Nestle India Ltd

Nestle India Limited is an India-based company engaged in food business. The Company operates in the Food segment.

Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 38.60%
Company has been maintaining a healthy dividend payout of 65.78%
Cons:
Stock is trading at 30.73 times its book value
The company has delivered a poor growth of 4.41% over past five years.

Peer Comparison Sector: FMCG // Industry: Food - Processing - MNC

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Quarterly Results Figures in Rs. Crores

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
2,249 2,343 2,266 2,492 2,402 2,514 2,601 2,757 2,698 2,939 2,897 3,003
1,784 1,859 1,877 1,974 1,941 1,930 2,068 2,060 2,053 2,214 2,347 2,265
Operating Profit 465 483 389 517 462 584 533 697 645 725 551 738
OPM % 21% 21% 17% 21% 19% 23% 21% 25% 24% 25% 19% 25%
Other Income 5 37 43 42 41 43 51 56 60 67 75 73
Interest 22 22 21 23 23 23 23 31 28 27 25 32
Depreciation 89 88 87 87 85 86 84 83 82 93 78 78
Profit before tax 359 410 323 450 395 518 477 640 595 672 522 701
Tax % 33% 32% 40% 32% 33% 34% 35% 34% 34% 34% 35% 34%
Net Profit 240 278 195 307 263 343 312 424 395 446 342 463
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 TTM
3,501 4,328 5,129 6,255 7,515 8,335 9,101 9,855 8,175 9,141 10,010 11,292 11,538
2,861 3,492 4,134 5,016 5,990 6,509 7,153 7,823 6,620 7,313 7,913 8,675 8,879
Operating Profit 640 836 995 1,239 1,525 1,825 1,948 2,032 1,555 1,829 2,097 2,618 2,658
OPM % 18% 19% 19% 20% 20% 22% 21% 21% 19% 20% 21% 23% 23%
Other Income 64 31 35 35 21 31 97 94 -391 161 177 259 276
Interest 1 2 1 1 5 27 37 14 3 91 92 112 112
Depreciation 75 92 111 128 153 277 330 338 347 354 342 336 331
Profit before tax 629 773 917 1,145 1,388 1,553 1,678 1,774 814 1,545 1,839 2,429 2,491
Tax % 34% 31% 29% 29% 31% 31% 33% 33% 31% 35% 33% 34%
Net Profit 414 534 655 819 962 1,068 1,117 1,185 563 1,001 1,225 1,607 1,646
EPS in Rs 37.50 48.17 59.69 76.90 91.91 102.89 107.62 111.55 48.50 103.85 127.07 166.66
Dividend Payout % 77% 77% 71% 57% 49% 44% 42% 51% 83% 61% 68% 69%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.07%
5 Years:4.41%
3 Years:11.37%
TTM:12.29%
Compounded Profit Growth
10 Years:11.61%
5 Years:7.72%
3 Years:21.97%
TTM:22.62%
Return on Equity
10 Years:49.43%
5 Years:38.43%
3 Years:38.60%
Last Year:45.30%

Balance Sheet Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018
96 96 96 96 96 96 96 96 96 96 96 96
Reserves 322 377 485 759 1,178 1,702 2,272 2,741 2,721 3,186 3,324 3,577
Borrowings 3 0 0 0 971 1,050 1,189 20 18 33 35 35
1,027 1,261 1,501 1,752 2,217 2,387 2,848 3,067 3,367 3,633 4,060 4,559
Total Liabilities 1,449 1,734 2,082 2,607 4,462 5,236 6,406 5,924 6,202 6,948 7,516 8,268
602 753 896 1,013 1,576 3,204 3,369 3,177 2,898 2,730 2,616 2,401
CWIP 74 109 80 349 1,372 344 295 245 231 188 94 105
Investments 94 35 203 151 134 365 851 812 1,325 1,756 1,979 2,658
679 837 903 1,095 1,380 1,322 1,891 1,691 1,749 2,274 2,827 3,104
Total Assets 1,449 1,734 2,082 2,607 4,462 5,236 6,406 5,924 6,202 6,948 7,516 8,268

Cash Flows Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018
519 722 928 1,037 1,158 1,693 1,796 1,644 1,098 1,466 1,818 2,052
-169 -252 -255 -446 -1,528 -941 -441 -432 -70 -126 -131 -52
-372 -374 -542 -544 323 -513 -580 -1,635 -498 -666 -997 -1,317
Net Cash Flow -22 96 130 47 -47 239 775 -423 529 674 691 683

Ratios Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018
ROCE % 157% 174% 175% 161% 90% 62% 53% 56% 46% 54% 57% 71%
Debtor Days 6 4 5 4 6 4 3 4 4 4 3 4
Inventory Turnover 10.33 10.35 10.99 11.64 11.47 11.27 12.29 12.47 9.82 10.38 10.87 12.09