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Indian (NIFTY) Steel Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies171
  • 7D-2.8%
  • 3M-1.2%
  • 1Y14.3%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.8%, and Lloyds Metals and Energy contributed the most with a 9.2% decline. Over the past 12 months, the industry was up 14%. Looking forward, 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
Sun, 25 Jan 2026₹12.9t₹8.9t₹466.1b21x27.8x1.4x
Tue, 23 Dec 2025₹12.5t₹8.7t₹447.1b22.8x28x1.4x
Thu, 20 Nov 2025₹12.8t₹8.7t₹447.9b23x28.6x1.5x
Sat, 18 Oct 2025₹12.9t₹8.5t₹405.4b23.7x31.7x1.5x
Mon, 15 Sep 2025₹12.7t₹8.5t₹405.1b23.9x31.3x1.5x
Wed, 13 Aug 2025₹12.1t₹8.5t₹397.0b22.8x30.5x1.4x
Fri, 11 Jul 2025₹12.2t₹8.4t₹362.1b23.7x33.8x1.5x
Sun, 08 Jun 2025₹12.0t₹8.4t₹360.9b22.4x33.3x1.4x
Tue, 06 May 2025₹10.9t₹8.4t₹344.7b20.5x31.6x1.3x
Thu, 03 Apr 2025₹11.6t₹8.4t₹359.5b20.1x32.2x1.4x
Sat, 01 Mar 2025₹10.3t₹8.4t₹359.6b19.3x28.6x1.2x
Mon, 27 Jan 2025₹11.1t₹8.3t₹369.7b23.2x29.9x1.3x
Wed, 25 Dec 2024₹11.5t₹8.3t₹386.0b25.4x29.9x1.4x
Fri, 22 Nov 2024₹11.1t₹8.4t₹390.1b23.3x28.5x1.3x
Sun, 20 Oct 2024₹12.1t₹8.4t₹360.0b24.9x33.7x1.4x
Tue, 17 Sep 2024₹12.5t₹8.5t₹361.9b25x34.6x1.5x
Thu, 15 Aug 2024₹11.3t₹8.5t₹361.2b22.7x31.2x1.3x
Sat, 13 Jul 2024₹12.2t₹8.5t₹370.5b24.5x32.8x1.4x
Mon, 10 Jun 2024₹11.8t₹8.4t₹382.3b23.3x31x1.4x
Wed, 08 May 2024₹11.3t₹8.5t₹424.0b22.9x26.6x1.3x
Fri, 05 Apr 2024₹10.9t₹8.4t₹419.9b23.5x26.1x1.3x
Sun, 03 Mar 2024₹10.7t₹8.4t₹419.9b23.6x25.4x1.3x
Tue, 30 Jan 2024₹10.5t₹8.7t₹407.4b23.7x25.7x1.2x
Thu, 28 Dec 2023₹10.2t₹8.7t₹351.4b22.5x29x1.2x
Sat, 25 Nov 2023₹9.3t₹8.7t₹351.3b20.7x26.4x1.1x
Mon, 23 Oct 2023₹8.9t₹8.6t₹381.1b19x23.5x1x
Wed, 20 Sep 2023₹9.0t₹8.6t₹339.0b18x26.7x1.1x
Fri, 18 Aug 2023₹8.2t₹8.6t₹340.3b16.2x24.2x1x
Sun, 16 Jul 2023₹8.0t₹8.5t₹390.8b15.5x20.4x0.9x
Tue, 13 Jun 2023₹7.2t₹8.5t₹394.5b15x18.3x0.8x
Thu, 11 May 2023₹7.0t₹8.3t₹428.7b14.7x16.2x0.8x
Sat, 08 Apr 2023₹6.7t₹8.4t₹517.1b14.5x12.9x0.8x
Mon, 06 Mar 2023₹6.7t₹8.4t₹517.1b13.5x12.9x0.8x
Wed, 01 Feb 2023₹6.8t₹8.4t₹667.9b13.1x10.2x0.8x
Price to Earnings Ratio

10.2x


Total Market Cap: ₹6.8tTotal Earnings: ₹667.9bTotal Revenue: ₹8.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Steel Industry Price to Earnings3Y Average 27.1x202420252026
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 27.1x.
  • The 3-year average PS ratio of 1.2x 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 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-3.58%
Materials-2.19%
Metals and Mining-0.46%
Steel-2.77%
Gold8.72%
Diversified Metals and Mining4.07%
Aluminum1.73%
Copper-4.55%
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₹1.06k2.0%
+₹21.1b		20.5%PE39.5x
533758 APL Apollo Tubes₹2.00k3.2%
+₹17.0b		28.2%PE48.7x
JINDALSAW Jindal Saw₹177.7214.9%
+₹14.7b		-27.7%PE10.1x
RKFORGE Ramkrishna Forgings₹510.502.9%
+₹2.6b		-36.5%PE41.7x
534600 JTL Industries₹76.195.4%
+₹1.5b		-27.3%PE37x

Latest News

500228
₹1,169.35
JSW Steel
7D
-1.5%
1Y
25.4%
522285
₹71.72
Jayaswal Neco Industries
7D
-17.6%
1Y
86.8%
508875
₹553.15
Nitin Castings
7D
19.9%
1Y
-14.5%
JSL
₹745.95
Jindal Stainless
7D
-8.3%
1Y
17.6%

Jindal Stainless Limited (NSE:JSL) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Jan 24
Jindal Stainless Limited (NSE:JSL) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
533758
₹2,001.00
APL Apollo Tubes
7D
3.2%
1Y
28.2%
JINDALSTEL
₹1,063.60
Jindal Steel
7D
2.0%
1Y
20.5%

JINDALSTEL: Raigarh Expansion And New Leadership Will Shape Measured Future Potential

Analysts have inched up their fair value estimate for Jindal Steel from ₹1,134.77 to ₹1,136.19, citing slightly higher assumptions for revenue growth and profit margins, a marginally lower discount rate, and a modestly reduced future P/E multiple. What's in the News Board meeting scheduled for January 30, 2026, to review and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, for FY 2025–26 (Key Developments).
JINDALSAW
₹177.72
Jindal Saw
7D
14.9%
1Y
-27.7%

JINDALSAW: Upcoming Board Meeting Will Support Continued Undervalued Bullish Outlook

Analysts have slightly increased their price target on Jindal Saw to ₹262.50 from ₹261, citing updated assumptions around revenue growth, profit margins and the stock's future P/E profile. What's in the News A board meeting is scheduled on January 16, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
GPIL
₹241.85
Godawari Power & Ispat
7D
-6.1%
1Y
36.7%
534600
₹76.19
JTL Industries
7D
5.4%
1Y
-27.3%

534600: Future Earnings Power Will Be Driven By Power Transmission Order Execution

Analysts have lifted their price target on JTL Industries to $106.00, citing updated assumptions around slightly lower discount rates, modestly higher projected revenue growth of about 44% and profit margins just above 6%, along with a marginally lower assumed future P/E multiple. What's in the News Board meeting scheduled for January 24, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
RKFORGE
₹510.50
Ramkrishna Forgings
7D
2.9%
1Y
-36.5%
KIOCL
₹339.90
KIOCL
7D
-9.1%
1Y
0.3%
512455
₹1,115.55
Lloyds Metals and Energy
7D
-9.2%
1Y
-18.9%

512455: Upcoming Tata Steel Decision And Land Expansion Will Drive Future Upside

Analysts have maintained their fair value estimate for Lloyds Metals and Energy at ₹1,692, citing only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall price target view. What's in the News A board meeting is scheduled for Dec 31, 2025 to approve the allotment of equity shares under the Lloyds Metals and Energy Limited Employee Stock Option Plan 2017, approve equity shares upon conversion of preferentially issued convertible warrants to promoter and non promoter groups, and consider other matters (company filing).
526371
₹76.40
NMDC
7D
-7.7%
1Y
14.5%

526371: Overseas Resource Expansion And Dividend Decisions Will Shape 2025 Outlook

Analysts have modestly adjusted their price expectations for NMDC, keeping the fair value view broadly unchanged at ₹77.12 while fine tuning assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated risk and earnings profiles. What's in the News NMDC is exploring acquisitions and investments in Africa, the Middle East, Latin America and Southeast Asia, including both operating mines and virgin mineral blocks where pre feasibility work supports commercial viability (Key Developments).
504918
₹205.55
Sandur Manganese & Iron Ores
7D
-10.0%
1Y
53.6%
543590
₹26.44
Rhetan TMT
7D
2.3%
1Y
13.5%
KIRLOSIND
₹3,127.80
Kirloskar Industries
7D
3.2%
1Y
-20.5%