HUL | Buy HUL, target price Rs 2780: Motilal Oswal

Motilal Oswal has a buy call on Hindustan Unilever (

HUL

) with a target price of Rs 2780. The current market price of Hindustan Unilever is Rs 2354.5.

Hindustan Unilever Ltd, incorporated in the year 1933, is a Large Cap company with a market cap of Rs 553499.44 Crore, operating in FMCG sector.

Hindustan Unilever’s key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2020.

Stock Score, Analysts’ Ratings & Recommendations

EARNINGS

FUNDAMENTAL

RELATIVE VALUATION

RISK

PRICE MOMENTUM

Stock score of Hindustan Unilever Ltd moved down by 1 in a week on a 10-point scale.

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Stock Analysis

Stock score of Hindustan Unilever Ltd is 7 on a scale of 10. View Stock Analysis »


Investment Rationale

While Motilal Oswal has cut its EPS forecasts for FY22E by 4.3 per cent on account of the Covid led disruption and higher-than-anticipated tax rates, it said, there is no material change to its FY23E EPS.

Motilal said, the company’s earnings growth has gained further momentum in recent years before Covid (an ~18 per cent EPS CAGR in the four years ended FY20 v/s a ~12 per cent CAGR over the 10 years ended FY20). This is particularly impressive given the weak mid-single-digit earnings growth posted by (much smaller) peers in recent years

Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 12542.00 Crore, up 2.51 per cent from last quarter’s Total Income of Rs 12235 Crore and up 32.37 per cent from last year same quarter’s Total Income of Rs 9475.00 Crore. Company has reported a net profit after tax of Rs 2191 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 14.9 per cent, DIIs 10.7 per cent and public and others 12.5 per cent.

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