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Last Updated: April 2, 2026, 3:09 am
Author: Getaka|Social: XLinkedIn

Jayaswal Neco Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹20.07Overvalued by 73.24%vs CMP ₹75.00

P/E (19.1) × ROE (4.9%) × BV (₹26.50) × DY (2.00%)

₹33.14Overvalued by 55.81%vs CMP ₹75.00
MoS: -126.3% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹14.0226%Over (-81.3%)
Graham NumberEarnings₹47.9118%Over (-36.1%)
DCFCash Flow₹14.0815%Over (-81.2%)
Net Asset ValueAssets₹26.518%Over (-64.7%)
EV/EBITDAEnterprise₹77.2710%Fair (+3%)
Earnings YieldEarnings₹38.508%Over (-48.7%)
ROCE CapitalReturns₹43.398%Over (-42.1%)
Revenue MultipleRevenue₹30.666%Over (-59.1%)
Consensus (8 models)₹33.14100%Overvalued
Key Drivers: EPS CAGR -30.1% drags value — could be higher if earnings stabilize. | ROE 4.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -30.1%

*Investments are subject to market risks

Investment Snapshot

55
Jayaswal Neco Industries Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 12.6% GoodROE 4.9% WeakD/E 1.28 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.27% (6mo) AccumulatingPromoter holding at 55.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 17% SteadyWorking capital: 57 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +19% YoY GrowingProfit (4Q): +2,777% YoY Strong
Industry Rank25/100 · Weak
P/E 19.1 vs industry 22.5 In-lineROCE 12.6% vs industry 59.5% Below peersROE 4.9% vs industry 17.7% Below peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:09 am

Market Cap 7,283 Cr.
Current Price 75.0
Intrinsic Value₹33.14
High / Low 94.3/26.1
Stock P/E19.1
Book Value 26.5
Dividend Yield0.00 %
ROCE12.6 %
ROE4.86 %
Face Value 10.0
PEG Ratio-0.63

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jayaswal Neco Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jayaswal Neco Industries Ltd 7,283 Cr. 75.0 94.3/26.119.1 26.50.00 %12.6 %4.86 % 10.0
Electrosteel Castings Ltd 5,017 Cr. 81.2 139/60.114.2 95.31.73 %13.4 %13.2 % 1.00
Kirloskar Industries Ltd 2,811 Cr. 2,675 4,726/2,45617.4 6,5450.49 %6.72 %2.60 % 10.0
Nelcast Ltd 1,053 Cr. 121 181/80.422.5 65.00.41 %9.55 %6.48 % 2.00
Alicon Castalloy Ltd 1,009 Cr. 617 1,025/54126.5 3770.89 %11.6 %8.02 % 5.00
Industry Average5,798.11 Cr799.3722.46814.460.98%59.48%17.72%7.00

All Competitor Stocks of Jayaswal Neco Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,6861,4691,4651,5011,5561,4111,4381,2301,6571,6751,6491,7811,727
Expenses 1,4101,2811,2561,2061,2661,1791,2731,0611,3931,3341,3351,4541,417
Operating Profit 276188208296290233165170264342315327310
OPM % 16%13%14%20%19%16%11%14%16%20%19%18%18%
Other Income -4624210-15523354-10
Interest 114111105107115142144145140134119112126
Depreciation 66686667676767717474757676
Profit before tax 5012401241198-41-455313712514399
Tax % -16%55%32%26%25%75%-23%-24%-46%26%26%26%25%
Net Profit 5852892892-32-34771029310574
EPS in Rs 0.590.050.280.940.910.02-0.33-0.350.791.050.961.080.76

Last Updated: February 5, 2026, 10:38 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,1573,0202,6382,5093,4664,1993,6113,6765,9116,2975,8875,9546,833
Expenses 2,7642,6592,4072,2283,1583,6753,4103,0664,6105,5154,8595,0135,539
Operating Profit 3933602312813085242006101,3017821,0289411,293
OPM % 12%12%9%11%9%12%6%17%22%12%17%16%19%
Other Income 10-74-34293117-56061,730-29-0131
Interest 175186225550659712868909459453470564491
Depreciation 1168382255273273276267261266266287300
Profit before tax 11217-109-495-592-444-1,504-5592,31134291103504
Tax % 44%89%-20%-7%-17%-0%0%-0%3%-565%28%-9%
Net Profit 632-87-459-491-444-1,504-5582,247227210113374
EPS in Rs 1.060.03-1.36-7.19-7.69-6.95-23.56-8.7423.142.342.161.163.85
Dividend Payout % -0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-96.83%-4450.00%-427.59%-6.97%9.57%-238.74%62.90%502.69%-89.90%-7.49%-46.19%
Change in YoY Net Profit Growth (%)0.00%-4353.17%4022.41%420.61%16.54%-248.31%301.64%439.79%-592.59%82.41%-38.70%

Jayaswal Neco Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:11%
3 Years:0%
TTM:5%
Compounded Profit Growth
10 Years:4%
5 Years:16%
3 Years:-42%
TTM:46%
Stock Price CAGR
10 Years:24%
5 Years:75%
3 Years:34%
1 Year:20%
Return on Equity
10 Years:%
5 Years:%
3 Years:9%
Last Year:5%

Last Updated: September 5, 2025, 8:10 am

Balance Sheet

Last Updated: December 10, 2025, 2:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 599639639639639639639639971971971971971
Reserves 1,5251,5791,45999951161-1,445-2,0018621,0871,2921,4051,603
Borrowings 3,6554,0314,2754,1894,0403,9423,9403,8293,8453,4143,2142,7352,321
Other Liabilities 7799577041,1391,5752,0742,6283,434644582623631739
Total Liabilities 6,5577,2077,0776,9656,7656,7165,7625,9016,3226,0546,1005,7415,634
Fixed Assets 1,4731,4012,2004,7854,8994,6414,2413,9923,7443,5363,3163,3843,270
CWIP 2,0323,1372,84745749449382829594219127155
Investments 141511100000002
Other Assets 3,0382,6532,0291,7221,3721,5821,4391,8272,4832,4232,5652,2302,206
Total Assets 6,5577,2077,0776,9656,7656,7165,7625,9016,3226,0546,1005,7415,634

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1843334982722603743134488607396811,388
Cash from Investing Activity + -977-515-273225-71-29-17-26-57-177-236
Cash from Financing Activity + 889-10-484-292-225-372-284-150-943-792-486-1,086
Net Cash Flow 97-192-131259-700281-109-1101766
Free Cash Flow -798-1894322812543582824308306754991,144
CFO/OP 52%96%215%98%83%72%156%72%66%94%68%148%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow390.00356.00227.00277.00304.00521.00197.00607.00-2.00779.00-2.00939.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 473843605942363328272625
Inventory Days 141175132188106142143182163139226170
Days Payable 678238795557473637354433
Cash Conversion Cycle 122131137169110128131178154132208161
Working Capital Days -46-25-61-148-189-191-318-39659-1179257
ROCE %6%5%3%1%1%5%-2%12%26%10%14%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.48%49.48%49.48%54.46%54.46%54.46%54.46%54.46%55.15%55.15%55.15%55.15%
FIIs 0.00%0.00%0.00%0.05%0.10%0.01%0.01%0.02%0.02%0.04%1.07%1.29%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.51%0.21%
Public 50.53%50.51%50.53%45.48%45.43%45.52%45.52%45.52%44.83%44.81%43.27%43.35%
No. of Shareholders 39,36638,98740,99441,68145,19745,57951,02650,91151,30951,6111,02,7681,02,763

Shareholding Pattern Chart

No. of Shareholders

Jayaswal Neco Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13Mar 12
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -1.470.001.170.711.95
Diluted EPS (Rs.) -1.470.001.150.641.95
Cash EPS (Rs.) -0.201.302.972.503.90
Book Value[Excl.RevalReserv]/Share (Rs.) 33.2034.6735.4436.3134.13
Book Value[Incl.RevalReserv]/Share (Rs.) 33.2134.6735.4436.3234.13
Revenue From Operations / Share (Rs.) 41.2247.3552.8151.2772.02
PBDIT / Share (Rs.) 4.115.876.686.549.66
PBIT / Share (Rs.) 2.854.574.754.607.25
PBT / Share (Rs.) -1.730.241.850.962.34
Net Profit / Share (Rs.) -1.470.001.040.551.49
NP After MI And SOA / Share (Rs.) -1.470.001.040.551.49
PBDIT Margin (%) 9.9812.3912.6512.7613.41
PBIT Margin (%) 6.919.658.998.9610.07
PBT Margin (%) -4.190.513.511.883.25
Net Profit Margin (%) -3.550.001.961.092.07
NP After MI And SOA Margin (%) -3.550.001.961.092.07
Return on Networth / Equity (%) -4.410.012.921.544.37
Return on Capital Employeed (%) 3.405.375.886.6110.33
Return On Assets (%) -1.310.000.940.561.48
Long Term Debt / Equity (X) 1.441.351.170.810.93
Total Debt / Equity (X) 1.861.731.641.241.28
Asset Turnover Ratio (%) 0.360.430.550.590.81
Current Ratio (X) 0.760.910.910.921.13
Quick Ratio (X) 0.400.400.470.370.48
Inventory Turnover Ratio (X) 2.021.952.372.082.62
Interest Coverage Ratio (X) 1.212.032.311.801.97
Interest Coverage Ratio (Post Tax) (X) 0.911.501.361.151.30
Enterprise Value (Cr.) 4331.164281.893732.032546.502027.98
EV / Net Operating Revenue (X) 1.651.421.180.990.78
EV / EBITDA (X) 16.4811.429.337.835.84
MarketCap / Net Operating Revenue (X) 0.160.170.160.170.22
Price / BV (X) 0.200.230.230.250.47
Price / Net Operating Revenue (X) 0.160.170.160.170.22
EarningsYield -0.210.000.120.060.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jayaswal Neco Industries Ltd. is a Public Limited Listed company incorporated on 28/11/1972 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L28920MH1972PLC016154 and registration number is 016154. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 5999.73 Cr. and Equity Capital is Rs. 970.99 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Castings/FoundryF-8, MIDC Industrial Area, Hingna Road, Nagpur Maharashtra 440016Contact not found
Management
NamePosition Held
Mr. Arvind JayaswalChairman
Mr. Ramesh JayaswalManaging Director
Mr. Sangram Keshari SwainExecutive Director
Mr. Vinod Kumar KathuriaIndependent Director
Mr. Ashwini KumarIndependent Director
Mr. Rajendraprasad MohankaIndependent Director
Mrs. Kumkum RathiIndependent Director
Mr. Manoj ShahIndependent Director

FAQ

What is the intrinsic value of Jayaswal Neco Industries Ltd and is it undervalued?

As of 15 April 2026, Jayaswal Neco Industries Ltd's intrinsic value is ₹33.14, which is 55.81% lower than the current market price of ₹75.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.86 %), book value (₹26.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jayaswal Neco Industries Ltd?

Jayaswal Neco Industries Ltd is trading at ₹75.00 as of 15 April 2026, with a FY2026-2027 high of ₹94.3 and low of ₹26.1. The stock is currently in the middle of its 52-week range. Market cap stands at ₹7,283 Cr..

How does Jayaswal Neco Industries Ltd's P/E ratio compare to its industry?

Jayaswal Neco Industries Ltd has a P/E ratio of 19.1, which is below the industry average of 22.46. This is broadly in line with or below the industry average.

Is Jayaswal Neco Industries Ltd financially healthy?

Key indicators for Jayaswal Neco Industries Ltd: ROCE of 12.6 % is moderate; ROE of 4.86 % is below ideal levels (industry average: 17.72%). Dividend yield is 0.00 %.

Is Jayaswal Neco Industries Ltd profitable and how is the profit trend?

Jayaswal Neco Industries Ltd reported a net profit of ₹113 Cr in Mar 2025 on revenue of ₹5,954 Cr. Compared to ₹2,247 Cr in Mar 2022, the net profit shows a declining trend.

Does Jayaswal Neco Industries Ltd pay dividends?

Jayaswal Neco Industries Ltd has a dividend yield of 0.00 % at the current price of ₹75.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jayaswal Neco Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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