Best Steel Sector Stocks in India (2025)
India is the second-largest producer of crude steel after China, showing how important the sector is globally. The steel industry contributes around 2% to India’s GDP and supports key areas like construction, railways, and manufacturing. The government now aims to increase steel production capacity to about 300 mn tn by 2030–31, driven by rising demand and planned infrastructure growth.
Best Steel Sector Stocks in India (2025)
Iron & Steel Stock Screener
Iron & Steel Stock Screener: Analyse & Filter Indian Stocks on Tickertape
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| NameStocks (139)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSW Steel LtdJSWSTEEL | Iron & SteelIron & Steel | 2,81,039.492,81,039.49 | 1,150.601,150.60 | 80.2180.21 | 0.610.61 | -4.33-4.33 | 18.8018.80 | 15.6615.66 | 3.443.44 | 4.344.34 | 7.507.50 | 0.300.30 | 1.211.21 | 1.931.93 | |
| 2. | Tata Steel LtdTATASTEEL | Iron & SteelIron & Steel | 2,08,187.862,08,187.86 | 166.77166.77 | 60.8660.86 | -0.09-0.09 | -8.67-8.67 | 5.435.43 | 14.3414.34 | 2.282.28 | 3.723.72 | 8.328.32 | 2.162.16 | 1.041.04 | 2.202.20 | |
| 3. | Jindal Steel LtdJINDALSTEL | Iron & SteelIron & Steel | 1,02,338.951,02,338.95 | 1,005.801,005.80 | 36.3936.39 | -1.19-1.19 | -5.08-5.08 | 5.685.68 | 7.517.51 | 2.162.16 | 6.106.10 | 8.178.17 | 0.200.20 | 0.390.39 | 2.312.31 | |
| 4. | Bharat Forge LtdBHARATFORG | Iron & SteelIron & Steel | 66,659.9066,659.90 | 1,394.301,394.30 | 70.8370.83 | -0.88-0.88 | 5.105.10 | 9.739.73 | 1.191.19 | 7.237.23 | 11.4911.49 | 16.6316.63 | 0.610.61 | 0.730.73 | 2.522.52 | |
| 5. | Lloyds Metals and Energy LtdLLOYDSME | Iron & SteelIron & Steel | 63,629.4663,629.46 | 1,195.801,195.80 | 43.8843.88 | -0.70-0.70 | -8.80-8.80 | -20.28-20.28 | 11.8211.82 | 9.949.94 | 31.4831.48 | 26.3426.34 | 0.080.08 | 0.120.12 | 3.163.16 | |
| 6. | Jindal Stainless LtdJSL | Iron & SteelIron & Steel | 61,600.9061,600.90 | 747.85747.85 | 24.5924.59 | -0.07-0.07 | -0.62-0.62 | 14.0114.01 | 1.891.89 | 3.693.69 | 16.1216.12 | 17.4217.42 | 0.400.40 | 0.380.38 | 2.702.70 | |
| 7. | Steel Authority of India LtdSAIL | Iron & SteelIron & Steel | 54,580.7654,580.76 | 132.14132.14 | 23.0123.01 | 0.170.17 | -5.15-5.15 | 0.240.24 | 8.168.16 | 0.930.93 | 4.094.09 | 6.706.70 | 1.211.21 | 0.630.63 | 2.682.68 | |
| 8. | PTC Industries LtdPTCIL | Iron & SteelIron & Steel | 27,376.3927,376.39 | 18,260.0018,260.00 | 448.72448.72 | -0.63-0.63 | 5.615.61 | 23.7423.74 | 54.7354.73 | 19.7419.74 | 6.006.00 | 5.965.96 | -- | 0.040.04 | 3.483.48 | |
| 9. | Shyam Metalics and Energy LtdSHYAMMETL | Iron & SteelIron & Steel | 22,291.6622,291.66 | 801.20801.20 | 24.5524.55 | -0.44-0.44 | -10.70-10.70 | -6.00-6.00 | -4.94-4.94 | 1.981.98 | 8.418.41 | 11.8311.83 | 0.560.56 | 0.070.07 | 2.472.47 | |
| 10. | Welspun Corp LtdWELCORP | Iron & SteelIron & Steel | 21,807.6121,807.61 | 827.55827.55 | 11.4311.43 | -0.67-0.67 | -11.65-11.65 | -9.21-9.21 | 4.214.21 | 2.812.81 | 28.2628.26 | 29.0729.07 | 0.600.60 | 0.140.14 | 2.992.99 | |
| 11. | KIOCL LtdKIOCL | Iron & SteelIron & Steel | 20,976.5320,976.53 | 345.15345.15 | -102.52-102.52 | -2.42-2.42 | -18.67-18.67 | 10.3210.32 | -7.28-7.28 | 12.2612.26 | -11.27-11.27 | -9.59-9.59 | -- | 0.110.11 | 5.225.22 | |
| 12. | Sarda Energy & Minerals LtdSARDAEN | Iron & SteelIron & Steel | 16,940.7316,940.73 | 480.75480.75 | 24.2124.21 | -0.42-0.42 | -11.74-11.74 | 9.629.62 | 0.110.11 | 2.652.65 | 13.4813.48 | 12.5112.51 | 0.310.31 | 0.450.45 | 3.533.53 | |
| 13. | Godawari Power and Ispat LtdGPIL | Iron & SteelIron & Steel | 15,800.4715,800.47 | 235.90235.90 | 19.4719.47 | -0.92-0.92 | -15.23-15.23 | 24.2224.22 | 15.3215.32 | 3.203.20 | 17.1017.10 | 21.9821.98 | 0.950.95 | 0.060.06 | 3.323.32 | |
| 14. | Nava LimitedNAVA | Iron & SteelIron & Steel | 14,987.7514,987.75 | 529.60529.60 | 13.7313.73 | 0.510.51 | -14.07-14.07 | -0.04-0.04 | 2.782.78 | 1.591.59 | 12.3112.31 | 15.4215.42 | 1.511.51 | 0.090.09 | 3.483.48 | |
| 15. | Gallantt Ispat LtdGALLANTT | Iron & SteelIron & Steel | 14,251.2614,251.26 | 590.65590.65 | 35.5635.56 | -0.08-0.08 | 3.423.42 | 32.1532.15 | 53.1853.18 | 5.015.01 | 15.1415.14 | 18.8118.81 | 0.210.21 | 0.130.13 | 4.264.26 | |
| 16. | Usha Martin LtdUSHAMART | Iron & SteelIron & Steel | 13,283.0113,283.01 | 436.15436.15 | 32.6132.61 | 2.822.82 | -11.24-11.24 | 42.0042.00 | 8.018.01 | 4.834.83 | 15.8715.87 | 18.3218.32 | 0.690.69 | 0.150.15 | 2.912.91 | |
| 17. | NMDC Steel LtdNSLNISP | Iron & SteelIron & Steel | 12,144.4312,144.43 | 41.4441.44 | -5.12-5.12 | -0.22-0.22 | -8.26-8.26 | 6.476.47 | -14.10-14.10 | 0.930.93 | -16.60-16.60 | -14.38-14.38 | -- | 0.450.45 | 3.323.32 | |
| 18. | Kirloskar Ferrous Industries LtdKIRLFER | Iron & SteelIron & Steel | 7,633.637,633.63 | 465.00465.00 | 25.9625.96 | 1.461.46 | -12.54-12.54 | -17.34-17.34 | -27.90-27.90 | 2.222.22 | 8.828.82 | 13.4513.45 | 1.191.19 | 0.370.37 | 2.602.60 | |
| 19. | Indian Metals and Ferro Alloys LtdIMFA | Iron & SteelIron & Steel | 7,567.607,567.60 | 1,402.601,402.60 | 19.9819.98 | 4.164.16 | 11.3911.39 | 105.33105.33 | 58.5258.52 | 3.213.21 | 16.9416.94 | 22.0622.06 | 1.431.43 | 0.160.16 | 3.543.54 | |
| 20. | Jayaswal Neco Industries LtdJAYNECOIND | Iron & SteelIron & Steel | 6,704.746,704.74 | 69.0569.05 | 59.5059.50 | -1.36-1.36 | -10.71-10.71 | 73.4573.45 | 60.2160.21 | 2.822.82 | 4.864.86 | 13.8613.86 | -- | 1.151.15 | 5.435.43 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Sub-sector: Iron & Steel | Market Cap: Sorted from Highest to Lowest
Selection criteria: Sub-sector: Iron & Steel | Market Cap: Sorted from Highest to Lowest
Government Policy and Budget Support for the Steel Sector in India
- National Steel Policy (NSP 2017): The government created this policy to guide the long-term growth of the steel industry. It focuses on improving capacity, ensuring raw material availability, lowering production costs, and making Indian steel more competitive globally.
- PLI Scheme for Specialty Steel: The Production-Linked Incentive (PLI) scheme supports companies that make high-value speciality steel in India. The government announced a financial outlay of about ₹6,322 crore to encourage modern technology, new investments, and higher domestic production. A second phase (PLI 1.1) was also introduced for 2025 & 30.
- DMI&SP Policy for Government Procurement: The Domestically Manufactured Iron and Steel Products (DMI&SP) Policy encourages government departments to buy India-made steel. This reduces reliance on imports and helps domestic steel companies grow.
- Trade Protection Measures: The government uses tools like safeguard duties, anti-dumping duties, and import monitoring to protect Indian steel producers from cheap or unfair foreign imports. These measures help stabilise prices and support the industry during weak global conditions.
How to Invest in Steel Stocks in India?
Investing in steel stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in steel stocks in India:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for “Iron & Steel”: Go to Tickertape Stock Screener and set the “Sub-sector: Iron & Steel” filter
- Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down a list of steel stocks in India.
- Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!
Overview of Top Steel Sector Stocks in India
JSW Steel Ltd
JSW Steel is one of India’s largest private steel makers, known for producing a wide range of flat and long steel products used in infrastructure, automotive, and construction.
Tata Steel Ltd
Tata Steel is a major integrated steel producer with operations in India and abroad. The company manufactures steel products for sectors like construction, engineering, packaging, and automotive.
Jindal Steel Ltd
Jindal Steel & Power Ltd focuses on steel, power, and mining. It produces steel products such as rails, plates, and structural steel, supporting construction, railways, and industrial projects.
Bharat Forge Ltd
Bharat Forge is a global forging company that supplies components for automotive, aerospace, power, and defence. It manufactures high-strength metal parts rather than traditional steel products.
Jindal Stainless Ltd
Jindal Stainless specialises in stainless steel. It produces coils, sheets, and precision strips used across industries such as kitchenware, automotive, railways, and industrial machinery.
What are Steel Stocks?
Steel stocks are shares of companies involved in producing, processing or supplying steel and steel-related products. These companies make items like crude steel, stainless steel, and rolled products used in construction, infrastructure, automotive, appliances, and manufacturing.
Advantages of Investing in Steel Stocks in India
Growing Domestic Demand
Steel demand in India continues to rise due to expansion in construction, housing, railways, automotive, and manufacturing sectors. This steady demand can benefit steel companies over time.
Infrastructure Push
Large government spending on highways, metro projects, railways, defence and clean energy increases steel consumption. Policies like the National Steel Policy and PLI scheme also support the sector.
Export Opportunities
India’s position as the second-largest steel producer offers opportunities to tap global markets, especially as India builds capacity in specialised and value-added steel products.
Improving Technology
Many steel companies are modernising operations, improving cost efficiency, adopting recycling technologies, and exploring green steel. Operational improvements can support margins and competitiveness.
Risks of Investing in Steel Stocks in India
Cyclical Industry
Steel demand depends heavily on construction, real estate, railways, and manufacturing. A slowdown in any of these sectors quickly reduces steel consumption, causing earnings to fall. This makes steel stocks highly cyclical.
Raw Material Prices
Steel production relies on iron ore, coking coal, limestone, and electricity. Prices of these inputs often change due to global supply issues, mining disruptions, or currency movements. Rising input costs can squeeze margins even when demand remains stable.
Capital Intensity
Steel plants require large investments in furnaces, rolling mills, and continuous capacity upgrades. Many companies carry high debt because of these capital needs. During weak market periods, interest costs can put pressure on profits.
Compliance Costs
Steel is one of the highest CO2-emitting industries. Companies must invest in pollution control, carbon reduction technology, and energy-efficient processes. New environmental rules can increase costs and require regular upgrades.
Dependence on Infrastructure
A large portion of steel demand comes from government infrastructure projects. Delays in project execution or cuts in capital expenditure can reduce steel consumption for long periods.
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Factors to Consider Before Investing in Steel Stocks
Demand Trends
Steel demand depends on sectors like infrastructure, automotive, construction, energy, and manufacturing. Tracking growth in these areas can give clarity on future steel consumption.
Raw Material Cost Movement
Prices of iron ore, coking coal, and power significantly impact profit margins. Stable or declining raw material costs usually support profitability, while sharp increases can reduce earnings.
Global Steel Prices
Steel prices are influenced by global supply and demand, especially from large producers like China. Falling international prices or oversupply can affect domestic prices and company margins.
Government Policies
Policies such as the National Steel Policy, PLI scheme for speciality steel, anti-dumping duties and infrastructure spending programs can support the sector. Changes in tariffs or import duties can also affect competitiveness.
Energy Efficiency
Modern, efficient plants often have lower production costs and better margins. Adoption of green steel and low-carbon technology is also becoming important due to environmental regulations.
Conclusion
As the second-largest steel producer in the world, India continues to see strong demand from construction, railways, automobiles, and infrastructure projects. At the same time, the sector faces challenges like raw material price swings, global competition, and high capital costs. Checking demand trends, financial strength, government policies, and market conditions can help you make better investment decisions. You can also use the Tickertape Stock Screener to compare steel companies across metrics like valuations, profitability, and growth before making an informed choice.
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Frequently Asked Questions on Steel Stocks
What are steel sector stocks?
Steel sector stocks are shares of companies involved in producing or supplying steel and steel-based products. These companies manufacture items used in construction, railways, automobiles, appliances, and heavy industries.Which are the best steel stocks?
As of 14th November, 2025, some of the best steel stocks based on market capitalisation include:- JSW Steel Ltd
- Tata Steel Ltd
- Jindal Steel Ltd
- Bharat Forge Ltd
- Jindal Stainless Ltd
Disclaimer: This information is for educational purposes only and should not be considered investment advice.Are steel stocks a good investment?
Steel stocks can benefit from growth in infrastructure, real estate, and manufacturing. However, the sector is cyclical and influenced by raw material prices, global steel trends, and government policies. Reviewing company fundamentals, market conditions, and steel demand can help you decide if they fit your investment approach.
Disclaimer: The above list of steel stocks is for educational purposes only and should not be considered investment advice.What is the importance of the steel industry in India?
The iron and steel industry, including steel dividend stocks, is a major contributor to the economy, supporting infrastructure, manufacturing, and export growth.How does global demand affect steel stocks in India?
Global demand impacts the steel company's share price, influencing both export opportunities and the domestic competitiveness of even long-term steel stocks.What factors affect the steel share price?
The steel share price of small, mid and large-cap steel stocks is influenced by raw material costs, government policies, and economic conditions.What are government policies impacting the steel industry?
The Ministry of Steel sets policies like tariffs, production incentives, and environmental regulations, which significantly affect the sector, including small, large and mid-cap steel stocks.
