Jayaswal NECO Industries (BOM:522285) Operating Income: ₹11,054 Mil (TTM As of Jun. 2026)

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BOM:522285 Jayaswal NECO Industries Ltd BOM:522285
62 GF Score
Price ₹88.48
GF Value ₹61.64
Valuation Significantly Overvalued
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What is Jayaswal NECO Industries Operating Income?

Jayaswal NECO Industries BOM:522285 -2.54% 62 Operating Income is ₹11,054 Mil as of Jun. 2026. GuruFocus rates BOM:522285 with a GF Score™ of 62/100 and a GF Value™ of ₹61.64 (Significantly Overvalued).

Jayaswal NECO Industries's Operating Income for the three months ended in Jun. 2026 was ₹3,188 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹11,054 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jayaswal NECO Industries's Operating Income for the three months ended in Jun. 2026 was ₹3,188 Mil. Jayaswal NECO Industries's Revenue for the three months ended in Jun. 2026 was ₹21,066 Mil. Therefore, Jayaswal NECO Industries's Operating Margin % for the quarter that ended in Jun. 2026 was 15.13%.

Good Sign:

Jayaswal NECO Industries Ltd operating margin is expanding. Margin expansion is usually a good sign.

Jayaswal NECO Industries's 5-Year average Growth Rate for Operating Margin % was 1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jayaswal NECO Industries's annualized ROC % for the quarter that ended in Jun. 2026 was 17.70%. Jayaswal NECO Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 29.79%.


Jayaswal NECO Industries  (BOM:522285) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Jayaswal NECO Industries's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=12750.4 * ( 1 - 26.81% )/( (52732.2 + 0)/ 1 )
=9332.01776/52732.2
=17.70 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=59701.4 - 4242.4 - ( 2726.8 - max(0, 17108.9 - 23790.3+2726.8))
=52732.2

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Jayaswal NECO Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13220/( ( (32557.7 + max(11824.1, 0)) + (0 + max(0, 0)) )/ 1 )
=13220/( ( 44381.8 + 0 )/ 1 )
=13220/44381.8
=29.79 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4690 + 13951.7 + 2417.9) - (4242.4 + 0 + 4993.1)
=11824.1

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Jayaswal NECO Industries's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=3187.6/21065.6
=15.13 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Jayaswal NECO Industries Operating Income Related Terms


Jayaswal NECO Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Jayaswal NECO Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jayaswal NECO Industries Operating Income Chart

Jayaswal NECO Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,700.17 5,546.80 7,686.41 6,529.50 10,265.80

Jayaswal NECO Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,399.20 2,512.70 2,345.80 3,008.10 3,187.60
BOM:522285
62GF Score
Jayaswal NECO Industries Ltd BOM:522285
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Jayaswal NECO Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹11,054 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹11,054 Mil mean?
Jayaswal NECO Industries (BOM:522285) has a Operating Income of ₹11,054 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jayaswal NECO Industries and its competitors.
Is Jayaswal NECO Industries' Operating Income too high?
Jayaswal NECO Industries' current Operating Income is ₹11,054 Mil. Overall, Jayaswal NECO Industries has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jayaswal NECO Industries' Operating Income compare to NUE and STLD?
Jayaswal NECO Industries' Operating Income of ₹11,054 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Steel company?
A good Operating Income depends on the Steel industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jayaswal NECO Industries and its competitors. Jayaswal NECO Industries's current Operating Income is ₹11,054 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jayaswal NECO Industries stock overvalued right now?
Based on GuruFocus' analysis, Jayaswal NECO Industries (BOM:522285) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹61.64, compared to a current price of ₹88.48 — trading 43.5% above its estimated fair value. The current Operating Income is ₹11,054 Mil. Jayaswal NECO Industries' overall GF Score™ is 62/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Jayaswal NECO Industries (BOM:522285), the current Operating Income is ₹11,054 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Jayaswal NECO Industries (BOM:522285) Overvalued in 2026?

Based on GuruFocus' analysis, Jayaswal NECO Industries stock appears to be overvalued. The current stock price of ₹88.48 is trading 43.5% above its estimated GF Value™ of ₹61.64. GuruFocus considers Jayaswal NECO Industries to be Significantly Overvalued.

Key valuation signals for BOM:522285:

  • Operating Income: ₹11,054 Mil
  • GF Value™: ₹61.64 vs. price of ₹88.48 (43.5% above fair value)
  • GF Score™: 62/100

No single metric tells the full story. See the BOM:522285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jayaswal NECO Industries Business Description

Other Exchanges JAYNECOIND:India
Address D-3/1, Central MIDC Road, Hingna MIDC Industrial Area, Nagpur, MH, IND, 440016
Jayaswal NECO Industries Ltd is engaged in the manufacture and supply of pig iron, sponge iron, pellet, steel, and Iron and steel casting. It specializes in the manufacture and supply of graded steels made in the form of billets, blooms and slabs from virgin metal. The company supplies steel in cast, rolled, wire, annealed, and bright bar forms catering to the demands of various engineering, industrial, construction, automotive, power, and railway industries. Its product-wise operating segments are Steel which derives key revenue, Iron and Steel Castings, and Others. Geographically, the company caters to both Indian and international markets of which, a majority of its revenue is generated from its business in India.
62GF Score

Get the complete analysis for BOM:522285

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹88.48
Price
₹61.64
GF Value