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Indian (NIFTY) Steel Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies167
  • 7D-1.3%
  • 3M8.1%
  • 1Y9.8%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.0%, driven by a pullback from JSW Steel of 2.8%. Over the past 12 months, the industry was up 6.9%. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025₹13.1t₹8.6t₹422.3b22.9x30.9x1.5x
Tue, 07 Oct 2025₹13.1t₹8.5t₹405.5b24.4x32.3x1.5x
Thu, 04 Sep 2025₹12.5t₹8.5t₹405.4b24.1x30.9x1.5x
Sat, 02 Aug 2025₹12.0t₹8.5t₹395.5b22.8x30.3x1.4x
Mon, 30 Jun 2025₹12.2t₹8.4t₹361.1b23.5x33.8x1.5x
Wed, 28 May 2025₹11.8t₹8.4t₹354.4b21.7x33.4x1.4x
Fri, 25 Apr 2025₹11.4t₹8.4t₹359.4b20.8x31.6x1.4x
Sun, 23 Mar 2025₹11.6t₹8.4t₹359.6b21.2x32.2x1.4x
Tue, 18 Feb 2025₹10.5t₹8.4t₹359.5b20.2x29.1x1.2x
Thu, 16 Jan 2025₹11.1t₹8.3t₹386.1b23.1x28.6x1.3x
Sat, 14 Dec 2024₹12.2t₹8.3t₹386.0b26.7x31.5x1.5x
Mon, 11 Nov 2024₹11.8t₹8.3t₹391.8b25.6x30.1x1.4x
Wed, 09 Oct 2024₹12.0t₹8.5t₹362.0b23.8x33.2x1.4x
Fri, 06 Sep 2024₹11.8t₹8.5t₹363.6b24.2x32.4x1.4x
Sun, 04 Aug 2024₹11.8t₹8.5t₹360.0b24.7x32.7x1.4x
Tue, 02 Jul 2024₹12.2t₹8.4t₹369.2b24.3x33x1.4x
Thu, 30 May 2024₹11.7t₹8.5t₹394.2b21.8x29.7x1.4x
Sat, 27 Apr 2024₹11.5t₹8.5t₹422.8b24.9x27.3x1.4x
Mon, 25 Mar 2024₹10.3t₹8.4t₹419.9b21.8x24.4x1.2x
Wed, 21 Feb 2024₹10.5t₹8.4t₹419.8b23.6x25x1.2x
Fri, 19 Jan 2024₹10.1t₹8.7t₹356.7b23.2x28.2x1.2x
Sun, 17 Dec 2023₹10.0t₹8.7t₹351.4b22.1x28.5x1.2x
Tue, 14 Nov 2023₹9.0t₹8.7t₹352.0b20.2x25.5x1x
Thu, 12 Oct 2023₹8.9t₹8.6t₹338.4b19.9x26.4x1x
Sat, 09 Sep 2023₹9.1t₹8.6t₹338.8b18.7x26.9x1.1x
Mon, 07 Aug 2023₹8.3t₹8.6t₹338.6b16.6x24.7x1x
Wed, 05 Jul 2023₹7.6t₹8.5t₹390.4b14.7x19.5x0.9x
Fri, 02 Jun 2023₹6.9t₹8.5t₹393.5b14.8x17.4x0.8x
Sun, 30 Apr 2023₹6.9t₹8.3t₹534.8b14.4x12.9x0.8x
Tue, 28 Mar 2023₹6.5t₹8.4t₹517.1b12.9x12.6x0.8x
Thu, 23 Feb 2023₹6.7t₹8.4t₹517.5b13.1x13x0.8x
Sat, 21 Jan 2023₹7.0t₹8.4t₹720.3b14.5x9.7x0.8x
Mon, 19 Dec 2022₹6.5t₹8.4t₹721.3b13.1x9.1x0.8x
Wed, 16 Nov 2022₹6.3t₹8.4t₹739.0b12.7x8.5x0.7x
Price to Earnings Ratio

8.5x


Total Market Cap: ₹6.3tTotal Earnings: ₹739.0bTotal Revenue: ₹8.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 25.8x202320242025
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 30.6x which is higher than its 3-year average PE of 25.8x.
  • 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 17% 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 Market-0.97%
Materials-1.25%
Metals and Mining-1.18%
Steel-1.35%
Diversified Metals and Mining1.72%
Copper-2.10%
Gold-4.39%
Aluminum-5.36%
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
SAIL Steel Authority of India₹141.003.0%
+₹17.1b		19.3%PE22.8x
GALLANTT Gallantt Ispat₹552.855.5%
+₹7.0b		71.5%PE29.5x
512455 Lloyds Metals and Energy₹1.32k1.0%
+₹6.8b		31.0%PE45.4x
JINDALSTEL Jindal Steel₹1.07k0.3%
+₹3.2b		15.3%PE39.8x
SAMBHV Sambhv Steel Tubes₹121.598.2%
+₹2.7b		n/aPE39.1x

Latest News

SAMBHV
₹121.59
Sambhv Steel Tubes
7D
8.2%
1Y
n/a
512455
₹1,317.80
Lloyds Metals and Energy
7D
1.0%
1Y
31.0%
JINDALSAW
₹164.50
Jindal Saw
7D
-6.1%
1Y
-46.4%

JINDALSAW: Financial Results Announcement Will Support Continued Upward Momentum

Analysts have maintained their fair value estimate for Jindal Saw at ₹261.00. This reflects ongoing cautious optimism, despite modest changes in forecast metrics and assumptions.
532144
₹905.90
Welspun
7D
-6.1%
1Y
17.0%

532144: Major US Orders And Middle East Exports Will Drive Global Book Expansion

Analysts have raised Welspun's fair value estimate from ₹1,087 to ₹1,110.25, reflecting updated views on key growth and profitability assumptions. What's in the News The board approved the incorporation of two wholly owned subsidiaries in the United Arab Emirates, intended as investment holding and global marketing entities, subject to regulatory approvals (Board Meeting).
SAIL
₹141.00
Steel Authority of India
7D
3.0%
1Y
19.3%

Steel Authority of India's (NSE:SAIL) Solid Earnings Have Been Accounted For Conservatively

Nov 06
Steel Authority of India's (NSE:SAIL) Solid Earnings Have Been Accounted For Conservatively
KIOCL
₹402.90
KIOCL
7D
-6.5%
1Y
9.3%

KIOCL Limited (NSE:KIOCL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely

Nov 06
KIOCL Limited (NSE:KIOCL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely
539006
₹17,423.90
PTC Industries
7D
0.8%
1Y
50.0%
JINDALSTEL
₹1,069.90
Jindal Steel
7D
0.3%
1Y
15.3%
JSL
₹731.75
Jindal Stainless
7D
-2.9%
1Y
3.0%
500470
₹181.45
Tata Steel
7D
-0.8%
1Y
23.0%
517522
₹478.65
Rajratan Global Wire
7D
10.8%
1Y
-11.9%
533758
₹1,800.10
APL Apollo Tubes
7D
0.5%
1Y
18.6%

533758: Board Decisions And Dividend Will Support Stability Amid Sector Shifts

Narrative Update on APL Apollo Tubes: Analyst Price Target Revision Analysts have raised their price target on APL Apollo Tubes from ₹1,852.06 to ₹1,917.31. This change reflects updated views on the company’s fair value, even though analysts have projected slightly lower revenue growth and a modest decline in profit margin estimates.
526371
₹74.28
NMDC
7D
-2.0%
1Y
-5.4%

526371: Upcoming Results And Dividend Decision Will Shape Outlook Amid Modest Adjustments

Analysts have slightly raised their price target for NMDC from ₹76.6 to ₹77.4. This reflects a modest adjustment based on recent changes to forecasts for revenue growth, profit margin, and valuation multiples. What's in the News NMDC will hold a Board Meeting on October 29, 2025 to consider and approve the unaudited financial results for the quarter ended September 30, 2025 (Board Meeting).
GALLANTT
₹552.85
Gallantt Ispat
7D
5.5%
1Y
71.5%
500228
₹1,171.75
JSW Steel
7D
-2.8%
1Y
17.5%

U.S. Reorganization And New Partnerships Will Drive Long-Term Steel Demand

Analysts have raised their price target for JSW Steel by approximately ₹50 to ₹1,148, based on updated estimates for fair value and slight adjustments in expected growth and profitability metrics. What's in the News JSW Steel has approved a strategic reorganization of its U.S. operations to consolidate business verticals under a single holding company.
GPIL
₹274.65
Godawari Power & Ispat
7D
-3.2%
1Y
35.7%