Jayaswal Neco Industries Limited (JAYNECOIND)

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Jayaswal Neco Industries Limited (JAYNECOIND) · mywealthgrid

About

Jayaswal Neco Industries manufactures iron and steel products within India's industrials sector. With a market cap of ₹8,635 Cr and recent quarterly revenue of ₹2,106 Cr (Jun 2026), it operates at mid-cap scale. Operating margins average 18.6% with ROE of 17.75%, indicating profitability and capital efficiency.

Face value: ₹10

Market cap

₹8,863 Cr

P/E

15.7×

P/B

3.1×

Dividend yield

ROE

17.8%

ROCE

22.9%

Debt / equity

0.74

OPM

18.6%

EPS (TTM)

₹5.8

Book value

₹29.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability highly volatile: net loss of ₹34.21 Cr (Sep 2024) reversed to ₹193.92 Cr (Jun 2026), indicating exposure to cyclical or supply-side disruptions.

Dec 2025 net profit collapsed to ₹74.09 Cr vs ₹190+ Cr in adjacent quarters despite stable 17.97% OPM, signalling demand or volume weakness unrelated to cost structure.

Minimal institutional participation (FII 1.32%, DII 0.77%) limits analyst coverage, liquidity, and potential upside if ownership composition shifts.

Stock gained 68.72% in 1y and trades near 52-week high (₹88.93 vs ₹115.24); verify whether PE of 15.31 correctly prices cyclical earnings volatility.

Generated analysis · source review pending

Growth drivers

Revenue recovered from ₹1,230 Cr (Sep 2024) to ₹2,107 Cr (Jun 2026); verify whether this reflects volume expansion, pricing gains, or capacity additions.

Operating margins at 18.78% (Jun 2026) remain below 20.39% historical peak (Mar 2025), creating upside if commodity costs or operational inefficiencies improve.

ROE of 17.75% on existing capital base is acceptable; verify capex roadmap and whether asset-light or organic volume growth is the strategy.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹91.3-1.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 26.9% over the last 3 years

Cons

−Low return on equity of 10.8% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

67/100

Business quality: 46
Growth: 76
Valuation: 79

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,633	2,776	3,578	4,227	3,632	3,705	5,959	6,343	5,934	6,000	7,132
COGS	-1,745	-1,328	-1,848	2,145	2,186	1,804	2,710	3,372	2,418	2,609	2,789
Gross profit	—	—	—	2,081	1,446	1,901	3,249	2,971	3,516	3,391	4,342
	4,149	3,824	5,118	1,559	1,246	1,291	1,949	2,189	2,489	2,451	3,015
	228	280	308	523	199	610	1,300	782	1,027	940	1,328
OPM %	8.7%	10.1%	8.6%	12.4%	5.5%	16.5%	21.8%	12.3%	17.3%	15.7%	18.6%
Depreciation	81	255	273	273	276	267	261	266	266	287	301
Interest	217	549	658	711	867	909	459	453	469	562	426
	35	29	25	17	-560	6	1,731	-29	-0	13	3
Profit before tax	-107	-495	-592	-444	-1,504	-559	2,311	34	291	103	603
Tax	-20	-36	-101	-0	1	-1	64	-193	81	-9	140
Tax %	-18.7%	-7.2%	-17%	-0%	0%	-0.1%	2.8%	-565.3%	27.9%	-9.2%	23.3%
	-87	-459	-491	-444	-1,504	-558	2,247	227	210	113	463
PAT margin %	-3.3%	-16.6%	-13.7%	-10.5%	-41.4%	-15.1%	37.7%	3.6%	3.5%	1.9%	6.5%
EPS (₹)	-1.4	—	-7.7	-7	-23.6	-8.7	28.4	2.3	2.2	1.2	4.8
EPS adjusted (₹)	-1.4	-7.2	-7.7	-7	-23.6	-8.7	23.1	2.3	2.2	1.2	4.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	639	639	639	639	639	639	971	971	971	971	971
Reserves	2,167	1,637	—	61	-1,445	-2,001	862	1,087	1,292	1,405	1,870
	3,986	3,853	—	3,234	3,000	2,642	3,839	3,414	3,214	2,723	2,097
	397	836	4,340	2,782	3,568	4,621	650	582	623	643	1,032
Total equity & liabilities	7,188	6,965	4,979	6,716	5,762	5,901	6,322	6,054	6,100	5,741	5,970
	1,404	4,785	4,899	4,641	4,241	3,993	3,744	3,536	3,316	3,384	3,204
CWIP	2,984	440	—	477	51	46	54	74	199	110	94
Investments	2	1	—	0	0	0	0	0	0	0	3
	2,798	1,738	80	1,598	1,470	1,863	2,524	2,443	2,585	2,247	2,669
Total assets	7,188	6,965	4,979	6,716	5,762	5,901	6,322	6,054	6,100	5,741	5,970

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Steel	6,643.01	1,042.62	5,185.08	812.33	4,372.75	23.84
Iron and Steel Castings	520.43	10.56

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.2%	39.8%	51.3%	54.5%	46.8%	59.2%	56.5%	60.9%
EBITDA margin %	12.4%	5.5%	16.5%	21.8%	12.3%	17.3%	15.7%	18.6%
EBIT margin %	5.9%	-2.1%	9.3%	17.4%	8.1%	12.8%	10.9%	14.4%
PAT margin %	-10.5%	-41.4%	-15.1%	37.7%	3.6%	3.5%	1.9%	6.5%
Working capital
Receivable days	42	35	32	28	27	26	24	24
Inventory days	142	143	182	163	139	226	170	183
Payable days	57	47	36	37	35	44	33	56
NWC days	127	131	178	154	131	208	161	151
Leverage
Current ratio	0.42	0.32	0.33	2.46	0.56	3.17	2.2	1.39
Debt to EBITDA	6.19	15.04	4.33	2.95	4.37	3.13	2.9	1.58
Debt to equity	4.62	-3.72	-1.94	2.09	1.66	1.42	1.15	0.74
Interest coverage	0.4	-0.1	0.4	2.3	1.2	1.7	1.2	2.4
Asset turnover	0.63	0.63	0.63	0.94	1.05	0.97	1.04	1.19
Return ratios
Return on assets %	-6.6%	-26.1%	-9.5%	35.5%	3.7%	3.4%	2%	7.8%
Return on capital employed %	8.7%	-3.1%	37.8%	35.7%	14.5%	20.9%	13.1%	22.9%
Return on equity %	-63.4%	186.6%	41%	122.6%	11%	9.3%	4.7%	16.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.03%	53.02%	53.02%	53.02%	53.02%	53.02%	55.13%	55.15%	55.15%	55.15%	55.15%	55.15%
	0%	0.05%	0.1%	0.01%	0.02%	0.02%	0.02%	0.04%	1.07%	1.29%	0.9%	1.32%
	0%	0%	0%	0%	0%	0%	0%	0%	0.51%	0.21%	0.3%	0.77%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.97%	46.93%	46.88%	46.97%	46.96%	46.96%	44.85%	44.81%	43.27%	43.35%	43.65%	42.76%
No. of shareholders	—	—	—	—	—	—	—	—	1,02,768	1,02,763	96,844	98,451

Promoter holding up 7.12 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
JAYASWAL NECO METALLICS PRIVATE LIMITEDPromoter Group	PledgePledge Creation	1,47,510	₹99.27 L	4.90% → 4.90%	3 Oct 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

114 deals · 17 Jul 2025 – 8 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Sept 2025	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Buy	48,91,883	₹62.70	₹30.67 Cr
8 Sept 2025	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Sell	47,06,338	₹62.62	₹29.47 Cr
20 Aug 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	60,46,355	₹63.60	₹38.45 Cr
20 Aug 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	59,37,634	₹63.47	₹37.69 Cr
13 Aug 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	1,01,35,735	₹59.88	₹60.69 Cr
13 Aug 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	96,90,458	₹60.24	₹58.38 Cr
13 Aug 2025	QE SECURITIES LLP	Bulk	NSE	Sell	54,10,569	₹60.18	₹32.56 Cr
13 Aug 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Sell	53,82,972	₹59.99	₹32.29 Cr
13 Aug 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Buy	53,82,972	₹59.94	₹32.27 Cr
13 Aug 2025	QE SECURITIES LLP	Bulk	NSE	Buy	53,72,674	₹60.16	₹32.32 Cr

1–10 of 114

1 / 12

Mr. Arvind JayaswalExecutive Director-Chairperson related to Promoter
Kapil ShroffChief Financial Officer
Mr. Ramesh JayaswalExecutive Director-MD
Mr. Anand JayaswalNon-Executive - Non Independent Director
Mr. Avneesh JayaswalExecutive Director
Mr. Sangram Keshari SwainExecutive Director
Mr. Ashwini KumarNon-Executive - Independent Director
Mr. Rajendraprasad MohankaNon-Executive - Independent Director
Mrs. Kumkum RathiNon-Executive - Independent Director
Mr. Manoj Balkrishna ShahNon-Executive - Independent Director
Mr. Vinod Kumar KathuriaNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.12%

of the company's equity

All mutual funds

0.15%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	11.36 L	11.18	0.45%	0.117%	-24,870
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	7,776	0.08	0.02%	0.001%	+36
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1,296	0.01	0.02%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results17 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

1 Oct 2026, 4:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.2%	39.8%	51.3%	54.5%	46.8%	59.2%	56.5%	60.9%
EBITDA margin %	12.4%	5.5%	16.5%	21.8%	12.3%	17.3%	15.7%	18.6%
EBIT margin %	5.9%	-2.1%	9.3%	17.4%	8.1%	12.8%	10.9%	14.4%
PAT margin %	-10.5%	-41.4%	-15.1%	37.7%	3.6%	3.5%	1.9%	6.5%
Working capital
Receivable days	42	35	32	28	27	26	24	24
Inventory days	142	143	182	163	139	226	170	183
Payable days	57	47	36	37	35	44	33	56
NWC days	127	131	178	154	131	208	161	151
Leverage
Current ratio	0.42	0.32	0.33	2.46	0.56	3.17	2.2	1.39
Debt to EBITDA	6.19	15.04	4.33	2.95	4.37	3.13	2.9	1.58
Debt to equity	4.62	-3.72	-1.94	2.09	1.66	1.42	1.15	0.74
Interest coverage	0.4	-0.1	0.4	2.3	1.2	1.7	1.2	2.4
Asset turnover	0.63	0.63	0.63	0.94	1.05	0.97	1.04	1.19
Return ratios
Return on assets %	-6.6%	-26.1%	-9.5%	35.5%	3.7%	3.4%	2%	7.8%
Return on capital employed %	8.7%	-3.1%	37.8%	35.7%	14.5%	20.9%	13.1%	22.9%
Return on equity %	-63.4%	186.6%	41%	122.6%	11%	9.3%	4.7%	16.3%

Date	Category	Subject	Filing
1 Oct 2026, 4:39 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
1 Oct 2026, 4:14 pm	Company Update General	Announcement Under Regulation 30	PDF
1 Oct 2026, 11:41 am	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
28 Sept 2026, 5:26 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
12 Sept 2026, 7:24 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
12 Sept 2026, 5:07 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
5 Sept 2026, 7:02 pm	Company Update General	Announcement Under Regulation 30	PDF
4 Sept 2026, 5:47 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	498	272	260	374	313	448	860	739	681	1,388	1,367
	-27	32	25	-13	-29	-17	-26	-57	-177	-236	-113
	-484	-292	-225	-372	-284	-150	-943	-792	-486	-1,086	-1,284
Net cash flow	-13	12	—	-12	0	281	-109	-110	17	66	-30
Free cash flow	347	—	254	358	278	430	830	673	491	1,144	1,251
CFO / Operating profit %	218.2%	97%	84.4%	71.5%	156.8%	73.4%	66.2%	94.5%	66.3%	147.8%	103%

Jayaswal Neco Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

Announcements

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Iron & Steel Castings · revenue

Jayaswal Neco Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Iron & Steel Castings · revenue

1

1