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Low debt and solid return on Equity (ROE) is what you look for in steel companies. Here's a list of top steel companies in India...
| Company | CMP (Rs) | MCap (Rs m) | P/E (x) | RoE (Latest, %) | D/E (Curr FY, x) | Sales CAGR (3 yrs, %) | Profit CAGR (3 yrs, %) |
|---|---|---|---|---|---|---|---|
| JSW STEEL | 825.4 | 2,018,355 | 21.2 | 6.3% | 1.2 | 31.3% | 1.8% |
| TATA STEEL | 135.3 | 1,663,820 | NM | 7.8% | 0.8 | 17.8% | 90.3% |
| JINDAL STEEL & POWER | 735.7 | 750,479 | 18.5 | 8.2% | 0.3 | 19.0% | NM |
| JINDAL STAINLESS | 610.0 | 502,254 | 20.9 | 17.5% | 0.3 | 40.2% | 206.2% |
| SAIL | 114.9 | 474,597 | 17.7 | 4.0% | 0.6 | 19.2% | 0.9% |
| APL APOLLO TUBES | 1,552.3 | 430,788 | 56.1 | 21.4% | 0.3 | 27.9% | 35.9% |
| HINDUSTAN COPPER | 262.5 | 253,844 | 79.2 | 14.2% | 0.1 | 26.3% | NM |
| RATNAMANI METALS | 3,333.4 | 233,645 | 37.3 | 19.7% | 0.1 | 20.1% | 18.5% |
| SHYAM METALICS AND ENERGY | 682.9 | 174,195 | 16.7 | 11.8% | 0.2 | 42.3% | 35.6% |
| JINDAL SAW | 488.9 | 156,312 | 15.1 | 5.6% | 0.6 | 15.4% | NM |
| JAI BALAJI INDUS | 942.1 | 151,152 | 39.1 | 11.3% | 1.7 | 28.1% | NM |
| JINDAL STAINLESS (HISAR) | 560.8 | 132,300 | 12.6 | 39.7% | 0.4 | 13.4% | 70.0% |
| MAHARASHTRA SEAMLESS | 957.8 | 128,344 | 12.5 | 16.1% | 0.1 | 29.3% | 88.5% |
| GODAWARI POWER | 768.7 | 104,494 | 13.6 | 20.3% | 0.1 | 20.5% | 64.8% |
| USHA MARTIN | 320.4 | 97,639 | 25.1 | 17.3% | 0.2 | 14.9% | NM |
| TATA STEEL BSL | 85.6 | 93,544 | 1.3 | 12.0% | 0.5 | 8.8% | NM |
| SURYA ROSHNI | 805.0 | 87,598 | 23.0 | 18.1% | 0.2 | 13.5% | 48.5% |
| SARDA ENERGY & MINERALS | 247.9 | 87,355 | 15.3 | 17.7% | 0.4 | 28.2% | 64.7% |
| KIRL.FERROUS | 543.4 | 75,680 | 19.0 | 21.0% | 0.5 | 51.4% | 57.3% |
| MISHRA DHATU NIGAM | 401.3 | 75,180 | 54.9 | 12.2% | 0.3 | 6.9% | NM |
| VESUVIUS INDIA | 3,464.4 | 70,313 | 38.3 | 11.7% | 0.0 | 14.8% | 10.9% |
| GRAVITA INDIA | 1,017.5 | 70,243 | 31.1 | 34.7% | 0.6 | 27.6% | 77.4% |
| APOLLO TRICOAT TUBES | 1,059.8 | 64,433 | 52.5 | 31.5% | 0.1 | 625.1% | 275.0% |
| TINPLATE | 445.1 | 46,582 | 49.9 | 11.3% | 0.0 | 23.4% | 14.6% |
| JAYASWAL NECO | 46.0 | 44,647 | 24.5 | 11.0% | 1.7 | 20.4% | NM |
* We show NM where the values are negative
Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.
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FAQs
Which are the top steel companies in India right now?
As per Equitymaster's Stock Screener, here is a list of the top steel companies in India right now...
- #1 JSW STEEL
- #2 TATA STEEL
- #3 JINDAL STEEL & POWER
- #4 JINDAL STAINLESS
- #5 SAIL
These companies have been ranked as per their market capitalization. The higher the market cap, the higher the total value of the company.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
When should you invest in the steel sector?
Steel stocks are usually risker as their fortunes are prone to economic booms and busts. For this reason, they are called cyclical stocks. Cyclical stocks do well when the economy is doing well and vice versa.
However, before selecting a stock, one must check whether the industry is due for revival or not.
Where can I find a list of steel stocks?
The details of listed steel companies can be found on the NSE and BSE website. For a curated list, you can check out our list of steel stocks.
What kind of dividend yields do steel stocks offer?
There is no consistent trend of dividends across the industry, with different companies having different dividend policies.
For more details, check out our list of top steel stocks offering high dividend yields.
How should you value steel companies?
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
Two commonly used financial ratios used in the valuation of stocks are -
Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
To find stocks with favorable P/E Ratios, check out our list of steel stocks according to their P/E Ratios.
Do keep in mind that in case of cyclical stocks like steel stocks, sometimes a lower P/E ratio may not signal a cheap stock...it could among other thing be signalling peak earnings which are usually seen at the top of the steel sector cycle.
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.
To find stocks with favourable P/BV Ratios, check out our list of steel stocks according to their P/BV Ratios.
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