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Indian (NIFTY) Metals and Mining Industry Analysis

UpdatedAug 21, 2026
DataAggregated Company Financials
Companies232
  • 7D0.1%
  • 3M-3.6%
  • 1Y19.2%
  • YTD1.2%

The Metals and Mining industry has been flat over the last week, but Vedanta Aluminium Metal has lost 3.3%. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Aug 2026₹22.7t₹14.8t₹1.3t19.5x17.9x1.5x
Sun, 19 Jul 2026₹21.3t₹14.1t₹1.1t20.6x18.6x1.5x
Tue, 16 Jun 2026₹22.5t₹14.0t₹1.1t21.4x20.3x1.6x
Thu, 14 May 2026₹23.6t₹13.6t₹945.8b22.6x25x1.7x
Sat, 11 Apr 2026₹23.4t₹14.2t₹988.1b21.8x23.7x1.7x
Mon, 09 Mar 2026₹22.7t₹14.2t₹987.7b20.6x23x1.6x
Wed, 04 Feb 2026₹22.8t₹14.0t₹972.8b21.7x23.5x1.6x
Fri, 02 Jan 2026₹21.8t₹13.7t₹929.8b23.9x23.5x1.6x
Sun, 30 Nov 2025₹19.8t₹13.7t₹931.8b22.4x21.2x1.4x
Tue, 28 Oct 2025₹20.1t₹13.3t₹910.9b23.1x22.1x1.5x
Thu, 25 Sep 2025₹19.3t₹13.2t₹894.7b23.7x21.6x1.5x
Sat, 23 Aug 2025₹18.2t₹13.2t₹895.5b23.9x20.4x1.4x
Mon, 21 Jul 2025₹18.3t₹13.0t₹856.5b23.4x21.3x1.4x
Wed, 18 Jun 2025₹17.9t₹13.0t₹841.2b22.6x21.3x1.4x
Fri, 16 May 2025₹17.7t₹12.9t₹800.0b22.1x22.1x1.4x
Sun, 13 Apr 2025₹15.9t₹12.8t₹775.7b19.5x20.5x1.2x
Tue, 11 Mar 2025₹16.9t₹12.8t₹775.7b20.5x21.8x1.3x
Thu, 06 Feb 2025₹16.9t₹12.7t₹748.2b23.4x22.5x1.3x
Sat, 04 Jan 2025₹17.8t₹12.7t₹757.9b25.8x23.5x1.4x
Mon, 02 Dec 2024₹18.0t₹12.6t₹755.4b26x23.8x1.4x
Wed, 30 Oct 2024₹18.2t₹12.7t₹619.2b24.6x29.4x1.4x
Fri, 27 Sep 2024₹19.3t₹12.7t₹637.8b26.8x30.3x1.5x
Sun, 25 Aug 2024₹18.2t₹12.7t₹641.2b26.3x28.4x1.4x
Tue, 23 Jul 2024₹18.4t₹12.7t₹609.8b24.8x30.2x1.5x
Thu, 20 Jun 2024₹18.8t₹12.6t₹622.9b25.3x30.2x1.5x
Sat, 18 May 2024₹18.3t₹12.6t₹667.5b23.7x27.5x1.4x
Mon, 15 Apr 2024₹16.5t₹12.7t₹671.9b23.9x24.6x1.3x
Wed, 13 Mar 2024₹14.5t₹12.7t₹672.0b21.4x21.5x1.1x
Fri, 09 Feb 2024₹15.1t₹12.7t₹655.2b24.7x23.1x1.2x
Sun, 07 Jan 2024₹14.6t₹12.9t₹597.0b22.7x24.5x1.1x
Tue, 05 Dec 2023₹13.5t₹12.9t₹596.3b21.1x22.7x1x
Thu, 02 Nov 2023₹12.0t₹12.9t₹678.7b19x17.7x0.9x
Sat, 30 Sep 2023₹12.6t₹12.8t₹628.5b18.7x20.1x1x
Mon, 28 Aug 2023₹12.0t₹12.8t₹628.0b17.3x19.1x0.9x
Price to Earnings Ratio

19.1x


Total Market Cap: ₹12.0tTotal Earnings: ₹628.0bTotal 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 17.9x 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 26% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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-0.52%
Materials-0.75%
Metals and Mining0.12%
Gold7.91%
Copper2.86%
Steel0.75%
Diversified Metals and Mining-0.95%
Aluminum-2.06%
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 28.8%, which is higher than its past year's earnings growth of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 3.0% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 8.2% 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₹594.805.9%
+₹139.0b		40.0%PE14.7x
532144 Welspun₹2.31k23.1%
+₹114.4b		159.0%PE26.3x
500228 JSW Steel₹1.29k2.0%
+₹60.5b		22.6%PE12.7x
VEDL Vedanta₹279.004.3%
+₹44.9b		-37.2%PE16x
513599 Hindustan Copper₹572.608.3%
+₹42.3b		140.8%PE48.7x

Latest News

500470
₹182.60
Tata Steel
7D
-0.4%
1Y
15.2%
539006
₹20,637.30
PTC Industries
7D
8.3%
1Y
50.0%
NSLNISP
₹39.79
NMDC Steel
7D
-10.6%
1Y
2.7%
532144
₹2,306.40
Welspun
7D
23.1%
1Y
159.0%
Narrative Update • Aug 17

532144: Record Order Book And FY27 Guidance Will Support Balanced Earnings Visibility

The analyst price target for Welspun has been revised from ₹1,608 to ₹1,957, with analysts citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E to support the change. What’s in the News for Welspun Welspun Corp.
NATIONALUM
₹394.45
National Aluminium
7D
4.9%
1Y
108.8%
JAIBALAJI
₹63.57
Jai Balaji Industries
7D
-10.0%
1Y
-38.0%
530655
₹490.75
Goodluck India
7D
-62.9%
1Y
-56.4%
VEDL
₹279.00
Vedanta
7D
4.3%
1Y
-37.2%
Narrative Update • Aug 12

VEDL: Weaker Revenue And Margins Will Drive A Cautious Forward View

Analysts have trimmed their price target on Vedanta from ₹265 to about ₹246.58, reflecting updated assumptions around revenue growth, profit margins and future P/E that point to a slightly more conservative outlook on the stock's valuation. What's in the News for Vedanta Vedanta has scheduled a Board meeting on July 30, 2026 at 14:30 Indian Standard Time to review unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026, and to consider changes in directors and senior management, the implementation of VEDL ESOP 2026 and VEDL ESPP 2026, and related matters.
512455
₹1,864.45
Lloyds Metals and Energy
7D
-2.8%
1Y
37.6%
Narrative Update • Aug 12

512455: Board Decisions On Subsidiary Restructuring Will Support Future Upside

The analyst price target for Lloyds Metals and Energy has been revised from ₹2,008.33 to ₹2,102.86, with analysts pointing to updates in their fair value estimate, discount rate, revenue growth expectations, profit margin outlook, and future P/E assumptions as the key drivers of this change. What's in the News for Lloyds Metals and Energy Lloyds Metals and Energy has scheduled a board meeting on August 10, 2026, at 15:27 Indian Standard Time to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
JSL
₹701.35
Jindal Stainless
7D
-4.9%
1Y
-9.8%
513599
₹572.60
Hindustan Copper
7D
8.3%
1Y
140.8%
JINDALSTEL
₹1,127.80
Jindal Steel
7D
3.3%
1Y
13.1%
Narrative Update • Aug 10

JINDALSTEL: Leadership Changes And Capacity Expansion Will Support Stronger Long Term Prospects

The analyst price target for Jindal Steel has shifted from ₹1,450 to ₹1,410 as analysts factor in updated assumptions on the discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for Jindal Steel Jindal Steel appointed Mr. Sandeep Modi as Chief Financial Officer on July 24, 2026, following a Board of Directors meeting.
500188
₹594.80
Hindustan Zinc
7D
5.9%
1Y
40.0%
Narrative Update • Aug 10

500188: Leadership Changes And Low Carbon Zinc Alliances Will Support Measured Upside

Analysts have trimmed their price target for Hindustan Zinc from ₹652 to about ₹637. This reflects updated views on fair value that factor in revised assumptions for growth, margins, and future P/E multiples.
504614
₹510.45
Sarda Energy & Minerals
7D
-3.8%
1Y
-14.5%
VAML
₹440.30
Vedanta Aluminium Metal
7D
-0.8%
1Y
n/a
500228
₹1,291.80
JSW Steel
7D
2.0%
1Y
22.6%