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Indian (NIFTY) Steel Industry Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies171
- 7D-1.6%
- 3M0.4%
- 1Y14.9%
- YTDn/a
The Steel industry is down 3.2% over the last week with Tata Steel the worst performer, down 2.6%. On the other hand Jindal Saw is actually up 21%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 33% per annum.
Industry Valuation and Performance
Has the Indian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 23 Jan 2026 | ₹13.2t | ₹8.9t | ₹449.1b | 21.6x | 29.3x | 1.5x |
| Sun, 21 Dec 2025 | ₹12.4t | ₹8.7t | ₹447.1b | 22x | 27.6x | 1.4x |
| Tue, 18 Nov 2025 | ₹12.9t | ₹8.7t | ₹447.8b | 23.2x | 28.9x | 1.5x |
| Thu, 16 Oct 2025 | ₹12.9t | ₹8.5t | ₹405.4b | 23.7x | 31.9x | 1.5x |
| Sat, 13 Sep 2025 | ₹12.7t | ₹8.5t | ₹405.1b | 23.9x | 31.3x | 1.5x |
| Mon, 11 Aug 2025 | ₹12.1t | ₹8.5t | ₹396.7b | 23.1x | 30.4x | 1.4x |
| Wed, 09 Jul 2025 | ₹12.2t | ₹8.4t | ₹362.1b | 23.6x | 33.8x | 1.5x |
| Fri, 06 Jun 2025 | ₹11.9t | ₹8.4t | ₹361.0b | 22.3x | 33x | 1.4x |
| Sun, 04 May 2025 | ₹10.9t | ₹8.4t | ₹344.7b | 20.8x | 31.5x | 1.3x |
| Tue, 01 Apr 2025 | ₹11.4t | ₹8.4t | ₹359.6b | 19.8x | 31.7x | 1.4x |
| Thu, 27 Feb 2025 | ₹10.5t | ₹8.4t | ₹359.6b | 20.4x | 29.3x | 1.3x |
| Sat, 25 Jan 2025 | ₹11.1t | ₹8.4t | ₹386.8b | 23.2x | 28.6x | 1.3x |
| Mon, 23 Dec 2024 | ₹11.5t | ₹8.3t | ₹386.0b | 25.4x | 29.7x | 1.4x |
| Wed, 20 Nov 2024 | ₹11.2t | ₹8.4t | ₹390.2b | 23.7x | 28.6x | 1.3x |
| Fri, 18 Oct 2024 | ₹12.0t | ₹8.4t | ₹360.4b | 24.8x | 33.3x | 1.4x |
| Sun, 15 Sep 2024 | ₹12.1t | ₹8.5t | ₹361.8b | 24.5x | 33.3x | 1.4x |
| Tue, 13 Aug 2024 | ₹11.5t | ₹8.4t | ₹360.6b | 23.7x | 31.9x | 1.4x |
| Thu, 11 Jul 2024 | ₹12.1t | ₹8.5t | ₹370.5b | 24x | 32.7x | 1.4x |
| Sat, 08 Jun 2024 | ₹11.8t | ₹8.4t | ₹382.4b | 22.9x | 31x | 1.4x |
| Mon, 06 May 2024 | ₹11.6t | ₹8.5t | ₹423.9b | 24x | 27.4x | 1.4x |
| Wed, 03 Apr 2024 | ₹10.9t | ₹8.4t | ₹419.9b | 22.5x | 26x | 1.3x |
| Fri, 01 Mar 2024 | ₹10.3t | ₹8.4t | ₹419.9b | 23.3x | 24.6x | 1.2x |
| Sun, 28 Jan 2024 | ₹10.3t | ₹8.7t | ₹407.4b | 23.6x | 25.3x | 1.2x |
| Tue, 26 Dec 2023 | ₹10.0t | ₹8.7t | ₹351.4b | 22.2x | 28.5x | 1.2x |
| Thu, 23 Nov 2023 | ₹9.8t | ₹8.7t | ₹351.3b | 20.8x | 28x | 1.1x |
| Sat, 21 Oct 2023 | ₹8.9t | ₹8.6t | ₹345.1b | 19x | 25.9x | 1x |
| Mon, 18 Sep 2023 | ₹9.1t | ₹8.6t | ₹339.0b | 17.9x | 26.8x | 1.1x |
| Wed, 16 Aug 2023 | ₹8.3t | ₹8.6t | ₹340.4b | 16.4x | 24.5x | 1x |
| Fri, 14 Jul 2023 | ₹7.9t | ₹8.5t | ₹390.8b | 15.5x | 20.1x | 0.9x |
| Sun, 11 Jun 2023 | ₹7.2t | ₹8.5t | ₹394.5b | 15x | 18.2x | 0.8x |
| Tue, 09 May 2023 | ₹7.0t | ₹8.3t | ₹428.7b | 14.7x | 16.3x | 0.8x |
| Thu, 06 Apr 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.9x | 12.9x | 0.8x |
| Sat, 04 Mar 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 13.5x | 12.9x | 0.8x |
| Mon, 30 Jan 2023 | ₹6.8t | ₹8.4t | ₹669.0b | 13.2x | 10.1x | 0.8x |
Price to Earnings Ratio
10.1x
Current Industry PE
- Investors are relatively neutral on the Indian Steel industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.1x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 12% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Indian Steel compare with similar industries?
| IN Market | -2.17% | |
| Materials | -1.87% | |
| Metals and Mining | -1.11% | |
| Steel | -1.56% | |
| Gold | 10.96% | |
| Diversified Metals and Mining | 0.61% | |
| Aluminum | -1.45% | |
| Copper | -7.01% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JINDALSTEL Jindal Steel | ₹1.06k | 2.0% +₹21.1b | 20.5% | PE39.5x | |
| 533758 APL Apollo Tubes | ₹2.00k | 3.2% +₹17.0b | 28.2% | PE48.7x | |
| JINDALSAW Jindal Saw | ₹177.72 | 14.9% +₹14.7b | -27.7% | PE10.1x | |
| RKFORGE Ramkrishna Forgings | ₹510.50 | 2.9% +₹2.6b | -36.5% | PE41.7x | |
| 534600 JTL Industries | ₹76.19 | 5.4% +₹1.5b | -27.3% | PE37.7x |
