Iron & Steel Products sector
47 companies · ₹2.9 L cr · 24 with AI deep dives
5y revenue CAGR
median 13.68%(p25 8.75% · p75 21.38%)
5y avg ROCE
median 17.65%(p25 13.91% · p75 22.16%)
Debt / equity
median 0.23x(p25 0.07x · p75 0.42x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30headwindMENA geopolitical conflict triggers force majeure, suspending export volumes from March 20268 managements
Conflict escalating from ~28 February 2026 blocked shipments across the sector. Jindal SAW declared force majeure and suspended all exports from India and Abu Dhabi (~30-40k MT of…
- JINDALSAW (Q4FY26): “Despite a robust export order book, including 6 lakh metric tons of job contract from…”
tailwind7 managements🔒tailwind8 managements🔒headwind3 managements🔒headwind4 managements🔒mixed7 managements🔒tailwind3 managements🔒headwind2 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| APL Apollo Tubes Ltd | ₹51,342 cr | Unlock | roce compounderearnings quality strongnet cashgross block efficient | |
| Welspun Corp Ltd | ₹43,367 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Shyam Metalics & Energy Ltd | ₹28,527 cr | Unlock | capex coming onlineearnings quality strongnet cashcapex intensity elevated | |
| Ratnamani Metals & Tubes Ltd | ₹16,542 cr | Unlock | net cashcyclical high volatilitygross block efficient | |
| Godawari Power & Ispat Ltd | ₹16,541 cr | Unlock | latent operating leverageearnings quality strongnet cash | |
| Jindal Saw Ltd | ₹16,496 cr | Unlock | earnings quality strongdeleveragingcyclical high volatility | |
| Usha Martin Ltd | ₹15,540 cr | Unlock | net cashcyclical high volatilitygross block efficient | |
| Gallantt Ispat Ltd. | ₹13,935 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Jayaswal Neco Industries Ltd | ₹8,642 cr | Unlock | earnings quality strongdeleveragingcyclical high volatilitygross block efficient | |
| Maharashtra Seamless Ltd | ₹7,715 cr | Unlock | net cashcyclical peak basecyclical high volatilitycapex intensity elevated | |
| Sunflag Iron & Steel Company Ltd | ₹6,391 cr | Unlock | net cashcyclical high volatilitygross block efficient | |
| Aeroflex Industries Ltd | ₹5,907 cr | Unlock | net cashcapex intensity elevated | |
| Technocraft Industries (India) Ltd | ₹5,870 cr | Unlock | roce compoundercapex intensity elevatedgross block efficient | |
| Surya Roshni Ltd | ₹5,195 cr | Unlock | earnings quality strongnet cashcyclical high volatilitygross block efficient | |
| Goodluck India Ltd | ₹5,072 cr | Unlock | latent operating leverageroce compounderdeleveraginggross block efficient | |
| Bansal Wire Industries Ltd | ₹4,863 cr | Unlock | capex coming onlinegross block efficient | |
| Electrosteel Castings Ltd | ₹4,426 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecyclical peak base | |
| Shivalik Bimetal Controls Ltd | ₹4,210 cr | Unlock | roce compoundercyclical high volatilitygross block efficient | |
| Kalyani Steels Ltd | ₹3,966 cr | Unlock | latent operating leveragecapex coming onlineearnings quality strongcapex ahead of revenue | |
| Man Industries (India) Ltd | ₹3,957 cr | Unlock | capex coming onlineearnings quality strongcyclical high volatilitygross block efficient | |
| Venus Pipes & Tubes Ltd | ₹3,456 cr | Unlock | latent operating leveragecapex coming onlineroce compounderdeleveraging | |
| Vardhman Special Steels Ltd | ₹2,860 cr | Unlock | latent operating leveragenet cashcyclical high volatilitycapex intensity elevated | |
| JTL Industries Ltd | ₹2,819 cr | Unlock | latent operating leveragecapex coming onlinecyclical high volatilitygross block efficient | |
| MSP Steel & Power Ltd | ₹2,046 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Hi-Tech Pipes Ltd | ₹1,733 cr | Unlock | gross block efficient | |
| Steel Exchange India Ltd | ₹1,423 cr | Unlock | earnings quality strongdeleveragingcyclical high volatility | |
| Aeroflex Enterprises Ltd | ₹1,379 cr | Unlock | latent operating leveragenet cash | |
| Mahamaya Steel Industries Ltd | ₹1,367 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Bharat Wire Ropes Ltd | ₹1,367 cr | Unlock | earnings quality strongnet cashcyclical high volatility | |
| Ratnaveer Precision Engineering Ltd | ₹1,331 cr | Unlock | capex coming onlineearnings quality weakgross block efficient | |
| Manaksia Coated Metals & Industries Ltd | ₹1,308 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Electrotherm (India) Ltd | ₹1,290 cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Hariom Pipe Industries Ltd | ₹1,195 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Gandhi Special Tubes Ltd | ₹1,061 cr | Unlock | roce compoundercyclical high volatilitycapex intensity elevatedgross block efficient | |
| Kamdhenu Ltd | ₹1,012 cr | Unlock | roce compounderearnings quality strongcyclical high volatilitygross block efficient | |
| Rama Steel Tubes Ltd | ₹694 cr | Unlock | cyclical peak basecyclical high volatilitygross block efficient | |
| Shah Metacorp Ltd | ₹408 cr | Unlock | deleveraginggross block efficient | |
| Manaksia Ltd | ₹361 cr | Unlock | capex coming onlinenet cashcapex ahead of revenuecyclical high volatility | |
| Bedmutha Industries Ltd | ₹348 cr | Unlock | capex coming onlineearnings quality strongdeleveraginggross block efficient | |
| D P Wires Ltd | ₹258 cr | Unlock | earnings quality strongnet cashcyclical high volatilitygross block efficient | |
| Vibhor Steel Tubes Ltd | ₹207 cr | Unlock | earnings quality stronglevering upgross block efficient | |
| Incredible Industries Ltd | ₹159 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecyclical high volatility | |
| Shah Alloys Ltd | ₹131 cr | Unlock | latent operating leveragedeleveragingcyclical high volatilitygross block underutilised | |
| Sarthak Metals Ltd | ₹90 cr | Unlock | latent operating leveragenet cashcyclical high volatilitygross block efficient | |
| Hisar Metal Industries Ltd | ₹83 cr | Unlock | latent operating leverageearnings quality strongdeleveragingcyclical peak base | |
| Zenith Steel Pipes & Industries Ltd | ₹80 cr | Unlock | latent operating leveragecyclical high volatility | |
| Prakash Steelage Ltd | ₹70 cr | Unlock | earnings quality weaknet cashcyclical peak basecyclical high volatility |