Employees: 1,001
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ₹1.44B | -₹3.40B | ₹3.38B | ₹3.20B |
| Capital expenditure | n/a | ₹3.22B | ₹7.84B | ₹1.05B | ₹131M |
| Total debt | ₹926M | ₹2.72B | ₹9.70M | ₹2.59M | ₹4.09M |
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Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NESCO.NS | Peer median | Rank 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 margin | 45.2% | 13.0% | highest of 20 |
| Forward P/E | 17.7× | 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 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | -2.7 pp | -1.2 pp | 8th lowest of 20 |
| EV / EBITDA | 14.7× | 21.0× | 6th cheapest of 20 |
| Net debt / EBITDA | -0.8× | 0.2× | 5th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NESCO NESCO.NS | India | $780M | -20% | +13% | 45% | 17.7× | 22.2% | +26.2% |
| Vesuvius India VESUVIUS.NS | India | $782M | -31% | +4% | 13% | 22.1× | 30.4% | +21.6% |
| Precision Wires India PRECWIRE.NS | India | $776M | -1% | +46% | 5% | 41.8× | n/a | n/a |
| Omnitech Engineering OMNI.NS | India | $785M | +40% | +49% | 23% | 55.4× | n/a | n/a |
| RHI Magnesita India RHIM.NS | India | $789M | -13% | +8% | 7% | 25.4× | 27.1% | +24.1% |
| Manipal Payment and Identity Solutions MPIMANIPAL.NS | India | $768M | n/a | n/a | n/a | n/a | n/a | n/a |
| GMR Power and Urban Infra GMRP&UI.NS | India | $763M | -17% | +4% | 14% | 14.6× | n/a | n/a |
| Power Mech Projects POWERMECH.NS | India | $761M | -12% | +16% | 10% | 16.1× | n/a | n/a |
| Spectrum Electrical Industries SPECTRUM.NS | India | $800M | +262% | +104% | 13% | n/a | n/a | n/a |
| AXISCADES Technologies AXISCADES.NS | India | $802M | -17% | +5% | 10% | 7.8× | n/a | n/a |
| G R Infraprojects GRINFRA.NS | India | $803M | -21% | +25% | 16% | 8.9× | n/a | n/a |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 28.9× | 34.3% | +221.8% |
| SKF India SKFINDIA.NS | India | $747M | -18% | -53% | 8% | 27.3× | 32.5% | +7.1% |
| ISGEC Heavy Engineering ISGEC.NS | India | $746M | -11% | +21% | 6% | n/a | 22.1% | +5.0% |
| Esab India ESABINDIA.NS | India | $816M | -29% | +13% | 17% | n/a | 18.3% | +17.2% |
| Star Cement STARCEMENT.NS | India | $739M | -28% | +15% | 14% | 19.2× | 4.9% | +16.8% |
| Garware Technical Fibres GARFIBRES.NS | India | $739M | +6% | +17% | 17% | 28.2× | 19.7% | +8.1% |
| Kennametal India KENNAMET.NS | India | $832M | +27% | +29% | 17% | 37.5× | n/a | n/a |
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | n/a | 21.3% | +29.1% |
| Afcons Infrastructure AFCONS.NS | India | $841M | -36% | -15% | 4% | 25.2× | n/a | n/a |
| KSH International KSHINTL.NS | India | $720M | +59% | +61% | 6% | 39.4× | n/a | n/a |