List of Top Steel Company In India | Detailed View

Here is the list of Top Steel Company in India based on Market Capitalization in 2020

  • JSW Steel Ltd
  • Tata Steel Ltd
  • Jindal Steel & Power Ltd
  • SAIL Ltd
  • Ratnamani Metals & Tubes Ltd
  • APL Apollo Tubes Ltd
  • Welspun Corp Ltd
  • Jindal Saw Limited

List of Top Steel Company In India

#1. JSW Steel Ltd

JSW Steel Ltd is the biggest steel company in India with a market cap of  49,976 Cr. in 2020.

IndustryIron & Steel/Interm.Products
Founded1982
Chairman & MDSajjan Jindal

JSW Steel is the flagship company of the US$ 12 billion JSW Group.

It is one of India’s largest steel manufacturers with state-of-the-art upstream and downstream operations.

JSW Steel’s rank No.7 among the top 35 world-class steelmakers

The Company has significantly expanded its domestic steelmaking capacity at its Indian operations, from 1.6 MTPA in 2002 to 18.0 MTPA in 2016, both organically and inorganically.

  • It operates some of the most efficient steel manufacturing units with best-in-class EBITDA per tonne levels.
  • It is one of the largest exporters of flat steel products from India.
  • It has a wide sales and distribution network across the country, with a strong presence in South and West India where a large portion of steel customers are located.
  • The Company has a significant domestic retail presence across 11,000+ exclusive and non-exclusive retail outlets and has export footprints in over 100 countries across five continents.

MANUFACTURING FACILITY

It’s strategically located manufacturing facilities comprise Vijayanagar Works in Karnataka (12.0 MTPA), Dolvi & Salav Works in Maharashtra (5.0 MTPA) and Salem Works in Tamil Nadu (1.0 MTPA), along with downstream facilities for its coated products subsidiary at Vasind, Tarapur and Kalmeshwar Works in Maharashtra.

It’s overseas manufacturing operations comprise a plate & pipe mill in Baytown, Texas, USA, a steelmaking facility at Ohio, USA, and a long product rolling facility in Italy.

PRODUCT PORTFOLIO

The company produce mainly three products

  1. Flats
  2. Longs
  3. Semis
JSW Steel company in india product mix

FLATS

JSW Steel produces flat sheet products that include, hot-rolled coils, cold-rolled coils, and coated products like galvanized, galvalume, tinplate and color coated.

The share of flat products increased to 72% in the product mix, with domestic sales of ~8.26 MnT.

LONGS

JSW Steel manufactures a variety of long products such as TMT bars, wire rods, and special alloy steel.

The product segment comprised 24% of the product portfolio in FY 2019-20, the same as last year. During the year, long products’ domestic sales stood at 3.26 MnT.

JSW Steel ltd domestic & Export sales break-up

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  49,976 Cr.
  • Current Price:  206.75
  • 52 weeks High / Low  296.75 / 132.50
  • Book Value:  151.51
  • Stock P/E: 10.86
  • Dividend Yield: 0.97 %
  • ROCE: 9.10 %
  • ROE: 12.88 %
  • Sales Growth (3Yrs): 9.66 %

 JSW STEEL LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales18,95773,32614.49%
Profit1,5984,0309.69%
Share Price115.39206.756.01%

#2. Tata Steel Ltd

Tata steel ltd is the second-largest steel company in India with a market cap of 39,534 Cr. in 2020

IndustryIron & Steel/Interm.Products
Founded1907
FounderMr. Jamsetji N. Tata
Chief Executive Officer and
Managing Director
T. V. Narendran

Tata Steel Limited was established as India’s first integrated steel company in 1907 by Mr. Jamsetji N. Tata, the founder of the Tata Group.

It is a leading global steel company with an annual steel production capacity of 33 MnTPA.

The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.

MANUFACTURING FACILITY

Tata Steel has manufacturing units at Jamshedpur, Jharkhand, and Kalinganagar, Odisha with production capacities of 10 MnTPA and 3 MnTPA, respectively.

In Financial Year 2018-19, the Company initiated a 5 MnTPA expansion project at Kalinganagar to enhance its cumulative capacity to 8 MnTPA.

PRODUCT PORTFOLIO

The product mix of the company includes flat products such as hot rolled coils, cold-rolled coils, galvanized steel, and long products such as wire rods, rebars; ferroalloys, tubes, bearings, wires, etc.

The product segments cater to agriculture, automotive, construction, Industrial & Engineering, etc.

REVENUE BREAK-UP

The break-up of sales in various segments and the break-up of domestic sales to exports are as follows:

Tata steel ltd-steel company in india revenue break up
Source: Annual Report

ACQUISITION

The company acquired Corus Group PLC in April 2007, having an annual capacity of 17.4 million tonnes, which was later renamed as Tata Steel Europe in September 2010

In May 2018, the company acquired Bhushan Steel Limited (renamed as Tata Steel BSL Limited; an annual capacity of 5.60 million tonnes). The company has also acquired the steel business of Usha Martin Limited (having an annual capacity of around 1 million tonnes) during FY20 through its subsidiary – Tata Steel Long Products Limited.

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  39,534 Cr.
  • Current Price:  350.95
  • 52 weeks High / Low  506.00 / 250.85
  • Book Value:  644.87
  • Stock P/E: 9.87
  • Dividend Yield: 2.85 %
  • ROCE: 14.23 %
  • ROE: 15.53 %
  • Sales Growth (3Yrs): 15.64 %

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
Aug. 11, 20041:2

 Tata Steel Ltd Ltd Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales102,393139,8173.16%
Profit-2,0091,557
Share Price584.21350.95-4.95%

#3. Jindal Steel & Power Ltd

Jindal Steel & Power Ltd is the 3rd largest steel company in India with a market cap of  18,029 Cr. in 2020

IndustryIron & Steel/Interm.Products
Founded1989
FounderOm Prakash Jindal
Parent Jindal Group

As a part of the US$ 22 billion groups, Jindal Steel and Power Limited is one of the leaders in the Indian steel industry, with a significant global presence.

The Company has a substantial presence in domestic power, mining, and infrastructure sectors.

The Company’s geographical footprints span across Asia, Africa, Australia, and the Middle East

BUSINESS SEGMENTS

The Company Mainly Present in Three segments

  • Steel
  • Power
  • Others
Jindal Steel and Power Limited-steel company in india revenue break-up

REVENUE BREAK-UP GEOGRAPHIC WISE(%)

Jindal Steel and Power Limited-geographic wise revenue break up

STEEL

JSPL’s domestic steel business produces economical and efficient steel through backward and forward integration.

The Company owns and operates a state of the art facilities in Chhattisgarh, Odisha and Jharkhand, and an extensive product portfolio that caters to the various needs of the steel market.

PRODUCT PORTFOLIO

JSPL exports its diversified product portfolio to more than 22 countries.

  • TMT Bar
  • Rails and Heads Hardened Rails
  • Parallel Flange Beams and Column
  • Angles and Channels
  • Plates
  • Coils
  • Wire Rods
  • Cast Round and Billets

Only steel products mention

CORE CAPACITIES

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  18,029 Cr.
  • Current Price:  176.75
  • 52 weeks High / Low  202.40 / 62.00
  • Book Value:  315.07
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 4.05 %
  • ROE: -0.62 %
  • Sales Growth (3Yrs): 34.06 %

BONUS SHARE ISSUE HISTORY

Bonus History (Jindal Steel & Power)

DateBonus Ratio
29-07-20095:1

Jindal Steel & Power Ltd Performance in last 10 Years

Year20102020CAGR 
Growth(%)
Sales11,08436,99612.81%
Profit3,573-109
Share Price676.11176.75-12.56%

#4. SAIL Ltd

Steel Authority of India Ltd is the Maharatna steel company in India with a market cap of 15,242 Cr.in 2020

IndustryIron & Steel/Interm.Products
Founded1954
OwnerGovt. Of India
ChairmanAnil Kumar Chaudhary

SAIL was promoted in 1973 by the Government of India (GoI) as a holding company to bring companies producing steel and related products under one umbrella.

The company is an integrated iron and steel maker, producing both carbon and special steel for industries like construction, engineering, power, railway, automotive, consumer durables, defense, etc.

  • SAIL is one of the largest steel-makers in India with crude steel and saleable steel capacities stood at 19.63 Million Tonnes Per Annum (MTPA) and 18.54 MTPA as on March 31, 2019.
  • At present, SAIL owns and operates five integrated steel plants viz., Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP), Bokaro Steel Plant (BSL) and IISCO Steel Plant (ISP).
  • The company also has three special steel plants i.e. Alloy Steel Plant, Salem Steel Plant, and Visvesvaraya Iron & Steel Plant.

Also Read : List Of Best Maharatna Company In India

PRODUCT PORTFOLIO

The product mix of company include

  • Saleable steel products
    • Flat Products (including Pipes & Electrical Sheets)
    • Long Products
    • Alloy & Special Steel
    • Secondary Products (Pig Iron, Scrap, Coal Chemicals, etc.)
  • Other Products
sail ltd steel company in india revenue break-up product wise

Break-up of Domestic sales to Exports are as follows

sail ltd Break-up of Domestic sales to Exports

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  15,242 Cr.
  • Current Price:  36.90
  • 52 weeks High / Low  51.90 / 20.15
  • Book Value:  94.98
  • Stock P/E: 5.82
  • Dividend Yield: 1.36 %
  • ROCE: 8.54 %
  • ROE: 6.89 %
  • Sales Growth (3Yrs): 19.96 %

Steel Authority of India Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales40,50761,6644.29%
Profit6,8512,121-11.06%
Share Price230.7536.90-16.75%

#5. Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd is the 5th largest steel company in India with a market cap of  4,923 Cr. in 2020

IndustryConstruction & Engineering
Founded1983
Chairman & Managing DirectorShri Prakash M. Sanghvi

Ratnamani Metals & Tubes Ltd company was incorporated in 1983.

It is the market leader in manufacturing Tubes & Pipes in Stainless Steel/Exotic and also a significant player in manufacturing Carbon Steel Welded Pipes.

  • The Country’s largest manufacturer of Nickel Alloy Pipes & Tubes and Titanium Welded Tubes
  • The company catered to 19+ Industries
  • Presence in 37 countries

Its manufacturing facilities are at Chhatral, Indrad, and Kutch in Gujarat

BUSINESS SEGMENTS

The company’s revenue comes from three segments

  • Steel Tubes and Pipes
  • The power generated from Windmills
  • Services

REVENUE BREAK-UP(%)

Ratnamani Metals & Tubes Ltd-steel company in india revenue break-up

REVENUE BREAK-UP GEOGRAPHIC WISE(%)

ratnamani metals & tube ltd revenue break up geographic wise

PRODUCT LIST

  • Heat Exchanger Tubes
  • Stainless Steel Seamless
  • Stainless Steel Pipes
  • High-Frequency Electric Resistance Welded (HFW-ERW) Pipes
  • Submerged Arc Welded (SAW) Pipes
  • Induction Bend

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  4,923 Cr.
  • Current Price:  1,053
  • 52 weeks High / Low  1390.00 / 715.55
  • Book Value:  365.55
  • Stock P/E: 16.01
  • Dividend Yield: 1.14 %
  • ROCE: 25.91 %
  • ROE: 17.88 %
  • Sales Growth (3Yrs): 17.05 %

BONUS SHARE ISSUE HISTORY

Bonus History (Ratnamani Metals and Tubes)

DateBonus Ratio
12-10-19951:2

Ratnamani Metals & Tubes Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales8522,58311.73%
Profit8130814.29%
Share Price100.03105326.54%

#6. APL Apollo Tubes Ltd

APL Apollo Tubes Ltd is the 6th largest steel company in India with a market cap of  4,240 Cr. in 2020

IndustryIron & Steel Products
Founded1986
ChairmanMr. Sanjay Gupta
MDMr. Ashok Kumar Gupta

APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel product manufacturers.

Headquartered at Delhi NCR, the Company operates eleven manufacturing facilities with a total capacity of 2.55 Million MTPA.

APL Apollo Tubes is the largest producer of Electric Resistance Welded (ERW) Steel Pipes and Sections in India and one of the largest players in the world.

It has a PAN-India presence with units strategically located in Sikandarabad (4 units), Malur, Bengaluru, Hosur, Dujana, Raipur, Murbad and Telangana.

The Company’s vast 3-tier distribution network of over 790 dealers is spread all across India, with warehouses offices in over 29 cities.

PRODUCTS

APL Apollo’s multi-product offerings include over 1,100 varieties of PreGalvanized Tubes, Structural ERW Steel Tubes, Galvanized Tubes, MS Black Pipes, and Hollow Sections.

Apl apollo ltd sales volume break up

MARKET SHARE

apl apollo tube ltd market share

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  4,240 Cr.
  • Current Price:  1,705
  • 52 weeks High / Low  2219.00 / 1025.00
  • Book Value:  459.26
  • Stock P/E: 17.82
  • Dividend Yield: 0.82 %
  • ROCE: 19.81 %
  • ROE: 16.45 %
  • Sales Growth (3Yrs): 19.86 %

BONUS SHARE ISSUE HISTORY

Bonus History (APL Apollo Tubes)

DateBonus Ratio
10-01-20071:1

APL Apollo Tubes Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales6107,72328.90%
Profit3023823.01%
Share Price90.04170534.19%

#7. Welspun Corp Ltd

Welspun Corp Ltd is the 7th largest steel company in India with a market cap of  2,150 Cr. in 2020

IndustryConstruction & Engineering
Founded1985
ChairmanBalkrishan Goenka
MD & CEOVipul Mathur

Welspun Corp Ltd. (WCL) is the flagship company of the USD 2.7 billion Welspun Group.

It is a one-stop service provider of welded line pipes, offering complete solutions and capabilities to manufacture a variety of pipes, catering to sectors like oil & gas and water resource management.

  • One of the world’s largest welded line pipe manufacturing company
  • Preferred supplier of Line Pipes to many of Oil & Gas companies part of Fortune 100

PRODUCT PORTFOLIO

  • HSAW Line Pipes
  • LSAW Line Pipes
  • ERW/HFIW Line Pipes
  • Plates & Coils
  • Coating Systems
  • Ancillary Services
Welspun Corp Ltd. steel company in india sales break up
Source : Annual Report

REVENUE BREAK-UP GEOGRAPHIC WISE(%)

Welspun Corp Ltd. revenue break up geographic wise

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  2,150 Cr.
  • Current Price:  82.40
  • 52 weeks High / Low  233.95 / 55.00
  • Book Value:  123.24
  • Stock P/E: 3.38
  • Dividend Yield: 12.14 %
  • ROCE: 12.12 %
  • ROE: -2.20 %
  • Sales Growth (3Yrs): 7.36 %

Welspun Corp Ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales7,3339,9573.11%
Profit6106350.40%
Share Price250.9682.40-10.54%

#8. Jindal Saw Limited

Jindal saw ltd is the 8th largest steel company in India with a market cap of 1,875 Cr. in 2020

IndustryConstruction & Engineering
Founded1984
ChairmanPrithvi Raj Jindal
MDMs. Sminu Jindal

JSAW Ltd is part of a diversified PR Jindal group. The company has a rich business vintage of over 30 years.

It enjoys a dominant position in the longitudinal and helical SAW steel pipe segment owing to its large capacities and established domestic and international clientele.

The company has five manufacturing facilities on a standalone basis at Kosi Kalan (UP), Mundra (Gujarat), Nashik (Maharashtra), Bellary (Karnataka), and Bhilwara (Rajasthan) respectively.

JSAW has an installed capacity of 0.85 million tonnes per annum (MTPA), 0.74 MTPA, 0.22 MTPA and 0.48 MTPA for manufacturing of LSAW pipes, HSAW pipes, seamless pipes, and DI pipes, respectively as on March 31, 2019

BUSINESS SEGMENTS

  • SAW Pipe Strategic Business
  • DI and Pig Iron Strategic Business
  • Seamless Strategic Business
  • Iron Ore Mines and Pellet Strategic Business

PRODUCT PORTFOLIO

The company has a healthy product portfolio with a presence across major segments of the pipe industry viz. LSAW pipes, HSAW pipes, DI pipes, seamless pipes, SS pipes, anti-corrosion coated pipes, hot-pulled induction bends, etc.

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  1,875 Cr.
  • Current Price:  58.65
  • 52 weeks High / Low  102.70 / 39.85
  • Book Value:  211.49
  • Stock P/E: 3.16
  • Dividend Yield: 3.41 %
  • ROCE: 10.24 %
  • ROE: 9.77 %
  • Sales Growth (3Yrs): 16.30 %

BONUS SHARE ISSUE HISTORY

Bonus History (Jindal Saw)

DateBonus Ratio
28-09-19941:1

Jindal saw ltd Performance In Last 10 Years

Year20102020CAGR 
Growth(%)
Sales7,11011,6275.04%
Profit680555-2.01%
Share Price183.6058.65-10.79%

Data taken from www.screener.in

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