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 2,882,155 - -
Change - 13.32% 33.22% -14.19% 4.38% 27.23% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,855,963 2,842,023 2,824,806
Change - 13.44% 33.56% -13.6% 3.26% 26.81% -0.49% -0.61%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 69.4x 60x 52.6x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 46x 39.1x 33.2x
PEG - 2.5x 2.1x -4.2x 9.23x 4.1x 3.8x 3.7x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 10.7x 9.6x 8.62x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 10.6x 9.47x 8.45x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 44x 38.6x 34.1x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 50.2x 43.8x 38.4x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 67.4x 54.6x 48x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.48% 1.83% 2.08%
Dividend per Share 2 11 - 16.1 13.5 12 16.43 18.94 21.52
Rate of return 1.27% - 1.23% 1.2% 1.02% 1.1% 1.27% 1.44%
EPS 2 12.4 15.55 20.4 17.19 18.38 21.53 24.89 28.4
Distribution rate 88.7% - 78.9% 78.5% 65.3% 76.3% 76.1% 75.8%
Net sales 1 168,970 191,263 243,939 202,016 231,546 268,713 300,207 334,472
EBITDA 1 37,420 44,710 58,198 47,737 53,061 64,839 73,532 82,794
EBIT 1 33,390 40,421 52,820 42,338 46,068 56,840 64,844 73,468
Net income 1 23,905 29,987 39,328 33,145 35,446 41,533 48,043 54,920
Net Debt 1 -9,155 -8,434 -4,743 10,712 -13,164 -26,192 -40,132 -57,349
Reference price 2 868.84 984.59 1,311.65 1,125.52 1,174.80 1,494.65 1,494.65 1,494.65
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.($)
21.17x2.93x14.49x3.81% 259B
22.1x2.52x14.88x3.32% 80.2B
19.05x1.94x10.96x3.23% 52.86B
17.37x0.55x10.44x2.48% 40.09B
22.97x3.38x13.78x3.15% 37.2B
13.01x2.04x10.02x5.88% 32.37B
34.53x2.92x17.31x1.03% 28.5B
13.94x0.4x9.18x2.47% 22.77B
Average 20.52x 2.09x 12.63x 3.17% 69.17B
Weighted average by Cap. 20.86x 2.48x 13.53x 3.46%

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