Narrative Update • Apr 23
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies24
- 7D-2.2%
- 3M5.4%
- 1Y70.3%
- YTDn/a
Over the last 7 days, the Aluminum industry has dropped 2.2%, driven by Hindalco Industries declining 1.9%. In contrast, Goa Carbon has gained 12%. This takes the industry's 12 month performance to a gain of 70%. Looking forward, earnings are forecast to grow by 9.6% 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 |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | ₹3.1t | ₹2.9t | ₹220.7b | 19.5x | 14x | 1.1x |
| Fri, 10 Apr 2026 | ₹3.0t | ₹2.9t | ₹223.9b | 16.7x | 13.5x | 1.1x |
| Sun, 08 Mar 2026 | ₹2.9t | ₹2.9t | ₹223.9b | 15.7x | 13.1x | 1x |
| Tue, 03 Feb 2026 | ₹2.8t | ₹2.8t | ₹240.7b | 21.3x | 11.8x | 1x |
| Thu, 01 Jan 2026 | ₹2.6t | ₹2.8t | ₹240.6b | 22.8x | 10.8x | 0.9x |
| Sat, 29 Nov 2025 | ₹2.3t | ₹2.8t | ₹240.6b | 18.3x | 9.7x | 0.8x |
| Mon, 27 Oct 2025 | ₹2.3t | ₹2.7t | ₹228.4b | 20.1x | 10.2x | 0.9x |
| Wed, 24 Sep 2025 | ₹2.1t | ₹2.7t | ₹228.3b | 21.4x | 9.2x | 0.8x |
| Fri, 22 Aug 2025 | ₹2.0t | ₹2.7t | ₹228.2b | 19.2x | 8.6x | 0.7x |
| Sun, 20 Jul 2025 | ₹1.9t | ₹2.6t | ₹214.4b | 19.9x | 8.8x | 0.7x |
| Tue, 17 Jun 2025 | ₹1.8t | ₹2.6t | ₹214.3b | 17.1x | 8.6x | 0.7x |
| Thu, 15 May 2025 | ₹1.8t | ₹2.5t | ₹182.5b | 16.8x | 9.9x | 0.7x |
| Sat, 12 Apr 2025 | ₹1.6t | ₹2.5t | ₹182.6b | 17.6x | 9x | 0.7x |
| Mon, 10 Mar 2025 | ₹1.9t | ₹2.5t | ₹182.6b | 17.9x | 10.6x | 0.8x |
| Wed, 05 Feb 2025 | ₹1.7t | ₹2.4t | ₹157.8b | 21.5x | 10.8x | 0.7x |
| Fri, 03 Jan 2025 | ₹1.8t | ₹2.4t | ₹158.2b | 24x | 11.2x | 0.7x |
| Sun, 01 Dec 2024 | ₹2.0t | ₹2.4t | ₹158.2b | 22.6x | 12.3x | 0.8x |
| Tue, 29 Oct 2024 | ₹2.0t | ₹2.4t | ₹134.2b | 23.8x | 14.9x | 0.8x |
| Thu, 26 Sep 2024 | ₹2.0t | ₹2.4t | ₹134.2b | 26.2x | 15x | 0.8x |
| Sat, 24 Aug 2024 | ₹1.9t | ₹2.4t | ₹134.2b | 27.3x | 14.1x | 0.8x |
| Mon, 22 Jul 2024 | ₹1.9t | ₹2.3t | ₹125.6b | 23.1x | 14.8x | 0.8x |
| Wed, 19 Jun 2024 | ₹1.9t | ₹2.3t | ₹125.5b | 22.5x | 15.2x | 0.8x |
| Fri, 17 May 2024 | ₹1.9t | ₹2.3t | ₹112.1b | 21.1x | 16.5x | 0.8x |
| Sun, 14 Apr 2024 | ₹1.7t | ₹2.3t | ₹112.1b | 21.3x | 15.2x | 0.7x |
| Tue, 12 Mar 2024 | ₹1.5t | ₹2.3t | ₹112.1b | 20.3x | 13.6x | 0.6x |
| Thu, 08 Feb 2024 | ₹1.7t | ₹2.4t | ₹100.3b | 23.3x | 16.6x | 0.7x |
| Sat, 06 Jan 2024 | ₹1.6t | ₹2.4t | ₹100.2b | 18.5x | 16.2x | 0.7x |
| Mon, 04 Dec 2023 | ₹1.4t | ₹2.4t | ₹100.2b | 15.5x | 13.6x | 0.6x |
| Wed, 01 Nov 2023 | ₹1.2t | ₹2.4t | ₹99.6b | 21.1x | 12.4x | 0.5x |
| Fri, 29 Sep 2023 | ₹1.2t | ₹2.4t | ₹99.6b | 22.9x | 12.5x | 0.5x |
| Sun, 27 Aug 2023 | ₹1.2t | ₹2.4t | ₹99.6b | 14.8x | 12x | 0.5x |
| Tue, 25 Jul 2023 | ₹1.2t | ₹2.4t | ₹118.4b | 14.1x | 9.9x | 0.5x |
| Thu, 22 Jun 2023 | ₹1.1t | ₹2.4t | ₹118.4b | 15.1x | 9.5x | 0.5x |
| Sat, 20 May 2023 | ₹1.1t | ₹2.4t | ₹138.5b | 10.1x | 7.8x | 0.4x |
Price to Earnings Ratio
7.8x
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 14.0x which is higher than its 3-year average PE of 12.1x.
- The 3-year average PS ratio of 0.74x 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 17% per year over the last three years.
- Revenues for these companies have grown 5.6% 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 | -0.029% | |
| Materials | 1.42% | |
| Metals and Mining | 0.43% | |
| Aluminum | -2.21% | |
| Copper | 6.56% | |
| Diversified Metals and Mining | 3.70% | |
| Steel | -0.12% | |
| Gold | -3.55% | |
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 | |
|---|---|---|---|---|---|
| 539151 Arfin India | ₹99.38 | 6.7% +₹1.1b | 272.8% | PE108.5x | |
| AMCL ANB Metal Cast | ₹518.00 | 8.7% +₹490.0m | n/a | PE47.8x | |
| 509567 Goa Carbon | ₹407.40 | 6.2% +₹219.2m | -11.0% | PS0.5x | |
| 544693 Kanishk Aluminium India | ₹40.36 | 11.7% +₹57.0m | n/a | PE17.8x | |
| 512425 Nirav Commercials | ₹891.00 | 4.8% +₹16.0m | -0.9% | PS3.4x |