Dabur India

₹551 -1.2 | 0.2%

WEBSITE BSE:500096 NSE : DABUR (I) 09 Jun, 13:13

Market Cap ₹97560 Cr.

Stock P/E 57.2

P/B 10.9

Current Price ₹551

Book Value ₹ 50.6

Face Value 1

52W High ₹610.4

Dividend Yield 0.94%

52W Low ₹ 482.2

Edit Ratio

Dabur India Research see more...

Overview Inc. Year: 1975Industry: Household & Personal Products

Dabur India Limited is a FMCG company. Its segments comprises Consumer care commercial enterprise, Food enterprise, Retail business and Other segments. Its Consumer care enterprise section consists of home care, personal care, and health care. Its Food commercial enterprise section includes juices, liquids, and culinary. Its Retail commercial enterprise segment consists of retail stores. Its Other segments are Guar gum, pharma and others. Its product categories consist of hair care, oral care, fitness care, skin care, home care and ingredients. Its FMCG portfolio consists of 8 manufacturers, consisting of Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail and Dabur Honitus in the healthcare area; Dabur Amla and Dabur Red Paste within the personal care category; and Real within the food and Beverage's category. In addition, Vatika is an global logo. Its products are Real Juices, Dabur Red Paste, Odonil, Odomos, Dabur Hommade Tasty Masala, Rheumatil Oil, Dabur Badam Oil, Odopic, Oxy bleach and Hajmola.

Dabur India Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Dabur India Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	2729	2337	2612	2818	2942	2518	2822	2986	3043	2678
Other Income	81	85	85	112	97	99	101	123	101	121
Total Income	2810	2422	2696	2930	3038	2617	2923	3110	3144	2799
Total Expenditure	2155	1894	2060	2197	2314	2064	2279	2386	2433	2268
Operating Profit	655	527	637	733	724	553	644	724	711	531
Interest	7	9	8	8	11	12	12	15	19	32
Depreciation	57	67	61	63	63	65	68	70	71	102
Exceptional Income / Expenses	0	0	0	0	0	-85	0	0	0	0
Profit Before Tax	591	452	568	662	650	391	564	638	621	396
Provision for Tax	97	74	130	156	146	95	123	147	144	103
Profit After Tax	494	378	438	506	504	296	441	491	477	293
Adjustments	-2	-0	-1	-1	-1	-1	-1	-1	-1	8
Profit After Adjustments	492	378	437	504	503	294	440	490	476	301
Adjusted Earnings Per Share	2.8	2.1	2.5	2.9	2.8	1.7	2.5	2.8	2.7	1.7

Dabur India Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	5305	6169	7075	7827	7780	7614	7722	8515	8685	9562	10889	11529
Other Income	57	109	128	158	217	303	305	296	305	325	393	446
Total Income	5363	6278	7203	7985	7997	7917	8027	8811	8990	9887	11282	11976
Total Expenditure	4446	5181	5915	6511	6261	6106	6107	6778	6895	7562	8638	9366
Operating Profit	917	1097	1288	1474	1735	1810	1920	2033	2095	2325	2644	2610
Interest	54	59	54	40	48	59	53	60	50	31	39	78
Depreciation	73	85	97	115	133	141	160	174	217	237	250	311
Exceptional Income / Expenses	0	-5	-1	0	0	0	-15	-75	-100	0	-85	0
Profit Before Tax	790	948	1136	1319	1554	1611	1693	1725	1728	2056	2269	2219
Provision for Tax	146	183	219	251	300	330	335	279	280	361	526	517
Profit After Tax	644	766	916	1068	1254	1280	1358	1446	1448	1695	1742	1702
Adjustments	1	-2	-3	-3	-3	-3	-3	-4	-3	-2	-3	5
Profit After Adjustments	645	763	914	1066	1251	1277	1354	1442	1445	1693	1739	1707
Adjusted Earnings Per Share	3.7	4.4	5.2	6.1	7.1	7.2	7.7	8.2	8.2	9.6	9.8	9.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	9%	7%	7%
Operating Profit CAGR	14%	9%	8%	11%
PAT CAGR	3%	6%	6%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	11%	6%	7%	14%
ROE Average	22%	23%	24%	32%
ROCE Average	27%	27%	27%	31%

Dabur India Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	1718	2100	2664	3354	4171	4847	5707	5632	6606	7664	8381
Minority's Interest	2	8	8	18	22	25	27	31	36	37	41
Borrowings	727	540	260	211	342	470	364	26	163	1	250
Other Non-Current Liabilities	555	358	358	378	411	165	170	87	63	193	289
Total Current Liabilities	1621	2197	2649	2883	2877	2225	2434	2660	2464	2934	3323
Total Liabilities	4623	5202	5939	6844	7823	7732	8702	8437	9332	10829	12284
Fixed Assets	1641	1582	1767	1877	1667	1903	1974	1917	2201	2192	2259
Other Non-Current Assets	512	710	830	1771	2316	2714	3288	2933	2251	3861	5708
Total Current Assets	2416	2910	3343	3195	3839	3114	3438	3586	4880	4776	4317
Total Assets	4623	5202	5939	6844	7823	7732	8702	8437	9332	10829	12284

Dabur India Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	280	112	123	313	-47	35	116	89	38	92	189
Cash Flow from Operating Activities	597	870	1098	1047	1187	1227	1092	1499	1614	2115	1802
Cash Flow from Investing Activities	-261	-624	-107	-876	-730	-807	-540	337	-517	-1406	-1275
Cash Flow from Financing Activities	-198	-234	-804	-417	-374	-339	-577	-1888	-1043	-613	-490
Net Cash Inflow / Outflow	138	12	187	-246	82	81	-26	-52	54	95	36
Closing Cash & Cash Equivalent	418	125	313	68	35	116	89	38	92	189	227

Dabur India Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	3.7	4.38	5.24	6.07	7.11	7.25	7.69	8.17	8.18	9.58	9.84
CEPS(Rs)	4.12	4.88	5.81	6.74	7.89	8.07	8.61	9.17	9.42	10.93	11.27
DPS(Rs)	1.3	1.5	1.75	2	2.25	2.25	7.5	2.75	3	4.75	5.2
Book NAV/Share(Rs)	8.95	11.62	14.77	18.8	23.19	27.01	31.87	31.46	36.85	42.66	46.57
Core EBITDA Margin(%)	16.08	15.87	16.26	16.65	19.3	19.57	19.13	18.57	18.5	18.87	18.55
EBIT Margin(%)	15.79	16.19	16.67	17.19	20.36	21.68	20.68	19.08	18.37	19.69	19.02
Pre Tax Margin(%)	14.78	15.24	15.92	16.69	19.75	20.91	20.05	18.45	17.86	19.4	18.7
PAT Margin (%)	12.05	12.31	12.84	13.51	15.94	16.62	16.08	15.47	14.97	16	14.36
Cash Profit Margin (%)	13.41	13.67	14.21	14.97	17.63	18.46	17.97	17.33	17.21	18.23	16.42
ROA(%)	15.07	15.59	16.45	16.72	17.1	16.46	16.52	16.88	16.3	16.81	15.08
ROE(%)	47.12	42.75	39.85	36.36	33.97	28.97	26.18	25.89	23.99	24.12	22.09
ROCE(%)	32.96	32.85	34.15	34.29	34.49	30.92	28.01	27.51	26.41	27.56	26.73
Receivable days	27.89	27.74	29.66	32	35.25	34.59	29.32	30.05	31.08	23.69	18.17
Inventory Days	52.3	48.93	46.48	44.91	48	52.21	51.07	49.9	50.56	53.63	54.84
Payable days	100.58	89.62	123.54	135.92	147.39	172.56	183.32	169.86	174.51	174.4	173.94
PER(x)	28.74	31.29	34.26	43.75	35.03	38.23	42.53	50.09	55.06	56.44	54.54
Price/Book(x)	11.89	11.8	12.16	14.12	10.74	10.26	10.26	13	12.22	12.67	11.52
Dividend Yield(%)	1.22	1.09	0.97	0.75	0.9	0.81	2.29	0.67	0.67	0.88	0.97
EV/Net Sales(x)	3.63	4.02	4.49	6.04	5.71	6.5	7.54	8.53	9.13	9.89	8.74
EV/Core EBITDA(x)	20.97	22.6	24.65	32.09	25.59	27.34	30.33	35.72	37.85	40.69	35.99
Net Sales Growth(%)	29.26	16.28	14.69	10.63	-0.61	-2.13	1.42	10.27	1.99	10.1	13.88
EBIT Growth(%)	14.23	19.3	18.1	14.27	17.86	4.21	4.58	2.19	-0.41	17.42	10.56
PAT Growth(%)	13.22	18.89	19.67	16.59	17.35	2.11	6.05	6.52	0.12	17.06	2.79
EPS Growth(%)	13.33	18.33	19.65	15.78	17.21	1.92	6.06	6.2	0.14	17.17	2.68
Debt/Equity(x)	0.72	0.62	0.37	0.29	0.2	0.2	0.17	0.13	0.08	0.05	0.11
Current Ratio(x)	1.49	1.32	1.26	1.11	1.33	1.4	1.41	1.35	1.98	1.63	1.3
Quick Ratio(x)	0.98	0.94	0.89	0.77	0.95	0.9	0.9	0.86	1.42	1.04	0.72
Interest Cover(x)	15.68	17.1	21.97	33.89	33.05	28.29	32.91	29.95	35.87	67.73	59.77
Total Debt/Mcap(x)	0.06	0.05	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0	0.01

Dabur India Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	67.87	67.38	67.36	67.36	67.37	67.38	67.24	67.24	66.24	66.24
FII	18.52	19.77	20.59	21.35	21.11	20.43	20.23	20.24	20.47	19.73
DII	5.93	5.34	4.66	3.41	3.59	3.83	4.04	6.62	7.55	8.38
Public	7.67	7.51	7.38	7.87	7.93	8.36	8.5	5.9	5.75	5.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	119.96	119.09	119.09	119.09	119.1	119.12	119.13	119.13	117.35	117.35
FII	32.74	34.95	36.41	37.74	37.32	36.11	35.84	35.86	36.27	34.96
DII	10.48	9.43	8.24	6.04	6.34	6.78	7.15	11.73	13.37	14.84
Public	13.56	13.27	13.05	13.92	14.02	14.78	15.05	10.45	10.19	10.03
Others	0	0	0	0	0	0	0	0	0	0
Total	176.74	176.74	176.79	176.79	176.79	176.79	177.17	177.18	177.18	177.18

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 174.4 to 173.94days.
Company is almost debt free.

Cons

Stock is trading at 10.9 times its book value.
The company has delivered a poor profit growth of 6% 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.