Nexus Select Trust

Nexus Select Trust

₹ 152 -2.42%
27 Mar - close price
About

Nexus Select Trust (NST) is the owner of India's leading consumption center platform of high-quality assets that serve as essential consumption infrastructure and is the first publicly listed consumption center REIT in India.[1][2]

Key Points

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]

  • Market Cap 22,990 Cr.
  • Current Price 152
  • High / Low 169 / 125
  • Stock P/E 21.3
  • Book Value 98.4
  • Dividend Yield 4.48 %
  • ROCE 7.18 %
  • ROE 6.97 %
  • Face Value 100

Pros

  • Stock is providing a good dividend yield of 4.48%.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0 36 425 305 303 325 307 348 332 371 317 382
3 10 9 5 6 5 5 6 5 5 6 6
Operating Profit -3 26 415 300 297 320 302 343 327 366 311 376
OPM % 71% 98% 98% 98% 98% 98% 98% 99% 99% 98% 98%
0 0 2 3 2 2 2 6 5 2 1 1
Interest 0 12 46 46 46 47 50 67 71 77 79 81
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -3 14 371 257 254 275 255 282 261 291 233 297
Tax % 0% 0% 0% 0% 1% 0% 0% 0% 1% 0% 0% -0%
-3 14 371 257 252 275 254 281 259 290 232 297
EPS in Rs 0.09 2.45 1.70 1.66 1.81 1.68 1.85 1.71 1.92 1.53 1.96
Raw PDF

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: 17%
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
NexusONE App Sign-ups
Millions
Number of Malls
Number
Total Retail Leasable Area
Million sf

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Annual reports

No data available.

Concalls