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Nestle India Ltd.
NESTLEINDLarge CapNSEBSE
Consumer Staples · Fast Moving Consumer Goods
₹1,443.60down 6.40down 0.44 percentas of 28 Aug 2026
Book value ₹26.62Div yield 0.97%
Key metrics
- Market Cap
- 2,80,714.36 ₹ cr
- P/E
- 79.89 x
- P/B
- 54.22 x
- ROE
- 33.93%
- ROCE
- 32.32%
- Debt to Equity
- 0.61 x
- Net Margin
- 15.80%
- Dividend Yield
- 0.97%
- Revenue Growth (YoY)
- 25.16%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 1 of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Promoter holding 62.8% (pledge data not available).
- Debt-to-equity 0.61 — above the Fast Moving Consumer Goods median of 0.41.
NESTLEIND
₹1,443.60down 0.44 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
56.46%ROCE
ROE: 67.85%·P/B: 54.22x
2. Forensic Health & SolvencyPiotroski 8/9 · Strong Health
8/9Piotroski Score
Altman: 4.2 (Safe Zone)
3. Valuation & DCF Spread-61.7% Valuation Premium
₹552DCF Fair Value
CMP: ₹1,443.6
4. Ownership & GovernanceClean Promoter Holding
62.76%Promoter Stake
Pledged: 0.0%·Inst: 14.45%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #10 of 29 in Consumer StaplesQVGM 47/100
Quality (Q)76
ROE, ROCE, Margins & Cash Conversion
Value (V)19
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)32
3Y Sales & EPS Compounded Growth
Momentum (M)55
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #10 of 29 in Consumer Staples
Valuation
Weak19/100
P/E Ratio:79.89x
P/B Ratio:54.22x
Dividend Yield:0.97%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak32/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Strong76/100
ROE:67.9%
ROCE:56.5%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong89/100
Piotroski F-Score:8/9
Altman Z-Score:4.24
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate55/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹1,152.50
From 52W High-6.26%
52-Week High₹1,540.00
Valuation MultiplesCash Flow & Yield
PEG Ratio18.93
Earnings Yield31.73%
Price / FCF1,468.71
FCF Yield0.07%
Payout Ratio3.06%
Net-Net Ratio-0.69
Solvency & SafetyPiotroski & Altman
Piotroski F-Score8/9
Altman Z-Score4.24
Graham Number₹523.85
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.56%
DII Stake:▼ 0.09%
OPM Margin:▼ 1.39%
Net Margin:▼ 0.77%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 5.48% | ▲ +25.16% | 14.62% | 6.58% | 6.50% |
| Net Profit Growth | ▼ 13.70% | ▲ +48.27% | 9.09% | 5.28% | 7.92% |
| EPS Growth | ▼ 15.57% | ▲ +48.51% | 10.94% | 4.22% | 7.28% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — NESTLEIND
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹592.8
Verdict:Overvalued (-58.9%)
Benjamin Graham Number
₹103.4
-92.8% vs CMPPeter Lynch Fair Value
₹88.8
-93.9% vs CMPReverse DCF Implied Growth
49.3% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹1,443.6
₹0 (Distress)CMP: ₹1,444DCF: ₹593Graham: ₹103
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR19.4%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 19.4% | ₹5,036 | 0.8969 | ₹4,517 |
| Year 2 | 19.4% | ₹6,013 | 0.8044 | ₹4,837 |
| Year 3 | 19.4% | ₹7,180 | 0.7214 | ₹5,179 |
| Year 4 | 19.4% | ₹8,573 | 0.6470 | ₹5,546 |
| Year 5 | 19.4% | ₹10,236 | 0.5803 | ₹5,939 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹624 -57% | ₹710 -51% | ₹765 -47% | ₹831 -42% | ₹1012 -30% |
| 11.0% | ₹540 -63% | ₹603 -58% | ₹641 -56% | ₹686 -52% | ₹803 -44% |
| 11.5% | ₹506 -65% | ₹560 -61% | ₹593 -59% | ₹631 -56% | ₹727 -50% |
| 12.0% | ₹476 -67% | ₹523 -64% | ₹551 -62% | ₹583 -60% | ₹663 -54% |
| 13.0% | ₹424 -71% | ₹460 -68% | ₹482 -67% | ₹506 -65% | ₹564 -61% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E79.89current
ReportedComputed, approximate
P/B54.22current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 79.89 | 54.22 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.56 / 5)
Strong Buy:4
Buy:13
Hold:14
Sell:5
Strong Sell:0
Coverage: 36 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Moderate risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:22.27%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +9.45%
Mean Target₹1,580.00vs CMP ₹1,443.60
High Target₹1,815.00+25.7% max upside
Low Target₹1,305.00-9.6% downside
Median Target₹1,597.0036 estimates
Low: ₹1,305.00Mean: ₹1,580.00High: ₹1,815.00
Mean Target Current Price (₹1,443.60)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹19.18
Low:—
High:—
FY2025E7 Analysts
Mean Estimate
₹3.61
Low:—
High:—
FY2025E5 Analysts
Mean Estimate
₹3.57
Low:—
High:—
FY2025E7 Analysts
Mean Estimate
₹4.53
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹15.48
Low:—
High:—
FY2026E7 Analysts
Mean Estimate
₹3.36
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹5.87
Low:—
High:—
FY2026E7 Analysts
Mean Estimate
₹5.95
Low:—
High:—
FY2026E6 Analysts
Mean Estimate
₹3.86
Low:—
High:—
FY2027E5 Analysts
Mean Estimate
₹5.00
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹5.34
Low:₹5.00
High:₹5.00
FY2027E3 Analysts
Mean Estimate
₹5.35
Low:₹4.00
High:₹5.00
FY2027E3 Analysts
Mean Estimate
₹5.60
Low:₹5.00
High:₹5.00
FY2028E1 Analysts
Mean Estimate
₹6.41
Low:₹6.00
High:₹6.00
FY2028E1 Analysts
Mean Estimate
₹5.70
Low:₹5.00
High:₹5.00
FY2028E2 Analysts
Mean Estimate
₹6.48
Low:₹5.00
High:₹7.00
FY2028E1 Analysts
Mean Estimate
₹5.94
Low:₹5.00
High:₹5.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹19.18 | — | — | — |
| FY2025 Forecast | ₹3.61 | — | — | 7 |
| FY2025 Forecast | ₹3.57 | — | — | 5 |
| FY2025 Forecast | ₹4.53 | — | — | 7 |
| FY2025 Forecast | ₹15.48 | — | — | — |
| FY2026 Forecast | ₹3.36 | — | — | 7 |
| FY2026 Forecast | ₹5.87 | — | — | 5 |
| FY2026 Forecast | ₹5.95 | — | — | 7 |
| FY2026 Forecast | ₹3.86 | — | — | 6 |
| FY2027 Forecast | ₹5.00 | — | — | 5 |
| FY2027 Forecast | ₹5.34 | ₹5.00 | ₹5.00 | 3 |
| FY2027 Forecast | ₹5.35 | ₹5.00 | ₹4.00 | 3 |
| FY2027 Forecast | ₹5.60 | ₹5.00 | ₹5.00 | 3 |
| FY2028 Forecast | ₹6.41 | ₹6.00 | ₹6.00 | 1 |
| FY2028 Forecast | ₹5.70 | ₹5.00 | ₹5.00 | 1 |
| FY2028 Forecast | ₹6.48 | ₹7.00 | ₹5.00 | 2 |
| FY2028 Forecast | ₹5.94 | ₹5.00 | ₹5.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
5 Factors- •Company has delivered a high Return on Equity (ROE) of 67.9%.
- •Company maintains conservative leverage with D/E of 0.09x.
- •Company has reduced borrowings by 61.9% over the last fiscal year.
- •Strong cash generation: Operating Cash Flow is 144.3% of reported Net Profit.
- •High promoter holding of 62.8% with zero encumbrance / pledge.
Risk Factors & Watchouts
1 Watchout- •Stock is trading at an elevated valuation multiple of 79.9x P/E.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score8 / 9
● Strong (High Quality)
Altman Z-Score4.24
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.99
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
120.5%Elite Cash Quality (>100%)
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
18.2%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
16.4%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹3,499 CrInflow
3,499
+ D&A Non-Cash Charge₹674 CrAdd-back
674
Working Capital Adjustment₹874 Cr+ Cash
874
= Operating Cash Flow (CFO)₹5,048 CrOperating Cash
5,048
- Capital Expenditures (CapEx)-₹830 CrReinvestment
830
= Free Cash Flow (FCF)₹4,218 CrFree Cash Flow
4,218
- Dividends & Debt Repayment-₹770 CrCapital Return
770
= Net Change in Cash₹3,448 CrNet Balance
3,448
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | FY1931 Mar 2019 | 2018-201931 Dec 2019 | FY2031 Mar 2020 | 2019-202031 Dec 2020 | FY2131 Mar 2021 | 2020-202131 Dec 2021 | FY2231 Mar 2022 | 2021-202231 Dec 2022 | FY2331 Mar 2023 | 2022-202331 Dec 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,399.17 | ₹12,368.90 | ₹1,565.77 | ₹13,350.03 | ₹1,752.20 | ₹14,740.59 | ₹1,960.83 | ₹16,896.96 | ₹2,194.30 | ₹19,126.30 | ₹24,393.89 | ₹20,201.56 | ₹23,154.60 |
| Operating profit | ₹339.83 | ₹2,555.32 | ₹380.29 | ₹2,832.47 | ₹425.57 | ₹2,935.11 | ₹476.24 | ₹3,315.91 | ₹532.95 | ₹4,036.37 | ₹5,282.15 | ₹4,429.44 | ₹4,754.85 |
| OPM | 24.29% | 20.66% | 24.29% | 21.22% | 24.29% | 19.91% | 24.29% | 19.62% | 24.29% | 21.10% | 21.65% | 21.93% | 20.54% |
| Net profit | ₹212.72 | ₹1,968.44 | ₹230.62 | ₹2,082.43 | ₹271.59 | ₹2,118.41 | ₹311.93 | ₹2,390.52 | ₹335.09 | ₹2,998.67 | ₹3,932.84 | ₹3,207.59 | ₹3,499.08 |
| EPS | 200.57 | 10.20 | 217.45 | 10.78 | 256.07 | 11.88 | 294.11 | 12.49 | 315.94 | 15.68 | 20.47 | 16.00 | 17.75 |
| Net margin | 15.20% | 15.91% | 14.73% | 15.60% | 15.50% | 14.37% | 15.91% | 14.15% | 15.27% | 15.68% | 16.12% | 15.88% | 15.11% |
| ROE | 29.99% | 102.58% | 29.53% | 103.12% | 31.53% | 108.84% | 32.79% | 97.21% | 31.85% | — | 117.72% | 79.99% | 67.85% |
| ROCE | 38.85% | 51.29% | 39.84% | 52.38% | 40.86% | 53.66% | 37.86% | 56.21% | 33.41% | — | 80.43% | 59.00% | 56.46% |
| Debt / equity | 0.23 | 0.10 | 0.22 | 0.07 | 0.21 | 0.14 | 0.32 | 0.11 | 0.52 | — | 0.10 | 0.29 | 0.09 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 14.62% | 6.58% | 6.50% | 30.92% |
| Net profit | 9.09% | 5.28% | 7.92% | 31.25% |
| EPS | 10.94% | 4.22% | 7.28% | -22.16% |
Each column only appears when 13 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | FY22 | 2021-2022 | FY23 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹1,182.47 | ₹7,172.94 | ₹1,299.07 | ₹7,899.73 | ₹1,427.09 | ₹8,234.13 | ₹1,689.41 | ₹8,978.74 | ₹2,077.92 | — | ₹10,523.06 | ₹12,193.32 | ₹13,182.49 |
| Total liabilities | ₹1,182.47 | ₹5,254.07 | ₹1,299.07 | ₹5,880.39 | ₹1,427.09 | ₹6,287.75 | ₹1,689.41 | ₹6,519.57 | ₹2,077.92 | — | ₹7,182.17 | ₹8,183.11 | ₹8,025.52 |
| Total equity | ₹709.27 | ₹1,918.87 | ₹781.09 | ₹2,019.34 | ₹861.46 | ₹1,946.38 | ₹951.41 | ₹2,459.17 | ₹1,052.06 | — | ₹3,340.89 | ₹4,010.21 | ₹5,156.97 |
| Total debt | ₹165.39 | ₹188.94 | ₹173.51 | ₹147.49 | ₹180.15 | ₹266.46 | ₹306.62 | ₹270.52 | ₹543.11 | — | ₹344.53 | ₹1,166.85 | ₹444.16 |
| Cash | ₹94.60 | ₹26.06 | ₹103.93 | ₹33.06 | ₹114.17 | ₹38.84 | ₹135.15 | ₹74.24 | ₹166.23 | — | ₹146.52 | ₹49.77 | ₹62.00 |
| Current assets | ₹413.86 | ₹3,817.17 | ₹454.68 | ₹4,185.08 | ₹499.48 | ₹2,762.18 | ₹591.29 | ₹3,490.15 | ₹727.27 | — | ₹3,494.72 | ₹3,734.16 | ₹4,590.47 |
| Current liabilities | ₹260.14 | ₹2,190.55 | ₹285.80 | ₹2,492.55 | ₹313.96 | ₹2,764.74 | ₹371.67 | ₹3,079.75 | ₹457.14 | — | ₹3,956.07 | ₹4,685.35 | ₹4,761.23 |
| Inventory | ₹141.90 | ₹1,290.41 | ₹155.89 | ₹1,432.64 | ₹171.25 | ₹1,608.92 | ₹202.73 | ₹1,941.74 | ₹249.35 | — | ₹2,116.77 | ₹2,876.29 | ₹2,611.71 |
| Receivables | ₹209.88 | ₹158.95 | ₹234.86 | ₹197.97 | ₹262.83 | ₹201.18 | ₹294.12 | ₹227.80 | ₹329.14 | — | ₹317.29 | ₹363.31 | ₹330.94 |
| Payables | ₹167.90 | ₹1,491.53 | ₹187.89 | ₹1,516.58 | ₹210.26 | ₹1,748.17 | ₹235.30 | ₹1,933.81 | ₹263.32 | — | ₹2,237.89 | ₹2,373.53 | ₹2,966.65 |
| Net PP&E | ₹527.34 | ₹2,484.75 | ₹648.38 | ₹2,817.99 | ₹547.13 | ₹3,240.90 | ₹852.53 | ₹3,402.06 | ₹810.07 | — | ₹5,201.96 | ₹6,646.17 | ₹6,797.40 |
| Retained earnings | — | ₹1,854.80 | — | ₹1,954.95 | — | ₹1,881.84 | — | ₹2,361.84 | — | — | ₹3,243.60 | ₹3,911.99 | ₹4,964.78 |
Cash flow
| Metric | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | FY22 | 2021-2022 | FY23 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹211.33 | ₹2,295.25 | ₹229.58 | ₹2,454.48 | ₹278.83 | ₹2,236.00 | ₹353.64 | ₹2,737.43 | ₹410.79 | — | ₹4,174.79 | ₹2,936.35 | ₹5,047.56 |
| Capital expenditure | ₹-131.02 | ₹-154.52 | ₹-128.24 | ₹-478.36 | ₹-138.42 | ₹-734.84 | ₹-128.17 | ₹-549.92 | ₹-130.05 | — | ₹-1,882.67 | ₹-2,008.64 | ₹-829.70 |
| Free cash flow | ₹80.31 | ₹2,140.73 | ₹101.34 | ₹1,976.12 | ₹140.42 | ₹1,501.16 | ₹225.48 | ₹2,187.51 | ₹280.74 | — | ₹2,292.12 | ₹927.71 | ₹4,217.86 |
| OCF / net profit | — | 1.17 | — | 1.18 | — | 1.06 | — | 1.15 | — | — | 1.06 | 0.92 | 1.44 |
| FCF / Capex intensity | — | 1.25 | — | 3.58 | — | 4.99 | — | 3.25 | — | — | 7.72 | 9.94 | 3.58 |
Income statement detail
| Metric | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | FY22 | 2021-2022 | FY23 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹769.54 | ₹6,509.23 | ₹861.17 | ₹6,979.46 | ₹963.71 | ₹7,601.67 | ₹1,078.46 | ₹8,248.17 | ₹1,206.86 | ₹10,693.59 | ₹12,387.59 | ₹10,353.38 | ₹11,528.17 |
| Cost of revenue | ₹629.63 | ₹5,859.67 | ₹704.59 | ₹6,370.57 | ₹788.49 | ₹7,138.92 | ₹882.37 | ₹8,648.79 | ₹987.43 | ₹8,432.71 | ₹12,006.30 | ₹9,848.18 | ₹11,626.43 |
| EBITDA | ₹373.81 | ₹2,925.47 | ₹418.32 | ₹3,202.85 | ₹468.13 | ₹3,326.13 | ₹523.87 | ₹3,718.92 | ₹586.24 | ₹4,465.28 | ₹5,819.93 | ₹4,947.61 | ₹5,428.90 |
| Income before tax | ₹283.63 | ₹2,673.49 | ₹307.50 | ₹2,812.79 | ₹362.12 | ₹2,857.32 | ₹415.91 | ₹3,255.97 | ₹446.79 | ₹4,038.29 | ₹5,288.87 | ₹4,316.12 | ₹4,564.13 |
| Interest expense | ₹40.78 | — | ₹45.64 | — | ₹51.07 | — | ₹57.15 | — | ₹63.95 | ₹119.29 | — | ₹52.30 | ₹86.81 |
| Tax expense | ₹70.20 | ₹705.05 | ₹76.11 | ₹730.36 | ₹89.62 | ₹738.91 | ₹102.94 | ₹865.45 | ₹110.58 | ₹1,039.62 | ₹1,356.03 | ₹1,108.53 | ₹1,065.05 |
| D&A | ₹33.98 | ₹370.15 | ₹38.03 | ₹370.38 | ₹42.56 | ₹391.02 | ₹47.62 | ₹403.01 | ₹53.29 | ₹428.91 | ₹537.78 | ₹518.17 | ₹674.05 |
| EBITDA margin | — | 23.65% | — | 23.99% | — | 22.56% | — | 22.01% | — | 23.35% | 23.86% | 24.49% | 23.45% |
Financial ratios
| Metric | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | FY22 | 2021-2022 | FY23 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.74 | — | 1.68 | — | 1.00 | — | 1.13 | — | — | 0.88 | 0.80 | 0.96 |
| Quick ratio | — | 1.15 | — | 1.10 | — | 0.42 | — | 0.50 | — | — | 0.35 | 0.18 | 0.42 |
| Interest coverage | — | — | — | — | — | — | — | — | — | 33.84 | — | 84.69 | 54.77 |
| Inventory days | — | 80.38 | — | 82.08 | — | 82.26 | — | 81.95 | — | — | 64.35 | 106.60 | 81.99 |
| Receivable days | — | 4.69 | — | 5.41 | — | 4.98 | — | 4.92 | — | — | 4.75 | 6.56 | 5.22 |
| Payable days | — | 92.91 | — | 86.89 | — | 89.38 | — | 81.61 | — | — | 68.03 | 87.97 | 93.14 |
| Cash conversion cycle | — | -7.84 | — | 0.60 | — | -2.14 | — | 5.26 | — | — | 1.07 | 25.20 | -5.93 |
| Working capital days | 46.68 | 30.00 | 73.09 | 30.00 | 43.44 | 30.00 | 71.07 | 30.00 | 58.40 | 30.00 | -19.00 | -19.00 | -24.00 |
| Fixed asset turnover | — | 4.98 | — | 4.74 | — | 4.55 | — | 4.97 | — | — | 4.69 | 3.04 | 3.41 |
| ROA | — | 27.44% | — | 26.36% | — | 25.73% | — | 26.62% | — | — | 37.37% | 26.31% | 26.54% |
| ROIC | — | 90.38% | — | 98.28% | — | 100.10% | — | 91.68% | — | — | 110.99% | 64.20% | 65.81% |
| Gross margin | — | 52.63% | — | 52.28% | — | 51.57% | — | 48.81% | — | 55.91% | 50.78% | 51.25% | 49.79% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Capital Velocity Engine (High Asset Turnover)FY2025-2026
Net marginProfitability
15.11%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.76
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.56
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
67.85%
Reported: 67.85%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 10 Jul 2026 | dividend | 500% |
| 10 Jul 2026 | dividend | 200% | |
| 06 Feb 2026 | dividend | 700% | |
| 2025 | 08 Aug 2025 | bonus | 1:1 |
| 04 Jul 2025 | dividend | 1000% | |
| 07 Feb 2025 | dividend | 1425% | |
| 2024 | 16 Jul 2024 | dividend | 850% |
| 16 Jul 2024 | dividend | 275% | |
| 15 Feb 2024 | dividend | 700% | |
| 05 Jan 2024 | split | 1:10 | |
| 2023 | 01 Nov 2023 | dividend | 1400% |
| 21 Apr 2023 | dividend | 270% | |
| 21 Apr 2023 | dividend | 750% | |
| 2022 | 01 Nov 2022 | dividend | 1200% |
| 22 Apr 2022 | dividend | 250% | |
| 22 Apr 2022 | dividend | 650% | |
| 2021 | 27 Oct 2021 | dividend | 1100% |
| 01 May 2021 | dividend | 250% | |
| 01 May 2021 | dividend | 650% | |
| 2020 | 02 Nov 2020 | dividend | 1350% |
| 13 Jun 2020 | dividend | 610% | |
| 2019 | 11 Dec 2019 | dividend | 550% |
| 13 Aug 2019 | dividend | 1800% | |
| 13 Aug 2019 | dividend | 230% | |
| 13 Aug 2019 | dividend | 1800% | |
| 13 Aug 2019 | dividend | 230% | |
| 07 May 2019 | dividend | 230% | |
| 07 May 2019 | dividend | 230% | |
| 03 May 2019 | dividend | 250% | |
| 03 May 2019 | dividend | 250% | |
| 2018 | 13 Dec 2018 | dividend | 500% |
| 13 Dec 2018 | dividend | 500% | |
| 13 Aug 2018 | dividend | 200% | |
| 13 Aug 2018 | dividend | 0% | |
| 18 May 2018 | dividend | 230% | |
| 18 May 2018 | dividend | 0% | |
| 18 May 2018 | dividend | 200% | |
| 2017 | 12 Dec 2017 | dividend | 330% |
| 03 Aug 2017 | dividend | 150% | |
| 23 May 2017 | dividend | 150% | |
| 23 May 2017 | dividend | 230% | |
| 2016 | 13 Dec 2016 | dividend | 160% |
| 08 Aug 2016 | dividend | 120% | |
| 20 May 2016 | dividend | 185% | |
| 20 May 2016 | dividend | 120% | |
| 2015 | 14 Dec 2015 | dividend | 160% |
| 21 May 2015 | dividend | 140% | |
| 21 May 2015 | dividend | 125% | |
| 2014 | 09 Dec 2014 | dividend | 80% |
| 16 Sept 2014 | dividend | 300% | |
| 19 May 2014 | dividend | 125% | |
| 19 May 2014 | dividend | 125% | |
| 2013 | 05 Nov 2013 | dividend | 180% |
| 01 Aug 2013 | dividend | 180% | |
| 26 Feb 2013 | dividend | 125% | |
| 2012 | 13 Dec 2012 | dividend | 180% |
| 02 Aug 2012 | dividend | 180% | |
| 23 Mar 2012 | dividend | 125% | |
| 2011 | 13 Dec 2011 | dividend | 270% |
| 26 Apr 2011 | dividend | 90% | |
| 26 Apr 2011 | dividend | 125% | |
| 2010 | 04 Nov 2010 | dividend | 270% |
| 27 Apr 2010 | dividend | 125% | |
| 2009 | 05 Nov 2009 | dividend | 270% |
| 05 May 2009 | dividend | 90% | |
| 05 May 2009 | dividend | 120% | |
| 2008 | 17 Nov 2008 | dividend | 220% |
| 25 Apr 2008 | dividend | 110% | |
| 2007 | 14 Dec 2007 | dividend | 240% |
| 21 Mar 2007 | dividend | 80% | |
| 2006 | 11 Dec 2006 | dividend | 180% |
| 21 Apr 2006 | dividend | 80% | |
| 2005 | 12 Dec 2005 | dividend | 180% |
| 25 Apr 2005 | dividend | 95% | |
| 2004 | 13 Dec 2004 | dividend | 100% |
| 21 Jul 2004 | dividend | 100% | |
| 2003 | 11 Dec 2003 | dividend | 100% |
| 06 Aug 2003 | dividend | 100% | |
| 2002 | 11 Dec 2002 | dividend | 180% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 17 dividend distributions
Latest Year DPS:₹14.00
Yield on CMP:0.97%
3Y Dividend CAGR:-61.3%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹708.50
₹14.0
2026
₹24.3
2025
₹18.3
2024
₹242.0
2023
₹210.0
2022
₹200.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 10 Jul 2026 | ₹5.00 | Final |
| 10 Jul 2026 | ₹2.00 | Special |
| 06 Feb 2026 | ₹7.00 | Interim |
| 04 Jul 2025 | ₹10.00 | Final |
| 07 Feb 2025 | ₹14.25 | Interim |
| 16 Jul 2024 | ₹8.50 | Final |
| 16 Jul 2024 | ₹2.75 | Interim |
| 15 Feb 2024 | ₹7.00 | Interim |
| 01 Nov 2023 | ₹140.00 | Interim |
| 21 Apr 2023 | ₹75.00 | Final |
| 21 Apr 2023 | ₹27.00 | Interim |
| 31 Oct 2022 | ₹120.00 | Interim |
| 21 Apr 2022 | ₹65.00 | Final |
| 21 Apr 2022 | ₹25.00 | Interim |
| 26 Oct 2021 | ₹110.00 | Interim |
| 29 Apr 2021 | ₹65.00 | Final |
| 29 Apr 2021 | ₹25.00 | Interim |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Fast Moving Consumer GoodsCompare Peers in Studio
Market Cap2,80,714.36 ₹ cr
Beats 95% of 43 industry peers · median 15,732.47 ₹ cr
P/E79.89 x
Beats 89% of 36 industry peers · median 37.51 x
P/B54.22 x
Beats 97% of 36 industry peers · median 5.64 x
ROE33.93%
Beats 93% of 41 industry peers · median 16.02%
ROCE32.32%
Beats 88% of 41 industry peers · median 17.93%
Debt to Equity0.61 x
Beats 93% of 40 industry peers · median 0.41 x
Net Margin15.80%
Beats 90% of 41 industry peers · median 12.55%
Dividend Yield0.97%
Beats 50% of 38 industry peers · median 1.02%
Revenue Growth (YoY)25.16%
Beats 80% of 41 industry peers · median 13.72%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Hindustan Unilever Ltd.HINDUNILVR | ₹4.70 L | 44.43 | 9.69 |
ITC Ltd.ITC | ₹3.33 L | 16.29 | 4.65 |
| ₹1.38 L | 46.12 | 7.15 | |
Britannia Industries Ltd.BRITANNIA | ₹1.26 L | 50.47 | 25.04 |
United Spirits Ltd.UNITDSPR | ₹1.08 L | 62.74 | 12.27 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Nestle India Ltd. (NESTLEIND)
Indexed Documents8 Filings
Latest Disclosure01 Aug 2026
Press Release01 Aug 2026
Nestle India Ltd: Press Release: Business Updates and New Strategic Initiatives
Board Outcome09 Jul 2026
Nestle India Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
AGM / EGM27 May 2026
Nestle India Ltd: Notice of Annual General Meeting and Record Date for Dividend
Concall Transcript16 May 2026
Nestle India Ltd: Transcript of Earnings Conference Call with Institutional Investors
Secretarial Filing10 Apr 2026
Nestle India Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Investor Deck28 Jan 2026
Nestle India Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Corporate Action22 Jan 2026
Nestle India Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
News
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Buy or sell stocks: Vaishali Parekh has recommended buying these three stocks for intraday trading — Nestle India, HFCL, and LT
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- IndianAPISensex, Nifty 50 fall for 4th consecutive session; investors lose ₹3 lakh crore in a day; oil prices hit $99 per barrel
The Sensex dropped 364 points, or 0.47%, to end at 76,391.39, while the Nifty 50 finished at 23,869.60, down 127 points, or 0.53%. In these four sessions, the Sensex has crashed 1,760 points, or 2.3%, while the NSE counterpart has shed 465 points, or almost 2%.
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The Sensex dropped 364 points, or 0.47%, to end at 76,391.39, while the Nifty 50 finished at 23,869.60, down 127 points, or 0.53%. In these four sessions, the Sensex has crashed 1,760 points, or 2.3%, while the NSE counterpart has shed 465 points, or almost 2%.
- IndianAPIStock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Thursday, 23 July
Indian stock markets are set to open lower on July 23, influenced by mixed global cues and rising crude prices amid geopolitical tensions. The Sensex and Nifty 50 fell nearly 1% on July 22, while experts suggest further caution in trading due to persistently high oil prices.
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Nestle India Q1 results 2026: Net profit rose as much as 48% YoY to ₹975 crore during the Q1 FY27. The FMCG stock surged as much as 3.11% to ₹1,497 apiece on NSE.
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For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.