Industry analysis
Iron & Steel
Read from what its listed companies are showing. Valuations are compared within this industry.
Mixed
15 listed companies · ₹ 6,77,113 Cr. total market value- ▲71% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 26%. 7% made a loss.
- ▲5 credit rating upgrades and 1 downgrade in the last 90 days.
- –18 good and 1 bad company announcements, including 1 big order won (read since 6 Oct 2026; not counted until there is a month of them).
- ▼The typical share is down 9.3% in 3 months; 15% of shares trade above their 200-day average (their usual level).
- –Typical P/E 14.3, close to these companies' usual level.
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Iron & Steel share against the typical share on the market, both starting at 100. Now 97 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Price against growth
Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- JSW SteelExpansion or acquisition
- Steel Authority of IndiaStrong results
- Jindal StainlessCredit rating raised
- Sarda Energy & MineralsCredit rating raised
- NMDC SteelCredit rating raised
Warning signs
- Jai Balaji IndustriesCredit rating cut
- Vedanta Iron And Steel LtdAction by a regulator
Best shares, 3 months
- Manaksia Steels+55.1%
- Ankit Metal & Power+42.8%
- Jai Balaji Industries+3.9%
- JSW Steel−2.8%
- Jindal Steel−3.7%
Worst shares, 3 months
- Scan Steels−29.6%
- Sandur Manganese & Iron Ores Ltd−17.5%
- KIC Metaliks Ltd−14.9%
- Vedanta Iron And Steel Ltd−13.7%
- Sarda Energy & Minerals−13.1%
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| JSW Steel JSWSTEEL | Iron & Steel | ₹ 2,90,275.38 Cr. | +20.7% | +225.6% | 19.3 | −2.8% | Expansion or acquisition |
| Tata Steel TATASTEEL | Iron & Steel | ₹ 2,08,785.58 Cr. | +14.3% | +18.8% | 17.9 | −9.6% | |
| Steel Authority of India SAIL | Iron & Steel | ₹ 68,146.52 Cr. | +1.2% | +120.7% | 11.2 | −5.2% | Strong results |
| Jindal Stainless JSL | Iron & Steel | ₹ 56,394.06 Cr. | +18.2% | +11.1% | 17 | −6.1% | Credit rating raised |
| Sarda Energy & Minerals SARDAEN | Iron & Steel | ₹ 15,786.69 Cr. | −1.5% | +9.4% | 14.3 | −13.1% | Credit rating raised |
| NMDC Steel NSLNISP | Iron & Steel | ₹ 11,024.94 Cr. | +8.8% | +96.2% | 137.2 | −9.3% | Credit rating raised |
| Vedanta Iron And Steel Ltd VISL | Iron & Steel | ₹ 10,253.04 Cr. | — | — | 17.3 | −13.7% | Strong resultsAction by a regulator |
| Sandur Manganese & Iron Ores Ltd SANDUMA | Iron & Steel | ₹ 7,560.36 Cr. | +21.1% | +36.5% | 11.1 | −17.5% | |
| Jai Balaji Industries JAIBALAJI | Iron & Steel | ₹ 5,818.36 Cr. | +24% | +19.7% | 20 | +3.9% | Credit rating cut |
| Prakash Industries PRAKASH | Iron & Steel | ₹ 1,972.28 Cr. | −0.5% | −22% | 5.2 | −11.4% | |
| Manaksia Steels MANAKSTEEL | Iron & Steel | ₹ 678.03 Cr. | +50.2% | +266.7% | 12.5 | +55.1% | |
| Scan Steels SCANSTL | Iron & Steel | ₹ 277.23 Cr. | +11.2% | +30% | 10.3 | −29.6% | |
| KIC Metaliks Ltd 513693 | Iron & Steel | ₹ 105.39 Cr. | +50.2% | — | 2.7 | −14.9% | |
| Ankit Metal & Power ANKITMETAL | Iron & Steel | ₹ 35.28 Cr. | −25.4% | Loss | 2.5 | +42.8% | |
| Jindal Steel JINDALSTEL | Iron & Steel | — | +42.7% | +21.4% | 33.2 | −3.7% | Strong results |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.