Nestle India Limited (NESTLEIND) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Nestle India Limited stock ₹725, price ₹1,175, upside -38.3%, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range ₹798.33 – ₹1,540 · fair‑value band ₹502.18 – ₹903.58 · the ₹1,175 price screens above the ₹724.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Nestlé India Limited engages in the manufacture and sale of food products in India and internationally.
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The company provides milk products and nutrition, including dairy whitener, condensed milk, UHT milk, yogurt, maternal and infant formula, baby foods, health care nutrition; prepared dishes and cooking aids, such as noodles, sauces, seasonings, pasta, cereals, and pet foods; powdered and liquid beverages comprising instant coffee and tea, as well as ready to drink beverages; and confectionery products consisting of bar countlines, tablets, and sugar confectionery products.
The company was incorporated in 1959 and is headquartered in Gurugram, India.
Stock analysis
Nestle India Limited (NESTLEIND) currently trades at ₹1,175, while our model-based Fair Value estimate is ₹724.74, 38.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹406.31 per share, and 0 of the 26 models we run sit above the ₹1,175 price.
Bear case: the Economic Profit group reads lowest at ₹110.13, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹502.18 (bear) to ₹903.58 (bull), the price of ₹1,175 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 72/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nestle India Limited reported revenue of ₹232B in FY2025 versus ₹147B in FY2021, a compound +12.1%/yr. Reported net income was ₹35.0B in FY2025, compounding +13.4%/yr from FY2021.
Key figures
Market cap ₹2.3T (≈ $23.9B) Large · P/E ratio 55.6 · P/S ratio 8.99 · EPS (TTM) ₹21.15 · Dividend yield 1.2% · Net margin 16.0% · Return on equity 79.9% · Return on assets (EBIT) 37.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −38%, NESTLEIND screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹16.52 to ₹528.73). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹502.18Fair Value ₹724.74Bull₹903.58
Price ₹1,175 · Upside -38.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (₹5.80 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.7%
Start year 2020 (pandemic). Over 10 years: +11.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.6%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.6% vs 13.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 20%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +25.1% a year for the price and +4.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 615 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−39.1% · Bottom 25%
Profitability
Return on equity (12 months)79.9% · Top 25%
Return on assets26.5% · Top 25%
Net margin (12 months)16.0% · Top 25%
Operating margin (12 months)21.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)20.3% · Top 25%
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)55.6× · Priciest 25%
P/B44.51× · Priciest 25%
P/S (12 months)8.99× · Priciest 25%
Price / free cash flow54.2× · Priciest 25%
EV/EBITDA38.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)100· sector 23
PAST (return on equity)100· sector 31
HEALTH (low debt)100· sector 96
DIVIDEND (yield)24· sector 58
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nestle India Limited Fair Value". https://www.fairvalue-calculator.com/stock/NESTLEIND
Frequently asked questions
Is Nestle India Limited (NESTLEIND) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of ₹724.74 versus a price of ₹1,175, about −38% upside (overvalued).
What is the fair value of NESTLEIND?
Our model-based fair value for Nestle India Limited is ₹724.74 (as of Oct 22, 2026), built from audited fundamentals. The current price: ₹1,175.
What is the quality score of NESTLEIND?
Nestle India Limited has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nestle India Limited (NESTLEIND)?
Our model-based price target is the fair value of ₹724.74 (as of Oct 22, 2026) from 26 valuation models. Cautious scenario ₹502.18, optimistic scenario ₹903.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Nestle India Limited stock forecast for 2026?
Our models put fair value at ₹724.74, about −38% upside versus a price of ₹1,175 (overvalued). Cautious scenario ₹502.18, optimistic scenario ₹903.58. The calculation is refreshed regularly with new filings.
What is the revenue of Nestle India Limited (NESTLEIND)?
Nestle India Limited reported trailing-twelve-month revenue of about ₹255B (latest available figure, as of Oct 22, 2026).
Does Nestle India Limited pay a dividend?
Nestle India Limited currently shows a dividend yield of 1.19% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Nestle India Limited (NESTLEIND)?
For today's price to be fair in a discounted-cash-flow model, Nestle India Limited would have to grow free cash flow by +30.2 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.7 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of NESTLEIND use?
Our models discount Nestle India Limited at 10.4 %: a base by market capitalisation (large), damped by beta 0.43, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nestle India Limited that is +30.2 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Nestle India Limited (NESTLEIND) delivered so far?
Over the past 5 years revenue at Nestle India Limited grew +11.7 % a year. The price currently implies +30.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nestle India Limited (NESTLEIND) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Nestle India Limited (+30.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nestle India Limited (NESTLEIND)?
The free-cash-flow yield on the price is 1.87 %: that much free cash flow Nestle India Limited produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nestle India Limited (NESTLEIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nestle India Limited it is ₹724.74 per share (as of Oct 22, 2026), against a price of ₹1,175. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Nestle India Limited stock overvalued or undervalued in 2026?
As of Oct 22, 2026, NESTLEIND trades above its calculated fair value: price ₹1,175, fair value ₹724.74, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NESTLEIND?
No. The price is what the market pays today (₹1,175); the fair value is what the company's own numbers justify (₹724.74). For Nestle India Limited the two are ₹450.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nestle India Limited worth?
The market values Nestle India Limited at about ₹2.3T (market capitalisation, as of Oct 22, 2026). Per share that is ₹1,175; our models calculate a fair value of ₹724.74 per share.
What do the bullish and bearish scenarios say about NESTLEIND?
Our models span a range for Nestle India Limited: cautious scenario ₹502.18, base ₹724.74, optimistic ₹903.58 per share (as of Oct 22, 2026, price ₹1,175). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NESTLEIND?
Nestle India Limited trades at a price-to-earnings ratio of 55.6 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹724.74 is built from several models across several years. Other multiples: P/B 44.5, P/S 9.0, EV/EBITDA 38.2.
How solid is the balance sheet of Nestle India Limited (NESTLEIND)?
Balance-sheet figures for Nestle India Limited (as of Oct 22, 2026): return on equity 79.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is NESTLEIND from its 52-week high?
Nestle India Limited trades at ₹1,175, about 24% below its 52-week high of ₹1,540 and 1% above the low of ₹1,162 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹724.74 is for.
Which stocks are comparable to Nestle India Limited?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nestle India Limited stock attractive at the current price?
The data as of Oct 22, 2026: price ₹1,175, calculated fair value ₹724.74 (−38%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NESTLEIND calculated?
We run Nestle India Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹724.74, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Nestle India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nestle India Limited (NESTLEIND)?
The closing price on Oct 23, 2026 was ₹1,175. Our model-based fair value is ₹724.74, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nestle India Limited right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹903.58). The favourable scenario is already priced in.
Where does the earnings growth of Nestle India Limited (NESTLEIND) come from?
Earnings per share at Nestle India Limited grew +15.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.8 %, EBIT margin +2.1 %, tax rate +1.4 %, residual (interest, one-offs) +1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Nestle India Limited
How large is the market capitalisation of Nestle India Limited (NESTLEIND)?
The market capitalisation of Nestle India Limited is ₹2.3T (≈ $23.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nestle India Limited (NESTLEIND)?
The price-to-sales ratio of Nestle India Limited is 8.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nestle India Limited (NESTLEIND)?
Earnings per share at Nestle India Limited are ₹21.15 (price ÷ EPS = P/E 55.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nestle India Limited (NESTLEIND)?
The dividend yield of Nestle India Limited is 1.2% (payout 66.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Nestle India Limited (NESTLEIND)?
The net margin of Nestle India Limited is 16.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nestle India Limited (NESTLEIND)?
The return on equity (ROE) of Nestle India Limited is 79.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nestle India Limited (NESTLEIND)?
On an EBIT basis the return on assets of Nestle India Limited is 37.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nestle India Limited (NESTLEIND)?
The operating margin of Nestle India Limited is 21.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nestle India Limited (NESTLEIND)?
Revenue at Nestle India Limited is growing +20.3% versus a year earlier (3y avg +11.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nestle India Limited (NESTLEIND)?
Earnings per share at Nestle India Limited are growing +35.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nestle India Limited (NESTLEIND) hold?
Nestle India Limited holds more cash than debt, ₹9.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 22, 2026