BSE Metal Index stocks list
BSESector12 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 15.31
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 3.02
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.57%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 27 Oct 2026
What the BSE Metal Index companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 11 companies that filed both.
- +24.0%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 12 companies that filed it; a loss counts as negative.
- ₹27,335 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 12 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 12of 12
- Median ROCEMedian return on capital employed. The middle figure of the 12 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 13.7%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE Metal Index, each sized by its market cap.
Market cap, ₹ crore
- Adani Enterprises₹3,37,077 Cr
- JSW Steel₹3,06,342 Cr
- Tata Steel₹2,13,993 Cr
- Hindustan Zinc₹2,08,097 Cr
- Hindalco Industries₹2,00,273 Cr
- Jindal Steel₹1,08,129 Cr
- Lloyds Metals and Energy₹99,862 Cr
- Steel Authority of India₹70,715 Cr
- APL Apollo Tubes₹61,471 Cr
- NMDC₹60,664 Cr
- Jindal Stainless₹58,517 Cr
- National Aluminium Company₹56,605 Cr
Companies in the BSE Metal Index
Largest first, by market cap.Metals & Mining sector
National Aluminium CompanyNATIONALUM · Non - Ferrous Metals₹308.20−1.34%₹56,605 Cr8.4038.9%3.73%+29.6%
About the BSE Metal Index
The BSE Metal Index is made up of the BSE 500 companies classified in the metal, metal products and mining sector.
How companies are chosen
The index draws on the BSE 500 and takes companies in the basic industries listed for it: iron and steel, zinc, pig iron, diversified metals, aluminium, precious metals, sponge iron, trading of minerals, copper, industrial minerals, ferro and silica manganese, and iron and steel products.
Eligible stocks are ranked by average float-adjusted market capitalization within the sector, and are taken until they cover 90% of the sector's average float-adjusted market capitalization. A company must also have a trading frequency of at least 90% in the preceding six months.
A buffer of 2% limits turnover: a non-constituent is added only if it falls within 88% coverage, and a constituent is dropped only if it falls above 92% coverage. At each selection the index is topped up to at least 10 companies by retaining or adding stocks in order of that rank.
How it is weighted
The BSE Metal Index is weighted by float-adjusted market capitalization. Investable weight factors define the available float for a company.
When it is reviewed
The index is rebalanced twice a year, in Jun and Dec. New companies are added only at those two rebalancings. Changes take effect at the open of the Monday following the third Friday of Mar, Jun, Sep and Dec.
In Mar and Sep the quarterly share update can drop companies without replacing them, even if the count falls below 10.
Base date and value
The index was launched on 23 Aug 2004, and its first value date is 1 Feb 1999.
- Published by
- BSE
- Kind
- Sector
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 12
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 4 of 12
Sector indices
Others in this group, the most used as a fund's benchmark first.All
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- BSE REITs6 companiesP/E 61.34
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- BSE Utilities37 companiesP/E 22.18
- Nifty Capital Goods50 companiesP/E 39.56