Jayaswal Neco Industries Limited (IN:JAYNECOIND)
:JAYNECOIND
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Jayaswal Neco Industries Limited
(JAYNECOIND)
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Rating:62Neutral
Price Target:
₹91.00
▼(-1.52% Downside)
Action:Reiterated
Date:04/29/26
The score is driven mainly by improving financial performance (stronger FY2026 trend, positive free cash flow, and debt reduction), supported by a strong technical uptrend. This is tempered by still-meaningful leverage and earnings volatility typical of steel, plus a relatively high P/E and no stated dividend yield.
Positive Factors
Consistent cash generation
Consistent positive operating and free cash flow across the period indicates the company generates internal cash to fund operations, capex, and deleveraging. The FY2026 FCF rebound is durable evidence of improved cash conversion supporting financial flexibility and reduced refinancing risk.
Negative Factors
Leverage still meaningful
Despite recent debt cuts, absolute leverage remains substantial for a cyclical steel operator. This constrains capital allocation, elevates interest and refinancing exposure, and leaves limited cushion in a material industry slowdown, making future investment or dividend policies more constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistent positive operating and free cash flow across the period indicates the company generates internal cash to fund operations, capex, and deleveraging. The FY2026 FCF rebound is durable evidence of improved cash conversion supporting financial flexibility and reduced refinancing risk.
Read all positive factors
Jayaswal Neco Industries Limited (JAYNECOIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹83.21B
Dividend YieldN/A
Average Volume (3M)1.82M
Price to Earnings (P/E)18.0
Beta (1Y)1.60
Revenue Growth18.87%
EPS Growth311.35%
CountryIN
Employees4,261
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)3.88
Shares Outstanding970,998,200
10 Day Avg. Volume950,295
30 Day Avg. Volume1,816,100
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.56
Price to Sales (P/S)1.02
P/FCF Ratio8.84
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
Revenue is primarily generated from the manufacture and sale of ferrous metal products. Key revenue streams typically include (1) sales of steel products (e.g., finished or semi-finished steel sold to downstream manufacturers and industrial users)...
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 | 67.62B | 71.32B | 60.00B | 59.26B | 63.43B | 59.55B |
| Gross Profit | 38.31B | 36.54B | 33.91B | 10.57B | 29.71B | 18.56B |
| EBITDA | 12.56B | 13.31B | 9.40B | 10.22B | 7.53B | 30.31B |
| Net Income | 3.77B | 4.63B | 1.13B | 2.10B | 2.27B | 22.47B |
Balance Sheet | ||||||
| Total Assets | 56.34B | 59.70B | 57.41B | 61.00B | 60.54B | 63.22B |
| Cash, Cash Equivalents and Short-Term Investments | 1.57B | 2.73B | 1.91B | 894.67M | 720.15M | 1.83B |
| Total Debt | 23.21B | 21.09B | 27.51B | 32.35B | 34.14B | 38.45B |
| Total Liabilities | 30.60B | 31.29B | 33.66B | 38.37B | 39.96B | 44.89B |
| Stockholders Equity | 25.74B | 28.41B | 23.76B | 22.63B | 20.58B | 18.33B |
Cash Flow | ||||||
| Free Cash Flow | 6.09B | 8.24B | 11.44B | 4.91B | 6.73B | 8.30B |
| Operating Cash Flow | 6.70B | 9.40B | 13.88B | 6.81B | 7.39B | 8.60B |
| Investing Cash Flow | -576.20M | -1.18B | -2.36B | -1.77B | -566.30M | -259.27M |
| Financing Cash Flow | -6.30B | -8.51B | -10.86B | -4.86B | -7.92B | -9.43B |
Jayaswal Neco Industries Limited Technical Analysis
Negative
92.40
Price Trends
99.56
Negative
87.85
Negative
81.01
Positive
Market Momentum
-3.48
Positive
35.53
Neutral
14.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAYNECOIND, the sentiment is Negative. The current price of 92.4 is above the 20-day moving average (MA) of 92.04, below the 50-day MA of 99.56, and above the 200-day MA of 81.01, indicating a neutral trend. The MACD of -3.48 indicates Positive momentum. The RSI at 35.53 is Neutral, neither overbought nor oversold. The STOCH value of 14.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAYNECOIND.
Jayaswal Neco Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹84.30B | 12.07 | ― | 1.82% | -11.28% | -9.81% | |
70 Outperform | ₹166.91B | 17.03 | ― | 1.18% | -14.08% | -44.02% | |
67 Neutral | ₹56.90B | 19.88 | ― | 2.03% | 1.41% | -17.68% | |
65 Neutral | ₹498.30B | 41.53 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹186.09B | 38.49 | ― | 0.60% | -13.35% | -11.28% | |
62 Neutral | ₹83.21B | 18.00 | ― | ― | 18.87% | 311.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials 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.