Jayaswal Neco Industries Ltd logo

Jayaswal Neco Industries Ltd

JAYNECOIND NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹8,586 Cr
Volatility
Moderate
P/E Ratio
15.52
EBITDA
₹263 Cr
Return on Equity
-4.41%
Debt to Equity
0.74
Book Value
₹29.26
EPS
₹2.3
52W High
₹117
52W Low
₹57.12

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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39 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company has delivered good profit growth of 23.2% CAGR over last 5 years
  • Company's working capital requirements have reduced from 56.4 days to 20.5 days

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.3% over last 3 years.
  • Promoters have pledged 99.9% of their holding.
  • Company's cost of borrowing seems high

Growth Rate

Revenue Growth
-12.30% ↘
Net Income Growth
-31300.00% ↘
Cash Flow Change
56.76% ↗
ROE
-44200.00% ↘
ROCE
-45.80% ↘
EBITDA Margin (Avg.)
-20.11% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Jayaswal Neco Industries Ltd is an industrial products company with a market cap of ₹8,482 Cr, trading at a PE of 15x and PB of 2.98x. The company has delivered strong profit growth of 23% CAGR over 5 years and 141% TTM profit growth, but carries significant governance risks with 99.9% promoter holding pledged and pays no dividend despite consistent profitability.

Bull Case 7
  • Strong profit growth with 23% CAGR over 5 years and an exceptional 141% TTM profit expansion indicating accelerating earnings momentum
  • Stock price CAGR of 65% over 1 year and 40% over 3 years reflects sustained re-rating driven by improving fundamentals
  • Company has actively reduced debt, strengthening balance sheet quality and reducing financial risk over time
  • Working capital efficiency improved significantly from 56.4 days to 20.5 days, freeing up cash flow for operations and growth
  • TTM sales growth of 22% indicates robust top-line momentum and improving demand for the company's industrial products
  • PE ratio of 15x is reasonable for a company delivering 23% profit CAGR, suggesting earnings growth has not been fully priced in
  • ROE improved to 18% in the last year from a 3-year average of 11%, showing improving capital efficiency and profitability trajectory
Bear Case 8
  • Promoters have pledged 99.9% of their holding, creating extreme governance risk and potential for forced selling in a market downturn
  • Zero dividend payout despite repeated profits raises concerns about capital allocation priorities and minority shareholder returns
  • 3-year average ROE of only 11.3% is below cost of equity for most industrial companies, indicating suboptimal long-term capital efficiency
  • High cost of borrowing suggests the company may face challenges in accessing cheaper capital, impacting net margins as rates fluctuate
  • 3-year compounded sales CAGR of only 4% versus 5-year CAGR of 14% suggests a period of revenue stagnation in recent years
  • 10-year sales CAGR of 10% is modest for an industrial company of this size, indicating limited structural growth advantages
  • PB ratio of 2.98x combined with inconsistent ROE history suggests the stock may be pricing in future improvement not yet sustained
  • Absence of key financial data points such as debt-to-equity ratio and EPS limits transparency for thorough fundamental analysis

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 1
  • Q1 profit surges 108% YoY Jul 17

    Jayaswal Neco reported Q1FY26 net profit of ₹19,392 lakh, up 108% YoY. Revenue rose 27.7% to ₹210,656 lakh driven by the Steel segment.

Neutral 1
  • President Materials Management resigns Jul 9

    Ravi Gudi's resignation as President (Materials Management) was accepted effective July 18, 2026, citing personal reasons.

TL;DR: Jayaswal Neco delivered a strong Q1FY26 with profit doubling and revenue growing nearly 28%, led by its Steel segment. No material headwinds surfaced, though a senior management departure in materials management bears watching. The earnings trend is clearly improving with robust top-line and bottom-line growth momentum.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,465
1,501
1,556
1,411
1,438
1,230
1,657
1,675
1,649
1,781
1,727
1,974
2,107
Expenses
1,256
1,206
1,266
1,179
1,273
1,061
1,393
1,334
1,335
1,454
1,417
1,599
1,711
Operating Profit
208
296
290
233
165
170
264
342
315
327
310
376
396
OPM %
14%
20%
19%
16%
11%
14%
16%
20%
19%
18%
18%
19%
19%
Other Income
4
2
10
-15
5
2
3
3
5
4
-10
5
12
Interest
105
107
115
142
144
145
140
134
119
112
126
69
66
Depreciation
66
67
67
67
67
71
74
74
75
76
76
75
77
PBT
40
124
119
8
-41
-45
53
137
125
143
99
236
265
Tax %
32%
26%
25%
75%
-23%
-24%
-46%
26%
26%
26%
25%
19%
27%
Net Profit
28
92
89
2
-32
-34
77
102
93
105
74
191
194
EPS in Rs
0.28
0.94
0.91
0.02
-0.33
-0.35
0.79
1.05
0.96
1.08
0.76
1.97
2
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,020
2,638
2,509
3,466
4,199
3,611
3,676
5,911
6,297
5,887
5,954
7,132
7,589
Expenses
2,659
2,407
2,228
3,158
3,675
3,410
3,066
4,610
5,515
4,859
5,013
5,804
6,180
Operating Profit
360
231
281
308
524
200
610
1,301
782
1,028
941
1,328
1,409
OPM %
12%
9%
11%
9%
12%
6%
17%
22%
12%
17%
16%
19%
19%
Other Income
-74
-34
29
31
17
-560
6
1,730
-29
0
13
3
10
Interest
186
225
550
659
712
868
909
459
453
470
564
426
372
Depreciation
83
82
255
273
273
276
267
261
266
266
287
301
303
PBT
17
-109
-495
-592
-444
-1,504
-559
2,311
34
291
103
603
743
Tax %
89%
-20%
-7%
-17%
0%
0%
0%
3%
-565%
28%
-9%
23%
—
Net Profit
2
-87
-459
-491
-444
-1,504
-558
2,247
227
210
113
463
564
EPS in Rs
0.03
-1.36
-7.19
-7.69
-6.95
-23.56
-8.74
23.14
2.34
2.16
1.16
4.77
5.81
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
639
639
639
639
639
639
639
971
971
971
971
971
Reserves
1,579
1,459
999
511
61
-1,445
-2,001
862
1,087
1,292
1,405
1,870
Borrowings
4,031
4,275
4,189
4,040
3,942
3,940
3,829
3,845
3,414
3,214
2,735
2,109
Other Liabilities
957
704
1,139
1,575
2,074
2,628
3,434
644
582
623
631
1,020
Total Liabilities
7,207
7,077
6,965
6,765
6,716
5,762
5,901
6,322
6,054
6,100
5,741
5,970
Fixed Assets
1,401
2,200
4,785
4,899
4,641
4,241
3,992
3,744
3,536
3,316
3,384
3,228
CWIP
3,137
2,847
457
494
493
82
82
95
94
219
127
94
Investments
15
1
1
1
0
0
0
0
0
0
0
2
Other Assets
2,653
2,029
1,722
1,372
1,582
1,439
1,827
2,483
2,423
2,565
2,230
2,646
Total Assets
7,207
7,077
6,965
6,765
6,716
5,762
5,901
6,322
6,054
6,100
5,741
5,970
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
333
498
272
260
374
313
448
860
739
681
1,388
1,367
Investing
-515
-27
32
25
-71
-29
-17
-26
-57
-177
-236
-113
Financing
-10
-484
-292
-225
-372
-284
-150
-943
-792
-486
-1,086
-1,284
Net Cash Flow
-192
-13
12
59
-70
0
281
-109
-110
17
66
-30
Free Cash Flow
-189
432
281
254
358
282
430
830
675
499
1,144
1,251
CFO/OP
96
215
98
83
72
156
72
66
94
68
148
104
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
43
60
59
42
36
33
28
27
26
25
24
Inventory Days
175
132
188
106
142
143
182
163
139
226
170
183
Days Payable
82
38
79
55
57
47
36
37
35
44
33
56
Cash Conversion Cycle
131
137
169
110
128
131
178
154
132
208
161
151
Working Capital Days
-25
-61
-148
-189
-191
-318
-396
59
-117
92
57
21
ROCE %
5%
3%
1%
1%
5%
-2%
12%
26%
10%
14%
13%
21%

Shareholding Pattern

As of Jun 2026
Promoters 55.15%
Public 22.03%
Others 20.72%
FIIs 1.32%
DIIs 0.77%
Total 99.99%
  Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Oct 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
70.98%
49.48%
49.48%
49.48%
49.48%
49.48%
49.48%
49.48%
49.48%
54.47%
54.47%
54.47%
54.47%
54.47%
55.15%
55.15%
55.15%
55.15%
55.15%
55.15%
FIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
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%
0.02%
0.02%
0.02%
0.04%
1.07%
1.29%
0.90%
1.32%
DIIs
0.00%
0.07%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.51%
0.21%
0.30%
0.77%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.50%
9.60%
9.59%
9.62%
9.73%
9.93%
9.97%
9.99%
10.01%
10.07%
9.97%
9.99%
9.78%
9.70%
9.70%
6.23%
6.12%
6.32%
6.10%
6.18%
6.08%
6.01%
6.03%
6.04%
5.97%
6.05%
6.02%
6.06%
5.37%
5.83%
21.09%
21.86%
21.83%
22.03%
Others
19.50%
19.33%
19.41%
19.38%
19.28%
19.07%
19.02%
19.02%
19.00%
18.94%
19.04%
19.02%
19.23%
19.31%
19.31%
44.29%
44.40%
44.21%
44.39%
44.34%
44.44%
44.51%
44.49%
39.45%
39.46%
39.47%
39.49%
39.46%
39.46%
38.98%
22.17%
21.49%
21.83%
20.72%
No. of Shareholders
39,069
38,701
38,421
38,017
37,608
37,401
37,111
36,897
36,846
36,750
36,510
36,282
37,164
36,500
36,500
36,635
36,659
40,620
39,051
39,540
39,366
38,987
40,994
41,681
45,197
45,579
51,026
50,911
51,309
51,611
1,02,768
1,02,763
96,844
98,451

Documents

Frequently Asked Questions about Jayaswal Neco Industries Ltd

What does Jayaswal Neco Industries Ltd do?
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 o...
Where is Jayaswal Neco Industries Ltd (JAYNECOIND) listed?
Jayaswal Neco Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: JAYNECOIND and BSE: 522285. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jayaswal Neco Industries Ltd belong to?
Jayaswal Neco Industries Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jayaswal Neco Industries Ltd?
Jayaswal Neco Industries Ltd has a market capitalisation of approximately ₹8585.57 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jayaswal Neco Industries Ltd?
The Price-to-Earnings (PE) ratio of Jayaswal Neco Industries Ltd is 15.52. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jayaswal Neco Industries Ltd?
Over the past 52 weeks, Jayaswal Neco Industries Ltd has traded between a low of ₹57.12 and a high of ₹117. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Jayaswal Neco Industries Ltd?
Jayaswal Neco Industries Ltd has a Return on Equity (ROE) of -4.41%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jayaswal Neco Industries Ltd on Tapetide?
On Tapetide, you can view Jayaswal Neco Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website necoindia.com
CEO Mr. Arvind Kumar Jayaswal
Employees 4,197
Listed 1995-05-10
Face Value ₹ 10
Issued Size 97,09,98,244

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