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Hindustan Unilever Limited (HINDUNILVR) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹5.0T

HU Hindustan Unilever Limited HINDUNILVR · NSE
Price₹2,083
Fair Value₹1,000
Upside-52.0%
Quality69/100
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Healthy Growth
Highly profitable · 23.3% net margin
Low debt · generates free cash flow
1.95% dividend yield
Mixed vs. peers (8/15)
Wide moat 85/100
Evidence: High Range ₹591.01 – ₹1,436 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 20 days ago

Share price −5.7% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,436). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹591.01 to ₹1,436) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,875 ₹1,772 Fair Value ₹1,000 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ₹1,772 – ₹2,875 · fair‑value band ₹591.01 – ₹1,436 · the ₹2,083 price screens above the ₹1,000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Hindustan Unilever Limited (HINDUNILVR) currently trades at ₹2,083, while our model-based Fair Value estimate is ₹1,000, implying the stock looks roughly 52.0% overvalued today. We read business quality at 69/100 (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, Hindustan Unilever Limited generated revenue of ₹645B at a net margin of 23.3%. Revenue grew 4.3% year over year. It earns a return on equity of 21.6%. The balance sheet holds a net cash position of ₹17.7B. Fundamentals as of Jul 18, 2026

Our scenario range runs from ₹591.01 (bear case) to ₹1,436 (bull case); at ₹2,083, 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 23% below its 52-week high and 3% 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 -52%, HINDUNILVR screens richer 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 ₹551.85 ₹855.26 ₹1,322 80
Residual Income ₹402.67 ₹493.29 ₹1,999 76
Rev-Margin DCF ₹495.85 ₹801.53 ₹1,163 74
All 26 models by family
DCF Models
FCF DCF ₹543.56 ₹890.47 ₹1,463 38
Owner Earnings ₹802.91 ₹1,319 ₹2,169 31
5Y Revenue Exit ₹495.85 ₹802.97 ₹1,200 39
5Y EBITDA Exit ₹562.39 ₹930.26 ₹1,366 41
5Y P/E Exit ₹764.90 ₹1,318 ₹1,912 38
10Y Revenue Exit ₹491.95 ₹783.83 ₹1,187 36
10Y EBITDA Exit ₹551.44 ₹875.35 ₹1,319 37
10Y P/E Exit ₹684.67 ₹1,154 ₹1,755 35
Earnings-Based
Graham-Dodd ₹435.28 ₹1,502 ₹2,017 54
Lynch FV ₹347.26 ₹496.09 ₹644.91 50
PEG = 1.0 ₹347.26 ₹496.09 ₹644.91 46
EPV ₹459.65 ₹538.97 ₹609.47 59
Dividend Discount
Gordon GGM ₹414.47 ₹904.86 ₹1,522 70
DDM Multi-Stage ₹414.47 ₹733.64 ₹943.00 61
Multiples
P/E Multiple ₹960.17 ₹1,280 ₹1,600 63
P/S Multiple ₹514.46 ₹685.95 ₹857.44 58
P/B Multiple ₹466.73 ₹622.31 ₹777.89 55
EV/EBIT ₹798.53 ₹1,061 ₹1,324 53
EV/EBITDA ₹634.85 ₹843.08 ₹1,051 54
EV/Revenue ₹490.33 ₹696.11 ₹901.90 43
Asset-Based
NCAV (Graham) ₹103.72 ₹138.98 ₹207.44 50
Growth DCF
Growth DCF ₹551.85 ₹855.26 ₹1,322 80
Rev-Margin DCF ₹495.85 ₹801.53 ₹1,163 74
Economic Profit
Residual Income ₹402.67 ₹493.29 ₹1,999 76
ROIC Compounder ₹499.68 ₹642.81 ₹814.60 72
Growth Earnings
Growth-Adj P/E ₹828.72 ₹1,184 ₹1,539 68

Widest divergence: Growth Earnings (₹1,184) versus Asset-Based (₹138.98). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹645B
Revenue growth (YoY) +4.3%
Net margin 23.3%
Return on equity 21.6%
Free cash flow ₹102B FY2026
P/E ratio 46.3
More key figures
Operating margin 21.1%
EPS (TTM) ₹46.31
Dividend yield 2.0%
EPS growth (YoY) +21.4%
Net cash ₹17.7B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 75 · Market factors (momentum, volatility) 44

Profitability 83
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
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

Hindustan Unilever Limited, a fast-moving consumer goods company, manufactures and sells food, home care, and personal care products in India and internationally. It operates through Home Care, Beauty & Wellbeing, Personal Care, Foods, and Others segments.

Full company description

Hindustan Unilever Limited, a fast-moving consumer goods company, manufactures and sells food, home care, and personal care products in India and internationally. It operates through Home Care, Beauty & Wellbeing, Personal Care, Foods, and Others segments. The company offers detergent bars, detergent powders, detergent liquids, and scourers; skin care and hair care products; skin cleansing, oral care, bodywash, and deodorants; and culinary products, such as tomato based products, fruit based products, soups, etc., as well as tea, coffee, functional nutrition drinks, and lifestyle nutrition products. It is also involved in beauty salons, job work, real estate, and discharge trust business. Hindustan Unilever Limited was founded in 1888 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hindustan Unilever Limited reported revenue of ₹645B in FY2026 versus ₹523B in FY2022, a compound +5.4%/yr. Reported net income was ₹150B in FY2026, compounding +14.1%/yr from FY2022.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹645B
Latest YoY
+2.5%
Avg. growth/yr (3Y)
+2.2%
Avg. growth/yr (5Y)
+6.6%
Avg. growth/yr (22Y)
+8.6%
Revenue +5.4%/yr
FY22 ₹523B
FY23 ₹604B
FY24 ₹617B
FY25 ₹629B
FY26 ₹645B
Net income +14.1%/yr
FY22 ₹88.8B
FY23 ₹101B
FY24 ₹103B
FY25 ₹106B
FY26 ₹150B

HINDUNILVR screens 52% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Hindustan Unilever Limited Fair Value". https://www.fairvalue-calculator.com/stock/HINDUNILVR

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 69 · Top 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.02× · Lower than median

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

P/E (TTM) 46.3× · Pricier than 75% of peers
P/B 10.33× · Pricier than 75% of peers
P/S (TTM) 7.81× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 34.5× · Pricier than 75% of peers
PEG 3.69× · 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 0 · sector 29
FUTURE 22 · sector 4
PAST 86 · sector 27
HEALTH 99 · sector 98
DIVIDEND 39 · sector 50

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 18, 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%
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%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
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 Hindustan Unilever Limited (HINDUNILVR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ₹1,000 versus a price of ₹2,083, about −52% (overvalued).
What is the fair value of HINDUNILVR?
Our model-based fair value for Hindustan Unilever Limited is ₹1,000 (as of Jul 18, 2026), built from audited fundamentals. The current price is ₹2,083.
What is the quality score of HINDUNILVR?
Hindustan Unilever Limited has a Quality Score of 69/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Hindustan Unilever Limited (HINDUNILVR)?
Hindustan Unilever Limited reported trailing-twelve-month revenue of about ₹645B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HINDUNILVR?
The net profit margin of Hindustan Unilever Limited is about 23.3%, meaning it keeps roughly 23.3% of revenue as net income. Based on the latest reported figures.
Does Hindustan Unilever Limited pay a dividend?
Hindustan Unilever Limited currently shows a dividend yield of about 1.97% relative to its recent price (as of Jul 18, 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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