Is Nesco a good quality company?

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

Is Nesco undervalued or overvalued?

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

What is Nesco share price return in the past 10 years?

Nesco Ltd share price has appreciated 15% annually (CAGR) over the past ten years.

Is Nesco a good buy now?

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

Nesco Ltd - Stock Valuation and Financial Performance

Name: Nesco
Brand: Nesco

BSE: 505355 | NSE: NESCO | Engineering - Industrial Equipments | Small Cap

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NESCO Share Price

₹919.80 12.25 1.35%
as on 26-Jul'24 16:01

10 Year X-Ray of NESCO:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	22.8%	24.1%	22.6%	19.4%	16.9%	18.9%	12.4%	12.3%	17.1%	17.6%	-
Value Creation Index ⓘ	0.6	0.7	0.6	0.4	0.2	0.4	-0.1	-0.1	0.2	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	194	261	306	304	360	432	291	337	546	678	678
Sales YoY Gr.	-	34.4%	17%	-0.7%	18.7%	19.8%	-32.6%	15.9%	61.8%	24.2%	-
Adj EPS ⓘ	15.8	20.5	24.1	25.1	25.6	33.2	24.5	27.3	43.3	51.7	51.5
YoY Gr.	-	29.3%	17.4%	4.3%	2%	29.8%	-26.3%	11.6%	58.5%	19.5%	-
BVPS (₹) ⓘ	76.6	95.8	119.8	143.2	165.7	192.3	216.7	240.6	278.8	325.9	325.9
Adj Net Profit ⓘ	112	144	169	177	180	234	172	192	305	364	363
Cash Flow from Ops. ⓘ	103	137	152	143	171	208	139	164	297	376	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.9%	13.5%	32.6%	24.2%
Adj EPS ⓘ	14%	15.1%	28.3%	19.5%
BVPSⓘ	17.5%	14.5%	14.6%	16.9%
Share Price	15%	11.2%	16.1%	38.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	22.8	23.6	22.1	19	16.6	18.5	12	11.9	16.7	17.1	15.8
Op. Profit Mgn % ⓘ	71.2	72.3	70	71	64.6	64.5	63.6	65.4	67.3	62.7	62.9
Net Profit Mgn % ⓘ	57.4	55.2	55.4	58.2	50	54.2	59.2	57	55.8	53.7	53.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	48	77	106	109	89	99	213	206	127	108	127
Cash Conv. Cycle ⓘ	-30	-16	-48	-43	-7	-12	-7	4	-4	-4	91

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.80%

Sales growth is growing at healthy rate in last 3 years 32.57%

Net Profit is growing at healthy rate in last 3 years 28.33%

Sales growth is good in last 4 quarters at 24.89%

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Latest Financials - Nesco Ltd.

	Standalone	Consolidated
TTM EPS (₹)	51.5	48.6
TTM Sales (₹ Cr.)	678	646
BVPS (₹.) ⓘ	325.9	310.9
Reserves (₹ Cr.) ⓘ	2,282	2,176
P/BV ⓘ	2.81	2.94
PE ⓘ	17.78	18.83

From the Market
52 Week Low / High (₹)	616.85 / 1003.00
All Time Low / High (₹)	0.21 / 1003.00
Market Cap (₹ Cr.)	6,451
Equity (₹ Cr.)	14.1
Face Value (₹)	2
Industry PE ⓘ	68.5

Management X-Ray of NESCO:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of NESCO

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of NESCO

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	194	261	306	304	360	432	291	337	546	678
Operating Expenses ⓘ	56	73	92	88	128	153	106	121	199	255
Manufacturing Costs	9	23	31	27	35	45	22	31	63	81
Material Costs	9	12	16	10	24	19	17	26	36	59
Employee Cost	7	8	12	15	18	20	16	13	20	28
Other Costs ⓘ	31	29	33	35	51	70	51	51	80	87
Operating Profit ⓘ	138	188	214	216	233	278	185	216	347	423
Operating Profit Margin (%)	71.1%	72.1%	70.0%	71.0%	64.5%	64.5%	63.6%	64.1%	63.6%	62.4%
Other Income ⓘ	28	33	43	36	32	42	65	48	65	108
Interest ⓘ	0	4	5	6	5	6	8	9	12	14
Depreciation ⓘ	7	7	8	11	12	22	26	28	33	54
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	160	211	244	235	248	292	216	227	367	463
Tax ⓘ	48	67	74	58	68	58	44	37	76	100
Profit After Tax	112	144	169	177	180	234	172	189	291	363
PAT Margin (%)	57.4%	55.2%	55.4%	58.2%	50.0%	54.2%	59.3%	56.1%	53.2%	53.5%
Adjusted EPS (₹)	15.8	20.5	24.1	25.1	25.6	33.2	24.5	26.9	41.3	51.5
Dividend Payout Ratio (%)	8%	8%	9%	9%	10%	9%	12%	11%	11%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	540	681	851	1,009	1,168	1,355	1,526	1,695	1,965	2,297
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	526	667	837	995	1,154	1,341	1,512	1,681	1,950	2,282
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	5	9	22	9	11	15	11	9	14	15
Others Liabilities ⓘ	131	150	159	161	167	238	282	265	284	339
Total Liabilities ⓘ	676	841	1,032	1,179	1,346	1,607	1,819	1,969	2,263	2,650
Fixed Assets
Gross Block	215	171	202	111	113	122	123	218	207	211
Accumulated Depreciation	56	6	14	13	21	28	36	45	56	91
Net Fixed Assetsⓘ	159	165	188	98	92	94	87	174	151	121
CWIP ⓘ	100	143	262	357	509	2	51	82	86	162
Investmentsⓘ	384	442	482	499	531	673	810	847	1,161	1,494
Inventories	8	11	13	12	9	9	7	8	12	14
Trade Receivables	11	14	11	13	18	17	30	19	23	12
Cash Equivalents	5	6	5	7	4	10	6	7	18	28
Others Assetsⓘ	10	58	70	193	182	804	828	834	813	819
Total Assets ⓘ	676	841	1,032	1,179	1,346	1,607	1,819	1,969	2,263	2,650

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	103	137	152	143	171	208	139	164	297	376
PBT ⓘ	160	211	244	235	248	292	216	227	367	463
Adjustment ⓘ	-18	-23	-33	-20	-12	-78	-57	-23	0	-28
Changes in Working Capital ⓘ	9	10	10	-14	12	51	14	4	7	44
Tax Paid ⓘ	-48	-61	-68	-57	-76	-57	-35	-44	-76	-103
Cash Flow From Investing Activity ⓘ	-91	-110	-153	-123	-155	-157	-142	-142	-266	-333
Capex	-101	-56	-155	-137	-150	-57	-67	-149	-13	-104
Net Investments	-16	-13	-1	12	-6	-107	-99	-16	-290	-296
Others ⓘ	25	-41	3	2	1	7	24	23	38	67
Cash Flow From Financing Activityⓘ	-11	-25	0	-19	-20	-47	0	-21	-24	-33
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	-2	-1
Dividend Paid ⓘ	-11	-21	0	-16	-16	-39	0	-21	-21	-32
Others ⓘ	0	-4	0	-3	-3	-8	0	1	0	0
Net Cash Flow ⓘ	0	1	-1	2	-3	4	-3	1	8	10

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.82	23.73	22.31	19.07	16.56	18.54	11.97	11.75	15.88	17.03
ROCE (%)	32.69	35.35	32.75	25.97	23.19	23.65	15.59	14.63	20.72	22.39
Asset Turnover Ratio	0.32	0.35	0.33	0.28	0.29	0.29	0.17	0.18	0.26	0.28
PAT to CFO Conversion(x)	0.92	0.95	0.9	0.81	0.95	0.89	0.81	0.87	1.02	1.04
Working Capital Days
Receivable Days	20	17	15	15	16	15	29	26	14	9
Inventory Days	11	13	14	15	11	7	10	8	6	7
Payable Days	253	216	366	564	152	249	270	138	118	91

Nesco Ltd Stock News

Nesco Ltd FAQs

What is the share price of NESCO?

Company share prices are keep on changing according to the market conditions. The closing price of NESCO on 26-Jul-2024 16:01 is ₹919.8.

What is the market cap of NESCO?

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 26-Jul-2024 16:01 the market cap of NESCO stood at ₹6,450.6.

What is the P/E ratio of NESCO?

The latest P/E ratio of NESCO as of 26-Jul-2024 16:01 is 17.78.

What is the P/B ratio of NESCO?

The latest P/B ratio of NESCO as of 26-Jul-2024 16:01 is 2.81.

What is the 52-week high and low of NESCO?

The 52-week high of NESCO is ₹1,003 and the 52-week low is ₹616.9.

What is the TTM revenue of NESCO?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NESCO is ₹678.2 ( Cr.) .

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.