Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500696 | NSE: HINDUNILVR

Fundamental Analysis of Hindustan Unilever Ltd (HUL)

About the Company - Hindustan Unilever Ltd

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 filtering and purifying machinery or apparatus for liquids and gases. Company’s Total Operating Revenue is Rs. 51193.00 Cr. and Equity Capital is Rs. 235.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal CareUnilever House, B D Sawant Marg, Mumbai Maharashtra 400099levercare.shareholder@unilever.com
http://www.hul.co.in
Management
NamePosition Held
Mr. Nitin ParanjpeChairman & Non-Exe.Director
Mr. Sanjiv MehtaManaging Director & CEO
Mr. Ritesh TiwariExecutive Director & CFO
Mr. Dev BajpaiExecutive Director
Mr. Rohit JawaWholeTime Director & CEO
Ms. Ashu SuyashIndependent Director
Dr. Sanjiv MisraIndependent Director
Dr. Ashish GuptaIndependent Director
Mr. Leo PuriIndependent Director
Mr. O P BhattIndependent Director
Mr. Ranjay GulatiIndependent Director
Ms. Kalpana MorpariaIndependent Director

Hindustan Unilever Ltd. Share Price Update

Share PriceValue
Today₹2,424.20
Previous Day₹2,417.90

Basic Stock Data of Hindustan Unilever Ltd

Market Cap 5,58,087 Cr.
Current Price 2,375
High / Low2,770/2,347
Stock P/E54.1
Book Value 214
Dividend Yield1.64 %
ROCE26.6 %
ROE20.5 %
Face Value 1.00

Data Source: screener.in

Competitors of Hindustan Unilever Ltd (HUL)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Marico Ltd 69,797 Cr. 539595/46347.6 32.60.84 %41.9 %35.8 % 1.00
Zydus Wellness Ltd 10,114 Cr. 1,5891,721/1,39035.7 8180.32 %5.93 %6.40 % 10.0
Procter & Gamble Hygiene and Health Care Ltd 53,828 Cr. 16,58219,250/13,10171.2 3240.63 %101 %80.6 % 10.0
Gillette India Ltd 21,493 Cr. 6,5957,336/4,13555.0 3161.27 %52.0 %38.5 % 10.0
Industry Average38.25 Cr140.552.38372.650.77%50.21%40.33%7.75

Hindustan Unilever Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales12,18112,43312,19413,04613,43913,76714,62415,14415,59715,21515,49615,62315,567
Expenses9,2189,3919,2739,82010,03010,46611,22211,66511,90311,64211,83211,82811,902
Operating Profit2,9633,0422,9213,2263,4093,3013,4023,4793,6943,5733,6643,7953,665
OPM %24%24%24%25%25%24%23%23%24%23%24%24%24%
Other Income31233951-7136121807239146178184
Interest44111328273828282929508891
Depreciation286266260281272278281272293291286297313
Profit before tax2,6362,8882,6872,9683,1033,1213,2143,2593,3793,4923,4743,5883,445
Tax %26%24%22%26%26%26%26%18%27%26%26%26%27%
Net Profit1,9382,1902,1002,1852,3002,3072,3912,6702,4812,6012,5562,6572,508
EPS in Rs8.249.308.929.289.789.8110.1311.3410.5311.0710.8711.3010.68

Hindustan Unilever Ltd Quarterly Chart

Hindustan Unilever Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales23,43627,00429,23431,97232,18633,16235,54539,31039,78347,02852,44660,58061,931
Expenses19,93622,78424,47526,56026,27626,83428,04630,43029,93035,40239,58946,43247,205
Operating Profit3,5004,2204,7595,4125,9106,3287,4998,8809,85311,62612,85714,14814,726
OPM %15%16%16%17%18%19%21%23%25%25%25%23%24%
Other Income3571,1237921,247486606353322432170219447570
Interest226411817352633118117106114196
Depreciation2342512963223534325205651,0021,0741,0911,1371,167
Profit before tax3,6225,0665,2156,3206,0266,4677,3068,6049,16510,60511,87913,34413,933
Tax %23%24%24%31%31%31%28%30%26%25%25%24%
Net Profit2,8003,8393,9564,3764,1514,4905,2276,0606,7567,9998,89210,14310,295
EPS in Rs12.9117.7118.2420.1719.1820.6824.0927.9731.1734.0337.7943.0743.77
Dividend Payout %58%104%71%74%83%82%83%78%80%119%90%91%

Hindustan Unilever Ltd Profit & Loss Yearly Chart

Hindustan Unilever Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:15%
TTM:5%
Compounded Profit Growth
10 Years:12%
5 Years:14%
3 Years:14%
TTM:4%
Stock Price CAGR
10 Years:16%
5 Years:6%
3 Years:4%
1 Year:-3%
Return on Equity
10 Years:37%
5 Years:28%
3 Years:22%
Last Year:20%

Hindustan Unilever Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital216216216216216216216216216235235235235
Reserves3,4652,6493,3213,8116,3576,5287,0657,6518,01347,43948,82650,06950,129
Borrowings025464317727709901,0091,0431,2191,272
Other Liabilities7,7269,20210,17110,3598,0438,68510,58110,66311,92420,05720,40221,55426,207
Total Liabilities11,40712,09213,75414,43014,79315,70617,86218,62920,15368,74070,50673,07777,843
Fixed Assets2,2632,4312,7462,8213,2584,4194,5284,7155,47951,44351,47352,67853,106
CWIP2282223735164082294614065977451,3131,1321,047
Investments2,3222,2522,8383,0252,5923,7942,8732,7161,2552,7093,5212,8824,609
Other Assets6,5957,1867,7978,0678,5357,26410,00010,79212,82213,84314,19916,38519,081
Total Assets11,40712,09213,75414,43014,79315,70617,86218,62920,15368,74070,50673,07777,843

Hindustan Unilever Ltd Reserves and Borrowings Chart

Hindustan Unilever Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,9323,6053,8183,2924,1715,1856,0595,8007,6239,1639,0489,991
Cash from Investing Activity -51463-475138-282-1,173-1,063-4381,791-1,228-1,728-1,484
Cash from Financing Activity -1,726-4,147-2,960-3,462-3,864-4,214-4,975-5,390-6,819-9,309-8,015-8,953
Net Cash Flow692-480383-3325-20221-282,595-1,374-695-446

Hindustan Unilever Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days131313121412131711141619
Inventory Days948386777567655965666555
Days Payable170164170148156164185166176163145123
Cash Conversion Cycle-63-67-72-60-67-85-107-90-101-83-64-50
Working Capital Days-42-49-54-52-24-32-37-29-31-29-20-13
ROCE %106%130%147%139%112%91%103%116%117%38%24%27%

Hindustan Unilever Ltd Financial Efficiency Indicators Chart

Hindustan Unilever Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%
FIIs14.95%15.11%15.45%14.71%13.66%13.30%14.05%14.32%14.36%14.48%13.90%13.65%
DIIs10.68%10.75%10.48%10.85%11.61%12.20%11.72%11.50%11.51%11.47%11.90%12.31%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.04%0.04%
Public12.47%12.24%12.17%12.53%12.83%12.60%12.32%12.23%12.17%12.09%12.26%12.11%
No. of Shareholders7,69,6637,95,4488,25,66611,37,49713,61,50612,75,55411,39,75411,18,43111,27,98210,96,27011,76,41111,32,965

Hindustan Unilever Ltd Shareholding Pattern Chart

No. of Hindustan Unilever Ltd Shareholders

Hindustan Unilever Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF161657702.334011.62
SBI S&P BSE Sensex ETF114346122.72836.24
UTI Nifty 50 ETF44766362.331110.9
UTI S&P BSE Sensex ETF39441432.7978.31
SBI Blue Chip Fund36000002.06893.36
Nippon India ETF Nifty 50 BeES19088822.33473.7
Nippon India Large Cap Fund16396611.9406.89
UTI Nifty 50 Index Fund14380492.33356.86
DSP ELSS Tax Saver Fund13467832.41334.21
SBI Magnum Global Fund9000003.43223.34

Hindustan Unilever Ltd ROCE Trend

Hindustan Unilever Ltd EPS Trend

Hindustan Unilever Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)43.0737.7934.0331.1727.97
Diluted EPS (Rs.)43.0737.7934.0331.1727.96
Cash EPS (Rs.)48.0042.4838.6135.9230.67
Book Value[Excl.RevalReserv]/Share (Rs.)214.99208.88202.9538.1836.50
Book Value[Incl.RevalReserv]/Share (Rs.)214.99208.88202.9538.1836.50
Revenue From Operations / Share (Rs.)257.79223.17200.12184.18181.99
PBDIT / Share (Rs.)62.3955.8151.2248.5843.66
PBIT / Share (Rs.)57.5551.1746.6543.9441.04
PBT / Share (Rs.)56.7950.5345.1342.4739.83
Net Profit / Share (Rs.)43.1737.8434.0431.2828.06
NP After MI And SOA / Share (Rs.)43.0637.7834.0231.2428.03
PBDIT Margin (%)24.2025.0025.5926.3723.98
PBIT Margin (%)22.3222.9223.3023.8522.55
PBT Margin (%)22.0322.6422.5523.0521.88
Net Profit Margin (%)16.7416.9517.0016.9815.41
NP After MI And SOA Margin (%)16.7016.9217.0016.9615.40
Return on Networth / Equity (%)20.1118.0916.7782.0076.95
Return on Capital Employeed (%)22.1420.2919.0187.5888.98
Return On Assets (%)13.8412.5911.6233.4832.49
Total Debt / Equity (X)0.000.000.000.000.01
Asset Turnover Ratio (%)0.830.731.042.032.14
Current Ratio (X)1.411.381.281.321.37
Quick Ratio (X)1.061.010.951.031.08
Inventory Turnover Ratio (X)4.734.254.864.445.37
Dividend Payout Ratio (NP) (%)83.5884.68110.2077.0075.09
Dividend Payout Ratio (CP) (%)75.1475.4197.1567.0468.68
Earning Retention Ratio (%)16.4215.32-10.2023.0024.91
Cash Earning Retention Ratio (%)24.8624.592.8532.9631.32
Interest Coverage Ratio (X)128.61123.73102.8788.92285.76
Interest Coverage Ratio (Post Tax) (X)90.5585.2571.4260.02191.55
Enterprise Value (Cr.)596944.25477659.75566787.00491304.40365244.80
EV / Net Operating Revenue (X)9.859.1112.0512.359.29
EV / EBITDA (X)40.7236.4247.0946.8238.73
MarketCap / Net Operating Revenue (X)9.939.1812.1512.489.38
Retention Ratios (%)16.4115.31-10.2022.9924.90
Price / BV (X)11.959.8111.9860.3246.89
Price / Net Operating Revenue (X)9.939.1812.1512.489.38
EarningsYield0.010.010.010.010.01

Hindustan Unilever Ltd Profitability Ratios (%)

Hindustan Unilever Ltd Liquidity Ratios

Hindustan Unilever Ltd Liquidity Ratios (%)

Hindustan Unilever Ltd Interest Coverage Ratios (%)

Hindustan Unilever Ltd Valuation Ratios

Fair Value of Hindustan Unilever Ltd Stock

Fair Value: ₹2412.29

The stock is undervalued by 1.57% compared to the current price ₹2375

*Investments are subject to market risks

Strength and Weakness of Hindustan Unilever Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 95.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -34.33, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -75.75, which is a positive sign.
  4. The company has higher reserves (18,871.00 cr) compared to borrowings (400.77 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (39.08 cr) and profit (7.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 48.07 and average Dividend Yield of 22.99%.

Should I Buy Hindustan Unilever Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Hindustan Unilever Ltd (HUL):
    1. Net Profit Margin: 16.74%
      • 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: 22.14% (Industry Average ROCE: 49.61%)
      • 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. Interest Coverage Ratio (Post Tax): 90.55
      • 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.
    4. Quick Ratio: 1.06
      • 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.
    5. ✗ Stock P/E of 54.1 (Industry average Stock P/E: 50.97)
      • 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.
    6. ✓ Total Debt / Equity: 0.00
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Hindustan Unilever Ltd (HUL). 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