Nestle India Ltd. benchmarking: Perfomance to industry peers

Financial

	Nestle	Varun Beverages	Britannia Inds
Operational Metrics
FMCG
Realization / Tonne - Dairy Products	608848.62 Rs/MT	n/a	n/a
Realization / Tonne - Beverages	1044039.18 Rs/MT	n/a	n/a
Realization / Tonne - Bakery Products	479723.06 Rs/MT	n/a	n/a
Financials
5 yr Average ROE	98.31 %	20.19 %	56.43 %
5yr average Equity Multiplier	3.28	2.12	2.42
5yr Average Asset Turnover Ratio	1.96	0.95	1.84
5yr Avg Net Profit Margin	15.38 %	10.03 %	12.82 %
Price to Book	53.98	8.8	37.58
P/E	81.11	54.41	60.55
5yr Avg Cash Conversion Cycle	-63.4 Days	5.31 Days	-26.59 Days
Inventory Days	36.71 Days	44.64 Days	26.02 Days
Days Receivable	5.77 Days	10.36 Days	8.16 Days
Days Payable	102.05 Days	50.39 Days	56.29 Days
5yr Average Interest Coverage Ratio	30.72	7.5	19.77
5yr Avg ROCE	65.98 %	21.64 %	60.68 %
5yr Avg Operating Profit Margin	23.17 %	21.1 %	17.69 %
5 yr average Debt to Equity	0.07	0.67	0.64
5yr CAGR Net Profit	6.06 %	51.14 %	3.17 %
5yr Average Return on Assets	30.13 %	9.76 %	23.43 %
Shareholdings
Promoter Holding	62.76 %	59.44 %	50.55 %
Share Pledged by Promoters	0.0	0.04 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-4.46 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.02 %	3.62 %	3.91 %

	Nestle	Varun Beverages	Britannia Inds
Product Wise Break-Up	Product Wise Break-Up Milk Products 38.14 Prepared Dishes & Cooking Aids 30.88 Confectionery 16.6 Powdered & Liquid Beverages 14.38 Non-Carbonated Beverages 0 Fruit Pulp/Juice-Based Drinks- 0 Packaged Drinking Water 0 Carbonated Soft Drinks 0 Bakery Products 0 Dairy Products 0 Biscuits 0	Product Wise Break-Up Milk Products 0 Bakery Products 0 Powdered & Liquid Beverages 0 Fruit Pulp/Juice-Based Drinks- 0 Biscuits 0 Packaged Drinking Water 22.0 Prepared Dishes & Cooking Aids 0 Non-Carbonated Beverages 4.0 Confectionery 0 Dairy Products 0 Carbonated Soft Drinks 74.0	Product Wise Break-Up Milk Products 0 Bakery Products 18.0 Powdered & Liquid Beverages 0 Fruit Pulp/Juice-Based Drinks- 0 Biscuits 80.0 Packaged Drinking Water 0 Prepared Dishes & Cooking Aids 0 Non-Carbonated Beverages 0 Confectionery 0 Dairy 2.0 Carbonated Soft Drinks 0
Location Wise Break-Up	Location Wise Break-Up India 95.88 Rest of the World 3.88 Zambia 0 Morocco 0 Sri Lanka 0 Nepal 0 Others 0.24	Location Wise Break-Up India 68.36 Morocco 0 Zambia 0 Sri Lanka 0 Rest of the World 31.64 Nepal 0	Location Wise Break-Up India 93.69 Morocco 0 Zambia 0 Sri Lanka 0 Rest of the World 6.31 Nepal 0
Asset Break-Up	Asset Break-Up Others 100	-	-