Announcement
Announcement under Regulation 30 (LODR)-Allotment 1 Oct - Allotted 2.24 crore warrants at ₹89.13 each, raising ₹200 crore; ₹50 crore received upfront.
Source: Bse
Jayaswal Neco Industries Limited (JAYNECOIND)
Micro CapIndustrials stocks · Micro cap · NSE
Jayaswal Neco Industries Limited operates in Steel, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result16 Oct, 02:53 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
56NeutralSMA20 -1.7% / mo · MACD +
Stock trend: 60
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
JAYNECOINDD candles · FIT view+2.3%Latest close ₹97.98 on 2026-10-19
Bar
-4.1%
RSI
58
MACD hist
0.86
52W pos
64%
2026-10-19O ₹102.17H ₹103.80L ₹96.00C ₹97.98Vol 1.0Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
JAYNECOINDNifty India ManufacturingNifty 500
- JAYNECOIND
- +16.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +22.2 pp
Chart stats
19 Oct 2026- From 52W high
- -16.3%
- 52W range position
- 64%
- ATR (14)
- 4.4%
- Volume vs 20D
- 2.72x
- Avg traded value
- ₹40.8 Cr
- 20D price channel
- ₹86.8 - ₹103.9
₹117
₹64.4 - ₹117
₹4.3
Latest completed session
20-session average
41.0% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED65
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +23.2% · PAT +118.9% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model+64.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Excellent · 90/100Rev +23% YoY · PAT +119% YoY · margin expansion · operating leverage
Filed 16 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,194.5 Cr | +23.2% | +4.2% |
| EBITDA | ₹440.1 Cr | +34.6% | +11.2% |
| Operating margin | 20.1% | +206 bps | +128 bps |
| PAT | ₹229.8 Cr | +118.9% | +18.5% |
| PAT margin | 10.5% | +457 bps | +126 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 14.19
- P/B
- 3.27
- EV/EBITDA
- 6.67
- Market Cap
- 9770.10Cr
Profitability
- ROE
- 18.00%
- ROCE
- 20.70%
- ROA
- 9.45%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 23.00%
- Revenue 3Y
- 4.00%
- EPS 3Y
- 20.00%
Balance Sheet
- Debt/Equity
- 0.74
- Interest Coverage
- 3.79×
- Altman Z
- 4.44
- Book Value
- 29.30
Cash Flow
- FCF Yield
- 13.47%
- FCF Positive Y
- 11/5
- OCF
- 1367.00 Cr
- EPS TTM
- 7.09
Shareholding
- Promoter Hold
- 55.15%
- Promoter Pledge
- 99.90%
- Momentum 52W
- 60%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 2,194+4.2% vs prev
Net Profit
₹ CrLatest: 230+18.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 58. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.7% over last month) — short-term momentum negative.
- RSI(14) at 58 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 16% off 52W high · 52% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
78
RS percentile
Stage 2 UptrendRecent S2
1M return
+9.8%
3M return
+16.6%
6M return
+0.7%
1Y return
+24.9%
RS 1D
+1
RS 20D
+5
Sector rank
#2
Industry rank
-
Stage evidence
- Price is 5.7% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +2.7%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
12 Oct 2026
S2 age
6 trading sessions
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 146.58-1.62%
RS vs Nifty 500147
Valuation & peers
U-Score 65 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 65 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation16/30
Growth18/25
Quality14/20
Balance Sheet3/15
Cash Flow9/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
65
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
65/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 13.5%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 64.8%.
Main drags
- Promoter pledge is 99.9%.
- Balance sheet is weaker at 3/15; verify the latest quarterly trend.
- Valuation is weaker at 16/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
14.2
PB
3.3
EV/EBITDA
6.7
ROE
18.0%
ROCE
20.7%
FCF Yield
13.5%
Debt/Equity
0.7
MoS
+64.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Earnings growth is much stronger than revenue growth; verify sustainability.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
65
Previous: 65
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+64.8%
Previous: +64.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
66
66
66
66
66
66
66
66
65
65
65
65
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹68.37
-43.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹278.64
+64.8% MoS
PEG
0.65
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
JAIBALAJI
Micro
Jai Balaji Industries Limited
Steel
match 72
66
20.4
30.7%
+37%
UNDERVALUED
MUKANDLTD
Small
Mukand Limited
Steel
match 62
56
4.2
5.6%
+89%
FAIR VALUE
SAIL
Mid
Steel Authority of India Limited
Steel
match 50
42
14.6
6.6%
-140%
WATCHLIST
JSWSTEEL
Large
JSW Steel Limited
Steel
match 50
41
23.8
10.2%
-25%
WATCHLIST
TATASTEEL
Large
Tata Steel Limited
Steel
match 50
39
18.4
11.7%
-1%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Jayaswal Neco Industries Limited operates in Steel, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Sept 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 14th percentile within Industrials. Main check: balance sheet trust is weak at 39/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
9 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Industrials: 14th pctile, median 68 · Micro: 11th pctile, median 73
Evidence depth
Financial-only
9 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
43
weak · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
39
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 55.2%.
- ▸FCF yield is 5.7%.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoters have pledged 99.9% of holding.
- ▸Debt/equity is 1.94.
- ▸Interest coverage is 1.1x.
- ▸ROCE is low at 2.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Jayaswal Neco Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement Under Regulation 30 1 Oct - Financial closure achieved for 1.50 MnTPA pellet plant expansion at Siltara; project cost Rs. 720 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Sep - Company clarified DATASEL S.R.L. is not JNIL’s subsidiary and has no transactions.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug - Newspaper Publication - Notice of Annual General Meeting
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.