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 2,814,182 - -
Change - 13.32% 33.22% -14.19% 4.38% 24.23% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,790,287 2,776,895 2,758,998
Change - 13.44% 33.56% -13.6% 3.26% 23.89% -0.48% -0.64%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 71.3x 61.4x 54x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 45.3x 38.8x 33x
PEG - 2.5x 2.1x -4.2x 9.23x 6.2x 3.8x 4x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 10.7x 9.63x 8.7x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 10.6x 9.51x 8.53x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 45.2x 39.3x 34.9x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 52x 45.1x 40.1x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 68.7x 56.2x 47.7x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.46% 1.78% 2.1%
Dividend per Share 2 11 - 16.1 13.5 12 15.59 18.05 20.34
Rate of return 1.27% - 1.23% 1.2% 1.02% 1.07% 1.24% 1.39%
EPS 2 12.4 15.55 20.4 17.19 18.38 20.48 23.77 27.01
Distribution rate 88.7% - 78.9% 78.5% 65.3% 76.1% 76% 75.3%
Net sales 1 168,970 191,263 243,939 202,016 231,546 262,309 292,120 323,312
EBITDA 1 37,420 44,710 58,198 47,737 53,061 61,756 70,580 79,131
EBIT 1 33,390 40,421 52,820 42,338 46,068 53,612 61,514 68,833
Net income 1 23,905 29,987 39,328 33,145 35,446 39,594 45,923 52,714
Net Debt 1 -9,155 -8,434 -4,743 10,712 -13,164 -23,895 -37,287 -55,184
Reference price 2 868.84 984.59 1,311.65 1,125.52 1,174.80 1,459.40 1,459.40 1,459.40
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.($)
20.98x3.01x14.78x3.72% 271B
21.27x2.47x14.55x3.41% 78.19B
19.35x1.96x11.05x3.18% 53.75B
17.1x0.52x10.04x2.68% 37.01B
22.82x3.36x13.68x3.17% 36.95B
43.57x3.64x21.55x0.82% 36.55B
12.11x1.94x9.56x6.33% 30.08B
12.23x0.38x8.68x2.73% 20.66B
11.9x1.84x10.56x6.53% 20.05B
Average 20.15x 2.12x 12.72x 3.62% 64.88B
Weighted average by Cap. 21.08x 2.56x 13.83x 3.54%

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