3 Iron Ore Miner, Metal Recycler and Bimetal Components Maker Stocks With a Strong Future Roadmap: NMDC, Gravita India and Shivalik Bimetal

NMDC, Gravita India and Shivalik Bimetal: ROE of 15.4% to 21.9% and FY22 to FY26 revenue CAGR of 5.9% to 18.2%. Prices as of 27 Oct 2026.

Updated: 28 Oct 2026 • 1:01 pm

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3 Iron Ore Miner, Metal Recycler and Bimetal Components Maker Stocks With a Strong Future Roadmap: NMDC, Gravita India and Shivalik Bimetal

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The three iron ore, metal recycling and bimetal stocks to watch are NMDC, Gravita India and Shivalik Bimetal. Their return on equity ranges from 15.4% to 21.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 18.2%. NMDC has the highest return on equity at 21.9%, while Gravita India has the fastest revenue growth at 18.2% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.

Iron ore, metal recycling and bimetal stocks offer a focused view of a sector where demand keeps widening. NMDC, Gravita India and Shivalik Bimetal cover an iron ore miner, a metal recycler and a bimetal components maker.

This list covers three iron ore, metal recycling and bimetal stocks with complete current figures: NMDC, Gravita India and Shivalik Bimetal. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Iron Ore, Metal Recycling and Bimetal Stocks?

Iron ore, metal recycling and bimetal stocks are listed companies that mine iron ore, recycle lead, aluminium and plastic into usable metal, and make bimetal strips and contact parts for appliances and electrical equipment. Their earnings depend on volumes, metal prices and industrial demand.

Iron Ore, Metal Recycling and Bimetal Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
NMDC	69	61,921	8.3	9.9	21.9	0.19
Gravita India	1,340.3	10,050	25.7	11.3	15.4	0.30
Shivalik Bimetal	1,007.2	5,383	50.7	11.3	19.9	0.13

On valuation, NMDC trades at a P/E below the industry P/E, while Gravita India and Shivalik Bimetal trade above it, which reflects the growth the market already expects. Readers comparing iron ore, metal recycling and bimetal 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 iron ore, metal recycling and bimetal stocks can use the coming numbers to test whether growth is holding.

Why Do Iron Ore, Metal Recycling and Bimetal Stocks Have a Strong Roadmap in India?

Iron ore, metal recycling and bimetal stocks have a strong roadmap in India because steel capacity additions, a push toward recycled metals and growing electrical equipment output keep widening the market for these metal and component companies.

Steel inputs. Iron ore demand follows steel capacity growth.
Recycled metals. Circular supply meets industrial needs.
Electrical parts. Appliance and equipment makers need contacts.

Why NMDC Features Among These Iron Ore, Metal Recycling and Bimetal Stocks

Among the iron ore, metal recycling and bimetal stocks on this list, NMDC is a public sector miner and India's largest producer of iron ore, with mines in Chhattisgarh and Karnataka, and it also has interests in lithium, diamonds and other minerals.

In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit rose 1.9% to Rs 2,006 crore. Revenue rose from Rs 26,683 crore in FY22 to Rs 33,559 crore in FY26, a compound annual growth rate of 5.9%.

Net profit grew from Rs 5,538 crore in FY23 to Rs 7,415 crore in FY26, which works out to a compound annual growth rate of 10.2%. The company has a return on equity of 21.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 61,921 crore. The stock trades at a P/E of 8.3, below the industry P/E of 9.9.

Roadmap: The company plans to raise production capacity to meet the country's growing steel demand and has a debt-free balance sheet that supports its mining expansion. Its low-cost iron ore and new mineral projects give it multiple growth options.

What to watch: Follow iron ore volumes and prices and the pace of its expansion and critical mineral projects.

Why Gravita India Features Among These Iron Ore, Metal Recycling and Bimetal Stocks

Among the iron ore, recycled metal and bimetal 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.

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.

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.

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 Shivalik Bimetal Features Among These Iron Ore, Metal Recycling and Bimetal Stocks

Among the three companies on this list, Shivalik Bimetal Controls makes thermostatic bimetal strips, shunts and electrical contact components used in appliances, automobiles and electrical equipment, selling to customers in India and abroad.

Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%.

In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3.

Roadmap: The company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

What to watch: Follow shunt demand from electric vehicles and meters and new component launches.

NMDC vs Gravita India vs Shivalik Bimetal on Key Financials

The table below sets the three iron ore, metal recycling and bimetal 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
NMDC	26,683	33,559	5.9%	7,415	22.1%
Gravita India	2,224	4,342	18.2%	378	8.7%
Shivalik Bimetal	329	583	15.3%	95.9	16.4%

NMDC posts the highest return on equity in this group at 21.9%. NMDC has the largest FY26 revenue at Rs 33,559 crore, and Gravita India shows the fastest revenue growth with a 18.2% compound annual rate. A useful habit with iron ore, metal recycling and bimetal 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
NMDC	7,039	7,143	1.5%
Gravita India	1,070	1,523	42.3%
Shivalik Bimetal	139	186	33.7%

Key Risks to Check Before Investing in Iron Ore, Metal Recycling and Bimetal Stocks

Every theme carries risks that deserve a check before any decision. For these iron ore, metal recycling and bimetal stocks, the main points are: Long-term iron ore, recycled metal and bimetal shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Commodity prices. Selling prices follow global and domestic markets.
Input costs. Metal and material prices can move margins.
Demand cycles. Sales can vary with seasons and rates.

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 iron ore, metal recycling and bimetal stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Iron Ore, Metal Recycling and Bimetal Stocks

Iron ore, metal recycling and bimetal stocks reward patient research into demand, execution and financial strength. NMDC, Gravita India and Shivalik Bimetal each have a clear plan to expand. Based on the 27 October 2026 close, NMDC trades at Rs 69, Gravita India at Rs 1,340.3 and Shivalik Bimetal at Rs 1,007.2. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these iron ore, metal recycling and bimetal stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track iron ore, metal recycling and bimetal stocks, set price alerts and get research-backed stock ideas.

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 iron ore, metal recycling and bimetal stocks?

Ans. Iron ore, metal recycling and bimetal stocks are listed companies that mine iron ore, recycle lead, aluminium and plastic into usable metal, and make bimetal strips and contact parts for appliances and electrical equipment. Their earnings depend on volumes, metal prices and industrial demand. This list looks at three of them, NMDC, Gravita India and Shivalik Bimetal, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.

Which iron ore, metal recycling and bimetal stocks are covered in this list?

Ans. This list covers NMDC, Gravita India and Shivalik Bimetal. Based on the 27 October 2026 close, NMDC traded at Rs 69, Gravita India at Rs 1,340.3 and Shivalik Bimetal at Rs 1,007.2. Their return on equity ranges from 15.4% to 21.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 18.2%.

Why do iron ore, metal recycling and bimetal stocks have a strong future roadmap in India?

Ans. Iron ore, metal recycling and bimetal stocks have a strong roadmap in India because steel capacity additions, a push toward recycled metals and growing electrical equipment output keep widening the market for these metal and component companies. The main drivers are as follows. Steel inputs. Iron ore demand follows steel capacity growth. Recycled metals. Circular supply meets industrial needs. Electrical parts. Appliance and equipment makers need contacts. Together these factors give the companies on this list a visible path for growth over the coming years.

How has NMDC performed financially?

Ans. Revenue rose from Rs 26,683 crore in FY22 to Rs 33,559 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 5,538 crore in FY23 to Rs 7,415 crore in FY26, which works out to a compound annual growth rate of 10.2%. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit rose 1.9% to Rs 2,006 crore. The company has a return on equity of 21.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 61,921 crore. The stock trades at a P/E of 8.3, below the industry P/E of 9.9. Looking ahead, the company plans to raise production capacity to meet the country's growing steel demand and has a debt-free balance sheet that supports its mining expansion. Its low-cost iron ore and new mineral projects give it multiple growth options.

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 Shivalik Bimetal performed financially?

Ans. Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

What risks should investors check before buying iron ore, metal recycling and bimetal stocks?

Ans. Investors should check a few risks before buying iron ore, metal recycling and bimetal stocks. Commodity prices. Selling prices follow global and domestic markets. Input costs. Metal and material prices can move margins. Demand cycles. Sales can vary with seasons and rates. 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 iron ore, metal recycling and bimetal stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 27 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.