Jayaswal Neco Industries Ltd.

•

₹ 99.896.63%

2026-08-21

necoindia.comBSE: 522285NSE: JAYNECOIND

Market Cap₹ 9,087 Cr.

Current Price₹ 100

High / Low₹ 117 / 57

Stock P/E0.0

Book Value₹ 31

Price to Book2.45

Dividend Yield0.00 %

ROCE20.5 %

ROE17.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steel: 92.6% • Iron & Steel Castings: 7.3% • Others: 0.1%

PROS

Latest quarter profit grew 108.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.37x)
Operating margins have improved to 18.6% from 12.7%
Working capital cycle has improved - days down from 68 to 34
Stock looks reasonably valued - P/E of 15.1 is below its historical median
Company generates healthy free cash flow

CONS

Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1296.00	12.79	316930.83	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.25	20.73	228759.33	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	174.85	16.90	72222.23	1.34	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	APLAPOLLO	2142.50	48.40	59488.31	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
5.	JSL	718.45	18.23	59230.43	0.56	768.66	7.56	11278.54	10.50	19.19	12.09
6.	WELCORP	2004.10	22.89	52866.28	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	996.80	24.77	27823.86	0.45	350.73	20.66	5455.09	23.45	13.88	14.03
8.	SARDAEN	508.30	15.85	17911.54	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	269.60	26.38	17241.14	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	247.45	20.65	16655.80	0.40	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2285.90	37.01	16022.33	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	JAYNECOIND	93.58	0.00	9086.60	0.00	193.92	108.47	2106.56	27.72	20.48	18.78

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,465	1,501	1,556	1,411	1,438	1,230	1,657	1,675	1,649	1,781	1,727	1,974	2,107
	1,256	1,206	1,266	1,179	1,273	1,061	1,393	1,334	1,335	1,454	1,417	1,599	1,853
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	4	2	10	3	5	2	3	3	5	4	-0	5	12
Interest	105	107	115	142	144	145	140	134	119	112	126	69	66
Depreciation	66	67	67	67	67	71	74	74	75	76	76	75	77
	40	124	119	8	-41	-45	53	137	125	143	99	236	265
Tax %	31.86%	26.06%	25.19%	74.72%	22.56%	24.15%	-46.34%	25.61%	25.82%	26.33%	25.07%	19.28%	26.81%
Net Profit	28	92	89	2	-32	-34	77	102	93	105	74	191	194
	0	1	1	0	-0	-0	1	1	1	1	1	2	0
Equity Capital	971	971	971	971	971	971	971	971	971	971	971	971	971
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	971	971	971	971	971	971	971	971	971	971	971	971	971
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 1,465
: 1,256
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 105
Depreciation: 66
: 40
Tax %: 31.86%
Net Profit: 28
: 0
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 1,501
: 1,206
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 107
Depreciation: 67
: 124
Tax %: 26.06%
Net Profit: 92
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 1,556
: 1,266
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 115
Depreciation: 67
: 119
Tax %: 25.19%
Net Profit: 89
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 1,411
: 1,179
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 142
Depreciation: 67
: 8
Tax %: 74.72%
Net Profit: 2
: 0
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 1,438
: 1,273
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 144
Depreciation: 67
: -41
Tax %: 22.56%
Net Profit: -32
: -0
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 1,230
: 1,061
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 145
Depreciation: 71
: -45
Tax %: 24.15%
Net Profit: -34
: -0
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1,657
: 1,393
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 140
Depreciation: 74
: 53
Tax %: -46.34%
Net Profit: 77
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 1,675
: 1,334
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 134
Depreciation: 74
: 137
Tax %: 25.61%
Net Profit: 102
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,649
: 1,335
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 119
Depreciation: 75
: 125
Tax %: 25.82%
Net Profit: 93
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,781
: 1,454
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 112
Depreciation: 76
: 143
Tax %: 26.33%
Net Profit: 105
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,727
: 1,417
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 126
Depreciation: 76
: 99
Tax %: 25.07%
Net Profit: 74
: 1
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,974
: 1,599
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 69
Depreciation: 75
: 236
Tax %: 19.28%
Net Profit: 191
: 2
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 2,107
: 1,853
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 66
Depreciation: 77
: 265
Tax %: 26.81%
Net Profit: 194
: 0
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 971
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,531	3,477	4,227	3,632	3,705	5,959	6,343	5,934	6,000	7,132	7,589
	2,252	3,169	3,705	3,434	3,103	4,686	5,578	4,913	5,059	5,807	6,323
Operating Profit	310	333	541	209	617	1,306	804	1,046	953	1,342	—
OPM %	12	10	13	6	17	22	13	18	16	19	—
Other Income	32	25	19	10	15	33	40	26	13	17	20
Interest	550	659	712	868	909	459	453	470	563	427	372
Depreciation	255	273	273	276	267	261	266	266	287	301	303
	-495	-592	-444	-1,504	-559	2,311	34	291	103	603	743
Tax %	7	17	0	-0	0	3	-565	28	-9	23	24
Net Profit	-459	-491	-444	-1,504	-558	2,247	227	210	113	463	564
EPS	-7	-8	-7	-24	-9	24	2	2	1	5	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-7	-8	-7	-24	-9	23	2	2	1	5	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-7	-8	-7	-24	-9	23	2	2	1	5	—

Mar 2017

: 2,531
: 2,252
Operating Profit: 310
OPM %: 12
Other Income: 32
Interest: 550
Depreciation: 255
: -495
Tax %: 7
Net Profit: -459
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7

Mar 2018

: 3,477
: 3,169
Operating Profit: 333
OPM %: 10
Other Income: 25
Interest: 659
Depreciation: 273
: -592
Tax %: 17
Net Profit: -491
EPS: -8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8

Mar 2019

: 4,227
: 3,705
Operating Profit: 541
OPM %: 13
Other Income: 19
Interest: 712
Depreciation: 273
: -444
Tax %: 0
Net Profit: -444
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7

Mar 2020

: 3,632
: 3,434
Operating Profit: 209
OPM %: 6
Other Income: 10
Interest: 868
Depreciation: 276
: -1,504
Tax %: -0
Net Profit: -1,504
EPS: -24
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -24

Mar 2021

: 3,705
: 3,103
Operating Profit: 617
OPM %: 17
Other Income: 15
Interest: 909
Depreciation: 267
: -559
Tax %: 0
Net Profit: -558
EPS: -9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9

Mar 2022

: 5,959
: 4,686
Operating Profit: 1,306
OPM %: 22
Other Income: 33
Interest: 459
Depreciation: 261
: 2,311
Tax %: 3
Net Profit: 2,247
EPS: 24
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23

Mar 2023

: 6,343
: 5,578
Operating Profit: 804
OPM %: 13
Other Income: 40
Interest: 453
Depreciation: 266
: 34
Tax %: -565
Net Profit: 227
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2024

: 5,934
: 4,913
Operating Profit: 1,046
OPM %: 18
Other Income: 26
Interest: 470
Depreciation: 266
: 291
Tax %: 28
Net Profit: 210
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 6,000
: 5,059
Operating Profit: 953
OPM %: 16
Other Income: 13
Interest: 563
Depreciation: 287
: 103
Tax %: -9
Net Profit: 113
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2026

: 7,132
: 5,807
Operating Profit: 1,342
OPM %: 19
Other Income: 17
Interest: 427
Depreciation: 301
: 603
Tax %: 23
Net Profit: 463
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

TTM

: 7,589
: 6,323
Operating Profit: —
OPM %: —
Other Income: 20
Interest: 372
Depreciation: 303
: 743
Tax %: 24
Net Profit: 564
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 14%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 27%

STOCK PRICE CAGR

10 Years:: 30%
5 Years:: 38%
3 Years:: 52%
1 Year:: 60%

RETURN ON EQUITY

10 Years:: 89%
5 Years:: 200%
3 Years:: 11%
Last Year:: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	639	639	639	639	639	971	971	971	971	971
	999	511	61	-1,445	-2,001	862	1,087	1,292	1,405	1,870
	1,367	920	1,568	1,799	1,935	22	22	158	306	779
Trade Payables	286	280	333	281	179	271	320	289	237	424
	3,674	4,416	4,115	4,488	5,149	4,196	3,524	3,341	2,762	1,925
Total Liabilities	6,965	6,765	6,716	5,762	5,901	6,322	5,924	6,050	5,681	5,970
ASSETS	-	-	-	-	-	-	-	-	-	-
	4,785	4,899	4,641	4,241	3,993	3,744	3,536	3,316	3,384	3,204
Capital Work in Progress	440	477	477	51	46	54	74	199	110	94
	1	1	0	0	0	0	0	0	0	2
	681	543	834	854	899	1,208	1,284	1,495	1,214	1,395
	0	0	0	0	0	0	0	419	401	469
Cash & Bank	58	113	99	116	369	485	283	140	191	267
	999	732	665	500	595	831	747	482	382	538
Total Assets	6,965	6,765	6,716	5,762	5,901	6,322	5,924	6,050	5,681	5,970
Total Debt	4,189	4,040	3,942	3,940	3,824	3,839	3,409	3,223	2,738	2,111
Net Working Capital	-958	-1,676	-2,103	-3,034	-3,620	1,437	-1,729	1,619	1,118	668
Contingent Liabilities	296	329	308	180	213	404	238	181	159	300
Book Value per Share	25.64	18.00	10.95	-12.63	-21.34	18.88	21.19	23.31	24.46	29.26
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	4,189	4,040	3,942	3,940	3,824	3,839	3,409	3,223	2,738	2,111
Net Working Capital	-958	-1,676	-2,103	-3,034	-3,620	1,437	-1,729	1,619	1,118	668
Contingent Liabilities	296	329	308	180	213	404	238	181	159	300
Book Value per Share	25.64	18.00	10.95	-12.63	-21.34	18.88	21.19	23.31	24.46	29.26
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 639
: 999
: 1,367
Trade Payables: 286
: 3,674
Total Liabilities: 6,965
: 4,785
Capital Work in Progress: 440
: 1
: 681
: 0
Cash & Bank: 58
: 999
Total Assets: 6,965
Total Debt: 4,189
Net Working Capital: -958
Contingent Liabilities: 296
Book Value per Share: 25.64
Face Value: 10.00
Total Debt: 4,189
Net Working Capital: -958
Contingent Liabilities: 296
Book Value per Share: 25.64
Face Value: 10.00

Mar 2018

Equity Capital: 639
: 511
: 920
Trade Payables: 280
: 4,416
Total Liabilities: 6,765
: 4,899
Capital Work in Progress: 477
: 1
: 543
: 0
Cash & Bank: 113
: 732
Total Assets: 6,765
Total Debt: 4,040
Net Working Capital: -1,676
Contingent Liabilities: 329
Book Value per Share: 18.00
Face Value: 10.00
Total Debt: 4,040
Net Working Capital: -1,676
Contingent Liabilities: 329
Book Value per Share: 18.00
Face Value: 10.00

Mar 2019

Equity Capital: 639
: 61
: 1,568
Trade Payables: 333
: 4,115
Total Liabilities: 6,716
: 4,641
Capital Work in Progress: 477
: 0
: 834
: 0
Cash & Bank: 99
: 665
Total Assets: 6,716
Total Debt: 3,942
Net Working Capital: -2,103
Contingent Liabilities: 308
Book Value per Share: 10.95
Face Value: 10.00
Total Debt: 3,942
Net Working Capital: -2,103
Contingent Liabilities: 308
Book Value per Share: 10.95
Face Value: 10.00

Mar 2020

Equity Capital: 639
: -1,445
: 1,799
Trade Payables: 281
: 4,488
Total Liabilities: 5,762
: 4,241
Capital Work in Progress: 51
: 0
: 854
: 0
Cash & Bank: 116
: 500
Total Assets: 5,762
Total Debt: 3,940
Net Working Capital: -3,034
Contingent Liabilities: 180
Book Value per Share: -12.63
Face Value: 10.00
Total Debt: 3,940
Net Working Capital: -3,034
Contingent Liabilities: 180
Book Value per Share: -12.63
Face Value: 10.00

Mar 2021

Equity Capital: 639
: -2,001
: 1,935
Trade Payables: 179
: 5,149
Total Liabilities: 5,901
: 3,993
Capital Work in Progress: 46
: 0
: 899
: 0
Cash & Bank: 369
: 595
Total Assets: 5,901
Total Debt: 3,824
Net Working Capital: -3,620
Contingent Liabilities: 213
Book Value per Share: -21.34
Face Value: 10.00
Total Debt: 3,824
Net Working Capital: -3,620
Contingent Liabilities: 213
Book Value per Share: -21.34
Face Value: 10.00

Mar 2022

Equity Capital: 971
: 862
: 22
Trade Payables: 271
: 4,196
Total Liabilities: 6,322
: 3,744
Capital Work in Progress: 54
: 0
: 1,208
: 0
Cash & Bank: 485
: 831
Total Assets: 6,322
Total Debt: 3,839
Net Working Capital: 1,437
Contingent Liabilities: 404
Book Value per Share: 18.88
Face Value: 10.00
Total Debt: 3,839
Net Working Capital: 1,437
Contingent Liabilities: 404
Book Value per Share: 18.88
Face Value: 10.00

Mar 2023

Equity Capital: 971
: 1,087
: 22
Trade Payables: 320
: 3,524
Total Liabilities: 5,924
: 3,536
Capital Work in Progress: 74
: 0
: 1,284
: 0
Cash & Bank: 283
: 747
Total Assets: 5,924
Total Debt: 3,409
Net Working Capital: -1,729
Contingent Liabilities: 238
Book Value per Share: 21.19
Face Value: 10.00
Total Debt: 3,409
Net Working Capital: -1,729
Contingent Liabilities: 238
Book Value per Share: 21.19
Face Value: 10.00

Mar 2024

Equity Capital: 971
: 1,292
: 158
Trade Payables: 289
: 3,341
Total Liabilities: 6,050
: 3,316
Capital Work in Progress: 199
: 0
: 1,495
: 419
Cash & Bank: 140
: 482
Total Assets: 6,050
Total Debt: 3,223
Net Working Capital: 1,619
Contingent Liabilities: 181
Book Value per Share: 23.31
Face Value: 10.00
Total Debt: 3,223
Net Working Capital: 1,619
Contingent Liabilities: 181
Book Value per Share: 23.31
Face Value: 10.00

Mar 2025

Equity Capital: 971
: 1,405
: 306
Trade Payables: 237
: 2,762
Total Liabilities: 5,681
: 3,384
Capital Work in Progress: 110
: 0
: 1,214
: 401
Cash & Bank: 191
: 382
Total Assets: 5,681
Total Debt: 2,738
Net Working Capital: 1,118
Contingent Liabilities: 159
Book Value per Share: 24.46
Face Value: 10.00
Total Debt: 2,738
Net Working Capital: 1,118
Contingent Liabilities: 159
Book Value per Share: 24.46
Face Value: 10.00

Mar 2026

Equity Capital: 971
: 1,870
: 779
Trade Payables: 424
: 1,925
Total Liabilities: 5,970
: 3,204
Capital Work in Progress: 94
: 2
: 1,395
: 469
Cash & Bank: 267
: 538
Total Assets: 5,970
Total Debt: 2,111
Net Working Capital: 668
Contingent Liabilities: 300
Book Value per Share: 29.26
Face Value: 10.00
Total Debt: 2,111
Net Working Capital: 668
Contingent Liabilities: 300
Book Value per Share: 29.26
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	272	260	374	313	448	860	739	681	1,388	1,367
Cash from Investing	32	25	-13	-29	-17	-26	-57	-177	-236	-113
Cash from Financing	-292	-225	-372	-284	-150	-943	-792	-486	-1,086	-1,284
	12	59	-12	0	281	-109	-110	17	66	-30
Free Cash Flow	-169	-163	360	313	435	842	662	510	1,217	1,263
OCF / Net Profit	-0.59	-0.53	-0.84	-0.21	-0.80	0.38	3.26	3.24	12.32	2.95
Cumulative 5-Year FCF	0	0	0	0	776	1,787	2,611	2,762	3,666	4,494
OCF / Net Profit	-0.59	-0.53	-0.84	-0.21	-0.80	0.38	3.26	3.24	12.32	2.95
Cumulative 5-Year FCF	0	0	0	0	776	1,787	2,611	2,762	3,666	4,494

Mar 2017

: 272
Cash from Investing: 32
Cash from Financing: -292
: 12
Free Cash Flow: -169
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0

Mar 2018

: 260
Cash from Investing: 25
Cash from Financing: -225
: 59
Free Cash Flow: -163
OCF / Net Profit: -0.53
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.53
Cumulative 5-Year FCF: 0

Mar 2019

: 374
Cash from Investing: -13
Cash from Financing: -372
: -12
Free Cash Flow: 360
OCF / Net Profit: -0.84
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.84
Cumulative 5-Year FCF: 0

Mar 2020

: 313
Cash from Investing: -29
Cash from Financing: -284
: 0
Free Cash Flow: 313
OCF / Net Profit: -0.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.21
Cumulative 5-Year FCF: 0

Mar 2021

: 448
Cash from Investing: -17
Cash from Financing: -150
: 281
Free Cash Flow: 435
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: 776
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: 776

Mar 2022

: 860
Cash from Investing: -26
Cash from Financing: -943
: -109
Free Cash Flow: 842
OCF / Net Profit: 0.38
Cumulative 5-Year FCF: 1,787
OCF / Net Profit: 0.38
Cumulative 5-Year FCF: 1,787

Mar 2023

: 739
Cash from Investing: -57
Cash from Financing: -792
: -110
Free Cash Flow: 662
OCF / Net Profit: 3.26
Cumulative 5-Year FCF: 2,611
OCF / Net Profit: 3.26
Cumulative 5-Year FCF: 2,611

Mar 2024

: 681
Cash from Investing: -177
Cash from Financing: -486
: 17
Free Cash Flow: 510
OCF / Net Profit: 3.24
Cumulative 5-Year FCF: 2,762
OCF / Net Profit: 3.24
Cumulative 5-Year FCF: 2,762

Mar 2025

: 1,388
Cash from Investing: -236
Cash from Financing: -1,086
: 66
Free Cash Flow: 1,217
OCF / Net Profit: 12.32
Cumulative 5-Year FCF: 3,666
OCF / Net Profit: 12.32
Cumulative 5-Year FCF: 3,666

Mar 2026

: 1,367
Cash from Investing: -113
Cash from Financing: -1,284
: -30
Free Cash Flow: 1,263
OCF / Net Profit: 2.95
Cumulative 5-Year FCF: 4,494
OCF / Net Profit: 2.95
Cumulative 5-Year FCF: 4,494

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-7.19	-7.69	-6.95	-23.56	-8.74	23.14	2.34	2.16	1.16	4.77
Book Value (₹)	25.64	18.00	10.95	-12.63	-21.34	18.88	21.19	23.31	24.46	29.26
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-3.20	-3.42	-2.68	-19.23	-4.56	25.83	5.07	4.90	4.11	7.87
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	10.88%	9.30%	12.79%	5.75%	16.64%	21.92%	12.68%	17.20%	15.68%	18.57%
Net Margin %	-16.13%	-13.73%	-10.50%	-41.42%	-15.07%	37.72%	3.58%	3.54%	1.88%	6.49%
ROE %	-24.60%	-35.26%	-48.01%	0.00%	0.00%	955.56%	11.66%	9.72%	4.86%	17.76%
ROCE %	0.90%	1.21%	5.45%	-16.35%	12.51%	68.11%	8.75%	13.90%	12.58%	20.48%
	-6.54%	-7.16%	-6.59%	-24.11%	-9.57%	36.77%	3.71%	3.51%	1.92%	7.95%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	46	50	45	42	33	24	27	27	25	22
Inventory Days	84	62	59	85	86	65	72	85	82	67
Payable Days	64	57	52	51	47	30	32	46	37	43
	66	55	53	76	73	58	66	67	70	46
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.56x	3.51x	5.63x	-4.89x	-2.81x	2.09x	1.66x	1.42x	1.15x	0.74x
Interest Coverage (x)	0.10x	0.10x	0.38x	-0.73x	0.39x	6.04x	1.08x	1.62x	1.18x	2.41x
	0.60x	0.44x	0.42x	0.32x	0.33x	2.46x	0.56x	3.17x	2.20x	1.39x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-4.22%	37.41%	21.54%	-14.06%	2.01%	60.82%	6.45%	-6.45%	1.12%	18.87%
Operating Profit Growth %	21.15%	7.34%	62.51%	-61.35%	195.12%	111.82%	-38.43%	30.09%	-8.87%	40.73%
Net Profit Growth %	-427.57%	-6.98%	9.67%	-238.94%	62.89%	502.54%	-89.90%	-7.45%	-46.34%	311.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.44%	-46.34%	311.01%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	22.15x	25.82x	15.05x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.06x	1.22x	2.45x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.39x	5.72x	6.57x

Mar 2017

EPS (₹): -7.19
Book Value (₹): 25.64
Dividend per Share (₹): 0.00
Cash EPS (₹): -3.20
Operating Margin %: 10.88%
Net Margin %: -16.13%
ROE %: -24.60%
ROCE %: 0.90%
: -6.54%
Debtor Days: 46
Inventory Days: 84
Payable Days: 64
: 66
Debt to Equity (x): 2.56x
Interest Coverage (x): 0.10x
: 0.60x
Revenue Growth %: -4.22%
Operating Profit Growth %: 21.15%
Net Profit Growth %: -427.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -7.69
Book Value (₹): 18.00
Dividend per Share (₹): 0.00
Cash EPS (₹): -3.42
Operating Margin %: 9.30%
Net Margin %: -13.73%
ROE %: -35.26%
ROCE %: 1.21%
: -7.16%
Debtor Days: 50
Inventory Days: 62
Payable Days: 57
: 55
Debt to Equity (x): 3.51x
Interest Coverage (x): 0.10x
: 0.44x
Revenue Growth %: 37.41%
Operating Profit Growth %: 7.34%
Net Profit Growth %: -6.98%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -6.95
Book Value (₹): 10.95
Dividend per Share (₹): 0.00
Cash EPS (₹): -2.68
Operating Margin %: 12.79%
Net Margin %: -10.50%
ROE %: -48.01%
ROCE %: 5.45%
: -6.59%
Debtor Days: 45
Inventory Days: 59
Payable Days: 52
: 53
Debt to Equity (x): 5.63x
Interest Coverage (x): 0.38x
: 0.42x
Revenue Growth %: 21.54%
Operating Profit Growth %: 62.51%
Net Profit Growth %: 9.67%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -23.56
Book Value (₹): -12.63
Dividend per Share (₹): 0.00
Cash EPS (₹): -19.23
Operating Margin %: 5.75%
Net Margin %: -41.42%
ROE %: 0.00%
ROCE %: -16.35%
: -24.11%
Debtor Days: 42
Inventory Days: 85
Payable Days: 51
: 76
Debt to Equity (x): -4.89x
Interest Coverage (x): -0.73x
: 0.32x
Revenue Growth %: -14.06%
Operating Profit Growth %: -61.35%
Net Profit Growth %: -238.94%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -8.74
Book Value (₹): -21.34
Dividend per Share (₹): 0.00
Cash EPS (₹): -4.56
Operating Margin %: 16.64%
Net Margin %: -15.07%
ROE %: 0.00%
ROCE %: 12.51%
: -9.57%
Debtor Days: 33
Inventory Days: 86
Payable Days: 47
: 73
Debt to Equity (x): -2.81x
Interest Coverage (x): 0.39x
: 0.33x
Revenue Growth %: 2.01%
Operating Profit Growth %: 195.12%
Net Profit Growth %: 62.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 23.14
Book Value (₹): 18.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 25.83
Operating Margin %: 21.92%
Net Margin %: 37.72%
ROE %: 955.56%
ROCE %: 68.11%
: 36.77%
Debtor Days: 24
Inventory Days: 65
Payable Days: 30
: 58
Debt to Equity (x): 2.09x
Interest Coverage (x): 6.04x
: 2.46x
Revenue Growth %: 60.82%
Operating Profit Growth %: 111.82%
Net Profit Growth %: 502.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 2.34
Book Value (₹): 21.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.07
Operating Margin %: 12.68%
Net Margin %: 3.58%
ROE %: 11.66%
ROCE %: 8.75%
: 3.71%
Debtor Days: 27
Inventory Days: 72
Payable Days: 32
: 66
Debt to Equity (x): 1.66x
Interest Coverage (x): 1.08x
: 0.56x
Revenue Growth %: 6.45%
Operating Profit Growth %: -38.43%
Net Profit Growth %: -89.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 2.16
Book Value (₹): 23.31
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.90
Operating Margin %: 17.20%
Net Margin %: 3.54%
ROE %: 9.72%
ROCE %: 13.90%
: 3.51%
Debtor Days: 27
Inventory Days: 85
Payable Days: 46
: 67
Debt to Equity (x): 1.42x
Interest Coverage (x): 1.62x
: 3.17x
Revenue Growth %: -6.45%
Operating Profit Growth %: 30.09%
Net Profit Growth %: -7.45%
: -7.44%
P/E (x): 22.15x
P/B (x): 2.06x
Dividend Yield %: 0.00%
: 7.39x

Mar 2025

EPS (₹): 1.16
Book Value (₹): 24.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.11
Operating Margin %: 15.68%
Net Margin %: 1.88%
ROE %: 4.86%
ROCE %: 12.58%
: 1.92%
Debtor Days: 25
Inventory Days: 82
Payable Days: 37
: 70
Debt to Equity (x): 1.15x
Interest Coverage (x): 1.18x
: 2.20x
Revenue Growth %: 1.12%
Operating Profit Growth %: -8.87%
Net Profit Growth %: -46.34%
: -46.34%
P/E (x): 25.82x
P/B (x): 1.22x
Dividend Yield %: 0.00%
: 5.72x

Mar 2026

EPS (₹): 4.77
Book Value (₹): 29.26
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.87
Operating Margin %: 18.57%
Net Margin %: 6.49%
ROE %: 17.76%
ROCE %: 20.48%
: 7.95%
Debtor Days: 22
Inventory Days: 67
Payable Days: 43
: 46
Debt to Equity (x): 0.74x
Interest Coverage (x): 2.41x
: 1.39x
Revenue Growth %: 18.87%
Operating Profit Growth %: 40.73%
Net Profit Growth %: 311.00%
: 311.01%
P/E (x): 15.05x
P/B (x): 2.45x
Dividend Yield %: 0.00%
: 6.57x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.47	54.47	54.47	55.15	55.15	55.15	55.15	55.15	55.15
	0.01	0.01	0.02	0.02	0.04	1.07	1.29	0.90	1.32
	0.00	0.00	0.00	0.00	0.00	0.51	0.21	0.30	0.77
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	45.52	45.51	45.52	44.83	44.81	43.27	43.35	43.65	42.76

Jun 2024

: 54.47
: 0.01
: 0.00
Government: 0.00
: 45.52

Sep 2024

: 54.47
: 0.01
: 0.00
Government: 0.00
: 45.51

Dec 2024

: 54.47
: 0.02
: 0.00
Government: 0.00
: 45.52

Mar 2025

: 55.15
: 0.02
: 0.00
Government: 0.00
: 44.83

Jun 2025

: 55.15
: 0.04
: 0.00
Government: 0.00
: 44.81

Sep 2025

: 55.15
: 1.07
: 0.51
Government: 0.00
: 43.27

Dec 2025

: 55.15
: 1.29
: 0.21
Government: 0.00
: 43.35

Mar 2026

: 55.15
: 0.90
: 0.30
Government: 0.00
: 43.65

Jun 2026

: 55.15
: 1.32
: 0.77
Government: 0.00
: 42.76

Documents

Announcements

Copy of Newspaper Publication
2026-08-21 - Jayaswal Neco Industries Limited has informed the Exchange about Copy of Newspaper Publication - Notice of Annual General Meeting
Updates
2026-08-20 - Jayaswal Neco Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report'.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
TranscriptPPTREC
Apr 2026
TranscriptPPTREC
Jan 2026
TranscriptPPTREC