Jayaswal Neco Industries Ltd.
Snapshot View

23.90 +0.30 ▲1.3%

05 August 2021, 04:00:00 P.M.
Volume: 76,044

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.necoindia.com
Financial Indicators
Market Cap 1,507.17 Cr.
Earnings per share (EPS) -8.74 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 15.76 Trailing Twelve Months Ending 2021-03
Book Value / Share -21.37 Trailing Twelve Months Ending 2021-03
Price to Book Value -1.10 Calculated using Price: 23.60
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 63.86 Cr. 638,633,063 Shares
FaceValue 10
Company Profile

Jayaswal Neco Industries Limited, a NECO group company, promoted by B L Shaw, the chairman of the company, It is one of India’s largest industrial groups and has its humble origin with a simple grey iron foundry established at Nagpur in 1976. The company was formerly known as Jayaswals Neco Limited and changed its name to Jayaswal Neco Industries Limited in November 2007.

Today, the group is one of the largest iron and steel & ferrous and non ferrous casting manufacturer, with an installed capacity to produce 1 million TPA of iron and steel & more then 175,000 TPA of ferrous and non ferrous castings. NECO group has 16 manufacturing units and 5 group companies.

Jayaswal Neco Industries Limited manufactures and sells iron and steel, and ferrous and non ferrous castings in India. The company’s Steel segment engages in the manufacture and sale of pig iron, billets, rolled products, and sponge iron. This segment offers its products to the automobile, auto component, transmission line tower, and seamless tube and flange manufacturers.

The company’s iron and steel castings segment manufactures and sells engineering and automotive castings, including brake drums, clutch housing, hubs, gear box housing, suspension items, housings, differential housing, pistons, railway inserts, valve body, pipe fittings, and other engineering castings.

Jayaswal Neco produces iron and steel products for catering to the need of automobile, auto component, transmission line tower, seamless tube & flange manufacturers. The product range includes HR & CR Sheets and coils, bars & rods apart from carbon & alloy steel.

The plant was established in collaboration with the China Shougang International Trade & Engineering Corporation and is located on a 1200 acre land at Raipur in Chhattisgarh, the steel belt of the country. It has a 15 km long internal railway siding.

The availability of skilled labour and proximity to raw materials like iron ore and thermal coal are cost competitive advantages for the company. The sales are spread across the country. Currently the entire requirement of thermal coal is met through captive coal mines.

The plant has an installed capacity for producing 600,000 TPA of pig iron, 480,000 TPA of sinter and 300,000 TPA of steel billets. It is in the process of commissioning Wire Rod and Bar Mill of 450,000 TPA capacity.This plant is equipped with a non recovery type coke oven plant of 100,000 TPA capacity with stamp charging system. The blast furnace has a capacity to produce to 600,000 TPA of basic grade as well as foundry grade high quality pig iron.

The steel melt shop at the plant produces steel billets of special alloy steel, free cutting, ball bearing, high tensile steel for transmission towers and special steel round billets for seamless pipe manufacture.

The steel plant at Raipur also has 2 rotary kilns for manufacturing sponge iron having capacity of 255,000 TPA with a captive generation power plant.The plant has set up captive power plants which include a waste heat recovery based 15.5 MW power plant; the company has power generation capacity of 45 MW and is in the process of adding further capacity.

Product range of the company includes

  • Rounds in carbon, alloy, spring, free cutting, and semi free cutting, cold heading quality for bright bar and forging industries.
  • Round cornered square (rcs) in carbon, alloy, semi free cutting, boron steel etc for forging industries.
  • Spring steel flats (rectangular bar) in spring steel grades like silico manganese, chrome vanadium, chrome manganese, and chrome manganese boron steel for spring leaf manufacturing industries.
  • Wire rod in carbon, alloy, free cutting, semi free cutting, cold heading quality for component, bright bar and fastener industries Hexagon in carbon, free cutting, semi free cutting, alloy steel for fastener industries.
  • As cast rounds, blooms grade: carbon steel and alloy steel for  seamless tube industries as cast billet /blooms (rcs) grade: carbon, alloy, free cutting, semi free cutting, ball bearing, chq, spring steel, for re-rollers and forging application.

Different Divisions of the company are:

  • Steel Plant Division
  • Centri Cast Division
  • Automotive Casting Divn. I, II
  • Construction Casting Division

Recent developments

Jayaswal Neco Industries at the various meetings of the secured creditors of the company held on June 9, 2009, in accordance with the directions of the High Court of Bombay, Nagpur Bench, Nagpur, has approved, all the three Schemes of Arrangement (i) The Company and Inertia Iron and Steel Industries Pvt. Ltd (ii) The Company and Abhijeet Infrastructure Ltd (iii) The Company and Corporate Ispat Alloys Ltd

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.27%
1 Week
-4.78%
1 Month
+1.49%
3 Month
+57.44%
6 Month
+329.08%
1 Year
+696.67%
2 Year
+512.82%
5 Year
+192.53%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 5.47 1.89 3.22 0.09 -4.03 -24.60 -35.26 -48.01
Return on Capital Employed (%) 10.85 6.58 5.76 3.38 1.83 0.90 1.21 5.45 -16.35
Return on Assets (%) 1.70 0.68 1.10 0.03 -1.22 -6.54 -7.16 -6.59 -24.11

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,228 1,806 2,124 2,218 2,098 1,637 1,150 700 -806
Non Curr. Liab. 1,249 1,629 2,686 3,200 3,236 2,907 2,603 2,368 2,134
Curr. Liab. 1,069 1,469 1,747 1,789 1,743 2,421 3,012 3,648 4,435
Minority Int.
Equity & Liab. 3,545 4,905 6,557 7,207 7,077 6,965 6,765 6,716 5,762
Non Curr. Assets 2,343 3,532 4,940 5,548 5,735 5,502 5,429 5,170 4,362
Curr. Assets 1,202 1,373 1,617 1,659 1,342 1,463 1,336 1,545 1,400
Misc. Exp. not W/O
Total Assets 3,545 4,905 6,557 7,207 7,077 6,965 6,765 6,716 5,762

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,590 2,549 3,161 3,024 2,642 2,531 3,477 4,227 3,632
Other Income 16 12 10 20 35 32 25 19 10
Total Income 2,606 2,561 3,171 3,045 2,677 2,562 3,502 4,246 3,642
Total Expenditure -2,256 -2,231 -2,768 -2,667 -2,421 -2,252 -3,169 -3,705 -3,434
PBIDT 350 330 403 378 256 310 333 541 209
Interest -178 -185 -175 -186 -225 -550 -659 -712 -868
Depreciation -87 -97 -116 -83 -82 -255 -273 -273 -276
Taxation -31 -20 -49 -15 22 36 101 0 -1
Exceptional Items -92 -58 7 -568
PAT 54 29 63 2 -87 -459 -491 -444 -1,504

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 164 209 184 333 498 272 260 374 313
Cash Fr. Inv. -505 -1,147 -977 -515 -27 32 25 -13 -29
Cash Fr. Finan. 397 981 889 -10 -484 -292 -225 -372 -284
Net Change 55 43 97 -192 -13 12 59 -12 0
Cash & Cash Eqvt 74 116 213 21 9 21 80 10 10

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 68.79 68.79 68.79 68.79 68.79 68.79 68.79 68.79 68.79
Public 31.21 31.21 31.21 31.21 31.21 31.21 31.21 31.21 31.21
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 13.03 13.03 13.03 13.03 13.03 13.03 13.03 13.03 13.03

Announcements View Details

Wed, 28 Jul 2021
Disclosure Of Related Party Transactions For The Half Year Ended 31St March 2021.
Disclosure of Related Party Transactions for the Half Year ended 31st March 2021.
Sat, 17 Jul 2021
Shareholding for the Period Ended June 30 2021
Jayaswal Neco Industries Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Wed, 14 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Vikash Kumar Agarwal
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Wed, 04 Aug 2021
Close Crossing Last Week Low Close Crossing Last Week Low
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
S Close Below Last Week Low
RSI Trending Down RSI Trending Down

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