Analysis Article • Jun 01
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedJun 03, 2026
DataAggregated Company Financials
Companies24
- 7D3.8%
- 3M21.8%
- 1Y91.4%
- YTDn/a
Over the last 7 days, the Aluminum industry has risen 2.1%, driven by gains from Hindalco Industries of 3.8%. Meanwhile, Maan Aluminium actually underperformed within the industry, shrinking 10% in the last week. In the last 12 months, the industry was up 88%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | ₹3.4t | ₹3.0t | ₹194.0b | 19x | 17.7x | 1.1x |
| Fri, 01 May 2026 | ₹3.1t | ₹2.9t | ₹223.9b | 19.2x | 14x | 1.1x |
| Sun, 29 Mar 2026 | ₹2.7t | ₹2.9t | ₹223.9b | 13.8x | 12x | 0.9x |
| Tue, 24 Feb 2026 | ₹2.7t | ₹2.9t | ₹223.9b | 17.7x | 12.3x | 1x |
| Thu, 22 Jan 2026 | ₹2.8t | ₹2.8t | ₹240.6b | 21.5x | 11.8x | 1x |
| Sat, 20 Dec 2025 | ₹2.5t | ₹2.8t | ₹240.6b | 21.1x | 10.2x | 0.9x |
| Mon, 17 Nov 2025 | ₹2.3t | ₹2.8t | ₹240.5b | 21.4x | 9.7x | 0.8x |
| Wed, 15 Oct 2025 | ₹2.2t | ₹2.7t | ₹228.4b | 20.9x | 9.4x | 0.8x |
| Fri, 12 Sep 2025 | ₹2.1t | ₹2.7t | ₹228.1b | 20.8x | 9.2x | 0.8x |
| Sun, 10 Aug 2025 | ₹1.9t | ₹2.6t | ₹219.0b | 18x | 8.6x | 0.7x |
| Tue, 08 Jul 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 18.9x | 9x | 0.7x |
| Thu, 05 Jun 2025 | ₹1.8t | ₹2.6t | ₹214.2b | 22.8x | 8.4x | 0.7x |
| Sat, 03 May 2025 | ₹1.7t | ₹2.5t | ₹182.6b | 16.9x | 9.5x | 0.7x |
| Mon, 31 Mar 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 16.7x | 10.3x | 0.8x |
| Wed, 26 Feb 2025 | ₹1.8t | ₹2.5t | ₹182.6b | 18.2x | 9.6x | 0.7x |
| Fri, 24 Jan 2025 | ₹1.8t | ₹2.4t | ₹158.2b | 22x | 11.2x | 0.7x |
| Sun, 22 Dec 2024 | ₹1.8t | ₹2.4t | ₹158.2b | 23.7x | 11.6x | 0.8x |
| Tue, 19 Nov 2024 | ₹1.9t | ₹2.4t | ₹158.2b | 20.7x | 12.2x | 0.8x |
| Thu, 17 Oct 2024 | ₹2.1t | ₹2.4t | ₹134.2b | 25.2x | 15.5x | 0.9x |
| Sat, 14 Sep 2024 | ₹1.9t | ₹2.4t | ₹134.2b | 26.8x | 14x | 0.8x |
| Mon, 12 Aug 2024 | ₹1.8t | ₹2.3t | ₹125.5b | 23.2x | 14x | 0.7x |
| Wed, 10 Jul 2024 | ₹2.0t | ₹2.3t | ₹125.6b | 23.3x | 15.9x | 0.8x |
| Fri, 07 Jun 2024 | ₹1.9t | ₹2.3t | ₹125.5b | 22.3x | 15x | 0.8x |
| Sun, 05 May 2024 | ₹1.8t | ₹2.3t | ₹112.1b | 21.4x | 16.3x | 0.8x |
| Tue, 02 Apr 2024 | ₹1.6t | ₹2.3t | ₹112.1b | 19.6x | 14.4x | 0.7x |
| Thu, 29 Feb 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 19.1x | 13x | 0.6x |
| Sat, 27 Jan 2024 | ₹1.6t | ₹2.4t | ₹100.3b | 19.4x | 15.7x | 0.7x |
| Mon, 25 Dec 2023 | ₹1.5t | ₹2.4t | ₹100.2b | 16.6x | 15.2x | 0.6x |
| Wed, 22 Nov 2023 | ₹1.3t | ₹2.4t | ₹100.2b | 15.7x | 13.4x | 0.6x |
| Fri, 20 Oct 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 22.3x | 13x | 0.5x |
| Sun, 17 Sep 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 23x | 13.3x | 0.6x |
| Tue, 15 Aug 2023 | ₹1.2t | ₹2.4t | ₹99.7b | 15.1x | 12.1x | 0.5x |
| Thu, 13 Jul 2023 | ₹1.1t | ₹2.4t | ₹118.4b | 14.8x | 9.6x | 0.5x |
| Sat, 10 Jun 2023 | ₹1.1t | ₹2.4t | ₹118.1b | 16.2x | 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 17.4x 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 | -1.41% | |
| Materials | -1.03% | |
| Metals and Mining | 0.044% | |
| Aluminum | 3.82% | |
| Steel | 0.31% | |
| Copper | -2.11% | |
| Diversified Metals and Mining | -3.34% | |
| Gold | -6.08% | |
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 | ₹1.15k | 3.8% +₹93.0b | 81.4% | PE19x | |
| NATIONALUM National Aluminium | ₹434.40 | 4.4% +₹33.4b | 138.6% | PE13.8x | |
| 513307 Belding India | ₹1.61k | 7.5% +₹1.6b | 278.5% | PS83305.1x | |
| AMCL ANB Metal Cast | ₹497.40 | 4.9% +₹275.2m | n/a | PE27.4x | |
| BAHETI Baheti Recycling Industries | ₹609.15 | 3.8% +₹229.1m | 4.7% | PE23.3x |