Indian (NIFTY) Aluminum Industry Analysis

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, 30 Jun 2026	₹2.9t	₹3.1t	₹195.3b	16.8x	14.9x	1x
Thu, 28 May 2026	₹3.4t	₹3.0t	₹193.9b	19.1x	17.7x	1.1x
Sat, 25 Apr 2026	₹3.2t	₹2.9t	₹223.9b	19.2x	14.4x	1.1x
Mon, 23 Mar 2026	₹2.7t	₹2.9t	₹223.9b	14.6x	12.1x	0.9x
Wed, 18 Feb 2026	₹2.7t	₹2.9t	₹223.9b	15.9x	12x	0.9x
Fri, 16 Jan 2026	₹2.9t	₹2.8t	₹240.6b	22.7x	12x	1x
Sun, 14 Dec 2025	₹2.5t	₹2.8t	₹240.6b	21.2x	10.2x	0.9x
Tue, 11 Nov 2025	₹2.3t	₹2.7t	₹232.1b	21.4x	9.8x	0.8x
Thu, 09 Oct 2025	₹2.2t	₹2.7t	₹228.3b	22.8x	9.5x	0.8x
Sat, 06 Sep 2025	₹2.1t	₹2.7t	₹228.1b	20.3x	9.2x	0.8x
Mon, 04 Aug 2025	₹1.9t	₹2.6t	₹214.4b	17.8x	8.7x	0.7x
Wed, 02 Jul 2025	₹1.9t	₹2.6t	₹214.4b	18.3x	9x	0.7x
Fri, 30 May 2025	₹1.8t	₹2.6t	₹214.3b	16.6x	8.5x	0.7x
Sun, 27 Apr 2025	₹1.7t	₹2.5t	₹182.6b	16.4x	9.4x	0.7x
Tue, 25 Mar 2025	₹1.9t	₹2.5t	₹182.6b	17.6x	10.6x	0.8x
Thu, 20 Feb 2025	₹1.7t	₹2.5t	₹182.6b	17.3x	9.5x	0.7x
Sat, 18 Jan 2025	₹1.8t	₹2.4t	₹158.2b	22x	11.3x	0.7x
Mon, 16 Dec 2024	₹1.9t	₹2.4t	₹158.2b	25.3x	12.3x	0.8x
Wed, 13 Nov 2024	₹1.9t	₹2.4t	₹151.0b	23.6x	12.7x	0.8x
Fri, 11 Oct 2024	₹2.1t	₹2.4t	₹134.2b	25.2x	15.4x	0.9x
Sun, 08 Sep 2024	₹1.9t	₹2.4t	₹134.2b	26.7x	13.8x	0.8x
Tue, 06 Aug 2024	₹1.7t	₹2.3t	₹125.6b	21.9x	13.8x	0.7x
Thu, 04 Jul 2024	₹1.9t	₹2.3t	₹125.6b	22.6x	15.5x	0.8x
Sat, 01 Jun 2024	₹1.9t	₹2.4t	₹124.5b	17.7x	15.5x	0.8x
Mon, 29 Apr 2024	₹1.8t	₹2.3t	₹112.1b	21.9x	16.4x	0.8x
Wed, 27 Mar 2024	₹1.6t	₹2.3t	₹112.1b	19x	14x	0.7x
Fri, 23 Feb 2024	₹1.5t	₹2.3t	₹112.1b	20.6x	13.5x	0.6x
Sun, 21 Jan 2024	₹1.5t	₹2.4t	₹100.3b	19.3x	15.3x	0.7x
Tue, 19 Dec 2023	₹1.5t	₹2.4t	₹100.2b	16.7x	15.1x	0.6x
Thu, 16 Nov 2023	₹1.3t	₹2.4t	₹100.2b	16.1x	13.4x	0.6x
Sat, 14 Oct 2023	₹1.3t	₹2.4t	₹99.6b	22.7x	13x	0.5x
Mon, 11 Sep 2023	₹1.3t	₹2.4t	₹99.6b	22.3x	12.9x	0.5x
Wed, 09 Aug 2023	₹1.2t	₹2.4t	₹118.4b	14.4x	10.3x	0.5x
Fri, 07 Jul 2023	₹1.1t	₹2.4t	₹118.4b	15.4x	9.6x	0.5x

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 14.7x which is higher than its 3-year average PE of 12.5x.

The industry is trading close to its 3-year average PS ratio of 0.77x.

Past Earnings Growth

The earnings for companies in the Aluminum industry have grown 18% per year over the last three years.
Revenues for these companies have grown 8.0% 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	-1.47%
Materials	-2.90%
Metals and Mining	-4.30%
Aluminum	-5.56%
Steel	-3.18%
Copper	-3.21%
Diversified Metals and Mining	-7.51%
Gold	-13.98%

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
513307 Belding India	₹1.49k	7.2% +₹1.5b	251.0%	PS77247.2x
JAINIK Jainik Power Cables	₹158.35	15.9% +₹312.1m	122.1%	PE16.2x
544452 Swastika Castal	₹69.96	59.4% +₹212.9m	n/a	PE17.4x
544559 Om Metallogic	₹35.21	21.5% +₹48.9m	n/a	PE8.7x
532932 Manaksia	₹59.40	1.2% +₹45.9m	-20.8%	PE7.4x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 61% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (61% accrual ratio). Market cap is less than US$10m (₹470.4m market cap, or US$4.95m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).

Indian (NIFTY) Aluminum Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

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Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 26%

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Investor sentiment improves as stock rises 17%

Now 20% overvalued after recent price rise

Why Maan Aluminium's (NSE:MAANALU) Shaky Earnings Are Just The Beginning Of Its Problems

Now 21% undervalued after recent price drop

MMP Industries' (NSE:MMP) Conservative Accounting Might Explain Soft Earnings

New major risk - Earnings quality

Full year 2026 earnings released: EPS: ₹7.99 (vs ₹8.54 in FY 2025)

ANB Metal Cast's (NSE:AMCL) Earnings Are Weaker Than They Seem

Full year 2026 earnings released: EPS: ₹0.92 (vs ₹0.54 in FY 2025)