Jayaswal Neco Industries Ltd

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NSEBSE

59.50-0.55 (-0.92%)

12:00 AM,23rd Feb 2024

59.44-0.68 (-1.13%)

12:00 AM,23rd Feb 2024

BSE : 522285

NSE : JAYNECOIND

Sector : Metals & Mining

ISIN Code : INE854B01010

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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)

5777

Turnover (₹ Cr)

0.12

Volume (Shares)

197755

Face Value

10

52-WK High

65.40

52-WK High Date

12 Feb 2024

52-WK Low

20.15

52-WK Low Date

29 Mar 2023

All Time High

83.50

All Time High Date

18 Jan 2008

All Time Low

1.60

All Time Low Date

28 Nov 2001

Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Limited (Formerly Jayaswals Neco Limited) was incorporated on Nov' 28 1972. Nagpur Engineering Company (NECO) the flagship of the NECO Group is presently promoted by Nisha Jayaswal Rita Jayaswal Basant Lall Shaw and Arvind Kumar Jayaswal. The Company has manufacturing facilities located in States of Chhattisgarh and Maharashtra and is primarily engaged in manufacture and supply of Pig Iron Sponge Iron Pellet Steel and Iron & Steel Castings.Commercial operations commenced in 1976 to manufacture cast iron pipes and fittings by setting up the first foundry at Nagpur. It specialised in the manufacture of grey iron castings for railway tracks such as sleepers brake blocks bearing plates and municipal/public works castings such as soil/rain water pipes and fittings manhole covers etc.In 1987 the second foundry unit was established at Bhilai MP. With a further increase in demand the third unit was established in Anjore MP in 1991.To diversify its activities NECO purchased a newly erected solvent extraction plant with a crushing capacity of 200 tcd and refining capacity of 25 tpd in Mar.'93. This was subsequently enhanced to 500 tcd and 50 tpd respectively. The company came out with a public issue in Dec.'94 to fund the expansion-cum-modernisation.In 1995-96 the company proposed to set up a coal washery project in the Chhindwara district of Madhya Pradesh with a capital outlay of Rs 41 cr.During the year ended Dec'96 the company has approved the scheme of Amalgamation of Nagpur Alloy Castings Ltd along with Jayaswals Neco Ltd into the company w.e.f 1st Apr'96.The company has been granted ISO 9002 Certification during the year 1998-1999 for Engineering Castings Division Centricast Division and Steel Plant Division. A new Subsidiary Company NECO GLOBAL INC. has been formed in the State of Texas USA inorder to offer better services to the customers and also to expand export market further.Inertia Iron and Steel Industries Private Limited (IISIPL) Corporate Ispat Alloys Limited (CIAL) and Abhijeet Infrastructure Limited (AIL) merged with Company in November 2008 through Schemes of Arrangement which was made operational effective from the Appointed Dates viz. 31st March 2008 1st April 2008 and 1st April 2008 respectively. Upon transfer of the Assets and Liabilities of the Transferor and Demerged companies pursuant to the Schemes the following major facilities became the integral part of the Integrated Steel Plant of the Company at Raipur including Sinter Plants of 8 Lac TPA capacity; Steel Melt Shop of 3.34 Lac TPA capacity; Bar and Wire Rod Rolling Mills of 4.5 Lac TPA capacity; Sponge Iron Plants of 2.55 Lac TPA capacity and Captive Power Plants of 27 MW capacity. The Company commenced production in Wire Rod Mill as well as Bar Mill during the year 2010.During the year 2011 Ispat Alloys Limited got merged with Company for demerger of its Steel Division at Siltara Raipur through Scheme of Arrangement effective from 1st April 2008. The Company set up 12 Lacs TPA Iron Ore Pelletisation Plant in the existing Integrated Steel Plant Complex at Raipur in 2015. The Company commenced implementation of various facilities in the States of Chhattisgarh and Jharkhand. It had also undertaken need based additional revamping and modification schemes to achieve smooth operations of some of the existing facilities at Raipur and enhanced capacity of the Automotive Casting Division in Nagpur.During the period 2016-17 the Company had sold its investment held in its subsidiary Jayaswal Neco Urja th Limited (JNUL) and thus JNUL ceased to be the subsidiary of the Company w.e.f. 28 November 2016.

Jayaswal Neco Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

5777

EPS - TTM (₹) [S]

2.20

P/E Ratio (X) [S]

2.66

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]22.41
P/B Ratio (₹) [S]2.66
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Power & Infra Fund (G) 2.69 3265360 0.13
Nippon India Power & Infra Fund (Bonus) 2.69 3265360 0.13
Nippon India Power & Infra Fund - Direct (G) 2.69 3265360 0.13

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

59.10

61.40

Week Low/High

58.00

65.00

Month Low/High

45.40

65.00

Year Low/High

20.15

65.00

All time Low/High

1.70

84.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.49%-3.25%1.290.78%
1 Month27.44%27.27%4.244.59%
3 Month20.32%20.20%11.1212.17%
6 Month107.53%106.96%12.1114.24%
1 Year162.11%162.11%23.0726.85%
3 Year743.97%750.00%47.4551.03%

Company Info

Company Information

Chairman Emeritus : Basant Lall Shaw

Executive Chairman : Arbind Jayaswal

Managing Director : Ramesh Jayaswal

Independent Non Exe. Director : BK Agrawal

Independent Non Exe. Director : Ashwini Kumar

Independent Non Exe. Director : Manoj B Shah

Independent Non Exe. Director : Kumkum Rathi

Executive Director & COO : Megh Pal Singh

Independent Non Exe. Director : Vinod Kumar Kathuria

Independent Non Exe. Director : R P Mohanka

Non Executive Director / Nomin : Davinder Chugh

Non Executive Director / Nomin : Atul Gupta

Company Sec. & Compli. Officer : ASHISH SRIVASTAVA

Additional Director & E D : Sangram K. Swain

Registered Office: F/8 MIDC Industrial Area, Hingna Road,Nagpur,Maharashtra-440016 Ph: 91-07104-237276/237471/237472

Email:contact@necoindia.com

URL:http://www.necoindia.com