Jindal Steel & Power (NSE:JINDALSTEL) Has A Pretty Healthy Balance Sheet
Jun 08
Indian (NIFTY) Steel Industry Analysis
UpdatedJun 08, 2023
DataAggregated Company Financials
Companies144
- 7D4.2%
- 3M4.7%
- 1Y24.3%
- YTD0.9%
JSW Steel is up 4.8%, leading the way for the Steel industry, which has gained 2.4%. In the last 12 months, the industry was up 23%. Earnings are forecast to grow by 29% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 08 Jun 2023 | ₹7.1t | ₹8.5t | ₹394.6b | 15.1x | 18.1x | 0.8x |
| Sat, 06 May 2023 | ₹7.0t | ₹8.3t | ₹428.6b | 14.5x | 16.3x | 0.8x |
| Mon, 03 Apr 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.3x | 12.9x | 0.8x |
| Wed, 01 Mar 2023 | ₹6.4t | ₹8.4t | ₹517.5b | 12.8x | 12.4x | 0.8x |
| Fri, 27 Jan 2023 | ₹6.9t | ₹8.4t | ₹669.0b | 13.6x | 10.2x | 0.8x |
| Sun, 25 Dec 2022 | ₹6.1t | ₹8.4t | ₹721.3b | 12.2x | 8.5x | 0.7x |
| Tue, 22 Nov 2022 | ₹6.2t | ₹8.4t | ₹721.4b | 12.1x | 8.5x | 0.7x |
| Thu, 20 Oct 2022 | ₹5.8t | ₹8.2t | ₹1.0t | 12.5x | 5.8x | 0.7x |
| Sat, 17 Sep 2022 | ₹6.0t | ₹8.2t | ₹1.0t | 13x | 6x | 0.7x |
| Mon, 15 Aug 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.5x | 5.9x | 0.7x |
| Wed, 13 Jul 2022 | ₹5.1t | ₹7.8t | ₹1.1t | 11.7x | 4.5x | 0.7x |
| Fri, 10 Jun 2022 | ₹5.4t | ₹7.8t | ₹1.1t | 11.2x | 4.8x | 0.7x |
| Sun, 08 May 2022 | ₹6.4t | ₹7.4t | ₹1.1t | 12.1x | 5.7x | 0.9x |
| Tue, 05 Apr 2022 | ₹6.8t | ₹7.1t | ₹1.1t | 12.7x | 6.3x | 1x |
| Thu, 03 Mar 2022 | ₹6.2t | ₹7.4t | ₹1.1t | 11.8x | 5.4x | 0.8x |
| Sat, 29 Jan 2022 | ₹5.9t | ₹7.0t | ₹1.1t | 13.3x | 5.5x | 0.8x |
| Mon, 27 Dec 2021 | ₹5.9t | ₹6.8t | ₹1.1t | 10.5x | 5.5x | 0.9x |
| Wed, 24 Nov 2021 | ₹6.1t | ₹6.8t | ₹1.1t | 10.2x | 5.7x | 0.9x |
| Fri, 22 Oct 2021 | ₹6.4t | ₹6.1t | ₹818.2b | 11.3x | 7.8x | 1x |
| Sun, 19 Sep 2021 | ₹6.4t | ₹6.1t | ₹804.6b | 10.6x | 8x | 1x |
| Tue, 17 Aug 2021 | ₹6.8t | ₹6.1t | ₹803.1b | 10.7x | 8.5x | 1.1x |
| Tue, 01 Jun 2021 | ₹5.9t | ₹5.1t | ₹414.5b | 11.4x | 14.2x | 1.2x |
| Fri, 05 Mar 2021 | ₹3.8t | ₹4.6t | ₹192.9b | 13.6x | 19.7x | 0.8x |
| Mon, 07 Dec 2020 | ₹3.4t | ₹4.4t | ₹37.5b | 13.2x | 89.8x | 0.8x |
| Thu, 10 Sep 2020 | ₹2.7t | ₹4.3t | ₹41.7b | 11.7x | 64.8x | 0.6x |
Price to Earnings Ratio
50.1x
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 19.4x.
- The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 112% per year over the last three years.
- Revenues for these companies have grown 26% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Steel compare with similar industries?
| IN Market | 1.84% | |
| Materials | 2.74% | |
| Metals and Mining | 3.12% | |
| Steel | 4.20% | |
| Gold | 4.54% | |
| Aluminum | 3.58% | |
| Copper | 1.72% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -0.14% | |
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 | |
|---|---|---|---|---|---|
| 500228 JSW Steel | ₹729.75 | 4.8% +₹79.8b | 26.7% | PE42.3x | |
| 500470 Tata Steel | ₹111.50 | 5.3% +₹69.1b | 2.6% | PE15.6x | |
| 512455 Lloyds Metals and Energy | ₹351.15 | 9.9% +₹16.0b | 150.7% | PS5.2x | |
| JINDALSTEL Jindal Steel & Power | ₹531.50 | 2.8% +₹14.3b | 42.4% | PE17x | |
| JSL Jindal Stainless | ₹308.90 | 5.2% +₹12.6b | 166.4% | PE12x |