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Hindustan Unilever Limited Amount: in Crores

This document contains financial information about Hindustan Unilever Limited such as free cash flow calculations, return on invested capital calculations, capital structure details, and cost of equity calculations for the years 2015-2016 to 2019-2020. It shows the company's net profit, depreciation, capital expenditures, working capital investments, and free cash flow to the firm over these years. Key metrics like ROIC are also presented.

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Sakshi Jain Jaipuria Jaipur
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348 views7 pages

Hindustan Unilever Limited Amount: in Crores

This document contains financial information about Hindustan Unilever Limited such as free cash flow calculations, return on invested capital calculations, capital structure details, and cost of equity calculations for the years 2015-2016 to 2019-2020. It shows the company's net profit, depreciation, capital expenditures, working capital investments, and free cash flow to the firm over these years. Key metrics like ROIC are also presented.

Uploaded by

Sakshi Jain Jaipuria Jaipur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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HINDUSTAN UNILEVER LIMITED Amount: in cro

FCFF Calculation 2015-16 2016-17 2017-18


EBIT 5,870.77 6,418.00 7,305.00
less: Taxes 2,031.76 2,221.14 2,528.11
NOPAT 3,839.01 4,196.86 4,776.89
Add: Depreciation 320.75 396.00 478.00
Less: Capital Expenditure 732.54 1,367.00 837.00
Less: Investment in Working Capital 17.47 -733.74 -215.00
FCFF 3,409.75 3,959.60 4,632.89

Capital Invested Calculation 2015-16 2016-17 2017-18


Net Fixed Assets 3,300.70 4,227.00 4,572.00
Add: Operating Working Capital -1,169.26 -1,903.00 -2,118.00
Capital Invested 2,131.44 2,324.00 2,454.00

Return On Invested Capital Calculation 2015-16 2016-17 2017-18


NOPAT 3,839.01 4,196.86 4,776.89
Invested Capital 2,131.44 2,324.00 2,454.00
ROIC 180% 181% 195%

Working Notes: 2014-15 2015-16 2016-17


Tax Rate 0.35 0.35

Inventories 2,602.68 2,528.36 2,362.00


Trade Receivables 782.94 1,064.52 928.00
Loans and Advances 657.27 673.29 306.00
Other Current Assets 59.28 62.46 507.00
Less: Trade Payables 5,288.90 5,497.89 6,006.00
Working capital -1,186.73 -1,169.26 -1,903.00
Amount: in crores
Source: HUL'S Annual Report

2018-19 2019-20
8,550.00 9,198.00
2,987.71 2,314.95
5,562.29 6,883.05
524.00 938.00
724.00 713.00
37.00 307.00
5,325.29 6,801.05

2018-19 2019-20
4,716.00 5,569.00
-2,081.00 -1,774.00
2,635.00 3,795.00

2018-19 2019-20
5,562.29 6,883.05
2,635.00 3,795.00
211% 181%

2017-18 2018-19 2019-20


0.35 0.35 0.25

2,359.00 2,422.00 2,636.00


1,147.00 1,673.00 1,046.00
829.00 543.00 1,410.00
560.00 351.00 533.00
7,013.00 7,070.00 7,399.00
-2,118.00 -2,081.00 -1,774.00
Amount-in crores
Capital Structure of HUL 2015-16 2016-17 2017-18 2018-19
Equity Proportion 3687.00 6490.00 7075.00 7659.00
Debt Proportion 0.00 0.00 0.00 0.00
Total Capital 3,687.00 6,490.00 7,075.00 7,659.00

Weight of Equity in Capital Structure 1.00 1.00 1.00 1.00


Weight of Debt in Capital Structure 0.00 0.00 0.00 0.00

Cost of Equity(DDM) 11.89% 11.96% 11.67% 11.92%


WACC 11.89% 11.96% 11.67% 11.92%
Cost of Equity(CAPM) 9.11% 11.84% 14.19% 12.85%
WACC 9.11% 11.84% 14.19% 12.85%

Ke Through DDM 2014-15 2015-16 2016-17 2017-18


DPS 15.00 16.00 17.00 20.00
MPS N/A 847.42 869.62 1201.80
Growth in Dividend - 0.07 0.06 0.18
Average Growth Rate ( BY GEOMETRIC MEAN) 0.10
Amount-in crores
2019-20 Source: HUL'S Annual Report
8031.00
0.00
8,031.00

1.00
0.00

11.30%
11.30%
11.98%
11.98%

2018-19 2019-20
22.00 25
1146.69 1926.1994
0.10 0.14
Amount-in crores
HUL FCFE Calculation 2015-16 2016-17 2017-18 2018-19 2019-20
Net Income 4,082.37 4,490.00 5,237.00 6,036.00 6,738.00
Add: Depreciation 320.75 396.00 478.00 524.00 938.00
Less: Capital Expenditure 732.54 1,367.00 837.00 724.00 713.00
Less: Investment in Working Capital 17.47 -733.74 -215.00 37.00 307.00
Net Long-term borrowings - - - - 352.00
FCFE 3,653.11 4,252.74 5,093.00 5,799.00 6,304.00
CAGR 15%
Source: HUL'S Annual Report

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