Company Valuation: Nestlé India Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,675,397 1,898,604 2,529,273 2,170,366 2,265,384 2,849,952 - -
Change - 13.32% 33.22% -14.19% 4.38% 25.8% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,823,760 2,809,820 2,793,223
Change - 13.44% 33.56% -13.6% 3.26% 25.38% -0.49% -0.59%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 68.5x 59.4x 52.3x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 45.6x 39x 33.7x
PEG - 2.5x 2.1x -4.2x 9.23x 3.9x 3.9x 3.9x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 10.6x 9.5x 8.53x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 10.5x 9.37x 8.36x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 43.6x 38.2x 33.8x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 49.7x 43.5x 38.2x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 66.6x 54x 47.6x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.5% 1.85% 2.1%
Dividend per Share 2 11 - 16.1 13.5 12 16.44 18.94 21.74
Rate of return 1.27% - 1.23% 1.2% 1.02% 1.11% 1.28% 1.47%
EPS 2 12.4 15.55 20.4 17.19 18.38 21.59 24.86 28.24
Distribution rate 88.7% - 78.9% 78.5% 65.3% 76.2% 76.2% 77%
Net sales 1 168,970 191,263 243,939 202,016 231,546 268,609 300,022 334,080
EBITDA 1 37,420 44,710 58,198 47,737 53,061 64,778 73,469 82,683
EBIT 1 33,390 40,421 52,820 42,338 46,068 56,775 64,589 73,041
Net income 1 23,905 29,987 39,328 33,145 35,446 41,579 47,977 54,875
Net Debt 1 -9,155 -8,434 -4,743 10,712 -13,164 -26,192 -40,132 -56,729
Reference price 2 868.84 984.59 1,311.65 1,125.52 1,174.80 1,477.95 1,477.95 1,477.95
Nbr of stocks (in thousands) 1,928,314 1,928,314 1,928,314 1,928,314 1,928,314 1,928,314 - -
Announcement Date 2/16/23 2/7/24 4/25/24 4/24/25 4/21/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
68.47x10.51x43.59x1.11% 29.79B
20.7x2.85x14.22x3.94% 256B
20.54x2.56x15.26x3.19% 82.26B
17.63x1.82x10.31x3.55% 49.81B
14.87x0.55x9.94x2.6% 38.7B
22.57x3.4x13.78x3.1% 37.46B
37.22x3.21x18.56x0.97% 32.4B
-108.9x1.92x9.55x6.26% 30.33B
11.53x0.38x8.6x2.54% 21.73B
Average 11.62x 3.02x 15.98x 3.03% 64.24B
Weighted average by Cap. 16.38x 2.88x 15.02x 3.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Nestlé India Limited