Jayaswal Neco Industries Limited (JAYNECOIND) AI Stock Analysis

• Market Cap: ₹73.84B
• Dividend Yield: N/A
• Average Volume (3M): 1.82M
• Price to Earnings (P/E): 19.6
• Beta (1Y): 1.72
• Revenue Growth: 20.00%
• EPS Growth: 1413.14%
• Country: IN
• Employees: 4,261
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.76
• Shares Outstanding: 970,998,200
• 10 Day Avg. Volume: 950,295
• 30 Day Avg. Volume: 1,816,100
• PEG Ratio: -0.60
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.52
• P/FCF Ratio: 2.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹78.00 ▼(-15.58% Downside)

The score is driven primarily by moderate financial performance: strong cash generation and improving operating efficiency are offset by high leverage and inconsistent profitability. Technically, the trend is positive but overbought signals raise near-term risk. Valuation is middling with no dividend yield support.

Positive Factors

Cash generation

Sustained free cash flow growth indicates durable internal funding for working capital, maintenance capex and debt service. This strengthens financial flexibility over 2-6 months and supports execution of operational plans without reliance on external financing in cyclical periods.

Improving operating efficiency

Material improvement in EBIT/EBITDA margins points to better cost control and production efficiency. Sustained margin uplift enhances resilience to raw-material swings and supports more predictable operating cash flows and reinvestment capacity over the medium term.

Top-line growth

Near-20% revenue growth reflects expanding sales volumes or pricing strength, improving scale economics. Durable revenue expansion helps absorb fixed costs, supports margin recovery and provides a stronger base for multi-quarter free cash flow generation and deleveraging efforts.

Negative Factors

High leverage

Elevated debt-to-equity increases refinancing and interest-rate risk and limits financial flexibility. Over a 2-6 month horizon a leveraged profile can pressure cash available for capex or strategic investments and magnify earnings volatility if margins slip.

Inconsistent profitability

Volatile gross and net margins signal ongoing cost-pressure exposure (raw materials, energy) and operational variability. Inconsistent profitability undermines predictability of cash flows and complicates planning for debt reduction or sustained capital allocation.

Steel industry cyclicality

Core exposure to steel and castings ties revenue and margins to cyclical industrial demand and commodity price swings. This structural cyclicality increases earnings volatility and can prolong periods of pressure on utilization, cash generation and balance sheet metrics.

Jayaswal Neco Industries Limited Business Overview & Revenue Model

Company Description

Jayaswal Neco Industries Limited manufactures and sells steel products, and iron and steel castings in India and internationally. It operates through Steel, Iron and Steel Castings, and Other segments. The company offers pig iron, billets, rolled products, sponge iron, and pellets; and carbon, alloy, spring, leaf, free cutting, cold heading quality and ball bearing steels, and stabilizer bars and coils. It also engages in the mining activities; and provides construction castings products, including cast iron pipes and fittings, and cast iron and ductile iron manhole covers for soil, waste, ventilation, and rainwater use in building drainage systems. In addition, the company offers automotive and engineering castings products. Further, it trades in coal, coke, and PVC pipes. The company serves automotive, power, railways, bearings, structural and fasteners, heavy engineering, refineries, power plants, chemical plants and pipelines, material handling equipment manufacturers, crane manufacturers, sugar crushing mills, and other industries. Jayaswal Neco Industries Limited was founded in 1902 and is based in Nagpur, India.

How the Company Makes Money

Jayaswal Neco Industries Limited generates revenue through multiple channels primarily centered around its manufacturing operations. The company produces and sells a variety of steel products, including billets and structural steel, which are essential for construction and infrastructure projects. Additionally, JAYNECOIND earns revenue from the production of ferro alloys used in steelmaking and other industrial applications. The company may also engage in trading activities, enhancing its revenue streams. Key partnerships with construction firms and infrastructure developers further bolster its sales, alongside its ability to export products to international markets, thereby diversifying its income sources.

Jayaswal Neco Industries Limited Financial Statement Overview

Summary

Moderate revenue growth and improved EBIT/EBITDA margins point to better operating efficiency, and cash flow quality is strong with solid free cash flow growth. However, profitability margins are inconsistent and a high debt-to-equity ratio increases financial risk.

Income Statement

The company has shown moderate revenue growth with a slight increase in Total Revenue from 2024 to 2025. However, the Gross Profit Margin and Net Profit Margin are inconsistent, indicating challenges in cost management. The EBIT Margin and EBITDA Margin have improved significantly, signaling better operational efficiency.

Balance Sheet

The company has a high Debt-to-Equity Ratio, indicating significant leverage, which is a potential risk factor. However, the Return on Equity (ROE) has improved, suggesting better returns on shareholder investments. The Equity Ratio is relatively stable, reflecting a balanced asset structure despite high liabilities.

Cash Flow

Strong Free Cash Flow Growth over the years suggests improved cash generation capabilities. The Operating Cash Flow to Net Income Ratio indicates efficient cash conversion, while a healthy Free Cash Flow to Net Income Ratio supports the company's ability to cover its net earnings with available cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	62.12B	60.00B	59.26B	63.43B	59.55B	36.82B
Gross Profit	35.51B	33.91B	10.57B	29.71B	18.56B	10.63B
EBITDA	10.97B	9.40B	10.22B	7.53B	30.31B	6.13B
Net Income	2.37B	1.13B	2.10B	2.27B	22.47B	-5.58B
Balance Sheet
Total Assets	0.00	57.41B	61.00B	60.54B	63.22B	59.01B
Cash, Cash Equivalents and Short-Term Investments	1.91B	1.91B	894.67M	720.15M	1.83B	3.49B
Total Debt	0.00	27.51B	32.35B	34.14B	38.45B	38.21B
Total Liabilities	-23.76B	33.66B	38.37B	39.96B	44.89B	72.63B
Stockholders Equity	23.76B	23.76B	22.63B	20.58B	18.33B	-13.63B
Cash Flow
Free Cash Flow	0.00	11.44B	4.91B	6.73B	8.30B	4.30B
Operating Cash Flow	0.00	13.88B	6.81B	7.39B	8.60B	4.48B
Investing Cash Flow	0.00	-2.36B	-1.77B	-566.30M	-259.27M	-169.90M
Financing Cash Flow	0.00	-10.86B	-4.86B	-7.92B	-9.43B	-1.50B

Jayaswal Neco Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 92.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAYNECOIND, the sentiment is Positive. The current price of 92.4 is above the 20-day moving average (MA) of 77.66, above the 50-day MA of 77.36, and above the 200-day MA of 60.42, indicating a neutral trend. The MACD of -1.79 indicates Positive momentum. The RSI at 46.37 is Neutral, neither overbought nor oversold. The STOCH value of 81.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JAYNECOIND.

Jayaswal Neco Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSL	76 Outperform	₹34.07B	12.79	―	1.36%	-0.46%	4.85%
POKARNA	73 Outperform	₹29.64B	26.03	―	0.07%	0.69%	25.55%
IMFA	68 Neutral	₹71.76B	19.48	―	1.05%	-6.18%	-23.70%
SUNFLAG	62 Neutral	₹45.10B	22.38	―	0.28%	6.44%	36.54%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JAYNECOIND	59 Neutral	₹73.84B	19.57	―	―	20.00%	1413.14%
NEOGEN	54 Neutral	₹35.23B	135.22	―	0.09%	8.44%	-35.59%

Jayaswal Neco Industries Limited Corporate Events

Jayaswal Neco Board Clears Q3 FY26 Results, Appoints New Internal Auditor for Steel Division

Jayaswal Neco Industries Limited’s board has approved the unaudited financial results for the quarter and nine months ended 31 December 2025, along with the statutory auditors’ limited review, ensuring continued regulatory compliance and transparency for investors under SEBI’s listing norms. The board also noted the superannuation-driven cessation of internal auditor Hrudaranjan Sotmon for the steel plant division effective 31 January 2026, and elevated long-serving chartered accountant Sanjay Kumar Singh, who has extensive internal audit and compliance experience within the company and the steel sector, as the new internal auditor for the division from 1 February 2026, signalling a focus on continuity and strengthened governance in its core operations.

Jayaswal Neco Industries Approves INR 1,800 Crore NCD Issuance

Jayaswal Neco Industries Limited has announced the approval for issuing up to 180,000 unlisted, unrated, secured, redeemable, fully paid-up non-convertible debentures (NCDs) with a face value of INR 100,000 each, totaling INR 1,800 crore. This strategic move is aimed at enhancing the company’s financial structure and supporting its operational and growth objectives. The issuance is secured by a first-ranking charge over the company’s assets and a personal guarantee from its promoters, highlighting the company’s commitment to strengthening its financial position and ensuring stakeholder confidence.