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Last Updated: April 2, 2026, 3:24 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505355 | NSE: NESCO

NESCO Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹908.85Overvalued by 12.86%vs CMP ₹1,043.00

P/E (18.0) × ROE (15.8%) × BV (₹397.00) × DY (0.62%)

₹731.16Overvalued by 29.90%vs CMP ₹1,043.00
MoS: -42.7% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,060.0623%Fair (+1.6%)
Graham NumberEarnings₹719.5317%Over (-31%)
Earnings PowerEarnings₹401.8311%Over (-61.5%)
DCFCash Flow₹1,233.8011%Under (+18.3%)
Net Asset ValueAssets₹397.197%Over (-61.9%)
EV/EBITDAEnterprise₹676.899%Over (-35.1%)
Earnings YieldEarnings₹579.607%Over (-44.4%)
ROCE CapitalReturns₹454.437%Over (-56.4%)
Revenue MultipleRevenue₹155.816%Over (-85.1%)
Consensus (9 models)₹731.16100%Overvalued
Key Drivers: Wide model spread (₹156–₹1,234) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.6%

*Investments are subject to market risks

Investment Snapshot

68
NESCO Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 21.1% ExcellentROE 15.8% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.59% MF buyingPromoter holding at 68.5% Stable
Earnings Quality50/100 · Moderate
OPM contracting (66% → 62%) DecliningWorking capital: -23 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): +20% YoY GrowingProfit (4Q): +4% YoY PositiveOPM: 51.0% (down 10.0% YoY) Margin pressure
Industry Rank75/100 · Strong
P/E 18.0 vs industry 27.0 Cheaper than peersROCE 21.1% vs industry 22.0% Average3Y sales CAGR: 30% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:24 am

Market Cap 7,350 Cr.
Current Price 1,043
Intrinsic Value₹731.16
High / Low 1,639/875
Stock P/E18.0
Book Value 397
Dividend Yield0.62 %
ROCE21.1 %
ROE15.8 %
Face Value 2.00
PEG Ratio1.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for NESCO Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
NESCO Ltd 7,350 Cr. 1,043 1,639/87518.0 3970.62 %21.1 %15.8 % 2.00
Balmer Lawrie & Company Ltd 2,710 Cr. 158 238/14810.1 1145.36 %14.8 %14.0 % 10.0
DCM Shriram Ltd 17,963 Cr. 1,152 1,502/94525.7 4630.78 %11.4 %8.66 % 2.00
3M India Ltd 33,128 Cr. 29,395 38,300/26,80054.2 1,9060.54 %40.5 %30.5 % 10.0
Industry Average15,287.75 Cr7,937.0027.00720.001.83%21.95%17.24%6.00

All Competitor Stocks of NESCO Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 143157137175178189141192207192193239248
Expenses 6158506664725573818583103122
Operating Profit 82998610911411786120125107110136126
OPM % 57%63%63%62%64%62%61%62%61%56%57%57%51%
Other Income 19202523273130333120282426
Interest 3235603621458
Depreciation 891414141212121313111213
Profit before tax 9010994112121136100135142112124143132
Tax % 22%22%19%22%23%23%31%21%22%21%22%17%21%
Net Profit 7085768894105701071108996119105
EPS in Rs 9.9512.0510.8012.4613.3114.929.9015.1715.6012.5813.6516.8814.85

Last Updated: February 4, 2026, 8:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:02 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 161194261306304360432291337546678732872
Expenses 5156739288128153105117178252294393
Operating Profit 110138189214216233278186221368426438479
OPM % 68%71%72%70%71%65%64%64%65%67%63%60%55%
Other Income 1828334336324265434410511499
Interest 00456568912141218
Depreciation 11778111222262833545049
Profit before tax 117160211244235248292216227367463489511
Tax % 31%30%32%30%25%27%20%20%16%21%22%23%
Net Profit 81112144169177180234172189291363375408
EPS in Rs 11.4915.8320.4524.0325.0825.5733.1824.4826.8541.2551.4953.2557.96
Dividend Payout % 9%8%8%9%9%10%9%12%11%11%12%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)38.27%28.57%17.36%4.73%1.69%30.00%-26.50%9.88%53.97%24.74%3.31%
Change in YoY Net Profit Growth (%)0.00%-9.70%-11.21%-12.63%-3.04%28.31%-56.50%36.38%44.08%-29.23%-21.44%

NESCO Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:11%
3 Years:29%
TTM:15%
Compounded Profit Growth
10 Years:15%
5 Years:11%
3 Years:26%
TTM:13%
Stock Price CAGR
10 Years:18%
5 Years:22%
3 Years:37%
1 Year:52%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:17%
Last Year:16%

Last Updated: September 5, 2025, 11:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14141414141414141414141414
Reserves 4255266678379951,1541,3411,5121,6811,9502,2822,6152,785
Borrowings 000000001001110
Other Liabilities 122137159181170178252293273298354385445
Total Liabilities 5616768401,0321,1791,3461,6071,8191,9692,2632,6503,0163,353
Fixed Assets 1601591651882292137767598468047579161,034
CWIP 51001432623575092518286162753761
Investments 3683844424824995316728108471,1611,4941,1361,322
Other Assets 283390999493157199194212237211237
Total Assets 5616768401,0321,1791,3461,6071,8191,9692,2632,6503,0163,353

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 117103137152143171208139164297377349
Cash from Investing Activity + -107-91-110-153-123-155-157-142-142-266-334-315
Cash from Financing Activity + -8-11-25-0-19-20-47-0-21-24-33-42
Net Cash Flow 201-12-34-31810-8
Free Cash Flow 104237-36211517215284272-435
CFO/OP 140%109%105%103%93%106%95%93%94%102%113%107%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow110.00138.00189.00214.00216.00233.00278.00186.00220.00368.00426.00437.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2520201316181437201578
Inventory Days 1843131391581071198356
Days Payable 3125191662271251479363
Cash Conversion Cycle -1022020-19316-814-322-12-40
Working Capital Days -55-39-18-23-112-53-37-5522-21-23
ROCE %25%29%35%32%26%23%24%16%15%22%22%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%
FIIs 2.30%2.09%2.79%3.02%3.50%3.87%3.95%4.91%4.90%4.89%4.89%4.65%
DIIs 3.91%3.81%4.07%4.14%3.99%3.89%4.06%3.36%3.19%3.06%3.97%3.78%
Public 25.24%25.55%24.60%24.29%23.97%23.70%23.45%23.18%23.38%23.52%22.60%23.02%
No. of Shareholders 37,63137,52536,25145,87146,79645,04744,22243,44843,89743,33644,93847,254

Shareholding Pattern Chart

No. of Shareholders

NESCO Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund 671,080 0.51 76.48N/AN/AN/A
UTI Small Cap Fund 527,287 1.32 60.09511,2872026-02-22 06:38:153.13%
HSBC Multi Cap Fund 262,593 0.58 29.93243,6492026-02-22 06:38:157.78%
Parag Parikh Dynamic Asset Allocation Fund 227,506 0.96 25.93N/AN/AN/A
Parag Parikh Flexi Cap Fund 151,687 0.01 17.29N/AN/AN/A
ICICI Prudential Childrens Fund 23,111 0.19 2.63N/AN/AN/A
Parag Parikh ELSS Tax Saver Fund 15,060 0.03 1.72N/AN/AN/A
Taurus Infrastructure Fund 815 1.06 0.094252025-12-15 00:48:2491.76%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 53.2551.4941.2526.8524.48
Diluted EPS (Rs.) 53.2551.4941.2526.8524.48
Cash EPS (Rs.) 60.3459.1845.9030.8728.13
Book Value[Excl.RevalReserv]/Share (Rs.) 373.18325.93278.82240.95217.04
Book Value[Incl.RevalReserv]/Share (Rs.) 373.18325.93278.82240.95217.04
Revenue From Operations / Share (Rs.) 103.8996.2577.4947.8841.31
PBDIT / Share (Rs.) 78.2675.3958.4737.4735.52
PBIT / Share (Rs.) 71.1767.7053.8133.4531.87
PBT / Share (Rs.) 69.4265.7152.0832.1430.70
Net Profit / Share (Rs.) 53.2551.4941.2526.8524.48
NP After MI And SOA / Share (Rs.) 53.2551.4941.2526.8524.48
PBDIT Margin (%) 75.3278.3275.4578.2485.96
PBIT Margin (%) 68.5070.3469.4469.8577.13
PBT Margin (%) 66.8268.2667.2167.1174.30
Net Profit Margin (%) 51.2553.4953.2256.0659.24
NP After MI And SOA Margin (%) 51.2553.4953.2256.0659.24
Return on Networth / Equity (%) 14.2615.7914.7911.1411.27
Return on Capital Employeed (%) 17.4719.0817.6312.4313.21
Return On Assets (%) 12.4413.6812.849.599.46
Asset Turnover Ratio (%) 0.250.270.250.170.16
Current Ratio (X) 2.503.124.703.731.73
Quick Ratio (X) 2.433.034.593.631.67
Inventory Turnover Ratio (X) 61.0553.633.893.401.95
Dividend Payout Ratio (NP) (%) 11.268.737.2711.170.00
Dividend Payout Ratio (CP) (%) 9.947.606.539.710.00
Earning Retention Ratio (%) 88.7491.2792.7388.830.00
Cash Earning Retention Ratio (%) 90.0692.4093.4790.290.00
Interest Coverage Ratio (X) 44.7737.8033.7428.6330.45
Interest Coverage Ratio (Post Tax) (X) 31.4626.8124.8021.5221.98
Enterprise Value (Cr.) 6410.755816.053626.033885.863706.85
EV / Net Operating Revenue (X) 8.768.586.6411.5212.73
EV / EBITDA (X) 11.6310.958.8014.7214.81
MarketCap / Net Operating Revenue (X) 8.788.626.6711.5512.77
Retention Ratios (%) 88.7391.2692.7288.820.00
Price / BV (X) 2.452.541.852.292.43
Price / Net Operating Revenue (X) 8.788.626.6711.5512.77
EarningsYield 0.050.060.070.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nesco Ltd. is a Public Limited Listed company incorporated on 15/04/1946 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L17100MH1946PLC004886 and registration number is 004886. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 732.01 Cr. and Equity Capital is Rs. 14.09 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
DiversifiedNesco Center, Western Express Highway, Mumbai Maharashtra 400063Contact not found
Management
NamePosition Held
Mr. Krishna S PatelChairman & Managing Director
Mrs. Sudha S PatelNon Exe.Non Ind.Director
Ms. Amrita V ChowdhuryIndependent Director
Mr. Arun L TodarwalIndependent Director
Dr. Ramakrishnan RamamurthiIndependent Director
Mr. Manish I PanchalIndependent Director

FAQ

What is the intrinsic value of NESCO Ltd and is it undervalued?

As of 15 April 2026, NESCO Ltd's intrinsic value is ₹731.16, which is 29.90% lower than the current market price of ₹1,043.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.8 %), book value (₹397), dividend yield (0.62 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of NESCO Ltd?

NESCO Ltd is trading at ₹1,043.00 as of 15 April 2026, with a FY2026-2027 high of ₹1,639 and low of ₹875. The stock is currently near its 52-week low. Market cap stands at ₹7,350 Cr..

How does NESCO Ltd's P/E ratio compare to its industry?

NESCO Ltd has a P/E ratio of 18.0, which is below the industry average of 27.00. This is broadly in line with or below the industry average.

Is NESCO Ltd financially healthy?

Key indicators for NESCO Ltd: ROCE of 21.1 % indicates efficient capital utilization; ROE of 15.8 % shows strong shareholder returns. Dividend yield is 0.62 %.

Is NESCO Ltd profitable and how is the profit trend?

NESCO Ltd reported a net profit of ₹375 Cr in Mar 2025 on revenue of ₹732 Cr. Compared to ₹189 Cr in Mar 2022, the net profit shows an improving trend.

Does NESCO Ltd pay dividends?

NESCO Ltd has a dividend yield of 0.62 % at the current price of ₹1,043.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NESCO Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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