AR 2021 notes
- 80% of Tower 03 and 75% of Tower 04 are occupied
- Company’s liquid resources (fixed maturity plans, mutual funds, cash and bank balances) increased by 19.48% to 819.23 cr. from 685.67 cr.
- There was a decrease in the managerial remuneration for the year by 31.64% and increase in compensation of other employees by ~10%
- Expansion plans
o Nesco IT Park is expecting to complete the designing & finalization of plans for the new Tower 02 which will be located in place of legacy IT building 02 and the adjoining areas. The designs are made by Singapore Based Architects – Aedas and the total development size will be about 4.6 million sq. ft. that includes office space, hotel, car parking and other amenities. Estimated cost is 1800 cr. with outflow spread over 5-years
o IT Park Division is planning to complete the F&B and Retail areas in Tower 04 which include new Restaurants, Food Court, Gym, Convenience Store, Salon and a Coffee Shop. The expected cost is approximately 50 cr. - Indabrator division, the abrasive plant manufacturing capacity of 2000 MT/annum has been ramped-up to 6000 MT/annum and expected to generate revenue of approximately 25 cr. on full capacity basis
- Number of shareholders: 39’865, price (low): 380, price (high): 639
Here are the detailed business metrics since FY13.
| FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenues | 162.74 | 181.42 | 223.07 | 297.08 | 357.20 | 358.00 | 392.60 | 474.28 | 355.70 |
| IT Park | 27.86 | 47.83 | 90.67 | 124.40 | 141.91 | 145.40 | 137.00 | 214.17 | 246.06 |
| Exhibition centre | 90.52 | 94.89 | 85.86 | 111.83 | 132.77 | 129.70 | 156.00 | 158.60 | 5.95 |
| Hospitality services | 5.60 | 20.40 | 34.10 | 35.68 | 13.00 | ||||
| Indabrator | 25.08 | 18.39 | 17.91 | 27.93 | 33.89 | 26.40 | 32.50 | 23.27 | 26.09 |
| Investments | 19.28 | 20.31 | 28.62 | 32.90 | 42.98 | 36.10 | 33.00 | 42.55 | 64.60 |
| KMP remuneration (cr.) | 3.60 | 3.75 | 5.11 | 6.06 | 7.06 | 7.58 | 8.02 | 21.49 | 13.54 |
| Audit fees (lakhs) | 7.85 | 9.55 | 11.01 | 11.50 | 15.60 | 19.85 | 21.69 | 21.68 | 21.76 |
| Employees | 121.00 | 135.00 | 166.00 | 131.00 | 159.00 | 155.00 | 130.00 |
Disclosure: Invested (position size here)