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Jayaswal Neco Industries Limited
(JAYNECOIND)
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Rating:59Neutral
Price Target:
₹109.00
▲(25.39% 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 Recovery
The 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 Profitability
Large 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The 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.
Read all positive factors
Jayaswal Neco Industries Limited (JAYNECOIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹86.56B
Dividend YieldN/A
Average Volume (3M)310.48K
Price to Earnings (P/E)15.3
Beta (1Y)1.61
Revenue Growth22.18%
EPS Growth137.60%
CountryIN
Employees4,261
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)5.81
Shares Outstanding970,998,200
10 Day Avg. Volume475,372
30 Day Avg. Volume310,484
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.56
Price to Sales (P/S)1.02
P/FCF Ratio5.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 ...
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 sa...
Jayaswal Neco Industries Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.89B | 71.32B | 60.00B | 59.26B | 63.43B | 59.55B |
| Gross Profit | 38.03B | 36.54B | 33.91B | 10.57B | 29.71B | 18.56B |
| EBITDA | 14.19B | 13.31B | 9.40B | 10.22B | 7.53B | 30.31B |
| Net Income | 5.64B | 4.63B | 1.13B | 2.10B | 2.27B | 22.47B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.70B | 57.41B | 61.00B | 60.54B | 63.22B |
| Cash, Cash Equivalents and Short-Term Investments | 2.68B | 2.73B | 1.91B | 894.67M | 720.15M | 1.83B |
| Total Debt | 0.00 | 21.09B | 27.51B | 32.35B | 34.14B | 38.45B |
| Total Liabilities | -28.41B | 31.29B | 33.66B | 38.37B | 39.96B | 44.89B |
| Stockholders Equity | 28.41B | 28.41B | 23.76B | 22.63B | 20.58B | 18.33B |
Cash Flow | ||||||
| Free Cash Flow | 6.09B | 12.51B | 11.44B | 4.91B | 6.73B | 8.30B |
| Operating Cash Flow | 6.70B | 13.67B | 13.88B | 6.81B | 7.39B | 8.60B |
| 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹92.21B | 12.50 | ― | 1.45% | -12.21% | -16.07% | |
76 Outperform | ₹624.73B | 50.84 | ― | 0.38% | 9.64% | 53.35% | |
68 Neutral | ₹195.24B | 29.79 | ― | 0.65% | -8.57% | -62.05% | |
66 Neutral | ₹47.15B | 15.09 | ― | 2.32% | 11.69% | 8.23% | |
65 Neutral | ₹191.51B | 44.20 | ― | 0.38% | -16.30% | -24.14% | |
59 Neutral | ₹86.56B | 15.27 | ― | ― | 22.18% | 137.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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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.