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Jayaswal Neco Industries Q2 FY27 Share Price & Earnings Call Analysis

₹89.86+3.20% today
Market cap
₹8,725 Cr
P/E
12.53
ROE
18.05%
PEG
0.63
Price to sales
1.09
Debt to equity
0.45
52W high / low
₹115 / ₹66.3
Sales growth (5Y)
14.02%
EBITDA margin
19.02%
Net profit margin
6.65%
Promoter holding
55.15%
Sales (last year)
₹8,002 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

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  2. Strong growth
    1
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    3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Jayaswal Neco announcements

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Financials of Jayaswal Neco

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Jayaswal Neco

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +54.46%54.46%54.46%54.46%54.46%55.15%55.15%55.15%55.15%55.15%55.15%55.15%
FIIs +0.05%0.10%0.01%0.01%0.02%0.02%0.04%1.07%1.29%0.90%1.32%0.98%
DIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.51%0.21%0.30%0.78%0.76%
Public +45.48%45.43%45.52%45.52%45.52%44.83%44.81%43.27%43.35%43.65%42.75%43.12%
No. of Shareholders41,68145,19745,57951,02650,91151,30951,6111,02,7681,02,76396,84498,4511,05,471

Financials of Jayaswal Neco

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,5011,5561,4111,4381,2301,6571,6751,6491,7811,7271,9742,1072,194
Expenses +1,2061,2661,1791,2731,0611,3931,3341,3351,4541,4171,5991,7111,754
Operating Profit296290233165170264342315327310376396440
OPM %20%19%16%11%14%16%20%19%18%18%19%19%20%
Other Income +210-15523354-105126
Interest107115142144145140134119112126696662
Depreciation67676767717474757676757778
Profit before tax1241198-41-455313712514399236265307
Tax %26%25%75%-23%-24%-46%26%26%26%25%19%27%25%
Net Profit +92892-32-34771029310574191194230
EPS in Rs0.940.910.02-0.33-0.350.791.050.961.080.761.972.002.37

Financials of Jayaswal Neco

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3,0202,6382,5093,4664,1993,6113,6765,9116,2975,8875,9547,0858,002
Expenses +2,6592,4072,2283,1583,6753,4103,0664,6105,5154,8595,0135,7566,481
Operating Profit3602312813085242006101,3017821,0289411,3291,522
OPM %12%9%11%9%12%6%17%22%12%17%16%19%19%
Other Income +-74-34293117-56061,730-29-013313
Interest186225550659712868909459453470564427322
Depreciation8382255273273276267261266266287301305
Profit before tax17-109-495-592-444-1,504-5592,31134291103603908
Tax %89%-20%-7%-17%-0%0%-0%3%-565%28%-9%23%
Net Profit +2-87-459-491-444-1,504-5582,247227210113463689
EPS in Rs0.03-1.36-7.19-7.69-6.95-23.56-8.7423.142.342.161.164.777.10
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Jayaswal Neco

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital639639639639639639639971971971971971971
Reserves1,5791,45999951161-1,445-2,0018621,0871,2921,4051,8702,345
Borrowings +4,0314,2754,1894,0403,9423,9403,8293,8453,4143,2142,7352,1091,496
Other Liabilities +9577041,1391,5752,0742,6283,4346445826236311,0201,050
Total Liabilities7,2077,0776,9656,7656,7165,7625,9016,3226,0546,1005,7415,9705,862
Fixed Assets +1,4012,2004,7854,8994,6414,2413,9923,7443,5363,3163,3843,2043,151
CWIP3,1372,8474574944938282959421912711784
Investments15111000000022
Other Assets +2,6532,0291,7221,3721,5821,4391,8272,4832,4232,5652,2302,6462,626
Total Assets7,2077,0776,9656,7656,7165,7625,9016,3226,0546,1005,7415,9705,862

Financials of Jayaswal Neco

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3334982722603743134488607396811,3881,367
Cash from Investing Activity +-515-273225-71-29-17-26-57-177-236-113
Cash from Financing Activity +-10-484-292-225-372-284-150-943-792-486-1,086-1,284
Net Cash Flow-192-131259-700281-109-1101766-30
Free Cash Flow-1894322812543582824308306754991,1441,251
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit96%215%98%83%72%156%72%66%94%68%148%104%

Financials of Jayaswal Neco

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days384360594236332827262524
Inventory Days175132188106142143182163139226170183
Days Payable823879555747363735443356
Cash Conversion Cycle131137169110128131178154132208161151
Working Capital Days-25-61-148-189-191-318-39659-117925721
ROCE %5%3%1%1%5%-2%12%26%10%14%13%21%
25out of 100

Momentum score · price trend

25 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+15.7%71%
Last 6 months−22.0%17%
Last 3 months+1.9%71%

The price is 22% below its all-time high of ₹115.24 (4 May 2026). Stocks more than 20% below their peak have their score halved, so 50 became 25.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jayaswal Neco: 0.4 × 71 + 0.4 × 17 + 0.2 × 71 = 50, halved to 25 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Jayaswal Neco's management said in earlier quarters

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