Nexus Select Trust
- Market Cap ₹ 25,181 Cr.
- Current Price ₹ 166
- High / Low ₹ 192 / 150
- Stock P/E 22.9
- Book Value ₹ 98.1
- Dividend Yield 1.47 %
- ROCE 7.83 %
- ROE 7.78 %
- Face Value ₹ 100
Pros
- Company has delivered good profit growth of 51.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 134%
Cons
- Tax rate seems low
- Company has a low return on equity of 8.24% 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,622 | 907 | 1,318 | 0 | 1,069 | 1,313 | 1,503 | 1,438 | |
| 624 | 436 | 536 | 3 | 31 | 20 | 23 | 23 | |
| Operating Profit | 998 | 471 | 782 | -3 | 1,039 | 1,292 | 1,480 | 1,415 |
| OPM % | 62% | 52% | 59% | 97% | 98% | 98% | 98% | |
| 79 | 124 | 57 | 0 | 7 | 15 | 6 | 4 | |
| Interest | 560 | 553 | 524 | 0 | 150 | 235 | 316 | 320 |
| Depreciation | 261 | 251 | 243 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 256 | -210 | 72 | -3 | 896 | 1,073 | 1,169 | 1,099 |
| Tax % | 19% | -5% | 115% | 0% | 0% | 0% | 0% | |
| 207 | -199 | -11 | -3 | 894 | 1,069 | 1,168 | 1,098 | |
| EPS in Rs | 5.90 | 7.06 | 7.71 | 7.24 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 119% | 179% | 102% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | % |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 634% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 225 | 248 | 325 | 0.00 | 15,095 | 15,095 | 15,095 |
| Reserves | 2,101 | 1,414 | 1,399 | -3 | 136 | -74 | -238 |
| 5,971 | 6,294 | 6,319 | 0 | 2,224 | 3,521 | 4,385 | |
| 1,205 | 975 | 997 | 48 | 18 | 22 | 13 | |
| Total Liabilities | 9,502 | 8,932 | 9,040 | 45 | 17,473 | 18,565 | 19,255 |
| 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 | 14,207 |
| 1,861 | 1,382 | 1,611 | 45 | 3,158 | 4,333 | 5,048 | |
| Total Assets | 9,502 | 8,932 | 9,040 | 45 | 17,473 | 18,565 | 19,255 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 911 | 413 | 747 | 0 | -33 | -21 | -21 | |
| -1,008 | 75 | -271 | 0 | -2,586 | 192 | 823 | |
| 106 | -403 | -438 | 0 | 2,671 | -216 | -785 | |
| Net Cash Flow | 8 | 85 | 39 | 0 | 52 | -45 | 17 |
| Free Cash Flow | 303 | 274 | 622 | 0 | -33 | -21 | -21 |
| CFO/OP | 103% | 80% | 108% | 0% | -3% | -1% | -1% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 60 | 32 | 0 | 0 | 0 | |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 31 | 60 | 32 | 0 | 0 | 0 | |
| Working Capital Days | -111 | -106 | -101 | 21 | -46 | 20 | |
| ROCE % | 4% | 7% | -0% | 12% | 7% | 8% |
Insights
In beta| Jun 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Leased Occupancy % |
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| Consumption / Tenant Sales INR Bn |
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| LTM Footfalls M (millions) |
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| Retail Leasable Area M sf |
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| Trading Density INR psf pm |
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| Trading Occupancy % |
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| Re-leasing Spread % |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
- Nexus Select Trust held one-on-one institutional investor meetings on September 23, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Management held one-on-one meeting with J.P. Morgan India Conference investor on September 21, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Management held one-on-one meetings with institutional investors on September 18, 2026.
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such rating
- Crisil assigned A1+ rating to Nexus Select Trust’s ₹500 crore commercial paper.
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Reg 23(5)(i): Disclosure of material issue
- BREP Asia SG Forum Holding pledged 13,00,000 Nexus Select Trust units on 11 September 2026.
Annual reports
No data available.
Concalls
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Aug 2026Transcript PPT
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Jul 2025Transcript PPT
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May 2025PPT
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May 2025PPT
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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]