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Jayaswal Neco Industries Ltd (JAYNECOIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522285 NSE: JAYNECOIND Steel & Iron Products | Small Cap | Jayaswal Neco Inds Share Price

₹85.75 -0.55 (-0.64%)

As on 24-Jun'26 16:59

Jayaswal Neco Industries Ltd (JAYNECOIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522285 NSE: JAYNECOIND Steel & Iron Products | Small Cap | Jayaswal Neco Inds Share Price

₹85.75 -0.55 (-0.64%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,326 Cr.
Current Price
₹85.8
52-Week Low / High
₹35 / 117
TTM EPS
₹4.8
TTM Sales
₹7,132 Cr.
Book Value per Share
₹29.3
P/E Ratio
17.98
In line with its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
2.93
Higher than its 5-year historical median
Price to Sales (P/S)
1.17
Higher than its 5-year historical median
EV/EBITDA
7.58
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.86%
Underperforms industry median
Return on Capital Employed (ROCE)
12.58%
Outperforms industry median
Return on Assets (ROA)
1.92%
Operating Profit Margin
15.7%
Net Profit Margin
1.88%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.12%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-7.82%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-46.34%
Asset Quality
Promoter Holding
55.15%
Pledged shares (%) of Promoter's holding (%)
99.87%
Reserves
₹1,870 Cr.
Equity
₹971 Cr.
Face Value
₹10
All Time Low / High
₹1.70 / 120.00

Jayaswal Neco Industries stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Jayaswal Neco Industries Ltd a good quality company?
Jayaswal Neco Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Jayaswal Neco Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jayaswal Neco Industries Ltd vs industry peers?
Jayaswal Neco Industries Ltd revenue CAGR is 10.56%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jayaswal Neco Industries Ltd?
Promoters hold 55.15% of the Jayaswal Neco Industries Ltd, with 99.87% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Jayaswal Neco Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 30.5% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jayaswal Neco Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ1.8%0.9%1.2%5.5%-16.4%12.5%68.1%8.8%13.9%12.6%-
Value Creation
Index ⓘ		-0.9-0.9-0.9-0.6NANA3.9-0.40.0-0.1-

Growth Parameters ⓘ
Sales ⓘ2,6422,5313,4774,2273,6323,7055,9596,3435,9346,0007,132
Sales YoY Gr.--4.2%37.4%21.5%-14.1%2%60.8%6.5%-6.5%1.1%-
Adj EPS ⓘ-0.6-7.3-7.8-6.9-17.3-8.810.72.82.31.24.8
YoY Gr.-NANANANANANA-74.1%-19.1%-47.6%-
BVPS (₹) ⓘ32.925.61811-12.6-21.318.921.223.324.529.3
Adj Net
Profit ⓘ		-36.6-463-499-443-1,106-5591,041269218115463
Cash Flow from Ops. ⓘ4982722603743134488607396811,388-
Debt/CF from Ops. ⓘ8.615.415.610.512.68.54.54.64.72-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.5%10.6%0.2%1.1%
Adj EPS ⓘNANA-52.1%-47.6%
BVPSⓘ-3.2%NA9%4.9%
Share Price 27.4% 34.1% 53.2% 114.5%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-1.7-24.8-35.8-47.92075.151.5442.313.910.14.917.8
Op. Profit
Mgn % ⓘ		8.9118.912.45.616.221.412.317.215.718.6
Net Profit
Mgn % ⓘ		-1.4-18.3-14.4-10.5-30.5-15.117.54.33.71.96.5
Debt to
Equity ⓘ		22.63.55.6-4.9-2.82.11.71.41.20.5
Working Cap
Days ⓘ		28323414911814113710611513513253
Cash Conv.
Cycle ⓘ		89978178959472809288-4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,6422,5313,4774,2273,6323,7055,9596,3435,9346,000
Operating Expenses ⓘ + 2,4212,2523,1693,7053,4343,1034,6865,5784,9135,059
Manufacturing Costs4056049491,1188298161,3921,5841,8421,770
Material Costs1,7451,3381,8202,1452,1861,8042,7103,3722,4182,609
Employee Cost 136174198219226220254277328328
Other Costs ⓘ 135136203223193263330346325352
Operating Profit ⓘ 2212783085221996021,2737641,021941
Operating Profit Margin (%) 8.4%11.0%8.9%12.3%5.5%16.2%21.4%12.1%17.2%15.7%
Other Income ⓘ + 35322519101533402613
Exceptional Items ⓘ -58070-56801,724-51-190
Interest ⓘ 225550659712868909459453470563
Depreciation ⓘ 82255273273276267261266266287
Profit Before Tax ⓘ -109-495-592-444-1,504-5592,31134291103
Tax ⓘ -22-36-101-01-164-19381-9
Profit After Tax -87-459-491-444-1,504-5582,247227210113
PAT Margin (%) -3.3%-18.2%-14.1%-10.5%-41.4%-15.1%37.7%3.6%3.5%1.9%
Adjusted EPS (₹)-1.4-7.2-7.7-7.0-23.6-8.723.12.32.21.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Jayaswal Neco Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,0981,6371,150700-806-1,3631,8332,0582,2632,376
Share Capital ⓘ 639639639639639639971971971971
Reserves ⓘ 1,45999951161-1,445-2,0018621,0871,2921,405
Debt +4,1023,8533,5223,2343,0002,6383,459483,0552,425
Long Term Debt3,0062,8072,6022,3672,1331,8803,436263,0552,425
Short Term Debt1,0961,046920867867757222200
Minority Interest0000000000
Trade Payables183286280333281179271320289237
Others Liabilities ⓘ 6941,1881,8132,4493,2874,4467593,498443644
Total Liabilities ⓘ 7,0776,9656,7656,7165,7625,9016,3225,9246,0505,681

Fixed Assets

Net Fixed Assets ⓘ +2,2004,7854,8994,6414,3764,1273,8793,6713,4513,519
Gross Block2,2825,1235,5085,5225,5335,5515,5615,6185,6645,924
Accumulated Depreciation823376098811,1581,4241,6821,9482,2132,406
CWIP ⓘ 2,84745749349382829594219127
Investments ⓘ 1110000000
Inventories6306815438348548991,2081,2841,4951,214
Trade Receivables313411561486351328457469419401
Cash Equivalents 425811399116369485283140191
Others Assets ⓘ 1,044571155163-1897198124327230
Total Assets ⓘ 7,0776,9656,7656,7165,7625,9016,3225,9246,0505,681

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 4982722603743134488607396811,388
PBT ⓘ -109-495-592-444-1,504-5592,31134291103
Adjustment ⓘ 3517859219871,7181,203-1,006755740843
Changes in Working Capital ⓘ 255-15-71-167100-204-4411-313450
Tax Paid ⓘ 1-32-1-18-40-18-8
Cash Flow From Investing Activity ⓘ + -273225-13-29-17-26-57-177-236
Capex -151-42-5-16-31-18-30-64-183-244
Net Investments 1011000000
Others ⓘ 12475291214758
Cash Flow From Financing Activity ⓘ + -484-292-225-372-284-150-943-792-486-1,086
Net Proceeds from Shares ⓘ 00580000000
Net Proceeds from Borrowing ⓘ -16-43-21-49-8-8-662-739-3,358-490
Interest Paid ⓘ -556-194-136-272-255-38-70-144-480-612
Dividend Paid ⓘ 0000000000
Others ⓘ 89-55-126-51-21-105-211913,35216
Net Cash Flow ⓘ -131259-120281-109-1101766

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-4.03-24.6-35.26-48.01N/AN/A955.5611.669.724.86
ROCE (%)1.830.91.215.45N/AN/A68.118.7513.912.58
Asset Turnover Ratio0.410.410.520.630.580.640.971.040.991.02
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A0.383.263.2412.28
Working Capital Days
Receivable Days38.8046.4049.6045.2042.1033.402426.7027.3024.90
Inventory Days96.1084.1062.5059.5084.8086.3064.5071.7085.5082.40
Payable Days64.4064.1056.8052.1051.3046.6030.303245.9036.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.0097.3597.3596.7299.8799.900.0099.87
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jayaswal Neco Industries Ltd FAQs

The current trading price of Jayaswal Neco Inds on 24-Jun-2026 16:59 is ₹85.75.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Jayaswal Neco Inds stood at ₹8,326.3 Cr

The latest P/E ratio of Jayaswal Neco Inds as of 23-Jun-2026 is 17.98.

The latest P/B ratio of Jayaswal Neco Inds as of 23-Jun-2026 is 2.93.

The 52-week high of Jayaswal Neco Inds is ₹117.1 and the 52-week low is ₹34.85.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jayaswal Neco Inds is ₹7,132 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jayaswal Neco Industries Ltd is a average quality company.

The key valuation ratios of Jayaswal Neco Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jayaswal Neco Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Limited, a NECO group company, promoted by B L Shaw, the chairman of the company, It is one of India’s largest industrial groups and has its humble origin with a simple grey iron foundry established at Nagpur in 1976. The company was formerly known as Jayaswals Neco Limited and changed its name to Jayaswal Neco Industries Limited in November 2007.

Today, the group is one of the largest iron and steel & ferrous and non ferrous casting manufacturer, with an installed capacity to produce 1 million TPA of iron and steel & more then 175,000 TPA of ferrous and non ferrous castings. NECO group has 16 manufacturing units and 5 group companies.

Jayaswal Neco Industries Limited manufactures and sells iron and steel, and ferrous and non ferrous castings in India. The company’s Steel segment engages in the manufacture and sale of pig iron, billets, rolled products, and sponge iron. This segment offers its products to the automobile, auto component, transmission line tower, and seamless tube and flange manufacturers.

The company’s iron and steel castings segment manufactures and sells engineering and automotive castings, including brake drums, clutch housing, hubs, gear box housing, suspension items, housings, differential housing, pistons, railway inserts, valve body, pipe fittings, and other engineering castings.

Jayaswal Neco produces iron and steel products for catering to the need of automobile, auto component, transmission line tower, seamless tube & flange manufacturers. The product range includes HR & CR Sheets and coils, bars & rods apart from carbon & alloy steel.

The plant was established in collaboration with the China Shougang International Trade & Engineering Corporation and is located on a 1200 acre land at Raipur in Chhattisgarh, the steel belt of the country. It has a 15 km long internal railway siding.

The availability of skilled labour and proximity to raw materials like iron ore and thermal coal are cost competitive advantages for the company. The sales are spread across the country. Currently the entire requirement of thermal coal is met through captive coal mines.

The plant has an installed capacity for producing 600,000 TPA of pig iron, 480,000 TPA of sinter and 300,000 TPA of steel billets. It is in the process of commissioning Wire Rod and Bar Mill of 450,000 TPA capacity.This plant is equipped with a non recovery type coke oven plant of 100,000 TPA capacity with stamp charging system. The blast furnace has a capacity to produce to 600,000 TPA of basic grade as well as foundry grade high quality pig iron.

The steel melt shop at the plant produces steel billets of special alloy steel, free cutting, ball bearing, high tensile steel for transmission towers and special steel round billets for seamless pipe manufacture.

The steel plant at Raipur also has 2 rotary kilns for manufacturing sponge iron having capacity of 255,000 TPA with a captive generation power plant.The plant has set up captive power plants which include a waste heat recovery based 15.5 MW power plant; the company has power generation capacity of 45 MW and is in the process of adding further capacity.

Product range of the company includes

  • Rounds in carbon, alloy, spring, free cutting, and semi free cutting, cold heading quality for bright bar and forging industries.
  • Round cornered square (rcs) in carbon, alloy, semi free cutting, boron steel etc for forging industries.
  • Spring steel flats (rectangular bar) in spring steel grades like silico manganese, chrome vanadium, chrome manganese, and chrome manganese boron steel for spring leaf manufacturing industries.
  • Wire rod in carbon, alloy, free cutting, semi free cutting, cold heading quality for component, bright bar and fastener industries Hexagon in carbon, free cutting, semi free cutting, alloy steel for fastener industries.
  • As cast rounds, blooms grade: carbon steel and alloy steel for  seamless tube industries as cast billet /blooms (rcs) grade: carbon, alloy, free cutting, semi free cutting, ball bearing, chq, spring steel, for re-rollers and forging application.

Different Divisions of the company are:

  • Steel Plant Division
  • Centri Cast Division
  • Automotive Casting Divn. I, II
  • Construction Casting Division

Recent developments

Jayaswal Neco Industries at the various meetings of the secured creditors of the company held on June 9, 2009, in accordance with the directions of the High Court of Bombay, Nagpur Bench, Nagpur, has approved, all the three Schemes of Arrangement (i) The Company and Inertia Iron and Steel Industries Pvt. Ltd (ii) The Company and Abhijeet Infrastructure Ltd (iii) The Company and Corporate Ispat Alloys Ltd

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