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 2,834,429 - -
Change - 13.32% 33.22% -14.19% 4.38% 25.12% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,808,237 2,794,297 2,777,700
Change - 13.44% 33.56% -13.6% 3.26% 24.69% -0.5% -0.59%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 68.1x 59.1x 52.1x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 45.4x 38.8x 33.5x
PEG - 2.5x 2.1x -4.2x 9.23x 3.9x 3.9x 3.8x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 10.6x 9.45x 8.48x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 10.5x 9.31x 8.31x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 43.4x 38x 33.6x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 49.5x 43.3x 38x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 66.3x 53.7x 47.3x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.51% 1.86% 2.11%
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% 1.12% 1.29% 1.48%
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 1,469.90 1,469.90 1,469.90
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.($)
20.57x2.84x14.15x3.96% 251B
19.97x2.5x14.93x3.28% 79.97B
17.4x1.81x10.2x3.59% 48.77B
15.27x0.57x10.17x2.53% 39.74B
22.21x3.35x13.58x3.15% 36.86B
38.32x3.28x19.06x0.94% 33.1B
67.87x10.41x43.17x1.12% 29.46B
-105.67x1.89x9.37x6.45% 29.43B
11.66x0.38x8.65x2.52% 21.97B
Average 11.96x 3.00x 15.92x 3.06% 63.33B
Weighted average by Cap. 16.57x 2.85x 14.93x 3.43%

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