Jayaswal NECO IndustriesBOM:522285 +5.37%56 Quick Ratio is 0.58 as of Mar. 2026, which is 100% above its 10-year median of 0.29. GuruFocus rates BOM:522285 with a GF Score™ of 56/100 and a GF Value™ of ₹56.42 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 635 Steel companies, Jayaswal NECO Industries ranks worse than 76.69% on this metric.
Jayaswal NECO Industries has a quick ratio of 0.58. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Jayaswal NECO Industries's Quick Ratio or its related term are showing as below:
BOM:522285'
s Quick Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 1.24
Current: 0.58
During the past 13 years, Jayaswal NECO Industries's highest Quick Ratio was 1.24. The lowest was 0.12. And the median was 0.29.
BOM:522285's Quick Ratio is ranked worse than 76.69% of 635
companies
in the Steel industry
Industry Median: 1.02
vs BOM:522285: 0.58
Jayaswal NECO Industries (BOM:522285) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Jayaswal NECO Industries Quick Ratio Related Terms
Jayaswal NECO Industries Quick Ratio Historical Data
* 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.
BOM:522285 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Jayaswal NECO Industries's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jayaswal NECO Industries Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Jayaswal NECO Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jayaswal NECO Industries's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Jayaswal NECO Industries's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (BOM:522285) has a Quick Ratio of 0.58 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jayaswal NECO Industries and its competitors. This is 100% above median its historical median of 0.29. Over the past decade, Jayaswal NECO Industries' Quick Ratio has ranged from 0.12 to 1.24. According to the industry distribution chart, Jayaswal NECO Industries ranks #487 out of 635 companies in the Steel industry, placing it in the top 76.7%.
Is Jayaswal NECO Industries' Quick Ratio too high?
Jayaswal NECO Industries' current Quick Ratio of 0.58 is 100% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.24. The Steel industry median Quick Ratio is 1.02. Jayaswal NECO Industries' value of 0.58 is 43.1% below this industry median. Based on the distribution chart, Jayaswal NECO Industries ranks #487 out of 635 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Jayaswal NECO Industries has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jayaswal NECO Industries' Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Jayaswal NECO Industries ranks #487 out of 635 companies for Quick Ratio. This places Jayaswal NECO Industries in the lower half of its industry. The industry median Quick Ratio is 1.02. Jayaswal NECO Industries' value of 0.58 is 43.1% below this benchmark. Historically, Jayaswal NECO Industries' own Quick Ratio has ranged from 0.12 to 1.24 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.02, Jayaswal NECO Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jayaswal NECO Industries's current Quick Ratio of 0.58 is 43.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jayaswal NECO Industries and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jayaswal NECO Industries's current Quick Ratio is 0.58, which is 100% above median its own 10-year median of 0.29. 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 ₹56.42, compared to a current price of ₹90.23 — trading 59.9% above its estimated fair value. The current Quick Ratio is 0.58, which is 100% above median its 10-year median of 0.29 and 43.1% below the Steel industry median of 1.02. Jayaswal NECO Industries' overall GF Score™ is 56/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Jayaswal NECO Industries (BOM:522285), the current Quick Ratio is 0.58 as of Mar. 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 ₹90.23 is trading 59.9% above its estimated GF Value™ of ₹56.42.
GuruFocus considers Jayaswal NECO Industries to be Significantly Overvalued.
Key valuation signals for BOM:522285:
Quick Ratio: 0.58 (100% above median its 10-year median of 0.29)
GF Value™: ₹56.42 vs. price of ₹90.23 (59.9% above fair value)
Industry Position: 43.1% below the Steel median (#487 of 635)
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 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.
56GF Score
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