Jai Balaji Industries (NSE:JAIBALAJI) Has A Rock Solid Balance Sheet
Oct 26
Indian (NIFTY) Metals and Mining Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies191
- 7D-3.9%
- 3M-1.7%
- 1Y27.5%
- YTD8.9%
Over the last 7 days, the Metals and Mining industry has dropped 3.9%, driven by Hindustan Zinc declining 3.4%. On the other hand Jindal Saw is actually up 13%. Over the past 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹12.1t | ₹12.9t | ₹665.8b | 19.1x | 18.2x | 0.9x |
| Wed, 27 Sep 2023 | ₹12.5t | ₹12.8t | ₹628.5b | 18.7x | 19.9x | 1x |
| Fri, 25 Aug 2023 | ₹12.1t | ₹12.8t | ₹629.7b | 17x | 19.2x | 0.9x |
| Sun, 23 Jul 2023 | ₹11.8t | ₹12.8t | ₹713.7b | 15.8x | 16.5x | 0.9x |
| Tue, 20 Jun 2023 | ₹11.2t | ₹12.8t | ₹731.5b | 15.2x | 15.2x | 0.9x |
| Thu, 18 May 2023 | ₹10.4t | ₹12.6t | ₹776.6b | 14.8x | 13.4x | 0.8x |
| Sat, 15 Apr 2023 | ₹10.5t | ₹12.8t | ₹915.6b | 14.7x | 11.5x | 0.8x |
| Mon, 13 Mar 2023 | ₹10.3t | ₹12.8t | ₹915.5b | 13.6x | 11.3x | 0.8x |
| Wed, 08 Feb 2023 | ₹10.5t | ₹12.7t | ₹965.0b | 13.4x | 10.8x | 0.8x |
| Fri, 06 Jan 2023 | ₹10.7t | ₹12.7t | ₹1.2t | 14.1x | 9.2x | 0.8x |
| Sun, 04 Dec 2022 | ₹10.4t | ₹12.7t | ₹1.2t | 13.7x | 8.8x | 0.8x |
| Tue, 01 Nov 2022 | ₹9.3t | ₹12.6t | ₹1.4t | 12.9x | 6.7x | 0.7x |
| Thu, 29 Sep 2022 | ₹8.7t | ₹12.4t | ₹1.5t | 12.7x | 5.8x | 0.7x |
| Sat, 27 Aug 2022 | ₹9.4t | ₹12.3t | ₹1.5t | 12.7x | 6.3x | 0.8x |
| Mon, 25 Jul 2022 | ₹8.5t | ₹11.7t | ₹1.6t | 12.6x | 5.4x | 0.7x |
| Wed, 22 Jun 2022 | ₹8.0t | ₹11.6t | ₹1.6t | 11.6x | 5x | 0.7x |
| Fri, 20 May 2022 | ₹9.4t | ₹11.1t | ₹1.6t | 12.5x | 5.9x | 0.8x |
| Sun, 17 Apr 2022 | ₹11.6t | ₹10.7t | ₹1.5t | 13.8x | 7.6x | 1.1x |
| Tue, 15 Mar 2022 | ₹10.8t | ₹10.9t | ₹1.6t | 12.6x | 6.8x | 1x |
| Thu, 10 Feb 2022 | ₹10.7t | ₹10.7t | ₹1.6t | 13.5x | 6.8x | 1x |
| Sat, 08 Jan 2022 | ₹10.3t | ₹10.0t | ₹1.5t | 13.7x | 7x | 1x |
| Mon, 06 Dec 2021 | ₹9.8t | ₹10.0t | ₹1.5t | 10.9x | 6.7x | 1x |
| Wed, 03 Nov 2021 | ₹10.4t | ₹9.4t | ₹1.3t | 34.9x | 8.2x | 1.1x |
| Fri, 01 Oct 2021 | ₹10.0t | ₹9.0t | ₹1.2t | 11.5x | 8.7x | 1.1x |
| Sun, 29 Aug 2021 | ₹10.0t | ₹9.0t | ₹1.1t | 11x | 8.7x | 1.1x |
| Mon, 05 Jul 2021 | ₹9.7t | ₹9.0t | ₹1.1t | 10.6x | 8.5x | 1.1x |
| Thu, 08 Apr 2021 | ₹7.2t | ₹7.7t | ₹678.7b | 10x | 10.6x | 0.9x |
| Sun, 10 Jan 2021 | ₹5.8t | ₹7.0t | ₹230.7b | 13.4x | 25.3x | 0.8x |
Price to Earnings Ratio
84.9x
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 18.2x which is higher than its 3-year average PE of 16.1x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 132% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -2.60% | |
| Materials | -4.03% | |
| Metals and Mining | -3.87% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -3.44% | |
| Diversified Metals and Mining | -3.46% | |
| Steel | -3.96% | |
| Gold | -4.65% | |
| Copper | -8.55% | |
Industry PE
- Investors are most optimistic about the Copper industry, which is trading close to its 3-year average PE ratio of 49.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 500378 Jindal Saw | ₹412.55 | 13.0% +₹15.1b | 429.6% | PE14.7x | |
| 526371 NMDC | ₹155.85 | 3.1% +₹13.8b | 56.3% | PE7.9x | |
| 520111 Ratnamani Metals & Tubes | ₹2.79k | 5.7% +₹10.5b | 35.5% | PE35.1x | |
| VEDL Vedanta | ₹216.45 | 0.7% +₹5.2b | -22.9% | PE9.1x | |
| SURYAROSNI Surya Roshni | ₹570.70 | 9.0% +₹5.1b | 173.5% | PE16.5x |
