Financials Nesco Limited

Equities

Market Closed - Bombay S.E. Other stock markets 06:00:49 2024-05-23 am EDT			5-day change	1st Jan Change
885.3 ^INR	-1.71%		+0.12%	+0.27%

May. 20	Nesco Limited Reports Earnings Results for the Full Year Ended March 31, 2024	CI
May. 20	Nesco Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	33,962	34,420	37,161	38,954	36,438	63,463	-
Enterprise Value (EV) ¹	33,962	34,420	37,161	38,954	36,438	63,463	63,463
P/E ratio	-	14.7 x	21.5 x	20.6 x	12.5 x	18 x	15.7 x
Yield	-	0.61%	0.57%	0.54%	0.87%	0.42%	0.48%
Capitalization / Revenue	9.44 x	7.97 x	12.8 x	11.5 x	6.67 x	9.55 x	8.49 x
EV / Revenue	9.44 x	7.97 x	12.8 x	11.5 x	6.67 x	9.55 x	8.49 x
EV / EBITDA	14.7 x	12.4 x	20 x	17.8 x	10.4 x	14.8 x	12.4 x
EV / FCF	211 x	22.6 x	51.5 x	269 x	12.8 x	23.8 x	-38 x
FCF Yield	0.47%	4.42%	1.94%	0.37%	7.8%	4.2%	-2.63%
Price to Book	-	2.54 x	2.43 x	2.29 x	1.85 x	2.77 x	2.38 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	900.7	900.7
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,596	4,317	2,911	3,374	5,460	6,644	7,472
EBITDA ¹	2,314	2,782	1,857	2,190	3,487	4,285	5,135
EBIT ¹	2,196	2,558	1,599	1,907	3,159	3,721	4,572
Operating Margin	61.05%	59.24%	54.94%	56.51%	57.86%	56.01%	61.19%
Earnings before Tax (EBT) ¹	-	2,923	2,163	2,265	3,670	4,538	5,421
Net income ¹	-	2,339	1,725	1,892	2,906	3,525	4,055
Net margin	-	54.17%	59.24%	56.07%	53.23%	53.06%	54.27%
EPS ²	-	33.19	24.48	26.85	41.25	50.00	57.50
Free Cash Flow ¹	160.8	1,522	721.2	145	2,842	2,666	-1,669
FCF margin	4.47%	35.26%	24.78%	4.3%	52.05%	40.13%	-22.34%
FCF Conversion (EBITDA)	6.95%	54.72%	38.85%	6.62%	81.51%	62.22%	-
FCF Conversion (Net income)	-	65.08%	41.82%	7.67%	97.79%	75.63%	-
Dividend per Share ²	-	3.000	3.000	3.000	4.500	3.800	4.300
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	161	1,522	721	145	2,842	2,666	-1,669
ROE (net income / shareholders' equity)	16.5%	18.5%	11.9%	11.7%	15.9%	16.6%	16.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	193.0	217.0	241.0	279.0	325.0	378.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	1,499	570	576	1,487	124	500	5,500
Capex / Sales	41.69%	13.2%	19.8%	44.08%	2.27%	7.53%	73.61%
Announcement Date	5/24/19	5/19/20	5/28/21	5/25/22	5/24/23	-	-

¹INR in Million²INR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

900.7 INR

Average target price

836 INR

Spread / Average Target

-7.18%

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