Nexus Select Trust

NSE: NXSTBSE: 543913

₹ 156.70▼ 1.29 (−0.82%)28 Oct, 03:29 pm IST

Market cap: ₹ 23,955 Cr.
P/E: 54x
P/B: 1.82x
52-week range: 150 – 191.9
ROE: 3%
ROCE: 6%
Dividend yield: 5.8%
Debt / equity: 0.47
Sector: Realty
Industry: Real Estate Investment Trusts (REITs)
Listed on: NSE, BSE

About

Nexus Select Trust is an India-based retail real estate investment trust (REIT). The Company's portfolio comprises approximately 19 Grade-A urban consumption centers with a gross leasable area of 10.7 million square feet spread across 15 cities in India, three complementary hotel assets (450 keys) and three office assets with a gross leasable area of over 1.3 million square feet. Its consumption centers have a tenant base of over 1,000 domestic and international brands spanning across 3,200 stores. Its segments include Urban consumption centre (Mall), Office, Hospitality, and Others. Its Others segment is generation of renewable energy. Its portfolio includes Nexus Select Citywalk, Nexus Elante, Nexus Seawoods, Nexus Ahmedabad One, Nexus Hyderabad, Nexus Vijaya, Nexus Esplanade, Nexus Westend, Nexus Koramangala, Nexus Amritsar, Nexus Shantiniketan, Nexus Celebration, Nexus Whitefield, Fiza by Nexus, Treasure Island, Nexus Indore Central and others.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Real Estate Investment Trusts (REITs): 8 companies →

Nexus Select Trust against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

Valuation (P/E)54 against a typical 54: in line than most peers (1st = cheapest).4th of 7
Sales growth+10.9% against a typical +22.5% from a year earlier.4th of 4
Profit growth+30.8% against a typical +46.9% from a year earlier.3rd of 4
Share price, 3 months−6.3% against a typical −5.7%.5th of 8
Size₹ 23,955.2 Cr. market value against a typical ₹ 36,168.2 Cr. (1st = largest).4th of 4

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Highest safety

Rated AAA by 2 agencies

AAA

DefaultRiskyModerateSafeVery safe

All agencies agree and none has raised a warning.

Agency	Current rating	Outlook	As of
ICRA	[ICRA]AAA	Stable	8 Oct 2026
CRISIL	Crisil AAA	Stable	28 Jul 2026

Credit rating actions
		Rating
8 Oct 2026	New rating	[ICRA]AAA	Low	ICRA	₹ 750 Cr.
28 Jul 2026	Reaffirmed	Crisil AAA	—	CRISIL	₹ 2,500 Cr.
21 Apr 2026	Reaffirmed	Crisil AAA	—	CRISIL	₹ 2,500 Cr.
20 Jan 2026	Withdrawn	was Crisil AAA	—	CRISIL	₹ 3,200 Cr.

Board meetings

Results dates and other board meetings. Full calendar

		Details
3 Nov 2026Upcoming	Financial Results/Other business matters	To consider and approve the financial results for the period ended September 30, 2026 and other business matters
12 Oct 2026	Fund Raising	To consider Fund Raising
3 Aug 2026	Financial Results/Other business matters	To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
12 May 2026	Other business matters	To consider other business matters
25 Mar 2026	Other business matters	To consider and approve amendment to DTD, KID and other transaction documents to ensure accuracy of disclosures in the description of mortgaged property
2 Feb 2026	Other business matters	To consider and approve Unaudited Standalone and Consolidated Financial Results of the Trust for the quarter and nine months ended December 31, 2025, subject to limited review by the Statutory Auditors and Declaration of Distribution to Unitholders of the Trust for the quarter ended December 31, 2025.
1 Dec 2025	Fund Raising	To consider Fund Raising

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	541	571	542	554	557	594	580	614	631	671	652	681
Expenses	183	185	166	180	179	189	182	192	203	220	225	212
Operating Profit	357	387	375	374	378	405	398	421	428	451	428	469
OPM %	66%	68%	69%	67%	68%	68%	69%	69%	68%	67%	66%	69%
Other Income	18	19	20	28	21	39	35	26	21	23	23	25
Interest	95	97	93	91	93	104	106	112	116	116	114	116
Depreciation	147	148	148	145	147	148	146	155	162	153	150	151
Profit before tax	134	161	156	165	159	193	181	180	172	204	187	227
Tax %	−88%	34%	6%	15%	31%	38%	37%	34%	23%	32%	93%	31%
Net Profit	251	107	146	140	110	119	114	120	132	139	12	157
EPS in Rs	1.66	0.71	0.97	0.92	0.73	0.78	0.75	0.79	0.87	0.92	0.08	1.03

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth

10 Years: —
5 Years: —
3 Years: —
TTM: 12%

Compounded Profit Growth

10 Years: —
5 Years: —
3 Years: 402%
TTM: −5%

Stock Price CAGR

10 Years: —
5 Years: —
3 Years: 12%
TTM: —

Return on Equity

10 Years: —
5 Years: —
3 Years: 4%
TTM: —

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 54xEPS (12 months) ₹ 2.91Median P/E 46.5x

P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison

Nexus Select Trust	₹ 156.70	₹ 23,955 Cr.	54x	1.8x	3%	—
Prestige Estates Projects	₹ 1,400.00	₹ 60,302 Cr.	61x	4.5x	7.5%	10.3%
Embassy Office Parks REIT	₹ 422.00	₹ 40,001 Cr.	54.6x	2.1x	4.3%	20.3%
WeWork India Management	₹ 630.90	₹ 8,782 Cr.	62.8x	30.8x	—	3.2%
NESCO	₹ 988.20	₹ 6,963 Cr.	18.4x	2.6x	14.7%	44.3%
Max Estates	₹ 480.00	₹ 7,887 Cr.	422.4x	2.8x	0.6%	7.9%

Management

Dalip Sehgal: Chief Executive Officer, Non-Independent Director of the Manager
Rajesh Deo: Chief Financial Officer of the Manager
Jayen Naik: Chief Operating Officer of the Manager
Rohan Vaswani: Chief Human Resource Officer of the Manager
Nishank Joshi: Chief Marketing Officer of the Manager
Nilesh Singh: Vice President - ESG and Business Excellence of the Manager
Ruchika Nayyar: Head-Legal (General Counsel) of the Manager
Nirzar Jain: Chief Leasing Officer of the Manager

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