Jayaswal Neco

What does Jayaswal Neco do?

Jayaswal Neco Industries Ltd is a small-cap manufacturer of iron and steel products, with net sales of ₹1,675 Cr and a net profit of ₹102 Cr reported for March 2025. The company has a market cap of ₹3,985 Cr and operates with a P/E ratio of 36.00.

Overview:<BR>Jayaswal Neco Industries Ltd is a manufacturer of iron and steel products and operates within the small-cap market segment.<BR><BR>History:<BR>The company was incorporated on November 28, 1972, and changed its name from Jayaswals Neco Limited to Jayaswal Neco Industries Limited on September 7, 2007. The latest quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,675 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 102 Cr (Quarterly Results - Mar 2025)<BR>- Market cap: Rs 3,985 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 36.00<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 1.07<BR>- Return on Equity: 4.74%<BR>- Price to Book: 1.69<BR><BR>Contact Details:<BR>Address: F/8 MIDC Industrial Area, Hingna Road Nagpur Maharashtra : 440016<BR>Tel: 91-07104-237276/237471/237472<BR>Email: contact@necoindia.com<BR>Website: http://www.necoindia.com

Has Jayaswal Neco declared dividend?

No Dividend History Available

Who are the peers of the Jayaswal Neco?

Jayaswal Neco's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Kalyani Steels, Goodluck India, Shivalik Bimetal, Venus Pipes, and JTL Industries. Jayaswal Neco has below average management and capital structure, with a 1-year return of -15.44%, better than JTL Industries but worse than most peers.

Peers: The peers of Jayaswal Neco are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Kalyani Steels, Goodluck India, Shivalik Bimetal, Venus Pipes, and JTL Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, Shivalik Bimetal, and Venus Pipes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Kalyani Steels. Average management risk is present at Jindal Saw, Goodluck India, and JTL Industries, while Below Average management risk is noted for Jayaswal Neco. Excellent growth is seen at APL Apollo Tubes, Jindal Saw, Shivalik Bimetal, and Venus Pipes, while Good growth is observed at Jayaswal Neco. Average growth is found at Shyam Metalics, Goodluck India, and Kalyani Steels, and Below Average growth is noted for Welspun Corp. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, Ratnamani Metals, and Kalyani Steels, while Good capital structure is seen at Venus Pipes. Below Average capital structure is noted for Jayaswal Neco, Jindal Saw, and Goodluck India.<BR><BR>Return Snapshot: Welspun Corp has the highest 1-year return at 68.43%, while JTL Industries has the lowest at -43.01%. Jayaswal Neco's 1-year return of -15.44% is better than JTL Industries but worse than most peers. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, Venus Pipes, and JTL Industries.

When is the next results date for Jayaswal Neco?

The next results date for Jayaswal Neco is 18 July 2025.

The next results date for Jayaswal Neco is scheduled for 18 July 2025.

Who are in the management team of Jayaswal Neco?

As of March 2022, the management team of Jayaswal Neco includes Arbind Jayaswal (Executive Chairman), Ramesh Jayaswal (Managing Director), and several independent and non-executive directors, alongside executive roles such as Megh Pal Singh (COO) and Ashish Srivastava (Company Secretary). The team combines executive and non-executive members to oversee the company's governance and operations.

As of March 2022, the management team of Jayaswal Neco includes the following members:<BR><BR>1. Basant Lall Shaw - Chairman Emeritus<BR>2. Arbind Jayaswal - Executive Chairman<BR>3. Ramesh Jayaswal - Managing Director<BR>4. BK Agrawal - Independent Non-Executive Director<BR>5. Ashwini Kumar - Independent Non-Executive Director<BR>6. Manoj B Shah - Independent Non-Executive Director<BR>7. Kumkum Rathi - Independent Non-Executive Director<BR>8. Megh Pal Singh - Executive Director & COO<BR>9. Vinod Kumar Kathuria - Independent Non-Executive Director<BR>10. R P Mohanka - Independent Non-Executive Director<BR>11. Davinder Chugh - Non-Executive Director / Nominated<BR>12. Atul Gupta - Non-Executive Director / Nominated<BR>13. Ashish Srivastava - Company Secretary & Compliance Officer<BR>14. Sangram K. Swain - Additional Director & Executive Director<BR><BR>This team comprises a mix of executive and non-executive directors, contributing to the governance and operational management of the company.

Who are the top shareholders of the Jayaswal Neco?

The top shareholders of Jayaswal Neco include Jayaswal Holdings Pvt Ltd with 5.75%, and Assets Care And Reconstruction Enterprise Ltd as the largest public shareholder at 26.45%. Individual investors hold 5.37%, while mutual funds and foreign institutional investors have negligible stakes.

The top shareholders of Jayaswal Neco primarily consist of promoters, with a significant portion of their holdings pledged. The promoter with the highest stake is Jayaswal Holdings Pvt Ltd, which holds 5.75% of the company. Additionally, the highest public shareholder is Assets Care And Reconstruction Enterprise Ltd, owning 26.45%. Individual investors collectively hold 5.37%, while mutual funds and foreign institutional investors have minimal holdings, with mutual funds holding 0% and FIIs holding 0.02%.

How big is Jayaswal Neco?

As of 24th July, Jayaswal Neco Industries Ltd has a market capitalization of 4,553.00 Cr, with recent net sales of 6,211.52 Cr and a net profit of 237.38 Cr.

As of 24th July, Jayaswal Neco Industries Ltd has a market capitalization of 4,553.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 6,211.52 Cr and a Net Profit of 237.38 Cr.<BR><BR>The latest annual period for the balance sheet is March 2016, with Shareholder's Funds amounting to 2,120.78 Cr and Total Assets of 7,097.51 Cr.

Are Jayaswal Neco latest results good or bad?

Jayaswal Neco's latest results are positive, showing a net profit of ₹105.13 crores for Q2 FY26, a significant recovery from a loss last year, with revenue up 44.79%. However, concerns about high debt levels and pledged shares may pose risks to sustained growth.

Jayaswal Neco's latest results indicate a significant turnaround in its financial performance, which can be viewed positively. The company reported a net profit of ₹105.13 crores for Q2 FY26, marking a substantial recovery from a loss of ₹34.21 crores in the same quarter last year. This represents a year-on-year growth of over 400%, showcasing a strong operational recovery.<BR><BR>Additionally, the revenue for the quarter grew by 44.79% year-on-year, reaching ₹1,781 crores, which reflects both volume growth and improved steel realizations amid strengthening domestic demand. The operating margin also improved to 18.36%, up from 13.78% in the previous year, indicating better cost management and operational efficiency.<BR><BR>However, despite these positive results, there are concerns regarding the company's elevated debt levels, with a debt-to-equity ratio of 1.45 and nearly all promoter shares pledged (99.87%). This situation could temper investor enthusiasm and poses risks to the sustainability of the recovery.<BR><BR>In summary, while the quarterly results show a strong operational turnaround and improved profitability, the high debt levels and share pledging present significant risks that investors should consider.

Is Jayaswal Neco overvalued or undervalued?

As of November 10, 2025, Jayaswal Neco is considered very expensive and overvalued with a PE ratio of 18.74, despite a strong year-to-date return of 86.38%, indicating that investors may be paying a premium not justified by its fundamentals compared to peers like JSW Steel and Tata Steel.

As of 10 November 2025, the valuation grade for Jayaswal Neco has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key financial ratios include a PE ratio of 18.74, an EV to EBITDA of 7.70, and a ROE of 15.86%. <BR><BR>When compared to peers, Jayaswal Neco's valuation appears starkly higher; for instance, JSW Steel has a PE ratio of 47.11 and Tata Steel stands at 46.66, both categorized as expensive, while Jayaswal Neco remains at a much lower valuation yet is still classified as very expensive. Additionally, despite a strong year-to-date return of 86.38%, which outpaces the Sensex's 6.91%, the current valuation metrics suggest that investors may be paying a premium for the stock that is not justified by its fundamentals.

How has been the historical performance of Jayaswal Neco?

Jayaswal Neco's historical performance from 2010 to 2016 showed significant fluctuations, with net sales peaking at 3,160.79 crore in 2014 before declining to 2,632.50 crore in 2016, while profitability turned negative in 2016 with a profit after tax of -93.59 crore. Despite increased total assets and liabilities, the company faced volatility in profitability and cash flow during this period.

Answer:<BR>The historical performance of Jayaswal Neco has shown significant fluctuations over the years, particularly from 2010 to 2016.<BR><BR>Breakdown:<BR>From March 2010 to March 2016, Jayaswal Neco's net sales increased from 1,787.41 crore to 2,632.50 crore in 2016, peaking at 3,160.79 crore in 2014 before declining in subsequent years. Other operating income has remained minimal, contributing slightly to total operating income, which reached a high of 3,161.05 crore in 2014 but fell to 2,632.62 crore by 2016. The company's total expenditure, excluding depreciation, rose from 1,497.20 crore in 2010 to 2,404.17 crore in 2016, reflecting increased operational costs. Operating profit (PBDIT) peaked at 400.09 crore in 2014 but dropped to 262.77 crore in 2016, while profit before tax turned negative in 2016 at -110.45 crore, following a profit of 15.65 crore in 2015. Consequently, profit after tax also fell sharply to -93.59 crore in 2016, down from a slight profit of 0.29 crore in 2015. The company's total assets increased from 2,807.46 crore in 2011 to 7,097.51 crore in 2016, with total liabilities also rising from 2,807.46 crore to 7,227.88 crore in the same period. Cash flow from operating activities improved to 520.82 crore in 2016, despite a net cash outflow of -12.52 crore, indicating challenges in financing activities. Overall, Jayaswal Neco's performance has been marked by volatility, particularly in profitability and cash flow, alongside a steady increase in assets and liabilities.

Is Jayaswal Neco technically bullish or bearish?

As of November 24, 2025, the trend is mildly bullish based on daily moving averages, but caution is warranted due to mixed signals from weekly indicators and a bearish monthly RSI.

As of 24 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by daily moving averages indicating a positive trend. However, the weekly MACD and KST are mildly bearish, which introduces some caution. The monthly MACD remains bullish, suggesting potential strength in the longer term. The RSI on the monthly timeframe is bearish, indicating weakness. Overall, while there are mixed signals, the daily indicators provide a more optimistic outlook, albeit with some underlying bearish pressures in the weekly timeframe.

Should I buy, sell or hold Jayaswal Neco Industries Ltd?

Which are the latest news on Jayaswal Neco?

Why is Jayaswal Neco Industries Ltd falling/rising?

As of 08-Feb, Jayaswal Neco Industries Ltd's stock price has risen to 75.86, driven by strong financial performance, including a 168.34% annual operating profit growth and a 337.13% increase in profit after tax over the last six months. Despite a recent drop in delivery volume, the stock remains liquid and is trading at a fair valuation compared to peers, contributing to its upward price movement.

As of 08-Feb, Jayaswal Neco Industries Ltd is experiencing a rise in its stock price, currently at 75.86, with a change of 0.49 (0.65%) upwards. This positive movement can be attributed to several factors. <BR><BR>Firstly, the stock has outperformed its sector by 0.62% today, indicating strong relative performance. Additionally, the stock has shown healthy long-term growth, with an operating profit growth rate of 168.34% annually. The company has also reported positive results for the last four consecutive quarters, with a significant increase in profit after tax (PAT) of 337.13% over the latest six months, and net sales growth of 21.52% during the same period.<BR><BR>Moreover, the stock has generated impressive returns over the past year, with a return of 101.76%, significantly outperforming the Sensex, which only increased by 7.07%. Over the last three years, the stock has achieved a remarkable return of 237.91%, compared to the Sensex's 38.13%. <BR><BR>Despite a recent decline in investor participation, as indicated by a 37.65% drop in delivery volume against the 5-day average, the stock remains liquid enough for trading, which supports its price stability. The stock is also trading at a discount compared to its peers' average historical valuations, suggesting a fair valuation that could attract more investors.<BR><BR>In summary, the combination of strong financial performance, significant historical returns, and favorable market positioning contributes to the rising stock price of Jayaswal Neco Industries Ltd.