Hindustan Unilever Ltd logo

Hindustan Unilever Ltd

HINDUNILVR NSE

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]

AI Verdict: HOLD Confidence: 6%

Hindustan Unilever remains a high-quality defensive compounder with 31% ROE and near-zero debt, but the stock trades at 34.3x PE with tepid 5% TTM sales growth and negative 5-year stock CAGR of -2%, suggesting limited near-term upside at current valuations. The 63% buy rating from analysts reflects long-term confidence, but the premium valuation leaves little margin of safety.

Key Fundamentals

LargecapDiversified FMCGFMCG
Market Cap
5.1L Cr
Volatility
Moderate
P/E Ratio
33.97
EBITDA
₹15,805 Cr
Return on Equity
19.99%
Debt to Equity
0.03
Book Value
₹207.44
EPS
₹43.99
52W High
₹2,705.09
52W Low
₹2,022.5

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 92.4%

Weaknesses

3
  • Stock is trading at 10.4 times its book value
  • The company has delivered a poor sales growth of 6.51% over past five years.
  • Earnings include an other income of Rs.4,923 Cr.

Growth Rate

Revenue Growth
1.69% ↗
Net Income Growth
-0.18% ↗
Cash Flow Change
-7.46% ↘
ROE
1.07% ↗
ROCE
-5.26% ↗
EBITDA Margin (Avg.)
-2.06% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk low

Hindustan Unilever remains a high-quality defensive compounder with 31% ROE and near-zero debt, but the stock trades at 34.3x PE with tepid 5% TTM sales growth and negative 5-year stock CAGR of -2%, suggesting limited near-term upside at current valuations. The 63% buy rating from analysts reflects long-term confidence, but the premium valuation leaves little margin of safety.

Bull Case 8
  • Virtually debt-free balance sheet provides exceptional financial resilience and flexibility for acquisitions or capital returns
  • Last year ROE of 31% demonstrates superior capital efficiency, well above the 22% five-year average
  • Compounded profit growth of 14% over 10 years shows consistent long-term earnings compounding ability
  • Dividend yield of 1.87% backed by a 92.4% payout ratio offers reliable income in a volatile market
  • 63.16% of analysts (24 out of 38) rate the stock a Buy, reflecting institutional confidence in the business model
  • TTM profit growth of 47% indicates a sharp earnings recovery and potential re-rating catalyst
  • 10-year stock CAGR of 10% with low volatility makes it a proven wealth compounder for patient investors
  • Market cap of Rs.5.16 lakh crore ensures deep liquidity and index inclusion benefits for passive flows
Bear Case 8
  • PE ratio of 34.3x is expensive relative to the tepid 5% TTM revenue growth, implying a PEG ratio well above 1
  • Price-to-book of 10.59x is extremely stretched and leaves significant downside risk if growth disappoints
  • Compounded sales growth of just 2% over 3 years signals serious volume and pricing headwinds in core FMCG categories
  • Stock has delivered negative 5-year CAGR of -2%, meaning investors have lost money in real terms over a half-decade holding period
  • Other income of Rs.4,923 Cr inflates reported earnings and flatters the 47% TTM profit growth figure
  • 5-year compounded sales growth of only 7% (6.51% per screener) is poor for a consumer staples leader in a growing economy
  • Only 7.89% sell ratings but 28.95% hold ratings suggest even bulls lack conviction for aggressive upside from here
  • 3-year stock CAGR of -5% indicates persistent de-rating as market rotates away from expensive defensives

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 2
  • ₹22 final dividend for FY26 May 28

    HUL announced a final dividend of ₹22 per share for FY26. The 93rd AGM is scheduled for June 30, 2026, via video conferencing.

  • AI Fragrance Hub launched in Mumbai Jun 2

    HUL inaugurated the Unilever Fragrance Hub at IIT Bombay, its third global facility, supporting AI-driven fragrance innovation.

Neutral 6
  • ₹123.47 Cr institutional block trade May 26

    A block trade of ~5,61,871 shares at ₹2,197.40/share (₹123.47 Cr) on NSE signals significant institutional activity in the stock.

  • ₹15.46 Cr block trade on NSE Jun 17

    Approximately 70,079 shares traded at ₹2,206.20/share in a pre-negotiated block window transaction worth ₹15.46 Cr.

  • Trading window closed for Q1 results Jun 13

    HUL shut its trading window from June 15, 2026, until 48 hours after Q1FY26 results are declared.

  • Four investor meets in June May 27

    HUL will participate in meets with Bank of America, Citi, J.P. Morgan, and ICICI Securities from June 2–8, 2026.

  • BRSR filed with sustainability gains Jun 2

    HUL filed its FY26 Business Responsibility and Sustainability Report detailing significant reductions in CO2 emissions and water usage.

  • FY26 microsite launched Jun 17

    HUL launched a dedicated microsite showcasing FY26 performance highlights.

TL;DR: HUL is in a steady phase with no visible headwinds in recent news flow. The ₹22/share dividend and continued institutional block trades reflect confidence in the stock. Innovation investments like the AI Fragrance Hub signal long-term brand-building. With the Q1FY26 results trading window now closed, near-term catalyst will be the upcoming quarterly earnings.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
15,215
15,496
15,623
15,567
15,210
15,707
15,926
15,556
15,190
16,514
15,919
16,441
16,351
Expenses
11,643
11,832
11,828
11,902
11,675
11,965
12,139
11,867
11,572
12,797
12,137
12,660
12,514
Operating Profit
3,572
3,664
3,795
3,665
3,535
3,742
3,787
3,689
3,618
3,717
3,782
3,781
3,837
OPM %
23%
24%
24%
24%
23%
24%
24%
24%
24%
23%
24%
23%
23%
Other Income
240
146
178
184
309
209
203
733
149
74
269
4,048
503
Interest
29
50
88
91
105
93
110
109
77
127
124
88
76
Depreciation
291
286
297
313
320
329
338
318
318
361
322
337
348
PBT
3,492
3,474
3,588
3,445
3,419
3,529
3,542
3,995
3,372
3,303
3,605
7,404
3,916
Tax %
26%
26%
26%
27%
25%
26%
27%
25%
27%
16%
25%
11%
24%
Net Profit
2,601
2,556
2,657
2,508
2,561
2,612
2,595
2,989
2,475
2,768
2,694
6,603
2,994
EPS in Rs
11.07
10.87
11.3
10.68
10.89
11.11
11.03
12.7
10.49
11.73
11.43
28.12
12.73
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
31,972
32,186
33,162
35,545
39,310
39,783
47,028
52,446
60,580
61,896
61,328
64,468
Expenses
26,560
26,276
26,834
28,046
30,430
29,922
35,402
39,589
46,433
47,237
46,630
49,429
Operating Profit
5,412
5,910
6,328
7,499
8,880
9,861
11,626
12,857
14,147
14,659
14,698
15,039
OPM %
17%
18%
19%
21%
23%
25%
25%
25%
23%
24%
24%
23%
Other Income
1,247
486
606
353
322
424
170
219
448
817
1,355
4,923
Interest
18
17
35
26
33
118
117
106
114
334
381
410
Depreciation
322
353
432
520
565
1,002
1,074
1,091
1,137
1,216
1,253
1,333
PBT
6,320
6,026
6,467
7,306
8,604
9,165
10,605
11,879
13,344
13,926
14,419
18,219
Tax %
31%
31%
31%
28%
30%
26%
25%
25%
24%
26%
26%
17%
Net Profit
4,376
4,151
4,490
5,227
6,060
6,756
7,999
8,892
10,143
10,282
10,671
15,059
EPS in Rs
20.17
19.18
20.68
24.09
27.97
31.17
34.03
37.79
43.07
43.74
45.32
64.01
Div. Payout %
74%
83%
82%
83%
78%
80%
119%
90%
91%
96%
117%
64%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
216
216
216
216
216
216
235
235
235
235
235
235
Reserves
3,811
6,357
6,528
7,065
7,651
8,013
47,439
48,826
50,069
50,983
49,167
48,504
Borrowings
43
177
277
0
99
0
0
1,043
1,219
1,484
1,648
1,478
Other Liabilities
10,359
8,043
8,685
10,581
10,663
11,924
21,066
20,402
21,554
25,787
28,813
29,521
Total Liabilities
14,430
14,793
15,706
17,862
18,629
20,153
68,740
70,506
73,077
78,489
79,863
79,738
Fixed Assets
2,821
3,258
4,419
4,528
4,715
5,479
51,443
51,473
52,678
53,744
54,335
57,428
CWIP
516
408
229
461
406
597
745
1,313
1,132
1,025
1,009
880
Investments
3,025
2,592
3,794
2,873
2,716
1,255
2,709
3,521
2,882
4,625
3,810
4,359
Other Assets
8,067
8,535
7,264
10,000
10,792
12,822
13,843
14,199
16,385
19,095
20,709
17,071
Total Assets
14,430
14,793
15,706
17,862
18,629
20,153
68,740
70,506
73,077
78,489
79,863
79,738
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3,292
4,171
5,185
6,059
5,800
7,623
9,163
9,048
9,991
15,469
11,886
10,999
Investing
138
-282
-1,173
-1,063
-438
1,791
-1,228
-1,728
-1,484
-5,324
6,473
-3,676
Financing
-3,462
-3,864
-4,214
-4,975
-5,390
-6,819
-9,309
-8,015
-8,953
-10,034
-13,101
-10,810
Net Cash Flow
-33
25
-202
21
-28
2,595
-1,374
-695
-446
111
5,258
-3,487
Free Cash Flow
3,246
3,460
4,248
5,196
5,046
6,813
5,097
7,995
8,980
14,012
10,624
9,667
CFO/OP
95
100
111
111
96
103
100
92
93
108
96
105
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
14
12
13
17
11
14
16
19
18
23
19
Inventory Days
77
75
67
65
59
65
66
65
55
55
61
61
Days Payable
148
156
164
185
166
176
163
145
123
143
156
169
Cash Conversion Cycle
-60
-67
-85
-107
-90
-101
-83
-64
-50
-70
-72
-89
Working Capital Days
-53
-26
-35
-37
-30
-31
-32
-22
-15
-22
-34
-23
ROCE %
139%
112%
91%
103%
116%
117%
39%
25%
27%
27%
28%
28%

Shareholding Pattern

As of Mar 2026
Promoters 61.90%
DIIs 16.40%
FIIs 10.10%
Public 9.93%
Others 1.67%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.04%
14.33%
14.36%
14.48%
13.90%
13.65%
12.67%
11.87%
12.18%
11.43%
10.62%
10.18%
10.79%
10.71%
10.10%
DIIs
7.56%
7.59%
7.40%
8.57%
9.29%
9.66%
11.76%
11.56%
11.58%
11.55%
11.97%
12.38%
13.27%
14.16%
14.18%
14.73%
15.54%
16.07%
15.69%
15.75%
16.40%
Government
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
11.19%
11.12%
11.02%
11.34%
11.58%
11.36%
10.89%
10.82%
10.77%
10.68%
10.79%
10.62%
10.69%
10.61%
10.18%
10.34%
10.31%
10.23%
10.01%
10.01%
9.93%
Others
19.35%
19.39%
19.69%
18.18%
17.23%
17.08%
1.40%
1.40%
1.38%
1.39%
1.44%
1.45%
1.47%
1.46%
1.56%
1.60%
1.62%
1.62%
1.62%
1.63%
1.67%
No. of Shareholders
7,69,663
7,95,448
8,25,666
11,37,500
13,61,510
12,75,550
11,39,750
11,18,430
11,27,980
10,96,270
11,76,410
11,32,960
12,05,420
12,10,990
11,05,250
12,18,000
12,33,440
11,67,940
10,95,450
11,12,710
11,06,830

Documents

1
Concall - May 2017 May 2017
2
Concall - Jun 2017 Jun 2017
3
Concall - Jun 2017 Jun 2017
4
Concall - Sep 2017 Sep 2017
5
Concall - Sep 2017 Sep 2017

Frequently Asked Questions about Hindustan Unilever Ltd

What does Hindustan Unilever Ltd do?
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]
Where is Hindustan Unilever Ltd (HINDUNILVR) listed?
Hindustan Unilever Ltd is listed on the Indian stock exchanges. It is listed on NSE: HINDUNILVR and BSE: 500696. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Unilever Ltd belong to?
Hindustan Unilever Ltd operates in the Fast Moving Consumer Goods sector within the Diversified FMCG industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hindustan Unilever Ltd?
Hindustan Unilever Ltd has a market capitalisation of approximately ₹512516.34 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Hindustan Unilever Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Unilever Ltd is 33.97. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hindustan Unilever Ltd?
Over the past 52 weeks, Hindustan Unilever Ltd has traded between a low of ₹2,022.5 and a high of ₹2,705.09. This range helps investors understand the stock's price volatility and recent trading levels.
Does Hindustan Unilever Ltd pay dividends?
Yes, Hindustan Unilever Ltd has a dividend yield of 1.90%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Hindustan Unilever Ltd?
Hindustan Unilever Ltd has a Return on Equity (ROE) of 19.99%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Unilever Ltd on Tapetide?
On Tapetide, you can view Hindustan Unilever Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]

Website hul.co.in
CEO Mr. Bittianda Ponnappa Biddappa
Employees 18,802
Listed 1995-07-06
Face Value ₹ 1
Issued Size 2,34,95,91,262

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