Jayaswal Neco Industries Ltd

Jayaswal Neco Industries Ltd (JAYNECOIND)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-1.24 %
3 Month Return0.63 %
1 Year Return37.75 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 20
Rank 20
Rank 14
Dividend Yield
Rank 9
Rank 33
Price To Book Ratio
Debt To Asset
Rank 6

Company Information

Incorporated as a private limited company and converted into a public limited company in Nov.85 Nagpur Engineering Company NECO the flagship of the NECO group was promoted by Basant Lall Shaw and Arvind Kumar Jayaswal. Company is lead by Basant Lall Shaw as chairman and Arbind Jayaswal as managing director.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 expansioncummodernisation.In 199596 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 Dec96 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 Apr96.The company has been granted ISO 9002 Certification during the year 19981999 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.
OrganisationJayaswal Neco Industries Ltd
IndustryCastings, Forgings & Fastners