Vedanta Limited (NSE:VEDL) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 01
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Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies224
- 7D1.9%
- 3M10.9%
- 1Y34.2%
- YTD3.2%
The Metals and Mining industry is up 1.9% in the last week, with Hindustan Copper up 28%. In the same time, Hindustan Zinc was down 10%. In the last 12 months, the industry was up 34%. As for the next few years, earnings are expected to grow by 28% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | ₹22.8t | ₹14.0t | ₹972.4b | 21.2x | 23.4x | 1.6x |
| Tue, 30 Dec 2025 | ₹21.1t | ₹13.7t | ₹929.8b | 23.3x | 22.7x | 1.5x |
| Thu, 27 Nov 2025 | ₹19.7t | ₹13.7t | ₹931.8b | 22.4x | 21.1x | 1.4x |
| Sat, 25 Oct 2025 | ₹19.9t | ₹13.3t | ₹910.9b | 23.3x | 21.9x | 1.5x |
| Mon, 22 Sep 2025 | ₹19.2t | ₹13.2t | ₹894.5b | 23.2x | 21.5x | 1.5x |
| Wed, 20 Aug 2025 | ₹18.3t | ₹13.2t | ₹895.5b | 23x | 20.5x | 1.4x |
| Fri, 18 Jul 2025 | ₹18.2t | ₹13.0t | ₹841.8b | 23.6x | 21.6x | 1.4x |
| Sun, 15 Jun 2025 | ₹18.1t | ₹13.0t | ₹841.1b | 23x | 21.5x | 1.4x |
| Tue, 13 May 2025 | ₹17.1t | ₹12.9t | ₹794.8b | 20.1x | 21.5x | 1.3x |
| Thu, 10 Apr 2025 | ₹15.3t | ₹12.8t | ₹775.7b | 19.3x | 19.7x | 1.2x |
| Sat, 08 Mar 2025 | ₹17.1t | ₹12.8t | ₹775.7b | 21x | 22x | 1.3x |
| Mon, 03 Feb 2025 | ₹16.6t | ₹12.7t | ₹748.9b | 23.3x | 22.2x | 1.3x |
| Wed, 01 Jan 2025 | ₹17.4t | ₹12.7t | ₹757.9b | 25.8x | 22.9x | 1.4x |
| Fri, 29 Nov 2024 | ₹17.8t | ₹12.6t | ₹755.4b | 25.1x | 23.6x | 1.4x |
| Sun, 27 Oct 2024 | ₹17.6t | ₹12.7t | ₹622.2b | 24.9x | 28.3x | 1.4x |
| Tue, 24 Sep 2024 | ₹18.5t | ₹12.7t | ₹639.3b | 26.5x | 28.9x | 1.5x |
| Thu, 22 Aug 2024 | ₹18.1t | ₹12.7t | ₹641.2b | 25.8x | 28.2x | 1.4x |
| Sat, 20 Jul 2024 | ₹18.4t | ₹12.6t | ₹624.7b | 24.6x | 29.5x | 1.5x |
| Mon, 17 Jun 2024 | ₹19.1t | ₹12.6t | ₹621.0b | 25.4x | 30.8x | 1.5x |
| Wed, 15 May 2024 | ₹17.8t | ₹12.6t | ₹667.3b | 24.1x | 26.7x | 1.4x |
| Fri, 12 Apr 2024 | ₹16.5t | ₹12.7t | ₹671.9b | 24.3x | 24.5x | 1.3x |
| Sun, 10 Mar 2024 | ₹15.1t | ₹12.7t | ₹672.0b | 23x | 22.4x | 1.2x |
| Tue, 06 Feb 2024 | ₹14.8t | ₹12.6t | ₹650.9b | 24.8x | 22.7x | 1.2x |
| Thu, 04 Jan 2024 | ₹14.6t | ₹12.9t | ₹597.0b | 22.8x | 24.4x | 1.1x |
| Sat, 02 Dec 2023 | ₹13.3t | ₹12.9t | ₹596.3b | 21.1x | 22.4x | 1x |
| Mon, 30 Oct 2023 | ₹12.1t | ₹12.9t | ₹665.8b | 19.1x | 18.2x | 0.9x |
| Wed, 27 Sep 2023 | ₹12.5t | ₹12.8t | ₹628.5b | 18.7x | 19.9x | 1x |
| Fri, 25 Aug 2023 | ₹12.1t | ₹12.8t | ₹629.7b | 17x | 19.2x | 0.9x |
| Sun, 23 Jul 2023 | ₹11.8t | ₹12.8t | ₹713.7b | 15.8x | 16.5x | 0.9x |
| Tue, 20 Jun 2023 | ₹11.2t | ₹12.8t | ₹731.5b | 15.2x | 15.2x | 0.9x |
| Thu, 18 May 2023 | ₹10.4t | ₹12.6t | ₹776.6b | 14.8x | 13.4x | 0.8x |
| Sat, 15 Apr 2023 | ₹10.5t | ₹12.8t | ₹915.6b | 14.7x | 11.5x | 0.8x |
| Mon, 13 Mar 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 13.6x | 11.3x | 0.8x |
| Wed, 08 Feb 2023 | ₹10.5t | ₹12.7t | ₹965.0b | 13.4x | 10.8x | 0.8x |
Price to Earnings Ratio
10.8x
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 21.7x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.2% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | 1.81% | |
| Materials | 1.14% | |
| Metals and Mining | 1.89% | |
| Copper | 27.97% | |
| Gold | 7.71% | |
| Steel | 3.96% | |
| Aluminum | 1.96% | |
| Diversified Metals and Mining | -4.92% | |
Industry PE
- Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio of 65.0x.
- Analysts are expecting annual earnings growth of 55.1%, which is higher than its past year's earnings growth of 18.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings growth rate of 18% 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 | |
|---|---|---|---|---|---|
| 513599 Hindustan Copper | ₹598.70 | 11.8% +₹61.1b | 148.6% | PE101.9x | |
| 500228 JSW Steel | ₹1.19k | 1.8% +₹51.5b | 27.4% | PE39x | |
| JINDALSTEL Jindal Steel | ₹1.10k | 3.6% +₹39.2b | 41.9% | PE56.7x | |
| 526371 NMDC | ₹80.38 | 5.2% +₹35.0b | 24.9% | PE10.1x | |
| JSL Jindal Stainless | ₹787.90 | 5.6% +₹34.6b | 26.2% | PE22.1x |
