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indicesnifty metal
fundamentals

Nifty Metal

Factsheet
The Nifty Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE). Nifty Metal Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
12,652.65148.8 (1.19%) D
Value
Quality

Value

We look at aggregate consolidated P/E, P/B and Dividend Yield of the index as reported by NSE. Note that P/E values before 31st March 2021 are based on our own calculations
Current
2.75
Average (3Y)
2.61
Average (5Y)
2.42
P/B ratio is shown as reported by NSE.

Quality

We look at aggregate quality measures of the index like ROE, ROCE and margins. Numerator and denominator are separately calculated as weighted averages.
Latest as on 30 Sep 2025
11.92

Frequently Asked Questions

What is the current P/E ratio of Nifty Metal?
The current P/E ratio of Nifty Metal is 16.67. Historical P/E trend charts are available in the Value section of the Fundamentals tab.
Is Nifty Metal overvalued or undervalued based on current P/E?
Valuation context for Nifty Metal — comparing current P/E and P/B to their historical averages — is available in the Value section of the Fundamentals tab.
What is the P/B ratio of Nifty Metal?
The current P/B (Price-to-Book) ratio of Nifty Metal is 2.75 Historical P/B trend charts are in the Value section of the Fundamentals tab.
What is the dividend yield of Nifty Metal?
The aggregate dividend yield of Nifty Metal is 1.69%. Dividend yield tends to be inversely related to market valuations — a lower yield often coincides with higher price multiples. Historical dividend yield data is in the Value section of the Fundamentals tab.
What is the 10-year average P/E of Nifty Metal?
The 10-year average P/E of Nifty Metal is shown in the Value section of the Fundamentals tab as a reference line on the historical P/E chart.
What is the ROE of Nifty Metal's constituent stocks?
The aggregate Return on Equity (ROE) of Nifty Metal constituents is 12.51%. ROE measures how efficiently constituent companies generate profit from shareholder equity. An ROE above 10% reflects moderate capital efficiency. Historical ROE trends are in the Quality section of the Fundamentals tab.
What is the ROCE of Nifty Metal's constituent stocks?
The aggregate Return on Capital Employed (ROCE) of Nifty Metal constituents is 11.92%, alongside a ROE of 12.51%. ROCE measures profitability relative to total capital (debt + equity) and is a better indicator of capital efficiency for debt-heavy sectors. Historical ROCE data is in the Quality section of the Fundamentals tab.
What is the net profit margin of Nifty Metal's constituents?
The net profit margin and operating margin of Nifty Metal's constituents are shown in the Quality section of the Fundamentals tab.
What are the quality metrics of Nifty Metal?
Key quality metrics of Nifty Metal constituents — ROCE: 11.92%, ROE: 12.51%, PAT margin: 5.64%, Operating margin: 11.07% — reflect the aggregate profitability and efficiency of the index portfolio. ROE of 12.51% indicates how well constituent companies utilise shareholder equity. The full quality breakdown with historical trends is in the Quality section of the Fundamentals tab.
What is the financial health of Nifty Metal's constituents?
The financial health of Nifty Metal's constituent companies — including debt ratios and interest coverage — is shown in the Financial Health section of the Fundamentals tab.