Is MOIL the Best Stock in Its Sector? A Look at the Numbers
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Market
MOIL CMP Rs 238 (16 Sep 2026). Market cap Rs 4,854 Cr. ROE 9.87%. P/E 15.99x versus Industry P/E 15.72x.
Quick Answer
MOIL is one of the names investors compare when screening the Mining sector, built on a 9.87% return on equity and a P/E of 15.99x against an Industry P/E of 15.72x. MOIL Ltd mines and processes manganese ore, and is India’s largest producer of manganese ore used in steel and ferro-alloy manufacturing. Whether MOIL is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Mining sector peers, so you can judge that for yourself.
Is MOIL the best stock in its sector? The stock trades on the NSE at Rs 238 as of 16 September 2026, within its 52-week range of Rs 237.26 to Rs 404.90. MOIL Ltd mines and processes manganese ore, and is India’s largest producer of manganese ore used in steel and ferro-alloy manufacturing.
MOIL sits in the Mining sector, and its 9.87% ROE and 15.99x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About MOIL
MOIL Ltd mines and processes manganese ore, and is India’s largest producer of manganese ore used in steel and ferro-alloy manufacturing. At a market capitalisation of Rs 4,854 Cr, it is tracked as part of the Mining sector on Univest.
Is MOIL the Best Stock in Its Sector?
MOIL makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 9.87% ROE with a 15.99x P/E against the sector’s 15.72x Industry P/E. MOIL trades almost exactly at its 15.72x Industry P/E, with a 9.87% ROE that is a reasonable, if unspectacular, figure for a single-commodity mining business exposed to manganese ore price cycles.
| Metric | MOIL |
|---|---|
| CMP (NSE) | Rs 237.54 |
| 52-Week High / Low | Rs 404.90 / Rs 237.26 |
| Market Cap | Rs 4,854 Cr |
| P/E (TTM) vs Industry P/E | 15.99x vs 15.72x |
| P/B | 1.79 |
| ROE | 9.87% |
| EPS (TTM) | Rs 14.92 |
| Dividend Yield | 2.23% |
| Debt to Equity | 0.00 |
Compare MOIL Against Other Mining Sector Stocks
How MOIL Compares Against Its Mining Sector Peers
The table below sets MOIL against 2 other Mining sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| MOIL | 4,854 | 15.99 | 9.87% | 0.00 |
| Coal India | 2,58,218 | 8.28 | 26.11% | 0.12 |
| NMDC | 70,941 | 9.52 | 21.87% | 0.19 |
| Peer average (2 companies) | – | 8.90 | 23.99% | 0.15 |
Against this peer set, MOIL’s 9.87% ROE is below the 23.99% peer average, and its P/E of 15.99x runs above the peer average of 8.90x. MOIL trades almost exactly at its 15.72x Industry P/E, with a 9.87% ROE that is a reasonable, if unspectacular, figure for a single-commodity mining business exposed to manganese ore price cycles.
What Makes MOIL Worth Watching in Mining
- Debt free balance sheet: A debt to equity ratio of 0.00 gives MOIL complete flexibility as a government-owned mining company.
- Scale in manganese mining: Being India’s largest manganese ore producer gives MOIL a scale advantage in supplying the domestic steel and ferro-alloy industry.
- In line with Industry P/E: A 15.99x P/E versus a 15.72x Industry P/E shows MOIL trading almost exactly at sector norms.
MOIL Valuation: Is It Justified?
MOIL trades almost exactly at its 15.72x Industry P/E, with a 9.87% ROE that is a reasonable, if unspectacular, figure for a single-commodity mining business exposed to manganese ore price cycles. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track MOIL and other Mining sector stocks.
How to Track MOIL Before You Invest
Before deciding whether MOIL deserves its label as the best stock in its sector for your own portfolio, compare it directly against Mining sector peers using the steps below.
- Open the Univest Screener and search for MOIL to view live price, valuation ratios, and peer comparisons within the Mining sector.
- Compare its P/E, P/B, and ROE against other Mining sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
MOIL earns a place in the best stock in its sector conversation on the strength of a 9.87% ROE and a P/E of 15.99x against a 15.72x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is MOIL the best stock in its sector?
Ans. MOIL has a 9.87% ROE and trades at 15.99x P/E against a 15.72x Industry P/E, and compares below the peer average ROE of 23.99% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of MOIL?
Ans. MOIL was trading at Rs 237.54 on the NSE as of 16 September 2026, within its 52-week range of Rs 237.26 to Rs 404.90.
What sector does MOIL belong to?
Ans. MOIL is classified under the Mining sector on Univest.
How does MOIL compare to its sector peers on P/E?
Ans. MOIL’s P/E of 15.99x is above the 8.90x average of the 2 named peers compared in this article.
What is MOIL’s return on equity?
Ans. MOIL reported a return on equity of 9.87%, which is below the 23.99% average of its named peers in this comparison.
Should I invest in MOIL based on its sector position?
Ans. MOIL’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
