Hindustan Unilever Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Home Care: 38.2% • Foods: 22.7% • Beauty & Wellbeing: 22.1% • Personal Products: 15.4% • Other Operations: 1.6%
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 21.2%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.16x)
- Working capital cycle has improved - days down from 27 to 13
- Company has a consistent dividend-paying track record
CONS
- Stock is trading at 9.8x its book value
- Company has delivered a poor profit growth of 6.7% over past five years
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 6.1% over past five years
- Expensive relative to growth - PEG of 12.8
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14,931 | 15,027 | 14,928 | 14,693 | 15,166 | 15,319 | 14,958 | 14,539 | 15,747 | 15,418 | 15,614 | 15,599 | 16,657 | |
| 11,627 | 11,582 | 11,648 | 11,422 | 11,733 | 11,861 | 11,582 | 11,268 | 12,373 | 12,022 | 12,165 | 12,008 | 13,267 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 185 | 283 | 285 | 220 | 257 | 309 | 312 | 299 | 247 | 228 | 221 | 263 | 233 |
| Interest | 47 | 72 | 81 | 102 | 85 | 99 | 102 | 72 | 110 | 111 | 84 | 68 | 64 |
| Depreciation | 257 | 269 | 282 | 289 | 298 | 305 | 285 | 284 | 324 | 324 | 299 | 310 | 314 |
| 3,365 | 3,631 | 3,432 | 3,247 | 3,432 | 3,536 | 4,029 | 3,390 | 3,244 | 3,540 | 3,366 | 3,834 | 3,548 | |
| Tax % | 26.54% | 25.17% | 26.60% | 25.90% | 26.05% | 26.13% | 24.57% | 25.69% | 15.78% | 24.01% | 23.05% | 23.37% | 25.85% |
| Net Profit | 2,472 | 2,717 | 2,519 | 2,406 | 2,538 | 2,612 | 3,039 | 2,519 | 2,732 | 2,690 | 2,590 | 2,938 | 2,631 |
| 11 | 12 | 11 | 10 | 11 | 11 | 13 | 11 | 12 | 11 | 11 | 12 | 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 | 48,988 | 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 | 48,988 | 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% |
- 14,931
- 11,627
- Operating Profit
- —
- OPM %
- —
- Other Income
- 185
- Interest
- 47
- Depreciation
- 257
- 3,365
- Tax %
- 26.54%
- Net Profit
- 2,472
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,027
- 11,582
- Operating Profit
- —
- OPM %
- —
- Other Income
- 283
- Interest
- 72
- Depreciation
- 269
- 3,631
- Tax %
- 25.17%
- Net Profit
- 2,717
- 12
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,928
- 11,648
- Operating Profit
- —
- OPM %
- —
- Other Income
- 285
- Interest
- 81
- Depreciation
- 282
- 3,432
- Tax %
- 26.60%
- Net Profit
- 2,519
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,693
- 11,422
- Operating Profit
- —
- OPM %
- —
- Other Income
- 220
- Interest
- 102
- Depreciation
- 289
- 3,247
- Tax %
- 25.90%
- Net Profit
- 2,406
- 10
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,166
- 11,733
- Operating Profit
- —
- OPM %
- —
- Other Income
- 257
- Interest
- 85
- Depreciation
- 298
- 3,432
- Tax %
- 26.05%
- Net Profit
- 2,538
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,319
- 11,861
- Operating Profit
- —
- OPM %
- —
- Other Income
- 309
- Interest
- 99
- Depreciation
- 305
- 3,536
- Tax %
- 26.13%
- Net Profit
- 2,612
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,958
- 11,582
- Operating Profit
- —
- OPM %
- —
- Other Income
- 312
- Interest
- 102
- Depreciation
- 285
- 4,029
- Tax %
- 24.57%
- Net Profit
- 3,039
- 13
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,539
- 11,268
- Operating Profit
- —
- OPM %
- —
- Other Income
- 299
- Interest
- 72
- Depreciation
- 284
- 3,390
- Tax %
- 25.69%
- Net Profit
- 2,519
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,747
- 12,373
- Operating Profit
- —
- OPM %
- —
- Other Income
- 247
- Interest
- 110
- Depreciation
- 324
- 3,244
- Tax %
- 15.78%
- Net Profit
- 2,732
- 12
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,418
- 12,022
- Operating Profit
- —
- OPM %
- —
- Other Income
- 228
- Interest
- 111
- Depreciation
- 324
- 3,540
- Tax %
- 24.01%
- Net Profit
- 2,690
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,614
- 12,165
- Operating Profit
- —
- OPM %
- —
- Other Income
- 221
- Interest
- 84
- Depreciation
- 299
- 3,366
- Tax %
- 23.05%
- Net Profit
- 2,590
- 11
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,599
- 12,008
- Operating Profit
- —
- OPM %
- —
- Other Income
- 263
- Interest
- 68
- Depreciation
- 310
- 3,834
- Tax %
- 23.37%
- Net Profit
- 2,938
- 12
- Equity Capital
- 235
- Reserves
- 48,988
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 48,988
- Promoter Pledge %
- 0.00%
- 16,657
- 13,267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 233
- Interest
- 64
- Depreciation
- 314
- 3,548
- Tax %
- 25.85%
- Net Profit
- 2,631
- 1
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 235
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 31,890 | 34,525 | 38,224 | 38,785 | 45,996 | 51,193 | 59,144 | 60,469 | 59,676 | 61,975 | 63,288 | |
| 25,843 | 27,249 | 29,587 | 29,185 | 34,672 | 38,690 | 45,512 | 46,279 | 45,532 | 47,511 | 49,462 | |
| Operating Profit | 6,573 | 7,845 | 9,301 | 10,333 | 11,837 | 12,896 | 14,272 | 15,163 | 15,321 | 15,423 | — |
| OPM % | 21 | 23 | 24 | 27 | 26 | 25 | 24 | 25 | 26 | 25 | — |
| Other Income | 526 | 569 | 664 | 733 | 513 | 393 | 640 | 973 | 1,177 | 959 | 945 |
| Interest | 22 | 20 | 28 | 106 | 108 | 98 | 101 | 302 | 350 | 363 | 327 |
| Depreciation | 396 | 478 | 524 | 938 | 1,012 | 1,025 | 1,030 | 1,097 | 1,122 | 1,186 | 1,247 |
| 6,396 | 7,285 | 8,522 | 9,092 | 10,490 | 11,739 | 13,079 | 13,675 | 14,313 | 14,080 | 14,288 | |
| Tax % | 30 | 28 | 29 | 26 | 24 | 25 | 24 | 26 | 26 | 22 | 24 |
| Net Profit | 4,490 | 5,237 | 6,036 | 6,738 | 7,954 | 8,818 | 9,962 | 10,114 | 10,653 | 11,020 | 10,849 |
| EPS | 21 | 24 | 28 | 31 | 34 | 38 | 42 | 43 | 45 | 47 | — |
| Dividend Payout % | 82 | 82 | 79 | 80 | 120 | 91 | 92 | 98 | 117 | 87 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 21 | 24 | 28 | 31 | 34 | 38 | 42 | 43 | 45 | 47 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 21 | 24 | 28 | 31 | 34 | 38 | 42 | 43 | 45 | 47 | — |
- 31,890
- 25,843
- Operating Profit
- 6,573
- OPM %
- 21
- Other Income
- 526
- Interest
- 22
- Depreciation
- 396
- 6,396
- Tax %
- 30
- Net Profit
- 4,490
- EPS
- 21
- Dividend Payout %
- 82
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- 34,525
- 27,249
- Operating Profit
- 7,845
- OPM %
- 23
- Other Income
- 569
- Interest
- 20
- Depreciation
- 478
- 7,285
- Tax %
- 28
- Net Profit
- 5,237
- EPS
- 24
- Dividend Payout %
- 82
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- 38,224
- 29,587
- Operating Profit
- 9,301
- OPM %
- 24
- Other Income
- 664
- Interest
- 28
- Depreciation
- 524
- 8,522
- Tax %
- 29
- Net Profit
- 6,036
- EPS
- 28
- Dividend Payout %
- 79
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
- 38,785
- 29,185
- Operating Profit
- 10,333
- OPM %
- 27
- Other Income
- 733
- Interest
- 106
- Depreciation
- 938
- 9,092
- Tax %
- 26
- Net Profit
- 6,738
- EPS
- 31
- Dividend Payout %
- 80
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- 45,996
- 34,672
- Operating Profit
- 11,837
- OPM %
- 26
- Other Income
- 513
- Interest
- 108
- Depreciation
- 1,012
- 10,490
- Tax %
- 24
- Net Profit
- 7,954
- EPS
- 34
- Dividend Payout %
- 120
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- 51,193
- 38,690
- Operating Profit
- 12,896
- OPM %
- 25
- Other Income
- 393
- Interest
- 98
- Depreciation
- 1,025
- 11,739
- Tax %
- 25
- Net Profit
- 8,818
- EPS
- 38
- Dividend Payout %
- 91
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- 59,144
- 45,512
- Operating Profit
- 14,272
- OPM %
- 24
- Other Income
- 640
- Interest
- 101
- Depreciation
- 1,030
- 13,079
- Tax %
- 24
- Net Profit
- 9,962
- EPS
- 42
- Dividend Payout %
- 92
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- 60,469
- 46,279
- Operating Profit
- 15,163
- OPM %
- 25
- Other Income
- 973
- Interest
- 302
- Depreciation
- 1,097
- 13,675
- Tax %
- 26
- Net Profit
- 10,114
- EPS
- 43
- Dividend Payout %
- 98
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
- 59,676
- 45,532
- Operating Profit
- 15,321
- OPM %
- 26
- Other Income
- 1,177
- Interest
- 350
- Depreciation
- 1,122
- 14,313
- Tax %
- 26
- Net Profit
- 10,653
- EPS
- 45
- Dividend Payout %
- 117
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 45
- 61,975
- 47,511
- Operating Profit
- 15,423
- OPM %
- 25
- Other Income
- 959
- Interest
- 363
- Depreciation
- 1,186
- 14,080
- Tax %
- 22
- Net Profit
- 11,020
- EPS
- 47
- Dividend Payout %
- 87
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 47
- 63,288
- 49,462
- Operating Profit
- —
- OPM %
- —
- Other Income
- 945
- Interest
- 327
- Depreciation
- 1,247
- 14,288
- Tax %
- 24
- Net Profit
- 10,849
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 6%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 16%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- -5%
- 3 Years:
- -8%
- 1 Year:
- -24%
RETURN ON EQUITY
- 10 Years:
- 45%
- 5 Years:
- 20%
- 3 Years:
- 21%
- Last Year:
- 22%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 6,244 | 6,829 | 7,418 | 7,799 | 47,194 | 48,525 | 49,986 | 50,738 | 48,907 | 48,961 | |
| Trade Payables | 6,006 | 7,013 | 7,070 | 7,399 | 8,627 | 8,864 | 9,391 | 10,148 | 10,998 | 12,913 |
| 2,125 | 2,836 | 2,822 | 3,927 | 12,060 | 12,113 | 12,213 | 15,955 | 18,173 | 15,873 | |
| Total Liabilities | 14,591 | 16,894 | 17,526 | 19,341 | 68,116 | 69,737 | 71,825 | 77,076 | 78,313 | 77,982 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4,024 | 4,142 | 4,343 | 5,056 | 51,027 | 51,034 | 51,405 | 52,379 | 52,907 | 52,419 | |
| Capital Work in Progress | 203 | 430 | 373 | 513 | 623 | 901 | 1,020 | 915 | 956 | 833 |
| 3,779 | 3,111 | 2,949 | 1,500 | 2,995 | 4,122 | 3,794 | 5,493 | 4,602 | 8,879 | |
| 2,362 | 2,359 | 2,422 | 2,636 | 3,383 | 3,890 | 4,031 | 3,812 | 4,161 | 4,383 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,690 | 3,450 | 3,037 | |
| Cash & Bank | 1,671 | 3,373 | 3,688 | 5,017 | 4,321 | 3,618 | 4,422 | 7,216 | 7,293 | 2,830 |
| 2,552 | 3,479 | 3,751 | 4,619 | 5,767 | 6,172 | 7,153 | 4,571 | 4,944 | 5,601 | |
| Total Assets | 14,591 | 16,894 | 17,526 | 19,341 | 68,116 | 69,737 | 71,825 | 77,076 | 78,313 | 77,982 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 2,091 | 2,487 | 3,017 | 2,786 | 2,782 | 3,690 | 4,410 | 7,881 | 5,204 | 2,572 |
| Contingent Liabilities | 987 | 1,539 | 1,726 | 2,260 | 2,086 | 2,321 | 2,577 | 2,422 | 2,446 | 2,266 |
| Book Value per Share | 29.91 | 32.62 | 35.34 | 37.11 | 201.83 | 207.49 | 213.71 | 216.91 | 209.11 | 209.34 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 2,091 | 2,487 | 3,017 | 2,786 | 2,782 | 3,690 | 4,410 | 7,881 | 5,204 | 2,572 |
| Contingent Liabilities | 987 | 1,539 | 1,726 | 2,260 | 2,086 | 2,321 | 2,577 | 2,422 | 2,446 | 2,266 |
| Book Value per Share | 29.91 | 32.62 | 35.34 | 37.11 | 201.83 | 207.49 | 213.71 | 216.91 | 209.11 | 209.34 |
| 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
- 6,244
- Trade Payables
- 6,006
- 2,125
- Total Liabilities
- 14,591
- 4,024
- Capital Work in Progress
- 203
- 3,779
- 2,362
- 0
- Cash & Bank
- 1,671
- 2,552
- Total Assets
- 14,591
- Total Debt
- 0
- Net Working Capital
- 2,091
- Contingent Liabilities
- 987
- Book Value per Share
- 29.91
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,091
- Contingent Liabilities
- 987
- Book Value per Share
- 29.91
- Face Value
- 1.00
- Equity Capital
- 216
- 6,829
- Trade Payables
- 7,013
- 2,836
- Total Liabilities
- 16,894
- 4,142
- Capital Work in Progress
- 430
- 3,111
- 2,359
- 0
- Cash & Bank
- 3,373
- 3,479
- Total Assets
- 16,894
- Total Debt
- 0
- Net Working Capital
- 2,487
- Contingent Liabilities
- 1,539
- Book Value per Share
- 32.62
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,487
- Contingent Liabilities
- 1,539
- Book Value per Share
- 32.62
- Face Value
- 1.00
- Equity Capital
- 216
- 7,418
- Trade Payables
- 7,070
- 2,822
- Total Liabilities
- 17,526
- 4,343
- Capital Work in Progress
- 373
- 2,949
- 2,422
- 0
- Cash & Bank
- 3,688
- 3,751
- Total Assets
- 17,526
- Total Debt
- 0
- Net Working Capital
- 3,017
- Contingent Liabilities
- 1,726
- Book Value per Share
- 35.34
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 3,017
- Contingent Liabilities
- 1,726
- Book Value per Share
- 35.34
- Face Value
- 1.00
- Equity Capital
- 216
- 7,799
- Trade Payables
- 7,399
- 3,927
- Total Liabilities
- 19,341
- 5,056
- Capital Work in Progress
- 513
- 1,500
- 2,636
- 0
- Cash & Bank
- 5,017
- 4,619
- Total Assets
- 19,341
- Total Debt
- 0
- Net Working Capital
- 2,786
- Contingent Liabilities
- 2,260
- Book Value per Share
- 37.11
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,786
- Contingent Liabilities
- 2,260
- Book Value per Share
- 37.11
- Face Value
- 1.00
- Equity Capital
- 235
- 47,194
- Trade Payables
- 8,627
- 12,060
- Total Liabilities
- 68,116
- 51,027
- Capital Work in Progress
- 623
- 2,995
- 3,383
- 0
- Cash & Bank
- 4,321
- 5,767
- Total Assets
- 68,116
- Total Debt
- 0
- Net Working Capital
- 2,782
- Contingent Liabilities
- 2,086
- Book Value per Share
- 201.83
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,782
- Contingent Liabilities
- 2,086
- Book Value per Share
- 201.83
- Face Value
- 1.00
- Equity Capital
- 235
- 48,525
- Trade Payables
- 8,864
- 12,113
- Total Liabilities
- 69,737
- 51,034
- Capital Work in Progress
- 901
- 4,122
- 3,890
- 0
- Cash & Bank
- 3,618
- 6,172
- Total Assets
- 69,737
- Total Debt
- 0
- Net Working Capital
- 3,690
- Contingent Liabilities
- 2,321
- Book Value per Share
- 207.49
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 3,690
- Contingent Liabilities
- 2,321
- Book Value per Share
- 207.49
- Face Value
- 1.00
- Equity Capital
- 235
- 49,986
- Trade Payables
- 9,391
- 12,213
- Total Liabilities
- 71,825
- 51,405
- Capital Work in Progress
- 1,020
- 3,794
- 4,031
- 0
- Cash & Bank
- 4,422
- 7,153
- Total Assets
- 71,825
- Total Debt
- 0
- Net Working Capital
- 4,410
- Contingent Liabilities
- 2,577
- Book Value per Share
- 213.71
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 4,410
- Contingent Liabilities
- 2,577
- Book Value per Share
- 213.71
- Face Value
- 1.00
- Equity Capital
- 235
- 50,738
- Trade Payables
- 10,148
- 15,955
- Total Liabilities
- 77,076
- 52,379
- Capital Work in Progress
- 915
- 5,493
- 3,812
- 2,690
- Cash & Bank
- 7,216
- 4,571
- Total Assets
- 77,076
- Total Debt
- 0
- Net Working Capital
- 7,881
- Contingent Liabilities
- 2,422
- Book Value per Share
- 216.91
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 7,881
- Contingent Liabilities
- 2,422
- Book Value per Share
- 216.91
- Face Value
- 1.00
- Equity Capital
- 235
- 48,907
- Trade Payables
- 10,998
- 18,173
- Total Liabilities
- 78,313
- 52,907
- Capital Work in Progress
- 956
- 4,602
- 4,161
- 3,450
- Cash & Bank
- 7,293
- 4,944
- Total Assets
- 78,313
- Total Debt
- 0
- Net Working Capital
- 5,204
- Contingent Liabilities
- 2,446
- Book Value per Share
- 209.11
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 5,204
- Contingent Liabilities
- 2,446
- Book Value per Share
- 209.11
- Face Value
- 1.00
- Equity Capital
- 235
- 48,961
- Trade Payables
- 12,913
- 15,873
- Total Liabilities
- 77,982
- 52,419
- Capital Work in Progress
- 833
- 8,879
- 4,383
- 3,037
- Cash & Bank
- 2,830
- 5,601
- Total Assets
- 77,982
- Total Debt
- 0
- Net Working Capital
- 2,572
- Contingent Liabilities
- 2,266
- Book Value per Share
- 209.34
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,572
- Contingent Liabilities
- 2,266
- Book Value per Share
- 209.34
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4,953 | 5,913 | 5,728 | 7,305 | 8,957 | 8,964 | 9,626 | 14,884 | 11,606 | 10,496 | |
| Cash from Investing | -752 | -1,261 | -264 | 1,926 | -1,367 | -1,732 | -1,062 | -4,971 | 6,763 | -3,473 |
| Cash from Financing | -4,264 | -4,651 | -5,462 | -6,676 | -9,280 | -7,984 | -8,966 | -9,890 | -13,031 | -10,684 |
| -63 | 1 | 2 | 2,555 | -1,690 | -752 | -402 | 23 | 5,338 | -3,661 | |
| Free Cash Flow | 3,642 | 5,131 | 5,093 | 5,749 | -37,970 | 8,079 | 8,442 | 13,251 | 10,378 | 10,496 |
| OCF / Net Profit | 1.10 | 1.13 | 0.95 | 1.08 | 1.13 | 1.02 | 0.97 | 1.47 | 1.09 | 0.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -18,355 | -13,918 | -10,607 | -2,449 | 2,180 | 50,646 |
| OCF / Net Profit | 1.10 | 1.13 | 0.95 | 1.08 | 1.13 | 1.02 | 0.97 | 1.47 | 1.09 | 0.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -18,355 | -13,918 | -10,607 | -2,449 | 2,180 | 50,646 |
- 4,953
- Cash from Investing
- -752
- Cash from Financing
- -4,264
- -63
- Free Cash Flow
- 3,642
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
- 5,913
- Cash from Investing
- -1,261
- Cash from Financing
- -4,651
- 1
- Free Cash Flow
- 5,131
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- 5,728
- Cash from Investing
- -264
- Cash from Financing
- -5,462
- 2
- Free Cash Flow
- 5,093
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
- 7,305
- Cash from Investing
- 1,926
- Cash from Financing
- -6,676
- 2,555
- Free Cash Flow
- 5,749
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
- 8,957
- Cash from Investing
- -1,367
- Cash from Financing
- -9,280
- -1,690
- Free Cash Flow
- -37,970
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- -18,355
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- -18,355
- 8,964
- Cash from Investing
- -1,732
- Cash from Financing
- -7,984
- -752
- Free Cash Flow
- 8,079
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -13,918
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -13,918
- 9,626
- Cash from Investing
- -1,062
- Cash from Financing
- -8,966
- -402
- Free Cash Flow
- 8,442
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- -10,607
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- -10,607
- 14,884
- Cash from Investing
- -4,971
- Cash from Financing
- -9,890
- 23
- Free Cash Flow
- 13,251
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -2,449
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -2,449
- 11,606
- Cash from Investing
- 6,763
- Cash from Financing
- -13,031
- 5,338
- Free Cash Flow
- 10,378
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 2,180
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 2,180
- 10,496
- Cash from Investing
- -3,473
- Cash from Financing
- -10,684
- -3,661
- Free Cash Flow
- 10,496
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 50,646
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 50,646
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.79 | 24.25 | 27.94 | 31.19 | 33.85 | 37.52 | 42.39 | 43.04 | 45.33 | 46.89 |
| Book Value (₹) | 29.91 | 32.62 | 35.34 | 37.11 | 201.83 | 207.49 | 213.71 | 216.91 | 209.11 | 209.34 |
| 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 (₹) | 22.62 | 26.46 | 30.37 | 35.54 | 38.15 | 41.89 | 46.77 | 47.71 | 50.11 | 51.94 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 19.06% | 19.55% | 21.40% | 23.11% | 22.94% | 22.65% | 21.54% | 20.57% | 20.40% | 19.61% |
| Net Margin % | 13.02% | 13.05% | 13.89% | 15.07% | 15.42% | 15.49% | 15.03% | 14.66% | 15.37% | 14.94% |
| ROE % | 70.73% | 77.56% | 82.24% | 86.11% | 28.69% | 18.33% | 20.13% | 19.99% | 21.28% | 22.41% |
| ROCE % | 100.52% | 107.70% | 116.06% | 117.25% | 38.22% | 24.61% | 26.63% | 27.62% | 29.29% | 29.36% |
| 31.68% | 33.27% | 35.07% | 36.55% | 18.19% | 12.79% | 14.07% | 13.58% | 13.71% | 14.10% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 11 | 9 | 12 | 11 | 10 | 11 | 13 | 14 | 16 | 16 |
| Inventory Days | 26 | 21 | 20 | 21 | 21 | 23 | 22 | 21 | 21 | 21 |
| Payable Days | 150 | 167 | 164 | 171 | 149 | 141 | 118 | 133 | 144 | 144 |
| -113 | -136 | -132 | -139 | -118 | -106 | -83 | -97 | -107 | -107 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 291.73x | 365.25x | 305.36x | 86.77x | 98.13x | 120.79x | 130.50x | 46.28x | 41.89x | 39.79x |
| 1.29x | 1.29x | 1.36x | 1.31x | 1.26x | 1.34x | 1.38x | 1.64x | 1.33x | 1.17x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 2.67% | 8.26% | 10.71% | 1.47% | 18.59% | 11.30% | 15.53% | 2.24% | -1.31% | 3.85% |
| Operating Profit Growth % | 4.12% | 19.35% | 18.56% | 11.10% | 14.56% | 8.95% | 10.67% | 6.24% | 1.04% | 0.67% |
| Net Profit Growth % | 8.53% | 16.64% | 15.26% | 11.63% | 18.05% | 10.86% | 12.97% | 1.53% | 5.33% | 3.44% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.53% | 5.33% | 3.44% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 52.70x | 49.84x | 43.84x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.46x | 10.80x | 9.82x |
| 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 | 34.68x | 34.18x | 31.14x |
- EPS (₹)
- 20.79
- Book Value (₹)
- 29.91
- Dividend per Share (₹)
- 17.00
- Cash EPS (₹)
- 22.62
- Operating Margin %
- 19.06%
- Net Margin %
- 13.02%
- ROE %
- 70.73%
- ROCE %
- 100.52%
- 31.68%
- Debtor Days
- 11
- Inventory Days
- 26
- Payable Days
- 150
- -113
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 291.73x
- 1.29x
- Revenue Growth %
- 2.67%
- Operating Profit Growth %
- 4.12%
- Net Profit Growth %
- 8.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.25
- Book Value (₹)
- 32.62
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 26.46
- Operating Margin %
- 19.55%
- Net Margin %
- 13.05%
- ROE %
- 77.56%
- ROCE %
- 107.70%
- 33.27%
- Debtor Days
- 9
- Inventory Days
- 21
- Payable Days
- 167
- -136
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 365.25x
- 1.29x
- Revenue Growth %
- 8.26%
- Operating Profit Growth %
- 19.35%
- Net Profit Growth %
- 16.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 27.94
- Book Value (₹)
- 35.34
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 30.37
- Operating Margin %
- 21.40%
- Net Margin %
- 13.89%
- ROE %
- 82.24%
- ROCE %
- 116.06%
- 35.07%
- Debtor Days
- 12
- Inventory Days
- 20
- Payable Days
- 164
- -132
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 305.36x
- 1.36x
- Revenue Growth %
- 10.71%
- Operating Profit Growth %
- 18.56%
- Net Profit Growth %
- 15.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 31.19
- Book Value (₹)
- 37.11
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 35.54
- Operating Margin %
- 23.11%
- Net Margin %
- 15.07%
- ROE %
- 86.11%
- ROCE %
- 117.25%
- 36.55%
- Debtor Days
- 11
- Inventory Days
- 21
- Payable Days
- 171
- -139
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 86.77x
- 1.31x
- Revenue Growth %
- 1.47%
- Operating Profit Growth %
- 11.10%
- Net Profit Growth %
- 11.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 33.85
- Book Value (₹)
- 201.83
- Dividend per Share (₹)
- 40.50
- Cash EPS (₹)
- 38.15
- Operating Margin %
- 22.94%
- Net Margin %
- 15.42%
- ROE %
- 28.69%
- ROCE %
- 38.22%
- 18.19%
- Debtor Days
- 10
- Inventory Days
- 21
- Payable Days
- 149
- -118
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 98.13x
- 1.26x
- Revenue Growth %
- 18.59%
- Operating Profit Growth %
- 14.56%
- Net Profit Growth %
- 18.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 37.52
- Book Value (₹)
- 207.49
- Dividend per Share (₹)
- 34.00
- Cash EPS (₹)
- 41.89
- Operating Margin %
- 22.65%
- Net Margin %
- 15.49%
- ROE %
- 18.33%
- ROCE %
- 24.61%
- 12.79%
- Debtor Days
- 11
- Inventory Days
- 23
- Payable Days
- 141
- -106
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 120.79x
- 1.34x
- Revenue Growth %
- 11.30%
- Operating Profit Growth %
- 8.95%
- Net Profit Growth %
- 10.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 42.39
- Book Value (₹)
- 213.71
- Dividend per Share (₹)
- 39.00
- Cash EPS (₹)
- 46.77
- Operating Margin %
- 21.54%
- Net Margin %
- 15.03%
- ROE %
- 20.13%
- ROCE %
- 26.63%
- 14.07%
- Debtor Days
- 13
- Inventory Days
- 22
- Payable Days
- 118
- -83
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 130.50x
- 1.38x
- Revenue Growth %
- 15.53%
- Operating Profit Growth %
- 10.67%
- Net Profit Growth %
- 12.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 43.04
- Book Value (₹)
- 216.91
- Dividend per Share (₹)
- 42.00
- Cash EPS (₹)
- 47.71
- Operating Margin %
- 20.57%
- Net Margin %
- 14.66%
- ROE %
- 19.99%
- ROCE %
- 27.62%
- 13.58%
- Debtor Days
- 14
- Inventory Days
- 21
- Payable Days
- 133
- -97
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 46.28x
- 1.64x
- Revenue Growth %
- 2.24%
- Operating Profit Growth %
- 6.24%
- Net Profit Growth %
- 1.53%
- 1.53%
- P/E (x)
- 52.70x
- P/B (x)
- 10.46x
- Dividend Yield %
- 1.85%
- 34.68x
- EPS (₹)
- 45.33
- Book Value (₹)
- 209.11
- Dividend per Share (₹)
- 53.00
- Cash EPS (₹)
- 50.11
- Operating Margin %
- 20.40%
- Net Margin %
- 15.37%
- ROE %
- 21.28%
- ROCE %
- 29.29%
- 13.71%
- Debtor Days
- 16
- Inventory Days
- 21
- Payable Days
- 144
- -107
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 41.89x
- 1.33x
- Revenue Growth %
- -1.31%
- Operating Profit Growth %
- 1.04%
- Net Profit Growth %
- 5.33%
- 5.33%
- P/E (x)
- 49.84x
- P/B (x)
- 10.80x
- Dividend Yield %
- 2.35%
- 34.18x
- EPS (₹)
- 46.89
- Book Value (₹)
- 209.34
- Dividend per Share (₹)
- 41.00
- Cash EPS (₹)
- 51.94
- Operating Margin %
- 19.61%
- Net Margin %
- 14.94%
- ROE %
- 22.41%
- ROCE %
- 29.36%
- 14.10%
- Debtor Days
- 16
- Inventory Days
- 21
- Payable Days
- 144
- -107
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 39.79x
- 1.17x
- Revenue Growth %
- 3.85%
- Operating Profit Growth %
- 0.67%
- Net Profit Growth %
- 3.44%
- 3.44%
- P/E (x)
- 43.84x
- P/B (x)
- 9.82x
- Dividend Yield %
- 1.99%
- 31.14x
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

