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
Sat, 30 May 2026	₹3.4t	₹3.0t	₹194.0b	19.4x	17.4x	1.1x
Mon, 27 Apr 2026	₹3.2t	₹2.9t	₹223.9b	19.2x	14.4x	1.1x
Wed, 25 Mar 2026	₹2.6t	₹2.9t	₹223.9b	14.1x	11.7x	0.9x
Fri, 20 Feb 2026	₹2.7t	₹2.9t	₹223.9b	19.3x	12.2x	1x
Sun, 18 Jan 2026	₹2.8t	₹2.8t	₹240.6b	22.6x	11.8x	1x
Tue, 16 Dec 2025	₹2.5t	₹2.8t	₹240.6b	21.1x	10.2x	0.9x
Thu, 13 Nov 2025	₹2.3t	₹2.8t	₹240.5b	21x	9.6x	0.8x
Sat, 11 Oct 2025	₹2.2t	₹2.7t	₹228.3b	24.2x	9.6x	0.8x
Mon, 08 Sep 2025	₹2.1t	₹2.7t	₹228.1b	20.3x	9.2x	0.8x
Wed, 06 Aug 2025	₹1.9t	₹2.6t	₹214.4b	17.4x	8.9x	0.7x
Fri, 04 Jul 2025	₹1.9t	₹2.6t	₹214.4b	19.5x	9x	0.7x
Sun, 01 Jun 2025	₹1.8t	₹2.6t	₹214.3b	16.7x	8.3x	0.7x
Tue, 29 Apr 2025	₹1.7t	₹2.5t	₹182.6b	16.7x	9.5x	0.7x
Thu, 27 Mar 2025	₹1.9t	₹2.5t	₹182.6b	16.8x	10.5x	0.8x
Sat, 22 Feb 2025	₹1.9t	₹2.5t	₹182.6b	19.5x	10.2x	0.7x
Mon, 20 Jan 2025	₹1.8t	₹2.4t	₹158.2b	22x	11.3x	0.7x
Wed, 18 Dec 2024	₹1.9t	₹2.4t	₹158.2b	25.3x	11.9x	0.8x
Fri, 15 Nov 2024	₹1.8t	₹2.4t	₹159.6b	22.3x	11.6x	0.8x
Sun, 13 Oct 2024	₹2.1t	₹2.4t	₹134.2b	25.4x	15.8x	0.9x
Tue, 10 Sep 2024	₹1.8t	₹2.4t	₹134.2b	26.6x	13.6x	0.8x
Thu, 08 Aug 2024	₹1.8t	₹2.3t	₹125.5b	22.5x	14.1x	0.8x
Sat, 06 Jul 2024	₹2.0t	₹2.3t	₹125.6b	22.8x	15.7x	0.8x
Mon, 03 Jun 2024	₹1.9t	₹2.4t	₹124.5b	17.7x	15.5x	0.8x
Wed, 01 May 2024	₹1.8t	₹2.3t	₹112.1b	21.6x	16.3x	0.8x
Fri, 29 Mar 2024	₹1.6t	₹2.3t	₹112.1b	18.7x	14x	0.7x
Sun, 25 Feb 2024	₹1.5t	₹2.3t	₹112.1b	20.5x	13.4x	0.6x
Tue, 23 Jan 2024	₹1.5t	₹2.4t	₹100.3b	19.5x	15.4x	0.7x
Thu, 21 Dec 2023	₹1.5t	₹2.4t	₹100.2b	15.1x	14.5x	0.6x
Sat, 18 Nov 2023	₹1.3t	₹2.4t	₹100.2b	15.6x	13.2x	0.6x
Mon, 16 Oct 2023	₹1.3t	₹2.4t	₹99.6b	22.7x	13x	0.5x
Wed, 13 Sep 2023	₹1.3t	₹2.4t	₹99.6b	20.7x	12.8x	0.5x
Fri, 11 Aug 2023	₹1.3t	₹2.4t	₹101.9b	14.6x	12.3x	0.5x
Sun, 09 Jul 2023	₹1.1t	₹2.4t	₹118.4b	15.4x	9.5x	0.5x
Tue, 06 Jun 2023	₹1.1t	₹2.4t	₹118.1b	16.7x	9.5x	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 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	0.43%
Materials	0.41%
Metals and Mining	0.88%
Aluminum	2.08%
Gold	13.51%
Diversified Metals and Mining	1.98%
Steel	0.35%
Copper	-1.27%

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

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. Cash payout ratio: 123% Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Dividend is not well covered by cash flows (123% cash payout ratio). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₹7.35b market cap, or US$77.2m).

Indian (NIFTY) Aluminum Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Consensus revenue estimates increase by 11%

Investor sentiment deteriorates as stock falls 16%

Full year 2026 earnings released: EPS: ₹1.83 (vs ₹0.83 in FY 2025)

Jainik Power Cables Limited to Report Second Half, 2026 Results on May 30, 2026

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

Century Extrusions Limited, Annual General Meeting, Aug 14, 2026

New minor risk - Dividend sustainability

New major risk - Revenue and earnings growth

New minor risk - Profit margin trend

Maan Aluminium Limited to Report Q4, 2026 Results on May 29, 2026

With EPS Growth And More, National Aluminium (NSE:NATIONALUM) Makes An Interesting Case

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

Full year 2026 earnings released: EPS: ₹1.15 (vs ₹0.92 in FY 2025)

Full year 2026 earnings released: ₹52.71 loss per share (vs ₹24.07 loss in FY 2025)

Full year 2026 earnings released: EPS: ₹26.08 (vs ₹17.37 in FY 2025)

Investor sentiment improves as stock rises 17%