Jayaswal Neco Industries Limited (JNIL) is the flagship company of the NECO Group of Industries. Established in 1976 as a small-scale Iron Foundry unit, the company has evolved into a prominent producer of Iron & Steel castings. Jayaswal Neco Industries Limited (formerly Jayaswals Neco Limited) was incorporated on November 28, 1972, and its name was officially changed on September 7, 2007.
From its modest beginnings, JNIL has grown to become a significant player in India's steel manufacturing sector. Nagpur Engineering Company (NECO), the group's flagship entity, is one of the largest manufacturers of iron and steel castings, pipes, and fittings. Commercial operations began in 1976 with the establishment of the first foundry at Nagpur for manufacturing cast iron pipes and fittings.
The Company is actively engaged in the manufacturing and supply of a diverse range of products, including billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings. Its operations encompass the production of alloy steels such as wire rods, bars, and bright bars, alongside steel billets, pig iron/skull, sponge iron, pellets, and iron & steel castings. The manufacturing facilities are strategically located in the states of Chhattisgarh and Maharashtra.
JNIL's extensive product portfolio extends to:
- Steel Plant Products
- Automotive Components
- Construction Components
- Engineering Components
- Fabrication Products
- NSSL Valves & Services
- Refractory Products
- Defense Equipments
This broad spectrum of offerings positions Jayaswal Neco as a comprehensive solution provider catering to a wide array of industrial sectors.
The company is currently promoted by Nisha Jayaswal, Rita Jayaswal, Basant Lall Shaw, and Arvind Kumar Jayaswal. Basant Lall Shaw serves as the Chairperson. This experienced leadership team has been pivotal in steering the company's growth and expansion across its various business segments.
Jayaswal Neco Industries has demonstrated a remarkable improvement in its financial performance in recent quarters. For the quarter ended March 2025, the company reported a net profit of ₹101.64 crore, marking a substantial increase of 4906.90% compared to ₹2.03 crore in the corresponding quarter of the previous year (March 2024). Sales also saw a healthy rise of 18.69% to ₹1,675.27 crore in the quarter ended March 2025, up from ₹1,411.43 crore in the March 2024 quarter.
- Revenue: ₹1,675.27 Cr (as of March 2025, Q4 FY25)
- Net Profit: ₹101.64 Cr (as of March 2025, Q4 FY25)
- Earnings Per Share (EPS): ₹1.05
- Operating Profit Margin: 20.39% (highest recorded in the last five quarters)
For the full financial year ended March 2025, the company's net profit declined by 46.34% to ₹112.68 crore, compared to ₹209.98 crore in the previous fiscal year (FY24). However, sales showed a marginal increase of 1.12%, reaching ₹5,999.73 crore in FY25 from ₹5,933.55 crore in FY24.
- Current Market Capitalisation: ₹3,781.07 Cr
- Stock Exchange Listings: NSE and BSE
- Stock Symbol: JAYNECOIND
- Listing Date: May 10, 1995
- 52-Week High: ₹55.5
- 52-Week Low: ₹28
- 6-Month Performance: Decreased by 7.94%
- 1-Year Performance: Decreased by 24.78%
- Promoter Holding: 55.2%
- Promoters increased their shareholding from 49.48% to 54.47% on December 26, 2023.
- Important Note: Promoters have pledged or encumbered 96.7% of their holding.
Jayaswal Neco Industries Limited has undertaken several strategic mergers and expansions to strengthen its market position:
- In November 2008, Inertia Iron and Steel Industries Private Limited (IISIPL), Corporate Ispat Alloys Limited (CIAL), and Abhijeet Infrastructure Limited (AIL) merged with the Company through Schemes of Arrangement.
- A new subsidiary company, "NECO GLOBAL INC.", was established in the State of Texas, USA. This initiative aims to enhance customer service and expand the company's export market reach.
Jayaswal Neco Industries Limited stands as a leading Indian manufacturer of iron and specialty steel products, with a firm commitment to quality, innovation, and sustainability. The company actively pursues environmental responsibility through initiatives such as:
- Installation of Fume Extraction and Dedusting Systems.
- Planting over 600,000 trees.
- Development of an Oxy-zone.
These efforts underscore the company's dedication to fostering a greener and cleaner future.
JNIL serves a diverse range of industries, including automotive, construction, engineering, and railways, solidifying its position as a key player within India's manufacturing ecosystem. With its robust operational foundation and a strategic focus on sustainable growth, Jayaswal Neco Industries continues to be a significant contributor to India's industrial development.
