Nestle India Ltd

₹ 19,529 -1.04%
25 Nov - 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 188,294 Cr.
  • Current Price 19,529
  • High / Low 21,053 / 16,000
  • Stock P/E 80.3
  • Book Value 241
  • Dividend Yield 1.02 %
  • ROCE 147 %
  • ROE 113 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 93.5%
  • Company has been maintaining a healthy dividend payout of 117%

Cons

  • Stock is trading at 80.9 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

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
3,216 3,149 3,325 3,050 3,542 3,433 3,611 3,477 3,883 3,739 3,981 4,037 4,591
2,449 2,455 2,532 2,303 2,658 2,656 2,681 2,629 2,935 2,874 3,056 3,217 3,580
Operating Profit 766 694 793 748 884 777 930 848 948 866 925 819 1,011
OPM % 24% 22% 24% 25% 25% 23% 26% 24% 24% 23% 23% 20% 22%
56 45 43 38 34 31 30 29 34 -209 21 19 31
Interest 32 31 41 41 40 42 54 52 52 44 36 37 37
Depreciation 91 94 91 92 91 96 94 95 96 106 104 102 98
Profit before tax 700 614 704 652 786 670 812 730 834 507 806 700 906
Tax % 15% 23% 25% 25% 25% 28% 26% 26% 26% 24% 26% 26% 26%
Net Profit 595 473 525 487 587 483 602 539 617 387 595 515 668
EPS in Rs 61.74 49.02 54.50 50.47 60.89 50.13 62.46 55.86 64.03 40.10 61.68 53.45 69.32
Raw PDF

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 16,348
5,016 5,990 6,509 7,153 7,816 6,620 7,292 7,913 8,675 9,443 10,149 11,118 12,727
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 3,620
OPM % 20% 20% 22% 21% 21% 19% 20% 21% 23% 24% 24% 24% 22%
35 21 31 97 87 -391 140 177 259 247 146 -116 -138
Interest 1 5 27 37 14 3 91 92 112 129 164 201 153
Depreciation 128 153 277 330 338 347 354 342 336 370 370 390 410
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 2,920
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 2,165
EPS in Rs 84.91 99.73 110.76 115.87 122.87 58.42 103.86 127.07 166.67 204.16 215.98 222.46 224.55
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: 14%
Compounded Profit Growth
10 Years: 9%
5 Years: 18%
3 Years: 13%
TTM: 5%
Stock Price CAGR
10 Years: 15%
5 Years: 21%
3 Years: 10%
1 Year: 2%
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 Jun 2022
96 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 2,232
0 971 1,050 1,189 20 18 33 35 35 189 147 266 280
1,703 2,157 2,315 2,756 2,963 3,251 3,495 3,907 4,379 5,065 5,733 5,860 6,007
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 8,616
1,013 1,576 3,204 3,369 3,177 2,898 2,730 2,616 2,401 2,341 2,179 2,994 3,054
CWIP 349 1,372 344 295 245 231 188 94 105 143 639 246 197
Investments 151 134 365 851 812 1,325 1,756 1,979 2,658 1,751 1,464 774 809
1,046 1,320 1,251 1,799 1,586 1,633 2,136 2,673 2,924 2,937 3,618 4,196 4,556
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 8,616

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

8 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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
12.07 11.81 12.10 11.51 12.84 12.29 12.43 12.31 12.35 12.01 11.65 12.05
8.92 9.12 8.71 8.91 7.75 7.95 7.92 7.99 7.89 8.60 9.14 8.86
0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16.18 16.24 16.36 16.82 16.65 16.99 16.88 16.93 16.99 16.62 16.45 16.33

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