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Indian (NIFTY) Steel Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies155
- 7D-2.8%
- 3M-4.0%
- 1Y21.5%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.8%, driven by Tata Steel declining 3.3%. In the past year, the industry has gained 21%. Earnings are forecast to grow by 39% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ₹11.2t | ₹8.4t | ₹390.2b | 23.7x | 28.6x | 1.3x |
| Fri, 18 Oct 2024 | ₹12.0t | ₹8.4t | ₹360.4b | 24.8x | 33.3x | 1.4x |
| Sun, 15 Sep 2024 | ₹12.1t | ₹8.5t | ₹361.8b | 24.5x | 33.3x | 1.4x |
| Tue, 13 Aug 2024 | ₹11.5t | ₹8.4t | ₹360.6b | 23.7x | 31.9x | 1.4x |
| Thu, 11 Jul 2024 | ₹12.1t | ₹8.5t | ₹370.5b | 24x | 32.7x | 1.4x |
| Sat, 08 Jun 2024 | ₹11.8t | ₹8.4t | ₹382.4b | 22.9x | 31x | 1.4x |
| Mon, 06 May 2024 | ₹11.6t | ₹8.5t | ₹423.9b | 24x | 27.4x | 1.4x |
| Wed, 03 Apr 2024 | ₹10.9t | ₹8.4t | ₹419.9b | 22.5x | 26x | 1.3x |
| Fri, 01 Mar 2024 | ₹10.3t | ₹8.4t | ₹419.9b | 23.3x | 24.6x | 1.2x |
| Sun, 28 Jan 2024 | ₹10.3t | ₹8.7t | ₹407.4b | 23.6x | 25.3x | 1.2x |
| Tue, 26 Dec 2023 | ₹10.0t | ₹8.7t | ₹351.4b | 22.2x | 28.5x | 1.2x |
| Thu, 23 Nov 2023 | ₹9.8t | ₹8.7t | ₹351.3b | 20.8x | 28x | 1.1x |
| Sat, 21 Oct 2023 | ₹8.9t | ₹8.6t | ₹345.1b | 19x | 25.9x | 1x |
| Mon, 18 Sep 2023 | ₹9.1t | ₹8.6t | ₹339.0b | 17.9x | 26.8x | 1.1x |
| Wed, 16 Aug 2023 | ₹8.3t | ₹8.6t | ₹340.4b | 16.4x | 24.5x | 1x |
| Fri, 14 Jul 2023 | ₹7.9t | ₹8.5t | ₹390.8b | 15.5x | 20.1x | 0.9x |
| Sun, 11 Jun 2023 | ₹7.2t | ₹8.5t | ₹394.5b | 15x | 18.2x | 0.8x |
| Tue, 09 May 2023 | ₹7.0t | ₹8.3t | ₹428.7b | 14.7x | 16.3x | 0.8x |
| Thu, 06 Apr 2023 | ₹6.6t | ₹8.4t | ₹517.1b | 13.9x | 12.9x | 0.8x |
| Sat, 04 Mar 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 13.5x | 12.9x | 0.8x |
| Mon, 30 Jan 2023 | ₹6.8t | ₹8.4t | ₹669.0b | 13.2x | 10.1x | 0.8x |
| Wed, 28 Dec 2022 | ₹6.6t | ₹8.4t | ₹721.3b | 13x | 9.1x | 0.8x |
| Fri, 25 Nov 2022 | ₹6.3t | ₹8.4t | ₹721.3b | 12.7x | 8.7x | 0.8x |
| Sun, 23 Oct 2022 | ₹5.8t | ₹8.3t | ₹923.4b | 12.7x | 6.3x | 0.7x |
| Tue, 20 Sep 2022 | ₹6.0t | ₹8.2t | ₹1.0t | 13x | 6x | 0.7x |
| Thu, 18 Aug 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.3x | 5.9x | 0.7x |
| Sat, 16 Jul 2022 | ₹5.1t | ₹7.8t | ₹1.1t | 12.3x | 4.5x | 0.6x |
| Mon, 13 Jun 2022 | ₹5.4t | ₹7.8t | ₹1.1t | 11.4x | 4.7x | 0.7x |
| Wed, 11 May 2022 | ₹6.0t | ₹7.4t | ₹1.1t | 12x | 5.3x | 0.8x |
| Fri, 08 Apr 2022 | ₹6.8t | ₹7.1t | ₹1.1t | 13x | 6.3x | 1x |
| Sun, 06 Mar 2022 | ₹6.1t | ₹7.4t | ₹1.1t | 12x | 5.3x | 0.8x |
| Tue, 01 Feb 2022 | ₹5.9t | ₹7.0t | ₹1.1t | 13x | 5.4x | 0.8x |
| Thu, 30 Dec 2021 | ₹6.0t | ₹6.8t | ₹1.1t | 11.3x | 5.6x | 0.9x |
| Sat, 27 Nov 2021 | ₹5.8t | ₹6.8t | ₹1.1t | 9.9x | 5.4x | 0.8x |
Price to Earnings Ratio
5.4x
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 28.6x which is higher than its 3-year average PE of 17.5x.
- The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.1% 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 | -1.80% | |
| Materials | -2.02% | |
| Metals and Mining | -2.08% | |
| Steel | -2.75% | |
| Aluminum | 0.039% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -1.19% | |
| Copper | -2.15% | |
| Gold | -5.79% | |
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 | |
|---|---|---|---|---|---|
| 500228 JSW Steel | ₹947.70 | 1.2% +₹28.3b | 23.4% | PE46.2x | |
| 539006 PTC Industries | ₹11.69k | 5.0% +₹8.3b | 112.4% | PE388.8x | |
| 517146 Usha Martin | ₹394.15 | 7.2% +₹8.1b | 20.2% | PE28.1x | |
| JINDALSAW Jindal Saw | ₹300.95 | 4.3% +₹7.9b | 32.2% | PE9.7x | |
| SHYAMMETL Shyam Metalics and Energy | ₹821.80 | 3.2% +₹7.1b | 83.5% | PE27.3x |
