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Indian (NIFTY) Aluminum Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies23
  • 7D3.1%
  • 3M15.2%
  • 1Y26.7%
  • YTDn/a

In the last week, the Aluminum industry is up 3.1%, with Hindalco Industries up 3.5%. Meanwhile, Orient Ceratech actually underperformed within the industry, shrinking 7.3% in the last week. In the last 12 months, the industry was up 27%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

Has the Indian Aluminum Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025₹2.5t₹2.8t₹240.6b21.2x10.2x0.9x
Tue, 11 Nov 2025₹2.3t₹2.7t₹232.1b21.4x9.8x0.8x
Thu, 09 Oct 2025₹2.2t₹2.7t₹228.3b22.8x9.5x0.8x
Sat, 06 Sep 2025₹2.1t₹2.7t₹228.1b20.3x9.2x0.8x
Mon, 04 Aug 2025₹1.9t₹2.6t₹214.4b17.8x8.7x0.7x
Wed, 02 Jul 2025₹1.9t₹2.6t₹214.4b18.3x9x0.7x
Fri, 30 May 2025₹1.8t₹2.6t₹214.3b16.6x8.5x0.7x
Sun, 27 Apr 2025₹1.7t₹2.5t₹182.6b16.4x9.4x0.7x
Tue, 25 Mar 2025₹1.9t₹2.5t₹182.6b17.6x10.6x0.8x
Thu, 20 Feb 2025₹1.7t₹2.5t₹182.6b17.3x9.5x0.7x
Sat, 18 Jan 2025₹1.8t₹2.4t₹158.2b22x11.3x0.7x
Mon, 16 Dec 2024₹1.9t₹2.4t₹158.2b25.3x12.3x0.8x
Wed, 13 Nov 2024₹1.9t₹2.4t₹151.0b23.6x12.7x0.8x
Fri, 11 Oct 2024₹2.1t₹2.4t₹134.2b25.2x15.4x0.9x
Sun, 08 Sep 2024₹1.9t₹2.4t₹134.2b26.7x13.8x0.8x
Tue, 06 Aug 2024₹1.7t₹2.3t₹125.6b21.9x13.8x0.7x
Thu, 04 Jul 2024₹1.9t₹2.3t₹125.6b22.6x15.5x0.8x
Sat, 01 Jun 2024₹1.9t₹2.4t₹124.5b17.7x15.5x0.8x
Mon, 29 Apr 2024₹1.8t₹2.3t₹112.1b21.9x16.4x0.8x
Wed, 27 Mar 2024₹1.6t₹2.3t₹112.1b19x14x0.7x
Fri, 23 Feb 2024₹1.5t₹2.3t₹112.1b20.6x13.5x0.6x
Sun, 21 Jan 2024₹1.5t₹2.4t₹100.3b19.3x15.3x0.7x
Tue, 19 Dec 2023₹1.5t₹2.4t₹100.2b16.7x15.1x0.6x
Thu, 16 Nov 2023₹1.3t₹2.4t₹100.2b16.1x13.4x0.6x
Sat, 14 Oct 2023₹1.3t₹2.4t₹99.6b22.7x13x0.5x
Mon, 11 Sep 2023₹1.3t₹2.4t₹99.6b22.3x12.9x0.5x
Wed, 09 Aug 2023₹1.2t₹2.4t₹118.4b14.4x10.3x0.5x
Fri, 07 Jul 2023₹1.1t₹2.4t₹118.4b15.4x9.6x0.5x
Sun, 04 Jun 2023₹1.1t₹2.4t₹118.4b13.6x9.5x0.5x
Tue, 02 May 2023₹1.2t₹2.4t₹138.6b12.1x8.3x0.5x
Thu, 30 Mar 2023₹1.1t₹2.4t₹138.6b8.2x7.6x0.4x
Sat, 25 Feb 2023₹1.1t₹2.4t₹138.6b10.9x7.9x0.4x
Mon, 23 Jan 2023₹1.3t₹2.4t₹167.4b10.3x7.6x0.5x
Wed, 21 Dec 2022₹1.2t₹2.4t₹167.3b10.9x7x0.5x
Price to Earnings Ratio

7x


Total Market Cap: ₹1.2tTotal Earnings: ₹167.3bTotal Revenue: ₹2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Aluminum Industry Price to Earnings3Y Average 11.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Aluminum industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.2x which is lower than its 3-year average PE of 11.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Aluminum industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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-0.34%
Materials0.83%
Metals and Mining2.48%
Aluminum3.14%
Diversified Metals and Mining7.85%
Copper2.71%
Steel0.43%
Gold-17.13%
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?

CompanyLast Price7D1YValuation
500440 Hindalco Industries₹852.303.5%
+₹64.7b		28.7%PE10.7x
NATIONALUM National Aluminium₹278.151.8%
+₹9.2b		22.8%PE8.4x
539151 Arfin India₹65.216.8%
+₹698.5m		77.0%PE155x
MAANALU Maan Aluminium₹156.444.6%
+₹375.3m		14.2%PE54.6x
BAHETI Baheti Recycling Industries₹603.306.3%
+₹369.6m		47.1%PE30.9x

Latest News

NATIONALUM
₹278.15
National Aluminium
7D
1.8%
1Y
22.8%

NATIONALUM: Record Output And Dividend Policy Will Support Balanced Returns Ahead

Analysts have raised their price target on National Aluminium to ₹269.82 from ₹268.27, a modest upward revision reflecting slightly stronger expectations for revenue growth and profit margins, despite a marginally higher discount rate and essentially unchanged future valuation multiples. What's in the News Company reports record alumina hydrate production of 1,153,000 MT and aluminium cast metal output of 234,148 MT for the first half of FY 2025-26, marking its highest ever operational performance (company announcement of operating results) Board meeting scheduled for November 07, 2025 to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider an interim dividend for FY 2025-26 (board meeting notice) Board meeting held on September 25, 2025, indicating ongoing board level review of strategy and performance (board meeting notice) Shareholders approve a final dividend of INR 2.50 per equity share, equivalent to 50 percent of the face value of INR 5, for FY 2024-25 at the AGM on September 26, 2025 (dividend increase announcement) Valuation Changes The fair value estimate has risen slightly from ₹268.27 to ₹269.82 per share, implying a modestly higher intrinsic value.
500440
₹852.30
Hindalco Industries
7D
3.5%
1Y
28.7%

500440: Fair Value Will Be Sustained Amid Slightly Firmer Long Term Outlook

Analysts have raised their price target for Hindalco Industries slightly, reflecting a modest uptick in fair value to approximately ₹837 from about ₹832 as they factor in marginally stronger long term revenue growth and valuation multiples, despite a largely stable profit margin outlook. What's in the News A board meeting is scheduled for November 7, 2025, to review and approve unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025 (company filing).
MAANALU
₹156.44
Maan Aluminium
7D
4.6%
1Y
14.2%
BAHETI
₹603.30
Baheti Recycling Industries
7D
6.3%
1Y
47.1%

Baheti Recycling Industries' (NSE:BAHETI) Promising Earnings May Rest On Soft Foundations

Nov 24
Baheti Recycling Industries' (NSE:BAHETI) Promising Earnings May Rest On Soft Foundations
513307
₹1,685.00
Synthiko Foils
7D
2.1%
1Y
819.2%
AMCL
₹350.15
ANB Metal Cast
7D
5.5%
1Y
n/a
539151
₹65.21
Arfin India
7D
6.8%
1Y
77.0%
506003
₹70.71
Sudal Industries
7D
-2.4%
1Y
20.4%
532932
₹62.28
Manaksia
7D
5.3%
1Y
-32.3%
MMP
₹251.50
MMP Industries
7D
-1.2%
1Y
-30.2%

MMP Industries' (NSE:MMP) Soft Earnings Are Actually Better Than They Appear

Nov 15
MMP Industries' (NSE:MMP) Soft Earnings Are Actually Better Than They Appear
JAINIK
₹122.45
Jainik Power Cables
7D
-4.3%
1Y
n/a
544520
₹71.15
Sampat Aluminium
7D
-1.2%
1Y
n/a
544506
₹173.00
Sharvaya Metals
7D
-7.2%
1Y
n/a
504879
₹42.45
Orient Ceratech
7D
-7.3%
1Y
-5.4%
500083
₹21.30
Century Extrusions
7D
-5.5%
1Y
-16.6%
512425
₹715.00
Nirav Commercials
7D
-0.8%
1Y
-15.2%