Earnings Miss: Jindal Steel Limited Missed EPS By 57% And Analysts Are Revising Their Forecasts
Feb 03
Have your own idea? Try our Stock Screener
Indian (NIFTY) Steel Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies172
- 7D2.6%
- 3M-0.6%
- 1Y22.3%
- YTDn/a
Over the last 7 days, the Steel industry has risen 1.6%, driven by gains in JSW Steel and Jindal Steel of 2.5% and 5.8%, respectively. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | ₹13.3t | ₹9.0t | ₹459.4b | 21.2x | 28.9x | 1.5x |
| Thu, 01 Jan 2026 | ₹13.2t | ₹8.7t | ₹445.2b | 23.8x | 29.7x | 1.5x |
| Sat, 29 Nov 2025 | ₹12.6t | ₹8.7t | ₹447.2b | 22.7x | 28.2x | 1.4x |
| Mon, 27 Oct 2025 | ₹12.9t | ₹8.5t | ₹415.1b | 23.9x | 31x | 1.5x |
| Wed, 24 Sep 2025 | ₹13.0t | ₹8.5t | ₹405.4b | 24.3x | 32.1x | 1.5x |
| Fri, 22 Aug 2025 | ₹12.4t | ₹8.5t | ₹405.3b | 23.8x | 30.6x | 1.5x |
| Sun, 20 Jul 2025 | ₹12.3t | ₹8.4t | ₹376.3b | 23.5x | 32.6x | 1.5x |
| Tue, 17 Jun 2025 | ₹11.9t | ₹8.4t | ₹361.0b | 22.5x | 33x | 1.4x |
| Thu, 15 May 2025 | ₹11.5t | ₹8.4t | ₹352.6b | 21.2x | 32.7x | 1.4x |
| Sat, 12 Apr 2025 | ₹10.6t | ₹8.4t | ₹359.5b | 19.5x | 29.5x | 1.3x |
| Mon, 10 Mar 2025 | ₹11.2t | ₹8.4t | ₹359.5b | 20.7x | 31.1x | 1.3x |
| Wed, 05 Feb 2025 | ₹10.8t | ₹8.3t | ₹357.6b | 22.9x | 30.1x | 1.3x |
| Fri, 03 Jan 2025 | ₹11.6t | ₹8.3t | ₹386.0b | 25.6x | 29.9x | 1.4x |
| Sun, 01 Dec 2024 | ₹11.6t | ₹8.3t | ₹386.0b | 26x | 30.1x | 1.4x |
| Tue, 29 Oct 2024 | ₹11.4t | ₹8.4t | ₹336.5b | 24x | 33.9x | 1.4x |
| Thu, 26 Sep 2024 | ₹12.3t | ₹8.4t | ₹360.3b | 24.9x | 34.2x | 1.5x |
| Sat, 24 Aug 2024 | ₹11.8t | ₹8.5t | ₹363.6b | 23.9x | 32.4x | 1.4x |
| Mon, 22 Jul 2024 | ₹11.5t | ₹8.5t | ₹355.7b | 24.3x | 32.4x | 1.4x |
| Wed, 19 Jun 2024 | ₹12.2t | ₹8.4t | ₹368.9b | 23.9x | 33x | 1.4x |
| Fri, 17 May 2024 | ₹11.5t | ₹8.5t | ₹426.0b | 22.7x | 27x | 1.4x |
| Sun, 14 Apr 2024 | ₹11.1t | ₹8.4t | ₹419.9b | 23.5x | 26.4x | 1.3x |
| Tue, 12 Mar 2024 | ₹10.5t | ₹8.4t | ₹419.9b | 21.5x | 25x | 1.2x |
| Thu, 08 Feb 2024 | ₹10.7t | ₹8.4t | ₹415.2b | 24.6x | 25.8x | 1.3x |
| Sat, 06 Jan 2024 | ₹10.2t | ₹8.7t | ₹351.4b | 22.1x | 29.1x | 1.2x |
| Mon, 04 Dec 2023 | ₹9.5t | ₹8.7t | ₹351.3b | 21.1x | 27x | 1.1x |
| Wed, 01 Nov 2023 | ₹8.6t | ₹8.7t | ₹386.4b | 17.6x | 22.2x | 1x |
| Fri, 29 Sep 2023 | ₹8.8t | ₹8.6t | ₹339.1b | 18.3x | 26x | 1x |
| Sun, 27 Aug 2023 | ₹8.3t | ₹8.6t | ₹340.2b | 16.7x | 24.5x | 1x |
| Tue, 25 Jul 2023 | ₹8.0t | ₹8.5t | ₹406.0b | 15.6x | 19.6x | 0.9x |
| Thu, 22 Jun 2023 | ₹7.5t | ₹8.5t | ₹394.6b | 14.8x | 19x | 0.9x |
| Sat, 20 May 2023 | ₹6.8t | ₹8.4t | ₹428.4b | 14.8x | 15.8x | 0.8x |
| Mon, 17 Apr 2023 | ₹6.8t | ₹8.4t | ₹517.2b | 14.5x | 13.2x | 0.8x |
| Wed, 15 Mar 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 12.7x | 12.8x | 0.8x |
| Fri, 10 Feb 2023 | ₹6.7t | ₹8.4t | ₹539.6b | 12.9x | 12.4x | 0.8x |
Price to Earnings Ratio
12.4x
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 27.3x.
- 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 5.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.3% 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 | 0.61% | |
| Materials | -0.56% | |
| Metals and Mining | -0.44% | |
| Steel | 2.58% | |
| Copper | 13.91% | |
| Gold | 6.41% | |
| Aluminum | -1.42% | |
| Diversified Metals and Mining | -7.76% | |
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 | ₹1.15k | 6.4% +₹70.4b | 43.4% | PE59.1x | |
| 512455 Lloyds Metals and Energy | ₹1.17k | 6.1% +₹35.6b | -2.4% | PE34.2x | |
| 526371 NMDC | ₹81.62 | 3.6% +₹24.8b | 27.6% | PE10.2x | |
| 532144 Welspun | ₹809.10 | 12.1% +₹23.0b | 12.3% | PE11x | |
| 533758 APL Apollo Tubes | ₹2.14k | 3.7% +₹21.1b | 48.0% | PE52x |
