Jayaswal Neco Industries Ltd
Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.[1]
- Market Cap ₹ 5,123 Cr.
- Current Price ₹ 52.8
- High / Low ₹ 65.5 / 21.2
- Stock P/E 22.9
- Book Value ₹ 23.3
- Dividend Yield 0.00 %
- ROCE 14.2 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoters have pledged 100% of their holding.
- Promoter holding has decreased over last 3 years: -15.8%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,545 | 3,157 | 3,020 | 2,638 | 2,509 | 3,466 | 4,199 | 3,611 | 3,676 | 5,911 | 6,297 | 5,934 | |
2,227 | 2,764 | 2,659 | 2,407 | 2,228 | 3,158 | 3,675 | 3,410 | 3,066 | 4,610 | 5,515 | 4,907 | |
Operating Profit | 318 | 393 | 360 | 231 | 281 | 308 | 524 | 200 | 610 | 1,301 | 782 | 1,027 |
OPM % | 13% | 12% | 12% | 9% | 11% | 9% | 12% | 6% | 17% | 22% | 12% | 17% |
12 | 10 | -74 | -34 | 29 | 31 | 17 | -560 | 6 | 1,730 | -29 | -0 | |
Interest | 185 | 175 | 186 | 225 | 550 | 659 | 712 | 868 | 909 | 459 | 453 | 469 |
Depreciation | 97 | 116 | 83 | 82 | 255 | 273 | 273 | 276 | 267 | 261 | 266 | 266 |
Profit before tax | 49 | 112 | 17 | -109 | -495 | -592 | -444 | -1,504 | -559 | 2,311 | 34 | 291 |
Tax % | 41% | 44% | 89% | 20% | 7% | 17% | 0% | -0% | 0% | 3% | -565% | 28% |
29 | 63 | 2 | -87 | -459 | -491 | -444 | -1,504 | -558 | 2,247 | 227 | 210 | |
EPS in Rs | 0.58 | 1.06 | 0.03 | -1.36 | -7.19 | -7.69 | -6.95 | -23.56 | -8.74 | 23.14 | 2.34 | 2.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 17% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 34% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 58% |
3 Years: | 57% |
1 Year: | 142% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 25% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 497 | 599 | 639 | 639 | 639 | 639 | 639 | 639 | 639 | 971 | 971 | 971 |
Reserves | 1,309 | 1,525 | 1,579 | 1,459 | 999 | 511 | 61 | -1,445 | -2,001 | 862 | 1,087 | 1,292 |
2,399 | 3,655 | 4,031 | 4,275 | 4,189 | 4,040 | 3,942 | 3,940 | 3,829 | 3,845 | 3,414 | 3,214 | |
700 | 779 | 957 | 704 | 1,139 | 1,575 | 2,074 | 2,628 | 3,434 | 644 | 582 | 623 | |
Total Liabilities | 4,905 | 6,557 | 7,207 | 7,077 | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 6,054 | 6,100 |
1,260 | 1,473 | 1,401 | 2,200 | 4,785 | 4,899 | 4,641 | 4,241 | 3,992 | 3,744 | 3,536 | 3,336 | |
CWIP | 1,037 | 2,032 | 3,137 | 2,847 | 457 | 494 | 493 | 82 | 82 | 95 | 94 | 199 |
Investments | 14 | 14 | 15 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
2,594 | 3,038 | 2,653 | 2,029 | 1,722 | 1,372 | 1,582 | 1,439 | 1,827 | 2,483 | 2,423 | 2,565 | |
Total Assets | 4,905 | 6,557 | 7,207 | 7,077 | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 6,054 | 6,100 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
209 | 184 | 333 | 498 | 272 | 260 | 374 | 313 | 448 | 860 | 739 | ||
-1,147 | -977 | -515 | -27 | 32 | 25 | -71 | -29 | -17 | -26 | -57 | ||
981 | 889 | -10 | -484 | -292 | -225 | -372 | -284 | -150 | -943 | -792 | ||
Net Cash Flow | 43 | 97 | -192 | -13 | 12 | 59 | -70 | 0 | 281 | -109 | -110 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 47 | 38 | 43 | 60 | 59 | 42 | 36 | 33 | 28 | 27 | 26 |
Inventory Days | 189 | 141 | 175 | 132 | 188 | 106 | 142 | 143 | 182 | 163 | 139 | 226 |
Days Payable | 85 | 67 | 82 | 38 | 79 | 55 | 57 | 47 | 36 | 37 | 35 | 44 |
Cash Conversion Cycle | 148 | 122 | 131 | 137 | 169 | 110 | 128 | 131 | 178 | 154 | 132 | 208 |
Working Capital Days | 74 | 70 | 77 | 90 | 4 | -92 | -116 | -231 | -203 | 84 | 80 | 101 |
ROCE % | 7% | 6% | 5% | 3% | 1% | 1% | 5% | -2% | 12% | 26% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3m - Newspaper Clipping- Disclosure under Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirement) Regulations,2015.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Press release on Audited Financial Results for the financial year ended 31 March 2024.
- Statement On Deviation Or Variation Of Funds Raised Through Issue Of Unlisted, Unsecured, Redeemable, Non-Convertible Debentures (Ncds) On Private Placement Basis. 1d
- Result For Quarter And Financial Year Ended 31 March 2024 1d
- Board Meeting Outcome for Outcome Of Board Meeting Dated 30Th April, 2024 1d
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Product Categories
Steel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments. [1]