Mirae Asset Nifty Metal ETF Stock Price Today (NSE: METAL)
Fundamental Score
Mirae Asset Nifty Metal ETF Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Mirae Asset Nifty Metal ETF share price today is ₹11.40, down 1.23% on NSE/BSE as of 30 March 2026. Mirae Asset Nifty Metal ETF (METAL) is a Small-cap company in the Iron & Steel Products sector with a market capitalisation of ₹52.09 (Cr). The 52-week high for METAL share price is ₹12.85 and the 52-week low is ₹7.73. At a P/E ratio of 24.69x, METAL is currently trading above its industry average P/E of 22.05x. The company has a Return on Equity (ROE) of 5.79% and a debt-to-equity ratio of 0.00.
Mirae Asset Nifty Metal ETF Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Mirae Asset Nifty Metal ETF Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Mirae Asset Nifty Metal ETF Share Price: A Conservative Value Investor's Perspective
Analyzing the Mirae Asset Nifty Metal ETF share price requires a deep dive beyond surface-level numbers, especially within the Iron & Steel Products sector. Currently, global supply chains are facing pressures, potentially impacting the profitability of companies involved in steel production. This analysis, part of a larger 80-parameter fundamental audit verified by Sweta Mishra, focuses on capital safety and long-term value preservation.
At a price of ₹11.89, the Mirae Asset Nifty Metal ETF trades at a PE ratio of 24.69. This valuation suggests market expectations of future growth within the metal sector. A key consideration for a value investor is the sustainability of this growth. We observe a Return on Capital Employed (ROCE) of 12.76%. This ROCE is crucial because it indicates how effectively the ETF is generating profits from its invested capital. A consistently strong ROCE typically suggests a competitive advantage or economic "moat," but 12.76% requires careful scrutiny to determine its resilience against sector volatility and cyclical downturns.
Comparing management quality is important. While we won't make direct judgments here, examining the historical performance and capital allocation decisions of the companies within the ETF, in comparison to peers like
Azad India, can provide insights. For example, assessing how Azad India navigated past commodity price fluctuations can offer a comparative benchmark. Are the companies within the ETF demonstrating similar or superior strategic agility and capital stewardship?The 12.76% ROCE is a significant data point. However, for a conservative investor, the durability of this ROCE is paramount. Is it primarily driven by temporary factors like high metal prices or sustained by cost efficiencies, technological innovation, or strong brand reputation within the underlying companies? Answering this requires a deep dive into the individual holdings within the ETF and their respective competitive landscapes. Without knowing the individual components of the ETF it is difficult to ascertain how strong it is.
This analysis is purely observational and for informational purposes only. It does not constitute financial advice, and no investment decisions should be made based solely on this information.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Mirae Asset Nifty Metal ETF Fundamental Analysis & Valuation Benchmarking
Educational evaluation of METAL across key market metrics for learning purposes.
Positive Indicators
3 factors identified
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Balanced Promoter Holding (70.58%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
6 factors identified
Below-Average Return on Equity (5.79%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Margin Pressure Concerns (2.54%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Profit Decline Concern (-13.58%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Weak Earnings Growth (-3.62% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-3.62% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Weak Interest Coverage (2.12x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
Mirae Asset Nifty Metal ETF Financial Statements
Comprehensive financial data for Mirae Asset Nifty Metal ETF including income statement, balance sheet and cash flow
About METAL (Mirae Asset Nifty Metal ETF)
Mirae Asset Nifty Metal ETF (METAL) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Iron & Steel Products secto...r with a current market capitalisation of ₹52.09 (Cr). Mirae Asset Nifty Metal ETF has delivered a Return on Equity (ROE) of 5.79% and a ROCE of 12.76%. The debt-to-equity ratio stands at 0.00, reflecting the company's capital structure. Investors tracking METAL share price can monitor key metrics including P/E ratio, promoter holding of 70.58%, and quarterly earnings growth.
Company Details
METAL Share Price: Frequently Asked Questions
What is the current share price of Mirae Asset Nifty Metal ETF (METAL)?
As of 30 Mar 2026, 12:05 pm IST, Mirae Asset Nifty Metal ETF share price is ₹11.40. The METAL stock has a market capitalisation of ₹52.09 (Cr) on NSE/BSE.
Is METAL share price Overvalued or Undervalued?
METAL share price is currently trading at a P/E ratio of 24.69x, compared to the industry average of 22.05x. Based on this relative valuation, the Mirae Asset Nifty Metal ETF stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of METAL share price?
The 52-week high of METAL share price is ₹12.85 and the 52-week low is ₹7.73. These values are updated daily from NSE/BSE price data.
What factors affect the Mirae Asset Nifty Metal ETF share price?
Key factors influencing METAL share price include quarterly earnings growth (Sales Growth: -4.53%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Mirae Asset Nifty Metal ETF a good stock for long-term investment?
Mirae Asset Nifty Metal ETF shows a 5-year Profit Growth of -3.62% and an ROE of 5.79%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in METAL shares.
How does Mirae Asset Nifty Metal ETF compare with its industry peers?
Mirae Asset Nifty Metal ETF competes with major peers in the Iron & Steel Products. Investors should compare METAL share price P/E of 24.69x and ROE of 5.79% against the industry averages to determine competitive standing.
What is the P/E ratio of METAL and what does it mean?
METAL share price has a P/E ratio of 24.69x compared to the industry average of 22.05x. Investors pay ₹25 for every ₹1 of annual earnings.
How is METAL performing according to Bull Run's analysis?
METAL has a Bull Run fundamental score of 22.2/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does METAL belong to?
METAL operates in the Iron & Steel Products industry. This classification helps understand the competitive landscape and sector-specific trends affecting Mirae Asset Nifty Metal ETF share price.
What is Return on Equity (ROE) and why is it important for METAL?
METAL has an ROE of 5.79%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Mirae Asset Nifty Metal ETF generates profits from shareholders capital.
How is METAL debt-to-equity ratio and what does it indicate?
METAL has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.
What is METAL dividend yield and is it a good dividend stock?
METAL offers a dividend yield of 1.41%, meaning you receive ₹1.41 annual dividend for every ₹100 invested in Mirae Asset Nifty Metal ETF shares.
How has METAL share price grown over the past 5 years?
METAL has achieved 5-year growth rates of: Sales Growth 5.82%, Profit Growth -3.62%, and EPS Growth -3.62%.
What is the promoter holding in METAL and why does it matter?
Promoters hold 70.58% of METAL shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Mirae Asset Nifty Metal ETF.
What is METAL market capitalisation category?
METAL has a market capitalisation of ₹52 crores, placing it in the Small-cap category.
How volatile is METAL stock?
METAL has a beta of N/A. A beta > 1 suggests the Mirae Asset Nifty Metal ETF stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is METAL operating profit margin trend?
METAL has a 5-year average Operating Profit Margin (OPM) of 2.54%, indicating the company's operational efficiency.
How is METAL quarterly performance?
Recent quarterly performance shows Mirae Asset Nifty Metal ETF YoY Sales Growth of -4.53% and YoY Profit Growth of -13.58%.
What is the institutional holding pattern in METAL?
METAL has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Mirae Asset Nifty Metal ETF stock.