Iron Ore Stocks and Companies in India

The largest Iron Ore stocks in India by market value are Lloyds Metals & Energy (₹1.01 lakh crore), NMDC (₹61,455 crore) and Sarda Energy & Minerals (₹15,547 crore), at prices of 4 Nov 2026.

• Lloyds Metals & Energy: ₹1,799.60 | market value ₹1.01 lakh crore | P/E 21.3
• NMDC: ₹69.90 | market value ₹61,455 crore | P/E 8.2
• Sarda Energy & Minerals: ₹441.20 | market value ₹15,547 crore | P/E 14.1
• Godawari Power & Ispat: ₹205.72 | market value ₹13,855 crore | P/E 16.9
• Jayaswal Neco Industries: ₹91.64 | market value ₹8,898 crore | P/E 12.7
• Sandur Manganese & Iron Ores: ₹180.94 | market value ₹8,795 crore | P/E 11.9

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 6 listed Indian Mining/Minerals - Iron Ore companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Mining/Minerals - Iron Ore index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Lloyds Metals & Energy Ltd₹1 lakh cr
2. NMDC Ltd₹59,200 cr
3. Sarda Energy & Minerals Ltd₹15,500 cr
4. Godawari Power & Ispat Ltd₹13,000 cr
5. Jayaswal Neco Industries Ltd₹8,450 cr
6. Sandur Manganese & Iron Ores Ltd₹7,860 cr

6 Iron Ore companies in the Mining/Minerals - Iron Ore industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is Lloyds Metals & Energy (₹1.03 lakh crore) and the smallest with a market value is Sandur Manganese & Iron Ores.

Download all 6 Iron Ore companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 39% ahead of NIFTY 500. Earnings across its companies grew 41% on average over the last four reported quarters.

Price and the fundamentals both up. 0 of 6 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 6 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 0 of those 6 pass the momentum test (no change from four weeks earlier); earnings rising at 6 of the 6 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 6 of 6 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Mining/Minerals - Iron Ore has done better than the NIFTY 500 by 2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7.6%. Lloyds Metals & Energy Ltd is the strongest against the sector itself at +29.2%.

Mining/Minerals - Iron Ore has done better than the NIFTY 500 by 2% over 52 weeks, but is 7.6% behind over the last 13 weeks. 0 of 6 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 2 of 6 are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Jayaswal Neco Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.

Lloyds Metals & Energy Ltd has the strongest one-year price move in Mining/Minerals - Iron Ore at +39.8%. It also leads on relative strength against the NIFTY, at +22.0%. 2 of 6 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: 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.

RS vs sector: The same measure taken against Mining/Minerals - Iron Ore 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.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A fully-recovered cyclical that has already run, NOT a depressed-breakout value setup. Revenue compounded from a FY16 trough of ₹12,819 Cr to a FY26 all-time high of ₹72,475 Cr, and profit from a FY17 low of ₹2,198 Cr to ₹14,311 Cr in FY26, within ~3% of the FY22 super-cycle peak of ₹14,722 Cr.

From our industry review of 14 June 2026. A newer review (10 October 2026) did not cover Mining/Minerals - Iron Ore, so this is the latest we have.

3 of 6 Mining/Minerals - Iron Ore companies held a results call for April to June 2026. Godawari Power & Ispat guided: FY27 revenue expected above last year; external iron-ore sourcing to exceed 50%, with Q3-Q4 margins slightly below earlier-year levels.

From the results calls for April to June 2026.

Big funds, foreign and Indian, raised their stake by 0.4 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹15,951 crore in the last 12 months, 85% more than a year before.
• Projects still being built grew 105% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 6 Mining/Minerals - Iron Ore companies, in percentage points.

Ownership and spending as of 10 October 2026.

NMDC Ltd has the highest Revenue among the 6 Mining/Minerals - Iron Ore companies compared here, at ₹32,127 crore. Lloyds Metals & Energy Ltd is next at ₹22,083 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 largest at ₹32,127 crore, 45.5% ahead of Lloyds Metals & Energy Ltd. Lloyds Metals & Energy Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 230.2% from a ₹22,083 crore base, with 15 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: NMDC Ltd is the size to compare against; Lloyds Metals & Energy Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Lloyds Metals & Energy Ltd has the highest OPM among the 6 Mining/Minerals - Iron Ore companies compared here, at 38%. NMDC Ltd is next at 36%. The same company also has the highest Margin change, at +5 percentage points. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Lloyds Metals & Energy Ltd leads both opm at 38% and margin change at +5 percentage points.

What this means: Lloyds Metals & Energy Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

NMDC Ltd has the highest Net profit among the 6 Mining/Minerals - Iron Ore companies compared here, at ₹7,458 crore. Lloyds Metals & Energy Ltd is next at ₹4,921 crore. Lloyds Metals & Energy 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 earns the most, ₹7,458 crore of profit over the last 12 months, 51.6% above Lloyds Metals & Energy Ltd. Lloyds Metals & Energy Ltd shows at least 100% on the scoring scale (220.8% in full) growth from a profit base of ₹4,921 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: NMDC Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

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%. Jayaswal Neco Industries Ltd has the highest ROCE change at +8.7 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.

What the numbers say: NMDC Ltd leads ROCE at 27.6%, 0.3 percentage points above Lloyds Metals & Energy Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: NMDC Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Lloyds Metals & Energy Ltd (LLOYDSME): its two data sources disagree by up to 7.2% on reported income across 15 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.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Godawari Power & Ispat Ltd has the lowest PEG among the 6 Mining/Minerals - Iron Ore companies compared here, at 0.31×. Sandur Manganese & Iron Ores Ltd is next at 0.33×. NMDC Ltd has the lowest P/E at 7.94×, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Godawari Power & Ispat Ltd has the lowest comparable PEG at 0.31×, 6.1% below Sandur Manganese & Iron Ores Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Mining/Minerals - Iron Ore companies show up on 5 of our India lists. The most are on the copper & metal stocks list (6 companies).

This Mining/Minerals - Iron Ore comparison names 5 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-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• 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-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Sep 2026 and market data through 30 October 2026.

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 15 comparable periods, so its derived ratios are withheld.

These 24 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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.