3 Integrated Metal Producer, Lead and Aluminium Recycler and Aluminium and Copper Leader Stocks With a Strong Future Roadmap: Shyam Metalics and Energy, Gravita India and Hindalco Industries
- October 23, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Shyam Metalics and Energy, Gravita India and Hindalco Industries: ROE of 9.3% to 15.4% and FY22 to FY26 revenue CAGR of 9.1% to 18.2%. Prices as of 22 Oct 2026.
Quick Answer
The three steel, aluminium and metal recycling stocks to watch are Shyam Metalics and Energy, Gravita India and Hindalco Industries. Their return on equity ranges from 9.3% to 15.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.1% to 18.2%. Gravita India leads on both return on equity at 15.4% and revenue growth at 18.2% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Steel, aluminium and metal recycling stocks let investors follow metal companies that make, mine and recycle. Shyam Metalics and Energy, Gravita India and Hindalco Industries cover an integrated metal producer, a lead and aluminium recycler and an aluminium and copper leader.
This list covers three steel, aluminium and metal recycling stocks with complete current figures: Shyam Metalics and Energy, Gravita India and Hindalco Industries. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.
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What Are Steel, Aluminium and Metal Recycling Stocks?
Steel, aluminium and metal recycling stocks are listed companies that make steel and alloys, produce aluminium and copper and recycle scrap metal. Their earnings depend on volumes, metal prices and input costs.
Steel, Aluminium and Metal Recycling Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Shyam Metalics and Energy | 1,200 | 33,391 | 29.8 | 22.4 | 9.3 | 0.09 |
| Gravita India | 1,361.7 | 10,050 | 25.7 | 11.3 | 15.4 | 0.30 |
| Hindalco Industries | 900.45 | 202,250 | 12.3 | 11.6 | 12.8 | 0.73 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing steel, aluminium and metal recycling stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in steel, aluminium and metal recycling stocks can use the coming numbers to test whether growth is holding.
Why Do Steel, Aluminium and Metal Recycling Stocks Have a Strong Roadmap in India?
Steel, aluminium and metal recycling stocks have a strong roadmap in India because electrification, infrastructure and a push for circular materials lift demand across the metal chain.
- Electrification. Aluminium and copper demand grows with grids, vehicles and renewables.
- Recycling push. Recycled metal supports a circular economy.
- Captive power. Own power and raw material support cost control.
Why Shyam Metalics and Energy Features Among These Steel, Aluminium and Metal Recycling Stocks
Among the steel, aluminium and metal recycling stocks on this list, Shyam Metalics and Energy is an integrated metal producer with sponge iron, ferro alloys, steel products, stainless steel and aluminium foil, backed by captive power plants.
The company has a return on equity of 9.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 33,391 crore. The stock trades at a P/E of 29.8, above the industry P/E of 22.4.
Revenue rose from Rs 10,454 crore in FY22 to Rs 18,756 crore in FY26, a compound annual growth rate of 15.7%. Net profit grew from Rs 843 crore in FY23 to Rs 1,060 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 23.0% year on year to Rs 5,502 crore, while net profit rose 20.7% to Rs 351 crore.
Roadmap: The company is expanding capacity in long steel and stainless products and building a presence in value-added metals. Captive power and raw material integration support cost control.
What to watch: Follow new capacity commissioning, product mix and input costs.
Why Gravita India Features Among These Steel, Aluminium and Metal Recycling Stocks
Among the metal and recycling company shares on this list, Gravita India is a Jaipur-based recycler of lead, aluminium and plastic that operates plants in India, Africa and other regions and sells recycled metal products.
Revenue rose from Rs 2,224 crore in FY22 to Rs 4,342 crore in FY26, a compound annual growth rate of 18.2%. Net profit grew from Rs 148 crore in FY22 to Rs 378 crore in FY26, which works out to a compound annual growth rate of 26.3%.
In the June 2026 quarter, revenue grew 42.3% year on year to Rs 1,523 crore, while net profit rose 14.3% to Rs 106 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 10,050 crore. The stock trades at a P/E of 25.7, above the industry P/E of 11.3.
Roadmap: The company is expanding recycling capacity and moving into value-added products, helped by rising focus on circular economy and recycled materials. A global sourcing network supports supply.
What to watch: Track capacity additions, volume growth and the share of value-added products.
Why Hindalco Industries Features Among These Steel, Aluminium and Metal Recycling Stocks
Among the three companies on this list, Hindalco Industries is a metals leader with aluminium, copper and speciality alumina businesses, and it owns Novelis, one of the world’s largest aluminium rolling and recycling companies.
In the June 2026 quarter, revenue grew 32.5% year on year to Rs 85,882 crore, while net profit rose 75.1% to Rs 7,013 crore. Revenue rose from Rs 196,195 crore in FY22 to Rs 277,833 crore in FY26, a compound annual growth rate of 9.1%.
Net profit grew from Rs 10,097 crore in FY23 to Rs 13,391 crore in FY26, which works out to a compound annual growth rate of 9.9%. The company has a return on equity of 12.8%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 202,250 crore. The stock trades at a P/E of 12.3, above the industry P/E of 11.6.
Roadmap: The company is investing in aluminium downstream products, copper and battery foil, and Novelis is expanding capacity for beverage cans and automotive aluminium. A mix of upstream and downstream operations spreads exposure across the aluminium chain.
What to watch: Monitor aluminium and copper price trends and the progress of its major capex projects.
Shyam Metalics and Energy vs Gravita India vs Hindalco Industries on Key Financials
The table below sets the three steel, aluminium and metal recycling stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Shyam Metalics and Energy | 10,454 | 18,756 | 15.7% | 1,060 | 5.7% |
| Gravita India | 2,224 | 4,342 | 18.2% | 378 | 8.7% |
| Hindalco Industries | 196,195 | 277,833 | 9.1% | 13,391 | 4.8% |
Gravita India posts the highest return on equity in this group at 15.4%. Hindalco Industries has the largest FY26 revenue at Rs 277,833 crore, and Gravita India shows the fastest revenue growth with a 18.2% compound annual rate. A useful habit with steel, aluminium and metal recycling stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Shyam Metalics and Energy | 4,472 | 5,502 | 23.0% |
| Gravita India | 1,070 | 1,523 | 42.3% |
| Hindalco Industries | 64,834 | 85,882 | 32.5% |
Key Risks to Check Before Investing in Steel, Aluminium and Metal Recycling Stocks
Every theme carries risks that deserve a check before any decision. For these steel, aluminium and metal recycling stocks, the main points are: Long-term metal and recycling company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Metal prices. Realisations follow global price cycles.
- Input costs. Coal, power and scrap costs affect margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter steel, aluminium and metal recycling stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Steel, Aluminium and Metal Recycling Stocks
Steel, aluminium and metal recycling stocks reward investors who follow volumes, metal prices and costs together. Shyam Metalics and Energy, Gravita India and Hindalco Industries each play a distinct role. Based on the 22 October 2026 close, Shyam Metalics and Energy trades at Rs 1,200, Gravita India at Rs 1,361.7 and Hindalco Industries at Rs 900.45. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these steel, aluminium and metal recycling stocks to a watchlist.
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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).
What are steel, aluminium and metal recycling stocks?
Ans. Steel, aluminium and metal recycling stocks are listed companies that make steel and alloys, produce aluminium and copper and recycle scrap metal. Their earnings depend on volumes, metal prices and input costs. This list looks at three of them, Shyam Metalics and Energy, Gravita India and Hindalco Industries, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which steel, aluminium and metal recycling stocks are covered in this list?
Ans. This list covers Shyam Metalics and Energy, Gravita India and Hindalco Industries. Based on the 22 October 2026 close, Shyam Metalics and Energy traded at Rs 1,200, Gravita India at Rs 1,361.7 and Hindalco Industries at Rs 900.45. Their return on equity ranges from 9.3% to 15.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.1% to 18.2%.
Why do steel, aluminium and metal recycling stocks have a strong future roadmap in India?
Ans. Steel, aluminium and metal recycling stocks have a strong roadmap in India because electrification, infrastructure and a push for circular materials lift demand across the metal chain. The main drivers are as follows. Electrification. Aluminium and copper demand grows with grids, vehicles and renewables. Recycling push. Recycled metal supports a circular economy. Captive power. Own power and raw material support cost control. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Shyam Metalics and Energy performed financially?
Ans. Revenue rose from Rs 10,454 crore in FY22 to Rs 18,756 crore in FY26, a compound annual growth rate of 15.7%. Net profit grew from Rs 843 crore in FY23 to Rs 1,060 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 23.0% year on year to Rs 5,502 crore, while net profit rose 20.7% to Rs 351 crore. The company has a return on equity of 9.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 33,391 crore. The stock trades at a P/E of 29.8, above the industry P/E of 22.4. Looking ahead, the company is expanding capacity in long steel and stainless products and building a presence in value-added metals. Captive power and raw material integration support cost control.
How has Gravita India performed financially?
Ans. Revenue rose from Rs 2,224 crore in FY22 to Rs 4,342 crore in FY26, a compound annual growth rate of 18.2%. Net profit grew from Rs 148 crore in FY22 to Rs 378 crore in FY26, which works out to a compound annual growth rate of 26.3%. In the June 2026 quarter, revenue grew 42.3% year on year to Rs 1,523 crore, while net profit rose 14.3% to Rs 106 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 10,050 crore. The stock trades at a P/E of 25.7, above the industry P/E of 11.3. Looking ahead, the company is expanding recycling capacity and moving into value-added products, helped by rising focus on circular economy and recycled materials. A global sourcing network supports supply.
How has Hindalco Industries performed financially?
Ans. Revenue rose from Rs 196,195 crore in FY22 to Rs 277,833 crore in FY26, a compound annual growth rate of 9.1%. Net profit grew from Rs 10,097 crore in FY23 to Rs 13,391 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 85,882 crore, while net profit rose 75.1% to Rs 7,013 crore. The company has a return on equity of 12.8%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 202,250 crore. The stock trades at a P/E of 12.3, above the industry P/E of 11.6. Looking ahead, the company is investing in aluminium downstream products, copper and battery foil, and Novelis is expanding capacity for beverage cans and automotive aluminium. A mix of upstream and downstream operations spreads exposure across the aluminium chain.
What risks should investors check before buying steel, aluminium and metal recycling stocks?
Ans. Investors should check a few risks before buying steel, aluminium and metal recycling stocks. Metal prices. Realisations follow global price cycles. Input costs. Coal, power and scrap costs affect margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of steel, aluminium and metal recycling stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 22 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
