Makes steel and iron castings through an integrated route, with steel as the dominant business. In FY26, the Steel segment generated Rs 6,643.01 crore (92.6% of segment revenue) with EBIT of Rs 1,042.62 crore, while Iron and Steel Castings contributed Rs 520.43 crore (7.3% of segment revenue) with EBIT of Rs 10.56 crore. Q1 FY27 revenue from operations rose 27.7% YoY to Rs 2,107 crore, with PAT doubling to Rs 194 crore from Rs 93 crore; EBITDA was Rs 407 crore, up 27.5%. Blast furnace capacity was enhanced to 1.00 MnTPA in Q1 FY27. The cost structure is led by materials at 37.2% of revenue and other operating expenses at 36.8%, with depreciation at 4.2% and employees at 5.4%. Secured debt fell to Rs 1,884 crore in Q1 FY27 (with a Rs 160 crore cash sweep), and finance costs dropped 45.1% YoY to Rs 66 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel (93%), Iron and Steel Castings (7%), Others (0%). Cyclical, asset-heavy integrated steelmaker with a smaller castings business.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,959 | 6,343 | 5,934 | 6,000 | 7,132 |
| EBITDA (ex other income) | 3,024 | 731 | 1,008 | 940 | 1,318 |
| margin % | 50.8 | 11.5 | 17.0 | 15.7 | 18.5 |
| Owners' profit | 2,247 | 227 | 210 | 113 | 463 |
| EPS, as reported (₹) | 28.40 | 2.34 | 2.16 | 1.16 | 4.77 |
| ROE % · ROCE % | 122.6 · 51.9 | 11.0 · 23.3 | 9.3 · 14.2 | 4.7 · 13.8 | 16.3 · 24.2 |
| Debt / equity (x) | 2.10 | 1.66 | 1.42 | 1.15 | 0.74 |
| Cash from operations | 860 | 739 | 681 | 1,388 | 1,367 |
| Capex | (30) | (66) | (190) | (244) | (116) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,230 | 1,657 | 1,675 | 1,649 | 1,781 | 1,727 | 1,974 | 2,107 |
| Profit before tax | (45) | 53 | 137 | 125 | 143 | 99 | 236 | 265 |
| Net profit | (34) | 77 | 102 | 93 | 105 | 74 | 191 | 194 |
| EPS (₹) | (0.35) | 0.79 | 1.05 | 0.96 | 1.08 | 0.76 | 1.97 | 2.00 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Steel | 6,643 | 92.6 |
| Iron and Steel Castings | 520 | 7.3 |
| Others | 11 | 0.1 |
| Total, before eliminations | 7,174 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Jayaswal Neco says no undisclosed info behind volume surge | compliance | minimal | — | — |
| 5 Sept 2026 · Paid INR 75.59 lakh fine to BSE for delayed shareholding filing | regulatory legal | medium | — | — |
| 4 Sept 2026 · Clarification on media reports about Italy group entity DATASEL | compliance | low | — | — |
| 21 Aug 2026 · Jayaswal Neco: 53rd AGM notice and e-voting instructions published | compliance | minimal | — | — |
| 20 Aug 2026 · Jayaswal Neco Industries files BRSR for FY 2025-26 | general | low | — | — |
| 20 Aug 2026 · 53rd AGM notice for 12 September 2026 via video conference | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Annual Report FY26 - record revenue, EBITDA and 485% PAT growth | results | high | — | — |
| 1 Aug 2026 · Newspaper clippings filed on SEBI special window for physical shares demat | compliance | minimal | — | — |
| 18 Jul 2026 · Newspaper publication of Q1 FY27 standalone results | compliance | minimal | — | — |
| 17 Jul 2026 · Q1 FY27 results: profit doubles YoY, auditor reappointed for 5 years | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| APL APOLLO TUBES LTD |
| 59,803 |
| 48.6 |
| 11.29 |
| 31.1 |
| 22.7 |
| 26.1 |
| 22.1 |
| 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.5 | 16.2 | 58 of 118 | 51% |
| P/B | 3.1 | 1.7 | 71 of 99 | 29% |
| ROCE | 14.2 | 8.7 | 32 of 120 | 74% |
| ROE | 16.3 | 8.6 | 19 of 114 | 84% |
| Debt / Equity | 0.7 | 0.1 | 100 of 114 | 12% |
| EBITDA margin | 19.3 | 11.0 | 27 of 100 | 74% |
| Revenue growth | 27.7 | 13.7 | 28 of 97 | 72% |
| Profit growth | 108.5 | 29.3 | 27 of 105 | 75% |
| Market cap | 8719 | 247 | 10 of 120 | 92% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
