Nifty Metal

Invest in India's Metals Powerhouse

As of Apr 24, 2026, the PE ratio is 21.62 and the PB ratio is 3.32

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Index Report

Easy-to-read, rules-based summary. Educational only.

1) Index Snapshot (1-minute read)

Nifty Metal is at 12,746.65 as of Apr 24, 2026. 1Y CAGR is 39.57%. It is 1.13% below its recent peak. Current valuation: PE 21.62, PB 3.32.

As of

Apr 24, 2026

Current Value

12,746.65

PE / PB

21.62 / 3.32

Dividend Yield

1.56%

1Y CAGR

39.57%

3Y CAGR

5Y CAGR

Volatility (1Y)

24.20%

Drawdown from Peak

1.13%

2) Valuation Zone

Zone is Expensive based on the last 15Y of PE/PB history.

Expensivepercentile

PE 21.62vs 5Y avg 23.87 (-9.44%)

PE 21.62vs 10Y avg 23.87 (-9.44%)

PE 21.62vs 15Y avg 23.87 (-9.44%)

PB 3.32vs 5Y avg 2.52 (31.65%)

PB 3.32vs 10Y avg 2.52 (31.65%)

PB 3.32vs 15Y avg 2.52 (31.65%)

3) Earnings Growth Health

Trend:Improving

Composite proxy: 36.81% (weighted 1Y/3Y/5Y/10Y/15Y).

Status map: 1Y Improving.

1YImproving

Price CAGR: 39.57%

PE CAGR: 2.76%

Proxy: 36.81%

3YN/A

Price CAGR: -

PE CAGR: -

Proxy: -

5YN/A

Price CAGR: -

PE CAGR: -

Proxy: -

10YN/A

Price CAGR: -

PE CAGR: -

Proxy: -

15YN/A

Price CAGR: -

PE CAGR: -

Proxy: -

Proxy = price CAGR minus PE CAGR. Overall trend uses weighted proxy across 1Y/3Y/5Y/10Y/15Y, so single-year noise has less impact.

4) Sector Contribution Breakdown

Based on constituent counts (weights not available).

Metals & Mining

73.33%

Capital Goods

26.67%

5) Risk Signals

Volatility is moderate (24.20%).
Index is near its recent peak (drawdown 1.13%).
Valuation is elevated vs history.

Signals are descriptive, not predictions.

6) Action Guidance

SIP

Maintain

Maintain SIP contributions for long-term discipline.

Lump-sum

Avoid

Avoid lump-sum entries at elevated valuations.

Rules-based guidance for long-term investors. Not a buy/sell call.

7) Index vs Inflation vs FD

Inflation and FD rates are not configured yet.

Supporting Guides

Intent-focused pages connected to this index.

Nifty Metal PE Ratio: Current and Historical Context
Current PE ratio, long-term averages, and valuation percentile for Nifty Metal.
Nifty Metal PB Ratio: Current and Historical Context
Current PB ratio, long-term averages, and valuation percentile for Nifty Metal.
Nifty Metal Dividend Yield: Current Yield and Trend
Current dividend yield and historical yield context for Nifty Metal.
Nifty Metal Returns: Historical Performance
Historical return windows, drawdown, and volatility for Nifty Metal.
Nifty Metal Constituents and Sector Mix
Companies, industries, and sector exposure available for Nifty Metal.
Nifty Metal Valuation: Cheap, Fair, or Expensive?
A data-driven valuation view for Nifty Metal using current and historical index metrics.

Technical Signals

OverboughtGolden Cross Active

Historical vs. Current Market

Compare its historical behavior with the current market environment to gain insights into potential trends.

Greedy				Fear						Current Market _{Apr 24, 2026}
PE	PB	DIV	Points	PE	PB	DIV	Points	Fall(%)	~	PE	PB	DIV	MRI Level
Jan 16, 2020				Mar 24, 2020					~	21.62	3.32	1.56
10.51	1.22	4.24	2884.80	7.26	0.64	8.36	1502.40	-47.92		105.71 197.8	172.13 418.75	63.21 81.34	4
Mar 02, 2015				Feb 26, 2016
15.08	1.30	3.77	2599.80	30.02	0.61	4.28	1629.55	-37.32		43.37 27.98	155.38 444.26	58.62 63.55	47
Nov 01, 2010				Dec 01, 2011
16.12	2.52	0.78	4560.38	10.60	1.51	1.28	2818.90	-38.19		34.12 103.96	31.75 119.87	100 21.88	20
Jan 03, 2008				Oct 27, 2008
18.73	6.16	0.77	5412.85	3.88	0.87	3.90	1222.21	-77.42		15.43 457.22	46.1 281.61	102.6 60	8
May 10, 2006				Jun 14, 2006
11.29	4.44	1.70	2097.61	8.08	2.60	2.91	1227.54	-41.48		91.5 167.57	25.23 27.69	8.24 46.39	40

Recent Performance

Analyze the recent performance of the Nifty Metal, including its recent highs and lows

Recent High				Recent Low						Current Market _{Apr 24, 2026}
PE	PB	DIV	Points	PE	PB	DIV	Points	Fall(%)	~	PE	PB	DIV	Points
Apr 22, 2026				Apr 24, 2026					~	Apr 24, 2026
21.86	3.35	1.54	12892.20	21.62	3.32	1.56	12746.65	-1.13		21.62	3.32	1.56	12746.65 (0% )

Performance

Past performance returns (%) of the index

#	1D	1W	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	15Y
Nifty Metal	-0.31	0.05	6.22	10.61	23.08	50.76	-	-	-	-	-
Compare	-	-	-	-	-	-	-	-	-	-	-

Fundamentals

Nifty Metal

PE	PB	Div
21.62	3.32	1.56

Index Companies

Companies included in this index

Companies

Name of the company	Industry	Symbol
APL Apollo Tubes Ltd.	Capital Goods	APLAPOLLO
Adani Enterprises Ltd.	Metals & Mining	ADANIENT
Hindalco Industries Ltd.	Metals & Mining	HINDALCO
Hindustan Copper Ltd.	Metals & Mining	HINDCOPPER
Hindustan Zinc Ltd.	Metals & Mining	HINDZINC
JSW Steel Ltd.	Metals & Mining	JSWSTEEL
Jindal Stainless (Hisar) Ltd.	Capital Goods	JSLHISAR
Jindal Steel & Power Ltd.	Metals & Mining	JINDALSTEL
NMDC Ltd.	Metals & Mining	NMDC
National Aluminium Co. Ltd.	Metals & Mining	NATIONALUM
Ratnamani Metals & Tubes Ltd.	Capital Goods	RATNAMANI
Steel Authority of India Ltd.	Metals & Mining	SAIL
Tata Steel Ltd.	Metals & Mining	TATASTEEL
Vedanta Ltd.	Metals & Mining	VEDL
Welspun Corp Ltd.	Capital Goods	WELCORP

About

The Nifty Metal Index serves as a vital indicator for the health of India's metals and mining sector. It meticulously tracks the performance of 15 leading companies in this industry, including prominent names like Tata Steel, Hindalco, and JSW Steel.

Portfolio Characteristics

MethodologyPeriodic capped free-float

No. of Constituents15

Launch Date2011-07-12

Calculation FrequencyReal-Time

Index RebalancingSemi - Annually