JAYASWAL NECO IND chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 82.09
Dividend & YieldN/A₹ (N/A)
Beta 1.54
Market capitalization 21.26B
Operating cash flow N/A
ESG Scores unknown

Company description

Jayaswal Neco Industries Limited manufactures and sells steel products, and iron and steel castings in India and internationally. It operates through Steel, Iron and Steel Castings, and Other segments. The company offers pig iron, billets, rolled products, sponge iron, and pellets; and carbon, alloy, spring, leaf, free cutting, cold heading quality and ball bearing steels, and stabilizer bars and coils. It also engages in the mining activities; and provides construction castings products, including cast iron pipes and fittings, and cast iron and ductile iron manhole covers for soil, waste, ventilation, and rainwater use in building drainage systems. In addition, the company offers automotive and engineering castings products. Further, it trades in coal, coke, and PVC pipes. The company serves automotive, power, railways, bearings, structural and fasteners, heavy engineering, refineries, power plants, chemical plants and pipelines, material handling equipment manufacturers, crane manufacturers, sugar crushing mills, and other industries. Jayaswal Neco Industries Limited was founded in 1902 and is based in Nagpur, India.

Sector: Basic Materials - Industry: Steel

Financial Ratios
Quick Ratio0.16
Working Capital0.15
Return On Equity0.41
Debt To Equity-1.38
Fixed Asset Ratio0.08
Fixed Interest Cover0.38

Financial data

Financial Statements

Cashflow Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Change To Liabilities -371.43M 755.81M -546.35M -519.96M
Total Cashflows From Investing Activities 247.95M -134.88M -286M -169.9M
Net Borrowings -1.56B -1.05B -107.24M -1.18B
Total Cash From Financing Activities -2.25B -3.72B -2.84B -1.5B
Change To Operating Activities
Issuance Of Stock 580M
Net Income -4.91B -4.44B -15.04B -5.58B
Change In Cash 591.62M -119.78M 2.31M 2.81B
Effect Of Exchange Rate 9k 1k
Total Cash From Operating Activities 2.6B 3.74B 3.13B 4.48B
Depreciation 2.73B 2.72B 2.76B 2.67B
Change To Account Receivables -1.73B 13.85M 1.74B -1.07B
Other Cashflows From Financing Activities -1.27B -2.67B -2.73B -319.73M
Change To Netincome 5.49B 7.13B 14.41B 9.43B
Capital Expenditures -57.8M -160.11M -342.98M -176.02M

Income Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Research Development
Income Before Tax -5.92B -4.44B -15.04B -5.59B
Net Income -4.91B -4.44B -15.04B -5.58B
Selling General Administrative 2.1B 2.31B 2.38B 2.31B
Gross Profit 14.84B 18.92B 12.96B 17.26B
Ebit 485.94M 2.6B -720.39M 3.46B
Operating Income 485.94M 2.6B -720.39M 3.46B
Interest Expense -6.33B -6.98B -8.54B -9.05B
Income Tax Expense -1.01B -1.6M 5.79M -6.52M
Total Revenue 35.78B 42.27B 36.33B 37.07B
Cost Of Revenue 20.93B 23.35B 23.36B 19.8B
Total Other Income ExpenseNet -6.41B -7.04B -14.32B -9.05B
Net Income From Continuing Ops -4.91B -4.44B -15.04B -5.58B
Net Income Applicable To Common Shares -4.91B -4.44B -15.04B -5.58B

Balance Sheet Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Total Liabilities 56.15B 60.16B 65.68B 72.63B
Total Stockholder Equity 11.5B 7B -8.06B -13.63B
Other Current Liabilities 1.93B 1.83B 1.99B 2.37B
Total Assets 67.65B 67.16B 57.62B 59.01B
Common Stock 6.39B 6.39B 6.39B 6.39B
Other Current Assets 1.24B 1.41B 1.12B 1.67B
Retained Earnings -6.02B -10.52B -25.57B -31.15B
Treasury Stock 1.5B 1.5B 1.48B 1.5B
Cash 798.47M 692.3M 699.69M 3.49B
Total Current Liabilities 30.12B 36.48B 44.35B 53.78B
Other Stockholder Equity 1.5B 1.5B 1.48B 1.5B
Property, Plant, and Equipment 53.59B 51.02B 42.82B 40.3B
Total Current Assets 13.36B 15.45B 14B 17.58B
Net Tangible Assets 11.16B 6.68B -8.48B -14.06B
Net Receivables 5.74B 4.98B 3.63B 3.4B
Accounts Payable 2.8B 3.33B 2.81B 1.79B


Insider Transactions

Here are the insider transactions of stock shares related to JAYASWAL NECO IND:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Apex Spinning Mills Pvt. Ltd.Other at price 0.39 per share.D2021-10-28Promoter2.78M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to JAYASWAL NECO IND. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on JAYASWAL NECO IND

Here is the result of two systematic investment strategies applied to JAYASWAL NECO IND. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on JAYASWAL NECO IND

The following chart shows the equity curve of the two systematic investment strategies applied to JAYASWAL NECO IND:

JAYASWAL NECO IND automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 363.86% on the backtest period.

Performance at glance

Performance

363.86 %

Latent gain

9107.2 ₹

Invested capital

2502.95 ₹

Annualized return

86.63 %
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Momentum strategy results on JAYASWAL NECO IND

This is the result of two momentum investment strategies applied to JAYASWAL NECO IND. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on JAYASWAL NECO IND

The following chart shows all the entries opened by the momentum investment system on JAYASWAL NECO IND:

JAYASWAL NECO IND momentum entries
  • The first momentum investment strategy would give 372.9% of return on JAYASWAL NECO IND. That represents 16694.5₹ of latent gain with 4476.95₹ of employed capital.
  • The second momentum investment strategy would give 350.59% of return on JAYASWAL NECO IND. That represents 13962.55₹ of latent gain with 3982.55₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

372.9 %

Latent gain

16694.5 ₹

Invested capital

4476.95 ₹

Annualized return

1.8 %
Performance at glance (2Q Momentum)

Performance

350.59 %

Latent gain

13962.55 ₹

Invested capital

3982.55 ₹

Annualized return

94.24 %

Momentum equity curve on JAYASWAL NECO IND

The following chart shows the equity curve of the two momentum strategies applied to JAYASWAL NECO IND:

JAYASWAL NECO IND momentum equity

Note: the dividends potentially given by JAYASWAL NECO IND are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on JAYASWAL NECO IND

The following chart shows the employed capital evolution of the two momentum strategies on JAYASWAL NECO IND since the beginning:

JAYASWAL NECO IND

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on JAYASWAL NECO IND

Buy the dip entry openings on JAYASWAL NECO IND

JAYASWAL NECO IND

The performance achieved by the robo-advisor on JAYASWAL NECO IND is 3.97%. That represents 9.9$ of latent gain with 249.15₹ of employed capital. The following chart shows JAYASWAL NECO IND stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of JAYASWAL NECO IND, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

3.97 %

Latent gain

9.9 ₹

Invested capital

249.15 ₹

Annualized return

1.8 %

Equity curve of the strategy applied to JAYASWAL NECO IND

The following chart shows the result of the investment strategy applied to JAYASWAL NECO IND:

JAYASWAL NECO IND

Note: the dividends potentially given by JAYASWAL NECO IND are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on JAYASWAL NECO IND

The following chart shows the employed capital evolution since the beginning of the investment strategy on JAYASWAL NECO IND:

JAYASWAL NECO IND

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on JAYASWAL NECO IND

In this section, I will compare the three previous investment strategies applied to JAYASWAL NECO IND.

Equity curve comparison on JAYASWAL NECO IND

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

JAYASWAL NECO IND investment strategy comparison

Employed capital comparison on JAYASWAL NECO IND

JAYASWAL NECO IND investment comparison

Performance comparison on JAYASWAL NECO IND

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 363.86% 9107.2₹ 2502.95₹ 86.63%
Momentum 1 quarter 372.9% 16694.5₹ 4476.95₹ 94.17%
Momentum 2 quarters 350.59% 13962.55₹ 3982.55₹ 94.24%
Non-directional 3.97% 9.9₹ 249.15₹ 1.8%
Annualized return comparison

Automatic investment

86.63 %

Momentum 1Q

94.24 %

Momentum 2Q

94.24 %

Non-directional

1.8 %

Correlated stocks

Here are the most positively and negatively correlated stocks with JAYASWAL NECO IND:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between JAYASWAL NECO IND and the other stocks. There may be false positives or some missing correlated stocks. If the price of JAYASWAL NECO IND does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name JAYASWAL NECO IND
Country India
City Nagpur
Address F-8, MIDC Industrial Area
Phone 91 71 0423 7276
Website www.necoindia.com
FullTime employees 4056
Industry Steel
Sector Basic Materials
Exchange XNSE
Ticker JAYNECOIND.XNSE
Market

JAYASWAL NECO IND ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown