Jayaswal Neco Industries Ltd

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

Jayaswal Neco Industries Ltd

₹ 41.4 -0.43%
13 Dec - 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 ₹ 4,023 Cr.
  • Current Price ₹ 41.4
  • High / Low ₹ 65.5 / 36.3
  • Stock P/E 108
  • Book Value ₹ 22.6
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
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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

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,597 1,375 1,592 1,527 1,661 1,686 1,469 1,465 1,501 1,556 1,411 1,438 1,230
1,166 1,230 1,302 1,319 1,550 1,410 1,281 1,256 1,206 1,266 1,179 1,273 1,061
Operating Profit 431 145 290 208 110 276 188 208 296 290 233 165 170
OPM % 27% 11% 18% 14% 7% 16% 13% 14% 20% 19% 16% 11% 14%
1 3 1,714 4 11 -46 2 4 2 10 -15 5 2
Interest 252 234 -273 113 114 114 111 105 107 115 142 144 145
Depreciation 67 67 60 65 66 66 68 66 67 67 67 67 71
Profit before tax 113 -153 2,217 32 -59 50 12 40 124 119 8 -41 -45
Tax % -0% -0% 3% 28% -337% -16% 55% 32% 26% 25% 75% -23% -24%
113 -153 2,153 23 141 58 5 28 92 89 2 -32 -34
EPS in Rs 1.16 -1.57 22.17 0.24 1.45 0.59 0.05 0.28 0.94 0.91 0.02 -0.33 -0.35
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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 5,635
2,227 2,764 2,659 2,407 2,228 3,158 3,675 3,410 3,066 4,610 5,515 4,859 4,778
Operating Profit 318 393 360 231 281 308 524 200 610 1,301 782 1,028 857
OPM % 13% 12% 12% 9% 11% 9% 12% 6% 17% 22% 12% 17% 15%
12 10 -74 -34 29 31 17 -560 6 1,730 -29 -0 1
Interest 185 175 186 225 550 659 712 868 909 459 453 470 546
Depreciation 97 116 83 82 255 273 273 276 267 261 266 266 272
Profit before tax 49 112 17 -109 -495 -592 -444 -1,504 -559 2,311 34 291 41
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 25
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 0.25
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: -8%
Compounded Profit Growth
10 Years: 13%
5 Years: 20%
3 Years: 34%
TTM: -84%
Stock Price CAGR
10 Years: 15%
5 Years: 64%
3 Years: 16%
1 Year: -20%
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 Sep 2024
Equity Capital 497 599 639 639 639 639 639 639 639 971 971 971 971
Reserves 1,309 1,525 1,579 1,459 999 511 61 -1,445 -2,001 862 1,087 1,292 1,224
2,399 3,655 4,031 4,275 4,189 4,040 3,942 3,940 3,829 3,845 3,414 3,214 3,129
700 779 957 704 1,139 1,575 2,074 2,628 3,434 644 582 623 636
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 5,961
1,260 1,473 1,401 2,200 4,785 4,899 4,641 4,241 3,992 3,744 3,536 3,316 3,468
CWIP 1,037 2,032 3,137 2,847 457 494 493 82 82 95 94 219 134
Investments 14 14 15 1 1 1 0 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 2,358
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 5,961

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

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 53.02% 53.02% 53.02% 53.02%
0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.05% 0.10% 0.01% 0.01%
51.97% 51.97% 51.97% 51.95% 51.97% 51.97% 51.96% 51.97% 46.92% 46.88% 46.96% 46.96%
No. of Shareholders 36,63536,65940,62039,05139,54039,36638,98740,99441,68145,19745,57951,026

* 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.

Documents

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