DABUR INDIA LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 545.1 INR | -1.10% |
|
-2.33% | -2.17% |
| May. 30 | India's consumption-linked themes 'ripe for revival', says Ambit Asset's Bothra | RE |
| May. 14 | Colgate-Palmolive's India unit posts Q4 profit rise on price hikes, healthy demand | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 722,060 | 795,267 | 955,293 | 947,925 | 965,434 | 966,087 | - | - |
| Enterprise Value (EV) 1 | 690,479 | 763,869 | 939,389 | 943,979 | 966,548 | 927,042 | 909,925 | 901,210 |
| P/E ratio | 50.2 x | 55.2 x | 56.6 x | 54.7 x | 56.7 x | 50.4 x | 45.7 x | 40.3 x |
| Yield | 0.67% | 0.67% | 0.88% | 0.97% | 0.95% | 1.13% | 1.23% | 1.39% |
| Capitalization / Revenue | 8.46 x | 9.14 x | 9.99 x | 8.71 x | 8.37 x | 7.47 x | 7.1 x | 6.44 x |
| EV / Revenue | 8.09 x | 8.78 x | 9.82 x | 8.67 x | 8.38 x | 7.47 x | 6.69 x | 6.01 x |
| EV / EBITDA | 39.7 x | 42.6 x | 46.9 x | 41.9 x | 44.7 x | 38.6 x | 33.3 x | 29.3 x |
| EV / FCF | 54.6 x | 63.9 x | 52.1 x | 66.1 x | 98.7 x | 57.5 x | 56.4 x | 42.5 x |
| FCF Yield | 1.83% | 1.57% | 1.92% | 1.51% | 1.01% | 1.74% | 1.77% | 2.35% |
| Price to Book | 12.8 x | 12 x | 12.4 x | 11.3 x | 10.8 x | 9.85 x | 9 x | 8.24 x |
| Nbr of stocks (in thousands) | 1,766,291 | 1,767,064 | 1,767,425 | 1,767,856 | 1,771,763 | 1,772,311 | - | - |
| Reference price 2 | 408.8 | 450.0 | 540.5 | 536.2 | 544.9 | 545.1 | 545.1 | 545.1 |
| Announcement Date | 5/2/19 | 5/27/20 | 5/7/21 | 5/5/22 | 5/4/23 | 5/2/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 85,330 | 87,036 | 95,616 | 108,887 | 115,299 | 124,040 | 136,093 | 149,963 |
| EBITDA 1 | 17,405 | 17,924 | 20,027 | 22,538 | 21,625 | 23,997 | 27,348 | 30,779 |
| EBIT 1 | 15,636 | 15,719 | 17,626 | 20,009 | 18,515 | 20,005 | 23,004 | 26,249 |
| Operating Margin | 18.32% | 18.06% | 18.43% | 18.38% | 16.06% | 16.13% | 16.9% | 17.5% |
| Earnings before Tax (EBT) 1 | 17,249 | 17,276 | 20,560 | 22,687 | 22,187 | 23,587 | 27,410 | 31,072 |
| Net income 1 | 14,423 | 14,450 | 16,933 | 17,392 | 17,072 | 18,427 | 21,161 | 23,973 |
| Net margin | 16.9% | 16.6% | 17.71% | 15.97% | 14.81% | 14.86% | 15.55% | 15.99% |
| EPS 2 | 8.140 | 8.150 | 9.550 | 9.810 | 9.610 | 10.38 | 11.94 | 13.54 |
| Free Cash Flow 1 | 12,648 | 11,962 | 18,035 | 14,282 | 9,793 | 15,732 | 16,133 | 21,222 |
| FCF margin | 14.82% | 13.74% | 18.86% | 13.12% | 8.49% | 12.6% | 11.85% | 14.15% |
| FCF Conversion (EBITDA) | 72.67% | 66.74% | 90.05% | 63.37% | 45.29% | 64.29% | 58.99% | 68.95% |
| FCF Conversion (Net income) | 87.69% | 82.78% | 106.51% | 82.12% | 57.37% | 83.31% | 76.24% | 88.53% |
| Dividend per Share 2 | 2.750 | 3.000 | 4.750 | 5.200 | 5.200 | 6.140 | 6.727 | 7.586 |
| Announcement Date | 5/2/19 | 5/27/20 | 5/7/21 | 5/5/22 | 5/4/23 | 5/2/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 28,264 | 34,437 |
| 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 | 4,595 | 7,158 |
| 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 | 5,964 |
| 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% | 17.32% |
| 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 | 6,983 |
| 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 | 3,476 | 5,421 |
| 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% | 15.74% |
| 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 | 1.966 | 3.100 |
| Dividend per Share 2 | - | 3.000 | - | 2.500 | - | 2.700 | - | - | - | 2.700 | - | - | - | 5.984 | - |
| Announcement Date | 1/29/21 | 5/7/21 | 8/3/21 | 11/2/21 | 2/2/22 | 5/5/22 | 8/4/22 | 10/26/22 | 2/2/23 | 5/4/23 | 8/3/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 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 | 56,162 | 64,877 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.0515 x | - | - | - |
| Free Cash Flow 1 | 12,648 | 11,962 | 18,035 | 14,282 | 9,793 | 15,732 | 16,133 | 21,222 |
| ROE (net income / shareholders' equity) | 25.4% | 23.6% | 23.6% | 23.5% | 19.7% | 20.1% | 20.3% | 21.1% |
| ROA (Net income/ Total Assets) | 16.8% | 16.2% | 16.8% | 15.6% | 13.2% | 12.7% | 12.7% | 13.2% |
| Assets 1 | 85,691 | 88,953 | 101,006 | 111,474 | 129,694 | 149,043 | 167,146 | 181,336 |
| Book Value Per Share 2 | 31.90 | 37.40 | 43.40 | 47.40 | 50.60 | 55.30 | 60.60 | 66.20 |
| Cash Flow per Share 2 | 8.460 | 9.100 | 11.90 | 10.20 | 8.380 | 11.80 | 13.70 | 14.20 |
| Capex 1 | 2,344 | 4,175 | 3,112 | 3,741 | 5,091 | 3,987 | 4,057 | 4,017 |
| Capex / Sales | 2.75% | 4.8% | 3.25% | 3.44% | 4.42% | 3.19% | 2.98% | 2.68% |
| Announcement Date | 5/2/19 | 5/27/20 | 5/7/21 | 5/5/22 | 5/4/23 | 5/2/24 | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
41
Last Close Price
545.1
INR
Average target price
598.2
INR
Spread / Average Target
+9.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.17% | 11.58B | |
| +12.28% | 388B | |
| +12.61% | 136B | |
| +16.62% | 76.27B | |
| -12.57% | 65.56B | |
| -15.65% | 44.23B | |
| -10.36% | 36.96B | |
| +6.37% | 35.04B | |
| +7.80% | 18.02B | |
| +12.30% | 15.57B |
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