Narrative Update • Jul 23
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedJul 30, 2026
DataAggregated Company Financials
Companies26
- 7D1.0%
- 3M-8.8%
- 1Y47.4%
- YTDn/a
The Aluminum industry is up 1.0% in the last week, with Vedanta Aluminium Metal up 1.9%. During this same period, the Belding India underperformed, falling 5.8%. In the last 12 months, the industry was up 47%. 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 |
|---|---|---|---|---|---|---|
| Thu, 30 Jul 2026 | ₹2.9t | ₹3.1t | ₹196.1b | 18.4x | 14.8x | 0.9x |
| Sat, 27 Jun 2026 | ₹2.9t | ₹3.1t | ₹195.3b | 15.8x | 14.7x | 0.9x |
| Mon, 25 May 2026 | ₹3.3t | ₹3.0t | ₹193.9b | 18.4x | 17x | 1.1x |
| Wed, 22 Apr 2026 | ₹3.1t | ₹2.9t | ₹223.9b | 17.8x | 14x | 1.1x |
| Fri, 20 Mar 2026 | ₹2.8t | ₹2.9t | ₹223.9b | 14.6x | 12.4x | 1x |
| Sun, 15 Feb 2026 | ₹2.8t | ₹2.9t | ₹223.9b | 17x | 12.3x | 1x |
| Tue, 13 Jan 2026 | ₹2.8t | ₹2.8t | ₹240.6b | 22x | 11.5x | 1x |
| Thu, 11 Dec 2025 | ₹2.4t | ₹2.8t | ₹240.6b | 20.8x | 9.8x | 0.9x |
| Sat, 08 Nov 2025 | ₹2.2t | ₹2.7t | ₹228.3b | 21.4x | 9.8x | 0.8x |
| Mon, 06 Oct 2025 | ₹2.2t | ₹2.7t | ₹228.3b | 20.8x | 9.6x | 0.8x |
| Wed, 03 Sep 2025 | ₹2.0t | ₹2.7t | ₹228.1b | 19.5x | 8.8x | 0.7x |
| Fri, 01 Aug 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 18.5x | 8.9x | 0.7x |
| Sun, 29 Jun 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 18.6x | 9.1x | 0.7x |
| Tue, 27 May 2025 | ₹1.8t | ₹2.6t | ₹214.3b | 16.6x | 8.6x | 0.7x |
| Thu, 24 Apr 2025 | ₹1.7t | ₹2.5t | ₹182.6b | 16.9x | 9.5x | 0.7x |
| Sat, 22 Mar 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 17.5x | 10.5x | 0.8x |
| Mon, 17 Feb 2025 | ₹1.7t | ₹2.5t | ₹182.6b | 18.9x | 9.4x | 0.7x |
| Wed, 15 Jan 2025 | ₹1.7t | ₹2.4t | ₹158.2b | 22x | 10.9x | 0.7x |
| Fri, 13 Dec 2024 | ₹2.0t | ₹2.4t | ₹158.2b | 24.6x | 12.4x | 0.8x |
| Sun, 10 Nov 2024 | ₹1.9t | ₹2.4t | ₹133.9b | 24.8x | 14.5x | 0.8x |
| Tue, 08 Oct 2024 | ₹2.1t | ₹2.4t | ₹134.2b | 24.7x | 15.4x | 0.9x |
| Thu, 05 Sep 2024 | ₹1.9t | ₹2.4t | ₹134.2b | 26.7x | 13.8x | 0.8x |
| Sat, 03 Aug 2024 | ₹1.8t | ₹2.3t | ₹125.6b | 23.5x | 14.6x | 0.8x |
| Mon, 01 Jul 2024 | ₹1.9t | ₹2.3t | ₹125.6b | 21.9x | 15.4x | 0.8x |
| Wed, 29 May 2024 | ₹1.9t | ₹2.4t | ₹124.7b | 18x | 15.3x | 0.8x |
| Fri, 26 Apr 2024 | ₹1.8t | ₹2.3t | ₹112.1b | 21.9x | 16.4x | 0.8x |
| Sun, 24 Mar 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 19.1x | 13.7x | 0.7x |
| Tue, 20 Feb 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 20.3x | 13.3x | 0.6x |
| Thu, 18 Jan 2024 | ₹1.6t | ₹2.4t | ₹100.3b | 19.3x | 15.7x | 0.7x |
| Sat, 16 Dec 2023 | ₹1.5t | ₹2.4t | ₹100.2b | 16x | 14.8x | 0.6x |
| Mon, 13 Nov 2023 | ₹1.3t | ₹2.4t | ₹100.1b | 20.4x | 12.8x | 0.5x |
| Wed, 11 Oct 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 21.8x | 12.9x | 0.5x |
| Fri, 08 Sep 2023 | ₹1.3t | ₹2.4t | ₹99.6b | 22.7x | 12.9x | 0.5x |
| Sun, 06 Aug 2023 | ₹1.2t | ₹2.4t | ₹118.4b | 14.4x | 10.4x | 0.5x |
Price to Earnings Ratio
10.4x
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 14.8x 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 0.78x.
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 8.2% 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 | 0.62% | |
| Materials | 0.78% | |
| Metals and Mining | 1.67% | |
| Aluminum | 1.04% | |
| Gold | 3.31% | |
| Steel | 2.27% | |
| Diversified Metals and Mining | 0.16% | |
| Copper | -1.19% | |
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 | |
|---|---|---|---|---|---|
| VAML Vedanta Aluminium Metal | ₹457.05 | 4.6% +₹79.0b | n/a | PE-4883177.2x | |
| 500440 Hindalco Industries | ₹970.80 | 1.6% +₹34.1b | 42.1% | PE16.1x | |
| NATIONALUM National Aluminium | ₹347.65 | 0.5% +₹3.0b | 87.9% | PE11x | |
| MAANALU Maan Aluminium | ₹116.87 | 2.5% +₹172.8m | -2.6% | PE53.8x | |
| 544506 Sharvaya Metals | ₹125.80 | 8.0% +₹93.3m | n/a | PE10.8x |