Hindustan Unilever Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Home care: 36.0% • Beauty & Wellbeing: 22.8% • Foods: 21.4% • Personal Products: 14.6% • Other Operations: 3.3% • Discontinued Operations: 1.9%
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 28.8%
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.1%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.21x)
- Company has been maintaining a healthy dividend payout of 64.1%
CONS
- Stock is trading at 9.9x its book value
- Company has delivered a poor profit growth of 5.9% over past five years
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 6.5% over past five years
- Rich enterprise valuation - EV/EBITDA of 30.4x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HINDUNILVR | 2016.00 | 31.67 | 473677.60 | 2.03 | 2680.00 | -3.18 | 17341.00 | 6.24 | 28.98 | 22.76 |
| 2. | GODREJCP | 930.00 | 49.73 | 95167.36 | 2.15 | 504.52 | 11.51 | 4225.47 | 16.02 | 17.96 | 18.96 |
| 3. | DABUR | 398.50 | 35.85 | 70692.19 | 2.07 | 586.16 | 15.32 | 3764.39 | 10.57 | 21.37 | 19.68 |
| 4. | COLPAL | 1876.00 | 117.54 | 51024.50 | 2.56 | 3430.80 | 970.05 | 16033.00 | 1018.01 | 110.06 | 30.12 |
| 5. | CUPID | 284.30 | 278.28 | 38228.70 | 0.00 | 441.49 | 2841.89 | 1569.80 | 2524.64 | 17.04 | 39.70 |
| 6. | PGHH | 8238.40 | 0.00 | 26742.45 | 3.10 | 126.27 | -34.25 | 891.46 | -4.67 | 157.81 | 19.08 |
| 7. | GILLETTE | 7505.55 | 0.00 | 24457.00 | 3.20 | 159.45 | 9.44 | 783.02 | 10.80 | 90.62 | 29.09 |
| 8. | EMAMILTD | 400.80 | 23.38 | 17494.92 | 2.50 | 138.94 | -15.41 | 1039.21 | 14.95 | 29.54 | 21.61 |
| 9. | GALAXYSURF | 2361.50 | 23.66 | 8372.64 | 0.93 | 165.92 | 108.73 | 1781.90 | 39.44 | 13.39 | 13.99 |
| 10. | JYOTHYLAB | 207.80 | 20.60 | 7630.72 | 1.68 | 76.27 | -2.41 | 666.96 | 1.06 | 30.71 | 15.49 |
| 11. | SFL | 678.00 | 34.52 | 7403.98 | 0.15 | 62.34 | 770.67 | 1031.94 | 25.63 | 6.76 | 10.85 |
| 12. | SAFARI | 1481.95 | 43.99 | 7261.16 | 0.27 | 47.75 | -5.43 | 588.58 | 11.51 | 21.55 | 12.81 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15,267 | 15,364 | 15,294 | 15,041 | 15,523 | 15,729 | 15,353 | 14,985 | 16,323 | 16,061 | 16,235 | 16,207 | 17,341 | |
| 11,831 | 11,826 | 11,901 | 11,675 | 11,963 | 12,133 | 11,867 | 11,571 | 12,796 | 12,512 | 12,653 | 12,510 | 13,822 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 183 | 183 | 214 | 231 | 257 | 219 | 232 | 309 | 201 | 147 | 139 | 264 | 188 |
| Interest | 50 | 88 | 91 | 105 | 93 | 110 | 109 | 77 | 127 | 129 | 88 | 76 | 75 |
| Depreciation | 286 | 297 | 313 | 320 | 329 | 338 | 318 | 318 | 361 | 358 | 337 | 348 | 353 |
| 3,475 | 3,590 | 3,446 | 3,419 | 3,531 | 3,548 | 4,032 | 3,399 | 3,304 | 3,573 | 2,926 | 3,928 | 3,632 | |
| Tax % | 26.42% | 25.93% | 27.19% | 25.10% | 25.97% | 26.69% | 24.95% | 26.39% | 16.19% | 24.52% | 27.38% | 23.47% | 26.21% |
| Net Profit | 0 | 0 | 0 | 0 | 2,612 | 2,595 | 2,989 | 2,475 | 2,768 | 2,694 | 66,030 | 2,994 | 2,680 |
| 11 | 11 | 11 | 11 | 11 | 11 | 13 | 11 | 12 | 11 | 9 | 13 | 1 | |
| Equity Capital | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,504 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 | 235 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,504 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 15,267
- 11,831
- Operating Profit
- —
- OPM %
- —
- Other Income
- 183
- Interest
- 50
- Depreciation
- 286
- 3,475
- Tax %
- 26.42%
- Net Profit
- 0
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,364
- 11,826
- Operating Profit
- —
- OPM %
- —
- Other Income
- 183
- Interest
- 88
- Depreciation
- 297
- 3,590
- Tax %
- 25.93%
- Net Profit
- 0
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,294
- 11,901
- Operating Profit
- —
- OPM %
- —
- Other Income
- 214
- Interest
- 91
- Depreciation
- 313
- 3,446
- Tax %
- 27.19%
- Net Profit
- 0
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,041
- 11,675
- Operating Profit
- —
- OPM %
- —
- Other Income
- 231
- Interest
- 105
- Depreciation
- 320
- 3,419
- Tax %
- 25.10%
- Net Profit
- 0
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,523
- 11,963
- Operating Profit
- —
- OPM %
- —
- Other Income
- 257
- Interest
- 93
- Depreciation
- 329
- 3,531
- Tax %
- 25.97%
- Net Profit
- 2,612
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,729
- 12,133
- Operating Profit
- —
- OPM %
- —
- Other Income
- 219
- Interest
- 110
- Depreciation
- 338
- 3,548
- Tax %
- 26.69%
- Net Profit
- 2,595
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,353
- 11,867
- Operating Profit
- —
- OPM %
- —
- Other Income
- 232
- Interest
- 109
- Depreciation
- 318
- 4,032
- Tax %
- 24.95%
- Net Profit
- 2,989
- 13
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,985
- 11,571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 309
- Interest
- 77
- Depreciation
- 318
- 3,399
- Tax %
- 26.39%
- Net Profit
- 2,475
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,323
- 12,796
- Operating Profit
- —
- OPM %
- —
- Other Income
- 201
- Interest
- 127
- Depreciation
- 361
- 3,304
- Tax %
- 16.19%
- Net Profit
- 2,768
- 12
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,061
- 12,512
- Operating Profit
- —
- OPM %
- —
- Other Income
- 147
- Interest
- 129
- Depreciation
- 358
- 3,573
- Tax %
- 24.52%
- Net Profit
- 2,694
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,235
- 12,653
- Operating Profit
- —
- OPM %
- —
- Other Income
- 139
- Interest
- 88
- Depreciation
- 337
- 2,926
- Tax %
- 27.38%
- Net Profit
- 66,030
- 9
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 16,207
- 12,510
- Operating Profit
- —
- OPM %
- —
- Other Income
- 264
- Interest
- 76
- Depreciation
- 348
- 3,928
- Tax %
- 23.47%
- Net Profit
- 2,994
- 13
- Equity Capital
- 235
- Reserves
- 48,504
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 48,504
- Promoter Pledge %
- 0.00%
- 17,341
- 13,822
- Operating Profit
- —
- OPM %
- —
- Other Income
- 188
- Interest
- 75
- Depreciation
- 353
- 3,632
- Tax %
- 26.21%
- Net Profit
- 2,680
- 1
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 33,162 | 35,545 | 39,310 | 39,783 | 47,028 | 52,446 | 60,580 | 61,896 | 61,328 | 64,468 | 65,844 | |
| 26,822 | 28,046 | 30,430 | 29,922 | 35,402 | 39,589 | 46,431 | 47,233 | 46,622 | 49,414 | 51,497 | |
| Operating Profit | 6,709 | 7,883 | 9,430 | 10,493 | 12,036 | 13,115 | 14,661 | 15,474 | 15,723 | 15,805 | — |
| OPM % | 20 | 22 | 24 | 26 | 26 | 25 | 24 | 25 | 26 | 25 | — |
| Other Income | 369 | 384 | 550 | 632 | 410 | 258 | 512 | 811 | 1,017 | 751 | 738 |
| Interest | 35 | 26 | 33 | 118 | 117 | 106 | 114 | 334 | 381 | 410 | 368 |
| Depreciation | 432 | 520 | 565 | 1,002 | 1,074 | 1,091 | 1,138 | 1,216 | 1,253 | 1,333 | 1,396 |
| 6,479 | 7,304 | 8,604 | 9,173 | 10,606 | 11,874 | 13,344 | 13,926 | 14,428 | 13,812 | 14,059 | |
| Tax % | 31 | 28 | 30 | 26 | 25 | 25 | 24 | 26 | 26 | 23 | 25 |
| Net Profit | 4,502 | 5,225 | 6,060 | 6,764 | 8,000 | 8,887 | 10,143 | 10,282 | 10,680 | 10,652 | 10,508 |
| EPS | 21 | 24 | 28 | 31 | 34 | 38 | 43 | 44 | 45 | 64 | — |
| Dividend Payout % | 82 | 83 | 78 | 80 | 119 | 90 | 91 | 96 | 117 | 64 | — |
| Minority Interest | -14 | -13 | -6 | -8 | -4 | -13 | -23 | -5 | -22 | -19 | 7 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14 |
| Adjusted EPS | 21 | 24 | 28 | 31 | 34 | 38 | 43 | 44 | 45 | 64 | — |
| Minority Interest | -14 | -13 | -6 | -8 | -4 | -13 | -23 | -5 | -22 | -19 | 7 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14 |
| Adjusted EPS | 21 | 24 | 28 | 31 | 34 | 38 | 43 | 44 | 45 | 64 | — |
- 33,162
- 26,822
- Operating Profit
- 6,709
- OPM %
- 20
- Other Income
- 369
- Interest
- 35
- Depreciation
- 432
- 6,479
- Tax %
- 31
- Net Profit
- 4,502
- EPS
- 21
- Dividend Payout %
- 82
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 21
- 35,545
- 28,046
- Operating Profit
- 7,883
- OPM %
- 22
- Other Income
- 384
- Interest
- 26
- Depreciation
- 520
- 7,304
- Tax %
- 28
- Net Profit
- 5,225
- EPS
- 24
- Dividend Payout %
- 83
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 24
- 39,310
- 30,430
- Operating Profit
- 9,430
- OPM %
- 24
- Other Income
- 550
- Interest
- 33
- Depreciation
- 565
- 8,604
- Tax %
- 30
- Net Profit
- 6,060
- EPS
- 28
- Dividend Payout %
- 78
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 28
- 39,783
- 29,922
- Operating Profit
- 10,493
- OPM %
- 26
- Other Income
- 632
- Interest
- 118
- Depreciation
- 1,002
- 9,173
- Tax %
- 26
- Net Profit
- 6,764
- EPS
- 31
- Dividend Payout %
- 80
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 31
- 47,028
- 35,402
- Operating Profit
- 12,036
- OPM %
- 26
- Other Income
- 410
- Interest
- 117
- Depreciation
- 1,074
- 10,606
- Tax %
- 25
- Net Profit
- 8,000
- EPS
- 34
- Dividend Payout %
- 119
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 34
- 52,446
- 39,589
- Operating Profit
- 13,115
- OPM %
- 25
- Other Income
- 258
- Interest
- 106
- Depreciation
- 1,091
- 11,874
- Tax %
- 25
- Net Profit
- 8,887
- EPS
- 38
- Dividend Payout %
- 90
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 38
- 60,580
- 46,431
- Operating Profit
- 14,661
- OPM %
- 24
- Other Income
- 512
- Interest
- 114
- Depreciation
- 1,138
- 13,344
- Tax %
- 24
- Net Profit
- 10,143
- EPS
- 43
- Dividend Payout %
- 91
- Minority Interest
- -23
- Share of Associates
- 0
- Adjusted EPS
- 43
- Minority Interest
- -23
- Share of Associates
- 0
- Adjusted EPS
- 43
- 61,896
- 47,233
- Operating Profit
- 15,474
- OPM %
- 25
- Other Income
- 811
- Interest
- 334
- Depreciation
- 1,216
- 13,926
- Tax %
- 26
- Net Profit
- 10,282
- EPS
- 44
- Dividend Payout %
- 96
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 44
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 44
- 61,328
- 46,622
- Operating Profit
- 15,723
- OPM %
- 26
- Other Income
- 1,017
- Interest
- 381
- Depreciation
- 1,253
- 14,428
- Tax %
- 26
- Net Profit
- 10,680
- EPS
- 45
- Dividend Payout %
- 117
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 45
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 45
- 64,468
- 49,414
- Operating Profit
- 15,805
- OPM %
- 25
- Other Income
- 751
- Interest
- 410
- Depreciation
- 1,333
- 13,812
- Tax %
- 23
- Net Profit
- 10,652
- EPS
- 64
- Dividend Payout %
- 64
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 64
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 64
- 65,844
- 51,497
- Operating Profit
- —
- OPM %
- —
- Other Income
- 738
- Interest
- 368
- Depreciation
- 1,396
- 14,059
- Tax %
- 25
- Net Profit
- 10,508
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 7
- Share of Associates
- -14
- Adjusted EPS
- —
- Minority Interest
- 7
- Share of Associates
- -14
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 7%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 13%
- 3 Years:
- 14%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- -5%
- 3 Years:
- -8%
- 1 Year:
- -24%
RETURN ON EQUITY
- 10 Years:
- 44%
- 5 Years:
- 20%
- 3 Years:
- 21%
- Last Year:
- 22%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 216 | 216 | 216 | 216 | 235 | 235 | 235 | 235 | 235 | 235 |
| 6,499 | 7,036 | 7,627 | 7,998 | 47,434 | 48,826 | 50,069 | 50,983 | 49,156 | 48,477 | |
| 277 | 0 | 99 | 0 | 0 | 0 | 98 | 13 | 1 | 0 | |
| Trade Payables | 6,186 | 7,170 | 7,206 | 7,535 | 8,802 | 9,068 | 9,574 | 10,486 | 11,315 | 13,325 |
| 2,358 | 3,138 | 3,108 | 4,120 | 12,269 | 12,377 | 13,101 | 16,772 | 19,156 | 17,701 | |
| Total Liabilities | 15,536 | 17,560 | 18,256 | 19,869 | 68,740 | 70,506 | 73,077 | 78,489 | 79,863 | 79,738 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4,419 | 4,528 | 4,715 | 5,479 | 51,443 | 51,473 | 52,678 | 53,744 | 54,335 | 57,428 | |
| Capital Work in Progress | 229 | 461 | 406 | 597 | 745 | 1,313 | 1,132 | 1,025 | 1,009 | 880 |
| 3,794 | 2,873 | 2,716 | 1,255 | 2,709 | 3,521 | 2,882 | 4,625 | 3,810 | 4,359 | |
| 2,541 | 2,513 | 2,574 | 2,767 | 3,579 | 4,096 | 4,251 | 4,022 | 4,415 | 4,789 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,997 | 3,819 | 3,379 | |
| Cash & Bank | 1,828 | 3,485 | 3,757 | 5,113 | 4,471 | 3,846 | 4,678 | 7,559 | 7,554 | 3,248 |
| 2,725 | 3,700 | 4,088 | 4,658 | 5,793 | 6,257 | 7,456 | 4,517 | 4,921 | 5,655 | |
| Total Assets | 15,536 | 17,560 | 18,256 | 19,869 | 68,740 | 70,506 | 73,077 | 78,489 | 79,863 | 79,738 |
| Total Debt | 277 | 0 | 99 | 0 | 0 | 0 | 98 | 13 | 1 | 0 |
| Net Working Capital | 2,411 | 2,757 | 3,243 | 2,986 | 3,097 | 4,229 | 4,958 | 8,433 | 5,491 | 3,458 |
| Contingent Liabilities | 1,058 | 1,761 | 1,960 | 2,614 | 2,451 | 2,808 | 3,082 | 2,941 | 3,098 | 3,093 |
| Book Value per Share | 31.09 | 33.57 | 36.31 | 38.03 | 202.85 | 208.77 | 214.06 | 217.95 | 210.17 | 207.29 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 277 | 0 | 99 | 0 | 0 | 0 | 98 | 13 | 1 | 0 |
| Net Working Capital | 2,411 | 2,757 | 3,243 | 2,986 | 3,097 | 4,229 | 4,958 | 8,433 | 5,491 | 3,458 |
| Contingent Liabilities | 1,058 | 1,761 | 1,960 | 2,614 | 2,451 | 2,808 | 3,082 | 2,941 | 3,098 | 3,093 |
| Book Value per Share | 31.09 | 33.57 | 36.31 | 38.03 | 202.85 | 208.77 | 214.06 | 217.95 | 210.17 | 207.29 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 216
- 6,499
- 277
- Trade Payables
- 6,186
- 2,358
- Total Liabilities
- 15,536
- 4,419
- Capital Work in Progress
- 229
- 3,794
- 2,541
- 0
- Cash & Bank
- 1,828
- 2,725
- Total Assets
- 15,536
- Total Debt
- 277
- Net Working Capital
- 2,411
- Contingent Liabilities
- 1,058
- Book Value per Share
- 31.09
- Face Value
- 1.00
- Total Debt
- 277
- Net Working Capital
- 2,411
- Contingent Liabilities
- 1,058
- Book Value per Share
- 31.09
- Face Value
- 1.00
- Equity Capital
- 216
- 7,036
- 0
- Trade Payables
- 7,170
- 3,138
- Total Liabilities
- 17,560
- 4,528
- Capital Work in Progress
- 461
- 2,873
- 2,513
- 0
- Cash & Bank
- 3,485
- 3,700
- Total Assets
- 17,560
- Total Debt
- 0
- Net Working Capital
- 2,757
- Contingent Liabilities
- 1,761
- Book Value per Share
- 33.57
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,757
- Contingent Liabilities
- 1,761
- Book Value per Share
- 33.57
- Face Value
- 1.00
- Equity Capital
- 216
- 7,627
- 99
- Trade Payables
- 7,206
- 3,108
- Total Liabilities
- 18,256
- 4,715
- Capital Work in Progress
- 406
- 2,716
- 2,574
- 0
- Cash & Bank
- 3,757
- 4,088
- Total Assets
- 18,256
- Total Debt
- 99
- Net Working Capital
- 3,243
- Contingent Liabilities
- 1,960
- Book Value per Share
- 36.31
- Face Value
- 1.00
- Total Debt
- 99
- Net Working Capital
- 3,243
- Contingent Liabilities
- 1,960
- Book Value per Share
- 36.31
- Face Value
- 1.00
- Equity Capital
- 216
- 7,998
- 0
- Trade Payables
- 7,535
- 4,120
- Total Liabilities
- 19,869
- 5,479
- Capital Work in Progress
- 597
- 1,255
- 2,767
- 0
- Cash & Bank
- 5,113
- 4,658
- Total Assets
- 19,869
- Total Debt
- 0
- Net Working Capital
- 2,986
- Contingent Liabilities
- 2,614
- Book Value per Share
- 38.03
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,986
- Contingent Liabilities
- 2,614
- Book Value per Share
- 38.03
- Face Value
- 1.00
- Equity Capital
- 235
- 47,434
- 0
- Trade Payables
- 8,802
- 12,269
- Total Liabilities
- 68,740
- 51,443
- Capital Work in Progress
- 745
- 2,709
- 3,579
- 0
- Cash & Bank
- 4,471
- 5,793
- Total Assets
- 68,740
- Total Debt
- 0
- Net Working Capital
- 3,097
- Contingent Liabilities
- 2,451
- Book Value per Share
- 202.85
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 3,097
- Contingent Liabilities
- 2,451
- Book Value per Share
- 202.85
- Face Value
- 1.00
- Equity Capital
- 235
- 48,826
- 0
- Trade Payables
- 9,068
- 12,377
- Total Liabilities
- 70,506
- 51,473
- Capital Work in Progress
- 1,313
- 3,521
- 4,096
- 0
- Cash & Bank
- 3,846
- 6,257
- Total Assets
- 70,506
- Total Debt
- 0
- Net Working Capital
- 4,229
- Contingent Liabilities
- 2,808
- Book Value per Share
- 208.77
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 4,229
- Contingent Liabilities
- 2,808
- Book Value per Share
- 208.77
- Face Value
- 1.00
- Equity Capital
- 235
- 50,069
- 98
- Trade Payables
- 9,574
- 13,101
- Total Liabilities
- 73,077
- 52,678
- Capital Work in Progress
- 1,132
- 2,882
- 4,251
- 0
- Cash & Bank
- 4,678
- 7,456
- Total Assets
- 73,077
- Total Debt
- 98
- Net Working Capital
- 4,958
- Contingent Liabilities
- 3,082
- Book Value per Share
- 214.06
- Face Value
- 1.00
- Total Debt
- 98
- Net Working Capital
- 4,958
- Contingent Liabilities
- 3,082
- Book Value per Share
- 214.06
- Face Value
- 1.00
- Equity Capital
- 235
- 50,983
- 13
- Trade Payables
- 10,486
- 16,772
- Total Liabilities
- 78,489
- 53,744
- Capital Work in Progress
- 1,025
- 4,625
- 4,022
- 2,997
- Cash & Bank
- 7,559
- 4,517
- Total Assets
- 78,489
- Total Debt
- 13
- Net Working Capital
- 8,433
- Contingent Liabilities
- 2,941
- Book Value per Share
- 217.95
- Face Value
- 1.00
- Total Debt
- 13
- Net Working Capital
- 8,433
- Contingent Liabilities
- 2,941
- Book Value per Share
- 217.95
- Face Value
- 1.00
- Equity Capital
- 235
- 49,156
- 1
- Trade Payables
- 11,315
- 19,156
- Total Liabilities
- 79,863
- 54,335
- Capital Work in Progress
- 1,009
- 3,810
- 4,415
- 3,819
- Cash & Bank
- 7,554
- 4,921
- Total Assets
- 79,863
- Total Debt
- 1
- Net Working Capital
- 5,491
- Contingent Liabilities
- 3,098
- Book Value per Share
- 210.17
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 5,491
- Contingent Liabilities
- 3,098
- Book Value per Share
- 210.17
- Face Value
- 1.00
- Equity Capital
- 235
- 48,477
- 0
- Trade Payables
- 13,325
- 17,701
- Total Liabilities
- 79,738
- 57,428
- Capital Work in Progress
- 880
- 4,359
- 4,789
- 3,379
- Cash & Bank
- 3,248
- 5,655
- Total Assets
- 79,738
- Total Debt
- 0
- Net Working Capital
- 3,458
- Contingent Liabilities
- 3,093
- Book Value per Share
- 207.29
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 3,458
- Contingent Liabilities
- 3,093
- Book Value per Share
- 207.29
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5,185 | 6,059 | 5,800 | 7,623 | 9,163 | 9,048 | 9,991 | 15,469 | 11,886 | 10,999 | |
| Cash from Investing | -1,173 | -1,063 | -438 | 1,791 | -1,528 | -1,728 | -1,494 | -5,324 | 6,473 | -3,684 |
| Cash from Financing | -4,214 | -4,975 | -5,390 | -6,819 | -9,309 | -8,015 | -8,953 | -10,034 | -13,101 | -10,810 |
| -202 | 21 | -28 | 2,595 | -1,674 | -695 | -456 | 111 | 5,258 | -3,495 | |
| Free Cash Flow | 5,185 | 5,246 | 5,148 | 5,912 | -37,930 | 7,826 | 8,186 | 13,689 | 10,588 | 7,880 |
| OCF / Net Profit | 1.15 | 1.16 | 0.96 | 1.13 | 1.15 | 1.02 | 0.99 | 1.50 | 1.11 | 1.03 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -16,439 | -13,798 | -10,858 | -2,317 | 2,359 | 48,169 |
| OCF / Net Profit | 1.15 | 1.16 | 0.96 | 1.13 | 1.15 | 1.02 | 0.99 | 1.50 | 1.11 | 1.03 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -16,439 | -13,798 | -10,858 | -2,317 | 2,359 | 48,169 |
- 5,185
- Cash from Investing
- -1,173
- Cash from Financing
- -4,214
- -202
- Free Cash Flow
- 5,185
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
- 6,059
- Cash from Investing
- -1,063
- Cash from Financing
- -4,975
- 21
- Free Cash Flow
- 5,246
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- 5,800
- Cash from Investing
- -438
- Cash from Financing
- -5,390
- -28
- Free Cash Flow
- 5,148
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
- 7,623
- Cash from Investing
- 1,791
- Cash from Financing
- -6,819
- 2,595
- Free Cash Flow
- 5,912
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- 9,163
- Cash from Investing
- -1,528
- Cash from Financing
- -9,309
- -1,674
- Free Cash Flow
- -37,930
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- -16,439
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- -16,439
- 9,048
- Cash from Investing
- -1,728
- Cash from Financing
- -8,015
- -695
- Free Cash Flow
- 7,826
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -13,798
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -13,798
- 9,991
- Cash from Investing
- -1,494
- Cash from Financing
- -8,953
- -456
- Free Cash Flow
- 8,186
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- -10,858
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- -10,858
- 15,469
- Cash from Investing
- -5,324
- Cash from Financing
- -10,034
- 111
- Free Cash Flow
- 13,689
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- -2,317
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- -2,317
- 11,886
- Cash from Investing
- 6,473
- Cash from Financing
- -13,101
- 5,258
- Free Cash Flow
- 10,588
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 2,359
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 2,359
- 10,999
- Cash from Investing
- -3,684
- Cash from Financing
- -10,810
- -3,495
- Free Cash Flow
- 7,880
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 48,169
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 48,169
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.72 | 24.14 | 28.03 | 31.24 | 34.02 | 37.78 | 43.06 | 43.73 | 45.31 | 64.00 |
| Book Value (₹) | 31.09 | 33.57 | 36.31 | 38.03 | 202.85 | 208.77 | 214.06 | 217.95 | 210.17 | 207.29 |
| Dividend per Share (₹) | 17.00 | 20.00 | 22.00 | 25.00 | 40.50 | 34.00 | 39.00 | 42.00 | 53.00 | 41.00 |
| Cash EPS (₹) | 22.84 | 26.60 | 30.67 | 35.95 | 38.61 | 42.46 | 48.00 | 48.93 | 50.78 | 51.00 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 18.76% | 19.13% | 21.14% | 22.94% | 22.86% | 22.52% | 21.64% | 20.80% | 20.69% | 19.70% |
| Net Margin % | 12.59% | 12.68% | 13.59% | 14.79% | 15.19% | 15.26% | 14.97% | 14.59% | 15.03% | 13.94% |
| ROE % | 67.98% | 74.82% | 80.29% | 84.25% | 28.63% | 18.37% | 20.42% | 20.26% | 21.23% | 21.72% |
| ROCE % | 94.60% | 102.50% | 113.29% | 114.74% | 38.36% | 24.77% | 27.06% | 28.06% | 29.43% | 28.98% |
| 29.85% | 31.57% | 33.84% | 35.48% | 18.06% | 12.76% | 14.13% | 13.57% | 13.49% | 13.35% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 12 | 11 | 13 | 12 | 10 | 13 | 14 | 16 | 18 | 17 |
| Inventory Days | 27 | 22 | 21 | 21 | 22 | 24 | 22 | 21 | 22 | 22 |
| Payable Days | 150 | 167 | 163 | 171 | 149 | 141 | 119 | 135 | 148 | 147 |
| -111 | -134 | -130 | -137 | -117 | -104 | -82 | -98 | -109 | -108 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.04x | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 186.11x | 281.92x | 261.73x | 78.74x | 91.65x | 113.02x | 118.05x | 42.69x | 38.87x | 34.69x |
| 1.31x | 1.31x | 1.37x | 1.32x | 1.28x | 1.37x | 1.41x | 1.65x | 1.33x | 1.22x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 3.03% | 7.19% | 10.59% | 1.20% | 18.21% | 11.52% | 15.51% | 2.17% | -0.92% | 5.12% |
| Operating Profit Growth % | 4.13% | 17.50% | 19.62% | 11.27% | 14.71% | 8.96% | 11.79% | 5.55% | 1.61% | 0.52% |
| Net Profit Growth % | 8.27% | 16.06% | 15.98% | 11.62% | 18.27% | 11.09% | 14.13% | 1.37% | 3.87% | -0.26% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.55% | 3.62% | 41.23% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 51.87x | 49.86x | 32.12x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.41x | 10.75x | 9.92x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.85% | 2.35% | 1.99% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 33.96x | 33.29x | 30.36x |
- EPS (₹)
- 20.72
- Book Value (₹)
- 31.09
- Dividend per Share (₹)
- 17.00
- Cash EPS (₹)
- 22.84
- Operating Margin %
- 18.76%
- Net Margin %
- 12.59%
- ROE %
- 67.98%
- ROCE %
- 94.60%
- 29.85%
- Debtor Days
- 12
- Inventory Days
- 27
- Payable Days
- 150
- -111
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 186.11x
- 1.31x
- Revenue Growth %
- 3.03%
- Operating Profit Growth %
- 4.13%
- Net Profit Growth %
- 8.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.14
- Book Value (₹)
- 33.57
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 26.60
- Operating Margin %
- 19.13%
- Net Margin %
- 12.68%
- ROE %
- 74.82%
- ROCE %
- 102.50%
- 31.57%
- Debtor Days
- 11
- Inventory Days
- 22
- Payable Days
- 167
- -134
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 281.92x
- 1.31x
- Revenue Growth %
- 7.19%
- Operating Profit Growth %
- 17.50%
- Net Profit Growth %
- 16.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 28.03
- Book Value (₹)
- 36.31
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 30.67
- Operating Margin %
- 21.14%
- Net Margin %
- 13.59%
- ROE %
- 80.29%
- ROCE %
- 113.29%
- 33.84%
- Debtor Days
- 13
- Inventory Days
- 21
- Payable Days
- 163
- -130
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 261.73x
- 1.37x
- Revenue Growth %
- 10.59%
- Operating Profit Growth %
- 19.62%
- Net Profit Growth %
- 15.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 31.24
- Book Value (₹)
- 38.03
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 35.95
- Operating Margin %
- 22.94%
- Net Margin %
- 14.79%
- ROE %
- 84.25%
- ROCE %
- 114.74%
- 35.48%
- Debtor Days
- 12
- Inventory Days
- 21
- Payable Days
- 171
- -137
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 78.74x
- 1.32x
- Revenue Growth %
- 1.20%
- Operating Profit Growth %
- 11.27%
- Net Profit Growth %
- 11.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 34.02
- Book Value (₹)
- 202.85
- Dividend per Share (₹)
- 40.50
- Cash EPS (₹)
- 38.61
- Operating Margin %
- 22.86%
- Net Margin %
- 15.19%
- ROE %
- 28.63%
- ROCE %
- 38.36%
- 18.06%
- Debtor Days
- 10
- Inventory Days
- 22
- Payable Days
- 149
- -117
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 91.65x
- 1.28x
- Revenue Growth %
- 18.21%
- Operating Profit Growth %
- 14.71%
- Net Profit Growth %
- 18.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 37.78
- Book Value (₹)
- 208.77
- Dividend per Share (₹)
- 34.00
- Cash EPS (₹)
- 42.46
- Operating Margin %
- 22.52%
- Net Margin %
- 15.26%
- ROE %
- 18.37%
- ROCE %
- 24.77%
- 12.76%
- Debtor Days
- 13
- Inventory Days
- 24
- Payable Days
- 141
- -104
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 113.02x
- 1.37x
- Revenue Growth %
- 11.52%
- Operating Profit Growth %
- 8.96%
- Net Profit Growth %
- 11.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 43.06
- Book Value (₹)
- 214.06
- Dividend per Share (₹)
- 39.00
- Cash EPS (₹)
- 48.00
- Operating Margin %
- 21.64%
- Net Margin %
- 14.97%
- ROE %
- 20.42%
- ROCE %
- 27.06%
- 14.13%
- Debtor Days
- 14
- Inventory Days
- 22
- Payable Days
- 119
- -82
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 118.05x
- 1.41x
- Revenue Growth %
- 15.51%
- Operating Profit Growth %
- 11.79%
- Net Profit Growth %
- 14.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 43.73
- Book Value (₹)
- 217.95
- Dividend per Share (₹)
- 42.00
- Cash EPS (₹)
- 48.93
- Operating Margin %
- 20.80%
- Net Margin %
- 14.59%
- ROE %
- 20.26%
- ROCE %
- 28.06%
- 13.57%
- Debtor Days
- 16
- Inventory Days
- 21
- Payable Days
- 135
- -98
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 42.69x
- 1.65x
- Revenue Growth %
- 2.17%
- Operating Profit Growth %
- 5.55%
- Net Profit Growth %
- 1.37%
- 1.55%
- P/E (x)
- 51.87x
- P/B (x)
- 10.41x
- Dividend Yield %
- 1.85%
- 33.96x
- EPS (₹)
- 45.31
- Book Value (₹)
- 210.17
- Dividend per Share (₹)
- 53.00
- Cash EPS (₹)
- 50.78
- Operating Margin %
- 20.69%
- Net Margin %
- 15.03%
- ROE %
- 21.23%
- ROCE %
- 29.43%
- 13.49%
- Debtor Days
- 18
- Inventory Days
- 22
- Payable Days
- 148
- -109
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 38.87x
- 1.33x
- Revenue Growth %
- -0.92%
- Operating Profit Growth %
- 1.61%
- Net Profit Growth %
- 3.87%
- 3.62%
- P/E (x)
- 49.86x
- P/B (x)
- 10.75x
- Dividend Yield %
- 2.35%
- 33.29x
- EPS (₹)
- 64.00
- Book Value (₹)
- 207.29
- Dividend per Share (₹)
- 41.00
- Cash EPS (₹)
- 51.00
- Operating Margin %
- 19.70%
- Net Margin %
- 13.94%
- ROE %
- 21.72%
- ROCE %
- 28.98%
- 13.35%
- Debtor Days
- 17
- Inventory Days
- 22
- Payable Days
- 147
- -108
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 34.69x
- 1.22x
- Revenue Growth %
- 5.12%
- Operating Profit Growth %
- 0.52%
- Net Profit Growth %
- -0.26%
- 41.23%
- P/E (x)
- 32.12x
- P/B (x)
- 9.92x
- Dividend Yield %
- 1.99%
- 30.36x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Schedule of Analyst/Investor Meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-04 - Transcript of the Earnings Conference Call for the quarter ended 30th June, 2026
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jul 2026
May 2026

