Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Metals Stocks in India

Metals: Hindustan Zinc Ltd owns the largest revenue base; Hindustan Copper Ltd has the fastest current growth.

Nifty Metals Index — Constituents & Performance

The Metals companies below are the listed Indian Metals universe this page tracks — the same constituent set people search for as the Nifty Metals index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Metals moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 128% ahead of NIFTY 500. Earnings across its companies grew 48% on average over the last four reported quarters.

ASLEEP · 1y +139.0%Price and the fundamentals both up1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 1/3 >200d (−1) · 1/3 lead (+1) · EPS 3/3↑

2005001000202620252024202320222021 922336 TRAILING 12-MONTH EPS · 100 AT THE START0100259Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 0.0% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 14.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 131, against 100 at the start · up 33.5% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 20.9% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 259, against 100 at the start · up 97.5% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingJun 2025 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two259 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 922336 TRAILING 12-MONTH EPS · 100 AT THE START0100259Mar 24Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 0.0% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 14.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 131, against 100 at the start · up 33.5% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 20.9% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 259, against 100 at the start · up 97.5% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingJun 2025 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 2 of the Metals filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two259No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Metals, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together1 of 3 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score −4 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 0/10
Small 1/1+1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Metals outperforming NIFTY 500?

The 52-week comparison of Metals against NIFTY 500 is not available from the current market series. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Divine Power Energy Ltd is the strongest against the sector itself at +42.3%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
2/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: 31.6 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 2 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Hindustan Zinc Ltd leads with revenue of ₹46,820 crore, based on 2 of 3 comparable companies through Jun 2026. Hindustan Copper Ltd has the fastest current revenue growth at 48.6%, across 2 of 3 comparable companies.

Is the Metals sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 2 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Metals company is largest by revenue?

Hindustan Zinc Ltd leads with revenue of ₹46,820 crore, based on 2 of 3 comparable companies through Jun 2026.

Which Metals company is growing fastest?

Hindustan Copper Ltd has the fastest current revenue growth at 48.6%, across 2 of 3 comparable companies.

Which Metals company has the strongest 4-Factor Sector Score?

Hindustan Copper Ltd ranks first at 76/100 with 86.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Metals company reports the most CAPEX?

Divine Power Energy Ltd reports the largest latest CAPEX at ₹18 crore, with 1 of 3 companies comparable.

Which Metals company has the least gross debt?

Hindustan Copper Ltd has the lowest comparable gross debt at ₹111 crore. Hindustan Zinc Ltd has the highest at ₹8,728 crore.

Which Metals company has the lowest comparable PEG?

Hindustan Copper Ltd has the lowest comparable Guarded PEG at 1.97, among 1 of 3 companies that pass the metric’s comparability rules.

How much history does this Metals comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
3
complete canonical membership
Combined market value
₹2.7 L Cr
Hindustan Zinc Ltd
Revenue growing
2/2
positive TTM year-on-year growth
Beating NIFTY 500
2/3
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Hindustan Copper Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 86.6% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Hindustan Copper Ltd · HINDCOPPER

76.0/100 · Favorable setup · 87% evidence

Exact sum: 32.8 + 24.1 + 9.9 + 9.2 = 76

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

32.8/35Growth & earnings

Revenue 48.6% · PAT 97.4% · OPM change 18 pp

88% evidence

24.1/25Capital efficiency

ROCE 42.5% · debt/equity 0.03×

100% evidence

9.9/20Valuation

P/E 47.3× · PEG 1.97

85% evidence

9.2/20Relative strength

RS sector -3.6% · RS bench 9.8% · 1Y 80.2%

70% evidence

2. Hindustan Zinc Ltd · HINDZINC

68.6/100 · Favorable setup · 80% evidence

Exact sum: 34.1 + 21.4 + 10.4 + 2.7 = 68.6

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -27.6% and the one-year return is 19%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

34.1/35Growth & earnings

Revenue 38.8% · PAT 66.6% · OPM change 9 pp

95% evidence

21.4/25Capital efficiency

ROCE 69.5% · debt/equity 0.39×

80% evidence

10.4/20Valuation

P/E 13.2× · PEG —

35% evidence

2.7/20Relative strength

RS sector -27.6% · RS bench -4.5% · 1Y 19%

100% evidence

3. Divine Power Energy Ltd · DPEL

67.2/100 · Thin evidence · provisional · 53% evidence

Exact sum: 22 + 15.2 + 10 + 20 = 67.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.0/35Growth & earnings

Revenue — · PAT — · OPM change 5 pp

26% evidence

15.2/25Capital efficiency

ROCE 29.1% · debt/equity 1.21×

95% evidence

10.0/20Valuation

P/E 52.9× · PEG —

0% evidence

20.0/20Relative strength

RS sector 42.3% · RS bench 73.6% · 1Y 308.7%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Hindustan Zinc Ltd has the highest Revenue among the 3 Metals companies compared here, at ₹46,820 crore. Hindustan Copper Ltd is next at ₹3,077 crore. Hindustan Copper Ltd has the highest Revenue growth at 48.6%, so level and change sit with different companies. 2 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hindustan Zinc Ltd is the scale leader at ₹46,820 crore, 15.2× the revenue of Hindustan Copper Ltd. Hindustan Copper Ltd's growth is 48.6% from a ₹3,077 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderHindustan Zinc Ltd · ₹46,820 crore
Gap15.2× versus #2 · Hindustan Copper Ltd
Persistence7/8 recent comparable periods
Coverage2/3 companies · 40 observations

Investor read: Hindustan Zinc Ltd is the scale benchmark; Hindustan Copper Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Hindustan Zinc Ltd's growth falls below Hindustan Copper Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Hindustan Zinc Ltd HINDZINC₹46.8K Cr
2Hindustan Copper Ltd HINDCOPPER₹3.1K Cr
Revenue growthfastest growers
1Hindustan Copper Ltd HINDCOPPER49%
2Hindustan Zinc Ltd HINDZINC39%
Revenue · company comparison
2/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Hindustan Zinc Ltd HINDZINC₹13.7K Cr77%Jun 2026
Hindustan Copper Ltd HINDCOPPER₹1.2K Cr58%Mar 2026
Divine Power Energy Ltd DPEL⚠ unverified₹346 Cr75%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

₹103 Cr
₹119 Cr
₹144 Cr
₹198 Cr
₹279 Cr
₹346 Cr

Hindustan Copper Ltd · HINDCOPPER

₹464 Cr
₹544 Cr
₹545 Cr
₹348 Cr
₹212 Cr
₹557 Cr
₹560 Cr
₹371 Cr
₹381 Cr
₹399 Cr
₹565 Cr
₹494 Cr
₹518 Cr
₹328 Cr
₹731 Cr
₹516 Cr
₹718 Cr
₹687 Cr
₹1.2K Cr

Hindustan Zinc Ltd · HINDZINC

₹7.9K Cr
₹8.5K Cr
₹7.3K Cr
₹6.8K Cr
₹7.3K Cr
₹7.5K Cr
₹8.1K Cr
₹8.3K Cr
₹8.6K Cr
₹9.1K Cr
₹7.8K Cr
₹8.5K Cr
₹11.0K Cr
₹13.5K Cr
₹13.7K Cr

Revenue growth · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

40%
66%
94%
75%

Hindustan Copper Ltd · HINDCOPPER

30%
-54%
2.4%
2.8%
6.6%
80%
-28%
0.9%
33%
36%
-18%
29%
4.5%
39%
109%
58%

Hindustan Zinc Ltd · HINDZINC

-7.1%
-11%
12%
22%
18%
20%
-4.4%
3.6%
27%
49%
77%
02 · compare level, then change

Operating Economics & Margin Trend

Hindustan Zinc Ltd has the highest OPM among the 3 Metals companies compared here, at 59%. Hindustan Copper Ltd is next at 54%. Hindustan Copper Ltd has the highest Margin change at +18 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hindustan Zinc Ltd leads opm at 59%; Hindustan Copper Ltd leads margin change at +18 percentage points.

LeaderHindustan Zinc Ltd · 59%
Gap9.3% versus #2 · Hindustan Copper Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 45 observations

Investor read: Hindustan Zinc Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Hindustan Zinc Ltd HINDZINC59%
2Hindustan Copper Ltd HINDCOPPER54%
3Divine Power Energy Ltd DPEL⚠ unverified10%
Margin changefastest expanders
1Hindustan Copper Ltd HINDCOPPER+18.0 pp
2Hindustan Zinc Ltd HINDZINC+9.0 pp
3Divine Power Energy Ltd DPEL⚠ unverified+5.0 pp
Operating margin · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Hindustan Zinc Ltd HINDZINC59%+9.0 ppJun 2026
Hindustan Copper Ltd HINDCOPPER54%+18.0 ppMar 2026
Divine Power Energy Ltd DPEL⚠ unverified10%+5.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

6.0%
7.0%
7.0%
5.0%
6.0%
10%

Hindustan Copper Ltd · HINDCOPPER

23%
24%
28%
36%
30%
20%
33%
25%
32%
27%
40%
38%
29%
33%
36%
41%
39%
50%
54%

Hindustan Zinc Ltd · HINDZINC

54%
55%
56%
55%
53%
47%
50%
46%
46%
48%
48%
49%
50%
52%
53%
50%
52%
55%
57%
59%

Margin change · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

+1.0 pp
−2.0 pp
−1.0 pp
+5.0 pp

Hindustan Copper Ltd · HINDCOPPER

−2.4 pp
−16.2 pp
+22.1 pp
−8.9 pp
+7.2 pp
−4.2 pp
+5.1 pp
−11.0 pp
+1.8 pp
+7.0 pp
+7.0 pp
+13.0 pp
−3.0 pp
+6.0 pp
−4.0 pp
+3.0 pp
+10.0 pp
+17.0 pp
+18.0 pp

Hindustan Zinc Ltd · HINDZINC

+2.3 pp
+0.5 pp
+0.6 pp
+0.2 pp
−1.6 pp
−7.7 pp
−6.4 pp
−8.7 pp
−6.9 pp
+1.0 pp
−2.0 pp
+3.0 pp
+4.0 pp
+4.0 pp
+5.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
+4.0 pp
+9.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Hindustan Zinc Ltd has the highest Net profit among the 3 Metals companies compared here, at ₹17,067 crore. Hindustan Copper Ltd is next at ₹918 crore. Hindustan Copper Ltd has the highest Profit growth at 97.4%, so level and change sit with different companies. 2 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hindustan Zinc Ltd leads with ₹17,067 crore of TTM profit, 18.6× the profit of Hindustan Copper Ltd. Hindustan Copper Ltd shows 97.4% growth from a ₹918 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderHindustan Zinc Ltd · ₹17,067 crore
Gap18.6× versus #2 · Hindustan Copper Ltd
Persistence7/8 recent comparable periods
Coverage2/3 companies · 40 observations

Investor read: Hindustan Zinc Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Hindustan Zinc Ltd HINDZINC₹17.1K Cr
2Hindustan Copper Ltd HINDCOPPER₹918 Cr
Profit growthfastest growers
1Hindustan Copper Ltd HINDCOPPER97%
2Hindustan Zinc Ltd HINDZINC67%
Net profit · company comparison
2/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Hindustan Zinc Ltd HINDZINC₹5.5K Cr145%Jun 2026
Hindustan Copper Ltd HINDCOPPER₹444 Cr137%Mar 2026
Divine Power Energy Ltd DPEL⚠ unverified₹19 Cr280%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

₹2 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹8 Cr
₹19 Cr

Hindustan Copper Ltd · HINDCOPPER

₹68 Cr
₹172 Cr
₹89 Cr
₹57 Cr
₹26 Cr
₹80 Cr
₹132 Cr
₹47 Cr
₹61 Cr
₹63 Cr
₹124 Cr
₹113 Cr
₹102 Cr
₹63 Cr
₹187 Cr
₹134 Cr
₹184 Cr
₹156 Cr
₹444 Cr

Hindustan Zinc Ltd · HINDZINC

₹2.2K Cr
₹2.6K Cr
₹2.0K Cr
₹1.7K Cr
₹2.0K Cr
₹2.0K Cr
₹2.3K Cr
₹2.3K Cr
₹2.7K Cr
₹3.0K Cr
₹2.2K Cr
₹2.6K Cr
₹3.9K Cr
₹5.0K Cr
₹5.5K Cr

Profit growth · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

100%
25%
100%
280%

Hindustan Copper Ltd · HINDCOPPER

24%
-62%
-53%
48%
-18%
135%
-21%
-6.1%
140%
67%
0.0%
51%
19%
80%
148%
137%

Hindustan Zinc Ltd · HINDZINC

-5.9%
-21%
19%
35%
32%
47%
-4.7%
14%
46%
68%
145%
04 · compare level, then change

Capacity Spending & Returns On It

Divine Power Energy Ltd has the highest CAPEX among the 3 Metals companies compared here, at ₹18 crore. The same company also holds the highest CAPEX intensity, at 5.2%. 1 of 3 companies report a comparable reading, the latest through Mar 2026. Its CAPEX series carries 6 reported observations across the 20-quarter window.

What the numbers say: Divine Power Energy Ltd reports ₹18 crore of CAPEX; Divine Power Energy Ltd has the highest covered intensity at 5.2%. Coverage is only 1 of 3 companies and 6 reported observations, so this is partial evidence—not a complete sector rank.

LeaderDivine Power Energy Ltd · ₹18 crore
GapNot enough peers
Persistence6/6 recent comparable periods
Coverage1/3 companies · 6 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Divine Power Energy Ltd DPEL⚠ unverified₹18 Cr
CAPEX intensityhighest reinvestment intensity
1Divine Power Energy Ltd DPEL⚠ unverified5.2%
Capital expenditure · company comparison
1/3 level · 1/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Hindustan Zinc Ltd (HINDZINC) — its two data sources disagree by up to 3.3% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Divine Power Energy Ltd DPEL⚠ unverified₹18 Cr5.2%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

₹2 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹11 Cr
₹18 Cr

CAPEX intensity · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

1.9%
0.8%
0.7%
0.5%
3.9%
5.2%
Annual capital allocation · 10-year view
3/3 capacity base · 3/3 OCF · 3/3 CAPEX · 3/3 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Divine Power Energy Ltd · DPEL⚠ unverified

₹5 Cr
₹6 Cr
₹9 Cr
₹11 Cr
₹10 Cr
₹80 Cr

Hindustan Copper Ltd · HINDCOPPER

₹633 Cr
₹992 Cr
₹1.3K Cr
₹1.6K Cr
₹1.5K Cr
₹965 Cr
₹2.1K Cr
₹2.3K Cr
₹2.5K Cr
₹2.7K Cr

Hindustan Zinc Ltd · HINDZINC

₹13.1K Cr
₹14.5K Cr
₹17.0K Cr
₹19.0K Cr
₹18.7K Cr
₹19.5K Cr
₹19.9K Cr
₹19.8K Cr
₹21.2K Cr
₹23.3K Cr

Operating cash flow · fiscal-year history

Divine Power Energy Ltd · DPEL⚠ unverified

₹2 Cr
₹5 Cr
₹2 Cr
₹-3 Cr
₹-19 Cr
₹-25 Cr

Hindustan Copper Ltd · HINDCOPPER

₹-260 Cr
₹372 Cr
₹252 Cr
₹86 Cr
₹832 Cr
₹1.1K Cr
₹674 Cr
₹341 Cr
₹544 Cr
₹1.5K Cr

Hindustan Zinc Ltd · HINDZINC

₹7.6K Cr
₹9.8K Cr
₹8.8K Cr
₹6.6K Cr
₹10.6K Cr
₹12.7K Cr
₹15.2K Cr
₹13.3K Cr
₹14.2K Cr
₹17.0K Cr

CAPEX · reported cash flow · fiscal-year history

Divine Power Energy Ltd · DPEL⚠ unverified

₹2 Cr
₹4 Cr
₹3 Cr
₹0 Cr
₹73 Cr

Hindustan Copper Ltd · HINDCOPPER

₹-136 Cr
₹524 Cr
₹600 Cr
₹521 Cr
₹227 Cr
₹-386 Cr
₹1.3K Cr
₹465 Cr
₹326 Cr
₹366 Cr

Hindustan Zinc Ltd · HINDZINC

₹2.1K Cr
₹2.9K Cr
₹4.4K Cr
₹4.2K Cr
₹2.3K Cr
₹3.7K Cr
₹3.7K Cr
₹3.5K Cr
₹5.0K Cr
₹5.9K Cr

Free cash flow · fiscal-year history

Divine Power Energy Ltd · DPEL⚠ unverified

₹3 Cr
₹-2 Cr
₹-6 Cr
₹-19 Cr
₹-98 Cr

Hindustan Copper Ltd · HINDCOPPER

₹-124 Cr
₹-152 Cr
₹-348 Cr
₹-435 Cr
₹605 Cr
₹1.4K Cr
₹-593 Cr
₹-124 Cr
₹218 Cr
₹1.1K Cr

Hindustan Zinc Ltd · HINDZINC

₹5.5K Cr
₹6.9K Cr
₹4.4K Cr
₹2.4K Cr
₹8.3K Cr
₹9.0K Cr
₹11.5K Cr
₹9.9K Cr
₹9.2K Cr
₹11.1K Cr
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Hindustan Copper Ltd has the lowest Gross debt among the 3 Metals companies compared here, at ₹111 crore. Divine Power Energy Ltd is next at ₹156 crore. The same company also holds the lowest Net debt, at ₹699 crore net cash. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hindustan Copper Ltd has the clearest covered balance-sheet capacity with ₹699 crore net cash and gross debt of ₹111 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderHindustan Copper Ltd · ₹111 crore
Gap28.8% versus #2 · Divine Power Energy Ltd
Persistence5/8 recent comparable periods
Coverage3/3 companies · 30 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Hindustan Copper Ltd HINDCOPPER₹111 Cr
2Divine Power Energy Ltd DPEL⚠ unverified₹156 Cr
3Hindustan Zinc Ltd HINDZINC₹8.7K Cr
Net debtlowest net debt
1Hindustan Copper Ltd HINDCOPPER₹-699 Cr
2Divine Power Energy Ltd DPEL⚠ unverified₹154 Cr
Debt and balance-sheet capacity · company comparison
3/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Hindustan Zinc Ltd HINDZINC₹8.7K CrJun 2026
Divine Power Energy Ltd DPEL⚠ unverified₹156 Cr₹154 CrMar 2026
Hindustan Copper Ltd HINDCOPPER₹111 Cr₹-699 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

₹45 Cr
₹48 Cr
₹50 Cr
₹58 Cr
₹50 Cr
₹88 Cr
₹87 Cr
₹156 Cr

Hindustan Copper Ltd · HINDCOPPER

₹409 Cr
₹532 Cr
₹532 Cr
₹156 Cr
₹164 Cr
₹291 Cr
₹291 Cr
₹223 Cr
₹222 Cr
₹92 Cr
₹92 Cr
₹167 Cr
₹167 Cr
₹142 Cr
₹142 Cr
₹111 Cr

Hindustan Zinc Ltd · HINDZINC

₹2.8K Cr
₹11.9K Cr
₹8.7K Cr
₹11.0K Cr
₹11.2K Cr
₹8.7K Cr

Net debt · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

₹48 Cr
₹57 Cr
₹47 Cr
₹87 Cr
₹95 Cr
₹154 Cr

Hindustan Copper Ltd · HINDCOPPER

₹43 Cr
₹51 Cr
₹51 Cr
₹-144 Cr
₹-137 Cr
₹-58 Cr
₹-58 Cr
₹149 Cr
₹148 Cr
₹-51 Cr
₹-51 Cr
₹99 Cr
₹99 Cr
₹-109 Cr
₹-109 Cr
₹-699 Cr
06 · compare level, then change

Return On Capital Employed

Hindustan Zinc Ltd has the highest ROCE among the 3 Metals companies compared here, at 69.5%. Hindustan Copper Ltd is next at 42.5%. Divine Power Energy Ltd has the highest ROCE change at +12.5 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hindustan Zinc Ltd leads ROCE at 69.5%, 27 percentage points above Hindustan Copper Ltd. Divine Power Energy Ltd has the strongest latest improvement at +12.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderHindustan Zinc Ltd · 69.5%
Gap63.5% versus #2 · Hindustan Copper Ltd
PersistenceNot enough history
Coverage3/3 companies · 20 observations

Investor read: Hindustan Zinc Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Hindustan Zinc Ltd HINDZINC70%
2Hindustan Copper Ltd HINDCOPPER43%
3Divine Power Energy Ltd DPEL⚠ unverified29%
ROCE changefastest improvers
1Divine Power Energy Ltd DPEL⚠ unverified+12.5 pp
2Hindustan Copper Ltd HINDCOPPER+12.3 pp
3Hindustan Zinc Ltd HINDZINC+9.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Hindustan Zinc Ltd (HINDZINC) — its two data sources disagree by up to 3.3% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Hindustan Copper Ltd HINDCOPPER33%+12.3 ppMar 2026
Divine Power Energy Ltd DPEL⚠ unverified29%+12.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

19%
44%
30%
17%
19%
29%

Hindustan Copper Ltd · HINDCOPPER

23%
19%
17%
18%
18%
15%
21%
20%
22%
20%
23%
23%
31%
33%

ROCE change · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

+11.6 pp
−27.0 pp
−11.0 pp
+12.5 pp

Hindustan Copper Ltd · HINDCOPPER

−5.9 pp
−1.3 pp
−1.4 pp
+2.5 pp
+3.6 pp
+5.0 pp
+2.6 pp
+2.6 pp
+9.2 pp
+12.3 pp
07 · compare level, then change

Valuation Against Growth & Quality

Hindustan Copper Ltd has the lowest Guarded PEG among the 3 Metals companies compared here, at 1.97×. Hindustan Zinc Ltd has the lowest P/E at 13.2×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Mar 2026. Its Guarded PEG series carries 9 reported observations across the 20-quarter window.

What the numbers say: Hindustan Copper Ltd has the lowest comparable Guarded PEG at 1.97×. Only 1 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderHindustan Copper Ltd · 1.97×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 9 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Hindustan Copper Ltd HINDCOPPER2.0
P/Elowest P/E
1Hindustan Zinc Ltd HINDZINC13.2
2Hindustan Copper Ltd HINDCOPPER47.3
3Divine Power Energy Ltd DPEL⚠ unverified52.9
Valuation · company comparison
1/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Hindustan Copper Ltd HINDCOPPER2.065.2Mar 2026
Hindustan Zinc Ltd HINDZINC15.9Jun 2026
Divine Power Energy Ltd DPEL⚠ unverified235.3Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Hindustan Copper Ltd · HINDCOPPER

1.2
0.9
4.4
3.4
2.4
1.6
3.1
1.8
2.0

P/E · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

40.5
73.5
131.5
235.3

Hindustan Copper Ltd · HINDCOPPER

82.3
64.3
45.3
22.0
26.8
30.9
37.7
37.9
55.0
82.7
88.5
104.5
92.1
61.7
53.1
57.4
62.0
81.0
65.2

Hindustan Zinc Ltd · HINDZINC

16.4
10.7
10.5
11.9
11.4
12.3
13.9
15.9
14.9
36.5
27.2
21.8
20.7
18.3
18.4
25.5
18.3
15.9
08 · compare level, then change

Enterprise Value & Book Value

Hindustan Zinc Ltd has the lowest EV/EBITDA among the 3 Metals companies compared here, at 9.8×. Hindustan Copper Ltd is next at 40.1×. The same company also holds the lowest P/BV, at 9.93×. 3 of 3 companies report a comparable reading, the latest through Jun 2026. Its EV/EBITDA series carries 18 reported observations across the 20-quarter window.

What the numbers say: Hindustan Zinc Ltd leads both ev/ebitda at 9.8× and p/bv at 9.93×.

LeaderHindustan Zinc Ltd · 9.8×
Gap75.6% versus #2 · Hindustan Copper Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 41 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Hindustan Zinc Ltd HINDZINC9.8
2Hindustan Copper Ltd HINDCOPPER40.1
3Divine Power Energy Ltd DPEL⚠ unverified112.1
P/BVlowest P/BV
1Hindustan Zinc Ltd HINDZINC9.9
2Divine Power Energy Ltd DPEL⚠ unverified10.9
3Hindustan Copper Ltd HINDCOPPER14.0
Enterprise and book valuation · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Divine Power Energy Ltd DPEL⚠ unverified112.19.7Mar 2026
Hindustan Copper Ltd HINDCOPPER40.116.0Mar 2026
Hindustan Zinc Ltd HINDZINC9.89.7Jun 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

11.7
16.9
23.8
112.1

Hindustan Copper Ltd · HINDCOPPER

24.6
24.3
26.9
16.7
18.4
20.0
18.5
19.3
28.0
43.8
45.2
51.0
48.5
33.4
28.5
33.0
36.0
48.2
40.1

Hindustan Zinc Ltd · HINDZINC

9.6
5.8
5.9
6.7
6.2
6.7
8.2
9.3
8.7
19.9
15.0
12.6
12.1
10.8
11.0
15.1
11.2
9.8

P/BV · reported quarter history

Divine Power Energy Ltd · DPEL⚠ unverified

3.0
3.3
5.1
9.7

Hindustan Copper Ltd · HINDCOPPER

9.4
7.1
6.5
7.1
5.2
5.4
5.0
5.9
7.5
12.1
12.3
14.8
14.6
10.3
8.9
11.7
11.3
15.4
16.0

Hindustan Zinc Ltd · HINDZINC

4.1
3.0
3.6
4.3
3.6
3.8
10.1
9.8
9.0
21.9
14.6
25.2
25.6
12.6
14.2
19.6
15.7
9.7
09 · let price answer last

Market action

Divine Power Energy Ltd has the strongest one-year price move in Metals at +308.7%. It also leads on Mansfield relative strength against NIFTY at +73.6%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Metals comparison names 7 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Revenue, Net profit, Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 3 companies in the canonical Metals membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Hindustan Zinc Ltd HINDZINC₹2.2 L Cr₹5322026-07-19Jun 2026Second feed withheld
Hindustan Copper Ltd HINDCOPPER₹46.7K Cr₹4832026-07-19Mar 2026Cross-checked
Divine Power Energy Ltd DPELAHEAD25/26 WEEKS⚠ unverified₹1.4K Cr₹5662026-07-19Mar 2026Includes unverified figures
How each company's sources stand: 1 of 3 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 3 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Hindustan Zinc Ltd (HINDZINC) — its two data sources disagree by up to 3.3% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Metals companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 1 withheld, of 3 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Metals company comparison FAQs

These 17 answers restate the Metals comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Metals index?

The Nifty Metals index tracks India's listed Metals companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Metals sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Metals stocks in India?

Ranked by this page's four-factor score, Hindustan Copper Ltd places first among 3 listed Metals companies, followed by Hindustan Zinc Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Metals stocks are listed in India?

This comparison covers 3 listed Metals companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Metals company is the biggest?

Hindustan Zinc Ltd is the largest, with trailing-twelve-month revenue of ₹46,820 crore, ahead of Hindustan Copper Ltd at ₹3,077 crore. That covers 2 of 3 companies with comparable reporting through Jun 2026.

Which Metals company is growing fastest?

Hindustan Copper Ltd has the fastest revenue growth at 48.6% year on year, across 2 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Metals company has the best profit margins?

Hindustan Zinc Ltd has the highest operating margin at 59%, from 3 of 3 comparable companies. Hindustan Copper Ltd shows the biggest recent improvement, at +18 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Metals company makes the most profit?

Hindustan Zinc Ltd earns the most, at ₹17,067 crore of trailing-twelve-month net profit, from 2 of 3 comparable companies. Hindustan Copper Ltd has the fastest profit growth at 97.4%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Metals company earns the highest return on capital?

Hindustan Zinc Ltd leads on return on capital employed at 69.5%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Metals stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Hindustan Copper Ltd screens cheapest at 1.97×. Only 1 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Metals company has the strongest balance sheet?

Hindustan Copper Ltd carries the lowest comparable gross debt at ₹111 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Metals stock has the strongest price momentum?

Divine Power Energy Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Metals company scores highest for research priority?

Hindustan Copper Ltd scores 76 out of 100 with 86.6% evidence confidence, from 32.8 points on growth and earnings, 24.1 on capital efficiency, 9.9 on valuation and 9.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Metals companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Metals sector?

The 3 Metals companies on this page carry ₹2,72,901 crore of combined market value. Hindustan Zinc Ltd is the largest at ₹2,24,766 crore, about 82% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Metals sector performing?

2 of the 3 covered Metals companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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