Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Dec 20
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Indian (NIFTY) Steel Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies156
- 7D-5.7%
- 3M-4.9%
- 1Y15.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 5.7%, driven by JSW Steel declining 8.3%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ₹11.5t | ₹8.3t | ₹386.0b | 25.4x | 29.7x | 1.4x |
| Tue, 19 Nov 2024 | ₹11.2t | ₹8.4t | ₹390.2b | 23.3x | 28.7x | 1.3x |
| Thu, 17 Oct 2024 | ₹12.2t | ₹8.4t | ₹360.4b | 24.7x | 33.8x | 1.4x |
| Sat, 14 Sep 2024 | ₹12.1t | ₹8.5t | ₹361.8b | 24.5x | 33.3x | 1.4x |
| Mon, 12 Aug 2024 | ₹11.4t | ₹8.4t | ₹360.6b | 23.7x | 31.7x | 1.4x |
| Wed, 10 Jul 2024 | ₹12.3t | ₹8.5t | ₹370.5b | 24.4x | 33.1x | 1.4x |
| Fri, 07 Jun 2024 | ₹11.6t | ₹8.4t | ₹382.4b | 21.9x | 30.3x | 1.4x |
| Sun, 05 May 2024 | ₹11.6t | ₹8.5t | ₹423.9b | 24x | 27.4x | 1.4x |
| Tue, 02 Apr 2024 | ₹10.8t | ₹8.4t | ₹419.9b | 22.5x | 25.6x | 1.3x |
| Thu, 29 Feb 2024 | ₹10.2t | ₹8.4t | ₹419.9b | 23.2x | 24.3x | 1.2x |
| Sat, 27 Jan 2024 | ₹10.3t | ₹8.7t | ₹407.1b | 24.3x | 25.4x | 1.2x |
| Mon, 25 Dec 2023 | ₹10.0t | ₹8.7t | ₹351.4b | 22.2x | 28.5x | 1.2x |
| Wed, 22 Nov 2023 | ₹9.3t | ₹8.7t | ₹351.3b | 20.8x | 26.4x | 1.1x |
| Fri, 20 Oct 2023 | ₹9.1t | ₹8.6t | ₹340.8b | 19.3x | 26.7x | 1.1x |
| Sun, 17 Sep 2023 | ₹9.1t | ₹8.6t | ₹339.0b | 17.9x | 26.8x | 1.1x |
| Tue, 15 Aug 2023 | ₹8.3t | ₹8.6t | ₹338.8b | 16.4x | 24.6x | 1x |
| Thu, 13 Jul 2023 | ₹7.9t | ₹8.5t | ₹390.8b | 15.3x | 20.1x | 0.9x |
| Sat, 10 Jun 2023 | ₹7.2t | ₹8.5t | ₹394.5b | 15.2x | 18.2x | 0.8x |
| Mon, 08 May 2023 | ₹7.0t | ₹8.3t | ₹428.7b | 14.5x | 16.3x | 0.8x |
| Wed, 05 Apr 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.4x | 12.9x | 0.8x |
| Fri, 03 Mar 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.4x | 12.7x | 0.8x |
| Sun, 29 Jan 2023 | ₹6.8t | ₹8.4t | ₹668.9b | 13.2x | 10.1x | 0.8x |
| Tue, 27 Dec 2022 | ₹6.1t | ₹8.4t | ₹721.3b | 13x | 8.5x | 0.7x |
| Thu, 24 Nov 2022 | ₹6.3t | ₹8.4t | ₹721.3b | 12.6x | 8.8x | 0.8x |
| Sat, 22 Oct 2022 | ₹5.8t | ₹8.2t | ₹1.0t | 12.4x | 5.8x | 0.7x |
| Mon, 19 Sep 2022 | ₹6.0t | ₹8.2t | ₹1.0t | 13x | 6x | 0.7x |
| Wed, 17 Aug 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.4x | 5.9x | 0.7x |
| Fri, 15 Jul 2022 | ₹5.1t | ₹7.8t | ₹1.1t | 12.3x | 4.5x | 0.7x |
| Sun, 12 Jun 2022 | ₹5.4t | ₹7.8t | ₹1.1t | 11x | 4.7x | 0.7x |
| Tue, 10 May 2022 | ₹6.2t | ₹7.4t | ₹1.1t | 12x | 5.6x | 0.8x |
| Thu, 07 Apr 2022 | ₹6.9t | ₹7.1t | ₹1.1t | 12.7x | 6.4x | 1x |
| Sat, 05 Mar 2022 | ₹6.1t | ₹7.4t | ₹1.1t | 12x | 5.3x | 0.8x |
| Mon, 31 Jan 2022 | ₹5.8t | ₹7.0t | ₹1.1t | 13.3x | 5.4x | 0.8x |
| Wed, 29 Dec 2021 | ₹6.0t | ₹6.8t | ₹1.1t | 10.5x | 5.6x | 0.9x |
Price to Earnings Ratio
5.6x
Current Industry PE
- Investors are optimistic on the Indian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.7x which is higher than its 3-year average PE of 18.2x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.9% per year.
- This means that although more sales are being generated, 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 | -4.25% | |
| Materials | -4.92% | |
| Metals and Mining | -5.94% | |
| Steel | -5.72% | |
| Gold | 5.52% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -5.51% | |
| Diversified Metals and Mining | -6.65% | |
| Copper | -7.82% | |
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 | |
|---|---|---|---|---|---|
| 512455 Lloyds Metals and Energy | ₹1.13k | 1.8% +₹10.5b | 84.1% | PE40.4x | |
| 500235 Kalyani Steels | ₹1.17k | 12.0% +₹5.5b | 172.3% | PE20.6x | |
| 531638 Suraj | ₹510.20 | 21.7% +₹1.7b | 184.2% | PE38x | |
| 590078 Maithan Alloys | ₹1.17k | 4.7% +₹1.5b | 2.1% | PE4.1x | |
| 500404 Sunflag Iron and Steel | ₹283.40 | 3.1% +₹1.5b | 34.8% | PE34.6x |