Jayaswal Neco Industries
- Market cap
- ₹ 8,608 Cr.
- P/E
- 7.3x
- P/B
- 3.11x
- 52-week range
- 64.4 – 117
- ROE
- 18%
- ROCE
- 21%
- Dividend yield
- 0%
- Debt / equity
- 0.74
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Jayaswal Neco Industries Limited is a fully integrated manufacturer of alloy steel, sponge iron, pellet, and pig iron, supported by captive mining, power generation and manufacturer of iron and steel castings for automotive and construction sectors. Its segments include Steel, Iron and Steel Castings, and Other. Steel segment is engaged in manufacture and sale of pig iron, billets, rolled products including alloy steel, sponge iron and includes its captive power plants at its unit located at Siltara, Raipur and mining activities in the state of Chhattisgarh and Maharashtra. Iron and Steel Castings segment comprises of manufacture and sale of construction, engineering and automotive castings with production facilities at Nagpur in Maharashtra and Anjora in Chhattisgarh. The Other segment comprises of trading of coal and PVC pipes. It serves a range of industries including automotive, engineering, railways, infrastructure, oil and gas, power, defense, agriculture, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Jayaswal Neco Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.3 against a typical 18.6: cheaper than most peers (1st = cheapest).20th of 146
- Sales growth+23.2% against a typical +13.1% from a year earlier.43rd of 117
- Profit growth+119% against a typical +26.2% from a year earlier.16th of 105
- Share price, 3 months+2.2% against a typical −3.1%.46th of 135
- Size₹ 8,607.9 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).7th of 135
Latest announcements
Exchange filings and their impact on the company.
- Q2 profit more than doubled on 23% sales growth and sharply lower interest costs.
Jayaswal Neco reported Q2 revenue of Rs 2194 cr, up 23% from last year, and net profit of Rs 230 cr, more than double last year, helped by strong steel volumes and finance costs falling to Rs 62 cr from Rs 112 cr. For the half year, revenue was Rs 4301 cr and profit Rs 424 cr, while total borrowings fell by over Rs 600 cr to Rs 1484 cr. The company also received Rs 50 cr against warrants worth Rs 200 cr that were allotted after the quarter, supporting further deleveraging and growth.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB+ | Stable | 5 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Feb 2026 | Reaffirmed | IND BBB+ | — | India Ratings | ₹ 700 Cr. | |
| 21 Aug 2025 | ▲ Upgrade | IND BBB+ | — | India Ratings | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 16 Oct 2026 | Financial Results/Other business matters | To consider and approve the Unaudited financial results for the quarter and half year ended September 30, 2026 and other business matters |
| 17 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 24 Apr 2026 | Fund Raising | To consider Fund Raising |
| 17 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 5 Dec 2025 | Fund Raising | To consider and approve raising of funds upto an amount of INR 18,00,00,00,000/- (Indian Rupees Eighteen Hundred Crores only) for, inter alia, refinancing of existing debt of the Company, by way of issuance of unlisted, secured, redeemable, non-convertible debentures in one or more series/ tranches, on private placement basis. |
| 17 Oct 2025 | Financial Results | To consider and approve the Unaudited financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,556 | 1,411 | 1,438 | 1,230 | 1,657 | 1,675 | 1,649 | 1,781 | 1,727 | 1,974 | 2,107 | 2,194 |
| Expenses | 1,266 | 1,179 | 1,273 | 1,061 | 1,393 | 1,334 | 1,335 | 1,454 | 1,417 | 1,599 | 1,711 | 1,754 |
| Operating Profit | 290 | 233 | 165 | 170 | 264 | 342 | 315 | 327 | 310 | 376 | 396 | 440 |
| OPM % | 19% | 16% | 11% | 14% | 16% | 20% | 19% | 18% | 18% | 19% | 19% | 20% |
| Other Income | 10 | −15 | 5 | 2 | 3 | 3 | 5 | 4 | −10 | 5 | 12 | 6 |
| Interest | 115 | 142 | 144 | 145 | 140 | 134 | 119 | 112 | 126 | 69 | 66 | 62 |
| Depreciation | 67 | 67 | 67 | 71 | 74 | 74 | 75 | 76 | 76 | 75 | 77 | 78 |
| Profit before tax | 119 | 8 | −41 | −45 | 53 | 137 | 125 | 143 | 99 | 236 | 265 | 307 |
| Tax % | 25% | 75% | −23% | −24% | −46% | 26% | 26% | 26% | 25% | 19% | 27% | 25% |
| Net Profit | 89 | 2 | −32 | −34 | 77 | 102 | 93 | 105 | 74 | 191 | 194 | 230 |
| EPS in Rs | 0.91 | 0.02 | −0.33 | −0.35 | 0.79 | 1.05 | 0.96 | 1.08 | 0.76 | 1.97 | 2 | 2.37 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 14%
- 3 Years
- 4%
- TTM
- 18%
- 10 Years
- 37%
- 5 Years
- 23%
- 3 Years
- 20%
- TTM
- 85%
- 10 Years
- 27%
- 5 Years
- 31%
- 3 Years
- 38%
- TTM
- —
- 10 Years
- —
- 5 Years
- 18%
- 3 Years
- 11%
- TTM
- —
Peers
Listed companies in the same business.
| Jayaswal Neco Industries | ₹ 89.30 | ₹ 8,608 Cr. | 7.3x | 3.1x | 18% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Arvind Jayaswal
- Executive Chairman of the Board
- Kapil Shroff
- Associate Director, Chief Financial Officer
- Himanshu Shekhar Jha
- President - Iron
- Ashish Srivastava
- Compliance Officer, Company Secretary
- Ramesh Jayaswal
- Managing Director, Executive Director
- Sangram Keshari Swain
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.