Analysis Article • May 27
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedMay 29, 2026
DataAggregated Company Financials
Companies24
- 7D5.0%
- 3M23.1%
- 1Y87.3%
- YTDn/a
Over the last 7 days, the Aluminum industry has risen 5.0%, driven by gains from Hindalco Industries of 1.5%. This means that the industry has gained 87% over the past year. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Fri, 29 May 2026 | ₹3.4t | ₹3.0t | ₹194.0b | 19.1x | 17.7x | 1.1x |
| Sun, 26 Apr 2026 | ₹3.2t | ₹2.9t | ₹223.9b | 19.2x | 14.4x | 1.1x |
| Tue, 24 Mar 2026 | ₹2.6t | ₹2.9t | ₹223.9b | 14.1x | 11.5x | 0.9x |
| Thu, 19 Feb 2026 | ₹2.7t | ₹2.9t | ₹223.9b | 17.7x | 12.1x | 0.9x |
| Sat, 17 Jan 2026 | ₹2.8t | ₹2.8t | ₹240.6b | 22.6x | 11.8x | 1x |
| Mon, 15 Dec 2025 | ₹2.5t | ₹2.8t | ₹240.6b | 21.2x | 10.2x | 0.9x |
| Wed, 12 Nov 2025 | ₹2.3t | ₹2.8t | ₹240.5b | 21.2x | 9.6x | 0.8x |
| Fri, 10 Oct 2025 | ₹2.2t | ₹2.7t | ₹228.3b | 22.3x | 9.6x | 0.8x |
| Sun, 07 Sep 2025 | ₹2.1t | ₹2.7t | ₹228.1b | 20.3x | 9.2x | 0.8x |
| Tue, 05 Aug 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 17.7x | 9x | 0.7x |
| Thu, 03 Jul 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 19.6x | 9.1x | 0.7x |
| Sat, 31 May 2025 | ₹1.8t | ₹2.6t | ₹214.3b | 16.7x | 8.3x | 0.7x |
| Mon, 28 Apr 2025 | ₹1.7t | ₹2.5t | ₹182.6b | 16.4x | 9.4x | 0.7x |
| Wed, 26 Mar 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 17.4x | 10.5x | 0.8x |
| Fri, 21 Feb 2025 | ₹1.8t | ₹2.5t | ₹182.6b | 18.9x | 9.9x | 0.7x |
| Sun, 19 Jan 2025 | ₹1.8t | ₹2.4t | ₹158.2b | 22x | 11.3x | 0.7x |
| Tue, 17 Dec 2024 | ₹1.9t | ₹2.4t | ₹158.2b | 25.7x | 12.1x | 0.8x |
| Thu, 14 Nov 2024 | ₹1.8t | ₹2.4t | ₹151.0b | 22.7x | 12.2x | 0.8x |
| Sat, 12 Oct 2024 | ₹2.1t | ₹2.4t | ₹134.2b | 25.4x | 15.8x | 0.9x |
| Mon, 09 Sep 2024 | ₹1.9t | ₹2.4t | ₹134.2b | 26.7x | 13.8x | 0.8x |
| Wed, 07 Aug 2024 | ₹1.7t | ₹2.3t | ₹125.6b | 22.2x | 13.7x | 0.7x |
| Fri, 05 Jul 2024 | ₹1.9t | ₹2.3t | ₹125.6b | 22.8x | 15.5x | 0.8x |
| Sun, 02 Jun 2024 | ₹1.9t | ₹2.4t | ₹124.5b | 17.7x | 15.5x | 0.8x |
| Tue, 30 Apr 2024 | ₹1.8t | ₹2.3t | ₹112.1b | 21.9x | 16.4x | 0.8x |
| Thu, 28 Mar 2024 | ₹1.6t | ₹2.3t | ₹112.1b | 19.1x | 14x | 0.7x |
| Sat, 24 Feb 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 20.5x | 13.4x | 0.6x |
| Mon, 22 Jan 2024 | ₹1.5t | ₹2.4t | ₹100.3b | 19.5x | 15.4x | 0.7x |
| Wed, 20 Dec 2023 | ₹1.5t | ₹2.4t | ₹100.2b | 16.3x | 15.1x | 0.6x |
| Fri, 17 Nov 2023 | ₹1.3t | ₹2.4t | ₹100.2b | 16x | 13.4x | 0.6x |
| Sun, 15 Oct 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 22.7x | 13x | 0.5x |
| Tue, 12 Sep 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 22.6x | 13.1x | 0.5x |
| Thu, 10 Aug 2023 | ₹1.3t | ₹2.4t | ₹101.8b | 14.5x | 12.4x | 0.5x |
| Sat, 08 Jul 2023 | ₹1.1t | ₹2.4t | ₹118.4b | 15.4x | 9.5x | 0.5x |
| Mon, 05 Jun 2023 | ₹1.1t | ₹2.4t | ₹118.4b | 16.7x | 9.5x | 0.5x |
Price to Earnings Ratio
9.5x
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 17.7x which is higher than its 3-year average PE of 12.2x.
- The 3-year average PS ratio of 0.75x is lower than the industry's current PS ratio of 1.1x.
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 7.3% 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 | 1.84% | |
| Materials | 2.52% | |
| Metals and Mining | 3.51% | |
| Aluminum | 5.05% | |
| Gold | 15.16% | |
| Diversified Metals and Mining | 4.37% | |
| Steel | 3.01% | |
| Copper | 0.59% | |
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 | ₹1.13k | 1.5% +₹37.7b | 77.9% | PE18.7x | |
| NATIONALUM National Aluminium | ₹424.45 | 3.7% +₹27.9b | 135.3% | PE13.4x | |
| 513307 Belding India | ₹1.60k | 17.7% +₹3.5b | 275.8% | PS82700.1x | |
| 532932 Manaksia | ₹64.92 | 11.5% +₹437.1m | -7.0% | PE8.2x | |
| 504879 Orient Ceratech | ₹41.62 | 5.6% +₹264.4m | 15.2% | PE22.8x |