Returns At Steel Authority of India (NSE:SAIL) Appear To Be Weighed Down
May 01
Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies187
- 7D-0.3%
- 3M14.1%
- 1Y62.4%
- YTD18.2%
Over the last 7 days, the Metals and Mining industry has dropped 1.4%, driven by a pullback from JSW Steel of 2.0%. In contrast, Hindustan Zinc has gained 11%. In the past year, the industry has gained 59%. As for the next few years, earnings are expected to grow by 35% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹17.2t | ₹12.6t | ₹666.9b | 23.8x | 25.7x | 1.4x |
| Sat, 06 Apr 2024 | ₹15.7t | ₹12.7t | ₹671.9b | 24.3x | 23.4x | 1.2x |
| Mon, 04 Mar 2024 | ₹15.1t | ₹12.7t | ₹672.0b | 23.9x | 22.5x | 1.2x |
| Wed, 31 Jan 2024 | ₹14.8t | ₹12.9t | ₹647.7b | 23.6x | 22.9x | 1.1x |
| Fri, 29 Dec 2023 | ₹14.6t | ₹12.9t | ₹597.0b | 22.7x | 24.4x | 1.1x |
| Sun, 26 Nov 2023 | ₹13.1t | ₹12.9t | ₹596.3b | 20.8x | 21.9x | 1x |
| Tue, 24 Oct 2023 | ₹12.2t | ₹12.8t | ₹661.0b | 19.2x | 18.4x | 0.9x |
| Thu, 21 Sep 2023 | ₹12.6t | ₹12.8t | ₹628.5b | 18.6x | 20.1x | 1x |
| Sat, 19 Aug 2023 | ₹11.8t | ₹12.8t | ₹629.9b | 16.6x | 18.8x | 0.9x |
| Mon, 17 Jul 2023 | ₹11.8t | ₹12.8t | ₹727.7b | 15.7x | 16.2x | 0.9x |
| Wed, 14 Jun 2023 | ₹11.0t | ₹12.8t | ₹731.4b | 15.4x | 15x | 0.9x |
| Fri, 12 May 2023 | ₹10.6t | ₹12.6t | ₹824.6b | 15.2x | 12.9x | 0.8x |
| Sun, 09 Apr 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 14.7x | 11.2x | 0.8x |
| Tue, 07 Mar 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 13.8x | 11.3x | 0.8x |
| Thu, 02 Feb 2023 | ₹10.9t | ₹12.7t | ₹1.1t | 14.1x | 10.1x | 0.9x |
| Sat, 31 Dec 2022 | ₹10.6t | ₹12.7t | ₹1.2t | 14.1x | 9.1x | 0.8x |
| Mon, 28 Nov 2022 | ₹10.0t | ₹12.7t | ₹1.2t | 13.2x | 8.5x | 0.8x |
| Wed, 26 Oct 2022 | ₹9.3t | ₹12.5t | ₹1.4t | 13.1x | 6.6x | 0.7x |
| Fri, 23 Sep 2022 | ₹9.5t | ₹12.4t | ₹1.5t | 13.4x | 6.4x | 0.8x |
| Sun, 21 Aug 2022 | ₹9.3t | ₹12.3t | ₹1.5t | 12.5x | 6.2x | 0.8x |
| Tue, 19 Jul 2022 | ₹8.2t | ₹11.7t | ₹1.6t | 12.6x | 5.2x | 0.7x |
| Thu, 16 Jun 2022 | ₹8.6t | ₹11.6t | ₹1.6t | 12.3x | 5.3x | 0.7x |
| Sat, 14 May 2022 | ₹9.1t | ₹10.9t | ₹1.6t | 12.2x | 5.7x | 0.8x |
| Mon, 11 Apr 2022 | ₹11.7t | ₹10.6t | ₹1.5t | 14.1x | 7.7x | 1.1x |
| Wed, 09 Mar 2022 | ₹10.7t | ₹10.9t | ₹1.6t | 12.2x | 6.7x | 1x |
| Fri, 04 Feb 2022 | ₹10.4t | ₹10.4t | ₹1.5t | 14x | 6.9x | 1x |
| Sun, 02 Jan 2022 | ₹10.0t | ₹10.0t | ₹1.5t | 13.3x | 6.8x | 1x |
| Tue, 30 Nov 2021 | ₹9.6t | ₹10.0t | ₹1.5t | 10.8x | 6.5x | 1x |
| Thu, 28 Oct 2021 | ₹10.4t | ₹9.2t | ₹1.2t | 12x | 8.5x | 1.1x |
| Sat, 25 Sep 2021 | ₹9.9t | ₹9.0t | ₹1.1t | 11.3x | 8.6x | 1.1x |
| Mon, 23 Aug 2021 | ₹9.7t | ₹9.0t | ₹1.1t | 10.5x | 8.4x | 1.1x |
| Sat, 10 Jul 2021 | ₹9.7t | ₹9.0t | ₹1.1t | 10.6x | 8.5x | 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 25.4x which is higher than its 3-year average PE of 12.3x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
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 | -1.48% | |
| Materials | -1.92% | |
| Metals and Mining | -0.28% | |
| Diversified Metals and Mining | 6.23% | |
| Gold | 2.77% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -1.82% | |
| Aluminum | -1.87% | |
| Copper | -4.18% | |
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 10.1x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 17% 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 | ₹472.20 | 10.6% +₹191.6b | 50.3% | PE25.7x | |
| 526371 NMDC | ₹266.85 | 4.9% +₹36.8b | 145.7% | PE12.2x | |
| VEDL Vedanta | ₹404.85 | 1.8% +₹26.0b | 41.6% | PE35.5x | |
| 500470 Tata Steel | ₹166.05 | 0.7% +₹13.7b | 52.1% | PS0.9x | |
| 504614 Sarda Energy & Minerals | ₹273.75 | 3.5% +₹3.2b | 139.8% | PE17.5x |