Want to see IN:NESCO full AI Analyst Report?
Top Page
NESCO Limited
(NESCO)
Select Model
Select Model
Rating:68Neutral
Price Target:
₹1,109.00
▲(10.00% Upside)
Action:Downgraded
Date:08/28/26
The score is driven primarily by strong fundamental performance (growth, profitability, and historically low leverage), partially offset by cash-flow volatility and a notable uptick in debt. Technical conditions are the main drag as the stock trades below key moving averages with bearish momentum signals, while valuation appears broadly reasonable but not compelling given the low dividend yield.
Positive Factors
Sustained Revenue Growth
Strong multi-year revenue expansion indicates increasing utilization of NESCO's exhibition infrastructure and commercial assets. Continued growth provides a durable base for operating leverage and supports further earnings development.
Negative Factors
Volatile Free Cash Flow
Uneven free-cash-flow conversion reduces visibility into funds available for reinvestment, dividends or debt reduction. Volatility may reflect changing capital expenditure or working-capital needs and can complicate long-term financial planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Strong multi-year revenue expansion indicates increasing utilization of NESCO's exhibition infrastructure and commercial assets. Continued growth provides a durable base for operating leverage and supports further earnings development.
Read all positive factors
NESCO Limited (NESCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹73.84B
Dividend Yield0.67%
Average Volume (3M)3.10K
Price to Earnings (P/E)17.7
Beta (1Y)0.94
Revenue Growth21.24%
EPS Growth3.73%
CountryIN
Employees220
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)59.13
Shares Outstanding70,459,960
10 Day Avg. Volume5,399
30 Day Avg. Volume3,096
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)52.4
Revenue Forecast (FY)₹9.78B
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 rental and service income linked to its owned real-estate assets and event infrastructure. (1) Exhibition and convention rentals: The company charges customers (event organizers, corporates, associations and exh...
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 | 9.51B | 9.32B | 7.32B | 6.78B | 5.46B | 3.37B |
| Gross Profit | 7.58B | 8.02B | 5.80B | 6.17B | 4.23B | 2.42B |
| EBITDA | 5.54B | 5.90B | 5.51B | 5.31B | 3.80B | 2.55B |
| Net Income | 4.17B | 4.13B | 3.75B | 3.63B | 2.91B | 1.89B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 36.89B | 30.16B | 26.50B | 22.63B | 19.72B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 3.84B | 2.66B | 3.52B | 4.09B | 2.05B |
| Total Debt | 0.00 | 2.72B | 9.70M | 2.59M | 4.45M | 5.99M |
| Total Liabilities | -29.96B | 6.92B | 3.86B | 3.54B | 2.98B | 2.74B |
| Stockholders Equity | 29.96B | 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
Neutral
1008.15
Price Trends
1060.82
Negative
1120.17
Negative
1139.14
Negative
Market Momentum
-5.38
Negative
50.81
Neutral
22.55
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 1008.15 is below the 20-day moving average (MA) of 1038.40, below the 50-day MA of 1060.82, and below the 200-day MA of 1139.14, indicating a neutral trend. The MACD of -5.38 indicates Negative momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 22.55 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹30.46B | 10.90 | ― | 7.15% | 8.87% | 2.96% | |
68 Neutral | ₹73.84B | 17.72 | ― | 0.67% | 21.24% | 3.73% | |
67 Neutral | ₹158.51B | 20.99 | ― | 1.52% | 8.98% | -26.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹391.57B | 33.34 | ― | 0.26% | 16.89% | 16.60% | |
42 Neutral | ₹902.84M | 55.74 | ― | 2.20% | -92.01% | 1725.00% |
* General Sector Average
IN:NESCO
NESCO Limited
1,048.00
-475.58
-31.21%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
178.15
-37.41
-17.35%
IN:EXCEL
Excel Realty N Infra Ltd
0.64
-0.90
-58.44%
IN:GODREJIND
Godrej Industries Limited
1,162.45
-44.55
-3.69%
IN:NAVA
Nava Limited
559.50
-118.85
-17.52%
NESCO Limited Corporate Events
Exchange Seeks Clarification from Nesco on June 2026 Quarterly Results
Aug 11, 2026
Nesco Limited has been asked by the stock exchange to provide clarification for its financial results for the quarter ended 30 June 2026 under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements framework. The company’s...
Nesco Publishes Transcript of 67th Virtual Annual General Meeting
Aug 3, 2026
Nesco Limited has released the official transcript of its 67th Annual General Meeting, which was held on 27 July 2026 at 3:30 p.m. via video conference. The company has made the transcript available to shareholders and the public through its websi...
Exchange Seeks Clarification from Nesco on March 2026 Quarterly Results
Jun 29, 2026
The stock exchange has requested Nesco Limited to provide clarification for its financial results for the quarter ended 31 March 2026 in relation to compliance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements. The com...
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.