Top Metal Stocks in India
India’s iron and steel sector continues to play an important role in the economy in 2026, with recent references placing its contribution at around 2% of GDP. India also remains the world’s second-largest crude steel producer, which reflects the sector’s importance to infrastructure, manufacturing, and domestic industrial growth. This position keeps India’s metal stocks closely linked to the country’s broader production and self-reliance goals.
Best Metal Stocks
Saturday, 2 May, 2026
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARF | Arfin India Ltd | ARFIN | /stocks/arfin-india-ARF | Metals - Diversified | 94.49 | 100.25 | 31.43 | 1,594.26 | 174.43 | 28.57 | 10.17 | 0.00 | 7.22 | 146.07 | 146.07 | 146.07 | Smallcap | Materials | Metals & Mining | Aluminum | -0.97 |
| ASHM | Ashapura Minechem Ltd | ASHAPURMIN | /stocks/ashapura-minechem-ASHM | Metals - Diversified | 631.30 | 924.90 | 316.00 | 6,030.56 | 20.39 | 28.57 | 4.93 | 0.32 | 27.65 | 90.04 | 342.24 | 308.87 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | -2.40 |
| AUROI | Auro Impex & Chemicals Ltd | AUROIMPEX | /stocks/auro-impex-and-chemicals-AUROI | Metals - Diversified | 34.00 | 60.00 | 21.25 | 41.48 | 9.00 | 28.57 | 0.88 | 0.00 | 10.36 | -35.79 | -55.09 | -55.09 | Smallcap | Capital Goods | Metals & Mining | Industrial Machinery & Supplies & Components | 0.00 |
| BAH | Baheti Recycling Industries Ltd | BAHETI | /stocks/baheti-recycling-industries-BAH | Metals - Aluminium | 600.80 | 649.90 | 478.00 | 627.65 | 23.19 | 28.57 | 10.62 | 0.00 | 35.75 | 4.38 | 422.66 | 427.02 | Smallcap | Materials | Metals & Mining | Aluminum | 2.60 |
| BMA | Bothra Metals and Alloys Ltd | BMAL | /stocks/bothra-metals-and-alloys-BMA | Metals - Aluminium | 8.11 | 13.44 | 7.08 | 15.02 | 42.91 | 28.57 | 0.86 | 0.00 | 2.01 | -15.17 | 165.90 | 157.46 | Smallcap | Materials | Metals & Mining | Aluminum | 9.89 |
| BON | Bonlon Industries Ltd | BONLON | /stocks/bonlon-industries-BON | Cables | 51.02 | 73.99 | 31.00 | 83.59 | 31.07 | 43.12 | 1.02 | 0.00 | 3.35 | 55.08 | 24.56 | 142.95 | Smallcap | Materials | Electrical Equipment | Copper | 0.24 |
| CNTX | Century Extrusions Ltd | CENTEXT | /stocks/century-extrusions-CNTX | Metals - Aluminium | 21.72 | 34.75 | 15.67 | 173.76 | 17.48 | 28.57 | 2.09 | 0.00 | 12.74 | 19.87 | 112.94 | 325.88 | Smallcap | Materials | Metals & Mining | Aluminum | -1.63 |
| CRE | Creative Castings Ltd | CREATIVE | /stocks/creative-castings-CRE | Metals - Iron | 600.00 | 825.00 | 485.00 | 78.00 | 21.55 | 28.57 | 1.86 | 0.00 | 8.94 | -1.22 | 28.04 | 66.67 | Smallcap | Materials | Metals & Mining | Steel | -0.82 |
| CUBE | Cubex Tubings Ltd | CUBEXTUB | /stocks/cubex-tubings-CUBE | Metals - Copper | 98.30 | 143.69 | 67.11 | 140.76 | 21.10 | 28.57 | 1.86 | 0.00 | 9.20 | 33.02 | 139.76 | 243.71 | Smallcap | Materials | Metals & Mining | Copper | -2.10 |
| EUROB | Euro Panel Products Ltd | EUROBOND | /stocks/euro-panel-products-EUROB | Metals - Aluminium | 172.97 | 254.50 | 126.30 | 423.78 | 22.98 | 28.57 | 3.18 | 0.00 | 14.86 | 6.48 | 50.47 | 142.25 | Smallcap | Capital Goods | Metals & Mining | Building Products | 1.19 |
| GOAC | Goa Carbon Ltd | GOACARBON | /stocks/goa-carbon-GOAC | Metals - Coke | 370.70 | 532.80 | 272.85 | 339.23 | -15.40 | 28.57 | 1.56 | 0.00 | -9.47 | -18.05 | -24.79 | 17.83 | Smallcap | Materials | Metals & Mining | Aluminum | -1.29 |
| GOLKO | Golkonda Aluminium Extrusions Ltd | GOLKONDA | /stocks/golkonda-aluminium-extrusions-GOLKO | Metals - Aluminium | 7.32 | 13.70 | 6.17 | 3.86 | 48.22 | 30.43 | 0.47 | 0.00 | 0.98 | -29.82 | -64.01 | -51.87 | Smallcap | Capital Goods | Metals & Mining | Trading Companies & Distributors | -4.94 |
| GRAI | Gravita India Ltd | GRAVITA | /stocks/gravita-india-GRAI | Metals - Lead | 1,630.00 | 2,170.00 | 1,266.90 | 11,871.74 | 38.00 | 28.57 | 5.71 | 0.39 | 21.34 | -6.99 | 219.23 | 1,608.60 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | -1.12 |
| GSM | GSM Foils Ltd | GSMFOILS | /stocks/gsm-foils-GSM | Metals - Aluminium | 204.60 | 255.15 | 127.12 | 288.34 | 14.53 | 28.57 | 9.23 | 0.00 | 45.61 | 55.31 | 520.38 | 520.38 | Smallcap | Health Care Equipment & Services | Metals & Mining | Health Care Supplies | -1.21 |
| HALC | Hindalco Industries Ltd | HINDALCO | /stocks/hindalco-industries-HALC | Metals - Aluminium | 1,038.00 | 1,080.00 | 603.75 | 232,112.70 | 14.51 | 28.57 | 1.88 | 0.48 | 13.92 | 66.17 | 132.66 | 184.85 | Largecap | Materials | Metals & Mining | Aluminum | -2.74 |
| HIN | Hind Aluminium Industries Ltd | HINDALUMI | /stocks/hind-aluminium-industries-HIN | Metals - Aluminium | 103.51 | 162.55 | 57.25 | 65.21 | 8.78 | 28.57 | 0.77 | 0.00 | 9.22 | 38.42 | 170.90 | 170.26 | Smallcap | Materials | Metals & Mining | Aluminum | -0.01 |
| INDC | Inducto Steels Ltd | INDCTST | /stocks/inducto-steel-INDC | Metals - Diversified | 50.00 | 88.50 | 43.55 | 20.09 | -5.41 | 28.57 | 0.51 | 0.00 | -8.97 | -10.81 | 63.93 | 182.49 | Smallcap | Commercial & Professional Services | Metals & Mining | Environmental & Facilities Services | -1.19 |
| INDS | Indsil Hydro Power and Manganese Ltd | INDSILHYD | /stocks/indsil-hydro-power-and-manganese-INDS | Metals - Iron | 42.64 | 67.50 | 29.50 | 118.50 | 1.56 | 28.57 | 0.64 | 1.17 | 48.80 | -1.48 | 11.16 | 228.76 | Smallcap | Materials | Metals & Mining | Steel | 0.99 |
| INNOM | Innomet Advanced Materials Ltd | INNOMET | /stocks/innomet-advanced-materials-INNOM | Metals - Diversified | 91.05 | 216.00 | 63.15 | 117.82 | 63.35 | 28.57 | 2.85 | 0.00 | 6.64 | -32.56 | -54.36 | -54.36 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | 2.25 |
| JAINA | Jainam Ferro Alloys (I) Ltd | JAINAM | /stocks/jainam-ferro-alloys-i-JAINA | Metals - Diversified | 244.00 | 322.85 | 169.00 | 285.75 | 28.58 | 28.57 | 2.15 | 0.00 | 8.42 | 1.67 | 76.81 | 233.79 | Smallcap | Materials | Metals & Mining | Steel | 4.72 |
| MADC | Madhav Copper Ltd | MCL | /stocks/madhav-copper-MADC | Metals - Copper | 58.55 | 93.20 | 42.00 | 158.92 | 33.96 | 28.57 | 3.48 | 0.00 | 10.79 | 5.14 | 87.06 | -33.28 | Smallcap | Materials | Metals & Mining | Copper | -1.16 |
| MAID | Maiden Forgings Ltd | MAIDEN | /stocks/maiden-forgings-MAID | Metals - Diversified | 85.45 | 96.85 | 63.52 | 121.44 | 20.07 | 28.57 | 1.59 | 0.00 | 8.21 | 16.13 | 33.87 | 42.75 | Smallcap | Materials | Metals & Mining | Steel | 7.76 |
| MANA | Maan Aluminium Ltd | MAANALU | /stocks/maan-aluminium-MANA | Metals - Aluminium | 150.60 | 184.74 | 82.10 | 903.37 | 58.24 | 28.57 | 5.06 | 0.00 | 9.08 | 77.91 | 227.75 | 548.30 | Smallcap | Materials | Metals & Mining | Aluminum | 1.14 |
| MANC | Manaksia Coated Metals & Industries Ltd | MANAKCOAT | /stocks/manaksia-coated-metals-and-industries-MANC | Metals - Diversified | 108.89 | 182.82 | 84.50 | 1,152.43 | 74.83 | 28.57 | 5.08 | 0.03 | 8.13 | 19.42 | 602.52 | 598.01 | Smallcap | Materials | Metals & Mining | Steel | -2.98 |
| MANK | Manaksia Ltd | MANAKSIA | /stocks/manaksia-MANK | Metals - Diversified | 59.16 | 85.60 | 42.10 | 387.70 | 6.93 | 28.57 | 0.65 | 0.00 | 9.53 | -9.17 | -57.07 | 5.08 | Smallcap | Materials | Metals & Mining | Aluminum | -0.77 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of metal stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Selection Criteria: Companies that are associated with the metal sector in India, based on publicly available information.
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Disclosures for the Metal Tracker smallcase.
What are Metal Stocks in India?
Metal stocks are shares of companies engaged in the exploration, production, processing, or distribution of metals such as steel, aluminium, copper, and zinc. Indian metal stocks are listed on major stock exchanges, including the National Stock Exchange (NSE).
Union Budget 2026-27 Announcements Affecting the Rare Earth & Mining Sector in India
- Dedicated Rare Earth Corridors announced: The Budget supports mineral-rich states such as Odisha, Kerala, Andhra Pradesh and Tamil Nadu to develop integrated corridors covering mining, processing, research and manufacturing.
- Value chain development for critical minerals: The Budget focuses on building domestic industrial chains for rare earths that support EVs, electronics, defence and renewable energy sectors.
- Incentives for permanent magnet production: The Budget provides support for rare earth permanent magnet manufacturing, which is essential for engines and advanced mobility systems.
- Mining policy alignment with global competitiveness: The Budget shifts mining policy to reduce import dependence and strengthen India’s position in global critical mineral supply chains.
About the Best Metal Stocks in India
- Vedanta Ltd: Vedanta Ltd is a diversified natural resources company. It produces zinc, copper, lead, silver, oil, and gas, with operations in India and global markets.
- NLC India Ltd: NLC India Ltd is a state-owned company engaged in lignite mining and power generation. It operates coal mines and thermal plants within India’s energy sector.
- Jain Resource Recycling Ltd: Jain Resource Recycling Ltd focuses on metal scrap recycling. The company provides eco-friendly solutions for industries such as steel, automotive, and manufacturing.
- Mishra Dhatu Nigam Ltd: Mishra Dhatu Nigam Ltd produces high-performance alloys and metals. It serves defence, aerospace, nuclear, and power sectors with specialised materials.
- Ashapura Minechem Ltd: Ashapura Minechem Ltd operates in mining and mineral exports. The company supplies bentonite and other minerals to oil and gas, foundry, and construction sectors.
How to Invest in Metal Sector Stocks?
Here is how you can invest in the best metal stocks in NSE:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top metal stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a metal sector stocks list.
- Place a ‘Buy’ Order on the top metal stocks that align with your investment thesis.
What is the Nifty Metal Index?
Nifty Metal, or Nifty Metal Index, is a stock market index of metals sector stocks and mining companies listed on the NSE in India. It includes 15 companies that produce and distribute metals like steel, aluminium, copper, and zinc. The index is calculated using the free float market capitalisation method.
Benefits of Investing in Metal Stocks in India
- Strong Sector Demand: India uses metal across infrastructure, construction, and manufacturing. Steel production reached 106.5 mn tonnes in 2025. Large projects under the National Infrastructure Pipeline and PM Gati Shakti continue to support sector activity.
- Link to Global Trends: Metal stocks also respond to global price movements. Aluminium prices rose 22% in 2025 as supply stayed tight and demand increased from the automotive and renewable energy sectors.
- Policy Support: Government policy continues to support the sector. The Production-Linked Incentive scheme for steel and the auctions of critical minerals are part of this push. India also aims to raise steel production to 300 mn tonnes by 2030.
Risks of Investing in Metal Stocks in India
- Price Volatility: Global commodity prices can fluctuate wildly. Copper prices fell by 18% in Q1 2026 amid global supply disruptions, highlighting the risk of price swings.
- Geopolitical and Regulatory Risks: India’s metal stocks are vulnerable to geopolitical events (e.g., tensions between major producers like China and the US). Additionally, environmental regulations in mining can increase operational costs.
- Cyclical Nature of the Industry: The metal industry is highly cyclical. For example, during the 2020-2021 downturn, companies like Tata Steel and JSW Steel saw significant declines in profitability before recovering with the post-pandemic infrastructure boom.
Factors to Consider Before Investing in Metal Shares
- Financial Health: Key financial metrics such as profit margins, debt levels, and cash flow indicate business performance. For instance, Vedanta Ltd reported a profit margin of 18.5% in FY 2025, reflecting profitability despite market pressures.
- Global Demand Drivers: Demand trends across sectors such as renewable energy and electric vehicles influence metal consumption. The global EV market, projected to reach $800 bn by 2030, continues to drive demand for metals such as copper and aluminium.
- Risk Factors: External factors such as raw material availability and currency movements affect operations. Rupee depreciation in 2025 increased costs for companies importing metals, highlighting the impact of macroeconomic conditions on the sector.
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To Wrap It Up…
The future of metal stocks in India looks promising. Metal stocks under ₹100 can offer opportunities for long-term growth and portfolio diversification, while metal stocks for beginners provide an accessible entry into the sector. Factors such as global economic conditions, supply-and-demand dynamics, government policies, and industry-specific trends remain important.
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Frequently Asked Questions About Metal Stocks
1. What are metal stocks in India?
Metal stocks in India refer to shares of companies involved in mining, processing, and producing metals such as steel, aluminium, copper, and zinc. Their performance depends on commodity prices, demand from infrastructure and manufacturing, and global trade conditions.
2. Which is the best metal stock in India?
The following are the best metal stocks in India based on market capitalisation as of 30th March, 2026:
- Vedanta Ltd
- NLC India Ltd
- Jain Resource Recycling Ltd
- Mishra Dhatu Nigam Ltd
- Ashapura Minechem Ltd
Disclaimer: Please note that the above metal stocks list is for educational purposes only, and is not recommendatory.
3. How can I invest in metal sector stocks in India?
To invest in the Nifty metal stocks, open a trading account, research dividend-paying metal stocks using tools like Tickertape, place a buy order, and track your holdings until exit.
4. Is it a good time to invest in top metal stocks in India?
The metal sector contributes around 2% to India’s GDP. Tracking low-risk metal stocks can help identify relatively stable options amidst market volatility.
Disclaimer: This information is for educational purposes only and does not constitute investment advice. Market conditions, risk levels, and individual financial situations may vary.
5. How do metal prices affect metal stocks?
Metal stock performance often follows global and domestic metal prices. Rising prices may boost revenues for high-volume metal stocks, while falling prices can affect profitability.
6. Are metal stocks cyclical in nature?
Yes, metal stocks are typically cyclical. Observing metal stock market trends can provide insights into performance across economic cycles, infrastructure, and industrial output.
7. How do international markets impact Indian metal stocks?
Global demand, exports, and metal price today trends influence Indian metal stocks, especially for companies with diversified portfolios and significant international exposure.
Explore the Popular Stock Collections:
Thematic Stocks:
Keep yourself informed and up-to-date on a variety of thematic sectors by reading the articles below:
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Stocks Under Budget:
If you are looking for stocks under a particular price range, here’s the collection of stocks under a specifc budget:
