Docstoc

HLL

Document Sample
HLL Powered By Docstoc
					                                                                                               Regd off: Hindustan Unilever House, 165/166, Backbay Reclamation, Mumbai - 20
HINDUSTAN UNILEVER LIMITED + $                                                                 E-Mail:    hllshare.cmpt@unilever.com
                                                                                               Web site: www.hul.co.in
                                                                                               Telephone: (022) 3983 2567 Fax: (022) 2202 6712
CONSUMER PRODUCTS                                                               UNILEVER       Tr agent: Karvy Computer, Plot 17 - 24, Vittalrao Nagar, Madhapur, Hyderabad - 81
Chairman: Harish Manwani                                                        SEC: Ashok Gupta (V. P. - Legal)                         AUD: Lovelock & Lewes
Yr of Inc   B. Code       BL. Code     F.V.         Price        % ch 1-m       % ch 12-m        P/E       P/CF           Yield         Mkt cap              Vol.             ISIN
 1933   500696            HUVR:IN       1           259.9          -6.2             7.4          22.6      20.9            2.9         566,441.8             631.6        INE030A01027
SHAREHOLDING                                                      FX Transaction (FY09)                               ADJUSTED DAILY SHARE PRICE DATA
Indian Promoters           :   0.0%               Exports (fob)          Rs m 15,545
Foreign collaborators      : 52.1%                Imports (cif)          Rs m 15,188                    (Rs)
Indian inst/Mut Fund       : 15.1%                Fx inflow              Rs m 19,419             330
FIIs/GDR                   : 14.4%                Fx outflow             Rs m 27,319                                                                          DAILY
Free float                 : 18.5%                Net fx                 Rs m -7,900
Shareholders               : 343,381                                                                                                                          100 DMA
                                                                                                 285
                           No. of months                   12            12            15
                             Year ending             31/12/06      31/12/07      31/03/09
EQUITY SHARE DATA
                                                                                                 240
High                                   Rs                 296            230            271
Low                                    Rs                 179            166            170
Sales per share                        Rs                56.2           63.7           94.0
Earnings per share                     Rs                 8.6             8.8          11.5      195
Cash flow per share                    Rs                  9.2            9.4          12.4
Dividends per share                    Rs                6.00           9.00           7.50
Dividend yield (eoy)                   %                  2.5            4.5             3.4
                                                                                                 150
Book value per share                   Rs                11.9             6.9            9.8
Shares outstanding (eoy)               m             2,206.77       2,177.46      2,179.88        Aug-06              Jun-07            Feb-08            Nov-08              Aug-09
Bonus/Rights/Conversions                                ESOP       BB,ESOP           ESOP
Price / Sales ratio                    x                   4.2            3.1            2.3                               No. of months                12            12            15
Avg P/E ratio                          x                 27.7           22.5           19.2                                  Year ending          31/12/06      31/12/07      31/03/09
                                                                                                CASH FLOW
P/CF ratio (eoy)                       x                 25.9           21.0           17.8
Price / Book Value ratio               x                 20.0           28.6           22.5     From Operations                         Rs   m      16,714           17,321     20,541
Dividend payout                        %                 70.0          102.3           65.3     From Investments                        Rs   m      -2,441           10,010      8,854
Avg Mkt Cap                            Rs m           524,108        431,137       480,664      From Financial Activity                 Rs   m     -13,914          -29,315    -13,377
No. of employees                       `000                NA             NA              15    Net Cashflow                            Rs   m         359           -1,985     16,017
Total wages/salary                     Rs m             6,885          7,815         11,890
Avg. sales/employee                    Rs Th               NA             NA      13,667.4                                        INTERIM RESULTS
Avg. wages/employee                    Rs Th               NA             NA          792.7                                           2QFY09  3QFY09            4QFY09         1QFY10
Avg. net profit/employee               Rs Th               NA             NA        1,669.7     Net sales                   Rs    m    41,109  43,787            40,354         45,027
                                                                                                Gross profit                Rs    m     5,594   7,640             5,963          7,151
INCOME DATA                                                                                     Gross profit margin         %            13.6     17.4             14.8           15.9
Net Sales                              Rs     m      124,109        138,711       205,011       Net profit                  Rs    m     4,379   6,625             5,021          5,366
Other income                           Rs     m        3,745          4,223         5,581       Net profit margin           %            10.7     15.1             12.4           11.9
Total revenues                         Rs     m      127,854        142,934       210,592
Gross profit                           Rs     m       16,126         18,969        27,029                                            KEY DATA
Depreciation                           Rs     m        1,357          1,419         2,000       Parameters                          Unit             CY06             CY07       FY09
Interest                               Rs     m          140            265           264       HPC                                 % of sales        73.0             72.5       73.4
Profit before tax                      Rs     m       18,374         21,508        30,346       Foods                               % of sales        15.0             16.1       16.1
Minority Interest                      Rs     m          -36            -40           -54       Exports                             % of sales        10.4              9.8        7.9
Prior Period Items                     Rs     m           -5             50           484       Advertising                         % of sales        11.6             10.5       10.5
Extraordinary Inc (Exp)                Rs     m        3,889          1,771           145       COGS                                % of sales        54.3             54.0       55.2
Tax                                    Rs     m        3,317          4,141         5,876
                                                                                                                                       NOTES
Profit after tax                       Rs     m       18,905         19,148        25,045
Gross profit margin                    %                13.0           13.7          13.2      HUL (earlier HLL) changed its name to show its continued commitment towards its
Effective tax rate                     %                18.1           19.3          19.4      local roots while leveraging the global scale and reputation of Unilever with its
                                                                                               consumers and other stakeholders in India. The company's turnover at Rs 100 bn is
Net profit margin                      %                15.2           13.8          12.2
                                                                                               over one third of the total branded/organised FMCG market in India. It is present in
BALANCE SHEET DATA                                                                             over 20 distinct categories in Home & Personal Care Products and Foods &
                                                                                               Beverages. The company has embarked on a major restructuring exercise focusing
Current assets                         Rs m            31,897         34,196        57,868     on improvement in quality of earnings, pruning its brand portfolio and securing a
Current liabilities                    Rs m            46,338         51,950        58,839     viable future for its non-core businesses spin-offs.
Net working cap to sales               %                 -11.6         -12.8           -0.5
Current ratio                          x                   0.7            0.7           1.0    Total sales grew by 7% YoY during 1HCY09 with Soaps and Detergents growing by
Inventory Turnover                     Days                 47            53             46    12% and Personal Products growing by 8% YoY. Sales of beverages and foods grew
Debtors Turnover                       Days                 14            12            10     by 16% and 11% respectively. Operating margins improved by 16% YoY on the back
Net fixed assets                       Rs m            15,852         17,477        21,359     of lower raw material costs as a percentage of sales. However, net profit grew by only
Share capital                          Rs m             2,207          2,177         2,180     12% YoY due to higher tax expenses as some of HUL's manufacturing facilities have
"Free" reserves                        Rs m            23,718         12,726        19,030     completed 100% tax exemption period.
Net worth                              Rs m            26,235         15,082        21,375     Aggressive pricing actions in its core categories have been targeted towards not only
Long term debt                         Rs m                 12              3             1    countering the commodity inflation, but also enabling the company to expand
Total assets                           Rs m            71,272         65,965        82,103     margins. HUL has done well in the past two years, even in the face of very aggressive
Interest coverage                      x                132.2           82.2         115.9     moves by its competitors, to maintain its market share. Also, the company is looking
Debt to equity ratio                   x                   0.0            0.0           0.0    at increasing its presence in new growth areas like foods and water. The
Sales to assets ratio                  x                   1.7            2.1           2.5    management has indicated that it intends to grow its top line aggressively in the future
Return on assets                       %                  72.6         128.7         118.4     by increasing its market share. However, pressure on the margins continues to
Return on equity                       %                  72.1         127.0         117.2     remain a cause of concern.
Return on capital                      %                  85.2         156.1         145.9
Exports to sales                       %                  10.1            9.1           7.6
Imports to sales                       %                   6.0            5.5           7.4
                                                                          GET MORE INFO AT WWW.EQUITYMASTER.COM

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:12
posted:11/6/2010
language:English
pages:1