Indian (NIFTY) Steel Industry Analysis
UpdatedMay 28, 2022
DataAggregated Company Financials
Companies132
- 7D-11.5%
- 3M-6.2%
- 1Y-7.9%
- YTD-11.3%
Over the last 7 days, the Steel industry has dropped 11%, driven by JSW Steel declining 13%. On the other hand Rajratan Global Wire is actually up 5.3%. The industry has fallen 7.9% in the last year. In the next few years, earnings are forecast to decline by 16% annually.
Industry Valuation and Performance
Has the Indian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 29 May 2022 | ₹5.3t | ₹7.5t | ₹1.1t | 12.4x |
| Tue, 26 Apr 2022 | ₹6.5t | ₹7.1t | ₹1.1t | 12.7x |
| Thu, 24 Mar 2022 | ₹6.6t | ₹7.4t | ₹1.1t | 12.4x |
| Sat, 19 Feb 2022 | ₹6.0t | ₹7.4t | ₹1.1t | 11.6x |
| Mon, 17 Jan 2022 | ₹6.3t | ₹6.8t | ₹1.1t | 14x |
| Wed, 15 Dec 2021 | ₹6.1t | ₹6.8t | ₹1.1t | 10.2x |
| Fri, 12 Nov 2021 | ₹6.3t | ₹6.5t | ₹946.8b | 10.7x |
| Sun, 10 Oct 2021 | ₹6.3t | ₹6.1t | ₹805.7b | 11x |
| Tue, 07 Sep 2021 | ₹6.4t | ₹6.1t | ₹802.1b | 10.6x |
| Thu, 05 Aug 2021 | ₹7.0t | ₹6.1t | ₹803.1b | 11.7x |
| Sun, 09 May 2021 | ₹5.6t | ₹5.1t | ₹414.5b | 10.4x |
| Wed, 10 Feb 2021 | ₹3.3t | ₹4.6t | ₹192.9b | 12.3x |
| Tue, 03 Nov 2020 | ₹2.8t | ₹4.4t | ₹37.5b | 11.9x |
| Fri, 07 Aug 2020 | ₹2.3t | ₹4.3t | ₹41.7b | 9.9x |
| Thu, 30 Apr 2020 | ₹1.9t | ₹4.8t | ₹137.3b | 8.2x |
| Sun, 02 Feb 2020 | ₹2.7t | ₹5.0t | ₹169.0b | 9.7x |
| Wed, 06 Nov 2019 | ₹2.4t | ₹5.1t | ₹238.8b | 8.4x |
| Sat, 10 Aug 2019 | ₹2.5t | ₹5.3t | ₹214.0b | 8.5x |
Median PE Ratio
10.2x
Current Industry PE
- Investors are relatively neutral on the 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 10.4x.
- Future earnings are expected to decline by 16% which could cause market valuations to fall.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 61% per year over the last three years.
- Revenues for these companies have grown 13% 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 | -0.87% | |
| Materials | -4.80% | |
| Metals and Mining | -7.88% | |
| Steel | -11.46% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -0.74% | |
| Copper | -3.64% | |
| Aluminum | -4.85% | |
| Gold | -6.32% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 517522 Rajratan Global Wire | ₹699.10 | 5.3% +₹1.8b | 246.3% | PS28.5x | |
| 530655 Goodluck India | ₹294.70 | 12.4% +₹843.9m | 196.2% | PS13x | |
| 534748 Steel Exchange India | ₹151.15 | 3.3% +₹422.8m | 160.2% | PS11.4x | |
| 513446 JSW Ispat Special Products | ₹30.90 | 2.8% +₹399.1m | -40.9% | PS973.8x | |
| 531845 Zenith Steel Pipes & Industries | ₹8.75 | 27.2% +₹266.1m | 674.3% | PS16.6x |