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. This blog will cover the best steel company stocks along with their advantages, risks, and factors to consider while investing in these stocks.
List of Best Steel Stocks in India
Friday, 3 October, 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 | 1,219.60 | 1,555.00 | 919.10 | 58,307.69 | 61.95 | 27.84 | 6.32 | 0.70 | 11.49 | -20.30 | 76.28 | 172.14 | Midcap | Automobiles & Components | Metals & Mining | Automotive Parts & Equipment | 0.59 |
| GDPI | Godawari Power and Ispat Ltd | GPIL | /stocks/godawari-power-and-ispat-GDPI | Iron & Steel | 246.64 | 278.00 | 145.75 | 16,486.23 | 20.31 | 27.84 | 3.34 | 0.91 | 17.10 | 15.20 | 349.09 | 1,507.82 | Smallcap | Materials | Metals & Mining | Steel | 0.75 |
| JIST | Jindal Stainless Ltd | JSL | /stocks/jindal-stainless-JIST | Iron & Steel | 762.40 | 818.95 | 496.60 | 62,846.87 | 25.09 | 27.84 | 3.76 | 0.39 | 16.12 | -0.65 | 495.39 | 1,611.34 | Midcap | Materials | Metals & Mining | Steel | 3.34 |
| JNSP | Jindal Steel Ltd | JINDALSTEL | /stocks/jindal-steel-and-power-JNSP | Iron & Steel | 1,065.00 | 1,070.40 | 723.35 | 108,362.48 | 38.53 | 46.25 | 2.29 | 0.19 | 6.10 | 2.86 | 153.81 | 459.64 | Largecap | Materials | null | Steel | 0.12 |
| JSTL | JSW Steel Ltd | JSWSTEEL | /stocks/jsw-steel-JSTL | Iron & Steel | 1,146.10 | 1,167.90 | 880.00 | 279,604.95 | 79.80 | 27.84 | 3.42 | 0.31 | 4.34 | 11.56 | 83.80 | 306.35 | Largecap | Materials | Metals & Mining | Steel | 0.30 |
| NABV | Nava Limited | NAVA | /stocks/nava-bharat-ventures-NABV | Iron & Steel | 646.25 | 735.00 | 356.05 | 18,288.96 | 16.76 | 27.84 | 1.94 | 1.24 | 12.31 | 16.78 | 621.46 | 2,118.88 | Smallcap | Capital Goods | Metals & Mining | Industrial Conglomerates | -0.72 |
| NSLN | NMDC Steel Ltd | NSLNISP | /stocks/nmdc-steel-NSLN | Iron & Steel | 47.32 | 54.87 | 32.13 | 13,843.11 | -5.83 | 27.84 | 1.06 | 0.00 | -16.60 | -12.68 | 42.10 | 42.10 | Smallcap | Materials | Metals & Mining | Steel | 5.48 |
| PTC | PTC Industries Ltd | PTCIL | /stocks/ptc-industries-PTC | Iron & Steel | 15,698.00 | 17,995.00 | 9,756.30 | 23,480.50 | 384.86 | 27.84 | 16.93 | 0.00 | 6.00 | 12.13 | 561.37 | 4,666.36 | Smallcap | Materials | Metals & Mining | Steel | 1.09 |
| SAEM | Sarda Energy & Minerals Ltd | SARDAEN | /stocks/sarda-energy-and-minerals-SAEM | Iron & Steel | 550.75 | 639.75 | 396.60 | 19,373.09 | 27.68 | 27.84 | 3.03 | 0.27 | 13.48 | 22.05 | 562.32 | 2,301.35 | Smallcap | Materials | Metals & Mining | Steel | 2.10 |
| SAIL | Steel Authority of India Ltd | SAIL | /stocks/steel-authority-of-india-SAIL | Iron & Steel | 134.92 | 142.12 | 99.15 | 55,630.53 | 23.45 | 27.84 | 0.94 | 1.19 | 4.09 | -4.33 | 77.53 | 295.08 | Midcap | Materials | Metals & Mining | Steel | 0.33 |
| SHYAE | Shyam Metalics and Energy Ltd | SHYAMMETL | /stocks/shyam-metalics-and-energy-SHYAE | Iron & Steel | 924.35 | 1,001.00 | 628.25 | 25,672.58 | 28.27 | 27.84 | 2.28 | 0.49 | 8.41 | 2.31 | 224.79 | 145.74 | Smallcap | Materials | Metals & Mining | Steel | 1.21 |
| TISC | Tata Steel Ltd | TATASTEEL | /stocks/tata-steel-TISC | Iron & Steel | 167.51 | 174.44 | 122.62 | 209,111.64 | 61.13 | 27.84 | 2.29 | 2.15 | 3.72 | 0.29 | 70.32 | 358.93 | Largecap | Materials | Metals & Mining | Steel | -0.75 |
| USBL | Usha Martin Ltd | USHAMART | /stocks/usha-martin-USBL | Iron & Steel | 452.75 | 481.90 | 278.55 | 13,764.19 | 33.79 | 27.84 | 5.00 | 0.67 | 15.87 | 23.42 | 285.16 | 1,714.63 | Smallcap | Materials | Metals & Mining | Steel | -1.44 |
| WGSR | Welspun Corp Ltd | WELCORP | /stocks/welspun-corp-WGSR | Iron & Steel | 855.35 | 994.00 | 650.15 | 22,467.48 | 11.77 | 27.84 | 2.90 | 0.58 | 28.26 | 15.67 | 235.04 | 665.07 | Smallcap | Materials | Metals & Mining | Steel | -0.23 |
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.
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What Are Steel Stocks?
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 you can invest in the best steel stocks:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top steel stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a list of top steel stocks in India.
- Place a ‘Buy’ Order on the top steel stocks that align with your investment thesis.
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 are 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: The balance sheet can provide insights into how corporate expansion is financed, including debt sustainability and capital spending levels.
- Green Innovation: Companies with a focus on environmental sustainability may attract investors from funds that prioritise ESG factors.
- Market Exposure: Some firms may focus on home markets, while others have significant foreign business operations.
- Regulatory Environment: Government policies like tariffs, carbon taxes, and infrastructure initiatives can impact the steel production chain.
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To Wrap It Up…
Crude steel production grew to 13.5 mn tonnes in May 2025, but the steel industry still faces risks from overcapacity, policy changes, and global demand fluctuations. Indian steelmakers pursue green initiatives and expand internationally, yet these factors continue to create uncertainties. Investors can research large-cap steel stocks and mid-cap steel stocks to assess 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 affect exports, competition and profitability.
3. Are steel stocks suitable for long-term investment?
Steel stocks are cyclical and can be considered for long-term investments 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 the overall cost structure of the Indian steel stocks.
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