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As of 6 Nov 2026, Jayaswal Neco Industries trades at 12.6× trailing earnings, below the industry P/E of 19.9×, and the shares are 24% below their 52-week high. It earns ROCE of 23% and ROE of 23%, and sales and net profit grew 4.0% and 27% a year over 3 years. Debt is 0.45× equity. It is a small-cap company with a market cap of ₹8,685 Cr, ranked 21st of 150 Steel companies by market cap; the shares rose 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹91.49
Day high
₹91.50
Day low
₹88.75
Prev. close
₹91.34
Volume
43.2 L

Health check

4 good · 2 fair
  • ReturnsIn line

    +20.6% over a year, better than 4 of 7 peers.

  • Price tagCheaper

    P/E 12.6 vs industry 19.9.

  • GrowthStrong

    Sales +4.0%, profit +26.8% a year over 3 years.

  • ProfitabilityStrong

    ROCE 23.4% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.45× equity, interest covered 2.5×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹8,685 Cr, #21 of 150 in its industry by size.

Moves with the market

Beta 0.90 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹8,004 Cr · profit ₹689 Cr
Market cap
₹8,685 Cr
Small cap
P/E
12.6
Industry 19.9
Price to book
2.62
Peers 2.28
Dividend yield
0.00%
ROE
23.4%
Peers 23.4%
ROCE
23.4%
Peers 18.7%
Debt to equity
0.45
Debt ₹1,496 Cr
EPS (TTM)
₹7.09
Face value ₹10
OPM (TTM)
19.0%
Net margin 8.6%
Sales growth
+23.2%
Latest quarter vs a year ago
Profit growth
+119.4%
Latest quarter vs a year ago
Price to sales
1.09
EV/EBITDA 6.3

Strengths and risks

Strengths

  • Return on equity of 23.4%.
  • Return on capital employed of 23.4%.
  • Quarterly profit up 119.4% on a year ago.
  • Quarterly sales up 23.2% on a year ago.
  • P/E of 12.6 against an industry P/E of 19.9.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Jayaswal Neco Industries

Jayaswal Neco Industries Limited engages in the manufacture and sale of ally steel, and iron and steel castings in India. It operates through Steel; Iron and Steel Castings; and Other segments. The company offers steel products, including pellets, sponge and pig iron, billets, bright bar, alloy steel bars, and wire rods, as well as metallic products used in axles, fasteners, springs, connecting rods, pistons, shock absorbers, crankshafts, gears, bearings,…

Headquarters
Nagpur
Employees
4,408
Sector
Basic Materials
ISIN
INE854B01010
Website
necoindia.com

Price range

52 weeks

₹64.40₹117.00

Today

₹88.75₹91.50
Avg volume (3M)
46.8 L
1-year return
plus 20.6%
From 52-week high
minus 23.6%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
JAYNECOINDJayaswal Neco Industries89.44minus 2.08%8,68512.68.023.4%16.5%0.454.0%plus 20.6%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,6491,7271,9742,1072,194
1,3351,4171,5991,7111,754
315310376396440
19.1%18.0%19.0%18.8%20.1%
4.9−0.14.611.76.5
1191266965.561.6
74.775.874.876.977.6
–−10–––
12598.9236265307
25.8%25.1%19.3%26.8%25.3%
9374.1191194230
0.960.761.972.002.37

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.0%
Profit CAGR 3Y
+26.8%
EPS CAGR 3Y
+26.8%
ROE
23.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,3325,9265,9857,113
–minus 6.4%+1.0%+18.8%
5,5124,8925,0375,773
8201,0359481,340
13.0%17.5%15.8%18.8%
−5.73.9−0.3−34.1
451465554391
266266287301
−64.2−16−3.4−10.2
34.1291103603
−565.3%27.9%−9.2%23.3%
227210113463
–minus 7.4%minus 46.3%+311.0%
2.342.161.164.77

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
971971971971
1,0871,2921,4051,870
3,4143,2352,7532,124
5826026131,005
6,0546,1005,7415,970
3,6083,5423,5083,323
80.3233129122
8.215–1.9
7289.5156127
2,2852,2211,9482,397
6,0546,1005,7415,970

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7396811,3881,367
−56.6−177−236−113
−792−486−1,086−1,284
−11017.466.3−29.7
−66.1−190−244−116
6734911,1441,251

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you