Financials Dabur India Limited

Equities

DABUR

INE016A01026

Personal Products

Market Closed - NSE India S.E. 12:43:47 26/04/2024 BST 5-day change 1st Jan Change
509 INR +0.50% Intraday chart for Dabur India Limited +0.95% -8.65%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 722,060 795,267 955,293 947,925 965,434 901,968 - -
Enterprise Value (EV) 1 690,479 763,869 939,389 943,979 966,548 841,240 832,483 841,311
P/E ratio 50.2 x 55.2 x 56.6 x 54.7 x 56.7 x 47.3 x 41.3 x 36.5 x
Yield 0.67% 0.67% 0.88% 0.97% 0.95% 1.21% 1.39% 1.55%
Capitalization / Revenue 8.46 x 9.14 x 9.99 x 8.71 x 8.37 x 7.23 x 6.54 x 5.91 x
EV / Revenue 8.09 x 8.78 x 9.82 x 8.67 x 8.38 x 6.74 x 6.04 x 5.51 x
EV / EBITDA 39.7 x 42.6 x 46.9 x 41.9 x 44.7 x 34.4 x 29.9 x 26.8 x
EV / FCF 54.6 x 63.9 x 52.1 x 66.1 x 98.7 x 53.5 x 43.2 x 37.9 x
FCF Yield 1.83% 1.57% 1.92% 1.51% 1.01% 1.87% 2.31% 2.64%
Price to Book 12.8 x 12 x 12.4 x 11.3 x 10.8 x 9.2 x 8.41 x 7.67 x
Nbr of stocks (in thousands) 1,766,291 1,767,064 1,767,425 1,767,856 1,771,763 1,772,039 - -
Reference price 2 408.8 450.0 540.5 536.2 544.9 509.0 509.0 509.0
Announcement Date 02/05/19 27/05/20 07/05/21 05/05/22 04/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 85,330 87,036 95,616 108,887 115,299 124,807 137,882 152,550
EBITDA 1 17,405 17,924 20,027 22,538 21,625 24,467 27,849 31,418
EBIT 1 15,636 15,719 17,626 20,009 18,515 20,459 23,619 26,999
Operating Margin 18.32% 18.06% 18.43% 18.38% 16.06% 16.39% 17.13% 17.7%
Earnings before Tax (EBT) 1 17,249 17,276 20,560 22,687 22,187 24,453 28,045 31,828
Net income 1 14,423 14,450 16,933 17,392 17,072 18,891 21,683 24,614
Net margin 16.9% 16.6% 17.71% 15.97% 14.81% 15.14% 15.73% 16.14%
EPS 2 8.140 8.150 9.550 9.810 9.610 10.77 12.34 13.94
Free Cash Flow 1 12,648 11,962 18,035 14,282 9,793 15,732 19,250 22,178
FCF margin 14.82% 13.74% 18.86% 13.12% 8.49% 12.61% 13.96% 14.54%
FCF Conversion (EBITDA) 72.67% 66.74% 90.05% 63.37% 45.29% 64.3% 69.12% 70.59%
FCF Conversion (Net income) 87.69% 82.78% 106.51% 82.12% 57.37% 83.28% 88.78% 90.1%
Dividend per Share 2 2.750 3.000 4.750 5.200 5.200 6.140 7.054 7.910
Announcement Date 02/05/19 27/05/20 07/05/21 05/05/22 04/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 27,288 23,368 26,115 28,176 29,418 25,178 28,224 29,865 30,432 26,778 31,305 32,259 32,652 28,261 -
EBITDA 1 5,742 4,425 5,520 6,207 6,275 4,536 5,433 6,004 6,099 4,096 6,047 6,519 6,699 4,589 -
EBIT 1 5,170 3,759 4,907 5,574 5,643 3,885 4,757 5,299 5,390 3,076 5,081 5,712 5,798 4,127 -
Operating Margin 18.95% 16.09% 18.79% 19.78% 19.18% 15.43% 16.85% 17.74% 17.71% 11.49% 16.23% 17.71% 17.76% 14.6% -
Earnings before Tax (EBT) 1 5,911 4,516 5,680 6,611 6,498 3,897 5,641 6,382 6,202 3,962 5,934 6,772 6,674 4,466 -
Net income 1 4,920 3,778 4,373 5,044 5,033 2,942 4,403 4,901 4,759 3,008 4,639 5,186 5,169 3,477 -
Net margin 18.03% 16.17% 16.75% 17.9% 17.11% 11.69% 15.6% 16.41% 15.64% 11.23% 14.82% 16.08% 15.83% 12.3% -
EPS 2 2.780 2.130 2.470 2.850 2.840 1.660 2.480 2.760 2.680 1.690 2.610 2.898 2.928 1.967 -
Dividend per Share 2 - 3.000 - 2.500 - 2.700 - - - 2.700 - - - 5.984 -
Announcement Date 29/01/21 07/05/21 03/08/21 02/11/21 02/02/22 05/05/22 04/08/22 26/10/22 02/02/23 04/05/23 03/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 1,114 - - -
Net Cash position 1 31,581 31,398 15,904 3,946 - 60,728 69,485 60,657
Leverage (Debt/EBITDA) - - - - 0.0515 x - - -
Free Cash Flow 1 12,648 11,962 18,035 14,282 9,793 15,732 19,250 22,178
ROE (net income / shareholders' equity) 25.4% 23.6% 23.6% 23.5% 19.7% 20.1% 21.1% 21.7%
ROA (Net income/ Total Assets) 16.8% 16.2% 16.8% 15.6% 13.2% 12.7% 13.4% 14.1%
Assets 1 85,691 88,953 101,006 111,474 129,694 149,089 161,783 174,350
Book Value Per Share 2 31.90 37.40 43.40 47.40 50.60 55.30 60.50 66.40
Cash Flow per Share 2 8.460 9.100 11.90 10.20 8.380 11.80 13.10 14.30
Capex 1 2,344 4,175 3,112 3,741 5,091 3,987 3,721 3,848
Capex / Sales 2.75% 4.8% 3.25% 3.44% 4.42% 3.19% 2.7% 2.52%
Announcement Date 02/05/19 27/05/20 07/05/21 05/05/22 04/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
40
Last Close Price
509 INR
Average target price
601.8 INR
Spread / Average Target
+18.23%
Consensus
  1. Stock Market
  2. Equities
  3. DABUR Stock
  4. Financials Dabur India Limited