Dabur India Ltd (DABUR) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+1.96%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 9.7%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 17.0%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹369.21

200-Day DMA ● Overlay

₹342.43

14-Day RSI ● Overlay

58.9 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹66,234 Cr

Large cap

Stock P/E (TTM) Valuation

32.9x

Price / EPS

Book Value (₹) Assets

₹64.4

P/B: 5.9x

ROE (%) Quality

17.0%

Net Profit / Equity

ROCE (%) Efficiency

20.3%

EBIT / Capital

Dividend Yield Yield

2.20%

Face Value: ₹10

Debt / Equity Solvency

0.11x

Manageable

EPS (TTM) Per Share

₹11.38

Trailing 12M

OPM (%) Spread

19.0%

EBITDA Margin

Free Cash Flow Cash

₹2,180 Cr

CFO - Capex

About Dabur India Ltd

Dabur India Ltd (DABUR) is a leading Indian enterprise operating in the Fast Moving Consumer Goods sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 13.7% × Turnover: 0.85x × Leverage: 1.11x = ROE: 17%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.11.
• Delivers solid shareholder returns with an ROE of 17.0%.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 5.9x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹13,552 Cr

Latest PAT

₹1,947 Cr

EPS (TTM)

₹11.38

OPM %

19.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	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
Sales / Revenue	₹2,347 Cr	₹2,334 Cr	₹2,414 Cr	₹2,039 Cr	₹2,514 Cr	₹2,144 Cr	₹2,448 Cr	₹1,965 Cr	₹2,470 Cr	₹2,235 Cr	₹2,547 Cr	₹2,132 Cr	₹2,687 Cr
Operating Profit (EBITDA)	₹462.00 Cr	₹509.00 Cr	₹532.00 Cr	₹337.00 Cr	₹497.00 Cr	₹403.00 Cr	₹523.00 Cr	₹284.00 Cr	₹485.00 Cr	₹424.00 Cr	₹555.00 Cr	₹317.00 Cr	₹536.00 Cr
OPM %	20.0%	22.0%	22.0%	16.0%	20.0%	19.0%	21.0%	14.0%	20.0%	19.0%	22.0%	15.0%	20.0%
Interest Expense	₹15.00 Cr	₹18.00 Cr	₹24.00 Cr	₹23.00 Cr	₹19.00 Cr	₹29.00 Cr	₹28.00 Cr	₹23.00 Cr	₹17.00 Cr	₹20.00 Cr	₹22.00 Cr	₹23.00 Cr	₹22.00 Cr
Depreciation	₹51.00 Cr	₹51.00 Cr	₹52.00 Cr	₹54.00 Cr	₹60.00 Cr	₹64.00 Cr	₹64.00 Cr	₹63.00 Cr	₹63.00 Cr	₹64.00 Cr	₹66.00 Cr	₹67.00 Cr	₹67.00 Cr
Profit before Tax (PBT)	₹495.00 Cr	₹542.00 Cr	₹557.00 Cr	₹373.00 Cr	₹527.00 Cr	₹429.00 Cr	₹536.00 Cr	₹317.00 Cr	₹521.00 Cr	₹447.00 Cr	₹560.00 Cr	₹374.00 Cr	₹578.00 Cr
Net Profit (PAT)	₹378.00 Cr	₹420.00 Cr	₹428.00 Cr	₹283.00 Cr	₹405.00 Cr	₹329.00 Cr	₹418.00 Cr	₹251.00 Cr	₹407.00 Cr	₹349.00 Cr	₹439.00 Cr	₹296.00 Cr	₹452.00 Cr
EPS in ₹	₹2.13	₹2.37	₹2.42	₹1.60	₹2.29	₹1.86	₹2.36	₹1.41	₹2.30	₹1.97	₹2.48	₹1.67	₹2.55

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹5,420 Cr	₹5,340 Cr	₹5,291 Cr	₹5,592 Cr	₹6,273 Cr	₹6,310 Cr	₹7,185 Cr	₹8,180 Cr	₹8,684 Cr	₹9,136 Cr	₹9,071 Cr	₹9,383 Cr	₹9,601 Cr
Expenses	₹4,480 Cr	₹4,242 Cr	₹4,178 Cr	₹4,360 Cr	₹4,906 Cr	₹4,927 Cr	₹5,626 Cr	₹6,445 Cr	₹6,984 Cr	₹7,295 Cr	₹7,363 Cr	₹7,602 Cr	₹7,770 Cr
Operating Profit	₹940.00 Cr	₹1,098 Cr	₹1,112 Cr	₹1,232 Cr	₹1,367 Cr	₹1,383 Cr	₹1,559 Cr	₹1,734 Cr	₹1,701 Cr	₹1,840 Cr	₹1,708 Cr	₹1,781 Cr	₹1,832 Cr
OPM %	17%	21%	21%	22%	22%	22%	22%	21%	20%	20%	19%	19%	19%
Interest	₹10.00 Cr	₹10.00 Cr	₹16.00 Cr	₹22.00 Cr	₹30.00 Cr	₹19.00 Cr	₹9.00 Cr	₹19.00 Cr	₹46.00 Cr	₹81.00 Cr	₹100.00 Cr	₹82.00 Cr	₹87.00 Cr
Depreciation	₹66.00 Cr	₹73.00 Cr	₹75.00 Cr	₹102.00 Cr	₹109.00 Cr	₹130.00 Cr	₹143.00 Cr	₹160.00 Cr	₹188.00 Cr	₹209.00 Cr	₹251.00 Cr	₹261.00 Cr	₹265.00 Cr
Profit before Tax	₹977.00 Cr	₹1,209 Cr	₹1,294 Cr	₹1,373 Cr	₹1,503 Cr	₹1,408 Cr	₹1,683 Cr	₹1,896 Cr	₹1,829 Cr	₹1,967 Cr	₹1,808 Cr	₹1,901 Cr	₹1,958 Cr
Net Profit	₹763.00 Cr	₹937.00 Cr	₹998.00 Cr	₹1,072 Cr	₹1,264 Cr	₹1,170 Cr	₹1,382 Cr	₹1,433 Cr	₹1,373 Cr	₹1,509 Cr	₹1,403 Cr	₹1,491 Cr	₹1,536 Cr
EPS in Rs	4.34	5.33	5.67	6.09	7.16	6.62	7.82	8.11	7.75	8.52	7.92	8.41	8.67

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹176.00 Cr	₹176.00 Cr	₹176.00 Cr	₹176.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr	₹177.00 Cr
Reserves & Surplus	₹2,161 Cr	₹2,918 Cr	₹3,482 Cr	₹4,051 Cr	₹3,792 Cr	₹4,398 Cr	₹5,214 Cr	₹5,687 Cr	₹6,110 Cr	₹6,738 Cr	₹7,246 Cr	₹7,349 Cr
Borrowings (Debt)	₹129.00 Cr	₹87.00 Cr	₹284.00 Cr	₹287.00 Cr	₹310.00 Cr	₹151.00 Cr	₹180.00 Cr	₹560.00 Cr	₹615.00 Cr	₹776.00 Cr	₹379.00 Cr	₹611.00 Cr
Total Liabilities	₹3,688 Cr	₹4,430 Cr	₹5,217 Cr	₹5,813 Cr	₹5,579 Cr	₹6,100 Cr	₹7,504 Cr	₹8,592 Cr	₹9,352 Cr	₹10,533 Cr	₹11,005 Cr	₹11,773 Cr
Fixed Assets	₹683.00 Cr	₹639.00 Cr	₹993.00 Cr	₹1,030 Cr	₹1,037 Cr	₹1,134 Cr	₹1,205 Cr	₹1,399 Cr	₹1,662 Cr	₹1,878 Cr	₹2,036 Cr	₹2,051 Cr
Total Assets	₹3,688 Cr	₹4,430 Cr	₹5,217 Cr	₹5,813 Cr	₹5,579 Cr	₹6,100 Cr	₹7,504 Cr	₹8,592 Cr	₹9,352 Cr	₹10,533 Cr	₹11,005 Cr	₹11,773 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹839.00 Cr	₹960.00 Cr	₹927.00 Cr	₹816.00 Cr	₹1,124 Cr	₹1,155 Cr	₹1,704 Cr	₹1,320 Cr	₹1,562 Cr	₹1,653 Cr	₹1,623 Cr	₹1,885 Cr
Cash from Investing (CFI)	-₹613.00 Cr	-₹494.00 Cr	-₹679.00 Cr	-₹261.00 Cr	₹418.00 Cr	-₹330.00 Cr	-₹1,120 Cr	-₹682.00 Cr	-₹617.00 Cr	-₹736.00 Cr	-₹99.00 Cr	-₹603.00 Cr
Cash from Financing (CFF)	-₹337.00 Cr	-₹455.00 Cr	-₹274.00 Cr	-₹496.00 Cr	-₹1,619 Cr	-₹826.00 Cr	-₹555.00 Cr	-₹635.00 Cr	-₹940.00 Cr	-₹922.00 Cr	-₹1,511 Cr	-₹1,293 Cr
Free Cash Flow (FCF)	₹743.00 Cr	₹863.00 Cr	₹519.00 Cr	₹717.00 Cr	₹1,002 Cr	₹902.00 Cr	₹1,456 Cr	₹1,025 Cr	₹1,173 Cr	₹1,198 Cr	₹1,273 Cr	₹1,648 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	23	29	23	21	25	22	14	20	24	29	24	18
Inventory Days	94	106	103	117	106	120	141	132	118	109	120	124
Cash Conversion Cycle (Days)	-13	-25	-31	-21	-13	-11	-32	-16	-34	-58	-74	-97
ROCE %	45%	42%	37%	33%	35%	34%	33%	32%	28%	28%	25%	25%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹173.80 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹382.60

DCF Fair Value

₹173.80

Graham Number

₹128.41

Margin of Safety

-59.9%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹173.80

Premium / Overvalued (Margin: -59.9%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹169	₹168	₹166	₹165
10%	₹172	₹171	₹169	₹168
12%	₹175	₹174	₹172	₹171
14%	₹179	₹177	₹175	₹174

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹174	Fairly Valued
Benjamin Graham Number	₹128	Market Priced
Historical Sector P/E	₹250	Premium
EV / EBITDA Multiplier	₹402	In-Line
Free Cash Flow Yield Model	₹375	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

5.69 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.11x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 19.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

66.24%

FIIs (Foreign)

9.66%

DIIs (Domestic)

18.60%

Government

0.15%

Public / Retail

5.37%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	66.24%	66.25%	66.26%	66.25%	66.25%	66.27%	66.28%	66.22%	66.22%	66.23%	66.25%	66.24%
+ FIIs (Foreign Portfolio)	18.37%	16.49%	15.82%	14.99%	15.05%	13.28%	12.68%	11.85%	10.88%	10.05%	9.98%	9.66%
+ DIIs (Mutual Funds / Insurance)	9.78%	11.66%	12.46%	13.45%	13.57%	14.85%	15.62%	16.16%	17.29%	18.29%	18.46%	18.60%
+ Public (Retail & HNIs)	5.53%	5.54%	5.40%	5.26%	5.07%	5.53%	5.36%	5.69%	5.48%	5.33%	5.20%	5.37%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Fast Moving Consumer Goods.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

DABUR Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

DABUR Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

DABUR Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹489.73

Accelerated market share capture in Fast Moving Consumer Goods, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹428.51

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 33x P/E.

🐻 Bear Case (15%) -12.0%

₹336.69

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Fast Moving Consumer Goods)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:06 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Dabur India Ltd (DABUR)	Target Stock	₹382.60	+1.96%	32.9x	17.0%	20.3%	0.11	₹66,234 Cr
Hindustan Unilever Ltd (HINDUNILVR)	Household & Personal Care	₹2,022.40	+1.61%	38.2x	31.0%	28.4%	0.03	₹4.31 Lakh Cr
ITC Ltd (ITC)	Cigarettes, FMCG Foods, Hotels & Paper	₹285.00	+2.22%	16.2x	29.3%	38.9%	0.03	₹3.21 Lakh Cr
Nestle India Ltd (NESTLEIND)	Packaged Foods & Nutrition	₹1,288.00	-0.76%	68.3x	74.2%	85.3%	0.09	₹2.53 Lakh Cr
Varun Beverages Ltd (VBL)	Sector Peer	₹433.65	-0.31%	44.0x	16.2%	19.7%	0.13	₹1.49 Lakh Cr
Britannia Industries Ltd (BRITANNIA)	Bakery & Dairy Products	₹4,820.00	+0.63%	44.2x	53.5%	56.0%	0.27	₹1.15 Lakh Cr
Marico Ltd (MARICO)	Sector Peer	₹925.00	+2.55%	54.2x	42.8%	47.0%	0.13	₹1.02 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:06:48 IST	✓ Live Sync
Financial Statements (10Y)	Dabur India Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Dabur India Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Dabur India Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Fast Moving Consumer Goods)

Metric Explainer

Stock DNA Methodology

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