Analysis published 26 Apr 2026

AI-generated · cited to primary sources · not investment advice

Jayaswal Neco (522285) Jan 2026 Filing Analysis

01 · Management Credibility

Does management do what it says?

MetNet Working Capital Days
85/100

The company successfully redeemed the earlier NCDs aggregating to Rs. 2,271 Crores on 12th December, 2025, using internal accruals and proceeds from a fresh issuance of lower-cost NCDs. (1 met across 1 tracked commitment)

On 12th December, 2025, the Company redeemed the earlier NCDs aggregating to Rs. 2271 Crores from its internal accruals and out of the proceeds of fresh allotment of 12.50%... Non-Convertible Debentures.

Jayaswal Neco · Investor PPT · Jan 2026 · p.40

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03 · Future Growth

Where does growth come from?

Conversion Margin per Tonne

Margins have shown a significant acceleration on a nine-month basis, rising from 14% to 19%, indicating much higher operational efficiency. (1 accelerating across 1 signal)

EBIDTA to Net Sales 9M FY’26: 19% vs 9M FY’25: 14%

Jayaswal Neco · Investor PPT · Jan 2026 · p.44

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