20-quarter listed-company comparison

Aluminium Products Stocks in India

Aluminium Products: Manaksia Coated Metals & Industries Ltd owns the largest revenue base; MMP Industries Ltd has the fastest current growth.

Nifty Aluminium Products Index — Constituents & Performance

The Aluminium Products companies below are the listed Indian Aluminium Products universe this page tracks — the same constituent set people search for as the Nifty Aluminium Products index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Aluminium Products moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 83% ahead of NIFTY 500. Earnings across its companies fell 1% on average over the last four reported quarters.

TURNING · ahead 1w✓Price up, without the fundamentals confirming2 of 4 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑1w · 2/4 >200d (+0) · 2/4 lead (+0) · EPS 2/3↑

Aluminium Products, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy Broadening down the ladderHow much of the sector is participating, how recently, and whether the movers score well.

Together2 of 4 stocks moving

Fresh1 crossed in the last 4 weeks

Backed by scoresmovers score −1 vs the sector average

Down the cap ladder — bar is now, tick is four weeks ago

Large 0/1−1

Mid 2/2+1

Small 0/10

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Aluminium Products outperforming NIFTY 500?

The 52-week comparison of Aluminium Products against NIFTY 500 is not available from the current market series. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Arfin India Ltd is the strongest against the sector itself at +12.8%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks

—Sector vs NIFTY 500 · 52 weeks

3/4Stocks leading NIFTY 500

1/4Stocks leading sector

Sector metric: 8.5 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Manaksia Coated Metals & Industries Ltd leads with revenue of ₹896 crore, based on 3 of 4 comparable companies through Jun 2026. MMP Industries Ltd has the fastest current revenue growth at 19.1%, across 3 of 4 comparable companies.

Is the Aluminium Products sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Aluminium Products company is largest by revenue?

Manaksia Coated Metals & Industries Ltd leads with revenue of ₹896 crore, based on 3 of 4 comparable companies through Jun 2026.

Which Aluminium Products company is growing fastest?

MMP Industries Ltd has the fastest current revenue growth at 19.1%, across 3 of 4 comparable companies.

Which Aluminium Products company has the strongest 4-Factor Sector Score?

Arfin India Ltd ranks first at 63.3/100 with 72.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Aluminium Products company has the least gross debt?

Maan Aluminium Ltd has the lowest comparable gross debt at ₹55 crore. MMP Industries Ltd has the highest at ₹185 crore.

How much history does this Aluminium Products comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

₹4.3K Cr

Arfin India Ltd

Revenue growing

3/3

positive TTM year-on-year growth

Beating NIFTY 500

3/4

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Arfin India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 72.8% evidence confidence.

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.

1. Arfin India Ltd · ARFIN

63.3/100 · Mixed-positive evidence · 73% evidence

Exact sum: 26 + 13.3 + 10 + 14 = 63.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.0/35Growth & earnings

Revenue 0.4% · PAT 68.7% · OPM change 4.2 pp

83% evidence

13.3/25Capital efficiency

ROCE 14.8% · debt/equity 0.76×

95% evidence

10.0/20Valuation

P/E 100× · PEG —

0% evidence

14.0/20Relative strength

RS sector 12.8% · RS bench 22.8% · 1Y 193%

100% evidence

2. Manaksia Coated Metals & Industries Ltd · MANAKCOAT

50.8/100 · Mixed-positive evidence · 71% evidence

Exact sum: 18.2 + 17 + 10 + 5.6 = 50.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.2/35Growth & earnings

Revenue 6.9% · PAT 53.9% · OPM change 1 pp

95% evidence

17.0/25Capital efficiency

ROCE 19.9% · debt/equity 0.33×

95% evidence

10.0/20Valuation

P/E 33× · PEG —

0% evidence

5.6/20Relative strength

RS sector -24.3% · RS bench 0.1% · 1Y -8.7%

70% evidence

3. MMP Industries Ltd · MMP

47.4/100 · Mixed-negative evidence · 80% evidence

Exact sum: 15.9 + 11.5 + 8.2 + 11.8 = 47.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.9/35Growth & earnings

Revenue 19.1% · PAT -20.5% · OPM change 1 pp

83% evidence

11.5/25Capital efficiency

ROCE 12.5% · debt/equity 0.54×

95% evidence

8.2/20Valuation

P/E 18.6× · PEG —

35% evidence

11.8/20Relative strength

RS sector -4.1% · RS bench 7.6% · 1Y -1.8%

100% evidence

4. Maan Aluminium Ltd · MAANALU

40.4/100 · Thin evidence · provisional · 39% evidence

Exact sum: 15.6 + 10.2 + 10 + 4.6 = 40.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.6/35Growth & earnings

Revenue — · PAT — · OPM change -2.5 pp

11% evidence

10.2/25Capital efficiency

ROCE 4.4% · debt/equity 0.2×

84% evidence

10.0/20Valuation

P/E 907× · PEG —

0% evidence

4.6/20Relative strength

RS sector -3.2% · RS bench -13.7% · 1Y -4%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Manaksia Coated Metals & Industries Ltd has the highest Revenue among the 4 Aluminium Products companies compared here, at ₹896 crore. MMP Industries Ltd is next at ₹824 crore. MMP Industries Ltd has the highest Revenue growth at 19.1%, so level and change sit with different companies. 3 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Manaksia Coated Metals & Industries Ltd is the scale leader at ₹896 crore, 8.7% ahead of MMP Industries Ltd. MMP Industries Ltd's growth is 19.1% from a ₹824 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderManaksia Coated Metals & Industries Ltd · ₹896 crore

Gap8.7% versus #2 · MMP Industries Ltd

Persistence6/8 recent comparable periods

Coverage3/4 companies · 44 observations

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

This conclusion weakens if: Manaksia Coated Metals & Industries Ltd's growth falls below MMP Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified₹896 Cr

2MMP Industries Ltd MMP⚠ unverified₹824 Cr

3Arfin India Ltd ARFIN⚠ unverified₹618 Cr

Revenue growthfastest growers

1MMP Industries Ltd MMP⚠ unverified19%

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified6.9%

3Arfin India Ltd ARFIN⚠ unverified0.4%

Revenue · company comparison

3/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	₹262 Cr	4.8%	Jun 2026
MMP Industries Ltd MMP⚠ unverified	₹250 Cr	12%	Mar 2026
Arfin India Ltd ARFIN⚠ unverified	₹193 Cr	26%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹120 Cr

Mar 2023₹152 Cr

Jun 2023₹149 Cr

Sep 2023₹134 Cr

Dec 2023₹115 Cr

Mar 2024₹137 Cr

Jun 2024₹133 Cr

Sep 2024₹149 Cr

Dec 2024₹180 Cr

Mar 2025₹153 Cr

Jun 2025₹109 Cr

Sep 2025₹128 Cr

Dec 2025₹188 Cr

Mar 2026₹193 Cr

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹177 Cr

Mar 2023₹187 Cr

Jun 2023₹172 Cr

Sep 2023₹195 Cr

Dec 2023₹191 Cr

Mar 2024₹183 Cr

Jun 2024₹194 Cr

Sep 2024₹175 Cr

Dec 2024₹205 Cr

Mar 2025₹208 Cr

Jun 2025₹250 Cr

Sep 2025₹220 Cr

Dec 2025₹187 Cr

Mar 2026₹227 Cr

Jun 2026₹262 Cr

MMP Industries Ltd · MMP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹119 Cr

Dec 2022₹128 Cr

Mar 2023₹144 Cr

Jun 2023₹151 Cr

Sep 2023₹126 Cr

Dec 2023₹141 Cr

Mar 2024₹160 Cr

Jun 2024₹156 Cr

Sep 2024₹145 Cr

Dec 2024₹168 Cr

Mar 2025₹223 Cr

Jun 2025₹183 Cr

Sep 2025₹188 Cr

Dec 2025₹203 Cr

Mar 2026₹250 Cr

Jun 2026—

Revenue growth · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-4.0%

Mar 2024-9.9%

Jun 2024-11%

Sep 202411%

Dec 202456%

Mar 202512%

Jun 2025-18%

Sep 2025-14%

Dec 20254.2%

Mar 202626%

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20238.0%

Mar 2024-2.1%

Jun 202413%

Sep 2024-10%

Dec 20247.3%

Mar 202514%

Jun 202529%

Sep 202526%

Dec 2025-8.8%

Mar 20269.1%

Jun 20264.8%

MMP Industries Ltd · MMP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20236.0%

Dec 202310%

Mar 202411%

Jun 20243.3%

Sep 202415%

Dec 202419%

Mar 202539%

Jun 202517%

Sep 202530%

Dec 202521%

Mar 202612%

Jun 2026—

02 · compare level, then change

Operating Economics & Margin Trend

Manaksia Coated Metals & Industries Ltd has the highest OPM among the 4 Aluminium Products companies compared here, at 11%. MMP Industries Ltd is next at 9%. Arfin India Ltd has the highest Margin change at +4.2 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Manaksia Coated Metals & Industries Ltd leads opm at 11%; Arfin India Ltd leads margin change at +4.2 percentage points.

LeaderManaksia Coated Metals & Industries Ltd · 11%

Gap22.2% versus #2 · MMP Industries Ltd

Persistence5/8 recent comparable periods

Coverage4/4 companies · 77 observations

Investor read: Manaksia Coated Metals & 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 margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified11%

2MMP Industries Ltd MMP⚠ unverified9.0%

3Arfin India Ltd ARFIN⚠ unverified8.5%

4Maan Aluminium Ltd MAANALU⚠ unverified0.6%

Margin changefastest expanders

1Arfin India Ltd ARFIN⚠ unverified+4.2 pp

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified+1.0 pp

3MMP Industries Ltd MMP⚠ unverified+1.0 pp

4Maan Aluminium Ltd MAANALU⚠ unverified−2.5 pp

Operating margin · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	11%	+1.0 pp	Jun 2026
MMP Industries Ltd MMP⚠ unverified	9.0%	+1.0 pp	Mar 2026
Arfin India Ltd ARFIN⚠ unverified	8.5%	+4.2 pp	Mar 2026
Maan Aluminium Ltd MAANALU⚠ unverified	0.6%	−2.5 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 20214.7%

Dec 20214.6%

Mar 20224.1%

Jun 20224.4%

Sep 20225.3%

Dec 20225.4%

Mar 20234.5%

Jun 20235.1%

Sep 20235.3%

Dec 20236.3%

Mar 20246.1%

Jun 20246.8%

Sep 20246.5%

Dec 20246.1%

Mar 20254.3%

Jun 20256.1%

Sep 20257.3%

Dec 20257.4%

Mar 20268.5%

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 20214.7%

Dec 20214.1%

Mar 20228.7%

Jun 20227.1%

Sep 20229.9%

Dec 202210%

Mar 20237.9%

Jun 20236.5%

Sep 20233.8%

Dec 20235.1%

Mar 20243.9%

Jun 20242.8%

Sep 20243.7%

Dec 20242.7%

Mar 20253.1%

Jun 20252.3%

Sep 20254.2%

Dec 20253.7%

Mar 20260.6%

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 20214.1%

Dec 20216.6%

Mar 20226.8%

Jun 20225.2%

Sep 20225.0%

Dec 20225.0%

Mar 20234.9%

Jun 20234.0%

Sep 20236.0%

Dec 20236.0%

Mar 20248.0%

Jun 20247.0%

Sep 20246.0%

Dec 20247.0%

Mar 20257.0%

Jun 202510%

Sep 202512%

Dec 20258.0%

Mar 20266.0%

Jun 202611%

MMP Industries Ltd · MMP⚠ unverified

Sep 202111%

Dec 20218.3%

Mar 20229.2%

Jun 20224.8%

Sep 20226.0%

Dec 20228.0%

Mar 20238.0%

Jun 20238.0%

Sep 20236.0%

Dec 20239.0%

Mar 20249.0%

Jun 202411%

Sep 20248.0%

Dec 202410%

Mar 20258.0%

Jun 20257.0%

Sep 20257.0%

Dec 20259.0%

Mar 20269.0%

Jun 2026—

Margin change · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021−1.4 pp

Dec 2021−0.2 pp

Mar 2022−0.5 pp

Jun 2022−0.6 pp

Sep 2022+0.6 pp

Dec 2022+0.8 pp

Mar 2023+0.4 pp

Jun 2023+0.7 pp

Sep 2023+0.0 pp

Dec 2023+0.9 pp

Mar 2024+1.6 pp

Jun 2024+1.7 pp

Sep 2024+1.2 pp

Dec 2024−0.2 pp

Mar 2025−1.8 pp

Jun 2025−0.8 pp

Sep 2025+0.8 pp

Dec 2025+1.3 pp

Mar 2026+4.2 pp

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 2021−1.3 pp

Dec 2021−3.6 pp

Mar 2022+3.5 pp

Jun 2022+0.8 pp

Sep 2022+5.3 pp

Dec 2022+6.3 pp

Mar 2023−0.8 pp

Jun 2023−0.6 pp

Sep 2023−6.2 pp

Dec 2023−5.2 pp

Mar 2024−4.0 pp

Jun 2024−3.7 pp

Sep 2024−0.1 pp

Dec 2024−2.5 pp

Mar 2025−0.8 pp

Jun 2025−0.5 pp

Sep 2025+0.5 pp

Dec 2025+1.0 pp

Mar 2026−2.5 pp

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021−2.7 pp

Dec 2021−0.1 pp

Mar 2022−0.7 pp

Jun 2022+0.5 pp

Sep 2022+0.9 pp

Dec 2022−1.6 pp

Mar 2023−2.0 pp

Jun 2023−1.2 pp

Sep 2023+1.0 pp

Dec 2023+1.0 pp

Mar 2024+3.2 pp

Jun 2024+3.0 pp

Sep 20240.0 pp

Dec 2024+1.0 pp

Mar 2025−1.0 pp

Jun 2025+3.0 pp

Sep 2025+6.0 pp

Dec 2025+1.0 pp

Mar 2026−1.0 pp

Jun 2026+1.0 pp

MMP Industries Ltd · MMP⚠ unverified

Sep 2021−0.9 pp

Dec 2021−3.6 pp

Mar 2022−2.0 pp

Jun 2022−4.7 pp

Sep 2022−4.9 pp

Dec 2022−0.3 pp

Mar 2023−1.2 pp

Jun 2023+3.3 pp

Sep 2023−0.0 pp

Dec 2023+1.0 pp

Mar 2024+1.0 pp

Jun 2024+3.0 pp

Sep 2024+2.0 pp

Dec 2024+1.0 pp

Mar 2025−1.0 pp

Jun 2025−4.0 pp

Sep 2025−1.0 pp

Dec 2025−1.0 pp

Mar 2026+1.0 pp

Jun 2026—

03 · compare level, then change

Profit Scale & Acceleration

Manaksia Coated Metals & Industries Ltd has the highest Net profit among the 4 Aluminium Products companies compared here, at ₹40 crore. MMP Industries Ltd is next at ₹31 crore. Arfin India Ltd has the highest Profit growth at 68.7%, so level and change sit with different companies. Its Net profit series carries 15 reported observations across the 20-quarter window.

What the numbers say: Manaksia Coated Metals & Industries Ltd leads with ₹40 crore of TTM profit, 29% above MMP Industries Ltd. Arfin India Ltd shows 68.7% growth from a ₹15 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderManaksia Coated Metals & Industries Ltd · ₹40 crore

Gap29% versus #2 · MMP Industries Ltd

Persistence4/8 recent comparable periods

Coverage3/4 companies · 44 observations

Investor read: Manaksia Coated Metals & 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.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified₹40 Cr

2MMP Industries Ltd MMP⚠ unverified₹31 Cr

3Arfin India Ltd ARFIN⚠ unverified₹15 Cr

Profit growthfastest growers

1Arfin India Ltd ARFIN⚠ unverified69%

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified54%

3MMP Industries Ltd MMP⚠ unverified-21%

Net profit · company comparison

3/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
MMP Industries Ltd MMP⚠ unverified	₹18 Cr	64%	Mar 2026
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	₹14 Cr	0.0%	Jun 2026
Arfin India Ltd ARFIN⚠ unverified	₹7 Cr	1,187%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹2 Cr

Mar 2023₹3 Cr

Jun 2023₹2 Cr

Sep 2023₹2 Cr

Dec 2023₹2 Cr

Mar 2024₹2 Cr

Jun 2024₹3 Cr

Sep 2024₹3 Cr

Dec 2024₹3 Cr

Mar 2025₹1 Cr

Jun 2025₹1 Cr

Sep 2025₹2 Cr

Dec 2025₹5 Cr

Mar 2026₹7 Cr

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹0 Cr

Mar 2023₹8 Cr

Jun 2023₹0 Cr

Sep 2023₹2 Cr

Dec 2023₹4 Cr

Mar 2024₹5 Cr

Jun 2024₹3 Cr

Sep 2024₹2 Cr

Dec 2024₹5 Cr

Mar 2025₹5 Cr

Jun 2025₹14 Cr

Sep 2025₹14 Cr

Dec 2025₹7 Cr

Mar 2026₹5 Cr

Jun 2026₹14 Cr

MMP Industries Ltd · MMP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹3 Cr

Dec 2022₹6 Cr

Mar 2023₹7 Cr

Jun 2023₹8 Cr

Sep 2023₹5 Cr

Dec 2023₹9 Cr

Mar 2024₹10 Cr

Jun 2024₹11 Cr

Sep 2024₹6 Cr

Dec 2024₹11 Cr

Mar 2025₹11 Cr

Jun 2025₹-5 Cr

Sep 2025₹7 Cr

Dec 2025₹11 Cr

Mar 2026₹18 Cr

Jun 2026—

Profit growth · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-16%

Mar 2024-16%

Jun 202430%

Sep 202448%

Dec 202452%

Mar 2025-76%

Jun 2025-64%

Sep 2025-5.0%

Dec 202568%

Mar 20261,187%

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20231,805%

Mar 2024-35%

Jun 2024—

Sep 20240.0%

Dec 202425%

Mar 20250.0%

Jun 2025367%

Sep 2025600%

Dec 202540%

Mar 20260.0%

Jun 20260.0%

MMP Industries Ltd · MMP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202391%

Dec 202350%

Mar 202443%

Jun 202438%

Sep 202420%

Dec 202422%

Mar 202510%

Jun 2025-145%

Sep 202517%

Dec 20250.0%

Mar 202664%

Jun 2026—

04 · not available

Capacity Spending & Returns On It

No company in this Aluminium Products comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 4 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 Jun 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Maan Aluminium Ltd has the lowest Gross debt among the 4 Aluminium Products companies compared here, at ₹55 crore. Manaksia Coated Metals & Industries Ltd is next at ₹115 crore. The same company also holds the lowest Net debt, at ₹8 crore. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Maan Aluminium Ltd has the clearest covered balance-sheet capacity with ₹8 crore and gross debt of ₹55 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderMaan Aluminium Ltd · ₹55 crore

Gap52.2% versus #2 · Manaksia Coated Metals & Industries Ltd

Persistence0/8 recent comparable periods

Coverage4/4 companies · 77 observations

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.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1Maan Aluminium Ltd MAANALU⚠ unverified₹55 Cr

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified₹115 Cr

3Arfin India Ltd ARFIN⚠ unverified₹129 Cr

4MMP Industries Ltd MMP⚠ unverified₹185 Cr

Net debtlowest net debt

1Maan Aluminium Ltd MAANALU⚠ unverified₹8 Cr

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified₹81 Cr

3Arfin India Ltd ARFIN⚠ unverified₹120 Cr

4MMP Industries Ltd MMP⚠ unverified₹183 Cr

Debt and balance-sheet capacity · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
MMP Industries Ltd MMP⚠ unverified	₹185 Cr	₹183 Cr	Mar 2026
Arfin India Ltd ARFIN⚠ unverified	₹129 Cr	₹120 Cr	Mar 2026
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	₹115 Cr	₹81 Cr	Jun 2026
Maan Aluminium Ltd MAANALU⚠ unverified	₹55 Cr	₹8 Cr	Mar 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021₹108 Cr

Dec 2021₹108 Cr

Mar 2022₹112 Cr

Jun 2022₹112 Cr

Sep 2022₹99 Cr

Dec 2022₹99 Cr

Mar 2023₹112 Cr

Jun 2023₹112 Cr

Sep 2023₹114 Cr

Dec 2023₹114 Cr

Mar 2024₹120 Cr

Jun 2024₹120 Cr

Sep 2024₹133 Cr

Dec 2024₹133 Cr

Mar 2025₹117 Cr

Jun 2025₹117 Cr

Sep 2025₹149 Cr

Dec 2025₹149 Cr

Mar 2026₹129 Cr

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 2021₹65 Cr

Dec 2021₹65 Cr

Mar 2022₹66 Cr

Jun 2022₹66 Cr

Sep 2022₹77 Cr

Dec 2022₹77 Cr

Mar 2023₹56 Cr

Jun 2023₹56 Cr

Sep 2023₹46 Cr

Dec 2023₹46 Cr

Mar 2024₹33 Cr

Jun 2024₹33 Cr

Sep 2024₹41 Cr

Dec 2024₹41 Cr

Mar 2025₹90 Cr

Jun 2025₹90 Cr

Sep 2025₹83 Cr

Dec 2025₹83 Cr

Mar 2026₹55 Cr

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021₹157 Cr

Dec 2021₹157 Cr

Mar 2022₹178 Cr

Jun 2022₹179 Cr

Sep 2022₹204 Cr

Dec 2022₹204 Cr

Mar 2023₹190 Cr

Jun 2023₹192 Cr

Sep 2023₹192 Cr

Dec 2023₹192 Cr

Mar 2024₹178 Cr

Jun 2024₹180 Cr

Sep 2024₹200 Cr

Dec 2024₹200 Cr

Mar 2025₹145 Cr

Jun 2025₹142 Cr

Sep 2025₹103 Cr

Dec 2025₹103 Cr

Mar 2026₹115 Cr

Jun 2026₹115 Cr

MMP Industries Ltd · MMP⚠ unverified

Sep 2021₹48 Cr

Dec 2021₹48 Cr

Mar 2022₹52 Cr

Jun 2022₹52 Cr

Sep 2022₹52 Cr

Dec 2022₹52 Cr

Mar 2023₹58 Cr

Jun 2023₹58 Cr

Sep 2023₹80 Cr

Dec 2023₹80 Cr

Mar 2024₹93 Cr

Jun 2024₹93 Cr

Sep 2024₹122 Cr

Dec 2024₹122 Cr

Mar 2025₹156 Cr

Jun 2025₹156 Cr

Sep 2025₹173 Cr

Dec 2025₹173 Cr

Mar 2026₹185 Cr

Jun 2026—

Net debt · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021₹107 Cr

Dec 2021₹107 Cr

Mar 2022₹112 Cr

Jun 2022₹111 Cr

Sep 2022₹95 Cr

Dec 2022₹95 Cr

Mar 2023₹104 Cr

Jun 2023₹103 Cr

Sep 2023₹112 Cr

Dec 2023₹112 Cr

Mar 2024₹120 Cr

Jun 2024₹118 Cr

Sep 2024₹119 Cr

Dec 2024₹119 Cr

Mar 2025₹116 Cr

Jun 2025₹111 Cr

Sep 2025₹143 Cr

Dec 2025₹143 Cr

Mar 2026₹120 Cr

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 2021₹61 Cr

Dec 2021₹61 Cr

Mar 2022₹66 Cr

Jun 2022₹66 Cr

Sep 2022₹76 Cr

Dec 2022₹76 Cr

Mar 2023₹55 Cr

Jun 2023₹55 Cr

Sep 2023₹41 Cr

Dec 2023₹41 Cr

Mar 2024₹28 Cr

Jun 2024₹28 Cr

Sep 2024₹36 Cr

Dec 2024₹36 Cr

Mar 2025₹84 Cr

Jun 2025₹84 Cr

Sep 2025₹75 Cr

Dec 2025₹75 Cr

Mar 2026₹8 Cr

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021₹140 Cr

Dec 2021₹140 Cr

Mar 2022₹154 Cr

Jun 2022₹155 Cr

Sep 2022₹179 Cr

Dec 2022₹179 Cr

Mar 2023₹170 Cr

Jun 2023₹172 Cr

Sep 2023₹169 Cr

Dec 2023₹169 Cr

Mar 2024₹156 Cr

Jun 2024₹158 Cr

Sep 2024₹184 Cr

Dec 2024₹184 Cr

Mar 2025₹120 Cr

Jun 2025₹117 Cr

Sep 2025₹73 Cr

Dec 2025₹73 Cr

Mar 2026₹81 Cr

Jun 2026₹81 Cr

MMP Industries Ltd · MMP⚠ unverified

Sep 2021₹45 Cr

Dec 2021₹45 Cr

Mar 2022₹52 Cr

Jun 2022₹52 Cr

Sep 2022₹51 Cr

Dec 2022₹51 Cr

Mar 2023₹56 Cr

Jun 2023₹55 Cr

Sep 2023₹79 Cr

Dec 2023₹79 Cr

Mar 2024₹93 Cr

Jun 2024₹93 Cr

Sep 2024₹122 Cr

Dec 2024₹122 Cr

Mar 2025₹145 Cr

Jun 2025₹145 Cr

Sep 2025₹172 Cr

Dec 2025₹172 Cr

Mar 2026₹183 Cr

Jun 2026—

06 · compare level, then change

Return On Capital Employed

Manaksia Coated Metals & Industries Ltd has the highest ROCE among the 4 Aluminium Products companies compared here, at 19.9%. Arfin India Ltd is next at 14.8%. Arfin India Ltd has the highest ROCE change at +3.7 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Manaksia Coated Metals & Industries Ltd leads ROCE at 19.9%, 5.1 percentage points above Arfin India Ltd. Arfin India Ltd has the strongest latest improvement at +3.7 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.

LeaderManaksia Coated Metals & Industries Ltd · 19.9%

Gap34.5% versus #2 · Arfin India Ltd

Persistence5/8 recent comparable periods

Coverage4/4 companies · 57 observations

Investor read: Manaksia Coated Metals & 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 roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified20%

2Arfin India Ltd ARFIN⚠ unverified15%

3MMP Industries Ltd MMP⚠ unverified13%

4Maan Aluminium Ltd MAANALU⚠ unverified4.4%

ROCE changefastest improvers

1Arfin India Ltd ARFIN⚠ unverified+3.7 pp

2MMP Industries Ltd MMP⚠ unverified−1.4 pp

3Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified−3.0 pp

4Maan Aluminium Ltd MAANALU⚠ unverified−5.7 pp

Return on capital · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	22%	−3.0 pp	Jun 2026
Arfin India Ltd ARFIN⚠ unverified	21%	+3.7 pp	Mar 2026
MMP Industries Ltd MMP⚠ unverified	13%	−1.4 pp	Mar 2026
Maan Aluminium Ltd MAANALU⚠ unverified	4.4%	−5.7 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 202117%

Dec 2021—

Mar 202217%

Jun 2022—

Sep 202219%

Dec 2022—

Mar 202318%

Jun 2023—

Sep 202320%

Dec 202323%

Mar 202421%

Jun 202423%

Sep 202416%

Dec 202422%

Mar 202517%

Jun 202521%

Sep 202516%

Dec 202519%

Mar 202621%

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 202134%

Dec 2021—

Mar 202232%

Jun 2022—

Sep 202240%

Dec 2022—

Mar 202350%

Jun 2023—

Sep 202340%

Dec 2023—

Mar 202424%

Jun 2024—

Sep 202416%

Dec 2024—

Mar 202510%

Jun 2025—

Sep 20259.3%

Dec 2025—

Mar 20264.4%

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 202112%

Dec 2021—

Mar 202212%

Jun 2022—

Sep 202212%

Dec 2022—

Mar 202311%

Jun 2023—

Sep 202313%

Dec 202321%

Mar 202418%

Jun 202422%

Sep 202419%

Dec 202424%

Mar 202514%

Jun 202525%

Sep 202517%

Dec 202526%

Mar 202616%

Jun 202622%

MMP Industries Ltd · MMP⚠ unverified

Sep 202113%

Dec 2021—

Mar 202214%

Jun 2022—

Sep 202212%

Dec 2022—

Mar 202311%

Jun 202313%

Sep 202312%

Dec 202315%

Mar 202412%

Jun 202418%

Sep 202414%

Dec 202419%

Mar 202514%

Jun 202512%

Sep 202513%

Dec 202512%

Mar 202613%

Jun 2026—

ROCE change · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022—

Mar 2023+0.8 pp

Jun 2023—

Sep 2023+0.5 pp

Dec 2023—

Mar 2024+2.6 pp

Jun 2024—

Sep 2024−3.1 pp

Dec 2024−0.9 pp

Mar 2025−3.4 pp

Jun 2025−2.8 pp

Sep 2025−0.4 pp

Dec 2025−3.5 pp

Mar 2026+3.7 pp

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.7 pp

Dec 2022—

Mar 2023+17.3 pp

Jun 2023—

Sep 2023−0.5 pp

Dec 2023—

Mar 2024−25.6 pp

Jun 2024—

Sep 2024−23.6 pp

Dec 2024—

Mar 2025−13.8 pp

Jun 2025—

Sep 2025−6.6 pp

Dec 2025—

Mar 2026−5.7 pp

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.2 pp

Dec 2022—

Mar 2023−1.5 pp

Jun 2023—

Sep 2023+1.6 pp

Dec 2023—

Mar 2024+6.7 pp

Jun 2024—

Sep 2024+5.9 pp

Dec 2024+2.1 pp

Mar 2025−3.2 pp

Jun 2025+2.7 pp

Sep 2025−2.1 pp

Dec 2025+2.8 pp

Mar 2026+1.7 pp

Jun 2026−3.0 pp

MMP Industries Ltd · MMP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022—

Mar 2023−3.6 pp

Jun 2023—

Sep 2023−0.6 pp

Dec 2023—

Mar 2024+1.6 pp

Jun 2024+4.4 pp

Sep 2024+2.6 pp

Dec 2024+4.0 pp

Mar 2025+2.3 pp

Jun 2025−6.3 pp

Sep 2025−0.9 pp

Dec 2025−7.5 pp

Mar 2026−1.4 pp

Jun 2026—

07 · compare level, then change

Valuation Against Growth & Quality

No company in this Aluminium Products comparison has a valuation figure that passes this section's guard, so the Guarded PEG rank is empty. On P/E, MMP Industries Ltd is lowest at 18.6×, across 4 of 4 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable guarded peg leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/4 companies · 0 observations

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.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

—Not enough comparable data—

P/Elowest P/E

1MMP Industries Ltd MMP⚠ unverified18.6

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified33.0

3Arfin India Ltd ARFIN⚠ unverified100.0

4Maan Aluminium Ltd MAANALU⚠ unverified907.0

Valuation · company comparison

0/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
Arfin India Ltd ARFIN⚠ unverified	—	139.2	Mar 2026
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	—	27.2	Jun 2026
MMP Industries Ltd MMP⚠ unverified	—	12.4	Mar 2026
Maan Aluminium Ltd MAANALU⚠ unverified	—	55.5	Mar 2026

Full 20-quarter history · every available company

No consistent historical series is available for guarded peg.

P/E · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 202116.2

Dec 202125.3

Mar 202227.7

Jun 202221.1

Sep 202230.9

Dec 202236.2

Mar 202330.9

Jun 202351.2

Sep 202369.2

Dec 202394.3

Mar 202499.0

Jun 202481.7

Sep 202464.7

Dec 202455.5

Mar 202550.3

Jun 202548.8

Sep 202587.0

Dec 2025165.6

Mar 2026139.2

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 20218.4

Dec 20218.4

Mar 20228.3

Jun 20226.3

Sep 20226.6

Dec 20225.2

Mar 20234.7

Jun 20238.8

Sep 202310.0

Dec 202319.3

Mar 202422.6

Jun 202430.0

Sep 202439.9

Dec 202435.6

Mar 202526.6

Jun 202544.7

Sep 202538.4

Dec 202557.2

Mar 202655.5

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 202113.5

Dec 202134.0

Mar 202226.5

Jun 202214.7

Sep 202216.3

Dec 202220.7

Mar 202318.7

Jun 202321.0

Sep 202333.0

Dec 202330.3

Mar 202419.9

Jun 202438.0

Sep 202433.0

Dec 202458.9

Mar 202540.0

Jun 202568.7

Sep 202546.2

Dec 202532.9

Mar 202625.0

Jun 202627.2

MMP Industries Ltd · MMP⚠ unverified

Sep 202117.2

Dec 202115.0

Mar 202218.9

Jun 202213.5

Sep 202214.9

Dec 202213.4

Mar 202312.1

Jun 202323.8

Sep 202325.6

Dec 202320.4

Mar 202422.7

Jun 202421.9

Sep 202428.0

Dec 202423.6

Mar 202517.3

Jun 202518.6

Sep 202518.0

Dec 202515.8

Mar 202612.4

Jun 2026—

08 · compare level, then change

Enterprise Value & Book Value

MMP Industries Ltd has the lowest EV/EBITDA among the 4 Aluminium Products companies compared here, at 9.7×. Manaksia Coated Metals & Industries Ltd is next at 12.9×. The same company also holds the lowest P/BV, at 2.07×. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MMP Industries Ltd leads both ev/ebitda at 9.7× and p/bv at 2.07×.

LeaderMMP Industries Ltd · 9.7×

Gap24.8% versus #2 · Manaksia Coated Metals & Industries Ltd

Persistence0/8 recent comparable periods

Coverage4/4 companies · 77 observations

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.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1MMP Industries Ltd MMP⚠ unverified9.7

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified12.9

3Arfin India Ltd ARFIN⚠ unverified36.3

4Maan Aluminium Ltd MAANALU⚠ unverified42.0

P/BVlowest P/BV

1MMP Industries Ltd MMP⚠ unverified2.1

2Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified3.8

3Arfin India Ltd ARFIN⚠ unverified9.1

4Maan Aluminium Ltd MAANALU⚠ unverified23.9

Enterprise and book valuation · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Maan Aluminium Ltd MAANALU⚠ unverified	42.0	2.6	Mar 2026
Arfin India Ltd ARFIN⚠ unverified	36.3	7.9	Mar 2026
Manaksia Coated Metals & Industries Ltd MANAKCOAT⚠ unverified	12.9	3.2	Jun 2026
MMP Industries Ltd MMP⚠ unverified	9.7	1.6	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 202110.4

Dec 202113.1

Mar 202215.3

Jun 202213.4

Sep 202217.6

Dec 202218.8

Mar 202315.7

Jun 202322.2

Sep 202326.1

Dec 202332.3

Mar 202430.9

Jun 202426.8

Sep 202421.9

Dec 202419.0

Mar 202516.0

Jun 202514.5

Sep 202523.6

Dec 202536.6

Mar 202636.3

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 20217.7

Dec 20217.4

Mar 20227.5

Jun 20226.0

Sep 20225.9

Dec 20225.0

Mar 20234.4

Jun 20237.1

Sep 20238.1

Dec 202314.6

Mar 202417.7

Jun 202422.5

Sep 202429.5

Dec 202426.8

Mar 202518.2

Jun 202530.9

Sep 202527.7

Dec 202538.1

Mar 202642.0

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 20215.8

Dec 20219.8

Mar 20227.8

Jun 20226.0

Sep 20226.7

Dec 20227.0

Mar 20236.0

Jun 20237.0

Sep 20238.1

Dec 20237.7

Mar 20247.8

Jun 202411.0

Sep 202410.8

Dec 202417.3

Mar 202513.0

Jun 202524.8

Sep 202520.0

Dec 202515.8

Mar 202612.0

Jun 202612.9

MMP Industries Ltd · MMP⚠ unverified

Sep 202111.0

Dec 202110.7

Mar 202213.0

Jun 20228.8

Sep 202210.3

Dec 20228.9

Mar 20238.1

Jun 202314.5

Sep 202315.5

Dec 202313.4

Mar 202414.6

Jun 202413.7

Sep 202417.7

Dec 202415.1

Mar 202511.4

Jun 202511.5

Sep 202512.8

Dec 202511.8

Mar 20269.7

Jun 2026—

P/BV · reported quarter history

Arfin India Ltd · ARFIN⚠ unverified

Sep 20211.4

Dec 20212.7

Mar 20223.3

Jun 20222.9

Sep 20224.1

Dec 20224.7

Mar 20233.6

Jun 20235.8

Sep 20236.8

Dec 20238.8

Mar 20248.4

Jun 20247.6

Sep 20244.1

Dec 20243.9

Mar 20252.9

Jun 20252.8

Sep 20255.1

Dec 20257.3

Mar 20267.9

Jun 2026—

Maan Aluminium Ltd · MAANALU⚠ unverified

Sep 20212.3

Dec 20212.2

Mar 20222.2

Jun 20221.9

Sep 20222.1

Dec 20222.2

Mar 20231.8

Jun 20233.5

Sep 20233.1

Dec 20235.2

Mar 20244.5

Jun 20244.8

Sep 20245.4

Dec 20243.9

Mar 20252.3

Jun 20253.7

Sep 20253.2

Dec 20254.7

Mar 20262.6

Jun 2026—

Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified

Sep 20211.0

Dec 20212.7

Mar 20221.7

Jun 20221.3

Sep 20221.1

Dec 20221.1

Mar 20230.9

Jun 20231.0

Sep 20231.3

Dec 20231.5

Mar 20241.6

Jun 20243.4

Sep 20243.2

Dec 20245.3

Mar 20253.7

Jun 20256.4

Sep 20254.6

Dec 20254.1

Mar 20263.1

Jun 20263.2

MMP Industries Ltd · MMP⚠ unverified

Sep 20212.0

Dec 20211.7

Mar 20222.3

Jun 20221.9

Sep 20221.7

Dec 20221.3

Mar 20231.2

Jun 20232.1

Sep 20232.5

Dec 20232.0

Mar 20242.4

Jun 20242.7

Sep 20243.4

Dec 20242.8

Mar 20252.1

Jun 20252.5

Sep 20252.2

Dec 20252.0

Mar 20261.6

Jun 2026—

09 · let price answer last

Market action

Arfin India Ltd has the strongest one-year price move in Aluminium Products at +193%. It also leads on Mansfield relative strength against NIFTY at +22.8%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Aluminium Products comparison names 6 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 2 of the 8 ranked sections have fewer than three usable current readings.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

10 · the complete set

Which companies are included?

All 4 companies in the canonical Aluminium Products membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

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.

Company	Market value	Price	Priced to	Latest fundamentals	Source standing
Arfin India Ltd ARFIN23/26 WEEKS⚠ unverified	₹1.6K Cr	₹92.0	2026-07-19	Mar 2026	Includes unverified figures
Manaksia Coated Metals & Industries Ltd MANAKCOATAHEADLAGGING, FUNDAMENTALS UP⚠ unverified	₹1.3K Cr	₹126	2026-07-19	Jun 2026	Includes unverified figures
MMP Industries Ltd MMPAHEAD19/26 WEEKS⚠ unverified	₹716 Cr	₹282	2026-07-19	Mar 2026	Includes unverified figures
Maan Aluminium Ltd MAANALU⚠ unverified	₹689 Cr	₹115	2026-07-19	Mar 2026	Includes unverified figures

How each company's sources stand: 4 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 Aluminium Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 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.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-24 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing0 cross-checked · 4 unverified · 0 withheld, of 4 graded companies.

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.

Questions investors ask · short, speakable answers

Aluminium Products company comparison FAQs

These 16 answers restate the Aluminium Products comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Aluminium Products index?

The Nifty Aluminium Products index tracks India's listed Aluminium Products companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Aluminium Products sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Aluminium Products stocks in India?

Ranked by this page's four-factor score, Arfin India Ltd places first among 4 listed Aluminium Products companies, followed by Manaksia Coated Metals & Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Aluminium Products stocks are listed in India?

This comparison covers 4 listed Aluminium Products companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Aluminium Products company is the biggest?

Manaksia Coated Metals & Industries Ltd is the largest, with trailing-twelve-month revenue of ₹896 crore, ahead of MMP Industries Ltd at ₹824 crore. That covers 3 of 4 companies with comparable reporting through Jun 2026.

Which Aluminium Products company is growing fastest?

MMP Industries Ltd has the fastest revenue growth at 19.1% year on year, across 3 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Aluminium Products company has the best profit margins?

Manaksia Coated Metals & Industries Ltd has the highest operating margin at 11%, from 4 of 4 comparable companies. Arfin India Ltd shows the biggest recent improvement, at +4.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Aluminium Products company makes the most profit?

Manaksia Coated Metals & Industries Ltd earns the most, at ₹40 crore of trailing-twelve-month net profit, from 3 of 4 comparable companies. Arfin India Ltd has the fastest profit growth at 68.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Aluminium Products company earns the highest return on capital?

Manaksia Coated Metals & Industries Ltd leads on return on capital employed at 19.9%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Aluminium Products company has the strongest balance sheet?

Maan Aluminium Ltd carries the lowest comparable gross debt at ₹55 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Aluminium Products stock has the strongest price momentum?

Arfin India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Aluminium Products company scores highest for research priority?

Arfin India Ltd scores 63.3 out of 100 with 72.8% evidence confidence, from 26 points on growth and earnings, 13.3 on capital efficiency, 10 on valuation and 14 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Aluminium Products companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Aluminium Products sector?

The 4 Aluminium Products companies on this page carry ₹4,301 crore of combined market value. Arfin India Ltd is the largest at ₹1,552 crore, about 36% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Aluminium Products sector performing?

3 of the 4 covered Aluminium Products companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.