Get 50% OFF This Summer!
Jayaswal Neco Industries
No Data Available
No Stocks
Unlock Smart Score
See Detailed Analysis & Insights
Unlock Insights
See Detailed Analysis & Insights
No Research Report
ROE
Avg ROE (3 Yrs) : NaN%
ROCE
Avg ROCE (3 Yrs) : NaN%
ROA
Avg ROA (3 Yrs) : NaN%
NPM
Avg NPM (3 Yrs) : NaN%
No Data Available
Unlock Management Data
See Detailed Analysis & Insights
Jayaswal Neco Industries Limited (Formerly Jayaswals Neco Limited) was incorporated on Nov' 28, 1972. Nagpur Engineering Company (NECO), the flagship of the NECO Group is presently promoted by Nisha Jayaswal, Rita Jayaswal, Basant Lall Shaw and Arvind Kumar Jayaswal. The Company has manufacturing facilities located in States of Chhattisgarh and Maharashtra and is primarily engaged in manufacture and supply of Pig Iron, Sponge Iron, Pellet, Steel and Iron & Steel Castings.
Commercial operations commenced in 1976 to manufacture cast iron pipes and fittings by setting up the first foundry at Nagpur. It specialised in the manufacture of grey iron castings for railway tracks such as sleepers, brake blocks, bearing plates and municipal/public works castings such as soil/rain water pipes and fittings, manhole covers, etc.
In 1987, the second foundry unit was established at Bhilai, MP. With a further increase in demand, the third unit was established in Anjore, MP, in 1991.
To diversify its activities, NECO purchased a newly erected solvent extraction plant with a crushing capacity of 200 tcd and refining capacity of 25 tpd in Mar.'93. This was subsequently enhanced to 500 tcd and 50 tpd respectively. The company came out with a public issue in Dec.'94 to fund the expansion-cum-modernisation.
In 1995-96, the company proposed to set up a coal washery project in the Chhindwara district of Madhya Pradesh with a capital outlay of Rs 41 cr.
During the year ended Dec'96, the company has approved the scheme of Amalgamation of Nagpur Alloy Castings Ltd along with Jayaswals Neco Ltd into the company w.e.f 1st Apr'96.
The company has been granted ISO 9002 Certification during the year 1998-1999, for Engineering Castings Division, Centricast Division and Steel Plant Division. A new Subsidiary Company 'NECO GLOBAL INC.' has been formed in the State of Texas, USA, inorder to offer better services to the customers and also to expand export market further.
Inertia Iron and Steel Industries Private Limited (IISIPL), Corporate Ispat Alloys Limited (CIAL) and Abhijeet Infrastructure Limited (AIL) merged with Company in November, 2008 through Schemes of Arrangement, which was made operational effective from the Appointed Dates viz. 31st March, 2008, 1st April, 2008 and 1st April, 2008 respectively. Upon transfer of the Assets and Liabilities of the Transferor and Demerged companies pursuant to the Schemes, the following major facilities became the integral part of the Integrated Steel Plant of the Company at Raipur including Sinter Plants of 8 Lac TPA capacity; Steel Melt Shop of 3.34 Lac TPA capacity; Bar and Wire Rod Rolling Mills of 4.5 Lac TPA capacity; Sponge Iron Plants of 2.55 Lac TPA capacity and Captive Power Plants of 27 MW capacity. The Company commenced production in Wire Rod Mill as well as Bar Mill during the year 2010.
During the year 2011, Ispat Alloys Limited got merged with Company for demerger of its Steel Division at Siltara, Raipur through Scheme of Arrangement effective from 1st April, 2008. The Company set up 12 Lacs TPA Iron Ore Pelletisation Plant in the existing Integrated Steel Plant Complex at Raipur in 2015. The Company commenced implementation of various facilities in the States of Chhattisgarh and Jharkhand. It had also undertaken need based additional revamping and modification schemes to achieve smooth operations of some of the existing facilities at Raipur and enhanced capacity of the Automotive Casting Division in Nagpur.
During the period 2016-17, the Company had sold its investment held in its subsidiary Jayaswal Neco Urja th Limited (JNUL) and thus, JNUL ceased to be the subsidiary of the Company w.e.f. 28 November, 2016.
Jayaswal Neco Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Jayaswal Neco Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Jayaswal Neco Industries is valued compared to its competitors.
Jayaswal Neco Industries PE ratio helps investors understand what is the market value of each stock compared to Jayaswal Neco Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Jayaswal Neco Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Jayaswal Neco Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Jayaswal Neco Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Jayaswal Neco Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Jayaswal Neco Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Jayaswal Neco Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Jayaswal Neco Industries helps investors get an insight into when they can enter or exit the stock. Key components of Jayaswal Neco Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Jayaswal Neco Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Jayaswal Neco Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Jayaswal Neco Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Jayaswal Neco Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Jayaswal Neco Industries .
The balance sheet presents a snapshot of Jayaswal Neco Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Download the App