Month: December 2017

A Short and Simple Rational Investing Quotes Form World’s Most Successful Investor Warren Buffett

A Short and Simple Rational Investing Quotes Form World’s Most Successful Investor Warren Buffett

  • When we own portions of outstanding businesses with outstanding Managements, our favorite holding period is forever.
  • Do not take yearly results too seriously. Instead, focus on four-or five-year averages.
  • If you feel that you can dance in and out of securities in a way that defeats the inflation tax, I would like to be your broker—but not your partner.
  • If past history was all there was to the game, the richest people would be librarians.
  • Market forecasters will fill your ear but never fill your wallet.
  • Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management, and limited exposure to hard times.
  • I read annual reports of the company I’m looking at, and I read the annual reports of the competitors—that is the main source of material.
  • Problems in a company are like cockroaches in the kitchen. “You will never find just one.”
  • If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.

(Source : My Warren Buffett Bible By Robert L. Bloch, Ebook ISBN: 978-1-63450-994-7) 

Nesco Ltd – Portfolio Stock

Nesco ltd

Nesco Ltd Established in 1939 April as the New Standard Engineering Co. Ltd. (NSE), Nesco Ltd known as a pioneer in the tool manufacturing segment, as it brought into the country, world class processes and designs for the manufacture of a number of engineering products. Equipment such as forging hammers and presses, blowroom lines and high production cards for the textile industry; and sucker rod pumps for on-shore oil recovery were some of the main product lines that emerged as market leaders. As the products manufactured were high in quality, the companies soon saw an incremental rise in its exports, and not only are it products market leaders in India, but also have found a niche overseas.

In order to reflect on the various new avenues that the company was entering into, the promoters of the New Standard Engineering Company, decided to change the name to Nesco Limited. This reflected in the Company's transformation from a pure play Engineering Company to that of a diversified one, whose diversification entailed it to be a player in the services segment.

Today, the Engineering Group of Nesco continues to be a leading provider of this equipment to the Indian Railways, numerous Ordnance Factories, and Forging Plants.

While the company originally operated from Byculla, and set up two more plants at Parel and Santacruz. In 1959 it consolidated all these three operations and moved to a 70 acre estate on the Western Express Highway at Goregaon in Mumbai.

In 1986, the company diversified into the realty business by developing and providing customized built-up space for multinational companies and leading corporates at Goregaon.

In 1992, the company setup an exhibition centre – known as the Bombay Exhibition Centre – at its complex on the Western Express Highway at Goregaon, Mumbai. Starting with a hall area of 2, 00,000 sq. ft., this has now been expanded to over 5, 00,000 sq. ft. This venue holds the distinction of being the largest exhibition center promoted by the private sector in India and has hosted over 500 national and international exhibitions, trade fairs, and events since inception. What sets this Venue apart from the rest is the presence of various permanently air conditioned hall's ranging from an area of 2,000 Sq. Mts to 20,000 Sq. Mts.

Milestones Achieved:

First to bring into India, world class manufacturing process and product designs for Forging tools and pumps for on-shore oil recovery.

First Private Exhibition Center located in the heart of Mumbai, just adjacent to the Western Express Highway, which serves as an important arterial road transporting goods to and from the City.

A 100% Debt free company with considerable cash reserves.

As per 58th Company Annual Report (2016-17)

1) Nesco IT Park:

Income for the year was Rs. 14,191.14 lakhs (previous year Rs.  12,440.45 lakhs), an increase of 14.07%. Nesco Ltd has started construction of IT building 4, having built up area of approx. 17,00,000 sq. ft. So far Rs.  25,610.04 lakhs has been spent on IT building 4. The building is pre-certified Platinum rated under the LEED India for Core & Shell rating system from the Indian Green Building Council. IT buildings 1, 2 and 3 are fully occupied by well renowned companies. Hall 3 provides Incubation Centre; and, Child Care Centre for children of employees working in Nesco IT Park.

 2) Bombay Exhibition Centre:

Income for the year was Rs. 13,276.56 lakhs compared to Rs. 11,183.36 lakhs in the previous year, an increase of 18.72%. An amount of Rs.  345.51 lakhs was spent during the year for additional space, adding more facilities and improving infrastructure. During the year 109 exhibitions and conventions were held in our Centre, out of which 27 were new organizers. Some of the new clients include Business Live, Radeecal Exhibitions, I for Africa, Beyond Infotainment, Times Conferences Ltd., Sumansa Exhibitions. Narayan Seva Sansthan had this year organized wedding ceremony for 101 couples at Bombay Exhibition Centre. Our Centre continues to bring more visitors to Mumbai than any other venue. Nesco Ltd. has decided to build a new world class exhibition and convention center with integrated facilities. Plans for construction of first phase admeasuring 15,00,000 sq. ft. are being finalized.

3) Nesco Hospitality Private Limited:

Nesco Hospitality Private Limited, wholly owned subsidiary of Nseco Ltd, earned revenue of Rs.  568.32 lakhs as compared to Rs.  222.75 lakhs during the previous year, profit before tax was Rs.  71.52 lakhs The Company has commissioned two food courts and started food services within Nesco Complex with leading international and national food brands and is targeting to cater to the growing demand of quality food services from the exhibition organizers, exhibitors, visitors and employees working in Nesco IT Park. Nesco Ltd is now setting up a large kitchen facility in area admeasuring approx. 24,000 sq. ft. This facility is expected to be operational from July 2017. The facility will have capacity to produce about 15,000 meals per day. An investment of about Rs.  15 Crores is being made in this new world class, hygienic, kitchen facility.

4) Indabrator:

             In the year under review, Indabrator income was Rs.  3,388.52 lakhs (previous year Rs.  2,793.44 lakhs), an increase of                       21.30%.   Indabrator has recently won several large contracts, and has completed its expansion of machine building division at its          Vishnoli Complex, Gujarat.

5) Investments:

            Income from investments and other income were Rs.  4,298.23 lakhs (previous year Rs.  3,290.29 lakhs).

Anual Performance

Stock Share Price NESCO LTD Get Quote nesco BSE

(Source :

Market Cap.: 3,699.15 Cr.
Current Price: 525.00
Book Value: 132.60
Stock P/E: 20.46
Face Value: 2.00
Listed on BSE and NSE
52 Week High/Low: 587.60 Rs/ 370.00 Rs

One Can Invest in this Company For Long term @ CMP 528 Rs. add more on deep