MarketFriction

Hindustan Unilever Ltd

NSE HINDUNILVR · BSE 500696 · Diversified FMCG
₹1,836.00 -2.29%
NSE close2026-10-01
52 week range1,863.80 - 2,667.20
Market cap₹4,37,917 Cr.
P/E39.7
Nifty 50Nifty 100Nifty 200Nifty 500Nifty FMCGNifty MNCNifty India Consumption No price band Delivery 52.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales15,62315,56715,21015,70715,92615,55615,19015,75715,91916,44116,35117,341
Expenses11,82811,90211,67511,96512,13911,86711,57212,11812,13712,66012,51413,394
Operating Profit3,7953,6653,5353,7423,7873,6893,6183,6393,7823,7813,8373,947
OPM %24%24%23%24%24%24%24%23%24%23%23%23%
Other Income1781843092092037331491032694,048503113
Interest88911059311010977122124887675
Depreciation297313320329338318318326322337348353
Profit before tax3,5883,4453,4193,5293,5423,9953,3723,2943,6057,4043,9163,632
Tax %26%27%25%26%27%25%27%16%25%11%24%26%
Net Profit2,6572,5082,5612,6122,5952,9892,4752,7682,6946,6032,9942,680
EPS in Rs11.3010.6810.8911.1111.0312.7010.4911.7311.4328.1212.7311.38
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales32,18633,16235,54539,31039,78347,02852,44660,58061,89661,32864,46866,052
Expenses26,27626,83428,04630,43029,92235,40239,58946,43347,23746,63049,42950,705
Operating Profit5,9106,3287,4998,8809,86111,62612,85714,14714,65914,69815,03915,347
OPM %18%19%21%23%25%25%25%23%24%24%23%23%
Other Income4866063533224241702194488171,3554,9234,933
Interest17352633118117106114334381410363
Depreciation3534325205651,0021,0741,0911,1371,2161,2531,3331,360
Profit before tax6,0266,4677,3068,6049,16510,60511,87913,34413,92614,41918,21918,557
Tax %31%31%28%30%26%25%25%24%26%26%17%
Net Profit4,1514,4905,2276,0606,7567,9998,89210,14310,28210,67115,05914,971
EPS in Rs19.1820.6824.0927.9731.1734.0337.7943.0743.7445.3264.0163.66
Dividend Payout %83%82%83%78%80%119%90%91%96%117%64%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%7%2%6%
Compounded Profit Growth14%13%14%4%
Stock Price CAGR8%-6%-8%-23%
Return on Equity28%22%24%31%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital216216216216216216235235235235235235
Reserves3,8116,3576,5287,0657,6518,01347,43948,82650,06950,98349,16748,504
Borrowings43177277099001,0431,2191,4841,6481,478
Other Liabilities10,3598,0438,68510,58110,66311,92421,06620,40221,55425,78728,81329,521
Total Liabilities14,43014,79315,70617,86218,62920,15368,74070,50673,07778,48979,86379,738
Fixed Assets2,8213,2584,4194,5284,7155,47951,44351,47352,67853,74454,33557,428
CWIP5164082294614065977451,3131,1321,0251,009880
Investments3,0252,5923,7942,8732,7161,2552,7093,5212,8824,6253,8104,359
Other Assets8,0678,5357,26410,00010,79212,82213,84314,19916,38519,09520,70917,071
Total Assets14,43014,79315,70617,86218,62920,15368,74070,50673,07778,48979,86379,738
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,2924,1715,1856,0595,8007,6239,1639,0489,99115,46911,88610,999
Cash from Investing Activity138-282-1,173-1,063-4381,791-1,228-1,728-1,484-5,3246,473-3,676
Cash from Financing Activity-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-3325-20221-282,595-1,374-695-4461115,258-3,487
Free Cash Flow3,2463,4604,2485,1965,0466,8135,0977,9958,98014,01210,6249,667
CFO/OP95%100%111%111%96%103%100%92%93%108%96%105%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121412131711141619182319
Inventory Days777567655965666555556161
Days Payable148156164185166176163145123143156169
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%61.90%
FIIs13.90%13.65%12.67%11.87%12.17%11.43%10.62%10.18%10.79%10.71%10.10%9.50%
DIIs11.90%12.31%13.21%14.09%14.13%14.67%15.48%15.99%15.62%15.68%16.33%16.92%
Government0.04%0.04%0.04%0.05%0.05%0.06%0.07%0.07%0.07%0.07%0.07%0.07%
Public12.26%12.11%12.19%12.11%11.75%11.94%11.93%11.86%11.62%11.64%11.60%11.60%
No. of Shareholders11,76,41111,32,96512,05,41612,10,98911,05,25412,18,00112,33,43811,67,94510,95,44711,12,71311,06,83111,15,507

Fundamentals

Market Cap₹ 4,37,917 Cr.
Current Price₹ 1,864
Stock P/E39.7
Book Value₹ 207
ROCE28.4 %
ROE31.0 %
Dividend Yield2.20 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 431,385 Cr
Enterprise valueRs 429,615 Cr
P/E (TTM)28.84x
Price to book8.85x
Price to sales6.53x
EV / EBITDA21.18x
EV / EBIT22.71x
EV / sales6.50x
Price to cash flow39.22x
Earnings yield3.47%
Dividend yield2.23%
P/E, 3-year average43.12x
P/B, 3-year average10.04x
P/E, 5-year average47.63x
P/B, 5-year average10.19x
Profitability
Operating margin (excl. other income)23.33%
Operating margin (incl. other income)30.96%
EBITDA margin30.70%
Pre-tax margin28.09%
Net profit margin22.64%
Net margin, latest quarter15.41%
ROE30.65%
ROCE36.79%
ROA18.85%
ROE, 3-year average24.02%
ROCE, 3-year average30.90%
ROA, 3-year average15.29%
ROE, 5-year average22.16%
ROCE, 5-year average28.74%
ROA, 5-year average14.54%
ROIC (approx.)33.30%
Tax rate17.34%
Other income / net worth10.10%
Growth
Sales growth (latest year)5.12%
Profit growth (latest year)41.23%
Sales CAGR, 3 years2.10%
Sales CAGR, 5 years6.51%
Profit CAGR, 3 years14.12%
Profit CAGR, 5 years13.47%
Sales growth QoQ6.05%
Profit growth QoQ-10.66%
Sales growth YoY (latest quarter)10.05%
Profit growth YoY (latest quarter)-3.01%
Per share
EPS (TTM)Rs 63.66
EPS (latest year)Rs 64.01
EPS (latest quarter)Rs 11.38
EPS, 3-year averageRs 51.02
EPS, 5-year averageRs 46.79
Book value per shareRs 207.44
Sales per shareRs 281.12
Cash flow per shareRs 46.81
Free cash flow per shareRs 41.14
Dividend per share (latest year)Rs 41.01
Dividend per share, 3-year averageRs 45.34
Dividend per share, 5-year averageRs 41.81
Dividends
Dividend payout64.06%
Dividend payout, 3-year average92.35%
Dividend payout, 5-year average91.52%
Efficiency
Asset turnover0.81x
Fixed asset turnover1.12x
Inventory turnover6.78x
Inventory days54 days
Debtor days19 days
Debtors turnover19.08x
Creditor days169 days
Cash conversion cycle-89 days
Working capital days-23 days
Leverage
Total debtRs 1,478 Cr
Cash and bankRs 3,248 Cr
Net debtRs -1,770 Cr
Debt to equity0.03x
Net debt / EBITDA-0.09x
Interest coverage52.12x
Current ratio (filing 2026-03-31)1.22x
Quick ratio (filing 2026-03-31)0.91x
Trade payables (filing 2026-03-31)Rs 13,325 Cr
Owners' fund to total sources61.12%
Debt to assets1.85%
Cash flow
Cash from Operating Activity (latest year)Rs 10,999 Cr
Cash from Investing Activity (latest year)Rs -3,676 Cr
Cash from Financing Activity (latest year)Rs -10,810 Cr
Net Cash Flow (latest year)Rs -3,487 Cr
Free cash flow (latest year)Rs 9,667 Cr
FCFE (approx.: FCF + change in debt)Rs 9,497 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow5.86x
Statement figures
Net sales (TTM)Rs 66,052 Cr
Net sales (latest year)Rs 64,468 Cr
Sales (latest quarter)Rs 17,341 Cr
Operating profit excl. other income (latest year)Rs 15,039 Cr
Operating profit (latest quarter)Rs 3,947 Cr
Other income (TTM)Rs 4,933 Cr
EBITDA (TTM)Rs 20,280 Cr
PBDT (TTM)Rs 19,917 Cr
Profit before tax (TTM)Rs 18,557 Cr
Tax (latest year)Rs 3,160 Cr
Net profit (TTM)Rs 14,957 Cr
Net profit (latest year)Rs 15,040 Cr
Net profit (latest quarter)Rs 2,673 Cr
Depreciation (TTM)Rs 1,360 Cr
Depreciation (latest quarter)Rs 353 Cr
Interest (TTM)Rs 363 Cr
Cost of goods sold (latest year)Rs 32,459 Cr
Total expenditure (latest year)Rs 49,429 Cr
Total income (latest year)Rs 69,391 Cr
Share capitalRs 235 Cr
ReservesRs 48,504 Cr
Shareholders' fundsRs 48,739 Cr
Total assetsRs 79,738 Cr
Net blockRs 57,428 Cr
Capital work in progressRs 880 Cr
InvestmentsRs 4,359 Cr
ReceivablesRs 3,379 Cr
InventoryRs 4,789 Cr
Other liabilitiesRs 29,521 Cr
Shares outstanding (crore)234.96
Ownership
Promoter holding61.90% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 28.8 is the lowest in its own 9.4-year history (median 67.8, low 28.8, high 89.2).
P/B 8.85 is the lowest in 9.4 years (median 12.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHINDUNILVRNifty 50Difference
1 week-5.0%-2.8% -2.3 pts
1 month-8.0%-6.8% -1.2 pts
3 months-16.6%-7.6% -9.0 pts
6 months-10.7%+0.4% -11.1 pts
1 year-27.7%-9.9% -17.7 pts
2 years-39.4%-13.6% -25.8 pts
3 years-25.5%+14.2% -39.7 pts
5 years-32.1%+27.9% -60.0 pts
373 mutual fund schemes hold about ₹23,676 Cr. Over three months 262 bought more and 65 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Value Fund2.67%1,605 +12%
Nippon India Large Cap Fund2.50%1,355 +16%
ICICI Pru Multi Asset Allocation Fund1.51%1,327 +125%
ICICI Pru Aggressive Hybrid Fund(A1.65%867 +19%
SBI Large Cap Fundd1.46%807 +66%
ICICI Pru India Opp Fund1.84%705 +14%
ICICI Pru Large Cap Fund0.85%684 +27%
SBI Large & Midcap Fund1.35%571 +56%
Nippon India Small Cap Fund0.69%570 +80%
UTI Nifty 50 Index Fund1.58%467 +11%
Kotak Arbitrage Fund(M0.58%443 -39%
Kotak Flexi Cap Fund0.73%413 -11%
Kotak Flexi Cap Fund0.73%411 -11%
HDFC Nifty 50 Index Fund1.58%383 +11%
ICICI Pru Equity Savings Fund(Q2.10%341 +18%
HDFC Balanced Advantage Fund0.32%338 +10%
HDFC Arbitrage Fund(M1.32%338 +82%
Kotak Multi Asset Allocation Fund2.06%315 +4%
Tata Arbitrage Fund1.26%314 +41%
ICICI Pru FMCG Fund17.88%292 +16%
ICICI Pru Bharat Consumption Fund8.86%287 +47%
ICICI Pru FMCG Fund17.88%278 +16%
Axis ELSS-Tax Saver Fund0.84%275 -4%
ICICI Pru Nifty 50 Index Fund1.58%275 +11%
SBI Arbitrage Fund0.58%274 +133%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-11-26Padma SanzgiriImmediate relativeother650Rs 0.16 CrOff Market
2025-11-26Padma SanzgiriImmediate relativeother650Rs 0.16 CrOff Market
2025-11-07Sandeep KumarImmediate relativesell1,000Rs 0.24 CrMarket Sale
2025-08-25Mazher TopiwalaEmployees/Designated Employesell3,904Rs 1.02 CrMarket Sale
2025-08-25Tasnim Mazher TopiwalaImmediate relativesell585Rs 0.15 CrMarket Sale
2025-02-04GERARD ANTHUAN FRANCIS IRUDAYARAJEmployees/Designated Employesell600Rs 0.15 CrMarket Sale
2024-11-22Padma SanzgiriImmediate relativeother3,280Others
2024-09-10Sandeep KumarImmediate relativesell1,000Rs 0.29 CrMarket Sale
2024-08-13GERARD ANTHUAN FRANCIS IRUDAYARAJEmployees/Designated Employesell880Rs 0.24 CrMarket Sale
2024-06-10Sairam SubramanianEmployees/Designated Employesell502Rs 0.13 CrMarket Sale
2024-06-07R SindhuEmployees/Designated Employesell1,500Rs 0.38 CrMarket Sale
2024-05-16Seetharam NPEmployees/Designated Employebuy6Rs 0.00 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹17,341 Cr +10.1% vs Jun 2025. Net profit ₹2,680 Cr -3.2%.

Activity

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Davangere Sugar Company Ltd39548.65.52 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-23Dividend - Rs 22 Per Share
2025-12-05Demerger
2025-11-07Interim Dividend - Rs 19 Per Share
2025-06-23Dividend - Rs 24 Per Share
2024-11-06Interim Dividend - Rs 19 Per Share/Special Dividend - Rs 10 Per Share
2024-06-14Annual General Meeting/Dividend - Rs 24 Per Share
2023-11-02Interim Dividend - Rs 18 Per Share
2023-06-19Annual General Meeting/Dividend - Rs 22 Per Share
2022-11-01Interim Dividend - Rs 17 Per Share
2022-06-15Annual General Meeting/Dividend - Rs 19 Per Share
2021-10-26 Interim Dividend - Rs 15 Per Share
2021-06-14 Annual General Meeting/Dividend - Rs 17 Per Sh
2020-10-28 Interim Dividend - Rs 14 Per Share
2020-07-30 Special Dividend - Rs 9.50 Per Share
2020-06-19 Annual General Meeting/Dividend - Rs 14 Per Share
2019-10-23 Interim Dividend - Rs 11 Per Sh
2019-06-20 Annual General Meeting/ Dividend - Rs 13 Per Share
2018-10-25 Interim Dividend - Rs 9 Per Share (Date And Purpose Revised)
2018-06-21 Annual General Meeting / Dividend- Rs 12 Per Share
2017-11-01 Interim Dividend - Rs 8/- Per Share
2017-06-22 Annual General Meeting/Dividend - Rs 10/- Per Share
2016-11-01 Interim Dividend Rs 7/- Per Share (Purpose Revised)
2016-06-22 Annual General Meeting/ Dividend - Rs 9.50 Per Share
2015-10-19Interim Dividend - Rs 6.50/- Per Share (Purpose Revised)
2015-06-19Annual General Meeting/ Dividend - Rs 9/- Per Share
2014-10-31Interim Dividend Rs.6/- Per Share (Purpose Revised)
2014-06-11Annual General Meeting/Dividend Rs 7.50/- Per Share
2013-10-31Interim Dividend Rs.5.50 Per Share (Purpose Revised)
2013-07-10Annual General Meeting/Final Dividend Rs.6/- Per Equity Share
2012-11-01Interim Dividend Rs.4.50 Per Share And Special Dividend Rs.8 Per Share (Purpose Revised)
2012-07-04Annual General Meeting And Dividend Rs.4/- Per Share
2011-11-04Interim Dividend Rs.3.50 Per Share (Purpose Revised)
2011-07-08Annual General Meeting And Dividend Rs.3.50 Per Share
2010-11-01Interim Dividend-Rs.3/- Per Share (Purpose Revised)
2010-07-08Annual General Meeting And Final Dividend Rs.3.50 Per Share
2009-11-06Int Div-Rs.3/- Per Share Purpose Revised
2009-06-12Agm/Div-Rs.4/- Per Share
2008-08-04Int Div-Rs.3.50 Per Sharepurpose Revised
2008-03-17Agm/Dividend- Rs.3 Per Sh
2007-11-07Pltnm Jub Div-Rs.3 Per Shpurpose Revised
2007-08-07Int Div-Rs.3/- Per Sh Purpose Revised
2007-04-20Agm/Fin Div-Rs.3/- Per Sh
2006-08-08Int Div-Rs.3/- Per Sh Purpose Revised
2006-04-28Dividend-Rs.2.50 Per Sh
DateTypeWhat it says
2026-09-09Investor PresentationInvestor Presentation
2026-09-06Concall / analyst meetVideo Recording of Capital Markets Day, 2026
2026-09-04Concall / analyst meetSchedule of Analyst/Investor Meet
2026-09-04Investor PresentationInvestor Presentation
2026-08-12Concall / analyst meetSchedule of Analyst/Investor Meet
2026-08-04Concall / analyst meetTranscript of the Earnings Conference Call for the quarter ended 30th June, 2026
2026-07-28Concall / analyst meetAudio Video recording of the Earnings Conference Call held on 28th July, 2026
2026-07-28Concall / analyst meetIntimation regarding Capital Markets Day, 2026
2026-07-28Investor PresentationInvestor Presentation
2026-07-28Board meeting outcomeOutcome of Board Meeting 28th July 2026
2026-07-22Concall / analyst meetIntimation of Earnings Conference Call for the quarter ended 30th June, 2026
2026-06-30Shareholder meetingVoting results.
2026-06-30Shareholder meetingProceedings of Annual General Meeting held on Jun 30, 2026
2026-06-30General UpdatesChairmans Speech at the 93rd Annual General Meeting of the Company
2026-06-18Disclosure under SEBI TakeovUnilever PLC has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-06-17UpdatesPerformance Highlights for the financial year 2025-26
2026-06-05General UpdatesLetter to the Shareholders - Annual Report FY 2025-26
2026-06-02UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26
2026-06-02Shareholder meetingNotice of 93rd Annual General Meeting scheduled to be held on Tuesday, 30th June, 2026
2026-06-02UpdatesPress Release
2026-05-27Concall / analyst meetSchedule of Analyst/Investor Meet
2026-05-07Concall / analyst meetTranscript of the Earnings Call for the quarter and financial year ended 31st March, 2026
2026-04-30Concall / analyst meetAudio Video recording of the Earnings Conference Call held on 30th April, 2026
2026-04-30Press ReleasePress Release
2026-04-30General UpdatesThe Board at its meeting held on 30th April, 2026, decided to hold the 93rd Annual General Meeting of the Company on Tuesday, 30th June, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.73
Max pain (expiry 2026-10-27)1,920
Largest call open interest at1,900
Largest put open interest at1,900
Implied volatility, at the money21.6%
Underlying at snapshot1,836.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-29595
2026-09-281
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-15NCLTDarius Soli Framroze Vs Hindustan Unilever Ltd.
2019-03-15NCLTGlaxoSmithKline Consumer Healthcare Ltd. & Anr. And Hindustan Unilever Ltd. Vs None
2019-03-11NCLTHindustan Unilever Ltd Vs N/A
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Hindustan Unilever Ltd?

Hindustan Unilever Ltd (HINDUNILVR) has a market capitalisation of Rs 4,37,917 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hindustan Unilever Ltd?

Hindustan Unilever Ltd trades at a P/E of 39.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hindustan Unilever Ltd's latest quarterly results?

In the Jun 2026 quarter, Hindustan Unilever Ltd sales was Rs 17,341 Cr (+10.1% vs Jun 2025) and net profit was Rs 2,680 Cr.

What is the 52-week high and low of Hindustan Unilever Ltd?

The 52-week high is Rs 2,667.20 and the 52-week low is Rs 1,863.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03