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Nesco Limited (NESCO) Fair Value & Analysis

Industrials · IN · Market cap ₹79.3B

NL Nesco Limited NESCO · NSE
Price₹1,046
Fair Value₹1,066
Upside+1.9%
Quality59/100
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Expensive Growth
Highly profitable · 40.0% net margin
generates free cash flow
0.63% dividend yield
Mixed vs. peers (7/13)
Wide moat 82/100
Evidence: High Range ₹451.39 – ₹1,538 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price −4.4% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The model range is unusually wide (₹451.39 to ₹1,538). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

₹1,578 ₹478.00 Fair Value ₹1,066 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹478.00 – ₹1,578 · fair‑value band ₹451.39 – ₹1,538 · the ₹1,046 price screens below the ₹1,066 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Nesco Limited (NESCO) currently trades at ₹1,046, while our model-based Fair Value estimate is ₹1,066, implying the stock looks roughly 1.9% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Nesco Limited generated revenue of ₹10.3B at a net margin of 40.0%. Revenue grew 30.8% year over year. It earns a return on equity of 14.7%. Net debt stands at ₹2.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹451.39 (bear case) to ₹1,538 (bull case); at ₹1,046, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 2%, NESCO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹411.88 ₹535.23 ₹1,557 76
Growth DCF ₹136.33 ₹277.32 ₹518.86 72
Gordon GGM ₹59.68 ₹124.09 ₹196.86 70
All 13 models by family
DCF Models
Owner Earnings ₹296.32 ₹625.49 ₹1,279 31
5Y P/E Exit ₹671.03 ₹1,481 ₹2,506 38
10Y P/E Exit ₹506.70 ₹1,204 ₹2,381 35
Earnings-Based
Graham-Dodd ₹398.33 ₹2,496 ₹3,486 54
Lynch FV ₹719.22 ₹1,027 ₹1,336 50
Dividend Discount
Gordon GGM ₹59.68 ₹124.09 ₹196.86 70
DDM Multi-Stage ₹59.68 ₹104.64 ₹130.24 61
Multiples
P/E Multiple ₹922.60 ₹1,230 ₹1,538 63
P/B Multiple ₹746.87 ₹995.83 ₹1,245 55
Asset-Based
NCAV (Graham) ₹212.63 ₹284.93 ₹425.27 50
Growth DCF
Growth DCF ₹136.33 ₹277.32 ₹518.86 72
Rev-Margin DCF ₹165.22 ₹321.73 ₹546.10 67
Economic Profit
Residual Income ₹411.88 ₹535.23 ₹1,557 76

Widest divergence: DCF Models (₹1,204) versus Dividend Discount (₹104.64). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹10.3B
Revenue growth (YoY) +30.8%
Net margin 40.0%
Return on equity 14.7%
Free cash flow ₹655M FY2026
P/E ratio 17.8
More key figures
Operating margin 45.8%
EPS (TTM) ₹58.62
Dividend yield 0.6%
EPS growth (YoY) +5.0%
Net debt ₹2.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 34

Profitability 55
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 12
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nesco Limited operates exhibition center and IT park in India. It operates through Realty, Bombay Exhibition Center, Industrial Capital Goods Division, and Foods segments.

Full company description

Nesco Limited operates exhibition center and IT park in India. It operates through Realty, Bombay Exhibition Center, Industrial Capital Goods Division, and Foods segments. It is also involved in the operation of exhibition center that provides space for trade fairs, events, exhibitions, conventions, and conferences, as well as wedding and social celebrations. In addition, the company manufactures and sells shot blasting machines, air pollution control systems, paint systems, spares, and abrasives, as well as provides operations and maintenance and annual maintenance contract services. Further, it provides workspaces, residential, and assembly spaces; it invests in debt mutual funds, corporate deposits, non-convertible debentures, bonds, and preference shares; and engages in kitchens, food courts, food kiosks, and restaurants and bars businesses. The company was formerly known as New Standard Engineering Co. Ltd. Nesco Limited was founded in 1939 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Nesco Limited reported revenue of ₹9.3B in FY2026 versus ₹3.4B in FY2022, a compound +28.9%/yr. Reported net income was ₹4.1B in FY2026, compounding +21.5%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.3B
Latest YoY
+27.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.2%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.1%
Revenue +28.9%/yr
FY22 ₹3.4B
FY23 ₹5.5B
FY24 ₹6.8B
FY25 ₹7.3B
FY26 ₹9.3B
Net income +21.5%/yr
FY22 ₹1.9B
FY23 ₹2.9B
FY24 ₹3.6B
FY25 ₹3.8B
FY26 ₹4.1B
Character of growth · EPS growth decomposed (2015-2026) +12.0 % p.a.
Revenue per share +13.2 pp

of which total revenue +13.2 pp · buybacks/dilution +0.0 pp

EBIT margin −3.2 pp
Tax rate +1.4 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Nesco Limited Fair Value". https://www.fairvalue-calculator.com/stock/NESCO

Peer Group

Conglomerates · 383 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Top 25%
Fair Value upside +2% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 40% · Top 25%
Operating margin (TTM) 46% · Top 25%
Revenue growth 31% · Top 25%
Dividend yield (TTM) 0.6% · Bottom 25%

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 17.8× · Pricier than median
P/B 2.65× · Pricier than 75% of peers
P/S (TTM) 7.69× · Pricier than 75% of peers
P/FCF 1.3× · Pricier than median
EV/EBITDA 13.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 36 · sector 26
FUTURE 100 · sector 17
PAST 59 · sector 18
HEALTH 0 · sector 88
DIVIDEND 13 · sector 46

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Nesco Limited (NESCO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,066 versus a price of ₹1,046, about +2% (fairly valued).
What is the fair value of NESCO?
Our model-based fair value for Nesco Limited is ₹1,066 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,046.
What is the quality score of NESCO?
Nesco Limited has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nesco Limited (NESCO)?
Nesco Limited reported trailing-twelve-month revenue of about ₹10.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of NESCO?
The net profit margin of Nesco Limited is about 40.0%, meaning it keeps roughly 40.0% of revenue as net income. Based on the latest reported figures.
Does Nesco Limited pay a dividend?
Nesco Limited currently shows a dividend yield of about 0.63% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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