NESCO Ltd logo

NESCO Ltd

NESCO NSE

Key Fundamentals

MicrocapDiversified ServicesCommercial Services
Market Cap
₹7,338 Cr
Volatility
Moderate
P/E Ratio
17.55
EBITDA
₹590 Cr
Return on Equity
13.77%
Debt to Equity
0.09
Book Value
₹425.27
EPS
₹48.61
52W High
₹1,638.9
52W Low
₹996

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view NESCO Ltd insights

41 extracted metrics + investor summaries across FY13–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

1
  • Dividend payout has been low at 11.9% of profits over last 3 years

Growth Rate

Revenue Growth
20.00% ↗
Net Income Growth
9.99% ↗
Cash Flow Change
11.15% ↗
ROE
-3.50% ↘
ROCE
-11.33% ↘
EBITDA Margin (Avg.)
-10.85% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk medium

NESCO Ltd is a nearly debt-free services company with a market cap of ₹8,209 Cr, trading at a PE of 19.2x. Revenue grew 27% TTM (FY26 sales of ₹932 Cr vs ₹732 Cr in FY25) while net profit grew a more modest 6% TTM to ₹413 Cr, reflecting operating margin compression from 51.8% to 47.5% as the business mix shifts toward exhibitions and food services.

Bull Case 8
  • Virtually debt-free balance sheet provides financial flexibility and insulates earnings from interest rate cycles
  • Revenue CAGR of 26% over 5 years and 27% TTM growth (FY26 sales ₹932 Cr vs ₹732 Cr in FY25) demonstrates strong top-line momentum
  • IT Park occupancy reported at 100%, ensuring predictable annuity-style rental income that forms the core earnings base
  • Consistent ROE averaging 15-16% over 3, 5, and 10-year periods signals efficient capital deployment
  • Net profit CAGR of 19% over 5 years shows sustained earnings compounding over the medium term
  • PE of 19.2x is moderate for an asset-light, high-margin real estate and services business with double-digit profit growth
  • Stock price CAGR of 22% over 3 years and 13% over 10 years reflects long-term wealth creation track record
  • Exhibition segment recovery post-COVID adds a high-margin revenue stream alongside the IT park annuity
Bear Case 8
  • Operating profit margin contracted from 51.8% in FY25 to 47.5% in FY26, indicating rising cost pressures as revenue mix changes
  • Profit growth of only 6% TTM significantly lags revenue growth of 27% TTM, suggesting margin dilution from newer business segments
  • Working capital days have deteriorated sharply from 24.4 days to 117 days, tying up significantly more cash in operations
  • Dividend payout of only 11.9% of profits over the last 3 years provides minimal income return to shareholders despite a debt-free balance sheet
  • Dividend yield of just 0.62% is unattractive for an annuity-income business model
  • Stock has declined 6% over the past 1 year even as broader markets advanced, indicating possible valuation de-rating
  • Revenue concentration in a single geography (Goregaon, Mumbai) creates location-specific risk from regulatory or infrastructure disruption
  • Interest cost nearly doubled from ₹12.3 Cr in FY25 to ₹25.2 Cr in FY26, suggesting new borrowings despite historically debt-free status

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Positives 2
  • FY26 revenue crosses ₹1,000 crore Jul 3

    Total income rose 21.98% YoY to ₹1,031.58 crore in FY26. Net profit grew 10.02% to ₹412.80 crore.

  • ₹7 per share dividend declared Jul 3

    Board recommended a final dividend of ₹7 per share for FY26. The 67th AGM is scheduled for July 27, 2026.

Neutral 1
  • No promoter share encumbrance in FY26 Jun 17

    Promoters confirmed zero shares were encumbered directly or indirectly during FY26, disclosed to BSE and NSE under SEBI regulations.

TL;DR: Nesco delivered strong FY26 results with revenue crossing the ₹1,000 crore mark for the first time, up nearly 22% YoY, while net profit grew at a more modest 10%. Promoter governance remains clean with no share encumbrance. No visible headwinds in recent news flow, and the consistent dividend payout signals confidence, though the margin compression implied by profit growing slower than revenue is worth monitoring going forward.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
137
175
178
189
141
192
207
192
193
239
248
252
212
Expenses
51
66
64
72
55
73
81
85
83
103
122
134
109
Operating Profit
86
109
114
117
86
120
125
107
110
136
126
118
102
OPM %
63%
62%
64%
62%
61%
62%
61%
56%
57%
57%
51%
47%
48%
Other Income
25
23
27
31
30
33
31
20
28
24
27
21
44
Interest
3
5
6
0
3
6
2
1
4
5
8
8
7
Depreciation
14
14
14
12
12
12
13
13
11
12
13
14
12
PBT
94
112
121
136
100
135
142
112
124
143
132
116
127
Tax %
19%
22%
23%
23%
31%
21%
22%
21%
22%
17%
21%
20%
21%
Net Profit
76
88
94
105
70
107
110
89
96
119
105
93
100
EPS in Rs
10.8
12.46
13.31
14.92
9.9
15.17
15.6
12.58
13.64
16.88
14.85
13.21
14.19
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
195
263
311
321
361
432
291
337
546
678
732
932
951
Expenses
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%
Other Income
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
PBT
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%
—
Net Profit
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
Div. Payout %
8%
8%
9%
9%
10%
9%
12%
11%
11%
12%
12%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
0
0
0
0
0
0
0
1
0
0
1
272
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
103
137
153
146
171
208
130
163
297
377
349
388
Investing
-91
-110
-153
-123
-155
-157
-133
-142
-268
-334
-315
-610
Financing
-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/OP
109
105
103
93
106
95
89
94
101
113
107
101
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 68.54%
Public 16.92%
Others 6.10%
FIIs 4.32%
DIIs 4.12%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
68.54%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.80%
0.00%
3.50%
3.86%
3.95%
4.91%
4.90%
4.89%
4.90%
4.65%
4.63%
4.32%
DIIs
4.76%
4.74%
4.46%
4.33%
4.39%
4.30%
4.09%
3.95%
3.92%
3.82%
4.07%
3.85%
3.99%
3.91%
4.07%
3.37%
3.19%
3.06%
3.97%
3.79%
3.85%
4.12%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
19.11%
18.98%
19.13%
19.18%
19.22%
19.25%
19.18%
18.99%
19.41%
19.79%
19.22%
19.02%
18.64%
18.06%
17.73%
17.50%
17.50%
17.60%
16.72%
16.99%
16.96%
16.92%
Others
7.59%
7.74%
7.87%
7.96%
7.85%
7.92%
8.19%
8.52%
8.13%
7.85%
5.38%
8.59%
5.33%
5.64%
5.72%
5.68%
5.88%
5.92%
5.88%
6.03%
6.02%
6.10%
No. of Shareholders
39,865
43,014
40,722
37,545
36,630
36,711
36,127
35,987
37,631
37,525
36,251
45,871
46,796
45,047
44,222
43,448
43,897
43,336
44,938
47,254
46,130
46,381

Documents

1
Concall - Feb 2018 Feb 2018
2
Concall - Mar 2019 Mar 2019
3
Concall - Sep 2019 Sep 2019
4
Concall - Jun 2020 Jun 2020
5
Concall - Aug 2024 Aug 2024

Frequently Asked Questions about NESCO Ltd

What does NESCO Ltd do?
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 : 202...
Where is NESCO Ltd (NESCO) listed?
NESCO Ltd is listed on the Indian stock exchanges. It is listed on NSE: NESCO and BSE: 505355. You can view its live share price, financials, and ratios on Tapetide.
Which sector does NESCO Ltd belong to?
NESCO Ltd operates in the Commercial Services sector within the Diversified Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of NESCO Ltd?
NESCO Ltd has a market capitalisation of approximately ₹7337.70 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of NESCO Ltd?
The Price-to-Earnings (PE) ratio of NESCO Ltd is 17.55. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of NESCO Ltd?
Over the past 52 weeks, NESCO Ltd has traded between a low of ₹996 and a high of ₹1,638.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does NESCO Ltd pay dividends?
Yes, NESCO Ltd has a dividend yield of 0.67%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of NESCO Ltd?
NESCO Ltd has a Return on Equity (ROE) of 13.77%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research NESCO Ltd on Tapetide?
On Tapetide, you can view NESCO Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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)

Website nesco.in
CEO Mr. Krishna Sumant Patel
Employees 255
Listed 2008-04-08
Face Value ₹ 2
Issued Size 7,04,59,960

Explore More

More in Commercial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List