Nesco Ltd, formerly known as New Standard Engineering Co Ltd, is a diversified Indian-based company with a variety of business activities in the engineering, realty, and services sectors. Established in 1946, the company has its manufacturing units located at Karamsad and Vishnoli in Gujarat and Mumbai in Maharashtra, while Bombay Exhibition Centre is the largest permanent convention, exhibition, and trade fair centre in the private sector.
NESCO is mainly engaged in licensing premises in IT park buildings and providing related services, licensing premises for exhibitions and providing services to the organizers, manufacturing of machines and capital equipment, and hospitality and catering services. The company operates through four main business segments: Nesco IT Park, Bombay Exhibition Centre, Nesco Foods, and Indabrator.
The company's flagship Nesco IT Park offers premium office spaces licensed to multinational companies like HSBC, KPMG, PWC, MSCI, BlackRock, Here Solution, Framestore, etc. Its towers 3 and 4 span 62,315 sq. mt and 1,04,515 sq. mt, respectively, with 24 floors and 83 leasable units. It has an occupancy rate of over 98%. IT Parks Division contributed 41% of total revenue in FY24. The segment revenue grew by 49% between FY20 and FY24.
The BEC segment is engaged in licensing premises for exhibitions and providing services to the organizers. BEC provides space for exhibitions; meetings, incentives, conferences and exhibitions (MICE); trade shows; events, and entertainment. This segment serves as India's largest private sector exhibition and convention center.
The Nesco Foods segment caters to banquets, exhibitions, F&Bs and offices situated in the Nesco premises. The company operates non-flight kitchens, restaurants, food courts, and lounge bars, as well as provides hospitality and catering services.
The Indabrator segment is a manufacturer of surface preparation equipment with integrated manufacturing facilities for equipment, spares and abrasives in Gujarat. The company manufactures and sells shot blasting machines, paint booths, abrasives, and spare parts of shot blasting machines.
On a full-year basis, the company's consolidated net profit grew by 3.42% to ₹375.21 Crore on 7.93% increase in revenue from operations to ₹732.01 Crore in FY25 over FY24. TTM profit after tax of Nesco Ltd was ₹375 Crore.
For Q4 FY25, revenue from operations rose 1.60% YoY to ₹192.01 Crore in the quarter ended March 31, 2025. On the segmental front, during the quarter, revenue from Realty jumped 15.98% YoY to ₹95.03 Crore; revenue from the Bombay Exhibition Center dropped 25.50% YoY to ₹46.76 Crore; revenue from Indabrator fell 20.65% YoY to ₹12.10 Crore and revenue from Foods surged 31.35% YoY to ₹38.12 Crore.
- Revenue (FY25): ₹732.01 Crore
- Net Profit (FY25): ₹375.21 Crore
- Market Capitalization: ₹7,113.99 Crore as of June 18, 2025
- P/E Ratio: 18.96
- P/B Ratio: 3.10
The company's board has recommended a final dividend of ₹6.50 per share for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming 66th Annual General Meeting. The record date for determining entitlement to the dividend and for AGM purposes is fixed as Wednesday, July 23, 2025. If approved, the dividend will be paid on or before Wednesday, August 20, 2025.
The chairman of the company is Krishna S Patel, and the managing director is Krishna S Patel. As of March 2025, company promoters held 68.54% stake in NESCO, with no shares having been pledged.
Nesco approves ₹3,500 Crore capex for Tower 2 development over six years at Goregaon IT Park. This significant capital expenditure reflects the company's commitment to expanding its IT park portfolio and capitalizing on the growing demand for premium office spaces in Mumbai.
Company is almost debt-free. Over the last 5 years, revenue has grown at a yearly rate of 14.89%, vs industry avg of 3.82%. Over the last 5 years, market share increased from 0.58% to 0.85%. As per Value Research classification, it is a Small Cap company.
Nesco Ltd represents a unique investment opportunity in the Indian real estate and services sector, combining stable rental income from its IT parks with diversified revenue streams from exhibition services, food operations, and manufacturing. The company's strategic location in Mumbai, strong occupancy rates, and planned expansion projects position it well for future growth in India's evolving commercial real estate landscape.
