About Iron & Steel
26 Aug 2026Iron & Steel is one of 12 industries in the Metals & Mining sector. Solomo tracks 18 listed companies classified as Iron & Steel on India's NSE and BSE, out of 96 in the Metals & Mining sector. Their combined market capitalisation was ₹8,35,292 crore (₹8.35 lakh crore) on 26 Aug 2026, 34.6% of the Metals & Miningsector's total and the largest of its 12 industries by market value. All 18 carry both an NSE symbol and a BSE scrip code.
The 3 largest by market capitalisation are JSW Steel Ltd (₹3,04,594 crore), Tata Steel Ltd (₹2,38,623 crore) and Jindal Steel Ltd (₹1,07,272 crore).
Median trailing P/E across the 16 companies with a reported ratio is 17.3, and median return on capital employed (ROCE) across 18 companies is 10.8%.
2 of them rank among the 100 largest listed companies in India by market capitalisation on 26 Aug 2026: JSW Steel Ltd (#27) and Tata Steel Ltd (#40).
| Company | Market cap | P/E | ROCE |
|---|---|---|---|
| JSW Steel Ltd | ₹3,04,594 Cr | 13.7 | 10.3% |
| Tata Steel Ltd | ₹2,38,623 Cr | 22.1 | 11.3% |
| Jindal Steel Ltd | ₹1,07,272 Cr | 31.9 | 9.2% |
| Steel Authority of India Ltd | ₹69,413 Cr | 20.6 | 7.8% |
| Jindal Stainless Ltd | ₹59,020 Cr | 18.2 | 17.4% |
| Sarda Energy & Minerals Ltd | ₹17,677 Cr | 16.0 | 16.8% |
| Vedanta Iron & Steel Ltd | ₹13,561 Cr | — | 252.9% |
| NMDC Steel Ltd | ₹12,701 Cr | 216.3 | 3.2% |
| Jai Balaji Industries Ltd | ₹6,061 Cr | 20.7 | 17.6% |
| Prakash Industries Ltd | ₹2,310 Cr | 6.9 | 9.1% |
| Mukand Ltd | ₹1,923 Cr | 3.2 | 20.5% |
| Mangalam Worldwide Ltd | ₹1,090 Cr | 21.8 | 16.4% |
| Manaksia Steels Ltd | ₹502 Cr | 12.6 | 14.7% |
| Scan Steels Ltd | ₹288 Cr | 13.1 | 6.7% |
| KIC Metaliks Ltd | ₹127 Cr | 119.6 | 4.2% |
| Aditya Ultra Steel Ltd | ₹66 Cr | 16.3 | 7.2% |
| Newmalayalam Steel Ltd | ₹42 Cr | 6.0 | 12.0% |
| Ankit Metal & Power Ltd | ₹21 Cr | — | -307.6% |
Other industries in Metals & Mining: Aluminium (15), Trading - Minerals (3), Zinc (2), Industrial Minerals (15), Diversified Metals (4), Copper (3), Sponge Iron (7), Trading - Metals (12), Ferro & Silica Manganese (12), Pig Iron (1) and Precious Metals (4).
Market capitalisation, P/E and ROCE are from Solomo's fundamentals snapshot dated 26 Aug 2026; the interactive table above re-prices market cap and P/E against live quotes during market hours, so intraday figures there will differ. Sector and industry labels follow the NSE and BSE classification, and any market-cap rank quoted above is taken across Solomo's full NSE and BSE universe. Reference data, not investment advice.