Note: FY24 loss reflects UK restructuring and impairment charges
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Mines, smelts and rolls the steel, aluminium and copper used in construction, cars and packaging. NSE also places Adani Enterprises here because coal trading and mining are a large part of its revenue. A few percent of the index.
Why it matters
Metals are the most cyclical block: they lead when China and global demand recover and fall hardest when prices drop.
Where the value pool sits
Integrated producers with captive iron ore or bauxite earn through the cycle; Indian steel enjoys safeguard-duty protection against cheap imports. Hindalco's Novelis adds a global rolled-aluminium business.