Top Steel Stocks
India ranks second in steel production and contributes roughly 2% to the gross domestic production (GDP). The country produces more than 100 mn tonnes of crude steel per year. The steel industry is one of the most crucial sectors in the Indian economy, as it supports key industries such as construction, manufacturing, and infrastructure development.
List of Best Steel Stocks in India
Friday, 4 July, 2025
symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRG | Bharat Forge Ltd | BHARATFORG | /stocks/bharat-forge-BFRG | Iron & Steel | 1,298.70 | 1,771.20 | 919.10 | 62,696.54 | 66.62 | 28.17 | 8.75 | 0.63 | 13.68 | -21.65 | 99.98 | 261.96 | Midcap | Automobiles & Components | Metals & Mining | Automotive Parts & Equipment | 1.22 |
GDPI | Godawari Power and Ispat Ltd | GPIL | /stocks/godawari-power-and-ispat-GDPI | Iron & Steel | 183.69 | 253.40 | 145.75 | 12,363.22 | 15.23 | 28.17 | 2.71 | 0.55 | 22.01 | -16.99 | 256.68 | 2,153.87 | Smallcap | Materials | Metals & Mining | Steel | -0.57 |
JIST | Jindal Stainless Ltd | JSL | /stocks/jindal-stainless-JIST | Iron & Steel | 697.85 | 848.00 | 496.60 | 57,952.05 | 23.13 | 28.17 | 4.03 | 0.43 | 20.60 | -15.38 | 596.11 | 1,629.49 | Midcap | Materials | Metals & Mining | Steel | -2.57 |
JNSP | Jindal Steel And Power Ltd | JINDALSTEL | /stocks/jindal-steel-and-power-JNSP | Iron & Steel | 956.50 | 1,073.70 | 723.35 | 98,011.07 | 34.85 | 28.17 | 2.19 | 0.20 | 14.18 | -8.93 | 187.84 | 522.32 | Midcap | Materials | Metals & Mining | Steel | -0.37 |
JSTL | JSW Steel Ltd | JSWSTEEL | /stocks/jsw-steel-JSTL | Iron & Steel | 1,046.10 | 1,074.90 | 854.15 | 258,666.40 | 73.82 | 28.17 | 3.24 | 0.00 | 12.00 | 10.07 | 89.68 | 447.84 | Largecap | Materials | Metals & Mining | Steel | -0.45 |
NABV | Nava Limited | NAVA | /stocks/nava-bharat-ventures-NABV | Iron & Steel | 613.45 | 673.90 | 351.75 | 16,937.63 | 15.52 | 28.17 | 2.04 | 1.71 | 16.28 | 62.93 | 592.77 | 2,199.72 | Smallcap | Capital Goods | Metals & Mining | Industrial Conglomerates | -0.35 |
NSLN | NMDC Steel Ltd | NSLNISP | /stocks/nmdc-steel-NSLN | Iron & Steel | 40.98 | 62.45 | 32.13 | 11,848.44 | -4.99 | 28.17 | 0.76 | 0.00 | -9.59 | -28.98 | 23.06 | 23.06 | Smallcap | Materials | Metals & Mining | Steel | -1.20 |
PTC | PTC Industries Ltd | PTCIL | /stocks/ptc-industries-PTC | Iron & Steel | 14,755.00 | 17,995.00 | 9,756.30 | 22,507.66 | 368.86 | 28.17 | 34.86 | 0.00 | 8.87 | -0.61 | 928.47 | 8,812.72 | Smallcap | Materials | Metals & Mining | Steel | 0.97 |
SAEM | Sarda Energy & Minerals Ltd | SARDAEN | /stocks/sarda-energy-and-minerals-SAEM | Iron & Steel | 434.05 | 563.45 | 231.00 | 15,205.25 | 21.73 | 28.17 | 3.81 | 0.35 | 13.94 | 84.14 | 413.43 | 2,517.91 | Smallcap | Materials | Metals & Mining | Steel | -0.36 |
SAIL | Steel Authority of India Ltd | SAIL | /stocks/steel-authority-of-india-SAIL | Iron & Steel | 136.50 | 158.75 | 99.15 | 56,786.46 | 23.94 | 28.17 | 0.99 | 1.16 | 5.48 | -9.97 | 97.83 | 342.46 | Midcap | Materials | Metals & Mining | Steel | -1.30 |
SHYAE | Shyam Metalics and Energy Ltd | SHYAMMETL | /stocks/shyam-metalics-and-energy-SHYAE | Iron & Steel | 877.15 | 956.90 | 628.25 | 24,438.20 | 26.91 | 28.17 | 2.37 | 0.51 | 11.51 | 19.71 | 217.29 | 133.19 | Smallcap | Materials | Metals & Mining | Steel | 0.16 |
TISC | Tata Steel Ltd | TATASTEEL | /stocks/tata-steel-TISC | Iron & Steel | 165.91 | 178.19 | 122.62 | 207,076.82 | 60.54 | 28.17 | 2.27 | 2.17 | 3.72 | -5.93 | 94.16 | 402.76 | Largecap | Materials | Metals & Mining | Steel | -1.75 |
USBL | Usha Martin Ltd | USHAMART | /stocks/usha-martin-USBL | Iron & Steel | 371.85 | 451.00 | 278.55 | 11,053.70 | 27.13 | 28.17 | 4.64 | 0.83 | 19.19 | -7.84 | 187.48 | 1,831.69 | Smallcap | Materials | Metals & Mining | Steel | -0.42 |
WGSR | Welspun Corp Ltd | WELCORP | /stocks/welspun-corp-WGSR | Iron & Steel | 922.50 | 994.00 | 570.00 | 24,679.45 | 12.93 | 28.17 | 4.29 | 0.53 | 20.92 | 55.74 | 333.20 | 1,058.92 | Smallcap | Materials | Metals & Mining | Steel | 0.95 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of steel stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Readymade Model Portfolios in the Steel Sector
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Disclosure for the Metal Tracker smallcase.
What Are Steel Stocks?
Steel stocks represent shares of companies involved in the production, manufacturing, or distribution of steel. These stocks reflect the financial health, global competitiveness and market performance of companies in India’s steel sector. Tracking steel stock prices gives you an idea of the overall sector performance.
About the Top Steel Stocks in India
- Tata Steel Ltd: Tata Steel has an international presence with operations in India, Europe, and Southeast Asia. It is a producer of flat and long steel products and is also making significant investments in green steel solutions and high-performance operations.
- JSW Steel Ltd: JSW Steel is oriented towards value-added products, exports, and capacity expansion. It’s also advancing well on decarbonisation, so it’s a strong contender in steel stocks analysis for ESG investors.
- Steel Authority of India Ltd (SAIL): SAIL is a state-owned behemoth with integrated steel operations. Being a market-leading government-sponsored steel stock, it enjoys stable demand from the railways, defence, and government infrastructure sectors.
- Jindal Steel & Power Ltd (JSPL): JSPL is a diversified steel, power, and mining player. It has a reputation for long steel products with high margins and solid infrastructure reach
- Jindal Stainless Ltd: Jindal Stainless supplies the automobile and consumer durable industries. With a strong export focus and efficient operations, it is valued for its steel production capabilities, consistent dividends, and potential for long-term growth.
How to invest in Steel Stocks through smallcase?
Here is how one can invest in the top steel stocks for beginners or seasoned investors in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into steel investments in India that is of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the steel stocks India of your choosing.
Future Outlook for Steel Stocks in India
- Rising Demand: India’s steel consumption will increase to 230 mn tonnes by 2030, led by infrastructure, transport and clean energy.
- Expansion of capacity: The government intends to expand the nation’s steel production capacity by two times, thus growing the market size for major steel players.
- Green Transition: With international carbon regulations becoming stricter, Indian steelmakers are shifting towards low-carbon technology such as hydrogen-based steel production and electric arc furnaces.
- Policy Support: The protectionist duties of safeguarding and other such measures by the government may assist domestic manufacturers by lessening foreign competition.
Advantages of Investing in Steel Sector Stocks
- Long-Term Demand: Continuous demand for steel is expected from infrastructure, construction, and housing.
- Attractive Dividends: Many large-cap steel companies reward shareholders with dividends.
- Global Exposure: Several Indian steel companies operate internationally, offering diversification opportunities.
- Inflation Hedge: Steel stocks may also be used as an inflation hedge because they tend to do well during periods of inflation.
- Policy Tailwinds: Protective policies by the government favour local steel firms.
Risks Associated with Steel Shares
- Cyclicality: Steel equities exhibit cyclicality due to their susceptibility to international commodity trends, which impact their performance.
- Input Cost Volatility: The costs of producing steel and margins get impacted by rises in coal and iron ore prices.
- Capex-Heavy Compliance: Compliance requirements for green operations compel companies to undertake substantial capital expenditures.
- Trade Uncertainty: Steel firms struggle with profitability because of complicated trade uncertainties like tariffs and policy changes.
- Overcapacity: Production capacity expansion often outruns market demand, and thus, there is a likelihood of underutilisation of plants.
Factors to Consider Before Investing in Steel Stocks in India
- Debt and CapEx: You can review the balance sheet to assess how corporate expansion is financed, including debt sustainability through analysis of debt levels and capital spending.
- Green Innovation: Companies committed to being environmentally sustainable will attract investors from funds that consider ESG factors.
- Market Exposure: Analyse whether the firm puts its emphasis on home markets or has significant foreign business operations.
- Regulatory Environment: Analyse government policies like tariffs, carbon taxes, and infrastructure initiatives that impact the steel production chain.
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To Wrap It Up…
Despite the notable growth in crude steel production, which reached 13.5 million tonnes in May 2025, the steel industry remains vulnerable to market risks such as overcapacity, policy changes, and global demand fluctuations. While Indian steelmakers are actively pursuing green initiatives and expanding internationally, these factors still introduce significant uncertainties. Investors are advised to conduct thorough research and consider potential risks before engaging with steel stocks.
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Frequently Asked Questions About Steel Stocks
1. What drives the performance of steel stocks in India?
Steel stock performance is driven by demand, raw material costs, government policies, global economic conditions and domestic infrastructure development.
2. How do global events impact Indian steel stocks?
Global events impact Indian steel stocks through price movements, trade policies, economic conditions and geopolitical risks which affects exports, competition and profitability.
3. Are steel stocks suitable for long-term investment?
Steel stocks are cyclical and can be consideredfor long term investment during infrastructure, housing and industrial growth, but market conditions can impact performance.
4. How does government policy affect steel companies?
Government policies on tariffs, export incentives, infrastructure spending and environmental regulations impact steel companies’ cost, competitiveness and overall market performance.
5. What role do raw material costs play in steel production?
Raw material cost, especially iron ore and coal, impacts steel production cost. Price movement can impact margins and overall cost structure.