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Jayaswal Neco Industries Limited JAYNECOIND NSEINFRA

Basic Materials · Steel · India
https://www.necoindia.com

Jayaswal Neco Industries Limited engages in the manufacture and sale of steel products and iron and steel castings in India. It operates through Steel, Iron and Steel Castings, and Other segments. The company offers steel products, including pellets, sponge and pig iron, billets, alloy steel bars and wire rods, and blooms and slabs used in carbon and alloy steels, springs, cold heading quality steels, leaf springs, connecting rods, shock absorber and crank shafts, gears, ball bearings, and stabilizer bars and coils, as well as supplies steel in cast, rolled, annealed, and bright bar forms. It also provides automotive castings, such as differential and clutch housings, axles, cylinder heads, and gear box housing products used by cars, trucks, ractors,and agricultural equipment manufacturers, as well as hubs, suspension and engineering items, differential case and covers, railway inserts, base plates for metro rail, insulators and electrical prts, and supplies iron castings to the automotive sector; and engineering castings comprising ductile iron castings, carrier housing, and axle end cap and backing rings. Additionally, the company offers centricast products, including sanitary, hub less pipes, ductile and cast iron manhole covers, and frames and gratings and construction castings comprising manhole covers, ingot moulds, stool plates, and slag pots under NECO brand. Further, it produces various grades of iron ores and limestones to feed the integrated iron and steel plants and engages n PVC pipes trading. The company serves its products in automotive, defense, infrastructure, oil and gas, power, railways, engineering, generator sets, petrochemicals and refineries, agricultural machinery, steel, service lines, irrigation, sugar crushers, crane and material handling equipment manufacturers, bearings, structural and fasteners, and other industries. Jayaswal Neco Industries Limited was formerly known as Jayaswals Neco Ltd. and changed its name to Jayaswal Neco Industries Limited in November 2007. The company was incorporated in 1972 and is headquartered in Nagpur, India.

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₹102.34
+156.94% 1Y

Market & Price

Market Cap
₹9,937.20 Cr
Current Price
₹102.34
High / Low (52W)
₹115.24 / ₹35.29
Beta
0.88

Valuation

Stock P/E
21.45
Industry PE
23.81
Forward P/E
-
PEG Ratio
-
Book Value
₹29.26
Price to Book
3.50
P/S
1.39
EV/EBITDA
8.88
Dividend Yield
-

Profitability & Returns

ROCE
24.17%
ROE
17.75%
ROA
10.96%
Profit Margin
6.49%
Op Margin
15.24%
EPS (Latest Qtr)
₹1.97
EPS (TTM)
₹4.77

Balance Sheet & Liquidity

Debt/Equity
0.75
Quick Ratio
0.43
Current Ratio
1.39
Debt
₹2,123.33 Cr
Total Assets
₹5,970.14 Cr
Current Assets
₹2,379.03 Cr
Working Capital
₹668.14 Cr

Ownership

Promoter Holding
69.19%
Chg in Prom Hold
-
FII / Inst Holding
0.37%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹11,792.58 Cr
Total Revenue (TTM)
₹7,131.82 Cr
EBITDA
₹1,327.54 Cr
Free Cash Flow
₹652.46 Cr
Operating Cash Flow
₹1,367.44 Cr
Shares Outstanding
₹97.10 Cr
Gross Margin
60.89%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
4.04%
Profit 5Y
26.85%
Revenue (YoY)
17.80%
Earnings (YoY)
87.70%

PROS

  • Healthy ROCE of 24.2%.
  • Profit CAGR of 26.9% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 JAYNECOIND Jayaswal Neco Industries Limited NSEINFRA 102.34 21.45 ₹9,937.20 Cr - 24.17% 17.75% 4.04% 26.85%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 1,656.84 Cr1,675.27 Cr1,649.35 Cr1,727.23 Cr1,974.24 Cr
Cost of Revenue 733.13 Cr613.76 Cr646.49 Cr628.70 Cr760.68 Cr
Gross Profit 923.71 Cr1,061.51 Cr1,002.86 Cr1,098.53 Cr1,213.56 Cr
Operating Expenses 734.35 Cr793.96 Cr762.94 Cr863.95 Cr912.75 Cr
Operating Income 189.36 Cr267.55 Cr239.92 Cr234.58 Cr300.81 Cr
EBITDA 267.04 Cr344.17 Cr319.44 Cr300.27 Cr380.21 Cr
Interest Expense 140.03 Cr133.57 Cr119.38 Cr125.57 Cr68.95 Cr
Pretax Income 52.57 Cr136.64 Cr125.39 Cr98.88 Cr236.47 Cr
Tax Provision -24.36 Cr35.00 Cr32.37 Cr24.79 Cr45.60 Cr
Net Income 76.93 Cr101.64 Cr93.02 Cr74.09 Cr190.87 Cr
Diluted EPS 0.791.050.960.761.97

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -6,331.99 Cr5,926.07 Cr5,999.73 Cr7,131.82 Cr
Cost of Revenue -4,953.64 Cr4,258.89 Cr2,608.94 Cr2,789.34 Cr
Gross Profit -1,378.35 Cr1,667.18 Cr3,390.79 Cr4,342.48 Cr
Operating Expenses -823.67 Cr898.54 Cr2,737.84 Cr3,315.90 Cr
Operating Income -554.68 Cr768.64 Cr652.95 Cr1,026.58 Cr
EBITDA -750.50 Cr1,022.41 Cr952.32 Cr1,330.63 Cr
Interest Expense -450.69 Cr465.44 Cr562.38 Cr426.22 Cr
Pretax Income -34.10 Cr291.04 Cr103.20 Cr603.45 Cr
Tax Provision --192.77 Cr81.06 Cr-9.48 Cr140.34 Cr
Net Income -226.87 Cr209.98 Cr112.68 Cr463.11 Cr
Diluted EPS 23.572.342.161.16-

Compounded Sales Growth

5 Years:4.04%
1 Year:17.80%

Compounded Profit Growth

5 Years:26.85%
1 Year:87.70%

Stock Price Performance

1 Year:+156.94%
6 Months:+45.47%
3 Months:+31.95%
1 Month:-7.63%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -6,053.51 Cr6,100.48 Cr5,741.46 Cr5,970.14 Cr
Current Assets -2,235.47 Cr2,365.97 Cr2,048.08 Cr2,379.03 Cr
Cash & Equivalents -72.01 Cr89.46 Cr155.79 Cr126.08 Cr
Inventory -1,283.60 Cr1,494.56 Cr1,214.07 Cr1,395.17 Cr
Receivables -468.58 Cr418.95 Cr400.64 Cr469.00 Cr
Total Liabilities -3,995.69 Cr3,837.19 Cr3,365.89 Cr3,128.78 Cr
Current Liabilities -3,964.95 Cr746.48 Cr930.31 Cr1,710.89 Cr
Long Term Debt -25.79 Cr3,054.99 Cr2,424.73 Cr1,311.80 Cr
Total Debt -3,413.98 Cr3,234.78 Cr2,753.26 Cr2,108.80 Cr
Total Equity -2,057.82 Cr2,263.29 Cr2,375.57 Cr2,841.36 Cr
Shares Outstanding -97.10 Cr97.10 Cr97.10 Cr97.10 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -738.96 Cr681.12 Cr1,388.49 Cr1,367.44 Cr
Investing Cash Flow --56.63 Cr-177.37 Cr-236.18 Cr-112.86 Cr
Financing Cash Flow --792.19 Cr-486.30 Cr-1,085.98 Cr-1,284.29 Cr
Capital Expenditure --66.10 Cr-190.47 Cr-244.11 Cr-116.15 Cr
Free Cash Flow -672.86 Cr490.65 Cr1,144.38 Cr1,251.29 Cr
Net Change in Cash --109.86 Cr17.45 Cr66.33 Cr-29.71 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -21.8%28.1%56.5%60.9%
Operating Margin % -8.8%13.0%10.9%14.4%
Net Margin % -3.6%3.5%1.9%6.5%
ROE % -11.0%9.3%4.7%16.3%
ROCE % -26.6%14.4%13.6%24.1%

Shareholding Pattern

Insiders
69.19%
Institutions
0.37%
Public Float
1.21%

Analyst View

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