Steel Penny Stocks in India – Full List for 2025!

Dear friends, steel is an essential commodity required for development in almost every sector. The infrastructure sector, in particular, has a huge demand for steel. This makes it a sector with a consistently high demand.

Therefore, in this article titled “Steel Penny Stocks In India Full List for 2025,” we have provided you with a list of some steel penny stocks.

If these companies perform well in the future, they have the potential to offer good returns. Explore a comprehensive list of steel penny stocks in India for 2025.

Learn about key companies, their market performance, and investment potential. Get expert insights and make informed decisions before investing in penny stocks.

The steel industry plays a crucial role in the development of various sectors, especially infrastructure, where demand for steel is consistently high.

With the growing need for infrastructure, steel stocks present an opportunity for investors, but investing in penny stocks in this sector can be a high-risk, high-reward venture.

Below, we’ve compiled a list of steel penny stocks in India, offering insights into their potential for growth and profitability.

What Are Penny Stocks?

Penny stocks are shares that trade at a relatively low price, typically under ₹100. While they offer substantial upside potential, they are also prone to high volatility and risk.

Therefore, before investing, it’s essential to perform a fundamental analysis of the companies to understand their business models, debt levels, profitability, and future prospects.

Steel Penny Stocks in India – Full List

Here’s a list of steel penny stocks in India that have shown promise. We’ve included key details that may help you evaluate their fundamentals before investing.

1) Visa Steel Limited

• Founded: 1996
• Sector: Ferrochrome production
• Market Cap: ₹245.47 Crores
• Stock Price: ₹21 (as of writing)

Key Highlights:

• The company produces high-carbon ferrochrome and has a capacity of 125,000 TPA in Odisha.
• Reduced debt levels, with a decent interest coverage ratio.
• ROCE (Return on Capital Employed): 7.45%
• Face Value: ₹10
• The stock does not pay a dividend.

2) Unison Metals Limited

• Founded: 1990
• Sector: Stainless steel and ceramic business
• Market Cap: ₹39.70 Crores
• Stock Price: ₹24 (as of writing)

Key Highlights:

• The company manufactures steel coils and strips used in various industries.
• Profit-generating, but does not offer dividends.
• ROCE: 10.1%, ROE: 6.28%
• Face Value: ₹10
• PE ratio: 55.1
• Shareholding by promoters has decreased by 6.77% in the last three years.

3) Vaswani Industries Limited

• Founded: 2003
• Sector: Steel, energy, and real estate
• Market Cap: ₹113.70 Crores
• Stock Price: ₹37 (as of writing)

Key Highlights:

• Located in Chhattisgarh, the company offers a variety of steel products and energy solutions.
• ROCE: 12.5%, ROE: 5.49%
• PE Ratio: 19.46
• Does not pay a dividend to investors.
• Sales have grown by 10.4% over the past five years.

4) Shree Steel Wire Ropes Limited

• Founded: 1972
• Sector: Wire ropes, rods, and railway products
• Market Cap: ₹14.07 Crores
• Stock Price: ₹42 (as of writing)

Key Highlights:

• Focuses on wire ropes used in various industries, including oil, gas, and elevators.
• Debt-free status as of now.
• ROCE: 8.14%, ROE: 5.88%
• Does not offer dividends.
• Interest coverage ratio is lower than ideal.

5) Rathi Bars Limited

• Founded: 1993
• Sector: Steel bars and billets
• Market Cap: ₹77.98 Crores
• Stock Price: ₹47.75 (as of writing)

Key Highlights:

• Focuses on manufacturing steel bars and carbon billets.
• Revenue has grown significantly (113.96% year-over-year).
• ROCE: 5.52%, ROE: 2.90%
• The company does not pay dividends.

6) Jayaswal Neco Industries Limited

• Founded: 1976
• Sector: Steel casting, billets, and rolled products
• Market Cap: ₹5.51 TCr
• Stock Price: ₹56.70 (as of writing)

Key Highlights:

• Revenue of ₹1.5 TCr in 2023 (down by 9.6% YoY).
• ROCE: 9.56%, ROE: 14%
• Has shown a 20.6% CAGR in profit over the past five years.
• The stock does not pay dividends.

7) Remi Edelstahl Tubulars Limited

• Founded: 1970
• Sector: Steel pipes and tubes
• Market Cap: ₹76.32 Crores
• Stock Price: ₹69.49 (as of writing)

Key Highlights:

• Specializes in manufacturing steel pipes and tubes.
• Revenue for 2023 was ₹27.26 Crores, down by 22% YoY.
• PE Ratio: 419.12 (highly overvalued).
• Does not pay dividends.

8) Metal Coatings (India) Limited

• Founded: 1994
• Sector: Steel coils and strips
• Market Cap: ₹65.94 Crores
• Stock Price: ₹91.30 (as of writing)

Key Highlights:

• Specializes in steel coils and strips, widely used in industrial applications.
• ROCE: 9.25%, ROE: 7.78%
• Does not pay dividends.
• The company has been profitable, but growth has slowed.

Penny Stock Prices at a Glance

Frequently Asked Questions (FAQs)

1) Which are the best steel penny stocks in India?

• Some of the notable steel penny stocks in India include Metal Coatings (India) Limited, Shree Steel Wire Ropes Limited, and Visa Steel Limited.

2) Which steel penny stocks should I invest in?

• It’s advisable to choose companies with strong fundamentals, such as consistent profitability, good ROE, and reasonable debt levels. Always perform a thorough analysis before investing.

3) How risky is investing in penny stocks?

• Investing in penny stocks can be risky due to their volatility and lower liquidity. The risk increases if the company is not financially stable or if the stock is undervalued.

Conclusion

Investing in steel penny stocks can be an attractive opportunity for those looking for low-cost stocks with the potential for growth. However, as with any penny stock, the risks involved are significant.

Always conduct thorough research, check the company’s fundamentals, and seek advice from a financial advisor before making any investment decisions.

For more insights and tips on the stock market, feel free to explore other articles on our website ProfitPro.Co.In!

Read More:  Best Semiconductor Penny Stocks in India: Top Picks for Budget Investors!