Jayaswal Neco Industr Ltd
NSE: JAYNECOIND · Iron & Steel Products · sector
₹88.64NSE close 2026-10-26
Key numbers
Market cap₹8,607 cr
Price₹88.64
52w high / low₹117 / ₹64
P/E12.5xSector median 15.5x
P/B2.6xSector median 1.7x
Book value₹34.2
Dividend yield–Sector median 0.60%
ROE23.4%Sector median 11.1%
ROCE25.6%Sector median 11.9%
OPM18.9%Sector median 6.7%
Debt / equity0.45xSector median 0.21x
EV/EBITDA6.4xSector median 11.8x
Interest cover3.8x
Current ratio1.52x
Sales growth 3y+4.0%Sector median +2.1%
Profit growth 3y+26.9%Sector median +13.0%
PEG0.47x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹268 cr vs borrowings ₹2,097 cr (FY26): borrowings are higher by ₹1,829 cr.
- Borrowings fell in each of the last 3 years (₹3,414 cr → ₹2,097 cr).
- Operating profit covered interest 3.8x in the last 12 months.
- 99.87% of the promoters' shares are pledged (55.1% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹88.64 on 2026-10-26: -24.2% from the 52-week high, +37.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹115.24 · low ₹29.12
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,657 | 1,675 | 1,649 | 1,781 | 1,727 | 1,974 | 2,107 | 2,194 |
| EBITDA | 264 | 342 | 315 | 327 | 300 | 376 | 396 | 440 |
| OPM % | 15.9% | 20.4% | 19.1% | 18.4% | 17.4% | 19.0% | 18.8% | 20.1% |
| Other income | 3 | 3 | 5 | 4 | -0 | 5 | 12 | 6 |
| Net profit | 77 | 102 | 93 | 105 | 74 | 191 | 194 | 230 |
| EPS (₹) | 0.79 | 1.05 | 0.96 | 1.08 | 0.76 | 1.97 | 2.00 | 2.37 |
| Revenue YoY | +4.2% | +17.8% | +27.7% | +23.2% | ||||
| Profit YoY | -3.7% | +87.8% | +108.5% | +118.6% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,959 | 6,343 | 5,934 | 6,000 | 7,132 | 8,002 |
| EBITDA | 3,024 | 731 | 1,008 | 940 | 1,318 | 1,512 |
| Net profit | 2,247 | 227 | 210 | 113 | 463 | 689 |
| EPS (₹) | 28.40 | 2.34 | 2.16 | 1.16 | 4.77 | 7.10 |
| Revenue growth | +6.4% | -6.5% | +1.1% | +18.9% | +18.3% | |
| Profit growth | -89.9% | -7.4% | -46.3% | +311.0% | +82.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.0% | +14.0% | +18.3% |
| Net profit | +26.9% | – | +82.8% |
| EPS | +26.8% | – | – |
| Share price | – | +42.9% (2y) | +25.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,058 | 2,263 | 2,376 | 2,841 |
| Borrowings | – | 3,414 | 3,214 | 2,723 | 2,097 |
| Cash & equivalents | – | 283 | 140 | 191 | 268 |
| Total assets | – | 6,054 | 6,100 | 5,741 | 5,970 |
| Fixed assets | – | 3,503 | 3,287 | 3,338 | 3,162 |
| Capital work in progress | – | 74 | 199 | 110 | 94 |
| Investments | – | 0 | 0 | 0 | 2 |
| Receivables | – | 469 | 419 | 401 | 469 |
| Inventory | – | 1,284 | 1,495 | 1,214 | 1,395 |
| Payables | – | 320 | 289 | 237 | 424 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 860 | 739 | 681 | 1,388 | 1,367 |
| Cash from investing | -26 | -57 | -177 | -236 | -113 |
| Cash from financing | -943 | -792 | -486 | -1,086 | -1,284 |
| Capex | 30 | 66 | 190 | 244 | 116 |
| Free cash flow | 830 | 673 | 491 | 1,144 | 1,251 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.0% | 9.3% | 4.7% | 16.3% |
| ROCE % | – | 8.9% | 13.9% | 13.1% | 20.9% |
| Debtor days | – | 27 | 26 | 24 | 24 |
| Inventory days | – | 139 | 226 | 170 | 183 |
| Payable days | – | 35 | 44 | 33 | 56 |
| Cash conversion cycle (days) | – | 131 | 208 | 161 | 151 |
| Working capital days | – | -100 | 100 | 68 | 34 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.15% |
| FIIs | 0.97% |
| DIIs | 0.76% |
| of which Mutual funds | 0.12% |
| Public (non-institutions) | 43.12% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.47% | 55.15% | 55.15% | 55.15% | 55.15% | 55.15% | 55.15% | 55.15% |
| Promoter group | % |
|---|---|
| Jayaswal Holdings PVT Ltd | 5.75% |
| Nine Star Plastic Packaging Services Private Limited | 5.21% |
| Karamveer Impex Private Limited | 5.14% |
| Jayaswal Neco Metallics Private Limited | 4.90% |
| Jayaswal Neco Energy Private Limited | 4.85% |
| Jayaswal Neco Infrastructures Private Limited | 4.32% |
| Avon Sales and Services Private Limited | 4.30% |
| Anurag Sales and Services PVT Ltd | 4.29% |
| Apex Spinning Mills PVT Ltd | 4.20% |
| Jayaswal Neco Power Private Limited | 4.13% |
| Jayaswal Neco Steel and Mining Limited | 2.27% |
| Basant Lall Shaw | 1.34% |
| Ramesh Jayaswal | 0.52% |
| Arvind Jayaswal | 0.52% |
| Karishma Jayaswal | 0.46% |
| Public holders above 1% | % |
|---|---|
| Efficient Structures Private Limited | 2.95% |
| Rajvardhan Tradezone Private Limited | 2.71% |
| Costal Multitrading Private Limited | 2.65% |
| Salmon Developers Private Limited | 1.91% |
| Darshan Gems Private Limited | 1.78% |
1,05,471 shareholders. Pledged: 99.87% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| MAHSEAMLES | ₹7,148 cr | 9.7x | 1.0x | 11.2% | 14.2% | 15.0% | -6.5% | 1.87% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Steel | ₹6,643 cr | 92.6% | ₹1,043 cr | 15.7% |
| Iron and Steel Castings | ₹520 cr | 7.3% | ₹11 cr | 2.0% |
| Others | ₹10 cr | 0.1% | ₹-0 cr | -0.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-12-22 | Other | Annual General Meeting |
| 2020-12-16 | Other | Annual General Meeting |
| 2019-09-18 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-18 | Other | Annual General Meeting |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-11 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-20 | Other | Annual General Meeting |
| 2011-09-15 | Other | Annual General Meeting |
| 2010-09-23 | Other | Annual General Meeting |
| 2009-12-23 | Other | Annual General Meeting |
| 2008-09-18 | Other | Annual General Meeting |
| 2007-09-20 | Other | Agm |
| 2006-09-14 | Other | Agm |
| 2005-09-22 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Iron and Steel: Metal and Metal Products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | JAYNECOIND |
| BSE code | 522285 |
| ISIN | INE854B01010 |
| Face value | ₹10.0 |
| Incorporated | 1972-11-28 |
| Website | www.necoindia.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.