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Jayaswal Neco Industries Limited (JAYNECOIND) AI Stock Analysis

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IN:JAYNECOIND

Jayaswal Neco Industries Limited

(NSE:JAYNECOIND)

Select Model
Rating:59Neutral
Price Target:INR 109.00â–²(25.10% Upside)
Action:reiterated
Date:08/06/26

The score is driven primarily by improving financial performance—better FY2026 revenue/operating profit and consistently positive free cash flow alongside meaningful debt reduction—tempered by historically volatile profitability and still-elevated leverage for a cyclical steel company. Technical indicators are mixed with negative MACD limiting momentum, while valuation appears reasonable at ~14.8x earnings but lacks dividend-yield support due to missing data.

Positive Factors
Revenue RecoveryThe return to stronger revenue growth indicates improving demand or realizations across steel and foundry products. Sustained recovery can support plant utilization, operating leverage and earnings quality over the next several quarters.
Negative Factors
Volatile ProfitabilityLarge swings in earnings and margins show strong sensitivity to steel prices, input costs and utilization. This limits earnings predictability and makes it harder to sustain improved profitability across a full industry cycle.

Jayaswal Neco Industries Limited (JAYNECOIND) vs. iShares MSCI India ETF (INDA)

-20%-10%0%10%20%30%40%50%60%IN:JAYNECOIND+15.13%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 86.19B
Dividend Yield
―
Average Volume (3M)
253.51K
Price to Earnings (P/E)
12.3
Beta (1Y)
1.66
Revenue Growth
18.34%
EPS Growth
82.81%
Country
India
Employees
4,261
Sector
General
Sector Strength
55
Industry
Steel

Jayaswal Neco Industries Limited Business Overview & Revenue Model

Company Description

Jayaswal Neco Industries Limited, founded in 1902 and headquartered in Nagpur, India, is a long-standing producer and distributor of steel goods, alongside iron and steel castings. The company conducts its operations through dedicated Steel, Iron and...

How the Company Makes Money

Jayaswal Neco Industries Limited primarily makes money by manufacturing and selling metal products. Its core revenue stream is the sale of steel and related products produced from its steelmaking operations, where revenue is typically driven by sales...

Jayaswal Neco Industries Limited Financial Statement Overview

Summary

Fundamentals are improving but remain mid-quality for a cyclical steel business. Revenue re-accelerated in FY2026 (~5.5% growth) and operating profit improved, while free cash flow is consistently positive and rebounded strongly in FY2026 (~35.2%). Offsetting these positives are volatile profitability across years (including FY2021 loss and FY2022 spike) and still-meaningful leverage despite clear debt reduction (~38.4B to ~21.1B by FY2026).

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

66Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue75.89B71.32B60.00B59.26B63.43B59.55B
Gross Profit38.03B36.54B33.91B10.57B29.71B18.56B
EBITDA14.19B13.31B9.40B10.22B7.50B30.31B
Net Income5.64B4.63B1.13B2.10B2.27B22.47B
Balance Sheet
Total Assets059.70B57.41B61.00B60.54B63.22B
Cash, Cash Equivalents and Short-Term Investments2.68B2.73B1.91B894.67M720.15M1.83B
Total Debt021.09B27.51B32.35B34.14B38.45B
Total Liabilities-28.41B31.29B33.66B38.37B39.96B44.89B
Stockholders Equity28.41B28.41B23.76B22.63B20.58B18.33B
Cash Flow
Free Cash Flow6.09B12.51B11.44B4.91B6.73B8.30B
Operating Cash Flow6.70B13.67B13.88B6.81B7.39B8.60B
Investing Cash Flow-576.20M-1.13B-2.36B-1.77B-566.30M-259.27M
Financing Cash Flow-6.30B-12.84B-10.86B-4.86B-7.92B-9.43B

Jayaswal Neco Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:JAYNECOIND against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:MAHSEAMLESIN:MAHSEAMLES74OutperformINR 72.17B9.78―1.86%-12.21%-16.07%
IN:RATNAMANIIN:RATNAMANI71OutperformINR 162.60B37.55―0.43%-16.30%-24.14%
IN:APLAPOLLOIN:APLAPOLLO70OutperformINR 600.02B46.05―0.39%15.83%24.85%
IN:SURYAROSNIIN:SURYAROSNI69NeutralINR 44.23B14.23―2.47%11.69%8.23%
IN:JINDALSAWIN:JINDALSAW61NeutralINR 146.03B26.52―0.88%-0.73%-60.06%
IN:JAYNECOINDIN:JAYNECOIND59NeutralINR 84.60B12.26――18.34%82.81%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-25%0%25%50%75%IN:JAYNECOINDIN:APLAPOLLOIN:JINDALSAWIN:MAHSEAMLESIN:RATNAMANIIN:SURYAROSNIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:JAYNECOIND and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:JAYNECOINDJayaswal Neco Industries Limited87.139.0411.58%
IN:APLAPOLLOAPL Apollo Tubes Limited2161.00370.3420.68%
IN:JINDALSAWJindal Saw Limited228.3555.5932.18%
IN:MAHSEAMLESMaharashtra Seamless Limited538.60-33.19-5.81%
IN:RATNAMANIRatnamani Metals & Tubes Ltd.2319.85-150.56-6.09%
IN:SURYAROSNISurya Roshni Limited203.25-95.47-31.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026