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Indian (NIFTY) Steel Industry Analysis

UpdatedApr 18, 2025
DataAggregated Company Financials
Companies157
  • 7D8.1%
  • 3M-1.5%
  • 1Y-0.3%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 8.1%, driven by gains in JSW Steel and Tata Steel of 6.4% and 7.8%, respectively. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Apr 2025₹11.0t₹8.4t₹359.5b19.9x30.7x1.3x
Mon, 17 Mar 2025₹10.9t₹8.4t₹359.5b19.5x30.3x1.3x
Wed, 12 Feb 2025₹10.5t₹8.4t₹363.7b21.9x29x1.3x
Fri, 10 Jan 2025₹11.3t₹8.3t₹386.0b24.5x29.2x1.4x
Sun, 08 Dec 2024₹12.1t₹8.3t₹386.0b27x31.3x1.4x
Tue, 05 Nov 2024₹11.5t₹8.4t₹333.6b24.6x34.5x1.4x
Thu, 03 Oct 2024₹12.7t₹8.5t₹361.9b24.7x35.1x1.5x
Sat, 31 Aug 2024₹11.9t₹8.5t₹363.6b24.2x32.7x1.4x
Mon, 29 Jul 2024₹11.9t₹8.5t₹352.7b25.3x33.6x1.4x
Wed, 26 Jun 2024₹12.2t₹8.4t₹369.2b24.8x33x1.4x
Fri, 24 May 2024₹12.0t₹8.5t₹402.0b22.3x29.8x1.4x
Sun, 21 Apr 2024₹11.0t₹8.4t₹419.9b23.2x26.3x1.3x
Tue, 19 Mar 2024₹10.0t₹8.4t₹419.9b20.7x23.9x1.2x
Thu, 15 Feb 2024₹10.2t₹8.4t₹413.7b23.2x24.6x1.2x
Sat, 13 Jan 2024₹10.3t₹8.7t₹351.0b23.8x29.3x1.2x
Mon, 11 Dec 2023₹9.7t₹8.7t₹351.4b21.3x27.5x1.1x
Wed, 08 Nov 2023₹8.8t₹8.6t₹324.6b19.2x27x1x
Fri, 06 Oct 2023₹8.9t₹8.6t₹339.2b18.5x26.3x1x
Sun, 03 Sep 2023₹8.9t₹8.6t₹338.8b18x26.3x1x
Tue, 01 Aug 2023₹8.4t₹8.5t₹335.0b16.3x25.2x1x
Thu, 29 Jun 2023₹7.5t₹8.5t₹390.3b14.8x19.1x0.9x
Sat, 27 May 2023₹6.8t₹8.4t₹397.2b14.8x17.2x0.8x
Mon, 24 Apr 2023₹6.8t₹8.4t₹516.4b14.4x13.2x0.8x
Wed, 22 Mar 2023₹6.7t₹8.4t₹517.1b13.3x12.9x0.8x
Fri, 17 Feb 2023₹6.8t₹8.4t₹517.5b13.3x13x0.8x
Sun, 15 Jan 2023₹7.0t₹8.4t₹721.5b13.5x9.6x0.8x
Tue, 13 Dec 2022₹6.6t₹8.4t₹721.3b13.1x9.1x0.8x
Thu, 10 Nov 2022₹6.1t₹8.4t₹811.0b12.6x7.5x0.7x
Sat, 08 Oct 2022₹6.0t₹8.2t₹1.0t12.8x6x0.7x
Mon, 05 Sep 2022₹5.8t₹8.2t₹1.0t13x5.8x0.7x
Wed, 03 Aug 2022₹5.7t₹8.1t₹1.0t12.3x5.4x0.7x
Fri, 01 Jul 2022₹4.9t₹7.8t₹1.1t11.9x4.4x0.6x
Sun, 29 May 2022₹5.3t₹7.5t₹1.1t12.4x4.7x0.7x
Tue, 26 Apr 2022₹6.5t₹7.1t₹1.1t12.7x6.1x0.9x
Price to Earnings Ratio

6.1x


Total Market Cap: ₹6.5tTotal Earnings: ₹1.1tTotal Revenue: ₹7.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 20.8x202320242025
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 30.7x which is higher than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 1.1x 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 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.6% 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 Market6.50%
Materials7.00%
Metals and Mining8.34%
Steel8.05%
Diversified Metals and Mining9.65%
Aluminum7.62%
Copper7.07%
Gold3.84%
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?

CompanyLast Price7D1YValuation
JINDALSTEL Jindal Steel & Power₹881.709.4%
+₹77.6b
-4.9%PE22x
512455 Lloyds Metals and Energy₹1.29k7.4%
+₹46.4b
77.8%PE44.1x
500470 Tata Steel₹137.152.8%
+₹46.2b
-15.4%PE62.7x
500228 JSW Steel₹1.01k1.7%
+₹40.3b
16.4%PE74.4x
526371 NMDC₹65.904.8%
+₹26.3b
-16.1%PE8.9x
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Latest News

534600

₹72.41

JTL Industries

7D

-3.1%

1Y

-29.9%

VSSL

₹207.89

Vardhman Special Steels

7D

-0.4%

1Y

-15.8%

526371

₹65.90

NMDC

7D

4.8%

1Y

-16.1%

500470

₹137.15

Tata Steel

7D

2.8%

1Y

-15.4%

500228

₹1,007.20

JSW Steel

7D

1.7%

1Y

16.4%

TEMBO

₹427.45

Tembo Global Industries

7D

-14.3%

1Y

76.1%

512455

₹1,286.35

Lloyds Metals and Energy

7D

7.4%

1Y

77.8%

506022

₹167.60

Prakash Industries

7D

-1.2%

1Y

2.0%

520111

₹2,621.65

Ratnamani Metals & Tubes

7D

-2.2%

1Y

-9.8%

JINDALSTEL

₹881.70

Jindal Steel & Power

7D

9.4%

1Y

-4.9%

BHARATWIRE

₹180.09

Bharat Wire Ropes

7D

-0.6%

1Y

-38.0%

533758

₹1,587.75

APL Apollo Tubes

7D

4.6%

1Y

2.1%