20 Microns Ltd · 20MICRONS⚠ unverified
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₹155 Cr
₹173 Cr
₹191 Cr
₹200 Cr
₹175 Cr
₹212 Cr
₹231 Cr
₹240 Cr
₹215 Cr
₹227 Cr
₹247 Cr
₹231 Cr
₹215 Cr
₹261 Cr
₹245 Cr
20-quarter listed-company comparison
Mining/Minerals Stocks in India
Mining/Minerals: Coal India Ltd owns the largest revenue base; Midwest Energy Ltd has the fastest current growth.
The 13 Mining/Minerals companies listed in India are Coal India Ltd (₹2.6 L Cr, the largest), Vedanta Ltd, KIOCL Ltd and 10 more. 5 of 12 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.
Top 10 Mining/Minerals Stocks in India (Sep 2026) — ranked by 4-Factor score
- 1South West Pinnacle Exploration Ltd₹697 Cr73.2/100Favorable setup · strongest on profit growth and ROCE improvement
- 2Vedanta Ltd₹1.0 L Cr57.0/100Mixed-positive evidence · strongest on relative strength versus sector and ROCE improvement
- 3Ashapura Minechem Ltd₹5.2K Cr55.1/100Mixed-positive evidence · strongest on ROCE and revenue growth
- 4Indian Metals & Ferro Alloys Ltd₹6.7K Cr55.0/100Mixed-positive evidence · strongest on profit growth and ROCE
- 5Coal India Ltd₹2.6 L Cr53.1/100Mixed-positive evidence · strongest on ROCE and 13-week relative-strength change
- 6Deccan Gold Mines Ltd₹4.6K Cr51.1/100Thin evidence · provisional · strongest on ROCE improvement and margin improvement
- 720 Microns Ltd₹733 Cr50.3/100Mixed-positive evidence · strongest on relative strength versus the benchmark and financial resilience
- 8Midwest Energy Ltd₹4.7K Cr49.3/100Thin evidence · provisional · strongest on relative strength versus sector and revenue growth
- 9MOIL Ltd₹5.0K Cr46.1/100Mixed-negative evidence · strongest on PEG and operating margin
- 10KIOCL Ltd₹21.6K Cr43.0/100Mixed-negative evidence · strongest on ROCE improvement and margin improvement
Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.
01 · the index people search for
Nifty Mining/Minerals Index — Constituents & Performance
All 13 listed Indian Mining/Minerals companies are named here, largest first — the same constituent set people search for as the Nifty Mining/Minerals index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- Coal India Ltd₹2.6 L Cr
- Vedanta Ltd₹1.0 L Cr
- KIOCL Ltd₹21.6K Cr
- Gujarat Mineral Development Corporation Ltd₹18.3K Cr
- Bharat Coking Coal Ltd₹15.4K Cr
- Indian Metals & Ferro Alloys Ltd₹6.7K Cr
- Ashapura Minechem Ltd₹5.2K Cr
- MOIL Ltd₹5.0K Cr
- Midwest Energy Ltd₹4.7K Cr
- Deccan Gold Mines Ltd₹4.6K Cr
- Orissa Minerals Development Company Ltd₹2.4K Cr
- 20 Microns Ltd₹733 Cr
- South West Pinnacle Exploration Ltd₹697 Cr
02 · the sector itself · before any single company
How has Mining/Minerals moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 74% ahead of NIFTY 500. Earnings across its companies grew 12% on average over the last four reported quarters.
FADING · −1 in 4w✓Price and the fundamentals both up2 of 13 companies ahead of NIFTY 500 by 5% or more over three months
RS — · 2/13 >200d (−5) · 2/13 lead (−1) · EPS 11/12↑
Mining/Minerals, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Mining/Minerals, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Mining/Minerals, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
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 13 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.
03 · sector relative strength, before individual stocks
Is Mining/Minerals outperforming NIFTY 500?
Mining/Minerals has outperformed NIFTY 500 by 24.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.3%. 5 of 12 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Midwest Energy Ltd is the strongest against the sector itself at +97.8%. Readings are as of 2026-08-22.
-3.3%Sector vs NIFTY 500 · 13 weeks
+24.4%Sector vs NIFTY 500 · 52 weeks
5/12Stocks leading NIFTY 500
3/12Stocks leading sector
Sector metric: 39.1 as of 2026-08-22 · BROADENING · 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
Mining/Minerals has outperformed NIFTY 500 by 24.4% over 52 weeks and 3.3% over 13 weeks. 5 of 12 covered companies beat NIFTY on Mansfield relative strength, while 3 of 12 beat the sector itself. Coal India Ltd leads with revenue of ₹1,57,856 crore, based on 13 of 13 comparable companies through Jun 2026.
Companies
13
complete canonical membership
Combined market value
₹4.5 L Cr
Coal India Ltd
Revenue growing
12/12
positive TTM year-on-year growth
Beating NIFTY 500
5/12
positive Mansfield relative strength
Comparing 5 of 13
04 · 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%
South West Pinnacle Exploration Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 87% evidence confidence.
MOIL Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Coal India Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1South West Pinnacle Exploration LtdSOUTHWEST | 73.2/100Favorable setup87% evidence | ASLEEP | 30.3/35 Revenue 39.2% · PAT 100% · OPM change 9.8 pp 95% evidence | 19.0/25 ROCE 20% · OPM 24.2% 95% evidence | 12.0/20 P/E 17.4× · PEG — 50% evidence | 11.9/20 RS sector 1.9% · RS bench 6.1% · 1Y 48.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 30.3 + 19 + 12 + 11.9 = 73.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Vedanta LtdVEDL | 57.0/100Mixed-positive evidence82% evidence | ASLEEP | 20.2/35 Revenue 2% · PAT 43.5% · OPM change 8 pp 95% evidence | 15.4/25 ROCE 16.1% · OPM 35% 76% evidence | 8.7/20 P/E 9.4× · PEG — 50% evidence | 12.7/20 RS sector 4.5% · RS bench 8.6% · 1Y 63.6%2 of 12 weeks ahead 100% evidence |
| Exact sum: 20.2 + 15.4 + 8.7 + 12.7 = 57 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Ashapura Minechem LtdASHAPURMIN | 55.1/100Mixed-positive evidence76% evidence | ASLEEP | 20.2/35 Revenue 62.6% · PAT 19.5% · OPM change -2 pp 95% evidence | 18.0/25 ROCE 20.7% · OPM 11% 76% evidence | 11.5/20 P/E 12.6× · PEG — 50% evidence | 5.4/20 RS sector -20.6% · RS bench -15.8% · 1Y -3.4%4 of 10 weeks ahead 70% evidence |
| Exact sum: 20.2 + 18 + 11.5 + 5.4 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Indian Metals & Ferro Alloys LtdIMFA | 55.0/100Mixed-positive evidence100% evidence | ASLEEP | 22.5/35 Revenue 23.6% · PAT 46.6% · OPM change 9 pp 100% evidence | 16.4/25 ROCE 18.4% · OPM 29% 100% evidence | 9.9/20 P/E 12.8× · PEG 1.4 100% evidence | 6.2/20 RS sector -9.5% · RS bench -5.1% · 1Y 27.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 22.5 + 16.4 + 9.9 + 6.2 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Coal India LtdCOALINDIA | 53.1/100Mixed-positive evidence82% evidence | ASLEEP | 6.8/35 Revenue 6.1% · PAT -5.9% · OPM change -3 pp 95% evidence | 20.7/25 ROCE 35% · OPM 26% 76% evidence | 11.3/20 P/E 8.4× · PEG — 50% evidence | 14.3/20 RS sector -2.7% · RS bench 2.1% · 1Y 8.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 6.8 + 20.7 + 11.3 + 14.3 = 53.1 · Decision use: Price leads the evidence: RS versus the benchmark is 2.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 6Deccan Gold Mines LtdDECNGOLD | 51.1/100Thin evidence · provisional54% evidence | BREAKING OUT | 26.2/35 Revenue 100% · PAT 58.7% · OPM change 4414.3 pp 71% evidence | 5.3/25 ROCE -13.1% · OPM — 61% evidence | 10.0/20 P/E — · PEG — 0% evidence | 9.6/20 RS sector -23% · RS bench 63.1% · 1Y 86.6%10 of 10 weeks ahead 70% evidence |
| Exact sum: 26.2 + 5.3 + 10 + 9.6 = 51.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 720 Microns Ltd20MICRONS | 50.3/100Mixed-positive evidence81% evidence | BREAKING OUT | 13.1/35 Revenue 2.5% · PAT 11.5% · OPM change 0 pp 95% evidence | 17.6/25 ROCE 17.3% · OPM 13% 95% evidence | 11.9/20 P/E 10.8× · PEG — 50% evidence | 7.7/20 RS sector -40.9% · RS bench 10.3% · 1Y -10.2%9 of 10 weeks ahead 70% evidence |
| Exact sum: 13.1 + 17.6 + 11.9 + 7.7 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Midwest Energy Ltd526570 | 49.3/100Thin evidence · provisional58% evidence | ASLEEP | 22.3/35 Revenue 100% · PAT -80% · OPM change 547.7 pp 71% evidence | 4.1/25 ROCE -2.5% · OPM -7.4% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.9/20 RS sector 97.8% · RS bench -7.6% · 1Y 77.9%0 of 10 weeks ahead 70% evidence |
| Exact sum: 22.3 + 4.1 + 10 + 12.9 = 49.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 9MOIL LtdMOIL | 46.1/100Mixed-negative evidence100% evidence | ASLEEP | 12.9/35 Revenue 4.9% · PAT 7.8% · OPM change 14 pp 100% evidence | 13.1/25 ROCE 12.4% · OPM 37% 100% evidence | 14.4/20 P/E 16.4× · PEG 0.68 100% evidence | 5.7/20 RS sector -25.3% · RS bench -20.8% · 1Y -30.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 12.9 + 13.1 + 14.4 + 5.7 = 46.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 10KIOCL LtdKIOCL | 43.0/100Mixed-negative evidence68% evidence | ASLEEP | 24.0/35 Revenue 27.5% · PAT 100% · OPM change 29 pp 74% evidence | 3.7/25 ROCE 1.4% · OPM -17% 100% evidence | 8.5/20 P/E 556× · PEG — 15% evidence | 6.8/20 RS sector -15.2% · RS bench -5.8% · 1Y -21.2%1 of 10 weeks ahead 70% evidence |
| Exact sum: 24 + 3.7 + 8.5 + 6.8 = 43 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -15.2% and the one-year return is -21.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11Gujarat Mineral Development Corporation LtdGMDCLTD | 41.2/100Mixed-negative evidence100% evidence | ASLEEP | 13.4/35 Revenue 2.3% · PAT 43.5% · OPM change -2 pp 100% evidence | 10.8/25 ROCE 10.8% · OPM 21% 100% evidence | 7.6/20 P/E 32.1× · PEG 1.28 100% evidence | 9.4/20 RS sector -5.9% · RS bench -1.2% · 1Y 13%0 of 12 weeks ahead 100% evidence |
| Exact sum: 13.4 + 10.8 + 7.6 + 9.4 = 41.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Orissa Minerals Development Company LtdORISSAMINE | 39.0/100Thin evidence · provisional59% evidence | ASLEEP | 17.1/35 Revenue 45.7% · PAT 92.8% · OPM change 511.5 pp 62% evidence | 7.8/25 ROCE 9.6% · OPM -32.2% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 4.1/20 RS sector -39.8% · RS bench -9.1% · 1Y -18.2%4 of 10 weeks ahead 70% evidence |
| Exact sum: 17.1 + 7.8 + 10 + 4.1 = 39 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 13Bharat Coking Coal LtdBHARATCOAL | 37.2/100Thin evidence · provisional35% evidence | ASLEEP | 10.7/35 Revenue — · PAT — · OPM change -6.8 pp 45% evidence | 6.5/25 ROCE 4% · OPM -1.8% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 10.0/20 RS sector — · RS bench — · 1Y —3 of 12 weeks ahead 0% evidence |
| Exact sum: 10.7 + 6.5 + 10 + 10 = 37.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Showing 10 of 13 companies
05 · what price has already done
Market action
Deccan Gold Mines Ltd has the strongest one-year price move in Mining/Minerals at +86.6%. It also leads on Mansfield relative strength against NIFTY at +63.1%. 5 of 12 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Mining/Minerals itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · the story behind the numbers
Mining/Minerals — the story behind the numbers
This is the written read behind the Mining/Minerals figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Jul 2026. 5 themes are live here, 1 of them rated high severity.
The Mining/Minerals sector presents a mixed picture for the week ending 2026-07-19. VEDL delivered record financial performance with Q4 EBITDA of ₹18,447 crore, up 59% YoY, and a margin expansion to 44%. In contrast, COALINDIA missed full-year production targets at 768 MT versus 875 MT, with inventory building 21% to 129.96 MT.
How old this read is: This read comes from our Mining/Minerals sector brief dated 22 Jul 2026 — 57 days old. The numbers above it are newer than the words here.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| Mineral cess hikes and PSC extension rejections.Named for COALINDIA, VEDL | high | “Other expenses up 9% due to increase in Jharkhand Mineral-Bearing Land Cess from Rs 250 to Rs 450 per Tonne, impact Rs 3,635 Crore” |
| War impact anticipated on costs in H1FY27.Named for VEDL | medium | “Anticipated additional impact due to war in H1FY27: 50-100 $/t” |
| E-auction price softness impacting revenue.Named for COALINDIA | medium | “E-Auction Price FY 25-26: Rs 2,961.87 per Te vs FY 24-25: Rs 3,122.64 per Te, reduction of Rs 160.76 per Te, impact Rs -1,348 Crore” |
| Rake availability constraints and inventory build.Named for COALINDIA | medium | “Coal Production FY 25-26: 768.19 MT vs target 875.24 MT; Coal Offtake: 744.88 MT vs target 900.24 MT; Inventory increase of 22.80 MT (21%) to 129.96 MT as on 31.03.2026” |
| Pay revision cycles creating provisioning burden.Named for COALINDIA | medium | “One time provision of pay scale upgradation of Executives: Rs 1,458 Cr; Reduction in Manpower: 4% (31.03.26: 2,12,066 & 31.03.25: 2,20,242)” |
Sources: our Mining/Minerals sector brief, 22 Jul 2026 · company earnings-call transcripts.
07 · compare level, then change
Revenue Scale & Growth Durability
Coal India Ltd has the highest Revenue among the 13 Mining/Minerals companies compared here, at ₹1,57,856 crore. Vedanta Ltd is next at ₹88,898 crore. Midwest Energy Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies. Its Revenue series carries 16 reported observations across the 20-quarter window.
What the numbers say: Coal India Ltd is the scale leader at ₹1,57,856 crore, 77.6% ahead of Vedanta Ltd. Midwest Energy Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 1865.9% from a ₹9 crore base, with 16 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCoal India Ltd · ₹1,57,856 crore
Gap77.6% versus #2 · Vedanta Ltd
Persistence4/8 recent comparable periods
Coverage13/13 companies · 209 observations
Investor read: Coal India Ltd is the scale benchmark; Midwest Energy Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Coal India Ltd's growth falls below Midwest 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
Revenue growthfastest growers
Revenue · company comparison
13/13 level · 12/13 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Coal India Ltd COALINDIA | ₹46.3K Cr | 7.8% | Jun 2026 |
| Vedanta Ltd VEDL | ₹24.2K Cr | 54% | Jun 2026 |
| Bharat Coking Coal Ltd BHARATCOAL | ₹3.6K Cr | -3.6% | Jun 2026 |
| Ashapura Minechem Ltd ASHAPURMIN | ₹1.6K Cr | 19% | Jun 2026 |
| Indian Metals & Ferro Alloys Ltd IMFA | ₹960 Cr | 50% | Jun 2026 |
| Gujarat Mineral Development Corporation Ltd GMDCLTD | ₹907 Cr | 24% | Jun 2026 |
| MOIL Ltd MOIL | ₹371 Cr | 6.6% | Jun 2026 |
| 20 Microns Ltd 20MICRONS⚠ unverified | ₹245 Cr | -0.8% | Jun 2026 |
| KIOCL Ltd KIOCL | ₹158 Cr | 74% | Jun 2026 |
| South West Pinnacle Exploration Ltd SOUTHWEST⚠ unverified | ₹62 Cr | 53% | Jun 2026 |
| Orissa Minerals Development Company Ltd ORISSAMINE⚠ unverified | ₹29 Cr | 332% | Mar 2026 |
| Midwest Energy Ltd 526570 | ₹6 Cr | 1,173% | Jun 2026 |
| Deccan Gold Mines Ltd DECNGOLD | ₹1 Cr | 58% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Ashapura Minechem Ltd · ASHAPURMIN
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—
—
—
—
₹535 Cr
₹696 Cr
₹1.0K Cr
₹554 Cr
₹713 Cr
₹440 Cr
₹714 Cr
₹604 Cr
₹865 Cr
₹555 Cr
₹1.4K Cr
₹952 Cr
₹960 Cr
₹2.0K Cr
₹1.6K Cr
Bharat Coking Coal Ltd · BHARATCOAL
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—
—
—
—
—
—
—
—
—
—
—
—
₹3.7K Cr
₹3.9K Cr
₹3.7K Cr
₹2.6K Cr
₹3.5K Cr
₹3.3K Cr
₹3.6K Cr
Coal India Ltd · COALINDIA
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—
—
—
₹29.8K Cr
₹35.2K Cr
₹38.2K Cr
₹36.0K Cr
₹32.8K Cr
₹36.2K Cr
₹38.2K Cr
₹36.5K Cr
₹31.2K Cr
₹36.9K Cr
₹37.8K Cr
₹42.9K Cr
₹30.2K Cr
₹34.9K Cr
₹46.5K Cr
₹46.3K Cr
Deccan Gold Mines Ltd · DECNGOLD
—
—
—
—
—
₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹3 Cr
₹3 Cr
₹4 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹3 Cr
₹1 Cr
₹9 Cr
₹1 Cr
Gujarat Mineral Development Corporation Ltd · GMDCLTD
₹452 Cr
₹725 Cr
₹1.1K Cr
₹1.2K Cr
₹539 Cr
₹855 Cr
₹948 Cr
₹766 Cr
₹383 Cr
₹564 Cr
₹750 Cr
₹818 Cr
₹593 Cr
₹653 Cr
₹786 Cr
₹733 Cr
₹528 Cr
₹579 Cr
₹814 Cr
₹907 Cr
Indian Metals & Ferro Alloys Ltd · IMFA
₹653 Cr
₹655 Cr
₹757 Cr
₹743 Cr
₹672 Cr
₹624 Cr
₹637 Cr
₹702 Cr
₹693 Cr
₹685 Cr
₹701 Cr
₹662 Cr
₹692 Cr
₹643 Cr
₹567 Cr
₹642 Cr
₹719 Cr
₹703 Cr
₹763 Cr
₹960 Cr
KIOCL Ltd · KIOCL
₹463 Cr
₹364 Cr
₹1.1K Cr
₹366 Cr
₹154 Cr
₹288 Cr
₹735 Cr
₹501 Cr
₹431 Cr
₹549 Cr
₹372 Cr
₹147 Cr
₹16 Cr
₹181 Cr
₹246 Cr
₹91 Cr
₹143 Cr
₹160 Cr
₹220 Cr
₹158 Cr
Midwest Energy Ltd · 526570
—
—
—
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹6 Cr
₹6 Cr
MOIL Ltd · MOIL
₹312 Cr
₹363 Cr
₹468 Cr
₹376 Cr
₹236 Cr
₹302 Cr
₹428 Cr
₹380 Cr
₹348 Cr
₹306 Cr
₹416 Cr
₹493 Cr
₹292 Cr
₹367 Cr
₹433 Cr
₹348 Cr
₹348 Cr
₹348 Cr
₹444 Cr
₹371 Cr
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
—
—
₹8 Cr
₹7 Cr
₹3 Cr
₹17 Cr
₹28 Cr
₹34 Cr
₹14 Cr
₹23 Cr
₹21 Cr
₹7 Cr
₹19 Cr
₹25 Cr
₹21 Cr
₹29 Cr
—
Vedanta Ltd · VEDL
—
—
—
—
—
₹34.1K Cr
₹37.9K Cr
₹33.7K Cr
₹38.9K Cr
₹35.5K Cr
₹35.5K Cr
₹35.8K Cr
₹37.6K Cr
₹17.1K Cr
₹16.7K Cr
₹15.8K Cr
₹18.7K Cr
₹21.3K Cr
₹24.6K Cr
₹24.2K Cr
Revenue growth · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
20 Microns Ltd · 20MICRONS⚠ unverified
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—
—
—
—
—
—
—
—
13%
23%
21%
20%
23%
7.1%
6.9%
-3.8%
0.0%
15%
-0.8%
Ashapura Minechem Ltd · ASHAPURMIN
—
—
—
—
—
—
—
—
—
33%
-37%
-30%
9.0%
21%
26%
90%
58%
11%
255%
19%
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-5.9%
-15%
-3.6%
Coal India Ltd · COALINDIA
—
—
—
—
—
—
—
—
9.9%
2.8%
0.2%
1.3%
-4.9%
2.0%
-1.0%
18%
-3.2%
-5.3%
23%
7.8%
Deccan Gold Mines Ltd · DECNGOLD
—
—
—
—
—
—
—
—
—
—
3,489%
405%
5,983%
245%
-85%
-88%
-16%
32%
1,885%
58%
Gujarat Mineral Development Corporation Ltd · GMDCLTD
—
—
—
132%
19%
18%
-10%
-34%
-29%
-34%
-21%
6.8%
55%
16%
4.8%
-10%
-11%
-11%
3.6%
24%
Indian Metals & Ferro Alloys Ltd · IMFA
—
—
—
38%
2.9%
-4.7%
-16%
-5.5%
3.1%
9.8%
10%
-5.7%
-0.1%
-6.1%
-19%
-3.0%
3.9%
9.3%
35%
50%
KIOCL Ltd · KIOCL
—
—
—
-65%
-67%
-21%
-35%
37%
180%
91%
-49%
-71%
-96%
-67%
-34%
-38%
794%
-12%
-11%
74%
Midwest Energy Ltd · 526570
—
—
—
—
—
—
—
—
-76%
-100%
248%
-100%
-86%
—
-77%
—
11,900%
362%
3,288%
1,173%
MOIL Ltd · MOIL
1.6%
35%
—
28%
-24%
-17%
-8.6%
1.1%
47%
1.3%
-2.8%
30%
-16%
20%
4.1%
-29%
19%
-5.2%
2.5%
6.6%
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
—
—
—
—
—
—
258%
388%
308%
41%
-27%
-80%
40%
7.4%
-0.1%
332%
—
Vedanta Ltd · VEDL
—
—
—
—
—
—
—
—
—
4.2%
-6.4%
6.0%
-3.4%
-52%
-53%
-56%
-50%
25%
47%
54%
08 · compare level, then change
Operating Economics & Margin Trend
MOIL Ltd has the highest OPM among the 13 Mining/Minerals companies compared here, at 37%. Vedanta Ltd is next at 35%. Deccan Gold Mines Ltd has the highest Margin change at +4414.3 percentage points, so level and change sit with different companies. 12 of 13 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: MOIL Ltd leads opm at 37%; Deccan Gold Mines Ltd leads margin change at +4414.3 percentage points.
LeaderMOIL Ltd · 37%
Gap5.7% versus #2 · Vedanta Ltd
Persistence4/8 recent comparable periods
Coverage12/13 companies · 232 observations
Investor read: MOIL 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
Margin changefastest expanders
Operating margin · company comparison
12/13 level · 13/13 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| MOIL Ltd MOIL | 37% | +14.0 pp | Jun 2026 |
| Vedanta Ltd VEDL | 35% | +8.0 pp | Jun 2026 |
| Indian Metals & Ferro Alloys Ltd IMFA | 29% | +9.0 pp | Jun 2026 |
| Coal India Ltd COALINDIA | 26% | −3.0 pp | Jun 2026 |
| South West Pinnacle Exploration Ltd SOUTHWEST⚠ unverified | 24% | +9.8 pp | Jun 2026 |
| Gujarat Mineral Development Corporation Ltd GMDCLTD | 21% | −2.0 pp | Jun 2026 |
| 20 Microns Ltd 20MICRONS⚠ unverified | 13% | 0.0 pp | Jun 2026 |
| Ashapura Minechem Ltd ASHAPURMIN | 11% | −2.0 pp | Jun 2026 |
| Bharat Coking Coal Ltd BHARATCOAL | -1.8% | −6.8 pp | Jun 2026 |
| Midwest Energy Ltd 526570 | -7.4% | +547.7 pp | Jun 2026 |
| Deccan Gold Mines Ltd DECNGOLD | -14% | +4,414.3 pp | Jun 2026 |
| KIOCL Ltd KIOCL | -17% | +29.0 pp | Jun 2026 |
| Orissa Minerals Development Company Ltd ORISSAMINE⚠ unverified | -32% | +511.5 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
20 Microns Ltd · 20MICRONS⚠ unverified
12%
14%
13%
13%
12%
11%
12%
14%
15%
13%
12%
13%
13%
12%
13%
13%
14%
13%
12%
13%
Ashapura Minechem Ltd · ASHAPURMIN
11%
-12%
8.5%
13%
2.4%
11%
8.0%
11%
6.0%
8.0%
11%
12%
11%
16%
15%
13%
14%
12%
6.0%
11%
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
16%
15%
1.6%
5.0%
-15%
1.0%
-10%
-1.8%
Coal India Ltd · COALINDIA
17%
24%
28%
35%
24%
30%
24%
38%
31%
36%
30%
39%
28%
33%
31%
29%
22%
27%
27%
26%
Deccan Gold Mines Ltd · DECNGOLD
—
—
—
-175%
—
—
-922%
-48%
—
—
-138%
-120%
-573%
—
—
—
-303%
-716%
-14%
—
Gujarat Mineral Development Corporation Ltd · GMDCLTD
5.8%
28%
44%
38%
32%
39%
41%
32%
13%
21%
25%
26%
24%
14%
25%
23%
13%
17%
13%
21%
Indian Metals & Ferro Alloys Ltd · IMFA
36%
32%
25%
29%
11%
9.0%
22%
25%
22%
23%
15%
24%
25%
20%
12%
20%
19%
23%
21%
29%
KIOCL Ltd · KIOCL
-11%
-26%
21%
-15%
-74%
-15%
6.0%
-13%
-4.5%
7.0%
-7.0%
-33%
-417%
-24%
-17%
-46%
-15%
2.7%
14%
-17%
Midwest Energy Ltd · 526570
-300%
—
-800%
-9.3%
—
-155%
-157%
-63%
-571%
-571%
-49%
-49%
—
-208%
—
-555%
-170%
-168%
-56%
-7.4%
MOIL Ltd · MOIL
26%
45%
46%
39%
14%
18%
31%
33%
28%
29%
31%
43%
27%
26%
32%
23%
29%
28%
31%
37%
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
57%
37%
-21%
14%
-43%
-48%
-109%
-170%
18%
44%
39%
22%
29%
-9.8%
-544%
4.6%
29%
50%
-32%
—
Vedanta Ltd · VEDL
34%
32%
34%
26%
21%
21%
25%
19%
29%
24%
25%
28%
26%
29%
31%
27%
26%
31%
31%
35%
Margin change · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
20 Microns Ltd · 20MICRONS⚠ unverified
−3.1 pp
−0.8 pp
+0.4 pp
+0.8 pp
+0.4 pp
−3.3 pp
−0.8 pp
+0.6 pp
+2.6 pp
+2.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
+1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
−1.0 pp
0.0 pp
Ashapura Minechem Ltd · ASHAPURMIN
+9.1 pp
−23.1 pp
−6.4 pp
−3.0 pp
−8.2 pp
+23.4 pp
−0.5 pp
−1.7 pp
+3.6 pp
−3.0 pp
+3.0 pp
+1.0 pp
+5.0 pp
+8.0 pp
+4.0 pp
+1.0 pp
+3.0 pp
−4.0 pp
−9.0 pp
−2.0 pp
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−31.5 pp
−14.0 pp
−11.6 pp
−6.8 pp
Coal India Ltd · COALINDIA
−1.9 pp
+2.2 pp
+3.7 pp
+15.7 pp
+7.1 pp
+6.0 pp
−3.8 pp
+3.2 pp
+7.0 pp
+6.0 pp
+6.0 pp
+1.0 pp
−3.0 pp
−3.0 pp
+1.0 pp
−10.0 pp
−6.0 pp
−6.0 pp
−4.0 pp
−3.0 pp
Deccan Gold Mines Ltd · DECNGOLD
—
−2,550.0 pp
+2,550.0 pp
+7,425.0 pp
—
—
+277.8 pp
+127.5 pp
−2,386.7 pp
—
+784.5 pp
−72.9 pp
+3,093.8 pp
−12.5 pp
−4,368.6 pp
−6,232.2 pp
+269.9 pp
+1,387.2 pp
+4,492.5 pp
+4,414.3 pp
Gujarat Mineral Development Corporation Ltd · GMDCLTD
+6.8 pp
+39.5 pp
+38.1 pp
+32.0 pp
+25.9 pp
+11.2 pp
−2.7 pp
−6.1 pp
−18.8 pp
−18.0 pp
−16.0 pp
−6.0 pp
+11.0 pp
−7.0 pp
0.0 pp
−3.0 pp
−11.0 pp
+3.0 pp
−12.0 pp
−2.0 pp
Indian Metals & Ferro Alloys Ltd · IMFA
+18.6 pp
+16.3 pp
+2.6 pp
−2.9 pp
−25.4 pp
−23.3 pp
−3.0 pp
−4.3 pp
+11.2 pp
+14.0 pp
−7.0 pp
−1.0 pp
+3.0 pp
−3.0 pp
−3.0 pp
−4.0 pp
−6.0 pp
+3.0 pp
+9.0 pp
+9.0 pp
KIOCL Ltd · KIOCL
−16.2 pp
−39.1 pp
−6.1 pp
−42.2 pp
−63.0 pp
+10.6 pp
−14.7 pp
+1.6 pp
+69.1 pp
+22.0 pp
−13.0 pp
−20.0 pp
−412.5 pp
−31.0 pp
−10.0 pp
−13.0 pp
+402.0 pp
+26.7 pp
+31.0 pp
+29.0 pp
Midwest Energy Ltd · 526570
−128.6 pp
−6,728.6 pp
+66.7 pp
+1,040.7 pp
−1,200.0 pp
+6,944.8 pp
+642.9 pp
−53.2 pp
+928.6 pp
−416.3 pp
+107.8 pp
+13.2 pp
−928.6 pp
+363.7 pp
−1,209.5 pp
−505.8 pp
+1,330.0 pp
+39.4 pp
+1,202.9 pp
+547.7 pp
MOIL Ltd · MOIL
+23.9 pp
+16.7 pp
+11.1 pp
+10.8 pp
−12.0 pp
−26.4 pp
−14.8 pp
−6.4 pp
+13.9 pp
+10.7 pp
+0.0 pp
+10.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
−20.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
+14.0 pp
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
+200.6 pp
−100.6 pp
−85.7 pp
−87.9 pp
−184.0 pp
+61.6 pp
+92.4 pp
+148.5 pp
+192.3 pp
+10.6 pp
−53.8 pp
−583.2 pp
−17.7 pp
−0.0 pp
+60.1 pp
+511.5 pp
—
Vedanta Ltd · VEDL
+3.3 pp
−2.4 pp
+2.2 pp
−8.3 pp
−13.3 pp
−10.7 pp
−9.2 pp
−7.4 pp
+8.0 pp
+3.0 pp
0.0 pp
+9.0 pp
−3.0 pp
+5.0 pp
+6.0 pp
−1.0 pp
0.0 pp
+2.0 pp
0.0 pp
+8.0 pp
09 · compare level, then change
Profit Scale & Acceleration
Coal India Ltd has the highest Net profit among the 13 Mining/Minerals companies compared here, at ₹31,187 crore. Vedanta Ltd is next at ₹28,556 crore. South West Pinnacle Exploration 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: Coal India Ltd leads with ₹31,187 crore of TTM profit, 9.2% above Vedanta Ltd. South West Pinnacle Exploration Ltd shows ≥100% on the scoring scale (135.8% uncapped) growth from a ₹40 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderCoal India Ltd · ₹31,187 crore
Gap9.2% versus #2 · Vedanta Ltd
Persistence3/8 recent comparable periods
Coverage13/13 companies · 209 observations
Investor read: Coal India 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
Profit growthfastest growers
Net profit · company comparison
13/13 level · 8/13 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Coal India Ltd COALINDIA | ₹8.9K Cr | 0.7% | Jun 2026 |
| Vedanta Ltd VEDL | ₹7.9K Cr | 78% | Jun 2026 |
| Indian Metals & Ferro Alloys Ltd IMFA | ₹193 Cr | 108% | Jun 2026 |
| Gujarat Mineral Development Corporation Ltd GMDCLTD | ₹163 Cr | -0.6% | Jun 2026 |
| Ashapura Minechem Ltd ASHAPURMIN | ₹108 Cr | -5.3% | Jun 2026 |
| MOIL Ltd MOIL | ₹88 Cr | 69% | Jun 2026 |
| 20 Microns Ltd 20MICRONS⚠ unverified | ₹18 Cr | 5.9% | Jun 2026 |
| South West Pinnacle Exploration Ltd SOUTHWEST⚠ unverified | ₹9 Cr | 289% | Jun 2026 |
| Midwest Energy Ltd 526570 | ₹-1 Cr | — | Jun 2026 |
| Orissa Minerals Development Company Ltd ORISSAMINE⚠ unverified | ₹-8 Cr | 297% | Mar 2026 |
| Deccan Gold Mines Ltd DECNGOLD | ₹-9 Cr | -52% | Jun 2026 |
| KIOCL Ltd KIOCL | ₹-15 Cr | -223% | Jun 2026 |
| Bharat Coking Coal Ltd BHARATCOAL | ₹-68 Cr | -138% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
20 Microns Ltd · 20MICRONS⚠ unverified
—
—
—
—
—
₹7 Cr
₹9 Cr
₹15 Cr
₹16 Cr
₹12 Cr
₹14 Cr
₹18 Cr
₹16 Cr
₹13 Cr
₹15 Cr
₹17 Cr
₹17 Cr
₹15 Cr
₹18 Cr
₹18 Cr
Ashapura Minechem Ltd · ASHAPURMIN
—
—
—
—
—
₹29 Cr
₹40 Cr
₹102 Cr
₹58 Cr
₹54 Cr
₹67 Cr
₹60 Cr
₹43 Cr
₹108 Cr
₹79 Cr
₹114 Cr
₹106 Cr
₹76 Cr
₹121 Cr
₹108 Cr
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
—
₹425 Cr
₹66 Cr
₹177 Cr
₹-53 Cr
₹-23 Cr
₹27 Cr
₹-68 Cr
Coal India Ltd · COALINDIA
—
—
—
—
₹6.0K Cr
₹7.7K Cr
₹6.9K Cr
₹10.5K Cr
₹8.0K Cr
₹10.3K Cr
₹8.5K Cr
₹10.9K Cr
₹6.3K Cr
₹8.5K Cr
₹9.6K Cr
₹8.8K Cr
₹4.3K Cr
₹7.2K Cr
₹10.9K Cr
₹8.9K Cr
Deccan Gold Mines Ltd · DECNGOLD
—
—
—
—
—
₹-1 Cr
₹-1 Cr
₹-0 Cr
₹-4 Cr
₹5 Cr
₹-68 Cr
₹38 Cr
₹-68 Cr
₹-25 Cr
₹12 Cr
₹-28 Cr
₹-20 Cr
₹-22 Cr
₹6 Cr
₹-9 Cr
Gujarat Mineral Development Corporation Ltd · GMDCLTD
₹40 Cr
₹150 Cr
₹218 Cr
₹345 Cr
₹151 Cr
₹266 Cr
₹442 Cr
₹219 Cr
₹75 Cr
₹117 Cr
₹187 Cr
₹184 Cr
₹128 Cr
₹148 Cr
₹226 Cr
₹164 Cr
₹466 Cr
₹133 Cr
₹194 Cr
₹163 Cr
Indian Metals & Ferro Alloys Ltd · IMFA
₹144 Cr
₹122 Cr
₹143 Cr
₹134 Cr
₹16 Cr
₹11 Cr
₹64 Cr
₹111 Cr
₹89 Cr
₹109 Cr
₹36 Cr
₹113 Cr
₹125 Cr
₹93 Cr
₹47 Cr
₹93 Cr
₹98 Cr
₹131 Cr
₹103 Cr
₹193 Cr
KIOCL Ltd · KIOCL
₹-30 Cr
₹-66 Cr
₹194 Cr
₹-44 Cr
₹-102 Cr
₹-34 Cr
₹82 Cr
₹-58 Cr
₹-21 Cr
₹39 Cr
₹-43 Cr
₹-51 Cr
₹-69 Cr
₹-48 Cr
₹-37 Cr
₹-38 Cr
₹-17 Cr
₹18 Cr
₹53 Cr
₹-15 Cr
Midwest Energy Ltd · 526570
—
—
—
—
₹-5 Cr
₹-1 Cr
₹-4 Cr
₹-0 Cr
₹-1 Cr
₹-0 Cr
₹-1 Cr
₹-1 Cr
₹-0 Cr
₹-1 Cr
₹-2 Cr
₹-4 Cr
₹-4 Cr
₹-3 Cr
₹-3 Cr
₹-1 Cr
MOIL Ltd · MOIL
₹60 Cr
₹124 Cr
₹131 Cr
₹103 Cr
₹27 Cr
₹40 Cr
₹81 Cr
₹87 Cr
₹62 Cr
₹54 Cr
₹91 Cr
₹152 Cr
₹50 Cr
₹64 Cr
₹116 Cr
₹52 Cr
₹70 Cr
₹53 Cr
₹93 Cr
₹88 Cr
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
—
—
₹-9 Cr
₹0 Cr
₹-15 Cr
₹2 Cr
₹2 Cr
₹13 Cr
₹-2 Cr
₹1 Cr
₹-7 Cr
₹-32 Cr
₹-3 Cr
₹3 Cr
₹4 Cr
₹-8 Cr
—
Vedanta Ltd · VEDL
—
—
—
—
—
₹3.1K Cr
₹3.1K Cr
₹3.3K Cr
₹-915 Cr
₹2.9K Cr
₹2.3K Cr
₹5.1K Cr
₹5.6K Cr
₹4.9K Cr
₹5.0K Cr
₹4.5K Cr
₹3.5K Cr
₹7.8K Cr
₹9.4K Cr
₹7.9K Cr
Profit growth · reported quarter history
20 Microns Ltd · 20MICRONS⚠ unverified
—
—
—
—
—
—
—
—
—
71%
56%
20%
0.0%
8.3%
7.1%
-5.6%
6.3%
15%
20%
5.9%
Ashapura Minechem Ltd · ASHAPURMIN
—
—
—
—
—
—
—
—
—
86%
68%
-41%
-26%
100%
18%
90%
147%
-30%
53%
-5.3%
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-105%
-59%
-138%
Coal India Ltd · COALINDIA
—
—
—
—
—
—
—
—
33%
33%
24%
4.3%
-22%
-18%
12%
-20%
-32%
-16%
14%
0.7%
Deccan Gold Mines Ltd · DECNGOLD
—
—
—
—
—
—
—
—
—
—
—
—
—
-577%
—
-174%
—
—
-52%
—
Gujarat Mineral Development Corporation Ltd · GMDCLTD
—
—
—
808%
278%
77%
103%
-37%
-50%
-56%
-58%
-16%
71%
27%
21%
-11%
264%
-10%
-14%
-0.6%
Indian Metals & Ferro Alloys Ltd · IMFA
—
—
—
35%
-89%
-91%
-55%
-17%
456%
891%
-44%
1.8%
40%
-15%
31%
-18%
-22%
41%
119%
108%
KIOCL Ltd · KIOCL
—
—
—
-120%
—
—
-58%
—
—
—
-152%
—
—
-223%
—
—
—
—
—
—
MOIL Ltd · MOIL
757%
143%
—
66%
-55%
-68%
-38%
-16%
130%
35%
12%
75%
-19%
19%
27%
-66%
40%
-17%
-20%
69%
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
—
—
—
—
—
—
—
11,142%
—
-59%
-423%
-335%
—
297%
—
—
—
South West Pinnacle Exploration Ltd · SOUTHWEST⚠ unverified
—
—
—
—
—
—
—
—
-57%
236%
-30%
419%
-56%
-1.0%
257%
28%
1,990%
122%
31%
289%
Vedanta Ltd · VEDL
—
—
—
—
—
—
—
—
—
-7.2%
-27%
54%
—
70%
118%
-13%
-38%
60%
89%
78%
10 · compare level, then change
Return On Capital Employed
Coal India Ltd has the highest ROCE among the 13 Mining/Minerals companies compared here, at 35%. Ashapura Minechem Ltd is next at 20.7%. South West Pinnacle Exploration Ltd has the highest ROCE change at +11.6 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Coal India Ltd leads ROCE at 35%, 14.3 percentage points above Ashapura Minechem Ltd. South West Pinnacle Exploration Ltd has the strongest latest improvement at +11.6 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.
LeaderCoal India Ltd · 35%
Gap69.1% versus #2 · Ashapura Minechem Ltd
PersistenceNot enough history
Coverage13/13 companies · 103 observations
Investor read: Coal India 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
ROCE changefastest improvers
Return on capital · company comparison
13/13 level · 13/13 change
Withheld from this chart: Coal India Ltd (COALINDIA) — its two data sources disagree by up to 86% on reported income across 16 comparable periods, so its derived ratios are withheld; Vedanta Ltd (VEDL) — its two data sources disagree by up to 138% on reported income across 13 comparable periods, so its derived ratios are withheld; Bharat Coking Coal Ltd (BHARATCOAL) — its two data sources disagree by up to 216% on reported income across 6 comparable periods, so its derived ratios are withheld; Ashapura Minechem Ltd (ASHAPURMIN) — its two data sources disagree by up to 16% on reported income across 14 comparable periods, so its derived ratios are withheld; Deccan Gold Mines Ltd (DECNGOLD) — its two data sources disagree by up to 89% 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
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| South West Pinnacle Exploration Ltd SOUTHWEST⚠ unverified | 29% | +11.6 pp | Jun 2026 |
| 20 Microns Ltd 20MICRONS⚠ unverified | 19% | −1.1 pp | Jun 2026 |
| Indian Metals & Ferro Alloys Ltd IMFA | 17% | −2.6 pp | Jun 2026 |
| MOIL Ltd MOIL | 8.9% | −8.7 pp | Jun 2026 |
| Gujarat Mineral Development Corporation Ltd GMDCLTD | 4.0% | −5.3 pp | Jun 2026 |
| KIOCL Ltd KIOCL | -3.0% | +9.1 pp | Jun 2026 |
| Orissa Minerals Development Company Ltd ORISSAMINE⚠ unverified | -27% | −126.7 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
20 Microns Ltd · 20MICRONS⚠ unverified
23%
—
21%
—
—
—
21%
—
22%
25%
23%
26%
21%
25%
20%
23%
19%
21%
19%
—
Gujarat Mineral Development Corporation Ltd · GMDCLTD
-0.8%
—
12%
—
20%
—
20%
—
15%
19%
8.6%
12%
9.2%
13%
9.3%
12%
7.3%
18%
4.0%
—
Indian Metals & Ferro Alloys Ltd · IMFA
26%
—
35%
—
29%
—
20%
—
19%
26%
24%
27%
23%
25%
19%
22%
15%
21%
17%
—
KIOCL Ltd · KIOCL
23%
—
15%
—
-2.6%
—
-8.5%
—
-4.9%
1.5%
-4.7%
-1.8%
-6.7%
-8.2%
-12%
-8.6%
-9.9%
-3.3%
-3.0%
—
MOIL Ltd · MOIL
11%
—
20%
—
20%
—
15%
—
15%
—
15%
20%
17%
19%
18%
13%
13%
13%
8.9%
—
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
-1.5%
—
6.7%
—
-13%
—
999%
—
120%
7.4%
-768%
74%
1,187%
100%
-22%
-30%
-32%
-27%
—
—
South West Pinnacle Exploration Ltd · SOUTHWEST⚠ unverified
14%
—
15%
—
—
—
11%
13%
8.6%
14%
11%
15%
11%
14%
13%
17%
18%
27%
21%
29%
ROCE change · reported quarter history
20 Microns Ltd · 20MICRONS⚠ unverified
—
—
—
—
—
—
−0.3 pp
—
—
—
+1.9 pp
—
−0.5 pp
−0.5 pp
−2.8 pp
−3.6 pp
−1.9 pp
−3.5 pp
−1.1 pp
—
Gujarat Mineral Development Corporation Ltd · GMDCLTD
—
—
—
—
+20.8 pp
—
+8.1 pp
—
−5.2 pp
—
−11.0 pp
—
−5.6 pp
−6.2 pp
+0.7 pp
+0.9 pp
−1.9 pp
+5.3 pp
−5.3 pp
—
Indian Metals & Ferro Alloys Ltd · IMFA
—
—
—
—
+2.6 pp
—
−15.2 pp
—
−9.5 pp
—
+4.0 pp
—
+4.0 pp
−1.2 pp
−4.8 pp
−4.4 pp
−8.0 pp
−4.6 pp
−2.6 pp
—
KIOCL Ltd · KIOCL
—
—
—
—
−26.0 pp
—
−23.4 pp
—
−2.3 pp
—
+3.8 pp
—
−1.8 pp
−9.7 pp
−7.4 pp
−6.8 pp
−3.2 pp
+4.9 pp
+9.1 pp
—
MOIL Ltd · MOIL
—
—
—
—
+9.5 pp
—
−5.1 pp
—
−4.9 pp
—
+0.3 pp
—
+1.7 pp
—
+2.4 pp
−6.6 pp
−3.8 pp
−5.9 pp
−8.7 pp
—
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
—
—
—
—
−11.7 pp
—
+992.6 pp
—
+132.9 pp
—
−1,767.2 pp
—
+1,066.9 pp
+92.5 pp
+746.1 pp
−104.2 pp
−1,218.9 pp
−126.7 pp
—
—
South West Pinnacle Exploration Ltd · SOUTHWEST⚠ unverified
—
—
—
—
—
—
−3.7 pp
—
—
—
+0.1 pp
+2.0 pp
+2.4 pp
−0.3 pp
+2.3 pp
+2.4 pp
+6.6 pp
+12.5 pp
+7.5 pp
+11.6 pp
11 · compare level, then change
Valuation Against Growth & Quality
MOIL Ltd has the lowest PEG among the 13 Mining/Minerals companies compared here, at 0.68×. Gujarat Mineral Development Corporation Ltd is next at 1.28×. Coal India Ltd has the lowest P/E at 8.42×, so level and change sit with different companies. 3 of 13 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: MOIL Ltd has the lowest comparable PEG at 0.68×, 46.9% below Gujarat Mineral Development Corporation Ltd. Only 3 of 13 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderMOIL Ltd · 0.68×
Gap46.9% versus #2 · Gujarat Mineral Development Corporation Ltd
Persistence0/8 recent comparable periods
Coverage3/13 companies · 19 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
Valuation · company comparison
3/13 level · 9/13 change
Withheld from this chart: Deccan Gold Mines Ltd (DECNGOLD) — its two data sources disagree by up to 89% 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
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Indian Metals & Ferro Alloys Ltd IMFA | 1.4 | 16.9 | Jun 2026 |
| Gujarat Mineral Development Corporation Ltd GMDCLTD | 1.3 | 32.7 | Jun 2026 |
| MOIL Ltd MOIL | 0.7 | 21.3 | Jun 2026 |
| Coal India Ltd COALINDIA | — | 8.6 | Jun 2026 |
| Vedanta Ltd VEDL | — | 6.2 | Jun 2026 |
| KIOCL Ltd KIOCL | — | 1,162.3 | Jun 2026 |
| Bharat Coking Coal Ltd BHARATCOAL | — | 140.5 | Jun 2026 |
| Ashapura Minechem Ltd ASHAPURMIN | — | 15.8 | Jun 2026 |
| Orissa Minerals Development Company Ltd ORISSAMINE⚠ unverified | — | 987.6 | Mar 2026 |
| 20 Microns Ltd 20MICRONS⚠ unverified | — | 10.5 | Jun 2026 |
| South West Pinnacle Exploration Ltd SOUTHWEST⚠ unverified | — | 20.2 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Gujarat Mineral Development Corporation Ltd · GMDCLTD
—
0.2
—
0.4
—
—
—
—
0.2
0.8
—
—
—
—
0.6
1.3
—
—
—
—
Indian Metals & Ferro Alloys Ltd · IMFA
—
—
—
—
—
0.2
—
—
—
—
0.4
0.2
—
0.3
—
1.1
—
—
—
1.4
MOIL Ltd · MOIL
—
—
0.6
—
—
—
—
—
—
0.6
1.6
—
0.4
1.1
0.7
0.7
—
—
—
—
P/E · reported quarter history
20 Microns Ltd · 20MICRONS⚠ unverified
7.5
8.6
8.7
6.9
8.2
6.8
6.1
8.0
10.8
12.8
9.6
13.6
17.4
13.7
10.9
12.8
12.5
12.1
7.7
10.5
Ashapura Minechem Ltd · ASHAPURMIN
9.3
5.5
10.1
9.7
12.6
24.0
11.5
9.9
14.6
16.9
15.3
18.1
17.3
23.1
14.7
13.8
18.1
21.5
12.2
15.8
Bharat Coking Coal Ltd · BHARATCOAL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.1
140.5
Coal India Ltd · COALINDIA
7.4
6.5
7.5
6.3
5.7
5.3
4.5
4.8
5.8
7.0
7.5
7.8
8.4
6.5
7.2
6.9
7.2
7.9
9.2
8.6
Gujarat Mineral Development Corporation Ltd · GMDCLTD
8.4
8.2
13.7
9.5
5.7
5.4
4.1
4.4
9.3
12.9
12.8
20.9
20.3
16.9
13.0
19.1
28.1
28.6
28.8
32.7
Indian Metals & Ferro Alloys Ltd · IMFA
7.9
7.2
5.4
2.7
2.4
3.4
5.1
7.5
11.0
9.7
9.2
11.7
10.5
11.9
9.0
11.0
16.9
23.2
18.0
16.9
KIOCL Ltd · KIOCL
29.2
35.3
43.1
37.3
214.3
204.8
732.8
820.6
—
535.1
563.6
661.6
—
—
—
—
—
-331.2
1,162.3
—
MOIL Ltd · MOIL
16.1
13.9
11.7
8.6
7.8
9.1
9.8
13.3
19.4
23.4
20.0
34.3
22.6
19.2
18.4
20.5
25.7
24.6
19.3
21.3
Orissa Minerals Development Company Ltd · ORISSAMINE⚠ unverified
-248.8
—
—
—
1,261.8
1,183.3
-86.2
—
-147.1
-403.7
1,258.6
—
334.4
298.1
635.9
630.8
880.6
987.6
—
—
South West Pinnacle Exploration Ltd · SOUTHWEST⚠ unverified
26.5
45.8
62.8
51.3
37.5
29.1
32.4
47.2
49.9
75.7
31.6
40.3
36.5
46.0
31.5
27.2
22.6
23.4
20.6
20.2
Vedanta Ltd · VEDL
2.5
2.4
2.7
1.6
1.9
2.5
2.6
3.5
4.0
8.5
8.9
16.6
12.8
6.0
6.5
4.3
7.9
13.7
12.1
6.2
12 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Mining/Minerals comparison names 6 specific ways its own evidence can mislead, all listed below. All 13 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 5 have 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.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 5 companies are 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.
13 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 13 Mining/Minerals 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 2026-09-11. 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 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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 standing4 cross-checked · 4 unverified · 5 withheld, of 13 graded companies.
How a second data feed is admitted, and what happens when it disagrees
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.
14 · questions investors ask, short speakable answers
Mining/Minerals company comparison FAQs
These 24 answers restate the Mining/Minerals comparison above in question form. Every one is computed from the same 13 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.
Is the Mining/Minerals sector outperforming NIFTY 500?
Mining/Minerals has outperformed NIFTY 500 by 24.4% over 52 weeks and 3.3% over 13 weeks. 5 of 12 covered companies beat NIFTY on Mansfield relative strength, while 3 of 12 beat the sector itself.
Which Mining/Minerals company is largest by revenue?
Coal India Ltd leads with revenue of ₹1,57,856 crore, based on 13 of 13 comparable companies through Jun 2026.
Which Mining/Minerals company is growing fastest?
Midwest Energy Ltd has the fastest current revenue growth at 100%, across 12 of 13 comparable companies.
Which Mining/Minerals company has the strongest 4-Factor Sector Score?
South West Pinnacle Exploration Ltd ranks first at 73.2/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Mining/Minerals company has the lowest comparable PEG?
MOIL Ltd has the lowest comparable PEG at 0.68, among 3 of 13 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Mining/Minerals comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns 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.
Is there a Nifty Mining/Minerals index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Mining/Minerals, this page builds its own equal-weight basket of 13 listed Mining/Minerals companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Mining/Minerals stocks in India?
Ranked by this page's four-factor score, South West Pinnacle Exploration Ltd places first among 13 listed Mining/Minerals companies, followed by Vedanta 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 stocks are listed in India?
This comparison covers 13 listed Mining/Minerals 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 company is the biggest?
Coal India Ltd is the largest, with trailing-twelve-month revenue of ₹1,57,856 crore, ahead of Vedanta Ltd at ₹88,898 crore. That covers 13 of 13 companies with comparable reporting through Jun 2026.
Which Mining/Minerals company has the best profit margins?
MOIL Ltd has the highest operating margin at 37%, from 12 of 13 comparable companies. Deccan Gold Mines Ltd shows the biggest improvement (+4414.3 percentage points — see the chart above for the starting level). A high margin matters most when it is holding or rising, not when it is peaking.
Which Mining/Minerals company makes the most profit?
Coal India Ltd earns the most, at ₹31,187 crore of trailing-twelve-month net profit, from 13 of 13 comparable companies. South West Pinnacle Exploration Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.
Which Mining/Minerals company earns the highest return on capital?
Coal India Ltd leads on return on capital employed at 35%, across 13 of 13 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 stock is the cheapest?
On PEG — where a LOWER number is cheaper — MOIL Ltd screens cheapest at 0.68×. Only 3 of 13 companies have earnings and growth steady enough for the ratio to mean anything, 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.
Is the Mining/Minerals sector beating the market?
Mining/Minerals has outperformed NIFTY 500 by 24.4% over the last 52 weeks and 3.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 12 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Mining/Minerals stock has the strongest price momentum?
Deccan Gold Mines 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 company scores highest for research priority?
South West Pinnacle Exploration Ltd scores 73.2 out of 100 with 87% evidence confidence, from 30.3 points on growth and earnings, 19 on capital efficiency, 12 on valuation and 11.9 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 companies does this comparison cover, and over what period?
It compares 13 listed companies over up to 20 reported quarters of fundamentals, 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 sector?
The 13 Mining/Minerals companies on this page carry ₹4,51,098 crore of combined market value. Coal India Ltd is the largest at ₹2,62,779 crore, about 58% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.
What is the Mining/Minerals sector's P/E ratio?
The median price-to-earnings ratio across the 13 Mining/Minerals companies on this page is 12.8×, measured on the 9 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 2026-09-17.
How is the Mining/Minerals sector performing?
5 of the 12 covered Mining/Minerals companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 24.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.
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.
Not SEBI Registered !! Not Investment advice !!