Is the Steel Products sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 11 of 17 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Steel Products Stocks in India
Steel Products: Jindal Steel Ltd owns the largest revenue base; Banganga Paper Industries Ltd has the fastest current growth.
Nifty Steel Products Index — Constituents & Performance
The Steel Products companies below are the listed Indian Steel Products universe this page tracks — the same constituent set people search for as the Nifty Steel Products index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Steel Products moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 20% ahead of NIFTY 500. Earnings across its companies grew 4% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
LEADER · ahead 17w~Price up, without the fundamentals confirming9 of 15 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑17w · 10/15 >200d (−2) · 9/15 lead (−2) · EPS 7/15↑
Steel Products, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together9 of 15 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +6 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/3−1
Mid
4/6−1
Small
4/60
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 15 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Steel Products outperforming NIFTY 500?
The 52-week comparison of Steel Products against NIFTY 500 is not available from the current market series. 11 of 17 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Kamdhenu Ltd is the strongest against the sector itself at +15.6%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
11/17Stocks leading NIFTY 500
7/17Stocks leading sector
Sector metric: 30.2 as of 2026-07-19 · BROADENING · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 11 of 17 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Jindal Steel Ltd leads with revenue of ₹56,413 crore, based on 17 of 17 comparable companies through Jun 2026. Banganga Paper Industries Ltd has the fastest current revenue growth at 100%, across 17 of 17 comparable companies.
Which Steel Products company is largest by revenue?
Jindal Steel Ltd leads with revenue of ₹56,413 crore, based on 17 of 17 comparable companies through Jun 2026.
Which Steel Products company is growing fastest?
Banganga Paper Industries Ltd has the fastest current revenue growth at 100%, across 17 of 17 comparable companies.
Which Steel Products company has the strongest 4-Factor Sector Score?
Shyam Metalics & Energy Ltd ranks first at 69.1/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Steel Products company reports the most CAPEX?
Rhetan TMT Ltd reports the largest latest CAPEX at ₹0 crore, with 1 of 17 companies comparable.
Which Steel Products company has the least gross debt?
Raghav Productivity Enhancers Ltd has the lowest comparable gross debt at ₹5 crore. Jindal Steel Ltd has the highest at ₹22,610 crore.
Which Steel Products company has the lowest comparable PEG?
Vardhman Special Steels Ltd has the lowest comparable Guarded PEG at 0.42, among 8 of 17 companies that pass the metric’s comparability rules.
How much history does this Steel Products comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
17
complete canonical membership
Combined market value
₹1.8 L Cr
Jindal Steel Ltd
Revenue growing
12/17
positive TTM year-on-year growth
Beating NIFTY 500
11/17
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Shyam Metalics & Energy Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
Vardhman Special Steels Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Kalyani Steels Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Shyam Metalics & Energy Ltd · SHYAMMETL
69.1/100 · Favorable setup · 97% evidence
Exact sum: 26.3 + 15.2 + 12.6 + 15 = 69.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26.3/35Growth & earnings
Revenue 22.8% · PAT 21.3% · OPM change 1 pp
95% evidence
15.2/25Capital efficiency
ROCE 13% · debt/equity 0.08×
95% evidence
12.6/20Valuation
P/E 25.5× · PEG 1.19
100% evidence
15.0/20Relative strength
RS sector 2% · RS bench 14.3% · 1Y 12.3%
100% evidence
2. Raghav Productivity Enhancers Ltd · RPEL
68.5/100 · Favorable setup · 94% evidence
Exact sum: 31.8 + 20.4 + 4.6 + 11.7 = 68.5
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
31.8/35Growth & earnings
Revenue 34.3% · PAT 53.7% · OPM change 3 pp
100% evidence
20.4/25Capital efficiency
ROCE 30.3% · debt/equity 0.02×
100% evidence
4.6/20Valuation
P/E 95.5× · PEG 2.31
100% evidence
11.7/20Relative strength
RS sector -2.6% · RS bench 57.9% · 1Y 88.9%
70% evidence
3. Kamdhenu Ltd · KAMDHENU
68.3/100 · Favorable setup · 66% evidence
Exact sum: 19.9 + 18.1 + 10.5 + 19.8 = 68.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.9/35Growth & earnings
Revenue 34.5% · PAT 74.7% · OPM change -2 pp
35% evidence
18.1/25Capital efficiency
ROCE 16.9% · debt/equity 0.02×
95% evidence
10.5/20Valuation
P/E 33.5× · PEG —
50% evidence
19.8/20Relative strength
RS sector 15.6% · RS bench 29.3% · 1Y 11.5%
100% evidence
4. BMW Industries Ltd · 542669
65.0/100 · Favorable setup · 79% evidence
Exact sum: 20.1 + 13.9 + 13.5 + 17.5 = 65
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.1/35Growth & earnings
Revenue 5.9% · PAT 8% · OPM change 7 pp
83% evidence
13.9/25Capital efficiency
ROCE 12.4% · debt/equity 0.46×
80% evidence
13.5/20Valuation
P/E 15.3× · PEG —
50% evidence
17.5/20Relative strength
RS sector 7.1% · RS bench 19.1% · 1Y 0.6%
100% evidence
5. Sunflag Iron & Steel Company Ltd · SUNFLAG
64.1/100 · Mixed-positive evidence · 93% evidence
Exact sum: 23.1 + 13.3 + 11.5 + 16.2 = 64.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.1/35Growth & earnings
Revenue 11.4% · PAT 25.3% · OPM change 1 pp
83% evidence
13.3/25Capital efficiency
ROCE 4.1% · debt/equity 0.06×
95% evidence
11.5/20Valuation
P/E 30.2× · PEG 0.65
100% evidence
16.2/20Relative strength
RS sector 9.3% · RS bench 21.6% · 1Y 16.5%
100% evidence
6. Kalyani Steels Ltd · KSL
57.6/100 · Mixed-positive evidence · 96% evidence
Exact sum: 12 + 17 + 12.8 + 15.8 = 57.6
Decision use: Price leads the evidence: RS versus the benchmark is 16.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12.0/35Growth & earnings
Revenue -6.9% · PAT 1.6% · OPM change -1 pp
88% evidence
17.0/25Capital efficiency
ROCE 14.8% · debt/equity 0.23×
100% evidence
12.8/20Valuation
P/E 14.8× · PEG 1.01
100% evidence
15.8/20Relative strength
RS sector 4% · RS bench 16.5% · 1Y 2.7%
100% evidence
7. Vardhman Special Steels Ltd · VSSL
56.3/100 · Mixed-positive evidence · 93% evidence
Exact sum: 15.2 + 15.8 + 15 + 10.3 = 56.3
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15.2/35Growth & earnings
Revenue 6.3% · PAT 1.1% · OPM change 4.8 pp
100% evidence
15.8/25Capital efficiency
ROCE 16.5% · debt/equity 0.07×
100% evidence
15.0/20Valuation
P/E 31.1× · PEG 0.42
65% evidence
10.3/20Relative strength
RS sector -2% · RS bench 10% · 1Y 16.1%
100% evidence
8. Rhetan TMT Ltd · RHETAN
49.2/100 · Mixed-negative evidence · 89% evidence
Exact sum: 23.1 + 12.4 + 3.7 + 10 = 49.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.1/35Growth & earnings
Revenue -34.3% · PAT 100% · OPM change 76.5 pp
88% evidence
12.4/25Capital efficiency
ROCE 10.9% · debt/equity 0.39×
100% evidence
3.7/20Valuation
P/E 219× · PEG 3.94
65% evidence
10.0/20Relative strength
RS sector 1.9% · RS bench 14.2% · 1Y 61.2%
100% evidence
9. Steel Exchange India Ltd · STEELXIND
47.1/100 · Mixed-negative evidence · 80% evidence
Exact sum: 11.8 + 8.7 + 9.4 + 17.2 = 47.1
Decision use: Price leads the evidence: RS versus the benchmark is 23.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11.8/35Growth & earnings
Revenue -12.8% · PAT -8.8% · OPM change 3 pp
95% evidence
8.7/25Capital efficiency
ROCE 10.9% · debt/equity 0.54×
95% evidence
9.4/20Valuation
P/E 46.4× · PEG —
15% evidence
17.2/20Relative strength
RS sector 10.5% · RS bench 23.1% · 1Y 13.5%
100% evidence
10. Gallantt Ispat Ltd. · GALLANTT
45.8/100 · Mixed-negative evidence · 96% evidence
Exact sum: 13.8 + 16.7 + 10.3 + 5 = 45.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.8/35Growth & earnings
Revenue 3% · PAT 21.2% · OPM change -2 pp
88% evidence
16.7/25Capital efficiency
ROCE 18.2% · debt/equity 0.17×
100% evidence
10.3/20Valuation
P/E 26× · PEG 1.04
100% evidence
5.0/20Relative strength
RS sector -9% · RS bench 1.8% · 1Y 11.3%
100% evidence
11. Prakash Industries Ltd · PRAKASH
45.0/100 · Mixed-negative evidence · 77% evidence
Exact sum: 12.1 + 13.8 + 13.5 + 5.6 = 45
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12.1/35Growth & earnings
Revenue -13.3% · PAT -6.2% · OPM change 0 pp
83% evidence
13.8/25Capital efficiency
ROCE 9.6% · debt/equity 0.14×
95% evidence
13.5/20Valuation
P/E 6.7× · PEG —
50% evidence
5.6/20Relative strength
RS sector -9.1% · RS bench -14.8% · 1Y -30.7%
70% evidence
12. Panchmahal Steel Ltd · PANCHMSTEL
35.6/100 · Mixed-negative evidence · 62% evidence
Exact sum: 15.2 + 7.1 + 10 + 3.3 = 35.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15.2/35Growth & earnings
Revenue 0.3% · PAT -80% · OPM change 3.5 pp
62% evidence
7.1/25Capital efficiency
ROCE 3.1% · debt/equity 0.23×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
3.3/20Relative strength
RS sector -17.3% · RS bench -6.8% · 1Y 12.8%
100% evidence
13. Salasar Techno Engineering Ltd · SALASAR
34.4/100 · Adverse evidence · 69% evidence
Exact sum: 13.1 + 8.3 + 8.3 + 4.7 = 34.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.1/35Growth & earnings
Revenue 4.9% · PAT -33.3% · OPM change -3 pp
62% evidence
8.3/25Capital efficiency
ROCE 8.1% · debt/equity 0.51×
95% evidence
8.3/20Valuation
P/E 60.6× · PEG —
50% evidence
4.7/20Relative strength
RS sector -16.5% · RS bench -25% · 1Y -22.8%
70% evidence
14. Beekay Steel Industries Ltd · BEEKAY
31.7/100 · Adverse evidence · 77% evidence
Exact sum: 9.4 + 9.2 + 7.7 + 5.4 = 31.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9.4/35Growth & earnings
Revenue 9.3% · PAT -58.9% · OPM change -2 pp
83% evidence
9.2/25Capital efficiency
ROCE 5.5% · debt/equity 0.32×
95% evidence
7.7/20Valuation
P/E 20.8× · PEG —
50% evidence
5.4/20Relative strength
RS sector -13.7% · RS bench -7.7% · 1Y -20.3%
70% evidence
15. Jindal Steel Ltd · JINDALSTEL
31.1/100 · Adverse evidence · 100% evidence
Exact sum: 13.5 + 9.9 + 5.8 + 1.9 = 31.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.5/35Growth & earnings
Revenue 16.5% · PAT -9.8% · OPM change -7 pp
100% evidence
9.9/25Capital efficiency
ROCE 9.7% · debt/equity 0.44×
100% evidence
5.8/20Valuation
P/E 34.2× · PEG 2.69
100% evidence
1.9/20Relative strength
RS sector -17.7% · RS bench -7.4% · 1Y 7.1%
100% evidence
16. Electrotherm (India) Ltd · ELECTHERM
27.0/100 · Adverse evidence · 61% evidence
Exact sum: 4.8 + 4.6 + 10 + 7.6 = 27
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4.8/35Growth & earnings
Revenue -10.3% · PAT -80% · OPM change -4 pp
83% evidence
4.6/25Capital efficiency
ROCE 0.5% · debt/equity —
72% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
7.6/20Relative strength
RS sector -28.1% · RS bench 19.2% · 1Y -10.4%
70% evidence
17. Banganga Paper Industries Ltd · BANGANGA
44.2/100 · Thin evidence · provisional · 46% evidence
Exact sum: 19.6 + 13.1 + 8.5 + 3 = 44.2
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19.6/35Growth & earnings
Revenue 100% · PAT 100% · OPM change -2 pp
40% evidence
13.1/25Capital efficiency
ROCE 27% · debt/equity 0.48×
60% evidence
8.5/20Valuation
P/E 347× · PEG —
15% evidence
3.0/20Relative strength
RS sector -30.2% · RS bench -32.7% · 1Y -48.8%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Jindal Steel Ltd has the highest Revenue among the 17 Steel Products companies compared here, at ₹56,413 crore. Shyam Metalics & Energy Ltd is next at ₹19,583 crore. Banganga Paper Industries Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Jindal Steel Ltd is the scale leader at ₹56,413 crore, 188.1% ahead of Shyam Metalics & Energy Ltd. Banganga Paper Industries Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 126.6% from a ₹85 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderJindal Steel Ltd · ₹56,413 crore
Gap188.1% versus #2 · Shyam Metalics & Energy Ltd
Persistence5/8 recent comparable periods
Coverage17/17 companies · 268 observations
Investor read: Jindal Steel Ltd is the scale benchmark; Banganga Paper Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Jindal Steel Ltd's growth falls below Banganga Paper Industries Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Jindal Steel Ltd JINDALSTEL₹56.4K Cr
2Shyam Metalics & Energy Ltd SHYAMMETL₹19.6K Cr
3Gallantt Ispat Ltd. GALLANTT₹4.4K Cr
4Sunflag Iron & Steel Company Ltd SUNFLAG₹3.9K Cr
5Electrotherm (India) Ltd ELECTHERM⚠ unverified₹3.7K Cr
Revenue growthfastest growers
1Banganga Paper Industries Ltd BANGANGA · older report100%
2Kamdhenu Ltd KAMDHENU⚠ unverified35%
3Raghav Productivity Enhancers Ltd RPEL34%
4Shyam Metalics & Energy Ltd SHYAMMETL23%
5Jindal Steel Ltd JINDALSTEL17%
Revenue · company comparison
17/17 level · 17/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Jindal Steel Ltd JINDALSTEL | ₹15.5K Cr | 26% | Jun 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | ₹5.5K Cr | 23% | Jun 2026 |
| Gallantt Ispat Ltd. GALLANTT | ₹1.2K Cr | 12% | Mar 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | ₹1.1K Cr | -1.8% | Mar 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | ₹1.0K Cr | 13% | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | ₹920 Cr | 8.9% | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | ₹496 Cr | 14% | Jun 2026 |
| Kalyani Steels Ltd KSL | ₹484 Cr | -11% | Mar 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | ₹445 Cr | -7.9% | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | ₹339 Cr | 2.7% | Mar 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | ₹270 Cr | -10% | Jun 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | ₹253 Cr | 14% | Mar 2026 |
| BMW Industries Ltd 542669 | ₹210 Cr | 34% | Mar 2026 |
| Panchmahal Steel Ltd PANCHMSTEL | ₹106 Cr | 16% | Mar 2026 |
| Raghav Productivity Enhancers Ltd RPEL | ₹87 Cr | 50% | Jun 2026 |
| Banganga Paper Industries Ltd BANGANGA | ₹20 Cr | -5.0% | Dec 2025 |
| Rhetan TMT Ltd RHETAN | ₹8 Cr | 31% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
—
—
—
—
—
—
₹135 Cr
₹158 Cr
₹159 Cr
₹144 Cr
₹137 Cr
₹174 Cr
₹150 Cr
₹148 Cr
₹157 Cr
₹149 Cr
₹145 Cr
₹162 Cr
₹210 Cr
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
—
—
—
—
₹615 Cr
₹1.0K Cr
₹931 Cr
₹985 Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹814 Cr
₹1.1K Cr
₹1.2K Cr
₹834 Cr
₹814 Cr
₹904 Cr
₹1.1K Cr
—
Gallantt Ispat Ltd. · GALLANTT
₹391 Cr
₹455 Cr
₹1.8K Cr
₹1.0K Cr
₹931 Cr
₹1.0K Cr
₹1.1K Cr
₹1.0K Cr
₹950 Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹943 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
—
Jindal Steel Ltd · JINDALSTEL
₹13.6K Cr
₹12.5K Cr
₹14.3K Cr
₹13.0K Cr
₹13.5K Cr
₹12.5K Cr
₹13.7K Cr
₹12.6K Cr
₹12.3K Cr
₹11.7K Cr
₹13.5K Cr
₹13.6K Cr
₹11.2K Cr
₹11.8K Cr
₹13.2K Cr
₹12.3K Cr
₹11.7K Cr
₹13.0K Cr
₹16.2K Cr
₹15.5K Cr
Kalyani Steels Ltd · KSL
₹461 Cr
₹407 Cr
₹449 Cr
₹493 Cr
₹500 Cr
₹447 Cr
₹460 Cr
₹497 Cr
₹480 Cr
₹480 Cr
₹503 Cr
₹461 Cr
₹492 Cr
₹484 Cr
₹544 Cr
₹443 Cr
₹456 Cr
₹462 Cr
₹484 Cr
—
Prakash Industries Ltd · PRAKASH⚠ unverified
—
—
—
—
—
₹761 Cr
₹1.0K Cr
₹1.0K Cr
₹889 Cr
₹885 Cr
₹890 Cr
₹1.2K Cr
₹1.1K Cr
₹926 Cr
₹845 Cr
₹1.0K Cr
₹723 Cr
₹799 Cr
₹920 Cr
—
Raghav Productivity Enhancers Ltd · RPEL
₹24 Cr
₹23 Cr
₹32 Cr
₹33 Cr
₹36 Cr
₹34 Cr
₹34 Cr
₹30 Cr
₹32 Cr
₹32 Cr
₹39 Cr
₹45 Cr
₹49 Cr
₹55 Cr
₹51 Cr
₹58 Cr
₹64 Cr
₹64 Cr
₹71 Cr
₹87 Cr
Rhetan TMT Ltd · RHETAN
₹16 Cr
₹18 Cr
₹18 Cr
₹17 Cr
₹17 Cr
₹26 Cr
₹26 Cr
₹24 Cr
₹10 Cr
₹12 Cr
₹18 Cr
₹19 Cr
₹5 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
₹6 Cr
₹8 Cr
—
Shyam Metalics & Energy Ltd · SHYAMMETL
₹2.5K Cr
₹2.6K Cr
₹2.9K Cr
₹3.2K Cr
₹3.1K Cr
₹2.9K Cr
₹3.4K Cr
₹3.3K Cr
₹2.9K Cr
₹3.3K Cr
₹3.6K Cr
₹3.6K Cr
₹3.6K Cr
₹3.8K Cr
₹4.1K Cr
₹4.4K Cr
₹4.5K Cr
₹4.4K Cr
₹5.2K Cr
₹5.5K Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
—
—
—
₹304 Cr
₹398 Cr
₹251 Cr
₹269 Cr
₹256 Cr
₹312 Cr
₹264 Cr
₹261 Cr
₹328 Cr
₹291 Cr
₹300 Cr
₹232 Cr
₹240 Cr
₹287 Cr
₹270 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹686 Cr
₹696 Cr
₹649 Cr
₹897 Cr
₹886 Cr
₹869 Cr
₹837 Cr
₹784 Cr
₹858 Cr
₹854 Cr
₹919 Cr
₹895 Cr
₹866 Cr
₹892 Cr
₹883 Cr
₹1.0K Cr
₹973 Cr
₹942 Cr
₹1.0K Cr
—
Vardhman Special Steels Ltd · VSSL
₹336 Cr
₹359 Cr
₹343 Cr
₹469 Cr
₹443 Cr
₹401 Cr
₹422 Cr
₹409 Cr
₹415 Cr
₹397 Cr
₹439 Cr
₹415 Cr
₹495 Cr
₹427 Cr
₹428 Cr
₹434 Cr
₹432 Cr
₹431 Cr
₹458 Cr
₹496 Cr
Revenue growth · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
—
—
—
—
—
—
—
—
—
—
1.5%
10%
-5.7%
2.8%
15%
-14%
-3.3%
9.5%
34%
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
—
—
—
—
—
—
—
—
85%
18%
14%
-17%
-4.9%
-4.7%
-21%
0.0%
-16%
-1.8%
—
Gallantt Ispat Ltd. · GALLANTT
—
—
—
196%
138%
121%
-40%
1.5%
2.0%
5.7%
7.6%
12%
-0.7%
5.2%
-8.9%
-2.8%
7.4%
-3.9%
12%
—
Jindal Steel Ltd · JINDALSTEL
—
—
—
23%
-0.7%
-0.6%
-4.5%
-3.5%
-9.4%
-6.0%
-1.5%
8.2%
-8.5%
0.4%
-2.3%
-9.7%
4.2%
11%
23%
26%
Kalyani Steels Ltd · KSL
—
11%
19%
26%
8.5%
9.8%
2.5%
0.8%
-4.0%
7.4%
9.4%
-7.2%
2.5%
0.8%
8.2%
-3.9%
-7.3%
-4.6%
-11%
—
Prakash Industries Ltd · PRAKASH⚠ unverified
—
—
—
—
—
—
—
—
—
16%
-12%
15%
21%
4.6%
-5.1%
-11%
-33%
-14%
8.9%
—
Raghav Productivity Enhancers Ltd · RPEL
—
—
—
—
50%
48%
6.3%
-9.1%
-11%
-5.9%
15%
50%
53%
72%
31%
29%
31%
16%
39%
50%
Rhetan TMT Ltd · RHETAN
—
—
—
6.3%
6.3%
44%
44%
43%
-38%
-53%
-31%
-20%
-53%
-47%
-64%
-74%
-3.8%
-3.6%
31%
—
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
—
—
24%
13%
20%
3.4%
-4.7%
13%
5.2%
8.4%
24%
13%
15%
22%
23%
18%
27%
23%
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
—
—
—
—
—
—
—
-16%
-22%
5.2%
-3.0%
28%
-6.7%
14%
-11%
-27%
-1.4%
-10%
Sunflag Iron & Steel Company Ltd · SUNFLAG
—
—
—
34%
29%
25%
29%
-13%
-3.2%
-1.7%
9.8%
14%
0.9%
4.5%
-3.9%
14%
12%
5.6%
13%
—
Vardhman Special Steels Ltd · VSSL
—
—
—
—
32%
12%
23%
-13%
-6.3%
-1.0%
4.0%
1.5%
19%
7.6%
-2.5%
4.6%
-13%
0.9%
7.0%
14%
02 · compare level, then change
Operating Economics & Margin Trend
Raghav Productivity Enhancers Ltd has the highest OPM among the 17 Steel Products companies compared here, at 30%. Rhetan TMT Ltd is next at 29.9%. Rhetan TMT Ltd has the highest Margin change at +76.5 percentage points, so level and change sit with different companies. 17 of 17 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Raghav Productivity Enhancers Ltd leads opm at 30%; Rhetan TMT Ltd leads margin change at +76.5 percentage points.
LeaderRaghav Productivity Enhancers Ltd · 30%
Gap0.3% versus #2 · Rhetan TMT Ltd
Persistence4/8 recent comparable periods
Coverage17/17 companies · 310 observations
Investor read: Raghav Productivity Enhancers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Raghav Productivity Enhancers Ltd RPEL30%
2Rhetan TMT Ltd RHETAN30%
3BMW Industries Ltd 54266928%
4Kalyani Steels Ltd KSL20%
5Jindal Steel Ltd JINDALSTEL17%
Margin changefastest expanders
1Rhetan TMT Ltd RHETAN+76.5 pp
2BMW Industries Ltd 542669+7.0 pp
3Vardhman Special Steels Ltd VSSL+4.8 pp
4Panchmahal Steel Ltd PANCHMSTEL+3.5 pp
5Raghav Productivity Enhancers Ltd RPEL+3.0 pp
Operating margin · company comparison
17/17 level · 17/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Raghav Productivity Enhancers Ltd RPEL | 30% | +3.0 pp | Jun 2026 |
| Rhetan TMT Ltd RHETAN | 30% | +76.5 pp | Mar 2026 |
| BMW Industries Ltd 542669 | 28% | +7.0 pp | Mar 2026 |
| Kalyani Steels Ltd KSL | 20% | −1.0 pp | Mar 2026 |
| Jindal Steel Ltd JINDALSTEL | 17% | −7.0 pp | Jun 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | 16% | 0.0 pp | Mar 2026 |
| Gallantt Ispat Ltd. GALLANTT | 15% | −2.0 pp | Mar 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | 14% | +1.0 pp | Jun 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | 13% | +3.0 pp | Jun 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | 12% | +1.0 pp | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | 12% | +4.8 pp | Jun 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | 7.2% | −2.0 pp | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | 7.0% | −2.0 pp | Mar 2026 |
| Banganga Paper Industries Ltd BANGANGA | 5.7% | −2.0 pp | Dec 2025 |
| Panchmahal Steel Ltd PANCHMSTEL | 3.6% | +3.5 pp | Mar 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | 3.0% | −3.0 pp | Mar 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | 2.0% | −4.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
26%
22%
19%
20%
22%
29%
21%
23%
24%
22%
28%
24%
23%
24%
21%
21%
25%
24%
28%
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
0.6%
2.5%
1.3%
-3.4%
1.7%
6.0%
10%
8.0%
9.0%
11%
11%
12%
8.0%
10%
6.0%
6.0%
-1.0%
-3.0%
2.0%
—
Gallantt Ispat Ltd. · GALLANTT
4.6%
7.1%
13%
7.1%
8.4%
8.0%
11%
7.0%
9.0%
10%
16%
19%
10%
18%
17%
22%
13%
14%
15%
—
Jindal Steel Ltd · JINDALSTEL
34%
26%
21%
26%
14%
19%
16%
21%
19%
24%
18%
21%
20%
19%
17%
24%
18%
13%
18%
17%
Kalyani Steels Ltd · KSL
19%
15%
22%
4.9%
7.9%
9.9%
27%
15%
16%
17%
15%
17%
20%
17%
21%
19%
19%
20%
20%
—
Prakash Industries Ltd · PRAKASH⚠ unverified
11%
10%
9.3%
11%
13%
13%
11%
12%
14%
14%
14%
11%
12%
13%
16%
13%
15%
16%
16%
—
Raghav Productivity Enhancers Ltd · RPEL
24%
26%
21%
23%
25%
28%
29%
28%
30%
31%
31%
27%
26%
26%
28%
27%
29%
30%
30%
30%
Rhetan TMT Ltd · RHETAN
5.5%
7.4%
8.1%
3.8%
4.5%
12%
13%
6.3%
10%
15%
7.4%
8.5%
63%
35%
-47%
12%
23%
39%
30%
—
Shyam Metalics & Energy Ltd · SHYAMMETL
25%
24%
23%
19%
7.9%
8.0%
12%
12%
10%
12%
12%
14%
11%
12%
12%
13%
12%
11%
14%
14%
Steel Exchange India Ltd · STEELXIND⚠ unverified
-2.7%
20%
7.8%
9.3%
8.6%
0.2%
9.0%
8.0%
7.0%
9.0%
11%
10%
10%
12%
11%
10%
12%
9.0%
17%
13%
Sunflag Iron & Steel Company Ltd · SUNFLAG
17%
13%
12%
7.8%
18%
13%
12%
10%
12%
11%
11%
9.0%
11%
12%
11%
12%
10%
14%
12%
—
Vardhman Special Steels Ltd · VSSL
14%
11%
11%
9.7%
7.9%
9.1%
5.8%
7.0%
8.0%
8.0%
11%
10%
8.0%
8.0%
7.0%
7.0%
11%
11%
11%
12%
Margin change · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
+2.6 pp
+3.2 pp
−6.4 pp
−7.9 pp
−3.9 pp
+6.9 pp
+2.0 pp
+3.3 pp
+1.9 pp
−7.0 pp
+7.0 pp
+1.0 pp
−1.0 pp
+2.0 pp
−7.0 pp
−3.0 pp
+2.0 pp
0.0 pp
+7.0 pp
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
−5.5 pp
−10.0 pp
−10.5 pp
−11.3 pp
+1.1 pp
+3.5 pp
+8.7 pp
+11.4 pp
+7.3 pp
+5.0 pp
+1.0 pp
+4.0 pp
−1.0 pp
−1.0 pp
−5.0 pp
−6.0 pp
−9.0 pp
−13.0 pp
−4.0 pp
—
Gallantt Ispat Ltd. · GALLANTT
−1.9 pp
−6.2 pp
−1.7 pp
−5.5 pp
+3.9 pp
+0.9 pp
−1.7 pp
−0.1 pp
+0.6 pp
+2.0 pp
+5.0 pp
+12.0 pp
+1.0 pp
+8.0 pp
+1.0 pp
+3.0 pp
+3.0 pp
−4.0 pp
−2.0 pp
—
Jindal Steel Ltd · JINDALSTEL
+4.4 pp
−15.9 pp
−18.6 pp
+7.2 pp
−19.5 pp
−7.4 pp
−5.4 pp
−5.4 pp
+4.7 pp
+5.0 pp
+2.0 pp
0.0 pp
+1.0 pp
−5.0 pp
−1.0 pp
+3.0 pp
−2.0 pp
−6.0 pp
+1.0 pp
−7.0 pp
Kalyani Steels Ltd · KSL
−0.1 pp
−8.0 pp
−5.0 pp
−20.1 pp
−11.1 pp
−5.1 pp
+4.7 pp
+10.5 pp
+8.4 pp
+6.9 pp
−11.9 pp
+1.6 pp
+3.7 pp
+0.2 pp
+6.2 pp
+2.0 pp
−1.0 pp
+3.0 pp
−1.0 pp
—
Prakash Industries Ltd · PRAKASH⚠ unverified
+2.8 pp
+0.5 pp
−0.7 pp
+1.9 pp
+2.1 pp
+2.7 pp
+1.7 pp
+0.8 pp
+0.8 pp
+1.0 pp
+3.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+3.0 pp
0.0 pp
—
Raghav Productivity Enhancers Ltd · RPEL
+1.1 pp
+3.7 pp
−5.9 pp
−6.1 pp
+0.8 pp
+2.2 pp
+7.8 pp
+5.0 pp
+5.5 pp
+3.0 pp
+2.0 pp
−1.0 pp
−4.0 pp
−5.0 pp
−3.0 pp
0.0 pp
+3.0 pp
+4.0 pp
+2.0 pp
+3.0 pp
Rhetan TMT Ltd · RHETAN
—
—
—
−1.0 pp
−1.0 pp
+4.6 pp
+4.6 pp
+2.5 pp
+5.6 pp
+3.0 pp
−5.3 pp
+2.3 pp
+53.2 pp
+19.9 pp
−53.9 pp
+3.6 pp
−40.1 pp
+3.9 pp
+76.5 pp
—
Shyam Metalics & Energy Ltd · SHYAMMETL
+5.5 pp
+3.5 pp
−3.5 pp
−9.1 pp
−17.1 pp
−16.2 pp
−11.2 pp
−6.8 pp
+2.1 pp
+4.0 pp
0.0 pp
+2.0 pp
+1.0 pp
0.0 pp
0.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
Steel Exchange India Ltd · STEELXIND⚠ unverified
−13.2 pp
+1.3 pp
−5.6 pp
−2.3 pp
+11.3 pp
−19.9 pp
+1.2 pp
−1.3 pp
−1.6 pp
+8.8 pp
+2.0 pp
+2.0 pp
+3.0 pp
+3.0 pp
0.0 pp
0.0 pp
+2.0 pp
−3.0 pp
+6.0 pp
+3.0 pp
Sunflag Iron & Steel Company Ltd · SUNFLAG
+4.4 pp
+0.2 pp
−6.8 pp
−9.4 pp
+1.2 pp
+0.4 pp
−0.1 pp
+2.2 pp
−6.3 pp
−2.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
0.0 pp
+3.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
—
Vardhman Special Steels Ltd · VSSL
+5.1 pp
−2.9 pp
−4.6 pp
−5.7 pp
−5.8 pp
−1.7 pp
−5.3 pp
−2.7 pp
+0.1 pp
−1.1 pp
+5.2 pp
+3.0 pp
0.0 pp
0.0 pp
−4.0 pp
−3.0 pp
+3.2 pp
+3.3 pp
+3.6 pp
+4.8 pp
03 · compare level, then change
Profit Scale & Acceleration
Jindal Steel Ltd has the highest Net profit among the 17 Steel Products companies compared here, at ₹2,709 crore. Shyam Metalics & Energy Ltd is next at ₹1,121 crore. Banganga Paper Industries Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Jindal Steel Ltd leads with ₹2,709 crore of TTM profit, 141.7% above Shyam Metalics & Energy Ltd. Banganga Paper Industries Ltd shows ≥100% on the scoring scale (114.8% uncapped) growth from a ₹2 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderJindal Steel Ltd · ₹2,709 crore
Gap141.7% versus #2 · Shyam Metalics & Energy Ltd
Persistence1/8 recent comparable periods
Coverage17/17 companies · 268 observations
Investor read: Jindal Steel Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Jindal Steel Ltd JINDALSTEL₹2.7K Cr
2Shyam Metalics & Energy Ltd SHYAMMETL₹1.1K Cr
3Gallantt Ispat Ltd. GALLANTT₹486 Cr
4Prakash Industries Ltd PRAKASH⚠ unverified₹333 Cr
5Kalyani Steels Ltd KSL₹259 Cr
Profit growthfastest growers
1Banganga Paper Industries Ltd BANGANGA · older report100%
2Rhetan TMT Ltd RHETAN100%
3Raghav Productivity Enhancers Ltd RPEL54%
4Sunflag Iron & Steel Company Ltd SUNFLAG25%
5Shyam Metalics & Energy Ltd SHYAMMETL21%
Net profit · company comparison
17/17 level · 14/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Jindal Steel Ltd JINDALSTEL | ₹844 Cr | -44% | Jun 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | ₹351 Cr | 21% | Jun 2026 |
| Gallantt Ispat Ltd. GALLANTT | ₹123 Cr | 6.0% | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | ₹93 Cr | 2.2% | Mar 2026 |
| Kalyani Steels Ltd KSL | ₹72 Cr | -10% | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | ₹41 Cr | 105% | Jun 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | ₹34 Cr | -21% | Mar 2026 |
| BMW Industries Ltd 542669 | ₹33 Cr | 83% | Mar 2026 |
| Raghav Productivity Enhancers Ltd RPEL | ₹20 Cr | 67% | Jun 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | ₹15 Cr | 50% | Jun 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | ₹14 Cr | -92% | Mar 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | ₹5 Cr | 37% | Mar 2026 |
| Rhetan TMT Ltd RHETAN | ₹2 Cr | 363% | Mar 2026 |
| Banganga Paper Industries Ltd BANGANGA | ₹0 Cr | -91% | Dec 2025 |
| Panchmahal Steel Ltd PANCHMSTEL | ₹-2 Cr | -26% | Mar 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | ₹-14 Cr | -42% | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | ₹-20 Cr | -500% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
—
—
—
—
—
—
₹16 Cr
₹16 Cr
₹18 Cr
₹12 Cr
₹19 Cr
₹22 Cr
₹18 Cr
₹17 Cr
₹18 Cr
₹15 Cr
₹15 Cr
₹18 Cr
₹33 Cr
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
—
—
—
—
₹7 Cr
₹42 Cr
₹39 Cr
₹68 Cr
₹107 Cr
₹104 Cr
₹109 Cr
₹59 Cr
₹88 Cr
₹186 Cr
₹28 Cr
₹-22 Cr
₹-35 Cr
₹14 Cr
—
Gallantt Ispat Ltd. · GALLANTT
₹7 Cr
₹22 Cr
₹120 Cr
₹25 Cr
₹28 Cr
₹21 Cr
₹68 Cr
₹31 Cr
₹47 Cr
₹52 Cr
₹95 Cr
₹122 Cr
₹49 Cr
₹114 Cr
₹116 Cr
₹174 Cr
₹89 Cr
₹100 Cr
₹123 Cr
—
Jindal Steel Ltd · JINDALSTEL
₹2.6K Cr
₹1.6K Cr
₹1.5K Cr
₹2.0K Cr
₹219 Cr
₹518 Cr
₹466 Cr
₹1.7K Cr
₹1.4K Cr
₹1.9K Cr
₹933 Cr
₹1.3K Cr
₹860 Cr
₹951 Cr
₹-304 Cr
₹1.5K Cr
₹635 Cr
₹189 Cr
₹1.0K Cr
₹844 Cr
Kalyani Steels Ltd · KSL
₹62 Cr
₹43 Cr
₹73 Cr
₹24 Cr
₹35 Cr
₹39 Cr
₹70 Cr
₹61 Cr
₹58 Cr
₹65 Cr
₹64 Cr
₹52 Cr
₹67 Cr
₹56 Cr
₹80 Cr
₹62 Cr
₹63 Cr
₹62 Cr
₹72 Cr
—
Prakash Industries Ltd · PRAKASH⚠ unverified
—
—
—
—
—
₹45 Cr
₹58 Cr
₹89 Cr
₹89 Cr
₹81 Cr
₹89 Cr
₹90 Cr
₹90 Cr
₹84 Cr
₹91 Cr
₹91 Cr
₹62 Cr
₹87 Cr
₹93 Cr
—
Raghav Productivity Enhancers Ltd · RPEL
₹7 Cr
₹4 Cr
₹6 Cr
₹5 Cr
₹6 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹6 Cr
₹8 Cr
₹8 Cr
₹9 Cr
₹10 Cr
₹10 Cr
₹12 Cr
₹14 Cr
₹14 Cr
₹15 Cr
₹20 Cr
Rhetan TMT Ltd · RHETAN
₹0 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹3 Cr
₹4 Cr
₹2 Cr
—
Shyam Metalics & Energy Ltd · SHYAMMETL
₹414 Cr
₹421 Cr
₹431 Cr
₹415 Cr
₹114 Cr
₹65 Cr
₹254 Cr
₹202 Cr
₹482 Cr
₹126 Cr
₹220 Cr
₹276 Cr
₹216 Cr
₹197 Cr
₹220 Cr
₹291 Cr
₹260 Cr
₹198 Cr
₹312 Cr
₹351 Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
—
—
—
₹-25 Cr
₹-43 Cr
₹-5 Cr
₹-4 Cr
₹0 Cr
₹20 Cr
₹3 Cr
₹3 Cr
₹16 Cr
₹5 Cr
₹10 Cr
₹2 Cr
₹2 Cr
₹12 Cr
₹15 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹65 Cr
₹43 Cr
₹41 Cr
₹921 Cr
₹95 Cr
₹60 Cr
₹40 Cr
₹26 Cr
₹39 Cr
₹36 Cr
₹43 Cr
₹28 Cr
₹41 Cr
₹50 Cr
₹43 Cr
₹63 Cr
₹46 Cr
₹60 Cr
₹34 Cr
—
Vardhman Special Steels Ltd · VSSL
₹24 Cr
₹19 Cr
₹29 Cr
₹30 Cr
₹28 Cr
₹28 Cr
₹14 Cr
₹19 Cr
₹18 Cr
₹22 Cr
₹33 Cr
₹26 Cr
₹26 Cr
₹21 Cr
₹20 Cr
₹20 Cr
₹35 Cr
₹34 Cr
₹34 Cr
₹41 Cr
Profit growth · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
—
—
—
—
—
—
—
—
—
—
19%
38%
0.0%
42%
-5.3%
-32%
-17%
5.9%
83%
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
—
—
—
—
—
—
—
—
1,429%
148%
179%
-13%
-18%
79%
-74%
-137%
-140%
-92%
—
Gallantt Ispat Ltd. · GALLANTT
—
—
—
-7.4%
300%
-4.6%
-43%
24%
68%
148%
40%
294%
4.3%
119%
22%
43%
82%
-12%
6.0%
—
Jindal Steel Ltd · JINDALSTEL
—
—
—
14,279%
-92%
-68%
-69%
-16%
535%
272%
100%
-21%
-38%
-51%
-133%
12%
-26%
-80%
—
-44%
Kalyani Steels Ltd · KSL
—
-28%
-4.0%
-66%
-44%
-9.3%
-4.1%
154%
66%
67%
-8.6%
-15%
16%
-14%
25%
19%
-6.0%
11%
-10%
—
Prakash Industries Ltd · PRAKASH⚠ unverified
—
—
—
—
—
—
—
—
—
80%
53%
1.1%
1.1%
3.7%
2.3%
1.1%
-31%
3.6%
2.2%
—
Raghav Productivity Enhancers Ltd · RPEL
—
—
—
—
-14%
75%
17%
20%
0.0%
-14%
14%
33%
50%
67%
25%
50%
56%
40%
50%
67%
Rhetan TMT Ltd · RHETAN
—
—
—
—
—
100%
100%
-24%
-32%
-49%
-52%
6.6%
234%
35%
-50%
-6.2%
26%
220%
363%
—
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
—
—
-72%
-85%
-41%
-51%
323%
94%
-13%
37%
-55%
56%
0.0%
5.4%
20%
0.5%
42%
21%
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-75%
233%
-33%
-88%
140%
50%
Sunflag Iron & Steel Company Ltd · SUNFLAG
—
—
—
1,254%
46%
40%
-2.4%
-97%
-59%
-40%
7.5%
7.7%
5.1%
39%
0.0%
125%
12%
20%
-21%
—
Vardhman Special Steels Ltd · VSSL
—
—
—
—
17%
47%
-52%
-37%
-36%
-21%
136%
37%
44%
-4.6%
-39%
-23%
35%
62%
70%
105%
04 · compare level, then change
Capacity Spending & Returns On It
Rhetan TMT Ltd has the highest CAPEX among the 17 Steel Products companies compared here, at ₹0 crore. The same company also holds the highest CAPEX intensity, at 0%. 1 of 17 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Rhetan TMT Ltd reports ₹0 crore of CAPEX; Rhetan TMT Ltd has the highest covered intensity at 0%. Coverage is only 1 of 17 companies and 3 reported observations, so this is partial evidence—not a complete sector rank.
LeaderRhetan TMT Ltd · ₹0 crore
GapNot enough peers
Persistence0/3 recent comparable periods
Coverage1/17 companies · 3 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Rhetan TMT Ltd RHETAN₹0 Cr
CAPEX intensityhighest reinvestment intensity
1Rhetan TMT Ltd RHETAN0.0%
Capital expenditure · company comparison
1/17 level · 1/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Rhetan TMT Ltd RHETAN | ₹0 Cr | 0.0% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Rhetan TMT Ltd · RHETAN
—
—
—
₹0 Cr
₹0 Cr
—
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
Rhetan TMT Ltd · RHETAN
—
—
—
0.0%
0.0%
—
0.0%
—
—
—
—
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
17/17 capacity base · 17/17 OCF · 17/17 CAPEX · 17/17 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
₹582 Cr
₹537 Cr
₹506 Cr
₹554 Cr
₹487 Cr
₹467 Cr
₹488 Cr
₹594 Cr
₹684 Cr
₹844 Cr
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹1.1K Cr
₹1.0K Cr
₹978 Cr
₹853 Cr
₹765 Cr
₹731 Cr
₹664 Cr
₹657 Cr
₹699 Cr
₹764 Cr
Gallantt Ispat Ltd. · GALLANTT
₹243 Cr
₹248 Cr
₹335 Cr
₹439 Cr
₹468 Cr
₹1.8K Cr
₹1.9K Cr
₹2.0K Cr
₹2.1K Cr
₹2.2K Cr
Jindal Steel Ltd · JINDALSTEL
₹75.6K Cr
₹73.4K Cr
₹73.1K Cr
₹72.5K Cr
₹56.1K Cr
₹48.0K Cr
₹51.4K Cr
₹58.0K Cr
₹65.7K Cr
₹72.5K Cr
Kalyani Steels Ltd · KSL
₹443 Cr
₹444 Cr
₹430 Cr
₹423 Cr
₹393 Cr
₹512 Cr
—
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
Prakash Industries Ltd · PRAKASH⚠ unverified
₹2.7K Cr
₹3.1K Cr
₹3.1K Cr
₹3.2K Cr
₹3.1K Cr
₹3.0K Cr
₹3.3K Cr
₹3.2K Cr
₹3.3K Cr
₹3.5K Cr
Raghav Productivity Enhancers Ltd · RPEL
₹19 Cr
₹22 Cr
₹23 Cr
₹28 Cr
₹28 Cr
₹58 Cr
₹86 Cr
₹88 Cr
₹95 Cr
₹102 Cr
Rhetan TMT Ltd · RHETAN
—
—
—
₹9 Cr
₹9 Cr
₹8 Cr
₹9 Cr
₹17 Cr
₹18 Cr
₹22 Cr
Shyam Metalics & Energy Ltd · SHYAMMETL
—
₹1.8K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹3.2K Cr
₹6.1K Cr
₹7.8K Cr
₹9.1K Cr
₹10.9K Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
₹749 Cr
₹722 Cr
₹695 Cr
₹670 Cr
₹618 Cr
₹603 Cr
₹592 Cr
₹600 Cr
₹616 Cr
₹596 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹582 Cr
₹645 Cr
₹739 Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
Vardhman Special Steels Ltd · VSSL
—
—
—
—
—
—
—
₹326 Cr
₹426 Cr
—
Operating cash flow · fiscal-year history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
₹146 Cr
₹92 Cr
₹109 Cr
₹128 Cr
₹122 Cr
₹64 Cr
₹126 Cr
₹268 Cr
₹108 Cr
₹83 Cr
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹58 Cr
₹161 Cr
₹344 Cr
₹181 Cr
₹225 Cr
₹179 Cr
₹107 Cr
₹351 Cr
₹329 Cr
₹351 Cr
Gallantt Ispat Ltd. · GALLANTT
₹42 Cr
₹122 Cr
₹76 Cr
₹57 Cr
₹92 Cr
₹234 Cr
₹96 Cr
₹344 Cr
₹579 Cr
₹602 Cr
Jindal Steel Ltd · JINDALSTEL
₹6.9K Cr
₹7.7K Cr
₹9.0K Cr
₹8.8K Cr
₹12.0K Cr
₹16.0K Cr
₹7.3K Cr
₹6.0K Cr
₹10.8K Cr
₹7.2K Cr
Kalyani Steels Ltd · KSL
₹152 Cr
₹191 Cr
₹286 Cr
₹257 Cr
₹62 Cr
₹362 Cr
₹-126 Cr
₹323 Cr
₹382 Cr
₹141 Cr
Prakash Industries Ltd · PRAKASH⚠ unverified
₹269 Cr
₹476 Cr
₹696 Cr
₹388 Cr
₹159 Cr
₹350 Cr
₹585 Cr
₹601 Cr
₹142 Cr
₹299 Cr
Raghav Productivity Enhancers Ltd · RPEL
₹1 Cr
₹7 Cr
₹7 Cr
₹8 Cr
₹11 Cr
₹9 Cr
₹20 Cr
₹21 Cr
₹39 Cr
₹37 Cr
Rhetan TMT Ltd · RHETAN
—
—
—
₹-12 Cr
₹-7 Cr
₹-14 Cr
₹-44 Cr
₹14 Cr
₹5 Cr
₹1 Cr
Shyam Metalics & Energy Ltd · SHYAMMETL
—
₹247 Cr
₹457 Cr
₹-91 Cr
₹1.1K Cr
₹1.6K Cr
₹1.5K Cr
₹1.8K Cr
₹2.0K Cr
₹2.0K Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
₹-149 Cr
₹50 Cr
₹60 Cr
₹37 Cr
₹79 Cr
₹5 Cr
₹138 Cr
₹-48 Cr
₹97 Cr
₹-38 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹-18 Cr
₹117 Cr
₹177 Cr
₹209 Cr
₹223 Cr
₹43 Cr
₹278 Cr
₹244 Cr
₹187 Cr
₹390 Cr
Vardhman Special Steels Ltd · VSSL
—
—
—
—
—
₹59 Cr
₹74 Cr
₹142 Cr
₹127 Cr
₹106 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
₹38 Cr
₹3 Cr
₹16 Cr
₹95 Cr
₹-14 Cr
₹29 Cr
₹61 Cr
₹151 Cr
₹134 Cr
₹212 Cr
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹-54 Cr
₹53 Cr
₹77 Cr
₹9 Cr
₹33 Cr
₹54 Cr
₹-18 Cr
₹40 Cr
₹86 Cr
₹108 Cr
Gallantt Ispat Ltd. · GALLANTT
₹37 Cr
₹20 Cr
₹101 Cr
₹118 Cr
₹45 Cr
₹1.4K Cr
₹228 Cr
₹193 Cr
₹229 Cr
₹210 Cr
Jindal Steel Ltd · JINDALSTEL
₹2.7K Cr
₹1.7K Cr
₹5.1K Cr
₹2.9K Cr
₹-14.0K Cr
₹-5.9K Cr
₹6.1K Cr
₹9.4K Cr
₹10.5K Cr
₹9.9K Cr
Kalyani Steels Ltd · KSL
₹-53 Cr
₹38 Cr
₹24 Cr
₹36 Cr
₹14 Cr
₹165 Cr
—
—
₹55 Cr
₹137 Cr
Prakash Industries Ltd · PRAKASH⚠ unverified
₹232 Cr
₹469 Cr
₹134 Cr
₹262 Cr
₹68 Cr
₹45 Cr
₹457 Cr
₹78 Cr
₹202 Cr
₹388 Cr
Raghav Productivity Enhancers Ltd · RPEL
₹7 Cr
₹4 Cr
₹3 Cr
₹7 Cr
₹2 Cr
₹32 Cr
₹31 Cr
₹7 Cr
₹13 Cr
₹14 Cr
Rhetan TMT Ltd · RHETAN
—
—
—
—
₹0 Cr
₹-1 Cr
₹2 Cr
₹9 Cr
₹2 Cr
₹5 Cr
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
₹489 Cr
₹412 Cr
₹361 Cr
₹1.2K Cr
₹3.3K Cr
₹2.3K Cr
₹2.0K Cr
₹2.7K Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
₹135 Cr
₹2 Cr
₹3 Cr
₹2 Cr
₹-9 Cr
₹9 Cr
₹13 Cr
₹29 Cr
₹40 Cr
₹8 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹46 Cr
₹97 Cr
₹132 Cr
₹687 Cr
₹53 Cr
₹338 Cr
₹240 Cr
₹125 Cr
₹80 Cr
₹122 Cr
Vardhman Special Steels Ltd · VSSL
—
—
—
—
—
—
—
—
₹133 Cr
—
Free cash flow · fiscal-year history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
₹108 Cr
₹89 Cr
₹93 Cr
₹33 Cr
₹136 Cr
₹35 Cr
₹65 Cr
₹117 Cr
₹-26 Cr
₹-129 Cr
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹112 Cr
₹108 Cr
₹267 Cr
₹172 Cr
₹192 Cr
₹125 Cr
₹125 Cr
₹311 Cr
₹243 Cr
₹243 Cr
Gallantt Ispat Ltd. · GALLANTT
₹5 Cr
₹102 Cr
₹-25 Cr
₹-61 Cr
₹47 Cr
₹-1.2K Cr
₹-132 Cr
₹151 Cr
₹350 Cr
₹392 Cr
Jindal Steel Ltd · JINDALSTEL
₹4.1K Cr
₹6.1K Cr
₹3.9K Cr
₹5.9K Cr
₹26.0K Cr
₹22.0K Cr
₹1.3K Cr
₹-3.4K Cr
₹337 Cr
₹-2.7K Cr
Kalyani Steels Ltd · KSL
₹205 Cr
₹153 Cr
₹262 Cr
₹221 Cr
₹48 Cr
₹197 Cr
—
—
₹327 Cr
₹4 Cr
Prakash Industries Ltd · PRAKASH⚠ unverified
₹37 Cr
₹7 Cr
₹562 Cr
₹126 Cr
₹91 Cr
₹305 Cr
₹128 Cr
₹523 Cr
₹-60 Cr
₹-89 Cr
Raghav Productivity Enhancers Ltd · RPEL
₹-6 Cr
₹3 Cr
₹4 Cr
₹1 Cr
₹9 Cr
₹-23 Cr
₹-11 Cr
₹14 Cr
₹26 Cr
₹23 Cr
Rhetan TMT Ltd · RHETAN
—
—
—
—
₹-7 Cr
₹-13 Cr
₹-46 Cr
₹5 Cr
₹3 Cr
₹-4 Cr
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
₹-32 Cr
₹-503 Cr
₹695 Cr
₹374 Cr
₹-1.8K Cr
₹-541 Cr
₹-53 Cr
₹-719 Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
₹-284 Cr
₹48 Cr
₹57 Cr
₹35 Cr
₹88 Cr
₹-4 Cr
₹125 Cr
₹-77 Cr
₹57 Cr
₹-46 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹-64 Cr
₹20 Cr
₹45 Cr
₹-478 Cr
₹170 Cr
₹-295 Cr
₹38 Cr
₹119 Cr
₹107 Cr
₹268 Cr
Vardhman Special Steels Ltd · VSSL
—
—
—
—
—
—
—
—
₹-6 Cr
—
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Raghav Productivity Enhancers Ltd has the lowest Gross debt among the 17 Steel Products companies compared here, at ₹5 crore. Banganga Paper Industries Ltd is next at ₹8 crore. Kalyani Steels Ltd has the lowest Net debt at ₹350 crore net cash, so level and change sit with different companies.
What the numbers say: Kalyani Steels Ltd has the clearest covered balance-sheet capacity with ₹350 crore net cash and gross debt of ₹475 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderRaghav Productivity Enhancers Ltd · ₹5 crore
Gap36.5% versus #2 · Banganga Paper Industries Ltd
Persistence8/8 recent comparable periods
Coverage17/17 companies · 274 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Raghav Productivity Enhancers Ltd RPEL₹5 Cr
2Banganga Paper Industries Ltd BANGANGA · older report₹8 Cr
3Kamdhenu Ltd KAMDHENU⚠ unverified₹9 Cr
4Panchmahal Steel Ltd PANCHMSTEL₹35 Cr
5Rhetan TMT Ltd RHETAN₹42 Cr
Net debtlowest net debt
1Kalyani Steels Ltd KSL₹-350 Cr
2Kamdhenu Ltd KAMDHENU⚠ unverified₹-249 Cr
3Vardhman Special Steels Ltd VSSL₹-120 Cr
4Raghav Productivity Enhancers Ltd RPEL₹-44 Cr
5Gallantt Ispat Ltd. GALLANTT₹22 Cr
Debt and balance-sheet capacity · company comparison
17/17 level · 14/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Jindal Steel Ltd JINDALSTEL | ₹22.6K Cr | ₹16.4K Cr | Jun 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | ₹1.1K Cr | ₹973 Cr | Mar 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | ₹1.0K Cr | ₹473 Cr | Jun 2026 |
| Gallantt Ispat Ltd. GALLANTT | ₹548 Cr | ₹22 Cr | Mar 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | ₹524 Cr | ₹294 Cr | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | ₹515 Cr | ₹320 Cr | Mar 2026 |
| Kalyani Steels Ltd KSL | ₹475 Cr | ₹-350 Cr | Mar 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | ₹422 Cr | ₹378 Cr | Mar 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | ₹418 Cr | ₹402 Cr | Jun 2026 |
| BMW Industries Ltd 542669 | ₹368 Cr | — | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | ₹332 Cr | ₹259 Cr | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | ₹93 Cr | ₹-120 Cr | Jun 2026 |
| Rhetan TMT Ltd RHETAN | ₹42 Cr | ₹42 Cr | Mar 2026 |
| Panchmahal Steel Ltd PANCHMSTEL | ₹35 Cr | — | Mar 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | ₹9 Cr | ₹-249 Cr | Mar 2026 |
| Banganga Paper Industries Ltd BANGANGA | ₹8 Cr | — | Dec 2025 |
| Raghav Productivity Enhancers Ltd RPEL | ₹5 Cr | ₹-44 Cr | Jun 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
—
—
₹256 Cr
—
—
—
₹238 Cr
—
—
—
₹106 Cr
—
—
—
₹162 Cr
—
—
—
₹368 Cr
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹2.2K Cr
₹2.2K Cr
₹2.1K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
₹1.8K Cr
₹1.8K Cr
₹1.6K Cr
₹1.6K Cr
₹1.3K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
—
Gallantt Ispat Ltd. · GALLANTT
₹52 Cr
₹52 Cr
₹387 Cr
—
₹440 Cr
₹440 Cr
₹538 Cr
₹538 Cr
₹490 Cr
₹490 Cr
₹462 Cr
₹462 Cr
₹407 Cr
₹407 Cr
₹378 Cr
₹378 Cr
₹657 Cr
₹657 Cr
₹548 Cr
—
Jindal Steel Ltd · JINDALSTEL
₹16.6K Cr
₹16.6K Cr
₹13.5K Cr
₹13.5K Cr
₹14.4K Cr
₹14.4K Cr
₹13.0K Cr
₹13.0K Cr
₹13.5K Cr
₹13.5K Cr
₹16.5K Cr
₹16.5K Cr
₹17.3K Cr
₹17.3K Cr
₹18.4K Cr
₹18.7K Cr
₹19.2K Cr
₹19.2K Cr
₹22.6K Cr
—
Kalyani Steels Ltd · KSL
₹229 Cr
₹229 Cr
₹340 Cr
₹340 Cr
₹681 Cr
₹681 Cr
₹506 Cr
₹506 Cr
₹260 Cr
₹260 Cr
₹596 Cr
₹596 Cr
₹560 Cr
₹560 Cr
₹438 Cr
₹438 Cr
₹428 Cr
₹428 Cr
₹475 Cr
—
Prakash Industries Ltd · PRAKASH⚠ unverified
₹518 Cr
₹518 Cr
₹548 Cr
₹548 Cr
₹661 Cr
₹661 Cr
₹599 Cr
₹599 Cr
₹433 Cr
₹433 Cr
₹362 Cr
₹362 Cr
₹378 Cr
₹378 Cr
₹423 Cr
₹423 Cr
₹342 Cr
₹342 Cr
₹515 Cr
—
Raghav Productivity Enhancers Ltd · RPEL
₹6 Cr
₹6 Cr
₹6 Cr
₹6 Cr
₹15 Cr
₹15 Cr
₹10 Cr
₹10 Cr
₹10 Cr
₹10 Cr
₹9 Cr
₹9 Cr
₹8 Cr
₹8 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
Rhetan TMT Ltd · RHETAN
—
₹26 Cr
₹26 Cr
₹26 Cr
₹26 Cr
₹18 Cr
₹18 Cr
—
₹15 Cr
—
₹17 Cr
₹16 Cr
₹17 Cr
₹17 Cr
₹23 Cr
₹22 Cr
₹41 Cr
₹41 Cr
₹42 Cr
—
Shyam Metalics & Energy Ltd · SHYAMMETL
₹330 Cr
₹330 Cr
₹543 Cr
₹543 Cr
₹850 Cr
₹850 Cr
₹1.2K Cr
₹1.2K Cr
₹2.0K Cr
₹2.0K Cr
₹597 Cr
₹597 Cr
₹1.1K Cr
₹1.1K Cr
₹789 Cr
₹789 Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
₹458 Cr
₹458 Cr
₹472 Cr
₹472 Cr
₹359 Cr
₹383 Cr
₹322 Cr
₹322 Cr
₹382 Cr
₹439 Cr
₹381 Cr
₹381 Cr
₹358 Cr
₹376 Cr
₹358 Cr
₹377 Cr
₹418 Cr
₹418 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹575 Cr
₹575 Cr
₹587 Cr
₹587 Cr
₹578 Cr
₹578 Cr
₹609 Cr
₹609 Cr
₹830 Cr
₹830 Cr
₹727 Cr
₹727 Cr
₹603 Cr
₹603 Cr
₹624 Cr
₹624 Cr
₹580 Cr
₹580 Cr
₹524 Cr
—
Vardhman Special Steels Ltd · VSSL
₹306 Cr
₹306 Cr
₹162 Cr
₹162 Cr
₹153 Cr
₹153 Cr
₹144 Cr
₹144 Cr
₹170 Cr
₹170 Cr
₹84 Cr
₹84 Cr
₹142 Cr
₹142 Cr
₹120 Cr
₹120 Cr
₹77 Cr
₹77 Cr
₹93 Cr
₹93 Cr
Net debt · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
₹2.1K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.6K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹973 Cr
—
Gallantt Ispat Ltd. · GALLANTT
₹45 Cr
₹45 Cr
₹374 Cr
—
₹433 Cr
₹433 Cr
₹527 Cr
₹527 Cr
₹473 Cr
₹473 Cr
₹407 Cr
₹407 Cr
₹344 Cr
₹344 Cr
₹98 Cr
₹98 Cr
₹381 Cr
₹381 Cr
₹22 Cr
—
Jindal Steel Ltd · JINDALSTEL
₹11.8K Cr
₹11.8K Cr
₹9.6K Cr
₹9.5K Cr
₹7.7K Cr
₹7.7K Cr
₹7.9K Cr
₹7.9K Cr
₹7.9K Cr
₹7.9K Cr
₹12.1K Cr
₹11.8K Cr
₹13.0K Cr
₹13.0K Cr
₹13.0K Cr
₹13.0K Cr
₹14.5K Cr
₹14.5K Cr
₹16.4K Cr
—
Kalyani Steels Ltd · KSL
₹-551 Cr
₹-551 Cr
₹-633 Cr
₹-633 Cr
₹-447 Cr
₹-447 Cr
₹-242 Cr
₹-242 Cr
₹-331 Cr
₹-331 Cr
₹9 Cr
₹9 Cr
₹-104 Cr
₹-104 Cr
₹-309 Cr
₹-309 Cr
₹-109 Cr
₹-109 Cr
₹-350 Cr
—
Prakash Industries Ltd · PRAKASH⚠ unverified
₹446 Cr
₹446 Cr
₹529 Cr
₹337 Cr
₹392 Cr
₹392 Cr
₹301 Cr
₹301 Cr
₹158 Cr
₹158 Cr
₹86 Cr
₹86 Cr
₹119 Cr
₹119 Cr
₹152 Cr
₹152 Cr
₹95 Cr
₹95 Cr
₹320 Cr
—
Raghav Productivity Enhancers Ltd · RPEL
₹-33 Cr
₹-33 Cr
₹-10 Cr
₹-10 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹-10 Cr
₹-10 Cr
₹-14 Cr
₹-14 Cr
₹-36 Cr
₹-36 Cr
₹-44 Cr
₹-44 Cr
₹-44 Cr
₹-44 Cr
Rhetan TMT Ltd · RHETAN
—
₹26 Cr
₹26 Cr
₹15 Cr
₹15 Cr
₹18 Cr
₹18 Cr
—
₹15 Cr
—
₹16 Cr
₹15 Cr
₹17 Cr
₹17 Cr
₹23 Cr
₹22 Cr
₹41 Cr
₹41 Cr
₹42 Cr
—
Salasar Techno Engineering Ltd · SALASAR⚠ unverified
₹193 Cr
₹193 Cr
₹249 Cr
₹213 Cr
₹193 Cr
₹193 Cr
₹273 Cr
₹198 Cr
₹308 Cr
₹308 Cr
₹347 Cr
₹172 Cr
₹346 Cr
₹346 Cr
₹312 Cr
₹75 Cr
₹346 Cr
₹346 Cr
₹378 Cr
—
Shyam Metalics & Energy Ltd · SHYAMMETL
₹-747 Cr
₹-747 Cr
₹-430 Cr
₹-469 Cr
₹-444 Cr
₹-444 Cr
₹452 Cr
₹458 Cr
₹1.3K Cr
₹1.3K Cr
₹-701 Cr
₹-704 Cr
₹-144 Cr
₹-144 Cr
₹-100 Cr
₹-104 Cr
₹209 Cr
₹209 Cr
₹473 Cr
₹473 Cr
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
₹444 Cr
₹444 Cr
₹467 Cr
₹467 Cr
₹348 Cr
₹364 Cr
₹299 Cr
₹299 Cr
₹392 Cr
₹419 Cr
₹372 Cr
₹372 Cr
₹363 Cr
₹355 Cr
₹360 Cr
₹360 Cr
₹420 Cr
₹402 Cr
Sunflag Iron & Steel Company Ltd · SUNFLAG
₹444 Cr
₹444 Cr
₹571 Cr
₹519 Cr
₹519 Cr
₹519 Cr
₹598 Cr
₹491 Cr
₹750 Cr
₹750 Cr
₹533 Cr
₹474 Cr
₹490 Cr
₹490 Cr
₹523 Cr
₹466 Cr
₹396 Cr
₹396 Cr
₹294 Cr
—
Vardhman Special Steels Ltd · VSSL
₹252 Cr
₹252 Cr
₹131 Cr
₹131 Cr
₹126 Cr
₹126 Cr
₹114 Cr
₹114 Cr
₹108 Cr
₹108 Cr
₹76 Cr
₹76 Cr
₹98 Cr
₹98 Cr
₹99 Cr
₹99 Cr
₹-189 Cr
₹-189 Cr
₹-120 Cr
₹-120 Cr
06 · compare level, then change
Return On Capital Employed
Raghav Productivity Enhancers Ltd has the highest ROCE among the 17 Steel Products companies compared here, at 30.3%. Banganga Paper Industries Ltd is next at 27%. The same company also holds the highest ROCE change, at +6.5 percentage points. 17 of 17 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Raghav Productivity Enhancers Ltd leads ROCE at 30.3%, 3.3 percentage points above Banganga Paper Industries Ltd. Raghav Productivity Enhancers Ltd has the strongest latest improvement at +6.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderRaghav Productivity Enhancers Ltd · 30.3%
Gap12.2% versus #2 · Banganga Paper Industries Ltd
Persistence7/8 recent comparable periods
Coverage17/17 companies · 201 observations
Investor read: Raghav Productivity Enhancers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Raghav Productivity Enhancers Ltd RPEL30%
2Banganga Paper Industries Ltd BANGANGA · older report27%
3Gallantt Ispat Ltd. GALLANTT18%
4Kamdhenu Ltd KAMDHENU⚠ unverified17%
5Vardhman Special Steels Ltd VSSL17%
ROCE changefastest improvers
1Raghav Productivity Enhancers Ltd RPEL+6.5 pp
2Shyam Metalics & Energy Ltd SHYAMMETL+1.9 pp
3Kamdhenu Ltd KAMDHENU⚠ unverified+1.6 pp
4Rhetan TMT Ltd RHETAN+1.0 pp
5Sunflag Iron & Steel Company Ltd SUNFLAG+0.6 pp
Return on capital · company comparison
17/17 level · 16/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Raghav Productivity Enhancers Ltd RPEL | 35% | +6.5 pp | Jun 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | 23% | +1.6 pp | Mar 2026 |
| Gallantt Ispat Ltd. GALLANTT | 16% | −2.2 pp | Mar 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | 15% | +1.9 pp | Jun 2026 |
| Kalyani Steels Ltd KSL | 14% | −2.0 pp | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | 14% | −3.6 pp | Jun 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | 11% | −1.9 pp | Jun 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | 9.9% | −1.9 pp | Mar 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | 8.6% | −136.1 pp | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | 8.5% | −1.9 pp | Mar 2026 |
| Jindal Steel Ltd JINDALSTEL | 8.1% | +0.2 pp | Jun 2026 |
| Rhetan TMT Ltd RHETAN | 4.5% | +1.0 pp | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | 4.5% | −3.6 pp | Mar 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | 3.5% | +0.6 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
-126%
—
0.1%
—
9.6%
—
-10%
—
-380%
—
-249%
—
145%
146%
145%
166%
84%
58%
8.6%
—
Gallantt Ispat Ltd. · GALLANTT
15%
—
11%
—
13%
—
11%
—
11%
12%
13%
19%
17%
22%
19%
22%
19%
20%
16%
—
Jindal Steel Ltd · JINDALSTEL
30%
—
25%
—
18%
—
13%
—
12%
13%
12%
13%
11%
11%
7.9%
8.8%
7.5%
6.9%
8.1%
—
Kalyani Steels Ltd · KSL
24%
26%
18%
—
12%
—
14%
—
19%
—
17%
—
16%
—
16%
20%
15%
19%
14%
—
Prakash Industries Ltd · PRAKASH⚠ unverified
6.6%
—
7.0%
—
7.1%
—
7.7%
—
8.7%
11%
10%
12%
10%
12%
10%
12%
9.3%
10%
8.5%
—
Raghav Productivity Enhancers Ltd · RPEL
18%
—
20%
—
21%
—
23%
—
22%
25%
21%
24%
22%
26%
23%
28%
25%
31%
27%
35%
Rhetan TMT Ltd · RHETAN
—
7.4%
11%
4.2%
4.0%
6.3%
8.3%
—
9.5%
—
6.9%
6.1%
8.7%
8.4%
3.5%
6.8%
0.5%
9.6%
4.5%
—
Salasar Techno Engineering Ltd · SALASAR⚠ unverified
21%
—
19%
—
15%
—
19%
24%
20%
24%
22%
25%
16%
19%
12%
15%
13%
13%
9.9%
—
Shyam Metalics & Energy Ltd · SHYAMMETL
36%
—
37%
—
23%
—
14%
—
9.8%
12%
8.9%
13%
10%
14%
9.9%
13%
10%
13%
11%
15%
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
9.9%
—
16%
—
9.7%
—
6.5%
10%
7.5%
9.5%
9.1%
12%
10%
13%
11%
11%
9.7%
11%
Sunflag Iron & Steel Company Ltd · SUNFLAG
16%
—
15%
—
10%
—
9.3%
—
5.5%
6.4%
4.5%
5.5%
3.4%
4.4%
2.9%
4.3%
3.3%
3.9%
3.5%
—
Vardhman Special Steels Ltd · VSSL
28%
—
25%
—
25%
—
21%
—
17%
—
18%
21%
20%
22%
17%
—
11%
—
14%
—
ROCE change · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
—
—
—
+135.9 pp
—
−10.4 pp
—
−389.2 pp
—
−238.3 pp
—
+524.1 pp
—
+393.3 pp
—
−60.1 pp
−87.7 pp
−136.1 pp
—
Gallantt Ispat Ltd. · GALLANTT
—
—
—
—
−2.1 pp
—
+0.2 pp
—
−2.5 pp
—
+1.5 pp
—
+5.8 pp
+9.5 pp
+6.0 pp
+2.8 pp
+2.3 pp
−1.3 pp
−2.2 pp
—
Jindal Steel Ltd · JINDALSTEL
—
—
—
—
−12.3 pp
—
−11.5 pp
—
−6.0 pp
—
−1.5 pp
—
−0.9 pp
−2.3 pp
−3.8 pp
−4.3 pp
−3.2 pp
−3.8 pp
+0.2 pp
—
Kalyani Steels Ltd · KSL
—
—
—
—
−11.7 pp
—
−4.8 pp
—
+6.6 pp
—
+3.7 pp
—
−2.4 pp
—
−1.4 pp
—
−1.3 pp
—
−2.0 pp
—
Prakash Industries Ltd · PRAKASH⚠ unverified
—
—
—
—
+0.5 pp
—
+0.7 pp
—
+1.6 pp
—
+2.6 pp
—
+1.6 pp
+0.3 pp
+0.1 pp
−0.3 pp
−1.0 pp
−1.2 pp
−1.9 pp
—
Raghav Productivity Enhancers Ltd · RPEL
—
—
—
—
+2.8 pp
—
+2.7 pp
—
+1.3 pp
—
−2.1 pp
—
−0.3 pp
+1.9 pp
+2.3 pp
+3.7 pp
+3.3 pp
+4.3 pp
+3.7 pp
+6.5 pp
Rhetan TMT Ltd · RHETAN
—
—
—
—
—
−1.1 pp
−2.5 pp
—
+5.5 pp
—
−1.4 pp
—
−0.8 pp
—
−3.4 pp
+0.7 pp
−8.2 pp
+1.2 pp
+1.0 pp
—
Salasar Techno Engineering Ltd · SALASAR⚠ unverified
—
—
—
—
−6.4 pp
—
+0.1 pp
—
+4.7 pp
—
+3.7 pp
+1.7 pp
−4.1 pp
−5.2 pp
−10.5 pp
−10.5 pp
−2.8 pp
−5.8 pp
−1.9 pp
—
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
—
—
−13.0 pp
—
−23.1 pp
—
−13.3 pp
—
−4.8 pp
—
+0.4 pp
+1.3 pp
+1.0 pp
0.0 pp
0.0 pp
−1.1 pp
+1.5 pp
+1.9 pp
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
—
—
—
—
−0.2 pp
—
−9.0 pp
—
−2.2 pp
—
+2.6 pp
+1.9 pp
+2.8 pp
+3.3 pp
+1.4 pp
−0.9 pp
−0.6 pp
−1.9 pp
Sunflag Iron & Steel Company Ltd · SUNFLAG
—
—
—
—
−6.3 pp
—
−5.6 pp
—
−4.5 pp
—
−4.8 pp
—
−2.1 pp
−2.0 pp
−1.6 pp
−1.2 pp
−0.1 pp
−0.5 pp
+0.6 pp
—
Vardhman Special Steels Ltd · VSSL
—
—
—
—
−2.7 pp
—
−4.7 pp
—
−8.3 pp
—
−2.3 pp
—
+3.7 pp
—
−1.2 pp
—
−9.0 pp
—
−3.6 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Vardhman Special Steels Ltd has the lowest Guarded PEG among the 17 Steel Products companies compared here, at 0.42×. Sunflag Iron & Steel Company Ltd is next at 0.65×. Prakash Industries Ltd has the lowest P/E at 6.65×, so level and change sit with different companies. 8 of 17 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Vardhman Special Steels Ltd has the lowest comparable Guarded PEG at 0.42×, 35.4% below Sunflag Iron & Steel Company Ltd. Only 8 of 17 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderVardhman Special Steels Ltd · 0.42×
Gap35.4% versus #2 · Sunflag Iron & Steel Company Ltd
Persistence0/8 recent comparable periods
Coverage8/17 companies · 55 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Vardhman Special Steels Ltd VSSL0.4
2Sunflag Iron & Steel Company Ltd SUNFLAG0.7
3Kalyani Steels Ltd KSL1.0
4Gallantt Ispat Ltd. GALLANTT1.0
5Shyam Metalics & Energy Ltd SHYAMMETL1.2
P/Elowest P/E
1Prakash Industries Ltd PRAKASH⚠ unverified6.7
2Kalyani Steels Ltd KSL14.8
3BMW Industries Ltd 54266915.3
4Beekay Steel Industries Ltd BEEKAY⚠ unverified20.8
5Shyam Metalics & Energy Ltd SHYAMMETL25.5
Valuation · company comparison
8/17 level · 15/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Rhetan TMT Ltd RHETAN | 3.9 | 225.0 | Mar 2026 |
| Jindal Steel Ltd JINDALSTEL | 2.7 | 26.8 | Jun 2026 |
| Raghav Productivity Enhancers Ltd RPEL | 2.3 | 101.0 | Jun 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | 1.2 | 24.7 | Jun 2026 |
| Gallantt Ispat Ltd. GALLANTT | 1.0 | 27.3 | Mar 2026 |
| Kalyani Steels Ltd KSL | 1.0 | 9.9 | Mar 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | 0.7 | 16.8 | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | 0.4 | 25.1 | Jun 2026 |
| BMW Industries Ltd 542669 | — | 9.8 | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | — | 6.3 | Mar 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | — | 57.4 | Jun 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | — | 14.6 | Mar 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | — | 49.8 | Mar 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | — | 16.5 | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | — | 10.9 | Mar 2026 |
| Banganga Paper Industries Ltd BANGANGA | — | 250.7 | Dec 2025 |
| Panchmahal Steel Ltd PANCHMSTEL | — | 150.0 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Gallantt Ispat Ltd. · GALLANTT
—
—
—
—
0.4
—
0.4
0.2
—
—
—
—
—
—
—
—
0.8
0.5
1.0
—
Jindal Steel Ltd · JINDALSTEL
—
—
—
—
0.2
—
—
—
—
—
0.6
—
0.5
1.1
—
—
—
—
—
2.7
Kalyani Steels Ltd · KSL
—
—
—
0.2
—
—
—
—
—
—
—
—
1.0
—
0.5
1.0
1.7
2.2
1.0
—
Raghav Productivity Enhancers Ltd · RPEL
7.8
7.6
—
—
—
—
1.6
1.2
1.4
3.4
4.8
—
10.2
—
1.8
2.0
3.1
2.8
—
2.3
Rhetan TMT Ltd · RHETAN
—
—
—
—
—
—
—
17.1
—
3.6
—
—
—
—
—
6.5
7.1
20.9
3.9
—
Shyam Metalics & Energy Ltd · SHYAMMETL
—
—
—
—
—
—
—
—
—
—
—
0.9
—
—
—
5.0
—
—
3.1
1.2
Sunflag Iron & Steel Company Ltd · SUNFLAG
—
—
—
—
—
0.2
—
—
0.7
—
2.9
3.2
—
—
—
—
0.7
0.7
—
—
Vardhman Special Steels Ltd · VSSL
—
—
0.9
1.0
0.6
0.2
—
—
—
—
—
0.7
0.7
—
—
—
—
0.8
0.4
—
P/E · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
11.9
11.4
6.8
16.2
19.8
22.7
18.6
11.8
16.5
17.7
20.4
20.9
21.9
17.4
13.9
16.7
14.6
13.5
9.8
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
—
1.4
2.6
2.5
—
-1.2
-6.0
4.4
1.4
1.6
2.4
3.2
3.1
4.2
3.1
4.8
5.4
6.5
14.6
—
Gallantt Ispat Ltd. · GALLANTT
5.0
5.2
4.8
5.2
3.8
3.9
4.0
4.2
14.6
26.0
23.4
38.3
27.9
26.6
24.2
31.7
35.0
25.4
27.3
—
Jindal Steel Ltd · JINDALSTEL
7.0
5.6
9.1
6.1
6.5
11.6
12.7
16.6
18.6
17.6
15.6
17.9
18.8
18.6
22.8
26.1
27.5
28.0
40.5
26.8
Kalyani Steels Ltd · KSL
6.7
5.2
5.5
4.9
5.4
6.5
5.3
6.4
9.6
8.7
15.3
16.7
15.2
20.3
13.5
15.9
12.8
12.2
9.9
—
Prakash Industries Ltd · PRAKASH⚠ unverified
8.9
5.8
7.4
5.3
5.4
5.7
4.9
7.2
10.8
10.6
9.4
9.5
9.2
8.1
8.1
8.2
8.5
7.5
6.3
—
Raghav Productivity Enhancers Ltd · RPEL
90.8
88.8
36.7
30.0
31.1
46.9
38.7
45.6
43.2
65.2
53.7
67.5
87.6
104.2
69.3
86.2
82.4
121.1
76.2
101.0
Rhetan TMT Ltd · RHETAN
—
—
—
—
49.6
237.8
296.0
200.0
137.9
142.9
119.3
373.8
377.5
386.8
243.4
324.5
354.8
347.9
225.0
—
Shyam Metalics & Energy Ltd · SHYAMMETL
10.4
5.7
5.5
4.2
4.3
5.8
6.5
10.7
17.5
15.8
14.1
16.9
21.6
24.6
26.3
26.3
27.4
23.5
22.2
24.7
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
46.1
18.1
12.2
8.2
—
—
—
—
-24.2
152.0
92.4
60.9
29.9
35.9
36.2
36.2
61.7
32.7
57.4
Sunflag Iron & Steel Company Ltd · SUNFLAG
6.3
4.8
4.7
6.6
8.2
9.7
11.8
12.9
16.3
23.0
23.9
26.8
30.0
31.4
26.1
33.3
23.5
23.7
16.8
—
Vardhman Special Steels Ltd · VSSL
9.7
10.5
9.2
9.0
9.2
10.7
16.1
17.3
21.1
24.5
18.9
27.8
26.4
20.6
15.3
23.1
23.9
24.9
19.4
25.1
08 · compare level, then change
Enterprise Value & Book Value
Prakash Industries Ltd has the lowest EV/EBITDA among the 17 Steel Products companies compared here, at 4.1×. BMW Industries Ltd is next at 5.4×. The same company also holds the lowest P/BV, at 0.62×. 17 of 17 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.
What the numbers say: Prakash Industries Ltd leads both ev/ebitda at 4.1× and p/bv at 0.62×.
LeaderPrakash Industries Ltd · 4.1×
Gap24.1% versus #2 · BMW Industries Ltd
Persistence0/8 recent comparable periods
Coverage17/17 companies · 307 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Prakash Industries Ltd PRAKASH⚠ unverified4.1
2BMW Industries Ltd 5426695.4
3Kalyani Steels Ltd KSL5.9
4Beekay Steel Industries Ltd BEEKAY⚠ unverified7.3
5Sunflag Iron & Steel Company Ltd SUNFLAG8.6
P/BVlowest P/BV
1Prakash Industries Ltd PRAKASH⚠ unverified0.6
2Sunflag Iron & Steel Company Ltd SUNFLAG0.7
3Beekay Steel Industries Ltd BEEKAY⚠ unverified0.7
4Salasar Techno Engineering Ltd SALASAR⚠ unverified1.3
5BMW Industries Ltd 5426691.5
Enterprise and book valuation · company comparison
17/17 level · 16/17 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Rhetan TMT Ltd RHETAN | 186.4 | 20.1 | Mar 2026 |
| Banganga Paper Industries Ltd BANGANGA | 106.9 | 40.3 | Dec 2025 |
| Raghav Productivity Enhancers Ltd RPEL | 71.3 | 22.0 | Jun 2026 |
| Panchmahal Steel Ltd PANCHMSTEL | 59.8 | 3.8 | Mar 2026 |
| Electrotherm (India) Ltd ELECTHERM⚠ unverified | 23.1 | -4.6 | Mar 2026 |
| Gallantt Ispat Ltd. GALLANTT | 17.7 | 4.2 | Mar 2026 |
| Vardhman Special Steels Ltd VSSL | 16.2 | 2.9 | Jun 2026 |
| Steel Exchange India Ltd STEELXIND⚠ unverified | 14.6 | 2.0 | Jun 2026 |
| Jindal Steel Ltd JINDALSTEL | 12.7 | 2.1 | Jun 2026 |
| Shyam Metalics & Energy Ltd SHYAMMETL | 10.8 | 2.3 | Jun 2026 |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | 10.1 | 1.3 | Mar 2026 |
| Kamdhenu Ltd KAMDHENU⚠ unverified | 10.0 | 2.3 | Mar 2026 |
| Sunflag Iron & Steel Company Ltd SUNFLAG | 8.6 | 0.4 | Mar 2026 |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | 7.3 | 0.6 | Mar 2026 |
| Kalyani Steels Ltd KSL | 5.9 | 1.4 | Mar 2026 |
| BMW Industries Ltd 542669 | 5.4 | 0.8 | Mar 2026 |
| Prakash Industries Ltd PRAKASH⚠ unverified | 4.1 | 0.6 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
9.7
9.8
6.7
6.9
7.6
8.4
7.9
6.4
8.4
8.9
9.9
10.3
10.4
9.2
7.8
8.6
7.7
7.1
5.4
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
22.6
8.0
12.1
24.4
120.9
79.7
47.2
15.1
8.8
6.9
6.3
6.9
6.0
6.8
5.9
8.5
8.4
10.1
23.1
—
Gallantt Ispat Ltd. · GALLANTT
3.5
3.0
2.6
9.6
6.2
5.6
4.7
4.9
7.3
12.9
13.0
20.0
15.5
14.5
13.7
18.5
21.3
16.3
17.7
—
Jindal Steel Ltd · JINDALSTEL
4.5
3.3
4.7
4.3
3.7
5.8
6.0
6.9
8.7
9.0
9.6
11.1
11.1
10.3
10.9
11.2
12.2
12.0
14.4
12.7
Kalyani Steels Ltd · KSL
3.2
2.1
2.1
1.9
1.8
2.4
1.7
2.4
4.4
3.8
8.0
8.9
9.1
11.8
7.8
9.6
7.1
7.2
5.9
—
Prakash Industries Ltd · PRAKASH⚠ unverified
4.8
3.6
4.3
3.5
3.3
3.4
3.0
4.0
6.1
6.2
5.9
6.5
6.0
5.5
5.5
5.5
5.8
4.8
4.1
—
Raghav Productivity Enhancers Ltd · RPEL
54.6
52.8
23.8
19.9
21.5
32.5
28.4
32.7
30.9
45.0
35.3
43.6
56.1
67.7
46.0
58.0
55.1
81.0
51.0
71.3
Rhetan TMT Ltd · RHETAN
—
—
—
—
48.6
208.8
261.6
155.6
86.3
89.1
74.7
196.6
194.1
223.2
156.5
211.2
243.5
264.8
186.4
—
Shyam Metalics & Energy Ltd · SHYAMMETL
7.1
3.7
3.6
2.9
3.0
3.9
3.8
5.8
8.6
12.0
10.9
11.4
14.1
11.2
12.3
11.7
11.9
10.3
9.6
10.8
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
16.5
24.2
17.0
10.8
18.7
19.5
25.4
19.8
15.5
19.5
20.9
17.7
12.7
10.7
12.3
11.9
13.9
9.7
14.6
Sunflag Iron & Steel Company Ltd · SUNFLAG
4.3
4.0
3.8
4.0
5.5
6.3
7.3
7.5
8.8
11.3
10.8
11.4
12.7
13.2
11.7
14.4
11.2
11.5
8.6
—
Vardhman Special Steels Ltd · VSSL
5.5
6.5
6.0
5.4
5.6
6.7
10.0
10.4
12.2
13.7
11.0
15.2
14.5
11.8
9.0
12.8
15.4
16.0
12.7
16.2
P/BV · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
BMW Industries Ltd · 542669
1.7
1.7
1.1
1.1
1.1
1.4
1.4
1.2
1.7
1.9
2.0
2.2
2.3
1.8
1.5
1.9
1.4
1.2
0.8
—
Electrotherm (India) Ltd · ELECTHERM⚠ unverified
-0.1
-0.2
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.1
-0.3
-0.7
-0.9
-1.5
-2.5
-1.8
-2.0
-1.3
-7.3
-4.6
—
Gallantt Ispat Ltd. · GALLANTT
0.8
0.8
0.7
0.3
0.7
0.7
0.2
0.2
1.0
1.9
2.0
3.5
3.6
3.2
3.5
5.2
5.6
4.0
4.2
—
Jindal Steel Ltd · JINDALSTEL
1.1
1.2
1.6
1.0
1.2
1.6
1.6
1.7
1.9
1.8
2.1
2.8
2.4
2.0
2.0
2.2
2.2
2.0
2.3
2.1
Kalyani Steels Ltd · KSL
1.5
1.1
1.1
1.0
1.0
1.1
0.9
1.1
1.7
1.6
2.7
3.0
2.2
2.9
1.9
2.4
1.8
1.6
1.4
—
Prakash Industries Ltd · PRAKASH⚠ unverified
0.4
0.3
0.4
0.3
0.3
0.3
0.3
0.5
0.9
1.0
1.0
1.1
1.1
0.9
0.9
1.0
0.9
0.7
0.6
—
Raghav Productivity Enhancers Ltd · RPEL
12.8
8.3
6.3
8.2
5.0
8.2
8.2
10.4
8.5
11.8
9.4
12.2
15.8
18.6
13.9
17.6
15.3
20.3
12.8
22.0
Rhetan TMT Ltd · RHETAN
—
—
—
—
2.4
11.7
14.2
9.3
9.0
9.2
7.7
14.0
13.5
20.0
14.7
17.4
18.0
19.8
20.1
—
Shyam Metalics & Energy Ltd · SHYAMMETL
1.9
1.7
1.9
1.2
1.1
1.2
1.1
1.6
1.6
2.0
1.9
2.3
2.6
2.0
2.3
2.5
2.4
2.1
1.9
2.3
Steel Exchange India Ltd · STEELXIND⚠ unverified
—
—
4.3
2.9
2.2
2.4
2.7
3.4
1.9
2.1
2.5
2.6
2.3
1.8
1.3
1.7
1.6
1.6
1.2
2.0
Sunflag Iron & Steel Company Ltd · SUNFLAG
0.9
0.8
0.7
0.9
0.5
0.7
1.5
1.7
1.1
0.8
0.7
1.1
0.8
0.7
0.6
1.0
0.5
0.6
0.4
—
Vardhman Special Steels Ltd · VSSL
1.9
2.0
1.7
1.7
1.6
2.1
2.5
2.4
2.5
2.7
2.4
3.5
3.4
2.5
2.2
2.7
2.8
2.9
2.2
2.9
09 · let price answer last
Market action
Raghav Productivity Enhancers Ltd has the strongest one-year price move in Steel Products at +88.9%. It also leads on Mansfield relative strength against NIFTY at +57.9%. 11 of 17 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Steel Products comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 17 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 6 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 6 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 17 companies in the canonical Steel Products membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Jindal Steel Ltd JINDALSTEL | ₹1.1 L Cr | ₹1,036 | 2026-07-19 | Jun 2026 | Cross-checked |
| Shyam Metalics & Energy Ltd SHYAMMETLAHEAD25/26 WEEKS | ₹28.7K Cr | ₹1,027 | 2026-07-19 | Jun 2026 | Cross-checked |
| Gallantt Ispat Ltd. GALLANTT19/26 WEEKS | ₹12.6K Cr | ₹521 | 2026-07-19 | Mar 2026 | Cross-checked |
| Sunflag Iron & Steel Company Ltd SUNFLAGAHEAD19/26 WEEKS | ₹6.3K Cr | ₹349 | 2026-07-19 | Mar 2026 | Cross-checked |
| Raghav Productivity Enhancers Ltd RPELAHEAD | ₹6.0K Cr | ₹1,303 | 2026-07-19 | Jun 2026 | Cross-checked |
| Kalyani Steels Ltd KSLAHEAD19/26 WEEKS | ₹3.9K Cr | ₹893 | 2026-07-19 | Mar 2026 | Cross-checked |
| Vardhman Special Steels Ltd VSSLAHEAD | ₹2.9K Cr | ₹296 | 2026-07-19 | Jun 2026 | Cross-checked |
| Rhetan TMT Ltd RHETAN24/26 WEEKS | ₹2.3K Cr | ₹28.4 | 2026-07-19 | Mar 2026 | Cross-checked |
| Prakash Industries Ltd PRAKASH⚠ unverified | ₹2.2K Cr | ₹124 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Steel Exchange India Ltd STEELXINDAHEAD19/26 WEEKS⚠ unverified | ₹1.5K Cr | ₹11.6 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Electrotherm (India) Ltd ELECTHERMAHEAD⚠ unverified | ₹1.3K Cr | ₹1,008 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| BMW Industries Ltd 542669AHEAD | ₹1.2K Cr | ₹55.1 | 2026-07-19 | Mar 2026 | Primary source only |
| Salasar Techno Engineering Ltd SALASAR⚠ unverified | ₹1.0K Cr | ₹6.0 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Kamdhenu Ltd KAMDHENUAHEAD⚠ unverified | ₹1.0K Cr | ₹36.1 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Beekay Steel Industries Ltd BEEKAY⚠ unverified | ₹764 Cr | ₹400 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Banganga Paper Industries Ltd BANGANGA | ₹657 Cr | ₹40.9 | 2026-03-08 · not currently priced | Dec 2025 | Primary source only |
| Panchmahal Steel Ltd PANCHMSTEL | ₹517 Cr | ₹271 | 2026-07-19 | Mar 2026 | Primary source only |
How each company's sources stand: 6 of 17 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 17 Steel Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing8 cross-checked · 9 unverified · 0 withheld, of 17 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Steel Products company comparison FAQs
These 18 answers restate the Steel Products comparison above in question form. Every one is computed from the same 17 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Steel Products index?
The Nifty Steel Products index tracks India's listed Steel Products companies as a single basket. This page follows the same 17 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Steel Products sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Steel Products stocks in India?
Ranked by this page's four-factor score, Shyam Metalics & Energy Ltd places first among 17 listed Steel Products companies, followed by Raghav Productivity Enhancers Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Steel Products stocks are listed in India?
This comparison covers 17 listed Steel Products companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Steel Products company is the biggest?
Jindal Steel Ltd is the largest, with trailing-twelve-month revenue of ₹56,413 crore, ahead of Shyam Metalics & Energy Ltd at ₹19,583 crore. That covers 17 of 17 companies with comparable reporting through Jun 2026.
Which Steel Products company is growing fastest?
Banganga Paper Industries Ltd has the fastest revenue growth at 100% year on year, across 17 of 17 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Steel Products company has the best profit margins?
Raghav Productivity Enhancers Ltd has the highest operating margin at 30%, from 17 of 17 comparable companies. Rhetan TMT Ltd shows the biggest recent improvement, at +76.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Steel Products company makes the most profit?
Jindal Steel Ltd earns the most, at ₹2,709 crore of trailing-twelve-month net profit, from 17 of 17 comparable companies. Banganga Paper Industries Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Steel Products company earns the highest return on capital?
Raghav Productivity Enhancers Ltd leads on return on capital employed at 30.3%, across 17 of 17 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Steel Products stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Vardhman Special Steels Ltd screens cheapest at 0.42×. Only 8 of 17 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Steel Products company has the strongest balance sheet?
Raghav Productivity Enhancers Ltd carries the lowest comparable gross debt at ₹5 crore, from 17 of 17 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Steel Products stock has the strongest price momentum?
Raghav Productivity Enhancers Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Steel Products company scores highest for research priority?
Shyam Metalics & Energy Ltd scores 69.1 out of 100 with 97% evidence confidence, from 26.3 points on growth and earnings, 15.2 on capital efficiency, 12.6 on valuation and 15 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Steel Products companies does this comparison cover, and over what period?
It compares 17 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Steel Products sector?
The 17 Steel Products companies on this page carry ₹1,78,426 crore of combined market value. Jindal Steel Ltd is the largest at ₹1,05,661 crore, about 59% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Steel Products sector's P/E ratio?
The median price-to-earnings ratio across the 17 Steel Products companies on this page is 31.1×, measured on the 15 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Steel Products sector performing?
11 of the 17 covered Steel Products companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.