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Nesco Ltd (NESCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505355 NSE: NESCO Business Support | Small Cap | NESCO Share Price

₹1,078.90 -6.20 (-0.57%)

As on 09-Jun'26 14:16

Nesco Ltd (NESCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505355 NSE: NESCO Business Support | Small Cap | NESCO Share Price

₹1,078.90 -6.20 (-0.57%)

As on 09-Jun'26 14:16

Key Metrics
Valuation Multiples
Market Cap
₹7,646 Cr.
Current Price
₹1,078.9
52-Week Low / High
₹920 / 1,639
TTM EPS
₹58.6
TTM Sales
₹932 Cr.
Book Value per Share
₹425.3
P/E Ratio
18.52
In line with its 5-year historical median
Industry PE
22.8
Price to Book (P/B)
2.55
In line with its 5-year historical median
Price to Sales (P/S)
8.20
Lower than its 5-year historical median
EV/EBITDA
12.92
In line with its 5-year historical median
Dividend Yield
0.71%
Profitability Efficiency
Return on Equity (ROE)
15.23%
Outperforms industry median
Return on Capital Employed (ROCE)
20.36%
Outperforms industry median
Return on Assets (ROA)
13.24%
Operating Profit Margin
59.7%
Net Profit Margin
51.26%
Gross Profit Margin
73.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.94%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.2%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.43%
Asset Quality
Promoter Holding
68.54%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,982 Cr.
Equity
₹14.1 Cr.
Face Value
₹2
All Time Low / High
₹0.21 / 1638.85

Nesco stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Nesco Ltd a good quality company?
Nesco Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nesco Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nesco Ltd vs industry peers?
Nesco Ltd revenue CAGR is 11.14%, compared to the industry median CAGR of 0.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nesco Ltd?
Promoters hold 68.54% of the Nesco Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nesco Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nesco Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 35.4%32.8%26%23.2%23.7%15.6%14.6%20.7%22.4%20.4%-
Value Creation
Index
1.51.30.90.70.80.10.10.50.70.5-

Growth Parameters

Sales 261306304360432291337546678732932
Sales YoY Gr.-17%-0.7%18.7%19.8%-32.6%15.9%61.8%24.2%7.9%-
Adj EPS 20.524.125.125.633.224.527.343.351.755.158.6
YoY Gr.-17.4%4.3%2%29.8%-26.3%11.6%58.5%19.5%6.7%-
BVPS (₹) 95.8119.8143.2165.7192.3216.7240.6278.8325.9373.2425.3
Adj Net
Profit
144169177180234172192305364388413
Cash Flow from Ops. 137152143171208139164297377349-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.1%11.1%29.5%7.9%
Adj EPS 11.6%10.7%26.4%6.7%
BVPS16.3%14.2%15.8%14.5%
Share Price 12.8% 14.4% 19.2% 13%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.622.11916.618.51211.916.717.115.814.7
Op. Profit
Mgn %
72.3707164.664.563.665.467.362.759.752.6
Net Profit
Mgn %
55.255.458.25054.259.25755.853.753.144.3
Debt to
Equity
00000000000
Working Cap
Days
77106109899921320612710810086
Cash Conv.
Cycle
-16-48-43-7-12-74-4-4-424

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales261306304360432291337546678732
Operating Expenses + 739288128153106121199255314
Manufacturing Costs23312735452231638188
Material Costs12161024191726365968
Employee Cost 8121518201613202834
Other Costs 293335517051518087124
Operating Profit 188214216233278185216347423418
Operating Profit Margin (%) 72.1%70.0%71.0%64.5%64.5%63.6%64.1%63.6%62.4%57.1%
Other Income + 3343363242654865108133
Exceptional Items 0000000000
Interest 4565689121412
Depreciation 781112222628335450
Profit Before Tax 211244235248292216227367463489
Tax 6774586858443776100114
Profit After Tax 144169177180234172189291363375
PAT Margin (%) 55.2%55.4%58.2%50.0%54.2%59.3%56.1%53.2%53.5%51.3%
Adjusted EPS (₹)20.524.125.125.633.224.526.941.351.553.3
Dividend Payout Ratio (%)8.30%9.20%9.20%9.80%9%12.30%11.20%10.90%11.70%12.20%

Valuation of NESCO - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6818511,0091,1681,3551,5261,6951,9652,2972,629
Share Capital 14141414141414141414
Reserves 6678379951,1541,3411,5121,6811,9502,2822,615
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables92291115119141512
Others Liabilities 150159161167238282265284339374
Total Liabilities 8411,0321,1791,3461,6071,8191,9692,2632,6503,016

Fixed Assets

Net Fixed Assets +16518898929487174151121299
Gross Block171202111113122123218207211420
Accumulated Depreciation61413212836455691122
CWIP 1432623575092518286162753
Investments 4424824995316738108471,1611,4941,136
Inventories1113129978121410
Trade Receivables14111318173019231216
Cash Equivalents 65741067182819
Others Assets 5870193182804828834813819784
Total Assets 8411,0321,1791,3461,6071,8191,9692,2632,6503,016

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 137152143171208139164297377349
PBT 211244235248292216227367463489
Adjustment -23-33-20-12-78-57-23-0-28-56
Changes in Working Capital 1010-14125114474534
Tax Paid -61-68-57-76-57-35-44-76-103-119
Cash Flow From Investing Activity + -110-153-123-155-157-142-142-266-334-315
Capex -56-155-137-150-57-67-149-13-105-784
Net Investments -13-112-6-107-99-16-290-296374
Others -4132172423386795
Cash Flow From Financing Activity + -25-0-19-20-47-0-21-24-33-42
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-0-0-0-0-0-2-1-1
Dividend Paid -210-16-16-390-21-21-32-42
Others -40-3-3-801-0-01
Net Cash Flow 1-12-34-31810-8

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.7322.319.0716.5618.5411.9711.7515.8817.0315.23
ROCE (%)35.3532.7525.9723.1923.6515.5914.6320.7222.3920.36
Asset Turnover Ratio0.350.330.280.290.290.170.180.260.280.26
PAT to CFO Conversion(x)0.950.90.810.950.890.810.871.021.040.93
Working Capital Days
Receivable Days17.4015.1014.701614.602926.1013.809.406.90
Inventory Days12.9014.4015.4010.907.40108.106.406.806
Payable Days215.70366563.70152.40249.40270.10137.70118.209172.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nesco Ltd FAQs

The current trading price of NESCO on 09-Jun-2026 14:16 is ₹1,078.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of NESCO stood at ₹7,645.6 Cr

The latest P/E ratio of NESCO as of 08-Jun-2026 is 18.52.

The latest P/B ratio of NESCO as of 08-Jun-2026 is 2.55.

The 52-week high of NESCO is ₹1,638.9 and the 52-week low is ₹920.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NESCO is ₹932 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nesco Ltd is a good quality company.

The key valuation ratios of Nesco Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nesco Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Nesco Ltd

Nesco Limited was incorporated on April 15, 1946, under the Indian Companies Act VII of 1913. The Company is domiciled in India having registered office at Nesco Center, Western Express Highway, Goregaon (East), Mumbai and listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

With business verticals as varied as exhibitions, events, hospitality, MICE and realty, the company’s steady expansion augments its growth as it watches several new ideas find form. With the continued expansion of the Bombay Exhibition Center (BEC), there is now a versatile solution for any trade fair. The BEC is already India’s largest exhibition venue in the private sector, hosting all the Messe’s as well as organisers from across the globe.

Nesco Realty carved a new benchmark with its premium IT Park. A self-sustained facility, the Park is laid out over several million square feet. It accommodates the world’s leading multinationals such as HSBC, KPMG, PWC, MSCI, BlackRock and several others. The division is now looking to offer maximum value, comfort, luxury and style in the housing market.

Indabrator, its engineering division is a pioneer in the surface-preparation category. Backed by best-in-class technology, Indabrator boasts of the finest manufacturing units. Today, it remains a company with impressive market share and multiple innovations in the pipeline.

The company’s foray into the event space has been buoyed with excitement. Nesco Events has created unique properties that have quickly become resounding successes. This is taking the business off to an impressive start and is enhancing the Group’s strengths to deliver quality entertainment to a burgeoning audience of eager enthusiasts.

Nesco Foods caters to all levels of social, business and luxury events. It is one of Mumbai’s most preferred hospitality providers, well-recognised for their varied capability and array of cuisines. The division operates the largest non-flight kitchen in the city.

Business area of the company

The Company is mainly engaged in the following:

  • 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.
  • Hospitality and catering services

Milestones

  • 1939: The founder, Shri. J.V. Patel manifests his vision as the Standard Engineering Company (SEC).
  • 1952: By this time, SEC was taking over & reviving the fortunes of several struggling companies to build an engineering powerhouse.
  • 1956: The acquisition of Burjorji Pestonji & Son re-christens the company as the New Standard Engineering.
  • 1957: New Standard Engineering collaborates with B&S Massey Ltd to become the first manufacturer in India for forging hammers & presses.
  • 1958: The Company launches its public issue, which is quickly oversubscribed.
  • 1960: Sumant Patel founds the Gujarat Machinery Manufacturers Ltd which later becomes GMM Pfaudler Ltd.
  • 1962: The New Standard Engineering Company is known to have the largest foundry in the private sector, making specialised castings for the company's forging equipment product line.
  • 1964: Indabrator is born, on the basis of a joint venture signed with Wheelabrator Corporation, USA for the manufacturing of shot-blasting equipment in India.
  • 1986: New Standard Engineering diversifies into realty and the Group welcomes a new sector.
  • 1992: The 200,000 square feet Bombay Exhibition Center develops into the largest center for exhibitions in the private sector in India.
  • 2001: The Company rebrands itself as Nesco Limited in light of further diversification and business verticals.
  • 2015: The beginning of Nesco Foods. Mumbai gains one of the largest and most hygienic food production centers in the non-flight category, serving 50,000 meals per day.
  • 2016: Nesco Events comes to life, delighting patrons with intellectual properties, exhibitions and private events.
  • 2019: NESCO & WEVIO organized - Technology Transfer Meet between Indian Companies and South Korean Delegation.
  • 2021: Tata Power on Monday announced that it has received the Letter of Intent (LoI) from Odisha Electricity Regulatory Commission (OERC) for distribution and retail supply electricity in five circles of Nesco.
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