
3 Iron Ore Mining Company, Cement Maker and Winding and Conductor Wires Maker Stocks With a Strong Future Roadmap: NMDC, Star Cement and Ram Ratna Wires
NMDC, Star Cement and Ram Ratna Wires: ROE of 12.3% to 21.9% and FY22 to FY26 revenue CAGR of 5.9% to 22.7%. Prices as of 11 Nov 2026.
Updated: 12 Nov 2026 • 10:35 am
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Quick Answer
The three iron ore miner, cement and winding wire stocks to watch are NMDC, Star Cement and Ram Ratna Wires. Their return on equity ranges from 12.3% to 21.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 22.7%. NMDC has the highest return on equity at 21.9%, while Ram Ratna Wires has the fastest revenue growth at 22.7% a year. Prices are based on the 11 November 2026 close, and this article is educational, not investment advice.
Iron ore miner, cement and winding wire stocks give investors a way to track businesses that sit close to everyday demand in India. NMDC, Star Cement and Ram Ratna Wires cover an iron ore mining company, a cement maker and a winding and conductor wires maker.
This list covers three iron ore miner, cement and winding wire stocks with complete current figures: NMDC, Star Cement and Ram Ratna Wires. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.
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What Are Iron Ore Miner, Cement and Winding Wire Stocks?
Iron ore miner, cement and winding wire stocks are listed companies that mine iron ore for steel makers, produce cement for homes, roads and bridges, and make copper and aluminium winding wires and conductors for motors and power lines. Their earnings depend on steel output, construction activity and power sector investment.
Iron Ore Miner, Cement and Winding Wire Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| NMDC | 71.7 | 61,921 | 8.3 | 9.9 | 21.9 | 0.19 |
| Star Cement | 174.99 | 6,481 | 17.7 | 29.6 | 12.3 | 0.19 |
| Ram Ratna Wires | 528.9 | 5,049 | 39.5 | 11.3 | 18.5 | 1.13 |
On valuation, NMDC and Star Cement trade at a P/E below the industry P/E, while Ram Ratna Wires trades above it, which reflects the growth the market already expects. Readers comparing iron ore miner, cement and winding wire 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 miner, cement and winding wire stocks can use the coming numbers to test whether growth is holding.
Why Do Iron Ore Miner, Cement and Winding Wire Stocks Have a Strong Roadmap in India?
Iron ore miner, cement and winding wire stocks have a strong roadmap in India because steady growth in steel capacity, heavy spending on housing and roads and rapid expansion of power networks keep widening the market for these companies.
- Iron ore. Steel mills need steady ore supply.
- Cement. Roads and homes consume more cement.
- Winding wires. Motors and grids need quality conductors.
Why NMDC Features Among These Iron Ore Miner, Cement and Winding Wire Stocks
Among the iron ore miner, cement and winding wire 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 Star Cement Features Among These Iron Ore Miner, Cement and Winding Wire Stocks
Among the ore digger, building material and copper wire shares on this list, Star Cement is a leading cement maker in India's North East, producing cement at plants in Meghalaya and Assam and selling across the region and in eastern India.
The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6.
Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%. In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore.
Roadmap: The company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.
What to watch: Follow regional cement prices, capacity expansion and fuel and freight costs.
Why Ram Ratna Wires Features Among These Iron Ore Miner, Cement and Winding Wire Stocks
Among the three companies on this list, Ram Ratna Wires makes winding wires, conductors and related products used in transformers, motors, generators and electrical equipment. It supplies major manufacturers of power and industrial machines.
Revenue rose from Rs 2,295 crore in FY22 to Rs 5,195 crore in FY26, a compound annual growth rate of 22.7%. Net profit grew from Rs 54.2 crore in FY22 to Rs 109 crore in FY26, which works out to a compound annual growth rate of 19.0%.
The company has a return on equity of 18.5%, a debt to equity ratio of 1.13 and a market capitalisation of Rs 5,049 crore. The stock trades at a P/E of 39.5, above the industry P/E of 11.3.
Roadmap: The company is benefiting from higher spending on power transmission, renewable energy and electrical equipment. Added capacity and a wider product range help it serve large equipment makers.
What to watch: Track winding wire volumes, copper pass-through pricing and new capacity.
NMDC vs Star Cement vs Ram Ratna Wires on Key Financials
The table below sets the three iron ore miner, cement and winding wire 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% |
| Star Cement | 2,255 | 3,796 | 13.9% | 390 | 10.3% |
| Ram Ratna Wires | 2,295 | 5,195 | 22.7% | 109 | 2.1% |
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 Ram Ratna Wires shows the fastest revenue growth with a 22.7% compound annual rate. A useful habit with iron ore miner, cement and winding wire stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Iron Ore Miner, Cement and Winding Wire Stocks
Every theme carries risks that deserve a check before any decision. For these iron ore miner, cement and winding wire stocks, the main points are: Long-term ore digger, building material and copper wire 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.
- Capex cycles. Customer spending on plants and projects can vary.
- Raw material costs. Ingredient and packaging prices can move margins.
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 miner, cement and winding wire stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Iron Ore Miner, Cement and Winding Wire Stocks
Iron ore miner, cement and winding wire stocks work best when investors track growth, valuation and return on equity side by side. NMDC, Star Cement and Ram Ratna Wires each have a clear plan to grow. Based on the 11 November 2026 close, NMDC trades at Rs 71.7, Star Cement at Rs 174.99 and Ram Ratna Wires at Rs 528.9. 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 miner, cement and winding wire stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track iron ore miner, cement and winding wire 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 miner, cement and winding wire stocks?
Ans. Iron ore miner, cement and winding wire stocks are listed companies that mine iron ore for steel makers, produce cement for homes, roads and bridges, and make copper and aluminium winding wires and conductors for motors and power lines. Their earnings depend on steel output, construction activity and power sector investment. This list looks at three of them, NMDC, Star Cement and Ram Ratna Wires, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which iron ore miner, cement and winding wire stocks are covered in this list?
Ans. This list covers NMDC, Star Cement and Ram Ratna Wires. Based on the 11 November 2026 close, NMDC traded at Rs 71.7, Star Cement at Rs 174.99 and Ram Ratna Wires at Rs 528.9. Their return on equity ranges from 12.3% to 21.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 22.7%.
Why do iron ore miner, cement and winding wire stocks have a strong future roadmap in India?
Ans. Iron ore miner, cement and winding wire stocks have a strong roadmap in India because steady growth in steel capacity, heavy spending on housing and roads and rapid expansion of power networks keep widening the market for these companies. The main drivers are as follows. Iron ore. Steel mills need steady ore supply. Cement. Roads and homes consume more cement. Winding wires. Motors and grids need quality conductors. 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 Star Cement performed financially?
Ans. Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%. In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6. Looking ahead, the company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.
How has Ram Ratna Wires performed financially?
Ans. Revenue rose from Rs 2,295 crore in FY22 to Rs 5,195 crore in FY26, a compound annual growth rate of 22.7%. Net profit grew from Rs 54.2 crore in FY22 to Rs 109 crore in FY26, which works out to a compound annual growth rate of 19.0%. The company has a return on equity of 18.5%, a debt to equity ratio of 1.13 and a market capitalisation of Rs 5,049 crore. The stock trades at a P/E of 39.5, above the industry P/E of 11.3. Looking ahead, the company is benefiting from higher spending on power transmission, renewable energy and electrical equipment. Added capacity and a wider product range help it serve large equipment makers.
What risks should investors check before buying iron ore miner, cement and winding wire stocks?
Ans. Investors should check a few risks before buying iron ore miner, cement and winding wire stocks. Commodity prices. Selling prices follow global and domestic markets. Capex cycles. Customer spending on plants and projects can vary. Raw material costs. Ingredient and packaging prices can move margins. 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 miner, cement and winding wire stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 11 November 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.
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