Industry analysis

Iron & Steel Products

Read from what its listed companies are showing. Valuations are compared within this industry.

Mixed

148 listed companies · ₹ 2,57,496 Cr. total market value

●59% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 26%. 14% made a loss.
●3 credit rating upgrades and 2 downgrades in the last 90 days.
–46 good and 2 bad company announcements, including 3 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
●The typical share is down 4.5% in 3 months; 44% of shares trade above their 200-day average (their usual level).
–Typical P/E 18.9, close to these companies' usual level.
–Raised ₹ 577 Cr. by issuing shares (5 issues) in 90 days; 4 more fund raises on the way.

▲ / ▼ / ● 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 Products share against the typical share on the market, both starting at 100. Now 87 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.

Cheaper than peers

Jayaswal Neco Industries JAYNECOIND	7.3 vs 18.961% cheaper	+23.2% / +119%	₹ 8,607.9 Cr.
MSP Steel & Power MSPL	12.2 vs 18.935% cheaper	+16.3% / +22.2%	₹ 1,688.94 Cr.
BMW Industries 542669	12.9 vs 18.932% cheaper	+11.4% / +26.7%	₹ 1,084.92 Cr.

Cheaper than peers across the whole market

Leaders and laggards

Good news

Shyam Metalics and EnergyBig order won
Aeroflex IndustriesStrong results
Steel Exchange IndiaStrong results
Goodluck IndiaStrong results
Sambhv Steel TubesCredit rating raised

Warning signs

Vibhor Steel TubesCredit rating cut
DEEM ROLL TECH LIMITEDCredit rating cut
Aditya Ultra SteelAction by a regulator

Best shares, 3 months

Worst shares, 3 months

Companies

Click a column to sort.

Iron & Steel Products companies
							Signs (90 days)
Welspun Corp WELCORP	Iron & Steel Products	₹ 63,362.51 Cr.	+14.9%	+200.3%	29.3	+51.8%	Big order won
Shyam Metalics and Energy SHYAMMETL	Iron & Steel Products	₹ 31,569.82 Cr.	+23.4%	+20.6%	28.4	+11.6%	Big order won
Jindal SAW JINDALSAW	Iron & Steel Products	₹ 14,863.91 Cr.	+5.6%	−74.8%	28.1	−6.8%	Strong results
Usha Martin USHAMART	Iron & Steel Products	₹ 14,018.12 Cr.	+16.5%	+40.6%	25.9	−8.1%
Gallantt Ispat GALLANTT	Iron & Steel Products	₹ 13,117.02 Cr.	+13.1%	−31.5%	31.8	−2.5%
Godawari Power and Ispat GPIL	Iron & Steel Products	₹ 12,773.97 Cr.	+32.3%	+2.8%	16	−21.8%	Expansion or acquisition
Jayaswal Neco Industries JAYNECOIND	Iron & Steel Products	₹ 8,607.9 Cr.	+23.2%	+119%	7.3	+3.5%	Strong results
Maharashtra Seamless MAHSEAMLES	Iron & Steel Products	₹ 7,147.39 Cr.	−4.7%	+15.7%	9.8	−4.8%
Aeroflex Industries AEROFLEX	Iron & Steel Products	₹ 6,003.71 Cr.	+72.6%	+171.4%	97	+25.6%	Strong results
Technocraft Industries (India) TIIL	Iron & Steel Products	₹ 5,665.53 Cr.	+27.2%	+68.3%	17.2	+0.2%
Man Industries (India) MANINDS	Iron & Steel Products	₹ 5,557.04 Cr.	+41.9%	+117.9%	28.5	+51.1%
Shivalik Bimetal Controls SBCL	Iron & Steel Products	₹ 5,222.79 Cr.	+32.8%	+43.5%	56.2	+41.4%
Sambhv Steel Tubes SAMBHV	Iron & Steel Products	₹ 4,616.03 Cr.	+30.9%	+72.7%	29.1	+39%	Credit rating raised
Surya Roshni SURYAROSNI	Iron & Steel Products	₹ 4,244.07 Cr.	+27.5%	+76.5%	14.6	−13.2%
Electrosteel Castings ELECTCAST	Iron & Steel Products	₹ 4,135.78 Cr.	−8.5%	−46.1%	25.9	−5.4%
Kalyani Steels KSL	Iron & Steel Products	₹ 3,729.72 Cr.	+5%	+11.5%	13.3	−4.3%	Strong results
Vardhman Special Steels VSSL	Iron & Steel Products	₹ 3,324.97 Cr.	+12%	+105%	34.5	+8.8%	Strong results
Kirloskar Industries KIRLOSIND	Iron & Steel Products	₹ 3,193.52 Cr.	+4.4%	−65.5%	10.8	−16.9%
JTL Industries JTLIND	Iron & Steel Products	₹ 2,849.92 Cr.	+32.7%	+105.9%	24.7	+3.1%
Welspun Specialty Solutions WELSPLSOL	Iron & Steel Products	₹ 2,838.37 Cr.	−3.8%	—	193.2	−17.9%
Ratnaveer Precision Engineering RATNAVEER	Iron & Steel Products	₹ 2,777.97 Cr.	+18.9%	+20%	47.8	+91.2%
Mahamaya Steel Industries MAHASTEEL	Iron & Steel Products	₹ 2,455.86 Cr.	+29.3%	+22.4%	250.7	+50.8%
Mukand MUKANDLTD	Iron & Steel Products	₹ 2,051.61 Cr.	+20.6%	+96.6%	3.4	+7.2%
Behari Lal Engineering Ltd BLEL	Iron & Steel Products	₹ 1,816.57 Cr.	—	—	30.1	—
MSP Steel & Power MSPL	Iron & Steel Products	₹ 1,688.94 Cr.	+16.3%	+22.2%	12.2	−16.8%
Rajputana Stainless Ltd RSL	Iron & Steel Products	₹ 1,395.58 Cr.	+32.3%	+81.8%	23.3	+17.4%
Manaksia Coated Metals & Industries MANAKCOAT	Iron & Steel Products	₹ 1,301.38 Cr.	+4.8%	0%	34.7	+22%	Strong results
Hi-Tech Pipes HITECH	Iron & Steel Products	₹ 1,289.36 Cr.	+78.6%	−4.8%	17.4	−20.2%
Aeroflex Enterprises AEROENTER	Iron & Steel Products	₹ 1,262.78 Cr.	+41%	+635.7%	9.3	+8.2%	Expansion or acquisition
Steel Exchange India STEELXIND	Iron & Steel Products	₹ 1,223.22 Cr.	−10%	+50%	47	−11.4%	Strong results
Rhetan TMT RHETAN	Iron & Steel Products	₹ 1,188.14 Cr.	−19.4%	+315.8%	88.7	−55.6%
BMW Industries 542669	Iron & Steel Products	₹ 1,084.92 Cr.	+11.4%	+26.7%	12.9	−3.3%
India Homes 513361	Iron & Steel Products	₹ 1,069.25 Cr.	−100%	—	59.9	+19.5%
Gandhi Special Tubes GANDHITUBE	Iron & Steel Products	₹ 1,035.42 Cr.	+18.8%	+27.3%	13	−1.3%
Bharat Wire Ropes BHARATWIRE	Iron & Steel Products	₹ 998.18 Cr.	−8.5%	−25%	10.6	−25.6%
Tembo Global Industries TEMBO	Iron & Steel Products	₹ 982.28 Cr.	+21.8%	+55%	9.7	−5.9%	Strong results
Hariom Pipe Industries HARIOMPIPE	Iron & Steel Products	₹ 934.23 Cr.	−6.9%	−29.2%	14.3	−18.9%
Kamdhenu KAMDHENU	Iron & Steel Products	₹ 930.22 Cr.	+8.7%	+38.1%	31.7	+2.8%	Strong results
Bansal Wire Industries BANSALWIRE	Iron & Steel Products	₹ 928.18 Cr.	+24%	+39.5%	28.8	−8%	Strong results
Cosmic CRF 543928	Iron & Steel Products	₹ 871.02 Cr.	—	—	16.2	−33.2%
Electrotherm (India) ELECTHERM	Iron & Steel Products	₹ 763.72 Cr.	+9.5%	−75%	18.3	−40.1%
Uni Abex Alloy Products Ltd 504605	Iron & Steel Products	₹ 763.41 Cr.	+4.7%	+30.4%	17.9	−8.9%
Beekay Steel Industries BEEKAY	Iron & Steel Products	₹ 735.98 Cr.	+32.5%	+22.6%	18.3	+0.9%
Scoda Tubes SCODATUBES	Iron & Steel Products	₹ 650.86 Cr.	+27.6%	−25.8%	17.5	−26.6%
Rama Steel Tubes RAMASTEEL	Iron & Steel Products	₹ 600.43 Cr.	−16.7%	+9.9%	47.5	−8%
Aerpace Industries 534733	Iron & Steel Products	₹ 552.66 Cr.	—	Loss	315.5	+24.9%
Panchmahal Steel PANCHMAHQ	Iron & Steel Products	₹ 549.36 Cr.	+7.3%	—	136.9	—
Suraj SURAJLTD	Iron & Steel Products	₹ 366.44 Cr.	−22.5%	+109%	46.4	−5%
Metalic Technoforge METALIC	Iron & Steel Products	₹ 347.17 Cr.	—	—	28.4	+56.9%
Ashiana Ispat 513401	Iron & Steel Products	₹ 347.04 Cr.	+1,58,323.5%	Loss	33.3	—
Riddhi Steel and Tube 540082	Iron & Steel Products	₹ 342.04 Cr.	+21.3%	+150%	29.9	—
Bedmutha Industries BEDMUTHA	Iron & Steel Products	₹ 340.06 Cr.	+74.3%	—	20.4	−2.4%
Manaksia MANAKSIA	Iron & Steel Products	₹ 337.57 Cr.	+28.9%	+80%	5.5	−4%
Suraj Products 518075	Iron & Steel Products	₹ 302.96 Cr.	+8.7%	+46.6%	13.6	+17.7%
National Fittings 531289	Iron & Steel Products	₹ 289.61 Cr.	+31.8%	+50.4%	26.1	+105.7%
Geekay Wires GEEKAYWIRE	Iron & Steel Products	₹ 287.95 Cr.	+3.5%	−19.7%	9.6	+14.8%
D.P. Wires Ltd DPWIRES	Iron & Steel Products	₹ 276.06 Cr.	+3.7%	+31.7%	15	−1%
Shah Metacorp SHAH	Iron & Steel Products	₹ 267.38 Cr.	+97.9%	+41.4%	20.9	−29.7%
Krishca Strapping Solutions KRISHCA	Iron & Steel Products	₹ 260.2 Cr.	+147.4%	−37.5%	24	+16.8%
Remi Edelstahl Tubulars 513043	Iron & Steel Products	₹ 254.81 Cr.	+32.2%	+114.3%	95.4	+10%
Supershakti Metaliks 541701	Iron & Steel Products	₹ 230.5 Cr.	—	—	8.3	−20.3%
Ahmedabad Steelcraft Ltd 522273	Iron & Steel Products	₹ 224.87 Cr.	−9.3%	−55.4%	13.1	−8.6%
VMS TMT VMSTMT	Iron & Steel Products	₹ 208.71 Cr.	+16.7%	−47.9%	12.5	−1.6%
Bansal Roofing Products 538546	Iron & Steel Products	₹ 204.02 Cr.	+26.8%	+31.7%	18.9	+30.8%
Surani Steel Tubes SURANI	Iron & Steel Products	₹ 186.58 Cr.	—	Loss	69.4	+59.2%	Promoters buying
JAYBEE Laminations JAYBEE	Iron & Steel Products	₹ 180.65 Cr.	+120.8%	+50%	10	−5.2%
Vibhor Steel Tubes VSTL	Iron & Steel Products	₹ 173.03 Cr.	+27.2%	−38.5%	21.7	−12.1%	Credit rating cut
Rathi Steel & Power Ltd-$ 504903	Iron & Steel Products	₹ 156.48 Cr.	+24.5%	+84.1%	11.1	−31.6%
De Neers Tools DENEERS	Iron & Steel Products	₹ 140.57 Cr.	—	—	5.6	−11.5%
Shah Alloys SHAHALLOYS	Iron & Steel Products	₹ 140.47 Cr.	−92.6%	Loss	3	+6.7%
Incredible Industries INCREDIBLE	Iron & Steel Products	₹ 136.28 Cr.	−3.1%	+6.5%	11.6	−9.1%
Maiden Forgings 543874	Iron & Steel Products	₹ 133.65 Cr.	+0.8%	−50%	26.3	−4.7%
Shri Bajrang Alliance SHBAJRG	Iron & Steel Products	₹ 130.74 Cr.	+17.5%	+12.5%	3.2	−13.2%
Steelco Gujarat 500399	Iron & Steel Products	₹ 127.91 Cr.	—	Loss	33.2	+50.7%
Grand Foundry GFSTEELS	Iron & Steel Products	₹ 125.68 Cr.	—	—	36.9	—
Garg Furnace 530615	Iron & Steel Products	₹ 123.04 Cr.	−4.9%	+34.4%	11	+36.4%
Kanishk Steel Industries 513456	Iron & Steel Products	₹ 119.24 Cr.	−13.7%	+2.8%	231.8	−16.9%
Kritika Wires KRITIKA	Iron & Steel Products	₹ 118.49 Cr.	−21.8%	+15.9%	17.4	−8.6%
Alliance Integrated Metaliks 534064	Iron & Steel Products	₹ 103.47 Cr.	+43.8%	Loss	210.1	+8.8%
Sarthak Metals SMLT	Iron & Steel Products	₹ 101.31 Cr.	+19.5%	+25.5%	19.9	+5.6%
Azad India Mobility AZADIND	Iron & Steel Products	₹ 83.53 Cr.	+113.9%	+1,014.3%	141.6	—
Mangalam Alloys MAL	Iron & Steel Products	₹ 80.97 Cr.	+33.5%	−40%	5.4	−4.2%
P S Raj Steels PSRAJ	Iron & Steel Products	₹ 73.72 Cr.	—	—	43	+6.7%
Kasturi Metal Composite Ltd 544688	Iron & Steel Products	₹ 72.96 Cr.	—	—	18.9	+44.8%
Hisar Metal Industries HISARMETAL	Iron & Steel Products	₹ 71.76 Cr.	+3.7%	+328.6%	14.9	−3%
Zenith Steel Pipes & Industries ZENITHSTL	Iron & Steel Products	₹ 69.17 Cr.	−62.1%	−54.2%	26.2	−9.7%
Sharda Ispat 513548	Iron & Steel Products	₹ 64.42 Cr.	+155.8%	+485.7%	8.6	−12.2%
Prakash Steelage PRAKASHSTL	Iron & Steel Products	₹ 57.75 Cr.	+2.3%	−57.9%	1.6	−18.5%
Aditya Ultra Steel AUSL	Iron & Steel Products	₹ 54.39 Cr.	—	—	13.5	−17%	Action by a regulator
Tulsyan Nec 513629	Iron & Steel Products	₹ 54.16 Cr.	−42.8%	Loss	5.5	+0.3%
Anubhav Plast Ltd 544800	Iron & Steel Products	₹ 53.46 Cr.	—	—	7.5	−6%
Acrow India 513149	Iron & Steel Products	₹ 51.07 Cr.	—	+100%	101.4	−4.8%
Aryavan Enterprise Ltd 539455	Iron & Steel Products	₹ 46.98 Cr.	+10.5%	−3.3%	15.8	+11.2%
Nova Iron & Steel Ltd 513566	Iron & Steel Products	₹ 46.91 Cr.	−40.3%	−61.1%	21	+7.6%
Visaman Global Sales VISAMAN	Iron & Steel Products	₹ 42.54 Cr.	−4.8%	+200%	6.4	—
Dhatre Udyog DHATRE	Iron & Steel Products	₹ 42.15 Cr.	−100%	−76.5%	31.3	—
Rajasthan Tube Manufacturing Company Ltd 530253	Iron & Steel Products	₹ 39.27 Cr.	−99.6%	—	16.4	−19.6%
Swastik Pipe SWASTIK	Iron & Steel Products	₹ 36.47 Cr.	−60.1%	Loss	28.3	−16.3%
Shri Kanha Stainless SHRIKANHA	Iron & Steel Products	₹ 34.13 Cr.	—	—	3.9	−5.2%
Metal Coatings India Ltd 531810	Iron & Steel Products	₹ 33.69 Cr.	+9.2%	+26.2%	13.2	+3%
Newmalayalam Steel NMSTEEL	Iron & Steel Products	₹ 33.19 Cr.	+13.7%	—	7	−10.3%
Umiya Tubes 539798	Iron & Steel Products	₹ 31.44 Cr.	—	+272.3%	6.4	−8.6%
Mittal Sections 544575	Iron & Steel Products	₹ 27.77 Cr.	—	—	8	−14.7%
Ashirwad Steels & Industries Ltd 526847	Iron & Steel Products	₹ 27.09 Cr.	+35%	+2%	13.7	−0.4%
Kalana Ispat KALANA	Iron & Steel Products	₹ 25.48 Cr.	−37.2%	−37.3%	24.6	+1.7%	Expansion or acquisition
National General Industries 531651	Iron & Steel Products	₹ 24.66 Cr.	+98.1%	—	387.7	+0.5%
Taparia Tools 505685	Iron & Steel Products	₹ 24.64 Cr.	+14%	+37.1%	0.2	—
Rathi Bars 532918	Iron & Steel Products	₹ 23.76 Cr.	−100%	Loss	11.6	−16.4%
A G Universal AGUL	Iron & Steel Products	₹ 23.14 Cr.	+8.1%	Loss	33.9	−20%
Rishabh Digha Steel & Allied Products Ltd 531539	Iron & Steel Products	₹ 22.63 Cr.	—	−17.6%	114	+15.5%
Aanchal Ispat 538812	Iron & Steel Products	₹ 22.56 Cr.	+9.2%	+1,000%	9.4	−19.5%
Inducto Steel 532001	Iron & Steel Products	₹ 21.69 Cr.	+73.1%	—	9.7	+9.4%
Unison Metals 538610	Iron & Steel Products	₹ 19.43 Cr.	−3.9%	+100%	2.4	−3.1%
Bombay Wire Ropes 504648	Iron & Steel Products	₹ 18.69 Cr.	—	—	7.5	−11.4%
Bloom Industries 513422	Iron & Steel Products	₹ 18.13 Cr.	−39.6%	+53.8%	16.5	−7.9%
Earthstahl & Alloys 543765	Iron & Steel Products	₹ 17.14 Cr.	−34.5%	Loss	57.2	+2.3%
Tamilnadu Steel Tubes Ltd 513540	Iron & Steel Products	₹ 16.58 Cr.	−14.9%	−60%	525.3	+4.1%
Mukat Pipes 523832	Iron & Steel Products	₹ 16.32 Cr.	+70.2%	Loss	405.3	−13%
Modern Steels Ltd-$ 513303	Iron & Steel Products	₹ 16.03 Cr.	—	+56.5%	11.6	−9.7%
P.M. Telelinnks Ltd 513403	Iron & Steel Products	₹ 15.68 Cr.	−100%	Loss	229.7	—
Quality Foils (India) QFIL	Iron & Steel Products	₹ 14.13 Cr.	+23.3%	0%	9.1	−25.1%
Adishakti Loha and Ispat Ltd 543377	Iron & Steel Products	₹ 14.12 Cr.	—	—	33.8	−9.8%
Trans Freight Containers 513063	Iron & Steel Products	₹ 12.19 Cr.	—	+2.8%	9.6	−7.2%
Crimson Metal Engineering Company 526977	Iron & Steel Products	₹ 11.96 Cr.	−2%	+50%	75.7	−44.1%
Eastcoast Steel 520081	Iron & Steel Products	₹ 8.43 Cr.	+1,64,800%	+126.7%	10.9	—
Shree Steel Wire Ropes 513488	Iron & Steel Products	₹ 7.25 Cr.	+122.9%	—	15.1	−25.5%
Castora Agri Commodities Ltd 531913	Iron & Steel Products	₹ 5.92 Cr.	—	—	46.5	−5.3%
Shree Precoated Steels 533110	Iron & Steel Products	₹ 5.82 Cr.	—	Loss	404.7	−2.8%
MFS Intercorp 513721	Iron & Steel Products	₹ 5.62 Cr.	—	Loss	83	−28.5%
Monind 532078	Iron & Steel Products	₹ 5.61 Cr.	—	Loss	2.9	—
Mahalaxmi Seamless 513460	Iron & Steel Products	₹ 5.46 Cr.	+37.8%	+77.8%	11.7	+7.5%
Aditya Ispat 513513	Iron & Steel Products	₹ 4.71 Cr.	+13.9%	Loss	28.3	−5.1%
Elango Industries 513452	Iron & Steel Products	₹ 4.45 Cr.	−95.2%	Loss	58.5	+8.5%
Heera Ispat 526967	Iron & Steel Products	₹ 3.46 Cr.	—	Loss	1.2	−8.3%
Vallabh Steels 513397	Iron & Steel Products	₹ 3.14 Cr.	—	Loss	25.5	−12.5%
APL Apollo Tubes Ltd APLAPOLLO	Iron & Steel Products	—	+8.5%	+11%	45.9	+15.9%	Strong results
DEEM ROLL TECH LIMITED DEEM	Iron & Steel Products	—	−10.5%	−34.7%	6.3	−7.1%	Credit rating cut
Goodluck India GOODLUCK	Iron & Steel Products	—	+30.9%	+67.5%	26.1	+2.8%	Strong results
M P K Steels (I) Limited 544553	Iron & Steel Products	—	—	—	7	−59.2%
Modern Malleables 517336	Iron & Steel Products	—	+98.5%	+206.1%	22.2	−7.2%
Ratnamani Metals & Tubes Ltd RATNAMANI	Iron & Steel Products	—	−15.6%	−15.7%	36.8	−2.5%	Credit rating raised
Rudra Global Infra Products RUDRA	Iron & Steel Products	—	+6.7%	−7.4%	11.7	+9.4%
Shree Marutinandan Tubes 544083	Iron & Steel Products	—	+44.9%	+200%	3.9	−18.5%
Sunflag Iron & Steel Company Ltd SUNFLAG	Iron & Steel Products	—	+5.5%	+4.8%	33.3	+13.8%
Supreme Engineering SUPREMEENG	Iron & Steel Products	—	−51.5%	+2,028.6%	12.2	+130.7%
Venus Pipes & Tubes Ltd VENUSPIPES	Iron & Steel Products	—	+16.3%	+4%	35.4	+10.4%
Tembo Global Industries TEMBO	Iron & Steel Products	—	—	—	—	—
P S Raj Steels PSRAJ	Iron & Steel Products	—	—	—	—	—

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.