Financials Nesco Limited

Equities

Market Closed - Bombay S.E. Other stock markets 06:00:52 2024-06-28 EDT			5-day change	1st Jan Change
921.3 ^INR	+1.32%		-4.35%	+4.35%

05-31	Nesco Limited Receives Show Cause Cum Demand Notice from the Above GST Authority from the Office of the Assistant Commissioner CGST and C. Ex, Division VII, Mumbai East	CI
05-20	Nesco Limited Reports Earnings Results for the Full Year Ended March 31, 2024	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	33,962	34,420	37,161	38,954	36,438	64,915	-	-
Enterprise Value (EV) ¹	33,962	34,420	37,161	38,954	36,438	58,439	64,915	64,915
P/E ratio	-	14.7 x	21.5 x	20.6 x	12.5 x	16.1 x	16.9 x	16.1 x
Yield	-	0.61%	0.57%	0.54%	0.87%	0.72%	0.45%	0.47%
Capitalization / Revenue	9.44 x	7.97 x	12.8 x	11.5 x	6.67 x	8.62 x	8.65 x	8.21 x
EV / Revenue	9.44 x	7.97 x	12.8 x	11.5 x	6.67 x	8.62 x	8.65 x	8.21 x
EV / EBITDA	14.7 x	12.4 x	20 x	17.8 x	10.4 x	13.7 x	13.8 x	13.1 x
EV / FCF	211 x	22.6 x	51.5 x	269 x	12.8 x	21.5 x	27.8 x	35.1 x
FCF Yield	0.47%	4.42%	1.94%	0.37%	7.8%	4.65%	3.6%	2.85%
Price to Book	-	2.54 x	2.43 x	2.29 x	1.85 x	2.54 x	2.45 x	2.15 x
Nbr of stocks (in thousands)	70,460	70,460	70,460	70,460	70,460	70,460	-	-
Reference price ²	482.0	488.5	527.4	552.8	517.2	921.3	921.3	921.3
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	5/20/24	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,596	4,317	2,911	3,374	5,460	6,782	7,507	7,904
EBITDA ¹	2,314	2,782	1,857	2,190	3,487	4,263	4,689	4,963
EBIT ¹	2,196	2,558	1,599	1,907	3,159	3,721	4,216	4,489
Operating Margin	61.05%	59.24%	54.94%	56.51%	57.86%	54.87%	56.16%	56.79%
Earnings before Tax (EBT) ¹	-	2,923	2,163	2,265	3,670	4,630	5,127	5,400
Net income ¹	-	2,339	1,725	1,892	2,906	3,628	3,835	4,039
Net margin	-	54.17%	59.24%	56.07%	53.23%	53.49%	51.09%	51.1%
EPS ²	-	33.19	24.48	26.85	41.25	51.49	54.40	57.30
Free Cash Flow ¹	160.8	1,522	721.2	145	2,842	2,718	2,336	1,848
FCF margin	4.47%	35.26%	24.78%	4.3%	52.05%	40.08%	31.12%	23.38%
FCF Conversion (EBITDA)	6.95%	54.72%	38.85%	6.62%	81.51%	63.77%	49.82%	37.24%
FCF Conversion (Net income)	-	65.08%	41.82%	7.67%	97.79%	74.93%	60.91%	45.75%
Dividend per Share ²	-	3.000	3.000	3.000	4.500	6.000	4.100	4.300
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	5/20/24	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	161	1,522	721	145	2,842	2,718	2,336	1,848
ROE (net income / shareholders' equity)	16.5%	18.5%	11.9%	11.7%	15.9%	17%	15.5%	14.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	193.0	217.0	241.0	279.0	326.0	376.0	429.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1,499	570	576	1,487	124	1,037	5,500	5,500
Capex / Sales	41.69%	13.2%	19.8%	44.08%	2.27%	15.29%	73.26%	69.59%
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	5/20/24	-	-

¹INR in Million²INR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

921.3 INR

Average target price

987 INR

Spread / Average Target

+7.13%

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