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Indian (NIFTY) Metals and Mining Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies228
  • 7D-0.08%
  • 3M-12.2%
  • 1Y12.6%
  • YTD-3.5%

In the last week, Metals and Mining has been flat. The past year has been better, since the industry has gained 13% in that time. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jul 2026₹21.4t₹14.1t₹1.1t20.2x18.8x1.5x
Sun, 21 Jun 2026₹24.4t₹14.0t₹1.1t22x21.8x1.7x
Tue, 19 May 2026₹23.1t₹13.7t₹1.1t22x20.6x1.7x
Thu, 16 Apr 2026₹23.9t₹14.2t₹988.1b22.5x24.2x1.7x
Sat, 14 Mar 2026₹21.5t₹14.2t₹987.7b19.8x21.8x1.5x
Mon, 09 Feb 2026₹22.8t₹14.1t₹1.0t22x22.8x1.6x
Wed, 07 Jan 2026₹22.3t₹13.7t₹929.8b23.3x24x1.6x
Fri, 05 Dec 2025₹19.8t₹13.7t₹931.8b22.2x21.2x1.4x
Sun, 02 Nov 2025₹20.3t₹13.4t₹892.5b23.1x22.7x1.5x
Tue, 30 Sep 2025₹19.1t₹13.2t₹894.7b23.4x21.3x1.4x
Thu, 28 Aug 2025₹18.0t₹13.2t₹894.5b23.4x20.1x1.4x
Sat, 26 Jul 2025₹18.3t₹13.0t₹857.2b22.8x21.3x1.4x
Mon, 23 Jun 2025₹17.6t₹13.0t₹841.2b22.2x21x1.4x
Wed, 21 May 2025₹17.6t₹12.9t₹800.0b21.5x22x1.4x
Fri, 18 Apr 2025₹16.6t₹12.8t₹775.7b20.4x21.4x1.3x
Sun, 16 Mar 2025₹16.7t₹12.8t₹775.7b19.7x21.6x1.3x
Tue, 11 Feb 2025₹16.6t₹12.7t₹755.5b22.7x21.9x1.3x
Thu, 09 Jan 2025₹17.4t₹12.7t₹757.9b25x22.9x1.4x
Sat, 07 Dec 2024₹18.8t₹12.6t₹755.4b27.4x24.8x1.5x
Mon, 04 Nov 2024₹18.4t₹12.7t₹617.4b25.6x29.8x1.5x
Wed, 02 Oct 2024₹19.7t₹12.7t₹639.3b27x30.8x1.6x
Fri, 30 Aug 2024₹18.3t₹12.7t₹641.2b26.9x28.5x1.4x
Sun, 28 Jul 2024₹18.6t₹12.7t₹607.0b25.7x30.6x1.5x
Tue, 25 Jun 2024₹19.2t₹12.6t₹623.1b25.7x30.8x1.5x
Thu, 23 May 2024₹19.5t₹12.6t₹643.5b23.6x30.3x1.5x
Sat, 20 Apr 2024₹16.3t₹12.7t₹671.8b24.2x24.3x1.3x
Mon, 18 Mar 2024₹13.9t₹12.7t₹672.0b21.5x20.6x1.1x
Wed, 14 Feb 2024₹14.1t₹12.6t₹652.8b23.6x21.7x1.1x
Fri, 12 Jan 2024₹14.6t₹12.9t₹597.0b23.8x24.4x1.1x
Sun, 10 Dec 2023₹13.7t₹12.9t₹596.9b21.5x22.9x1.1x
Tue, 07 Nov 2023₹12.4t₹12.8t₹568.7b19.8x21.8x1x
Thu, 05 Oct 2023₹12.6t₹12.8t₹628.5b18.5x20.1x1x
Sat, 02 Sep 2023₹12.7t₹12.8t₹628.3b18x20.2x1x
Mon, 31 Jul 2023₹12.1t₹12.8t₹642.8b15.9x18.8x0.9x
Price to Earnings Ratio

18.8x


Total Market Cap: ₹12.1tTotal Earnings: ₹642.8bTotal Revenue: ₹12.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Metals and Mining Industry Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.8x which is lower than its 3-year average PE of 23.2x.
  • The 3-year average PS ratio of 1.4x 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 grown 21% per year over the last three years.
  • Revenues for these companies have grown 3.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market-1.01%
Materials-0.24%
Metals and Mining-0.082%
Copper1.56%
Diversified Metals and Mining1.48%
Steel-0.36%
Aluminum-0.90%
Gold-2.27%
Industry PE
  • Investors are most optimistic about the Copper industry even though it's trading below its 3-year average PE ratio of 70.0x.
    • Analysts are expecting annual earnings growth of 33.8%, which is higher than its past year's earnings growth of 7.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 7.3% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
500188 Hindustan Zinc₹531.952.6%
+₹57.7b		21.2%PE16.2x
VEDL Vedanta₹264.654.6%
+₹45.3b		-40.3%PE21.6x
512455 Lloyds Metals and Energy₹1.94k3.9%
+₹41.2b		29.0%PE29.7x
JINDALSTEL Jindal Steel₹1.04k1.1%
+₹11.0b		3.6%PE31.4x
533758 APL Apollo Tubes₹1.83k1.8%
+₹8.9b		18.5%PE42.1x

Latest News

JINDALSTEL
₹1,035.80
Jindal Steel
7D
1.1%
1Y
3.6%
533758
₹1,825.70
APL Apollo Tubes
7D
1.8%
1Y
18.5%
VEDL
₹264.65
Vedanta
7D
4.6%
1Y
-40.3%
VAML
₹435.60
Vedanta Aluminium Metal
7D
-1.4%
1Y
n/a
VISL
₹30.35
Vedanta Iron and Steel
7D
-10.4%
1Y
n/a
500188
₹531.95
Hindustan Zinc
7D
2.6%
1Y
21.2%
500440
₹942.75
Hindalco Industries
7D
0.3%
1Y
36.1%
Narrative Update • Jul 23

500440: New North India Capacity Expansion Will Support Stronger Future Profitability

Analysts have lifted their 12 month price target for Hindalco Industries from ₹1,070 to about ₹1,342, citing updated assumptions for higher revenue, improved profit margins and a lower future P/E multiple in their models. What’s in the News for Hindalco Industries Hindalco Industries has scheduled a board meeting on August 7, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
520111
₹2,399.40
Ratnamani Metals & Tubes
7D
-6.8%
1Y
-11.5%
NATIONALUM
₹343.90
National Aluminium
7D
1.2%
1Y
77.6%
GALLANTT
₹521.20
Gallantt Ispat
7D
-20.0%
1Y
-17.9%
512455
₹1,939.55
Lloyds Metals and Energy
7D
3.9%
1Y
29.0%
Narrative Update • Jul 21

512455: Future Debt Raise Will Support Bullish Outlook On Earnings Potential

Analysts have adjusted the price target for Lloyds Metals and Energy to ₹2,200 from ₹2,100, reflecting updated assumptions on revenue growth, profit margins and forward P/E expectations in their valuation work. What's in the News Lloyds Metals and Energy held its 49th Annual General Meeting on June 19, 2026, where shareholders approved an alteration to the Articles of Association by deleting the Common Seal clause (Key Developments).
JINDALSAW
₹255.35
Jindal Saw
7D
-5.2%
1Y
14.6%
500470
₹182.70
Tata Steel
7D
-1.7%
1Y
13.2%
500228
₹1,240.65
JSW Steel
7D
0.2%
1Y
20.9%
Narrative Update • Jul 07

500228: Greenfield Odisha Expansion Will Support Future Margin And Output Upside

Analysts have raised their price target on JSW Steel from ₹1,525 to about ₹1,630, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What’s in the News for JSW Steel JSW Steel has scheduled a board meeting on Jul 17, 2026 to consider the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026.
JSL
₹714.25
Jindal Stainless
7D
-3.2%
1Y
8.9%
Narrative Update • Jun 13

JSL: Renewable Power Expansion Will Support Future Margin Resilience

Analysts have maintained their fair value estimate for Jindal Stainless at ₹869.93 per share, with updated assumptions around discount rate, revenue growth, profit margin and future P/E now reflected in the price target rationale. What's in the News The Board of Directors has recommended a final dividend of ₹3 per share for FY26, taking the total dividend to ₹4 per share, equal to 200% on an equity share with a face value of ₹2, subject to shareholder approval.
KIOCL
₹348.75
KIOCL
7D
-5.8%
1Y
2.5%