Nestle India Ltd


BSE: 500790 | NSE: NESTLEIND | ISIN: INE239A01016 
Market Cap: [Rs.Cr.] 50,623 | Face Value: [Rs.] 10
Industry: Food - Processing - MNC

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Board Meet

13-May-13 
Nestle India Ltd has informed BSE that the unaudited financial results of the Company for the first quarter ended March 31, 2013 shall be considered by the Board of Directors of the Company at their meeting proposed to be held on May 13, 2013(Q1). 
20-Feb-13 
Nestle India Ltd has informed BSE that the audited financial results of the Company for the year ended December 31, 2012, and the recommendation of final dividend for the year 2012, if any, would be considered at the Board Meeting proposed to be held on February 20, 2013. Consequently, the Company will not be publishing the un-audited financial results for the fourth quarter ended December 31, 2012. Nestle India Ltd has informed BSE that the declaration of third interim dividend for the year 2012, if any, shall he considered by the Board of Directors at the meeting proposed to be held on February 20, 2013 as an alternative to the recommendation of any final dividend for 2012. (As per BSE Announcement Dated on 14.02.2013) Nestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 20, 2013, inter alia, has declared third interim dividend for the year 2012 of Rs. 12.50 per equity share. (As per BSE Announcement Dated on 20.02.2013) Nestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 20,2013,inter alia,has appointed Mr. Aristides Protonotarios as an additional Director of the Company with effect from April 01,2013. Subject to approvals Mr.Protonotarios has also been appointed as a Whole-time Director designated as 'Director-Technical' in place of Mr.Christian Schmid,who would be relinquishing his office on March 31,2013. (As Per Bulletin Dated On 20.02.2013) 
07-Dec-12 
Nestle India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 07, 2012, to consider the declaration of Second Interim Dividend for the year 2012, if any. Nestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 07, 2012, declared second interim dividend of Rs. 18.00 (Rupees eighteen only) per equity share for the year 2012 on the entire issued, subscribed and paid up share capital of the Company of 96,415,716 equity shares of the nominal value of Rs. 10/- each. (As per BSE Announcement Dated on 07.12.2012) 
12-Nov-12 
Nestle India Ltd has informed BSE that the unaudited financial results of the Company for the third quarter ended September 30, 2012 shall be considered by the Board of Directors of the Company at their meeting proposed to be held on November 12, 2012 (Q3). 
27-Jul-12 
Nestle India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 27, 2012, inter alia, to consider the unaudited financial results of the Company for the half year and second quarter ended June 30, 2012 and declaration of Interim Dividend for the year 2012, if any. Nestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 27, 2012, inter alia, has declared interim dividend of Rs. 18/- (Rupees eighteen) per equity share for the year 2012 on the entire issued, subscribed and paid up share capital of the Company of 96,415,716 equity shares of the nominal value of Rs. 10/- each. (As Per BSE Announcement Website Dated on 27/07/2012) 

AGM

08-May-13
AGM : 08.05.2013 Nestle India Ltd has informed BSE that the 54th Annual General Meeting (AGM) of the Company will be held on May 08, 2013. (As per BSE Announcement Dated on 12.04.2013) Nestle India Ltd has informed BSE regarding the details of Voting results at the 54th Annual General Meeting (AGM) of the Company was held on May 08, 2013, under Clause 35A. Nestle India Ltd has submitted to BSE a copy of Press Release dated May 08, 2013, titled 'Nestle India Annual General Meeting - Unanimous support from shareholders for all proposals'. (As per BSE Announcement Dated on 08.05.2013) 
30-Mar-12
Nestle India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from March 23, 2012 to March 30, 2012 (both days inclusive) for the purpose of Payment of Final Dividend & 53rd Annual General Meeting (AGM) of the Company to be held on March 30, 2012. The final dividend, if approved by the shareholders at the Annual General Meeting shall be paid on and from April 10, 2012. Nestle India Ltd has informed BSE that has informed BSE that the 53rd Annual General Meeting (AGM) of the Company will be held on March 30, 2012, inter alia, to transact the following: 1. To receive, consider and adopt the Balance Sheet as at December 31, 2011 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon. 2. To declare final dividend and confirm the two interim dividends of Rs. 9.00 and Rs. 27.00 per equity share for the year ended December 31, 2011. 3. To appoint a director in place of Mr. Michael W. O. Garrett, who retires by rotation and being eligible, offers himself for re-appointment. 4. To appoint a director in place of Mr. Ravinder Narain, who retires by rotation and being eligible, offers himself for re-appointment. 5. To appoint M/s. A. F. Ferguson & Co., Chartered Accountants as statutory auditors and fix their remuneration. 6. Appointment of Mr. Ashok Kumar Mahindra, as a Director of the Company, liable to retirement by rotation. (As Per BSE Announcement Website dated on 05.03.2012) Nestle India Ltd has informed BSE that 53rd Annual General Meeting (AGM) of the Company was held on March 30, 2012. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Announcement Dated on 30.03.2012) Nestle India Ltd has informed BSE that 53rd Annual General Meeting (AGM) of the Company was held on March 30, 2012. (As Per BSE Announcement Dated on 23.04.2012) 
19-Apr-11
Fifty second Annual General Meeting of the Company on April 19, 2011. Nestle India Ltd has informed BSE that the 52nd Annual General Meeting (AGM) of the Company will be held on April 19, 2011.at 10:00 a.m. to transact the following business : 1. To receive, consider and adopt the Balance Sheet as at December 31, 2010 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon. 2. To declare final dividend and confirm the two interim dividends of Rs. 9.00 and Rs. 27.00 per equity share for the year ended December 31, 2010. 3. To appoint M/s A.F. Ferguson & Co., Chartered Accountants, New Delhi as statutory auditors and fix their remuneration. 4. To appoint Dr. Rakesh Mohan, as Directors of the Company. 5. To appoint Dr.(Mrs.) Swati A. Piramal, & Mr. Christian Schmid, as Directors of the Company and the period of his office shall be liable to determination by retirement of directors by rotation. 6. To accord its approval to the appointment of Mr. Christian Schmid as the Whole-time Director, designated as DirectorTechnical for a period of five years with effect from August 02, 2010 on the terms and conditions of appointment and remuneration and the Board of Directors be authorised to alter and vary such terms of appointment and remuneration so as to not exceed the limits specified in Schedule XIII to the Companies Act, 1956 or any statutory modifications thereof, as may be agreed to by the Board of Directors and Mr. Christian Schmid. 7. Authority to the Directors to borrow moneys (apart from temporary loans obtained from the Company?s bankers in the ordinary course of business) in excess of the paid up capital and free reserves(that is to say, reserves not set apart for any specific purpose), provided that the total amount of such borrowings together with the amounts already borrowed and outstanding at any point of time shall not be in excess of Rs. 2,500 crores (Rupees two thousand five hundred crores only). 8. To pay to the Non Executive Directors of the Company, for a period not exceeding five years, for each of the financial years of the Company commencing from January 01, 2010, Commission not exceeding 1% of the net profits of the Company, as provided under Section 309(4) of the Companies Act, 1956 (the Act), or any amendment or modification thereof, in addition to the sitting fee for attending the meetings of the Board of Directors or any Committee thereof, to be divided amongst the Non Executive Directors in such manner as the Board of Directors of the Company may from time to time determine and in default of such determination equally, provided that none of the Directors aforesaid shall receive individually a sum exceeding Rs.10,00,000/- (Rupees ten lakhs only) in a financial year, subject to necessary provisions and approvals. (As Per BSE Announcement Dated on 28.03.2011) Nestle India Ltd has informed BSE that the members at the 52nd Annual General Meeting (AGM) of the Company held on April 19, 2011, inter alia, have approved the following: 1. Approved the Balance Sheet as at December 31, 2010 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon. 2. Approved final dividend of Rs. 12.50 per equity share for the year 2010 and confirmed the two interim dividends of Rs. 9.00 and Rs. 27.00 per equity share, already paid for the year ended December 31, 2010. 3. Re-appointed M/s. A F Ferguson & Co., Chartered Accountants, as the Auditors of the Company upto the conclusion of the next Annual General Meeting of the Company. 4. Appointed Dr. Rakesh Mohan, Dr. (Mrs.) Swati A Piramal and Mr. Christian Schmid as Directors of the Company. 5. Appointed Mr. Christian Schmid as Whole-time Director of the Company designated as 'Director Technical' for a period of five years with effect from August 02, 2010 and approved the terms and conditions of appointment and remuneration. 6. Approved increase in the borrowing limits under Section 293(1)(d) of the Companies Act, 1956, in excess of the aggregate of the paid up capital and free reserves of the Company but not exceeding Rs. 2,500 Crores. 7. Approved payment of remuneration to the Non-Executive Directors of the Company for a period of five years from 2010. Further the Company has informed that Mr. Pradip Baijal has ceased to be a Director of the Company upon conclusion of the Annual General Meeting since he did not seek his re-appointment. (As Per BSE Announcement Website dated on 19.04.2011) Nestle India Ltd has submitted to BSE a copy of the proceedings of the 52nd annual general meeting of the Company held on April 19, 2011. (As Per BSE Announcement Dated on 18.05.2011) 
21-Apr-10
Fifty first Annual General Meeting of the Company on April 21, 2010. Nestle India Ltd has informed BSE that the 51st Annual General Meeting (AGM) of the members of the Company will be held on April 21, 2010, inter alia, to transact the following: 1. To receive, consider and adopt the Balance Sheet as at December 31, 2009 and the Profit and Loss Account for the year ended on that date together with the Report of the Directors and Auditors thereon. 2. To declare final dividend and confirm the two interim dividends of Rs. 9.00 and Rs. 27.00 per equity share, already paid for the year ended December 31, 2009. 3. To appoint a Director in place of Mr. Ravinder Narain, who retires by rotation and being eligible, offers himself for re-appointment. 4. To appoint M/s. A. F. Ferguson & Co., Chartered Accountants, New Delhi as statutory auditors and fix their remuneration. 5. Appointment of Mr. Antonio Helio Waszyk as the Managing Director of the Company for a period of five year effective October 22, 2009, on remuneration, terms & conditions. 6. To amend the Articles of Association of the Company by deleting the existing Article 127 and substituting with new Article 127. (As Per BSE Announcement Website dated on 29.03.2010) Nestle India Ltd has informed BSE that the members at the 51st Annual General Meeting (AGM) of the Company held on April 21, 2010, have approved the following: 1. Approved the Balance Sheet as at December 31, 2009 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon. 2. Approved final dividend of Rs. 12.50, per equity share for the year 2009 and confirmed the two interim dividends of Rs. 9.00 and Rs. 27.00 per equity share, already paid for the year ended December 31, 2009. 3. Re-appointed Mr. Ravinder Narain as a Director of the Company. 4. Re-appointed M/s. A. F. Ferguson & Co., Chartered Accountants, as the Auditors of the Company upto the conclusion of the next Annual General Meeting of the Company. 5. Appointed Mr. Antonio Helio Waszyk as Managing Director of the Company for a period of five years with effect from October 22, 2009 and approved the terms and conditions of appointment and remuneration ; and 6. Approved amendment in Article 127 of Articles of Association of the Company to confer powers to the Board of Directors to appoint additional directors. (As Per BSE Announcement Website dated on 21.04.2010) 
05-May-09
The Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from May 05, 2009 to May 06, 2009 (both days inclusive) for the purpose of payment of final dividend & 50th Annual General Meeting (AGM) of the Company to be held on May 05, 2009. Nestle India Ltd has informed BSE that the 50th Annual General Meeting (AGM) of the members of the Company will be held on May 05, 2009, inter alia, to transact the following business: 1. To receive, consider and adopt the Balance Sheet as at December 31, 2008 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and Auditors' thereon. 2. To declare final dividend for the year 2008 and confirm the two interim dividends of Rs 8.50 and Rs 14.50, per equity share, already paid for the year ended December 31, 2008. 3. To appoint a Director in place of Mr. Michael W.O. Garrett, who retires by rotation and being eligible, offers himself for re-appointment. 4. To appoint M/s. A F Ferguson & Co., Chartered Accountants, New Delhi as statutory auditors and fix their remuneration. 5. Re-appointment of Mr. Shobinder Duggal as a Whole-time Director of the Company for a period of five years effective May 10, 2009 on remuneration, terms & conditions, subject to necessary provisions and approvals. (As Per BSE Announcement Website dated on 15.04.2009) Nestle India Ltd has informed BSE that at the 50th Annual General Meeting (AGM) of the Company held on May 05, 2009, all the items of business contained in the Notice of the 50th Annual General Meeting were approved by the shareholders, who: - 1. Approved the Balance Sheet as at December 31, 2008 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors thereon. 2. Approved final dividend of Rs 12.00, per equity share for the year 2008 and confirmed the two interim dividends of Rs 8.50 and Rs 14.50 per equity share, already paid for the year ended December 31, 2008. 3. Re-appointed Mr. Michael W O Garrett as a Director of the Company. 4. Re-appointed M/s. A F Ferguson & Co., Chartered Accountants, as the Auditors of the Company upto the conclusion of the next Annual General Meeting of the Company; and 5. Re-appointed Mr. Shobinder Duggal as a Whole-time Director, designated as "Director-Finance & Control", of the Company for a further period of five years with effect from May 10, 2009. (As Per BSE Announcement Dated on 05/05/2009) Nestle India Ltd has informed BSE regarding the proceedings of the 50th Annual General Meeting (AGM) of the Company held on May 05, 2009. (As Per BSE Announcement Dated on 03/06/2009) 

EGM

03-May-07
Nestle India Ltd has informed BSE that a meeting of the Equity Shareholders of the Company will be held on May 03, 2007, for the purpose of considering and, if thought fit, approving with or without modification the proposed Scheme of Arrangement between the Company and its Shareholders and Creditors. Nestle India Ltd has informed BSE that the Equity Shareholders of the Company at its court convened meeting held on May 03, 2007, have approved the proposed Scheme of Arrangement between the Company and its Shareholders and Creditors, pursuant to the Order dated March 23, 2007 of the Hon'ble Delhi High Court in Company Application (M) No.55 of 2007. (As per BSE Announcement website dated on 05/05/2007) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Nestle India 50,623.39 47.25 28.15 26.36 69.5 45.1 0.66
GlaxoSmith C H L 20,456.51 44.35 15.03 21.28 34.9 49.1 0.00
Jubilant Food. 7,024.13 51.98 16.10 39.44 43.0 58.2 0.05
Britannia Inds. 6,870.42 34.52 13.18 22.15 34.6 25.1 0.89
Cadbury India 1,504.25 5.08 1.47 0.00 33.9 42.1 0.03
Swojas Energy 10.99 0.00 0.96 0.00 0.0 0.0 0.47

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Key Information

Key Executives:

Antonio Helio Waszyk , Chairman & Managing Director  

Shobinder Duggal , Director (Finance & Control)  

Christian Schmid , Director (Technical)  

Michael W O Garrent , Director  


Company Head Office / Quarters:
M-5A,
Connaught Circus,
New Delhi,
New Delhi-110001
Phone : 91-11-23418891
Fax : 91-11-23415130
E-mail : investor@in.nestle.com
Web : http://www.nestle.in
Registrars:
Alankit Assignments Ltd
2E/21 Alankit House
Anarkali Market
Jhandewalan Extn
New Delhi - 110055

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