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 ₹ 2,25,593 Cr.
- Current Price ₹ 1,170
- High / Low ₹ 1,310 / 1,055
- Stock P/E 75.0
- Book Value ₹ 21.4
- Dividend Yield 1.15 %
- ROCE 95.7 %
- ROE 83.0 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 107%
- Company has been maintaining a healthy dividend payout of 82.1%
Cons
- Stock is trading at 54.8 times its book value
- The company has delivered a poor sales growth of 10.3% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 15m | Mar 2025 | TTM | |
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9,855 | 8,175 | 9,141 | 10,010 | 11,292 | 12,369 | 13,350 | 14,741 | 16,897 | 19,126 | 24,394 | 20,202 | 20,484 | |
7,816 | 6,620 | 7,292 | 7,913 | 8,675 | 9,443 | 10,149 | 11,178 | 13,191 | 14,655 | 18,551 | 15,430 | 15,724 | |
Operating Profit | 2,039 | 1,555 | 1,850 | 2,097 | 2,618 | 2,926 | 3,202 | 3,562 | 3,706 | 4,471 | 5,843 | 4,771 | 4,760 |
OPM % | 21% | 19% | 20% | 21% | 23% | 24% | 24% | 24% | 22% | 23% | 24% | 24% | 23% |
87 | -391 | 140 | 177 | 259 | 247 | 146 | -112 | 107 | 116 | 159 | 352 | 315 | |
Interest | 14 | 3 | 91 | 92 | 112 | 129 | 164 | 202 | 155 | 119 | 145 | 136 | 151 |
Depreciation | 338 | 347 | 354 | 342 | 336 | 370 | 370 | 391 | 403 | 429 | 568 | 540 | 584 |
Profit before tax | 1,774 | 814 | 1,545 | 1,839 | 2,429 | 2,673 | 2,813 | 2,857 | 3,256 | 4,038 | 5,289 | 4,447 | 4,339 |
Tax % | 33% | 31% | 35% | 33% | 34% | 26% | 26% | 26% | 27% | 26% | 26% | 25% | |
1,185 | 563 | 1,001 | 1,225 | 1,607 | 1,968 | 2,082 | 2,118 | 2,391 | 2,999 | 3,933 | 3,314 | 3,227 | |
EPS in Rs | 6.14 | 2.92 | 5.19 | 6.35 | 8.33 | 10.21 | 10.80 | 10.99 | 12.40 | 15.55 | 20.40 | 17.19 | 16.74 |
Dividend Payout % | 51% | 83% | 61% | 68% | 69% | 168% | 93% | 91% | 89% | 56% | 79% | 79% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 11% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 11% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 8% |
3 Years: | 7% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 72% |
5 Years: | 108% |
3 Years: | 107% |
Last Year: | 83% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 |
Reserves | 2,741 | 2,721 | 3,186 | 3,324 | 3,577 | 1,822 | 1,923 | 1,850 | 2,363 | 2,363 | 3,244 | 4,021 |
20 | 18 | 33 | 35 | 35 | 189 | 147 | 266 | 271 | 271 | 345 | 1,167 | |
2,963 | 3,251 | 3,495 | 3,907 | 4,379 | 5,065 | 5,733 | 6,021 | 6,249 | 6,249 | 6,838 | 7,040 | |
Total Liabilities | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 | 10,523 | 12,324 |
3,177 | 2,898 | 2,730 | 2,616 | 2,401 | 2,341 | 2,179 | 2,995 | 3,044 | 3,044 | 3,460 | 5,474 | |
CWIP | 245 | 231 | 188 | 94 | 105 | 143 | 639 | 246 | 358 | 358 | 1,742 | 1,173 |
Investments | 812 | 1,325 | 1,756 | 1,979 | 2,658 | 1,751 | 1,464 | 774 | 778 | 778 | 464 | 706 |
1,586 | 1,633 | 2,136 | 2,673 | 2,924 | 2,937 | 3,618 | 4,219 | 4,799 | 4,799 | 4,857 | 4,972 | |
Total Assets | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 | 10,523 | 12,324 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,644 | 1,098 | 1,466 | 1,818 | 2,052 | 2,295 | 2,454 | 2,236 | 2,737 | 3,392 | 4,175 | 2,936 | |
-432 | -70 | -126 | -131 | -52 | 83 | -321 | -1,920 | -392 | -927 | -1,237 | -1,811 | |
-1,635 | -498 | -666 | -997 | -1,317 | -3,602 | -1,956 | -2,020 | -2,123 | -2,436 | -3,135 | -1,848 | |
Net Cash Flow | -423 | 529 | 674 | 691 | 683 | -1,223 | 177 | -1,704 | 223 | 29 | -198 | -723 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 4 | 4 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 7 |
Inventory Days | 82 | 103 | 107 | 91 | 92 | 107 | 107 | 111 | 110 | 83 | 83 | 139 |
Days Payable | 71 | 94 | 91 | 99 | 118 | 124 | 115 | 122 | 121 | 92 | 112 | 128 |
Cash Conversion Cycle | 15 | 12 | 20 | -5 | -22 | -14 | -3 | -7 | -7 | -5 | -24 | 18 |
Working Capital Days | -13 | -21 | -10 | -15 | -21 | -20 | -22 | -20 | -16 | -10 | -19 | -19 |
ROCE % | 56% | 46% | 54% | 57% | 71% | 96% | 139% | 150% | 138% | 153% | 169% | 96% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper advertisement - Notice to the shareholders for transfer of equity shares of the Company
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Regulation 30 And Schedule III Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'): Intimation Regarding The Addition Of A New Maggi Noodles Production Line At The Sanand Factory, Gujarat
1 Oct - Added 20,600 tpa Maggi line at Sanand; ₹85 crore investment in FY2025-26.
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Press Note Titled 'Nestle India Signs MOU With Ministry Of Food Processing Industries At World Food India Summit'
30 Sep - Signed MoU with MoFPI to expedite greenfield and brownfield investments in Odisha and existing plants within 2–3 years.
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Update On One-On-One Meet(S) With Institutional Investor(S) Held On 29Th September 2025
29 Sep - Two virtual one-on-one investor meetings on 29 Sept 2025; no unpublished price-sensitive information shared.
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Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'): Nomination Of Mr. Mandeep Chhatwal As Non-Executive Director W.E.F. 1St January 2026, Subject To Approvals
26 Sep - Mr. Mandeep Chhatwal nominated as Nestlé India non-executive director effective 1 Jan 2026, subject to approvals.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025Transcript PPT REC
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Apr 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Feb 2023Transcript PPT
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Aug 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Jul 2018TranscriptPPT
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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]