In today’s world, no one has a single source of income. People always try to have multiple sources of income for some extra cash.
This is where investing plays a considerable role. If you can invest in the right share, you will have huge gains. In the stock market, metal shares are a favorite of investors.
Many successful and growing Metal Companies in India offer IPO. You just need to do brief market research regarding the Best Metal Stocks to buy in India.
Once you get an idea about the market, you will be able to invest in stocks and get your share of income easily.
Know about Metal Sector in India
At present, metal is required in every step of our life. Almost every product we carry has some type of metal in it. This proves that metal alone is a vast sector all over the world.
In the case of India, there are many advantages. India has extensive reserves of Rare earth, Bauxite, Mineral salts, Manganese ore, Iron ore, Baryte, and Chromium.
The most crucial factor is that India is the 2nd largest crude steel producer globally. In addition, India is also the Largest sponge iron (DRI) producer globally.
Not to mention India is also the fourth largest iron ore producer globally. As can be seen, the Metal sector in India is very successful.
Thus, this article has talked about the top metal sector stocks. Some of the Top Metal Companies in India are Tata Steel, JSW Steel, and more.
Top 10 Metals Stocks to Buy in India – List of Best Metals Shares to Buy
This article will talk about the 15 Best Metal Shares in India. Before that, we shall briefly discuss India’s top 3 Metal Companies.
At the top of our list, we have JSW Steel. They are the 6th largest steel plant globally and the best Alloy Shares to Buy in India.
The Stock pays out dividends which means the company is financially stable. The second on our list is Tata Steel. This company is a part of the Tata Group and has a high TTM EPS Growth.
Additionally, the company had total income growth of 7.34% compared to the last year. The third Stock on our list is SAIL. It is a government-owned steel producer. Firstly, the company has a High Piotroski Score.
This means the company has strong financials. Along with that, the debt of the company is reduced. This is a positive sign to further invest in the Stock.
JSW Steel – Best Metal Shares to Buy
The history of JSW Steel Ltd dates back to 1982. JSW Steel is an Indian multinational steel company. The company started when the Jindal Group took over Piramal Steel Limited. 
Right after that, they set up the first steel plant known as JVSL in 1994. Later on, JISCO and JVSL merged together to form JSW Steel Ltd.
Products and Services
JSW Steel is known as the largest manufacturer of steel. Not to mention they export steel to many countries along with India.
This company’s steel products are wire rods, hot-rolled, cold-rolled, TMT bars, special alloy steel, galvanized, etc. They also produce branded steel products for companies like Haier, L.G., Whirlpool, etc.
Why invest in the JSW Steel Stocks?
- The price is on the lower side. Thus, it is one of the best Metal Shares to Buy for new investors.
- The most crucial part is that the promoters are increasing their shareholding.
- Further, they have a Rising Net Cash Flow and Cash from Operating activity.
- Not to mention, JSW Steel is a company with high TTM EPS Growth.
- Most importantly, this company is a profit-making company with High ROCE and Low PE.
- They also have a Rising Delivery Percentage compared to Previous Days and Months.
- Also, the Stock has a low P.E. (P.E. < = 10).
- In addition, the Stock also pays dividends. This means that the company is doing good financially.
- The company’s total income has grown by 10.06% compared to last year.
- Above all, the share has given a return of 289.94% in the last five years.
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Tata Steel – Best Metal Stocks in India to Buy
On August 27, 1907, Tata Steel Limited was an Indian-based multinational steel-making company. The headquarters is located in Mumbai. Initially, the company was known as Tata Iron and Steel Company Limited (TISCO).
At present, the company is known as Tata Steel. Not to mention, this company is one of the top steel-producing companies in the world.
Besides, Tata has a crude steel capacity of 34 million tonnes per year. Above all, Tata Steel has vital operations in India and 26 other countries. Thus it is one of the Best Metals Shares to buy.
Products and Services
The TATA group is well known in India and also outside India for its services. The products of Tata include Tata Tiscon, Structural Pipe, Tata Shakti Galvanized Sheet, Tata Steelium, Tata Wiron, and Tata Precision Tubes.
Under the Tata Tiscon category, they have the most famous TMT bars used in the building process.
Why invest in the Tata Steel Stocks?
- The price is in the mid-range. Thus, it is one of the best Metal Stocks in India to buy for new and master traders.
- Firstly and most importantly, Tata Steel is a company with high TTM EPS Growth.
- The stocks have a very Strong Annual EPS Growth.
- Not to mention the company has shown Good quarterly growth in recent results.
- The Tata Steel share has a Low PE (P.E. < = 10).
- Most importantly, the Stock pays out dividends. This means that the company is financially stable.
- Tata Steel has a profit of 101.76% after paying taxes, which is a huge growth in profit.
- The company had total income growth of 7.34% compared to the last year.
- Above all, the Stock obtained a return of 184.95% in the past five years.
SAIL – Top Metal Sector Stocks to Buy
Steel Authority of India Limited (SAIL) started on January 19, 1954. This company is a government-owned steel producer.
The company owner is the Ministry of Steel, Government of India. At first, the company was designed to manage only one plant at Rourkela.
Later on, the supervision and control of Bhilai and Durgapur Steel Plants were given to Hindustan Steel. Further, a new steel plant called the Bokaro Steel Plant was started on January 29, 1964.
Most importantly, SAIL is the largest steel producer in India and the 20th largest globally. Thus it is one of the Top Metal Sector Stocks to buy in India.
Products and Services
SAIL is involved in the production of various steel products. Firstly, they have a range of mild steel. This is available both in long and flat categories. They also have a wide variety of special and stainless steel.
If you require any unique product or a new product, you will get customized products from SAIL.
Why invest in the SAIL Stocks?
- The price of this share is on the lower side. Thus it is one of the best Metal Share prices for new investors.
- Firstly and most importantly, the company has a High Piotroski Score. This means the company has strong financials.
- Further, they have a Rising Net Cash Flow and Cash from Operating activity.
- Not to mention, they have a Strong Annual EPS Growth.
- Additionally, SAIL has a Rising Delivery Percentage compared to Previous Days and Months.
- The debt of the company is reduced. This is a positive sign.
- SAIL pays high dividends and also has rising dividend yields over the last five years.
- The analysts have given high ratings to the Stock and say this Stock is good for long term investment.
- Above all, the company has given a return of 99.90% in the last three years.
APL Apollo Tubes – Top Metal Companies in India
APL Apollo Tubes Ltd started on February 24, 1986. It was set up as a private limited company. Most importantly, APL Apollo Tubes is one of India’s leading producers of branded steel products.
Not to mention the company operates 11 manufacturing facilities. Altogether, these units have a capacity of 2.55 MTPA. Thus APL Apollo Tubes is one of the Top Metal Companies in India.
Products and Services
APL Apollo Tubes produces around 1100 varieties of Hollow Sections, MS Black Pipes, Pre-Galvanized Tubes, Galvanized Tubes, and Structural ERW Steel tubes. Most importantly, these products serve some of the top industries.
Why invest in the APL Apollo Tubes Stocks?
- The price of this share is on the lower side. Thus it is one of the best Metal Share prices for new investors.
- Firstly and most importantly, the company has a High Piotroski Score. This means that the company has robust financials.
- Further, APL Apollo Tube has used the Shareholder’s fund effectively.
- Along with that, the Return on equity has improved over the past two years.
- Not to mention the company is managing its Assets properly to generate Profits.
- Also, the ROA of APL Apollo Tube has been improving over the last two years.
- Additionally, the company has Low Debt. This means the company is stable.
- The Revenue of APL Apollo Tube has increased every quarter for the last two quarters.
- Besides, they have a solid cash-generating ability from their core business.
- Another critical point is that the operation’s cash flow has improved over two years.
- Further, the company’s Annual Net Profits have been improving over the last two years.
- The company also pays dividends. This means the company is stable.
- Most importantly, APL Apollo Tube is a company with a Zero Promoter Pledge.
- Above all, the FII / FPI are increasing their shareholding.
Ratnamani Metals – Top Alloy Stocks in India
Ratnamani Metals & Tubes Limited (RMTL) started on September 15, 1985. This company is a multi-product and a multi-location public limited company.
At first, the company started by producing stainless steel welded pipes & seamless tubes. Later on, they started producing stainless steel electric fusion welded [EFW] pipes.
After this, they would add many products to their portfolio. Altogether the company has grown a lot since it was started. Thus, it is one of the Top Alloy Stocks in India to invest in.
Products and Services
This company is involved in providing total piping solutions to various industries. In brief, they produce Seamless Tubes & Pipes/ Stainless Steel Welded and Carbon Steel Welded Pipes.
These products cater to multiple industries: for example, petrochemicals process industries, power plants, oil and gas refineries, and water distribution.
Why invest in the Ratnamani Metals stocks?
- The price of this stock is high. Thus it is one of the best Alloy Share Prices for master traders.
- Firstly and most importantly, the company has a Rising Net Cash Flow and Cash from Operating activity.
- Ratnamani Metals is a Company with high TTM EPS Growth
- Not to mention the company has reached a New 52 Week High.
- Further, the company has shown incredible quarterly growth as per the recent results.
- The most crucial factor is that the company has Low Debt
- The revenue of Ratnamani Metals has increased for the past two quarters
- Also, the profits have increased in every quarter over the last two quarters
- Another critical point is that the Book Value of every share has improved over the previous two years.
- This company also pays out dividends. This means the company is financially stable.
- Ratnamani Metals is a Company with a Zero Promoter Pledge
- Ratmani Metals Stock predictions say that the stock prices will rise in the next few months.
Jindal Stainless – Top 10 Metal Stocks
Jindal Stainless Limited started on September 29, 1980. The most crucial factor is that Jindal Stainless is one of India’s leading stainless steel manufacturers.
The company is currently trying to expand its current 0.8 million tonne melt capacity to 1.1 million tonnes per year.
They have planned to do this through debottlenecking and process enhancement. Thus, we can say that Jindal Stainless is one of the Top 10 Metal Stocks.
Products and Services
Jindal stainless produces and distributes a wide range of stainless steel flat products. This includes flat bars, slabs blooms, cold-rolled coils, plates, and sheets. They also produce special products like coin blanks and precision strips.
Why invest in the Jindal Stainless Stock?
- The price is on the lower side. Thus, it is one of the best Ore Share Prices for new investors.
- Firstly, it has to be mentioned that the company has high TTM EPS Growth.
- Further, Jindal Stainless has a High Piotroski Score and a High Return on Equity.
- The Annual EPS Growth of the company is vital.
- Also, we can see tremendous quarterly growth of the company as per the recent results.
- Further, there is Growth in Quarterly Net Profit and increasing Profit Margin.
- The company’s revenue has increased every quarter for the past 4 Quarters.
- On top of that, the company’s profit has been increasing every quarter for the last four quarters.
- The company also has an Improving Net Cash Flow over the last two years.
- The Book Value for every share has improved over the last two years.
- Another critical point is that the FII / FPI are increasing their shareholding.
- Above all, the Recent Results show Growth in operating profit and an increase in operating margins.
Tata Steel BSL – Best Metal Shares in India
Tata Steel BSL started on January 7, 1983. At first, Tata Steel BSL Limited was known as Bhushan Steel Limited. Most importantly, this company was the largest manufacturer of auto-grade steel in India.
The change in name from Bhushan Steel Limited to Tata Steel BSL took place in 2018. A merger of Bamnipal Steel and Tata Steel BSL with Tata steel took place in 2019.
The Tata steel board approved this merger. The gross sales of Tata Steel BSL were Rs.5 billion in 2001. Later on, this increased to Rs.40 billion in 2007.
Tata Steel BSL is a wholly-owned subsidiary of Tata Steel. Keeping in mind that fact, we can say that Tata Steel BSL has one of the best Metal Shares in India to invest in.
Products and Services
Tata Steel BSL is involved in the production of steel products. This includes Bhushan Galume; Cold rolled, Tata Shaktee, drawn tubes, strips, alloy billets, sponge iron, wire rods, and colour-coated tiles.
Why invest in the Tata Steel BSL Stocks?
- The price of this share is on the lower side. Thus it is one of the Best Metal Stocks to buy for new investors.
- Firstly and most importantly, Tata Steel BSL is a company with high TTM EPS Growth.
- The stocks have a very Strong Annual EPS Growth.
- The Tata Steel BSL share has a Low PE (P.E. < = 10).
- Not to mention the company has shown Good quarterly growth in recent results.
- Most importantly, the Stock pays out dividends. This means that the company is financially stable.
- The company had total income growth of 7.34% compared to the last year.
- Tata Steel BSL has a profit of 101.76% after paying taxes. This is massive profit growth.
- Above all, it has given a return of 184.95% in the past five years.
- Tata Steel BSL Share Forecast suggests that it has very good future potential.
Jindal Hisar – Best Metal Companies in India
Jindal Stainless Hisar Ltd. (JSHL) started on July 30, 2013. This company is one of the largest stainless steel specialty Manufacturers In India.
Above all, Jindal Hisar is the first Company in India to commercially manufacture high nitrogen steel. This product was mainly used for the defense sector.
Thus we can say that this company is one of the best Metal Companies in India.
Products and Services
Jindal Hisar is involved in producing a wide variety of steel products. The product range of this company includes stainless steel slabs and blooms, ferroalloy, plates cold, rolled coils, and hot-rolled coils.
They also produce specialty products, for Example, razor blades, coin blanks, steel precision strips, and other long products.
Why invest in the Jindal Hisar Stocks?
- The price of this share is on the lower side. Thus, it is one of the Top Metal Stocks to buy for new investors.
- Firstly and most importantly, the company has a high TTM EPS Growth.
- Further, Jindal Hisar is a company with a High Piotroski Score and a High Return on Equity and EPS Growth.
- Also, the company has shown incredible quarterly growth as per the recent results.
- The recent results about the company show High growth and High Return on Equity along with a low PE ratio.
- The company is managing its Assets properly to generate Profits. Along with that, the ROA of the company has improved over the last two years.
- Another critical point is that there is growth in Quarterly Net Profit and increasing Profit Margin.
- Most importantly, the company has Low Debt.
- The company’s profit has increased every quarter over the last four quarters.
- The main factor is that the company’s revenue has been increasing every quarter for the past two quarters.
- Above all, the Book Value per share has improved over the last two years.
Shyam Metalics and Energy – Best Metal Companies in India
Shyam Metalics and Energy Limited started on December 10, 2002. This company is located in Kolkata, WB, India. At first, the name of the company was Shyam DRI Power Limited.
Later on, this was changed to the current name after the Shareholders passed a resolution on November 23, 2009. Above all, Shyam Metalics and Energy is one of the Best Metal Companies in India.
Products and Services
Shyam Metalics and Energy has produced ferroalloys, iron & steel products. They are also involved in power generation.
Most importantly, the products are pellets, sponge iron, structure, TMT, wire rod, billets, aluminum foil, and more.
Why invest in the Shyam Metalics and Energy Limited Stocks?
- The price of this share is on the lower side. Thus, it is one of India’s best Metals Stocks to buy.
- Firstly and most importantly, the company has a High Piotroski Score. This means that the company has a strong fundamental analysis.
- Further, the company has rising Net Cash Flow and Cash from its Operating activity.
- Not to mention Shyam Metalics and Energy has a high TTM EPS Growth.
- The company had Good quarterly growth as per the recent results.
- Recently the company has gained High Revenue, along with that, there has been profit growth.
- They have also received a High Return on Capital Deployed.
- The company also had Growth in Quarterly Net Profit and an increase in Profit Margin.
- Shyam Metalics and Energy is a Company with Low Debt. This means the company is financially stable.
- After that, the company’s revenue has increased every quarter for the past 4 Quarters.
- Most importantly, the Book Value of every share has improved over the past two years.
- Shyam Metalics and Energy is a Company with a Zero Promoter Pledge.
- Above all, the Stock has grown more than 20% in the past month.
ESL Steel – Top 10 Metal Shares to Buy
ESL Steel started in the year 2006 as a Public limited country. The company’s operations were mainly based in Bokaro, Jharkhand, India.
Recently in 2018, Vedanta Limited took over the management control of ESL. This event took place through the Corporate Insolvency Resolution Process.
This process was started to address non-performing assets in the Indian banking system. The main point is that this company has set up a manufacturing facility with 2.5 MT per year.
Altogether this facility consists of Wire Rod Mill, Bar Mill, Sinter Plants, Blast Furnaces, Oxygen Plant, Billet Caster. It also consists of Basic Oxygen Furnaces, Ductile Iron Pipes, Plant Coke Oven, and a Power Plant.
Above all, this company has a broad product portfolio, which is why it is one of the Top 10 Metal Shares to buy.
Products and Services
This company is involved in the production of various steel products. The products include Billets, Pig Irons, Wire Rods, TMT Bars, and Ductile Iron Pipes.
Why invest in the ESL Steel Stocks?
- The price of this Stock is on the lower side. Thus it is one of the best Metals Shares to buy for new investors and traders.
- Firstly and most importantly, this company has a High Piotroski Score. This means that the company has strong financials.
- Further, we can see that the Promoters are increasing their shareholding.
- This resulted in the increase of Promoter holding by more than 2%.
- ESL Steel is a company with high TTM EPS Growth.
- Not to mention the company had a Strong Annual EPS Growth.
- The company also had tremendous quarterly growth as per the recent results.
- Most importantly, the company’s revenue has been increasing every quarter for the past 4 Quarters.
- The share price has almost reached Near its 52 Week High. Thus it is the perfect time to hold the stocks.
Apollo Tricoat Tubes – Best Metal Sector Stocks
Initially, Apollo Tricoat Tubes was known as Best Steel Logistics. Recently it became a part of India’s leading steel pipe and tube manufacturer, Sudesh Group of Companies.
The original company started in 1983. The company is an India-based steel tube and pipe producing company.
Products and Services
This company is mainly involved in producing steel doors, window frames, designer MS Black steel pipes, and more.
Why invest in the Apollo Tricoat Tubes Stocks?
- The price of the Stock is on the lower side. Thus it is one of the best Metal Sector Stocks to buy for new investors.
- Firstly and most importantly, the company has a Strong Annual EPS Growth.
- Apollo Tricoat Tubes is using its capital properly to generate profit.
- Along with that, the RoCE of the company has been improving for the last two years.
- Not to mention, the Return on equity has improved in the last two years.
- Additionally, they are managing the Assets effectively to generate Profits.
- Apollo Tricoat Tubes is a company with Low Debt.
- Also, the company’s revenue has increased over the past three quarters.
- This company also has a powerful cash-generating ability from its core business – Improving Cash Flow from operation for the last two years.
Godawari Power & Ispat (GPIL) – Best Metal Companies Stocks
Godawari Power & Ispat Ltd. (GPIL) started in 1999. This company belongs to the Hira Group of Industries. This company is an integrated steel manufacturer.
The production facility of Godawari power is located at Siltara in Raipur. Most importantly, the company is dominant in the long product segment of the Steel industry.
Products and Services
The Godawari power is mainly involved in iron ore mining and producing Ferro Alloys, Sponge Iron, Steel Billets, Iron Ore Pellets, and H.B. Wire.
Why invest in the Godawari Power & Ispat Ltd. stocks?
- The price of this Stock is on the lower side. Thus it is one of the best Metal Companies Stocks to buy for new investors.
- Firstly the company has a High Piotroski Score. This means that the company has strong financials.
- Additionally, the company has low debt. This means the company is more stable.
- Godawari Power & Isp has shown an increase in revenue every quarter for the last two quarters.
- The company has a powerful cash-generating capability from the core business.
- Also, their cash flow has improved due to the operations in the last two years.
- Most importantly, the FII / FPI are increasing their shareholdings.
- Above all, the share has gained almost 20% in just one month.
Welspun Corp – Best Metals Companies Shares to Buy
Welspun Corp Limited started in 1995. Most importantly, this company is the second-largest producer of large diameter pipes globally. The company operates in Anjar, Gujarat.
Products and Services
Welspun Corp is involved in producing pipes and plates & coils.
Why invest in the Welspun Corp Stocks?
- The price of the share is on the lower side. Thus it is one of the best Metals Companies Shares to buy for new investors.
- Firstly and most importantly this company manages their Assets perfectly to generate Profits.
- Along with that, the ROA of the company has improved in the past two years.
- Besides, the company has a Low Debt. This means the company is stable.
- Welspun Corp has a powerful cash-generating ability from its core business.
- In addition, the company’s Cash Flow is improving from the operation. This has been happening for the last two years.
- Another critical point is that the Book Value per share has improved over two years.
- Above all, Welspun Corp is a company with a Zero Promoter Pledge.
Tinplate Company – Best Metal Company Shares to Buy
The Tinplate Company of India Limited is a part of Tata Steel Ltd. The Burmah Oil and The Tata Iron & Steel Company (TISCO) started this company on January 20, 1920.
Not to mention TCIL is India’s oldest tinplate manufacturer. It is also the largest tinplate producer in India. Thus it is one of the oldest and largest Metal Companies in India.
Products and Services
This company is involved in manufacturing products like Tinplate as cut sheets & coils, Tin Free Steel (TFS), Electrolytic Tinplate, and more.
Why invest in the Tinplate Company Stocks?
- The price of this share is on the lower side. Thus it is one of the best Metal company shares to buy for new investors.
- Firstly, the Stock passes a maximum of the CANSLIM investment criteria.
- Further, the company has a high TTM EPS Growth.
- In addition, the company has a High Piotroski Score along with a High Return on Equity.
- Not to mention Tinplate is a company with no debt.
- This company is using its capital effectively to generate profit. Along with that, the RoCE of the company has improved in the last two years.
- Also, the Book Value for every share has been improving over the past two years.
- Above all, the company’s revenue has increased every quarter for the past 4 Quarters.
Maharashtra Seamless – Best Alloy Stocks in India
Maharashtra Seamless Limited started on May 10, 1988. Most importantly, this company is a flagship company of the DP Jindal Group.
Not to mention, the company uses the famous CPE technology. They are capable of making various types of seamless pipes.
Products and Services
The company is involved in the production of seamless pipes of many capacities. These pipes are used for oil exploration and are also used in pipelines, boilers, petrochemicals, and more.
Why invest in the Maharashtra Seamless Stock?
- The price of this Stock is on the lower side. Thus it is one of the best Alloy Stocks in India for new investors.
- The main point is that the Stock is growing, along with that, the promoters are increasing their shareholding.
- Not to mention the company has a TTM EPS Growth.
- Further, according to the recent results, Maharashtra Seamless has tremendous quarterly growth.
- Most importantly, the company has Low Debt. This means the company is stable, and there is no risk in investing.
- Another key point is that the company’s revenue has been increasing every quarter for the past two quarters.
- Additionally, the Book Value of each share has been Improving for the last two years.
- Above all, Maharashtra Seamless is a company with a Zero Promoter Pledge.
How to find Metal Stocks for Trading?
As Stated above, people invest in the stock market to have a side income. If you are not careful, you will lose your hard-earned money.
So, you need to research the market before you Trade in Metal Stocks. To help you with smooth trading, we have mentioned some tips-
- The first point to remember is that you have to check the company’s growth. Make sure the company has made some progress in the last few years.
- Further, you have to compare all the metal companies and determine which company is higher in the game.
- In addition, the company must not have colossal debt. If that is the case investing can be risky
- Also, you have to check the P.E. ratio of the company to get an idea about its market value.
- Always choose companies that pay out dividends. For Example, dividend-paying companies tend to be more stable.
- Finally, If the Piotroski score of the company is high, then you must invest.
How to Invest in Metal Sectors Stocks?
Investing in Metal Stocks is very simple once your Demat account is ready.
- To start trading, you need to have a Demat and trading account.
- Then choose a broker of your choice to open your Demat account. Don’t forget to check out the facilities you get with the broker you choose.
- The next important step is to submit the Demat application form. Remember to add the documents for verification and KYC purposes.
- Once your information is verified, you will have a Demat account. You shall receive the login details in your registered email id.
- Then, you have to install the mobile app for trading. On the other hand, you can use the browser-based platform for trading.
- Once you have followed all the steps, your account will be ready. Now you can add your favorite Stock to the watch list. Through this, you will be able to check the price movements of the stocks you have invested in.
Top Metal Companies in India – Conclusion
We have tried my best to provide you with a basic idea about the Top Metal companies in India.
It is now up to you to research the market and develop a list of stocks you want to invest in. You can combine the data we provided along with your research to conclude.
Another key point is that you must never invest in hyped-up stocks. So always invest in stable and growing companies. All the best on your investing journey.
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