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Indian (NIFTY) Steel Industry Analysis

UpdatedJun 21, 2024
DataAggregated Company Financials
Companies149
  • 7D1.3%
  • 3M19.3%
  • 1Y67.5%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 1.3%, driven by gains from JSW Steel of 1.8%. This takes the industry's 12 month performance to a gain of 68%. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Jun 2024₹12.3t₹8.4t₹368.9b24.7x33.3x1.5x
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
Sun, 06 Nov 2022₹6.1t₹8.3t₹812.7b12.8x7.5x0.7x
Tue, 04 Oct 2022₹5.7t₹8.2t₹1.0t12.3x5.6x0.7x
Thu, 01 Sep 2022₹5.9t₹8.2t₹1.0t12.8x5.9x0.7x
Sat, 30 Jul 2022₹5.6t₹8.1t₹1.1t12.4x5.3x0.7x
Mon, 27 Jun 2022₹4.9t₹7.8t₹1.1t11.2x4.3x0.6x
Wed, 25 May 2022₹5.3t₹7.4t₹1.1t11.9x4.6x0.7x
Fri, 22 Apr 2022₹6.8t₹7.1t₹1.1t13x6.3x1x
Sun, 20 Mar 2022₹6.4t₹7.4t₹1.1t12.4x5.6x0.9x
Tue, 15 Feb 2022₹6.0t₹7.4t₹1.2t11.6x5.2x0.8x
Thu, 13 Jan 2022₹6.1t₹6.8t₹1.1t13.4x5.7x0.9x
Sat, 11 Dec 2021₹6.1t₹6.8t₹1.1t10.1x5.7x0.9x
Mon, 08 Nov 2021₹6.4t₹6.5t₹944.3b11.2x6.8x1x
Wed, 06 Oct 2021₹6.4t₹6.1t₹805.7b10.9x7.9x1x
Fri, 03 Sep 2021₹6.5t₹6.1t₹803.7b10.1x8.1x1.1x
Sun, 01 Aug 2021₹6.9t₹6.1t₹803.1b11.5x8.6x1.1x
Price to Earnings Ratio

7.7x


Total Market Cap: ₹6.2tTotal Earnings: ₹803.1bTotal Revenue: ₹6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 14.1x202220232024
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 33.3x which is higher than its 3-year average PE of 14.1x.
  • The 3-year average PS ratio of 0.94x 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 23% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market0.90%
Materials2.03%
Metals and Mining0.88%
Steel1.28%
Diversified Metals and Mining0.29%
Aluminum0.049%
Precious Metals and Minerals0%
Silver0%
Copper-0.64%
Gold-1.33%
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₹935.801.8%
+₹39.2b
25.4%PE25.8x
RKFORGE Ramkrishna Forgings₹899.1020.7%
+₹27.8b
109.3%PE47.6x
JINDALSTEL Jindal Steel & Power₹1.08k2.4%
+₹25.3b
89.4%PE18.5x
533758 APL Apollo Tubes₹1.64k5.5%
+₹23.9b
22.7%PE62.3x
GALLANTT Gallantt Ispat₹361.3514.4%
+₹10.9b
531.7%PE38.7x
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Latest News

RKFORGE

₹899.10

Ramkrishna Forgings

7D

20.7%

1Y

109.3%

500228

₹935.80

JSW Steel

7D

1.8%

1Y

25.4%

GPIL

₹1,135.50

Godawari Power & Ispat

7D

5.3%

1Y

140.3%

JSL

₹791.10

Jindal Stainless

7D

-2.6%

1Y

143.6%

500470

₹179.85

Tata Steel

7D

-1.7%

1Y

64.1%

504614

₹226.25

Sarda Energy & Minerals

7D

-4.1%

1Y

67.6%

533286

₹520.25

MOIL

7D

-2.1%

1Y

218.3%

539006

₹13,491.55

PTC Industries

7D

-8.3%

1Y

198.6%

532144

₹516.15

Welspun

7D

-4.2%

1Y

96.9%

533758

₹1,644.35

APL Apollo Tubes

7D

5.5%

1Y

22.7%

520111

₹3,531.60

Ratnamani Metals & Tubes

7D

3.8%

1Y

51.5%