Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies188
- 7D-3.2%
- 3M31.7%
- 1Y81.5%
- YTD30.1%
Over the last 7 days, the Metals and Mining industry has risen 2.3%, driven by gains in Gravita India and Jindal Stainless of 19% and 1.8%, respectively. During this same period, the Vedanta underperformed, falling 7.5%. This takes the industry's 12 month performance to a gain of 80%. Looking forward, earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Tue, 04 Jul 2023 | ₹11.3t | ₹12.8t | ₹727.2b | 15.1x | 15.5x | 0.9x |
| Thu, 01 Jun 2023 | ₹10.5t | ₹12.7t | ₹730.6b | 14.9x | 14.3x | 0.8x |
| Sat, 29 Apr 2023 | ₹10.6t | ₹12.7t | ₹930.6b | 14.6x | 11.4x | 0.8x |
| Mon, 27 Mar 2023 | ₹10.1t | ₹12.8t | ₹915.5b | 13.5x | 11x | 0.8x |
| Wed, 22 Feb 2023 | ₹10.7t | ₹12.8t | ₹915.9b | 13.9x | 11.6x | 0.8x |
| Fri, 20 Jan 2023 | ₹11.3t | ₹12.7t | ₹1.2t | 14.8x | 9.7x | 0.9x |
| Sun, 18 Dec 2022 | ₹10.4t | ₹12.7t | ₹1.2t | 13.8x | 8.9x | 0.8x |
| Tue, 15 Nov 2022 | ₹10.1t | ₹12.7t | ₹1.2t | 13.1x | 8.5x | 0.8x |
| Thu, 13 Oct 2022 | ₹9.3t | ₹12.4t | ₹1.5t | 12.7x | 6.3x | 0.8x |
| Sat, 10 Sep 2022 | ₹9.5t | ₹12.4t | ₹1.5t | 13.7x | 6.3x | 0.8x |
| Mon, 08 Aug 2022 | ₹9.0t | ₹12.1t | ₹1.5t | 12.1x | 6x | 0.7x |
| Wed, 06 Jul 2022 | ₹7.8t | ₹11.6t | ₹1.6t | 12.4x | 4.9x | 0.7x |
| Fri, 03 Jun 2022 | ₹9.2t | ₹11.6t | ₹1.6t | 12.6x | 5.7x | 0.8x |
| Sun, 01 May 2022 | ₹11.0t | ₹10.7t | ₹1.5t | 13.7x | 7.2x | 1x |
| Tue, 29 Mar 2022 | ₹11.2t | ₹10.6t | ₹1.5t | 12.9x | 7.4x | 1.1x |
| Thu, 24 Feb 2022 | ₹10.0t | ₹10.9t | ₹1.6t | 12.6x | 6.3x | 0.9x |
| Sat, 22 Jan 2022 | ₹10.3t | ₹10.1t | ₹1.5t | 14.4x | 6.9x | 1x |
| Mon, 20 Dec 2021 | ₹9.9t | ₹10.0t | ₹1.5t | 11.4x | 6.7x | 1x |
| Wed, 17 Nov 2021 | ₹10.1t | ₹10.0t | ₹1.5t | 11.3x | 6.9x | 1x |
| Fri, 15 Oct 2021 | ₹10.8t | ₹9.0t | ₹1.2t | 12.6x | 9.4x | 1.2x |
| Sun, 12 Sep 2021 | ₹10.4t | ₹9.0t | ₹1.1t | 11.5x | 9.1x | 1.2x |
| Tue, 10 Aug 2021 | ₹10.3t | ₹9.0t | ₹1.1t | 11.6x | 8.9x | 1.1x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are optimistic on the Indian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.1x which is higher than its 3-year average PE of 12.6x.
- The 3-year average PS ratio of 0.97x 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 18% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | 0.40% | |
| Materials | -1.47% | |
| Metals and Mining | -3.16% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Gold | -0.69% | |
| Aluminum | -2.23% | |
| Steel | -2.58% | |
| Diversified Metals and Mining | -4.63% | |
| Copper | -6.37% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Aluminum industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.2x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| GRAVITA Gravita India | ₹1.13k | 18.7% +₹12.0b | 87.2% | PE31.9x | |
| JSL Jindal Stainless | ₹714.10 | 1.8% +₹10.3b | 152.5% | PE21.7x | |
| 500470 Tata Steel | ₹174.85 | 0.3% +₹6.9b | 63.2% | PS0.9x | |
| 517146 Usha Martin | ₹354.80 | 3.8% +₹3.9b | 52.9% | PE25.5x | |
| 522241 M M Forgings | ₹1.26k | 11.7% +₹3.2b | 48.4% | PE23.8x |