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Indian (NIFTY) Metals and Mining Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies231
  • 7D4.2%
  • 3M-2.6%
  • 1Y24.3%
  • YTD2.8%

In the last week, the Metals and Mining industry is up 4.2%, with Hindustan Zinc up 11%. This takes the industry's 12 month performance to a gain of 24%. 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
Sun, 09 Aug 2026₹23.4t₹14.7t₹1.3t20.3x18.6x1.6x
Tue, 07 Jul 2026₹21.7t₹14.0t₹1.1t21.2x19.4x1.5x
Thu, 04 Jun 2026₹23.5t₹13.9t₹1.1t21.3x21.2x1.7x
Sat, 02 May 2026₹22.6t₹13.4t₹919.6b23.1x24.6x1.7x
Mon, 30 Mar 2026₹21.2t₹14.2t₹988.1b19.3x21.4x1.5x
Wed, 25 Feb 2026₹22.8t₹14.2t₹987.8b20.9x23.1x1.6x
Fri, 23 Jan 2026₹22.4t₹13.8t₹946.1b21.9x23.7x1.6x
Sun, 21 Dec 2025₹20.4t₹13.7t₹931.7b22x21.9x1.5x
Tue, 18 Nov 2025₹20.1t₹13.7t₹932.3b23x21.6x1.5x
Thu, 16 Oct 2025₹19.9t₹13.3t₹897.3b23.3x22.2x1.5x
Sat, 13 Sep 2025₹19.1t₹13.2t₹894.3b23.2x21.3x1.4x
Mon, 11 Aug 2025₹17.9t₹13.1t₹877.7b22.8x20.4x1.4x
Wed, 09 Jul 2025₹18.3t₹13.0t₹842.2b23.5x21.7x1.4x
Fri, 06 Jun 2025₹18.0t₹13.0t₹841.1b22.3x21.4x1.4x
Sun, 04 May 2025₹16.5t₹12.9t₹791.6b20.8x20.8x1.3x
Tue, 01 Apr 2025₹17.5t₹12.8t₹775.7b20.5x22.6x1.4x
Thu, 27 Feb 2025₹16.0t₹12.8t₹775.8b20.4x20.7x1.3x
Sat, 25 Jan 2025₹17.0t₹12.7t₹756.4b23.7x22.5x1.3x
Mon, 23 Dec 2024₹17.7t₹12.6t₹755.4b25.6x23.4x1.4x
Wed, 20 Nov 2024₹17.4t₹12.7t₹759.8b23.9x22.9x1.4x
Fri, 18 Oct 2024₹18.7t₹12.7t₹637.9b27.1x29.3x1.5x
Sun, 15 Sep 2024₹18.4t₹12.7t₹639.3b26.6x28.8x1.4x
Tue, 13 Aug 2024₹18.1t₹12.7t₹628.3b25.5x28.8x1.4x
Thu, 11 Jul 2024₹19.1t₹12.6t₹624.5b24.6x30.6x1.5x
Sat, 08 Jun 2024₹18.9t₹12.6t₹636.3b24.8x29.6x1.5x
Mon, 06 May 2024₹17.5t₹12.6t₹665.3b24.9x26.3x1.4x
Wed, 03 Apr 2024₹15.5t₹12.7t₹671.9b22.8x23x1.2x
Fri, 01 Mar 2024₹14.5t₹12.7t₹672.0b23.6x21.5x1.1x
Sun, 28 Jan 2024₹14.6t₹12.9t₹647.3b24.3x22.6x1.1x
Tue, 26 Dec 2023₹14.2t₹12.9t₹597.0b22.1x23.7x1.1x
Thu, 23 Nov 2023₹13.6t₹12.9t₹596.3b20.9x22.8x1.1x
Sat, 21 Oct 2023₹12.6t₹12.8t₹634.5b20.4x19.9x1x
Mon, 18 Sep 2023₹12.9t₹12.8t₹628.5b18.6x20.6x1x
Wed, 16 Aug 2023₹12.0t₹12.8t₹629.9b16.5x19x0.9x
Price to Earnings Ratio

19x


Total Market Cap: ₹12.0tTotal Earnings: ₹629.9bTotal 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 Market1.27%
Materials2.84%
Metals and Mining4.15%
Gold9.15%
Copper8.96%
Diversified Metals and Mining8.73%
Aluminum8.11%
Steel1.93%
Industry PE
  • Investors are most optimistic about the Copper industry even though it's trading below its 3-year average PE ratio of 70.1x.
    • 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 8.1% 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₹601.0011.4%
+₹260.5b		42.9%PE14.9x
500440 Hindalco Industries₹1.05k8.2%
+₹176.8b		56.7%PE14.3x
VAML Vedanta Aluminium Metal₹470.053.5%
+₹62.0b		n/aPE47.8x
VEDL Vedanta₹278.855.5%
+₹57.0b		-35.4%PE16x
NATIONALUM National Aluminium₹381.008.8%
+₹56.8b		103.3%PE10.4x

Latest News

500440
₹1,054.00
Hindalco Industries
7D
8.2%
1Y
56.7%
JAINREC
₹308.40
Jain Resource Recycling
7D
-11.4%
1Y
n/a
Analysis Article • Aug 07

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
₹445.00
Kirloskar Ferrous Industries
7D
-5.8%
1Y
-19.3%
532626
₹482.00
Pondy Oxides And Chemicals
7D
-8.2%
1Y
12.5%
VEDL
₹278.85
Vedanta
7D
5.5%
1Y
-35.4%
504614
₹497.75
Sarda Energy & Minerals
7D
-3.6%
1Y
-7.0%
504918
₹205.65
Sandur Manganese & Iron Ores
7D
-3.4%
1Y
28.2%
520111
₹2,202.65
Ratnamani Metals & Tubes
7D
-6.8%
1Y
-5.3%
INDOMIM
₹867.35
INDO-MIM
7D
11.8%
1Y
n/a
NATIONALUM
₹381.00
National Aluminium
7D
8.8%
1Y
103.3%
500470
₹188.00
Tata Steel
7D
-0.9%
1Y
19.0%
Narrative Update • Aug 03

500470: NINL Capacity Expansion And Dividends Will Support Future Upside

The analyst price target for Tata Steel has been revised from about ₹225 to about ₹220. Analysts link this change to updated assumptions that include a slightly higher discount rate, modestly adjusted revenue growth and profit margin expectations, and a lower future P/E multiple.
VAML
₹470.05
Vedanta Aluminium Metal
7D
3.5%
1Y
n/a
532144
₹1,839.40
Welspun
7D
11.3%
1Y
111.6%
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.
SHYAMMETL
₹1,006.90
Shyam Metalics and Energy
7D
-2.4%
1Y
5.7%
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
₹1,293.50
JSW Steel
7D
1.8%
1Y
23.3%
500188
₹601.00
Hindustan Zinc
7D
11.4%
1Y
42.9%
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.