Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NESCO
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 157 | 137 | 175 | 178 | 189 | 141 | 192 | 207 | 192 | 193 | 239 | 248 | 252 |
| Expenses + | 58 | 51 | 66 | 64 | 72 | 55 | 73 | 81 | 85 | 83 | 103 | 122 | 134 |
| Operating Profit | 99 | 86 | 109 | 114 | 117 | 86 | 120 | 125 | 107 | 110 | 136 | 126 | 118 |
| OPM % | 63% | 63% | 62% | 64% | 62% | 61% | 62% | 61% | 56% | 57% | 57% | 51% | 47% |
| Other Income + | 20 | 25 | 23 | 27 | 31 | 30 | 33 | 31 | 20 | 28 | 24 | 27 | 21 |
| Interest | 2 | 3 | 5 | 6 | 0 | 3 | 6 | 2 | 1 | 4 | 5 | 8 | 8 |
| Depreciation | 9 | 14 | 14 | 14 | 12 | 12 | 12 | 13 | 13 | 11 | 12 | 13 | 14 |
| Profit before tax | 109 | 94 | 112 | 121 | 136 | 100 | 135 | 142 | 112 | 124 | 143 | 132 | 116 |
| Tax % | 22% | 19% | 22% | 23% | 23% | 31% | 21% | 22% | 21% | 22% | 17% | 21% | 20% |
| Net Profit + | 85 | 76 | 88 | 94 | 105 | 70 | 107 | 110 | 89 | 96 | 119 | 105 | 93 |
| EPS in Rs | 12.05 | 10.80 | 12.46 | 13.31 | 14.92 | 9.90 | 15.17 | 15.60 | 12.58 | 13.64 | 16.88 | 14.85 | 13.21 |
Financials of NESCO
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 195 | 263 | 311 | 321 | 361 | 432 | 291 | 337 | 546 | 678 | 732 | 932 |
| Expenses + | 56 | 75 | 97 | 103 | 128 | 154 | 105 | 117 | 179 | 252 | 294 | 442 |
| Operating Profit | 138 | 189 | 215 | 218 | 233 | 278 | 186 | 220 | 367 | 426 | 438 | 490 |
| OPM % | 71% | 72% | 69% | 68% | 64% | 64% | 64% | 65% | 67% | 63% | 60% | 53% |
| Other Income + | 28 | 33 | 43 | 36 | 32 | 43 | 65 | 44 | 45 | 105 | 114 | 100 |
| Interest | 0 | 4 | 5 | 6 | 5 | 6 | 8 | 9 | 12 | 14 | 12 | 25 |
| Depreciation | 7 | 7 | 8 | 11 | 12 | 22 | 26 | 28 | 33 | 54 | 50 | 49 |
| Profit before tax | 160 | 211 | 244 | 238 | 248 | 292 | 216 | 226 | 367 | 463 | 489 | 516 |
| Tax % | 30% | 32% | 30% | 25% | 27% | 20% | 20% | 16% | 21% | 22% | 23% | 20% |
| Net Profit + | 112 | 144 | 170 | 179 | 180 | 234 | 172 | 189 | 291 | 363 | 375 | 413 |
| EPS in Rs | 15.82 | 20.45 | 24.11 | 25.36 | 25.61 | 33.19 | 24.48 | 26.85 | 41.25 | 51.49 | 53.25 | 58.58 |
| Dividend Payout % | 8% | 8% | 9% | 9% | 10% | 9% | 12% | 11% | 11% | 12% | 12% | 12% |
Financials of NESCO
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 525 | 667 | 837 | 997 | 1,156 | 1,343 | 1,515 | 1,684 | 1,950 | 2,282 | 2,615 | 2,982 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 272 |
| Other Liabilities + | 137 | 159 | 182 | 172 | 178 | 252 | 293 | 273 | 298 | 354 | 385 | 421 |
| Total Liabilities | 676 | 841 | 1,033 | 1,183 | 1,349 | 1,610 | 1,822 | 1,972 | 2,263 | 2,650 | 3,016 | 3,689 |
| Fixed Assets + | 159 | 165 | 188 | 229 | 213 | 776 | 759 | 846 | 804 | 757 | 916 | 1,175 |
| CWIP | 100 | 143 | 262 | 357 | 509 | 2 | 51 | 82 | 86 | 162 | 753 | 763 |
| Investments | 384 | 442 | 482 | 499 | 531 | 672 | 810 | 846 | 1,161 | 1,494 | 1,135 | 1,520 |
| Other Assets + | 33 | 90 | 101 | 99 | 96 | 160 | 202 | 197 | 212 | 237 | 211 | 231 |
| Total Assets | 676 | 841 | 1,033 | 1,183 | 1,349 | 1,610 | 1,822 | 1,972 | 2,263 | 2,650 | 3,016 | 3,689 |
Financials of NESCO
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 103 | 137 | 153 | 146 | 171 | 208 | 130 | 163 | 297 | 377 | 349 | 388 |
| Cash from Investing Activity + | -91 | -110 | -153 | -123 | -155 | -157 | -133 | -142 | -268 | -334 | -315 | -610 |
| Cash from Financing Activity + | -11 | -25 | -0 | -19 | -20 | -47 | -0 | -21 | -24 | -33 | -42 | 222 |
| Net Cash Flow | 1 | 1 | -0 | 4 | -4 | 4 | -3 | 0 | 5 | 10 | -8 | 0 |
| Free Cash Flow | 1 | 37 | -3 | 9 | 21 | 151 | 72 | 14 | 284 | 272 | -435 | 66 |
| CFO/OP | 109% | 105% | 103% | 93% | 106% | 95% | 89% | 94% | 101% | 113% | 107% | 101% |
Financials of NESCO
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 20 | 14 | 16 | 18 | 14 | 37 | 20 | 15 | 7 | 8 | 8 |
| Inventory Days | 271 | 248 | 138 | 159 | 107 | 119 | 83 | 56 | 36 | |||
| Days Payable | 463 | 187 | 164 | 227 | 126 | 147 | 93 | 63 | 43 | |||
| Cash Conversion Cycle | 20 | 20 | -178 | 76 | -8 | 14 | -31 | 1 | -12 | -4 | 0 | 1 |
| Working Capital Days | -39 | -18 | -23 | -107 | -54 | -37 | -56 | 2 | 2 | -21 | -23 | 117 |
| ROCE % | 29% | 35% | 33% | 26% | 23% | 24% | 16% | 15% | 22% | 22% | 21% | 18% |
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