Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Gillette India Limited (GILLETTE.BO)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$4,080.80 - $10,659.44$6,210.26
Multi-Stage$2,847.29 - $3,108.49$2,975.53
Blended Fair Value$4,592.90
Current Price$9,480.00
Upside-51.55%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS29.60%22.05%110.00135.0071.0069.00132.0030.0942.0012.04174.0019.88
YoY Growth---18.52%90.14%2.90%-47.73%338.67%-28.36%248.87%-93.08%775.24%32.53%
Dividend Yield--1.01%1.59%1.16%1.33%2.24%0.56%0.59%0.18%3.10%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,739.90
(-) Cash Dividends Paid (M)2,118.00
(=) Cash Retained (M)3,621.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,147.98717.49430.49
Cash Retained (M)3,621.903,621.903,621.90
(-) Cash Required (M)-1,147.98-717.49-430.49
(=) Excess Retained (M)2,473.922,904.413,191.41
(/) Shares Outstanding (M)32.5832.5832.58
(=) Excess Retained per Share75.9289.1497.94
LTM Dividend per Share65.0065.0065.00
(+) Excess Retained per Share75.9289.1497.94
(=) Adjusted Dividend140.92154.14162.94
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate5.50%6.50%7.50%
Fair Value$4,080.80$6,210.26$10,659.44
Upside / Downside-56.95%-34.49%12.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,739.906,112.996,510.346,933.517,384.197,864.168,100.09
Payout Ratio36.90%47.52%58.14%68.76%79.38%90.00%92.50%
Projected Dividends (M)2,118.002,904.873,785.094,767.475,861.567,077.747,492.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.14%9.14%9.14%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,636.532,661.522,686.52
Year 2 PV (M)3,118.093,177.483,237.43
Year 3 PV (M)3,564.563,666.883,771.15
Year 4 PV (M)3,977.744,130.724,288.06
Year 5 PV (M)4,359.374,569.934,788.55
PV of Terminal Value (M)75,120.8578,749.2282,516.45
Equity Value (M)92,777.1596,955.75101,288.15
Shares Outstanding (M)32.5832.5832.58
Fair Value$2,847.29$2,975.53$3,108.49
Upside / Downside-69.97%-68.61%-67.21%

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