There May Be Underlying Issues With The Quality Of Gravita India's (NSE:GRAVITA) Earnings
Nov 07
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Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedNov 07, 2025
DataAggregated Company Financials
Companies219
- 7D-3.3%
- 3M9.7%
- 1Y6.2%
- YTD12.8%
Over the last 7 days, the Metals and Mining industry has dropped 2.0%, driven by a pullback from Hindalco Industries of 8.5%. This takes the industry's 12 month performance to a gain of 6.5%. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Indian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | ₹19.8t | ₹13.5t | ₹891.6b | 22.5x | 22.2x | 1.5x |
| Sun, 05 Oct 2025 | ₹20.0t | ₹13.3t | ₹897.0b | 24.2x | 22.3x | 1.5x |
| Tue, 02 Sep 2025 | ₹18.0t | ₹13.2t | ₹894.5b | 23.4x | 20.2x | 1.4x |
| Thu, 31 Jul 2025 | ₹18.2t | ₹13.1t | ₹864.8b | 22.4x | 21.1x | 1.4x |
| Sat, 28 Jun 2025 | ₹18.4t | ₹13.0t | ₹841.2b | 23.1x | 21.9x | 1.4x |
| Mon, 26 May 2025 | ₹17.8t | ₹13.0t | ₹833.2b | 21.9x | 21.3x | 1.4x |
| Wed, 23 Apr 2025 | ₹17.0t | ₹12.8t | ₹775.6b | 20.9x | 21.9x | 1.3x |
| Fri, 21 Mar 2025 | ₹17.7t | ₹12.8t | ₹775.7b | 20.5x | 22.8x | 1.4x |
| Sun, 16 Feb 2025 | ₹16.0t | ₹12.8t | ₹775.9b | 20.7x | 20.6x | 1.2x |
| Tue, 14 Jan 2025 | ₹16.3t | ₹12.7t | ₹758.3b | 23.4x | 21.5x | 1.3x |
| Thu, 12 Dec 2024 | ₹19.0t | ₹12.6t | ₹755.4b | 27.3x | 25.1x | 1.5x |
| Sat, 09 Nov 2024 | ₹18.2t | ₹12.6t | ₹679.5b | 25.9x | 26.8x | 1.4x |
| Mon, 07 Oct 2024 | ₹19.5t | ₹12.7t | ₹639.8b | 26.6x | 30.5x | 1.5x |
| Wed, 04 Sep 2024 | ₹18.1t | ₹12.7t | ₹641.2b | 26.1x | 28.3x | 1.4x |
| Fri, 02 Aug 2024 | ₹18.9t | ₹12.6t | ₹614.1b | 25.2x | 30.8x | 1.5x |
| Sun, 30 Jun 2024 | ₹19.0t | ₹12.6t | ₹623.2b | 25.7x | 30.5x | 1.5x |
| Tue, 28 May 2024 | ₹19.0t | ₹12.6t | ₹651.6b | 23.5x | 29.1x | 1.5x |
| Thu, 25 Apr 2024 | ₹17.0t | ₹12.6t | ₹666.4b | 24.6x | 25.5x | 1.3x |
| Sat, 23 Mar 2024 | ₹14.5t | ₹12.7t | ₹672.0b | 22.3x | 21.5x | 1.1x |
| Mon, 19 Feb 2024 | ₹14.6t | ₹12.6t | ₹671.6b | 23.7x | 21.8x | 1.2x |
| Wed, 17 Jan 2024 | ₹14.8t | ₹12.9t | ₹596.7b | 24.5x | 24.8x | 1.1x |
| Fri, 15 Dec 2023 | ₹14.0t | ₹12.9t | ₹596.9b | 22.1x | 23.4x | 1.1x |
| Sun, 12 Nov 2023 | ₹12.6t | ₹12.9t | ₹592.6b | 20.1x | 21.3x | 1x |
| Tue, 10 Oct 2023 | ₹12.3t | ₹12.8t | ₹628.6b | 19.3x | 19.6x | 1x |
| Thu, 07 Sep 2023 | ₹12.9t | ₹12.8t | ₹628.2b | 18.8x | 20.5x | 1x |
| Sat, 05 Aug 2023 | ₹12.1t | ₹12.8t | ₹644.2b | 16.8x | 18.8x | 0.9x |
| Mon, 03 Jul 2023 | ₹11.2t | ₹12.8t | ₹727.2b | 15.1x | 15.3x | 0.9x |
| Wed, 31 May 2023 | ₹10.5t | ₹12.8t | ₹731.6b | 14.8x | 14.4x | 0.8x |
| Fri, 28 Apr 2023 | ₹10.5t | ₹12.7t | ₹929.9b | 14.6x | 11.3x | 0.8x |
| Sun, 26 Mar 2023 | ₹10.1t | ₹12.8t | ₹915.5b | 13.5x | 11x | 0.8x |
| Tue, 21 Feb 2023 | ₹10.6t | ₹12.8t | ₹915.9b | 14x | 11.5x | 0.8x |
| Thu, 19 Jan 2023 | ₹11.2t | ₹12.7t | ₹1.2t | 15x | 9.6x | 0.9x |
| Sat, 17 Dec 2022 | ₹10.4t | ₹12.7t | ₹1.2t | 13.8x | 8.9x | 0.8x |
| Mon, 14 Nov 2022 | ₹10.0t | ₹12.6t | ₹1.2t | 13x | 8.3x | 0.8x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are relatively neutral on the Indian Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.7x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 9.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | -1.43% | |
| Materials | -2.46% | |
| Metals and Mining | -3.29% | |
| Diversified Metals and Mining | -1.45% | |
| Gold | -2.49% | |
| Steel | -3.04% | |
| Copper | -7.38% | |
| Aluminum | -7.42% | |
Industry PE
- Investors are most optimistic about the Copper industry, which is trading close to its 3-year average PE ratio of 61.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 4.0% per year.
- In contrast, the Aluminum industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 539006 PTC Industries | ₹17.43k | 2.3% +₹5.9b | 45.1% | PE426.2x | |
| SAIL Steel Authority of India | ₹137.91 | 0.6% +₹3.6b | 11.8% | PE22.3x | |
| 517522 Rajratan Global Wire | ₹452.40 | 11.3% +₹2.3b | -16.9% | PE39.2x | |
| GRAVITA Gravita India | ₹1.70k | 1.8% +₹2.1b | -25.9% | PE34.2x | |
| SURYAROSNI Surya Roshni | ₹295.00 | 1.8% +₹1.2b | -15.3% | PE22.3x |
