Returns At Steel Authority of India (NSE:SAIL) Appear To Be Weighed Down
May 01
Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies187
- 7D-4.0%
- 3M12.3%
- 1Y57.9%
- YTD14.5%
Over the last 7 days, the Metals and Mining industry has dropped 4.0%, and Tata Steel contributed the most with a 2.5% decline. On the other hand Hindustan Zinc is actually up 12%. Over the past 12 months, the industry was up 58%. Earnings are forecast to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Sat, 11 May 2024 | ₹16.6t | ₹12.6t | ₹666.9b | 23.7x | 24.9x | 1.3x |
| Mon, 08 Apr 2024 | ₹15.7t | ₹12.7t | ₹671.9b | 24.3x | 23.4x | 1.2x |
| Wed, 06 Mar 2024 | ₹15.0t | ₹12.7t | ₹672.0b | 23.2x | 22.3x | 1.2x |
| Fri, 02 Feb 2024 | ₹14.8t | ₹12.9t | ₹664.5b | 24.4x | 22.3x | 1.1x |
| Sun, 31 Dec 2023 | ₹14.7t | ₹12.9t | ₹597.0b | 22.4x | 24.6x | 1.1x |
| Tue, 28 Nov 2023 | ₹13.1t | ₹12.9t | ₹596.3b | 20.8x | 21.9x | 1x |
| Thu, 26 Oct 2023 | ₹12.2t | ₹12.8t | ₹661.9b | 18.8x | 18.4x | 0.9x |
| Sat, 23 Sep 2023 | ₹12.5t | ₹12.8t | ₹628.5b | 18.5x | 19.9x | 1x |
| Mon, 21 Aug 2023 | ₹11.9t | ₹12.8t | ₹629.9b | 16.6x | 18.8x | 0.9x |
| Wed, 19 Jul 2023 | ₹11.7t | ₹12.8t | ₹726.9b | 15.9x | 16.2x | 0.9x |
| Fri, 16 Jun 2023 | ₹11.1t | ₹12.8t | ₹731.5b | 15.3x | 15.1x | 0.9x |
| Sun, 14 May 2023 | ₹10.5t | ₹12.7t | ₹786.2b | 15.1x | 13.3x | 0.8x |
| Tue, 11 Apr 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 14.6x | 11.2x | 0.8x |
| Thu, 09 Mar 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 13.8x | 11.3x | 0.8x |
| Sat, 04 Feb 2023 | ₹10.8t | ₹12.7t | ₹1.1t | 13.8x | 10x | 0.8x |
| Mon, 02 Jan 2023 | ₹10.6t | ₹12.7t | ₹1.2t | 14.1x | 9.1x | 0.8x |
| Wed, 30 Nov 2022 | ₹10.0t | ₹12.7t | ₹1.2t | 13.2x | 8.5x | 0.8x |
| Fri, 28 Oct 2022 | ₹9.5t | ₹12.5t | ₹1.4t | 13.1x | 6.7x | 0.8x |
| Sun, 25 Sep 2022 | ₹9.4t | ₹12.4t | ₹1.5t | 13.3x | 6.3x | 0.8x |
| Tue, 23 Aug 2022 | ₹9.0t | ₹12.3t | ₹1.5t | 12.4x | 6x | 0.7x |
| Thu, 21 Jul 2022 | ₹8.5t | ₹11.7t | ₹1.6t | 12.8x | 5.4x | 0.7x |
| Sat, 18 Jun 2022 | ₹8.1t | ₹11.6t | ₹1.6t | 11.7x | 5.1x | 0.7x |
| Mon, 16 May 2022 | ₹9.1t | ₹10.9t | ₹1.6t | 12.2x | 5.7x | 0.8x |
| Wed, 13 Apr 2022 | ₹11.5t | ₹10.6t | ₹1.5t | 14.4x | 7.6x | 1.1x |
| Fri, 11 Mar 2022 | ₹10.7t | ₹10.9t | ₹1.6t | 12.5x | 6.7x | 1x |
| Sun, 06 Feb 2022 | ₹10.6t | ₹10.4t | ₹1.5t | 14.1x | 7x | 1x |
| Tue, 04 Jan 2022 | ₹10.2t | ₹10.0t | ₹1.5t | 13.5x | 6.9x | 1x |
| Thu, 02 Dec 2021 | ₹9.7t | ₹10.0t | ₹1.5t | 10.9x | 6.5x | 1x |
| Sat, 30 Oct 2021 | ₹10.1t | ₹9.3t | ₹1.2t | 12x | 8.3x | 1.1x |
| Mon, 27 Sep 2021 | ₹9.9t | ₹9.0t | ₹1.1t | 11.3x | 8.6x | 1.1x |
| Wed, 25 Aug 2021 | ₹10.0t | ₹9.0t | ₹1.1t | 11.2x | 8.7x | 1.1x |
| Thu, 01 Jul 2021 | ₹9.7t | ₹9.0t | ₹1.1t | 10.6x | 8.5x | 1.1x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are optimistic on the Indian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.9x which is higher than its 3-year average PE of 12.3x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
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 18% 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 | -3.71% | |
| Materials | -4.77% | |
| Metals and Mining | -4.05% | |
| Diversified Metals and Mining | 1.12% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Gold | -0.58% | |
| Aluminum | -4.54% | |
| Steel | -5.38% | |
| Copper | -8.57% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Aluminum industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.1x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 16% per year 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 | |
|---|---|---|---|---|---|
| 500188 Hindustan Zinc | ₹527.60 | 11.9% +₹236.8b | 70.0% | PE28.7x | |
| 543590 Rhetan TMT | ₹12.89 | 18.8% +₹1.6b | 6.5% | PE188.4x | |
| 513010 Tata Steel Long Products | ₹829.45 | 3.6% +₹1.3b | 30.3% | PS0.3x | |
| BAHETI Baheti Recycling Industries | ₹265.40 | 44.6% +₹849.2m | 140.8% | PE14.1x | |
| 504614 Sarda Energy & Minerals | ₹269.20 | 0.6% +₹563.8m | 141.3% | PE17.3x |