Narrative Update • Jul 23
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedAug 04, 2026
DataAggregated Company Financials
Companies26
- 7D5.5%
- 3M-7.3%
- 1Y53.1%
- YTDn/a
Hindalco Industries is up 4.8%, leading the way for the Aluminum industry, which has gained 2.9%. Meanwhile, Arfin India actually underperformed within the industry, shrinking 5.6% in the last week. This means that the industry has gained 53% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Indian Aluminum Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Aug 2026 | ₹3.0t | ₹3.1t | ₹205.6b | 18.7x | 14.6x | 1x |
| Thu, 02 Jul 2026 | ₹2.8t | ₹3.1t | ₹196.0b | 16.6x | 14.5x | 0.9x |
| Sat, 30 May 2026 | ₹3.4t | ₹3.0t | ₹194.0b | 19.4x | 17.4x | 1.1x |
| Mon, 27 Apr 2026 | ₹3.2t | ₹2.9t | ₹223.9b | 19.2x | 14.4x | 1.1x |
| Wed, 25 Mar 2026 | ₹2.6t | ₹2.9t | ₹223.9b | 14.1x | 11.7x | 0.9x |
| Fri, 20 Feb 2026 | ₹2.7t | ₹2.9t | ₹223.9b | 19.3x | 12.2x | 1x |
| Sun, 18 Jan 2026 | ₹2.8t | ₹2.8t | ₹240.6b | 22.6x | 11.8x | 1x |
| Tue, 16 Dec 2025 | ₹2.5t | ₹2.8t | ₹240.6b | 21.1x | 10.2x | 0.9x |
| Thu, 13 Nov 2025 | ₹2.3t | ₹2.8t | ₹240.5b | 21x | 9.6x | 0.8x |
| Sat, 11 Oct 2025 | ₹2.2t | ₹2.7t | ₹228.3b | 24.2x | 9.6x | 0.8x |
| Mon, 08 Sep 2025 | ₹2.1t | ₹2.7t | ₹228.1b | 20.3x | 9.2x | 0.8x |
| Wed, 06 Aug 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 17.4x | 8.9x | 0.7x |
| Fri, 04 Jul 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 19.5x | 9x | 0.7x |
| Sun, 01 Jun 2025 | ₹1.8t | ₹2.6t | ₹214.3b | 16.7x | 8.3x | 0.7x |
| Tue, 29 Apr 2025 | ₹1.7t | ₹2.5t | ₹182.6b | 16.7x | 9.5x | 0.7x |
| Thu, 27 Mar 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 16.8x | 10.5x | 0.8x |
| Sat, 22 Feb 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 19.5x | 10.2x | 0.7x |
| Mon, 20 Jan 2025 | ₹1.8t | ₹2.4t | ₹158.2b | 22x | 11.3x | 0.7x |
| Wed, 18 Dec 2024 | ₹1.9t | ₹2.4t | ₹158.2b | 25.3x | 11.9x | 0.8x |
| Fri, 15 Nov 2024 | ₹1.8t | ₹2.4t | ₹159.6b | 22.3x | 11.6x | 0.8x |
| Sun, 13 Oct 2024 | ₹2.1t | ₹2.4t | ₹134.2b | 25.4x | 15.8x | 0.9x |
| Tue, 10 Sep 2024 | ₹1.8t | ₹2.4t | ₹134.2b | 26.6x | 13.6x | 0.8x |
| Thu, 08 Aug 2024 | ₹1.8t | ₹2.3t | ₹125.5b | 22.5x | 14.1x | 0.8x |
| Sat, 06 Jul 2024 | ₹2.0t | ₹2.3t | ₹125.6b | 22.8x | 15.7x | 0.8x |
| Mon, 03 Jun 2024 | ₹1.9t | ₹2.4t | ₹124.5b | 17.7x | 15.5x | 0.8x |
| Wed, 01 May 2024 | ₹1.8t | ₹2.3t | ₹112.1b | 21.6x | 16.3x | 0.8x |
| Fri, 29 Mar 2024 | ₹1.6t | ₹2.3t | ₹112.1b | 18.7x | 14x | 0.7x |
| Sun, 25 Feb 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 20.5x | 13.4x | 0.6x |
| Tue, 23 Jan 2024 | ₹1.5t | ₹2.4t | ₹100.3b | 19.5x | 15.4x | 0.7x |
| Thu, 21 Dec 2023 | ₹1.5t | ₹2.4t | ₹100.2b | 15.1x | 14.5x | 0.6x |
| Sat, 18 Nov 2023 | ₹1.3t | ₹2.4t | ₹100.2b | 15.6x | 13.2x | 0.6x |
| Mon, 16 Oct 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 22.7x | 13x | 0.5x |
| Wed, 13 Sep 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 20.7x | 12.8x | 0.5x |
| Fri, 11 Aug 2023 | ₹1.3t | ₹2.4t | ₹101.9b | 14.6x | 12.3x | 0.5x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are optimistic on the Indian Aluminum industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.3x which is higher than its 3-year average PE of 12.6x.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Aluminum industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 9.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Aluminum compare with similar industries?
| IN Market | 2.24% | |
| Materials | 1.99% | |
| Metals and Mining | 2.91% | |
| Aluminum | 5.49% | |
| Gold | 3.71% | |
| Steel | 2.58% | |
| Copper | 2.53% | |
| Diversified Metals and Mining | 2.24% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500440 Hindalco Industries | ₹1.01k | 8.1% +₹167.8b | 47.4% | PE16.8x | |
| VAML Vedanta Aluminium Metal | ₹467.60 | 8.2% +₹138.8b | n/a | PE47.5x | |
| NATIONALUM National Aluminium | ₹377.00 | 12.7% +₹78.0b | 101.3% | PE10.3x | |
| CMRGREEN CMR Green Technologies | ₹228.59 | 6.3% +₹3.0b | n/a | PE23.6x | |
| MAANALU Maan Aluminium | ₹127.09 | 14.6% +₹970.0m | 9.4% | PE58.5x |