Nexus Select Trust

NSEI:NXST Stock Report

Market Cap: ₹213.9b

Nexus Select Trust Valuation

Is NXST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NXST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NXST (₹141.17) is trading below our estimate of fair value (₹146.42)

Significantly Below Fair Value: NXST is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NXST?

Key metric: As NXST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NXST. This is calculated by dividing NXST's market cap by their current earnings.
What is NXST's PE Ratio?
PE Ratio42.5x
Earnings₹5.03b
Market Cap₹213.87b

Price to Earnings Ratio vs Peers

How does NXST's PE Ratio compare to its peers?

The above table shows the PE ratio for NXST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.3x
MINDSPACE Mindspace Business Parks REIT
43.8x19.6%₹223.4b
BIRET Brookfield India Real Estate Trust
108.9x44.0%₹136.7b
EMBASSY Embassy Office Parks REIT
16x-17.3%₹356.5b
PGINVIT Powergrid Infrastructure Investment Trust
8.5xn/a₹78.8b
NXST Nexus Select Trust
42.5x18.5%₹213.9b

Price-To-Earnings vs Peers: NXST is good value based on its Price-To-Earnings Ratio (42.5x) compared to the peer average (44.3x).

Price to Earnings Ratio vs Industry

How does NXST's PE Ratio compare vs other companies in the Asian Retail REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NXST 42.5xIndustry Avg. 14.1xNo. of Companies4PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NXST is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the Asian Retail REITs industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is NXST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NXST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.5x
Fair PE Ratio33.2x

Price-To-Earnings vs Fair Ratio: NXST is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NXST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹141.17
₹158.75
+12.5%
4.7%₹175.00₹150.00n/a12
Nov ’25₹144.71
₹157.50
+8.8%
5.3%₹175.00₹140.00n/a12
Oct ’25₹141.97
₹157.50
+10.9%
5.3%₹175.00₹140.00n/a12
Sep ’25₹138.27
₹157.50
+13.9%
5.3%₹175.00₹140.00n/a12
Aug ’25₹151.03
₹157.50
+4.3%
5.3%₹175.00₹140.00n/a12
Jul ’25₹142.91
₹148.75
+4.1%
3.9%₹158.00₹138.00n/a12
Jun ’25₹128.01
₹146.75
+14.6%
4.6%₹158.00₹134.00n/a12
May ’25₹133.55
₹143.42
+7.4%
4.4%₹155.00₹134.00n/a12
Apr ’25₹129.17
₹141.75
+9.7%
4.0%₹150.00₹134.00n/a12
Mar ’25₹128.34
₹140.55
+9.5%
3.9%₹150.00₹134.00n/a11
Feb ’25₹128.99
₹138.45
+7.3%
3.9%₹150.00₹130.00n/a11
Jan ’25₹135.86
₹138.00
+1.6%
4.0%₹150.00₹130.00n/a10
Dec ’24₹133.50
₹138.00
+3.4%
4.0%₹150.00₹130.00n/a10
Nov ’24₹126.66
₹132.40
+4.5%
6.2%₹150.00₹125.00₹144.7110
Oct ’24₹124.10
₹131.00
+5.6%
5.6%₹150.00₹125.00₹141.979
Sep ’24₹120.26
₹127.25
+5.8%
3.5%₹135.00₹119.00₹138.278
Aug ’24₹115.09
₹123.17
+7.0%
4.0%₹131.00₹117.00₹151.036
Jul ’24₹106.95
₹120.67
+12.8%
3.2%₹126.00₹117.00₹142.913

Analyst Forecast: Target price is less than 20% higher than the current share price.

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