Last Updated on Aug 16, 2023 by Anjali Chourasiya
All steel companies listed in NSE
| Name | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) | 5Y Avg Return on Investment (%) |
| JSW Steel Ltd | 192,953.49 | 795.30 | 46.56 | 18.02 | 11.79 |
| Tata Steel Ltd | 144,920.20 | 115.95 | 16.54 | 2.61 | 11.17 |
| Jindal Steel And Power Ltd | 66,798.91 | 647.95 | 21.05 | 58.06 | 8.70 |
| Bharat Forge Ltd | 44,458.80 | 960.15 | 84.14 | 23.25 | 6.64 |
| Steel Authority of India Ltd | 36,107.12 | 84.90 | 16.59 | 2.72 | 8.66 |
| Jindal Stainless Ltd | 33,387.19 | 415.10 | 15.79 | 245.92 | 14.68 |
| Lloyds Metals And Energy Ltd | 30,525.77 | 595.35 | -105.79 | 324.34 | 8.80 |
| NMDC Steel Ltd | 13,764.89 | 46.50 | – | – | – |
| KIOCL Ltd | 13,141.40 | 210.45 | -134.55 | 8.70 | 8.30 |
| Shyam Metalics and Energy Ltd | 11,887.55 | 469.75 | 13.86 | 56.82 | 19.47 |
| Usha Martin Ltd | 9,912.44 | 324.80 | 28.31 | 131.42 | 14.37 |
| Welspun Corp Ltd | 8,615.78 | 319.25 | 41.68 | 40.73 | 10.87 |
| Godawari Power and Ispat Ltd | 7,960.42 | 575.55 | 10.03 | 93.17 | 21.13 |
| Sarda Energy & Minerals Ltd | 6,822.04 | 189.85 | 11.33 | 116.33 | 11.26 |
| Kirloskar Ferrous Industries Ltd | 6,752.54 | 473.85 | 17.09 | 90.07 | 14.92 |
| PTC Industries Ltd | 6,205.21 | 6,040.35 | 240.42 | 219.92 | 5.40 |
| Nava Limited | 5,985.23 | 406.95 | 6.45 | 83.43 | 9.71 |
| Surya Roshni Ltd | 4,137.54 | 781.90 | 12.33 | 121.06 | 10.54 |
| Tinplate Company of India Ltd | 3,827.37 | 358.75 | 26.80 | 20.45 | 15.55 |
| Rajratan Global Wire Ltd | 3,734.48 | 722.80 | 37.30 | -32.93 | 18.88 |
| Sunflag Iron and Steel Co Ltd | 3,673.51 | 200.70 | 3.29 | 137.94 | 10.70 |
| Jai Balaji Industries Ltd | 3,601.56 | 232.85 | 62.29 | 395.95 | – |
| Tata Steel Long Products Ltd | 3,371.43 | 728.55 | -3.11 | 16.03 | 6.67 |
| JTL Infra Ltd | 3,268.88 | 388.05 | 36.26 | 83.78 | 19.30 |
| Shivalik Bimetal Controls Ltd | 3,068.70 | 527.85 | 38.80 | 52.47 | 17.30 |
| Maithan Alloys Ltd | 2,894.96 | 1,032.60 | 5.80 | 1.71 | 24.80 |
| Venus Pipes & Tubes Ltd | 2,832.39 | 1,383.30 | 64.07 | 253.02 | – |
| Jayaswal Neco Industries Ltd | 2,787.11 | 27.55 | 12.29 | 25.51 | – |
| Tata Metaliks Ltd | 2,780.48 | 867.70 | 34.52 | 18.47 | 16.70 |
| ISMT Ltd | 2,506.21 | 81.75 | 28.57 | 46.11 | – |
| Mukand Ltd | 2,360.90 | 158.55 | 13.74 | 39.38 | 8.40 |
| MM Forgings Ltd | 2,311.85 | 920.85 | 18.07 | -1.05 | 8.96 |
| Gallantt Metal Ltd | 2,047.42 | 88.05 | 14.53 | 29.68 | 8.83 |
| Welspun Specialty Solutions Ltd | 1,965.24 | 36.70 | -143.03 | 121.08 | – |
| Kalyani Steels Ltd | 1,939.74 | 448.75 | 11.61 | 57.29 | 13.84 |
| Indian Metals and Ferro Alloys Ltd | 1,868.97 | 340.90 | 8.30 | 20.57 | 11.20 |
| Prakash Industries Ltd | 1,637.70 | 91.10 | 8.60 | 72.05 | 9.95 |
| Salasar Techno Engineering Ltd | 1,600.08 | 50.00 | 39.83 | 68.92 | 12.17 |
| Steel Exchange India Ltd | 1,488.66 | 12.25 | -25.29 | -14.04 | 8.90 |
| Vardhman Special Steels Ltd | 1,458.91 | 175.95 | 14.52 | 46.11 | 9.07 |
| Bharat Wire Ropes Ltd | 1,435.95 | 209.75 | 23.08 | 105.54 | 5.38 |
| Goodluck India Ltd | 1,416.16 | 548.20 | 16.13 | 47.03 | 10.80 |
| Pennar Industries Ltd | 1,173.54 | 91.85 | 15.56 | 135.82 | 11.10 |
| Steel Cast Ltd | 1,115.10 | 561.40 | 15.81 | 24.71 | 16.91 |
| Beekay Steel Industries Ltd | 1,090.28 | 552.35 | 10.39 | 28.53 | 17.35 |
| BMW Industries Ltd | 1,087.94 | 51.56 | 19.97 | 107.90 | 2.89 |
| Nelcast Ltd | 1,052.60 | 123.35 | 35.41 | 67.82 | 6.50 |
| Kamdhenu Ltd | 794.50 | 283.95 | 19.36 | 39.26 | 12.38 |
| D P Wires Ltd | 749.76 | 572.30 | 18.28 | 87.42 | 18.10 |
| Supershakti Metaliks Ltd | 576.26 | 500.00 | 17.30 | 38.89 | 14.16 |
| MSP Steel & Power Ltd | 493.18 | 13.35 | -9.75 | 40.53 | 4.47 |
| Shyam Century Ferrous Ltd | 385.42 | 18.65 | 14.47 | -14.84 | 11.17 |
| Mangalam Worldwide Ltd | 340.44 | 138.45 | 20.92 | 24.73 | 9.58 |
| Suraj Products Ltd | 317.84 | 291.65 | 12.22 | 224.78 | 12.50 |
| Uni-Abex Alloy Products Ltd | 313.17 | 1,658.90 | 16.91 | 178.22 | 17.87 |
| Suraj Ltd | 294.61 | 156.70 | 14.64 | 110.48 | 9.23 |
| Manaksia Steels Ltd | 288.41 | 45.40 | 23.68 | 10.33 | 8.15 |
| Pradeep Metals Ltd | 285.39 | 171.30 | 10.88 | 57.88 | 13.86 |
| Rudra Global Infra Products Ltd | 278.46 | 111.80 | 20.09 | -6.37 | 8.68 |
| Tembo Global Industries Ltd | 252.74 | 226.35 | 43.73 | 79.43 | 10.79 |
| Geekay Wires Ltd | 246.88 | 240.05 | 10.11 | 226.60 | 10.12 |
| Swastik Pipe Ltd | 236.30 | 97.40 | 26.05 | – | – |
| Panchmahal Steel Ltd | 233.22 | 118.20 | 170.23 | -17.54 | 10.21 |
| Bedmutha Industries Ltd | 228.45 | 70.10 | 17.56 | -6.72 | – |
| Shri Bajrang Alliance Ltd | 222.88 | 243.00 | 6.52 | 25.13 | 16.52 |
| Magna Electro Castings Ltd | 210.44 | 478.50 | 12.29 | 84.71 | 12.25 |
| Ashnisha Industries Ltd | 207.96 | 21.02 | 231.06 | 1,061.33 | -1.28 |
| Scan Steels Ltd | 190.31 | 36.05 | 12.42 | 1.84 | 8.01 |
| Visa Steel Ltd | 184.19 | 15.85 | 0.11 | 12.81 | – |
| K I C Metaliks Ltd | 175.31 | 49.06 | 9.45 | 11.00 | 13.22 |
| Kritika Wires Ltd | 150.55 | 17.10 | 25.18 | -15.14 | 9.73 |
| Chaman Metallics Ltd | 144.36 | 58.00 | 8.45 | – | – |
| SAL Steel Ltd | 141.98 | 16.75 | 40.11 | 103.03 | – |
| Electrotherm (India) Ltd | 136.65 | 108.95 | -11.56 | 36.44 | – |
| Facor Alloys Ltd | 134.83 | 6.82 | 15.97 | -6.45 | 9.71 |
| Incredible Industries Ltd | 125.31 | 26.90 | 25.52 | 15.20 | 6.89 |
| Goyal Aluminiums Ltd | 118.18 | 8.65 | 54.46 | – | 1.99 |
| Bhagwati Autocast Ltd | 117.41 | 404.40 | 15.21 | 118.59 | 7.30 |
| Shah Metacorp Ltd | 115.66 | 2.80 | 70.10 | 5.74 | – |
| National Fittings Ltd | 110.03 | 120.50 | 25.12 | 143.43 | 5.02 |
| Mahamaya Steel Industries Ltd | 108.78 | 64.55 | 20.00 | -3.66 | 6.39 |
| Shah Alloys Ltd | 108.59 | 53.95 | -33.62 | -9.40 | – |
| Kalyani Forge Ltd | 98.22 | 271.15 | 27.13 | 41.15 | 4.33 |
| India Steel Works Ltd | 81.50 | 2.14 | -2.27 | -18.94 | -3.49 |
| Kanishk Steel Industries Ltd | 81.02 | 28.39 | 8.53 | 1.03 | 13.31 |
| Bihar Sponge Iron Ltd | 78.04 | 8.28 | 6.43 | -6.23 | – |
| Metal Coatings (India) Ltd | 72.89 | 95.52 | 26.41 | 104.32 | 7.95 |
| Gujarat Intrux Ltd | 70.06 | 193.50 | 12.23 | 53.15 | 8.61 |
| Ganga Forging Ltd | 68.06 | 6.65 | 41.25 | 3.10 | 4.72 |
| Vaswani Industries Ltd | 65.03 | 21.65 | 10.82 | 4.84 | 8.02 |
| Nova Iron and Steel Ltd | 62.71 | 16.95 | -35.03 | – | – |
| Garg Furnace Ltd | 56.16 | 136.85 | 9.46 | 248.66 | 6.64 |
| Remi Edelstahl Tubulars Ltd | 49.71 | 46.25 | 310.69 | 37.44 | 2.93 |
| Chennai Ferrous Industries Ltd | 49.71 | 142.10 | 15.06 | -17.02 | – |
| Uttam Galva Steels Ltd | 49.08 | 3.45 | -0.19 | 2.99 | – |
| Sharda Ispat Ltd | 46.25 | 95.30 | 11.59 | 28.96 | 18.18 |
| Auto Pins India Ltd | 46.17 | 82.00 | 54.31 | 8.54 | 9.81 |
| National General Industries Limited | 42.18 | 75.00 | 191.74 | -68.63 | 4.55 |
| Rathi Bars Ltd | 40.73 | 24.84 | 15.73 | -9.01 | 4.44 |
| Smiths & Founders India Ltd | 39.72 | 3.71 | 158.87 | -31.04 | 4.22 |
| Simplex Castings Ltd | 36.50 | 63.21 | -2.15 | 65.69 | 1.00 |
| Ankit Metal & Power Ltd | 33.99 | 2.40 | -0.34 | -62.20 | – |
| Impex Ferro Tech Ltd | 28.68 | 3.20 | -0.85 | -41.28 | – |
| A G Universal Ltd | 27.52 | 49.00 | 23.72 | – | – |
| OCL Iron and Steel Ltd | 26.88 | 1.85 | -0.07 | 0.00 | – |
| Aanchal Ispat Ltd | 24.84 | 11.35 | -1.06 | -5.34 | 2.95 |
| Sanghvi Forging and Engineering Ltd | 24.42 | 16.40 | -4.58 | 0.00 | – |
| Ashiana Ispat Ltd | 24.10 | 30.32 | 8.06 | -12.50 | 5.25 |
| Kridhan Infra Ltd | 21.40 | 2.20 | -0.33 | -42.86 | – |
| Grand Foundry Ltd | 21.07 | 6.90 | -18.98 | 97.14 | – |
| SRU Steels Ltd | 20.92 | 17.05 | 29.89 | 49.56 | 3.65 |
| E L Forge Ltd | 20.21 | 9.68 | -8.75 | – | – |
| Modern Steel Ltd | 19.92 | 14.25 | 1.44 | -16.18 | – |
| Bloom Industries Ltd | 16.59 | 24.48 | 36.86 | -14.11 | -2.38 |
| Supreme Engineering Ltd | 16.31 | 0.65 | -0.16 | -70.45 | 6.69 |
| Eastcoast Steel Ltd | 16.27 | 30.15 | 20.60 | -39.82 | – |
| Bombay Wire Ropes Ltd | 12.12 | 22.50 | -23.30 | -45.98 | -6.19 |
| Shree Steel Wire Ropes Ltd | 11.04 | 34.19 | 13.97 | 40.12 | 7.72 |
| Rishabh Digha Steel and Allied Products Ltd | 9.42 | 17.00 | -21.40 | -32.67 | 5.87 |
| Heera Ispat Ltd | 6.51 | 11.06 | 23.24 | 197.31 | – |
| MFS Intercorp Ltd | 5.89 | 13.60 | 17.32 | -20.42 | -3.77 |
| UTL Industries Ltd | 5.69 | 1.77 | -56.89 | -50.97 | 10.85 |
| Sujana Universal Industries Ltd | 5.07 | 0.30 | -0.04 | 0.00 | – |
| Aditya Ispat Ltd | 4.31 | 8.79 | 13.89 | -10.76 | 5.73 |
| Gopal Iron and Steels Company (Gujarat) Ltd | 3.98 | 8.46 | 28.41 | 35.36 | – |
| Crimson Metal Engineering Company Ltd | 3.96 | 8.94 | 12.00 | 5.18 | 9.72 |
| Mahalaxmi Seamless Ltd | 3.76 | 7.10 | 9.65 | 6.77 | – |
| Indian Bright Steel Co Ltd | 1.94 | 19.37 | -21.60 | 33.13 | -30.16 |
| Carnation Industries Ltd | 1.54 | 4.23 | -1.27 | -5.37 | – |
| Viksit Engineering Ltd | 0.11 | 4.25 | -0.02 | 0.00 | -19.46 |
| Western Ministil Ltd | 0.09 | 0.40 | -0.48 | 0.00 | – |
Note: The data is from 16th August 2023. To get this list of steel companies in India on the Tickertape Stock Screener, apply the below-mentioned filter.
- Sector > Materials > Iron & Steel
Overview of the Indian steel industry
The Indian steel industry produces more than 100 MT of crude steel per year, surpassing Japan to become the world’s second-largest producer. Further, steel now contributes about 2% to India’s GDP and employs some 6 lakh people directly and 20 lakh people indirectly. If we look at the future of the industry, it is anticipated that the annual production of steel will exceed 300 mn tonnes by 2030-2031. For the same period, crude steel production is projected to reach 255 mn tonnes at 85% capacity utilisation achieving 230 mn tonnes of finished steel production, assuming a 10% yield loss or a 90% conversion ratio for the conversion of raw steel to finished steel.
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