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HomeMarketStocksAdd Hindustan Unilever, target price Rs 2800: ICICI Securities

Add Hindustan Unilever, target price Rs 2800: ICICI Securities


has add call on Hindustan Unilever with a target price of Rs 2800. The current market price of is Rs 2541.85. Time period given by analyst is one year when . price can reach defined target.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 604573.33 Crore) operating in FMCG sector.

Hindustan Unilever Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 15253.00 Crore, up 3.36 % from last quarter Total Income of Rs 14757.00 Crore and up 16.44 % from last year same quarter Total Income of Rs 13099.00 Crore. Company reported net profit after tax of Rs 2670.00 Crore in latest quarter.

Investment Rationale
The brokerage expects KMB’s loan book to grow at CAGR of ~22% over FY22-24E. At CMP of ₹1903, the stock is available at 4.1(x) standalone FY24E Adj. BVPS of ₹463. Valuing the standalone entity with 4.8xFY24E BVPS and subsidiaries valuation at ₹84; it arrives at a target price of ₹2,304 (unchanged). It recommends BUY rating with a potential upside of 21%


Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.69 per cent, DIIs 9.79 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



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