Top Mining Stocks Compared: Coal India vs NMDC vs GMDC vs MOIL vs Hindustan Copper on Price, Valuation, Q2 FY27 Results and Risks
- November 10, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Previous close: Coal India Rs 401.00, NMDC Rs 71.00, GMDC Rs 473.50, MOIL Rs 219.06, Hindustan Copper Rs 431.95.
Quick Answer
This mining stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Coal India, NMDC, GMDC, MOIL and Hindustan Copper. Coal India is the largest by market capitalisation at Rs 2,47,310 crore. Hindustan Copper reports the highest return on equity at 27.48%. State-run miners pay generous dividends, so read yield and returns together with every multiple.
Mining stocks compared here means Coal India, NMDC, GMDC, MOIL and Hindustan Copper on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes a coal giant, an iron ore miner, a minerals corporation, a manganese miner and a copper producer, so a side-by-side look shows how differently each one earns.
Coal India, GMDC and MOIL have filed their September 2026 quarter, so their results below are Q2 FY27. NMDC and Hindustan Copper are shown on their June 2026 quarter, which is Q1 FY27. Miners follow power demand, steel output and commodity prices, so a glance at the BSE PSU page and the Sensex page before you read the tables gives useful backdrop.
Click Here – Get Free Investment Predictions
Mining Stocks Compared: Coal, Ore, Minerals and Copper
The mining stocks compared here are Coal India, NMDC, GMDC, MOIL and Hindustan Copper. Coal India is the largest by market capitalisation at Rs 2,47,310 crore. Previous closes run from Rs 71.00 for NMDC to Rs 473.50 for GMDC, which is why a side-by-side look at value rather than price is more useful. This mining stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| Coal India | 401.00 | 2,47,310 |
| NMDC | 71.00 | 62,774 |
| GMDC | 473.50 | 15,212 |
| MOIL | 219.06 | 4,473 |
| Hindustan Copper | 431.95 | 41,568 |
A quick look at the business behind each ticker puts the numbers in context. Coal India is the world’s largest coal miner by output and the main fuel supplier to Indian power plants, while NMDC is the country’s largest iron ore miner. GMDC is a Gujarat government company that mines lignite, bauxite and other minerals and also runs a power business, and MOIL is a government manganese ore miner that supplies steel and battery makers. To compare mining stocks properly, line up dividend yield, price to book and return on equity before forming a view.
Rounding out the group, Hindustan Copper is the country’s only vertically integrated copper miner and producer. A fair mining stock comparison looks at what each company actually earns from, not only at the share price. Fuel miners, ore miners and metal producers belong in separate mental boxes whenever you compare mining stocks fairly.
Mining Stocks Valuation: Multiples, Returns and Payouts
Coal India trades at the lowest price to earnings ratio in this group at 7.39. Hindustan Copper reports the highest return on equity at 27.48%. MOIL has the lowest price to book value at 1.58. These mining stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this mining stocks compared table: dividend yield and price to book sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| Coal India | 7.39 | 1.94 | 26.17 | 6.60 | 0.12 |
| NMDC | 8.42 | 1.84 | 21.87 | 4.90 | 0.19 |
| GMDC | 23.00 | 2.14 | 9.32 | 1.99 | 0.05 |
| MOIL | 15.17 | 1.58 | 10.42 | 2.42 | 0.00 |
| Hindustan Copper | 36.58 | 12.44 | 27.48 | 0.67 | 0.03 |
Mining stocks, especially state-run ones, often trade at modest price to earnings multiples while paying generous dividends. Dividend yield, return on equity and price to book help you judge how much each miner pays back to shareholders and how well it uses its assets. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple mining stock comparison like this one is only as useful as the context behind it, which is why return on equity is worth checking as well.
In this group, price to earnings runs from 7.39 for Coal India to 36.58 for Hindustan Copper. Coal India offers the highest dividend yield at 6.60%. Industry price to earnings readings differ by sub-sector: Coal India, NMDC and GMDC at 9.25; MOIL at 14.64; Hindustan Copper at 10.25. The industry price to earnings is a handy anchor: a mining stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built mining stock comparison also notes that realisations and monsoon disruptions can move quarterly numbers. Run the same mining stock comparison on your own watchlist and the pattern in these numbers will be easier to spot.
Mining Stocks Q2 FY27 Results: Revenue and Profit Check
Three of the five mining stocks compared have filed Q2 FY27 numbers. GMDC posted the fastest revenue growth at 55.2% year on year. Coal India showed the sharpest rise in net profit at 57.1%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this mining stocks compared review as a snapshot of one quarter, not a verdict on any miner.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| Coal India | 46,833 | 38,694 | 6,547 | 4,167 |
| GMDC | 986.8 | 635.8 | ||
| MOIL | 385.0 | 363.0 |
Coal India Results Snapshot
Coal India’s Q2 FY27 top line stood at Rs 46,833 crore, versus Rs 38,694 crore in Q2 FY26, a rise of 21.0%. Net profit rose 57.1% to Rs 6,547 crore from Rs 4,167 crore. Operating margin expanded to 25.9% from 24.5% a year ago. Earnings per share for the quarter rose to Rs 10.57 from Rs 7.07.
NMDC Results Snapshot
NMDC has reported only its Q1 FY27 numbers so far, with revenue of Rs 7,143 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
GMDC Results Snapshot
In the September 2026 quarter, GMDC booked revenue of Rs 986.8 crore against Rs 635.8 crore in the same quarter last year, a rise of 55.2%.
MOIL Results Snapshot
MOIL’s Q2 FY27 top line stood at Rs 385.0 crore, versus Rs 363.0 crore in Q2 FY26, a rise of 6.1%.
Hindustan Copper Results Snapshot
Hindustan Copper has reported only its Q1 FY27 numbers so far, with revenue of Rs 953.6 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Mining results depend on output, realisations and costs, so profit can look different from revenue in a single quarter. That is why a mining stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a mining stocks compared review becomes a map of the sector rather than a price list. When you compare mining stocks after each result season, track how return on equity changes from one quarter to the next.
Mining Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare mining stocks two at a time.
Coal India vs NMDC
Coal India and NMDC are the two largest state-run miners, one for coal and the other for iron ore, and both are known for steady payouts. Coal India is about 3.9 times the size of NMDC by market capitalisation, at Rs 2,47,310 crore against Rs 62,774 crore. Coal India reports the higher return on equity, at 26.17% against 21.87% for NMDC. For dividend income, Coal India offers 6.60% against 4.90% at NMDC. Two dividend-paying state miners can still look very different, so read yield next to returns before you judge either.
GMDC vs MOIL
GMDC and MOIL are smaller state-run miners, one with lignite and other minerals and the other with manganese ore. GMDC is about 3.4 times the size of MOIL by market capitalisation, at Rs 15,212 crore against Rs 4,473 crore. On price to earnings, MOIL carries the lower multiple at 15.17 against 23.00 for GMDC. MOIL reports the higher return on equity, at 10.42% against 9.32% for GMDC. Smaller miners move with local demand, so read the business mix before you read the ratio.
Hindustan Copper vs Coal India
Hindustan Copper is a copper producer, while Coal India is the main fuel supplier to power plants, so the pair shows how metal and fuel miners differ. On price to earnings, Coal India carries the lower multiple at 7.39 against 36.58 for Hindustan Copper. Hindustan Copper reports the higher return on equity, at 27.48% against 26.17% for Coal India. For dividend income, Coal India offers 6.60% against 0.67% at Hindustan Copper. A metal miner and a fuel miner follow different price cycles, so read the business model before you read the ratio.
Best Mining Stocks for Each Type of Investor
Which of the best mining stocks is right for you depends on your priorities, so the table below lists the leader on each measure instead of crowning one name. Any mining stocks compared table can mislead if you stop at one row, because each miner leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | Coal India | 7.39 |
| Highest return on equity | Hindustan Copper | 27.48% |
| Highest dividend yield | Coal India | 6.60% |
| Lowest price to book value | MOIL | 1.58 |
| Largest by market capitalisation | Coal India | Rs 2,47,310 crore |
| Fastest Q2 FY27 revenue growth | GMDC | 55.2% |
| Sharpest Q2 FY27 net profit rise | Coal India | 57.1% |
No single name tops every row, which is exactly why a mining stock comparison helps. Scale, returns, payouts and valuation each point to a different miner, so decide what matters most to you before you rank the numbers.
What Is Driving Demand for Minerals Right Now?
India needs more coal, iron ore, copper and manganese as power demand, steel output and infrastructure spending grow. Government plans to raise domestic output of key minerals support volumes for state-run miners. Knowing what moves output and realisations helps you compare mining stocks with the right questions in mind.
Volumes, realisations and cost control decide profit for miners. Companies that sell to long-term customers and expand mine capacity can plan growth with more certainty. A good mining stocks compared routine therefore tracks output, realisations and mine capacity.
Risks to Weigh When You Compare Mining Stocks
Mining stocks depend on commodity prices, government pricing decisions and approvals for new mines. Weather can also interrupt output. Read each filing for output, realisation and capacity commentary before you compare them. Every mining stock comparison has blind spots, and for this group the biggest is output and realisations.
Because output, realisations and mine capacity drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this mining stocks compared guide a balanced starting point.
How to Compare Mining Stocks and Build a Shortlist
Start by deciding whether you want coal, iron ore, a minerals mix or a metal such as copper, because each responds to different triggers. Coal and iron ore names reward readers who track output and dividends, while copper rewards those who track metal prices. Done step by step, this mining stocks compared routine becomes repeatable rather than a one-off exercise.
Then check valuation and payouts, because dividend yield differs widely across the group. Spreading your attention across one large fuel miner and one smaller or metal-focused name is a simple way to see both sides of the sector. Keep the shortlist of best mining stocks short enough that you can actually follow each company’s quarterly results.
The Univest stock screener lets you filter mining stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this mining stocks compared page after the next set of results to see which numbers have moved.
Check the Univest Screener for live mining stock data
Download the Univest iOS App or Univest Android App to track these mining stocks live.
Conclusion: Mining Stocks Compared at a Glance
This mining stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Coal India leads on size and Hindustan Copper leads on return on equity, while the others bring their own strengths. Treat the mining stocks Q2 FY27 results and mining stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare mining stocks again next quarter, the same checklist of dividend yield, price to book and return on equity will work.
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).
Frequently Asked Questions on Mining Stocks Compared
Which are the top mining stocks compared in this article?
Ans. The mining stocks compared in this article are Coal India, NMDC, GMDC, MOIL and Hindustan Copper. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so the group can be read in one sitting before you go deeper into any single company.
Which mining stock has the highest market capitalisation?
Ans. Among the five names, Coal India has the highest market capitalisation at Rs 2,47,310 crore. NMDC follows at Rs 62,774 crore. Market value changes with every price move, which means the ranking can shuffle, so look at the latest figure on the exchange.
Which of these mining stocks has the lowest price to earnings ratio?
Ans. On mining stocks valuation, Coal India has the lowest price to earnings ratio among these mining stocks at 7.39, based on the latest reported earnings. Hindustan Copper sits at the other end at 36.58. Treat the lowest multiple as a place to start asking questions, because growth and business quality explain why investors pay more or less.
Which mining stock has the highest return on equity?
Ans. Hindustan Copper reports the highest return on equity in this group at 27.48%. In plain terms, return on equity tells you how hard shareholder funds are working. Read it across a few years and alongside debt, since a high ratio built on borrowing carries more risk.
How did mining stocks perform in Q2 FY27 results?
Ans. Three of the five names have filed Q2 FY27 numbers in our data. GMDC recorded the fastest revenue growth at 55.2% year on year. Coal India showed the sharpest net profit rise at 57.1%. For mining stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare mining stocks?
Ans. Mining stocks depend on commodity prices, government pricing decisions and approvals for new mines. Weather can also interrupt output. Read each filing for output, realisation and capacity commentary before you compare them. Keep an eye on output, realisations and mine capacity.
Which metrics matter most when you compare mining stocks?
Ans. Output volumes, realisations, cost per tonne and operating margin matter most for operating performance. Dividend yield, price to earnings, price to book and return on equity show how the market values each miner and how much it pays out. Read each company’s filing for these along with the numbers in this article.
Which is the best mining stock to buy among these five?
Ans. The best mining stock depends on whether you value dividends, scale or a metal-price view, because the five names differ on all three. On the numbers in this article, Coal India has the largest market capitalisation, the lowest price to earnings and the highest dividend yield; Hindustan Copper has the highest return on equity. There is no clear winner across every measure, and nothing here is a recommendation. Let the tables narrow your list, confirm the numbers in the filings, and take advice from a SEBI-registered advisor before acting.