A fast-read primer on India's metals and minerals trading landscape — the backdrop against which we benchmark every company's cost structure in this category.
Iron ore output keeps climbing even as more of it is processed at home rather than exported.
FY25 → FY26 (Apr-Feb)
FY24 → FY25
Global scale, rising domestic demand, and policy support for critical minerals define the sector.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Metals & Minerals Trading companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of net revenue. No company is named here.
Ranked from biggest to smallest.
Miscellaneous & Others (0.6% of revenue) and Freight, Distribution & Logistics (0.6%) sit close together at the top, with Legal & Professional Fees a distant third — this is one of the leanest Other Expenses profiles we've benchmarked, typical of a trading-led sector.
This is the widest spread we've measured in any sector — companies here range from Rs 97 Cr to over Rs 23,000 Cr in revenue, and the sector code covers at least four different business models: pure commodity traders with thin overhead, metal-processing manufacturer-traders carrying real production cost, a metal recycler, and a diversified conglomerate. That mix, not inconsistent reporting, is what drives the 26.2x gap.
We use each company's own standalone financial records — not group numbers, not each company's own labels. Every cost line is read by hand and placed into one common set of categories, so every company is compared the same way.
This is the free, sector-wide view. It tells you where Metals & Minerals Trading stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.