Dabur India Limited (DABUR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dabur India Limited stock ₹372, price ₹380, that is 2.2% below the price, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹357.80 – ₹654.07 · fair‑value band ₹261.48 – ₹466.88 · the ₹380.35 price screens above the ₹371.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Dabur India Limited operates as a fast moving consumer goods company worldwide. It operates through Consumer Care Business, Foods Business, Retail Business, and Other segments.
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The company provides health supplements under the Dabur Chyawanprash, Dabur Honey, and Dabur Glucose brand name; digestive products under the Hajmola and Pudin Hara; cough and cold products under the Honitus brands name; rejuvenators under the Shilajit brand name; health juices; nutraceuticals under the Siens brand name; and baby care products under the Dabur Lal Tail, Janma Ghunti, Gripe Water, and Dabur Baby brand names, as well as Ayurvedic Ethicals.
It also offers hair care products under the Dabur Amla Hair Oil, Vatika, and Cool King brands; oral care products under the Dabur Red Toothpaste, Dabur Meswak, and Dabur Herb'l Toothpaste brand names; skin care products, including rose water, moisturising creams and lotions, soaps, body wash, toners, facial bleaches, and depilatory creams under the Dabur Gulabari and Fem & OxyLife brand names; and home care products, such as air fresheners under Odonil name, mosquito repellents under the Odomos brand, and surface cleaners under the Sanifresh brand name.
In addition, the company provides beverages under the Réal and Réal Activ brand names; foods under the Dabur and Hommade brands; and spices under the Badshah brand, as well as edible oils and ghee which includes Dabur Cold Pressed Mustard Oil, Dabur Cold Pressed Sesame Oil, Dabur Cold Pressed Groundnut Oil, Dabur Virgin Coconut Oil and Dabur 100% Cow Ghee.
It also operates specialized beauty retail stores that offer a range of cosmetics, fragrances, skin care, and personal care products, as well as beauty and fashion accessories under the NewU brand name. Dabur India Limited was founded in 1884 and is based in Ghaziabad, India.
Stock analysis
Dabur India Limited (DABUR) currently trades at ₹380.35, while our model-based Fair Value estimate is ₹371.88, so the stock looks roughly fairly valued today (gap 2.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹203.56 per share, and 0 of the 26 models we run sit above the ₹380.35 price.
Bear case: the Economic Profit group reads lowest at ₹80.99, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹261.48 (bear) to ₹466.88 (bull), the price of ₹380.35 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dabur India Limited reported revenue of ₹132B in FY2026 versus ₹109B in FY2022, a compound +4.9%/yr. Reported net income was ₹19.0B in FY2026, compounding +2.2%/yr from FY2022.
Key figures
Market cap ₹676B (≈ $7.2B) Mid · P/E ratio 33.4 · P/S ratio 4.86 · EPS (TTM) ₹11.39 · Dividend yield 2.1% · Net margin 14.5% · Return on equity 17.2% · Return on assets (EBIT) 21.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −2%, DABUR screens cheaper than that median.
Fair Value models
Bear₹261.48Fair Value ₹371.88Bull₹466.88
Price ₹380.35 · Downside -2.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹2.06 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
Start year 2021 (pandemic). Over 10 years: +4.6% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.7%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.7% vs 4.2%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 15%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +13.7% a year for the price and +3.4% for the forecasts.
AI conclusion: Dabur's core strength is a moderate moat from established brands and distribution, while limited innovation and rural demand weakness remain the main constraints.
Main risk: Regional and direct-to-consumer brands offering comparable natural formulations at lower prices could erode Dabur's market share and force margin pressure in personal care and staples categories.
Bull case: Dabur could leverage its D2C acquisitions and distribution strength to integrate cheaper rivals' offerings or use AI for targeted innovation and cost efficiencies that defend volumes.
Bear case: Persistent competition from lower-priced D2C and regional players combined with stricter FSSAI rules could steadily erode volumes and margins in core Ayurvedic and food portfolios over several years.
Dabur is expanding its reach through more D2C acquisitions and the recent integration of Sesa Care while its core staples portfolio contends with persistent rural demand weakness and rising input costs. Management has guided for double-digit revenue and profit growth in the current quarter despite these pressures. Will the new channels and brands accelerate volume recovery across the business, or will cautious consumers and competition keep growth capped?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Household & Personal Products · 230 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−2.2% · Below median
Profitability
Return on equity (12 months)17.2% · Top 25%
Return on assets10.8% · Top 25%
Net margin (12 months)14.5% · Top 25%
Operating margin (12 months)14.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)11.6% · Above median
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Dabur India Limited Fair Value". https://www.fairvalue-calculator.com/stock/DABUR
Frequently asked questions
Is Dabur India Limited (DABUR) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹371.88 versus a price of ₹380.35, about 2% lower (fairly valued).
What is the fair value of DABUR?
Our model-based fair value for Dabur India Limited is ₹371.88 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹380.35.
What is the quality score of DABUR?
Dabur India Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dabur India Limited (DABUR)?
Our model-based price target is the fair value of ₹371.88 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ₹261.48, optimistic scenario ₹466.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Dabur India Limited stock forecast for 2026?
Our models put fair value at ₹371.88, about 2% lower versus a price of ₹380.35 (fairly valued). Cautious scenario ₹261.48, optimistic scenario ₹466.88. The calculation is refreshed regularly with new filings.
What is the revenue of Dabur India Limited (DABUR)?
Dabur India Limited reported trailing-twelve-month revenue of about ₹139B (latest available figure, as of Nov 7, 2026).
Does Dabur India Limited pay a dividend?
Dabur India Limited currently shows a dividend yield of 2.10% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Dabur India Limited (DABUR) and when is the ex-dividend date?
Dabur India Limited pays a dividend of ₹8.00 per share a year, a dividend yield of 2.1%. The next ex-dividend date is Nov 9, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 70.2% of earnings. Free cash flow covers the dividend 1.63 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Dabur India Limited (DABUR)?
For today's price to be fair in a discounted-cash-flow model, Dabur India Limited would have to grow free cash flow by +18.4 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of DABUR use?
Our models discount Dabur India Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.43, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dabur India Limited that is +18.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Dabur India Limited (DABUR) delivered so far?
Over the past 5 years revenue at Dabur India Limited grew +6.8 % a year. The price currently implies free-cash-flow growth of +18.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dabur India Limited (DABUR) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Dabur India Limited (+18.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dabur India Limited (DABUR)?
The free-cash-flow yield on the price is 3.43 %: that much free cash flow Dabur India Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dabur India Limited (DABUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dabur India Limited it is ₹371.88 per share (as of Nov 7, 2026), against a price of ₹380.35. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dabur India Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DABUR trades above its calculated fair value: price ₹380.35, fair value ₹371.88, a gap of about −2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DABUR?
No. The price is what the market pays today (₹380.35); the fair value is what the company's own numbers justify (₹371.88). For Dabur India Limited the two are ₹8.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dabur India Limited worth?
The market values Dabur India Limited at about ₹676B (market capitalisation, as of Nov 7, 2026). Per share that is ₹380.35; our models calculate a fair value of ₹371.88 per share.
What do the bullish and bearish scenarios say about DABUR?
Our models span a range for Dabur India Limited: cautious scenario ₹261.48, base ₹371.88, optimistic ₹466.88 per share (as of Nov 7, 2026, price ₹380.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DABUR?
Dabur India Limited trades at a price-to-earnings ratio of 33.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹371.88 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 50.7. Other multiples: PEG 3.2, P/B 5.9, P/S 4.9, EV/EBITDA 26.4.
What is the PEG ratio of DABUR?
The PEG ratio of Dabur India Limited is 3.16 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Dabur India Limited (DABUR)?
Balance-sheet figures for Dabur India Limited (as of Nov 7, 2026): return on equity 17.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is DABUR from its 52-week high?
Dabur India Limited trades at ₹380.35, about 28% below its 52-week high of ₹525.35 and 6% above the low of ₹357.80 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹371.88 is for.
Which stocks are comparable to Dabur India Limited?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, The Estée Lauder Companies Inc, Henkel AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dabur India Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹380.35, calculated fair value ₹371.88 (−2%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DABUR calculated?
We run Dabur India Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹371.88 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Dabur India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dabur India Limited (DABUR)?
The closing price on Nov 6, 2026 was ₹380.35. Our model-based fair value is ₹371.88, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dabur India Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Dabur India Limited (DABUR) come from?
Earnings per share at Dabur India Limited grew +4.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.3 %, EBIT margin +3.0 %, tax rate −0.4 %, residual (interest, one-offs) −3.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dabur India Limited
How large is the market capitalisation of Dabur India Limited (DABUR)?
The market capitalisation of Dabur India Limited is ₹676B (≈ $7.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dabur India Limited (DABUR)?
The price-to-sales ratio of Dabur India Limited is 4.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dabur India Limited (DABUR)?
Earnings per share at Dabur India Limited are ₹11.39 (price ÷ EPS = P/E 33.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dabur India Limited (DABUR)?
The dividend yield of Dabur India Limited is 2.1% (payout 70.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dabur India Limited (DABUR)?
The net margin of Dabur India Limited is 14.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dabur India Limited (DABUR)?
The return on equity (ROE) of Dabur India Limited is 17.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dabur India Limited (DABUR)?
On an EBIT basis the return on assets of Dabur India Limited is 21.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dabur India Limited (DABUR)?
The operating margin of Dabur India Limited is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dabur India Limited (DABUR)?
Revenue at Dabur India Limited is growing +11.6% versus a year earlier (3y avg +4.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dabur India Limited (DABUR)?
Earnings per share at Dabur India Limited are growing +11.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dabur India Limited (DABUR) carry?
The net debt of Dabur India Limited is ₹7.3B (fiscal year 2026, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026