NESCO Limited (NESCO) AI Stock Analysis

• Market Cap: ₹87.32B
• Dividend Yield: 0.53%
• Average Volume (3M): 8.12K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 0.82
• Revenue Growth: 18.69%
• EPS Growth: 10.14%
• Country: IN
• Employees: 220
• Sector: Services
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): 16.88
• Shares Outstanding: 70,459,960
• 10 Day Avg. Volume: 2,795
• 30 Day Avg. Volume: 8,118
• PEG Ratio: 5.17
• Price to Book (P/B): 2.51
• Price to Sales (P/S): 9.01
• P/FCF Ratio: -19.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹1,484.00 ▲(19.74% Upside)

NESCO Limited's overall stock score reflects its strong financial performance and reasonable valuation. The company's robust revenue growth and profitability are significant strengths, although technical indicators suggest some short-term weakness. The lack of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and effective business strategies, enhancing long-term financial stability.

Profitability Margins

High profitability margins reflect strong cost control and pricing power, supporting sustainable earnings and competitive positioning.

Balance Sheet Health

A strong balance sheet with low leverage provides financial flexibility and reduces risk, supporting long-term growth initiatives.

Negative Factors

Free Cash Flow Decline

Reduced free cash flow can limit immediate financial flexibility, although it may support future growth if investments yield returns.

Cash and Short-term Investments

A decrease in cash reserves can impact liquidity, potentially challenging the company's ability to respond to unforeseen expenses.

Lack of Earnings Call Data

Absence of earnings call data limits transparency and investor insight into management's strategic direction and operational performance.

NESCO Limited Business Overview & Revenue Model

Company Description

Nesco Limited operates exhibition center and IT park in India. It operates through IT Park, Bombay Exhibition Center, Industrial Capital Goods Division, and Nesco Foods segments. The company is also involved in the operation of exhibition center that provides space and related infrastructure for exhibitions, conventions, and conferences, as well as convenes own exhibitions and events. In addition, it manufactures and sells shot blasting, shot peening, and other surface preparation equipment and systems; spares and abrasives for shot blasting, peening, etc.; and offers facility development and management services. Further, it invests in mutual funds, corporate deposits, non-convertible debentures, bonds, and preference shares; and operates non-flight kitchens, restaurants, food courts, and lounge bars, as well as provides food catering services. The company was formerly known as New Standard Engineering Co. Ltd. Nesco Limited was founded in 1939 and is based in Mumbai, India.

How the Company Makes Money

NESCO generates revenue through multiple key streams. Primarily, the company earns income from renting out its exhibition and convention spaces for various events, including trade shows, conferences, and exhibitions. This rental income constitutes a significant portion of its revenue. Additionally, NESCO derives earnings from its real estate ventures by developing and leasing commercial and residential properties. The company also offers facility management services, which contribute to its revenue. Strategic partnerships with event organizers and businesses seeking venue space further enhance its earning potential. Moreover, NESCO's ability to attract large-scale events boosts its visibility and profitability, especially in the competitive exhibition industry.

NESCO Limited Financial Statement Overview

Summary

NESCO Limited demonstrates strong financial performance with consistent revenue growth, robust profitability margins, and a healthy balance sheet. The company has low leverage and a strong equity base, although there is a slight concern over the decline in free cash flow due to capital expenditures.

Income Statement

NESCO Limited exhibits strong financial performance with consistent revenue growth and robust profitability margins. The gross profit margin is high, indicating efficient cost management. The net profit margin also remains healthy, showing strong bottom-line performance. Revenue growth rate is strong, especially in the latest fiscal year, indicating positive business momentum. EBIT and EBITDA margins are solid, showcasing operational efficiency.

Balance Sheet

The balance sheet is robust with a very low debt-to-equity ratio, highlighting financial stability and low leverage. The company has a strong equity ratio, indicating a solid capital structure with a majority of funding from equity. Return on equity is impressive, reflecting effective use of shareholders' funds to generate profits. However, the slight decrease in cash and short-term investments year-over-year could warrant attention.

Cash Flow

Operating cash flow is strong and growing, which is crucial for funding operations and investments. However, a decline in free cash flow in the most recent fiscal year due to significant capital expenditures is a concern, even though it suggests potential growth investments. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to reported earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.84B	7.32B	6.78B	5.46B	3.37B	2.91B
Gross Profit	6.38B	5.80B	6.17B	4.23B	2.42B	2.14B
EBITDA	5.74B	5.51B	5.31B	3.80B	2.55B	2.42B
Net Income	4.02B	3.75B	3.63B	2.91B	1.89B	1.72B
Balance Sheet
Total Assets	0.00	30.16B	26.50B	22.63B	19.72B	18.22B
Cash, Cash Equivalents and Short-Term Investments	0.00	2.66B	3.52B	4.09B	2.05B	1.32B
Total Debt	0.00	9.70M	2.59M	4.45M	5.99M	0.00
Total Liabilities	-26.29B	3.86B	3.54B	2.98B	2.74B	2.93B
Stockholders Equity	26.29B	26.29B	22.97B	19.65B	16.98B	15.29B
Cash Flow
Free Cash Flow	0.00	-3.40B	2.72B	2.84B	145.04M	721.24M
Operating Cash Flow	0.00	4.43B	3.76B	2.97B	1.63B	1.30B
Investing Cash Flow	0.00	-4.10B	-3.33B	-2.65B	-1.42B	-1.33B
Financing Cash Flow	0.00	-415.65M	-325.23M	-236.71M	-206.54M	-1.66M

NESCO Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1239.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NESCO, the sentiment is Neutral. The current price of 1239.35 is below the 20-day moving average (MA) of 1244.33, below the 50-day MA of 1293.59, and above the 200-day MA of 1176.44, indicating a neutral trend. The MACD of -18.04 indicates Negative momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 58.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NESCO.

NESCO Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICRA	72 Outperform	₹58.73B	31.14	―	0.99%	8.06%	24.52%
WELENT	70 Outperform	₹70.62B	20.17	―	0.59%	9.11%	16.30%
NESCO	69 Neutral	₹87.32B	21.11	―	0.53%	18.69%	10.14%
AHLUCONT	68 Neutral	₹65.34B	24.88	―	0.06%	5.56%	-22.59%
IONEXCHANG	60 Neutral	₹54.97B	21.15	―	0.40%	11.56%	-2.78%
MHRIL	57 Neutral	₹62.43B	46.62	―	―	4.25%	17.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

NESCO Limited Corporate Events

Nesco Limited Revises Project Scope on Bengaluru Chennai Expressway

Nesco Limited announced a revision in its project with National Highways Logistics Management Limited (NHLML) regarding the development of wayside amenities on the Bengaluru Chennai Expressway Corridor. Due to feasibility challenges, Nesco has surrendered two of the three initially awarded sites, with NHLML accepting this decision. The company will now focus on developing one site, with an estimated development cost of Rs. 75 crores and expected annual revenue of Rs. 115 crores from the fourth year of operations. The annual lease rent for this site is set at Rs. 5.53 crores, subject to annual revisions based on WPI and CPI. There are no financial penalties imposed on Nesco for surrendering the two sites.