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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NESCO Ltd

About the Company - NESCO Ltd

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 belongs to the Industry of Services - Others. Company’s Total Operating Revenue is Rs. 337.40 Cr. and Equity Capital is Rs. 14.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Services - OthersNesco Complex, Mumbai Maharashtra 400063companysecretary@nesco.in
http://www.nesco.in
Management
NamePosition Held
Mr. Krishna S PatelChairman & Managing Director
Mrs. Sudha S PatelNon Executive Director
Mr. Manu M ParpiaIndependent Director
Mrs. Amrita Verma ChowdhuryIndependent Director
Mr. Mahendra K ChouhanIndependent Director
Mr. Jai S DiwanjiIndependent Director
Mr. K S Srinivasa MurtyIndependent Director

Nesco Ltd. Share Price Update

Share PriceValue
Today₹851.30
Previous Day₹864.35

Basic Stock Data of NESCO Ltd

Market Cap 6,227 Cr.
Current Price 884
High / Low934/505
Stock P/E18.2
Book Value 298
Dividend Yield0.50 %
ROCE21.8 %
ROE16.7 %
Face Value 2.00

Data Source: screener.in

Competitors of NESCO Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Team Lease Services Ltd 5,315 Cr. 3,1703,600/2,00749.8 4420.00 %13.9 %14.4 % 10.0
ICRA Ltd 5,724 Cr. 5,9316,249/4,25140.1 9300.69 %20.0 %15.1 % 10.0
SIS Ltd 6,371 Cr. 437565/31821.6 1700.00 %10.6 %15.6 % 5.00
SecUR Credentials Ltd 85.1 Cr. 20.733.8/15.617.7 12.00.00 %21.2 %18.8 % 10.0
Ace Integrated Solutions Ltd 39.5 Cr. 38.863.5/30.6 17.90.00 %3.88 %2.80 % 10.0
Industry Average28.12 Cr100.925.84314.380.14%13.92%13.34%9

NESCO Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales64827573819391103143143157137175
Expenses29302827303228374261585066
Operating Profit3653484650616367101829986109
OPM %55%64%63%63%62%65%69%65%71%57%63%63%62%
Other Income1418101310101281619202523
Interest2232223353235
Depreciation766677888891414
Profit before tax41634950516164631049010994112
Tax %20%22%19%16%13%20%16%15%22%22%22%19%22%
Net Profit32494042444954548270857688
EPS in Rs4.616.945.646.006.257.017.607.6311.639.9512.0510.8012.46

NESCO Ltd Quarterly Chart

NESCO Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales128143161194261306304360432291337546612
Expenses43435156739288128153105117178235
Operating Profit85101110138189214216233278186221368376
OPM %66%70%68%71%72%70%71%65%64%64%65%67%62%
Other Income17191828334336324265434487
Interest110045656891212
Depreciation361177811122226283346
Profit before tax97114117160211244235248292216227367405
Tax %30%28%31%30%32%30%25%27%20%20%16%21%
Net Profit678281112144169177180234172189291319
EPS in Rs9.5511.5911.4915.8320.4524.0325.0825.5733.1824.4826.8541.2545.26
Dividend Payout %6%6%9%8%8%9%9%10%9%12%11%11%

NESCO Ltd Profit & Loss Yearly Chart

Ace Integrated Solutions Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:12%
3 Years:8%
TTM:42%
Compounded Profit Growth
10 Years:14%
5 Years:12%
3 Years:9%
TTM:34%
Stock Price CAGR
10 Years:19%
5 Years:14%
3 Years:13%
1 Year:49%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:17%

NESCO Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141414141414141414
Reserves2763524255266678379951,1541,3411,5121,6811,9502,083
Borrowings0000000000100
Other Liabilities9181122137159181170178252293273298356
Total Liabilities3814475616768401,0321,1791,3461,6071,8191,9692,2632,453
Fixed Assets44158160159165188229213776759846804780
CWIP10445100143262357509251828696
Investments2102583683844424824995316728108471,1611,354
Other Assets2326283390999493157199194212223
Total Assets3814475616768401,0321,1791,3461,6071,8191,9692,2632,453

NESCO Ltd Reserves and Borrowings Chart

Ace Integrated Solutions Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7355117103137152143171208139164297
Cash from Investing Activity -78-51-107-91-110-153-123-155-157-142-142-265
Cash from Financing Activity 0-6-8-11-25-0-19-20-47-0-21-24
Net Cash Flow-6-2201-12-34-318

NESCO Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days232525202013161814372015
Inventory Days131158184313139158107119
Days Payable235253312519166227125147
Cash Conversion Cycle-81-70-1022020-19316-814-322-12
Working Capital Days-103-48-55-39-18-23-112-53-37-5523
ROCE %36%35%25%29%35%32%26%23%24%16%15%22%

NESCO Ltd Financial Efficiency Indicators Chart

NESCO Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%68.54%
FIIs2.20%2.14%2.14%2.18%2.18%1.99%1.98%2.10%2.37%2.30%2.09%2.79%
DIIs4.95%5.29%5.31%4.99%4.80%4.83%4.73%4.30%3.95%3.91%3.81%4.07%
Public24.31%24.04%24.02%24.30%24.49%24.64%24.76%25.07%25.14%25.24%25.55%24.60%
No. of Shareholders38,15339,86543,01440,72237,54536,63036,71136,12735,98737,63137,52536,251

NESCO Ltd Shareholding Pattern Chart

No. of NESCO Ltd Shareholders

Ace Integrated Solutions Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Franklin India Smaller Companies Fund13817281.05112.68
UTI Small Cap Fund3642850.8629.71
WhiteOak Capital Flexi Cap Fund500000.154.08
WhiteOak Capital Mid Cap Fund435160.273.55
WhiteOak Capital Multi Cap Fund303340.482.47
ICICI Prudential Smallcap Fund286570.042.34
Motilal Oswal Nifty Microcap 250 Index Fund233970.331.91
Bandhan Core Equity Fund200000.051.63
WhiteOak Capital ELSS Tax Saver Fund43500.320.35
ICICI Prudential S&P BSE 500 ETF2220.010.02

NESCO Ltd ROCE Trend

NESCO Ltd EPS Trend

NESCO Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)41.2526.8524.4833.1925.61
Diluted EPS (Rs.)41.2526.8524.4833.1925.61
Cash EPS (Rs.)45.9030.8728.1336.3827.29
Book Value[Excl.RevalReserv]/Share (Rs.)278.82240.95217.04192.66166.12
Book Value[Incl.RevalReserv]/Share (Rs.)278.82240.95217.04192.66166.12
Revenue From Operations / Share (Rs.)77.4947.8841.3161.2751.23
PBDIT / Share (Rs.)58.4737.4735.5245.5237.54
PBIT / Share (Rs.)53.8133.4531.8742.3435.85
PBT / Share (Rs.)52.0832.1430.7041.4835.18
Net Profit / Share (Rs.)41.2526.8524.4833.1925.61
NP After MI And SOA / Share (Rs.)41.2526.8524.4833.1925.61
PBDIT Margin (%)75.4578.2485.9674.2973.27
PBIT Margin (%)69.4469.8577.1369.0969.98
PBT Margin (%)67.2167.1174.3067.7068.68
Net Profit Margin (%)53.2256.0659.2454.1749.98
NP After MI And SOA Margin (%)53.2256.0659.2454.1749.98
Return on Networth / Equity (%)14.7911.1411.2717.2215.41
Return on Capital Employeed (%)17.6312.4313.2119.7720.07
Return On Assets (%)12.849.599.4614.5213.37
Asset Turnover Ratio (%)0.250.170.160.290.28
Current Ratio (X)4.703.731.731.100.77
Quick Ratio (X)4.593.631.671.010.67
Inventory Turnover Ratio (X)3.893.401.952.002.10
Dividend Payout Ratio (NP) (%)7.2711.170.0016.568.98
Dividend Payout Ratio (CP) (%)6.539.710.0015.118.42
Earning Retention Ratio (%)92.7388.830.0083.4491.02
Cash Earning Retention Ratio (%)93.4790.290.0084.8991.58
Interest Coverage Ratio (X)33.7428.6330.4553.2456.11
Interest Coverage Ratio (Post Tax) (X)24.8021.5221.9839.8339.27
Enterprise Value (Cr.)3626.033885.863706.853428.553388.83
EV / Net Operating Revenue (X)6.6411.5212.737.949.39
EV / EBITDA (X)8.8014.7214.8110.6912.81
MarketCap / Net Operating Revenue (X)6.6711.5512.777.979.41
Retention Ratios (%)92.7288.820.0083.4391.01
Price / BV (X)1.852.292.432.542.90
Price / Net Operating Revenue (X)6.6711.5512.777.979.41
EarningsYield0.070.040.040.060.05

NESCO Ltd Profitability Ratios (%)

NESCO Ltd Liquidity Ratios

NESCO Ltd Liquidity Ratios (%)

NESCO Ltd Interest Coverage Ratios (%)

NESCO Ltd Valuation Ratios

Fair Value of NESCO Ltd Stock

Fair Value: ₹910.27

The stock is undervalued by 2.97% compared to the current price ₹884

*Investments are subject to market risks

Strength and Weakness of NESCO Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 26.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -44.83, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -35.50, which is a positive sign.
  4. The company has higher reserves (1,061.46 cr) compared to borrowings (0.08 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (313.46 cr) and profit (225.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 39.46 and average Dividend Yield of 71.10%.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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