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← CockpitCompetitor Analysis › JAYNECOIND.NS Jayaswal Neco Industries LimitedOpen in the cockpit ↗

Jayaswal Neco Industries LimitedJAYNECOIND.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Steel
Momentum weak 33
Mkt cap
$920M
US dollars, full cap
Free float
33%
of shares outstanding
$/day
$4.32M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+5.1 pp
WACC 15.9%
Hurdle
-6 pp
Req g minus delivered
Close · INR₹89.44
1D-2.1%
1W+2.7%
1M-6.1%
3M-3.4%
6M-22.2%
YTD+1.8%
1Y+15.7%
ATR %4.2%
Beta1.37
52w lowhigh23.6% off high

What Jayaswal Neco Industries does

Employees: 10,015

Jayaswal Neco Industries at a glance

Size Jayaswal Neco Industries (JAYNECOIND.NS) is an India Materials company (Steel) with a market value of $920M, the 619th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹89.44 on 6 Nov 2026.

Performance Over six months the shares fell 22.2%, against -21.2% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 18.3% over the last twelve months (peer median +1.3%); the operating margin is 15.2% (peer median 5.2%).

Valuation It trades at 1.2× enterprise value to sales against a peer median of 1.3× (9th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -6 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.1 points above its cost of capital (15.9% WACC).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 78JAYNECOIND.NS 78
Six months, rebased to 100: Jayaswal Neco Industries against the median of its 20 peers (local-currency closes).

Jayaswal Neco Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹80.0B₹70.8B₹59.5B₹58.9B₹63.0B
Revenue growth—+19%+1%-7%—
Gross profit₹42.5B₹15.1B₹9.69B₹10.2B₹8.01B
EBITDA₹15.2B₹13.4B₹9.63B₹10.4B₹8.03B
Net income₹6.89B₹4.63B₹1.13B₹2.10B₹2.27B
Free cash flown/a₹8.24B₹5.40B₹155M₹5.36B
Capital expendituren/a₹1.16B₹2.44B₹1.90B₹661M
Total debt₹15.0B₹21.1B₹27.4B₹32.1B₹34.1B

Quarterly statements and history in the cockpit →

Jayaswal Neco Industries competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%688231002488002366BEC6011215482600117HANZALIFSID002110002478SXC301261600569MAHSEAMLES2023CIAJAYNECOIND.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Jayaswal Neco Industries is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%0×2.5×5×7.5×688231002488002366BEC6011215482600117HANZALIFSID002110002478601686301261600477MAHSEAMLES2023JAYNECOIND.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jayaswal Neco Industries is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%BEC5482HANZALIF002110002478SXC601686301261600477MAHSEAMLESCIAJAYNECOIND.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Jayaswal Neco Industries is the large dot.

Jayaswal Neco Industries competitors and peer comparison

How Jayaswal Neco Industries compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Jayaswal Neco Industries against its 20 peers (data as of 6 Nov 2026)
MeasureJAYNECOIND.NSPeer medianRank in peer set
1-month return-6.1%-6.5%10th highest of 21
6-month return-22.2%-21.2%11th highest of 21
Distance from 52-week high-23.6%-36.0%5th highest of 21
Revenue growth (TTM)+18.3%+1.3%6th highest of 21
Operating margin15.2%5.2%3rd highest of 21
EV / Sales1.2×1.3×9th cheapest of 21
Growth the price implies (Req g, 7 yrs)8.4%7.7%6th most demanding of 13
Growth delivered (Del g)+14.0%+7.9%5th highest of 13
Hurdle (Req g minus delivered)-5.6 pp+1.8 pp6th least demanding of 13
ROIC minus cost of capital+5.1 pp-3.1 pp3rd highest of 21
EV / EBITDA6.4×7.3×4th cheapest of 9
Net debt / EBITDA0.7×1.7×4th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Jayaswal Neco Industries JAYNECOIND.NSIndia$920M-22%+18%15%1.2×8.4%+14.0%
Jiangsu Longda Superalloy 688231.SSChina$919M-34%+54%6%2.7×n/an/a
Zhejiang Jingu 002488.SZChina$939M-45%+11%5%2.5×n/an/a
RongFa Nuclear Equipment 002366.SZChina$898M-29%-15%-18%9.0×n/an/a
BRC Asia BEC.SISingapore$894M-9%+23%8%0.6×-14.8%+20.5%
Xinjiang Baodi Mining 601121.SSChina$887M-23%+23%23%5.5×n/an/a
Aichi Steel 5482.TJapan$970M-17%+4%5%0.6×1.6%+8.5%
Xining Special Steel 600117.SSChina$976M-23%0%-21%1.7×n/an/a
Hanza HANZA.STSweden$978M-11%+72%8%1.2×10.4%+22.8%
Labrador Iron Ore Royalty LIF.TOCanada$981M-23%-15%75%8.9×0.6%-3.9%
Companhia Siderurgica Nacional Sponsored ADR SIDUnited States$984M-38%+9%10%1.1×n/an/a
Sansteel MinGuang Co., Ltd., Fujian 002110.SZChina$993M-20%-7%-2%0.6×9.7%-2.4%
Jiangsu Changbao Steel Tube 002478.SZChina$847M-40%+2%6%0.8×-4.8%+8.4%
SunCoke Energy SXCUnited States$832M+34%+3%4%0.7×7.2%+6.6%
Tianjin You Fa Steel Pipe Group Stock 601686.SSChina$1.03B-15%-2%1%0.3×4.0%+0.9%
Hengong Precision Equipment 301261.SZChina$1.04B-9%+34%5%5.0×26.1%+15.8%
Hangxiao Steel Structure 600477.SSChina$810M-24%-24%3%1.7×11.6%-2.5%
Anyang Iron and Steel 600569.SSChina$810M-10%+1%-10%0.6×n/an/a
Maharashtra Seamless MAHSEAMLES.NSIndia$809M-12%-12%13%1.6×8.1%+15.2%
Yieh Phui Enterprise 2023.TWTaiwan$804M+5%-9%0%1.3×n/an/a
Champion Iron CIA.AXAustralia$799M-60%-7%7%1.4×10.4%+7.4%

Questions

Which companies are Jayaswal Neco Industries's closest peers?
The cockpit's peer set: Jiangsu Longda Superalloy (688231.SS), Zhejiang Jingu (002488.SZ), RongFa Nuclear Equipment (002366.SZ), BRC Asia (BEC.SI), Xinjiang Baodi Mining (601121.SS), Aichi Steel (5482.T), Xining Special Steel (600117.SS), Hanza (HANZA.ST).
Is Jayaswal Neco Industries expensive compared with its peers?
On ev / sales it trades at 1.2× against a peer median of 1.3×, 9th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -6 pp: the price already allows for a slowdown.
How has Jayaswal Neco Industries stock performed?
Over six months to 6 Nov 2026 the shares returned -22.2% against -21.2% for the median peer; over one year +15.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.