JAYNECOINDCapital Goods

Jayaswal Neco Industries Limited

Iron & Steel Products · ISIN INE854B01010 · BSE 522285 · NSE EQ · FV ₹10
Last price
₹89
+1.82%today
What this company does

Jayaswal Neco Industries Limited operates in Iron & Steel Products, part of the Capital Goods sector. It booked ₹2,107 cr of revenue in its latest quarter (Q1 FY27) and kept 9.2% of sales as profit.

We are a leading player in India's alloy steel and castings industry with integrated operations. The unparalleled quality of our products coupled with the ability to deliver tailored solutions enable us to become the trusted partner for our diverse customers.
Their stated vision

is to be a globally admired organisation, focused on responsible growth and long-term value creation for all stakeholders.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns75

How much profit it earns on the money it employs

Balance sheet13

How much it owes, and whether earnings cover the interest

Cash quality97

Whether reported profit actually arrives as cash

Growth & consistency45

Whether sales and profit have grown, and how steadily

Valuation91

What today's price implies, against our models or its peers

Governance & risk40

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Profit up 108% vs last year
Promoters hold 55%
Strong 27% return on equity
Turns profit into real cash
Watch-outs
! 99.9% of promoter stake pledged

What if I invest in JAYNECOIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 14% a year, it would become
₹24.93 lakh

The slider starts at 14%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹89 +1.82%
latest close · 2026-09-17
1-year return
+351.5%
52-wk low ₹1952-wk high ₹105
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.1Low
LowAverageHigh
P/B ratio3.04High
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.3%Strong
WeakFairStrong ▸15%
Return on capital31.0%Strong
WeakFairStrong
Net margin9.2%Decent
ThinDecentStrong
EBITDA margin19.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.74Moderate
LowModerateHigh ▸1
Interest cover5.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.39Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹8,636 cr
Book value
₹29
EPS
₹2.00
latest quarter
Net debt
₹1,971 cr
owes more than its cash
Enterprise value
₹10,607 cr
EBITDA
₹1,629 cr
annualised
EBIT
₹1,322 cr
annualised
Operating margin
15.7%
Return on assets
13.0%
Earnings yield
8.99%
P/S
1.02
Sales / share
₹86.8
Tax rate
26.8%
Face value
₹10
Shares
97.1 cr
Working capital
₹668 cr
Current assets
₹2,379 cr
Current liabilities
₹1,711 cr
Delivery %
45.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹18₹36, midpoint ₹27

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,107 cr
Other Income₹12 cr
Total Income₹2,118 cr
Cost of Materials₹722 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹26 cr
Employee Benefit Expense₹119 cr
Finance Costs₹66 cr
Depreciation & Amortisation₹77 cr
Other Expenses₹833 cr
Total Expenses₹1,853 cr
Profit before Tax₹265 cr
Tax Expense₹71 cr
Net Profit₹194 cr
Net margin on total income9.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹760 cr35.9%
Employee benefit expense₹119 cr5.6%
Finance costs₹66 cr3.1%
Depreciation & amortisation₹77 cr3.6%
Other expenses₹833 cr39.3%
Tax expense₹71 cr3.4%
Profit for the period₹194 cr9.2%
Total income ₹2,118 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,727 cr1,974 cr2,107 cr
Total income1,727 cr1,979 cr2,118 cr
Expenses1,618 cr1,742 cr1,853 cr
Profit before tax99 cr236 cr265 cr
Tax25 cr46 cr71 cr
Net profit (owners' share)74 cr191 cr194 cr
Net margin (owners' share, on revenue)4.3%9.7%9.2%
EPS (₹)0.761.972.00
YoY (latest quarter): total income +28.1% · net profit +108.5%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹5,970 cr
Shareholder equity
₹2,841 cr
parent shareholders
Total debt
₹2,097 cr
Cash
₹126 cr
Cash flow · H1 FY26
Operating
₹670 cr
Investing
₹-58 cr
Financing
₹-630 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
99.9% pledged
Promoter
55.1%
FII / Foreign
1.3%
DII / Domestic
0.8%
Retail / others
42.8%
Promoter stake up 5.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAPEX SPINNING MILLS PVT LTD · Promoter Group4.08 cr · ₹373.3 cr2 Jan 26
SoldNISHA JAYASWAL · Promoters27.17 L · ₹24.9 cr2 Jan 26
SoldANAND JAYASWAL · Promoters30.63 L · ₹28.0 cr2 Jan 26
Bulk / block deals
short · NSE17 Sep 26
short · NSE3314 Sep 26
short · NSE126 Aug 26
Stake changes
BoughtVistra ITCL (india) Ltd→ 55.15%2 Jan 26
BoughtVistra ITCL (india) Ltd→ 83.74% · 53.48 cr2 Jan 26
BoughtVistra ITCL ( India) ltd→ 55.15%26 Dec 25
Promoter pledges
ReleasedState Bank of India Lender This pledge was subsequently held by ACRE 54 TRUST with ACRE acting as the trustee pursuant to the assignment of debt along with underlying Securities.4.39 cr · 4.52% held8 Feb 22
ReleasedUnion Bank of India (Lender). this pledge was subsequently held by ACRE - 59 - TRUST, with ACRE acting as the trustee, pursuant to the assignment of debt along with underlying securities.73.84 L · 0.76% held20 Dec 21
ReleasedPledged Created in favour of IDBI Trusteeship Services Limited on behalf of IDBI Bank Lender This Pledge was subsequently held by ACRE 68 Trust with ACRE acting as the trustee pursuant to the assignment of debt along with underlying securities.50,000 · 0.01% held2 Nov 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Sep 2026
See the official result
1
To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
11.91 cr votes for, 6,804 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Shri Arvind Jayaswal (DIN: 00249864), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
11.91 cr votes for, 11,391 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Ramesh Jayaswal (DIN: 00249947), who retires by rotation as a Director at this Annual General Meeting and being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
11.91 cr votes for, 11,484 against · 0% of mutual funds and other big investors said no
4
To consider the re-appointment of M/s Chaturvedi & Shah LLP, Chartered Accountants, as Statutory Auditors of the Company and to fix their remuneration.
Backed by 99% of shareholders other than promotersneeded 50%
11.79 cr votes for, 11.54 L against · 20% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 55.1% between them · as of 2026-06-30
JAYASWAL HOLDINGS PVT LTD5.75%
NINE STAR PLASTIC PACKAGING SERVICES PRIVATE LIMITED5.21%
KARAMVEER IMPEX PRIVATE LIMITED5.14%
JAYASWAL NECO METALLICS PRIVATE LIMITED4.90%
JAYASWAL NECO ENERGY PRIVATE LIMITED4.85%
JAYASWAL NECO INFRASTRUCTURES PRIVATE LIMITED4.32%
AVON SALES AND SERVICES PRIVATE LIMITED4.30%
ANURAG SALES AND SERVICES PVT LTD4.29%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,800 cr raised in Dec 2025 by unlisted, unrated, secured, redeemable, fully paid up non-convertible debentures (ncds) on private placement basis

As of Mar 2026, the company says it has spent 100% of what it set aside.

The subscription proceeds of the NCDs shall be utilised for (a) repayment of the current outstanding debts (Non-Convertible Debentures); (b) payment of costs, fees and expenses incurred in connection with the issue of the NCDs and (c) for other corporate purposes
100%
₹1,800 cr of ₹1,800 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.