Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Ltd

₹ 47.2 -0.67%
11 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 4,578 Cr.
  • Current Price 47.2
  • High / Low 65.5 / 32.0
  • Stock P/E 28.1
  • Book Value 23.3
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 10.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.0% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
1,394 1,597 1,375 1,592 1,527 1,661 1,686 1,469 1,465 1,501 1,556 1,411 1,438
961 1,166 1,230 1,302 1,319 1,550 1,410 1,281 1,256 1,206 1,266 1,179 1,273
Operating Profit 433 431 145 290 208 110 276 188 208 296 290 233 165
OPM % 31% 27% 11% 18% 14% 7% 16% 13% 14% 20% 19% 16% 11%
13 1 3 1,714 4 11 -46 2 4 2 10 -15 5
Interest 245 252 234 -273 113 114 114 111 105 107 115 142 144
Depreciation 67 67 67 60 65 66 66 68 66 67 67 67 67
Profit before tax 134 113 -153 2,217 32 -59 50 12 40 124 119 8 -41
Tax % -0% -0% -0% 3% 28% -337% -16% 55% 32% 26% 25% 75% -23%
134 113 -153 2,153 23 141 58 5 28 92 89 2 -32
EPS in Rs 2.10 1.16 -1.57 22.17 0.24 1.45 0.59 0.05 0.28 0.94 0.91 0.02 -0.33
Raw PDF

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 TTM
2,545 3,157 3,020 2,638 2,509 3,466 4,199 3,611 3,676 5,911 6,297 5,887 5,907
2,227 2,764 2,659 2,407 2,228 3,158 3,675 3,410 3,066 4,610 5,515 4,859 4,923
Operating Profit 318 393 360 231 281 308 524 200 610 1,301 782 1,028 983
OPM % 13% 12% 12% 9% 11% 9% 12% 6% 17% 22% 12% 17% 17%
12 10 -74 -34 29 31 17 -560 6 1,730 -29 -0 1
Interest 185 175 186 225 550 659 712 868 909 459 453 470 507
Depreciation 97 116 83 82 255 273 273 276 267 261 266 266 267
Profit before tax 49 112 17 -109 -495 -592 -444 -1,504 -559 2,311 34 291 210
Tax % 41% 44% 89% -20% -7% -17% -0% 0% -0% 3% -565% 28%
29 63 2 -87 -459 -491 -444 -1,504 -558 2,247 227 210 151
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 1.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 17%
TTM: -6%
Compounded Profit Growth
10 Years: 13%
5 Years: 20%
3 Years: 34%
TTM: -42%
Stock Price CAGR
10 Years: 16%
5 Years: 65%
3 Years: 21%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: %
3 Years: 24%
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 3,316
CWIP 1,037 2,032 3,137 2,847 457 494 493 82 82 95 94 219
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
209 184 333 498 272 260 374 313 448 860 739 681
-1,147 -977 -515 -27 32 25 -71 -29 -17 -26 -57 -177
981 889 -10 -484 -292 -225 -372 -284 -150 -943 -792 -486
Net Cash Flow 43 97 -192 -13 12 59 -70 0 281 -109 -110 17

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 80 102
ROCE % 7% 6% 5% 3% 1% 1% 5% -2% 12% 26% 10% 14%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
68.79% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 53.02% 53.02% 53.02%
0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.05% 0.10% 0.01%
31.21% 51.97% 51.97% 51.97% 51.95% 51.97% 51.97% 51.96% 51.97% 46.92% 46.88% 46.96%
No. of Shareholders 36,50036,63536,65940,62039,05139,54039,36638,98740,99441,68145,19745,579

* 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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