911.62
Asset Turnover Ratio (%) 0.790.810.830.731.04
Current Ratio (X) 1.331.661.411.381.28
Quick Ratio (X) 1.071.341.061.010.95
Inventory Turnover Ratio (X) 14.9614.964.734.254.86
Dividend Payout Ratio (NP) (%) 116.9491.4483.5884.68110.20
Dividend Payout Ratio (CP) (%) 103.7481.7775.1475.4197.15
Earning Retention Ratio (%) -16.948.5616.4215.32-10.20
Cash Earning Retention Ratio (%) -3.7418.2324.8624.592.85
Interest Coverage Ratio (X) 40.1746.33128.61123.73102.87
Interest Coverage Ratio (Post Tax) (X) 27.2631.7890.5585.2571.42
Enterprise Value (Cr.) 523601.25525697.75596944.25477659.75566787.00
EV / Net Operating Revenue (X) 8.308.499.859.1112.05
EV / EBITDA (X) 33.0033.9740.7236.4247.09
MarketCap / Net Operating Revenue (X) 8.418.619.939.1812.15
Retention Ratios (%) -16.948.5516.4115.31-10.20
Price / BV (X) 10.7510.4111.959.8111.98
Price / Net Operating Revenue (X) 8.418.619.939.1812.15
EarningsYield 0.020.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindustan Unilever Ltd. is a Public Limited Listed company incorporated on 17/10/1933 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15140MH1933PLC002030 and registration number is 002030. Currently Company is involved in the business activities of Manufacture of detergent and similar washing agents excluding soap. Company's Total Operating Revenue is Rs. 61975.00 Cr. and Equity Capital is Rs. 235.00 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Personal CareUnilever House, B D Sawant Marg, Mumbai Maharashtra 400099Contact not found
Management
NamePosition Held
Mr. Nitin ParanjpeChairman & Non-Exe.Director
Mr. Rohit JawaManaging Director & CEO
Mr. Ritesh TiwariExecutive Director & CFO
Mr. Leo PuriIndependent Director
Ms. Ashu SuyashIndependent Director
Mr. Ranjay GulatiIndependent Director
Ms. Neelam DhawanIndependent Director
Mr. Tarun BajajIndependent Director
Mr. Biddappa Ponnappa BittiandaExecutive Director

FAQ

What is the intrinsic value of Hindustan Unilever Ltd and is it undervalued?

As of 09 May 2026, Hindustan Unilever Ltd's intrinsic value is ₹893.25, which is 61.31% lower than the current market price of ₹2,309.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (22.3 %), book value (₹207), dividend yield (1.86 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindustan Unilever Ltd?

Hindustan Unilever Ltd is trading at ₹2,309.00 as of 09 May 2026, with a FY2026-2027 high of ₹2,660 and low of ₹2,022. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,42,663 Cr..

How does Hindustan Unilever Ltd's P/E ratio compare to its industry?

Hindustan Unilever Ltd has a P/E ratio of 49.7, which is below the industry average of 55.71. This is broadly in line with or below the industry average.

Is Hindustan Unilever Ltd financially healthy?

Key indicators for Hindustan Unilever Ltd: ROCE of 28.4 % indicates efficient capital utilization; ROE of 22.3 % shows strong shareholder returns. Dividend yield is 1.86 %.

Is Hindustan Unilever Ltd profitable and how is the profit trend?

Hindustan Unilever Ltd reported a net profit of ₹10,671 Cr in Mar 2025 on revenue of ₹63,121 Cr. Compared to ₹8,892 Cr in Mar 2022, the net profit shows an improving trend.

Does Hindustan Unilever Ltd pay dividends?

Hindustan Unilever Ltd has a dividend yield of 1.86 % at the current price of ₹2,309.00. The company pays dividends, though the yield is modest.

Last Updated: May 4, 2026, 11:38 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500696 | NSE: HINDUNILVR
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 Hindustan Unilever 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
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