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Indian (NIFTY) Metals and Mining Industry Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies219
  • 7D-1.2%
  • 3M11.1%
  • 1Y8.7%
  • YTD14.3%

Over the last 7 days, the Metals and Mining industry has dropped 1.2%, driven by Hindalco Industries declining 6.8%. This takes the industry's 12 month performance to a gain of 8.7%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the Indian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025₹20.1t₹13.5t₹891.6b22.8x22.5x1.5x
Mon, 06 Oct 2025₹20.0t₹13.3t₹897.0b24.2x22.3x1.5x
Wed, 03 Sep 2025₹18.2t₹13.2t₹894.5b23.4x20.3x1.4x
Fri, 01 Aug 2025₹18.1t₹13.1t₹875.8b22.6x20.6x1.4x
Sun, 29 Jun 2025₹18.4t₹13.0t₹841.2b23.1x21.9x1.4x
Tue, 27 May 2025₹17.9t₹13.0t₹833.4b22.5x21.5x1.4x
Thu, 24 Apr 2025₹17.1t₹12.8t₹775.5b21.7x22x1.3x
Sat, 22 Mar 2025₹17.7t₹12.8t₹775.7b21.3x22.8x1.4x
Mon, 17 Feb 2025₹16.0t₹12.8t₹775.9b20.8x20.6x1.2x
Wed, 15 Jan 2025₹16.8t₹12.6t₹755.9b23.3x22.2x1.3x
Fri, 13 Dec 2024₹18.9t₹12.6t₹755.4b27x25.1x1.5x
Sun, 10 Nov 2024₹18.2t₹12.6t₹678.0b26.3x26.8x1.4x
Tue, 08 Oct 2024₹18.9t₹12.7t₹639.8b26.2x29.6x1.5x
Thu, 05 Sep 2024₹18.0t₹12.7t₹641.2b25.9x28.1x1.4x
Sat, 03 Aug 2024₹18.6t₹12.6t₹614.0b25.4x30.3x1.5x
Mon, 01 Jul 2024₹19.0t₹12.6t₹623.2b25.7x30.5x1.5x
Wed, 29 May 2024₹18.9t₹12.6t₹647.7b22.7x29.2x1.5x
Fri, 26 Apr 2024₹17.1t₹12.6t₹666.4b25.2x25.7x1.4x
Sun, 24 Mar 2024₹14.5t₹12.7t₹672.0b22.3x21.5x1.1x
Tue, 20 Feb 2024₹14.7t₹12.6t₹671.6b23.9x21.9x1.2x
Thu, 18 Jan 2024₹14.4t₹12.9t₹602.3b23.9x24x1.1x
Sat, 16 Dec 2023₹14.1t₹12.9t₹596.9b22.2x23.7x1.1x
Mon, 13 Nov 2023₹12.6t₹12.9t₹596.5b20.7x21.2x1x
Wed, 11 Oct 2023₹12.6t₹12.8t₹627.9b19.7x20x1x
Fri, 08 Sep 2023₹12.9t₹12.8t₹628.2b18.9x20.5x1x
Sun, 06 Aug 2023₹12.1t₹12.8t₹645.6b16.8x18.7x0.9x
Tue, 04 Jul 2023₹11.3t₹12.8t₹727.2b15.1x15.5x0.9x
Thu, 01 Jun 2023₹10.5t₹12.7t₹730.6b14.9x14.3x0.8x
Sat, 29 Apr 2023₹10.6t₹12.7t₹930.6b14.6x11.4x0.8x
Mon, 27 Mar 2023₹10.1t₹12.8t₹915.5b13.5x11x0.8x
Wed, 22 Feb 2023₹10.7t₹12.8t₹915.9b13.9x11.6x0.8x
Fri, 20 Jan 2023₹11.3t₹12.7t₹1.2t14.8x9.7x0.9x
Sun, 18 Dec 2022₹10.4t₹12.7t₹1.2t13.8x8.9x0.8x
Tue, 15 Nov 2022₹10.1t₹12.7t₹1.2t13.1x8.5x0.8x
Price to Earnings Ratio

8.5x


Total Market Cap: ₹10.1tTotal Earnings: ₹1.2tTotal Revenue: ₹12.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Metals and Mining Industry Price to Earnings3Y Average 20.7x202320242025
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 9.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-0.97%
Materials-1.25%
Metals and Mining-1.18%
Diversified Metals and Mining1.72%
Steel-1.35%
Copper-2.10%
Gold-4.39%
Aluminum-5.36%
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?

CompanyLast Price7D1YValuation
VEDL Vedanta₹515.054.4%
+₹84.0b		12.5%PE16.7x
SAIL Steel Authority of India₹141.003.0%
+₹17.1b		19.3%PE22.8x
GALLANTT Gallantt Ispat₹552.855.5%
+₹7.0b		71.5%PE29.5x
512455 Lloyds Metals and Energy₹1.32k1.0%
+₹6.8b		31.0%PE45.4x
GRAVITA Gravita India₹1.71k2.6%
+₹3.2b		-23.4%PE34.4x

Latest News

512455
₹1,317.80
Lloyds Metals and Energy
7D
1.0%
1Y
31.0%
500440
₹790.40
Hindalco Industries
7D
-6.8%
1Y
21.6%

500440: Fair Value To Be Maintained As Margins And Outlook Improve

Analysts have raised their price target for Hindalco Industries by approximately ₹10, citing improved outlooks for revenue growth and profit margins. What's in the News Hindalco Industries has scheduled a board meeting on November 7, 2025.
GRAVITA
₹1,710.80
Gravita India
7D
2.6%
1Y
-23.4%

There May Be Underlying Issues With The Quality Of Gravita India's (NSE:GRAVITA) Earnings

Nov 07
There May Be Underlying Issues With The Quality Of Gravita India's (NSE:GRAVITA) Earnings
532144
₹905.90
Welspun
7D
-6.1%
1Y
17.0%

532144: Major US Orders And Middle East Exports Will Drive Global Book Expansion

Analysts have raised Welspun's fair value estimate from ₹1,087 to ₹1,110.25, reflecting updated views on key growth and profitability assumptions. What's in the News The board approved the incorporation of two wholly owned subsidiaries in the United Arab Emirates, intended as investment holding and global marketing entities, subject to regulatory approvals (Board Meeting).
VEDL
₹515.05
Vedanta
7D
4.4%
1Y
12.5%
SAIL
₹141.00
Steel Authority of India
7D
3.0%
1Y
19.3%

Steel Authority of India's (NSE:SAIL) Solid Earnings Have Been Accounted For Conservatively

Nov 06
Steel Authority of India's (NSE:SAIL) Solid Earnings Have Been Accounted For Conservatively
KIOCL
₹402.90
KIOCL
7D
-6.5%
1Y
9.3%

KIOCL Limited (NSE:KIOCL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely

Nov 06
KIOCL Limited (NSE:KIOCL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely
JINDALSTEL
₹1,069.90
Jindal Steel
7D
0.3%
1Y
15.3%
JSL
₹731.75
Jindal Stainless
7D
-2.9%
1Y
3.0%
SAMBHV
₹121.59
Sambhv Steel Tubes
7D
8.2%
1Y
n/a
500470
₹181.45
Tata Steel
7D
-0.8%
1Y
23.0%
500188
₹474.55
Hindustan Zinc
7D
-0.4%
1Y
-6.3%

500188: Production Expansions And Sustainability Investments Will Shape Outlook

Analysts have raised their price target for Hindustan Zinc from ₹460.42 to ₹488.58, citing improved revenue growth forecasts. This comes despite a slightly higher discount rate and marginally lower profit margin projections.
517522
₹478.65
Rajratan Global Wire
7D
10.8%
1Y
-11.9%
526371
₹74.28
NMDC
7D
-2.0%
1Y
-5.4%

526371: Upcoming Results And Dividend Decision Will Shape Outlook Amid Modest Adjustments

Analysts have slightly raised their price target for NMDC from ₹76.6 to ₹77.4. This reflects a modest adjustment based on recent changes to forecasts for revenue growth, profit margin, and valuation multiples. What's in the News NMDC will hold a Board Meeting on October 29, 2025 to consider and approve the unaudited financial results for the quarter ended September 30, 2025 (Board Meeting).
GALLANTT
₹552.85
Gallantt Ispat
7D
5.5%
1Y
71.5%
500228
₹1,171.75
JSW Steel
7D
-2.8%
1Y
17.5%

U.S. Reorganization And New Partnerships Will Drive Long-Term Steel Demand

Analysts have raised their price target for JSW Steel by approximately ₹50 to ₹1,148, based on updated estimates for fair value and slight adjustments in expected growth and profitability metrics. What's in the News JSW Steel has approved a strategic reorganization of its U.S. operations to consolidate business verticals under a single holding company.