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List of Top Mining Stocks in India (2026)

During the Union Budget 2026–27, mining sector stocks gained attention after the government announced strategic support for critical minerals and rare earth corridors. The budget focused on building domestic processing capacity, reducing import dependence, and strengthening licensing and infrastructure in mineral-rich states.

Top Mining Stocks in 2026

Mining - Diversified Stock Screener

Mining - Diversified Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 15 of 15 results

last updated at 6:30 PM IST 
NameStocks (15)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Hindustan Zinc LtdHINDZINCMining - DiversifiedMining - Diversified2,27,153.152,27,153.15537.60537.6021.9421.94-1.60-1.60-7.70-7.7018.1918.1923.1923.1917.0517.0572.6072.6062.8962.895.405.400.820.822.952.95
2.Gujarat Mineral Development Corporation LtdGMDCLTDMining - DiversifiedMining - Diversified17,784.1517,784.15559.25559.2525.9325.931.111.112.112.111.301.30122.00122.002.772.7710.9610.9612.4212.421.811.810.020.023.923.92
3.Sandur Manganese and Iron Ores LtdSANDUMAMining - DiversifiedMining - Diversified9,160.659,160.65188.23188.2319.4819.48-0.12-0.12-8.32-8.3219.4919.4919.6619.663.493.4919.6519.6518.1118.110.220.220.720.723.953.95
4.Midwest Gold LtdMIDWESTMining - DiversifiedMining - Diversified4,933.154,933.154,094.604,094.60-882.50-882.50-4.85-4.85-11.17-11.1777.4977.491,433.271,433.2747.7847.78---2.67-2.67--0.900.903.423.42
5.Prabha Energy LtdPRABHAMining - DiversifiedMining - Diversified2,307.062,307.06157.40157.40-1,602.12-1,602.124.684.686.646.64-26.83-26.83-23.26-23.265.265.26-0.33-0.33-0.33-0.33--0.290.293.623.62
6.Orissa Minerals Development Company LtdORISSAMINEMining - DiversifiedMining - Diversified2,190.842,190.843,651.403,651.40-54.47-54.473.163.16-15.11-15.11-24.93-24.93-31.04-31.04-42.47-42.47---19.38-19.38----2.972.97
7.Deccan Gold Mines LtdDECNGOLDMining - DiversifiedMining - Diversified1,963.191,963.1999.2099.20-59.85-59.850.000.00-19.28-19.28-23.37-23.374.234.238.158.15-14.50-14.50-21.82-21.82--0.620.624.314.31
8.South West Pinnacle Exploration LtdSOUTHWESTMining - DiversifiedMining - Diversified612.62612.62205.37205.3737.2637.268.968.9615.3115.3147.2447.2498.2998.293.593.5911.2611.2615.8415.84--0.380.383.973.97
9.ASI Industries LtdASIILMining - DiversifiedMining - Diversified224.65224.6524.9424.948.838.831.051.05-8.62-8.62-22.55-22.55-22.88-22.880.640.647.547.5411.0011.001.601.600.090.093.413.41
10.Pacific Industries LtdPACIFICIMining - DiversifiedMining - Diversified91.3391.33132.50132.5011.9411.941.151.15-8.56-8.56-31.36-31.36-32.10-32.100.210.211.751.753.323.32--0.170.173.083.08
11.Sparkle Gold Rock LtdSPARKLEGRMining - DiversifiedMining - Diversified30.9030.9069.0069.00-128.75-128.754.264.26-6.50-6.50-29.84-29.8432.3432.3427.5927.59-19.28-19.28-11.32-11.32--0.400.403.583.58
12.Raw Edge Industrial Solutions LtdRAWEDGEMining - DiversifiedMining - Diversified15.3915.3915.3015.30-14.94-14.943.873.87-27.86-27.86-43.48-43.48-41.83-41.830.740.74-4.82-4.823.963.96--0.890.894.624.62
13.Kachchh Minerals LtdKACHCHHMining - DiversifiedMining - Diversified14.9914.9928.2828.281,499.091,499.094.434.43-5.73-5.73-43.22-43.228.898.897.777.770.520.521.831.83--0.130.134.984.98
14.Rajdarshan Industries LtdARENTERPMining - DiversifiedMining - Diversified12.4712.4740.1240.1256.6856.68-1.69-1.69-7.56-7.56-13.16-13.16-5.67-5.670.570.571.011.010.820.82--0.000.003.903.90
15.Raconteur Global Resources LtdRACONTEURMining - DiversifiedMining - Diversified7.307.3014.0014.0045.6245.620.000.00-12.50-12.503.703.7035.7935.790.390.390.930.930.920.92--0.290.296.086.08

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Mining - Diversified | Market Cap: Sorted from Highest to Lowest

Union Budget 2026 and Government Schemes Update for the Mining Sector

  1. Launch of the National Critical Mineral Mission:The National Critical Mineral Mission was launched by the government in January 2025 as a seven-year programme running from 2024-25 to 2030-31. It has an outlay of about ₹16,300 cr., with around ₹18,000 cr. in expected investments from PSUs and private players
  2. Mining Identified for Major Reforms: The Union Budget 2025–26 highlighted mining as one of the key sectors chosen for “transformative reforms.” This signals that the government aims to simplify rules, improve transparency, and strengthen the overall mining ecosystem.
  3. Introduction of the State Mining Index (SMI):A new State Mining Index will rank states based on how efficiently they manage mining activities. This includes the speed of mine auctions, exploration progress, environmental compliance, and sustainable mining practices.
  4. Policy for Recovering Critical Minerals from Mining Waste:The Budget proposed a policy that allows companies to extract valuable minerals like lithium, cobalt, nickel, and rare earth elements from tailings and mining waste.

How to Invest in Mining Sector Stocks?

Investing in minig stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in mining stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for “Mining”: Go to Tickertape Stock Screener and set the “Sub-sector: Mining” filter
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top mining sector stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of Top Mining Stocks in India

Hindustan Zinc Ltd

Hindustan Zinc, founded in 1966, is one of India’s largest integrated producers of zinc, lead, and silver. The company operates large-scale underground mines and smelting facilities, making it a major player in the non-ferrous metals industry.

Gujarat Mineral Development Corporation Ltd

GMDC was established in 1963 by the Government of Gujarat. It is involved in mining lignite, bauxite, fluorspar, and other industrial minerals, supplying key raw materials to the state’s power, metals, and manufacturing sectors.

Midwest Gold Ltd

Midwest Gold Ltd, incorporated in 1990, is engaged in the exploration and extraction of gold. The company operates in the niche precious metals space, with activities centred around gold ore mining and processing.

Orissa Minerals Development Company Ltd

OMDC, incorporated in 1918, is one of India’s oldest mining companies. It focuses on the extraction of iron ore and manganese ore in Odisha, supporting the raw-material needs of steel and alloy manufacturers.

Deccan Gold Mines Ltd

Deccan Gold Mines Ltd is India’s first listed gold exploration and mining company. It is based in Bengaluru and trades on the Bombay Stock Exchange. The company started in 2003 and introduced modern gold exploration methods in India. Over time, it expanded its operations beyond India and now runs projects in Kyrgyzstan, Mozambique, Finland, and Tanzania.

Advantages of Investing in Mining Stocks in India

Exposure to Essential Commodities

The mining industry in India produces key resources such as iron ore, coal, zinc, aluminium, and copper. These materials are widely used in construction, manufacturing, and power, so the demand for them generally remains steady across industries.

Link To Economic and Infrastructure Growth

India’s growth in sectors like steel, cement, and power can support demand for minerals. When these industries expand, mining companies may benefit from higher offtake and stronger revenue periods.

Natural Hedge Against Inflation

Commodity prices often rise during inflationary phases. Since mining companies depend on mineral prices, their earnings may improve when global or domestic commodity prices move up.

Opportunities Clean-Energy Minerals

India’s focus on minerals such as lithium, cobalt, and rare earth elements supports sectors like EVs, electronics, and renewable energy. Mining companies connected to these minerals may see long-term structural demand.

Risks of Investing in Mining Stocks in India

Dependence on Commodity Prices

Mining stocks closely track global and domestic commodity price trends. Sharp fluctuations in iron ore, coal, zinc, or other minerals can quickly influence revenue and profitability.

Regulatory and Policy Uncertainty

Mining operations depend on land acquisition, forest clearances, environmental approvals, and state-level regulations. Delays or policy changes can affect project execution and production timelines.

High Operational and Capital Costs

Mining requires significant investment in heavy equipment, labour, transportation, and exploration. Rising fuel costs, machinery expenses, and wage pressures can increase operational expenditure.

Environmental and Social Challenges

Mining projects must comply with environmental norms and community engagement requirements. Issues related to rehabilitation, land disputes, or compliance lapses may disrupt operations.

Global Supply and Demand Shifts

Changes in global steel output, energy consumption, or geopolitical developments can influence mineral pricing and create volatility for export-oriented mining companies.

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Factors to Consider Before Investing in Mining Stocks

Commodity Price Trends

Earnings visibility in mining stocks depends heavily on trends in iron ore, coal, zinc, aluminium, and other mineral prices across domestic and global markets.

Operational Efficiency

Production cost control, fuel management, logistics efficiency, and equipment utilisation influence margins in this capital-intensive sector.

Regulatory Environment

Multiple approvals related to land, safety, and environmental compliance shape project timelines. Monitoring regulatory developments helps assess execution risks.

Resource Quality and Reserves

The grade, size, and longevity of mineral reserves determine long-term production capacity and operational visibility.

Environmental and Social Practices

Sustainable mining standards, community engagement, and adherence to environmental norms support smoother operations and reduce reputational risk.

Conclusion

Mining companies supply key minerals to industries like steel, power, and infrastructure, and recent government initiatives aim to improve exploration and resource security. However, there are some risks that can affect performance, such as commodity price swings, regulatory changes, and high operational costs. That’s why investors must do their thorough research and use tools like Tickertape Stock Screener, which comes with more than 200 filters to help compare mining sector stocks easily based on various parameters.

Frequently Asked Questions on Mining Stocks

  1. What are mining stocks?

    Mining stocks represent shares of companies engaged in the exploration, extraction, and processing of mineral resources such as metals and precious stones.

  2. Which are the top 10 mining stocks in India?

    As of 20 February 2026, some of the top mining companies in India, as per market cap include:
    1. Hindustan Zinc Ltd
    2. Gujarat Mineral Development Corporation Ltd
    3. Midwest Gold Ltd
    4. Orissa Minerals Development Company Ltd
    5. Deccan Gold Mines Ltd
    6. Prabha Energy Ltd
    7. South West Pinnacle Exploration Ltd
    8. ASI Industries Ltd
    9. Pacific Industries Ltd
    10. Sparkle Gold Rock Ltd

    Disclaimer: This information is for educational purposes only and should not be considered investment advice.

  3. What are the advantages of investing in mining stocks in India?

    Mining stocks provide exposure to essential commodities that support major sectors of the economy. Their performance can benefit during periods of strong commodity prices and higher demand for metals and minerals.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  4. What are the risks of investing in mining sector stocks?

    These stocks are sensitive to changes in commodity prices, global demand, and input costs such as fuel or labour. The sector also faces regulatory and environmental requirements, along with operational challenges like approvals, logistics, and high capital expenses.

  5. Who should explore mining stocks?

    Investors who understand commodity-driven businesses and are comfortable with price-related fluctuations may explore stocks in the mining sector. However, it is important to consult a financial advisor and conduct thorough research before investing.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  6. What is the future projection of Mining Stocks?

    The future of mining stocks depends on the demand for minerals, especially in industries like infrastructure, renewable energy, and technology. As countries invest more in these sectors, mining stocks could see growth. However, economic conditions and commodity prices will also play a key role in their future performance.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. Are mining stocks a good investment?

    Whether mining stocks are a good investment depends on various factors, such as the company's financial health, commodity prices, and market conditions. It's important to carefully assess these factors before investing.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  8. Do mining stocks offer regular dividends?

    It varies from company to company, depending on their strategy, cash flows, capital requirements, and other factors. Some mining companies pay regular dividends if they have steady profits, while others may reinvest their earnings into growth or pay lower dividends based on their financial needs.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  9. Are there any gold mining stocks in India?

    While India has many mining companies across coal, iron ore, and other minerals, pure gold mining stocks in India are very limited. The country does not have a large number of listed companies that operate active gold mines at scale. Deccan Gold Mines Ltd is one of the few listed companies focused on gold exploration and mining.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.