{"id":312965,"date":"2026-10-16T10:41:56","date_gmt":"2026-10-16T05:11:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312965"},"modified":"2026-10-16T10:41:56","modified_gmt":"2026-10-16T05:11:56","slug":"non-ferrous-metal-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top Non Ferrous Metal Stocks to Watch for Future Multibagger Potential: Hindustan Zinc, NALCO and Hindustan Copper"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hindustan Zinc Rs 529.35. NALCO Rs 316.85. Hindustan Copper Rs 455.40. Market caps from Rs 43,821 crore to Rs 2.24 lakh crore. Data as of 16 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Hindustan Zinc, NALCO and Hindustan Copper are the 3 picks in this non ferrous metal stocks watchlist, with market caps between Rs 43,821 crore and Rs 2.24 lakh crore. Hindustan Zinc stands out for the highest return on equity at 61.13%, while NALCO offers the lowest PE of the group at 8.74. PE ratios run from 8.74 to 38.57, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>Non ferrous metal stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Hindustan Zinc, NALCO and Hindustan Copper meet that test, with market caps from Rs 43,821 crore to Rs 2.24 lakh crore and Hindustan Zinc offering the highest return on equity at 61.13%. Copper, zinc and aluminium sit behind power grids, electric vehicles and construction, so demand for these metals follows the energy transition.<\/p>\n<p>This list covers listed zinc, copper and aluminium producers with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening non ferrous metal stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=non-ferrous-metal-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#What_Are_Non_Ferrous_Metal_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Non Ferrous Metal Stocks and Why Do They Attract Multibagger Interest?\">What Are Non Ferrous Metal Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Non_Ferrous_Metal_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Non Ferrous Metal Stocks at a Glance: Price, Market Cap, PE and ROE\">Non Ferrous Metal Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Hindustan_Zinc_Return_on_Equity_of_6113\" title=\"Hindustan Zinc: Return on Equity of 61.13%\">Hindustan Zinc: Return on Equity of 61.13%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#NALCO_Return_on_Equity_of_2683\" title=\"NALCO: Return on Equity of 26.83%\">NALCO: Return on Equity of 26.83%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Hindustan_Copper_2525_Profit_CAGR_Since_FY22\" title=\"Hindustan Copper: 25.25% Profit CAGR Since FY22\">Hindustan Copper: 25.25% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Non_Ferrous_Metal_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Non Ferrous Metal Stocks: Financial Comparison on Growth and Margins\">Non Ferrous Metal Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Hindustan_Zinc_NALCO_and_Hindustan_Copper\" title=\"Institutional Holding in Hindustan Zinc, NALCO and Hindustan Copper\">Institutional Holding in Hindustan Zinc, NALCO and Hindustan Copper<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Non_Ferrous_Metal_Stocks\" title=\"Risks to Weigh in Non Ferrous Metal Stocks\">Risks to Weigh in Non Ferrous Metal Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Non_Ferrous_Metal_Stocks\" title=\"How to Choose Between Non Ferrous Metal Stocks\">How to Choose Between Non Ferrous Metal Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Non_Ferrous_Metal_Stocks_to_Watch\" title=\"Frequently Asked Questions on Non Ferrous Metal Stocks to Watch\">Frequently Asked Questions on Non Ferrous Metal Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Which_are_the_best_non_ferrous_metal_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best non ferrous metal stocks to watch for multibagger potential?\">Which are the best non ferrous metal stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Is_Hindustan_Zinc_a_good_stock_for_long-term_investors\" title=\"Is Hindustan Zinc a good stock for long-term investors?\">Is Hindustan Zinc a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Can_Hindustan_Copper_become_a_multibagger_from_here\" title=\"Can Hindustan Copper become a multibagger from here?\">Can Hindustan Copper become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Hindustan_Zinc_NALCO_and_Hindustan_Copper\" title=\"What is the market cap of Hindustan Zinc, NALCO and Hindustan Copper?\">What is the market cap of Hindustan Zinc, NALCO and Hindustan Copper?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_non_ferrous_metal_stocks\" title=\"What are the risks of investing in non ferrous metal stocks?\">What are the risks of investing in non ferrous metal stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#Why_is_Hindustan_Copper_trading_at_a_PE_of_3857\" title=\"Why is Hindustan Copper trading at a PE of 38.57?\">Why is Hindustan Copper trading at a PE of 38.57?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/non-ferrous-metal-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Hindustan_Zinc_NALCO_and_Hindustan_Copper\" title=\"How much do institutions hold in Hindustan Zinc, NALCO and Hindustan Copper?\">How much do institutions hold in Hindustan Zinc, NALCO and Hindustan Copper?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Non_Ferrous_Metal_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Non Ferrous Metal Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Non ferrous metal stocks are listed companies that mine and process metals other than iron, such as zinc, lead, silver, copper and aluminium. Their earnings follow global metal prices, production volumes and the cost of extraction.<\/p>\n<p>Grid upgrades, renewable power, electric vehicles and urban construction increase the use of copper, zinc and aluminium. Producers with large reserves, low costs and strong cash flows can expand output through the cycle, which is what investors weigh in non ferrous metal stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Non_Ferrous_Metal_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Non Ferrous Metal Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are as of 16 October 2026, mid-session. NALCO has the lowest PE of the group at 8.74, while Hindustan Zinc posts the highest return on equity at 61.13%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/hindzinc\/hindustan-zinc-ltd-share-price-today\">Hindustan Zinc<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">529.35<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,23,984<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.12<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.27<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">61.13%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.39<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">412.25 to 609.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/nationalum\/national-aluminium-company-ltd-share-price-today\">National Aluminium Company<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">316.85<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">58,974<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.74<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.46<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.83%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.00<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">222.71 to 445.15<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/hindcopper\/hindustan-copper-ltd-share-price-today\">Hindustan Copper<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">455.40<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">43,821<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">38.57<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.27<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.03<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">308.50 to 760.05<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Return_on_Equity_of_6113\"><\/span><strong>Hindustan Zinc: Return on Equity of 61.13%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Zinc is among the world&#8217;s largest integrated zinc producers and also produces lead and silver. It reported FY26 revenue of Rs 41,934 crore, up 19.59% year on year, and net profit of Rs 13,832 crore, up 33.60%. Net profit has compounded at 9.48% a year since FY22, while revenue has grown 8.15% a year. Operating margin was 56.75% in FY26. The debt-to-equity ratio is 0.39.<\/p>\n<p>In the June 2026 quarter, revenue rose 74.70% to Rs 14,063 crore and net profit grew 144.81% to Rs 5,469 crore. Foreign investors raised their holding from 1.31% in September 2025 to 2.36% in September 2026. The stock trades at a PE of 13.12 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.89%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NALCO_Return_on_Equity_of_2683\"><\/span><strong>NALCO: Return on Equity of 26.83%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>National Aluminium Company is a government-owned, integrated bauxite-to-aluminium producer with operations in Odisha. It reported FY26 revenue of Rs 18,508.88 crore, up 7.96% year on year, and net profit of Rs 5,797.01 crore, up 10.04%. Net profit has compounded at 18.38% a year since FY22, while revenue has grown 6.33% a year. Operating margin was 48.16% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 8.74 against an industry PE of 12.46, below the sector average, with a return on equity of 26.83%. The dividend yield is 3.58%. In the June 2026 quarter, revenue rose 39.31% to Rs 5,475.68 crore and net profit grew 90.87% to Rs 2,003.14 crore. The share price has gained 160.35% over five years and 39.86% over the past year. Foreign investors raised their holding from 15.06% in June 2025 to 21.99% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Copper_2525_Profit_CAGR_Since_FY22\"><\/span><strong>Hindustan Copper: 25.25% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Copper is a government-owned company that mines copper ore and produces refined copper in India. It reported FY26 revenue of Rs 3,149.67 crore, up 46.62% year on year, and net profit of Rs 920.66 crore, up 96.97%. Net profit has compounded at 25.25% a year since FY22, while revenue has grown 13.89% a year. Operating margin was 46.74% in FY26. The debt-to-equity ratio is 0.03, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 81.07% to Rs 953.60 crore and net profit grew 162.59% to Rs 352.61 crore. The share price has gained 205.23% over five years and 33.08% over the past year. Foreign investors raised their holding from 3.71% in June 2025 to 5.96% in June 2026. The stock trades at a PE of 38.57 against an industry PE of 12.27, with a return on equity of 27.48%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Non_Ferrous_Metal_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Non Ferrous Metal Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these non ferrous metal stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Hindustan Zinc<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">41,934<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13,832<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.59%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.15%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">64.19%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NALCO<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,508.88<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5,797.01<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.33%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.38%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">54.34%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Hindustan Copper<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,149.67<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">920.66<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">46.62%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.25%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">56.02%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these non ferrous metal stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Hindustan_Zinc_NALCO_and_Hindustan_Copper\"><\/span><strong>Institutional Holding in Hindustan Zinc, NALCO and Hindustan Copper<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these non ferrous metal stocks alongside the promoter. The table uses the latest reported quarter for each. NALCO has the deepest institutional backing, with FII and DII together holding 33.21% as of June 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Hindustan Zinc<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.71%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.36%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.85%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.07%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NALCO<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">51.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.99%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.51%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Hindustan Copper<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">66.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.84%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.06%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Non_Ferrous_Metal_Stocks\"><\/span><strong>Risks to Weigh in Non Ferrous Metal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with non ferrous metal stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Metal prices on the London Metal Exchange move with global demand, so earnings can change quickly.<\/li>\n<li>Mine output depends on ore grades, approvals and the rupee-dollar rate.<\/li>\n<li><strong>Valuation:<\/strong> Hindustan Copper trades at a PE of 38.57 against an industry PE of 12.27, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Non_Ferrous_Metal_Stocks\"><\/span><strong>How to Choose Between Non Ferrous Metal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from non ferrous metal stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (12.27 to 12.46) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track mine and metal output, the operating margin and the dividend payout each quarter.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Hindustan Zinc, NALCO and Hindustan Copper live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among non ferrous metal stocks, Hindustan Zinc stands out for the highest return on equity at 61.13%, NALCO for the lowest PE of the group at 8.74 and Hindustan Copper for the fastest profit growth, 25.25% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing non ferrous metal stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Non_Ferrous_Metal_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Non Ferrous Metal Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_non_ferrous_metal_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best non ferrous metal stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Zinc, NALCO and Hindustan Copper are the 3 names this list highlights, with market caps of Rs 2,23,984 crore, Rs 58,974 crore and Rs 43,821 crore respectively. Hindustan Zinc is notable for the highest return on equity at 61.13%. NALCO stands out for the lowest PE of the group at 8.74. Hindustan Copper offers the fastest profit growth, 25.25% a year since FY22. These are watchlist names for non ferrous metal stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Hindustan_Zinc_a_good_stock_for_long-term_investors\"><\/span><strong>Is Hindustan Zinc a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Zinc has a return on equity of 61.13%, a PE of 13.12 against an industry PE of 12.27 and a market cap of Rs 2,23,984 crore. Net profit has compounded at 9.48% a year since FY22, and FY26 revenue rose 19.59% while June 2026 quarter net profit grew 144.81%. Long-term returns in non ferrous metal stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Hindustan_Copper_become_a_multibagger_from_here\"><\/span><strong>Can Hindustan Copper become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Copper has already gained 205.23% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in non ferrous metal stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.25% a year since FY22, and FY26 revenue rose 46.62%. At a PE of 38.57 against an industry PE of 12.27, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Hindustan_Zinc_NALCO_and_Hindustan_Copper\"><\/span><strong>What is the market cap of Hindustan Zinc, NALCO and Hindustan Copper?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, Hindustan Zinc has a market cap of Rs 2,23,984 crore, NALCO has a market cap of Rs 58,974 crore and Hindustan Copper has a market cap of Rs 43,821 crore. Hindustan Zinc is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on non ferrous metal stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_non_ferrous_metal_stocks\"><\/span><strong>What are the risks of investing in non ferrous metal stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are global metal prices, the rupee and mining approvals. Earnings rise and ease with benchmark prices, and ore quality affects costs. Low-cost producers with regular dividends are better placed through the cycle. Hindustan Copper trades at a PE of 38.57 against an industry PE of 12.27, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Hindustan_Copper_trading_at_a_PE_of_3857\"><\/span><strong>Why is Hindustan Copper trading at a PE of 38.57?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Copper&#8217;s PE of 38.57 compares with an industry PE of 12.27. The market is paying a premium for a return on equity of 27.48%, profit growth of 25.25% a year since FY22 and latest-quarter profit growth of 162.59%, which also means the stock is more sensitive if growth slows. Investors in non ferrous metal stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Hindustan_Zinc_NALCO_and_Hindustan_Copper\"><\/span><strong>How much do institutions hold in Hindustan Zinc, NALCO and Hindustan Copper?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 7.21% of Hindustan Zinc (2.36% and 4.85%), 33.21% of NALCO (21.99% and 11.22%) and 10.80% of Hindustan Copper (5.96% and 4.84%). Rising institutional holding is a useful signal in non ferrous metal stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best non ferrous metal stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Zinc, NALCO and Hindustan Copper are the 3 names this list highlights, with market caps of Rs 2,23,984 crore, Rs 58,974 crore and Rs 43,821 crore respectively. Hindustan Zinc is notable for the highest return on equity at 61.13%. NALCO stands out for the lowest PE of the group at 8.74. Hindustan Copper offers the fastest profit growth, 25.25% a year since FY22. 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