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Indian (NIFTY) Steel Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies171
  • 7D2.0%
  • 3M2.9%
  • 1Y13.0%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.1%, driven by a pullback from PTC Industries of 5.8%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

Has the Indian Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026₹13.2t₹9.1t₹489.8b20.4x27x1.5x
Sun, 22 Feb 2026₹13.8t₹9.1t₹489.5b21.5x28.2x1.5x
Tue, 20 Jan 2026₹13.3t₹8.9t₹448.8b22.2x29.6x1.5x
Thu, 18 Dec 2025₹12.4t₹8.7t₹447.1b21.7x27.7x1.4x
Sat, 15 Nov 2025₹13.0t₹8.7t₹428.9b23.1x30.2x1.5x
Mon, 13 Oct 2025₹13.0t₹8.5t₹405.3b24x32.2x1.5x
Wed, 10 Sep 2025₹12.7t₹8.5t₹405.1b23.8x31.2x1.5x
Fri, 08 Aug 2025₹12.3t₹8.5t₹397.9b22.3x30.8x1.4x
Sun, 06 Jul 2025₹12.3t₹8.4t₹362.1b23.5x33.9x1.5x
Tue, 03 Jun 2025₹11.7t₹8.4t₹360.8b22.2x32.5x1.4x
Thu, 01 May 2025₹11.0t₹8.4t₹359.6b20.8x30.5x1.3x
Sat, 29 Mar 2025₹11.4t₹8.4t₹359.6b19.8x31.7x1.4x
Mon, 24 Feb 2025₹10.9t₹8.4t₹359.6b21.3x30.2x1.3x
Wed, 22 Jan 2025₹11.2t₹8.4t₹387.0b24x29x1.3x
Fri, 20 Dec 2024₹11.6t₹8.3t₹386.0b26.2x30.2x1.4x
Sun, 17 Nov 2024₹11.1t₹8.4t₹390.2b23.7x28.5x1.3x
Tue, 15 Oct 2024₹12.4t₹8.5t₹362.0b24.8x34.2x1.5x
Thu, 12 Sep 2024₹11.7t₹8.5t₹361.8b24.1x32.3x1.4x
Sat, 10 Aug 2024₹11.4t₹8.4t₹361.0b24.1x31.6x1.4x
Mon, 08 Jul 2024₹12.4t₹8.5t₹369.8b24.2x33.5x1.5x
Wed, 05 Jun 2024₹10.8t₹8.4t₹384.0b21x28.1x1.3x
Fri, 03 May 2024₹11.6t₹8.5t₹423.4b23.9x27.5x1.4x
Sun, 31 Mar 2024₹10.3t₹8.4t₹419.9b21x24.6x1.2x
Tue, 27 Feb 2024₹10.4t₹8.4t₹419.9b23.6x24.9x1.2x
Thu, 25 Jan 2024₹10.2t₹8.7t₹360.0b23.2x28.4x1.2x
Sat, 23 Dec 2023₹10.0t₹8.7t₹351.4b22.2x28.5x1.2x
Mon, 20 Nov 2023₹9.2t₹8.7t₹351.6b20.3x26.1x1.1x
Wed, 18 Oct 2023₹9.0t₹8.6t₹338.4b19.2x26.6x1x
Fri, 15 Sep 2023₹9.1t₹8.6t₹339.1b18.1x26.9x1.1x
Sun, 13 Aug 2023₹8.5t₹8.6t₹338.2b16.7x25x1x
Tue, 11 Jul 2023₹7.8t₹8.5t₹390.8b15.2x20x0.9x
Thu, 08 Jun 2023₹7.1t₹8.5t₹394.6b15.1x18.1x0.8x
Sat, 06 May 2023₹7.0t₹8.3t₹428.6b14.5x16.3x0.8x
Mon, 03 Apr 2023₹6.6t₹8.4t₹517.1b13.3x12.9x0.8x
Price to Earnings Ratio

12.9x


Total Market Cap: ₹6.6tTotal Earnings: ₹517.1bTotal Revenue: ₹8.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 28x202420252026
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 28.0x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 and as a result, profits have held steady.

Industry Comparison

How does Indian Steel compare with similar industries?

IN Market1.06%
Materials1.66%
Metals and Mining1.22%
Steel2.02%
Copper2.09%
Diversified Metals and Mining1.44%
Gold-1.30%
Aluminum-3.06%
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?

CompanyLast Price7D1YValuation
500470 Tata Steel₹196.653.2%
+₹76.1b
26.6%PE26.8x
512455 Lloyds Metals and Energy₹1.31k10.3%
+₹68.8b
1.3%PE29.9x
500228 JSW Steel₹1.16k2.2%
+₹59.4b
9.1%PE37.9x
533758 APL Apollo Tubes₹2.00k3.6%
+₹19.1b
30.8%PE48.6x
GPIL Godawari Power & Ispat₹277.3010.6%
+₹17.9b
52.2%PE25.1x

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