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Hindustan Unilever Ltd
NSE:HINDUNILVR

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Hindustan Unilever Ltd
NSE:HINDUNILVR
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Price: 2 311.8999 INR 0.98% Market Closed
Market Cap: ₹5.4T

EV/S

8.2
Current
10%
Cheaper
vs 3-y average of 9.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
8.2
=
Enterprise Value
₹5.5T
/
Revenue
₹648.7B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
8.2
=
Enterprise Value
₹5.5T
/
Revenue
₹648.7B

Valuation Scenarios

Hindustan Unilever Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (9.1), the stock would be worth ₹2 564.44 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-67%
Maximum Upside
+14%
Average Downside
27%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 8.2 ₹2 311.9
0%
3-Year Average 9.1 ₹2 564.44
+11%
5-Year Average 9.4 ₹2 643.36
+14%
Industry Average 2.7 ₹767.22
-67%
Country Average 2.9 ₹808.35
-65%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹5.5T
/
Jan 2026
₹648.7B
=
8.2
Current
₹5.5T
/
Mar 2026
₹658.8B
=
8.3
Forward
₹5.5T
/
Mar 2027
₹712.3B
=
7.7
Forward
₹5.5T
/
Mar 2028
₹771.7B
=
7.1
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
Hindustan Unilever Ltd
NSE:HINDUNILVR
5.4T INR 8.2 37.4
FR
L'Oreal SA
PAR:OR
195.2B EUR 4.4 31.8
UK
Unilever PLC
LSE:ULVR
91.9B GBP 2.6 11.2
UK
HALEON PLC
LSE:HLN
30.3B GBP 3.3 18.2
US
Estee Lauder Companies Inc
NYSE:EL
27.9B USD 2.2 -153.8
DE
Beiersdorf AG
XETRA:BEI
15.4B EUR 1.3 16.4
JP
Kao Corp
TSE:4452
2.7T JPY 1.5 22.6
IN
Godrej Consumer Products Ltd
NSE:GODREJCP
1.1T INR 7.5 62
CA
Relevium Technologies Inc
XTSX:RLV
12.2B CAD 855.7 -4 624.4
IN
Dabur India Ltd
NSE:DABUR
798.4B INR 5.9 44
JP
Shiseido Co Ltd
TSE:4911
1.3T JPY 1.5 -31.9
P/E Multiple
Earnings Growth PEG
IN
Hindustan Unilever Ltd
NSE:HINDUNILVR
Average P/E: 30.4
37.4
7%
5.3
FR
L'Oreal SA
PAR:OR
31.8
13%
2.4
UK
Unilever PLC
LSE:ULVR
11.2
-6%
N/A
UK
HALEON PLC
LSE:HLN
18.2
11%
1.7
US
Estee Lauder Companies Inc
NYSE:EL
Negative Multiple: -153.8 N/A N/A
DE
Beiersdorf AG
XETRA:BEI
16.4
6%
2.7
JP
Kao Corp
TSE:4452
22.6
10%
2.3
IN
Godrej Consumer Products Ltd
NSE:GODREJCP
62
18%
3.4
CA
Relevium Technologies Inc
XTSX:RLV
Negative Multiple: -4 624.4 N/A N/A
IN
Dabur India Ltd
NSE:DABUR
44
11%
4
JP
Shiseido Co Ltd
TSE:4911
Negative Multiple: -31.9 N/A N/A

Market Distribution

Higher than 84% of companies in India
Percentile
84rd
Based on 2 864 companies
84rd percentile
8.2
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Hindustan Unilever Ltd
Glance View

Hindustan Unilever Ltd. (HUL) stands as a titan within India's fast-moving consumer goods (FMCG) sector, presenting a narrative of strategic growth and market leadership. Originating as an arm of the British company Lever Brothers in 1933, it has evolved into an integral part of Indian households, offering a diversified portfolio that spans across personal care, home care, food and refreshments. Anchored by a robust distribution network that penetrates urban hearts and rural expanses alike, HUL efficiently reaches millions of consumers. This network is further strengthened by a deep understanding of local markets acquired through decades of entrenched presence in India, allowing the company to tailor products that resonate with cultural preferences and evolving consumer demands. HUL thrives through its formidable brand portfolio, encompassing iconic names like Dove, Lux, Surf Excel, and Lipton, each contributing significantly to its revenue streams. The company operates under a model that emphasizes both innovation and sustainability, focusing on value creation by constantly evolving its product offerings. Research and development play a crucial role, fostering innovations that address consumer needs while adhering to its 'Sustainable Living Plan'. This approach not only cements customer loyalty but also fortifies its competitive edge. HUL's revenue model is thus a symphony of brand strength, distribution efficiency, and sustainable practices, harnessing these to leverage economies of scale and maintain robust profit margins in a dynamic market landscape.

HINDUNILVR Intrinsic Value
1 116.7928 INR
Overvaluation 52%
Intrinsic Value
Price ₹2 311.8999
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