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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Jayaswal Neco Industries Limited is an India-based company. The Company is a fully integrated manufacturer of alloy steel, sponge iron, pellet, and pig iron, supported by captive mining, power generation and manufacturer of iron and steel castings for automotive and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
Jayaswal Neco Industries is scored on the commodity / cyclical framework. It keeps a slim 6.5% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.95× reported profit. It throws off free cash worth 14.4% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 4%/yr and profit at 27%/yr. Book value has grown 11%/yr. Return on equity is a weak -0.9%. In the latest quarter profit grew 19% versus the prior quarter.
At 19× earnings, the stock sits at the 31st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~3%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 12.61 | 20.39 | better |
| P/B | 0.21 | — | — |
| EV/EBITDA | 23.83 | 10.9 | worse |
| ROE | -0.87 | 18.07 | worse |
| ROCE | 2.92 | 9.84 | worse |
| ROA | -1.5 | 3.5 | worse |
| Quick Ratio | 0.4 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
4% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (27% vs 4%) — margin expansion is at work. The latest year saw a +311% swing — check if it's a one-off or structural.
Operating margin has expanded from 1% to 8% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 16% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency improving — ROE up 5pp across the window.
27% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 3.0× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 17% above earlier ones.
Profit jumped 19% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (4% → 10%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 55.1% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.