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Indian (NIFTY) Steel Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies166
  • 7D3.0%
  • 3M4.0%
  • 1Y7.3%
  • YTDn/a

Over the last 7 days, the Steel industry has remained flat, although notably JSW Steel gained 5.6%. As for the the longer term, the industry is up 8.2% over the past 12 months. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025₹12.7t₹8.7t₹447.2b22.7x28.3x1.4x
Thu, 30 Oct 2025₹13.4t₹8.5t₹413.1b24.3x32.4x1.6x
Sat, 27 Sep 2025₹12.7t₹8.5t₹405.4b23.4x31.3x1.5x
Mon, 25 Aug 2025₹12.3t₹8.5t₹405.3b23.9x30.3x1.4x
Wed, 23 Jul 2025₹12.3t₹8.4t₹376.4b23.4x32.7x1.5x
Fri, 20 Jun 2025₹11.6t₹8.4t₹361.0b22.1x32.1x1.4x
Sun, 18 May 2025₹11.8t₹8.4t₹352.9b22.5x33.3x1.4x
Tue, 15 Apr 2025₹10.6t₹8.4t₹359.5b19.5x29.5x1.3x
Thu, 13 Mar 2025₹11.0t₹8.4t₹359.5b19.9x30.5x1.3x
Sat, 08 Feb 2025₹11.1t₹8.4t₹363.8b22.5x30.5x1.3x
Mon, 06 Jan 2025₹11.7t₹8.3t₹386.0b25.7x30.2x1.4x
Wed, 04 Dec 2024₹11.9t₹8.3t₹386.1b26.3x30.8x1.4x
Fri, 01 Nov 2024₹11.5t₹8.4t₹333.6b24.3x34.5x1.4x
Sun, 29 Sep 2024₹12.5t₹8.4t₹360.1b24.6x34.6x1.5x
Tue, 27 Aug 2024₹12.0t₹8.5t₹363.6b24x33x1.4x
Thu, 25 Jul 2024₹11.7t₹8.5t₹355.7b24.6x32.9x1.4x
Sat, 22 Jun 2024₹12.3t₹8.4t₹369.0b24.3x33.3x1.5x
Mon, 20 May 2024₹11.8t₹8.5t₹402.0b23.3x29.4x1.4x
Wed, 17 Apr 2024₹11.0t₹8.4t₹419.9b22.8x26.2x1.3x
Fri, 15 Mar 2024₹9.8t₹8.4t₹419.9b20.7x23.4x1.2x
Sun, 11 Feb 2024₹10.4t₹8.4t₹413.7b23.9x25.1x1.2x
Tue, 09 Jan 2024₹10.1t₹8.7t₹351.4b22.5x28.8x1.2x
Thu, 07 Dec 2023₹9.6t₹8.7t₹351.4b21.6x27.4x1.1x
Sat, 04 Nov 2023₹8.6t₹8.6t₹324.1b18.1x26.5x1x
Mon, 02 Oct 2023₹8.9t₹8.6t₹339.1b18.5x26.3x1x
Wed, 30 Aug 2023₹8.5t₹8.6t₹338.5b17x25x1x
Fri, 28 Jul 2023₹8.2t₹8.5t₹337.6b15.9x24.3x1x
Sun, 25 Jun 2023₹7.3t₹8.5t₹390.3b14.7x18.8x0.9x
Tue, 23 May 2023₹6.8t₹8.5t₹429.8b14.9x15.7x0.8x
Thu, 20 Apr 2023₹6.9t₹8.4t₹516.9b14.4x13.4x0.8x
Sat, 18 Mar 2023₹6.8t₹8.4t₹517.1b13x13.1x0.8x
Mon, 13 Feb 2023₹6.6t₹8.4t₹539.1b13.1x12.3x0.8x
Wed, 11 Jan 2023₹6.8t₹8.4t₹721.3b13.6x9.4x0.8x
Fri, 09 Dec 2022₹6.6t₹8.4t₹721.3b13.1x9.1x0.8x
Price to Earnings Ratio

9.1x


Total Market Cap: ₹6.6tTotal Earnings: ₹721.3bTotal Revenue: ₹8.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 26.2x202320242025
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 26.2x.
  • The 3-year average PS ratio of 1.2x 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 15% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.00%
Materials1.91%
Metals and Mining4.39%
Steel3.05%
Copper8.42%
Diversified Metals and Mining7.82%
Aluminum4.76%
Gold-1.81%
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
500228 JSW Steel₹1.17k5.6%
+₹150.9b		18.1%PE47.3x
500470 Tata Steel₹168.652.0%
+₹41.8b		15.2%PE30.9x
JINDALSTEL Jindal Steel₹1.05k2.6%
+₹27.2b		14.1%PE39x
526371 NMDC₹75.403.9%
+₹24.6b		-2.4%PE9.4x
512455 Lloyds Metals and Energy₹1.22k2.6%
+₹16.6b		16.1%PE35.8x

Latest News

SAIL
₹135.05
Steel Authority of India
7D
2.2%
1Y
13.4%

SAIL: Overseas Mineral Acquisitions Will Shape Profit Margins And Earnings Stability

Analysts have slightly lowered their price target for Steel Authority of India to ₹125.81, a modest decrease that reflects small adjustments in discount rates and future earnings estimates. The outlook for revenue growth and profit margins remains broadly stable.
526371
₹75.40
NMDC
7D
3.9%
1Y
-2.4%

526371: Adjustments To Dividend Plans And Margins Will Guide 2025 Outlook

Analysts have slightly reduced their price target for NMDC from ₹78.25 to ₹77.12, citing nuanced adjustments in the discount rate and future price-to-earnings expectations. What's in the News NMDC's Board Meeting is scheduled for November 14, 2025, at 11:30 Indian Standard Time.
500470
₹168.65
Tata Steel
7D
2.0%
1Y
15.2%

500470: Future Results Will Reflect Environmental Transition Amid Regulatory And Legal Uncertainty

Narrative Update: Tata Steel Analyst Price Target Adjustment Analysts have raised their price target for Tata Steel from ₹177.5 to ₹186.1. This adjustment reflects improved profit margin expectations, even as revenue growth forecasts have been revised slightly lower. What's in the News Tata Steel received a significant demand letter from the Office of Deputy Director of Mines, Jajpur, concerning an alleged chrome ore dispatch shortfall from its Sukinda Chromite Block.
500228
₹1,167.95
JSW Steel
7D
5.6%
1Y
18.1%

500228: Group Reorganization And Joint Ventures Will Shape Near-Term Performance

Narrative Update on JSW Steel: Analyst Price Target Revision Analysts have raised their fair value estimate for JSW Steel from ₹1,159.89 to ₹1,170.33. This reflects a modest upward revision driven by expectations of slightly higher revenue growth and an improved long-term outlook.
MIDHANI
₹321.65
Mishra Dhatu Nigam
7D
-1.7%
1Y
-7.2%

MIDHANI: Recent Large Client Order Will Drive Robust Earnings Ahead

Analysts have raised their price target for Mishra Dhatu Nigam from ₹375 to ₹445, noting updated expectations for earnings, a higher long-term discount rate, and moderated forecasts for revenue growth and profit margin. What's in the News Mishra Dhatu Nigam Limited (MIDHANI) has scheduled a Board Meeting on November 13, 2025, to consider and approve Un-Audited Financial Results for the quarter and half-year ended September 30, 2025, along with several key auditor appointments (company announcement).
SALSTEEL
₹38.75
S.A.L. Steel
7D
-12.4%
1Y
62.3%
JINDALSTEL
₹1,048.00
Jindal Steel
7D
2.6%
1Y
14.1%
GPIL
₹237.63
Godawari Power & Ispat
7D
-0.6%
1Y
23.4%

GPIL: Preferential Allotment And Solar Project Will Shape Measured Outlook

Analysts have raised their price target for Godawari Power & Ispat from ₹210 to ₹275. They cite higher expectations for revenue growth, despite a slight decrease in forecast profit margin and a more conservative discount rate.
KIOCL
₹352.45
KIOCL
7D
4.7%
1Y
-4.4%
538365
₹40.00
Incredible Industries
7D
-11.0%
1Y
-15.8%
518075
₹264.00
Suraj Products
7D
-7.9%
1Y
-46.4%
512455
₹1,222.40
Lloyds Metals and Energy
7D
2.6%
1Y
16.1%

512455: Board Actions And Land Purchase Will Unlock Substantial Upside Ahead

Analysts have increased their price target for Lloyds Metals and Energy from ₹1,627.50 to ₹1,654.00. This change reflects updates to growth estimates and valuation metrics.
504614
₹501.75
Sarda Energy & Minerals
7D
6.1%
1Y
9.8%
GALLANTT
₹590.10
Gallantt Ispat
7D
-0.4%
1Y
62.0%

Getting In Cheap On Gallantt Ispat Limited (NSE:GALLANTT) Is Unlikely

Nov 11
Getting In Cheap On Gallantt Ispat Limited (NSE:GALLANTT) Is Unlikely
544541
₹198.55
Systematic Industries
7D
-5.1%
1Y
n/a
KIRLOSIND
₹3,454.20
Kirloskar Industries
7D
-1.6%
1Y
-28.1%