Iron & Steel Stocks Below 200

The table below shows the Iron & Steel Stocks Below 200 based on the Highest Market Capitalization.

Content: 

• What are Iron & Steel Stocks?
• Best Iron & Steel Stocks In India Below 200
• Top Iron & Steel Stocks Below 200
• List Of Best Iron & Steel Stocks In India Below 200
• Top Iron & Steel Stocks in India Below 200
• Who Should Invest In Iron & Steel Stocks Below 200?
• How To Invest In The Iron & Steel Stocks Below 200?
• Performance Metrics Of Iron & Steel Stocks Below 200
• Benefits Of Investing In Iron & Steel Stocks Below 200
• Challenges Of Investing In Iron & Steel Stocks Below 200
• Introduction to Iron & Steel Stocks below 200
• Top Iron & Steel Stocks below 200 – FAQs

What are Iron & Steel Stocks?

Iron & steel stocks refer to shares of companies involved in the production, manufacturing, processing, and distribution of iron and steel products. These companies typically operate in various segments of the iron and steel industry, including mining, refining, smelting, and fabrication. Examples include steel producers, mining companies, and steel service centers.

Best Iron & Steel Stocks In India Below 200

The table below shows the Best Iron & Steel Stocks In India Below 200 based on 1 Year Return. 

Top Iron & Steel Stocks Below 200

The table below shows the Top Iron & Steel Stocks Below 200 based on the highest day Volume.

List Of Best Iron & Steel Stocks In India Below 200

The table below shows a List Of The Best Iron & Steel Stocks In India Below 200 based on the PE Ratio. 

Top Iron & Steel Stocks in India Below 200

The table below shows Top Iron & Steel Stocks in India Below 200 based on the 6-month return. 

Who Should Invest In Iron & Steel Stocks Below 200?

Investing in iron & steel stocks below Rs. 200 may be suitable for investors seeking exposure to the industrial sector and believe in the growth potential of the iron and steel industry. It could appeal to those looking for value investments or diversification within their portfolio. However, investors should have a high risk tolerance and conduct thorough research before considering such investments.

How To Invest In The Iron & Steel Stocks Below 200?

To invest in iron and steel stocks priced below Rs 200, research the industry and specific companies to understand their financial health and market position. Use an online brokerage account to facilitate purchases. Diversify your investments to mitigate risk, closely monitor market trends, and prepare for volatility. Consider consulting a financial advisor to tailor investments to your financial goals and risk tolerance.

Performance Metrics Of Iron & Steel Stocks Below 200

When evaluating the performance of iron and steel stocks priced below Rs 200, consider several key metrics to assess their potential value and risk. Here are some important performance metrics:

• Price-to-Earnings Ratio (P/E): This ratio helps determine if the stock is overvalued or undervalued relative to its earnings. A lower P/E might indicate a potentially undervalued stock, but context is essential, especially in cyclical industries like steel.
• Debt-to-Equity Ratio: Given the capital-intensive nature of the steel industry, this ratio is crucial for understanding financial stability. A high debt-to-equity ratio could indicate higher risk, especially if earnings are volatile.
• Earnings Per Share (EPS): This indicates the company’s profitability on a per-share basis and is critical for assessing its financial health. Increasing EPS over time can suggest growth while declining EPS might raise red flags.
• Dividend Yield: If the company pays dividends, the yield can provide an income stream. This is particularly appealing in more stable, lower-priced stocks, offering a return even if stock price growth is limited.
• Return on Equity (ROE): This measures how effectively management is using a company’s assets to create profits. A high ROE indicates efficiency and profitability.
• Revenue Growth: For stocks in industries like steel, where market conditions can rapidly change, looking at revenue growth can provide insight into how well the company is managing external challenges and opportunities.

Benefits Of Investing In Iron & Steel Stocks Below 200

Investing in iron & steel stocks below Rs. 200 offers several benefits:

1. Affordability: Lower stock prices allow investors to purchase more shares with less capital, enabling broader diversification within their portfolio.
2. Potential for Capital Appreciation: If the company performs well, stocks priced below Rs. 200 have room for significant price appreciation, potentially leading to attractive returns.
3. Value Investing Opportunities: Stocks below Rs. 200 may be undervalued, presenting opportunities for value investors to buy stocks at a discount to their intrinsic value.
4. Dividend Income: Some iron & steel companies pay dividends, providing a source of income for investors.
5. Diversification: Adding iron & steel stocks to a portfolio can diversify risk and provide exposure to the industrial sector, balancing the overall portfolio risk.
6. Infrastructure Growth: Investments in iron & steel companies may benefit from increased infrastructure spending and construction projects.

Challenges Of Investing In Iron & Steel Stocks Below 200

Investing in iron & steel stocks below Rs. 200 presents several challenges:

1. Volatility: Stocks in this price range can be volatile due to market fluctuations, economic conditions, and industry-specific factors, leading to potential price swings and increased risk.
2. Cyclical Nature: The iron & steel industry is cyclical, meaning stock prices may be influenced by fluctuations in demand, raw material costs, and economic cycles, posing challenges for investors to time their investments.
3. Industry Risks: The iron & steel industry faces various risks, including competition, regulatory changes, technological advancements, and environmental concerns, which can impact stock performance and investor returns.
4. Financial Health: Some companies with stocks below Rs. 200 may have weaker financials, including high debt levels, poor profitability, or governance issues, increasing investment risk.
5. Liquidity Concerns: Stocks with lower prices may have lower trading volumes, leading to liquidity challenges, such as wider bid-ask spreads and difficulty in buying or selling large quantities without affecting the stock price.
6. Limited Upside Potential: Stocks priced below Rs. 200 may have limited upside potential compared to higher-priced stocks, potentially limiting capital appreciation opportunities for investors.

Introduction to Iron & Steel Stocks below 200

Iron & Steel Stocks Below 200 – Highest Market Capitalization

Tata Steel Ltd

The Market Cap of Tata Steel Ltd is Rs. 206976.95 crore. The stock’s monthly return is 10.95%. Its one-year return is 55.17%. The stock is 2.96% away from its 52-week high.

Tata Steel Limited is an Indian global steel company with an annual crude steel capacity of around 35 million tons. 

The company’s main focus is on manufacturing and distributing steel products worldwide. Tata Steel and its subsidiaries cover various aspects of the steel production process, from mining and refining iron ore and coal to distributing finished goods. Their product range includes various types of steel, such as cold-rolled BP sheets, Galvano, HR commercial, hot-rolled pickled and oiled, and high-tensile steel strapping, among others. The company’s branded products include MagiZinc, Ymagine, Ympress, Contiflo, and several others.

Steel Authority of India Ltd

The Market Cap for Steel Authority of India Ltd is ‚Çπ64,334.36 crore. The monthly return is 28.07%. The 1-year return is 83.54%. The stock is 4.20% away from its 52-week high.

Steel Authority of India Limited, an India-based company, primarily operates in the steel manufacturing sector. The company manufactures and sells iron and steel products through its business segments, which include five integrated steel plants and three alloy steel plants. 

These steel plants are located in various regions of India, such as Bhilai, Durgapur, Rourkela, Bokaro, IISCO, Alloy Steels, Salem, Visvesvaraya Iron and Steel, and Chandrapur Ferro Alloy. The range of products offered by the company includes blooms, billets, joists, narrow slabs, channels, angles, wheels and axles, pig iron, coal chemicals, cold rolled stainless steel, hot rolled carbon and stainless steel products, micro-alloyed carbon steel wire rods, bars, rebars, CR coils, sheets, GC sheets, galvannealed steel, HRPO, and coal chemicals.

ISMT Ltd

The Market Cap of ISMT Ltd is Cr 2893.83. The stock’s monthly return is 4.72%. The stock’s annual return is 36.21%. The stock is 16.56% away from its 52-week high.

ISMT Limited, an Indian company, specializes in producing seamless tubes and engineering steels. The company offers a range of products and services, including steel, tubes, international piping products (IPP), and ISMT 360. It manufactures carbon, alloy, and martensitic stainless steel bars, focusing on ultra-clean steels, free machining steels, bearing steels, and other specialized steel grades. 

ISMT produces hot-finished and cold-finished seamless tubes in sizes ranging from 6-273mm in outside diameter. These tubes are utilized in various applications such as auto-component manufacturing, bearing races, drill rods, boilers, and more. 

Best Iron & Steel Stocks In India Below 200 – 1 Year Return

Prakash Industries Ltd

The Market Cap of Prakash Industries Ltd is Rs  3130.35 crores. The stock had a monthly return of 15.46% and a one-year return of 233.27%. The stock is 27.92% away from its 52-week high.

Prakash Industries Limited, an India-based company, is primarily involved in the manufacturing and sales of steel products, power generation, as well as iron ore and coal mining. 

The company extracts iron ore from the Sirkaguttu Mine in the Keonjhar district of Odisha and operates the Bhskarpara Coal Mine in Chhattisgarh. Its product line includes sponge iron, ferro alloys, steel blooms and billets, TMT Bars, Wire Rods, and HB Wires. Prakash Industries Limited maintains a captive power plant at its Integrated Steel Plant, utilizing Waste Heat Recovery Boilers and Fluidized Bed Boilers to meet power requirements. 

Geekay Wires Ltd

The Market Cap of Geekay Wires Ltd is Rs. 562.32 crores. The stock’s monthly return is 3.96%. Its one-year return is 209.30%. The stock is 18.45% away from its 52-week high.

Geekay Wires Limited, an India-based company, specializes in manufacturing various products such as galvanized steel wires, collated nails, bulk nails, stainless steel fasteners, and other specialty items. Its specialty products include tie wire, hanger wire, masonry nails, flooring cut nails, and machine-quality pallet nails. 

Additionally, the company produces steel wire products like Galvanized Wire, stay wire, binding wire, black annealed wire, and spring wire for a wide range of applications in industrial, power transmission, cable and conductor, commercial construction, automotive, marine and mine industries, as well as wind and solar power energy and agriculture.  

Pennar Industries Ltd

The market cap of Pennar Industries Ltd is Rs 1766.45 crore. The monthly return is 4.20%. The one-year return is 72.92%. The stock is 24.83% away from its 52-week high.

Pennar Industries Limited is an engineering firm specializing in the production of cold-rolled steel strips, precision tubes, cold-rolled formed sections, electrostatic precipitators, and profiles. The company operates in two main segments: diversified engineering and custom-designed building solutions and auxiliaries. 

In addition to its core offerings, Pennar also manufactures railway wagons and coach components, press steel components, hydraulics, road safety systems, galvanized products, and solar panels. The company provides various services such as structural engineering, building information modeling (BIM), plant-product engineering, industrial automation, IOT solutions, and other value-added services. Pennar caters to various industries including building and infrastructure, oil and gas, automotive value engineering, heavy engineering, rail transportation, among others.  

Top Iron & Steel Stocks Below 200 – Highest Day Volume

Aeroflex Industries Ltd

The Market Cap of Aeroflex Industries Ltd is Rs. 2013.52 crores. The stock’s monthly return is 14.53%. Its one-year return is -5.88%. The stock is 27.79% away from its 52-week high.

Aeroflex Industries Limited is an Indian company that specializes in manufacturing stainless steel metallic flexible flow solutions. The company produces and supplies a wide range of metallic flexible flow products globally and domestically, including stainless steel hoses with and without braiding. These products use stainless steel grades such as AISI 304, 321, 316, and 316L. 

The company offers products such as Corrugated Stainless Steel Hoses, Double Interlock Flexible Metal Hoses, Composite Hose, Stainless Steel Hose Assemblies, and PTFE Hose. These products are used in various industries, such as aerospace, defense, semiconductors, robotics, electric mobility, hydrogen, natural gas, petrochemicals, oil refineries, and more.

Nelcast Ltd

The Market Cap of Nelcast Ltd is Rs. 1375.92 crore. The stock’s monthly return is 11.49%. Its one-year return is 61.93%. The stock is 18.80% away from its 52-week high.

Nelcast Limited is an iron castings manufacturer based in India. The company specializes in producing ductile and grey iron castings in India and operates in North America, Europe, and Southeast Asia. It serves a prestigious customer base consisting of original equipment manufacturers (OEMs) and tier-1 clients in the commercial vehicle, tractor, off-highway equipment, railways, and passenger vehicle sectors. 

With a total installed production capacity of around 160,000 metric tons per year, Nelcast Limited offers a range of products including commercial components, tractor and farm equipment parts, off-highway and military components, railway components, SUV and car parts, and powertrain components. The company operates three factories located in Ponneri, Tamil Nadu, Gudur, and Pedapariya in Andhra Pradesh, where it manufactures various casting components.

Mukand Ltd

The Market Cap of Mukand Ltd is Rs 2475.21 crore. The stock has a monthly return of 9.73% and a one-year return of 26.98%. It is currently 24.23% away from its 52-week high.

Mukand Limited, an India-based company, specializes in the manufacturing of special alloy steel and stainless steel products such as billets, bars, rods, and wire rods. It also provides EOT cranes, material handling equipment, and other industrial machinery, as well as comprehensive engineering services and construction/erection capabilities. 

The company is divided into three main segments: specialty steel, industrial machinery, engineering contracts, and others. The Specialty Steel segment focuses on products like billets, rounds, bars, and wires made from special and alloy steel and stainless steel. The Industrial Machinery and Engineering Contracts segment includes products like EOT cranes, steel structures, and material handling equipment. 

List Of Best Iron & Steel Stocks In India Below 200 – PE Ratio

Mahamaya Steel Industries Ltd

The Market Cap of Mahamaya Steel Industries Ltd is Rs. 180.78 crore. The stock’s monthly return is 7.37%. Its one-year return is 47.04%. The stock is 33.56% away from its 52-week high.

Mahamaya Steel Industries Limited is an Indian company that operates in the steel structural industry. The company provides various products, including angle, I-beam, joist, H-beam, channel, round, flat, railway sleepers, square, billet, and bloom. 

It operates high-capacity structural rolling mills and produces joists of about 600 millimeters (mm) and angles of 250 mm. These products are essential for infrastructure projects like railways, power plants, dams, and bridges. The company operates a heavy steel structural mill, a melting shop, and a gas plant in Raipur, Chhattisgarh.  

Top Iron & Steel Stocks in India Below 200 – 6 Month Return

Mangalam Worldwide Ltd

The Market Cap of Mangalam Worldwide Ltd is Rs. 446.69 crore. The stock’s monthly return is 28.54%. Its one-year return is 17.29%. The stock is 8.94% away from its 52-week high.

Mangalam Worldwide Limited is a company based in India that specializes in the manufacturing of stainless steel products. The company produces SS billets and flat bars with advanced facilities, including steel melting shops, rolling mills, and finishing machines located at its Halol (Unit-I) and Changodar (Unit-II) in Gujarat. 

Additionally, they offer SS billet manufacturing services on a job-work basis. Furthermore, the company trades in steel scrap, ferroalloys, and other related products. Their stainless steel range includes 200, 300 (specifically series 304 and 316), and 400 series, comprising Austenitic, Ferritic, Martensitic, and unique composition grades like 17/4 PH, Duplex, and Super Duplex Steel. These products cater to industries like food and dairy equipment, utensils, oil and gas, aerospace, and medical devices.  

Simplex Castings Ltd

The Market Cap of Simplex Castings Ltd is Rs. 135.49 crore. The stock’s monthly return is 23.76%. Its one-year return is 381.75%. The stock is 3.53% away from its 52-week high.

Simplex Castings Limited, an India-based company, specializes in the manufacturing of spheroidal graphite (SG) iron, steel, special alloy castings, cast iron (C.I.) castings, and equipment. The company offers various services, including engineering components manufacturing, casting, forging, fabrication, machining, assembly, equipment building, in-house testing, EPC division, and design services.

Its product line includes bed plate/surface plate and machine tools, sinter, and pallet car in cast steel and ductile iron, components for cement and crushing plants, oilfield equipment for the hydrocarbon industry, earthmoving equipment parts, steel plant equipment, heavy castings, and fabricated components for the power sector, sugar plant products, coke oven doors and assemblies, railway products, and ingot molds.  

National Fittings Ltd

The market cap of National Fittings Ltd is Rs. 119.67 crore. The stock’s monthly return is 17.76%. Its one-year return is 58.12%. The stock is 42.67% away from its 52-week high.

National Fittings Limited, an India-based export company, specializes in producing piping components for a wide range of industries. Their product line includes spheroidal graphite (SG) iron grooved and screwed pipe fittings, stainless pipe fittings, and ball valves designed for both industrial and non-industrial applications. 

The grooved pipe fittings are made from ductile iron and stainless steel, featuring products such as Rigid Coupling Style 5, Flexible Coupling Style 11, Mechanical Branchlets Style 13, Concentric Reducer Style 140, Rigid Coupling Style 05S, and Flexible Coupling Style 12S. 

Top Iron & Steel Stocks below 200 – FAQs

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.