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Dabur India Limited (DABUR) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹766B

DI Dabur India Limited DABUR · NSE
Price₹410.00
Fair Value₹326.88
Upside-20.3%
Quality68/100
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Healthy Growth
Solidly profitable · 14.4% net margin
Low debt · generates free cash flow
1.91% dividend yield
Mixed vs. peers (8/15)
Wide moat 66/100
Evidence: High Range ₹245.16 – ₹408.60 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from ₹181.63 to ₹326.88 (+80.0%) since Jul 15, 2026. Share price −6.1% over the past month.

A solid business, but screening 20% overvalued on our models.

What matters now

  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ₹245.16 (bear) to ₹408.60 (bull), base ₹326.88. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹654.07 ₹409.65 Fair Value ₹326.88 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹409.65 – ₹654.07 · fair‑value band ₹245.16 – ₹408.60 · the ₹410.00 price screens above the ₹326.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Dabur India Limited (DABUR) currently trades at ₹410.00, while our model-based Fair Value estimate is ₹326.88, implying the stock looks roughly 20.3% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dabur India Limited generated revenue of ₹132B at a net margin of 14.4%. Revenue grew 7.3% year over year. It earns a return on equity of 16.2%. Net debt stands at ₹7.3B. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹245.16 (bear case) to ₹408.60 (bull case); at ₹410.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 2% 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 -20%, DABUR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹167.75 ₹276.55 ₹460.53 80
Residual Income ₹71.79 ₹88.13 ₹199.75 76
Rev-Margin DCF ₹106.87 ₹162.28 ₹228.86 74
All 26 models by family
DCF Models
FCF DCF ₹165.51 ₹274.11 ₹454.88 38
Owner Earnings ₹139.36 ₹230.48 ₹382.15 31
5Y Revenue Exit ₹106.87 ₹161.32 ₹230.34 39
5Y EBITDA Exit ₹137.89 ₹221.07 ₹319.29 41
5Y P/E Exit ₹158.22 ₹260.24 ₹369.82 38
10Y Revenue Exit ₹122.90 ₹179.27 ₹255.26 36
10Y EBITDA Exit ₹145.94 ₹222.40 ₹326.67 37
10Y P/E Exit ₹159.35 ₹250.67 ₹367.23 35
Earnings-Based
Graham-Dodd ₹72.64 ₹258.62 ₹348.27 54
Lynch FV ₹60.79 ₹86.85 ₹112.90 50
PEG = 1.0 ₹60.79 ₹86.85 ₹112.90 46
EPV ₹83.76 ₹97.99 ₹110.65 59
Dividend Discount
Gordon GGM ₹76.94 ₹167.98 ₹282.63 70
DDM Multi-Stage ₹76.94 ₹137.60 ₹175.06 61
Multiples
P/E Multiple ₹168.25 ₹224.33 ₹280.42 63
P/S Multiple ₹89.24 ₹118.99 ₹148.74 58
P/B Multiple ₹136.20 ₹181.60 ₹227.00 55
EV/EBIT ₹145.60 ₹193.10 ₹240.61 53
EV/EBITDA ₹137.84 ₹182.76 ₹227.68 54
EV/Revenue ₹81.17 ₹114.63 ₹148.10 43
Asset-Based
NCAV (Graham) ₹32.19 ₹43.13 ₹64.37 50
Growth DCF
Growth DCF ₹167.75 ₹276.55 ₹460.53 80
Rev-Margin DCF ₹106.87 ₹162.28 ₹228.86 74
Economic Profit
Residual Income ₹71.79 ₹88.13 ₹199.75 76
ROIC Compounder ₹89.74 ₹118.85 ₹158.29 72
Growth Earnings
Growth-Adj P/E ₹116.80 ₹166.86 ₹216.91 68

Widest divergence: DCF Models (₹222.40) versus Asset-Based (₹43.13). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹132B
Revenue growth (YoY) +7.3%
Net margin 14.4%
Return on equity 16.2%
Free cash flow ₹23.2B FY2026
P/E ratio 40.6
More key figures
Operating margin 12.2%
EPS (TTM) ₹10.64
Dividend yield 1.9%
EPS growth (YoY) +15.0%
Net debt ₹7.3B FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 38

Profitability 59
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹132B
Latest YoY
+5.0%
Avg. growth/yr (3Y)
+4.6%
Avg. growth/yr (5Y)
+6.8%
Avg. growth/yr (22Y)
+11.2%
Revenue +4.9%/yr
FY22 ₹109B
FY23 ₹115B
FY24 ₹124B
FY25 ₹126B
FY26 ₹132B
Net income +2.2%/yr
FY22 ₹17.4B
FY23 ₹17.1B
FY24 ₹18.4B
FY25 ₹17.7B
FY26 ₹19.0B

DABUR screens 20% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Dabur India Limited Fair Value". https://www.fairvalue-calculator.com/stock/DABUR

Peer Group

Household & Personal Products · 244 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside −20% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 40.6× · Pricier than 75% of peers
P/B 6.71× · Pricier than 75% of peers
P/S (TTM) 5.81× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 31.4× · Pricier than 75% of peers
PEG 3.16× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 6 · sector 28
FUTURE 37 · sector 4
PAST 65 · sector 26
HEALTH 100 · sector 98
DIVIDEND 38 · sector 50

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%
Amorepacific Corporation 090430 124,400 KRW 84,785 KRW -32%

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Frequently asked questions

Is Dabur India Limited (DABUR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹326.88 versus a price of ₹410.00, about −20% (overvalued).
What is the fair value of DABUR?
Our model-based fair value for Dabur India Limited is ₹326.88 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹410.00.
What is the quality score of DABUR?
Dabur India Limited has a Quality Score of 68/100. 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 revenue of Dabur India Limited (DABUR)?
Dabur India Limited reported trailing-twelve-month revenue of about ₹132B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DABUR?
The net profit margin of Dabur India Limited is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does Dabur India Limited pay a dividend?
Dabur India Limited currently shows a dividend yield of about 1.94% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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