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 2,256,128 - -
Change - 13.32% 33.22% -14.19% 4.38% -0.41% - -
Enterprise Value (EV) 1 1,666,241 1,890,170 2,524,530 2,181,078 2,252,219 2,230,090 2,215,907 2,199,371
Change - 13.44% 33.56% -13.6% 3.26% -0.98% -0.64% -0.75%
P/E 70.1x 63.3x 64.3x 65.5x 63.9x 54.1x 47.3x 41.5x
PBR 68.1x 61.4x 75.7x 54.1x 42.7x 36x 30.8x 26.5x
PEG - 2.5x 2.1x -4.2x 9.23x 3.1x 3.3x 3x
Capitalization / Revenue 9.92x 9.93x 10.4x 10.7x 9.78x 8.36x 7.49x 6.73x
EV / Revenue 9.86x 9.88x 10.3x 10.8x 9.73x 8.26x 7.36x 6.56x
EV / EBITDA 44.5x 42.3x 43.4x 45.7x 42.4x 34.3x 30.3x 26.9x
EV / EBIT 49.9x 46.8x 47.8x 51.5x 48.9x 39.3x 34.5x 30.4x
EV / FCF 76.2x 93.5x 110x 235x 53.4x 53.2x 42.9x 38.2x
FCF Yield 1.31% 1.07% 0.91% 0.43% 1.87% 1.88% 2.33% 2.62%
Dividend per Share 2 11 - 16.1 13.5 12 16.31 19.11 22.04
Rate of return 1.27% - 1.23% 1.2% 1.02% 1.39% 1.63% 1.88%
EPS 2 12.4 15.55 20.4 17.19 18.38 21.64 24.75 28.21
Distribution rate 88.7% - 78.9% 78.5% 65.3% 75.4% 77.2% 78.1%
Net sales 1 168,970 191,263 243,939 202,016 231,546 269,995 301,078 335,221
EBITDA 1 37,420 44,710 58,198 47,737 53,061 64,945 73,060 81,874
EBIT 1 33,390 40,421 52,820 42,338 46,068 56,783 64,149 72,324
Net income 1 23,905 29,987 39,328 33,145 35,446 41,625 47,812 54,510
Net Debt 1 -9,155 -8,434 -4,743 10,712 -13,164 -26,038 -40,221 -56,757
Reference price 2 868.84 984.59 1,311.65 1,125.52 1,174.80 1,170.00 1,170.00 1,170.00
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 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.($)
54.07x8.26x34.34x1.39% 23.76B
22.13x2.98x14.67x3.71% 264B
19.78x2.56x15.2x3.15% 82.2B
17.61x1.81x10.32x3.57% 47.06B
14.23x0.51x9.17x2.72% 37.07B
19.19x3.04x12.2x3.47% 33.28B
35.04x3.03x17.67x1.06% 31.02B
27.06x5.75x18.99x2.96% 30B
-8.58x1.86x9.3x6.59% 28.86B
Average 22.28x 3.31x 15.76x 3.18% 64.19B
Weighted average by Cap. 21.48x 2.98x 14.82x 3.41%

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
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