Narrative Update • Jul 23
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- 7D1.7%
- 3M-3.9%
- 1Y17.0%
- YTD-1.5%
Over the last 7 days, the Metals and Mining industry has dropped 1.2%, driven by a pullback from Gravita India of 9.9%. Meanwhile, Lloyds Metals and Energy actually outperformed within the industry, gaining 9.6% in the last week. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 30 Jul 2026 | ₹22.0t | ₹14.2t | ₹1.2t | 20.4x | 18.5x | 1.5x |
| Sat, 27 Jun 2026 | ₹21.4t | ₹14.0t | ₹1.1t | 21.4x | 19.1x | 1.5x |
| Mon, 25 May 2026 | ₹23.2t | ₹13.8t | ₹1.1t | 22.5x | 21.3x | 1.7x |
| Wed, 22 Apr 2026 | ₹24.5t | ₹14.2t | ₹988.1b | 23.1x | 24.8x | 1.7x |
| Fri, 20 Mar 2026 | ₹21.3t | ₹14.2t | ₹987.7b | 19.8x | 21.6x | 1.5x |
| Sun, 15 Feb 2026 | ₹22.7t | ₹14.2t | ₹986.6b | 21.6x | 23x | 1.6x |
| Tue, 13 Jan 2026 | ₹21.8t | ₹13.7t | ₹929.8b | 22.6x | 23.5x | 1.6x |
| Thu, 11 Dec 2025 | ₹19.6t | ₹13.7t | ₹931.8b | 21.9x | 21.1x | 1.4x |
| Sat, 08 Nov 2025 | ₹20.1t | ₹13.5t | ₹891.6b | 22.8x | 22.5x | 1.5x |
| Mon, 06 Oct 2025 | ₹20.0t | ₹13.3t | ₹897.0b | 24.2x | 22.3x | 1.5x |
| Wed, 03 Sep 2025 | ₹18.2t | ₹13.2t | ₹894.5b | 23.4x | 20.3x | 1.4x |
| Fri, 01 Aug 2025 | ₹18.1t | ₹13.1t | ₹875.8b | 22.6x | 20.6x | 1.4x |
| Sun, 29 Jun 2025 | ₹18.4t | ₹13.0t | ₹841.2b | 23.1x | 21.9x | 1.4x |
| Tue, 27 May 2025 | ₹17.9t | ₹13.0t | ₹833.4b | 22.5x | 21.5x | 1.4x |
| Thu, 24 Apr 2025 | ₹17.1t | ₹12.8t | ₹775.5b | 21.7x | 22x | 1.3x |
| Sat, 22 Mar 2025 | ₹17.7t | ₹12.8t | ₹775.7b | 21.3x | 22.8x | 1.4x |
| Mon, 17 Feb 2025 | ₹16.0t | ₹12.8t | ₹775.9b | 20.8x | 20.6x | 1.2x |
| Wed, 15 Jan 2025 | ₹16.8t | ₹12.6t | ₹755.9b | 23.3x | 22.2x | 1.3x |
| Fri, 13 Dec 2024 | ₹18.9t | ₹12.6t | ₹755.4b | 27x | 25.1x | 1.5x |
| Sun, 10 Nov 2024 | ₹18.2t | ₹12.6t | ₹678.0b | 26.3x | 26.8x | 1.4x |
| Tue, 08 Oct 2024 | ₹18.9t | ₹12.7t | ₹639.8b | 26.2x | 29.6x | 1.5x |
| Thu, 05 Sep 2024 | ₹18.0t | ₹12.7t | ₹641.2b | 25.9x | 28.1x | 1.4x |
| Sat, 03 Aug 2024 | ₹18.6t | ₹12.6t | ₹614.0b | 25.4x | 30.3x | 1.5x |
| Mon, 01 Jul 2024 | ₹19.0t | ₹12.6t | ₹623.2b | 25.7x | 30.5x | 1.5x |
| Wed, 29 May 2024 | ₹18.9t | ₹12.6t | ₹647.7b | 22.7x | 29.2x | 1.5x |
| Fri, 26 Apr 2024 | ₹17.1t | ₹12.6t | ₹666.4b | 25.2x | 25.7x | 1.4x |
| Sun, 24 Mar 2024 | ₹14.5t | ₹12.7t | ₹672.0b | 22.3x | 21.5x | 1.1x |
| Tue, 20 Feb 2024 | ₹14.7t | ₹12.6t | ₹671.6b | 23.9x | 21.9x | 1.2x |
| Thu, 18 Jan 2024 | ₹14.4t | ₹12.9t | ₹602.3b | 23.9x | 24x | 1.1x |
| Sat, 16 Dec 2023 | ₹14.1t | ₹12.9t | ₹596.9b | 22.2x | 23.7x | 1.1x |
| Mon, 13 Nov 2023 | ₹12.6t | ₹12.9t | ₹596.5b | 20.7x | 21.2x | 1x |
| Wed, 11 Oct 2023 | ₹12.6t | ₹12.8t | ₹627.9b | 19.7x | 20x | 1x |
| Fri, 08 Sep 2023 | ₹12.9t | ₹12.8t | ₹628.2b | 18.9x | 20.5x | 1x |
| Sun, 06 Aug 2023 | ₹12.1t | ₹12.8t | ₹645.6b | 16.8x | 18.7x | 0.9x |
Price to Earnings Ratio
18.7x
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 18.0x which is lower than its 3-year average PE of 23.2x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 3.5% 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 | 0.62% | |
| Materials | 0.78% | |
| Metals and Mining | 1.67% | |
| Gold | 3.31% | |
| Steel | 2.27% | |
| Aluminum | 1.04% | |
| Diversified Metals and Mining | 0.16% | |
| Copper | -1.19% | |
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 9.5% 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 | |
|---|---|---|---|---|---|
| 512455 Lloyds Metals and Energy | ₹2.05k | 9.6% +₹101.3b | 35.1% | PE31.4x | |
| JINDALSTEL Jindal Steel | ₹1.09k | 4.2% +₹44.6b | 10.8% | PE40.9x | |
| SAIL Steel Authority of India | ₹170.96 | 5.5% +₹37.1b | 37.7% | PE16.5x | |
| VAML Vedanta Aluminium Metal | ₹439.60 | 1.9% +₹32.8b | n/a | PE-4696739.3x | |
| 500440 Hindalco Industries | ₹962.25 | 1.3% +₹27.1b | 39.7% | PE16x |
