JAYNECOIND

Jayaswal Neco Industries Limited

Integrated steel producer of sponge iron, billets, TMT bars and alloy steel

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

necoindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹100.62
Market cap
9,770 Cr
Stock P/E
14.2
P/B
2.95
ROE (FY26)
16.3%
ROCE (FY26)
20.9%
Operating margin (FY26)
14.4%
Debt / equity (FY26)
0.74
OCF / EBITDA (FY26)
103.0%
OCF / EBITDA (3Y)
104.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Jayaswal Neco (Jayaswal Neco Industries) is an Indian steel maker based in Nagpur that also runs a foundry making iron and steel castings.

Company snapshot

9thBy market cap

Ranked among 64 companies in Iron & Steel Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 90.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Iron & Steel Castings
9.6%
417 Cr7 Cr—
Others
0.0%
0.82 Cr0.73 Cr—
Steel
90.9%
3,932 Cr400 Cr—

What we see

Positives
  • ✓104% of operating profit came in as cash over the last three years — profits are backed by real cash.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales1,556 Cr1,411 Cr1,438 Cr1,230 Cr1,657 Cr1,675 Cr1,649 Cr1,781 Cr1,727 Cr1,974 Cr2,107 Cr2,194 Cr
Operating expenses (approx.)1,266 Cr1,179 Cr1,273 Cr1,061 Cr1,393 Cr1,334 Cr1,335 Cr1,454 Cr1,417 Cr1,599 Cr1,711 Cr1,754 Cr
EBITDA290 Cr233 Cr165 Cr170 Cr264 Cr342 Cr315 Cr327 Cr310 Cr376 Cr396 Cr440 Cr
OPM %18.7%16.5%11.5%13.8%15.9%20.4%19.1%18.4%18.0%19.0%18.8%20.1%
Other income10 Cr3 Cr5 Cr2 Cr3 Cr3 Cr5 Cr4 Cr-0.09 Cr5 Cr12 Cr6 Cr
Interest115 Cr142 Cr144 Cr145 Cr140 Cr134 Cr119 Cr112 Cr126 Cr69 Cr66 Cr62 Cr
Depreciation67 Cr67 Cr67 Cr71 Cr74 Cr74 Cr75 Cr76 Cr76 Cr75 Cr77 Cr78 Cr
Profit before tax119 Cr8 Cr-41 Cr-45 Cr53 Cr137 Cr125 Cr143 Cr99 Cr236 Cr265 Cr307 Cr
Tax %25.2%74.7%22.6%24.1%-46.3%25.6%25.8%26.3%25.1%19.3%26.8%25.3%
Net profit89 Cr2 Cr-32 Cr-34 Cr77 Cr102 Cr93 Cr105 Cr74 Cr191 Cr194 Cr230 Cr
EPS (₹)₹0.91₹0.02₹-0.33₹-0.35₹0.79₹1.05₹0.96₹1.08₹0.76₹1.97₹2.00₹2.37

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,848 Cr3,578 Cr4,227 Cr3,632 Cr3,705 Cr5,959 Cr6,343 Cr5,934 Cr6,000 Cr7,132 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,568 Cr3,270 Cr3,704 Cr3,433 Cr3,095 Cr4,659 Cr5,561 Cr4,907 Cr5,060 Cr5,804 CrSign in free for the trailing twelve months
EBITDA280 Cr308 Cr523 Cr199 Cr610 Cr1,300 Cr782 Cr1,027 Cr940 Cr1,328 CrSign in free for the trailing twelve months
OPM %9.8%8.6%12.4%5.5%16.5%21.8%12.3%17.3%15.7%18.6%Sign in free for the trailing twelve months
Other income29 Cr25 Cr17 Cr9 Cr6 Cr6 Cr22 Cr18 Cr13 Cr13 CrSign in free for the trailing twelve months
Interest549 Cr658 Cr711 Cr867 Cr909 Cr459 Cr453 Cr469 Cr562 Cr426 CrSign in free for the trailing twelve months
Depreciation255 Cr273 Cr273 Cr276 Cr267 Cr261 Cr266 Cr266 Cr287 Cr301 CrSign in free for the trailing twelve months
Profit before tax-495 Cr-592 Cr-444 Cr-1,504 Cr-559 Cr2,311 Cr34 Cr291 Cr103 Cr603 CrSign in free for the trailing twelve months
Tax %7.2%17.0%0.0%-0.0%0.1%2.8%-565.3%27.9%-9.2%23.3%Sign in free for the trailing twelve months
Net profit-459 Cr-491 Cr-444 Cr-1,504 Cr-558 Cr2,247 Cr227 Cr210 Cr113 Cr463 CrSign in free for the trailing twelve months
EPS (₹)₹-7.19₹-7.69₹-6.95₹-23.56₹-8.74₹28.40₹2.34₹2.16₹1.16₹4.77Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital639 Cr639 Cr639 Cr639 Cr639 Cr971 Cr971 Cr971 Cr971 Cr971 Cr
Reserves999 Cr511 Cr61 Cr-1,445 Cr-2,001 Cr862 Cr1,087 Cr1,292 Cr1,405 Cr1,870 Cr
Borrowings3,853 Cr3,522 Cr3,234 Cr3,000 Cr2,642 Cr3,845 Cr3,414 Cr3,214 Cr2,723 Cr2,097 Cr
Other liabilities1,474 Cr2,093 Cr2,782 Cr3,568 Cr4,621 Cr644 Cr582 Cr623 Cr643 Cr1,032 Cr
Total liabilities6,965 Cr6,765 Cr6,716 Cr5,762 Cr5,901 Cr6,322 Cr6,054 Cr6,100 Cr5,741 Cr5,970 Cr
Fixed assets (net)4,766 Cr4,881 Cr4,625 Cr4,231 Cr3,985 Cr3,732 Cr3,503 Cr3,287 Cr3,338 Cr3,162 Cr
CWIP440 Cr477 Cr477 Cr51 Cr46 Cr54 Cr74 Cr199 Cr110 Cr94 Cr
Investments1 Cr0.60 Cr0 Cr0 Cr0 Cr0 Cr0.01 Cr0.01 Cr0.40 Cr3 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0 Cr0.19 Cr0.27 Cr0.39 Cr
Inventories681 Cr543 Cr834 Cr854 Cr899 Cr1,208 Cr1,284 Cr1,495 Cr1,214 Cr1,395 Cr
Trade receivables411 Cr561 Cr486 Cr351 Cr328 Cr457 Cr469 Cr419 Cr401 Cr469 Cr
Cash & bank21 Cr80 Cr11 Cr12 Cr291 Cr182 Cr72 Cr89 Cr156 Cr126 Cr
Other assets645 Cr223 Cr282 Cr263 Cr353 Cr689 Cr652 Cr612 Cr523 Cr721 Cr
Total assets6,965 Cr6,765 Cr6,716 Cr5,762 Cr5,901 Cr6,322 Cr6,054 Cr6,100 Cr5,741 Cr5,970 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity272 Cr260 Cr374 Cr313 Cr448 Cr860 Cr739 Cr681 Cr1,388 Cr1,367 Cr
Cash from investing32 Cr25 Cr-13 Cr-29 Cr-17 Cr-26 Cr-57 Cr-177 Cr-236 Cr-113 Cr
Cash from financing-292 Cr-225 Cr-372 Cr-284 Cr-150 Cr-943 Cr-792 Cr-486 Cr-1,086 Cr-1,284 Cr
Net cash flow12 Cr59 Cr-12 Cr0.23 Cr281 Cr-109 Cr-110 Cr17 Cr66 Cr-30 Cr
Free cash flow (OCF − Capex)229 Cr254 Cr358 Cr278 Cr430 Cr830 Cr673 Cr491 Cr1,144 Cr1,251 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %1.0%1.4%6.8%-3.5%26.8%48.8%8.9%13.9%13.1%20.9%
ROE %-28.0%-42.7%-63.4%——122.6%11.0%9.3%4.7%16.3%
Debtor days53574235322827262424
Inventory days181111128151197166144203201192
Days payable76575150393736393958
Cash conversion cycle157111119137190157135189186157
OCF / EBITDA %97.0%84.4%71.5%156.8%73.4%66.2%94.5%66.3%147.8%103.0%
OCF / EBITDA % (3 years)——81.5%91.9%85.1%76.8%76.0%73.4%102.2%104.3%
Debt / equity2.353.064.62——2.101.661.421.150.74
Current ratio0.600.440.420.320.332.460.563.172.201.39
Net debt / EBITDA13.6911.196.1714.983.852.824.273.042.731.48