NESCO Limited (IN:NESCO)
:NESCO
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NESCO Limited
(NESCO)
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Rating:72Outperform
Price Target:
₹1,209.00
▼(-2.97% Downside)
Action:Upgraded
Date:05/28/26
The score is driven primarily by strong financial performance (growth, profitability, and historically conservative balance sheet), partially offset by free-cash-flow volatility and higher FY2026 debt. Technical signals are mixed/neutral, and valuation is reasonable but not strongly supported by yield.
Positive Factors
Diversified, annuity-like revenue mix
NESCO’s mix of long‑dated office leases and the Bombay Exhibition Centre creates recurring, annuity‑like rental and venue revenues, while catering and engineering businesses add diversification. This reduces reliance on any single demand cycle and supports predictable cash flows over multi-year horizons.
Negative Factors
Volatile free cash flow
Irregular free cash flow reduces predictability for capital allocation. Large FY2025 outflow suggests episodic capex or working‑capital swings that can constrain dividends, buybacks or opportunistic investments and raises execution risk over the medium term absent clearer cash conversion drivers.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified, annuity-like revenue mix
NESCO’s mix of long‑dated office leases and the Bombay Exhibition Centre creates recurring, annuity‑like rental and venue revenues, while catering and engineering businesses add diversification. This reduces reliance on any single demand cycle and supports predictable cash flows over multi-year horizons.
Read all positive factors
NESCO Limited (NESCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹78.87B
Dividend Yield0.52%
Average Volume (3M)8.12K
Price to Earnings (P/E)19.0
Beta (1Y)0.88
Revenue Growth27.33%
EPS Growth10.01%
CountryIN
Employees220
SectorServices
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)58.69
Shares Outstanding70,459,960
10 Day Avg. Volume2,795
30 Day Avg. Volume8,118
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)2.38
Price to Sales (P/S)7.67
P/FCF Ratio109.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)67.7
Revenue Forecast (FY)₹10.21B
NESCO Limited Business Overview & Revenue Model
Company Description
Nesco Limited, an Indian conglomerate headquartered in Mumbai and established in 1939 (originally known as New Standard Engineering Co. Ltd.), oversees a diverse portfolio of operations centered around an IT park and a prominent exhibition center....
How the Company Makes Money
NESCO primarily makes money through (1) rental and lease income from its commercial real estate, and (2) venue and event-related income from the Bombay Exhibition Centre, supplemented by (3) hospitality/catering revenue tied to events and (4) sale...
NESCO Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.31B | 9.32B | 7.32B | 6.78B | 5.46B | 3.37B |
| Gross Profit | 6.95B | 8.02B | 5.80B | 6.17B | 4.23B | 2.42B |
| EBITDA | 5.82B | 5.90B | 5.51B | 5.31B | 3.80B | 2.55B |
| Net Income | 4.14B | 4.13B | 3.75B | 3.63B | 2.91B | 1.89B |
Balance Sheet | ||||||
| Total Assets | 33.53B | 36.89B | 30.16B | 26.50B | 22.63B | 19.72B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83B | 3.84B | 2.66B | 3.52B | 4.09B | 2.05B |
| Total Debt | 1.09B | 2.72B | 9.70M | 2.59M | 4.45M | 5.99M |
| Total Liabilities | 5.54B | 6.92B | 3.86B | 3.54B | 2.98B | 2.74B |
| Stockholders Equity | 27.99B | 29.96B | 26.29B | 22.97B | 19.65B | 16.98B |
Cash Flow | ||||||
| Free Cash Flow | 719.50M | 655.10M | -3.40B | 2.72B | 2.84B | 145.04M |
| Operating Cash Flow | 2.17B | 3.88B | 4.43B | 3.76B | 2.97B | 1.63B |
| Investing Cash Flow | -2.80B | -6.10B | -4.10B | -3.33B | -2.65B | -1.42B |
| Financing Cash Flow | 619.20M | 2.22B | -415.65M | -325.23M | -236.71M | -206.54M |
NESCO Limited Technical Analysis
Negative
1246.00
Price Trends
1185.93
Negative
1149.90
Negative
1239.42
Negative
Market Momentum
-31.76
Positive
41.81
Neutral
32.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NESCO, the sentiment is Negative. The current price of 1246 is above the 20-day moving average (MA) of 1163.55, above the 50-day MA of 1185.93, and above the 200-day MA of 1239.42, indicating a bearish trend. The MACD of -31.76 indicates Positive momentum. The RSI at 41.81 is Neutral, neither overbought nor oversold. The STOCH value of 32.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NESCO.
NESCO Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹30.99B | 11.28 | ― | 4.74% | 8.00% | 4.05% | |
72 Outperform | ₹78.87B | 19.05 | ― | 0.52% | 27.33% | 10.01% | |
67 Neutral | ₹174.00B | 21.98 | ― | 2.09% | 7.72% | -26.50% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹357.64B | 28.57 | ― | ― | 13.12% | 26.38% | |
45 Neutral | ₹1.21B | -112.76 | ― | ― | -46.44% | 226.53% | |
39 Underperform | ₹5.92B | -0.51 | ― | ― | -48.69% | 53.34% |
* Services Sector Average
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NESCO Limited Corporate Events
Nesco Defends Safety Protocols After Fatal Incident at Event Venue
Apr 15, 2026
Nesco Limited has issued a statement following a recent incident at one of its event venues that resulted in fatalities and an individual undergoing treatment, extending condolences to the affected families and affirming that visitor safety remain...
Nesco Discloses Arrest of Senior Executive After Incident at Mumbai Exhibition Center
Apr 13, 2026
Nesco Limited has disclosed that its Vice President for Events and Exhibitions, classified as senior managerial personnel, was taken into police custody on April 13, 2026, following an unfortunate incident during an event held at the Nesco Exhibit...
Nesco files SEBI demat compliance certificate for March quarter
Apr 7, 2026
Nesco Limited has disclosed that it has received a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The certificate, issued by its registrar and share ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.