Calculating The Intrinsic Value Of Jindal Steel Limited (NSE:JINDALSTEL)
Jan 31
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Indian (NIFTY) Steel Industry Analysis
UpdatedJan 30, 2026
DataAggregated Company Financials
Companies171
- 7D4.5%
- 3M2.1%
- 1Y23.7%
- YTDn/a
Over the last 7 days, the Steel industry has risen 4.2%, driven by gains from Tata Steel of 6.9%. This means that the industry has gained 22% over the past year. Earnings are forecast to grow by 33% 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 |
|---|---|---|---|---|---|---|
| Sat, 31 Jan 2026 | ₹13.7t | ₹8.9t | ₹466.7b | 21.4x | 29.4x | 1.5x |
| Mon, 29 Dec 2025 | ₹12.7t | ₹8.7t | ₹445.2b | 23.2x | 28.5x | 1.4x |
| Wed, 26 Nov 2025 | ₹12.3t | ₹8.7t | ₹447.2b | 22.4x | 27.6x | 1.4x |
| Fri, 24 Oct 2025 | ₹12.8t | ₹8.5t | ₹415.1b | 23.8x | 30.9x | 1.5x |
| Sun, 21 Sep 2025 | ₹12.9t | ₹8.5t | ₹405.2b | 24.4x | 31.8x | 1.5x |
| Tue, 19 Aug 2025 | ₹12.2t | ₹8.5t | ₹405.3b | 23.2x | 30.1x | 1.4x |
| Thu, 17 Jul 2025 | ₹12.2t | ₹8.4t | ₹361.8b | 23.8x | 33.6x | 1.4x |
| Sat, 14 Jun 2025 | ₹11.8t | ₹8.4t | ₹361.0b | 22.5x | 32.8x | 1.4x |
| Mon, 12 May 2025 | ₹10.7t | ₹8.4t | ₹347.0b | 20x | 30.7x | 1.3x |
| Wed, 09 Apr 2025 | ₹10.4t | ₹8.4t | ₹359.5b | 19.3x | 28.8x | 1.2x |
| Fri, 07 Mar 2025 | ₹11.1t | ₹8.4t | ₹359.5b | 20.7x | 30.8x | 1.3x |
| Sun, 02 Feb 2025 | ₹10.9t | ₹8.3t | ₹357.8b | 23x | 30.5x | 1.3x |
| Tue, 31 Dec 2024 | ₹11.3t | ₹8.3t | ₹386.0b | 25.1x | 29.2x | 1.4x |
| Thu, 28 Nov 2024 | ₹11.5t | ₹8.3t | ₹386.0b | 24.6x | 29.8x | 1.4x |
| Sat, 26 Oct 2024 | ₹11.2t | ₹8.5t | ₹360.6b | 24.3x | 31.1x | 1.3x |
| Mon, 23 Sep 2024 | ₹12.1t | ₹8.5t | ₹361.9b | 24.7x | 33.3x | 1.4x |
| Wed, 21 Aug 2024 | ₹11.6t | ₹8.5t | ₹361.8b | 24.1x | 32.2x | 1.4x |
| Fri, 19 Jul 2024 | ₹12.0t | ₹8.5t | ₹370.6b | 24.4x | 32.4x | 1.4x |
| Sun, 16 Jun 2024 | ₹12.2t | ₹8.4t | ₹367.0b | 23.9x | 33.2x | 1.4x |
| Tue, 14 May 2024 | ₹11.2t | ₹8.5t | ₹425.8b | 22.4x | 26.3x | 1.3x |
| Thu, 11 Apr 2024 | ₹11.2t | ₹8.4t | ₹419.9b | 23.9x | 26.7x | 1.3x |
| Sat, 09 Mar 2024 | ₹10.7t | ₹8.4t | ₹419.9b | 22.1x | 25.5x | 1.3x |
| Mon, 05 Feb 2024 | ₹10.6t | ₹8.7t | ₹424.3b | 24.3x | 25x | 1.2x |
| Wed, 03 Jan 2024 | ₹10.4t | ₹8.7t | ₹351.4b | 22.9x | 29.5x | 1.2x |
| Fri, 01 Dec 2023 | ₹9.4t | ₹8.7t | ₹351.3b | 20.9x | 26.7x | 1.1x |
| Sun, 29 Oct 2023 | ₹8.6t | ₹8.7t | ₹386.0b | 17.8x | 22.3x | 1x |
| Tue, 26 Sep 2023 | ₹8.8t | ₹8.6t | ₹339.0b | 18x | 26x | 1x |
| Thu, 24 Aug 2023 | ₹8.5t | ₹8.6t | ₹340.4b | 16.8x | 24.8x | 1x |
| Sat, 22 Jul 2023 | ₹8.0t | ₹8.5t | ₹390.9b | 15.7x | 20.5x | 0.9x |
| Mon, 19 Jun 2023 | ₹7.4t | ₹8.5t | ₹394.6b | 14.8x | 18.9x | 0.9x |
| Wed, 17 May 2023 | ₹6.9t | ₹8.3t | ₹430.3b | 14.9x | 16x | 0.8x |
| Fri, 14 Apr 2023 | ₹6.8t | ₹8.4t | ₹517.1b | 14.4x | 13.2x | 0.8x |
| Sun, 12 Mar 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 13.5x | 13x | 0.8x |
| Tue, 07 Feb 2023 | ₹6.7t | ₹8.4t | ₹656.4b | 12.9x | 10.2x | 0.8x |
Price to Earnings Ratio
10.2x
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 27.2x.
- 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 11% 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 | 0.30% | |
| Materials | 2.67% | |
| Metals and Mining | 7.43% | |
| Steel | 4.47% | |
| Copper | 42.38% | |
| Gold | 20.13% | |
| Aluminum | 10.45% | |
| Diversified Metals and Mining | 9.47% | |
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 | ₹1.21k | 3.8% +₹107.4b | 28.5% | PE39.8x | |
| JINDALSTEL Jindal Steel | ₹1.13k | 6.4% +₹69.8b | 43.0% | PE42.1x | |
| 500470 Tata Steel | ₹193.10 | 3.0% +₹69.3b | 43.4% | PE35.4x | |
| JSL Jindal Stainless | ₹822.55 | 10.3% +₹63.1b | 25.9% | PE23.1x | |
| 526371 NMDC | ₹81.15 | 6.2% +₹41.8b | 22.8% | PE10.2x |
