Best metal stocks with high FII holdings

Best metal stocks with high FII holdings: Foreign institutional investors (FIIs) play an important role in increasing investor confidence. Their participation shows that these investors conducted extensive due diligence and analysis before contributing their funds. The participation of FIIs can be interpreted as a vote of confidence in the company’s prospects, adding to the attractiveness of the stock as a possible investment opportunity.

In this article, we will take a look at some of the best metal stocks with high FII holdings and go over their basics and business overview.

Best metal stocks with high FII holdings

1. APL Apollo Tube Limited

APL Apollo Tubes Limited started with a manufacturing plant at Sikandrabad, Ghaziabad in 1986 and has since grown to become India’s largest structural steel tubes company with an annual production capacity of 3.6 million tonnes and a market share of 55%.

We supply a variety of steel products. It has 11 manufacturing units and an extensive distribution network of warehouses and branches in 29 locations across the country, serving 20 countries around the world.

APL Apollo Tubes has the highest holdings among FIIs. 28.66% As of September 30, 2023. SmallCap World Fund INC. It is the largest holder with 6.21%, followed by K India Opportunity Fund Limited Class S to 2%.

The company’s financials showed a 24% increase in revenue at Rs.13063 Cr. Rs.16166 Cr in FY22. In FY23, net profit increased by 4% at Rs.619 Cr. Rs.642 Cr in FY22. In FY23. ROCE and ROE decreased slightly as the operation rate of the new Raipur facility was only 16.7% in the first year. Operating facilities are being built in Kolkata and Dubai with the goal of achieving a production capacity of 5 million tons by 2025.

2. HINDALCO INDUSTRIAL LIMITED.

Established in 1958, Hindalco Industries Limited is part of the Aditya Birla Group, one of India’s largest and most diversified conglomerates. For over 60 years, Hindalco has developed into a prominent integrated manufacturer of Aluminum and Copper products with a strong presence in both domestic and global markets.

Hindalco’s operations include mining, alumina refining, aluminum smelting, downstream processing, copper smelting and a dedicated R&D centre. The company is the world’s largest aluminum rolling company and one of Asia’s leading aluminum producers. Hindalco has 47 branches in 10 countries around the world.

Hindalco is the second largest FII holding in India. 27.01% In this sector, foreign depositories held an additional 3.68% as of September 30, 2023. Major foreign shareholders are singapore government At 4.04%.

The company’s financials showed a 14% increase in revenue at Rs.67653 Cr. Rs.76878 Cr in FY22. In FY23, PAT decreased by 40% at Rs.5507 Cr. Rs.3326 Cr in FY22. In FY23. This decrease is due to a decrease in consolidated profits recorded during the reporting period.

3. JSW Steel Limited

JSW Steel is the only Indian company to be ranked among the top 15 steel manufacturers in the world by World Steel Dynamics for 13 consecutive years since 2008.

JSW Steel has 14 manufacturing facilities in India and 13 iron ore mines with a capacity of 29.7 MTPA.

According to the company’s financial information, it showed a revenue growth of 13% at Rs.146371 Cr. Rs.165960 Cr in FY22. In FY23, profit after tax declined by 80% to Rs.20938 Cr. Rs.4139 Cr in FY22. In FY23, due to lower export volumes due to the imposition of export tariffs and price pressure in the domestic market.

JSW Steel holds the third highest FII stake at 26.13% as of September 30, 2023. The largest shareholder is JFE Steel International Europe BV with a 15% stake.

4. Jindal Stainless Steel Limited

Founded in 1970 by Shri OP Jindal, Jindal Stainless has earned a reputation as India’s leading stainless steel company. The company operates from two stainless steel manufacturing complexes located in Haryana and Odisha, India, as well as an overseas operation in Indonesia, and has an impressive melting capacity of 3 million metric tons per year. Jindal Stainless Steel has a global presence, operating in 15 countries.

The company’s product portfolio includes a wide range of stainless steel products including slabs, blooms, coils, plates, sheets, precision strips, blade steels and coin blanks.

The company’s product portfolio includes a wide range of stainless steel products including slabs, blooms, coils, plates, sheets, precision strips, blade steels and coin blanks.

The company reported a 9% increase in revenue at Rs.32732.65 Cr. Rs.35697.03 Cr in FY22. In FY23, profit declined by 33% to Rs.3109.39 Cr. Rs2083.83 Cr in FY22. This occurred in FY23 primarily due to export tariffs on SS products that came into effect in May 2022 and continued until November 2022. High export tariffs have made Indian SS less competitive globally, leading to a whopping 53% decline in exports in the first half of FY23. .

Jindal Stainless is the fourth largest holding in FIIs. 23.97% As of September 30, 202 ELM Papark Fund Limitd is the largest shareholder with 6.7% of shares, followed by Hypnos Fund Limited It holds a 4.4% stake.

5. Tata Steel Limited

Tata Steel was founded by Prophet Jamsetji Nusserwanji Tata in 1907 in Jamshedpur, Jharkhand, India. Today, the company is one of the world’s most geographically diverse steel producers, with operations and commercial presence around the world. With a steel production capacity of 35 million TPA, the Tata Steel group has an impressive presence across five continents.

The company reported slightly lower revenue of 0.2% at Rs.243352.69 Cr. Rs.243959.17 Cr in FY22. PAT decreased by 81% in FY23 at Rs.41749.32 Cr. Rs.8075.35 Cr in FY22. In FY23. The company’s financial performance in fiscal 2022-2023 was primarily affected by its high cost structure.

These cost increases are primarily due to increased energy and emissions-related costs and fluctuations in raw material prices. These variables created significant drag on the Company’s financial results during this period.

Tata Steel FII holdings are standing around. 20.5% As of September 30, 2023, the largest shareholder is government of singapore It holds 1.65%.

List of metal stocks with high FII holdings

The list below contains 10 metal stocks with high FII holdings.

conclusion

Concluding our article on ‘Best Metals Stocks with High FII Holdings’, we can say that high FII holdings can be used as a parameter to evaluate the potential of a company. However, it is not advisable to invest solely by looking at foreign investors’ shares. Instead, it’s important to evaluate stocks based on a variety of criteria. I look forward to hearing your thoughts on this topic in the comments below.

Written by Ashish Agarwal

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