Financials Nestlé India Limited NSE India S.E.

Equities

NESTLEIND

INE239A01024

Food Processing

Market Closed - NSE India S.E. 07:43:55 2024-07-11 am EDT 5-day change 1st Jan Change
2,593 INR -0.89% Intraday chart for Nestlé India Limited +1.89% -2.44%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,571,808 1,655,482 1,675,397 1,898,604 2,529,273 2,526,188 - -
Enterprise Value (EV) 1 1,547,765 1,648,468 1,666,241 1,890,170 2,524,530 2,517,722 2,507,339 2,497,517
P/E ratio 7.55 x 77.2 x 70.1 x 63.3 x 64.3 x 72 x 63.6 x 57.1 x
Yield 1.23% 1.16% 1.27% - 1.23% 1.12% 1.27% 1.38%
Capitalization / Revenue 11.8 x 11.3 x 9.92 x 9.93 x 10.4 x 11.7 x 10.5 x 9.43 x
EV / Revenue 11.6 x 11.3 x 9.86 x 9.88 x 10.3 x 11.7 x 10.4 x 9.33 x
EV / EBITDA 48.3 x 45.9 x 44.5 x 42.3 x 43.4 x 48.1 x 42.6 x 37.2 x
EV / FCF 78.3 x 107 x 76.2 x 93.5 x 110 x 93.9 x 74.1 x 53.7 x
FCF Yield 1.28% 0.93% 1.31% 1.07% 0.91% 1.07% 1.35% 1.86%
Price to Book 77.8 x 79.4 x 68.1 x 61.4 x 75.7 x 61.6 x 51.3 x 43.2 x
Nbr of stocks (in thousands) 964,157 964,157 964,157 964,157 964,157 964,157 - -
Reference price 2 1,630 1,717 1,738 1,969 2,623 2,620 2,620 2,620
Announcement Date 2/16/21 2/17/22 2/16/23 2/7/24 4/25/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 132,902 146,337 168,970 191,263 243,939 215,751 240,633 267,772
EBITDA 1 32,015 35,915 37,420 44,710 58,198 52,346 58,911 67,137
EBIT 1 28,311 32,014 33,390 40,421 52,820 47,661 53,897 60,569
Operating Margin 21.3% 21.88% 19.76% 21.13% 21.65% 22.09% 22.4% 22.62%
Earnings before Tax (EBT) 1 28,128 28,838 32,560 40,383 52,889 47,543 54,236 59,328
Net income 1 20,824 21,449 23,905 29,987 39,328 34,994 40,277 44,144
Net margin 15.67% 14.66% 14.15% 15.68% 16.12% 16.22% 16.74% 16.49%
EPS 2 216.0 22.25 24.79 31.10 40.79 36.37 41.17 45.86
Free Cash Flow 1 19,761 15,366 21,875 20,208 22,921 26,820 33,820 46,490
FCF margin 14.87% 10.5% 12.95% 10.57% 9.4% 12.43% 14.05% 17.36%
FCF Conversion (EBITDA) 61.72% 42.78% 58.46% 45.2% 39.38% 51.24% 57.41% 69.25%
FCF Conversion (Net income) 94.89% 71.64% 91.51% 67.39% 58.28% 76.64% 83.97% 105.31%
Dividend per Share 2 20.00 20.00 22.00 - 32.20 29.47 33.20 36.08
Announcement Date 2/16/21 2/17/22 2/16/23 2/7/24 4/25/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 35,254 34,175 36,002 34,624 38,650 37,062 39,509 40,069 45,666 42,568 48,305 47,106 49,309 47,173
EBITDA 1 8,836 7,770 9,301 8,480 9,480 8,657 9,246 8,195 10,107 9,864 10,955 10,670 11,776 11,326
EBIT 1 7,925 - 8,364 7,527 8,525 7,599 8,204 7,179 9,126 8,878 9,938 9,444 11,287 10,097
Operating Margin 22.48% - 23.23% 21.74% 22.06% 20.5% 20.76% 17.92% 19.98% 20.86% 20.57% 20.05% 22.89% 21.4%
Earnings before Tax (EBT) 7,865 6,702 8,119 7,305 8,342 5,072 8,062 7,004 9,062 8,591 - 9,565 9,991 -
Net income 1 5,871 4,833 6,022 5,386 6,174 3,867 5,947 5,153 6,683 6,281 7,366 7,096 8,015 7,214
Net margin 16.65% 14.14% 16.73% 15.56% 15.97% 10.43% 15.05% 12.86% 14.64% 14.75% 15.25% 15.06% 16.25% 15.29%
EPS 2 6.089 50.12 6.246 5.586 6.404 4.010 6.168 5.345 6.932 6.514 7.640 7.368 8.581 7.291
Dividend per Share 2 - 6.500 - - - 6.500 - - - 7.500 2.700 - - 25.00
Announcement Date 10/23/20 2/16/21 4/20/21 7/28/21 10/19/21 2/17/22 4/21/22 7/28/22 10/19/22 2/16/23 4/25/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 24,043 7,014 9,155 8,434 4,743 8,466 18,849 28,671
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 19,761 15,366 21,875 20,208 22,921 26,820 33,820 46,491
ROE (net income / shareholders' equity) 106% 105% 109% 108% 136% 94.7% 90.5% 81.8%
ROA (Net income/ Total Assets) 27.6% 26.6% 27.8% 31.4% 40.3% 33.3% 33.9% 33.3%
Assets 1 75,363 80,549 86,064 95,365 97,509 105,013 118,724 132,545
Book Value Per Share 2 20.90 21.60 25.50 32.10 34.60 42.60 51.00 60.70
Cash Flow per Share 2 25.50 23.60 28.40 35.20 43.30 42.10 47.30 53.40
Capex 1 4,784 7,348 5,499 13,714 18,827 18,520 16,610 9,267
Capex / Sales 3.6% 5.02% 3.25% 7.17% 7.72% 8.58% 6.9% 3.46%
Announcement Date 2/16/21 2/17/22 2/16/23 2/7/24 4/25/24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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