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Indian (NIFTY) Metals and Mining Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies231
  • 7D4.4%
  • 3M-3.0%
  • 1Y21.9%
  • YTD2.4%

The Metals and Mining industry is up 4.5% in the last week, with Hindustan Zinc up 10%. During this same period, the Jain Resource Recycling underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026₹23.3t₹14.5t₹1.2t20.7x19x1.6x
Sun, 05 Jul 2026₹21.6t₹14.0t₹1.1t21.1x19.3x1.5x
Tue, 02 Jun 2026₹23.4t₹13.9t₹1.1t21.9x21.1x1.7x
Thu, 30 Apr 2026₹25.0t₹14.2t₹1.0t23.3x24.8x1.8x
Sat, 28 Mar 2026₹21.2t₹14.2t₹988.1b19.3x21.4x1.5x
Mon, 23 Feb 2026₹22.7t₹14.2t₹987.8b21.1x23x1.6x
Wed, 21 Jan 2026₹22.2t₹13.8t₹933.4b21.7x23.8x1.6x
Fri, 19 Dec 2025₹20.4t₹13.7t₹931.7b22.2x21.8x1.5x
Sun, 16 Nov 2025₹20.2t₹13.7t₹933.7b22.5x21.6x1.5x
Tue, 14 Oct 2025₹19.9t₹13.3t₹897.3b23.4x22.1x1.5x
Thu, 11 Sep 2025₹18.8t₹13.2t₹894.2b23.8x21x1.4x
Sat, 09 Aug 2025₹17.9t₹13.1t₹878.8b22.8x20.4x1.4x
Mon, 07 Jul 2025₹18.4t₹13.0t₹842.2b23.5x21.9x1.4x
Wed, 04 Jun 2025₹17.7t₹13.0t₹840.9b22.1x21x1.4x
Fri, 02 May 2025₹16.6t₹12.9t₹793.4b20.5x21x1.3x
Sun, 30 Mar 2025₹17.5t₹12.8t₹775.7b20.5x22.6x1.4x
Tue, 25 Feb 2025₹16.3t₹12.8t₹775.8b21x21x1.3x
Thu, 23 Jan 2025₹17.1t₹12.7t₹756.5b23.7x22.6x1.4x
Sat, 21 Dec 2024₹17.7t₹12.6t₹755.4b25.6x23.4x1.4x
Mon, 18 Nov 2024₹17.3t₹12.7t₹759.7b24.3x22.7x1.4x
Wed, 16 Oct 2024₹19.0t₹12.7t₹639.5b27.5x29.8x1.5x
Fri, 13 Sep 2024₹18.2t₹12.7t₹639.2b26.1x28.5x1.4x
Sun, 11 Aug 2024₹17.9t₹12.6t₹628.3b25.6x28.5x1.4x
Tue, 09 Jul 2024₹19.4t₹12.6t₹623.9b25.1x31.2x1.5x
Thu, 06 Jun 2024₹18.2t₹12.6t₹638.3b24.2x28.5x1.4x
Sat, 04 May 2024₹17.5t₹12.6t₹665.1b24.9x26.3x1.4x
Mon, 01 Apr 2024₹14.6t₹12.7t₹672.0b22.2x21.7x1.2x
Wed, 28 Feb 2024₹14.6t₹12.7t₹672.0b23.7x21.7x1.2x
Fri, 26 Jan 2024₹14.6t₹12.9t₹631.8b24.4x23.2x1.1x
Sun, 24 Dec 2023₹14.2t₹12.9t₹597.0b22.1x23.7x1.1x
Tue, 21 Nov 2023₹13.0t₹12.9t₹596.5b20.7x21.8x1x
Thu, 19 Oct 2023₹12.9t₹12.8t₹630.3b20.4x20.5x1x
Sat, 16 Sep 2023₹12.9t₹12.8t₹628.5b18.7x20.6x1x
Mon, 14 Aug 2023₹12.2t₹12.8t₹628.5b16.5x19.4x1x
Price to Earnings Ratio

19.4x


Total Market Cap: ₹12.2tTotal Earnings: ₹628.5bTotal 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 19.0x 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 1.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market1.87%
Materials3.17%
Metals and Mining4.36%
Gold18.07%
Copper13.71%
Diversified Metals and Mining8.12%
Aluminum6.58%
Steel2.54%
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 8.3% 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₹590.1010.3%
+₹233.4b		39.0%PE14.6x
500440 Hindalco Industries₹1.03k5.7%
+₹123.8b		49.5%PE17x
VAML Vedanta Aluminium Metal₹480.655.2%
+₹92.3b		n/aPE48.8x
500228 JSW Steel₹1.31k2.9%
+₹90.3b		22.6%PE12.9x
INDOMIM INDO-MIM₹878.7518.5%
+₹67.7b		n/aPE81.4x

Latest News

JAINREC
₹315.35
Jain Resource Recycling
7D
-8.1%
1Y
n/a
Analysis Article • 4h

Revenue Miss: Jain Resource Recycling Limited Fell 9.3% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Jain Resource Recycling Limited ( NSE:JAINREC ) shareholders are probably feeling a little disappointed, since its...
500245
₹444.80
Kirloskar Ferrous Industries
7D
-4.5%
1Y
-17.9%
532626
₹486.65
Pondy Oxides And Chemicals
7D
-7.7%
1Y
10.4%
504614
₹500.80
Sarda Energy & Minerals
7D
-2.2%
1Y
-10.0%
INDOMIM
₹878.75
INDO-MIM
7D
18.5%
1Y
n/a
JSL
₹732.50
Jindal Stainless
7D
-0.7%
1Y
1.1%
VENUSPIPES
₹1,589.90
Venus Pipes and Tubes
7D
-4.3%
1Y
20.9%
NATIONALUM
₹381.00
National Aluminium
7D
9.6%
1Y
100.8%
VAML
₹480.65
Vedanta Aluminium Metal
7D
5.2%
1Y
n/a
532144
₹1,817.35
Welspun
7D
9.8%
1Y
108.4%
Narrative Update • Aug 03

532144: Record Order Book And Margin Assumptions Will Support Balanced Medium Term Outlook

Analysts have lifted their price target for Welspun from ₹1,458 to ₹1,794, citing updated assumptions that include a revised P/E multiple, as well as tweaks to revenue growth, profit margin and discount rate inputs in their valuation models. What’s in the News for Welspun Welspun Corp.
513599
₹546.80
Hindustan Copper
7D
13.8%
1Y
126.7%
SHYAMMETL
₹1,015.50
Shyam Metalics and Energy
7D
-0.7%
1Y
4.9%
Narrative Update • Jul 29

SHYAMMETL: Dividend Plans And Revised Assumptions Will Support Measured Long-Term Outlook

Analysts have raised the price target for Shyam Metalics and Energy from ₹950 to ₹1,014, citing updated assumptions that include a lower discount rate, revised revenue growth and profit margin estimates, and a reduced future P/E multiple. What’s in the News for Shyam Metalics and Energy A board meeting is scheduled for 20 Jul 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 Jun 2026.
500228
₹1,308.00
JSW Steel
7D
2.9%
1Y
22.6%
GPIL
₹244.76
Godawari Power & Ispat
7D
-1.8%
1Y
28.1%
500188
₹590.10
Hindustan Zinc
7D
10.3%
1Y
39.0%
Narrative Update • Jul 27

500188: Leadership Transitions And Higher Revenue Assumptions Will Support Future Upside

Analysts have lifted their fair value estimate for Hindustan Zinc, raising the price target from ₹730 to ₹770, citing updated assumptions around revenue growth, profit margins and a slightly lower projected future P/E multiple. What’s in the News for Hindustan Zinc The board appointed Amarendu Prakash as Chief Executive Officer of Hindustan Zinc, effective August 1, 2026, following his prior leadership roles within India’s steel sector.
500440
₹1,026.55
Hindalco Industries
7D
5.7%
1Y
49.5%
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.