Metal sector stocks in India
The metal sector at a glance: how its index is performing, how many of its 161 tracked stocks are in uptrends, how it is valued, and which companies lead and lag.
Data as of 21 Sep 2026 close
Index trend: Range
The Nifty Metal index has returned -0.7% over one month, -0.4% over three months and +31.2% over a year, and is currently in a range.
Of the 161 metal stocks we track, 54% trade above their 200-day moving average and 46% above their 50-day average; 9 made a new 52-week high in the latest session.
The median P/E of profitable metal companies with market cap above ₹500 Cr is 31.1, with a median ROE of 12.4%.
Nifty Metal index performance
Index close
12,972.70
-0.61% today
Return 1 month
-0.67%
Return 3 months
-0.37%
Return 6 months
+14.62%
Return 1 year
+31.25%
Breadth: how many metal stocks are trending up
Stocks tracked
161
Above 20-DMA
39.8%
Above 50-DMA
46.0%
Above 200-DMA
54.5%
Average RSI
47.9
Median 3M return
-2.6%
52-week highs / lows
9 / 1
Breakouts / breakdowns
10 / 6
Technical breakdown of the metal sector →
Best 1-month performers
| Stock | 1M | Score |
|---|---|---|
| VENUSPIPESVenus Pipes & Tubes Limited | +44.8% | 80 |
| GEEKAYWIREGeekay Wires Limited | +38.5% | 73 |
| WELCORPWelspun Corp Limited | +37.8% | 73 |
| KALYANIFRGKalyani Forge Limited | +36.3% | 58 |
| MANAKSTEELManaksia Steels Limited | +27.2% | 68 |
| MANINDSMan Industries (India) Limited | +27.0% | 75 |
| KAMDHENUKamdhenu Limited | +26.2% | 87 |
| RATNAVEERRatnaveer Precision Engineering Limited | +24.3% | 75 |
Weakest 1-month performers
| Stock | 1M | Score |
|---|---|---|
| HEGHEG Limited | -65.1% | 14 |
| SALASARSalasar Techno Engineering Limited | -19.1% | 14 |
| ORISSAMINEThe Orissa Minerals Development Company Limited | -17.9% | 11 |
| SHAHShah Metacorp Limited | -16.7% | 15 |
| RHETANRhetan TMT Limited | -15.6% | 1 |
| VISLVedanta Iron and Steel Limited | -15.2% | 22 |
| IMFAIndian Metals & Ferro Alloys Limited | -12.9% | 22 |
| SOUTHWESTSouth West Pinnacle Exploration Limited | -12.0% | 15 |
Largest metal companies by market cap
Across 135 metal companies above ₹500 Cr: median P/E 31.1, median ROE 12.4%, median 3-year sales growth 7%.
| # | Company | Market cap | P/E | ROE | Debt/Eq | Sales CAGR 3Y | Return 6M |
|---|---|---|---|---|---|---|---|
| 1 | JSW Steel LimitedJSWSTEEL · Steel - Large | ₹309,643 Cr | 11.06 | 28.0% | 0.99 | +4.0% | +9.7% |
| 2 | Coal India LimitedCOALINDIA · Mining / Minerals / Metals | ₹255,568 Cr | 7.75 | 27.7% | 0.12 | +7.0% | -6.5% |
| 3 | Hindustan Zinc LimitedHINDZINC · Mining / Minerals / Metals | ₹250,054 Cr | 14.65 | 75.4% | 0.39 | +6.0% | +14.3% |
| 4 | Tata Steel LimitedTATASTEEL · Steel - Large | ₹228,779 Cr | 20.31 | 11.0% | 0.90 | -2.0% | -6.7% |
| 5 | Hindalco Industries LimitedHINDALCO · Aluminium and Aluminium Products | ₹217,810 Cr | 13.28 | 12.0% | 0.73 | +7.0% | +13.0% |
| 6 | Vedanta Aluminium Metal LimitedVAML · Aluminium | ₹161,261 Cr | — | — | — | — | -16.7% |
| 7 | JINDAL STEEL LIMITEDJINDALSTEL · Steel - Sponge Iron | ₹115,037 Cr | 42.46 | 5.3% | 0.44 | +0.0% | -1.1% |
| 8 | Lloyds Metals And Energy LimitedLLOYDSME · Mining / Minerals / Metals | ₹102,650 Cr | 20.86 | 35.5% | 1.49 | +72.0% | +39.5% |
| 9 | Vedanta LimitedVEDL · Mining / Minerals / Metals | ₹101,720 Cr | 3.56 | 57.5% | 0.56 | -19.0% | -61.1% |
| 10 | Bharat Forge LimitedBHARATFORG · Castings & Forgings | ₹94,131 Cr | 131.58 | 7.5% | 0.76 | +9.0% | +13.4% |
| 11 | Steel Authority of India LimitedSAIL · Steel - Large | ₹73,234 Cr | 17.14 | 7.1% | 0.53 | +2.0% | +16.9% |
| 12 | Welspun Corp LimitedWELCORP · Steel - Large | ₹72,853 Cr | 31.42 | 25.3% | 0.26 | +20.0% | +230.6% |
| 13 | NMDC LimitedNMDC · Mining / Minerals / Metals | ₹70,159 Cr | 9.41 | 21.9% | 0.19 | +22.0% | +2.5% |
| 14 | National Aluminium Company LimitedNATIONALUM · Aluminium and Aluminium Products | ₹64,741 Cr | 9.59 | 31.2% | 0.00 | +8.0% | -4.0% |
| 15 | Jindal Stainless LimitedJSL · Steel - Large | ₹61,916 Cr | 19.12 | 16.4% | 0.38 | +6.0% | +3.8% |
| 16 | APL Apollo Tubes LimitedAPLAPOLLO · Steel - Large | ₹60,560 Cr | 49.29 | 23.2% | 0.09 | +13.0% | +9.1% |
| 17 | Tube Investments of India LimitedTIINDIA · Steel - Large | ₹50,097 Cr | 45.17 | 14.3% | 0.10 | +15.0% | -3.5% |
| 18 | Hindustan Copper LimitedHINDCOPPER · Mining / Minerals / Metals | ₹48,733 Cr | 42.80 | 34.1% | 0.03 | +22.0% | +4.9% |
| 19 | AIA Engineering LimitedAIAENG · Castings & Forgings | ₹36,778 Cr | 29.09 | 15.8% | 0.00 | -3.0% | +13.0% |
| 20 | PTC Industries LimitedPTCIL · Castings & Forgings | ₹33,433 Cr | 266.76 | 8.3% | 0.17 | +40.0% | +35.6% |
Compare metal leaders
JSW Steel vs Tata SteelCoal India vs Hindustan ZincJSW Steel vs Steel AuthorityCoal India vs Lloyds MetalsHindustan Zinc vs Lloyds MetalsTata Steel vs Steel AuthorityHindalco Industries vs National AluminiumBharat Forge vs AIA EngineeringBharat Forge vs PTC IndustriesAIA Engineering vs PTC IndustriesCarborundum Universal vs Grindwell NortonRatnamani Metals vs Sarda Energy
Industries in this sector
Iron & Steel Products (66)Steel - Medium / Small (61)Castings & Forgings (34)Mining / Minerals / Metals (32)Steel - Large (15)Aluminium and Aluminium Products (9)Aluminium (8)Trading - Metals (7)Aluminium, Copper & Zinc Products (7)Refractories / Intermediates (7)Steel - Sponge Iron (5)Electrodes & Refractories (3)Iron & Steel (3)Abrasives And Grinding Wheels (3)Diversified Metals (2)Electrodes - Graphites (2)
