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5222

Jayaswal Neco Industries BSE:522285 Stock Report

Last Price

₹27.25

Market Cap

₹26.5b

7D

0%

1Y

7.7%

Updated

05 Oct, 2022

Data

Company Financials
522285 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

522285 Stock Overview

Jayaswal Neco Industries Limited manufactures and sells steel products, and iron and steel castings in India and internationally.

Jayaswal Neco Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jayaswal Neco Industries
Historical stock prices
Current Share Price₹27.25
52 Week High₹35.40
52 Week Low₹20.05
Beta1.57
1 Month Change13.54%
3 Month Change-0.55%
1 Year Change7.71%
3 Year Change527.88%
5 Year Change270.75%
Change since IPO505.56%

Recent News & Updates

Shareholder Returns

522285IN Metals and MiningIN Market
7D0%3.2%1.4%
1Y7.7%-11.0%-1.7%

Return vs Industry: 522285 exceeded the Indian Metals and Mining industry which returned -11% over the past year.

Return vs Market: 522285 exceeded the Indian Market which returned -1.7% over the past year.

Price Volatility

Is 522285's price volatile compared to industry and market?
522285 volatility
522285 Average Weekly Movement10.1%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 522285 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 522285's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19024,119Ramesh Jayaswalhttps://www.necoindia.com

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.

Jayaswal Neco Industries Fundamentals Summary

How do Jayaswal Neco Industries's earnings and revenue compare to its market cap?
522285 fundamental statistics
Market Cap₹26.46b
Earnings (TTM)₹21.36b
Revenue (TTM)₹60.91b

1.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
522285 income statement (TTM)
Revenue₹60.91b
Cost of Revenue₹29.49b
Gross Profit₹31.43b
Other Expenses₹10.06b
Earnings₹21.36b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)22.00
Gross Margin51.59%
Net Profit Margin35.07%
Debt/Equity Ratio209.7%

How did 522285 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 522285 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 522285?

Other financial metrics that can be useful for relative valuation.

522285 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA5.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 522285's PE Ratio compare to its peers?

522285 PE Ratio vs Peers
The above table shows the PE ratio for 522285 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.5x
590078 Maithan Alloys
3xn/a₹28.1b
513097 Shivalik Bimetal Controls
43xn/a₹28.1b
532527 Ramkrishna Forgings
14.5xn/a₹32.6b
SURYAROSNI Surya Roshni
13.3xn/a₹25.2b
522285 Jayaswal Neco Industries
1.2xn/a₹26.5b

Price-To-Earnings vs Peers: 522285 is good value based on its Price-To-Earnings Ratio (1.2x) compared to the peer average (18.5x).


Price to Earnings Ratio vs Industry

How does 522285's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

Price-To-Earnings vs Industry: 522285 is good value based on its Price-To-Earnings Ratio (1.2x) compared to the Indian Metals and Mining industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is 522285's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

522285 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 522285's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 522285 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 522285 (₹27.25) is trading below our estimate of fair value (₹69.78)

Significantly Below Fair Value: 522285 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Jayaswal Neco Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.0%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jayaswal Neco Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Jayaswal Neco Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Jayaswal Neco Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Jayaswal Neco Industries performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


40.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 522285 has a large one-off gain of ₹17.2B impacting its June 30 2022 financial results.

Growing Profit Margin: 522285 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 522285 has become profitable over the past 5 years, growing earnings by 40.6% per year.

Accelerating Growth: 522285 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 522285 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (28.8%).


Return on Equity

High ROE: Whilst 522285's Return on Equity (116.51%) is outstanding, this metric is skewed due to their high level of debt.


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Financial Health

How is Jayaswal Neco Industries's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 522285's short term assets (₹24.2B) exceed its short term liabilities (₹9.8B).

Long Term Liabilities: 522285's short term assets (₹24.2B) do not cover its long term liabilities (₹35.0B).


Debt to Equity History and Analysis

Debt Level: 522285's net debt to equity ratio (183.2%) is considered high.

Reducing Debt: 522285's debt to equity ratio has reduced from 253.5% to 209.7% over the past 5 years.

Debt Coverage: 522285's debt is well covered by operating cash flow (22.4%).

Interest Coverage: 522285's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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Dividend

What is Jayaswal Neco Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Jayaswal Neco Industries Dividend Yield vs Market
How does Jayaswal Neco Industries dividend yield compare to the market?
SegmentDividend Yield
Company (Jayaswal Neco Industries)n/a
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Metals and Mining)6.2%
Analyst forecast in 3 Years (Jayaswal Neco Industries)n/a

Notable Dividend: Unable to evaluate 522285's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 522285's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 522285's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 522285's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 522285 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

Ramesh Jayaswal (62 yo)

39.58yrs

Tenure

₹12,216,000

Compensation

Mr. Ramesh Kumar Jayaswal has been Joint Managing Director of Jayaswal Neco Industries Ltd since January 1, 2008 and serves as its Chief Executive Officer of Steel Plant Division. Mr. Jayaswal had been ass...


CEO Compensation Analysis

Ramesh Jayaswal's Compensation vs Jayaswal Neco Industries Earnings
How has Ramesh Jayaswal's remuneration changed compared to Jayaswal Neco Industries's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹21b

Mar 31 2022₹12m₹12m

₹22b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

-₹352m

Mar 31 2021₹11m₹11m

-₹6b

Dec 31 2020n/an/a

-₹14b

Sep 30 2020n/an/a

-₹16b

Jun 30 2020n/an/a

-₹17b

Mar 31 2020₹15m₹14m

-₹15b

Dec 31 2019n/an/a

-₹8b

Sep 30 2019n/an/a

-₹7b

Jun 30 2019n/an/a

-₹5b

Mar 31 2019₹13m₹12m

-₹4b

Dec 31 2018n/an/a

-₹5b

Sep 30 2018n/an/a

-₹5b

Jun 30 2018n/an/a

-₹5b

Mar 31 2018₹13m₹12m

-₹5b

Dec 31 2017n/an/a

-₹4b

Mar 31 2017₹13m₹12m

-₹5b

Mar 31 2016₹14m₹12m

-₹936m

Compensation vs Market: Ramesh's total compensation ($USD150.12K) is below average for companies of similar size in the Indian market ($USD299.83K).

Compensation vs Earnings: Ramesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 522285's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: 522285's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BSE:522285 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Oct 21Buy₹139,999,826Jayaswal Neco Infrastructures Pvt. Ltd.Company4,861,111₹28.80
28 Oct 21Buy₹29,999,973Jayaswal Neco Power Private LimitedCompany1,041,667₹28.80
28 Oct 21Buy₹114,999,844Jayaswal Neco Metallics Private LimitedCompany3,993,055₹28.80
28 Oct 21Buy₹104,999,862Nine Star Plastic Packaging Services Private LimitedCompany3,645,833₹28.80
28 Oct 21Buy₹134,999,835Jayaswal Neco Energy Private LimitedCompany4,687,500₹28.80
28 Oct 21Buy₹174,999,790Jayaswal Neco Steel and Mining Pvt. Ltd.Company6,076,389₹28.80
28 Oct 21Buy₹79,999,909Apex Spinning & Knitting Mills LimitedCompany2,777,778₹28.80

Ownership Breakdown

What is the ownership structure of 522285?
Owner TypeNumber of SharesOwnership Percentage
State or Government1,7000.0002%
Institutions899,5000.09%
Individual Insiders15,166,3301.6%
Public Companies38,077,3783.9%
General Public87,573,8239.0%
Private Companies829,279,51385.4%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 52%.


Top Shareholders

Top 25 shareholders own 90.49% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
31.44%
Assets Care & Reconstruction Enterprise Ltd.
305,281,848₹8.3b0%no data
5.47%
Jayaswals Holdings Pvt. Ltd.
53,098,951₹1.4b0%no data
4.94%
Nine Star Plastic Packaging Services Private Limited
47,940,433₹1.3b0%no data
4.86%
Karamveer Impex Private Limited
47,229,000₹1.3b0%no data
4.6%
Jayaswal Neco Metallics Private Limited
44,703,555₹1.2b0%no data
4.57%
Jayaswal Neco Energy Private Limited
44,419,500₹1.2b0%no data
4.04%
Jayaswal Neco Infrastructures Pvt. Ltd.
39,246,611₹1.1b0%no data
4.03%
Avon Sales and Services Private Limited
39,095,000₹1.1b0%no data
4.01%
Anurag Sales and Services Private Limited
38,931,000₹1.1b0%no data
3.92%
Apex Spinning & Knitting Mills Limited
38,077,378₹1.0b0%no data
3.85%
Jayaswal Neco Power Private Limited
37,396,167₹1.0b0%no data
2.87%
Efficient Structure Pvt Ltd
27,862,353₹759.2m0%no data
2.63%
Rajvardhan Trade Zone Private Limited
25,512,353₹695.2m0%no data
2.57%
Costal Multitrading Private Limited
25,000,353₹681.3m0%no data
1.99%
Jayaswal Neco Steel and Mining Pvt. Ltd.
19,326,389₹526.6m0%no data
1.74%
Salmon Developers Private Limited
16,852,000₹459.2m0.04%no data
1.7%
Darshan Gems Private Limited
16,520,000₹450.2m0%no data
1.06%
Basant Shaw
10,312,850₹281.0m0%no data
0.093%
Neco Leasing and Finance Pvt Ltd, Asset Management Arm
899,500₹24.5m0%no data
0.089%
Neco Valves and Pumps Pvt Ltd
864,000₹23.5m0%no data
0.0026%
Nisha Jayaswal
25,000₹681.3k0%no data
0.0026%
Rita Jayaswal
25,000₹681.3k0%no data
0.00077%
Brajkishore Agrawal
7,500₹204.4k0%no data
0.00018%
India
1,700₹46.3k0%no data
0.00001%
Arvind Iyer
140₹3.8k0%no data

Company Information

Jayaswal Neco Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Jayaswal Neco Industries Limited
  • Ticker: 522285
  • Exchange: BSE
  • Founded: 1902
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹26.460b
  • Shares outstanding: 971.00m
  • Website: https://www.necoindia.com

Number of Employees


Location

  • Jayaswal Neco Industries Limited
  • F-8, MIDC Industrial Area
  • Hingna Road
  • Nagpur
  • Maharashtra
  • 440016
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
522285BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2002
JAYNECOINDNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.