Runs a diversified portfolio of real estate and services businesses anchored at Goregaon in Mumbai. The Realty segment operates an IT park where Towers 3 and 4 are at 100% occupancy; a Tower 2 expansion covering 2.5 million sq ft of office space alongside a 5-star hotel has been approved. The Bombay Exhibition Center hosts large-scale exhibitions and events, including the newly opened Hall 6 with capacity for 18,000 visitors; the in-house Nesco Events sub-business grew 55% year-on-year. The Foods business operates restaurants, with 6 new outlets added and 50 brand partnerships reported at the latest annual meeting. Indabrator is an engineering arm manufacturing industrial equipment at Rs 50 crores of revenue. A new Wayside Amenities business has been launched with 11 sites across 3 highway clusters, with management targeting approximately Rs 100 crores of revenue per site. The company is debt-free with Rs 1,100 crores of liquidity, and cost shape is dominated by capital expenditure at 34.6% of revenue, with materials at 14.2%, employee cost at 4.8%, and other operating expenses at 28.7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Realty (39%), Bombay Exhibition Center (25%), Foods (23%), Income from investments/other income (10%), Indabrator (4%), Way Side Amenities (0%). Asset-heavy, diversified real estate and services with multiple revenue verticals
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 291 | 337 | 546 | 732 | 932 |
| EBITDA (ex other income) | 186 | 219 | 349 | 438 | 490 |
| margin % | 63.8 | 64.9 | 63.9 | 59.8 | 52.6 |
| Owners' profit | 172 | 189 | 291 | 0 | 413 |
| EPS, as reported (₹) | 24.48 | 26.85 | 41.25 | 53.25 | 58.58 |
| ROE % · ROCE % | 11.3 · 13.2 | 11.1 · 12.4 | 14.8 · 17.6 | 14.3 · 17.5 | 13.8 · 15.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 130 | 163 | 297 | 349 | 388 |
| Capex | (58) | 0 | (9) | (784) | (322) |
| ₹ crore | Q2 FY24 | Q3 FY24 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 175 | 178 | 192 | 193 | 239 | 248 | 252 | 212 |
| Profit before tax | 112 | 121 | 112 | 124 | 143 | 132 | 116 | 127 |
| Net profit | 88 | 94 | 89 | 96 | 119 | 105 | 93 | 100 |
| EPS (₹) | 12.46 | 13.30 | 12.58 | 13.64 | 16.88 | 14.85 | 13.21 | 14.19 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Realty | 398 | 39.5 |
| Bombay Exhibition Center | 260 | 25.8 |
| Indabrator | 36 | 3.6 |
| Foods | 239 | 23.7 |
| Income from Investment/ Other Income | 49 | 4.8 |
| Income from investments/other income | 27 | 2.6 |
| Total, before eliminations | 1,007 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Nesco gets Rs 2.10 crore penalty notice from NHLML for project delay | general | low | — | — |
| 2 Sept 2026 · Investor conference participation and presentation on 8 Sept 2026 | investor communications | medium | — | — |
| 27 Aug 2026 · BMC assessment tax demand with Rs 1.61 crore penalty to Nesco | compliance | minimal | — | — |
| 27 Aug 2026 · Nesco gets environmental clearance for Goregaon realty and exhibition projects | regulatory legal | high | — | — |
| 11 Aug 2026 · NSE seeks clarification from Nesco on Q1 FY26 results | compliance | low | — | — |
| 10 Aug 2026 · Nesco to attend Equirus India Conference 2026 on 13 Aug | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Nesco to attend Nirmal Bang Investor Conference on 10 August | board shareholder meetings | low | — | — |
| 3 Aug 2026 · 67th AGM Transcript: Total Income Crosses Rs 1,000 Cr Mark | investor communications | medium | — | — |
| 28 Jul 2026 · Nesco appoints Ashish Joshi as Chief Procurement and Contracts Officer | management changes | medium | — | — |
| 28 Jul 2026 · Nesco 67th AGM: All 7 resolutions passed, Rs 7 dividend declared | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| EBITDA m. % |
|---|
| INTL GEMOLOGICAL INST LTD | 13,611 | 22.3 | 9.15 | 13.1 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 9,297 | 106.7 | 31.07 | 5.9 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. ◆ | 7,728 | 18.6 | 2.58 | 13.1 | 13.8 | 14.8 | 26.2 | 68.9 |
| INOX GREEN ENERGY SER LTD | 7,175 | 57.5 | 4.18 | 42.6 | 6.0 | 9.0 | — | 131.6 |
| SMARTWORKS COWORKING SP L | 6,079 | 218.0 | 11.45 | 5.1 | 2.0 | 0.3 | — | 65.8 |
| NIRLON LTD | 5,526 | 16.0 | 11.79 | — | 73.8 | 18.1 | — | 79.4 |
| QUESS CORP LIMITED | 5,174 | 20.4 | 4.43 | 15.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INDIQUBE SPACES LIMITED | 4,272 | — | 8.30 | — | (20.7) | (2.5) | — | 67.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.6 | 14.3 | 53 of 89 | 41% |
| P/B | 2.6 | 1.5 | 60 of 92 | 35% |
| ROCE | 14.8 | 3.2 | 18 of 105 | 84% |
| ROE | 13.8 | 3.1 | 22 of 116 | 82% |
| Debt / Equity | 0.0 | 0.0 | 3 of 116 | 60% |
| EBITDA margin | 68.9 | 25.4 | 21 of 92 | 78% |
| Revenue growth | 9.6 | 16.2 | 54 of 91 | 41% |
| Profit growth | 4.0 | 5.2 | 57 of 110 | 49% |
| Market cap | 7728 | 56 | 3 of 104 | 98% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
