Jayaswal Neco Industries Limited

NSE: JAYNECOIND · Iron & Steel Products

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

₹7,589 Cr

TTM · standalone

+22.2%YoY

NET PROFIT

₹564 Cr

TTM · standalone

+137.6%YoY

EPS

₹5.81

TTM · standalone

+137.1%YoY

RETURN ON EQUITY

21.6%

TTM · standalone

+11.6 ppYoY

RETURN ON CAPITAL EMPLOYED

24.6%

TTM · standalone

+7.8 ppYoY

P/E

15.3x

Q1 FY27 · standalone

15.3 vs 78.1x5Y avg

EV/EBITDA

7.4x

Q1 FY27 · standalone

7.4 vs 11.2x5Y avg

EBITDA MARGIN

18.8%

TTM · standalone

+1.1 ppYoY

NET PROFIT MARGIN

9.2%

Q1 FY27 · standalone

+3.6 ppYoY

DEBT TO EQUITY

0.7x

Q1 FY27 · standalone

-0.41xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jayaswal Neco Industries LimitedJAYNECOIND
₹8,646 Cr15.337.4322.2%18.8%21.6%24.6%+50.2%
Maharashtra Seamless Ltd.MAHSEAMLES
₹9,220 Cr12.518.34-12.2%23.8%11.2%13.9%+6.4%
Technocraft Industries (India) LimitedTIIL
₹7,243 Cr21.3312.4012.4%21.7%18.4%23.3%+29.0%
Aeroflex Industries LimitedAEROFLEX
₹7,112 Cr104.1659.4435.6%23.7%17.0%22.9%+205.2%
Shivalik Bimetal Controls LimitedSBCL
₹6,458 Cr60.8641.8918.8%25.2%23.9%29.9%+120.6%
Sunflag Iron and Steel Company LimitedSUNFLAG
₹6,194 Cr30.6113.1511.1%12.6%2.3%3.7%+28.2%

As of Q1 FY27

Financials