Nesco Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
621.85 1.65 (0.27%)

DeciZen - Make an Informed Decision on NESCO

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

NESCO Price Chart

P/E Ratio (SA) :
18.37
Market Cap :
4,381.6 Cr.
52-wk low :
501.1
52-wk high :
686.4
Bole Toh?

1. Is Nesco Ltd a good quality company?

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

2. Is Nesco Ltd 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.

3. Is Nesco Ltd 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.

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
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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 25%20.5%22.8%24.1%22.6%19.4%16.9%18.9%12.4%12.3%-
Value Creation Index 0.80.50.60.70.60.40.20.4-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 143161194261306304360432291337430
YoY Gr. Rt. %-12.3%20.7%34.4%17%-0.7%18.7%19.8%-32.6%15.9%-
Adj EPS 11.611.715.820.524.125.125.633.224.527.333.9
YoY Gr. Rt. %-1%35.4%29.3%17.4%4.3%2%29.8%-26.3%11.6%-
BVPS (₹) 5262.376.695.8119.8143.2165.7192.3216.7240.6256.8
Adj Net Profit 81.682.5112144169177180234172192239
Cash Flow from Ops. 55.4117103137152143171208139164-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%2%-2.2%15.9%
Adj EPS 10%2.6%2.2%11.6%
BVPS 18.61513.211
Share Price 16.1% 3.2% 0.5% 4.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 24.920.522.823.622.11916.618.51211.913.6
Op. Profit Mgn % 70.468.171.272.3707164.664.563.665.467.7
Net Profit Mgn % 56.951.257.455.255.458.25054.259.25755.4
Debt to Equity 00000000000
Working Cap Days 545348771051098999213206153
Cash Conv. Cycle -38-30-30-16-48-50-10-14-7471

Recent Performance Summary

Sales growth is good in last 4 quarters at 38.31%

Return on Equity has declined versus last 3 years average to 13.60%

Sales growth has been subdued in last 3 years -2.17%

Net Profit has been subdued in last 3 years 2.18%

Latest Financials - Nesco Ltd.

Standalone Consolidated
TTM EPS (₹) 33.9 33.8
TTM Sales (₹ Cr.) 430 430
BVPS (₹.) 256.8 257.2
Reserves (₹ Cr.) 1,795 1,798
P/BV 2.42 2.43
PE 18.37 18.48
From the Market
52 Week Low / High (₹) 501.10 / 686.40
All Time Low / High (₹) 0.21 / 816.90
Market Cap (₹ Cr.) 4,382
Equity (₹ Cr.) 14.1
Face Value (₹) 2
Industry PE 21.8

Management X-Ray of NESCO :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of NESCO

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Nesco Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NESCO on 25-Nov-2022 18:01 is : 621.9.
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 25-Nov-2022 18:01 the market cap of NESCO stood at ₹ 4,381.6.
The latest PE ratio of NESCO as of 25-Nov-2022 18:01 is 18.37.
The latest PB ratio of NESCO as of 25-Nov-2022 18:01 is 2.42
The 52-week high of NESCO is ₹ 686.4 and the 52-week low is ₹ 501.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of NESCO is ₹ 430.4 ( 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.
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