Jayaswal Neco Industries Ltd

Jayaswal Neco Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jayaswal Neco Industries Ltd

₹ 50.7 -1.46%
19 Apr - 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
Steel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments. [1]

Website BSE NSE
  • Market Cap ₹ 4,932 Cr.
  • Current Price ₹ 50.7
  • High / Low ₹ 65.5 / 21.2
  • Stock P/E 23.1
  • Book Value ₹ 22.4
  • Dividend Yield 0.00 %
  • ROCE 9.56 %
  • ROE 14.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 20.6% CAGR over last 5 years
  • Promoter holding has increased by 4.99% over last quarter.

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%
  • Working capital days have increased from -13.2 days to 79.5 days

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,146 1,342 1,394 1,597 1,375 1,592 1,527 1,661 1,686 1,469 1,465 1,501 1,556
896 970 961 1,166 1,230 1,302 1,319 1,550 1,410 1,281 1,256 1,206 1,266
Operating Profit 250 372 433 431 145 290 208 110 276 188 208 296 290
OPM % 22% 28% 31% 27% 11% 18% 14% 7% 16% 13% 14% 20% 19%
3 1 13 1 3 1,714 4 11 -46 2 4 2 10
Interest 228 240 245 252 234 -273 113 114 114 111 105 107 115
Depreciation 67 66 67 67 67 60 65 66 66 68 66 67 67
Profit before tax -43 68 134 113 -153 2,217 32 -59 50 12 40 124 119
Tax % -0% -2% -0% -0% 0% 3% 28% 337% -16% 55% 32% 26% 25%
-43 69 134 113 -153 2,153 23 141 58 5 28 92 89
EPS in Rs -0.68 1.08 2.10 1.16 -1.57 22.17 0.24 1.45 0.59 0.05 0.28 0.94 0.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,588 2,545 3,157 3,020 2,638 2,509 3,466 4,199 3,611 3,676 5,911 6,297 5,991
2,254 2,227 2,764 2,659 2,407 2,228 3,158 3,675 3,410 3,066 4,610 5,515 5,009
Operating Profit 334 318 393 360 231 281 308 524 200 610 1,301 782 983
OPM % 13% 13% 12% 12% 9% 11% 9% 12% 6% 17% 22% 12% 16%
16 12 10 -74 -34 29 31 17 -560 6 1,730 -29 17
Interest 178 185 175 186 225 550 659 712 868 909 459 453 438
Depreciation 87 97 116 83 82 255 273 273 276 267 261 266 267
Profit before tax 85 49 112 17 -109 -495 -592 -444 -1,504 -559 2,311 34 295
Tax % 36% 41% 44% 89% 20% 7% 17% 0% -0% 0% 3% -565%
54 29 63 2 -87 -459 -491 -444 -1,504 -558 2,247 227 213
EPS in Rs 1.50 0.58 1.06 0.03 -1.36 -7.19 -7.69 -6.95 -23.56 -8.74 23.14 2.34 2.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 20%
TTM: -7%
Compounded Profit Growth
10 Years: 25%
5 Years: 21%
3 Years: 32%
TTM: -72%
Stock Price CAGR
10 Years: 16%
5 Years: 54%
3 Years: 61%
1 Year: 123%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 360 497 599 639 639 639 639 639 639 639 971 971 971
Reserves 868 1,309 1,525 1,579 1,459 999 511 61 -1,445 -2,001 862 1,087 1,205
1,669 2,399 3,655 4,031 4,275 4,189 4,040 3,942 3,940 3,829 3,845 3,414 3,254
648 700 779 957 704 1,139 1,575 2,074 2,628 3,434 644 582 571
Total Liabilities 3,545 4,905 6,557 7,207 7,077 6,965 6,765 6,716 5,762 5,901 6,322 6,054 6,001
1,158 1,260 1,473 1,401 2,200 4,785 4,899 4,641 4,241 3,992 3,744 3,536 3,430
CWIP 620 1,037 2,032 3,137 2,847 457 494 493 82 82 95 94 107
Investments 14 14 14 15 1 1 1 0 0 0 0 0 0
1,753 2,594 3,038 2,653 2,029 1,722 1,372 1,582 1,439 1,827 2,483 2,423 2,464
Total Assets 3,545 4,905 6,557 7,207 7,077 6,965 6,765 6,716 5,762 5,901 6,322 6,054 6,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
164 209 184 333 498 272 260 374 313 448 860 739
-505 -1,147 -977 -515 -27 32 25 -71 -29 -17 -26 -57
397 981 889 -10 -484 -292 -225 -372 -284 -150 -943 -792
Net Cash Flow 55 43 97 -192 -13 12 59 -70 0 281 -109 -110

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 41 43 47 38 43 60 59 42 36 33 28 27
Inventory Days 158 189 141 175 132 188 106 142 143 182 163 139
Days Payable 78 85 67 82 38 79 55 57 47 36 37 35
Cash Conversion Cycle 121 148 122 131 137 169 110 128 131 178 154 132
Working Capital Days 64 74 70 77 90 4 -92 -116 -231 -203 84 80
ROCE % 11% 7% 6% 5% 3% 1% 1% 5% -2% 12% 26% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.79% 68.79% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 53.02% 53.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.05% 0.10%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
31.21% 31.21% 51.97% 51.97% 51.97% 51.95% 51.97% 51.97% 51.96% 51.97% 46.92% 46.88%
No. of Shareholders 37,16436,50036,63536,65940,62039,05139,54039,36638,98740,99441,68145,197

* 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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