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Indian (NIFTY) Steel Industry Analysis

UpdatedJun 08, 2023
DataAggregated Company Financials
Companies144
  • 7D4.2%
  • 3M4.7%
  • 1Y24.3%
  • YTD0.9%

JSW Steel is up 4.8%, leading the way for the Steel industry, which has gained 2.4%. In the last 12 months, the industry was up 23%. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023₹7.1t₹8.5t₹394.6b15.1x18.1x0.8x
Sat, 06 May 2023₹7.0t₹8.3t₹428.6b14.5x16.3x0.8x
Mon, 03 Apr 2023₹6.6t₹8.4t₹517.1b13.3x12.9x0.8x
Wed, 01 Mar 2023₹6.4t₹8.4t₹517.5b12.8x12.4x0.8x
Fri, 27 Jan 2023₹6.9t₹8.4t₹669.0b13.6x10.2x0.8x
Sun, 25 Dec 2022₹6.1t₹8.4t₹721.3b12.2x8.5x0.7x
Tue, 22 Nov 2022₹6.2t₹8.4t₹721.4b12.1x8.5x0.7x
Thu, 20 Oct 2022₹5.8t₹8.2t₹1.0t12.5x5.8x0.7x
Sat, 17 Sep 2022₹6.0t₹8.2t₹1.0t13x6x0.7x
Mon, 15 Aug 2022₹5.9t₹8.2t₹1.0t12.5x5.9x0.7x
Wed, 13 Jul 2022₹5.1t₹7.8t₹1.1t11.7x4.5x0.7x
Fri, 10 Jun 2022₹5.4t₹7.8t₹1.1t11.2x4.8x0.7x
Sun, 08 May 2022₹6.4t₹7.4t₹1.1t12.1x5.7x0.9x
Tue, 05 Apr 2022₹6.8t₹7.1t₹1.1t12.7x6.3x1x
Thu, 03 Mar 2022₹6.2t₹7.4t₹1.1t11.8x5.4x0.8x
Sat, 29 Jan 2022₹5.9t₹7.0t₹1.1t13.3x5.5x0.8x
Mon, 27 Dec 2021₹5.9t₹6.8t₹1.1t10.5x5.5x0.9x
Wed, 24 Nov 2021₹6.1t₹6.8t₹1.1t10.2x5.7x0.9x
Fri, 22 Oct 2021₹6.4t₹6.1t₹818.2b11.3x7.8x1x
Sun, 19 Sep 2021₹6.4t₹6.1t₹804.6b10.6x8x1x
Tue, 17 Aug 2021₹6.8t₹6.1t₹803.1b10.7x8.5x1.1x
Tue, 01 Jun 2021₹5.9t₹5.1t₹414.5b11.4x14.2x1.2x
Fri, 05 Mar 2021₹3.8t₹4.6t₹192.9b13.6x19.7x0.8x
Mon, 07 Dec 2020₹3.4t₹4.4t₹37.5b13.2x89.8x0.8x
Thu, 10 Sep 2020₹2.7t₹4.3t₹41.7b11.7x64.8x0.6x
Price to Earnings Ratio

50.1x


Total Market Cap: ₹2.1tTotal Earnings: ₹41.7bTotal Revenue: ₹4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 19.4x202120222023
Current Industry PE
  • Investors are relatively neutral on the Indian Steel industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have grown 112% per year over the last three years.
  • Revenues for these companies have grown 26% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Steel compare with similar industries?

IN Market1.84%
Materials2.74%
Metals and Mining3.12%
Steel4.20%
Gold4.54%
Aluminum3.58%
Copper1.72%
Precious Metals and Minerals0%
Silver0%
Diversified Metals and Mining-0.14%
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₹729.754.8%
+₹79.8b
26.7%PE42.3x
500470 Tata Steel₹111.505.3%
+₹69.1b
2.6%PE15.6x
512455 Lloyds Metals and Energy₹351.159.9%
+₹16.0b
150.7%PS5.2x
JINDALSTEL Jindal Steel & Power₹531.502.8%
+₹14.3b
42.4%PE17x
JSL Jindal Stainless₹308.905.2%
+₹12.6b
166.4%PE12x
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Latest News

517146

₹255.10

Usha Martin

7D

11.9%

1Y

117.0%

500378

₹233.95

Jindal Saw

7D

-3.8%

1Y

173.1%

BHARATWIRE

₹182.15

Bharat Wire Ropes

7D

-1.3%

1Y

193.3%

JAIBALAJI

₹78.05

Jai Balaji Industries

7D

-7.6%

1Y

63.3%

533047

₹289.85

Indian Metals and Ferro Alloys

7D

-1.2%

1Y

7.1%

SURANI

₹182.20

Surani Steel Tubes

7D

-22.0%

1Y

388.5%

500470

₹111.50

Tata Steel

7D

5.3%

1Y

2.6%

543590

₹9.98

Rhetan TMT

7D

-2.2%

1Y

n/a

500228

₹729.75

JSW Steel

7D

4.8%

1Y

26.7%

512455

₹351.15

Lloyds Metals and Energy

7D

9.9%

1Y

150.7%

530655

₹445.30

Goodluck India

7D

-6.0%

1Y

55.7%

533758

₹1,176.50

APL Apollo Tubes

7D

3.5%

1Y

23.3%