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Nesco

NESCO NSE
₹1,040.40 No trade today
P/E
17.60
View as Markdown
MCP
Close 4 Nov 2026 ₹1,040.40 −204.40 −16.4% 1Y
Start ₹1,244.80

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
18.50%
Debt to Equity
0.09
EPS (TTM)
₹59.13
Book Value
₹447.40
Market Cap
—
P/E (TTM)
17.60
P/B
2.33
ROE
14.80%
Dividend Yield
0.68%
EBITDA
₹590 Cr
52W High
₹1,369.10
52W Low
₹933.40
Volume
0

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

Nesco peer comparison
International Gemological Institute
₹402.0028.49₹17,550 Cr9.920.63%55.80%69.20%₹1,363 Cr₹611 Cr
WeWork India Management
₹680.50111.74₹9,206 Cr27.760.00%27.90%12.60%₹2,578 Cr₹82 Cr
Nesco (this company)
₹1,040.4017.60₹7,372 Cr2.330.68%14.80%18.50%₹951 Cr₹417 Cr
Indiabulls
₹31.2816.82₹7,118 Cr2.050.00%23.10%16.20%₹1,101 Cr₹488 Cr
Nirlon
₹633.5015.99₹5,724 Cr12.184.72%83.80%30.80%₹674 Cr₹357 Cr
Leap India
₹116.4522.39₹5,030 Cr3.400.00%9.82%9.21%₹821 Cr₹75 Cr
Median 6 companies₹517.7520.00₹7,245 Cr6.660.32%25.50%17.35%₹1,026 Cr₹387 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
73
Strong
Returns, margins, earnings quality 22% weight
Valuation
45
Average
Cheap vs sector & own history 24% weight
Growth
60
Good
Sales & profit trajectory 9% weight
Financial Health
84
Strong
Solvency, leverage, coverage 9% weight
Momentum
36
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1045
OscillatorsBearish441
Moving AveragesStrong Bearish604

Key readings

RSI (14)
53.59
Neutral
MACD (12,26,9)
−8.57
Bullish
SMA (50)
1,045.27
Bearish
SMA (200)
1,106.56
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.49%
5Y+26.21%
3Y+19.51%
1Y+27.32%
TTM+21.30%

Net profit

Net profit growth by window
10Y+11.11%
5Y+19.15%
3Y+12.38%
1Y+10.13%
TTM+3.73%

Operating cash flow

Operating cash flow growth by window
10Y+10.97%
5Y+24.45%
3Y+9.32%
1Y+11.17%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−19.28 pp
5Y−11.34 pp
3Y−14.64 pp
1Y−7.26 pp
TTM−8.25 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹311 Cr
Mar 2018₹321 Cr
Mar 2019₹361 Cr
Mar 2020₹432 Cr
Mar 2021₹291 Cr
Mar 2022₹337 Cr
Mar 2023₹546 Cr
Mar 2024₹678 Cr
Mar 2025₹732 Cr
Mar 2026₹932 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹170 Cr
Mar 2018₹179 Cr
Mar 2019₹180 Cr
Mar 2020₹234 Cr
Mar 2021₹172 Cr
Mar 2022₹189 Cr
Mar 2023₹291 Cr
Mar 2024₹363 Cr
Mar 2025₹375 Cr
Mar 2026₹413 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹467 Cr −20.9% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

121d ago

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.

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.

Quarterly Results

₹ Cr
NESCO quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
137
175
178
189
141
192
207
192
193
239
248
252
212
228
Expenses
51
66
64
72
55
73
81
85
83
103
122
134
109
101
Operating Profit
86
109
114
117
86
120
125
107
110
136
126
118
102
128
OPM %
63%
62%
64%
62%
61%
62%
61%
56%
57%
57%
51%
47%
48%
56%
Other Income
25
23
27
31
30
33
31
20
28
24
27
21
44
24
Interest
3
5
6
0
3
6
2
1
4
5
8
8
7
6
Depreciation
14
14
14
12
12
12
13
13
11
12
13
14
12
11
PBT
94
112
121
136
100
135
142
112
124
143
132
116
127
136
Tax %
19%
22%
23%
23%
31%
21%
22%
21%
22%
17%
21%
20%
21%
23%
Net Profit
76
88
94
105
70
107
110
89
96
119
105
93
100
105
EPS (₹)
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
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
NESCO profit and loss, annual, ₹ crore
Particulars 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 (₹)
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%
—

Balance Sheet

₹ Cr
NESCO balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
NESCO cash flow, annual, ₹ crore
Particulars 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

Ratios

NESCO financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Nesco insights

60 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.54%
  • Public 16.89%
  • Others 6.11%
  • DIIs 4.27%
  • FIIs 4.19%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Sep 2026
    PPT
  • Concall · Nov 2025
    PPT
  • Concall · Aug 2025
    Transcript PPT
  • Concall · Aug 2024
    PPT
  • Concall · Nov 2021
    PPT

Frequently Asked Questions about Nesco

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.
Where is NESCO Ltd (NESCO) listed?
NESCO Ltd trades as NESCO on the NSE and under code 505355 on the BSE.
Which sector does NESCO Ltd belong to?
NESCO Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of NESCO Ltd?
NESCO Ltd trades at a PE ratio of 17.60 as of 4 Nov 2026, on earnings per share of ₹59.13, against a book value of ₹447.4 per share.
What is the 52-week high and low of NESCO Ltd?
Over the last 52 weeks NESCO Ltd has traded between ₹933.4 and ₹1,369.1 as of 4 Nov 2026.
Does NESCO Ltd pay dividends?
NESCO Ltd has a dividend yield of 0.68%.
What is the Return on Equity (ROE) of NESCO Ltd?
NESCO Ltd reported a return on equity of 14.80%. Its debt-to-equity ratio is 0.09.

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.

Website nesco.in
CEO Mr. Krishna Sumant Patel
Employees 255
Listed 8 Apr 2008
Face Value ₹2

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