new Delhi. Due to the Russia-Ukraine War, there has been a huge increase in steel prices all over the world including India. These circumstances are also providing an opportunity for steel companies of India to export steel to European countries and Middle East. Experts say that this is the right opportunity for steel companies to increase their profits as the export price is much higher than the domestic steel rate.
Talking about the major steel companies of the country, the performance of these companies has been good in the last few years. Market experts believe that due to increase in global steel prices, the shares of Indian steel companies may see a further jump. Come, know which companies’ stocks can give good profits-
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Tata Steel is a big name in the steel business. It is present everywhere from the mining of iron ore to the distribution of steel. The company supplies steel and steel products in sectors such as automobile, construction, agriculture, industrial and general engineering. Tata Steel exports steel to more than 50 countries. The company’s revenue has grown at a compound annual growth rate of 7.2 per cent in the last five years. The company’s profit has also grown at a compound annual growth rate of 13.5 per cent during this period. Market analysts are now saying that the company will benefit more in the current circumstances, so Tata Steel shares can give profits.
JSW Steel is the largest steel producing company of the country. The company distributes Finished Steel and other value added products. Over the years, the company has acquired several iron ore mines. JSW Steel has a total manufacturing capacity of 28 MT in India and the US. The company aims to do 45 MT by 2030. The company is adding new areas to its portfolio. It exports its products to about 100 countries. JSW’s revenue has grown at the rate of 9.6 per cent. At the same time, the profit of the company has also increased at the rate of 17.9 percent. Market experts believe that the company will benefit from the increased steel prices globally and its shares (JSW Steel Share) will rise.
Jindal Steel and Power
Jindal Steel & Power is engaged in the work of steel and power construction and mining. Jindal Steel is going to increase its steel capacity to 15.9 MT by 2025. For this the company will invest 180 billion. The company exports its products to 22 countries. Jindal Ste’s revenue has grown at a CAGR of 17.4 per cent in the last five years. In the last quarter, the company’s revenue has grown at the rate of 30 percent year-on-year. Now due to the increase in steel prices, there is every possibility of a jump in the shares of the company (Jindal Steel & Power Shares).
steel authority of india
Steel Authority of India Limited (SAIL) is a large government steel company. The government’s stake in this is 65 percent. It manufactures from mining to finished steel and value added products. SAIL currently exports its products to 30 countries. SAIL’s revenue has grown at a CAJR of 12 per cent in the last five years and its profits have also grown at a CAGR of 4.5 per cent. The last five companies have given Davidant twice.
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APL Apollo Tubes
APL Apollo Tubes is a big name in steel tubes manufacturing. The company has 10 manufacturing factories in India. APL holds a 50% market share in the Apollo Steel Construction Pipes market. The company’s revenue CAGR has grown at the rate of 19.7 percent in the last five years. Not only this, the net profit has also grown at a CAGR of 21.8 percent during this period. The company has not paid dividend in the last two years. The company’s revenue grew by 24.1 percent on an annual basis in the December quarter. Analysts believe that APL Apollo Tubes Share can give investors good profits in the future.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP is not responsible for any profit or loss caused by you. Will happen.)
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