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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
₹99.86 6.28 (6.71%)
As on 21-Aug'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
₹99.86 6.28 (6.71%)
As on 21-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹9,696 Cr.
Current Price
₹99.9
52-Week Low / High
₹57 / 117
TTM EPS
₹5.8
TTM Sales
₹7,589 Cr.
Book Value per Share
₹31.3
P/E Ratio
17.19
Lower than its 5-year historical median
Industry PE
24.1
Price to Book (P/B)
3.19
Higher than its 5-year historical median
Price to Sales (P/S)
1.28
Higher than its 5-year historical median
EV/EBITDA
8.08
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
17.76%
Outperforms industry median
Return on Capital Employed (ROCE)
20.48%
Outperforms industry median
Return on Assets (ROA)
7.95%
Operating Profit Margin
18.7%
Net Profit Margin
6.49%
Gross Profit Margin
12.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.87%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
40.79%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
311%
Asset Quality
Promoter Holding
55.15%
Pledged shares (%) of Promoter's holding (%)
99.87%
Reserves
₹2,064 Cr.
Equity
₹971 Cr.
Face Value
₹10
All Time Low / High
₹1.70 / 120.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
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.
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.
How does Jayaswal Neco Industries Ltd performance compare with that of its Peers?
Revenue growth of Jayaswal Neco Industries Ltd vs industry peers?
Jayaswal Neco Industries Ltd revenue CAGR is 13.99%, compared to the industry median CAGR of 8.22%, indicating faster growth and gaining its market share.
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.
Stock return of Jayaswal Neco Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.6% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.9% | 1.2% | 5.5% | -16.4% | 12.5% | 68.1% | 8.8% | 13.9% | 12.6% | 20.5% | - |
| Value Creation Index ⓘ | -0.9 | -0.9 | -0.6 | NA | NA | 3.9 | -0.4 | 0.0 | -0.1 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 2,531 | 3,477 | 4,227 | 3,632 | 3,705 | 5,959 | 6,343 | 5,934 | 6,000 | 7,132 | 7,589 |
| Sales YoY Gr. | - | 37.4% | 21.5% | -14.1% | 2% | 60.8% | 6.5% | -6.5% | 1.1% | 18.9% | - |
| Adj EPS ⓘ | -7.3 | -7.8 | -6.9 | -17.3 | -8.8 | 10.7 | 2.8 | 2.3 | 1.2 | 4.9 | 5.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -74.1% | -19.1% | -47.6% | 316.1% | - |
| BVPS (₹) ⓘ | 25.6 | 18 | 11 | -12.6 | -21.3 | 18.9 | 21.2 | 23.3 | 24.5 | 29.3 | 31.3 |
| Adj Net Profit ⓘ | -463 | -499 | -443 | -1,106 | -559 | 1,041 | 269 | 218 | 115 | 477 | 564 |
| Cash Flow from Ops. ⓘ | 272 | 260 | 374 | 313 | 448 | 860 | 739 | 681 | 1,388 | 1,367 | - |
| Debt/CF from Ops. ⓘ | 15.4 | 15.6 | 10.5 | 12.6 | 8.5 | 4.5 | 4.6 | 4.7 | 2 | 1.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.2% | 14% | 4% | 18.9% | ||||
| Adj EPS ⓘ | NA | NA | 20.9% | 316.1% | ||||
| BVPSⓘ | 1.5% | NA | 11.4% | 19.6% | ||||
| Share Price | 29.7% | 39.4% | 51.6% | 64.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -24.8 | -35.8 | -47.9 | 2075.1 | 51.5 | 442.3 | 13.9 | 10.1 | 4.9 | 18.3 | 19.2 |
| Op. Profit Mgn % ⓘ | 11 | 8.9 | 12.4 | 5.6 | 16.2 | 21.4 | 12.3 | 17.2 | 15.7 | 18.7 | 18.6 |
| Net Profit Mgn % ⓘ | -18.3 | -14.4 | -10.5 | -30.5 | -15.1 | 17.5 | 4.3 | 3.7 | 1.9 | 6.7 | 7.4 |
| Debt to Equity ⓘ | 2.6 | 3.5 | 5.6 | -4.9 | -2.8 | 2.1 | 1.7 | 1.4 | 1.2 | 0.7 | - |
| Working Cap Days ⓘ | 234 | 149 | 118 | 141 | 137 | 106 | 115 | 135 | 132 | 112 | 53 |
| Cash Conv. Cycle ⓘ | 97 | 81 | 78 | 95 | 94 | 72 | 80 | 92 | 88 | 69 | -4 |
Valuation of Jayaswal Neco Inds - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 100.00 | 100.00 | 97.35 | 97.35 | 96.72 | 99.87 | 99.90 | 0.00 | 99.87 | 99.87 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,531 | 3,477 | 4,227 | 3,632 | 3,705 | 5,959 | 6,343 | 5,934 | 6,000 | 7,132 |
| Operating Expenses ⓘ + | 2,252 | 3,169 | 3,705 | 3,434 | 3,103 | 4,686 | 5,578 | 4,913 | 5,059 | 5,807 |
| Operating Profit ⓘ | 278 | 308 | 522 | 199 | 602 | 1,273 | 764 | 1,021 | 941 | 1,325 |
| Operating Profit Margin (%) | 11.0% | 8.9% | 12.3% | 5.5% | 16.2% | 21.4% | 12.1% | 17.2% | 15.7% | 18.6% |
| Other Income ⓘ + | 32 | 25 | 19 | 10 | 15 | 33 | 40 | 26 | 13 | 17 |
| Interest ⓘ | 550 | 659 | 712 | 868 | 909 | 459 | 453 | 470 | 563 | 427 |
| Depreciation ⓘ | 255 | 273 | 273 | 276 | 267 | 261 | 266 | 266 | 287 | 301 |
| Profit Before Tax ⓘ | -495 | -592 | -444 | -1,504 | -559 | 2,311 | 34 | 291 | 103 | 603 |
| Tax ⓘ | -36 | -101 | -0 | 1 | -1 | 64 | -193 | 81 | -9 | 140 |
| Profit After Tax | -459 | -491 | -444 | -1,504 | -558 | 2,247 | 227 | 210 | 113 | 463 |
| PAT Margin (%) | -18.2% | -14.1% | -10.5% | -41.4% | -15.1% | 37.7% | 3.6% | 3.5% | 1.9% | 6.5% |
| Adjusted EPS (₹) | -7.2 | -7.7 | -7.0 | -23.6 | -8.7 | 23.1 | 2.3 | 2.2 | 1.2 | 4.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,637 | 1,150 | 700 | -806 | -1,363 | 1,833 | 2,058 | 2,263 | 2,376 | 2,841 | |
| Debt + | 3,853 | 3,522 | 3,234 | 3,000 | 2,638 | 3,459 | 48 | 3,055 | 2,425 | 1,806 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 286 | 280 | 333 | 281 | 179 | 271 | 320 | 289 | 237 | 424 | |
| Others Liabilities ⓘ | 1,188 | 1,813 | 2,449 | 3,287 | 4,446 | 759 | 3,498 | 443 | 644 | 899 | |
| Total Liabilities ⓘ | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 5,924 | 6,050 | 5,681 | 5,970 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 4,785 | 4,899 | 4,641 | 4,376 | 4,127 | 3,879 | 3,671 | 3,451 | 3,519 | 3,339 | |
| CWIP ⓘ | 457 | 493 | 493 | 82 | 82 | 95 | 94 | 219 | 127 | 117 | |
| Investments ⓘ | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Inventories | 681 | 543 | 834 | 854 | 899 | 1,208 | 1,284 | 1,495 | 1,214 | 1,395 | |
| Trade Receivables | 411 | 561 | 486 | 351 | 328 | 457 | 469 | 419 | 401 | 469 | |
| Cash Equivalents | 58 | 113 | 99 | 116 | 369 | 485 | 283 | 140 | 191 | 267 | |
| Others Assets ⓘ | 571 | 155 | 163 | -18 | 97 | 198 | 124 | 327 | 230 | 380 | |
| Total Assets ⓘ | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 5,924 | 6,050 | 5,681 | 5,970 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 272 | 260 | 374 | 313 | 448 | 860 | 739 | 681 | 1,388 | 1,367 |
| Cash Flow From Investing Activity ⓘ + | 32 | 25 | -13 | -29 | -17 | -26 | -57 | -177 | -236 | -113 |
| Cash Flow From Financing Activity ⓘ + | -292 | -225 | -372 | -284 | -150 | -943 | -792 | -486 | -1,086 | -1,284 |
| Net Cash Flow ⓘ | 12 | 59 | -12 | 0 | 281 | -109 | -110 | 17 | 66 | -30 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -24.6 | -35.26 | -48.01 | N/A | N/A | 955.56 | 11.66 | 9.72 | 4.86 | 17.76 |
| ROCE (%) | 0.9 | 1.21 | 5.45 | N/A | N/A | 68.11 | 8.75 | 13.9 | 12.58 | 20.48 |
| Asset Turnover Ratio | 0.41 | 0.52 | 0.63 | 0.58 | 0.64 | 0.97 | 1.04 | 0.99 | 1.02 | 1.22 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | 0.38 | 3.26 | 3.24 | 12.28 | 2.95 |
| Working Capital Days | ||||||||||
| Receivable Days | 46.40 | 49.60 | 45.20 | 42.10 | 33.40 | 24 | 26.70 | 27.30 | 24.90 | 22.30 |
| Inventory Days | 84.10 | 62.50 | 59.50 | 84.80 | 86.30 | 64.50 | 71.70 | 85.50 | 82.40 | 66.80 |
| Payable Days | 64.10 | 56.80 | 52.10 | 51.30 | 46.60 | 30.30 | 32 | 45.90 | 36.80 | 43.30 |
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Jayaswal Neco Industries Ltd FAQs
The current trading price of Jayaswal Neco Inds on 21-Aug-2026 16:59 is ₹99.86.
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 20-Aug-2026 the market cap of Jayaswal Neco Inds stood at ₹9,696.4 Cr
The latest P/E ratio of Jayaswal Neco Inds as of 20-Aug-2026 is 17.19.
The latest P/B ratio of Jayaswal Neco Inds as of 20-Aug-2026 is 3.19.
The 52-week high of Jayaswal Neco Inds is ₹117.1 and the 52-week low is ₹57.42.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jayaswal Neco Inds is ₹7,589 ( 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 Strong which suggest that the price of Jayaswal Neco Industries Ltd is likely to Rise 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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