Steel stocks with low PE ratios can indicate potential undervaluation, offering attractive opportunities for investors. A low PE suggests strong earnings relative to price, making these stocks worth tracking for those seeking value investments in the steel sector.
Monitoring such stocks helps investors identify companies with solid fundamentals and growth potential. Factors like global demand, raw material costs, and industry trends play crucial roles in assessing these stocks, ensuring informed decision-making for long-term portfolio gains.
Welspun Corp
On March 21, 2025, Welspun Corp Ltd opened at ₹884.95, up 1.55% from its previous close of ₹871.55. The stock reached a high of ₹892.25 (2.37%) and a low of ₹874.40. By 4:01 PM, it traded at ₹879.55, a 0.92% increase, with a market cap of ₹23,074.94 crore.
Welspun Corp has a PE ratio of 15.46, lower than the industry average of 17.41. This suggests potential undervaluation, making it an interesting stock for investors seeking opportunities in the steel sector based on earnings performance.
Welspun Corp Ltd (NSE: WELCORP) is a global leader in manufacturing large-diameter pipes. It also produces steel billets, TMT rebars, DI pipes, stainless steel pipes, and plastic products, with strategic acquisitions to expand its portfolio.
Jindal Saw
On March 21, 2025, Jindal Saw Ltd opened at ₹285.95, up 0.83% from its previous close of ₹283.60. The stock reached a high of ₹285.95 and a low of ₹272.55. By 4:01 PM, it traded at ₹274.55, down 3.19%, with a market cap of ₹17,557.70 crore.
Jindal Saw’s PE ratio stands at 9.79, significantly lower than the industry average of 17.41, indicating potential undervaluation compared to its peers. This could present an attractive investment opportunity for value investors.
Jindal Saw Ltd (NSE: JINDALSAW) is a leader in manufacturing large-diameter SAW pipes, DI pipes, and seamless pipes. It also produces pellets and offers a range of steel products for industries like oil, gas, automotive, and power.
Kalyani Steels
On March 21, 2025, Kalyani Steels Ltd opened at ₹800.00, up 0.03% from its previous close of ₹799.80. The stock reached a high of ₹818.95 (2.39%) and a low of ₹793.25. By 4:01 PM, it traded at ₹805.00, a 0.65% increase, with a market cap of ₹3,514.07 crore.
Kalyani Steels has a PE ratio of 14.83, lower than the industry average of 23.99, suggesting it might be undervalued compared to its peers, potentially making it an appealing option for value-driven investors.
Kalyani Steels Ltd (NSE: KSL), part of the Kalyani Group, specializes in manufacturing and selling iron and steel products. Its portfolio includes components for the automotive industry, seamless tubes, and rolled bars for engineering applications.
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.
