Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 166337.36 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 3463.18 Crore, down -3.16 % from last quarter Total Income of Rs 3576.17 Crore and up 8.43 % from last year same quarter Total Income of Rs 3193.99 Crore. Company reported net profit after tax of Rs 483.31 Crore in latest quarter.
Investment Rationale
Valuations at 59x CY22E EPS are expensive and offer limited upside from a oneyear perspective. The brokerage values the company at 60x Mar’23E EPS to arrive at the TP of INR18,300.
Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.8 per cent, DIIs 7.8 per cent and public and others 16.7 per cent.
