Nestle India Ltd

₹ 16,323 0.64%
May 17 - 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

A subsidiary of Nestle SA[1] Nestle India is a subsidiary of Nestle S A (holds 62% stake[2]) a Switzerland-based company that is the world’s largest food company based on Revenue. NESTLE''s relationship with India dates back to 1912, when it began trading as The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited, importing and selling finished products in the Indian market. Gradually, the company expanded its presence in India.

  • Market Cap 157,383 Cr.
  • Current Price 16,323
  • High / Low 20,609 / 16,127
  • Stock P/E 67.9
  • Book Value 216
  • Dividend Yield 1.23 %
  • ROCE 147 %
  • ROE 113 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 93.46%
  • Company has been maintaining a healthy dividend payout of 116.68%

Cons

  • Stock is trading at 75.50 times its book value
  • The company has delivered a poor sales growth of 9.98% 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

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
3,001 3,216 3,149 3,325 3,050 3,542 3,433 3,611 3,477 3,883 3,739 3,981
2,288 2,449 2,455 2,532 2,303 2,658 2,656 2,681 2,629 2,935 2,874 3,056
Operating Profit 713 766 694 793 748 884 777 930 848 948 866 925
OPM % 24% 24% 22% 24% 25% 25% 23% 26% 24% 24% 23% 23%
73 56 45 43 38 34 31 30 29 34 -209 21
Interest 32 32 31 41 41 40 42 54 52 52 44 36
Depreciation 94 91 94 91 92 91 96 94 95 96 106 104
Profit before tax 659 700 614 704 652 786 670 812 730 834 507 806
Tax % 34% 15% 23% 25% 25% 25% 28% 26% 26% 26% 24% 26%
Net Profit 438 595 473 525 487 587 483 602 539 617 387 595
EPS in Rs 45.41 61.74 49.02 54.50 50.47 60.89 50.13 62.46 55.86 64.03 40.10 61.68

Profit & Loss

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 TTM
6,255 7,515 8,335 9,101 9,855 8,175 9,141 10,010 11,292 12,369 13,350 14,709 15,079
5,016 5,990 6,509 7,153 7,816 6,620 7,292 7,913 8,675 9,443 10,149 11,118 11,493
Operating Profit 1,239 1,525 1,825 1,948 2,039 1,555 1,850 2,097 2,618 2,926 3,202 3,592 3,586
OPM % 20% 20% 22% 21% 21% 19% 20% 21% 23% 24% 24% 24% 24%
35 21 31 97 87 -391 140 177 259 247 146 -116 -125
Interest 1 5 27 37 14 3 91 92 112 129 164 201 183
Depreciation 128 153 277 330 338 347 354 342 336 370 370 390 401
Profit before tax 1,145 1,388 1,553 1,678 1,774 814 1,545 1,839 2,429 2,673 2,813 2,884 2,878
Tax % 29% 31% 31% 33% 33% 31% 35% 33% 34% 26% 26% 26%
Net Profit 819 962 1,068 1,117 1,185 563 1,001 1,225 1,607 1,968 2,082 2,145 2,137
EPS in Rs 84.91 99.73 110.76 115.87 122.87 58.42 103.86 127.07 166.67 204.16 215.98 222.46 221.67
Dividend Payout % 57% 49% 44% 42% 51% 83% 61% 68% 69% 168% 93% 90%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 9%
TTM: 11%
Compounded Profit Growth
10 Years: 9%
5 Years: 18%
3 Years: 13%
TTM: 7%
Stock Price CAGR
10 Years: 13%
5 Years: 20%
3 Years: 16%
1 Year: -4%
Return on Equity
10 Years: 56%
5 Years: 67%
3 Years: 93%
Last Year: 113%

Balance Sheet

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
96 96 96 96 96 96 96 96 96 96 96 96
Reserves 759 1,178 1,702 2,272 2,741 2,721 3,186 3,324 3,577 1,822 1,923 1,988
Borrowings -0 971 1,050 1,189 20 18 33 35 35 189 147 266
1,703 2,157 2,315 2,756 2,963 3,251 3,495 3,907 4,379 5,065 5,733 5,860
Total Liabilities 2,558 4,402 5,164 6,314 5,820 6,086 6,810 7,363 8,088 7,173 7,900 8,210
1,013 1,576 3,204 3,369 3,177 2,898 2,730 2,616 2,401 2,341 2,179 2,994
CWIP 349 1,372 344 295 245 231 188 94 105 143 639 246
Investments 151 134 365 851 812 1,325 1,756 1,979 2,658 1,751 1,464 774
1,046 1,320 1,251 1,799 1,586 1,633 2,136 2,673 2,924 2,937 3,618 4,196
Total Assets 2,558 4,402 5,164 6,314 5,820 6,086 6,810 7,363 8,088 7,173 7,900 8,210

Cash Flows

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
1,037 1,158 1,693 1,796 1,644 1,098 1,466 1,818 2,052 2,295 2,454 2,271
-446 -1,528 -941 -441 -432 -70 -126 -131 -52 83 -321 -1,957
-544 323 -513 -580 -1,635 -498 -666 -997 -1,317 -3,602 -1,956 -2,019
Net Cash Flow 47 -47 239 775 -423 529 674 691 683 -1,223 177 -1,704

Ratios

Figures in Rs. Crores

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Debtor Days 4 6 4 3 4 4 4 3 4 4 5 4
Inventory Days 82 89 86 79 82 103 107 91 92 107 107 111
Days Payable 106 92 63 68 71 94 91 99 118 124 115 122
Cash Conversion Cycle -20 3 28 14 15 12 20 -5 -22 -14 -3 -7
Working Capital Days -51 -14 -11 -17 -13 -21 -10 -15 -21 -19 -21 -15
ROCE % 161% 90% 62% 53% 56% 46% 54% 57% 71% 96% 139% 147%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
62.76 62.76 62.76 62.76 62.76 62.76 62.76 62.76 62.76 62.76 62.76 62.76
12.95 12.61 12.07 11.81 12.10 11.51 12.84 12.29 12.43 12.31 12.35 12.01
7.49 8.52 8.92 9.12 8.71 8.91 7.75 7.95 7.92 7.99 7.89 8.60
0.07 0.07 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16.73 16.04 16.18 16.24 16.36 16.82 16.65 16.99 16.88 16.93 16.99 16.62

Documents