āagman

Not investment advice. Data and computed figures, for information only.

NESCO Ltd

NSE: NESCO
₹1,050.60
+₹2.40 (+0.23%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,541 Cr
CMP
₹1,050.60
52-wk High / Low
₹1,413 / 996
P/E
18.1
P/B
2.5
Book Value
₹425.0
Div Yield
0.65%
ROCE
19.0%
ROE
14.8%
Face Value
₹2
D/E
0.09

Price−22.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹748
√(22.5 × EPS × book value per share)
ROIC
10.8%
vs 9.3% sector median
Cash flow to profit
0.94
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−888
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.1%
ROE × earnings retention ratio
ROE stability
1.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.31DII +0.28
Latest quarter vs the previous one
Cash-accrual divergence
0.7%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 15% vs the 2022 sector median of 11%)
+FII holding rose by 2.0pp over the last year
+PE of 18.1x is below the sector median of 30.5x
Watch-outs
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales137175178189141192207192193239248252212
Expenses516664725573818583103122134109
Operating Profit8610911411786120125107110136126118102
OPM %62.8%62.3%64.0%61.9%61.0%62.5%60.4%55.7%57.0%56.9%50.8%46.8%48.1%
Other Income25232731303331202824272144
Interest3560362145887
Depreciation14141412121213131112131412
Profit before tax94112121136100135142112124143132116127
Net Profit76889410570107110899611910593100
EPS (₹)10.8012.4613.3114.929.9015.1715.6012.5813.6416.8814.8513.2114.19

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales195263311321361432291337546678732932951
Expenses567597103128154105117179252294442468
Operating Profit138189215218233278186220367426438490482
OPM %70.8%71.9%69.1%67.9%64.5%64.4%63.9%65.3%67.2%62.8%59.8%52.6%50.7%
Other Income283343363243654445105114100115
Interest045656891214122529
Depreciation77811122226283354504950
Profit before tax160211244238248292216226367463489516519
Net Profit112144170179180234172189291363375413417
EPS (₹)15.8220.4524.1125.3625.6133.1924.4826.8541.2551.4953.2558.5859.13

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141414141414141414141414—
Reserves5256678379971,1561,3431,5151,6841,9502,2822,6152,982—
Borrowings00000001001272—
Other Liabilities137159182172178252293273298354385421—
Total Liabilities6768411,0331,1831,3491,6101,8221,9722,2632,6503,0163,689—
Fixed Assets1591651882292137767598468047579161,175—
CWIP1001432623575092518286162753763—
Investments3844424824995316728108461,1611,4941,1351,520—
Other Assets33901019996160202197212237211231—
Total Assets6768411,0331,1831,3491,6101,8221,9722,2632,6503,0163,689—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity103137153146171208130163297377349388
Cash from Investing Activity−91−110−153−123−155−157−133−142−268−334−315−610
Cash from Financing Activity−11−250−19−20−470−21−24−33−42222
Net Cash Flow1104−44−30510−80

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %29.035.033.026.023.024.016.015.022.022.021.019.0
ROE %———————————14.8
EPS (₹)15.8220.4524.1125.3625.6133.1924.4826.8541.2551.4953.2558.58
Book Value (₹)———————————425.0
Face Value (₹)———————————2
P/E———————————18.1
Div Yield %———————————0.65
NPM %50.248.648.050.145.849.348.349.649.246.444.340.0
OPM %71.072.069.068.064.064.064.065.067.063.060.053.0
D/E0.000.000.000.000.000.000.000.000.000.000.000.09
P/B———————————2.5

Growth

As of 27 Sep 2026
Compounded sales growth
10 years+13.0%
5 years+26.0%
3 years+20.0%
TTM+21.0%
Compounded profit growth
10 years+11.0%
5 years+19.0%
3 years+11.0%
TTM+4.0%
Stock price CAGR
10 years+12.0%
5 years+12.0%
3 years+16.0%
Last year−22.0%
Return on equity
10 years16.0%
5 years15.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.17%68.17%68.18%68.20%68.32%68.54%68.54%68.54%68.54%68.54%68.54%68.54%
FIIs3.76%3.76%2.24%2.45%2.84%2.14%1.99%2.30%3.50%4.90%4.63%4.32%
DIIs4.80%4.80%5.35%5.64%5.46%5.29%4.83%3.91%3.99%3.19%3.84%4.12%
Government————————————
Public23.27%23.27%24.23%23.72%23.37%24.04%24.64%25.24%23.97%23.38%22.99%23.03%
No. of shareholders12,84612,84622,42623,46725,91139,86536,63037,63146,79643,89746,13046,381
Change since Jun 2023 (pp)
Promoters +0.37FIIs +0.56DIIs −0.68Public −0.24

Documents

As of 27 Sep 2026
Announcements
Closure of Trading WindowAnnouncement Under Regulation 30Announcement Under Regulation 30Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement Under Regulation 30- Para B
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Sep 2026PPTNov 2025PPTAug 2025TranscriptAug 2025PPTAug 2024PPTNov 2021PPT

Corporate actions

As of 20 Jul 2026
20 Jul 2026DIVIDENDDividend - Rs 7 Per Share—
23 Jul 2025DIVIDENDAnnual General Meeting/Dividend - Rs 6.50 Per Share—
26 Jul 2024DIVIDENDDividend - Rs 6 Per Share—
28 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 4.50 Per Share—
28 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
2 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
18 Mar 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
26 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
31 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 2.30 Per Share—
15 Sep 2017SPLIT Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
4 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 11/- Per Share—
28 Mar 2016DIVIDEND Interim Dividend - Rs 8.50/- Per Share (Purpose Revised)—
23 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Rs 6.50 Per Share—
11 Aug 2014DIVIDENDAnnual General Meeting / Dividend - Rs 5/- Per Share (Book Closure Dates Revised)—
26 Jul 2013DIVIDENDAnnual General Meeting / Dividend Rs.3.50/- Per Equity Share—
31 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.3/- Per Share—
3 Aug 2011DIVIDENDAnnual General Meeting And Dividend Rs.2.50 Per Share—
31 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.50 Per Share—
20 Jul 2010BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman