DABUR INDIA LIMITED

Live Project : Industry

(Consumer Durables )
Study of past five years financial data of
Dabur India Limited.

ADARSH RAJ BARONIA (2011013) A

Group : 9
3/19/2012

Source of Data: www.capitaline.com & www.moneycontrol.com

Table of Contents

o EBIT, EAT and EPS.

o Debt capital and interest paid.

o All capital structure ratios.

o Dividend ratio, DPS, REPS.

o Stock price of the company.

o Equity, debt, hybrid instruments issued in all forms.

o Inventory, receivables, payables, cash and other working capital areas of the company

Adarsh Raj Baronia

2011013

Group 9 A

Introduction
Dabur India Limited is a leading Indian consumer goods company with interests in Hair
Care, Oral Care, Health Care, Skin Care, Home Care and Foods. From its humble
beginnings in the by lanes of Calcutta way back in 1884 as an Ayurvedic medicines
company, Dabur India Ltd has come a long way today to become a leading consumer
products manufacturer in India. For the past 125 years, we have been dedicated to
providing

nature-based

solutions

for

healthy

and

holistic

lifestyle.

Through our comprehensive range of products, we touch the lives of all consumers, in all
age groups, across all social boundaries. And this legacy has helped us develop a bond of
trust with our consumers. That guarantees you the best in all products carrying the
Dabur name.

DATA ANALYSIS
Year

Mar 11

Mar 10

Mar 09

Mar 08

Mar 07

EBIT

646.92

572.43

466.88

401.84

313.01

PAT

471.41

433.33

373.55

316.77

252.08

Earning Per Share (Unit Curr)

2.71

4.99

4.32

3.66

2.93

Key Ratios
Debt-Equity Ratio

0.20

0.17

0.13

0.04

0.05

Long Term Debt-Equity Ratio

0.03

0.03

0.02

0.04

0.05

Current Ratio

0.99

0.94

0.94

0.99

0.97

Fixed Assets Ratio

4.53

4.78

4.91

4.86

4.47

Inventory Ratio

8.68

10.28

10.47

11.81

12.00

Debtors Ratio

19.80

23.72

22.78

26.24

37.25

Interest Cover Ratio

47.11

40.07

30.37

34.44

42.74

PBIDTM (%)

19.63

19.88

19.26

18.97

19.12

ROCE (%)

57.14

62.58

62.66

80.43

69.37

RONW (%)

50.95

58.27

58.99

68.01

59.24

Debtors Velocity (Days)

18.00

17.00

17.00

15.00

13.00

Creditors Velocity (Days)

54.00

50.00

49.00

45.00

41.00

Turnover Ratios

Adarsh Raj Baronia

2011013

Group 9 A

Assets Utilization Ratio (times)

Value of Output/Total Assets

1.63

1.71

1.92

2.14

2.15

Value of Output/Gross Block

4.60

5.20

5.41

5.71

6.10

19.63

19.88

19.26

18.97

19.12

2.58

3.36

2.78

3.98

4.06

Dupont Model
PBIDT/Sales(%)
Sales/Net Assets

0.51

0.67

0.54

0.76

0.78

72.87

75.70

80.01

78.83

80.53

1.16

1.14

1.18

1.01

1.00

50.95

58.27

58.99

68.01

59.24

Price Earning (P/E)

38.12

34.11

24.55

32.23

34.91

Price to Book Value ( P/BV)

15.17

18.36

11.57

17.99

20.33

Price/Cash EPS (P/CEPS)

35.10

31.58

22.75

29.63

31.89

EV/EBIDTA

25.95

23.94

18.28

23.50

26.08

5.07

4.78

3.52

4.48

5.00

17.57

24.27

8.26

16.45

19.28

Unsecured Loans

239.87

85.70

130.72

0.89

0.80

Total Debt

257.44

109.97

141.37

17.34

20.08

PBDIT/Net Assets
PAT/PBIDT(%)
Net Assets/Net Worth
ROE(%)

Valuation ratios

Market Cap/Sales

Debt Capital (in Crores)

Secured Loans

Interest Paid
Debenture Interest

0.00

0.00

0.00

0.00

0.00

Fixed Interest

2.15

10.13

6.67

3.37

0.03

Other Interest

8.52

0.15

4.31

4.49

4.34

Financial Charges

2.26

3.21

3.49

3.06

2.44

Total Interest Paid

12.93

13.49

14.47

10.92

6.81

Adarsh Raj Baronia

2011013

Group 9 A

Stock Price
Year( March19,xx )

2012

2011

2010

2009

2008

Open Price

103

96

82.5

47.05

53.5

Close Price

104.5

97.45

82.98

47.38

53.5

Low Price

102.5

96

81.78

46.13

50.75

Last Price

104.2

96.7

81.93

46.63

51.95

Dividend
Dividend
Equity Dividend %
Reatined Earnings Per Share-Unit
Curr(REPS)
Dividend Per Share(DPS)

200.19

173.60

151.39

129.60

122.13

115.00

200.00

175.00

150.00

175.00

2.52

4.65

4.02

3.41

2.72

1.15

2.00

1.75

1.50

1.75

Equity Issued
Period

Instrument

Adarsh Raj Baronia

(Rs. cr)

To

From

Authorized
Capital

2010.00

2011.00

Equity Share

200.00

2009.00

2010.00

Equity Share

145.00

2008.00

2009.00

Equity Share

145.00

2007.00

2008.00

Equity Share

145.00

2006.00

2007.00

Equity Share

125.00

2005.00

2006.00

Equity Share

125.00

2004.00

2005.00

Equity Share

50.00

2003.00

2004.00

Equity Share

50.00

2002.00

2003.00

Equity Share

50.00

2011013

Group 9 A

Debt
Secured Loans
Convertible Debentures

0.00

0.00

0.00

0.00

0.00

Non Convertible Debentures

0.00

0.00

0.00

0.00

0.00

Partly Convertible Debentures

0.00

0.00

0.00

0.00

0.00

Term Loans Institutions

0.00

0.00

0.00

1.10

3.80

Term Loans Banks

16.24

22.37

8.25

10.99

15.48

Term Loans Others

0.00

0.00

0.00

4.36

0.00

Borrowings from Government of India

0.00

0.00

0.00

0.00

0.00

Deferred Credit / Hire Purchase

1.33

1.90

2.40

0.00

0.00

Working Capital Advances

0.00

0.00

0.00

0.00

0.00

Secured Loans Others

0.00

0.00

0.00

0.00

0.00

Debentures / Bonds

0.00

0.00

0.00

0.00

0.00

Loans from Group Cos

0.00

0.00

0.00

0.00

0.00

233.19

78.90

110.01

0.24

0.26

Deferred Tax

2.59

2.90

0.00

0.00

0.00

Commercial Paper

0.00

0.00

20.00

0.00

0.00

Unsecured Loans Others

0.00

0.00

0.00

0.00

0.00

TOTAL DEPOSITS

4.09

3.90

0.71

0.65

0.54

Inter corporate Deposits

0.00

0.00

0.00

0.00

0.00

135.89

87.78

71.27

57.50

41.35

64.35

51.57

53.11

33.50

25.17

181.71

116.18

98.20

78.92

66.08

78.63

42.91

39.14

31.23

24.77

Unsecured Loans

Loans from Banks

Inventories
Raw Materials
Work-in Progress
Finished Goods
Packing Materials

Adarsh Raj Baronia

2011013

Group 9 A

Receivables
13.25

18.68

12.61

8.86

6.51

201.36

123.74

112.10

96.77

56.53

Less : Provisions for Doubtful Debts

12.15

11.94

12.35

5.17

2.06

Loans to Subsidiary

10.50

3.90

0.00

0.04

10.01

2.01

2.23

2.27

4.27

2.14

Deposits with Government

33.43

27.17

23.27

19.27

14.63

Deposits Others

15.44

17.20

14.55

9.96

6.42

323.61

242.50

163.73

126.21

81.33

Advances to suppliers

40.95

20.06

14.11

13.24

7.70

Advances recoverable in cash or kind

14.59

12.06

9.35

9.95

5.58

Debtors more than Six months

Debtors Others

Loans to Others

Advance Tax

Payables
Sundry Creditors

429.85

349.02

281.43

259.73

199.36

Creditors for Goods

193.51

98.87

107.76

88.49

56.79

Creditors for Finance

236.34

250.15

179.37

171.24

142.57

Creditors for Others

0.00

0.00

-5.70

0.00

0.00

59.05

60.87

45.27

51.58

67.23

3.73

19.12

1.94

1.95

3.25

0.00

0.00

0.00

1.65

3.88

Trade and Other deposits

0.00

0.00

0.00

0.06

0.10

Unclaimed Dividend

3.64

3.04

2.56

2.15

3.82

Interest Accrued But Not Due

0.01

0.01

0.01

0.10

0.06

Other Liabilities

0.00

0.00

0.00

0.00

0.00

Acceptances
Advances from Customers / Credit
balances
Due to Subsidiary / Group Companies

Cash
Balance with Bank

101.76

53.58

43.92

74.63

57.36

Term Deposit with Banks

168.67

137.91

102.50

1.39

2.98

1.99

0.82

2.01

0.55

0.33

Capital Advances

10.63

21.87

0.00

0.00

0.00

Other Capital Work in Progress

32.38

8.22

59.33

44.35

7.34

Cash in hand / others

Working Capital

Adarsh Raj Baronia

2011013

Group 9 A

Adarsh Raj Baronia

2011013

Group 9 A