Here's Why Jindal Steel & Power (NSE:JINDALSTEL) Can Manage Its Debt Responsibly
May 22
Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedJun 02, 2024
DataAggregated Company Financials
Companies188
- 7D-3.4%
- 3M23.2%
- 1Y76.5%
- YTD27.6%
Over the last 7 days, the Metals and Mining industry has dropped 3.4%, driven by Hindustan Zinc declining 7.3%. Meanwhile, Jindal Stainless actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 77%. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Sun, 02 Jun 2024 | ₹18.5t | ₹12.6t | ₹637.3b | 24.2x | 29.1x | 1.5x |
| Tue, 30 Apr 2024 | ₹17.2t | ₹12.6t | ₹664.5b | 25.4x | 25.9x | 1.4x |
| Thu, 28 Mar 2024 | ₹14.5t | ₹12.7t | ₹672.0b | 21.5x | 21.5x | 1.1x |
| Sat, 24 Feb 2024 | ₹14.8t | ₹12.7t | ₹671.9b | 23.7x | 22x | 1.2x |
| Mon, 22 Jan 2024 | ₹14.6t | ₹12.9t | ₹603.3b | 24.3x | 24.2x | 1.1x |
| Wed, 20 Dec 2023 | ₹14.2t | ₹12.9t | ₹596.9b | 22.5x | 23.8x | 1.1x |
| Fri, 17 Nov 2023 | ₹12.9t | ₹12.9t | ₹596.6b | 21.1x | 21.6x | 1x |
| Sun, 15 Oct 2023 | ₹12.8t | ₹12.8t | ₹627.8b | 20.2x | 20.3x | 1x |
| Tue, 12 Sep 2023 | ₹13.0t | ₹12.8t | ₹628.2b | 19.2x | 20.8x | 1x |
| Thu, 10 Aug 2023 | ₹12.2t | ₹12.8t | ₹643.8b | 16.8x | 19x | 1x |
| Sat, 08 Jul 2023 | ₹11.5t | ₹12.8t | ₹727.7b | 15.4x | 15.8x | 0.9x |
| Mon, 05 Jun 2023 | ₹10.6t | ₹12.8t | ₹731.9b | 15.1x | 14.5x | 0.8x |
| Wed, 03 May 2023 | ₹10.6t | ₹12.7t | ₹929.4b | 14.6x | 11.4x | 0.8x |
| Fri, 31 Mar 2023 | ₹10.1t | ₹12.8t | ₹915.5b | 13.3x | 11x | 0.8x |
| Sun, 26 Feb 2023 | ₹10.3t | ₹12.8t | ₹915.9b | 13.5x | 11.3x | 0.8x |
| Tue, 24 Jan 2023 | ₹11.1t | ₹12.7t | ₹1.1t | 15.1x | 9.8x | 0.9x |
| Thu, 22 Dec 2022 | ₹10.3t | ₹12.7t | ₹1.2t | 13.6x | 8.8x | 0.8x |
| Sat, 19 Nov 2022 | ₹10.0t | ₹12.7t | ₹1.2t | 12.6x | 8.5x | 0.8x |
| Mon, 17 Oct 2022 | ₹9.3t | ₹12.4t | ₹1.5t | 13.2x | 6.2x | 0.8x |
| Wed, 14 Sep 2022 | ₹9.6t | ₹12.4t | ₹1.5t | 13.9x | 6.4x | 0.8x |
| Fri, 12 Aug 2022 | ₹9.2t | ₹12.3t | ₹1.5t | 12.2x | 6.1x | 0.7x |
| Sun, 10 Jul 2022 | ₹8.1t | ₹11.6t | ₹1.6t | 12.3x | 5.1x | 0.7x |
| Tue, 07 Jun 2022 | ₹9.2t | ₹11.6t | ₹1.6t | 12.6x | 5.7x | 0.8x |
| Thu, 05 May 2022 | ₹10.7t | ₹10.7t | ₹1.5t | 13.9x | 7x | 1x |
| Sat, 02 Apr 2022 | ₹11.2t | ₹10.6t | ₹1.5t | 13x | 7.4x | 1.1x |
| Mon, 28 Feb 2022 | ₹10.0t | ₹10.9t | ₹1.6t | 11.8x | 6.3x | 0.9x |
| Wed, 26 Jan 2022 | ₹9.8t | ₹10.2t | ₹1.5t | 14.2x | 6.6x | 1x |
| Fri, 24 Dec 2021 | ₹10.0t | ₹10.0t | ₹1.5t | 12x | 6.7x | 1x |
| Sun, 21 Nov 2021 | ₹9.8t | ₹10.0t | ₹1.5t | 12x | 6.6x | 1x |
| Tue, 19 Oct 2021 | ₹11.4t | ₹9.0t | ₹1.2t | 12.8x | 9.9x | 1.3x |
| Thu, 16 Sep 2021 | ₹10.5t | ₹9.0t | ₹1.1t | 11.4x | 9.2x | 1.2x |
| Sat, 14 Aug 2021 | ₹10.7t | ₹9.0t | ₹1.1t | 11.9x | 9.3x | 1.2x |
| Wed, 09 Jun 2021 | ₹9.5t | ₹7.7t | ₹678.7b | 12.1x | 14x | 1.2x |
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 declined 2.1% per year 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | -1.89% | |
| Materials | -2.85% | |
| Metals and Mining | -3.36% | |
| Aluminum | 1.59% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -3.24% | |
| Copper | -4.19% | |
| Gold | -4.69% | |
| Diversified Metals and Mining | -5.45% | |
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 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| JSL Jindal Stainless | ₹793.50 | 12.5% +₹72.6b | 173.1% | PE24.1x | |
| 500440 Hindalco Industries | ₹689.25 | 2.4% +₹35.9b | 63.8% | PE15.1x | |
| 520111 Ratnamani Metals & Tubes | ₹3.40k | 2.7% +₹6.4b | 47.6% | PE38.3x | |
| GPIL Godawari Power & Ispat | ₹967.10 | 4.4% +₹5.5b | 163.3% | PE14x | |
| 500245 Kirloskar Ferrous Industries | ₹685.80 | 4.4% +₹4.1b | 55.0% | PE40.2x |