Jayaswal Neco Industries Limited (JAYNECOIND) Fair Value & Analysis

Basic Materials · IN · Market cap ₹87.7B

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from ₹60.81 (bear) to ₹101.35 (bull), base ₹81.08. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 72/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹14.30 – ₹115.24 · fair‑value band ₹60.81 – ₹101.35 · the ₹88.93 price screens above the ₹81.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jayaswal Neco Industries Limited (JAYNECOIND) currently trades at ₹88.93, while our model-based Fair Value estimate is ₹81.08, implying the stock looks roughly 8.8% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Jayaswal Neco Industries Limited generated revenue of ₹71.3B at a net margin of 6.5%. Revenue grew 17.8% year over year. It earns a return on equity of 17.8%. Net debt stands at ₹19.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹60.81 (bear case) to ₹101.35 (bull case); at ₹88.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 155% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -9%, JAYNECOIND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹123.72) versus Dividend Discount (₹0.0100). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Jayaswal Neco Industries Limited engages in the manufacture and sale of steel products and iron and steel castings in India. It operates through Steel, Iron and Steel Castings, and Other segments.

Full company description

Jayaswal Neco Industries Limited engages in the manufacture and sale of steel products and iron and steel castings in India. It operates through Steel, Iron and Steel Castings, and Other segments. The company offers steel products, including pellets, sponge and pig iron, billets, alloy steel bars and wire rods, and blooms and slabs used in carbon and alloy steels, springs, cold heading quality steels, leaf springs, connecting rods, shock absorber and crank shafts, gears, ball bearings, and stabilizer bars and coils, as well as supplies steel in cast, rolled, annealed, and bright bar forms. It also provides automotive castings, such as differential and clutch housings, axles, cylinder heads, and gear box housing products used by cars, trucks, ractors,and agricultural equipment manufacturers, as well as hubs, suspension and engineering items, differential case and covers, railway inserts, base plates for metro rail, insulators and electrical prts, and supplies iron castings to the automotive sector; and engineering castings comprising ductile iron castings, carrier housing, and axle end cap and backing rings. Additionally, the company offers centricast products, including sanitary, hub less pipes, ductile and cast iron manhole covers, and frames and gratings and construction castings comprising manhole covers, ingot moulds, stool plates, and slag pots under NECO brand. Further, it produces various grades of iron ores and limestones to feed the integrated iron and steel plants and engages n PVC pipes trading. The company serves its products in automotive, defense, infrastructure, oil and gas, power, railways, engineering, generator sets, petrochemicals and refineries, agricultural machinery, steel, service lines, irrigation, sugar crushers, crane and material handling equipment manufacturers, bearings, structural and fasteners, and other industries. Jayaswal Neco Industries Limited was formerly known as Jayaswals Neco Ltd. and changed its name to Jayaswal Neco Industries Limited in November 2007. The company was inc

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jayaswal Neco Industries Limited reported revenue of ₹71.3B in FY2026 versus ₹59.6B in FY2022, a compound +4.6%/yr. Reported net income was ₹4.6B in FY2026, compounding −32.6%/yr from FY2022.

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Peer Group

Steel · 380 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.