Aluminium Stocks in India

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

Revenue Scale & Growth Durability

Hindalco Industries Ltd has the highest Revenue among the 5 Aluminium companies compared here, at ₹2,74,944 crore. National Aluminium Company Ltd is next at ₹17,843 crore. The same company also holds the highest Revenue growth, at 15.3%. 3 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hindalco Industries Ltd is the scale leader at ₹2,74,944 crore, 15.4× the revenue of National Aluminium Company Ltd. Hindalco Industries Ltd's growth is 15.3% from a ₹2,74,944 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Hindalco Industries Ltd is the scale benchmark; Hindalco Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Hindalco Industries Ltd's growth falls below Hindalco Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Operating Economics & Margin Trend

Belding India Ltd has the highest OPM among the 5 Aluminium companies compared here, at 600%. National Aluminium Company Ltd is next at 47%. The same company also holds the highest Margin change, at +601.9 percentage points. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Belding India Ltd leads both opm at 600% and margin change at +601.9 percentage points.

Investor read: Belding India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Profit Scale & Acceleration

Hindalco Industries Ltd has the highest Net profit among the 5 Aluminium companies compared here, at ₹13,391 crore. National Aluminium Company Ltd is next at ₹5,796 crore. National Aluminium Company Ltd has the highest Profit growth at 10%, so level and change sit with different companies. 3 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hindalco Industries Ltd leads with ₹13,391 crore of TTM profit, 131% above National Aluminium Company Ltd. National Aluminium Company Ltd shows 10% growth from a ₹5,796 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Hindalco Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Capacity Spending & Returns On It

No company in this Aluminium comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 5 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

Debt Load & Balance-Sheet Headroom

Belding India Ltd has the lowest Gross debt among the 5 Aluminium companies compared here, at ₹38 crore. ANB Metal Cast Ltd is next at ₹47 crore. National Aluminium Company Ltd has the lowest Net debt at ₹8,641 crore net cash, so level and change sit with different companies.

What the numbers say: National Aluminium Company Ltd has the clearest covered balance-sheet capacity with ₹8,641 crore net cash and gross debt of ₹60 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Return On Capital Employed

National Aluminium Company Ltd has the highest ROCE among the 5 Aluminium companies compared here, at 39.6%. ANB Metal Cast Ltd is next at 29.6%. ANB Metal Cast Ltd has the highest ROCE change at 0 percentage points, so level and change sit with different companies. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: National Aluminium Company Ltd leads ROCE at 39.6%, 10 percentage points above ANB Metal Cast Ltd. ANB Metal Cast Ltd has the strongest latest improvement at 0 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: National Aluminium Company Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Valuation Against Growth & Quality

National Aluminium Company Ltd has the lowest Guarded PEG among the 5 Aluminium companies compared here, at 0.19×. Hindalco Industries Ltd is next at 0.57×. The same company also holds the lowest P/E, at 10.9×. 2 of 5 companies report a comparable reading, the latest through Mar 2026. Its Guarded PEG series carries 4 reported observations across the 20-quarter window.

What the numbers say: National Aluminium Company Ltd has the lowest comparable Guarded PEG at 0.19×, 66.7% below Hindalco Industries Ltd. Only 2 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Enterprise Value & Book Value

National Aluminium Company Ltd has the lowest EV/EBITDA among the 5 Aluminium companies compared here, at 6.8×. Hindalco Industries Ltd is next at 7.1×. Belding India Ltd has the lowest P/BV at 1.38×, so level and change sit with different companies. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: National Aluminium Company Ltd leads ev/ebitda at 6.8×; Belding India Ltd leads p/bv at 1.38×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Market action

Synthiko Foils Ltd has the strongest one-year price move in Aluminium at +283.9%. It also leads on Mansfield relative strength against NIFTY at +108.9%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

What can make this comparison misleading?

This Aluminium comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 8 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Which companies are included?

All 5 companies in the canonical Aluminium membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

How was this comparison built?

This comparison is built from the reported filings of 5 Aluminium companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Aluminium company comparison FAQs

These 17 answers restate the Aluminium comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.