Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 173765.71 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 3506.17 Crore, down -3.69 % from last quarter Total Income of Rs 3640.47 Crore and up 13.53 % from last year same quarter Total Income of Rs 3088.41 Crore. Company reported net profit after tax of Rs 538.58 Crore in latest quarter.
Investment Rationale
Valuations at 65.2x/56.2x CY22E/CY23E EPS are expensive and offer limited upside from a one-year perspective. The brokerage values the company at 60x Sep’23E EPS to arrive at the TP of INR18,600.
Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of June 30, 2021, while FIIs held 12.4 per cent, DIIs 7.9 per cent and public and others 16.9 per cent.
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