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 ₹ 7,587 Cr.
- Current Price ₹ 78.1
- High / Low ₹ 81.2 / 26.1
- Stock P/E
- Book Value ₹ 33.2
- Dividend Yield 0.00 %
- ROCE 2.93 %
- ROE -0.87 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.02% over past five years.
- Company has a low return on equity of 0.38% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 99.9% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|
| 1,781 | 2,261 | 2,588 | 2,545 | 3,157 | 3,020 | 2,624 | |
| 1,491 | 1,905 | 2,254 | 2,227 | 2,765 | 2,659 | 2,394 | |
| Operating Profit | 290 | 357 | 334 | 318 | 392 | 360 | 230 |
| OPM % | 16% | 16% | 13% | 13% | 12% | 12% | 9% |
| 32 | 19 | 16 | 11 | 9 | -75 | -41 | |
| Interest | 138 | 144 | 178 | 185 | 175 | 187 | 219 |
| Depreciation | 79 | 84 | 87 | 97 | 116 | 83 | 81 |
| Profit before tax | 105 | 148 | 85 | 48 | 111 | 16 | -110 |
| Tax % | 34% | 34% | 36% | 42% | 44% | 98% | -15% |
| 69 | 98 | 54 | 28 | 62 | 0 | -94 | |
| EPS in Rs | 2.92 | 3.91 | 1.49 | 0.56 | 1.04 | 0.00 | -1.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 1% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 91% |
| 3 Years: | 48% |
| 1 Year: | 84% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 237 | 251 | 360 | 497 | 599 | 639 | 639 |
| Reserves | 356 | 488 | 868 | 1,308 | 1,523 | 1,576 | 1,482 |
| 1,131 | 1,244 | 1,716 | 2,422 | 3,679 | 4,055 | 4,114 | |
| 240 | 825 | 664 | 701 | 779 | 958 | 863 | |
| Total Liabilities | 1,965 | 2,807 | 3,608 | 4,929 | 6,580 | 7,228 | 7,098 |
| 1,130 | 1,098 | 1,166 | 1,268 | 1,481 | 1,410 | 2,207 | |
| CWIP | 39 | 199 | 635 | 1,062 | 2,058 | 3,163 | 2,852 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| 796 | 1,510 | 1,808 | 2,597 | 3,040 | 2,654 | 2,038 | |
| Total Assets | 1,965 | 2,807 | 3,608 | 4,929 | 6,580 | 7,228 | 7,098 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|
| 84 | 410 | 179 | 195 | 184 | 332 | 521 | |
| 12 | -554 | -516 | -1,114 | -976 | -515 | -27 | |
| -92 | 152 | 408 | 947 | 889 | -9 | -506 | |
| Net Cash Flow | 4 | 8 | 70 | 28 | 96 | -192 | -13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 41 | 41 | 43 | 47 | 38 | 44 |
| Inventory Days | 118 | 147 | 158 | 189 | 141 | 175 | 132 |
| Days Payable | 20 | 94 | 78 | 85 | 67 | 82 | 80 |
| Cash Conversion Cycle | 129 | 94 | 121 | 148 | 122 | 131 | 95 |
| Working Capital Days | 121 | -42 | 1 | -38 | -46 | -25 | -64 |
| ROCE % | 16% | 10% | 6% | 6% | 5% | 3% |
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]