Company Overview

Nesco Limited (CIN: L68100MH1946PLC004886), incorporated in 1946, is a diversified conglomerate with businesses spanning real estate, exhibitions, events, hospitality, engineering, and wayside amenities. The company operates primarily from its integrated campus at Nesco Center in Goregaon, Mumbai, and manufacturing facilities in Gujarat.

Financial Performance Highlights FY 2025-26

Nesco delivered exceptional financial results with record revenue of ₹1,031.58 crores (21.98% increase YoY) and PAT growth of 10.02% to ₹412.80 crores. Key metrics include:

  • EBITDA: ₹589.96 crores
  • Profit Before Tax (PBT): ₹515.67 crores (5.42% increase YoY)
  • Earnings Per Share (Basic): ₹58.59 (₹53.25 in previous year)
  • Net Worth: ₹2,996.49 crores
  • Debt Position: Remain debt-free with liquid resources of ₹1,471.62 crores
  • Current Ratio: 2.63 (Previous year: 2.50)
  • Return on Equity: 14.67%

Business Segment Performance

Nesco Realty

Revenue: ₹397.92 crores (8.67% increase YoY) with 100% occupancy across Towers 3 & 4, serving 26 global clients with Net Promoter Score of 94.80.

Bombay Exhibition Center (BEC)

Revenue: ₹259.82 crores (29.72% increase YoY) hosting 100+ exhibitions and 2+ million visitors, with new Hall 6 operational.

Nesco Foods

Revenue: ₹238.51 crores (107.13% increase YoY) with 80,000 meals per day capacity across 25+ venues.

Indabrator (Engineering)

Revenue: ₹35.81 crores with key ₹8.51 crores order from Chittaranjan Locomotive Works.

Wayside Amenities (WSA)

Development phase with construction begun on 4 sites of Hyderabad-Visakhapatnam Expressway and 9 sites secured across express corridors.

Strategic Developments & Expansion

Nesco received IOD from BMC for Tower 2 Development featuring 5.01 million sq. ft. total constructed area including 2.50 million sq. ft. premium office space and 700+ premium rooms. The project timeline is 60 months from commencement, funded through internal accruals. The company also plans Hall redevelopment at BEC and expanded Wayside Amenities with fuel stations, food courts, retail, and EV charging.

Corporate Actions & Capital Management

The Board recommended a dividend of ₹7.00 per equity share (₹6.50 previous year) with total payout of ₹49.32 crores. Record date is 20 July 2026 with payment on or before 12 August 2026. The company capitalized ₹316.43 crore in Property, Plant and Equipment including Right-of-Use assets.

ESG & Sustainability Performance

Nesco demonstrated strong ESG credentials with:

  • 94% renewable energy usage and multiple LEED Platinum certifications
  • Zero lost-time injuries and zero fatalities across operations
  • CSR spend of ₹8.30 crores focused on education, healthcare, and community development
  • Certified as Great Place to Work for second consecutive year with 100% employee participation
  • 74.31% of input material sourced from MSMEs/small producers within India

Governance & Director Appointments

The 67th AGM on 27 July 2026 will seek shareholder approval for:

  • Re-appointment of Mrs. Sudha S. Patel as Non-Executive, Non-Independent Director
  • Appointment of Mr. Rajesh G. Upadhyay as Whole-time Director designated as Executive Director (Commercial & Operations) for 3 years
  • Ratification of cost auditors' remuneration of ₹50,000 for FY27 audit

The Board composition includes 6 Directors (4 Independent, 2 Non-Independent) with comprehensive governance framework.

Regulatory Compliance & Disclosures

SEBI imposed ₹0.05 crores penalty for continuation of Independent Director beyond tenure. The company maintained full compliance with secretarial audit showing no qualifications. All related party transactions conducted at arm's length basis.

Outlook

With RBI projecting India's growth at 6.9% for FY26-27, Nesco is well-positioned to benefit from urbanization, GCC expansion, infrastructure development, and premiumization trends through cost optimization, operational reliability, and scalable growth initiatives.