NESCO

Nesco Limited

Mumbai exhibition-centre and commercial-property landlord on the Western Express Highway

Services›Services›Commercial Services & Supplies›Diversified Commercial Services

nesco.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1050.60
Market cap
7,401 Cr
Stock P/E
17.8
P/B
2.47
Dividend yield
0.6%
ROE (FY26)
13.8%
ROCE (FY26)
18.0%
Operating margin (FY26)
47.3%
OCF / EBITDA (FY26)
79.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nesco is a Mumbai company that earns most of its profit from leasing office space in its IT Park and from hosting trade shows at the Bombay Exhibition Center, both on its Goregaon (East) campus.

Company snapshot

4thBy market cap

Ranked among 36 companies in Diversified Commercial Services.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 45.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Bombay Exhibition Center
32.5%
67 Cr34 Cr302 Cr
Foods
16.6%
34 Cr6 Cr52 Cr
Income from investments/other income
15.2%
31 Cr0 Cr0 Cr
Indabrator
5.9%
12 Cr1 Cr43 Cr
Realtyt
45.0%
93 Cr79 Cr871 Cr

Shares add up to 115% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 44.3% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2022Dec 2022Mar 2023Jun 2023Sept 2023Dec 2023Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales143 Cr143 Cr157 Cr137 Cr175 Cr178 Cr192 Cr193 Cr239 Cr248 Cr252 Cr212 Cr
Operating expenses (approx.)42 Cr61 Cr58 Cr51 Cr66 Cr64 Cr85 Cr83 Cr103 Cr122 Cr134 Cr109 Cr
EBITDA101 Cr82 Cr99 Cr86 Cr109 Cr114 Cr107 Cr110 Cr136 Cr126 Cr118 Cr102 Cr
OPM %70.7%57.3%63.2%63.0%62.3%64.0%55.6%57.1%56.9%50.8%46.9%48.3%
Other income16 Cr19 Cr20 Cr25 Cr23 Cr27 Cr20 Cr28 Cr24 Cr27 Cr21 Cr44 Cr
Interest5 Cr3 Cr2 Cr3 Cr5 Cr6 Cr1 Cr4 Cr5 Cr8 Cr8 Cr7 Cr
Depreciation8 Cr8 Cr9 Cr14 Cr14 Cr14 Cr13 Cr11 Cr12 Cr13 Cr14 Cr12 Cr
Profit before tax104 Cr90 Cr109 Cr94 Cr112 Cr121 Cr112 Cr124 Cr143 Cr132 Cr116 Cr127 Cr
Tax %21.6%22.3%22.1%18.7%21.9%22.5%20.8%22.4%17.1%20.6%20.1%21.3%
Net profit82 Cr70 Cr85 Cr76 Cr88 Cr94 Cr89 Cr96 Cr119 Cr105 Cr93 Cr100 Cr
EPS (₹)₹11.62₹9.95₹12.06₹10.80₹12.46₹13.30₹12.58₹13.64₹16.88₹14.85₹13.21₹14.19

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026TTM
Sales314 Cr322 Cr360 Cr432 Cr291 Cr337 Cr546 Cr732 Cr932 CrSign in free for the trailing twelve months
Operating expenses (approx.)100 Cr103 Cr128 Cr154 Cr105 Cr118 Cr197 Cr294 Cr442 CrSign in free for the trailing twelve months
EBITDA215 Cr218 Cr231 Cr278 Cr186 Cr219 Cr349 Cr438 Cr490 CrSign in free for the trailing twelve months
OPM %68.3%67.9%64.4%64.4%63.8%64.9%63.9%59.8%52.6%Sign in free for the trailing twelve months
Other income43 Cr36 Cr33 Cr43 Cr65 Cr45 Cr63 Cr114 Cr100 CrSign in free for the trailing twelve months
Interest5 Cr6 Cr5 Cr6 Cr8 Cr9 Cr12 Cr12 Cr25 CrSign in free for the trailing twelve months
Depreciation8 Cr11 Cr12 Cr22 Cr26 Cr28 Cr33 Cr50 Cr49 CrSign in free for the trailing twelve months
Profit before tax244 Cr238 Cr248 Cr292 Cr216 Cr226 Cr367 Cr489 Cr516 CrSign in free for the trailing twelve months
Tax %30.5%24.9%27.2%20.0%20.3%16.5%20.8%23.3%20.0%Sign in free for the trailing twelve months
Net profit170 Cr179 Cr180 Cr234 Cr172 Cr189 Cr291 Cr375 Cr413 CrSign in free for the trailing twelve months
EPS (₹)₹24.12₹25.36₹25.61₹33.19₹24.48₹26.85₹41.25₹53.25₹58.58Sign in free for the trailing twelve months
Dividend payout %————0.0%11.2%7.3%11.3%11.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves837 Cr997 Cr1,156 Cr1,343 Cr1,515 Cr1,684 Cr1,951 Cr2,615 Cr2,982 Cr
Borrowings———15 Cr—————
Other liabilities182 Cr167 Cr178 Cr238 Cr293 Cr274 Cr298 Cr386 Cr693 Cr
Total liabilities1,033 Cr1,178 Cr1,349 Cr1,610 Cr1,822 Cr1,972 Cr2,263 Cr3,016 Cr3,689 Cr
Fixed assets (net)188 Cr229 Cr92 Cr91 Cr85 Cr172 Cr150 Cr298 Cr577 Cr
CWIP262 Cr356 Cr507 Cr1 Cr51 Cr82 Cr85 Cr753 Cr763 Cr
Investments482 Cr499 Cr652 Cr1,355 Cr1,482 Cr1,519 Cr1,814 Cr1,753 Cr2,116 Cr
Loans & advances——9 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories13 Cr12 Cr9 Cr9 Cr7 Cr8 Cr12 Cr10 Cr13 Cr
Trade receivables12 Cr14 Cr18 Cr16 Cr30 Cr19 Cr23 Cr16 Cr19 Cr
Cash & bank5 Cr9 Cr5 Cr10 Cr7 Cr7 Cr12 Cr14 Cr14 Cr
Other assets71 Cr59 Cr56 Cr128 Cr161 Cr166 Cr168 Cr172 Cr185 Cr
Total assets1,033 Cr1,178 Cr1,349 Cr1,610 Cr1,822 Cr1,972 Cr2,263 Cr3,016 Cr3,689 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
Cash from operating activity153 Cr146 Cr171 Cr209 Cr130 Cr163 Cr297 Cr349 Cr388 Cr
Cash from investing-153 Cr-123 Cr-155 Cr-158 Cr-133 Cr-142 Cr-265 Cr-315 Cr-610 Cr
Cash from financing-0.10 Cr-19 Cr-20 Cr-47 Cr-0.17 Cr-21 Cr-24 Cr-42 Cr222 Cr
Net cash flow-0.43 Cr4 Cr-4 Cr4 Cr-3 Cr0.16 Cr8 Cr-8 Cr0.39 Cr
Free cash flow (OCF − Capex)-3 Cr9 Cr21 Cr152 Cr72 Cr163 Cr288 Cr-436 Cr66 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
ROCE %29.3%24.1%21.6%21.7%14.7%13.9%19.3%19.1%18.0%
ROE %20.0%17.7%15.4%17.2%11.3%11.1%14.8%14.3%13.8%
Debtor days1416181437201588
Inventory days2732351441781731081145836
Days payable46635317202481281406642
Cash conversion cycle-179-102-9192-380-11-01
OCF / EBITDA %71.1%66.9%73.8%75.2%69.9%74.5%85.1%79.7%79.1%
OCF / EBITDA % (3 years)——70.7%72.3%73.3%73.5%78.3%——
Debt / equity———0.01———0.00—
Current ratio1.930.980.781.101.733.734.702.502.63
Net debt / EBITDA-0.02—-0.020.02-0.04-0.03-0.03-0.03-0.03