Iron & Steel Products industry
153 companies · ₹3.8 L cr · 34 with AI deep dives · Q1FY27 report
Hormuz closure halts MENA pipe exports and spikes input costs; domestic mix keeps the recovery alive
- Revenue YoY
- +15.4%
- EBITDA margin
- 11.9%
- -50bps YoY
- Price, 1 year
- +17.9%
- 72% of names up
- P/E vs own 5y
- +59.3%
- 30.2x now
Exhibit 1The quarter in numbers
constant panel of 47 companies above ₹500 cr- Jun 26
- 45,635 cr
- Mar 26
- 46,741 cr
- QoQ
- -2.4%
- Jun 25
- 39,554 cr
- YoY
- +15.4%
- Peak
- 46,741 cr
- vs peak
- -2.4%
- Jun 26
- 11.9%
- Mar 26
- 11.9%
- QoQ
- 0bps
- Jun 25
- 12.4%
- YoY
- -50bps
- Peak
- 12.4%
- vs peak
- -50bps
Breadth: 78% of 50 companies grew revenue year on year (was 69% a quarter earlier) and 58% expanded margin (was 59%).
Exhibit 2What it costs
20.35x - 46.84x across the panel todayThe median name trades at 30.2x, +59.3% against this industry's own 5-year median of 18.9x, and +8.2% against its own peak of 27.9x.
Exhibit 3Structure
₹3.8 L crWelspun Corp Ltd is 17.6% of this industry by market cap. The top 5 are 51.9% and the top 10 are 68.7%.
Exhibit 4Screen
P/E below the sub-industry median of 30.18x, 5y ROCE above its median of 14.59%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 153)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹30,007 cr
- P/E
- 35.2x
- EV/EBITDA
- 12.2x
- ROCE
- 12.9%
- Margin
- 13.5%
- Rev YoY
- +23.5%
- Mcap
- ₹19,774 cr
- P/E
- 45.2x
- EV/EBITDA
- 23.1x
- ROCE
- 16.3%
- Margin
- 18.8%
- Rev YoY
- -15.6%
- Mcap
- ₹16,494 cr
- P/E
- 21.0x
- EV/EBITDA
- 12.7x
- ROCE
- 18.1%
- Margin
- 24.3%
- Rev YoY
- +32.3%
- Mcap
- ₹8,744 cr
- P/E
- 15.8x
- EV/EBITDA
- 8.1x
- ROCE
- 24.2%
- Margin
- 18.6%
- Rev YoY
- +27.7%
- Mcap
- ₹7,385 cr
- P/E
- 20.9x
- EV/EBITDA
- 14.4x
- ROCE
- 19.3%
- Margin
- 19.9%
- Rev YoY
- +27.2%
- Mcap
- ₹6,501 cr
- P/E
- 32.2x
- EV/EBITDA
- 15.0x
- ROCE
- 18.4%
- Margin
- 13.0%
- Rev YoY
- +41.9%
- Mcap
- ₹6,290 cr
- P/E
- 60.4x
- EV/EBITDA
- 44.7x
- ROCE
- 27.4%
- Margin
- 24.6%
- Rev YoY
- +33.4%
- Mcap
- ₹3,848 cr
- P/E
- 191.6x
- EV/EBITDA
- 22.4x
- ROCE
- 3.7%
- Margin
- 9.9%
- Rev YoY
- +12.1%
- Mcap
- ₹3,717 cr
- P/E
- 131.1x
- EV/EBITDA
- 57.8x
- ROCE
- 10.4%
- Margin
- 7.2%
- Rev YoY
- -3.8%
- Mcap
- ₹2,434 cr
- P/E
- 72.2x
- EV/EBITDA
- 22.7x
- ROCE
- 7.9%
- Margin
- 12.5%
- Rev YoY
- -
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30The US-Iran conflict triggered a Hormuz closure from March 2026, suspending MENA seaborne shipments and raising ocean freight to levels customers refuse to absorb. JINDALSAW has…
- JINDALSAW (Q1FY27): “While we hold a strong order book, including a 6 lakh metric ton work order from Saudi…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 128 companies
1-30- Mcap
- ₹6,070 cr
- P/E
- 30.2x
- EV/EBITDA
- 13.5x
- ROCE
- 3.6%
- Margin
- 12.2%
- Rev YoY
- +6.5%
- Mcap
- ₹2,122 cr
- P/E
- 220.4x
- EV/EBITDA
- 84.1x
- ROCE
- 9.9%
- Margin
- 2.9%
- Rev YoY
- +29.3%
- Mcap
- ₹1,373 cr
- P/E
- 32.4x
- EV/EBITDA
- 16.1x
- ROCE
- 18.7%
- Margin
- 10.2%
- Rev YoY
- +4.9%
- Mcap
- ₹1,084 cr
- P/E
- 10.0x
- EV/EBITDA
- 9.1x
- ROCE
- 23.4%
- Margin
- 15.7%
- Rev YoY
- +21.9%
98 more companies
This industry has 128 constituents beyond the covered names. The first page is free; premium opens the rest.
See plans →