Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Ltd

₹ 39.9 1.48%
22 Nov - close price
About

Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.[1]

Key Points

Product Categories
Steel Plant Products, Automotive Components, Construction Components, Engineering Components, Fabrication Products, NSSL Valves & Services, Refractory Products, Defense Equipments. [1]

  • Market Cap 3,872 Cr.
  • Current Price 39.9
  • High / Low 65.5 / 36.9
  • Stock P/E
  • Book Value 33.2
  • Dividend Yield 0.00 %
  • ROCE 2.93 %
  • ROE -0.87 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.02% over past five years.
  • Company has a low return on equity of 0.38% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 100% of their holding.
  • Promoter holding has decreased over last 3 years: -15.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Large

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
1,781 2,261 2,588 2,545 3,157 3,020 2,624
1,491 1,905 2,254 2,227 2,765 2,659 2,394
Operating Profit 290 357 334 318 392 360 230
OPM % 16% 16% 13% 13% 12% 12% 9%
32 19 16 11 9 -75 -41
Interest 138 144 178 185 175 187 219
Depreciation 79 84 87 97 116 83 81
Profit before tax 105 148 85 48 111 16 -110
Tax % 34% 34% 36% 42% 44% 98% -15%
69 98 54 28 62 0 -94
EPS in Rs 2.92 3.91 1.49 0.56 1.04 0.00 -1.47
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 1%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4%
Stock Price CAGR
10 Years: 13%
5 Years: 63%
3 Years: 15%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 0%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 237 251 360 497 599 639 639
Reserves 356 488 868 1,308 1,523 1,576 1,482
1,131 1,244 1,716 2,422 3,679 4,055 4,114
240 825 664 701 779 958 863
Total Liabilities 1,965 2,807 3,608 4,929 6,580 7,228 7,098
1,130 1,098 1,166 1,268 1,481 1,410 2,207
CWIP 39 199 635 1,062 2,058 3,163 2,852
Investments 0 0 0 1 1 1 1
796 1,510 1,808 2,597 3,040 2,654 2,038
Total Assets 1,965 2,807 3,608 4,929 6,580 7,228 7,098

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
84 410 179 195 184 332 521
12 -554 -516 -1,114 -976 -515 -27
-92 152 408 947 889 -9 -506
Net Cash Flow 4 8 70 28 96 -192 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 32 41 41 43 47 38 44
Inventory Days 118 147 158 189 141 175 132
Days Payable 20 94 78 85 67 82 80
Cash Conversion Cycle 129 94 121 148 122 131 95
Working Capital Days 121 45 61 74 69 77 61
ROCE % 16% 10% 6% 6% 5% 3%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 53.02% 53.02% 53.02% 53.02%
0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.05% 0.10% 0.01% 0.01%
51.97% 51.97% 51.97% 51.95% 51.97% 51.97% 51.96% 51.97% 46.92% 46.88% 46.96% 46.96%
No. of Shareholders 36,63536,65940,62039,05139,54039,36638,98740,99441,68145,19745,57951,026

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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