Jayaswal Neco Industries Limited

NSE: JAYNECOIND · Iron & Steel Products

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52W Range₹64 – ₹117

Snapshot

Unlock Jayaswal Neco Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Jayaswal Neco Industries Limited is a diversified manufacturer of steel products, iron and steel castings, and related industrial components. The company serves a wide range of sectors including automotive, railways, power, and infrastructure through its integrated steel and casting operations.

Business Model

The company generates revenue through the production and sale of steel intermediates, finished steel products, and specialised castings. It also engages in mining activities and the trading of coal, coke, and PVC pipes to support its industrial operations.

  • Founded:1902

Growth Outlook

Growth is driven by sustained demand from the automotive, infrastructure, and heavy engineering sectors. The company continues to leverage its diverse product portfolio to cater to both domestic and international industrial requirements.

Key Risks

  • Cyclicality of Steel Industry. The company's profitability is highly sensitive to global steel price fluctuations and cyclical demand patterns in the industrial sector.
  • Raw Material Price Volatility. Fluctuations in the costs of iron ore, coal, and coke significantly impact operating margins.
  • Regulatory and Environmental Risks. As a mining and steel manufacturing entity, the company faces stringent environmental regulations and potential changes in mining policy.
  • High Leverage. The capital-intensive nature of steel manufacturing often necessitates significant debt, exposing the company to interest rate risks.

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Key Metrics

REVENUE

₹8,002 Cr

TTM · standalone

+18.3%YoY

NET PROFIT

₹689 Cr

TTM · standalone

+82.8%YoY

EPS

₹7.10

TTM · standalone

+83.0%YoY

RETURN ON EQUITY

23.4%

TTM · standalone

+8.8 ppYoY

RETURN ON CAPITAL EMPLOYED

35.5%

TTM · standalone

-1.2 ppYoY

P/E

12.7×

Q2 FY27 · standalone

12.7 vs 78.4x5Y avg

EV/EBITDA

6.3x

Q2 FY27 · standalone

6.3 vs 11.0x5Y avg

EBITDA MARGIN

19.3%

TTM · standalone

+0.6 ppYoY

NET PROFIT MARGIN

10.5%

Q2 FY27 · standalone

+4.6 ppYoY

DEBT TO EQUITY

0.5x

Q2 FY27 · standalone

-0.45xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jayaswal Neco Industries LimitedJAYNECOIND
₹8,454 Cr12.7×6.2918.3%19.3%23.4%35.5%+15.7%
Maharashtra Seamless Ltd.MAHSEAMLES
₹7,214 Cr9.8×6.51-12.2%23.8%11.2%13.9%-5.4%
Aeroflex Industries LimitedAEROFLEX
₹7,098 Cr75.3×49.1455.0%24.0%20.9%27.3%+174.6%
Sunflag Iron and Steel Company LimitedSUNFLAG
₹7,064 Cr34.4×14.889.3%12.4%2.3%3.6%+46.5%
Technocraft Industries (India) LimitedTIIL
₹5,858 Cr17.6×10.2312.4%21.7%18.4%23.3%+8.6%
Shivalik Bimetal Controls LimitedSBCL
₹5,838 Cr55.9×37.9018.8%25.2%23.9%29.9%+114.5%

As of Q2 FY27

Financials