MarketFriction

Nestle India Ltd

NSE NESTLEIND · BSE 500790 · Packaged Foods
₹1,307.70 -0.18%
NSE close2026-10-01
52 week range1,145.00 - 1,553.00
Market cap₹2,59,493 Cr.
P/E69.1
Results 15-10 Nifty 50Nifty 100Nifty 200Nifty 500Nifty FMCGNifty MNCNifty India Consumption No price band Delivery 64.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5,0374,6005,2684,8145,1044,7805,5045,0965,6445,6676,7486,378
Expenses3,8123,5053,9183,7003,9363,6774,1163,9964,4074,4664,9764,840
Operating Profit1,2251,0951,3501,1141,1681,1031,3881,1001,2371,2011,7721,538
OPM %24%24%26%23%23%23%25%22%22%21%26%24%
Other Income140-7737392984942170-1816
Interest312326323235384746283742
Depreciation111109110113122150155157163174205188
Profit before tax1,2228861,2511,0091,3129221,2059001,0291,1681,5131,324
Tax %26%26%25%26%25%25%26%27%27%13%26%26%
Net Profit9086569347479866968856597531,0181,114975
EPS in Rs4.713.404.843.875.123.614.593.423.915.285.785.06
Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024 15mMar 2025Mar 2026TTM
Sales9,14110,01011,29212,36913,35014,74116,89719,12624,39420,20223,15524,437
Expenses7,2927,9138,6759,44310,14911,17813,19114,65518,55115,43017,84818,689
Operating Profit1,8502,0972,6182,9263,2023,5623,7064,4715,8434,7715,3075,747
OPM %20%21%23%24%24%24%22%23%24%24%23%24%
Other Income140177259247146-112107116159352160170
Interest9192112129164202155119145136158154
Depreciation354342336370370391403429568540699730
Profit before tax1,5451,8392,4292,6732,8132,8573,2564,0385,2894,4474,6105,034
Tax %35%33%34%26%26%26%27%26%26%25%23%
Net Profit1,0011,2251,6071,9682,0822,1182,3912,9993,9333,3143,5453,860
EPS in Rs5.196.358.3310.2110.8010.9912.4015.5520.4017.1918.3820.03
Dividend Payout %61%68%69%168%93%91%89%56%79%79%65%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%12%11%19%
Compounded Profit Growth15%11%13%25%
Stock Price CAGR15%7%6%17%
Return on Equity76%98%92%73%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Equity Capital9696969696969696969696193
Reserves2,7213,1863,3243,5771,8221,9231,8502,3632,3633,2444,0215,116
Borrowings183335351891472662712713451,167444
Other Liabilities3,2513,4953,9074,3795,0655,7336,0216,2496,2496,8387,0407,604
Total Liabilities6,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32413,357
Fixed Assets2,8982,7302,6162,4012,3412,1792,9953,0443,0443,4605,4746,290
CWIP231188941051436392463583581,7421,173507
Investments1,3251,7561,9792,6581,7511,464774778778464706706
Other Assets1,6332,1362,6732,9242,9373,6184,2194,7994,7994,8574,9725,854
Total Assets6,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32413,357
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,0981,4661,8182,0522,2952,4542,2362,7373,3924,1752,9355,048
Cash from Investing Activity-70-126-131-5283-321-1,920-392-927-1,237-1,811-624
Cash from Financing Activity-498-666-997-1,317-3,602-1,956-2,020-2,123-2,436-3,135-1,846-3,179
Net Cash Flow529674691683-1,223177-1,70422329-198-7231,244
Free Cash Flow9491,3531,6221,8902,1431,9801,5052,1972,0282,2969304,221
CFO/OP93%106%116%112%101%99%83%97%100%94%82%115%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Debtor Days443445444475
Inventory Days10310791921071071111108383139105
Days Payable94919911812411512212192112128129
Cash Conversion Cycle1220-5-22-14-3-7-7-5-2418-19
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.76%62.76%62.76%62.76%62.76%62.76%62.76%62.76%62.76%62.76%62.76%62.76%
FIIs12.10%12.09%12.10%11.94%11.94%10.27%10.02%10.28%9.82%9.81%9.74%10.30%
DIIs9.32%9.16%9.00%9.17%9.45%10.80%11.30%11.18%11.75%12.10%12.40%11.89%
Public15.81%15.98%16.14%16.10%15.86%16.17%15.90%15.76%15.63%15.31%15.09%15.04%
No. of Shareholders1,84,0902,13,9774,10,1444,37,8804,27,9645,47,8505,38,1655,19,4395,46,8185,06,6734,92,1244,79,696

Fundamentals

Market Cap₹ 2,59,493 Cr.
Current Price₹ 1,346
Stock P/E69.1
Book Value₹ 27.5
ROCE84.1 %
ROE73.2 %
Dividend Yield0.89 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)25%
Standalone figures.
Valuation
Market capRs 252,166 Cr
Enterprise valueRs 251,269 Cr
P/E (TTM)65.32x
Price to book47.50x
Price to sales10.32x
EV / EBITDA42.46x
EV / EBIT48.44x
EV / sales10.28x
Price to cash flow49.96x
Earnings yield1.53%
Dividend yield0.92%
P/E, 3-year average42.93x
P/B, 3-year average35.62x
P/E, 5-year average33.19x
P/B, 5-year average27.68x
Profitability
Operating margin (excl. other income)22.92%
Operating margin (incl. other income)23.61%
EBITDA margin24.21%
Pre-tax margin20.60%
Net profit margin15.80%
Net margin, latest quarter15.29%
ROE75.21%
ROCE86.40%
ROA27.60%
ROE, 3-year average99.90%
ROCE, 3-year average119.34%
ROA, 3-year average32.32%
ROE, 5-year average106.03%
ROCE, 5-year average129.67%
ROA, 5-year average31.63%
ROIC (approx.)90.39%
Tax rate23.10%
Other income / net worth3.02%
Growth
Sales growth (latest year)14.62%
Profit growth (latest year)6.94%
Sales CAGR, 3 years6.58%
Sales CAGR, 5 years9.45%
Profit CAGR, 3 years5.73%
Profit CAGR, 5 years10.84%
Sales growth QoQ-5.48%
Profit growth QoQ-12.48%
Sales growth YoY (latest quarter)25.16%
Profit growth YoY (latest quarter)47.92%
Per share
EPS (TTM)Rs 20.02
EPS (latest year)Rs 18.38
EPS (latest quarter)Rs 5.06
EPS, 3-year averageRs 31.18
EPS, 5-year averageRs 85.37
Book value per shareRs 27.53
Sales per shareRs 126.73
Cash flow per shareRs 26.18
Free cash flow per shareRs 21.89
Dividend per share (latest year)Rs 12.00
Dividend per share, 3-year averageRs 23.73
Dividend per share, 5-year averageRs 72.80
Dividends
Dividend payout65.28%
Dividend payout, 3-year average74.26%
Dividend payout, 5-year average73.49%
Efficiency
Asset turnover1.73x
Fixed asset turnover3.68x
Inventory turnover4.42x
Inventory days83 days
Debtor days5 days
Debtors turnover70.28x
Creditor days129 days
Cash conversion cycle-19 days
Working capital days-24 days
Leverage
Total debtRs 444 Cr
Cash and bankRs 1,341 Cr
Net debtRs -897 Cr
Debt to equity0.08x
Net debt / EBITDA-0.15x
Interest coverage33.77x
Current ratio (filing 2026-03-31)0.96x
Quick ratio (filing 2026-03-31)0.42x
Trade payables (filing 2026-03-31)Rs 2,967 Cr
Owners' fund to total sources39.75%
Debt to assets3.33%
Cash flow
Cash from Operating Activity (latest year)Rs 5,048 Cr
Cash from Investing Activity (latest year)Rs -624 Cr
Cash from Financing Activity (latest year)Rs -3,179 Cr
Net Cash Flow (latest year)Rs 1,244 Cr
Free cash flow (latest year)Rs 4,221 Cr
FCFE (approx.: FCF + change in debt)Rs 3,498 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow4.59x
Statement figures
Net sales (TTM)Rs 24,437 Cr
Net sales (latest year)Rs 23,155 Cr
Sales (latest quarter)Rs 6,378 Cr
Operating profit excl. other income (latest year)Rs 5,307 Cr
Operating profit (latest quarter)Rs 1,538 Cr
Other income (TTM)Rs 170 Cr
EBITDA (TTM)Rs 5,917 Cr
PBDT (TTM)Rs 5,764 Cr
Profit before tax (TTM)Rs 5,034 Cr
Tax (latest year)Rs 1,065 Cr
Net profit (TTM)Rs 3,860 Cr
Net profit (latest year)Rs 3,545 Cr
Net profit (latest quarter)Rs 975 Cr
Depreciation (TTM)Rs 730 Cr
Depreciation (latest quarter)Rs 188 Cr
Interest (TTM)Rs 154 Cr
Cost of goods sold (latest year)Rs 11,349 Cr
Total expenditure (latest year)Rs 17,848 Cr
Total income (latest year)Rs 23,315 Cr
Share capitalRs 193 Cr
ReservesRs 5,116 Cr
Shareholders' fundsRs 5,309 Cr
Total assetsRs 13,357 Cr
Net blockRs 6,290 Cr
Capital work in progressRs 507 Cr
InvestmentsRs 706 Cr
ReceivablesRs 329 Cr
InventoryRs 2,569 Cr
Other liabilitiesRs 7,604 Cr
Shares outstanding (crore)192.83
Ownership
Promoter holding62.76% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 65.3 is at the 10th percentile of its own 8.7-year range (median 81.7, low 53.2, high 107.2).
P/B 47.50 is at the 23th percentile (median 73.64).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNESTLEINDNifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-9.1%-6.8% -2.3 pts
3 months-10.4%-7.6% -2.8 pts
6 months+11.3%+0.4% +10.9 pts
1 year+11.4%-9.9% +21.4 pts
2 years-4.0%-13.6% +9.5 pts
3 years+16.2%+14.2% +2.0 pts
5 years+33.8%+27.9% +5.9 pts
257 mutual fund schemes hold about ₹6,961 Cr. Over three months 212 bought more and 38 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
WOC Flexi Cap Fund3.81%348 +38%
UTI Nifty 50 Index Fund0.97%287 +18%
ICICI Pru Multi Asset Allocation Fund0.30%263 -10%
UTI Flexi Cap Fund1.08%261 +12%
HDFC Nifty 50 Index Fund0.97%236 +18%
UTI Multi Asset Allocation Fund2.73%193 +15%
Kotak Arbitrage Fund(M0.24%183 -36%
SBI Dividend Yield Fund2.12%181 +18%
Tata India Consumer Fund5.90%171 +11%
ICICI Pru Nifty 50 Index Fund0.97%169 +18%
ICICI Pru Nifty 50 Index Fund0.97%168 +18%
SBI Quant Fund5.64%165 +12%
UTI MNC Fund5.79%162 +16%
SBI Quality Fund5.71%152 +7%
SBI Nifty Index Fund0.97%136 +18%
ICICI Pru Equity Savings Fund(Q0.82%133 +15%
Aditya Birla SL MNC Fund3.72%122 +17%
ICICI Pru FMCG Fund6.27%102 -14%
Aditya Birla SL Consumption Fund1.62%99 +17%
ICICI Pru FMCG Fund6.27%98 -14%
WOC Multi Cap Fund2.36%98 +27%
WOC Multi Asset Allocation Fund1.08%95 +21%
ICICI Pru MNC Fund4.93%89 +15%
Aditya Birla SL Quant Fund4.29%87 +100%
WOC Large & Mid Cap Fund3.44%87 +30%

Red flags

F-score 6 of 8
lookRegulator order or action Regulator order or action 2026-09-09: Nestle India Limited has informed the Exchange about Intimation regarding receipt of an Order-in-Appeal from GST Department, Tamil Nadu for
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹6,378 Cr +25.2% vs Jun 2025. Net profit ₹975 Cr +48.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Special Dividend - Rs 2 Per Share
2026-07-10Dividend - Rs 5 Per Share
2026-02-06Interim Dividend - Rs 7 Per Share
2025-08-08Bonus 1:10.5000
2025-07-04Dividend - Rs 10 Per Share
2025-02-07Interim Dividend - Rs 14.25 Per Share
2024-07-16Interim Dividend - Rs 2.75 Per Share
2024-07-16Dividend - Rs 8.50 Per Share
2024-02-15Interim Dividend - Rs 7 Per Share
2024-01-05Face Value Split (Sub-Division) - From Rs10/- Per Share To Re 1/- Per Share0.1000
2023-11-01Interim Dividend - Rs 140 Per Share
2023-04-21Interim Dividend - Rs 27 Per Share
2023-04-21Final Dividend - Rs 75 Per Share
2022-10-31Interim Dividend - Rs 120 Per Share
2022-04-21Interim Dividend - Rs 25 Per Sh/Dividend - Rs 65 Per Share
2021-10-26 Interim Dividend - Rs 110 Per Share
2021-04-29 Interim Dividend - Rs 25 Per Share
2021-04-29 Annual General Meeting/Dividend - Rs 65 Per Share
2020-10-29 Interim Dividned - Rs 135 Per Share
2020-06-11 Annual General Meeting/Dividend - Rs 61 Per Share
2019-12-10 Interim Dividend - Rs 55 Per Share
2019-08-09 Interim Dividend - Rs 23 Per Share/ Special Dividend - Rs180 Per Share
2019-05-06 Interim Dividend - Rs 23 Per Share
2019-04-30 Annual General Meeting/ Dividend - Rs 25 Per Share
2018-12-12 Interim Dividend - Rs 50 Per Share
2018-08-10 Interim Dividend Rs 20 Per Share
2018-05-16 Annual General Meeting/ Final Dividend - Rs 23 Per Share/ Interim Dividend - Rs 20 Per Share (Purpose Revised)
2017-12-11 Interim Dividend - Rs 33/- Per Share (Purpose Revised)
2017-08-02 Interim Dividend Rs 15/- Per Share
2017-05-19 Annual General Meeting/Dividend - Rs 23/- Per Share/Interim Dividend -Rs 15/- Per Share
2016-12-09 Interim Dividend Rs 16/- Per Share (Purpose Revised)
2016-08-05 Interim Dividend - Re 12/- Per Share(Purpose Revised)
2016-05-18 Annual General Meeting/Final Dividend- Rs 18.50/- Per Share + Interim Dividend -Rs 12/- Per Share (Purpose Revised)
2015-12-11 Interim Dividend-Rs 16/- Per Share
2015-05-19Annual General Meeting/Final Dividend - Rs 12.50/- Per Share / Interim Dividend - Rs 14/- Per Share (Purpose Revised)
2014-12-08Third Interim Dividend - Rs 8/- Per Share (Purpose Revised)
2014-09-152nd Interim Dividend Rs.30/- Per Share (Purpose Revised)
2014-05-15Annual General Meeting / Final Dividend - Rs 12.50/- Per Share
2013-11-012nd Interim Dividend Rs.18/- Per Share (Purpose Revised)
2013-04-29Annual General Meeting
2013-02-25Interim Dividend Rs 12.50 Per Share
2012-12-122nd Interim Dividend Rs.18/- Per Share (Purpose Revised)
2012-08-01Interim Dividend Rs 18 Per Share (Purpose Revised)
2012-03-21Annual General Meeting And Dividend - Rs.12.50/- Per Share
2011-12-122nd Interim Dividend Rs.27/- Per Share (Purpose Revised)
2011-04-21Final Dividend Rs.12.50/- Per Share And Interim Dividend Rs.9/- Per Share(Purpose Revised)
2010-11-032nd Interim Dividend - Rs 27/- Per Share (Purpose Revised)
2010-04-23Div-Fin Rs.12.5+Int Rs.9 Purpose Revised
DateTypeWhat it says
2026-09-21General UpdatesUpdate on participation in the investor conference held on 21st September 2026
2026-09-18News clarificationThe Exchange has sought clarification from Nestle India Limited with respect to recent news item captioned FSSAI initiates legal action against Nestle...
2026-09-18News clarificationThe Exchange has sought clarification from Nestle India Limited with respect to recent news item captioned FSSAI initiates legal action against Nestle...
2026-09-15General UpdatesIntimation of participation in investor conference scheduled for 21st September 2026
2026-09-09Regulatory actionIntimation regarding receipt of an Order-in-Appeal from GST Department, Tamil Nadu for the tax period 2017-2020
2026-08-31General UpdatesUpdate on a one-on-one meet with an institutional investor held on 31st August 2026
2026-08-27AcquisitionExecution of Share Subscription and Shareholders Agreement on 27th August 2026
2026-08-26Regulatory actionIntimation regarding receipt of an Order from the Office of the Principal Commissioner of Customs, Mundra Port, Kutch, Gujarat 370 421
2026-08-26Regulatory actionIntimation regarding receipt of an Order from the Office of the Principal Commissioner of Customs Air Cargo Complex (Import), New Customs House, Near ...
2026-08-24General UpdatesIntimation of a one-on-one meet with an institutional investor schedule for 31st August 2026
2026-08-12UpdatesNewspaper advertisement Public Notice regarding intimation to the shareholders aboutopening of another Special Window by SEBI for Transfer and Demat...
2026-08-07Concall / analyst meetTranscript of analyst and institutional investors meet (virtual) held on 4th August 2026
2026-08-04Concall / analyst meetUpdate on analyst/ institutional investors meet (virtual) convened on 04.08.2026
2026-08-04Investor PresentationInvestor Presentation
2026-07-30Shareholder meetingWith copy of detailed proceedings of the 67th Annual General Meeting ( 67th AGM ) of the Company held on Friday, 3rd July 2026
2026-07-24UpdatesNewspaper advertisement Public Notice regarding loss of share certificate(s).
2026-07-23Concall / analyst meetThe Intimation of an analyst/ institutional investors meet (virtual) schedule for 4th August 2026 at 2PM (IST)
2026-07-22Press ReleaseA press release dated July 22, 2026, titled "Nestlé India delivered robust 25.4% sales growth led by strong volume growth - All four product groups re...
2026-07-22Board meeting outcomeNestle India Limited has submitted to the Exchange, the Unaudited Financial Results (standalone and consolidated) for the first quarter ended 30th Jun...
2026-07-15Regulatory actionIntimation regarding receipt of an Order from Superintendent of Taxes Charge-IV, Agartala Kar Bhavan, Palace Compound, West Tripura District, Tripura
2026-07-03Shareholder meetingVoting results.
2026-07-03Shareholder meetingProceedings of 67th Annual General Meeting convened on 3rd July 2026 through video conferencing/ other audio-visual means ( VC/ OAVM ) facility
2026-07-03Record DateRecord date for the purpose of Dividend is 10-Jul-2026.
2026-07-03DividendBoard of Directors at its meeting held on July 03, 2026, declared Special Dividend 2026 of Rs. 2 per equity share, to be paid out of the retained earn...
2026-06-19Record DateRecord Date for determining entitlement of the members to the final dividend for the financial year 2025-26 and special dividend 2026, if any, is 10-J...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.97
Max pain (expiry 2026-10-27)1,350
Largest call open interest at1,400
Largest put open interest at1,200
Implied volatility, at the money24.3%
Underlying at snapshot1,307.70
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,413
2026-09-291,249
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-09-27CESTATNESTLE INDIA LTD ---VS.--- LTU DELHI
2019-09-27CESTATNESTLE INDIA LTD. ---VS.--- LTU DELHI
2019-07-10CESTATNESTLE INDIA LTD ---VS.--- LTU DELHI
2019-07-10CESTATNESTLE INDIA LTD. ---VS.--- LTU DELHI
2019-05-01CESTATNESTLE INDIA LTD ---VS.--- LTU DELHI
2019-05-01CESTATNESTLE INDIA LTD. ---VS.--- LTU DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03