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Jayaswal Neco Industries Limited JAYNECOIND NSEINFRA

Basic Materials · Steel · India
https://www.necoindia.com
Company Profile ↓
₹93.06
+55.13% 1Y
Mkt Cap₹9,036.11 Cr
P/E16.02
P/B3.12
52W High₹115.24
52W Low₹57.44
Book Value₹29.26
EPS (TTM)₹5.81

Company Overview

Jayaswal Neco Industries Limited engages in the manufacture and sale of ally steel, 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, bright bar, alloy steel bars, and wire rods, as well as metallic products used in axles, fasteners, springs, connecting rods, pistons, shock absorbers, crankshafts, gears, bearings, stabiliser bars, ball joints, tyre cord, and tyre bead wire. It also provides automotive castings, such as differential and clutch housings, axles housings, cylinder heads, gear box housing, and cast axles products used for backhoe loaders, kingposts, and KP carriage assemblies; and carrier housing, axle end caps, backing rings and other precision-engineered castings for use in heavy commercial vehicles, railways, automotive components, and OEM applications. Further, the company offers ductile and cast iron manhole covers, frames, gratings, centrifugally cast CI spigot and socket pipes and fittings; hubless pipes and fittings; ductile iron castings; slag pots; heavy ingot mould; mould assembly with trumpet; duplex ingot moulds; and counter weights. Additionally, it mines for iron ore and limestone through advanced steel processing; and trades in coal and PVC pipes. The company serves automotive, engineering, railways, infrastructure, oil and gas, power, defence, agriculture, and other industrial sectors. The company 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.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 16.3%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 24.2%.

Consistent Profit Growth

Net profit has compounded at 26.9% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 16.0, below the sector median of 21.1.

Healthy Margins

Operating margin of 15.1% supports profitability.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹7,131.82 Cr (+18.9% YoY); net profit ₹463.11 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +27.7%, earnings +108.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR 4.0%, profit CAGR 26.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:4.04%
1 Year:27.70%

Compounded Profit Growth

5 Years:26.85%
1 Year:108.30%

Stock Price Performance

1 Year:+55.13%
6 Months:-10.56%
3 Months:+10.43%
1 Month:+1.59%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 62% of range
₹57.44 ₹115.24
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)48.79 · Neutral
Price Performance
1M+1.59%
3M+10.43%
6M-10.56%
1Y+55.13%
Valuation vs Sector

P/E of 16.02 is below the sector median of 21.09 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

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.

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Valuation

Stock P/E
16.02
Industry PE
21.09
Forward P/E est.
8.01
PEG Ratio
-
Book Value
₹29.26
Price to Book
3.12
P/S
1.17
EV/EBITDA
7.60
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
4.04%
Profit 5Y
26.85%
Revenue (YoY)
27.70%
Earnings (YoY)
108.30%

Profitability & Returns

ROCE
24.17%
ROE
16.30%
ROA
7.76%
Profit Margin
7.43%
Op Margin
15.13%
Gross Margin
61.76%
EPS (Latest Qtr)
₹2.00
EPS (TTM)
₹5.81

Balance Sheet & Liquidity

Debt/Equity
0.75
Quick Ratio
0.58
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
68.18%
Chg in Prom Hold
-1.02%
FII / Inst Holding
0.38%
Chg in FII Hold
0.04%

Financial Snapshot

Enterprise Value
₹9,036.11 Cr
Total Revenue (TTM)
₹7,589.03 Cr
EBITDA
₹1,410.72 Cr
Free Cash Flow
₹1,251.29 Cr
Operating Cash Flow
₹1,367.44 Cr
Shares Outstanding
₹97.10 Cr
Gross Margin
61.76%
Payout Ratio
0.00%

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 93.06 16.02 ₹9,036.11 Cr 0.00% 24.17% 16.30% 4.04% 26.85%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 10,849.00 37.39 ₹3.19 L Cr 2.25% 11.84% 10.66% 11.92% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,222.90 12.07 ₹2.99 L Cr 0.58% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,319.40 46.14 ₹2.22 L Cr 1.19% 24.41% 20.24% 1.10% 1.75%
5 HINDZINC Hindustan Zinc Limited NSEINFRA 525.00 13.00 ₹2.22 L Cr 2.07% 61.97% 61.13% 5.61% 9.58%
6 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 172.45 19.49 ₹2.15 L Cr 2.33% 11.32% 10.56% -1.59% 7.21%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 892.85 12.11 ₹1.98 L Cr 0.56% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 2,889.10 34.46 ₹1.96 L Cr 0.35% 3.98% 4.80% 14.30% -10.06%
9 SOLARINDS Solar Industries India Limited NSEINFRA 19,259.00 87.52 ₹1.74 L Cr 0.06% 29.51% 26.72% 12.39% 30.36%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Revenue 1,656.84 Cr1,675.27 Cr1,649.35 Cr1,727.23 Cr1,974.24 Cr2,106.56 Cr
Cost of Revenue 733.13 Cr613.76 Cr646.49 Cr628.70 Cr760.68 Cr759.55 Cr
Gross Profit 923.71 Cr1,061.51 Cr1,002.86 Cr1,098.53 Cr1,213.56 Cr1,347.01 Cr
Operating Expenses 734.35 Cr793.96 Cr762.94 Cr863.95 Cr912.75 Cr1,028.25 Cr
Operating Income 189.36 Cr267.55 Cr239.92 Cr234.58 Cr300.81 Cr318.76 Cr
EBITDA 267.04 Cr344.17 Cr319.44 Cr300.27 Cr380.21 Cr407.35 Cr
Interest Expense 140.03 Cr133.57 Cr119.38 Cr125.57 Cr68.95 Cr65.53 Cr
Pretax Income 52.57 Cr136.64 Cr125.39 Cr98.88 Cr236.47 Cr264.97 Cr
Tax Provision -24.36 Cr35.00 Cr32.37 Cr24.79 Cr45.60 Cr71.05 Cr
Net Income 76.93 Cr101.64 Cr93.02 Cr74.09 Cr190.87 Cr193.92 Cr
Diluted EPS 0.791.050.960.761.972.00

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 1,781.00 Cr2,261.00 Cr2,588.00 Cr2,545.00 Cr3,157.00 Cr3,020.00 Cr2,624.00 Cr-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 1,491.00 Cr1,905.00 Cr2,254.00 Cr2,227.00 Cr2,765.00 Cr2,659.00 Cr2,394.00 Cr-823.67 Cr898.54 Cr2,737.84 Cr3,315.90 Cr
Operating Income 211.00 Cr273.00 Cr247.00 Cr221.00 Cr276.00 Cr277.00 Cr149.00 Cr-554.68 Cr768.64 Cr652.95 Cr1,026.58 Cr
EBITDA 290.00 Cr357.00 Cr334.00 Cr318.00 Cr392.00 Cr360.00 Cr230.00 Cr-750.50 Cr1,022.41 Cr952.32 Cr1,330.63 Cr
Interest Expense 138.00 Cr144.00 Cr178.00 Cr185.00 Cr175.00 Cr187.00 Cr219.00 Cr-450.69 Cr465.44 Cr562.38 Cr426.22 Cr
Pretax Income 105.00 Cr148.00 Cr85.00 Cr48.00 Cr111.00 Cr16.00 Cr-110.00 Cr-34.10 Cr291.04 Cr103.20 Cr603.45 Cr
Tax Provision 35.70 Cr50.32 Cr30.60 Cr20.16 Cr48.84 Cr15.68 Cr16.50 Cr--192.77 Cr81.06 Cr-9.48 Cr140.34 Cr
Net Income 69.00 Cr98.00 Cr54.00 Cr28.00 Cr62.00 Cr0-94.00 Cr-226.87 Cr209.98 Cr112.68 Cr463.11 Cr
Diluted EPS 2.923.911.490.561.040.00-1.47-2.342.161.164.77

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 1,965.00 Cr2,807.00 Cr3,608.00 Cr4,929.00 Cr6,580.00 Cr7,228.00 Cr7,098.00 Cr-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 1,131.00 Cr1,244.00 Cr1,716.00 Cr2,422.00 Cr3,679.00 Cr4,055.00 Cr4,114.00 Cr-3,413.98 Cr3,234.78 Cr2,753.26 Cr2,108.80 Cr
Total Equity 593.00 Cr739.00 Cr1,228.00 Cr1,805.00 Cr2,122.00 Cr2,215.00 Cr2,121.00 Cr-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 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 84.00 Cr410.00 Cr179.00 Cr195.00 Cr184.00 Cr332.00 Cr521.00 Cr-738.96 Cr681.12 Cr1,388.49 Cr1,367.44 Cr
Investing Cash Flow 12.00 Cr-554.00 Cr-516.00 Cr-1,114.00 Cr-976.00 Cr-515.00 Cr-27.00 Cr--56.63 Cr-177.37 Cr-236.18 Cr-112.86 Cr
Financing Cash Flow -92.00 Cr152.00 Cr408.00 Cr947.00 Cr889.00 Cr-9.00 Cr-506.00 Cr--792.19 Cr-486.30 Cr-1,085.98 Cr-1,284.29 Cr
Capital Expenditure -64.00 Cr-631.00 Cr-529.00 Cr-1,122.00 Cr-983.00 Cr-522.00 Cr-151.00 Cr--66.10 Cr-190.47 Cr-244.11 Cr-116.15 Cr
Free Cash Flow 20.00 Cr-221.00 Cr-350.00 Cr-927.00 Cr-799.00 Cr-190.00 Cr370.00 Cr-672.86 Cr490.65 Cr1,144.38 Cr1,251.29 Cr
Net Change in Cash 4.00 Cr8.00 Cr70.00 Cr28.00 Cr96.00 Cr-192.00 Cr-13.00 Cr--109.86 Cr17.45 Cr66.33 Cr-29.71 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------21.8%28.1%56.5%60.9%
Operating Margin % 11.8%12.1%9.5%8.7%8.7%9.2%5.7%-8.8%13.0%10.9%14.4%
Net Margin % 3.9%4.3%2.1%1.1%2.0%0.0%-3.6%-3.6%3.5%1.9%6.5%
ROE % 11.6%13.3%4.4%1.6%2.9%0.0%-4.4%-11.0%9.3%4.7%16.3%
ROCE % --------26.6%14.4%13.6%24.1%

Shareholding Pattern

Insiders
68.18%
Institutions
0.38%
Public Float
1.18%

Analyst View

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Latest News

Recent headlines for JAYNECOIND

Google News Sun, 18 Oct 2026

JAYNECOIND Share Price Today - Jayaswal Neco Industries on NSE/BSE - scanx.trade

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Google News Sat, 22 Aug 2026

With EPS Growth And More, Jayaswal Neco Industries (NSE:JAYNECOIND) Makes An Interesting Case - Simply Wall Street

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Google News hu, 01 Oct 2026

Jayaswal Neco Industries Limited announced that it has received INR 500.000003 million in funding - marketscreener.com

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Google News Sun, 04 Oct 2026

JAYNECOIND Q2 2026 Earnings: Revenue Jumps 18.84% YoY to ₹71,127,770,000, Stock Slips 0.85% - Return On Capital - siam.in

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Google News ue, 29 Sep 2026

Jayaswal Neco Industries Share Price Today After 5.54% Rise - Univest

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Google News Fri, 04 Sep 2026

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JAYNECOIND — Frequently Asked Questions

What is the current share price of Jayaswal Neco Industries Limited (JAYNECOIND)?

As of 2026-10-23 04:58 IST, Jayaswal Neco Industries Limited (JAYNECOIND) trades at ₹93.06 on NSE. Its 52-week range is ₹57.44 to ₹115.24.

What is the market capitalisation of JAYNECOIND?

Jayaswal Neco Industries Limited (JAYNECOIND) has a market capitalisation of ₹9,036.11 Cr on NSE.

What is the P/E ratio of JAYNECOIND?

JAYNECOIND trades at a trailing price-to-earnings (P/E) ratio of 16.02. The industry average P/E is 21.09. Its price-to-book (P/B) ratio is 3.12.

What is the return on equity (ROE) of JAYNECOIND?

JAYNECOIND has a return on equity (ROE) of 16.30%. Its return on capital employed (ROCE) is 24.17%.

Is JAYNECOIND a good stock to buy?

This page provides a data-driven analysis of Jayaswal Neco Industries Limited (JAYNECOIND), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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