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 16,75,397 18,98,604 25,29,273 21,70,366 22,65,384 25,70,636 - -
Change - 13.32% 33.22% -14.19% 4.38% 13.47% - -
Enterprise Value (EV) 1 16,66,241 18,90,170 25,24,530 21,81,078 22,52,219 25,44,444 25,30,504 25,13,907
Change - 13.44% 33.56% -13.6% 3.26% 12.97% -0.55% -0.66%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 61.7x 53.6x 47.2x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 41.2x 35.2x 30.4x
PEG - 2.5x 2.1x -4.2x 9.23x 3.5x 3.5x 3.5x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 9.57x 8.57x 7.69x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 9.47x 8.44x 7.52x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 39.3x 34.5x 30.4x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 44.8x 39.1x 34.4x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 60x 48.6x 42.8x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.67% 2.06% 2.34%
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% 1.23% 1.42% 1.63%
EPS 2 12.4 15.55 20.4 17.19 18.38 21.6 24.88 28.25
Distribution rate 88.7% - 78.9% 78.5% 65.3% 76.1% 76.1% 76.9%
Net sales 1 1,68,970 1,91,263 2,43,939 2,02,016 2,31,546 2,68,611 2,99,993 3,34,082
EBITDA 1 37,420 44,710 58,198 47,737 53,061 64,738 73,442 82,658
EBIT 1 33,390 40,421 52,820 42,338 46,068 56,840 64,638 73,061
Net income 1 23,905 29,987 39,328 33,145 35,446 41,592 48,049 54,942
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 1,333.10 1,333.10 1,333.10
Nbr of stocks (in thousands) 19,28,314 19,28,314 19,28,314 19,28,314 19,28,314 19,28,314 - -
Announcement Date 16/02/23 07/02/24 25/04/24 24/04/25 21/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.98x2.74x13.65x4.13% 23TCr
18.88x2.44x14.57x3.39% 7.74TCr
16.01x1.66x9.46x3.96% 4.27TCr
15.27x0.54x9.76x2.53% 3.97TCr
36.23x3.13x18.23x1.02% 3.19TCr
19.67x3.01x12.24x3.55% 3.27TCr
25.55x5.3x16.89x3.28% 2.9TCr
61.1x9.38x38.91x1.25% 2.63TCr
-7.92x1.77x8.84x7.14% 2.67TCr
Average 22.75x 3.33x 15.84x 3.36% 6.01TCr
Weighted average by Cap. 21.02x 2.90x 14.52x 3.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nestlé India Limited

Historical PBR trend

Valuation ratios - PBR - Nestlé India Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nestlé India Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nestlé India Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nestlé India Limited