NESCO is an Indian company involved with the licensing and leasing of various types of real estate with a special focus on commercial real estate. Group companies of NESCO also have an interest in the arts and entertainment, hospitality, exhibitions, and engineering sectors. The company has been operating since 1946 and has its headquarters in Mumbai.
On 21 December 2022, the market capitalisation of the company was Rs 4,323.07 crore. It reported consolidated sales of Rs 337.4 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 505355 and the National Stock Exchange with the code NESCO.
On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 68.54%, mutual funds and Domestic institutional investors (DIIs) held a 3.36% stake, and the public held a stake of 27.16% in the company, while foreign institutional investors (FII), at present, have no stake in the company. The company’s shareholding pattern has remained largely consistent over the past year, with the exception that the FII stake in the company has gone down from around 2% to nil.
The company’s board of directors comprises Krishna S Patel, Sumant J Patel, Sudha S Patel, Amrita Verma Chowdhury, Jai S Diwanji, K S Srinivasa Murty, Mahendra K Chouhan, and Manu M Parpia. The auditors are Manubhai & Shah LLP. On 30 September 2022, the company had a total of 7.05 crore shares outstanding.
On 21 December 2022, NATCO Ltd.’s share price on BSE was Rs 614.70, and it was Rs 615.00 on NSE. The share price touched a 52-week high of Rs 686.45 and a 52-week low of Rs 501.95. Its three-month return to investors was 2.58%, while its one-year return was 7.72%.
As of November 2022, Franklin India Smaller Companies Direct had invested Rs 113.36 crore in the company, while UTI Small Cap Fund Direct-G and ICICI Pru S&P BSE 500 ETF-G had invested Rs 23.5 and Rs 0.01 crore, respectively.
The company’s peers include Mahindra Lifespace, Sobha, and Sunteck Realty.
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