NESCO Ltd
NESCO is engaged in the businesses of Licencing premises in IT park buildings and providing related services, licencing premises for exhibitions and providing services to the organisers, manufacturing of machines and capital equipment, and providing hospitality and catering services.(Source : 202003 Annual Report Page No:74)
- Market Cap ₹ 7,181 Cr.
- Current Price ₹ 1,019
- High / Low ₹ 1,434 / 996
- Stock P/E 17.2
- Book Value ₹ 425
- Dividend Yield 0.68 %
- ROCE 18.5 %
- ROE 14.8 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- Dividend payout has been low at 11.9% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE Services BSE 1000 Nifty Smallcap 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 195 | 263 | 311 | 321 | 361 | 432 | 291 | 337 | 546 | 678 | 732 | 932 | 951 | |
| 56 | 75 | 97 | 103 | 128 | 154 | 105 | 117 | 179 | 252 | 294 | 442 | 468 | |
| Operating Profit | 138 | 189 | 215 | 218 | 233 | 278 | 186 | 220 | 367 | 426 | 438 | 490 | 482 |
| OPM % | 71% | 72% | 69% | 68% | 64% | 64% | 64% | 65% | 67% | 63% | 60% | 53% | 51% |
| 28 | 33 | 43 | 36 | 32 | 43 | 65 | 44 | 45 | 105 | 114 | 100 | 115 | |
| Interest | 0 | 4 | 5 | 6 | 5 | 6 | 8 | 9 | 12 | 14 | 12 | 25 | 29 |
| Depreciation | 7 | 7 | 8 | 11 | 12 | 22 | 26 | 28 | 33 | 54 | 50 | 49 | 50 |
| Profit before tax | 160 | 211 | 244 | 238 | 248 | 292 | 216 | 226 | 367 | 463 | 489 | 516 | 519 |
| Tax % | 30% | 32% | 30% | 25% | 27% | 20% | 20% | 16% | 21% | 22% | 23% | 20% | |
| 112 | 144 | 170 | 179 | 180 | 234 | 172 | 189 | 291 | 363 | 375 | 413 | 417 | |
| EPS in Rs | 15.82 | 20.45 | 24.11 | 25.36 | 25.61 | 33.19 | 24.48 | 26.85 | 41.25 | 51.49 | 53.25 | 58.58 | 59.13 |
| Dividend Payout % | 8% | 8% | 9% | 9% | 10% | 9% | 12% | 11% | 11% | 12% | 12% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 26% |
| 3 Years: | 20% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 19% |
| 3 Years: | 11% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 15% |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 525 | 667 | 837 | 997 | 1,156 | 1,343 | 1,515 | 1,684 | 1,950 | 2,282 | 2,615 | 2,982 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 272 | |
| 137 | 159 | 182 | 172 | 178 | 252 | 293 | 273 | 298 | 354 | 385 | 421 | |
| Total Liabilities | 676 | 841 | 1,033 | 1,183 | 1,349 | 1,610 | 1,822 | 1,972 | 2,263 | 2,650 | 3,016 | 3,689 |
| 159 | 165 | 188 | 229 | 213 | 776 | 759 | 846 | 804 | 757 | 916 | 1,175 | |
| CWIP | 100 | 143 | 262 | 357 | 509 | 2 | 51 | 82 | 86 | 162 | 753 | 763 |
| Investments | 384 | 442 | 482 | 499 | 531 | 672 | 810 | 846 | 1,161 | 1,494 | 1,135 | 1,520 |
| 33 | 90 | 101 | 99 | 96 | 160 | 202 | 197 | 212 | 237 | 211 | 231 | |
| Total Assets | 676 | 841 | 1,033 | 1,183 | 1,349 | 1,610 | 1,822 | 1,972 | 2,263 | 2,650 | 3,016 | 3,689 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 103 | 137 | 153 | 146 | 171 | 208 | 130 | 163 | 297 | 377 | 349 | 388 | |
| -91 | -110 | -153 | -123 | -155 | -157 | -133 | -142 | -268 | -334 | -315 | -610 | |
| -11 | -25 | -0 | -19 | -20 | -47 | -0 | -21 | -24 | -33 | -42 | 222 | |
| Net Cash Flow | 1 | 1 | -0 | 4 | -4 | 4 | -3 | 0 | 5 | 10 | -8 | 0 |
| Free Cash Flow | 1 | 37 | -3 | 9 | 21 | 151 | 72 | 14 | 284 | 272 | -435 | 66 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 109% | 105% | 103% | 93% | 106% | 95% | 89% | 94% | 101% | 113% | 107% | 101% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 20 | 14 | 16 | 18 | 14 | 37 | 20 | 15 | 7 | 8 | 8 |
| Inventory Days | 271 | 248 | 138 | 159 | 107 | 119 | 83 | 56 | 36 | |||
| Days Payable | 463 | 187 | 164 | 227 | 126 | 147 | 93 | 63 | 43 | |||
| Cash Conversion Cycle | 20 | 20 | -178 | 76 | -8 | 14 | -31 | 1 | -12 | -4 | 0 | 1 |
| Working Capital Days | -39 | -18 | -23 | -107 | -54 | -37 | -56 | 2 | 2 | -21 | -23 | -23 |
| ROCE % | 29% | 35% | 33% | 26% | 23% | 24% | 16% | 15% | 22% | 22% | 21% | 19% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bombay Exhibition Center Exhibitions Held count |
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| Nesco Foods Central Kitchen Meal Capacity meals/day |
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| IT Park Occupancy Rate % |
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| Bombay Exhibition Center Total Chargeable Area sq. mtr. |
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| Nesco Events - Events Held count |
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| Indabrator Abrasive Plant Capacity MT/annum |
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| IT Park Total Leased Area sq. mtr. |
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| Nesco Foods Restaurants Operational count |
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Extracted by Screener AI
Documents
Announcements
-
Board Meeting Intimation for Board Meeting Intimation For Unaudited Standalone And
Consolidated Financial Results For The Quarter Ended 30 September 2026.
- Board meeting on 23 October 2026 to approve Q2 FY2026-27 results; trading window remains closed.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
Closure of Trading Window
- Trading window closes from 1 October 2026 ahead of Q2/H1 FY2026 financial results.
-
Announcement Under Regulation 30
- NHLML levies Rs 2.09 crore penalty on NESCO for delay in additional site implementation.
-
Announcement Under Regulation 30
- NHLML levies Rs 2.10 crore penalty on NESCO for project implementation delay on 9 Sep 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2013
from nse
Business Segments:
a) IT Parks Division: [1]
The company leases grade A office spaces across IT Park Towers 3 and 4, with 17.50+ lakh sq ft chargeable, 100% occupancy, an average realisation of ₹179 psf/pm, 26 global clients and an NPS of 94.80. Both towers are LEED Platinum and run on 100% renewable power. More than six clients renewed for a further five-year term during FY26
b) Bombay Exhibition Center:l[2]
The company's exhibition center in Goregaon, Mumbai, is India’s largest exhibition venue in the private sector spread over 60,000 sq. mt featuring five halls. It is used for exhibitions, trade shows, and entertainment and annually attracts over 2 million visitors. It hosted 135+ exhibitions and events in FY26 with 2 mn+ footfall. Hall 6, an 18,000+ visitors capacity hall, is now fully operational[3] [4]
c) Nesco Foods:
Nesco Foods caters to all levels of social, business, and luxury events. It operates
over 8 owned brands and 50 partnered
brands, offering over 80,000 meals daily.
The division operates the largest non-flight kitchen in Mumbai spanning 24,000 sq. ft. It has expanded into newer geographies by introducing new food options, including three restaurants namely Social, Smoke House Deli, and FOO, and leasing out food court spaces to renowned brands. [4] [5]
d) Nesco Events:[6]
This is moving from venue host to promoter
of its own IPs, including Rangilo Re (Navratri) and its first off-campus multi-city concert (Himesh Reshammiya, Pune)
e) Indabrator:[7]
The company manufactures machines
and capital equipment according to the
industrial demand for Railways, Defence,
Spare, Research, etc. It operates manufacturing
plants in Karamsad and Vishnoli, Gujarat,
and branch offices in Kolkata, New Delhi,
and Chennai. In FY24, it commissioned a
high-value 28 CFT Tumble Shot Blasting Machine for NALCO at Orissa. Its key clients include ISRO, Integral Coach Factory, Rail
Coach Factory, SAIL
f) Wayside Amenities (Nesco Retail brand):
It builds highway stops on long-term leased NHLML land. Planned facilities are fuel, EV charging, food courts and QSRs, dormitories, retail and repair services.[8]