Top Steel companies in India by Operating Income Margin

This ranking features the top 81 Steel companies in India ranked by Operating Income Margin, averaging a Operating Income Margin of 5.05%, for January 15, 2025.

India

Steel

#	Name	Operating Income Margin	Reported Date	Stock Price	Change	Country
1	Steelcast Limited 1 STEELCAS.NS	64.32%	March 31, 2024	USD 9.80	-0.36%	India
2	Gandhi Special Tubes Limited 2 GANDHITUBE.NS	55.63%	March 31, 2024	USD 8.24	0.01%	India
3	HEG Limited 3 HEG.NS	47.86%	March 31, 2024	USD 4.95	1.19%	India
4	Mishra Dhatu Nigam Limited 4 MIDHANI.NS	43.72%	March 31, 2024	USD 3.60	3.48%	India
5	Electrosteel Castings Limited 5 ELECTCAST.NS	41.98%	March 31, 2024	USD 1.45	5.07%	India
6	Godawari Power & Ispat Limited 6 GPIL.NS	41.13%	March 31, 2024	USD 2.14	2.19%	India
7	Ramkrishna Forgings Limited 7 RKFORGE.NS	36.93%	March 31, 2024	USD 10.85	2.50%	India
8	Indian Metals and Ferro Alloys Limited 8 IMFA.NS	36.61%	March 31, 2024	USD 10.45	4.72%	India
9	Usha Martin Limited 9 USHAMART.NS	35.64%	March 31, 2024	USD 4.09	3.59%	India
10	Steel Authority of India Limited 10 SAIL.NS	34.86%	March 31, 2024	USD 1.22	5.94%	India
11	HLE Glascoat Limited 11 HLEGLAS.NS	34.63%	March 31, 2024	USD 3.82	0.74%	India
12	Jindal Saw Limited 12 JINDALSAW.NS	34.18%	March 31, 2024	USD 2.83	2.04%	India
13	Maharashtra Seamless Limited 13 MAHSEAMLES.NS	33.29%	March 31, 2024	USD 7.44	2.81%	India
14	Jai Balaji Industries Limited 14 JAIBALAJI.NS	31.56%	March 31, 2024	USD 9.71	4.09%	India
15	Vardhman Special Steels Limited 15 VSSL.NS	31.06%	March 31, 2024	USD 2.65	5.18%	India
16	Ratnamani Metals & Tubes Limited 16 RATNAMANI.NS	28.62%	March 31, 2024	USD 34.66	0.05%	India
17	Steel Strips Wheels Limited 17 SSWL.NS	26.03%	March 31, 2024	USD 2.23	0.86%	India
18	Lloyds Metals and Energy Limited 18 LLOYDSME.NS	25.80%	March 31, 2024	USD 16.39	3.59%	India
19	Welspun Corp Limited 19 WELCORP.NS	24.03%	March 31, 2024	USD 8.45	1.70%	India
20	Manaksia Limited 20 MANAKSIA.NS	23.30%	March 31, 2024	USD 0.94	-0.42%	India
21	Bharat Wire Ropes Limited 21 BHARATWIRE.NS	22.97%	March 31, 2024	USD 2.19	1.76%	India
22	Pitti Engineering Limited 22 PITTIENG.NS	22.95%	March 31, 2024	USD 14.37	-0.09%	India
23	Kalyani Steels Limited 23 KSL.NS	22.71%	March 31, 2024	USD 11.25	3.72%	India
24	Prakash Industries Limited 24 PRAKASH.NS	20.75%	March 31, 2024	USD 1.77	5.31%	India
25	Kamdhenu Limited 25 KAMDHENU.NS	18.93%	March 31, 2024	USD 0.49	-1.13%	India
26	Manaksia Coated Metals & Industries Limited 26 MANAKCOAT.NS	17.87%	March 31, 2024	USD 1.23	-1.37%	India
27	Ashoka Metcast Limited 27 ASHOKAMET.NS	17.62%	March 31, 2024	USD 0.23	0.55%	India
28	Hilton Metal Forging Limited 28 HILTON.NS	17.34%	March 31, 2024	USD 1.07	1.22%	India
29	Mahamaya Steel Industries Limited 29 MAHASTEEL.NS	16.08%	March 31, 2024	USD 2.19	0.23%	India
30	Surya Roshni Limited 30 SURYAROSNI.NS	15.94%	March 31, 2024	USD 3.24	20.16%	India
31	Sarda Energy & Minerals Limited 31 SARDAEN.NS	15.60%	March 31, 2024	USD 4.89	-1.57%	India
32	Maithan Alloys Limited 32 MAITHANALL.NS	15.57%	March 31, 2024	USD 11.73	1.37%	India
33	Sunflag Iron and Steel Company Limited 33 SUNFLAG.NS	15.48%	March 31, 2024	USD 3.28	3.44%	India
34	MSP Steel & Power Limited 34 MSPL.NS	15.26%	March 31, 2024	USD 0.44	5.14%	India
35	Jindal Steel & Power Limited 35 JINDALSTEL.NS	14.75%	March 31, 2024	USD 10.51	3.94%	India
36	M M Forgings Limited 36 MMFL.NS	13.44%	March 31, 2024	USD 4.97	2.21%	India
37	Jayaswal Neco Industries Limited 37 JAYNECOIND.NS	13.03%	March 31, 2024	USD 0.45	2.25%	India
38	Hariom Pipe Industries Limited 38 HARIOMPIPE.NS	12.87%	March 31, 2024	USD 5.77	0.28%	India
39	Ratnaveer Precision Engineering Limited 39 RATNAVEER.NS	12.51%	March 31, 2024	USD 1.94	3.31%	India
40	Bedmutha Industries Limited 40 BEDMUTHA.NS	12.33%	March 31, 2024	USD 2.32	1.40%	India
41	Geekay Wires Limited 41 GEEKAYWIRE.NS	12.11%	March 31, 2024	USD 1.05	1.91%	India
42	JSW Steel Limited 42 JSWSTEEL.NS	11.88%	March 31, 2024	USD 10.47	2.67%	India
43	Sarthak Metals Limited 43 SMLT.NS	11.65%	March 31, 2024	USD 1.75	0.57%	India
44	JTL Industries Limited 44 JTLIND.NS	10.81%	March 31, 2024	USD 1.18	5.65%	India
45	Prakash Steelage Limited 45 PRAKASHSTL.NS	10.50%	March 31, 2024	USD 0.09	8.93%	India
46	RHI Magnesita India Limited 46 RHIM.NS	10.34%	March 31, 2024	USD 5.57	-0.50%	India
47	Kirloskar Ferrous Industries Limited 47 KIRLFER.BO	10.00%	March 31, 2024	USD 6.86	-1.99%	India
48	Ahlada Engineers Limited 48 AHLADA.NS	9.49%	March 31, 2024	USD 1.03	1.65%	India
49	Jindal Stainless Limited 49 JSL.NS	9.47%	March 31, 2024	USD 7.23	3.29%	India
50	Tirupati Forge Limited 50 TIRUPATIFL.NS	9.46%	March 31, 2024	USD 0.65	-1.87%	India

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Frequently Asked Questions

Which Steel company in India has the highest Operating Income Margin ?

The Steel company in India with the highest Operating Income Margin is Steelcast Limited (NSE: STEELCAS.NS) at 64.32%.
Which Steel company in India has the lowest Operating Income Margin ?

The Steel company in India with the lowest Operating Income Margin is Grand Foundry Limited (NSE: GFSTEELS.NS) at -622.74%.

What are the top 10 Steel companies in India by Operating Income Margin ?

The top 10 Steel companies in India by Operating Income Margin are Steelcast Limited, Gandhi Special Tubes Limited, HEG Limited, Mishra Dhatu Nigam Limited, Electrosteel Castings Limited, Godawari Power & Ispat Limited, Ramkrishna Forgings Limited, Indian Metals and Ferro Alloys Limited, Usha Martin Limited and Steel Authority of India Limited.
What are the bottom 10 Steel companies in India by Operating Income Margin ?

The bottom 10 Steel companies in India by Operating Income Margin are Grand Foundry Limited, Impex Ferro Tech Limited, NMDC Steel Limited, Supreme Engineering Limited, Kridhan Infra Limited, VISA Steel Limited, Shah Alloys Limited, Shyam Century Ferrous Limited, Zenith Steel Pipes & Industries Limited and Tata Steel Limited.