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 ₹ 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Oct - Newspaper Publication- Notice of Postal Ballot (Remote-Evoting)
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
28 Oct - Postal ballot to reappoint Arvind and Ramesh Jayaswal; appoint Avneesh, Anand; monthly CTCs Rs31,66,666 and Rs13,33,333 effective 1 Jan 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Oct - Newspaper Clipping- Disclosure under Regulation 30 and Regulation 47 of SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Oct - Press release on unaudited financial results for quarter and half year ended 30 Sep 2025.
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Results - Financial Results For The Quarter And Half Year Ended 30Th September, 2025
17 Oct - Board approved Q2/half-year results; Jan 1, 2026 director appointments; ED attachment Rs30,758L; NCDs Rs231,009L repayable Dec14,2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Product Categories
Steel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments. [1]