Jayaswal Neco Industries Limited

NSE: JAYNECOIND · Iron & Steel Products

52W Range₹41 ₹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.

Price

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Key Metrics

REVENUE

₹7,132 Cr

TTM · standalone

+18.9%YoY

NET PROFIT

₹463 Cr

TTM · standalone

+311.0%YoY

EPS

₹4.77

TTM · standalone

+311.2%YoY

RETURN ON EQUITY

18.6%

TTM · standalone

+13.7 ppYoY

RETURN ON CAPITAL EMPLOYED

22.0%

TTM · standalone

+9.2 ppYoY

P/E

19.3x

Q4 FY26 · standalone

19.3 vs 71.7x5Y avg

EV/EBITDA

8.1x

Q4 FY26 · standalone

8.1 vs 11.6x5Y avg

EBITDA MARGIN

18.8%

TTM · standalone

+2.9 ppYoY

NET PROFIT MARGIN

9.7%

Q4 FY26 · standalone

+3.6 ppYoY

DEBT TO EQUITY

0.7x

Q4 FY26 · standalone

-0.41xYoY

Peers · Iron & Steel Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jayaswal Neco Industries LimitedJAYNECOIND
7,02219.298.1318.9%18.8%18.6%22.0%+79.8%
Maharashtra Seamless Ltd.MAHSEAMLES
7,47611.177.27-11.3%22.9%10.8%13.8%-20.0%
Technocraft Industries (India) LimitedTIIL
4,86619.5010.926.3%20.6%16.0%20.8%-18.9%
Electrosteel Castings LimitedELECTCAST
4,65622.7010.25-19.1%9.7%3.5%6.1%-37.4%
Surya Roshni LimitedSURYAROSNI
4,41618.9210.021.4%7.2%11.4%15.8%-25.2%
Sunflag Iron and Steel Company LimitedSUNFLAG
3,87131.4313.4911.1%12.6%2.3%3.7%+16.8%

As of Q4 FY26

Financials