Narrative Update • Aug 08
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- 7D4.2%
- 3M-1.6%
- 1Y24.3%
- YTD2.8%
The Metals and Mining industry is up 4.2% in the last week, with Hindustan Zinc up 8.9%. During this same period, the Jain Resource Recycling underperformed, falling 14%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 11 Aug 2026 | ₹23.4t | ₹14.7t | ₹1.3t | 20.2x | 18.6x | 1.6x |
| Thu, 09 Jul 2026 | ₹21.3t | ₹14.0t | ₹1.1t | 20.5x | 19x | 1.5x |
| Sat, 06 Jun 2026 | ₹22.8t | ₹13.9t | ₹1.1t | 21.2x | 20.6x | 1.6x |
| Mon, 04 May 2026 | ₹22.6t | ₹13.4t | ₹919.6b | 23.1x | 24.6x | 1.7x |
| Wed, 01 Apr 2026 | ₹21.1t | ₹14.2t | ₹988.1b | 18.7x | 21.3x | 1.5x |
| Fri, 27 Feb 2026 | ₹23.5t | ₹14.2t | ₹987.8b | 20.9x | 23.8x | 1.7x |
| Sun, 25 Jan 2026 | ₹22.4t | ₹13.9t | ₹963.2b | 21.4x | 23.2x | 1.6x |
| Tue, 23 Dec 2025 | ₹20.7t | ₹13.7t | ₹931.7b | 22.3x | 22.2x | 1.5x |
| Thu, 20 Nov 2025 | ₹19.9t | ₹13.7t | ₹932.4b | 22.9x | 21.3x | 1.5x |
| Sat, 18 Oct 2025 | ₹19.7t | ₹13.3t | ₹897.3b | 23.1x | 22x | 1.5x |
| Mon, 15 Sep 2025 | ₹19.1t | ₹13.2t | ₹894.3b | 23.2x | 21.3x | 1.4x |
| Wed, 13 Aug 2025 | ₹17.9t | ₹13.1t | ₹877.9b | 22.8x | 20.4x | 1.4x |
| Fri, 11 Jul 2025 | ₹18.1t | ₹13.0t | ₹842.2b | 23.3x | 21.5x | 1.4x |
| Sun, 08 Jun 2025 | ₹18.2t | ₹13.0t | ₹841.1b | 22.6x | 21.7x | 1.4x |
| Tue, 06 May 2025 | ₹16.6t | ₹12.9t | ₹791.9b | 20.5x | 20.9x | 1.3x |
| Thu, 03 Apr 2025 | ₹17.6t | ₹12.8t | ₹775.7b | 20.5x | 22.7x | 1.4x |
| Sat, 01 Mar 2025 | ₹15.7t | ₹12.8t | ₹775.8b | 19.3x | 20.2x | 1.2x |
| Mon, 27 Jan 2025 | ₹17.0t | ₹12.6t | ₹739.3b | 23.7x | 23x | 1.3x |
| Wed, 25 Dec 2024 | ₹17.7t | ₹12.6t | ₹755.4b | 26x | 23.4x | 1.4x |
| Fri, 22 Nov 2024 | ₹17.3t | ₹12.7t | ₹759.6b | 23.8x | 22.8x | 1.4x |
| Sun, 20 Oct 2024 | ₹18.9t | ₹12.7t | ₹643.6b | 27.1x | 29.4x | 1.5x |
| Tue, 17 Sep 2024 | ₹18.9t | ₹12.7t | ₹639.3b | 26.3x | 29.6x | 1.5x |
| Thu, 15 Aug 2024 | ₹17.6t | ₹12.7t | ₹638.8b | 25x | 27.6x | 1.4x |
| Sat, 13 Jul 2024 | ₹19.1t | ₹12.6t | ₹624.6b | 24.8x | 30.6x | 1.5x |
| Mon, 10 Jun 2024 | ₹18.9t | ₹12.6t | ₹636.3b | 25.1x | 29.7x | 1.5x |
| Wed, 08 May 2024 | ₹16.9t | ₹12.6t | ₹665.4b | 23.7x | 25.4x | 1.3x |
| Fri, 05 Apr 2024 | ₹15.7t | ₹12.7t | ₹671.9b | 24.2x | 23.3x | 1.2x |
| Sun, 03 Mar 2024 | ₹14.9t | ₹12.7t | ₹672.0b | 23.7x | 22.2x | 1.2x |
| Tue, 30 Jan 2024 | ₹14.8t | ₹12.9t | ₹647.3b | 23.9x | 22.9x | 1.1x |
| Thu, 28 Dec 2023 | ₹14.4t | ₹12.9t | ₹597.0b | 22.4x | 24.2x | 1.1x |
| Sat, 25 Nov 2023 | ₹13.1t | ₹12.9t | ₹596.3b | 20.8x | 21.9x | 1x |
| Mon, 23 Oct 2023 | ₹12.6t | ₹12.8t | ₹661.0b | 20.1x | 19.1x | 1x |
| Wed, 20 Sep 2023 | ₹12.8t | ₹12.8t | ₹628.5b | 18.7x | 20.4x | 1x |
| Fri, 18 Aug 2023 | ₹11.9t | ₹12.8t | ₹629.9b | 16.5x | 18.9x | 0.9x |
Price to Earnings Ratio
18.9x
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 18.6x 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 26% per year over the last three years.
- Revenues for these companies have grown 4.7% 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 | 1.27% | |
| Materials | 2.84% | |
| Metals and Mining | 4.15% | |
| Gold | 9.15% | |
| Copper | 8.96% | |
| Diversified Metals and Mining | 8.73% | |
| Aluminum | 8.11% | |
| Steel | 1.93% | |
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 4.9% 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 4.9% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500188 Hindustan Zinc | ₹594.90 | 8.9% +₹205.8b | 42.6% | PE14.7x | |
| 500440 Hindalco Industries | ₹1.05k | 5.6% +₹122.1b | 55.6% | PE14.1x | |
| VEDL Vedanta | ₹283.65 | 6.1% +₹64.0b | -34.1% | PE16.3x | |
| VAML Vedanta Aluminium Metal | ₹472.60 | 2.8% +₹49.5b | n/a | PE48x | |
| 500228 JSW Steel | ₹1.30k | 1.3% +₹39.1b | 23.1% | PE12.8x |
