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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jayaswal Neco Industries Ltd

About the Company - Jayaswal Neco Industries Ltd

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. 5958.55 Cr. and Equity Capital is Rs. 970.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Castings/FoundryF-8, MIDC Industrial Area, Hingna Road, Nagpur Maharashtra 440016contact@necoindia.com
https://www.jayaswalneco.com
Management
NamePosition Held
Mr. Arvind JayaswalChairman & Executive Director
Mr. Ramesh JayaswalManaging Director
Mr. Sangram Keshari SwainExecutive Director
Mr. Brajkishore Hargovind AgrawalIndependent Director
Mr. Ashwini KumarIndependent Director
Mr. Rajendra Prasad MohankaIndependent Director
Mrs. Kumkum RathiIndependent Director
Mr. Manoj ShahIndependent Director
Mr. Vinod KathuriaIndependent Director

Basic Stock Data of Jayaswal Neco Industries Ltd

Last Updated: June 17, 2024, 8:28 pm

Market Cap 4,556 Cr.
Current Price 46.9
High / Low65.5/21.6
Stock P/E20.4
Book Value 23.3
Dividend Yield0.00 %
ROCE14.2 %
ROE10.4 %
Face Value 10.0
PEG Ratio0.22

Jayaswal Neco Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,1461,3421,3941,5971,3751,5921,5271,6611,6861,4691,4651,5011,556
Expenses8969709611,1661,2301,3021,3191,5501,4101,2811,2561,2061,266
Operating Profit250372433431145290208110276188208296290
OPM %22%28%31%27%11%18%14%7%16%13%14%20%19%
Other Income3113131,714411-4624210
Interest228240245252234-273113114114111105107115
Depreciation67666767676065666668666767
Profit before tax-4368134113-1532,21732-59501240124119
Tax %-0%-2%-0%-0%0%3%28%337%-16%55%32%26%25%
Net Profit-4369134113-1532,15323141585289289
EPS in Rs-0.681.082.101.16-1.5722.170.241.450.590.050.280.940.91

Last Updated: June 11, 2024, 2:52 am

Jayaswal Neco Industries Ltd Quarterly Chart

Jayaswal Neco Industries Ltd Profit & Loss

Last Updated: June 2, 2024, 1:16 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5882,5453,1573,0202,6382,5093,4664,1993,6113,6765,9116,2975,991
Expenses2,2542,2272,7642,6592,4072,2283,1583,6753,4103,0664,6105,5155,009
Operating Profit3343183933602312813085242006101,301782983
OPM %13%13%12%12%9%11%9%12%6%17%22%12%16%
Other Income161210-74-34293117-56061,730-2917
Interest178185175186225550659712868909459453438
Depreciation87971168382255273273276267261266267
Profit before tax854911217-109-495-592-444-1,504-5592,31134295
Tax %36%41%44%89%20%7%17%0%-0%0%3%-565%
Net Profit5429632-87-459-491-444-1,504-5582,247227213
EPS in Rs1.500.581.060.03-1.36-7.19-7.69-6.95-23.56-8.7423.142.342.18
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Jayaswal Neco Industries Ltd Profit & Loss Yearly Chart

Jayaswal Neco Industries Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:13%
3 Years:20%
TTM:-7%
Compounded Profit Growth
10 Years:25%
5 Years:21%
3 Years:32%
TTM:-72%
Stock Price CAGR
10 Years:17%
5 Years:54%
3 Years:56%
1 Year:126%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:14%

Last Updated: April 16, 2024, 8:19 pm

Jayaswal Neco Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital360497599639639639639639639639971971971
Reserves8681,3091,5251,5791,45999951161-1,445-2,0018621,0871,205
Borrowings1,6692,3993,6554,0314,2754,1894,0403,9423,9403,8293,8453,4143,254
Other Liabilities6487007799577041,1391,5752,0742,6283,434644582571
Total Liabilities3,5454,9056,5577,2077,0776,9656,7656,7165,7625,9016,3226,0546,001
Fixed Assets1,1581,2601,4731,4012,2004,7854,8994,6414,2413,9923,7443,5363,430
CWIP6201,0372,0323,1372,84745749449382829594107
Investments14141415111000000
Other Assets1,7532,5943,0382,6532,0291,7221,3721,5821,4391,8272,4832,4232,464
Total Assets3,5454,9056,5577,2077,0776,9656,7656,7165,7625,9016,3226,0546,001

Jayaswal Neco Industries Ltd Reserves and Borrowings Chart

Jayaswal Neco Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 164209184333498272260374313448860739
Cash from Investing Activity -505-1,147-977-515-273225-71-29-17-26-57
Cash from Financing Activity 397981889-10-484-292-225-372-284-150-943-792
Net Cash Flow554397-192-131259-700281-109-110

Jayaswal Neco Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days414347384360594236332827
Inventory Days158189141175132188106142143182163139
Days Payable788567823879555747363735
Cash Conversion Cycle121148122131137169110128131178154132
Working Capital Days64747077904-92-116-231-2038480
ROCE %11%7%6%5%3%1%1%5%-2%12%26%10%

Jayaswal Neco Industries Ltd Financial Efficiency Indicators Chart

Jayaswal Neco Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters68.79%68.79%48.03%48.03%48.03%48.03%48.03%48.03%48.03%48.03%53.02%53.02%
FIIs0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.05%0.10%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public31.21%31.21%51.97%51.97%51.97%51.95%51.97%51.97%51.96%51.97%46.92%46.88%
No. of Shareholders37,16436,50036,63536,65940,62039,05139,54039,36638,98740,99441,68145,197

Jayaswal Neco Industries Ltd Shareholding Pattern Chart

No. of Jayaswal Neco Industries Ltd Shareholders

This stock is not held by any mutual fund

Jayaswal Neco Industries Ltd ROCE Trend

Jayaswal Neco Industries Ltd EPS Trend

Jayaswal Neco Industries Ltd Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13Mar 12
FaceValue10.0010.0010.0010.0010.00
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

Jayaswal Neco Industries Ltd Profitability Ratios (%)

Jayaswal Neco Industries Ltd Liquidity Ratios

Jayaswal Neco Industries Ltd Liquidity Ratios (%)

Jayaswal Neco Industries Ltd Interest Coverage Ratios (%)

Jayaswal Neco Industries Ltd Valuation Ratios

Fair Value

Fair Value: 50.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.51% compared to the current price 46.9

Intrinsic Value: 97.29

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 107.43% compared to the current price ₹46.9

Last 5 Year EPS CAGR: 92.94%

*Investments are subject to market risks

Strength and Weakness of Jayaswal Neco Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -8.25, which is a positive sign.
  1. The stock has a low average ROCE of 7.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 138.42, which may not be favorable.
  3. The company has higher borrowings (3,575.54) compared to reserves (616.85), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (3.31) and profit (-123.54).

FAQ

What is the latest fair value of Jayaswal Neco Industries Ltd?

The latest fair value of Jayaswal Neco Industries Ltd is ₹50.42.

What is the Market Cap of Jayaswal Neco Industries Ltd?

The Market Cap of Jayaswal Neco Industries Ltd is 4,556 Cr..

What is the current Stock Price of Jayaswal Neco Industries Ltd as on 21 June 2024?

The current stock price of Jayaswal Neco Industries Ltd as on 21 June 2024 is ₹46.9.

What is the High / Low of Jayaswal Neco Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jayaswal Neco Industries Ltd stocks is 65.5/21.6.

What is the Stock P/E of Jayaswal Neco Industries Ltd?

The Stock P/E of Jayaswal Neco Industries Ltd is 20.4.

What is the Book Value of Jayaswal Neco Industries Ltd?

The Book Value of Jayaswal Neco Industries Ltd is 23.3.

What is the Dividend Yield of Jayaswal Neco Industries Ltd?

The Dividend Yield of Jayaswal Neco Industries Ltd is 0.00 %.

What is the ROCE of Jayaswal Neco Industries Ltd?

The ROCE of Jayaswal Neco Industries Ltd is 14.2 %.

What is the ROE of Jayaswal Neco Industries Ltd?

The ROE of Jayaswal Neco Industries Ltd is 10.4 %.

What is the Face Value of Jayaswal Neco Industries Ltd?

The Face Value of Jayaswal Neco Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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