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 2,668,787 - -
Change - 13.32% 33.22% -14.19% 4.38% 17.81% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,642,595 2,628,655 2,612,058
Change - 13.44% 33.56% -13.6% 3.26% 17.33% -0.53% -0.63%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 64.1x 55.7x 49x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 42.7x 36.5x 31.5x
PEG - 2.5x 2.1x -4.2x 9.23x 3.7x 3.7x 3.6x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 9.94x 8.9x 7.99x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 9.84x 8.76x 7.82x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 40.8x 35.8x 31.6x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 46.5x 40.7x 35.8x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 62.4x 50.5x 44.5x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.6% 1.98% 2.25%
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% 1.19% 1.37% 1.57%
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 1,384.00 1,384.00 1,384.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
64.11x9.84x40.79x1.19% 27.94B
20.42x2.79x13.91x4.05% 244B
19.88x2.5x14.89x3.3% 79.69B
16.32x1.71x9.67x3.83% 45.83B
16.06x0.57x10.22x2.4% 41.8B
20.98x3.19x12.94x3.33% 34.82B
34.09x2.97x17.2x1.08% 30.91B
-8.67x1.87x9.32x6.52% 29.17B
12.48x0.4x9.04x2.35% 23.52B
Average 21.74x 2.87x 15.33x 3.12% 62.02B
Weighted average by Cap. 20.80x 2.73x 14.45x 3.51%

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

  1. Stock Market
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  3. NESTLEIND Stock
  4. Valuation Nestlé India Limited
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