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Jayaswal Neco Industries Ltd share Price Today

Company details

46.70
47.99
21.60
65.40
6M Return -6.53%
1Y Return 107.15%
Mkt Cap.(Cr) 4,555.92
Volume 294,682
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 294,682

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Iron & Steel products company Jayaswal Neco Industries announced FY24 results:

Financial Highlights:

  • Total Earning Before Interest. Depreciation, Tax and Amortization (EBIDTA): Total EBIDTA stood at Rs 1,045 Crores, grew by 30% in FY24 as compared to previous year which was Rs 804 Crores.
  • Total EBIDTA to Revenue from Operations: Grew to 18% in FY24 from 13% in the previous year.
  • Profit Before Tax (PBT): PBT stood at Rs 291 Crores, grew by 756% in FY24 as compared to previous year which was Rs 34 Crores.
  • Net Worth: Net Worth stood at Rs 2,263 Crores, grew by 10% in FY24 as compared to previous year which was Rs 2,058 Crores.

Operational Highlights:

  • Billets: Highest ever production of 6,75,202 MT surpassing the previous highest of 5,76,045 MT in the year 2021-22, up by 17%.
  • Rolled Products: Highest ever production of 6,34,998 MT surpassing the previous highest of 5,44,555 MT in the year 2021-22, up by 17%.
  • Rolled Products Sale (Including Annealed & Bright Bar): Highest ever Sale of 5,67,197 MT surpassing the previous highest of 5,43,982 MT in the year 2021-22, up by 4%.
  • Captive Iron Ore Mines (Metabodeli and Chhotedongar): Highest ever Production in FY24: 26,05,880 MT, up by 22% YoY.
  • Captive Iron Ore Mines (Metabodeli and Chhotedongar): Highest ever dispatches in FY24 : 24,64,646 MT, up by 19% YoY

Result PDF

View Other Company Results

Jayaswal Neco Industries Ltd shares SWOT Analysis

Strengths (2)

  • Book Value per share Improving for last 2 years
  • FII / FPI or Institutions increasing their shareholding

Weakness (9)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • Companies Increasing Debt as per Annual Report

Resistance and support

R1 47.7
R2 48.5
R3 49.0
Pivot

47.20

S1 46.4
S2 45.9
S3 45.1
EMA SMA
47.4
48.9
48.9
45.3
47.0
49.8
51.4
46.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
JAYSWAL HOLDINGS PVT. LTD Block Purchase 2006-02-02 17.25 2027156 BSE
BASANT LALL SHAW Block Sell 2006-02-02 17.25 883854 BSE
NECO VALVES AND PUMPS PVT LTD Block Sell 2006-02-02 17.25 603990 BSE
Name Category Shares
BASANT LALL SHAW PROMOTER 1.34%
ARVIND JAYASWAL PROMOTER 0.52%
RAMESH JAYASWAL PROMOTER 0.52%
JAYASWAL HOLDINGS PVT LTD PROMOTER 5.75%
NINE STAR PLASTIC PACKAGING SERVICES PRIVATE LIMITED PROMOTER 5.21%
KARAMVEER IMPEX PRIVATE LIMITED PROMOTER 5.14%
JAYASWAL NECO METALLICS PRIVATE LIMITED PROMOTER 4.88%
JAYASWAL NECO ENERGY PRIVATE LIMITED PROMOTER 4.85%
JAYASWAL NECO INFRASTRUCTURES PRIVATE LIMITED PROMOTER 4.32%
AVON SALES AND SERVICES PRIVATE LIMITED PROMOTER 4.3%
ANURAG SALES AND SERVICES PVT LTD PROMOTER 4.29%
APEX SPINNING MILLS PVT LTD PROMOTER 4.2%
JAYASWAL NECO POWER PRIVATE LIMITED PROMOTER 4.13%
JAYASWAL NECO STEEL AND MINING LIMITED PROMOTER 2.27%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Jayaswal Neco Industries Ltd Stocks COMPARISON

Financials( in Cr) Jayaswal Neco Industries Ltd Tata Steel Ltd JSW Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 46.92 183.15 921.15 1,052.45 4,307.00
% Change -0.59 0.32 0.59 1.08 1.65
Mcap Cr 4,555.92 228,635.89 225,263.00 107,359.16 83,298.24
Revenue TTM Cr 6,342.86 243,352.69 165,960.00 53,211.52 14,964.73
Net Profit TTM Cr 226.87 8,075.35 4,139.00 3,974.09 1,325.06
PE TTM 20.41 0.00 26.72 18.06 125.33
1 Year Return 107.15 64.78 21.74 97.42 53.98
ROCE 8.21 12.10 8.60 14.17 33.06
ROE 9.51 7.48 6.22 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,051.61 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

Jayaswal Neco Industries Ltd Information

Stock PE (TTM)
20.41
Promoter Holding
53.02%
Book Value
23.3068
ROCE
8.21%
ROE
9.51%
Description
  • 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.

Registered Address

F/8 MIDC Industrial Area, Hingna Road, Nagpur, Maharashtra, 440016

Tel : 91-07104-237276/237471/237472
Email : contact:necoindia.com
Website : http://www.necoindia.com
Registrar

Intime Spectrum Registry Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 522285
NSE Code : JAYNECOIND
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE854B01010

FAQ’s on Jayaswal Neco Industries Ltd Shares

You can buy Jayaswal Neco Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jayaswal Neco Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:52 PM the closing price of Jayaswal Neco Industries Ltd was Rs.46.92.

The latest PE ratio of Jayaswal Neco Industries Ltd as of Jun 14, 2024 03:52 PM is 20.41

The latest PB ratio of Jayaswal Neco Industries Ltd as of Jun 14, 2024 03:52 PM is 0.50

The 52-week high of Jayaswal Neco Industries Ltd share price is Rs. 65.40 while the 52-week low is Rs. 21.60

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:52 PM, the market cap of Jayaswal Neco Industries Ltd stood at Rs. 4,555.92.

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