Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.[1]
Product CategoriesSteel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | APL Apollo Tubes | 1940.70 | 51.37 | 53873.86 | 0.30 | 301.54 | 460.38 | 5206.30 | 9.06 | 22.36 | 21317.40 | 7.40 | 1048.79 | 301.54 | 11.70 | 10.02 | 0.16 |
| 2. | Shyam Metalics | 813.45 | 23.43 | 22739.95 | 0.55 | 260.45 | 21.47 | 4457.02 | 22.65 | 12.05 | 16767.73 | 12.46 | 970.37 | 261.76 | 2.06 | 5.92 | 0.10 |
| 3. | Welspun Corp | 736.85 | 10.96 | 19447.95 | 0.68 | 443.51 | 48.67 | 4373.61 | 32.46 | 21.24 | 15463.58 | 13.00 | 1773.93 | 439.68 | 2.37 | 8.93 | 0.19 |
| 4. | Godawari Power | 257.55 | 23.29 | 17312.05 | 0.39 | 161.65 | 1.78 | 1307.68 | 3.16 | 23.25 | 5396.61 | 20.82 | 743.44 | 161.44 | 3.30 | 13.86 | 0.04 |
| 5. | Ratnamani Metals | 2090.10 | 24.13 | 14637.46 | 0.67 | 156.04 | 35.69 | 1191.69 | 22.69 | 21.51 | 5374.76 | 16.84 | 606.49 | 136.22 | 3.78 | 12.11 | 0.06 |
| 6. | Gallantt Ispat L | 554.70 | 27.32 | 13461.19 | 0.23 | 88.93 | 81.90 | 1012.75 | 7.45 | 19.20 | 4331.00 | 17.56 | 492.70 | 88.93 | 4.31 | 11.96 | 0.21 |
| 7. | Usha Martin | 425.15 | 30.71 | 12959.08 | 0.71 | 109.80 | 16.20 | 907.56 | 1.84 | 18.75 | 3551.37 | 16.89 | 421.99 | 127.50 | 4.37 | 11.50 | 0.09 |
| 8. | Jayaswal Neco | 86.84 | 22.34 | 8417.70 | 0.00 | 105.13 | 407.31 | 1781.00 | 44.79 | 12.59 | 6762.46 | 18.44 | 376.72 | 105.13 | 3.28 | 1.90 | 0.90 |
| – | Median: 82 Co. | 153.07 | 22.4 | 895.1 | 0.0 | 10.46 | 11.74 | 201.63 | 8.96 | 13.95 | 739.1 | 8.35 | 33.83 | 10.52 | 2.26 | 6.8 | 0.26 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,661 | 1,686 | 1,469 | 1,465 | 1,501 | 1,556 | 1,411 | 1,438 | 1,230 | 1,657 | 1,675 | 1,649 | 1,781 |
Expenses | 1,550 | 1,410 | 1,281 | 1,256 | 1,206 | 1,266 | 1,179 | 1,273 | 1,061 | 1,393 | 1,334 | 1,335 | 1,454 |
Operating Profit | 110 | 276 | 188 | 208 | 296 | 290 | 233 | 165 | 170 | 264 | 342 | 315 | 327 |
Other Income | 11 | -46 | 2 | 4 | 2 | 10 | -15 | 5 | 2 | 3 | 3 | 5 | 4 |
Profit before tax | -59 | 50 | 12 | 40 | 124 | 119 | 8 | -41 | -45 | 53 | 137 | 125 | 143 |
Tax % | -337% | -16% | 55% | 32% | 26% | 25% | 75% | -23% | -24% | -46% | 26% | 26% | 26% |
Net Profit | 141 | 58 | 5 | 28 | 92 | 89 | 2 | -32 | -34 | 77 | 102 | 93 | 105 |
EPS in Rs | 1.45 | 0.59 | 0.05 | 0.28 | 0.94 | 0.91 | 0.02 | -0.33 | -0.35 | 0.79 | 1.05 | 0.96 | 1.08 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,157 | 3,020 | 2,638 | 2,509 | 3,466 | 4,199 | 3,611 | 3,676 | 5,911 | 6,297 | 5,887 | 5,954 | 6,762 |
Expenses | 2,764 | 2,659 | 2,407 | 2,228 | 3,158 | 3,675 | 3,410 | 3,066 | 4,610 | 5,515 | 4,859 | 5,013 | 5,516 |
Operating Profit | 393 | 360 | 231 | 281 | 308 | 524 | 200 | 610 | 1,301 | 782 | 1,028 | 941 | 1,247 |
Other Income | 10 | -74 | -34 | 29 | 31 | 17 | -560 | 6 | 1,730 | -29 | -0 | 13 | 15 |
Interest | 175 | 186 | 225 | 550 | 659 | 712 | 868 | 909 | 459 | 453 | 470 | 564 | 505 |
Depreciation | 116 | 83 | 82 | 255 | 273 | 273 | 276 | 267 | 261 | 266 | 266 | 287 | 299 |
Profit before tax | 112 | 17 | -109 | -495 | -592 | -444 | -1,504 | -559 | 2,311 | 34 | 291 | 103 | 457 |
Net Profit | 63 | 2 | -87 | -459 | -491 | -444 | -1,504 | -558 | 2,247 | 227 | 210 | 113 | 377 |
EPS in Rs | 1.06 | 0.03 | -1.36 | -7.19 | -7.69 | -6.95 | -23.56 | -8.74 | 23.14 | 2.34 | 2.16 | 1.16 | 3.88 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 599 | 639 | 639 | 639 | 639 | 639 | 639 | 639 | 971 | 971 | 971 | 971 | 971 |
Reserves | 1,525 | 1,579 | 1,459 | 999 | 511 | 61 | -1,445 | -2,001 | 862 | 1,087 | 1,292 | 1,405 | 1,603 |
Borrowings | 3,655 | 4,031 | 4,275 | 4,189 | 4,040 | 3,942 | 3,940 | 3,829 | 3,845 | 3,414 | 3,214 | 2,735 | 2,321 |
Other Liabilities | 779 | 957 | 704 | 1,139 | 1,575 | 2,074 | 2,628 | 3,434 | 644 | 582 | 623 | 631 | 739 |
Total Liabilities | 6,557 | 7,207 | 7,077 | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 6,054 | 6,100 | 5,741 | 5,634 |
Fixed Assets | 1,473 | 1,401 | 2,200 | 4,785 | 4,899 | 4,641 | 4,241 | 3,992 | 3,744 | 3,536 | 3,316 | 3,384 | 3,270 |
Gross Block | 2,330 | 2,353 | 2,282 | 5,123 | 5,508 | 5,522 | 5,533 | 5,551 | 5,561 | 5,618 | 5,664 | 5,925 | – |
Accumulated Depreciation | 858 | 952 | 82 | 337 | 609 | 881 | 1,292 | 1,559 | 1,817 | 2,082 | 2,348 | 2,541 | – |
CWIP | 2,032 | 3,137 | 2,847 | 457 | 494 | 493 | 82 | 82 | 95 | 94 | 219 | 127 | 155 |
Investments | 14 | 15 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
Other Assets | 3,038 | 2,653 | 2,029 | 1,722 | 1,372 | 1,582 | 1,439 | 1,827 | 2,483 | 2,423 | 2,565 | 2,230 | 2,206 |
Total Assets | 6,557 | 7,207 | 7,077 | 6,965 | 6,765 | 6,716 | 5,762 | 5,901 | 6,322 | 6,054 | 6,100 | 5,741 | 5,634 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 184 | 333 | 498 | 272 | 260 | 374 | 313 | 448 | 860 | 739 | 681 | 1,388 |
Cash from Investing Activity | -977 | -515 | -27 | 32 | 25 | -71 | -29 | -17 | -26 | -57 | -177 | -236 |
Cash from Financing Activity | 889 | -10 | -484 | -292 | -225 | -372 | -284 | -150 | -943 | -792 | -486 | -1,086 |
Net Cash Flow | 97 | -192 | -13 | 12 | 59 | -70 | 0 | 281 | -109 | -110 | 17 | 66 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 47 | 38 | 43 | 60 | 59 | 42 | 36 | 33 | 28 | 27 | 26 | 25 |
Inventory Days | 141 | 175 | 132 | 188 | 106 | 142 | 143 | 182 | 163 | 139 | 226 | 170 |
Days Payable | 67 | 82 | 38 | 79 | 55 | 57 | 47 | 36 | 37 | 35 | 44 | 33 |
Cash Conversion Cycle | 122 | 131 | 137 | 169 | 110 | 128 | 131 | 178 | 154 | 132 | 208 | 161 |
Working Capital Days | -46 | -25 | -61 | -148 | -189 | -191 | -318 | -396 | 59 | -117 | 92 | 57 |
ROCE % | 6% | 5% | 3% | 1% | 1% | 5% | -2% | 12% | 26% | 10% | 14% | 13% |
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Oct 2025
Stock Analysis
Jayaswal Neco Industries Limited is a significant player in the steel and iron casting sector, engaged in manufacturing and supplying various steel products and castings.
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