Nestle India Ltd
Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.
- Market Cap ₹ 2,46,241 Cr.
- Current Price ₹ 2,554
- High / Low ₹ 2,771 / 2,145
- Stock P/E 62.8
- Book Value ₹ 34.6
- Dividend Yield 0.60 %
- ROCE 169 %
- ROE 135 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 19.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 121%
- Company has been maintaining a healthy dividend payout of 86.2%
Cons
- Stock is trading at 73.4 times its book value
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9,101 | 9,855 | 8,175 | 9,141 | 10,010 | 11,292 | 12,369 | 13,350 | 14,741 | 16,897 | 19,126 | 24,394 | |
7,153 | 7,816 | 6,620 | 7,292 | 7,913 | 8,675 | 9,443 | 10,149 | 11,178 | 13,191 | 14,655 | 18,581 | |
Operating Profit | 1,948 | 2,039 | 1,555 | 1,850 | 2,097 | 2,618 | 2,926 | 3,202 | 3,562 | 3,706 | 4,471 | 5,813 |
OPM % | 21% | 21% | 19% | 20% | 21% | 23% | 24% | 24% | 24% | 22% | 23% | 24% |
97 | 87 | -391 | 140 | 177 | 259 | 247 | 146 | -112 | 107 | 116 | 159 | |
Interest | 37 | 14 | 3 | 91 | 92 | 112 | 129 | 164 | 202 | 155 | 119 | 145 |
Depreciation | 330 | 338 | 347 | 354 | 342 | 336 | 370 | 370 | 391 | 403 | 429 | 538 |
Profit before tax | 1,678 | 1,774 | 814 | 1,545 | 1,839 | 2,429 | 2,673 | 2,813 | 2,857 | 3,256 | 4,038 | 5,289 |
Tax % | 33% | 33% | 31% | 35% | 33% | 34% | 26% | 26% | 26% | 27% | 26% | 26% |
1,117 | 1,185 | 563 | 1,001 | 1,225 | 1,607 | 1,968 | 2,082 | 2,118 | 2,391 | 2,999 | 3,933 | |
EPS in Rs | 11.59 | 12.29 | 5.84 | 10.39 | 12.71 | 16.67 | 20.42 | 21.60 | 21.97 | 24.79 | 31.10 | 40.79 |
Dividend Payout % | 42% | 51% | 83% | 61% | 68% | 69% | 168% | 93% | 91% | 89% | 56% | 79% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 17% |
3 Years: | 22% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 24% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 13% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | 68% |
5 Years: | 107% |
3 Years: | 121% |
Last Year: | 135% |
Balance Sheet
Figures in Rs. Crores
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 |
Reserves | 2,272 | 2,741 | 2,721 | 3,186 | 3,324 | 3,577 | 1,822 | 1,923 | 1,850 | 2,363 | 2,363 | 3,244 |
1,189 | 20 | 18 | 33 | 35 | 35 | 189 | 147 | 266 | 271 | 271 | 345 | |
2,756 | 2,963 | 3,251 | 3,495 | 3,907 | 4,379 | 5,065 | 5,733 | 6,021 | 6,249 | 6,249 | 6,838 | |
Total Liabilities | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 | 10,523 |
3,369 | 3,177 | 2,898 | 2,730 | 2,616 | 2,401 | 2,341 | 2,179 | 2,995 | 3,044 | 3,044 | 3,460 | |
CWIP | 295 | 245 | 231 | 188 | 94 | 105 | 143 | 639 | 246 | 358 | 358 | 1,742 |
Investments | 851 | 812 | 1,325 | 1,756 | 1,979 | 2,658 | 1,751 | 1,464 | 774 | 778 | 778 | 464 |
1,799 | 1,586 | 1,633 | 2,136 | 2,673 | 2,924 | 2,937 | 3,618 | 4,219 | 4,799 | 4,799 | 4,857 | |
Total Assets | 6,314 | 5,820 | 6,086 | 6,810 | 7,363 | 8,088 | 7,173 | 7,900 | 8,234 | 8,979 | 8,979 | 10,523 |
Cash Flows
Figures in Rs. Crores
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,796 | 1,644 | 1,098 | 1,466 | 1,818 | 2,052 | 2,295 | 2,454 | 2,236 | 2,737 | 3,392 | 4,175 | |
-441 | -432 | -70 | -126 | -131 | -52 | 83 | -321 | -1,920 | -392 | -927 | -1,237 | |
-580 | -1,635 | -498 | -666 | -997 | -1,317 | -3,602 | -1,956 | -2,020 | -2,123 | -2,436 | -3,135 | |
Net Cash Flow | 775 | -423 | 529 | 674 | 691 | 683 | -1,223 | 177 | -1,704 | 223 | 29 | -198 |
Ratios
Figures in Rs. Crores
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 4 |
Inventory Days | 79 | 82 | 103 | 107 | 91 | 92 | 107 | 107 | 111 | 110 | 83 | 83 |
Days Payable | 68 | 71 | 94 | 91 | 99 | 118 | 124 | 115 | 122 | 121 | 92 | 112 |
Cash Conversion Cycle | 14 | 15 | 12 | 20 | -5 | -22 | -14 | -3 | -7 | -7 | -5 | -24 |
Working Capital Days | -17 | -13 | -21 | -10 | -15 | -21 | -19 | -21 | -19 | -15 | -9 | -18 |
ROCE % | 53% | 56% | 46% | 54% | 57% | 71% | 96% | 139% | 150% | 138% | 169% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Disclosure of change in the Senior Management Personnel of the Company
- Regulation 30 And Schedule III Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'): Intimation Regarding Receipt Of An Order From Customs Department Coochbehar In Relation To Short Payment Of Customs Duty 27 Jun
- To Consider Declaration Of An Interim Dividend For The Financial Year 2024-25, If Any, On 8Th July 2024 And Intimation Of Record Date 20 Jun
- Closure of Trading Window 20 Jun
- Board Meeting Intimation for Consideration Of Un-Audited Financial Results For The First Quarter Ending 30Th June 2024, On 25Th July 2024. 20 Jun
Annual reports
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Financial Year 2024
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Apr 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Feb 2023Transcript PPT
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Aug 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Jul 2018TranscriptPPT
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Aug 2017TranscriptPPT
Business Overview
Nestle India a subsidiary of Nestle S A (holds 62% stake) is primarily involved in the Food business which incorporates product groups viz. Milk Products and Nutrition, Prepared dishes and Cooking aids, Powdered and Liquid Beverages and Confectionery. It owns brands such as NESCAFÉ, MAGGI, MILKYBAR, KIT KAT, BAR-ONE, MILKMAID, NESTEA etc. [1]