Top Steel companies in India by Return on Equity (ROE)

This ranking features the top 79 Steel companies in India ranked by Return on Equity (ROE), averaging a Return on Equity (ROE) of 20.34%, for January 15, 2025.

India

Steel

#	Name	Return on Equity (ROE)	Reported Date	Stock Price	Change	Country
1	Prakash Steelage Limited 1 PRAKASHSTL.NS	750.14%	March 31, 2024	USD 0.09	8.93%	India
2	Kridhan Infra Limited 2 KRIDHANINF.NS	58.85%	March 31, 2024	USD 0.07	-1.90%	India
3	Jai Balaji Industries Limited 3 JAIBALAJI.NS	58.48%	March 31, 2024	USD 9.71	4.09%	India
4	Steel Strips Wheels Limited 4 SSWL.NS	46.78%	March 31, 2024	USD 2.23	0.86%	India
5	Lloyds Metals and Energy Limited 5 LLOYDSME.NS	44.22%	March 31, 2024	USD 16.39	3.59%	India
6	Geekay Wires Limited 6 GEEKAYWIRE.NS	35.24%	March 31, 2024	USD 1.05	1.91%	India
7	Steelcast Limited 7 STEELCAS.NS	27.82%	March 31, 2024	USD 9.80	-0.36%	India
8	Gandhi Special Tubes Limited 8 GANDHITUBE.NS	24.95%	March 31, 2024	USD 8.24	0.01%	India
9	Pitti Engineering Limited 9 PITTIENG.NS	21.67%	March 31, 2024	USD 14.37	-0.09%	India
10	Kamdhenu Limited 10 KAMDHENU.NS	21.12%	March 31, 2024	USD 0.49	-1.13%	India
11	Godawari Power & Ispat Limited 11 GPIL.NS	20.80%	March 31, 2024	USD 2.14	2.19%	India
12	APL Apollo Tubes Limited 12 APLAPOLLO.NS	20.32%	March 31, 2024	USD 16.95	3.16%	India
13	Ratnamani Metals & Tubes Limited 13 RATNAMANI.NS	19.83%	March 31, 2024	USD 34.66	0.05%	India
14	Welspun Corp Limited 14 WELCORP.NS	19.77%	March 31, 2024	USD 8.45	1.70%	India
15	Jindal Stainless Limited 15 JSL.NS	18.90%	March 31, 2024	USD 7.23	3.29%	India
16	Indian Metals and Ferro Alloys Limited 16 IMFA.NS	18.61%	March 31, 2024	USD 10.45	4.72%	India
17	Usha Martin Limited 17 USHAMART.NS	17.82%	March 31, 2024	USD 4.09	3.59%	India
18	Bedmutha Industries Limited 18 BEDMUTHA.NS	17.39%	March 31, 2024	USD 2.32	1.40%	India
19	M M Forgings Limited 19 MMFL.NS	17.12%	March 31, 2024	USD 4.97	2.21%	India
20	Jindal Saw Limited 20 JINDALSAW.NS	16.62%	March 31, 2024	USD 2.83	2.04%	India
21	Maharashtra Seamless Limited 21 MAHSEAMLES.NS	16.60%	March 31, 2024	USD 7.44	2.81%	India
22	Surya Roshni Limited 22 SURYAROSNI.NS	15.19%	March 31, 2024	USD 3.24	20.16%	India
23	Kalyani Steels Limited 23 KSL.NS	14.81%	March 31, 2024	USD 11.25	3.72%	India
24	JTL Industries Limited 24 JTLIND.NS	14.59%	March 31, 2024	USD 1.18	5.65%	India
25	Bharat Wire Ropes Limited 25 BHARATWIRE.NS	14.56%	March 31, 2024	USD 2.19	1.76%	India
26	Electrosteel Castings Limited 26 ELECTCAST.NS	14.47%	March 31, 2024	USD 1.45	5.07%	India
27	Supreme Engineering Limited 27 SUPREMEENG.NS	14.32%	March 31, 2024	USD 0.03	0.89%	India
28	Manaksia Limited 28 MANAKSIA.NS	13.73%	March 31, 2024	USD 0.94	-0.42%	India
29	Sarda Energy & Minerals Limited 29 SARDAEN.NS	13.45%	March 31, 2024	USD 4.89	-1.57%	India
30	Jindal Steel & Power Limited 30 JINDALSTEL.NS	13.40%	March 31, 2024	USD 10.51	3.94%	India
31	Tirupati Forge Limited 31 TIRUPATIFL.NS	13.31%	March 31, 2024	USD 0.65	-1.87%	India
32	Vardhman Special Steels Limited 32 VSSL.NS	12.74%	March 31, 2024	USD 2.65	5.18%	India
33	Ramkrishna Forgings Limited 33 RKFORGE.NS	12.72%	March 31, 2024	USD 10.85	2.50%	India
34	Kritika Wires Limited 34 KRITIKA.NS	12.33%	March 31, 2024	USD 0.12	-1.60%	India
35	Ratnaveer Precision Engineering Limited 35 RATNAVEER.NS	12.32%	March 31, 2024	USD 1.94	3.31%	India
36	Hariom Pipe Industries Limited 36 HARIOMPIPE.NS	12.24%	March 31, 2024	USD 5.77	0.28%	India
37	Sarthak Metals Limited 37 SMLT.NS	11.91%	March 31, 2024	USD 1.75	0.57%	India
38	Salasar Techno Engineering Limited 38 SALASAR.NS	11.75%	March 31, 2024	USD 0.15	10.50%	India
39	Prakash Industries Limited 39 PRAKASH.NS	11.51%	March 31, 2024	USD 1.77	5.31%	India
40	Goodluck India Limited 40 GOODLUCK.NS	11.50%	March 31, 2024	USD 10.09	3.31%	India
41	JSW Steel Limited 41 JSWSTEEL.NS	11.35%	March 31, 2024	USD 10.47	2.67%	India
42	Pennar Industries Limited 42 PENIND.NS	11.22%	March 31, 2024	USD 2.04	3.21%	India
43	Mukand Limited 43 MUKANDLTD.NS	11.15%	March 31, 2024	USD 1.33	0.74%	India
44	Maithan Alloys Limited 44 MAITHANALL.NS	11.11%	March 31, 2024	USD 11.73	1.37%	India
45	Hisar Metal Industries Limited 45 HISARMETAL.NS	10.74%	March 31, 2024	USD 2.40	5.58%	India
46	Shyam Metalics and Energy Limited 46 SHYAMMETL.NS	10.73%	March 31, 2024	USD 8.67	-1.87%	India
47	Vibhor Steel Tubes Limited 47 VSTL.NS	9.97%	March 31, 2024	USD 2.33	2.99%	India
48	Ahlada Engineers Limited 48 AHLADA.NS	9.93%	March 31, 2024	USD 1.03	1.65%	India
49	Impex Ferro Tech Limited 49 IMPEXFERRO.NS	9.68%	March 31, 2024	USD 0.03	3.31%	India
50	Manaksia Steels Limited 50 MANAKSTEEL.NS	9.45%	March 31, 2024	USD 0.68	6.71%	India

1 2

Frequently Asked Questions

Which Steel company in India has the highest Return on Equity (ROE) ?

The Steel company in India with the highest Return on Equity (ROE) is Prakash Steelage Limited (NSE: PRAKASHSTL.NS) at 750.14%.
Which Steel company in India has the lowest Return on Equity (ROE) ?

The Steel company in India with the lowest Return on Equity (ROE) is Shah Alloys Limited (NSE: SHAHALLOYS.NS) at -165.84%.

What are the top 10 Steel companies in India by Return on Equity (ROE) ?

The top 10 Steel companies in India by Return on Equity (ROE) are Prakash Steelage Limited, Kridhan Infra Limited, Jai Balaji Industries Limited, Steel Strips Wheels Limited, Lloyds Metals and Energy Limited, Geekay Wires Limited, Steelcast Limited, Gandhi Special Tubes Limited, Pitti Engineering Limited and Kamdhenu Limited.
What are the bottom 10 Steel companies in India by Return on Equity (ROE) ?

The bottom 10 Steel companies in India by Return on Equity (ROE) are Shah Alloys Limited, NMDC Steel Limited, Tata Steel Limited, RHI Magnesita India Limited, Zenith Steel Pipes & Industries Limited, Shyam Century Ferrous Limited, S.A.L. Steel Limited, Ganga Forging Limited, Steel Exchange India Limited and MSP Steel & Power Limited.