Hindustan Unilever Ltd (HINDUNILVR) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: 80/100 (Strong)

Business Quality 99/100

ROE (Return on Equity): 31.0%

ROCE (Return on Capital): 28.4%

Explain Methodology →

Financial Health 99/100

Debt to Equity: 0.03x

Solvency Runway: High (Interest Coverage > 8x)

Explain Methodology →

Growth Trajectory 20/100

Annual Revenue Growth: 3.1% YoY

Net Profit Growth: 1.5% YoY

Explain Methodology →

Profitability & Margins 99/100

Operating Margin (OPM): 23.0%

Net Profit Margin: 16.9%

Explain Methodology →

Cash Flow Quality 95/100

Free Cash Flow (FCF): Cash Accretive

CFO to EBITDA Conversion: > 75% Conversion Rate

Explain Methodology →

Valuation Attractiveness 57/100

Stock P/E Multiple: 38.2x

Price to Book (P/B): 9.1x

Explain Methodology →

Price & Trend Momentum 73/100

14-Day RSI: 57.6 (Neutral/Bullish)

DMA Alignment: Trading Above 50 & 200 DMA

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Governance & Risk 85/100

Promoter Pledge: 0.0% (Clean)

Statutory Auditor Opinion: Unqualified / Clean Pass

Explain Methodology →

⚡ What Changed? (Recent Signal Radar)

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

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+1.61%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 9.5%

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

Inspect Evidence →

Capital Productivity ⚙️

ROE: 31.0%

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

₹1,951.62

200-Day DMA ● Overlay

₹1,810.05

14-Day RSI ● Overlay

57.6 (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

₹4.31 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

38.2x

Price / EPS

Book Value (₹) Assets

₹207.0

P/B: 9.1x

ROE (%) Quality

31.0%

Net Profit / Equity

ROCE (%) Efficiency

28.4%

EBIT / Capital

Dividend Yield Yield

2.23%

Face Value: ₹10

Debt / Equity Solvency

0.03x

Low Debt

EPS (TTM) Per Share

₹48.06

Trailing 12M

OPM (%) Spread

23.0%

EBITDA Margin

Free Cash Flow Cash

₹9,667 Cr

CFO - Capex

About Hindustan Unilever Ltd

Website →

Hindustan Unilever is India’s largest Fast Moving Consumer Goods company with a 90-year heritage touching 9 out of 10 Indian households daily.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 16.6% × Turnover: 0.85x × Leverage: 1.03x = ROE: 31%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Company has a stellar track record of return on equity (ROE of 31.0%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 9.1x 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

₹66,052 Cr

Latest PAT

₹14,971 Cr

EPS (TTM)

₹48.06

OPM %

23.0%

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	₹15,496 Cr	₹15,623 Cr	₹15,567 Cr	₹15,210 Cr	₹15,707 Cr	₹15,926 Cr	₹15,556 Cr	₹15,190 Cr	₹15,757 Cr	₹15,919 Cr	₹16,441 Cr	₹16,351 Cr	₹17,341 Cr
Operating Profit (EBITDA)	₹3,664 Cr	₹3,795 Cr	₹3,665 Cr	₹3,535 Cr	₹3,742 Cr	₹3,787 Cr	₹3,689 Cr	₹3,618 Cr	₹3,639 Cr	₹3,782 Cr	₹3,781 Cr	₹3,837 Cr	₹3,947 Cr
OPM %	24.0%	24.0%	24.0%	23.0%	24.0%	24.0%	24.0%	24.0%	23.0%	24.0%	23.0%	23.0%	23.0%
Interest Expense	₹50.00 Cr	₹88.00 Cr	₹91.00 Cr	₹105.00 Cr	₹93.00 Cr	₹110.00 Cr	₹109.00 Cr	₹77.00 Cr	₹122.00 Cr	₹124.00 Cr	₹88.00 Cr	₹76.00 Cr	₹75.00 Cr
Depreciation	₹286.00 Cr	₹297.00 Cr	₹313.00 Cr	₹320.00 Cr	₹329.00 Cr	₹338.00 Cr	₹318.00 Cr	₹318.00 Cr	₹326.00 Cr	₹322.00 Cr	₹337.00 Cr	₹348.00 Cr	₹353.00 Cr
Profit before Tax (PBT)	₹3,474 Cr	₹3,588 Cr	₹3,445 Cr	₹3,419 Cr	₹3,529 Cr	₹3,542 Cr	₹3,995 Cr	₹3,372 Cr	₹3,294 Cr	₹3,605 Cr	₹7,404 Cr	₹3,916 Cr	₹3,632 Cr
Net Profit (PAT)	₹2,556 Cr	₹2,657 Cr	₹2,508 Cr	₹2,561 Cr	₹2,612 Cr	₹2,595 Cr	₹2,989 Cr	₹2,475 Cr	₹2,768 Cr	₹2,694 Cr	₹6,603 Cr	₹2,994 Cr	₹2,680 Cr
EPS in ₹	₹10.87	₹11.30	₹10.68	₹10.89	₹11.11	₹11.03	₹12.70	₹10.49	₹11.73	₹11.43	₹28.12	₹12.73	₹11.38

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	₹31,972 Cr	₹32,186 Cr	₹33,162 Cr	₹35,545 Cr	₹39,310 Cr	₹39,783 Cr	₹47,028 Cr	₹52,446 Cr	₹60,580 Cr	₹61,896 Cr	₹61,328 Cr	₹64,468 Cr	₹66,052 Cr
Expenses	₹26,560 Cr	₹26,276 Cr	₹26,834 Cr	₹28,046 Cr	₹30,430 Cr	₹29,922 Cr	₹35,402 Cr	₹39,589 Cr	₹46,433 Cr	₹47,237 Cr	₹46,630 Cr	₹49,429 Cr	₹50,705 Cr
Operating Profit	₹5,412 Cr	₹5,910 Cr	₹6,328 Cr	₹7,499 Cr	₹8,880 Cr	₹9,861 Cr	₹11,626 Cr	₹12,857 Cr	₹14,147 Cr	₹14,659 Cr	₹14,698 Cr	₹15,039 Cr	₹15,347 Cr
OPM %	17%	18%	19%	21%	23%	25%	25%	25%	23%	24%	24%	23%	23%
Interest	₹18.00 Cr	₹17.00 Cr	₹35.00 Cr	₹26.00 Cr	₹33.00 Cr	₹118.00 Cr	₹117.00 Cr	₹106.00 Cr	₹114.00 Cr	₹334.00 Cr	₹381.00 Cr	₹410.00 Cr	₹363.00 Cr
Depreciation	₹322.00 Cr	₹353.00 Cr	₹432.00 Cr	₹520.00 Cr	₹565.00 Cr	₹1,002 Cr	₹1,074 Cr	₹1,091 Cr	₹1,137 Cr	₹1,216 Cr	₹1,253 Cr	₹1,333 Cr	₹1,360 Cr
Profit before Tax	₹6,320 Cr	₹6,026 Cr	₹6,467 Cr	₹7,306 Cr	₹8,604 Cr	₹9,165 Cr	₹10,605 Cr	₹11,879 Cr	₹13,344 Cr	₹13,926 Cr	₹14,419 Cr	₹18,219 Cr	₹18,557 Cr
Net Profit	₹4,376 Cr	₹4,151 Cr	₹4,490 Cr	₹5,227 Cr	₹6,060 Cr	₹6,756 Cr	₹7,999 Cr	₹8,892 Cr	₹10,143 Cr	₹10,282 Cr	₹10,671 Cr	₹15,059 Cr	₹14,971 Cr
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	63.66

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	₹216.00 Cr	₹216.00 Cr	₹216.00 Cr	₹216.00 Cr	₹216.00 Cr	₹216.00 Cr	₹235.00 Cr	₹235.00 Cr	₹235.00 Cr	₹235.00 Cr	₹235.00 Cr	₹235.00 Cr
Reserves & Surplus	₹3,811 Cr	₹6,357 Cr	₹6,528 Cr	₹7,065 Cr	₹7,651 Cr	₹8,013 Cr	₹47,439 Cr	₹48,826 Cr	₹50,069 Cr	₹50,983 Cr	₹49,167 Cr	₹48,504 Cr
Borrowings (Debt)	₹43.00 Cr	₹177.00 Cr	₹277.00 Cr	₹0 Cr	₹99.00 Cr	₹0 Cr	₹0 Cr	₹1,043 Cr	₹1,219 Cr	₹1,484 Cr	₹1,648 Cr	₹1,478 Cr
Total Liabilities	₹14,430 Cr	₹14,793 Cr	₹15,706 Cr	₹17,862 Cr	₹18,629 Cr	₹20,153 Cr	₹68,740 Cr	₹70,506 Cr	₹73,077 Cr	₹78,489 Cr	₹79,863 Cr	₹79,738 Cr
Fixed Assets	₹2,821 Cr	₹3,258 Cr	₹4,419 Cr	₹4,528 Cr	₹4,715 Cr	₹5,479 Cr	₹51,443 Cr	₹51,473 Cr	₹52,678 Cr	₹53,744 Cr	₹54,335 Cr	₹57,428 Cr
Total Assets	₹14,430 Cr	₹14,793 Cr	₹15,706 Cr	₹17,862 Cr	₹18,629 Cr	₹20,153 Cr	₹68,740 Cr	₹70,506 Cr	₹73,077 Cr	₹78,489 Cr	₹79,863 Cr	₹79,738 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)	₹3,292 Cr	₹4,171 Cr	₹5,185 Cr	₹6,059 Cr	₹5,800 Cr	₹7,623 Cr	₹9,163 Cr	₹9,048 Cr	₹9,991 Cr	₹15,469 Cr	₹11,886 Cr	₹10,999 Cr
Cash from Investing (CFI)	₹138.00 Cr	-₹282.00 Cr	-₹1,173 Cr	-₹1,063 Cr	-₹438.00 Cr	₹1,791 Cr	-₹1,228 Cr	-₹1,728 Cr	-₹1,484 Cr	-₹5,324 Cr	₹6,473 Cr	-₹3,676 Cr
Cash from Financing (CFF)	-₹3,462 Cr	-₹3,864 Cr	-₹4,214 Cr	-₹4,975 Cr	-₹5,390 Cr	-₹6,819 Cr	-₹9,309 Cr	-₹8,015 Cr	-₹8,953 Cr	-₹10,034 Cr	-₹13,101 Cr	-₹10,810 Cr
Free Cash Flow (FCF)	₹3,246 Cr	₹3,460 Cr	₹4,248 Cr	₹5,196 Cr	₹5,046 Cr	₹6,813 Cr	₹5,097 Cr	₹7,995 Cr	₹8,980 Cr	₹14,012 Cr	₹10,624 Cr	₹9,667 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)	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
Cash Conversion Cycle (Days)	-60	-67	-85	-107	-90	-101	-83	-64	-50	-70	-72	-89
ROCE %	139%	112%	91%	103%	116%	117%	39%	25%	27%	27%	28%	28%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹734.01 • Premium / Overvalued

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

Current Price

₹2,022.40

DCF Fair Value

₹734.01

Graham Number

₹473.12

Margin of Safety

-69.5%

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

₹734.01

Premium / Overvalued (Margin: -69.5%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹714	₹708	₹701	₹695
10%	₹728	₹721	₹714	₹708
12%	₹741	₹734	₹727	₹721
14%	₹754	₹747	₹740	₹734

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹734	Fairly Valued
Benjamin Graham Number	₹473	Market Priced
Historical Sector P/E	₹1,057	Premium
EV / EBITDA Multiplier	₹2,124	In-Line
Free Cash Flow Yield Model	₹1,982	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

6.13 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.03x (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 23.0%

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

61.90%

FIIs (Foreign)

9.50%

DIIs (Domestic)

16.92%

Government

0.15%

Public / Retail

11.60%

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	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 (Foreign Portfolio)	13.90%	13.65%	12.67%	11.87%	12.17%	11.43%	10.62%	10.18%	10.79%	10.71%	10.10%	9.50%
+ DIIs (Mutual Funds / Insurance)	11.90%	12.31%	13.21%	14.09%	14.13%	14.67%	15.48%	15.99%	15.62%	15.68%	16.33%	16.92%
+ Public (Retail & HNIs)	12.26%	12.11%	12.19%	12.11%	11.75%	11.94%	11.93%	11.86%	11.62%	11.64%	11.60%	11.60%
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 →

🎙️

HINDUNILVR Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

HINDUNILVR Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

HINDUNILVR 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%

₹2,588.67

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

⚖️ Base Case (50%) +12.0%

₹2,265.09

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 38x P/E.

🐻 Bear Case (15%) -12.0%

₹1,779.71

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 • 18:51 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Hindustan Unilever Ltd (HINDUNILVR)	Target Stock	₹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
United Spirits Ltd (UNITEDSPR)	Sector Peer	₹1,335.10	-1.40%	52.6x	21.4%	26.4%	0.05	₹97,396 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	18:51:51 IST	✓ Live Sync
Financial Statements (10Y)	Hindustan Unilever 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

Hindustan Unilever Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Hindustan Unilever 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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