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Indian (NIFTY) Steel Industry Analysis

UpdatedMay 28, 2022
DataAggregated Company Financials
Companies132
  • 7D-11.5%
  • 3M-6.2%
  • 1Y-7.9%
  • YTD-11.3%

Over the last 7 days, the Steel industry has dropped 11%, driven by JSW Steel declining 13%. On the other hand Rajratan Global Wire is actually up 5.3%. The industry has fallen 7.9% in the last year. In the next few years, earnings are forecast to decline by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 29 May 2022₹5.3t₹7.5t₹1.1t12.4x
Tue, 26 Apr 2022₹6.5t₹7.1t₹1.1t12.7x
Thu, 24 Mar 2022₹6.6t₹7.4t₹1.1t12.4x
Sat, 19 Feb 2022₹6.0t₹7.4t₹1.1t11.6x
Mon, 17 Jan 2022₹6.3t₹6.8t₹1.1t14x
Wed, 15 Dec 2021₹6.1t₹6.8t₹1.1t10.2x
Fri, 12 Nov 2021₹6.3t₹6.5t₹946.8b10.7x
Sun, 10 Oct 2021₹6.3t₹6.1t₹805.7b11x
Tue, 07 Sep 2021₹6.4t₹6.1t₹802.1b10.6x
Thu, 05 Aug 2021₹7.0t₹6.1t₹803.1b11.7x
Sun, 09 May 2021₹5.6t₹5.1t₹414.5b10.4x
Wed, 10 Feb 2021₹3.3t₹4.6t₹192.9b12.3x
Tue, 03 Nov 2020₹2.8t₹4.4t₹37.5b11.9x
Fri, 07 Aug 2020₹2.3t₹4.3t₹41.7b9.9x
Thu, 30 Apr 2020₹1.9t₹4.8t₹137.3b8.2x
Sun, 02 Feb 2020₹2.7t₹5.0t₹169.0b9.7x
Wed, 06 Nov 2019₹2.4t₹5.1t₹238.8b8.4x
Sat, 10 Aug 2019₹2.5t₹5.3t₹214.0b8.5x
Median PE Ratio

10.2x


Total Market Cap: ₹2.8tTotal Earnings: ₹269.3bTotal Revenue: ₹5.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Median PE3Y Average 10.4x202020212022
Current Industry PE
  • Investors are relatively neutral on the 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 10.4x.
  • Future earnings are expected to decline by 16% which could cause market valuations to fall.
Past Earnings Growth
  • The earnings for companies in the Steel industry have grown 61% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market-0.87%
Materials-4.80%
Metals and Mining-7.88%
Steel-11.46%
Precious Metals and Minerals0%
Silver0%
Diversified Metals and Mining-0.74%
Copper-3.64%
Aluminum-4.85%
Gold-6.32%
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
517522 Rajratan Global Wire₹699.105.3%
+₹1.8b
246.3%PS28.5x
530655 Goodluck India₹294.7012.4%
+₹843.9m
196.2%PS13x
534748 Steel Exchange India₹151.153.3%
+₹422.8m
160.2%PS11.4x
513446 JSW Ispat Special Products₹30.902.8%
+₹399.1m
-40.9%PS973.8x
531845 Zenith Steel Pipes & Industries₹8.7527.2%
+₹266.1m
674.3%PS16.6x
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Latest News

526371

₹124.90

NMDC

7D

-14.7%

1Y

-30.3%