Nestle India Ltd
Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.
- Market Cap ₹ 2,39,376 Cr.
- Current Price ₹ 2,483
- High / Low ₹ 2,771 / 2,126
- Stock P/E 75.1
- Book Value ₹ 34.6
- Dividend Yield 0.67 %
- ROCE 153 %
- ROE 122 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 116%
- Company has been maintaining a healthy dividend payout of 78.6%
Cons
- Stock is trading at 71.6 times its book value
- The company has delivered a poor sales growth of 11.1% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - MNC
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,335 | 9,101 | 9,855 | 8,175 | 9,141 | 10,010 | 11,292 | 12,369 | 13,350 | 14,741 | 16,897 | 19,126 | 19,563 | |
6,509 | 7,153 | 7,816 | 6,620 | 7,292 | 7,913 | 8,675 | 9,443 | 10,149 | 11,178 | 13,191 | 14,655 | 14,839 | |
Operating Profit | 1,825 | 1,948 | 2,039 | 1,555 | 1,850 | 2,097 | 2,618 | 2,926 | 3,202 | 3,562 | 3,706 | 4,471 | 4,724 |
OPM % | 22% | 21% | 21% | 19% | 20% | 21% | 23% | 24% | 24% | 24% | 22% | 23% | 24% |
31 | 97 | 87 | -391 | 140 | 177 | 259 | 247 | 146 | -112 | 107 | 116 | 123 | |
Interest | 27 | 37 | 14 | 3 | 91 | 92 | 112 | 129 | 164 | 202 | 155 | 119 | 113 |
Depreciation | 277 | 330 | 338 | 347 | 354 | 342 | 336 | 370 | 370 | 391 | 403 | 429 | 436 |
Profit before tax | 1,553 | 1,678 | 1,774 | 814 | 1,545 | 1,839 | 2,429 | 2,673 | 2,813 | 2,857 | 3,256 | 4,038 | 4,298 |
Tax % | 31% | 33% | 33% | 31% | 35% | 33% | 34% | 26% | 26% | 26% | 27% | 26% | |
1,068 | 1,117 | 1,185 | 563 | 1,001 | 1,225 | 1,607 | 1,968 | 2,082 | 2,118 | 2,391 | 2,999 | 3,196 | |
EPS in Rs | 11.08 | 11.59 | 12.29 | 5.84 | 10.39 | 12.71 | 16.67 | 20.42 | 21.60 | 21.97 | 24.79 | 31.10 | 33.15 |
Dividend Payout % | 44% | 42% | 51% | 83% | 61% | 68% | 69% | 168% | 93% | 91% | 89% | 56% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 13% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 18% |
3 Years: | 14% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | 66% |
5 Years: | 103% |
3 Years: | 116% |
Last Year: | 122% |
Balance Sheet
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 |
Reserves | 1,702 | 2,272 | 2,741 | 2,721 | 3,186 | 3,324 | 3,577 | 1,822 | 1,923 | 1,850 | 2,363 | 2,363 |
1,050 | 1,189 | 20 | 18 | 33 | 35 | 35 | 189 | 147 | 266 | 271 | 271 | |
2,315 | 2,756 | 2,963 | 3,251 | 3,495 | 3,907 | 4,379 | 5,065 | 5,733 | 6,021 | 6,249 | 6,249 | |
Total Liabilities | 5,164 | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 |
3,204 | 3,369 | 3,177 | 2,898 | 2,730 | 2,616 | 2,401 | 2,341 | 2,179 | 2,995 | 3,044 | 3,044 | |
CWIP | 344 | 295 | 245 | 231 | 188 | 94 | 105 | 143 | 639 | 246 | 358 | 358 |
Investments | 365 | 851 | 812 | 1,325 | 1,756 | 1,979 | 2,658 | 1,751 | 1,464 | 774 | 778 | 778 |
1,251 | 1,799 | 1,586 | 1,633 | 2,136 | 2,673 | 2,924 | 2,937 | 3,618 | 4,219 | 4,799 | 4,799 | |
Total Assets | 5,164 | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 |
Cash Flows
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,693 | 1,796 | 1,644 | 1,098 | 1,466 | 1,818 | 2,052 | 2,295 | 2,454 | 2,236 | 2,737 | 3,392 | |
-941 | -441 | -432 | -70 | -126 | -131 | -52 | 83 | -321 | -1,920 | -392 | -927 | |
-513 | -580 | -1,635 | -498 | -666 | -997 | -1,317 | -3,602 | -1,956 | -2,020 | -2,123 | -2,436 | |
Net Cash Flow | 239 | 775 | -423 | 529 | 674 | 691 | 683 | -1,223 | 177 | -1,704 | 223 | 29 |
Ratios
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 5 | 4 | 4 | 4 |
Inventory Days | 86 | 79 | 82 | 103 | 107 | 91 | 92 | 107 | 107 | 111 | 110 | 83 |
Days Payable | 63 | 68 | 71 | 94 | 91 | 99 | 118 | 124 | 115 | 122 | 110 | 92 |
Cash Conversion Cycle | 28 | 14 | 15 | 12 | 20 | -5 | -22 | -14 | -3 | -7 | 4 | -5 |
Working Capital Days | -11 | -17 | -13 | -21 | -10 | -15 | -21 | -19 | -21 | -19 | -15 | -9 |
ROCE % | 62% | 53% | 56% | 46% | 54% | 57% | 71% | 96% | 139% | 150% | 138% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Press Releases on: 1. Nestle India launches the much-awaited NESPRESSO; and 2. Nestle India and Dr. Reddy''s to form joint venture to take health science …
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Press Release relating to the results and other business items
-
Outcome Of The Board Meeting
2d - Approved Audited Financial Results for the fifteen months financial year ended 31st March 2024; 2. Recommended Final Dividend for the fifteen months financial year ended …
-
Announcement under Regulation 30 (LODR)-Joint Venture
2d - Approved execution of a definitive agreement to form a joint venture between the Company and Dr. Reddy''s Laboratories Limited
- Approved Convening Of The 65Th Annual General Meeting Of The Company On Friday, 5Th July 2024 Through Video Conferencing/ Other Audio-Visual Means (VC/ OAVM) 2d
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
-
Financial Year 2008
from bse
Concalls
-
Apr 2024TranscriptNotesPPT
-
Oct 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Aug 2022Transcript PPT
-
Feb 2022TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Mar 2019TranscriptNotesPPT
-
Jul 2018TranscriptPPT
-
Aug 2017TranscriptPPT
Business Overview
Nestle India a subsidiary of Nestle S A (holds 62% stake) is primarily involved in the Food business which incorporates product groups viz. Milk Products and Nutrition, Prepared dishes and Cooking aids, Powdered and Liquid Beverages and Confectionery. It owns brands such as NESCAFÉ, MAGGI, MILKYBAR, KIT KAT, BAR-ONE, MILKMAID, NESTEA etc. [1]