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Oct 26
Indian (NIFTY) Steel Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies150
- 7D-4.0%
- 3M1.1%
- 1Y42.3%
- YTD20.1%
Over the last 7 days, the Steel industry has dropped 4.0%, driven by JSW Steel declining 1.9%. On the other hand Jindal Saw is actually up 13%. This takes the industry's 12 month performance to a gain of 42%. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Indian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹8.6t | ₹8.7t | ₹386.0b | 17.8x | 22.3x | 1x |
| Wed, 27 Sep 2023 | ₹8.9t | ₹8.6t | ₹339.0b | 18.2x | 26.1x | 1x |
| Fri, 25 Aug 2023 | ₹8.4t | ₹8.6t | ₹340.2b | 16.8x | 24.8x | 1x |
| Sun, 23 Jul 2023 | ₹8.0t | ₹8.5t | ₹406.0b | 15.7x | 19.7x | 0.9x |
| Tue, 20 Jun 2023 | ₹7.5t | ₹8.5t | ₹394.6b | 15x | 19x | 0.9x |
| Thu, 18 May 2023 | ₹6.8t | ₹8.3t | ₹420.8b | 14.7x | 16.1x | 0.8x |
| Sat, 15 Apr 2023 | ₹6.8t | ₹8.4t | ₹517.2b | 14.4x | 13.2x | 0.8x |
| Mon, 13 Mar 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 13.5x | 13x | 0.8x |
| Wed, 08 Feb 2023 | ₹6.6t | ₹8.4t | ₹538.2b | 12.9x | 12.3x | 0.8x |
| Fri, 06 Jan 2023 | ₹6.8t | ₹8.4t | ₹721.3b | 13.7x | 9.4x | 0.8x |
| Sun, 04 Dec 2022 | ₹6.5t | ₹8.4t | ₹721.3b | 12.3x | 9.1x | 0.8x |
| Tue, 01 Nov 2022 | ₹5.9t | ₹8.3t | ₹922.3b | 12.9x | 6.4x | 0.7x |
| Thu, 29 Sep 2022 | ₹5.6t | ₹8.2t | ₹1.0t | 12.5x | 5.5x | 0.7x |
| Sat, 27 Aug 2022 | ₹5.9t | ₹8.2t | ₹1.0t | 12.6x | 5.8x | 0.7x |
| Mon, 25 Jul 2022 | ₹5.2t | ₹7.8t | ₹1.1t | 12.5x | 4.7x | 0.7x |
| Wed, 22 Jun 2022 | ₹5.0t | ₹7.8t | ₹1.1t | 11.1x | 4.4x | 0.6x |
| Fri, 20 May 2022 | ₹5.7t | ₹7.4t | ₹1.1t | 11.4x | 5x | 0.8x |
| Sun, 17 Apr 2022 | ₹6.9t | ₹7.1t | ₹1.1t | 12.9x | 6.4x | 1x |
| Tue, 15 Mar 2022 | ₹6.3t | ₹7.4t | ₹1.1t | 12.1x | 5.5x | 0.9x |
| Thu, 10 Feb 2022 | ₹6.3t | ₹7.3t | ₹1.1t | 12.6x | 5.5x | 0.9x |
| Sat, 08 Jan 2022 | ₹6.2t | ₹6.8t | ₹1.1t | 12.5x | 5.8x | 0.9x |
| Mon, 06 Dec 2021 | ₹5.8t | ₹6.8t | ₹1.1t | 9.8x | 5.4x | 0.9x |
| Wed, 03 Nov 2021 | ₹6.5t | ₹6.4t | ₹885.0b | 37.4x | 7.3x | 1x |
| Fri, 01 Oct 2021 | ₹6.2t | ₹6.1t | ₹805.6b | 11x | 7.7x | 1x |
| Sun, 29 Aug 2021 | ₹6.3t | ₹6.1t | ₹803.1b | 10.3x | 7.8x | 1x |
| Mon, 05 Jul 2021 | ₹6.2t | ₹6.1t | ₹803.1b | 9.5x | 7.7x | 1x |
| Thu, 08 Apr 2021 | ₹4.2t | ₹5.1t | ₹414.5b | 8.8x | 10.2x | 0.8x |
| Sun, 10 Jan 2021 | ₹3.5t | ₹4.6t | ₹192.9b | 11.4x | 18.2x | 0.8x |
Price to Earnings Ratio
74.8x
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 22.3x which is higher than its 3-year average PE of 15.3x.
- The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 117% 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 Market | -2.60% | |
| Materials | -4.03% | |
| Metals and Mining | -3.87% | |
| Steel | -3.96% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -3.44% | |
| Diversified Metals and Mining | -3.46% | |
| Gold | -4.65% | |
| Copper | -8.55% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500378 Jindal Saw | ₹412.55 | 13.0% +₹15.1b | 429.6% | PE14.7x | |
| 526371 NMDC | ₹155.85 | 3.1% +₹13.8b | 56.3% | PE7.9x | |
| 520111 Ratnamani Metals & Tubes | ₹2.79k | 5.7% +₹10.5b | 35.5% | PE35.1x | |
| SURYAROSNI Surya Roshni | ₹570.70 | 9.0% +₹5.1b | 173.5% | PE16.5x | |
| 590086 Orissa Minerals Development | ₹6.56k | 11.0% +₹3.9b | 140.1% | PS167.8x |