India, Aug. 6 -- Two of the largest steel companies in India have just released their results for the June quarter, and the timing could not be more significant. Since steel prices are currently diverging greatly from one region to another and India's demand situation appears to be strong, investors are naturally wondering which of these two leading firms is in the best position to benefit from the next phase of the steel cycle. Let's examine what the figures are actually indicating.

Shares of Tata Steel Limited, with a market capitalization of around Rs.2,38,995 crore, are currently trading at Rs.191.45, up 0.10% from the previous close of Rs.191.25. It currently trades at a P/E ratio of 21.22.

Shares of Jsw Steel Limited, with a mark...