Analysis Article • May 18
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Indian (NIFTY) Aluminum Industry Analysis
UpdatedMay 25, 2026
DataAggregated Company Financials
Companies24
- 7D3.3%
- 3M20.3%
- 1Y79.9%
- YTDn/a
In the last week, the Aluminum industry is up 3.3%, with Hindalco Industries up 4.0%. In the last 12 months, the industry was up 80%. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Tue, 04 Jul 2023 | ₹1.1t | ₹2.4t | ₹118.4b | 15.2x | 9.6x | 0.5x |
| Thu, 01 Jun 2023 | ₹1.1t | ₹2.4t | ₹118.3b | 10.7x | 9.2x | 0.4x |
Price to Earnings Ratio
9.2x
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 17.0x 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 7.6% 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 | 0.49% | |
| Materials | 0.23% | |
| Metals and Mining | -0.60% | |
| Aluminum | 3.27% | |
| Gold | 16.42% | |
| Steel | -0.88% | |
| Diversified Metals and Mining | -2.08% | |
| Copper | -4.33% | |
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 | ₹1.10k | 4.4% +₹103.7b | 66.2% | PE18.2x | |
| NATIONALUM National Aluminium | ₹403.00 | 0.6% +₹4.7b | 119.6% | PE12.8x | |
| 539151 Arfin India | ₹96.76 | 9.9% +₹1.5b | 257.6% | PE105.7x | |
| 513307 Belding India | ₹1.43k | 3.8% +₹749.3m | 235.4% | PE2109.5x | |
| MMP MMP Industries | ₹289.43 | 4.9% +₹344.2m | 12.0% | PE30.8x |