Jayaswal Neco Industries Ltd

₹ 115 1.89%

07 May - close price

necoindia.com BSE: 522285 NSE: JAYNECOIND

About

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]

Key Points

Product Categories:^[1]
JNIL is a special steel long product
integrated player which is primarily
engaged in the manufacturing alloy
steels – wire rods, bars, bright bars
along with steel billets, pig iron, and
sponge iron, pellets, and iron & steel
castings.

Website BSE NSE

Market Cap ₹ 11,170 Cr.
Current Price ₹ 115
High / Low ₹ 116 / 34.8
Stock P/E 23.7
Book Value ₹ 29.3
Dividend Yield 0.00 %
ROCE 20.7 %
ROE 18.0 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 23.2% CAGR over last 5 years
Company's working capital requirements have reduced from 56.4 days to 20.5 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 11.3% over last 3 years.
Promoters have pledged 99.9% of their holding.
Company's cost of borrowing seems high

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE Industrials Nifty Microcap 250 Nifty Total Market BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,469	1,465	1,501	1,556	1,411	1,438	1,230	1,657	1,675	1,649	1,781	1,727	1,974
	1,281	1,256	1,206	1,266	1,179	1,273	1,061	1,393	1,334	1,335	1,454	1,417	1,599
Operating Profit	188	208	296	290	233	165	170	264	342	315	327	310	376
OPM %	13%	14%	20%	19%	16%	11%	14%	16%	20%	19%	18%	18%	19%
	2	4	2	10	-15	5	2	3	3	5	4	-10	5
Interest	111	105	107	115	142	144	145	140	134	119	112	126	69
Depreciation	68	66	67	67	67	67	71	74	74	75	76	76	75
Profit before tax	12	40	124	119	8	-41	-45	53	137	125	143	99	236
Tax %	55%	32%	26%	25%	75%	-23%	-24%	-46%	26%	26%	26%	25%	19%
	5	28	92	89	2	-32	-34	77	102	93	105	74	191
EPS in Rs	0.05	0.28	0.94	0.91	0.02	-0.33	-0.35	0.79	1.05	0.96	1.08	0.76	1.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,020	2,638	2,509	3,466	4,199	3,611	3,676	5,911	6,297	5,887	5,954	7,132
	2,659	2,407	2,228	3,158	3,675	3,410	3,066	4,610	5,515	4,859	5,013	5,804
Operating Profit	360	231	281	308	524	200	610	1,301	782	1,028	941	1,328
OPM %	12%	9%	11%	9%	12%	6%	17%	22%	12%	17%	16%	19%
	-74	-34	29	31	17	-560	6	1,730	-29	-0	13	3
Interest	186	225	550	659	712	868	909	459	453	470	564	426
Depreciation	83	82	255	273	273	276	267	261	266	266	287	301
Profit before tax	17	-109	-495	-592	-444	-1,504	-559	2,311	34	291	103	603
Tax %	89%	-20%	-7%	-17%	-0%	0%	-0%	3%	-565%	28%	-9%	23%
	2	-87	-459	-491	-444	-1,504	-558	2,247	227	210	113	463
EPS in Rs	0.03	-1.36	-7.19	-7.69	-6.95	-23.56	-8.74	23.14	2.34	2.16	1.16	4.77
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	10%
5 Years:	14%
3 Years:	4%
TTM:	20%

Compounded Profit Growth
10 Years:	37%
5 Years:	23%
3 Years:	20%
TTM:	318%

Stock Price CAGR
10 Years:	31%
5 Years:	47%
3 Years:	70%
1 Year:	189%

Return on Equity
10 Years:	%
5 Years:	18%
3 Years:	11%
Last Year:	18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	639	639	639	639	639	639	639	971	971	971	971	971
Reserves	1,579	1,459	999	511	61	-1,445	-2,001	862	1,087	1,292	1,405	1,870
	4,031	4,275	4,189	4,040	3,942	3,940	3,829	3,845	3,414	3,214	2,735	2,109
	957	704	1,139	1,575	2,074	2,628	3,434	644	582	623	631	1,020
Total Liabilities	7,207	7,077	6,965	6,765	6,716	5,762	5,901	6,322	6,054	6,100	5,741	5,970
	1,401	2,200	4,785	4,899	4,641	4,241	3,992	3,744	3,536	3,316	3,384	3,228
CWIP	3,137	2,847	457	494	493	82	82	95	94	219	127	94
Investments	15	1	1	1	0	0	0	0	0	0	0	2
	2,653	2,029	1,722	1,372	1,582	1,439	1,827	2,483	2,423	2,565	2,230	2,646
Total Assets	7,207	7,077	6,965	6,765	6,716	5,762	5,901	6,322	6,054	6,100	5,741	5,970

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	333	498	272	260	374	313	448	860	739	681	1,388	1,367
	-515	-27	32	25	-71	-29	-17	-26	-57	-177	-236	-113
	-10	-484	-292	-225	-372	-284	-150	-943	-792	-486	-1,086	-1,284
Net Cash Flow	-192	-13	12	59	-70	0	281	-109	-110	17	66	-30
Free Cash Flow	-189	432	281	254	358	282	430	830	675	499	1,144	1,251
CFO/OP	96%	215%	98%	83%	72%	156%	72%	66%	94%	68%	148%	104%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	38	43	60	59	42	36	33	28	27	26	25	24
Inventory Days	175	132	188	106	142	143	182	163	139	226	170	183
Days Payable	82	38	79	55	57	47	36	37	35	44	33	56
Cash Conversion Cycle	131	137	169	110	128	131	178	154	132	208	161	151
Working Capital Days	-25	-61	-148	-189	-191	-318	-396	59	-117	92	57	21
ROCE %	5%	3%	1%	1%	5%	-2%	12%	26%	10%	14%	13%	21%

Insights

In beta

Mar 2018

Mar 2019

Dec 2021

Mar 2023

Mar 2024

Mar 2025

Hot Metal (Blast Furnace) Production
MT

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Iron and Steel Castings Production
MT

Rolled Products Production
MT

Sponge Iron (DRI) Production
MT

Pellets Production
MT

EBITDA per Tonne
INR

Total Installed Steel Melting SMS-I&II Capacity
MnTPA

Total Iron Ore Mine Capacity
MnTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	49.48%	49.48%	54.46%	54.46%	54.46%	54.46%	54.46%	55.15%	55.15%	55.15%	55.15%	55.15%
	0.00%	0.00%	0.05%	0.10%	0.01%	0.01%	0.02%	0.02%	0.04%	1.07%	1.29%	0.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.21%	0.30%
	50.51%	50.53%	45.48%	45.43%	45.52%	45.52%	45.52%	44.83%	44.81%	43.27%	43.35%	43.65%
No. of Shareholders	38,987	40,994	41,681	45,197	45,579	51,026	50,911	51,309	51,611	1,02,768	1,02,763	96,844

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	68.79%	68.79%	70.98%	70.98%	70.98%	49.48%	49.48%	54.46%	55.15%	55.15%
	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.10%	0.02%	0.90%
	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.30%
	29.06%	31.20%	29.00%	29.01%	29.01%	50.52%	50.53%	45.43%	44.83%	43.65%
No. of Shareholders	39,276	39,220	38,017	36,897	36,282	36,659	39,366	45,197	51,309	96,844

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Ltd

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Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

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Shareholding Pattern

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