NSE: NESCO | BSE: 505355 | ISIN: INE317F01035

INDUSTRY : Misc. Commercial Services

Nesco Ltd.

Expensive Performer

430.80 -14.85 (-3.33%)

New 52W Low in past week

NSEMay 29, 2020 15:31

Check Buy or Sell



Nesco Ltd.    
21 May 2020
430.80
-3.33%
Nirmal Bang Institutional
Employee benefit expenses increases by 23% YoY basis in 4QFY20: Employee benefit expenses increased by 23% YoY basis in 4QFY20 and 9% YoY for FY20. This is primary because of increase in managerial remuneration from 1% of proft earlier to ~3% of profits. Other expenses increases by 83% YoY basis in 4QFY20: Other expenses increased by 83% YoY basis in 4QFY20 and 34% YoY in FY20. This is mainly because of change in accounting policy with regards costs incurred for capital projects before approvals are received. These cost earlier formed a part of capital work in progress, however they are now charged to profit and loss on cash basis. Also, in 4QFY20, company has paid...
Nirmal Bang Institutional released a Buy report for Nesco Ltd. with a price target of 769.0 on 21 May, 2020.
Nesco Ltd.    
20 May 2020
430.80
-3.33%
Nirmal Bang Institutional
NESCO's reported net profit growth of 3% YoY in 4QFY20 was driven by strong revenue growth of 86% YoY from NESCO IT Park. The company has a strong balance sheet with net cash of Rs6.85bn, which will help the company in the planned capex for expansion. NESCO's net profit of Rs529mn for 4QFY20, up 3% YoY, was primarily driven by revenue growth...
Nesco Ltd. high volume past week with price gain of 10.40.
Nesco Ltd.    
12 May 2020
430.80
-3.33%
Nirmal Bang Institutional
We recently had a call with Mr. Dipesh Singhania, CFO of NESCO Limited (NESCO) to discuss the recent developments regarding the impact of the COVID-19 outbreak on the company's exhibition and IT Park businesses. The Bombay Exhibition Center (BEC) has been converted into a quarantine center for coronavirus patients. Currently, there is no clarification from the Maharashtra government authorities regarding the duration for which the BEC has been converted into a quarantine center. Mr. Singhania mentioned that it is highly probable that the letting out of exhibition halls as quarantine centers will be a CSR activity by the company....
Nesco Ltd. high volume past week with price gain of 10.40.
Nesco Ltd.    
24 Mar 2020
430.80
-3.33%
Nirmal Bang Institutional
We recently had a call with Mr. Dipesh Singhania, CFO of NESCO Limited (NESCO) to discuss the impact of the COVID-19 outbreak on the exhibition business in general and on the near term operational performance in specific. The Bombay Exhibition Center (BEC) is expected to witness a temporary setback. The management mentioned that the virus outbreak is a special case situation and hence the regular clauses of agreement with regards to rescheduling and cancellations might not apply. The management expressed its intentions of accommodating its clients in the best possible manner. The exhibitions which were scheduled up to 20th April 2020 have been rescheduled. Currently,...
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Nirmal Bang Institutional released a Buy report for Nesco Ltd. with a price target of 769.0 on 21 May, 2020.
Nesco Ltd.    
17 Mar 2020
430.80
-3.33%
Nirmal Bang Institutional
The recent outbreak of COVID-19 (corona virus) in India has caused panic across the board besides raising concerns regarding the production and consumption activities slowing down across sectors in the wake of implementation of quarantine measures. The Nifty 50...
Nesco Ltd. high volume past week with price gain of 10.40.
Nesco Ltd.    
10 Feb 2020
430.80
-3.33%
Nirmal Bang Institutional
NESCO's strong net profit growth of 64% YoY in 3QFY20 was driven by strong revenue growth from NESCO IT Park and NESCO Foods segments. The company has a strong balance sheet with net cash of Rs6.7bn, which will help the company in the planned capex for expansion. NESCO's net profit of Rs691mn for 3QFY20, up 64% YoY, was primarily driven by revenue growth of 30% YoY. The key drivers of growth were (1) Leasing of additional ~20% area in the newly...
Nirmal Bang Institutional released a Buy report for Nesco Ltd. with a price target of 769.0 on 21 May, 2020.
Nesco Ltd.    
16 Jan 2020
430.80
-3.33%
Nirmal Bang Institutional
Tower 4 witnessing strong demand; plans for expansion on track BUY We recently met the management of NESCO Ltd. The key takeaways are: (1) Strong demand continues for Tower 4 at competitive rates (2) New Tower 2 at planning stage (3) Plans to add 0.15mn sq. ft. of space in Bombay Exhibition Center (BEC) by FY21E on track and (4)...
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Nesco Ltd. has lost -29.04% in the last 6 Months
Nesco Ltd.    
14 Nov 2019
430.80
-3.33%
buy
Hem Securities
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,...
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Nesco Ltd. has lost -29.04% in the last 6 Months
Nesco Ltd.    
13 Nov 2019
430.80
-3.33%
Nirmal Bang Institutional
NESCO's strong net profit growth of 50% YoY in 2QFY20 was accompanied by operating cash flow post tax growth of 12% YoY. The company has a strong balance sheet with net cash of Rs5.7bn which will help the company in the planned capex for expansion. NESCO's net profit of Rs740mn for 2QFY20, up 50% YoY, was primarily driven by revenue growth of 21% YoY. The key drivers of growth were (1) Straight line impact of Rs162mn on account of Ind As 116 (non cash increase) (2) BEC revenue increasing partly because of commencement of new segment in the form of NESCO Exhibitions. The increase in revenue has been offset by: (1) Higher other expenses on account of multiple one time costs being recognised and (2) Higher...
Nesco Ltd. has gained 10.40% in the last 1 Week
Nesco Ltd.    
13 Nov 2019
430.80
-3.33%
Nirmal Bang
NESCO's strong net profit growth of 50% YoY in 2QFY20 was accompanied by operating cash flow post tax growth of 12% YoY. The company has a strong balance sheet with net cash of Rs5.7bn which will help the company in the planned capex for expansion. NESCO's net profit of Rs740mn for 2QFY20, up 50% YoY, was primarily driven by revenue growth of 21% YoY. The key drivers of growth were (1) Straight line impact of Rs162mn on account of Ind As 116 (non cash increase) (2) BEC revenue increasing partly because of commencement of new segment in the form of NESCO Exhibitions. The increase in revenue has been offset by: (1) Higher other expenses on account of multiple one time costs being recognised and (2) Higher...
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Nesco Ltd. has lost -40.23% in the last 3 Months