Jindal Stainless Limited (NSE:JSL) Screens Well But There Might Be A Catch
Jul 26
Indian (NIFTY) Steel Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies153
- 7D-3.6%
- 3M-0.7%
- 1Y41.9%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 3.6%, driven by Godawari Power & Ispat declining 4.2%. This takes the industry's 12 month performance to a gain of 42%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₹11.6t | ₹8.5t | ₹352.3b | 24.4x | 32.9x | 1.4x |
| Sun, 23 Jun 2024 | ₹12.3t | ₹8.4t | ₹369.0b | 24.3x | 33.3x | 1.5x |
| Tue, 21 May 2024 | ₹11.8t | ₹8.5t | ₹402.7b | 23.3x | 29.3x | 1.4x |
| Thu, 18 Apr 2024 | ₹10.9t | ₹8.4t | ₹419.9b | 23.4x | 26.1x | 1.3x |
| Sat, 16 Mar 2024 | ₹9.8t | ₹8.4t | ₹419.9b | 20.9x | 23.3x | 1.2x |
| Mon, 12 Feb 2024 | ₹10.4t | ₹8.4t | ₹413.8b | 23.9x | 25.1x | 1.2x |
| Wed, 10 Jan 2024 | ₹10.2t | ₹8.7t | ₹351.4b | 22.7x | 29x | 1.2x |
| Fri, 08 Dec 2023 | ₹9.6t | ₹8.7t | ₹351.4b | 21.5x | 27.4x | 1.1x |
| Sun, 05 Nov 2023 | ₹8.6t | ₹8.6t | ₹325.0b | 18.2x | 26.5x | 1x |
| Tue, 03 Oct 2023 | ₹8.9t | ₹8.6t | ₹339.1b | 18.5x | 26.3x | 1x |
| Thu, 31 Aug 2023 | ₹8.6t | ₹8.6t | ₹338.5b | 17.4x | 25.3x | 1x |
| Sat, 29 Jul 2023 | ₹8.3t | ₹8.5t | ₹335.1b | 15.8x | 24.7x | 1x |
| Mon, 26 Jun 2023 | ₹7.3t | ₹8.5t | ₹390.3b | 14.7x | 18.8x | 0.9x |
| Wed, 24 May 2023 | ₹6.8t | ₹8.5t | ₹429.9b | 14.7x | 15.9x | 0.8x |
| Fri, 21 Apr 2023 | ₹6.9t | ₹8.4t | ₹516.4b | 14.3x | 13.4x | 0.8x |
| Sun, 19 Mar 2023 | ₹6.8t | ₹8.4t | ₹517.1b | 13x | 13.1x | 0.8x |
| Tue, 14 Feb 2023 | ₹6.6t | ₹8.4t | ₹544.8b | 13.1x | 12.1x | 0.8x |
| Thu, 12 Jan 2023 | ₹6.9t | ₹8.4t | ₹721.3b | 13.7x | 9.5x | 0.8x |
| Sat, 10 Dec 2022 | ₹6.5t | ₹8.4t | ₹721.3b | 13.3x | 9x | 0.8x |
| Mon, 07 Nov 2022 | ₹6.1t | ₹8.3t | ₹812.9b | 12.8x | 7.5x | 0.7x |
| Wed, 05 Oct 2022 | ₹5.8t | ₹8.2t | ₹1.0t | 12.5x | 5.8x | 0.7x |
| Fri, 02 Sep 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.7x | 5.9x | 0.7x |
| Sun, 31 Jul 2022 | ₹5.6t | ₹8.1t | ₹1.1t | 12.6x | 5.3x | 0.7x |
| Tue, 28 Jun 2022 | ₹5.0t | ₹7.8t | ₹1.1t | 11.8x | 4.4x | 0.6x |
| Thu, 26 May 2022 | ₹5.1t | ₹6.5t | ₹1.1t | 11.7x | 4.5x | 0.8x |
| Sat, 23 Apr 2022 | ₹6.7t | ₹7.1t | ₹1.1t | 13x | 6.3x | 0.9x |
| Mon, 21 Mar 2022 | ₹6.4t | ₹7.4t | ₹1.1t | 12.4x | 5.6x | 0.9x |
| Wed, 16 Feb 2022 | ₹6.1t | ₹7.4t | ₹1.1t | 11.6x | 5.3x | 0.8x |
| Fri, 14 Jan 2022 | ₹6.3t | ₹6.8t | ₹1.1t | 13.4x | 5.9x | 0.9x |
| Sun, 12 Dec 2021 | ₹6.1t | ₹6.8t | ₹1.1t | 10.1x | 5.7x | 0.9x |
| Tue, 09 Nov 2021 | ₹6.5t | ₹6.5t | ₹943.4b | 11.3x | 6.9x | 1x |
| Thu, 07 Oct 2021 | ₹6.2t | ₹6.1t | ₹805.7b | 10.9x | 7.7x | 1x |
| Sat, 04 Sep 2021 | ₹6.5t | ₹6.1t | ₹803.7b | 10.1x | 8.1x | 1.1x |
| Mon, 02 Aug 2021 | ₹6.9t | ₹6.1t | ₹803.1b | 11.5x | 8.6x | 1.1x |
Price to Earnings Ratio
8.6x
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 32.9x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 0.96x 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 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 | -1.05% | |
| Materials | -2.25% | |
| Metals and Mining | -4.07% | |
| Steel | -3.65% | |
| Gold | 6.03% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Copper | -3.66% | |
| Diversified Metals and Mining | -4.46% | |
| Aluminum | -5.84% | |
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 | |
|---|---|---|---|---|---|
| 500470 Tata Steel | ₹162.60 | 3.1% +₹60.5b | 34.9% | PS0.9x | |
| 526371 NMDC | ₹238.55 | 4.3% +₹29.0b | 112.0% | PE12.5x | |
| 500228 JSW Steel | ₹900.45 | 1.2% +₹26.6b | 12.0% | PE30x | |
| JINDALSTEL Jindal Steel & Power | ₹972.35 | 2.7% +₹26.5b | 46.2% | PE17.7x | |
| SAIL Steel Authority of India | ₹147.39 | 3.9% +₹23.0b | 59.0% | PE19.9x |
