Nestle India Ltd. (IN:NESTLEIND)
:NESTLEIND
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Nestle India Ltd.
(NESTLEIND)
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Rating:76Outperform
Price Target:
₹1,577.00
▲(19.51% Upside)
Action:ReiteratedDate:04/23/26
The score is driven primarily by strong financial performance (healthy growth, resilient profitability, and very low leverage). Technicals are supportive but look overbought, adding near-term risk. Valuation is the main drag due to a very high P/E and low yield.
Positive Factors
Conservative balance sheet
Very low leverage and a sharp improvement in debt-to-equity provide durable financial flexibility. This conservatism reduces refinancing risk, supports investment or marketing in downturns, and preserves capacity to absorb shocks — a lasting strength for a consumer staples franchise.
Negative Factors
Margin compression
Material gross and EBITDA margin declines point to structural pressure from higher input costs or constrained pricing power. If sustained, margin erosion can weaken cash generation and returns, forcing cost cuts or price-led strategies that may harm long-term brand positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a sharp improvement in debt-to-equity provide durable financial flexibility. This conservatism reduces refinancing risk, supports investment or marketing in downturns, and preserves capacity to absorb shocks — a lasting strength for a consumer staples franchise.
Read all positive factors
Nestle India Ltd. (NESTLEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.73T
Dividend Yield0.97%
Average Volume (3M)91.55K
Price to Earnings (P/E)64.7
Beta (1Y)0.73
Revenue Growth14.62%
EPS Growth9.14%
CountryIN
Employees8,736
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)5.78
Shares Outstanding1,928,314,300
10 Day Avg. Volume119,223
30 Day Avg. Volume91,548
Financial Highlights & Ratios
PEG Ratio7.08
Price to Book (P/B)43.92
Price to Sales (P/S)9.78
P/FCF Ratio53.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,525.00Price Target Upside15.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)20.38
Revenue Forecast (FY)₹261.17B
Nestle India Ltd. Business Overview & Revenue Model
Company Description
Nestlé India Limited manufactures and sells food products in India. The company provides milk products and nutrition, including dairy whitener, condensed and UHT milk, yoghurt, maternal and infant formula, baby food, and health care nutrition prod...
How the Company Makes Money
Nestlé India primarily makes money by selling branded packaged food and beverage products to customers in India. Its revenue model is centered on high-volume, repeat-purchase consumer staples sold through a wide retail network (including general t...
Nestle India Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 209.27B | 231.55B | 200.78B | 194.63B | 167.90B | 146.65B |
| Gross Profit | 106.68B | 99.48B | 111.29B | 78.87B | 88.91B | 81.80B |
| EBITDA | 47.97B | 53.06B | 49.92B | 47.13B | 38.14B | 34.50B |
| Net Income | 29.51B | 34.99B | 32.08B | 31.96B | 23.91B | 21.18B |
Balance Sheet | ||||||
| Total Assets | 120.92B | 131.82B | 121.93B | 105.23B | 91.17B | 83.68B |
| Cash, Cash Equivalents and Short-Term Investments | 3.66B | 13.41B | 956.50M | 8.19B | 11.63B | 7.99B |
| Total Debt | 4.77B | 4.44B | 11.67B | 3.45B | 2.71B | 2.66B |
| Total Liabilities | 76.58B | 80.26B | 81.83B | 71.67B | 65.20B | 62.88B |
| Stockholders Equity | 44.34B | 51.57B | 40.10B | 33.41B | 24.59B | 19.46B |
Cash Flow | ||||||
| Free Cash Flow | 19.26B | 42.32B | 9.97B | 24.58B | 22.89B | 16.25B |
| Operating Cash Flow | 23.14B | 50.62B | 30.05B | 43.40B | 28.39B | 23.60B |
| Investing Cash Flow | -3.26B | -6.58B | -18.86B | -14.04B | -4.95B | -20.45B |
| Financing Cash Flow | -17.19B | -31.59B | -18.41B | -31.33B | -21.21B | -20.19B |
Nestle India Ltd. Technical Analysis
Positive
1319.55
Price Trends
1252.52
Positive
1259.65
Positive
1226.18
Positive
Market Momentum
4.74
Negative
63.39
Neutral
96.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NESTLEIND, the sentiment is Positive. The current price of 1319.55 is above the 20-day moving average (MA) of 1212.27, above the 50-day MA of 1252.52, and above the 200-day MA of 1226.18, indicating a bullish trend. The MACD of 4.74 indicates Negative momentum. The RSI at 63.39 is Neutral, neither overbought nor oversold. The STOCH value of 96.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NESTLEIND.
Nestle India Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹2.73T | 64.73 | ― | 0.97% | 14.62% | 9.14% | |
73 Outperform | ₹1.01T | 61.38 | ― | 0.83% | 9.29% | 22.68% | |
69 Neutral | ₹1.02T | 54.57 | ― | 1.42% | 25.33% | 6.63% | |
67 Neutral | ₹1.38T | 53.41 | ― | 1.24% | 7.31% | 11.96% | |
66 Neutral | ₹802.33B | 39.88 | ― | 1.62% | 3.48% | 2.69% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.11T | 62.79 | ― | 1.67% | 7.29% | ― |
* Consumer Defensive Sector Average
IN:NESTLEIND
Nestle India Ltd.
1,439.90
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21.78%
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Nestle India Ltd. Corporate Events
Nestlé India alerts investors to SEBI’s special window for demat of physical shares
Apr 14, 2026
Nestlé India has notified shareholders holding shares in physical form about a special one-year window opened by SEBI for the transfer and dematerialisation of physical securities. The initiative, applicable to securities sold or purchased be...
Nestlé India to Add New ₹225-Crore Munch Line at Sanand Plant
Mar 19, 2026
Nestlé India has added a new production line for its Munch confectionery brand at its Sanand factory in Gujarat, expanding capacity by about 8,300 tonnes per annum in the financial year 2025-26. The company will invest roughly ₹225 cror...
Nestlé India Shareholders Approve Key Board and Executive Appointments via Postal Ballot
Mar 13, 2026
Nestlé India has announced that its shareholders have approved, via postal ballot and remote e-voting, three ordinary resolutions relating to key board and management appointments. The company confirmed that Mandeep Singh Chhatwal has been ap...
Nestlé India Schedules One-on-One Meetings With Institutional Investors
Mar 9, 2026
Nestlé India has notified the stock exchanges that it will hold a series of one-on-one meetings with institutional investors in mid to late March 2026. The interactions, scheduled in both physical and virtual formats at the company’s Gu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.