Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Ltd

₹ 77.7 0.47%
31 Oct - close price
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
Steel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments. [1]

  • Market Cap 7,544 Cr.
  • Current Price 77.7
  • High / Low 81.2 / 26.1
  • Stock P/E 20.0
  • Book Value 26.5
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 4.86 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.93 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 9.39% over last 3 years.
  • Promoters have pledged or encumbered 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,661 1,686 1,469 1,465 1,501 1,556 1,411 1,438 1,230 1,657 1,675 1,649 1,781
1,550 1,410 1,281 1,256 1,206 1,266 1,179 1,273 1,061 1,393 1,334 1,335 1,454
Operating Profit 110 276 188 208 296 290 233 165 170 264 342 315 327
OPM % 7% 16% 13% 14% 20% 19% 16% 11% 14% 16% 20% 19% 18%
11 -46 2 4 2 10 -15 5 2 3 3 5 4
Interest 114 114 111 105 107 115 142 144 145 140 134 119 112
Depreciation 66 66 68 66 67 67 67 67 71 74 74 75 76
Profit before tax -59 50 12 40 124 119 8 -41 -45 53 137 125 143
Tax % -337% -16% 55% 32% 26% 25% 75% -23% -24% -46% 26% 26% 26%
141 58 5 28 92 89 2 -32 -34 77 102 93 105
EPS in Rs 1.45 0.59 0.05 0.28 0.94 0.91 0.02 -0.33 -0.35 0.79 1.05 0.96 1.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,157 3,020 2,638 2,509 3,466 4,199 3,611 3,676 5,911 6,297 5,887 5,954 6,762
2,764 2,659 2,407 2,228 3,158 3,675 3,410 3,066 4,610 5,515 4,859 5,013 5,516
Operating Profit 393 360 231 281 308 524 200 610 1,301 782 1,028 941 1,247
OPM % 12% 12% 9% 11% 9% 12% 6% 17% 22% 12% 17% 16% 18%
10 -74 -34 29 31 17 -560 6 1,730 -29 -0 13 15
Interest 175 186 225 550 659 712 868 909 459 453 470 564 505
Depreciation 116 83 82 255 273 273 276 267 261 266 266 287 299
Profit before tax 112 17 -109 -495 -592 -444 -1,504 -559 2,311 34 291 103 457
Tax % 44% 89% -20% -7% -17% -0% 0% -0% 3% -565% 28% -9%
63 2 -87 -459 -491 -444 -1,504 -558 2,247 227 210 113 377
EPS in Rs 1.06 0.03 -1.36 -7.19 -7.69 -6.95 -23.56 -8.74 23.14 2.34 2.16 1.16 3.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 0%
TTM: 20%
Compounded Profit Growth
10 Years: 4%
5 Years: 16%
3 Years: -42%
TTM: 914%
Stock Price CAGR
10 Years: 27%
5 Years: 90%
3 Years: 48%
1 Year: 81%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 599 639 639 639 639 639 639 639 971 971 971 971 971
Reserves 1,525 1,579 1,459 999 511 61 -1,445 -2,001 862 1,087 1,292 1,405 1,603
3,655 4,031 4,275 4,189 4,040 3,942 3,940 3,829 3,845 3,414 3,214 2,735 2,321
779 957 704 1,139 1,575 2,074 2,628 3,434 644 582 623 631 739
Total Liabilities 6,557 7,207 7,077 6,965 6,765 6,716 5,762 5,901 6,322 6,054 6,100 5,741 5,634
1,473 1,401 2,200 4,785 4,899 4,641 4,241 3,992 3,744 3,536 3,316 3,384 3,270
CWIP 2,032 3,137 2,847 457 494 493 82 82 95 94 219 127 155
Investments 14 15 1 1 1 0 0 0 0 0 0 0 2
3,038 2,653 2,029 1,722 1,372 1,582 1,439 1,827 2,483 2,423 2,565 2,230 2,206
Total Assets 6,557 7,207 7,077 6,965 6,765 6,716 5,762 5,901 6,322 6,054 6,100 5,741 5,634

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
184 333 498 272 260 374 313 448 860 739 681 1,388
-977 -515 -27 32 25 -71 -29 -17 -26 -57 -177 -236
889 -10 -484 -292 -225 -372 -284 -150 -943 -792 -486 -1,086
Net Cash Flow 97 -192 -13 12 59 -70 0 281 -109 -110 17 66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 47 38 43 60 59 42 36 33 28 27 26 25
Inventory Days 141 175 132 188 106 142 143 182 163 139 226 170
Days Payable 67 82 38 79 55 57 47 36 37 35 44 33
Cash Conversion Cycle 122 131 137 169 110 128 131 178 154 132 208 161
Working Capital Days -46 -25 -61 -148 -189 -191 -318 -396 59 -117 92 57
ROCE % 6% 5% 3% 1% 1% 5% -2% 12% 26% 10% 14% 13%

Shareholding Pattern

Numbers in percentages

24 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
49.48% 49.48% 49.48% 49.48% 54.46% 54.46% 54.46% 54.46% 54.46% 55.15% 55.15% 55.15%
0.00% 0.00% 0.00% 0.00% 0.05% 0.10% 0.01% 0.01% 0.02% 0.02% 0.04% 1.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51%
50.53% 50.53% 50.51% 50.53% 45.48% 45.43% 45.52% 45.52% 45.52% 44.83% 44.81% 43.27%
No. of Shareholders 39,54039,36638,98740,99441,68145,19745,57951,02650,91151,30951,6111,02,768

* 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.

Click on the line-items to see the names of individual entities.

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