Additional Considerations Required While Assessing Jai Balaji Industries' (NSE:JAIBALAJI) Strong Earnings
May 03
Indian (NIFTY) Steel Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies147
- 7D-2.0%
- 3M5.0%
- 1Y64.1%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.0%, driven by a pullback from JSW Steel of 2.9%. Over the past 12 months, the industry was up 64%. As for the next few years, earnings are expected to grow by 41% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹11.3t | ₹8.5t | ₹424.0b | 22.9x | 26.6x | 1.3x |
| Fri, 05 Apr 2024 | ₹10.9t | ₹8.4t | ₹419.9b | 23.5x | 26.1x | 1.3x |
| Sun, 03 Mar 2024 | ₹10.7t | ₹8.4t | ₹419.9b | 23.6x | 25.4x | 1.3x |
| Tue, 30 Jan 2024 | ₹10.5t | ₹8.7t | ₹407.4b | 23.7x | 25.7x | 1.2x |
| Thu, 28 Dec 2023 | ₹10.2t | ₹8.7t | ₹351.4b | 22.5x | 29x | 1.2x |
| Sat, 25 Nov 2023 | ₹9.3t | ₹8.7t | ₹351.3b | 20.7x | 26.4x | 1.1x |
| Mon, 23 Oct 2023 | ₹8.9t | ₹8.6t | ₹381.1b | 19x | 23.5x | 1x |
| Wed, 20 Sep 2023 | ₹9.0t | ₹8.6t | ₹339.0b | 18x | 26.7x | 1.1x |
| Fri, 18 Aug 2023 | ₹8.2t | ₹8.6t | ₹340.3b | 16.2x | 24.2x | 1x |
| Sun, 16 Jul 2023 | ₹8.0t | ₹8.5t | ₹390.8b | 15.5x | 20.4x | 0.9x |
| Tue, 13 Jun 2023 | ₹7.2t | ₹8.5t | ₹394.5b | 15x | 18.3x | 0.8x |
| Thu, 11 May 2023 | ₹7.0t | ₹8.3t | ₹428.7b | 14.7x | 16.2x | 0.8x |
| Sat, 08 Apr 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 14.5x | 12.9x | 0.8x |
| Mon, 06 Mar 2023 | ₹6.7t | ₹8.4t | ₹517.1b | 13.5x | 12.9x | 0.8x |
| Wed, 01 Feb 2023 | ₹6.8t | ₹8.4t | ₹667.9b | 13.1x | 10.2x | 0.8x |
| Fri, 30 Dec 2022 | ₹6.7t | ₹8.4t | ₹721.3b | 13.3x | 9.2x | 0.8x |
| Sun, 27 Nov 2022 | ₹6.3t | ₹8.4t | ₹721.2b | 12.3x | 8.7x | 0.8x |
| Tue, 25 Oct 2022 | ₹5.8t | ₹8.3t | ₹923.6b | 12.7x | 6.3x | 0.7x |
| Thu, 22 Sep 2022 | ₹6.0t | ₹8.2t | ₹1.0t | 13.2x | 6x | 0.7x |
| Sat, 20 Aug 2022 | ₹5.8t | ₹8.2t | ₹1.0t | 12.5x | 5.8x | 0.7x |
| Mon, 18 Jul 2022 | ₹5.1t | ₹7.9t | ₹1.1t | 12.2x | 4.5x | 0.6x |
| Wed, 15 Jun 2022 | ₹5.2t | ₹7.8t | ₹1.1t | 11.2x | 4.6x | 0.7x |
| Fri, 13 May 2022 | ₹5.9t | ₹7.4t | ₹1.1t | 11.6x | 5.3x | 0.8x |
| Sun, 10 Apr 2022 | ₹7.0t | ₹7.1t | ₹1.1t | 13x | 6.5x | 1x |
| Tue, 08 Mar 2022 | ₹6.1t | ₹7.4t | ₹1.1t | 11.6x | 5.4x | 0.8x |
| Thu, 03 Feb 2022 | ₹6.2t | ₹7.0t | ₹1.1t | 13.2x | 5.7x | 0.9x |
| Sat, 01 Jan 2022 | ₹6.0t | ₹6.8t | ₹1.1t | 11.9x | 5.6x | 0.9x |
| Mon, 29 Nov 2021 | ₹5.8t | ₹6.8t | ₹1.1t | 9.9x | 5.4x | 0.8x |
| Wed, 27 Oct 2021 | ₹6.4t | ₹6.3t | ₹875.2b | 11.3x | 7.3x | 1x |
| Fri, 24 Sep 2021 | ₹6.2t | ₹6.1t | ₹804.6b | 10.3x | 7.7x | 1x |
| Sun, 22 Aug 2021 | ₹6.3t | ₹6.1t | ₹803.1b | 10.1x | 7.8x | 1x |
| Fri, 09 Jul 2021 | ₹6.2t | ₹6.1t | ₹803.1b | 9.5x | 7.7x | 1x |
Price to Earnings Ratio
14.2x
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 26.6x which is higher than its 3-year average PE of 13.4x.
- The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Steel industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 18% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Steel compare with similar industries?
| IN Market | -1.98% | |
| Materials | -1.81% | |
| Metals and Mining | -1.43% | |
| Steel | -1.96% | |
| Gold | 4.01% | |
| Diversified Metals and Mining | 2.02% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -3.85% | |
| Copper | -5.05% | |
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 | |
|---|---|---|---|---|---|
| 526371 NMDC | ₹266.85 | 4.9% +₹36.8b | 145.7% | PE12.2x | |
| JINDALSTEL Jindal Steel & Power | ₹943.60 | 1.5% +₹14.0b | 61.4% | PE17.3x | |
| 500470 Tata Steel | ₹166.05 | 0.7% +₹13.7b | 52.1% | PS0.9x | |
| 504614 Sarda Energy & Minerals | ₹273.75 | 14.1% +₹11.9b | 143.4% | PE17.5x | |
| 532144 Welspun | ₹590.85 | 4.7% +₹7.0b | 163.2% | PE14.3x |
