Nexus Select Trust
- Market Cap ₹ 23,534 Cr.
- Current Price ₹ 155
- High / Low ₹ 169 / 120
- Stock P/E 21.8
- Book Value ₹ 98.4
- Dividend Yield 4.39 %
- ROCE 7.18 %
- ROE 6.97 %
- Face Value ₹ 100
Pros
- Stock is providing a good dividend yield of 4.38%.
- Company has delivered good profit growth of 38.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 69.7%
Cons
- The company has delivered a poor sales growth of -4.14% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.22% over last 3 years.
- Promoters have pledged 77.4% of their holding.
* 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
Consumer Discretionary Realty Realty Real Estate Investment Trusts (REITs)
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 8m | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,622 | 907 | 1,318 | 0 | 1,069 | 1,313 | 1,402 | |
| 624 | 436 | 536 | 3 | 31 | 20 | 22 | |
| Operating Profit | 998 | 471 | 782 | -3 | 1,039 | 1,292 | 1,380 |
| OPM % | 62% | 52% | 59% | 97% | 98% | 98% | |
| 79 | 124 | 57 | 0 | 7 | 15 | 9 | |
| Interest | 560 | 553 | 524 | 0 | 150 | 235 | 308 |
| Depreciation | 261 | 251 | 243 | 0 | 0 | 0 | 0 |
| Profit before tax | 256 | -210 | 72 | -3 | 896 | 1,073 | 1,081 |
| Tax % | 19% | -5% | 115% | 0% | 0% | 0% | |
| 207 | -199 | -11 | -3 | 894 | 1,069 | 1,078 | |
| EPS in Rs | 5.90 | 7.06 | 7.12 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 119% | 90% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 0% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 355% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 225 | 248 | 325 | 0.00 | 15,095 | 15,095 | 15,095 |
| Reserves | 2,101 | 1,414 | 1,399 | -3 | 136 | -74 | -192 |
| 5,971 | 6,294 | 6,319 | 0 | 2,224 | 3,521 | 4,034 | |
| 1,205 | 975 | 997 | 48 | 18 | 22 | 15 | |
| Total Liabilities | 9,502 | 8,932 | 9,040 | 45 | 17,473 | 18,565 | 18,952 |
| 7,468 | 7,323 | 7,234 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 21 | 0 | 0 | 0 | 0 | 0 |
| Investments | 174 | 206 | 195 | 0 | 14,315 | 14,232 | 14,178 |
| 1,861 | 1,382 | 1,611 | 45 | 3,158 | 4,333 | 4,774 | |
| Total Assets | 9,502 | 8,932 | 9,040 | 45 | 17,473 | 18,565 | 18,952 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 911 | 413 | 747 | 0 | -33 | -21 | |
| -1,008 | 75 | -271 | 0 | -2,586 | 192 | |
| 106 | -403 | -438 | 0 | 2,671 | -216 | |
| Net Cash Flow | 8 | 85 | 39 | 0 | 52 | -45 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 31 | 60 | 32 | 0 | 0 | |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 31 | 60 | 32 | 0 | 0 | |
| Working Capital Days | -111 | -106 | -101 | 21 | -46 | |
| ROCE % | 4% | 7% | -0% | 12% | 7% |
Insights
In beta| Sep 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Leased Occupancy - Retail % |
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| LTM Footfalls Million |
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| NexusONE App Sign-ups Millions |
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| Number of Malls Number |
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| Total Retail Leasable Area Million sf |
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Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Meeting on March 16, 2026 to approve typographical correction in Trust Deed for NCDs up to INR 700 Crore.
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Reg 23(5)(i): Disclosure of material issue
4 Mar - SEBI settlement order dated March 4, 2026; adjudication disposed upon payment by Manager.
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Reg 23(5)(i): Disclosure of material issue
2 Mar - Nexus Select Trust redeemed INR 225 Crore commercial papers (4,500 CPs, ISIN INE0NDH14122) on March 02, 2026.
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Reg 23(5)(i): Disclosure of material issue
27 Feb - Manager met institutional investor one-on-one on February 27, 2026; Nexus Select Trust senior management attended.
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Reg 23(5)(i): Disclosure of material issue
27 Feb - Senior management met institutional investors at IIFL conference on Feb 26, 2026 (one-on-one and group).
Annual reports
No data available.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Jul 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
Background[1]
NxST is registered as an irrevocable trust under the Indian Trust Act, of 1882, and as a REIT with SEBI’s REIT Regulations, 2014. NxST is sponsored by Wynford Investments Limited (a Blackstone Inc. affiliate) and is India's 1st publicly listed REIT[2]