Nestle India Ltd
Nestle India Limited is an India-based company engaged in food business. The Company operates in the Food segment.
Revenue Breakup:
Nestle generates 47% of the revenue from milk and nutrition products (dairy products and weaning foods), 10% from beverages (instant coffee, iced tea and other beverage vending mixes), 30% from prepared dishes and cooking aids (the Maggi range), and 13% from chocolates and confectionery (including Kit Kat and Munch) as of September 2020.
- Market Cap ₹ 155,245 Cr.
- Current Price ₹ 16,102
- High / Low ₹ 18,844 / 12,200
- Stock P/E 74.6
- Book Value ₹ 209
- Dividend Yield 1.24 %
- ROCE 143 %
- ROE 105 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.65% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 67.97%
- Company has been maintaining a healthy dividend payout of 109.68%
Cons
- Stock is trading at 76.88 times its book value
- The company has delivered a poor sales growth of 10.31% over past five years.
Peer comparison
Sector: FMCG Industry: Food - Processing - MNC
Quarterly Results
Figures in Rs. Crores
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,757 | 2,698 | 2,939 | 2,897 | 3,003 | 3,001 | 3,216 | 3,149 | 3,325 | 3,050 | 3,542 | 3,433 | |
2,060 | 2,053 | 2,214 | 2,347 | 2,250 | 2,288 | 2,449 | 2,455 | 2,532 | 2,303 | 2,658 | 2,656 | |
Operating Profit | 697 | 645 | 725 | 551 | 753 | 713 | 766 | 694 | 793 | 748 | 884 | 777 |
OPM % | 25% | 24% | 25% | 19% | 25% | 24% | 24% | 22% | 24% | 25% | 25% | 23% |
Other Income | 56 | 60 | 67 | 75 | 73 | 73 | 56 | 45 | 43 | 38 | 34 | 31 |
Interest | 31 | 28 | 27 | 25 | 34 | 32 | 32 | 31 | 41 | 41 | 40 | 42 |
Depreciation | 83 | 82 | 93 | 78 | 91 | 94 | 91 | 94 | 91 | 92 | 91 | 96 |
Profit before tax | 640 | 595 | 672 | 522 | 701 | 659 | 700 | 614 | 704 | 652 | 786 | 670 |
Tax % | 34% | 34% | 34% | 35% | 34% | 34% | 15% | 23% | 25% | 25% | 25% | 28% |
Net Profit | 424 | 395 | 446 | 342 | 463 | 438 | 595 | 473 | 525 | 487 | 587 | 483 |
EPS in Rs | 43.98 | 40.97 | 46.27 | 35.45 | 47.99 | 45.41 | 61.74 | 49.02 | 54.50 | 50.47 | 60.89 | 50.13 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Figures in Rs. Crores
Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,129 | 6,255 | 7,515 | 8,335 | 9,101 | 9,855 | 8,175 | 9,141 | 10,010 | 11,292 | 12,369 | 13,350 | |
4,134 | 5,016 | 5,990 | 6,509 | 7,153 | 7,823 | 6,620 | 7,313 | 7,913 | 8,675 | 9,505 | 10,149 | |
Operating Profit | 995 | 1,239 | 1,525 | 1,825 | 1,948 | 2,032 | 1,555 | 1,829 | 2,097 | 2,618 | 2,864 | 3,202 |
OPM % | 19% | 20% | 20% | 22% | 21% | 21% | 19% | 20% | 21% | 23% | 23% | 24% |
Other Income | 35 | 35 | 21 | 31 | 97 | 94 | -391 | 161 | 177 | 259 | 247 | 146 |
Interest | 1 | 1 | 5 | 27 | 37 | 14 | 3 | 91 | 92 | 112 | 120 | 164 |
Depreciation | 111 | 128 | 153 | 277 | 330 | 338 | 347 | 354 | 342 | 336 | 316 | 370 |
Profit before tax | 917 | 1,145 | 1,388 | 1,553 | 1,678 | 1,774 | 814 | 1,545 | 1,839 | 2,429 | 2,675 | 2,813 |
Tax % | 29% | 29% | 31% | 31% | 33% | 33% | 31% | 35% | 33% | 34% | 26% | 26% |
Net Profit | 655 | 819 | 962 | 1,068 | 1,117 | 1,185 | 563 | 1,001 | 1,225 | 1,607 | 1,970 | 2,082 |
EPS in Rs | 67.93 | 84.91 | 99.73 | 110.76 | 115.87 | 122.87 | 58.42 | 103.86 | 127.07 | 166.67 | 204.28 | 215.98 |
Dividend Payout % | 71% | 57% | 49% | 44% | 42% | 51% | 83% | 61% | 68% | 69% | 167% | 93% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 10% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 19% |
3 Years: | 19% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 26% |
3 Years: | 28% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 53% |
5 Years: | 54% |
3 Years: | 68% |
Last Year: | 105% |
Balance Sheet
Figures in Rs. Crores
Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | |
Reserves | 485 | 759 | 1,178 | 1,702 | 2,272 | 2,741 | 2,721 | 3,186 | 3,324 | 3,577 | 1,836 | 1,923 |
Borrowings | 0 | 0 | 971 | 1,050 | 1,189 | 20 | 18 | 33 | 35 | 35 | 53 | 147 |
1,454 | 1,703 | 2,157 | 2,315 | 2,756 | 2,963 | 3,251 | 3,495 | 3,907 | 4,379 | 5,073 | 5,733 | |
Total Liabilities | 2,036 | 2,558 | 4,402 | 5,164 | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,058 | 7,900 |
896 | 1,013 | 1,576 | 3,204 | 3,369 | 3,177 | 2,898 | 2,730 | 2,616 | 2,401 | 2,227 | 2,179 | |
CWIP | 80 | 349 | 1,372 | 344 | 295 | 245 | 231 | 188 | 94 | 105 | 143 | 639 |
Investments | 203 | 151 | 134 | 365 | 851 | 812 | 1,325 | 1,756 | 1,979 | 2,658 | 1,751 | 1,464 |
857 | 1,046 | 1,320 | 1,251 | 1,799 | 1,586 | 1,633 | 2,136 | 2,673 | 2,924 | 2,937 | 3,618 | |
Total Assets | 2,036 | 2,558 | 4,402 | 5,164 | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,058 | 7,900 |
Cash Flows
Figures in Rs. Crores
Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
928 | 1,037 | 1,158 | 1,693 | 1,796 | 1,644 | 1,098 | 1,466 | 1,818 | 2,052 | 2,234 | 2,454 | |
-255 | -446 | -1,528 | -941 | -441 | -432 | -70 | -126 | -131 | -52 | 83 | -321 | |
-542 | -544 | 323 | -513 | -580 | -1,635 | -498 | -666 | -997 | -1,317 | -3,540 | -1,956 | |
Net Cash Flow | 130 | 47 | -47 | 239 | 775 | -423 | 529 | 674 | 691 | 683 | -1,223 | 177 |
Ratios
Figures in Rs. Crores
Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 175% | 161% | 90% | 62% | 53% | 56% | 46% | 54% | 57% | 71% | 98% | 143% |
Debtor Days | 5 | 4 | 6 | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 5 |
Inventory Turnover | 4.76 | 5.20 | 5.04 | 4.75 | 5.14 | 6.21 | 4.43 | 3.92 | 4.24 | 4.46 | 4.20 | 4.20 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21h
- Compliances-Reg.24(A)-Annual Secretarial Compliance 22 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Fixes Book Closure for Final Dividend & AGM 17 Feb
View all