Nestle India Ltd

Nestle India Ltd

₹ 2,609 0.61%
12 Jul - close price
About

Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.

Key Points

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]

  • Market Cap 2,51,549 Cr.
  • Current Price 2,609
  • High / Low 2,771 / 2,145
  • Stock P/E 64.1
  • Book Value 34.6
  • Dividend Yield 0.59 %
  • ROCE 169 %
  • ROE 135 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 19.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 121%
  • Company has been maintaining a healthy dividend payout of 86.2%

Cons

  • Stock is trading at 75.3 times its book value

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,611 3,477 3,883 3,748 3,993 4,046 4,602 4,257 4,831 4,659 5,037 4,600 5,268
2,681 2,629 2,935 2,889 3,072 3,231 3,598 3,284 3,735 3,603 3,812 3,505 3,919
Operating Profit 930 848 948 859 921 815 1,004 973 1,095 1,056 1,225 1,095 1,349
OPM % 26% 24% 24% 23% 23% 20% 22% 23% 23% 23% 24% 24% 26%
30 29 34 -209 21 19 31 30 34 24 140 -77 37
Interest 54 52 52 44 36 37 37 45 37 33 31 23 26
Depreciation 94 95 96 106 105 102 98 99 102 107 111 109 109
Profit before tax 812 730 834 500 802 695 899 859 990 939 1,222 886 1,251
Tax % 26% 26% 26% 24% 26% 27% 26% 27% 26% 26% 26% 26% 25%
602 539 617 379 591 510 661 628 737 698 908 656 934
EPS in Rs 6.25 5.59 6.40 3.94 6.13 5.29 6.86 6.51 7.64 7.24 9.42 6.80 9.69
Raw PDF
Upcoming result date: 25 July 2024

Profit & Loss

Figures in Rs. Crores

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Mar 2024
9,101 9,855 8,175 9,141 10,010 11,292 12,369 13,350 14,741 16,897 19,126 24,394
7,153 7,816 6,620 7,292 7,913 8,675 9,443 10,149 11,178 13,191 14,655 18,581
Operating Profit 1,948 2,039 1,555 1,850 2,097 2,618 2,926 3,202 3,562 3,706 4,471 5,813
OPM % 21% 21% 19% 20% 21% 23% 24% 24% 24% 22% 23% 24%
97 87 -391 140 177 259 247 146 -112 107 116 159
Interest 37 14 3 91 92 112 129 164 202 155 119 145
Depreciation 330 338 347 354 342 336 370 370 391 403 429 538
Profit before tax 1,678 1,774 814 1,545 1,839 2,429 2,673 2,813 2,857 3,256 4,038 5,289
Tax % 33% 33% 31% 35% 33% 34% 26% 26% 26% 27% 26% 26%
1,117 1,185 563 1,001 1,225 1,607 1,968 2,082 2,118 2,391 2,999 3,933
EPS in Rs 11.59 12.29 5.84 10.39 12.71 16.67 20.42 21.60 21.97 24.79 31.10 40.79
Dividend Payout % 42% 51% 83% 61% 68% 69% 168% 93% 91% 89% 56% 79%
Compounded Sales Growth
10 Years: 10%
5 Years: 17%
3 Years: 22%
TTM: 44%
Compounded Profit Growth
10 Years: 13%
5 Years: 20%
3 Years: 24%
TTM: 64%
Stock Price CAGR
10 Years: 18%
5 Years: 17%
3 Years: 14%
1 Year: 13%
Return on Equity
10 Years: 68%
5 Years: 107%
3 Years: 121%
Last Year: 135%

Balance Sheet

Figures in Rs. Crores

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Mar 2024
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 2,272 2,741 2,721 3,186 3,324 3,577 1,822 1,923 1,850 2,363 2,363 3,244
1,189 20 18 33 35 35 189 147 266 271 271 345
2,756 2,963 3,251 3,495 3,907 4,379 5,065 5,733 6,021 6,249 6,249 6,838
Total Liabilities 6,314 5,820 6,086 6,810 7,363 8,088 7,173 7,900 8,234 8,979 8,979 10,523
3,369 3,177 2,898 2,730 2,616 2,401 2,341 2,179 2,995 3,044 3,044 3,460
CWIP 295 245 231 188 94 105 143 639 246 358 358 1,742
Investments 851 812 1,325 1,756 1,979 2,658 1,751 1,464 774 778 778 464
1,799 1,586 1,633 2,136 2,673 2,924 2,937 3,618 4,219 4,799 4,799 4,857
Total Assets 6,314 5,820 6,086 6,810 7,363 8,088 7,173 7,900 8,234 8,979 8,979 10,523

Cash Flows

Figures in Rs. Crores

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Mar 2024
1,796 1,644 1,098 1,466 1,818 2,052 2,295 2,454 2,236 2,737 3,392 4,175
-441 -432 -70 -126 -131 -52 83 -321 -1,920 -392 -927 -1,237
-580 -1,635 -498 -666 -997 -1,317 -3,602 -1,956 -2,020 -2,123 -2,436 -3,135
Net Cash Flow 775 -423 529 674 691 683 -1,223 177 -1,704 223 29 -198

Ratios

Figures in Rs. Crores

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Mar 2024
Debtor Days 3 4 4 4 3 4 4 5 4 4 4 4
Inventory Days 79 82 103 107 91 92 107 107 111 110 83 83
Days Payable 68 71 94 91 99 118 124 115 122 121 92 112
Cash Conversion Cycle 14 15 12 20 -5 -22 -14 -3 -7 -7 -5 -24
Working Capital Days -17 -13 -21 -10 -15 -21 -19 -21 -19 -15 -9 -18
ROCE % 53% 56% 46% 54% 57% 71% 96% 139% 150% 138% 153% 169%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76% 62.76%
12.43% 12.31% 12.35% 12.01% 11.65% 12.05% 12.12% 12.06% 12.38% 12.10% 12.09% 12.10%
7.92% 7.99% 7.89% 8.60% 9.14% 8.86% 9.04% 9.19% 9.05% 9.32% 9.16% 9.00%
16.88% 16.93% 16.99% 16.62% 16.45% 16.33% 16.07% 15.99% 15.82% 15.81% 15.98% 16.14%
No. of Shareholders 1,67,1091,68,0541,77,2851,92,0941,98,8181,91,2481,84,3411,87,3651,82,1491,84,0902,13,9774,10,144

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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