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, select the stocks according to the company position and capitalization.
Some of the best companies to start investing in are TATA steel, JSW steels ltd, SAIL, HCL, Bhagyanagar India Ltd, Arcotech limited, Hindustan zinc Ltd, and 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 among all the nations. Hence this article will help you to find the best metal stocks to purchase in the Indian stock market.
Table of Contents
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 increasing 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 of 23rd May 2022
| Founder | Jamsetji Tata |
| Founded | 25 August 1907, Jamshedpur |
| Headquarters | Mumbai |
| Market Capitalization | Rs 125,055 Cr |
| Share Price | 1,024 INR |
| P/E Ratio | 3.10 |
| ROE | 42.8 % |
| ROCE | 31.7 % |
| Face Value of a Share | Rs 10 |
TATA Steel 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 tata group’s net worth is 1.42 lakh crores INR.
JSW Steels Ltd
Below Data as of 23rd May 2022
| Founder | Sajjan Jindal |
| Founded | 1982 |
| Headquarters | Mumbai |
| Market Capitalization | Rs 132,419 Cr |
| Share Price | Rs 548 |
| P/E Ratio | 6.11 |
| ROE | 19.0% |
| ROCE | 15.5 % |
| Face Value of a Share | 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 of 23rd May 2022
| Chairman | Smt Soma Mondal |
| Founded | 19th January 1954 |
| Headquarters | New Delhi |
| Market Capitalization | Rs 30,525 Cr |
| SAIL Steel Share Price | Rs 73.9 |
| P/E Ratio | 2.24 |
| ROE | 9.51 % |
| ROCE | 11.2 % |
| Face Value of a Share | 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 for humans since ancient times. In fact, copper was the initial metal utilised by humans in any quantity. China mainly drives growth in this sector. India is still importing copper from different countries.
Members face major difficulties in this production: outmoded technology, inappropriate foundation, high fixings cost, and skilled professional shortage. Here are the best metal stocks in India in the Copper Industry
- Hindustan Copper Limited
- Bhagyanagar India Limited
- Arcotech Limited
Hindustan Copper Limited
Hindustan Copper Limited
Below Data as of 23rd May 2022
| Chairman | Shri Arun Kumar Shukla |
| Founded | 9 November 1967 |
| Headquarters | Kolkata |
| Share Price | Rs 96.4 |
| Market Capitalization | Rs 9,331 Cr |
| P/E Ratio | 37.6 |
| ROE | 10.7 % |
| ROCE | 6.35 % |
| Face Value of a Share | 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 makers.
Bhagyanagar India Limited
Below Data as of 23rd May 2022
| CEO | Devendra Surana |
| Founded | 1985 |
| Headquarters | Hyderabad |
| Bhagyanagar India share price | Rs 40.4 |
| Market Capitalization | Rs 129 Cr |
| P/E Ratio | 16.3 |
| ROE | 2.79 % |
| ROCE | 5.76 % |
| Face Value of a Share | 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 of 23rd May 2022
| CEO | Arvind Kumar Saraf |
| Founded | 1981 |
| Headquarters | India |
| Share Price | Rs 2.20 |
| Market Capitalization | Rs 23.1 Cr |
| P/E Ratio | 0 |
| ROE | -26.9 % |
| ROCE | -2.55% |
| Face Value of a Share | 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 aluminium products.
It is 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, and 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 of 23rd May 2022
| CEO | Mr. Sunil Duggal |
| Founded | 1966 |
| Headquarters | Udaipur, Rajasthan, India |
| Market Capitalization | Rs 126,354 Cr |
| Share Price | 300 |
| P/E Ratio | 13.0 |
| ROE | 29.2 % |
| ROCE | 37.8 % |
| Face Value of a Share | 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 of 23rd May 2022
| Market Capitalization | Rs 8.26 Cr |
| Share Price | Rs 20.6 |
| P/E Ratio | 0 |
| ROE | 0.28 % |
| ROCE | 0.54 % |
| Face Value of a Share | 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 of 23rd May 2022
| CEO | Pankaj Jaju |
| Founded | 15 January 1993 |
| Headquarters | MARGAO South Goa |
| Face Value of a Share | 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
Hindalco Industries
Below Data as of 23rd May 2022
| Founder | Ghanshyam Das Birla |
| Founded | 1958 |
| Headquarters | Mumbai |
| Market Capitalization | Rs 92,864 Cr |
| Share Price | Rs 413 |
| P/E Ratio | 8.30 |
| ROE | 5.33 % |
| ROCE | 7.42 % |
| Face Value of a Share | Rs 1.00 |
Hindalco is one of the best aluminium producing companies in India. It is a part of Aditya Birla Group and is the largest generator of aluminium 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 of 23rd May 2022
| Chairman | Sridhar Patra |
| Founded | 1981 |
| Headquarters | Bhubaneswar, Odisha , India |
| Market Cap | Rs 17,604 crores |
| Face Value of a Share | Rs 5.00 |
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, aluminium smelting and casting, power generation, etc. As of 2021, the company’s revenue is 8,471.84 crores INR.
BALCO
Below Data as of 23rd May 2022
| CEO | Mr. Vikas Sharma |
| Founded | 1965 |
| Headquarters | New Delhi |
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.
FAQs – Best Metal Stocks in India
What is the best steel company?
Here are the list of best steel companies
JSW Steel Ltd
Tata Steel
Steel Authority of India Ltd.
Essar Steel India Ltd.
Rashtriya Ispat Nigam Ltd.
Why is Tata Steel best?
Tata Steel is one of the best companies globally, providing crude steel of 33 million tonnes per annum. It is the best steel producer in the world.
Where is the best quality of steel made?
The top steel-producing countries are India, China, Japan, Russia, South Korea, Brazil, Germany, Turkey, Ukraine, and Turkey.
What city produces the most steel?
Here are the list of cities that produces steel
Pittsburgh
Jamshedpur
Sheffield
Kalinganagar
Miskolc
Bhilai
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