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← CockpitCompetitor Analysis › NESCO.NS NESCO LimitedOpen in the cockpit ↗

NESCO LimitedNESCO.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Real Estate Development
Momentum neutral 45
Mkt cap
$780M
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$389,224
20-day average traded
Fwd P/E
17.7×
forward earnings
ROIC−WACC
-2.7 pp
WACC 14.3%
Hurdle
-4 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · INR₹1,044
1D+0.4%
1W+5.3%
1M+1.5%
3M-0.5%
6M-19.9%
YTD-14.8%
1Y-23.1%
ATR %2.8%
Beta1.04
52w lowhigh24.6% off high

What NESCO does

Employees: 1,001

NESCO at a glance

Size NESCO (NESCO.NS) is an India Industrials company (Real Estate Development) with a market value of $780M, the 680th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,044 on 6 Nov 2026.

Performance Over six months the shares fell 19.9%, against -14.6% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 19 in its peer set.

Growth Revenue grew 13.1% over the last twelve months (peer median +15.8%); the operating margin is 45.2% (peer median 13.0%).

Valuation It trades at 17.7× forward earnings against a peer median of 25.4× (5th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -4 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.7 points below its cost of capital (14.3% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 86NESCO.NS 80
Six months, rebased to 100: NESCO against the median of its 20 peers (local-currency closes).

NESCO financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹9.40B₹9.32B₹7.32B₹6.78B₹5.46B
Revenue growth—+27%+8%+24%—
Gross profit₹6.93B₹6.09B₹5.01B₹4.64B₹4.23B
EBITDA₹4.74B₹5.08B₹4.44B₹4.31B₹3.73B
Net income₹4.03B₹4.13B₹3.75B₹3.63B₹2.91B
Free cash flown/a₹1.44B-₹3.40B₹3.38B₹3.20B
Capital expendituren/a₹3.22B₹7.84B₹1.05B₹131M
Total debt₹926M₹2.72B₹9.70M₹2.59M₹4.09M

Quarterly statements and history in the cockpit →

NESCO competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+100%+200%-20%0%VESUVIUSPRECWIREOMNIRHIMGMRP&UIPOWERMECHSPECTRUMAXISCADESGRINFRAEUREKAFORBSKFINDIAISGECESABINDIAKENNAMETKSHINTLNESCO.NS6-month return →1-month return →
Up and to the right = strong over both horizons. NESCO is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%20×40×VESUVIUSPRECWIREOMNIRHIMGMRP&UIPOWERMECHAXISCADESGRINFRAEUREKAFORBSKFINDIASTARCEMENTKENNAMETAFCONSKSHINTLNESCO.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NESCO is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%VESUVIUSRHIMEUREKAFORBESABINDIASTARCEMENTNESCO.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. NESCO is the large dot.

NESCO competitors and peer comparison

How NESCO compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NESCO against its 20 peers (data as of 6 Nov 2026)
MeasureNESCO.NSPeer medianRank in peer set
1-month return+1.5%-7.8%4th highest of 21
6-month return-19.9%-14.6%7th lowest of 19
Distance from 52-week high-24.6%-29.1%10th highest of 21
Revenue growth (TTM)+13.1%+15.8%9th lowest of 20
Operating margin45.2%13.0%highest of 20
Forward P/E17.7×25.4×5th cheapest of 16
Growth the price implies (Req g, 7 yrs)22.2%22.1%5th most demanding of 10
Growth delivered (Del g)+26.2%+17.2%3rd highest of 10
Hurdle (Req g minus delivered)-4.0 pp+3.0 pp4th least demanding of 10
ROIC minus cost of capital-2.7 pp-1.2 pp8th lowest of 20
EV / EBITDA14.7×21.0×6th cheapest of 20
Net debt / EBITDA-0.8×0.2×5th least indebted of 20

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NESCO NESCO.NSIndia$780M-20%+13%45%17.7×22.2%+26.2%
Vesuvius India VESUVIUS.NSIndia$782M-31%+4%13%22.1×30.4%+21.6%
Precision Wires India PRECWIRE.NSIndia$776M-1%+46%5%41.8×n/an/a
Omnitech Engineering OMNI.NSIndia$785M+40%+49%23%55.4×n/an/a
RHI Magnesita India RHIM.NSIndia$789M-13%+8%7%25.4×27.1%+24.1%
Manipal Payment and Identity Solutions MPIMANIPAL.NSIndia$768Mn/an/an/an/an/an/a
GMR Power and Urban Infra GMRP&UI.NSIndia$763M-17%+4%14%14.6×n/an/a
Power Mech Projects POWERMECH.NSIndia$761M-12%+16%10%16.1×n/an/a
Spectrum Electrical Industries SPECTRUM.NSIndia$800M+262%+104%13%n/an/an/a
AXISCADES Technologies AXISCADES.NSIndia$802M-17%+5%10%7.8×n/an/a
G R Infraprojects GRINFRA.NSIndia$803M-21%+25%16%8.9×n/an/a
Eureka Forbes EUREKAFORB.NSIndia$749M-29%+13%9%28.9×34.3%+221.8%
SKF India SKFINDIA.NSIndia$747M-18%-53%8%27.3×32.5%+7.1%
ISGEC Heavy Engineering ISGEC.NSIndia$746M-11%+21%6%n/a22.1%+5.0%
Esab India ESABINDIA.NSIndia$816M-29%+13%17%n/a18.3%+17.2%
Star Cement STARCEMENT.NSIndia$739M-28%+15%14%19.2×4.9%+16.8%
Garware Technical Fibres GARFIBRES.NSIndia$739M+6%+17%17%28.2×19.7%+8.1%
Kennametal India KENNAMET.NSIndia$832M+27%+29%17%37.5×n/an/a
Kanohar Electricals KANOHAR.NSIndia$835Mn/a+45%27%n/a21.3%+29.1%
Afcons Infrastructure AFCONS.NSIndia$841M-36%-15%4%25.2×n/an/a
KSH International KSHINTL.NSIndia$720M+59%+61%6%39.4×n/an/a

Questions

Which companies are NESCO's closest peers?
The cockpit's peer set: Vesuvius India (VESUVIUS.NS), Precision Wires India (PRECWIRE.NS), Omnitech Engineering (OMNI.NS), RHI Magnesita India (RHIM.NS), Manipal Payment and Identity Solutions (MPIMANIPAL.NS), GMR Power and Urban Infra (GMRP&UI.NS), Power Mech Projects (POWERMECH.NS), Spectrum Electrical Industries (SPECTRUM.NS).
Is NESCO expensive compared with its peers?
On forward p/e it trades at 17.7× against a peer median of 25.4×, 5th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -4 pp: the price already allows for a slowdown.
How has NESCO stock performed?
Over six months to 6 Nov 2026 the shares returned -19.9% against -14.6% for the median peer; over one year -23.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.