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HINDUNILVR - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.2

Stock Code HINDUNILVR Market Cap 5,01,838 Cr. Current Price 2,136 ₹ High / Low 2,660 ₹
Stock P/E 46.9 Book Value 208 ₹ Dividend Yield 2.01 % ROCE 27.6 %
ROE 20.6 % Face Value 1.00 ₹ DMA 50 2,295 ₹ DMA 200 2,339 ₹
Chg in FII Hold -0.08 % Chg in DII Hold 0.06 % PAT Qtr 2,730 Cr. PAT Prev Qtr 2,621 Cr.
RSI 30.3 MACD -56.3 Volume 26,68,959 Avg Vol 1Wk 21,67,062
Low price 2,048 ₹ High price 2,660 ₹ PEG Ratio 8.83 Debt to equity 0.03
52w Index 14.4 % Qtr Profit Var 3.74 % EPS 63.8 ₹ Industry PE 42.7

📊 Core Financials

  • Quarterly PAT rose from ₹2,621 Cr. to ₹2,730 Cr. (~4% sequential growth, ~3.74% YoY growth).
  • ROE: 20.6% → strong profitability.
  • ROCE: 27.6% → excellent capital efficiency.
  • Debt-to-equity: 0.03 → virtually debt-free, strong financial health.
  • Dividend Yield: 2.01% → consistent shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 46.9 vs Industry PE 42.7 → trading at a premium.
  • P/B Ratio: 10.3 (Current Price ₹2,136 / Book Value ₹208) → expensive relative to assets.
  • PEG Ratio: 8.83 → valuation stretched compared to earnings growth.
  • Intrinsic Value: Current price above fair value, limited near-term upside.

🏢 Business Model & Competitive Advantage

  • Hindustan Unilever (HUL) is India’s largest FMCG company with a diversified portfolio across food, beverages, personal care, and household products.
  • Business model relies on mass-market consumption, brand loyalty, and distribution strength.
  • Competitive advantage: Strong brand equity, wide product range, and unmatched distribution network.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near ₹2,050–₹2,100 (close to 52-week low, RSI at 30.3 indicates oversold zone).
  • Long-Term Holding: Suitable for investors seeking stable compounding in FMCG sector, though valuations remain stretched.


✅ Positive

  • Strong profitability with ROE of 20.6% and ROCE of 27.6%.
  • Debt-free balance sheet ensures financial stability.
  • Consistent dividend yield of 2.01% supports long-term investors.

⚠️ Limitation

  • High P/E ratio (46.9) compared to industry average.
  • PEG ratio (8.83) suggests valuation stretched relative to growth.
  • FII holdings decreased (-0.08%), showing slight reduction in foreign investor confidence.

📉 Company Negative News

  • Stock trading below 50 DMA (₹2,295) and 200 DMA (₹2,339), indicating bearish momentum.
  • MACD at -56.3 signals weak technical trend.

📈 Company Positive News

  • Quarterly PAT increased from ₹2,621 Cr. to ₹2,730 Cr.
  • DII holdings increased (+0.06%), reflecting domestic institutional support.

🌐 Industry

  • FMCG industry PE at 42.7, slightly lower than HUL’s 46.9, showing relative overvaluation.
  • Industry growth driven by rising consumption, premiumization, and rural demand expansion.

🔎 Conclusion

  • HUL is fundamentally strong with excellent profitability, brand strength, and debt-free balance sheet.
  • Valuations are stretched, limiting near-term upside, but long-term prospects remain solid due to FMCG sector resilience.
  • Best strategy: Accumulate near ₹2,050–₹2,100 and hold long-term to benefit from stable compounding in India’s consumption growth story.

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