Nesco Ltd. share price target and research reports

30 Nov 2022

1115.70

-2.22%

Nesco Limited

Buy: Nesco Ltd.

ICICI Direct

16 Nov 2021

1115.70

-2.22%

Nesco Limited

Buy: Nesco Ltd.

Target

ICICI Securities Limited

...

30 Sep 2020

1115.70

-2.22%

NESCO

Accumulate: Nesco Ltd.

East India Securities Ltd

14 Nov 2019

1115.70

-2.22%

NESCO Limited is a tool manufacturing company. The Company operates in two divisions: Bombay exhibition center/realty division and engineering division. The Company's engineering products include forging hammers and presses, blowroom lines and high production cards for the textile industry, and and sucker rod pumps for onshore oil recovery. The Company also provides equipment to the Indian Railways,...

09 Oct 2019

1115.70

-2.22%

NESCO Limited

Buy: Nesco Ltd.

Joindre Capital Services

New Standard Engineering Company Ltd, now renamed as Nesco Limited, owns a 65acre land parcel near Mumbai's airport is exhibition centerbusiness& rentals of IT parks. Bombay Exhibition Centre (BEC) India's largest in the private sector & was started in 1991. Nesco also has a capital goods division based in Gujarat, where it owns 15 acres of land and has 3 units. In 1986, the company diversified into the realty business by developing and providing customized builtup space for multinational companies and leading corporate at Goregaon. Its business segments include Nesco IT Park, Bombay Exhibition Centre, Indabrator, and Investment and other income. Nesco has also started...

07 Aug 2019

1115.70

-2.22%

Nesco Limited

Buy: Nesco Ltd.

Target

ICICI Securities Limited

Nesco reported a steady set of numbers in Q1FY20. On the operational front, Nesco IT Park Tower 4 has been completed while license agreements with reputed clients viz. WeWorks, KPMG etc, have been finalised. This tower could generate gross revenues to the tune of | 200 crore once fully leased. Going ahead, Nesco is considering taking up two new projects - New Hall in BEC (~2.5 lsf) and New IT Park tower 2 (~24 lsf) at total capex of ~| 1,700...

28 Aug 2018

1115.70

-2.22%

Nesco Limited

Buy: Nesco Ltd.

Target

ICICI Securities Limited

As per media sources, Brihanmumbai Municipal Corporation (BMC) has allowed Nesco to hold events and exhibitions at Bombay Exhibition Centre (BEC). Few days ago, a letter from Municipal Corporation of Greater Mumbai (MCGM) was circulated over media that said MCGM had asked Nesco to discontinue events, exhibitions at BEC. Hence, as per recent media reports, BMC's ward officer had directed Nesco to stop hosting events at BEC until completion of construction of Metro. Nesco...

19 Mar 2018

1115.70

-2.22%

NESCO (Visit Note): Capitalizing on location!

Mgmt Note: Nesco Ltd.

HDFC Securities

We estimate 18/16% revenue/PAT CAGR over FY18-FY21E. At Rs 542, NESCO trades at 24.6/21.4/14.8x FY19/20/21E EPS. Our SOTP based Mar-20 fair value for the stock is Rs 713 implying a 14.7% investment CAGR over the next two years. We believe that the target price may be achieved earlier as construction of IT Park 4 nears completion (est. Dec'18-Mar'19). We recently met the management of NESCO and were impressed by the companys execution skills and its longer term vision. NESCO leases out IT office space (0.8 msft) and exhibition centers (0.6 msft) in Goregaon (Mumbai) off the Western Express highway on a legacy land parcel of 65 acres.

23 Nov 2017

1115.70

-2.22%

Nesco Limited

Buy: Nesco Ltd.

ICICI Securities Limited

22 Nov 2017

1115.70

-2.22%

Nesco Limited

Mgmt Note: Nesco Ltd.

ICICI Securities Limited

We met the management of NESCO Ltd (NESCO). Key takeaways are: -i) NESCO is focused on a steady & planned expansion of its key businesses to capture timely opportunities in real estate industry, ii) made an outlay of capex of | 1500 crore (already spent | 270 crore) to support its expansion plans to be funded largely via internal accruals, iii) plans to double IT park capacity by setting up IT Park 4 with leasable area of 1.2 msf (mn sq ft) and iv) set up convention and auditorium centre, with total development of 0.8 msf. We like NESCO given the prudent management...