Nestle India Ltd logo

Nestle India Ltd

NESTLEIND NSE

Key Fundamentals

LargecapPackaged FoodsFood Products
Market Cap
3.0L Cr
Volatility
Moderate
P/E Ratio
76.88
EBITDA
₹5,346 Cr
Return on Equity
67.85%
Debt to Equity
0.08
Book Value
₹26.74
EPS
₹33.58
52W High
₹1,535.9
52W Low
₹1,084.7

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY01–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 92.3%
  • Company has been maintaining a healthy dividend payout of 74.3%

Weaknesses

2
  • Stock is trading at 55.9 times its book value
  • The company has delivered a poor sales growth of 11.6% over past five years.

Growth Rate

Revenue Growth
14.48% ↗
Net Income Growth
9.09% ↗
Cash Flow Change
71.90% ↗
ROE
-15.18% ↘
ROCE
-5.43% ↗
EBITDA Margin (Avg.)
-3.35% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Nestle India is a Rs 2,94,280 crore FMCG company trading at a PE of 77x and 56.9x book value, reflecting premium pricing for its consistent earnings growth (25% TTM profit growth) and near-debt-free balance sheet, though revenue growth has remained moderate at 11-12% over multi-year periods.

Bull Case 8
  • Exceptional return on equity with 3-year average ROE of 92.3%, indicating highly efficient capital deployment relative to equity base
  • TTM profit growth of 25% outpacing TTM sales growth of 19%, demonstrating margin expansion and operating leverage
  • Company is virtually debt-free, providing financial flexibility and resilience against interest rate cycles
  • Consistent long-term compounded profit growth of 15% over 10 years, reflecting durable earnings power across economic cycles
  • Healthy dividend payout ratio of 74.3% with current yield of 0.92%, rewarding shareholders with regular cash returns
  • Stock CAGR of 34% over the last 1 year, indicating strong recent momentum and investor confidence
  • 10-year stock CAGR of 16% has compounded shareholder wealth steadily over a full market cycle
  • 5-year compounded sales growth of 12% and profit growth of 11% show steady business scaling without excessive volatility
Bear Case 8
  • PE ratio of 77x is significantly elevated compared to broader market averages, leaving little room for execution missteps
  • Price-to-book of 56.9x means investors are paying an extreme premium over tangible asset value, creating downside risk in a de-rating scenario
  • 5-year compounded sales growth of only 11.6% is modest for a stock commanding such premium multiples, suggesting growth may not justify valuation
  • Last year ROE declined to 73% from 3-year average of 92%, indicating potential compression in capital efficiency
  • Dividend yield of just 0.92% offers limited income cushion despite the 74.3% payout ratio, as the high stock price dilutes yield
  • 10-year ROE average of 76% is lower than the 3-year and 5-year figures (92% and 98%), suggesting recent high ROE may partly reflect capital structure changes rather than purely operational improvement
  • 3-year and 5-year stock CAGR of 11% each barely matches profit growth, indicating the premium valuation was already priced in years ago with limited further multiple expansion potential
  • At Rs 2,94,280 crore market cap with 12% revenue growth, the implied expectations for future growth require sustained execution in an increasingly competitive packaged foods market

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • Rs 6.67 Cr Tripura tax demand Jul 15

    Nestle India received a re-assessment order demanding Rs 6.67 Cr from Tripura tax authorities, including VAT, interest, and penalty.

Positives 3
  • Q1FY27 sales surge 25.4% Jul 22

    Nestle India reported Q1FY27 sales of ₹6,363.3 crore, up 25.4% YoY, with net profit jumping 47.9% to ₹975.1 crore driven by volume growth.

  • FY26 revenue up 14.9%, EBITDA +72% Aug 4

    Nestle India shared 14.9% revenue growth and 72% EBITDA growth for FY25-26 at its investor meet, driven by volume expansion and premiumization.

  • Record domestic sales at AGM Jul 30

    67th AGM on July 3, 2026 confirmed highest-ever domestic sales of ₹23,071.5 crore and declared a Special Dividend 2026 of ₹2.00 per share.

Neutral 2
  • Virtual analyst meet concluded Aug 4

    Nestle India held its virtual analyst and institutional investor meet on August 4, 2026; audio-video recording is available on the company website.

  • Steady coffee supply outlook Jul 22

    Nestlé anticipates steady coffee supply supported by increased production in Brazil and Vietnam, though no specific financial data was disclosed.

TL;DR: Nestle India is delivering strong broad-based growth with Q1FY27 sales up 25.4% and FY26 EBITDA surging 72%, supported by volume expansion, premiumization, and record domestic sales. The only notable headwind is a minor Rs 6.67 Cr tax demand from Tripura. Overall momentum is clearly positive with robust earnings trajectory and improving rural penetration suggesting continued strength ahead.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,659
5,037
4,600
5,268
4,814
5,104
4,780
5,504
5,096
5,644
5,667
6,748
6,378
Expenses
3,603
3,812
3,505
3,918
3,700
3,936
3,677
4,116
3,996
4,407
4,466
4,976
4,840
Operating Profit
1,056
1,225
1,095
1,350
1,114
1,168
1,103
1,388
1,100
1,237
1,201
1,772
1,538
OPM %
23%
24%
24%
26%
23%
23%
23%
25%
22%
22%
21%
26%
24%
Other Income
24
140
-77
37
39
298
4
9
4
2
170
-18
16
Interest
33
31
23
26
32
32
35
38
47
46
28
37
42
Depreciation
107
111
109
110
113
122
150
155
157
163
174
205
188
PBT
939
1,222
886
1,251
1,009
1,312
922
1,205
900
1,029
1,168
1,513
1,324
Tax %
26%
26%
26%
25%
26%
25%
25%
26%
27%
27%
13%
26%
26%
Net Profit
698
908
656
934
747
986
696
885
659
753
1,018
1,114
975
EPS in Rs
3.62
4.71
3.4
4.84
3.87
5.12
3.61
4.59
3.42
3.91
5.28
5.78
5.06
Figures in ₹ Crores

Profit & Loss

  Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024 15mMar 2025Mar 2026TTM
Sales
8,175
9,141
10,010
11,292
12,369
13,350
14,741
16,897
19,126
24,394
20,202
23,155
24,437
Expenses
6,620
7,292
7,913
8,675
9,443
10,149
11,178
13,191
14,655
18,551
15,430
17,848
18,689
Operating Profit
1,555
1,850
2,097
2,618
2,926
3,202
3,562
3,706
4,471
5,843
4,771
5,307
5,747
OPM %
19%
20%
21%
23%
24%
24%
24%
22%
23%
24%
24%
23%
24%
Other Income
-391
140
177
259
247
146
-112
107
116
159
352
160
170
Interest
3
91
92
112
129
164
202
155
119
145
136
158
154
Depreciation
347
354
342
336
370
370
391
403
429
568
540
699
730
PBT
814
1,545
1,839
2,429
2,673
2,813
2,857
3,256
4,038
5,289
4,447
4,610
5,034
Tax %
31%
35%
33%
34%
26%
26%
26%
27%
26%
26%
25%
23%
—
Net Profit
563
1,001
1,225
1,607
1,968
2,082
2,118
2,391
2,999
3,933
3,314
3,545
3,860
EPS in Rs
2.92
5.19
6.35
8.33
10.21
10.8
10.99
12.4
15.55
20.4
17.19
18.38
20.03
Div. Payout %
83%
61%
68%
69%
168%
93%
91%
89%
56%
79%
79%
65%
—
Figures in ₹ Crores

Balance Sheet

  Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Equity Capital
96
96
96
96
96
96
96
96
96
96
96
193
Reserves
2,721
3,186
3,324
3,577
1,822
1,923
1,850
2,363
2,363
3,244
4,021
5,116
Borrowings
18
33
35
35
189
147
266
271
271
345
1,167
444
Other Liabilities
3,251
3,495
3,907
4,379
5,065
5,733
6,021
6,249
6,249
6,838
7,040
7,604
Total Liabilities
6,086
6,810
7,363
8,088
7,173
7,900
8,234
8,979
8,979
10,523
12,324
13,357
Fixed Assets
2,898
2,730
2,616
2,401
2,341
2,179
2,995
3,044
3,044
3,460
5,474
6,290
CWIP
231
188
94
105
143
639
246
358
358
1,742
1,173
507
Investments
1,325
1,756
1,979
2,658
1,751
1,464
774
778
778
464
706
706
Other Assets
1,633
2,136
2,673
2,924
2,937
3,618
4,219
4,799
4,799
4,857
4,972
5,854
Total Assets
6,086
6,810
7,363
8,088
7,173
7,900
8,234
8,979
8,979
10,523
12,324
13,357
Figures in ₹ Crores

Cash Flow

  Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Operating
1,098
1,466
1,818
2,052
2,295
2,454
2,236
2,737
3,392
4,175
2,935
5,048
Investing
-70
-126
-131
-52
83
-321
-1,920
-392
-927
-1,237
-1,811
-624
Financing
-498
-666
-997
-1,317
-3,602
-1,956
-2,020
-2,123
-2,436
-3,135
-1,846
-3,179
Net Cash Flow
529
674
691
683
-1,223
177
-1,704
223
29
-198
-723
1,244
Free Cash Flow
949
1,353
1,622
1,890
2,143
1,980
1,505
2,197
2,028
2,296
930
4,221
CFO/OP
93
106
116
112
101
99
83
97
100
94
82
115
Figures in ₹ Crores

Ratios

  Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Debtor Days
4
4
3
4
4
5
4
4
4
4
7
5
Inventory Days
103
107
91
92
107
107
111
110
83
83
139
105
Days Payable
94
91
99
118
124
115
122
121
92
112
128
129
Cash Conversion Cycle
12
20
-5
-22
-14
-3
-7
-7
-5
-24
18
-19
Working Capital Days
-21
-10
-15
-21
-20
-22
-20
-16
-10
-19
-19
-24
ROCE %
46%
54%
57%
71%
96%
139%
150%
138%
153%
169%
96%
84%

Shareholding Pattern

As of Jun 2026
Promoters 62.76%
Public 11.98%
DIIs 11.90%
FIIs 10.29%
Others 3.06%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Aug 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
62.76%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
12.10%
0.00%
12.10%
11.94%
11.94%
10.26%
10.01%
10.29%
0.00%
9.82%
9.81%
9.74%
10.29%
DIIs
7.79%
7.79%
7.86%
7.75%
7.96%
8.47%
8.87%
9.06%
9.19%
9.05%
9.32%
8.44%
9.04%
9.22%
9.49%
10.80%
11.31%
11.18%
11.44%
11.77%
12.09%
12.39%
11.90%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
13.44%
13.40%
13.32%
13.31%
13.39%
13.38%
13.22%
13.04%
12.99%
12.84%
12.84%
12.88%
13.08%
13.03%
12.79%
13.08%
12.73%
12.47%
12.62%
12.50%
12.25%
12.08%
11.98%
Others
16.00%
16.05%
16.05%
16.17%
15.88%
15.38%
15.14%
15.14%
15.05%
15.34%
2.97%
15.92%
3.01%
3.04%
3.02%
3.10%
3.17%
3.30%
13.17%
3.15%
3.08%
3.03%
3.06%
No. of Shareholders
1,71,537
1,67,109
1,68,054
1,77,285
1,92,094
1,98,818
1,91,248
1,84,341
1,87,365
1,82,149
1,84,090
2,13,977
4,10,144
4,37,880
4,27,964
5,47,850
5,38,165
5,19,439
5,41,414
5,46,818
5,06,673
4,92,124
4,79,696

Documents

1
Concall - Mar 2019 Mar 2019
2
Concall - Aug 2019 Aug 2019
3
Concall - Feb 2022 Feb 2022
4
Concall - Aug 2022 Aug 2022
5
Concall - Apr 2024 Apr 2024

Frequently Asked Questions about Nestle India Ltd

What does Nestle India Ltd do?
Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.
Where is Nestle India Ltd (NESTLEIND) listed?
Nestle India Ltd is listed on the Indian stock exchanges. It is listed on NSE: NESTLEIND and BSE: 500790. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nestle India Ltd belong to?
Nestle India Ltd operates in the Food Products sector within the Packaged Foods industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nestle India Ltd?
Nestle India Ltd has a market capitalisation of approximately ₹297461.77 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Nestle India Ltd?
The Price-to-Earnings (PE) ratio of Nestle India Ltd is 76.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nestle India Ltd?
Over the past 52 weeks, Nestle India Ltd has traded between a low of ₹1,084.7 and a high of ₹1,535.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nestle India Ltd pay dividends?
Yes, Nestle India Ltd has a dividend yield of 0.91%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nestle India Ltd?
Nestle India Ltd has a Return on Equity (ROE) of 67.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nestle India Ltd on Tapetide?
On Tapetide, you can view Nestle India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.

Website nestle.in
Employees 8,419
Listed 1998-12-03
Face Value ₹ 1
Issued Size 1,92,83,14,320

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