In the ever-evolving landscape of the metal industry, keeping a keen eye on emerging stocks is crucial for investors seeking growth opportunities and staying ahead of market trends. The metal sector continues to be dynamic, influenced by factors such as technological advancements, geopolitical developments, and global economic shifts. With this in mind, we present a curated list of the top 45+ metal stocks to watch in 2024.
These stocks span various sub sectors of the metal industry, including non-ferrous metals like aluminium, copper, and zinc, as well as ferrous metals like steel. Each company on this list represents a unique investment opportunity, driven by factors such as market capitalization, financial performance, technological innovation, and strategic positioning in the global metal market. By examining these stocks, investors can gain valuable insights into the trends shaping the metal industry in 2024 and make informed decisions to optimize their investment portfolios.
Hindustan Zinc Ltd. (HINDZINC):
Hindustan Zinc Ltd. operates in the non-ferrous metal industry and boasts a market cap of Rs. 222,927.83 crores. As of March 2024, the company has a total debt of Rs. 8,456 crores and an enterprise value of Rs. 231,208.83 crores. In the fiscal year ending March 2023, Hindustan Zinc reported net sales of Rs. 34,098 crores and a profit after tax of Rs. 10,511 crores. With a price-earning ratio of 28.73 and a return on equity of 44.53%, Hindustan Zinc demonstrates strong financial performance and profitability in the non-ferrous metal sector.
Vedanta Ltd. (VEDL):
Vedanta Ltd., another major player in the non-ferrous metal industry, has a market cap of Rs. 152,684.25 crores. The company’s total debt stands at Rs. 71,758 crores, with an enterprise value of Rs. 220,115.25 crores. In the fiscal year ending March 2023, Vedanta reported net sales of Rs. 1,47,308 crores and a profit after tax of Rs. 14,506 crores. Despite a relatively higher debt-equity ratio of 2.04, Vedanta maintains a healthy return on equity of 27.76%, indicating efficient utilization of capital and strong financial performance.
Hindalco Industries Ltd. (HINDALCO):
Hindalco Industries Ltd. is a leading player in the non-ferrous metal industry with a market cap of Rs. 140,597.1 crores. As of September 2023, the company’s total debt amounted to Rs. 56,575 crores, with an enterprise value of Rs. 183,242.1 crores. In the fiscal year ending March 2023, Hindalco reported net sales of Rs. 2,23,202 crores and a profit after tax of Rs. 10,097 crores. Despite a moderate price-earning ratio of 14.97, Hindalco demonstrates a commendable return on equity of 11.65%, reflecting stable financial performance and profitability.
Hindustan Copper Ltd. (HINDCOPPER):
Hindustan Copper Ltd. operates in the non-ferrous metal industry and has a market cap of Rs. 36,040.99 crores. The company’s total debt stands at Rs. 290.55 crores, with an enterprise value of Rs. 35,982.61 crores. In the fiscal year ending March 2023, Hindustan Copper reported net sales of Rs. 1,677.33 crores and a profit after tax of Rs. 295.32 crores. With a price-earning ratio of 16.01 and a return on equity of 14.79%, Hindustan Copper exhibits moderate financial performance and profitability in the non-ferrous metal sector.
National Aluminium Company Ltd. (NATIONALUM):
National Aluminium Company Ltd., operating in the aluminum and aluminum products sector, boasts a market cap of Rs. 31,939.03 crores. As of September 2023, the company’s total debt stood at Rs. 40.35 crores, with an enterprise value of Rs. 30,008.75 crores. In the fiscal year ending March 2023, National Aluminium Company reported net sales of Rs. 14,254.86 crores and a profit after tax of Rs. 1,434.66 crores. With a price-earning ratio of 21.48 and a return on equity of 11.17%, National Aluminium Company demonstrates stable financial performance and profitability in the aluminum sector.
Gravita India Ltd. (GRAVITA):
Gravita India Ltd., operating in the non-ferrous metal sector, has a market cap of Rs. 6,282.45 crores. As of March 2024, the company’s total debt amounted to Rs. 545.13 crores, with an enterprise value of Rs. 6,728.8 crores. In the fiscal year ending March 2023, Gravita India reported net sales of Rs. 2,800.6 crores and a profit after tax of Rs. 204.09 crores. Despite a relatively high debt-equity ratio of 0.58, Gravita India maintains a commendable return on equity of 41.83%, reflecting efficient capital utilization and strong financial performance in the non-ferrous metal sector.
Shivalik Bimetal Controls Ltd. (SBCL):
Shivalik Bimetal Controls Ltd., also operating in the non-ferrous metal sector, has a market cap of Rs. 3,201.93 crores. As of September 2023, the company’s total debt stood at Rs. 42.44 crores, with an enterprise value of Rs. 3,211.93 crores. In the fiscal year ending March 2023, Shivalik Bimetal Controls reported net sales of Rs. 470.37 crores and a profit after tax of Rs. 79.1 crores. With a price-earning ratio of 39.98 and a return on equity of 34.61%, Shivalik Bimetal Controls demonstrates strong financial performance and profitability in the non-ferrous metal sector.
Bharat Wire Ropes Ltd. (BHARATWIRE):
Bharat Wire Ropes Ltd., operating in the non-ferrous metal sector, has a market cap of Rs. 1,746.64 crores. As of March 2024, the company’s total debt amounted to Rs. 132.23 crores, with an enterprise value of Rs. 1,870.55 crores. In the fiscal year ending March 2023, Bharat Wire Ropes reported net sales of Rs. 589.06 crores and a profit after tax of Rs. 62.23 crores. With a price-earning ratio of 18.16 and a return on equity of 12.31%, Bharat Wire Ropes demonstrates moderate financial performance and profitability in the non-ferrous metal sector.
Ram Ratna Wires Ltd. (RAMRAT):
Ram Ratna Wires Ltd., operating in the non-ferrous metal sector, has a market cap of Rs. 1,666.06 crores. As of September 2023, the company’s total debt stood at Rs. 265.12 crores, with an enterprise value of Rs. 1,928.74 crores. In the fiscal year ending March 2023, Ram Ratna Wires reported net sales of Rs. 2,649.6 crores and a profit after tax of Rs. 47 crores. With a price-earning ratio of 33.51 and a return on equity of 16.12%, Ram Ratna Wires demonstrates stable financial performance and profitability in the non-ferrous metal sector.
Hardwyn India Ltd. (HARDWYN):
Hardwyn India Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 1000.24 crores. As of September 2023, the company’s total debt stood at Rs. 5.12 crores, with an enterprise value of Rs. 1003.88 crores. In the fiscal year ending March 2023, Hardwyn India reported net sales of Rs. 164.66 crores and a profit after tax of Rs. 11.57 crores. With a price-earning ratio of 86.48 and a return on equity of 3.1%, Hardwyn India demonstrates moderate financial performance in the aluminium sector.
Pondy Oxides & Chemicals Ltd. (POCL):
Pondy Oxides & Chemicals Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 842.16 crores. As of September 2023, the company’s total debt amounted to Rs. 196.82 crores, with an enterprise value of Rs. 1038.01 crores. In the fiscal year ending March 2023, Pondy Oxides & Chemicals reported net sales of Rs. 1476.18 crores and a profit after tax of Rs. 75.62 crores. With a price-earning ratio of 13.73 and a return on equity of 49.69%, Pondy Oxides & Chemicals demonstrates strong financial performance and profitability in the non-ferrous metal sector.
Arfin India Ltd. (539151):
Arfin India Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 818.98 crores. As of September 2023, the company’s total debt stood at Rs. 114.45 crores, with an enterprise value of Rs. 930.96 crores. In the fiscal year ending March 2023, Arfin India reported net sales of Rs. 544.11 crores and a profit after tax of Rs. 10.32 crores. With a price-earning ratio of 94.87 and a return on equity of 12.54%, Arfin India demonstrates moderate financial performance in the aluminium sector.
Maan Aluminium Ltd. (MAANALU):
Maan Aluminium Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 785.85 crores. As of September 2023, the company’s total debt amounted to Rs. 45.7 crores, with an enterprise value of Rs. 829.48 crores. In the fiscal year ending March 2023, Maan Aluminium reported net sales of Rs. 813.85 crores and a profit after tax of Rs. 49.97 crores. With a price-earning ratio of 19.68 and a return on equity of 46.56%, Maan Aluminium demonstrates strong financial performance and profitability in the aluminium sector.
MMP Industries Ltd. (MMP):
MMP Industries Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 676.47 crores. As of September 2023, the company’s total debt stood at Rs. 80.24 crores, with an enterprise value of Rs. 756.55 crores. In the fiscal year ending March 2023, MMP Industries reported net sales of Rs. 538.29 crores and a profit after tax of Rs. 21.32 crores. With a price-earning ratio of 23.72 and a return on equity of 8.61%, MMP Industries demonstrates moderate financial performance in the aluminium sector.
Euro Panel Products Ltd. (EUROBOND):
Euro Panel Products Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 445.9 crores. As of September 2023, the company’s total debt stood at Rs. 51.43 crores, with an enterprise value of Rs. 491.9 crores. In the fiscal year ending March 2023, Euro Panel Products reported net sales of Rs. 329.54 crores and a profit after tax of Rs. 10.08 crores. With a price-earning ratio of 44.24 and a return on equity of 10.57%, Euro Panel Products demonstrates stable financial performance in the aluminium sector.
Shera Energy Ltd. (SHERA):
Shera Energy Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 422.15 crores. As of September 2023, the company’s total debt amounted to Rs. 118.66 crores, with an enterprise value of Rs. 526.11 crores. In the fiscal year ending March 2024, Shera Energy reported net sales of Rs. 696.39 crores and a profit after tax of Rs. 9.11 crores. With a price-earning ratio of 35.54 and a return on equity of 11.68%, Shera Energy demonstrates moderate financial performance and profitability in the non-ferrous metal sector.
Nile Ltd. (530129):
Nile Ltd., also operating in the non-ferrous metal sector, has a market capitalization of Rs. 394.72 crores. As of September 2023, the company’s total debt stood at Rs. 24.41 crores, with an enterprise value of Rs. 419.13 crores. In the fiscal year ending March 2023, Nile Ltd. reported net sales of Rs. 806.32 crores and a profit after tax of Rs. 22.57 crores. With a price-earning ratio of 11.74 and a return on equity of 11.97%, Nile Ltd. demonstrates stable financial performance and profitability in the non-ferrous metal sector.
Bhagyanagar India Ltd. (BHAGYANGR):
Bhagyanagar India Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 375.94 crores. As of September 2023, the company’s total debt stood at Rs. 148.2 crores, with an enterprise value of Rs. 522.96 crores. In the fiscal year ending March 2023, Bhagyanagar India reported net sales of Rs. 1846.59 crores and a profit after tax of Rs. 10.13 crores. With a price-earning ratio of 7.66 and a return on equity of 7.11%, Bhagyanagar India demonstrates moderate financial performance in the non-ferrous metal sector.
Rajnandini Metal Ltd. (RAJMET):
Rajnandini Metal Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 293.07 crores. As of September 2023, the company’s total debt amounted to Rs. 97.41 crores, with an enterprise value of Rs. 389.86 crores. In the fiscal year ending March 2023, Rajnandini Metal reported net sales of Rs. 1028.88 crores and a profit after tax of Rs. 13.68 crores. With a price-earning ratio of 16.01 and a return on equity of 38.52%, Rajnandini Metal demonstrates strong financial performance and profitability in the non-ferrous metal sector.
Baheti Recycling Industries Ltd. (BAHETI):
Baheti Recycling Industries Ltd., operating in the aluminium and aluminium products segment, boasts a market capitalization of Rs. 275.18 crores. As of September 2023, the company carries a total debt of Rs. 99.28 crores, contributing to an enterprise value of Rs. 374.46 crores. In the fiscal year ending March 2023, Baheti Recycling reported net sales of Rs. 359.96 crores and a profit after tax of Rs. 5.28 crores. With a price-earning ratio of 52.08 and a return on equity of 20.66%, Baheti Recycling showcases moderate financial performance in the aluminium sector.
PG Foils Ltd. (526747):
PG Foils Ltd., another player in the aluminium and aluminium products segment, has a market capitalization of Rs. 213.96 crores. As of September 2023, the company’s total debt stood at Rs. 67.44 crores, contributing to an enterprise value of Rs. 278.9 crores. In the fiscal year ending March 2023, PG Foils reported net sales of Rs. 337.32 crores and a profit after tax of Rs. 0.22 crores. With a price-earning ratio of 22.41 and a return on equity of 0.08%, PG Foils demonstrates modest financial performance in the aluminium sector.
Pocl Enterprises Ltd. (539195):
Pocl Enterprises Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 170.63 crores. As of September 2023, the company’s total debt amounted to Rs. 99.26 crores, contributing to an enterprise value of Rs. 265.88 crores. In the fiscal year ending March 2023, Pocl Enterprises reported net sales of Rs. 874.36 crores and a profit after tax of Rs. 12.89 crores. With a price-earning ratio of 13.25 and a return on equity of 28.58%, Pocl Enterprises demonstrates robust financial performance and profitability in the non-ferrous metal sector.
Manaksia Aluminium Company Ltd. (539045):
Manaksia Aluminium Company Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 154.01 crores. As of September 2023, the company’s total debt stood at Rs. 152.08 crores, contributing to an enterprise value of Rs. 289.2 crores. In the fiscal year ending March 2023, Manaksia Aluminium reported net sales of Rs. 466.37 crores and a profit after tax of Rs. 8.87 crores. With a price-earning ratio of 22.07 and a return on equity of 7.35%, Manaksia Aluminium demonstrates moderate financial performance in the aluminium sector.
Siyaram Recycling Industries Ltd. (544047):
Siyaram Recycling Industries Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 148.44 crores. As of March 2023, the company carries a total debt of Rs. 67.07 crores, contributing to an enterprise value of Rs. 214.79 crores. In the fiscal year ending March 2023, Siyaram Recycling reported net sales of Rs. 492.87 crores and a profit after tax of Rs. 7.65 crores. With a price-earning ratio of 19.39 and a return on equity of 17.97%, Siyaram Recycling showcases moderate financial performance and profitability in the non-ferrous metal sector.
Cubex Tubings Ltd. (526027):
Cubex Tubings Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 146.55 crores. As of September 2023, the company’s total debt stood at Rs. 12.6 crores, contributing to an enterprise value of Rs. 159.16 crores. In the fiscal year ending March 2023, Cubex Tubings reported net sales of Rs. 191.05 crores and a profit after tax of Rs. 2.65 crores. With a price-earning ratio of 34.42 and a return on equity of 4.18%, Cubex Tubings demonstrates moderate financial performance in the non-ferrous metal sector.
Century Extrusions Ltd. (500083):
Century Extrusions Ltd., operating in the aluminium and aluminium products segment, boasts a market capitalization of Rs. 142.4 crores. As of September 2023, the company carries a total debt of Rs. 41.36 crores, contributing to an enterprise value of Rs. 177.58 crores. In the fiscal year ending March 2023, Century Extrusions reported net sales of Rs. 372.01 crores and a profit after tax of Rs. 5.97 crores. With a price-earning ratio of 21 and a return on equity of 9.6%, Century Extrusions demonstrates stable financial performance in the aluminium sector.
Madhav Copper Ltd. (MCL):
Madhav Copper Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 104.5 crores. As of March 2024, the company carries a total debt of Rs. 13.42 crores, contributing to an enterprise value of Rs. 117.64 crores. In the fiscal year ending March 2024, Madhav Copper reported net sales of Rs. 85.17 crores and a profit after tax of -4.41 crores. With a price-earning ratio of 2.55 and a return on equity of -10.51%, Madhav Copper faces challenges in its financial performance, indicating the need for strategic improvements.
Precision Metaliks Ltd. (PRECISION):
Precision Metaliks Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 103.55 crores. As of September 2023, the company’s total debt stood at Rs. 4.47 crores, contributing to an enterprise value of Rs. 108.01 crores. In the fiscal year ending March 2023, Precision Metaliks reported net sales of Rs. 188.63 crores and a profit after tax of Rs. 7.1 crores. With a price-earning ratio of 14.58 and a return on equity of 16.04%, Precision Metaliks demonstrates stable financial performance in the non-ferrous metal sector.
Shalimar Wires Industries Ltd. (532455):
Shalimar Wires Industries Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 97.05 crores. As of September 2023, the company carries a total debt of Rs. 92 crores, contributing to an enterprise value of Rs. 187.07 crores. In the fiscal year ending March 2023, Shalimar Wires reported net sales of Rs. 120.8 crores and a profit after tax of Rs. 6.53 crores. With a price-earning ratio of 16.84 and a return on equity of 22.22%, Shalimar Wires showcases stable financial performance and profitability in the non-ferrous metal sector.
Southern Magnesium & Chemicals Ltd. (513498):
Southern Magnesium & Chemicals Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 78.97 crores. As of September 2023, the company’s total debt stood at Rs. 3.25 crores, contributing to an enterprise value of Rs. 78.29 crores. In the fiscal year ending March 2023, Southern Magnesium reported net sales of Rs. 8.57 crores and a profit after tax of Rs. 3.53 crores. With a price-earning ratio of 24.02 and a return on equity of 76.25%, Southern Magnesium demonstrates robust financial performance and profitability in the non-ferrous metal sector.
Baroda Extrusion Ltd. (513502):
Baroda Extrusion Ltd., another player in the non-ferrous metal sector, has a market capitalization of Rs. 68.71 crores. As of September 2023, the company carries a total debt of Rs. 53.12 crores, contributing to an enterprise value of Rs. 121.83 crores. In the fiscal year ending March 2023, Baroda Extrusion reported net sales of Rs. 130.11 crores and a profit after tax of -3.42 crores. With a price-earning ratio of 76.52 and a return on equity of 0, Baroda Extrusion faces challenges in its financial performance, indicating the need for strategic improvements.
Poojawestern Metaliks Ltd. (540727):
Poojawestern Metaliks Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 52.61 crores. As of September 2023, the company’s total debt stood at Rs. 14.17 crores, contributing to an enterprise value of Rs. 66.78 crores. In the fiscal year ending March 2023, Poojawestern Metaliks reported net sales of Rs. 31.17 crores and a profit after tax of 1.06 crores. With a price-earning ratio of 30.67 and a return on equity of 9.06%, Poojawestern Metaliks demonstrates stable financial performance in the non-ferrous metal sector.
Sacheta Metals Ltd. (531869):
Sacheta Metals Ltd., operating in the aluminium and aluminium products segment, boasts a market capitalization of Rs. 50.92 crores. As of September 2023, the company carries a total debt of Rs. 17.34 crores, contributing to an enterprise value of Rs. 68.27 crores. In the fiscal year ending March 2023, Sacheta Metals reported net sales of Rs. 97.96 crores and a profit after tax of 2.06 crores. With a price-earning ratio of 31.63 and a return on equity of 5.69%, Sacheta Metals demonstrates stable financial performance in the aluminium sector.
Bonlon Industries Ltd. (543211):
Bonlon Industries Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 50.73 crores. As of September 2023, the company carries a total debt of Rs. 24.37 crores, contributing to an enterprise value of Rs. 74.34 crores. In the fiscal year ending March 2023, Bonlon Industries reported net sales of Rs. 511.04 crores and a profit after tax of 1.68 crores. With a price-earning ratio of 47.68 and a return on equity of 2.23%, Bonlon Industries demonstrates moderate financial performance in the non-ferrous metal sector.
Sagardeep Alloys Ltd. (SAGARDEEP):
Sagardeep Alloys Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 47.42 crores. As of September 2023, the company’s total debt stood at Rs. 22.78 crores, contributing to an enterprise value of Rs. 62.92 crores. In the fiscal year ending March 2023, Sagardeep Alloys reported net sales of Rs. 87.08 crores and a profit after tax of 0.55 crores. With a price-earning ratio of 112.9 and a return on equity of 2.07%, Sagardeep Alloys demonstrates promising financial performance and growth potential in the non-ferrous metal industry.
Sudal Industries Ltd. (506003):
Sudal Industries Ltd., specializing in aluminium and aluminium products, boasts a market capitalization of Rs. 37.86 crores. As of September 2023, the company carries a total debt of Rs. 22.08 crores, contributing to an enterprise value of Rs. 58.78 crores. In the fiscal year ending March 2023, Sudal Industries reported net sales of Rs. 159.85 crores and a profit after tax of -33.38 crores. With a price-earning ratio of 0.35 and a return on equity of -0.33%, Sudal Industries faces challenges in its financial performance, indicating the need for strategic improvements.
Palco Metals Ltd. (539121):
Palco Metals Ltd., also operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 37.6 crores. As of September 2023, the company carries a total debt of Rs. – contributing to an enterprise value of Rs. 31.43 crores. In the fiscal year ending March 2023, Palco Metals reported net sales of Rs. 159.68 crores and a profit after tax of 1.4 crores. With a price-earning ratio of 9.58 and a return on equity of 9.25%, Palco Metals demonstrates stable financial performance in the non-ferrous metal industry.
Hind Aluminium Industries Ltd. (531979):
Hind Aluminium Industries Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 35.73 crores. As of September 2023, the company carries a total debt of Rs. 0.27 crores, contributing to an enterprise value of Rs. 35.81 crores. In the fiscal year ending March 2023, Hind Aluminium Industries reported net sales of Rs. 3.1 crores and a profit after tax of -4.26 crores. With a price-earning ratio of 3.03 and a return on equity of -6.93%, Hind Aluminium Industries faces challenges in its financial performance, indicating the need for strategic interventions.
B.C. Power Controls Ltd. (537766):
B.C. Power Controls Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 34.34 crores. As of September 2023, the company carries a total debt of – contributing to an enterprise value of Rs. 34.11 crores. In the fiscal year ending March 2023, B.C. Power Controls reported net sales of Rs. 93.73 crores and a profit after tax of 0.7 crores. With a price-earning ratio of 22.68 and a return on equity of 1.91%, B.C. Power Controls demonstrates moderate financial performance in the non-ferrous metal sector.
ND Metal Industries Ltd. (512024):
ND Metal Industries Ltd., operating in the non-ferrous metal sector, boasts a market capitalization of Rs. 26.96 crores. As of December 2023, the company’s total debt stood at Rs. 0.5 crores, contributing to an enterprise value of Rs. 27.42 crores. In the fiscal year ending March 2023, ND Metal Industries reported net sales of Rs. 0.03 crores and a profit after tax of 0.18 crores. With a price-earning ratio of 78.37 and a return on equity of 5.08%, ND Metal Industries demonstrates potential for growth and profitability in the non-ferrous metal industry.
Nirav Commercials Ltd. (512425):
Nirav Commercials Ltd., specializing in aluminium and aluminium products, has a market capitalization of Rs. 24.18 crores. As of September 2023, the company carries a total debt of Rs. 2.21 crores, contributing to an enterprise value of Rs. 26.39 crores. In the fiscal year ending March 2023, Nirav Commercials reported net sales of Rs. 9.62 crores and a profit after tax of 0.67 crores. With a price-earning ratio of 42.43, Nirav Commercials demonstrates potential for growth in the non-ferrous metal industry.
Bothra Metals & Alloys Ltd. (535279):
Bothra Metals & Alloys Ltd., operating in the aluminium and aluminium products segment, has a market capitalization of Rs. 19.39 crores. As of September 2023, the company carries a total debt of Rs. 18.58 crores, contributing to an enterprise value of Rs. 37.97 crores. In the fiscal year ending March 2023, Bothra Metals & Alloys reported net sales of Rs. 0.14 crores and a profit after tax of -1.27 crores. With a price-earning ratio of 1.07 and a return on equity of -6.82%, Bothra Metals & Alloys faces challenges in its financial performance, indicating the need for strategic interventions.
ABC Gas (International) Ltd. (513119):
ABC Gas (International) Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 13.54 crores. As of September 2023, the company carries a total debt of Rs. 0.89 crores, contributing to an enterprise value of Rs. 14.42 crores. In the fiscal year ending December 2023, ABC Gas (International) reported net sales of Rs. 0 crores and a profit after tax of 2.09 crores. With a price-earning ratio of 4.12, ABC Gas (International) demonstrates potential for growth and profitability in the non-ferrous metal industry.
Golkonda Aluminium Extrusions Ltd. (513309):
Golkonda Aluminium Extrusions Ltd., specializing in aluminium and aluminium products, has a market capitalization of Rs. 7.49 crores. As of March 2023, the company carries no total debt, contributing to an enterprise value of Rs. 7.49 crores. In the fiscal year ending March 2023, Golkonda Aluminium Extrusions reported net sales of Rs. 1.03 crores and a profit after tax of -0.15 crores. With a price-earning ratio of 5.21, Golkonda Aluminium Extrusions demonstrates potential for growth and profitability in the non-ferrous metal industry.
RCI Industries & Technologies Ltd. (537254):
RCI Industries & Technologies Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 7.35 crores. As of September 2022, the company carries a total debt of Rs. 235.42 crores, contributing to an enterprise value of Rs. 241.01 crores. In the fiscal year ending September 2022, RCI Industries & Technologies reported net sales of Rs. 59.68 crores and a profit after tax of -72.1 crores. With a return on equity of -1.92%, RCI Industries & Technologies faces significant challenges in its financial performance, indicating the need for strategic interventions.
Starlit Power Systems Ltd. (538733):
Starlit Power Systems Ltd., operating in the non-ferrous metal sector, has a market capitalization of Rs. 4.52 crores. As of December 2023, the company carries a total debt of Rs. 44.17 crores, contributing to an enterprise value of Rs. 48.69 crores. In the fiscal year ending March 2023, Starlit Power Systems reported net sales of Rs. 0.56 crores and a profit after tax of -13.6 crores. With a return on equity of -1.49%, Starlit Power Systems faces challenges in its financial performance, indicating the need for strategic interventions.
Galada Power & Telecommunication Ltd. (504697):
Galada Power & Telecommunication Ltd., specializing in aluminium and aluminium products, has a market capitalization of Rs. 0.02 crores. As of September 2023, the company carries a total debt of Rs. 25.32 crores, contributing to an enterprise value of Rs. 25.34 crores. In the fiscal year ending June 2023, Galada Power & Telecommunication reported net sales of Rs. 0 crores and a profit after tax of -2.15 crores. With a return on equity of -0.75%, Galada Power & Telecommunication faces challenges in its financial performance, indicating the need for strategic interventions.
The diverse landscape of the metal industry offers a multitude of investment opportunities, each with its own unique potential for growth and profitability. As we conclude our exploration of the top 45+ metal stocks to watch in 2024, it becomes evident that this sector continues to be dynamic and responsive to various market forces. From established giants like Hindustan Zinc Ltd., Vedanta Ltd., and Hindalco Industries Ltd., to emerging players like Gravita India Ltd. and Shivalik Bimetal Controls Ltd., each company brings its own strengths and opportunities to the table.
Investors keen on navigating the metal market landscape in 2024 must consider factors beyond just financial metrics. Technological advancements, geopolitical developments, and global economic shifts play significant roles in shaping the trajectory of metal stocks. Companies with a strategic focus on innovation, sustainability, and efficient capital utilization are likely to thrive in this evolving environment.
Furthermore, it’s essential for investors to conduct thorough due diligence and diversify their portfolios to mitigate risks associated with market volatility. While some stocks exhibit strong financial performance and profitability, others may face challenges requiring strategic interventions for sustainable growth.
As we move forward into 2024, staying informed, adaptable, and discerning will be key for investors seeking to capitalize on the dynamic opportunities presented by the metal industry. By keeping a watchful eye on the top metal stocks highlighted in this list and staying attuned to market trends, investors can position themselves for success in the ever-evolving world of metals.
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