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

Mining/Minerals - Iron Ore Stocks in India

Mining/Minerals - Iron Ore: NMDC Ltd owns the largest revenue base; Lloyds Metals & Energy Ltd has the fastest current growth.

Nifty Mining/Minerals - Iron Ore Index — Constituents & Performance

The Mining/Minerals - Iron Ore companies below are the listed Indian Mining/Minerals - Iron Ore universe this page tracks — the same constituent set people search for as the Nifty Mining/Minerals - Iron Ore 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 Mining/Minerals - Iron Ore moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 62% ahead of NIFTY 500. Earnings across its companies grew 40% on average over the last four reported quarters.

ASLEEP · 1y +38.7%✓Price and the fundamentals both up1 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 3/6 >200d (−1) · 1/6 lead (+0) · EPS 5/6↑

2005001000202620252024202320222021 968336 TRAILING 12-MONTH EPS · 100 AT THE START0100Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 87, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 77, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 76, against 100 at the start · down 24.4% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 74, against 100 at the start · down 48.1% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 77, against 100 at the start · down 44.6% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 7.7% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 73, against 100 at the start · up 1.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 78, against 100 at the start · up 11.5% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · up 11.1% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 15.7% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 26.9% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 93, against 100 at the start · up 45.4% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 92, against 100 at the start · up 37.3% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 99, against 100 at the start · up 48.9% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two99 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 968336 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 87, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 77, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 76, against 100 at the start · down 24.4% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 74, against 100 at the start · down 48.1% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 77, against 100 at the start · down 44.6% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 7.7% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 73, against 100 at the start · up 1.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 78, against 100 at the start · up 11.5% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · up 11.1% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 87, against 100 at the start · up 15.7% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 26.9% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 93, against 100 at the start · up 45.4% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 92, against 100 at the start · up 37.3% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 99, against 100 at the start · up 48.9% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two99No earnings on file this far back — the price series reaches further than the filings do
Mining/Minerals - Iron Ore, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together1 of 6 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +11 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/20
Mid 0/20
Small 0/20

Participation is not spreading downward this month; the larger companies are still carrying most of it.

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 6 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 Mining/Minerals - Iron Ore outperforming NIFTY 500?

The 52-week comparison of Mining/Minerals - Iron Ore against NIFTY 500 is not available from the current market series. 3 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Lloyds Metals & Energy Ltd is the strongest against the sector itself at +22.5%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
3/6Stocks leading NIFTY 500
2/6Stocks leading sector

Sector metric: 12.9 as of 2026-07-19 · CONSOLIDATION · falling.

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. 3 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. NMDC Ltd leads with revenue of ₹32,071 crore, based on 6 of 6 comparable companies through Mar 2026. Lloyds Metals & Energy Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

Is the Mining/Minerals - Iron Ore sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Mining/Minerals - Iron Ore company is largest by revenue?

NMDC Ltd leads with revenue of ₹32,071 crore, based on 6 of 6 comparable companies through Mar 2026.

Which Mining/Minerals - Iron Ore company is growing fastest?

Lloyds Metals & Energy Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

Which Mining/Minerals - Iron Ore company has the strongest 4-Factor Sector Score?

Lloyds Metals & Energy Ltd ranks first at 67.3/100 with 72% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Mining/Minerals - Iron Ore company has the least gross debt?

Godawari Power & Ispat Ltd has the lowest comparable gross debt at ₹443 crore. Lloyds Metals & Energy Ltd has the highest at ₹20,716 crore.

Which Mining/Minerals - Iron Ore company has the lowest comparable PEG?

Sandur Manganese & Iron Ores Ltd has the lowest comparable Guarded PEG at 0.28, among 5 of 6 companies that pass the metric’s comparability rules.

How much history does this Mining/Minerals - Iron Ore 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
6
complete canonical membership
Combined market value
₹2.3 L Cr
Lloyds Metals & Energy Ltd
Revenue growing
6/6
positive TTM year-on-year growth
Beating NIFTY 500
3/6
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%
Lloyds Metals & Energy Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 72% 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. Lloyds Metals & Energy Ltd · LLOYDSME

67.3/100 · Favorable setup · 72% evidence

Exact sum: 23.4 + 15.4 + 8.5 + 20 = 67.3

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

23.4/35Growth & earnings

Revenue 100% · PAT 100% · OPM change 20 pp

83% evidence

15.4/25Capital efficiency

ROCE 27.3% · debt/equity 1.49×

80% evidence

8.5/20Valuation

P/E 29.4× · PEG —

15% evidence

20.0/20Relative strength

RS sector 22.5% · RS bench 30.3% · 1Y 26.8%

100% evidence

2. Sandur Manganese & Iron Ores Ltd · SANDUMA

66.4/100 · Favorable setup · 96% evidence

Exact sum: 25.4 + 17.3 + 16 + 7.7 = 66.4

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

25.4/35Growth & earnings

Revenue 62.3% · PAT 40.3% · OPM change 2 pp

88% evidence

17.3/25Capital efficiency

ROCE 24.4% · debt/equity 0.31×

100% evidence

16.0/20Valuation

P/E 13.9× · PEG 0.28

100% evidence

7.7/20Relative strength

RS sector -9.5% · RS bench -3.6% · 1Y 23.2%

100% evidence

3. Jayaswal Neco Industries Ltd · JAYNECOIND

57.0/100 · Mixed-positive evidence · 93% evidence

Exact sum: 22.2 + 9.3 + 13.3 + 12.2 = 57

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

22.2/35Growth & earnings

Revenue 22.2% · PAT 100% · OPM change 0 pp

100% evidence

9.3/25Capital efficiency

ROCE 20.7% · debt/equity 0.75×

100% evidence

13.3/20Valuation

P/E 14.7× · PEG 0.62

65% evidence

12.2/20Relative strength

RS sector 8.2% · RS bench 14% · 1Y 124.6%

100% evidence

4. NMDC Ltd · NMDC

54.0/100 · Mixed-positive evidence · 96% evidence

Exact sum: 14 + 18.9 + 9 + 12.1 = 54

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

14.0/35Growth & earnings

Revenue 34.1% · PAT 14.1% · OPM change -6 pp

88% evidence

18.9/25Capital efficiency

ROCE 27.6% · debt/equity 0.19×

100% evidence

9.0/20Valuation

P/E 9.9× · PEG 1.58

100% evidence

12.1/20Relative strength

RS sector -3.6% · RS bench 2.8% · 1Y 16.5%

100% evidence

5. Sarda Energy & Minerals Ltd · SARDAEN

54.0/100 · Mixed-positive evidence · 89% evidence

Exact sum: 24.5 + 13.9 + 13.7 + 1.9 = 54

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -13.2% and the one-year return is 12.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

24.5/35Growth & earnings

Revenue 22.6% · PAT 58.4% · OPM change 6 pp

88% evidence

13.9/25Capital efficiency

ROCE 17.4% · debt/equity 0.36×

100% evidence

13.7/20Valuation

P/E 16.1× · PEG 0.32

65% evidence

1.9/20Relative strength

RS sector -13.2% · RS bench -6.9% · 1Y 12.8%

100% evidence

6. Godawari Power & Ispat Ltd · GPIL

36.6/100 · Mixed-negative evidence · 96% evidence

Exact sum: 9.7 + 16.8 + 7.5 + 2.6 = 36.6

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

9.7/35Growth & earnings

Revenue 0.1% · PAT -1.5% · OPM change 5 pp

88% evidence

16.8/25Capital efficiency

ROCE 20.4% · debt/equity 0.08×

100% evidence

7.5/20Valuation

P/E 19.9× · PEG 1.06

100% evidence

2.6/20Relative strength

RS sector -11.5% · RS bench -5.8% · 1Y 27.2%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

NMDC Ltd has the highest Revenue among the 6 Mining/Minerals - Iron Ore companies compared here, at ₹32,071 crore. Lloyds Metals & Energy Ltd is next at ₹17,113 crore. Lloyds Metals & Energy Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: NMDC Ltd is the scale leader at ₹32,071 crore, 87.4% ahead of Lloyds Metals & Energy Ltd. Lloyds Metals & Energy Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 154.6% from a ₹17,113 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderNMDC Ltd · ₹32,071 crore
Gap87.4% versus #2 · Lloyds Metals & Energy Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 109 observations

Investor read: NMDC Ltd is the scale benchmark; Lloyds Metals & Energy Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: NMDC Ltd's growth falls below Lloyds Metals & Energy 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
1NMDC Ltd NMDC₹32.1K Cr
2Lloyds Metals & Energy Ltd LLOYDSME₹17.1K Cr
3Jayaswal Neco Industries Ltd JAYNECOIND₹7.6K Cr
4Sarda Energy & Minerals Ltd SARDAEN₹5.7K Cr
5Godawari Power & Ispat Ltd GPIL₹5.4K Cr
Revenue growthfastest growers
1Lloyds Metals & Energy Ltd LLOYDSME100%
2Sandur Manganese & Iron Ores Ltd SANDUMA62%
3NMDC Ltd NMDC34%
4Sarda Energy & Minerals Ltd SARDAEN23%
5Jayaswal Neco Industries Ltd JAYNECOIND22%
Revenue · company comparison
6/6 level · 6/6 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
NMDC Ltd NMDC₹11.3K Cr62%Mar 2026
Lloyds Metals & Energy Ltd LLOYDSME₹6.0K Cr405%Mar 2026
Jayaswal Neco Industries Ltd JAYNECOIND₹2.1K Cr28%Jun 2026
Godawari Power & Ispat Ltd GPIL₹1.6K Cr9.7%Mar 2026
Sandur Manganese & Iron Ores Ltd SANDUMA₹1.5K Cr14%Mar 2026
Sarda Energy & Minerals Ltd SARDAEN₹1.3K Cr1.2%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Godawari Power & Ispat Ltd · GPIL

₹1.3K Cr
₹1.6K Cr
—
₹1.7K Cr
₹1.3K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.1K Cr
₹1.6K Cr
—

Jayaswal Neco Industries Ltd · JAYNECOIND

₹1.6K Cr
₹1.4K Cr
₹1.6K Cr
₹1.5K Cr
₹1.7K Cr
₹1.7K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.4K Cr
₹1.4K Cr
₹1.2K Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.8K Cr
₹1.7K Cr
₹2.0K Cr
₹2.1K Cr

Lloyds Metals & Energy Ltd · LLOYDSME

—
—
—
—
—
₹1.0K Cr
₹876 Cr
₹2.0K Cr
₹1.1K Cr
₹1.9K Cr
₹1.6K Cr
₹2.4K Cr
₹1.4K Cr
₹1.7K Cr
₹1.2K Cr
₹2.4K Cr
₹3.7K Cr
₹5.1K Cr
₹6.0K Cr
—

NMDC Ltd · NMDC

₹6.8K Cr
₹5.9K Cr
₹6.8K Cr
₹4.8K Cr
₹3.3K Cr
₹3.7K Cr
₹5.9K Cr
₹5.4K Cr
₹4.0K Cr
₹5.4K Cr
₹6.5K Cr
₹5.4K Cr
₹4.9K Cr
₹6.6K Cr
₹7.0K Cr
₹6.7K Cr
₹6.4K Cr
₹7.6K Cr
₹11.3K Cr
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

₹566 Cr
₹492 Cr
₹717 Cr
₹652 Cr
₹479 Cr
₹388 Cr
₹608 Cr
₹363 Cr
₹185 Cr
₹153 Cr
₹552 Cr
₹602 Cr
₹260 Cr
₹952 Cr
₹1.3K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
—

Sarda Energy & Minerals Ltd · SARDAEN

₹1.0K Cr
₹999 Cr
₹1.1K Cr
₹1.3K Cr
₹967 Cr
₹908 Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹925 Cr
₹889 Cr
₹926 Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.6K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
—

Revenue growth · reported quarter history

Godawari Power & Ispat Ltd · GPIL

—
—
—
48%
2.6%
-9.0%
—
-20%
-1.2%
-11%
16%
1.2%
-1.8%
-0.8%
-4.1%
-1.4%
3.2%
-12%
9.7%
—

Jayaswal Neco Industries Ltd · JAYNECOIND

—
—
—
—
4.0%
23%
-7.8%
-4.1%
-9.6%
-7.7%
-4.0%
-1.8%
-18%
6.5%
19%
15%
45%
4.2%
18%
28%

Lloyds Metals & Energy Ltd · LLOYDSME

—
—
—
—
—
—
—
—
—
91%
77%
23%
32%
-12%
-23%
-1.4%
154%
202%
405%
—

NMDC Ltd · NMDC

—
—
—
-27%
-51%
-37%
-14%
13%
21%
45%
11%
0.4%
23%
21%
8.0%
24%
30%
16%
62%
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

—
—
—
37%
-15%
-21%
-15%
-44%
-61%
-61%
-9.2%
66%
41%
522%
139%
89%
374%
27%
14%
—

Sarda Energy & Minerals Ltd · SARDAEN

—
—
—
52%
-5.7%
-9.1%
1.1%
-17%
3.5%
1.9%
-17%
-12%
16%
43%
39%
76%
32%
-3.3%
1.2%
—
02 · compare level, then change

Operating Economics & Margin Trend

Lloyds Metals & Energy Ltd has the highest OPM among the 6 Mining/Minerals - Iron Ore companies compared here, at 42%. Sarda Energy & Minerals Ltd is next at 28%. The same company also holds the highest Margin change, at +20 percentage points. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Lloyds Metals & Energy Ltd leads both opm at 42% and margin change at +20 percentage points.

LeaderLloyds Metals & Energy Ltd · 42%
Gap50% versus #2 · Sarda Energy & Minerals Ltd
Persistence6/8 recent comparable periods
Coverage6/6 companies · 115 observations

Investor read: Lloyds Metals & Energy 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
1Lloyds Metals & Energy Ltd LLOYDSME42%
2Sarda Energy & Minerals Ltd SARDAEN28%
3Godawari Power & Ispat Ltd GPIL27%
4Sandur Manganese & Iron Ores Ltd SANDUMA26%
5NMDC Ltd NMDC23%
Margin changefastest expanders
1Lloyds Metals & Energy Ltd LLOYDSME+20.0 pp
2Sarda Energy & Minerals Ltd SARDAEN+6.0 pp
3Godawari Power & Ispat Ltd GPIL+5.0 pp
4Sandur Manganese & Iron Ores Ltd SANDUMA+2.0 pp
5Jayaswal Neco Industries Ltd JAYNECOIND0.0 pp
Operating margin · company comparison
6/6 level · 6/6 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
Lloyds Metals & Energy Ltd LLOYDSME42%+20.0 ppMar 2026
Sarda Energy & Minerals Ltd SARDAEN28%+6.0 ppMar 2026
Godawari Power & Ispat Ltd GPIL27%+5.0 ppMar 2026
Sandur Manganese & Iron Ores Ltd SANDUMA26%+2.0 ppMar 2026
NMDC Ltd NMDC23%−6.0 ppMar 2026
Jayaswal Neco Industries Ltd JAYNECOIND19%0.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Godawari Power & Ispat Ltd · GPIL

34%
31%
28%
28%
18%
13%
21%
23%
28%
25%
22%
30%
19%
17%
22%
24%
20%
19%
27%
—

Jayaswal Neco Industries Ltd · JAYNECOIND

27%
11%
18%
14%
6.7%
16%
13%
14%
20%
19%
16%
11%
14%
16%
20%
19%
18%
18%
19%
19%

Lloyds Metals & Energy Ltd · LLOYDSME

-0.6%
19%
34%
31%
23%
23%
19%
27%
26%
24%
29%
30%
29%
32%
22%
33%
29%
35%
42%
—

NMDC Ltd · NMDC

46%
44%
40%
40%
26%
31%
37%
37%
30%
37%
32%
43%
28%
36%
29%
37%
31%
28%
23%
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

52%
36%
31%
8.6%
7.3%
17%
39%
16%
20%
11%
38%
32%
14%
25%
24%
26%
22%
21%
26%
—

Sarda Energy & Minerals Ltd · SARDAEN

40%
32%
33%
29%
29%
22%
20%
20%
24%
20%
17%
28%
29%
28%
22%
38%
34%
24%
28%
—

Margin change · reported quarter history

Godawari Power & Ispat Ltd · GPIL

+10.0 pp
+0.0 pp
−10.4 pp
−24.3 pp
−16.3 pp
−17.7 pp
−6.6 pp
−4.6 pp
+10.0 pp
+12.0 pp
+1.0 pp
+7.0 pp
−9.0 pp
−8.0 pp
0.0 pp
−6.0 pp
+1.0 pp
+2.0 pp
+5.0 pp
—

Jayaswal Neco Industries Ltd · JAYNECOIND

+16.4 pp
−11.2 pp
−9.5 pp
−17.5 pp
−20.3 pp
+5.4 pp
−5.2 pp
+0.4 pp
+13.4 pp
+3.0 pp
+3.0 pp
−3.0 pp
−6.0 pp
−3.0 pp
+4.0 pp
+8.0 pp
+4.0 pp
+2.0 pp
−1.0 pp
0.0 pp

Lloyds Metals & Energy Ltd · LLOYDSME

−5.5 pp
+8.8 pp
+25.9 pp
+29.1 pp
+23.9 pp
+3.9 pp
−14.7 pp
−4.1 pp
+2.7 pp
+1.0 pp
+10.0 pp
+3.0 pp
+3.0 pp
+8.0 pp
−7.0 pp
+3.0 pp
0.0 pp
+3.0 pp
+20.0 pp
—

NMDC Ltd · NMDC

−0.3 pp
−19.1 pp
−21.8 pp
−24.3 pp
−20.3 pp
−13.5 pp
−3.2 pp
−2.8 pp
+4.4 pp
+6.0 pp
−5.0 pp
+6.0 pp
−2.0 pp
−1.0 pp
−3.0 pp
−6.0 pp
+3.0 pp
−8.0 pp
−6.0 pp
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

—
—
—
−45.0 pp
−44.8 pp
−19.2 pp
+8.0 pp
+7.5 pp
+12.7 pp
−6.0 pp
−1.0 pp
+16.0 pp
−6.0 pp
+14.0 pp
−14.0 pp
−6.0 pp
+8.0 pp
−4.0 pp
+2.0 pp
—

Sarda Energy & Minerals Ltd · SARDAEN

+16.0 pp
+7.5 pp
+6.9 pp
−3.4 pp
−11.0 pp
−10.1 pp
−13.2 pp
−9.3 pp
−5.1 pp
−2.0 pp
−3.0 pp
+8.0 pp
+5.0 pp
+8.0 pp
+5.0 pp
+10.0 pp
+5.0 pp
−4.0 pp
+6.0 pp
—
03 · compare level, then change

Profit Scale & Acceleration

NMDC Ltd has the highest Net profit among the 6 Mining/Minerals - Iron Ore companies compared here, at ₹7,450 crore. Lloyds Metals & Energy Ltd is next at ₹3,829 crore. Jayaswal Neco Industries Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: NMDC Ltd leads with ₹7,450 crore of TTM profit, 94.6% above Lloyds Metals & Energy Ltd. Jayaswal Neco Industries Ltd shows ≥100% on the scoring scale (137% uncapped) growth from a ₹564 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderNMDC Ltd · ₹7,450 crore
Gap94.6% versus #2 · Lloyds Metals & Energy Ltd
Persistence6/8 recent comparable periods
Coverage6/6 companies · 109 observations

Investor read: NMDC 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
1NMDC Ltd NMDC₹7.5K Cr
2Lloyds Metals & Energy Ltd LLOYDSME₹3.8K Cr
3Sarda Energy & Minerals Ltd SARDAEN₹1.1K Cr
4Godawari Power & Ispat Ltd GPIL₹801 Cr
5Sandur Manganese & Iron Ores Ltd SANDUMA₹658 Cr
Profit growthfastest growers
1Jayaswal Neco Industries Ltd JAYNECOIND100%
2Lloyds Metals & Energy Ltd LLOYDSME100%
3Sarda Energy & Minerals Ltd SARDAEN58%
4Sandur Manganese & Iron Ores Ltd SANDUMA40%
5NMDC Ltd NMDC14%
Net profit · company comparison
6/6 level · 6/6 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
NMDC Ltd NMDC₹2.0K Cr37%Mar 2026
Lloyds Metals & Energy Ltd LLOYDSME₹1.5K Cr657%Mar 2026
Godawari Power & Ispat Ltd GPIL₹280 Cr26%Mar 2026
Sandur Manganese & Iron Ores Ltd SANDUMA₹236 Cr51%Mar 2026
Jayaswal Neco Industries Ltd JAYNECOIND₹194 Cr109%Jun 2026
Sarda Energy & Minerals Ltd SARDAEN₹155 Cr55%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Godawari Power & Ispat Ltd · GPIL

₹292 Cr
₹346 Cr
—
₹327 Cr
₹169 Cr
₹128 Cr
₹170 Cr
₹231 Cr
₹257 Cr
₹229 Cr
₹219 Cr
₹287 Cr
₹159 Cr
₹145 Cr
₹222 Cr
₹216 Cr
₹162 Cr
₹143 Cr
₹280 Cr
—

Jayaswal Neco Industries Ltd · JAYNECOIND

₹113 Cr
₹-153 Cr
₹2.2K Cr
₹23 Cr
₹141 Cr
₹58 Cr
₹5 Cr
₹28 Cr
₹92 Cr
₹89 Cr
₹2 Cr
₹-32 Cr
₹-34 Cr
₹77 Cr
₹102 Cr
₹93 Cr
₹105 Cr
₹74 Cr
₹191 Cr
₹194 Cr

Lloyds Metals & Energy Ltd · LLOYDSME

—
—
—
—
—
₹230 Cr
₹269 Cr
₹403 Cr
₹231 Cr
₹332 Cr
₹277 Cr
₹557 Cr
₹301 Cr
₹389 Cr
₹202 Cr
₹642 Cr
₹567 Cr
₹1.1K Cr
₹1.5K Cr
—

NMDC Ltd · NMDC

₹2.3K Cr
₹2.1K Cr
₹1.9K Cr
₹1.4K Cr
₹972 Cr
₹914 Cr
₹2.3K Cr
₹1.7K Cr
₹1.0K Cr
₹1.5K Cr
₹1.4K Cr
₹2.0K Cr
₹1.2K Cr
₹1.9K Cr
₹1.5K Cr
₹2.0K Cr
₹1.7K Cr
₹1.8K Cr
₹2.0K Cr
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

₹182 Cr
₹109 Cr
₹236 Cr
₹34 Cr
₹22 Cr
₹41 Cr
₹174 Cr
₹40 Cr
₹27 Cr
₹9 Cr
₹164 Cr
₹144 Cr
₹32 Cr
₹137 Cr
₹156 Cr
₹167 Cr
₹139 Cr
₹116 Cr
₹236 Cr
—

Sarda Energy & Minerals Ltd · SARDAEN

₹263 Cr
₹169 Cr
₹207 Cr
₹173 Cr
₹186 Cr
₹130 Cr
₹115 Cr
₹172 Cr
₹149 Cr
₹114 Cr
₹88 Cr
₹198 Cr
₹203 Cr
₹200 Cr
₹100 Cr
₹437 Cr
₹328 Cr
₹190 Cr
₹155 Cr
—

Profit growth · reported quarter history

Godawari Power & Ispat Ltd · GPIL

—
—
—
-25%
-42%
-63%
—
-29%
52%
79%
29%
24%
-38%
-37%
1.4%
-25%
1.9%
-1.4%
26%
—

Jayaswal Neco Industries Ltd · JAYNECOIND

—
—
—
—
25%
—
-100%
22%
-35%
53%
-60%
-214%
-137%
-13%
5,000%
—
—
-3.9%
87%
109%

Lloyds Metals & Energy Ltd · LLOYDSME

—
—
—
—
—
—
—
—
—
44%
3.0%
38%
30%
17%
-27%
15%
88%
180%
657%
—

NMDC Ltd · NMDC

—
—
—
-55%
-58%
-55%
22%
15%
5.6%
62%
-38%
19%
17%
27%
4.8%
-0.1%
41%
-6.5%
37%
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

—
—
—
-77%
-88%
-62%
-26%
18%
23%
-78%
-5.8%
260%
19%
1,422%
-4.9%
16%
334%
-15%
51%
—

Sarda Energy & Minerals Ltd · SARDAEN

—
—
—
3.0%
-29%
-23%
-44%
-0.6%
-20%
-12%
-23%
15%
36%
75%
14%
121%
62%
-5.0%
55%
—
04 · not available

Capacity Spending & Returns On It

No company in this Mining/Minerals - Iron Ore comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 6 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

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.

Withheld from this comparison: Lloyds Metals & Energy Ltd (LLOYDSME) — its two data sources disagree by up to 7.2% 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.

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Godawari Power & Ispat Ltd has the lowest Gross debt among the 6 Mining/Minerals - Iron Ore companies compared here, at ₹443 crore. Sandur Manganese & Iron Ores Ltd is next at ₹999 crore. NMDC Ltd has the lowest Net debt at ₹4,988 crore net cash, so level and change sit with different companies.

What the numbers say: NMDC Ltd has the clearest covered balance-sheet capacity with ₹4,988 crore net cash and gross debt of ₹6,407 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderGodawari Power & Ispat Ltd · ₹443 crore
Gap55.7% versus #2 · Sandur Manganese & Iron Ores Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 101 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
1Godawari Power & Ispat Ltd GPIL₹443 Cr
2Sandur Manganese & Iron Ores Ltd SANDUMA₹999 Cr
3Jayaswal Neco Industries Ltd JAYNECOIND₹2.1K Cr
4Sarda Energy & Minerals Ltd SARDAEN₹2.6K Cr
5NMDC Ltd NMDC₹6.4K Cr
Net debtlowest net debt
1NMDC Ltd NMDC₹-5.0K Cr
2Godawari Power & Ispat Ltd GPIL₹-736 Cr
3Sarda Energy & Minerals Ltd SARDAEN₹252 Cr
4Sandur Manganese & Iron Ores Ltd SANDUMA₹737 Cr
5Jayaswal Neco Industries Ltd JAYNECOIND₹1.9K Cr
Debt and balance-sheet capacity · company comparison
6/6 level · 5/6 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
Lloyds Metals & Energy Ltd LLOYDSME₹20.7K Cr—Mar 2026
NMDC Ltd NMDC₹6.4K Cr₹-5.0K CrMar 2026
Sarda Energy & Minerals Ltd SARDAEN₹2.6K Cr₹252 CrMar 2026
Jayaswal Neco Industries Ltd JAYNECOIND₹2.1K Cr₹1.9K CrJun 2026
Sandur Manganese & Iron Ores Ltd SANDUMA₹999 Cr₹737 CrMar 2026
Godawari Power & Ispat Ltd GPIL₹443 Cr₹-736 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Godawari Power & Ispat Ltd · GPIL

₹469 Cr
₹469 Cr
₹428 Cr
₹428 Cr
₹429 Cr
₹429 Cr
₹317 Cr
₹317 Cr
₹89 Cr
₹89 Cr
₹52 Cr
₹52 Cr
₹33 Cr
₹33 Cr
₹309 Cr
₹309 Cr
₹192 Cr
₹192 Cr
₹443 Cr
—

Jayaswal Neco Industries Ltd · JAYNECOIND

₹3.5K Cr
₹3.5K Cr
₹3.8K Cr
₹3.8K Cr
₹3.8K Cr
₹3.8K Cr
₹3.4K Cr
₹3.4K Cr
₹3.3K Cr
₹3.3K Cr
₹3.2K Cr
₹3.2K Cr
₹3.1K Cr
₹3.1K Cr
₹2.7K Cr
₹2.8K Cr
₹2.3K Cr
₹2.3K Cr
₹2.1K Cr
₹2.1K Cr

Lloyds Metals & Energy Ltd · LLOYDSME

—
—
₹96 Cr
—
—
—
₹4 Cr
—
—
—
₹33 Cr
—
—
—
₹1.1K Cr
—
₹8.2K Cr
—
₹20.7K Cr
—

NMDC Ltd · NMDC

₹974 Cr
₹974 Cr
₹1.8K Cr
₹3.5K Cr
₹2.2K Cr
₹2.2K Cr
₹2.1K Cr
₹423 Cr
₹2.1K Cr
₹2.1K Cr
₹3.4K Cr
₹3.4K Cr
₹4.2K Cr
—
₹4.3K Cr
₹4.3K Cr
₹3.6K Cr
₹3.6K Cr
₹6.4K Cr
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

₹340 Cr
₹340 Cr
₹310 Cr
₹310 Cr
₹281 Cr
₹281 Cr
₹206 Cr
₹206 Cr
₹147 Cr
₹147 Cr
₹133 Cr
₹133 Cr
₹275 Cr
₹275 Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹999 Cr
—

Sarda Energy & Minerals Ltd · SARDAEN

₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹2.9K Cr
₹2.9K Cr
₹2.9K Cr
₹2.9K Cr
₹2.7K Cr
₹2.7K Cr
₹2.6K Cr
—

Net debt · reported quarter history

Godawari Power & Ispat Ltd · GPIL

₹389 Cr
₹389 Cr
₹-147 Cr
₹-147 Cr
₹-124 Cr
₹-124 Cr
₹-526 Cr
₹-526 Cr
₹-617 Cr
₹-617 Cr
₹-818 Cr
₹-818 Cr
₹-739 Cr
₹-739 Cr
₹-385 Cr
₹-385 Cr
₹-485 Cr
₹-485 Cr
₹-736 Cr
—

Jayaswal Neco Industries Ltd · JAYNECOIND

₹2.7K Cr
₹2.7K Cr
₹3.7K Cr
₹3.4K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.1K Cr
₹3.0K Cr
₹3.0K Cr
₹3.1K Cr
₹3.1K Cr
₹3.0K Cr
₹3.0K Cr
₹2.6K Cr
₹2.6K Cr
₹2.2K Cr
₹2.2K Cr
₹1.9K Cr
₹1.9K Cr

NMDC Ltd · NMDC

₹-7.8K Cr
₹-7.8K Cr
₹-5.0K Cr
₹-4.5K Cr
₹-6.5K Cr
₹-6.5K Cr
₹-4.4K Cr
₹-6.1K Cr
₹-11.8K Cr
₹-11.8K Cr
₹-8.9K Cr
₹-9.0K Cr
₹-10.1K Cr
—
₹-5.5K Cr
₹-5.5K Cr
₹-6.9K Cr
₹-6.9K Cr
₹-5.0K Cr
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

₹-479 Cr
₹-479 Cr
₹-79 Cr
₹-804 Cr
₹-588 Cr
₹-588 Cr
₹-275 Cr
₹-745 Cr
₹-639 Cr
₹-639 Cr
₹-334 Cr
₹-371 Cr
₹-873 Cr
₹-873 Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.6K Cr
₹737 Cr
—

Sarda Energy & Minerals Ltd · SARDAEN

₹1.2K Cr
₹1.2K Cr
₹896 Cr
₹848 Cr
₹703 Cr
₹703 Cr
₹709 Cr
₹682 Cr
₹138 Cr
₹138 Cr
₹41 Cr
₹40 Cr
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr
₹1.6K Cr
₹450 Cr
₹450 Cr
₹252 Cr
—
06 · compare level, then change

Return On Capital Employed

NMDC Ltd has the highest ROCE among the 6 Mining/Minerals - Iron Ore companies compared here, at 27.6%. Lloyds Metals & Energy Ltd is next at 27.3%. Sandur Manganese & Iron Ores Ltd has the highest ROCE change at +8.9 percentage points, so level and change sit with different companies.

What the numbers say: NMDC Ltd leads ROCE at 27.6%, 0.3 percentage points above Lloyds Metals & Energy Ltd. Sandur Manganese & Iron Ores Ltd has the strongest latest improvement at +8.9 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.

LeaderNMDC Ltd · 27.6%
Gap1.1% versus #2 · Lloyds Metals & Energy Ltd
Persistence2/8 recent comparable periods
Coverage6/6 companies · 75 observations

Investor read: NMDC 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
1NMDC Ltd NMDC28%
2Lloyds Metals & Energy Ltd LLOYDSME27%
3Sandur Manganese & Iron Ores Ltd SANDUMA24%
4Jayaswal Neco Industries Ltd JAYNECOIND21%
5Godawari Power & Ispat Ltd GPIL20%
ROCE changefastest improvers
1Sandur Manganese & Iron Ores Ltd SANDUMA+8.9 pp
2Jayaswal Neco Industries Ltd JAYNECOIND+8.7 pp
3Sarda Energy & Minerals Ltd SARDAEN+3.1 pp
4NMDC Ltd NMDC−0.4 pp
5Godawari Power & Ispat Ltd GPIL−3.1 pp
Return on capital · company comparison
6/6 level · 6/6 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: Lloyds Metals & Energy Ltd (LLOYDSME) — its two data sources disagree by up to 7.2% 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
Sandur Manganese & Iron Ores Ltd SANDUMA25%+8.9 ppMar 2026
Jayaswal Neco Industries Ltd JAYNECOIND25%+8.7 ppJun 2026
NMDC Ltd NMDC24%−0.4 ppMar 2026
Godawari Power & Ispat Ltd GPIL17%−3.1 ppMar 2026
Sarda Energy & Minerals Ltd SARDAEN14%+3.1 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Godawari Power & Ispat Ltd · GPIL

38%
—
—
—
28%
—
25%
—
23%
30%
25%
31%
24%
26%
20%
21%
17%
20%
17%
—

Jayaswal Neco Industries Ltd · JAYNECOIND

221%
—
20%
—
9.0%
—
26%
—
33%
19%
14%
19%
12%
15%
14%
16%
36%
26%
24%
25%

NMDC Ltd · NMDC

38%
—
64%
—
36%
—
24%
—
24%
38%
25%
33%
25%
33%
25%
32%
25%
30%
24%
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

41%
—
47%
—
22%
—
17%
—
17%
18%
11%
22%
16%
30%
16%
25%
22%
28%
25%
—

Sarda Energy & Minerals Ltd · SARDAEN

21%
—
27%
—
25%
—
19%
—
14%
18%
12%
17%
8.6%
16%
11%
20%
15%
18%
14%
—

ROCE change · reported quarter history

Godawari Power & Ispat Ltd · GPIL

—
—
—
—
−9.7 pp
—
—
—
−5.1 pp
—
+0.3 pp
—
+1.2 pp
−4.6 pp
−5.2 pp
−10.1 pp
−7.2 pp
−5.2 pp
−3.1 pp
—

Jayaswal Neco Industries Ltd · JAYNECOIND

—
—
—
—
−212.1 pp
—
+6.3 pp
—
+24.0 pp
—
−11.6 pp
—
−21.4 pp
−3.9 pp
−0.5 pp
−3.4 pp
+24.7 pp
+10.9 pp
+10.4 pp
+8.7 pp

NMDC Ltd · NMDC

—
—
—
—
−1.8 pp
—
−40.3 pp
—
−12.0 pp
—
+1.6 pp
—
+1.1 pp
−4.3 pp
−0.7 pp
−0.9 pp
−0.1 pp
−2.8 pp
−0.4 pp
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

—
—
—
—
−19.1 pp
—
−30.2 pp
—
−4.9 pp
—
−5.7 pp
—
−1.9 pp
+12.1 pp
+4.9 pp
+3.3 pp
+6.5 pp
−1.4 pp
+8.9 pp
—

Sarda Energy & Minerals Ltd · SARDAEN

—
—
—
—
+4.0 pp
—
−8.3 pp
—
−11.3 pp
—
−6.7 pp
—
−5.3 pp
−2.2 pp
−1.1 pp
+3.6 pp
+6.0 pp
+2.2 pp
+3.1 pp
—
07 · compare level, then change

Valuation Against Growth & Quality

Sandur Manganese & Iron Ores Ltd has the lowest Guarded PEG among the 6 Mining/Minerals - Iron Ore companies compared here, at 0.28×. Sarda Energy & Minerals Ltd is next at 0.32×. NMDC Ltd has the lowest P/E at 9.86×, so level and change sit with different companies. Its Guarded PEG series carries 5 reported observations across the 20-quarter window.

What the numbers say: Sandur Manganese & Iron Ores Ltd has the lowest comparable Guarded PEG at 0.28×, 12.5% below Sarda Energy & Minerals Ltd. Only 5 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSandur Manganese & Iron Ores Ltd · 0.28×
Gap12.5% versus #2 · Sarda Energy & Minerals Ltd
Persistence0/8 recent comparable periods
Coverage5/6 companies · 27 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
1Sandur Manganese & Iron Ores Ltd SANDUMA0.3
2Sarda Energy & Minerals Ltd SARDAEN0.3
3Jayaswal Neco Industries Ltd JAYNECOIND0.6
4Godawari Power & Ispat Ltd GPIL1.1
5NMDC Ltd NMDC1.6
P/Elowest P/E
1NMDC Ltd NMDC9.9
2Sandur Manganese & Iron Ores Ltd SANDUMA13.9
3Jayaswal Neco Industries Ltd JAYNECOIND14.7
4Sarda Energy & Minerals Ltd SARDAEN16.1
5Godawari Power & Ispat Ltd GPIL19.9
Valuation · company comparison
5/6 level · 6/6 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
NMDC Ltd NMDC1.69.8Mar 2026
Godawari Power & Ispat Ltd GPIL1.124.6Mar 2026
Jayaswal Neco Industries Ltd JAYNECOIND0.617.7Jun 2026
Sarda Energy & Minerals Ltd SARDAEN0.317.1Mar 2026
Sandur Manganese & Iron Ores Ltd SANDUMA0.314.4Mar 2026
Lloyds Metals & Energy Ltd LLOYDSME—27.7Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Godawari Power & Ispat Ltd · GPIL

—
—
—
—
0.1
—
—
—
—
—
—
0.8
0.3
—
—
—
—
—
1.1
—

Jayaswal Neco Industries Ltd · JAYNECOIND

—
—
—
—
—
0.1
—
—
—
0.4
—
—
—
—
—
—
0.6
—
—
—

NMDC Ltd · NMDC

—
—
—
0.1
—
—
—
—
—
—
0.9
0.6
0.5
0.4
0.7
0.7
1.4
0.9
1.6
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

—
—
—
—
—
—
—
1.0
—
—
—
—
1.0
0.8
—
—
0.4
—
0.3
—

Sarda Energy & Minerals Ltd · SARDAEN

—
—
—
—
0.1
0.6
—
—
—
—
—
—
—
—
1.1
0.7
—
—
0.3
—

P/E · reported quarter history

Godawari Power & Ispat Ltd · GPIL

4.0
3.1
3.9
2.5
3.0
4.5
5.2
9.3
12.7
13.3
11.7
15.7
14.5
15.7
15.1
15.7
23.2
22.7
24.6
—

Jayaswal Neco Industries Ltd · JAYNECOIND

5.3
6.9
9.2
3.4
5.7
4.8
2.7
8.0
12.1
19.5
21.6
21.1
29.4
102.5
115.2
33.0
28.2
20.6
18.9
17.7

Lloyds Metals & Energy Ltd · LLOYDSME

197.5
—
142.6
33.9
17.9
18.6
16.1
20.1
24.7
26.0
24.6
29.8
34.1
41.0
43.2
55.7
42.5
39.7
27.7
—

NMDC Ltd · NMDC

3.6
2.9
3.4
2.6
3.8
5.7
6.3
6.5
8.8
12.3
10.2
12.5
11.3
9.7
9.3
9.4
10.1
10.3
9.8
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

12.3
18.0
26.1
16.6
3.0
3.2
8.3
12.3
14.7
27.8
23.5
36.7
23.1
18.9
14.9
16.6
15.9
19.7
14.4
—

Sarda Energy & Minerals Ltd · SARDAEN

4.8
4.2
5.6
3.6
3.9
5.1
5.5
8.6
12.9
15.8
13.0
15.6
28.0
27.7
26.4
22.7
21.3
17.3
17.1
—
08 · compare level, then change

Enterprise Value & Book Value

NMDC Ltd has the lowest EV/EBITDA among the 6 Mining/Minerals - Iron Ore companies compared here, at 6×. Jayaswal Neco Industries Ltd is next at 7.6×. The same company also holds the lowest P/BV, at 2.16×. 6 of 6 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: NMDC Ltd leads both ev/ebitda at 6× and p/bv at 2.16×.

LeaderNMDC Ltd · 6×
Gap21.1% versus #2 · Jayaswal Neco Industries Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 115 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
1NMDC Ltd NMDC6.0
2Jayaswal Neco Industries Ltd JAYNECOIND7.6
3Sandur Manganese & Iron Ores Ltd SANDUMA8.7
4Sarda Energy & Minerals Ltd SARDAEN10.1
5Godawari Power & Ispat Ltd GPIL14.5
P/BVlowest P/BV
1NMDC Ltd NMDC2.2
2Sarda Energy & Minerals Ltd SARDAEN2.4
3Godawari Power & Ispat Ltd GPIL2.8
4Sandur Manganese & Iron Ores Ltd SANDUMA2.9
5Jayaswal Neco Industries Ltd JAYNECOIND3.0
Enterprise and book valuation · company comparison
6/6 level · 6/6 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
Lloyds Metals & Energy Ltd LLOYDSME19.59.0Mar 2026
Godawari Power & Ispat Ltd GPIL14.53.5Mar 2026
Sarda Energy & Minerals Ltd SARDAEN10.12.6Mar 2026
Sandur Manganese & Iron Ores Ltd SANDUMA8.73.0Mar 2026
Jayaswal Neco Industries Ltd JAYNECOIND7.62.9Jun 2026
NMDC Ltd NMDC6.02.1Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Godawari Power & Ispat Ltd · GPIL

3.0
2.2
2.8
2.2
2.0
3.1
3.5
5.6
7.2
7.8
7.1
9.7
8.6
9.2
8.6
9.1
13.9
13.4
14.5
—

Jayaswal Neco Industries Ltd · JAYNECOIND

5.0
3.4
3.6
4.3
5.5
7.4
6.0
7.0
8.1
7.7
7.7
7.5
7.8
7.7
7.0
7.1
8.4
7.9
7.2
7.6

Lloyds Metals & Energy Ltd · LLOYDSME

61.0
81.9
71.2
35.5
18.1
18.2
17.6
22.7
23.2
23.1
20.1
20.6
25.1
29.2
30.4
40.5
31.4
28.8
19.5
—

NMDC Ltd · NMDC

2.2
1.5
1.9
1.5
2.0
3.2
3.4
3.6
5.4
7.0
5.9
7.8
6.6
5.5
5.2
5.4
6.1
6.3
6.0
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

7.0
10.5
15.3
9.6
1.7
1.9
5.7
6.7
8.2
16.4
13.5
21.1
14.8
12.0
9.2
9.2
10.1
11.5
8.7
—

Sarda Energy & Minerals Ltd · SARDAEN

4.9
3.8
4.5
3.2
2.8
3.5
4.0
5.8
8.2
9.3
7.7
9.4
15.8
16.3
15.4
11.7
12.5
10.5
10.1
—

P/BV · reported quarter history

Godawari Power & Ispat Ltd · GPIL

2.0
1.5
2.1
1.7
1.1
1.4
1.5
2.2
2.3
2.5
2.5
3.8
3.2
3.1
2.7
2.9
3.5
3.2
3.5
—

Jayaswal Neco Industries Ltd · JAYNECOIND

-1.6
-2.1
-2.1
-1.4
1.3
1.2
1.1
1.2
1.7
2.1
2.1
2.3
2.1
1.7
1.3
1.6
2.8
3.0
2.8
2.9

Lloyds Metals & Energy Ltd · LLOYDSME

10.4
9.6
12.3
17.8
44.9
61.8
21.2
29.5
17.7
13.9
14.0
24.2
16.9
10.7
11.6
12.5
10.1
9.3
9.0
—

NMDC Ltd · NMDC

1.1
1.6
1.9
0.8
1.4
1.8
1.8
1.7
1.9
2.5
2.4
3.2
2.7
2.1
2.1
2.3
2.2
2.2
2.1
—

Sandur Manganese & Iron Ores Ltd · SANDUMA

2.2
3.3
4.7
3.0
1.2
1.3
1.4
1.7
2.1
4.0
3.0
4.2
3.7
2.8
3.1
3.6
3.0
4.1
3.0
—

Sarda Energy & Minerals Ltd · SARDAEN

1.1
1.1
1.6
1.3
1.0
1.2
1.3
1.8
2.3
2.4
1.9
2.4
4.0
2.8
3.0
4.1
3.2
2.6
2.6
—
09 · let price answer last

Market action

Jayaswal Neco Industries Ltd has the strongest one-year price move in Mining/Minerals - Iron Ore at +124.6%. Lloyds Metals & Energy Ltd leads on Mansfield relative strength against NIFTY at +30.3%. 3 of 6 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 Mining/Minerals - Iron Ore comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 8 ranked sections has fewer than three usable current readings.

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 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: Capital expenditure have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 6 companies in the canonical Mining/Minerals - Iron Ore 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
Lloyds Metals & Energy Ltd LLOYDSMEAHEAD21/26 WEEKS₹1.1 L Cr₹1,9402026-07-19Mar 2026Second feed withheld
NMDC Ltd NMDC21/26 WEEKS₹73.5K Cr₹83.62026-07-19Mar 2026Cross-checked
Sarda Energy & Minerals Ltd SARDAEN₹17.7K Cr₹5022026-07-19Mar 2026Cross-checked
Godawari Power & Ispat Ltd GPIL₹16.2K Cr₹2402026-07-19Mar 2026Cross-checked
Sandur Manganese & Iron Ores Ltd SANDUMA₹9.5K Cr₹1952026-07-19Mar 2026Cross-checked
Jayaswal Neco Industries Ltd JAYNECOIND22/26 WEEKS₹8.4K Cr₹86.82026-07-19Jun 2026Cross-checked
How each company's sources stand: 1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Lloyds Metals & Energy Ltd (LLOYDSME) — its two data sources disagree by up to 7.2% 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 6 Mining/Minerals - Iron Ore 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 standing5 cross-checked · 0 unverified · 1 withheld, of 6 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

Mining/Minerals - Iron Ore company comparison FAQs

These 18 answers restate the Mining/Minerals - Iron Ore comparison above in question form. Every one is computed from the same 6 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 Mining/Minerals - Iron Ore index?

The Nifty Mining/Minerals - Iron Ore index tracks India's listed Mining/Minerals - Iron Ore companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Mining/Minerals - Iron Ore sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Mining/Minerals - Iron Ore stocks in India?

Ranked by this page's four-factor score, Lloyds Metals & Energy Ltd places first among 6 listed Mining/Minerals - Iron Ore companies, followed by Sandur Manganese & Iron Ores 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 Mining/Minerals - Iron Ore stocks are listed in India?

This comparison covers 6 listed Mining/Minerals - Iron Ore 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 Mining/Minerals - Iron Ore company is the biggest?

NMDC Ltd is the largest, with trailing-twelve-month revenue of ₹32,071 crore, ahead of Lloyds Metals & Energy Ltd at ₹17,113 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which Mining/Minerals - Iron Ore company is growing fastest?

Lloyds Metals & Energy Ltd has the fastest revenue growth at 100% year on year, across 6 of 6 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 Mining/Minerals - Iron Ore company has the best profit margins?

Lloyds Metals & Energy Ltd has the highest operating margin at 42%, from 6 of 6 comparable companies. Lloyds Metals & Energy Ltd shows the biggest recent improvement, at +20 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Mining/Minerals - Iron Ore company makes the most profit?

NMDC Ltd earns the most, at ₹7,450 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Jayaswal Neco Industries Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Mining/Minerals - Iron Ore company earns the highest return on capital?

NMDC Ltd leads on return on capital employed at 27.6%, across 6 of 6 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 Mining/Minerals - Iron Ore stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Sandur Manganese & Iron Ores Ltd screens cheapest at 0.28×. Only 5 of 6 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 Mining/Minerals - Iron Ore company has the strongest balance sheet?

Godawari Power & Ispat Ltd carries the lowest comparable gross debt at ₹443 crore, from 6 of 6 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 Mining/Minerals - Iron Ore stock has the strongest price momentum?

Lloyds Metals & 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 Mining/Minerals - Iron Ore company scores highest for research priority?

Lloyds Metals & Energy Ltd scores 67.3 out of 100 with 72% evidence confidence, from 23.4 points on growth and earnings, 15.4 on capital efficiency, 8.5 on valuation and 20 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 Mining/Minerals - Iron Ore companies does this comparison cover, and over what period?

It compares 6 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 Mining/Minerals - Iron Ore sector?

The 6 Mining/Minerals - Iron Ore companies on this page carry ₹2,34,463 crore of combined market value. Lloyds Metals & Energy Ltd is the largest at ₹1,09,232 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Mining/Minerals - Iron Ore sector's P/E ratio?

The median price-to-earnings ratio across the 6 Mining/Minerals - Iron Ore companies on this page is 16.1×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Mining/Minerals - Iron Ore sector performing?

3 of the 6 covered Mining/Minerals - Iron Ore 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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