NESCO

Nesco share price & financials

Price
₹1,094
Market cap
₹7.8k Cr
Sector
Services
Calls analysed
1
Latest concall · Q4 FY26 · call held 27 Jul 2026

Nesco Limited FY26 Annual General Meeting Analysis

EBITDA ₹590 cr Profit After Tax ₹412 cr +10%Total Income ₹1,031 cr +22%

What went well

  • Total income of ₹1,031 crores, up 22% YoY, crossing ₹1,000 crores for the first time.
  • EBITDA of ₹590 crores.
  • Profit after tax of ₹412 crores, up 10% YoY.

What to watch

  • Engineering division reported lower revenue of ₹35 crores due to softer demand in certain capital goods sectors.
  • Delay in final clearances for Tower 2, pushing commencement of work, and an extended completion timeline of 60 months.
Read the full call →

What Nesco Limited does

Nesco is a Mumbai-based diversified conglomerate anchored at its Nesco Center campus in Goregaon, earning largely from long-tenure commercial leasing and venue rentals. Its Realty arm leases two IT/ITES office towers to global tenants, while its Exhibitions and Events businesses operate the Bombay Exhibition Center and host trade shows, concerts and festivals on the same campus; Hospitality (Nesco Foods) runs catering, restaurants and a central kitchen serving these venues. Separately, its Engineering division, Indabrator, manufactures shot-blasting and surface-preparation equipment from two plants in Gujarat, and a new Wayside Amenities vertical is developing fuel and non-fuel service stops along national expressways.

Segments

  • Realty
  • Exhibitions
  • Events
  • Hospitality
  • Engineering (Indabrator)
  • Wayside Amenities
Leased IT Park office space (Towers 3 & 4)
~17.5 lakh sq ft chargeable area, 100% occupied
MNC tenant companies across IT Park Towers 3 & 4
25
Employees housed within leased IT Park towers
25,000+
Bombay Exhibition Center total venue area
71,418 sq mtr across 6 halls plus Grand A
Annual visitor footfall at Nesco Center
2 Mn+
Exhibitions hosted at Nesco Center (FY2024-25)
100+
Founded 1946Headquarters Goregaon (East), Mumbai, Maharashtra Company website

Guidance record · Q4 FY26

what the last two calls moved 6 tracked 0 delivered 0 missed 6 open
  • Tower 2 Completion Timeline revised down said Q4 FY26 Promised: about 60 months of getting commencement certificate Q4 FY26: The time of completion envisaged is about 60 months of getting commencement certificate. This is an extension from the 48 months mentioned previously.
  • Wayside Amenities Operations Start open said Q4 FY26 Promised: start operations by end of this financial year (FY27) Q4 FY26: Still in its development phase, this vertical is expected to start operations by end of this financial year.

All 6 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 9.8%, net profit up 4.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue192 207 192 193 239 +24%248 +20%252 +31%212 +10%
EBITDA120 125 107 110 136 +13%126 +1%118 +10%102 −7%
Net profit107 110 89 96 119 +11%105 −5%93 +4%100 +4%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −27.7% 1Y

₹1.0k₹1.2k₹1.4k₹1.6kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 27 Jul 2026

1Y: ₹1,524.3 on 10 Sept 2025 → ₹1,102.2. High ₹1,578.1 (11 Sept 2025), low ₹1,008.3 (27 Jul 2026).

How the price took the results

close before → close after

Q4 FY26
−4.5%
27 Jul

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 19.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 52.6%.

Year endingFY23FY24FY25FY26
Revenue₹546 Cr₹679 Cr₹732 Cr₹932 Cr
Operating profit₹349 Cr₹426 Cr₹438 Cr₹490 Cr
Operating margin63.9%62.7%59.8%52.6%
Interest₹13 Cr₹14 Cr₹12 Cr₹25 Cr
Depreciation₹33 Cr₹54 Cr₹50 Cr₹50 Cr
Net profit₹291 Cr₹363 Cr₹376 Cr₹413 Cr
Net margin53.3%53.5%51.4%44.3%
Cash from operations₹297 Cr₹377 Cr₹349 Cr₹388 Cr
Free cash flow₹284 Cr₹272 Cr₹-435 Cr₹66 Cr
ROCE22.0%22.0%21.0%19.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹1.5k Cr₹1.7k Cr₹1.9k Cr₹2.3k Cr₹2.8k Cr₹3.0k Cr
Borrowings₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹110 Cr₹272 Cr
Other liabilities₹293 Cr₹273 Cr₹298 Cr₹354 Cr₹445 Cr₹421 Cr
Total liabilities₹1.8k Cr₹2.0k Cr₹2.3k Cr₹2.6k Cr₹3.4k Cr₹3.7k Cr
Fixed assets₹759 Cr₹846 Cr₹804 Cr₹757 Cr₹1.0k Cr₹1.2k Cr
Capital work in progress₹51 Cr₹82 Cr₹86 Cr₹162 Cr₹761 Cr₹763 Cr
Investments₹810 Cr₹846 Cr₹1.2k Cr₹1.5k Cr₹1.3k Cr₹1.5k Cr
Other assets₹202 Cr₹197 Cr₹212 Cr₹237 Cr₹237 Cr₹231 Cr
Total assets₹1.8k Cr₹2.0k Cr₹2.3k Cr₹2.6k Cr₹3.4k Cr₹3.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.06 pp while FIIs trimmed −0.57 pp. The shareholder count grew 7% to 46,381.

Promoters
68.5%
FIIs
4.3%
DIIs
4.1%
Public
23.0%

Since Jun 2025

  • DIIs +1.06 pp
  • FIIs −0.57 pp
  • Public −0.49 pp

How it drifted, 12 quarters

Over this window the public fell from 24.6% to 23.0% — −1.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.5%, FIIs 2.8%, DIIs 4.1%, Public 24.6%.Dec '23: Promoters 68.5%, FIIs 3.0%, DIIs 4.1%, Public 24.3%.Mar '24: Promoters 68.5%, FIIs 3.5%, DIIs 4.0%, Public 24.0%.Jun '24: Promoters 68.5%, FIIs 3.9%, DIIs 3.9%, Public 23.7%.Sep '24: Promoters 68.5%, FIIs 4.0%, DIIs 4.1%, Public 23.4%.Dec '24: Promoters 68.5%, FIIs 4.9%, DIIs 3.4%, Public 23.2%.Mar '25: Promoters 68.5%, FIIs 4.9%, DIIs 3.2%, Public 23.4%.Jun '25: Promoters 68.5%, FIIs 4.9%, DIIs 3.1%, Public 23.5%.Sep '25: Promoters 68.5%, FIIs 4.9%, DIIs 4.0%, Public 22.6%.Dec '25: Promoters 68.5%, FIIs 4.7%, DIIs 3.8%, Public 23.0%.Mar '26: Promoters 68.5%, FIIs 4.6%, DIIs 3.8%, Public 23.0%.Jun '26: Promoters 68.5%, FIIs 4.3%, DIIs 4.1%, Public 23.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Nesco Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chandler & Price (I) Pvt Ltd 27.80%unchanged
Sudha Sumant Patel 12.79%unchanged
Krishna Sumant Patel 8.05%unchanged
Patel Consultancy Services Private Limited 7.61%unchanged
Engineering Global Pte Limited 6.35%unchanged
S J Patel Huf 4.49%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.70%−0.05 pp
Aarav Krishna Patel 1.46%unchanged
HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund1.33%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Nesco Limited

Guides on how to read this kind of business and the numbers that matter.