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Last Updated: April 2, 2026, 2:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500790 | NSE: NESTLEIND

Nestle India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,139.60Fairly Valued by 3.51%vs CMP ₹1,181.00

P/E (71.6) × ROE (83.0%) × BV (₹23.70) × DY (1.14%)

₹396.51Overvalued by 66.43%vs CMP ₹1,181.00
MoS: -197.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,216.6722%Fair (+3%)
Graham NumberEarnings₹95.7716%Over (-91.9%)
Earnings PowerEarnings₹142.9613%Over (-87.9%)
DCFCash Flow₹248.1713%Over (-79%)
Net Asset ValueAssets₹23.677%Over (-98%)
EV/EBITDAEnterprise₹328.099%Over (-72.2%)
Earnings YieldEarnings₹172.007%Over (-85.4%)
ROCE CapitalReturns₹180.159%Over (-84.7%)
Revenue MultipleRevenue₹157.175%Over (-86.7%)
Consensus (9 models)₹396.51100%Overvalued
Key Drivers: Wide model spread (₹24–₹1,217) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.8%

*Investments are subject to market risks

Investment Snapshot

67
Nestle India Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health84/100 · Strong
ROCE 95.7% ExcellentROE 83.0% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.80% MF buyingPromoter holding at 62.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 24% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +10% YoY GrowingProfit (4Q): -1% YoY Declining
Industry Rank85/100 · Strong
P/E 71.6 vs industry 112.3 Cheaper than peersROCE 95.7% vs industry 16.4% Above peersROE 83.0% vs industry 17.5% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Nestle India Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 71.6 vs Ind 112.3 | ROCE 95.7% | ROE 83.0% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.01x | IntCov 0.0x | Current 0.88x | Borrow/Reserve 0.11x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹3,314 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.01 pp | DII +0.35 pp | Prom 0.00 pp
Business Momentum
+39
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +0.4% | Q NP +35.2% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-66.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.11xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.01 ppLatest FII% minus previous FII%
DII Change+0.35 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-40,145Latest shareholder count minus previous count
Quarterly Sales Change+0.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+35.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:30 am

Market Cap 2,27,695 Cr.
Current Price 1,181
Intrinsic Value₹396.51
High / Low 1,340/1,074
Stock P/E71.6
Book Value 23.7
Dividend Yield1.14 %
ROCE95.7 %
ROE83.0 %
Face Value 1.00
PEG Ratio10.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nestle India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nestle India Ltd 2,27,695 Cr. 1,181 1,340/1,07471.6 23.71.14 %95.7 %83.0 % 1.00
Britannia Industries Ltd 1,31,851 Cr. 5,474 6,337/4,52554.6 1551.37 %53.0 %52.9 % 1.00
Bikaji Foods International Ltd 15,582 Cr. 621 821/59259.7 61.40.16 %20.1 %16.0 % 1.00
Zydus Wellness Ltd 13,872 Cr. 436 531/31757.7 1790.28 %6.16 %6.02 % 2.00
Hindustan Foods Ltd 5,892 Cr. 494 609/42243.2 87.10.00 %14.3 %14.0 % 2.00
Industry Average19,776.38 Cr581.69112.2889.800.31%16.37%17.51%5.63

All Competitor Stocks of Nestle India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,2574,8314,6595,0374,6005,2684,8145,1044,7805,5045,0965,6445,667
Expenses 3,2843,7353,6033,8123,5053,9183,7003,9363,6774,1153,9964,4074,465
Operating Profit 9731,0951,0561,2251,0951,3501,1141,1681,1031,3891,1001,2371,202
OPM % 23%23%23%24%24%26%23%23%23%25%22%22%21%
Other Income 303424140-7737392984842169
Interest 45373331232632323538474628
Depreciation 99102107111109110113122150155157163174
Profit before tax 8599909391,2228861,2511,0091,3129221,2059001,0291,168
Tax % 27%26%26%26%26%25%26%25%25%26%27%27%13%
Net Profit 6287376989086569347479866968856597531,018
EPS in Rs 3.263.823.624.713.404.843.875.123.614.593.423.915.28

Last Updated: February 7, 2026, 12:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:51 am

MetricDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024n n 15mMar 2025TTM
Sales 9,8558,1759,14110,01011,29212,36913,35014,74116,89719,12624,39420,20221,911
Expenses 7,8166,6207,2927,9138,6759,44310,14911,17813,19114,65518,55115,43016,983
Operating Profit 2,0391,5551,8502,0972,6182,9263,2023,5623,7064,4715,8434,7714,928
OPM % 21%19%20%21%23%24%24%24%22%23%24%24%22%
Other Income 87-391140177259247146-112107116159352183
Interest 1439192112129164202155119145136159
Depreciation 338347354342336370370391403429568540650
Profit before tax 1,7748141,5451,8392,4292,6732,8132,8573,2564,0385,2894,4474,302
Tax % 33%31%35%33%34%26%26%26%27%26%26%25%
Net Profit 1,1855631,0011,2251,6071,9682,0822,1182,3912,9993,9333,3143,316
EPS in Rs 6.142.925.196.358.3310.2110.8010.9912.4015.5520.4017.1917.20
Dividend Payout % 51%83%61%68%69%168%93%91%89%56%79%79%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:11%
TTM:4%
Compounded Profit Growth
10 Years:10%
5 Years:9%
3 Years:11%
TTM:-7%
Stock Price CAGR
10 Years:15%
5 Years:8%
3 Years:8%
1 Year:-4%
Return on Equity
10 Years:72%
5 Years:108%
3 Years:107%
Last Year:83%

Last Updated: September 4, 2025, 9:30 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Sep 2025
Equity Capital 969696969696969696969696193
Reserves 2,7412,7213,1863,3243,5771,8221,9231,8502,3632,3633,2444,0214,371
Borrowings 20183335351891472662712713451,167477
Other Liabilities 2,9633,2513,4953,9074,3795,0655,7336,0216,2496,2496,8387,0407,204
Total Liabilities 5,8206,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32412,245
Fixed Assets 3,1772,8982,7302,6162,4012,3412,1792,9953,0443,0443,4605,4745,819
CWIP 245231188941051436392463583581,7421,173929
Investments 8121,3251,7561,9792,6581,7511,464774778778464706706
Other Assets 1,5861,6332,1362,6732,9242,9373,6184,2194,7994,7994,8574,9724,791
Total Assets 5,8206,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32412,245

Reserves and Borrowings Chart

Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,6441,0981,4661,8182,0522,2952,4542,2362,7373,3924,1752,936
Cash from Investing Activity + -432-70-126-131-5283-321-1,920-392-927-1,237-1,811
Cash from Financing Activity + -1,635-498-666-997-1,317-3,602-1,956-2,020-2,123-2,436-3,135-1,848
Net Cash Flow -423529674691683-1,223177-1,70422329-198-723
Free Cash Flow 1,2409491,3531,6221,8902,1431,9801,5052,1972,0282,296932
CFO/OP 110%93%106%116%112%101%99%83%97%100%94%83%

Free Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024n n 15mMar 2025
Free Cash Flow-18.00-17.00-32.00-33.00-33.00-187.00-144.00-263.00-268.00-267.005.003.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025
Debtor Days 444344544447
Inventory Days 8210310791921071071111108383139
Days Payable 7194919911812411512212192112128
Cash Conversion Cycle 151220-5-22-14-3-7-7-5-2418
Working Capital Days -13-21-10-15-21-20-22-20-16-10-19-19
ROCE %56%46%54%57%71%96%139%150%138%153%169%96%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%
FIIs 12.06%12.38%12.10%12.09%12.10%11.94%11.94%10.27%10.02%10.28%9.82%9.81%
DIIs 9.19%9.05%9.32%9.16%9.00%9.17%9.45%10.80%11.30%11.18%11.75%12.10%
Public 15.99%15.82%15.81%15.98%16.14%16.10%15.86%16.17%15.90%15.76%15.63%15.31%
No. of Shareholders 1,87,3651,82,1491,84,0902,13,9774,10,1444,37,8804,27,9645,47,8505,38,1655,19,4395,46,8185,06,673

Shareholding Pattern Chart

No. of Shareholders

Nestle India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund 3,031,282 0.5 403.893,454,2822026-01-26 03:23:35-12.25%
Axis ELSS Tax Saver Fund 1,928,502 0.78 256.951,717,5242026-02-23 02:08:2712.28%
UTI Flexi Cap Fund 1,872,000 1.06 249.432,126,0002026-02-23 02:08:27-11.95%
ICICI Prudential Large & Mid Cap Fund 1,545,084 0.75 205.871,845,0842026-01-26 03:23:35-16.26%
ICICI Prudential FMCG Fund 1,299,171 9.75 173.11,339,1712026-02-23 02:08:27-2.99%
Tata Arbitrage Fund 1,229,500 0.8 163.821,393,5002026-02-23 02:08:27-11.77%
SBI Dividend Yield Fund 1,210,000 1.81 161.22N/AN/AN/A
UTI Multi Asset Allocation Fund 1,142,201 2.22 152.191,119,5202026-02-23 02:08:272.03%
Tata India Consumer Fund 1,125,000 5.92 149.9N/AN/AN/A
WhiteOak Capital Flexi Cap Fund 1,016,703 1.9 135.47N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 1.001.00
Basic EPS (Rs.) 33.2740.79
Diluted EPS (Rs.) 33.2740.79
Cash EPS (Rs.) 38.8946.37
Book Value[Excl.RevalReserv]/Share (Rs.) 41.5934.65
Book Value[Incl.RevalReserv]/Share (Rs.) 41.5934.65
Revenue From Operations / Share (Rs.) 209.52253.00
PBDIT / Share (Rs.) 49.8961.89
PBIT / Share (Rs.) 44.5256.32
PBT / Share (Rs.) 45.0154.85
Net Profit / Share (Rs.) 33.5240.79
NP After MI And SOA / Share (Rs.) 33.2740.79
PBDIT Margin (%) 23.8124.46
PBIT Margin (%) 21.2422.25
PBT Margin (%) 21.4821.68
Net Profit Margin (%) 15.9916.12
NP After MI And SOA Margin (%) 15.8716.12
Return on Networth / Equity (%) 79.98117.71
Return on Capital Employeed (%) 57.1782.68
Return On Assets (%) 26.3037.37
Long Term Debt / Equity (X) 0.010.01
Total Debt / Equity (X) 0.180.01
Asset Turnover Ratio (%) 1.780.00
Current Ratio (X) 0.790.88
Quick Ratio (X) 0.180.35
Inventory Turnover Ratio (X) 8.180.00
Dividend Payout Ratio (NP) (%) 76.6476.48
Dividend Payout Ratio (CP) (%) 65.9867.28
Earning Retention Ratio (%) 23.3623.52
Cash Earning Retention Ratio (%) 34.0232.72
Interest Coverage Ratio (X) 35.3741.02
Interest Coverage Ratio (Post Tax) (X) 23.4128.00
Enterprise Value (Cr.) 217703.93252190.88
EV / Net Operating Revenue (X) 10.7810.34
EV / EBITDA (X) 45.2542.26
MarketCap / Net Operating Revenue (X) 10.7410.37
Retention Ratios (%) 23.3523.51
Price / BV (X) 54.1275.71
Price / Net Operating Revenue (X) 10.7410.37
EarningsYield 0.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nestle India Ltd. is a Public Limited Listed company incorporated on 28/03/1959 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L15202DL1959PLC003786 and registration number is 003786. Currently Company is involved in the business activities of Manufacture of other dairy products. Company's Total Operating Revenue is Rs. 20201.56 Cr. and Equity Capital is Rs. 96.42 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersNo.100/101, World Trade Centre, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Mr. Suresh NarayananChairman & Managing Director
Mr. Svetlana BoldinaExecutive Director (Finance) & CFO
Mr. Satish SrinivasanExecutive Director -Technical
Mr. P R RameshInd. Non-Executive Director
Ms. Anjali BansalInd. Non-Executive Director
Mr. Alpana ParidaInd. Non-Executive Director
Mr. Suneeta ReddyInd. Non-Executive Director
Mr. Sidharth Kumar BirlaInd. Non-Executive Director

FAQ

What is the intrinsic value of Nestle India Ltd and is it undervalued?

As of 05 April 2026, Nestle India Ltd's intrinsic value is ₹396.51, which is 66.43% lower than the current market price of ₹1,181.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (83.0 %), book value (₹23.7), dividend yield (1.14 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nestle India Ltd?

Nestle India Ltd is trading at ₹1,181.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,340 and low of ₹1,074. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,27,695 Cr..

How does Nestle India Ltd's P/E ratio compare to its industry?

Nestle India Ltd has a P/E ratio of 71.6, which is below the industry average of 112.28. This is broadly in line with or below the industry average.

Is Nestle India Ltd financially healthy?

Key indicators for Nestle India Ltd: ROCE of 95.7 % indicates efficient capital utilization; ROE of 83.0 % shows strong shareholder returns. Dividend yield is 1.14 %.

Is Nestle India Ltd profitable and how is the profit trend?

Nestle India Ltd reported a net profit of ₹3,314 Cr in Mar 2025 on revenue of ₹20,202 Cr. Compared to ₹2,391 Cr in Dec 2022, the net profit shows an improving trend.

Does Nestle India Ltd pay dividends?

Nestle India Ltd has a dividend yield of 1.14 % at the current price of ₹1,181.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nestle India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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