Steel stocks refer to shares of companies engaged in producing and distributing steel. Stocks with low Price-to-Earnings (PE) ratios may be undervalued, presenting opportunities for investors seeking growth at a lower price.
In this article, we will explore Steel Stocks with low PE ratios.
Below is the list of Steel Stocks with Low PE Ratio:
| Stock Name | Market Cap (In Cr) | Close Price ₹ | Open Price ₹ | PE Ratio |
| Welspun Corp Ltd | 22,614.52 | 871.9 | 875.25 | 27.27 |
| Jindal Saw Ltd | 17,230.91 | 272.66 | 272.66 | 9.52 |
| Kalyani Steels Ltd | 3,328.11 | 771.6 | 771.6 | 14.08 |
Discover undervalued Steel Stocks to unlock investment opportunities now!
Steel Stocks
Steel stocks with low PE ratios can offer value investing opportunities. A low PE ratio suggests that the stock may be priced below its actual value, presenting a potential for upward movement as market conditions improve.
Interested in Steel Stocks? Check out the Best Steel Stocks today!
Welspun Corp Ltd
Welspun Corp Ltd is a leading manufacturer of welded line pipes, catering to the oil and gas, water, and infrastructure sectors globally. The company is known for its advanced manufacturing facilities, strong quality standards, and innovative product offerings, making it a key player in the global pipe industry.
Welspun Corp holds a PE ratio of 15.46, below the industry average of 17.41, suggesting that the stock may be undervalued. This presents an opportunity for investors seeking attractive valuations in the steel sector.
Jindal Saw Ltd
Jindal Saw Ltd is a leading manufacturer of steel pipes and tubes, serving the oil, gas, water, and infrastructure industries. The company’s product portfolio includes large-diameter pipes and seamless tubes, supported by integrated production facilities and a focus on quality and technological innovation.
Jindal Saw has a PE ratio of 9.79, well below the industry average of 17.41, indicating potential undervaluation. This could create an appealing opportunity for value investors looking for promising stocks in the steel industry.
Kalyani Steels Ltd
Kalyani Steels Ltd is a prominent manufacturer of specialty steels used in the automotive, engineering, and energy sectors. The company’s product range includes carbon and alloy steels, catering to critical applications. Its strong production capabilities and focus on quality have established it as a trusted industry player.
Kalyani Steels trades at a PE ratio of 14.83, lower than the industry average of 23.99. This undervaluation suggests it could be a strong option for value-focused investors seeking opportunities in the steel sector.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time.
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