Why We're Not Concerned Yet About Mishra Dhatu Nigam Limited's (NSE:MIDHANI) 26% Share Price Plunge
Feb 19
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Indian (NIFTY) Steel Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies158
- 7D0.9%
- 3M-4.2%
- 1Y1.2%
- YTDn/a
The Steel is pretty flat in the last 7 days, but Jindal Steel & Power has stood out, gaining 4.6%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 47% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | ₹10.8t | ₹8.4t | ₹359.6b | 20.7x | 30x | 1.3x |
| Sun, 19 Jan 2025 | ₹11.2t | ₹8.3t | ₹386.3b | 24.3x | 29.1x | 1.3x |
| Tue, 17 Dec 2024 | ₹12.1t | ₹8.3t | ₹386.0b | 26.4x | 31.4x | 1.5x |
| Thu, 14 Nov 2024 | ₹11.1t | ₹8.3t | ₹387.5b | 23.3x | 28.7x | 1.3x |
| Sat, 12 Oct 2024 | ₹12.4t | ₹8.5t | ₹362.0b | 24.8x | 34.2x | 1.5x |
| Mon, 09 Sep 2024 | ₹11.7t | ₹8.5t | ₹363.6b | 24.4x | 32.3x | 1.4x |
| Wed, 07 Aug 2024 | ₹11.2t | ₹8.5t | ₹361.0b | 23.7x | 31.1x | 1.3x |
| Fri, 05 Jul 2024 | ₹12.4t | ₹8.5t | ₹369.7b | 24.3x | 33.5x | 1.5x |
| Sun, 02 Jun 2024 | ₹11.5t | ₹8.4t | ₹383.6b | 21.9x | 30x | 1.4x |
| Tue, 30 Apr 2024 | ₹11.6t | ₹8.5t | ₹423.1b | 24.3x | 27.3x | 1.4x |
| Thu, 28 Mar 2024 | ₹10.2t | ₹8.4t | ₹419.9b | 21.3x | 24.3x | 1.2x |
| Sat, 24 Feb 2024 | ₹10.5t | ₹8.4t | ₹419.8b | 23.4x | 25.1x | 1.2x |
| Mon, 22 Jan 2024 | ₹10.3t | ₹8.7t | ₹359.0b | 24x | 28.7x | 1.2x |
| Wed, 20 Dec 2023 | ₹10.0t | ₹8.7t | ₹351.4b | 22.2x | 28.5x | 1.2x |
| Fri, 17 Nov 2023 | ₹9.1t | ₹8.7t | ₹351.5b | 20.7x | 25.8x | 1x |
| Sun, 15 Oct 2023 | ₹9.0t | ₹8.6t | ₹338.3b | 19.2x | 26.6x | 1x |
| Tue, 12 Sep 2023 | ₹9.2t | ₹8.6t | ₹338.8b | 18.6x | 27.2x | 1.1x |
| Thu, 10 Aug 2023 | ₹8.4t | ₹8.6t | ₹352.6b | 16.7x | 24x | 1x |
| Sat, 08 Jul 2023 | ₹7.7t | ₹8.5t | ₹390.8b | 15.1x | 19.6x | 0.9x |
| Mon, 05 Jun 2023 | ₹7.0t | ₹8.5t | ₹395.1b | 14.8x | 17.6x | 0.8x |
| Wed, 03 May 2023 | ₹6.9t | ₹8.3t | ₹534.5b | 14.3x | 12.9x | 0.8x |
| Fri, 31 Mar 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.2x | 12.7x | 0.8x |
| Sun, 26 Feb 2023 | ₹6.6t | ₹8.4t | ₹517.5b | 13.2x | 12.8x | 0.8x |
| Tue, 24 Jan 2023 | ₹6.9t | ₹8.4t | ₹684.4b | 14.7x | 10.1x | 0.8x |
| Thu, 22 Dec 2022 | ₹6.5t | ₹8.4t | ₹721.3b | 13x | 9x | 0.8x |
| Sat, 19 Nov 2022 | ₹6.2t | ₹8.4t | ₹722.8b | 12.5x | 8.5x | 0.7x |
| Mon, 17 Oct 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.9x | 5.8x | 0.7x |
| Wed, 14 Sep 2022 | ₹6.0t | ₹8.2t | ₹1.0t | 13.4x | 6x | 0.7x |
| Fri, 12 Aug 2022 | ₹5.8t | ₹8.1t | ₹1.0t | 12x | 5.6x | 0.7x |
| Sun, 10 Jul 2022 | ₹5.1t | ₹7.8t | ₹1.1t | 11.9x | 4.5x | 0.6x |
| Tue, 07 Jun 2022 | ₹5.5t | ₹7.8t | ₹1.1t | 11.3x | 4.8x | 0.7x |
| Thu, 05 May 2022 | ₹6.5t | ₹7.1t | ₹1.1t | 12.6x | 6x | 0.9x |
| Sat, 02 Apr 2022 | ₹6.7t | ₹7.1t | ₹1.1t | 12.4x | 6.2x | 0.9x |
| Mon, 28 Feb 2022 | ₹5.7t | ₹7.4t | ₹1.1t | 11.4x | 5x | 0.8x |
Price to Earnings Ratio
5x
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 29.0x which is higher than its 3-year average PE of 19.5x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 32% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% 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 | -0.74% | |
| Materials | -0.40% | |
| Metals and Mining | 1.54% | |
| Steel | 0.93% | |
| Gold | 6.03% | |
| Aluminum | 4.76% | |
| Diversified Metals and Mining | 1.94% | |
| Precious Metals and Minerals | 0% | 0 |
| Silver | 0% | 0 |
| Copper | -0.86% | |
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 & Power | ₹879.30 | 4.6% +₹39.6b | 12.2% | PE21.9x | |
| 526371 NMDC | ₹67.13 | 6.2% +₹34.6b | -15.7% | PE9.1x | |
| 500228 JSW Steel | ₹981.55 | 1.2% +₹28.9b | 18.5% | PE72.5x | |
| 533758 APL Apollo Tubes | ₹1.48k | 7.5% +₹28.6b | 3.9% | PE64.6x | |
| 500470 Tata Steel | ₹138.00 | 1.3% +₹22.5b | -5.4% | PE63.1x |