Best Metal Stocks in India

The metal industry in India is one of the fastest-growing sectors. Currently, many people are interested in buying metal stocks. Metals are useful in various sectors, like engineering, electronics, electrical, automobile, etc. The metal industry plays a significant role in the Indian economy.

The metal industry has been divided into two sectors – ferrous metals and non-ferrous metals. If you are looking for the best stock in the metal industry, then select the stocks according to the company position and capitalization. Some of the best companies to start invest in is TATA steel, JSW steels ltd, SAIL, HCL, Bhagyanagar India Ltd, Arcotech limited, Hindustan zinc Ltd, Mewat Zinc Ltd, Sunrise Zinc Limited, Hindalco Industry, NALCO, BALCO.

Metal Industry contributes a notable percentage to the country’s GDP and has made India the leading contender amongst all the nations.  Hence this article will help you to find the best metal stocks to purchase in the Indian stock market.

Steel

In 2019 India became the second-largest crude steel producer in the world at 111.2 MT. The Government understood the metal industry’s value and showed special attention to increase its performance. As of now, the steel industry gives a notable percentage of the country’s GDP. The Ministry of steel decides to improve the volume of steel production to 300 MT by 2030.

Here are the top metal stocks India, ruling the metal industry

• TATA Steel
• JSW Steel Ltd
• SAIL

TATA Steel

Below Data as on 28th January 2021

Founder	Jamsetji Tata
Founded	25 August 1907, Jamshedpur
Headquarters	Mumbai
Market Capitalization	Rs 71832 crores
Share Price	624.00 INR
P/E Ratio	—
ROE	-0.89%
ROCE	5.49%
Face Value	Rs 10

TATA Steels is a part of the TATA Group. Dorabji Tata founded Tata Iron and Steel Company (TISCO) on 26th August 1907, and it was the first integrated steel company in Asia. TISCO inaugurated pig iron in 1911 and started producing steel on 16th February 1912.

Tata Steel is one of the biggest steel production companies globally, with a capacity of 34 million tonnes per annum (MnTPA). It is a diversified steel producer with significant operations in India, Europe, and South-East Asia.  

Tata steel has production units in 26 countries, and it is the second-largest steel producer in Europe with a capacity of 12.2 million tonnes per annum.

TATA steels have multiple units in India at different locations( Jamshedpur, Jharkhand, Kalinga Nagar, and Odisha. As of 2021, the company revenue is 1.42 lakh crores INR.

JSW Steels Ltd

Below Data as on 28th January 2021

Founder	Sajjan Jindal
Founded	1982
Headquarters	Mumbai
Market Capitalization	Rs 90924 crores
Share Price	Rs 376
P/E Ratio	33.1
ROE	12.6%
ROCE	9.10%
Face Value	Rs 1.00

JSW steels is one of the best metal stocks to purchase in India as well as abroad. It is a part of the JSW Group and was inaugurated in 1982 with a capacity of 18 MnTPA. JSW steels is the fastest-growing company in India, and its headquarters is in Mumbai. It is the second-largest private steel company in India. JSW steels have multiple plants in India at different locations (Karnataka, Tamil Nadu, and Maharashtra). The company was planning to expand its capacity to 40MnTPA. JSW steels is the best producer of coated steel in India, with a capacity of 1.8 MTPA. As of 2021, the company revenue is 73,872 crores INR.

SAIL

Below Data as on 28th January 2021

Chairman	Smt Soma Mondal
Founded	19th January 1954
Headquarters	New Delhi
Market Capitalization	Rs 23544 crores
SAIL Steel Share Price	Rs 57.00
P/E Ratio	12.6
ROE	6.43%
ROCE	8.43%
Face Value	Rs 10.00

The full form of SAIL is Steel Authority of India, and it is one of the best stocks to purchase in the metal industry for the long term. SAIL is the 3rd largest steel production company in India. It was established in 1974, and the company is based in Delhi. SAIL manufactures iron and steel at multiple plants in India at different locations(Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur). As of 2021, the company revenue is 62,569 crores INR.

Copper

Copper has been a necessary material to humans since ancient times. In fact, copper was the initial metal utilized by humans in any quantity. China mainly drives growth in this sector.  India is still importing copper from different countries. The major difficulties that members face in this production are outmoded technology, inappropriate foundation, high fixings cost, and skilled professionals shortage. Here are the best metal stocks in India in the Copper Industry 

• Hindustan Copper Limited
• Bhagyanagar India Limited
• Arcotech Limited

Hindustan Copper Limited

Below Data as on 28th January 2021

Chairman	Shri Arun Kumar Shukla
Founded	9 November 1967
Headquarters	Kolkata
Share Price	Rs 56.2
Market Capitalization	Rs 5195 cr
P/E Ratio	—
ROE	-43.8%
ROCE	-18.1%
Face Value	Rs 5.00

Hindustan Copper Ltd is the only company that produces copper for various projects like Mining, Beneficiation, Smelting, Refining, and Continuous Cast Rod. It was established on 9th November 1967 and obtained the plants and mines at Khetri, Kolihan in Rajasthan, Madya Pradesh, Jharkhand, etc. HCL’s main office is located in Kolkata. It was the first company certified with ISO 9002 for cast rod maker.

Bhagyanagar India Limited

Below Data as on 28th January 2021

CEO	Devendra Surana
Founded	1985
Headquarters	Hyderabad
Bhagyanagar india share price	Rs 30.6
Market Capitalization	Rs 98.4 Cr
P/E Ratio	88.6
ROE	0.73%
ROCE	4.95%
Face Value	Rs 2.00

Bhagyanagar India Ltd was established in 1985, and its headquarters is in Hyderabad. It is the second-largest company in India that manufactures copper products. It mainly deals with the copper rod, sheets, Busbars, pipes, etc. Bhagyanagar India Ltd has expanded its company by launching products in different sectors like telecom products, solar products, etc. This company was under the surana family.

Arcotech Limited

Below Data as on 28th January 2021

CEO	Arvind Kumar Saraf
Founded	1981
Headquarters	India
Share Price	Rs 2.15
Market Capitalization	Rs 23.4 cr
P/E Ratio	—
ROE	-41.7%
ROCE	-13.1%
Face Value	Rs 2.00

Arcotech Limited was previously known as Shri Krishna Strips Ltd, and it was started in 1981. It mainly deals with copper alloy products and aluminum products. It one of the best contenders in the metal industry that produces micro thickness foils upto 0.035mm. Apart from the copper products, it makes Nickel Brass, Nickel Silver, Aluminium Bronze, etc.

Zinc Industry

Zinc is one of the most commonly used metal next to steel, copper. Just similar to other metal industries, it is also controlled by China. In the overall world production, China has a 33.8% share. In India, zinc demand is based on the steel market. Zinc is utilized for iron and steel coats to protect them from rust. Here are the few best companies in the zinc industry.

Hindustan Zinc Ltd

Below Data as on 28th January 2021

CEO	Mr. Sunil Duggal
Founded	1966
Headquarters	Udaipur, Rajasthan, India
Market Capitalization	Rs 111253 crores
Share Price	263.00
P/E Ratio	16.3
ROE	18.0%
ROCE	21.6%
Face Value	Rs 2.00

In India, Hindustan Zinc is the biggest company, and it was started in the year 1966 as a metal corporation of India. This company is a part of Vedanta Limited, which holds 64.9% of shares in the company. As of now, Hindustan zinc owns 78% shares in the zinc industry.

Mewat Zinc Ltd

In the year 1991, Mewat zinc was developed, and it is a public sector company that provides zinc metal and related products throughout India. Industrialists and Technocrats have promoted this company.

Below Data as on 28th January 2021

Market Capitalization	Rs 512 cr
Share Price	Rs 12.8
P/E Ratio	512
ROE	1.11%
ROCE	1.39%
Face Value	Rs 10.0

Sunrise Zinc Limited

Sunrise Zinc Limited was started in 1993. It is not a registered public company which is situated in Goa. This company manufactures Electrolyte Zinc, Copper Sulphate, and GOB Zinc.

Below Data as on 28th January 2021

CEO	Pankaj Jaju
Founded	15 January 1993
Headquarters	MARGAO South Goa
Face Value	Rs 10.00

Aluminium Industry

Aluminium is one of the fastest developing industries in the Indian stock market. It is mainly used in the automobile industry. Here are the few best-performing stocks in the Aluminium Industry.

Hindalco Industries

Below Data as on 28th January 2021

Founder	Ghanshyam Das Birla
Founded	1958
Headquarters	Mumbai
Market Capitalization	Rs 51469 crores
Share Price	Rs 229
P/E Ratio	32.7
ROE	6.65%
ROCE	8.67%
Face Value	Rs 1.00

Hindalco is one of the best aluminum producing companies in India. It is a part of Aditya Birla Group and is the largest generator of aluminum in Asia. Hindalco is placed in different states like Odisha, West Bengal, Nagpur, Renukoot, etc. As of 2021, the company revenue is 1.19 lakh crores INR

NALCO

Below Data as on 28th January 2021

Chairman	Sridhar Patra
Founded	1981
Headquarters	Bhubaneswar, Odisha , India
Revenue	Rs 8,461 crores
Share Price	Rs 45.35

The full form of NALCO is National Aluminium Company Limited. It was united in 1981. The Ministry of Mines manages the company. NALCO is one of India’s biggest companies, comprising bauxite mining, alumina refining, aluminum smelting and casting, power generation, etc. As of 2021, the company revenue is 8,471.84 crores INR..

BALCO

Below Data as on 28th January 2021

CEO	Mr. Vikas Sharma
Founded	1965
Headquarters	New Delhi
Share Price	95.60 INR

The full form of BALCO is Bharat Aluminium Co. Ltd. It was united in the year 1965. Vedanta Resources took all rights of BALCO in 2001. BALCO was the first company that manufactured alloy bars, and these are used in the power transmission industry.

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