Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Aluminium Stocks in India

Aluminium: Hindalco Industries Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Aluminium Index — Constituents & Performance

The Aluminium companies below are the listed Indian Aluminium universe this page tracks — the same constituent set people search for as the Nifty Aluminium 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.

02 · the sector itself · before any single company

How has Aluminium moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 345% ahead of NIFTY 500. Earnings across its companies grew 28% on average over the last four reported quarters.

ASLEEP · 1y +136.0%Price and the fundamentals both up0 of 4 companies ahead of NIFTY 500 by 5% or more over three months

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

2005001000200020262025202420232022 2502333 TRAILING 12-MONTH EPS · 100 AT THE START-530156Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2023 · trailing 12-month earnings per share fell 53.1% · 2 reportingSep 2023 · trailing 12-month earnings per share fell 44.7% · 2 reportingDec 2023 · trailing 12-month earnings per share fell 21.7% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 19.3% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 85.0% · 2 reportingSep 2024 · trailing 12-month earnings per share grew 143.4% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 124.0% · 2 reportingMar 2025 · trailing 12-month earnings per share grew 57.6% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 155.5% · 2 reportingSep 2025 · trailing 12-month earnings per share grew 97.1% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 46.3% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 10.0% · 2 reportingNot reported yet — earnings trail price by a quarter or two10 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000200020262025202420232022 2502333 TRAILING 12-MONTH EPS · 100 AT THE START-530156Mar 24Mar 25Mar 26Jun 2023 · trailing 12-month earnings per share fell 53.1% · 2 reportingSep 2023 · trailing 12-month earnings per share fell 44.7% · 2 reportingDec 2023 · trailing 12-month earnings per share fell 21.7% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 19.3% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 85.0% · 2 reportingSep 2024 · trailing 12-month earnings per share grew 143.4% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 124.0% · 2 reportingMar 2025 · trailing 12-month earnings per share grew 57.6% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 155.5% · 2 reportingSep 2025 · trailing 12-month earnings per share grew 97.1% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 46.3% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 10.0% · 2 reportingNot reported yet — earnings trail price by a quarter or two10No earnings on file this far back — the price series reaches further than the filings do
Aluminium, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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.

03 · sector relative strength, before individual stocks

Is Aluminium outperforming NIFTY 500?

Aluminium has outperformed NIFTY 500 by 123.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 20%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Synthiko Foils Ltd is the strongest against the sector itself at +39.8%.

-20.0%Sector vs NIFTY 500 · 13 weeks
+123.1%Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
3/4Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

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

Bottom line

Aluminium has outperformed NIFTY 500 by 123.1% over 52 weeks and 20% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. Hindalco Industries Ltd leads with revenue of ₹2,74,944 crore, based on 3 of 5 comparable companies through Mar 2026.

Companies
5
complete canonical membership
Combined market value
₹2.9 L Cr
Hindalco Industries Ltd
Revenue growing
2/3
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Comparing 3 of 5
04 · 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%
National Aluminium Company Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
Hindalco Industries Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Hindalco Industries Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1National Aluminium Company LtdNATIONALUM 72.7/100Favorable setup97% evidence ASLEEP 18.0/35 Revenue 9% · PAT 17.8% · OPM change 12 pp 100% evidence 19.4/25 ROCE 39.6% · OPM 51% 100% evidence 16.0/20 P/E 9.5× · PEG 0.19 85% evidence 19.3/20 RS sector 4.2% · RS bench 8.1% · 1Y 80.8%3 of 12 weeks ahead 100% evidence
Exact sum: 18 + 19.4 + 16 + 19.3 = 72.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Hindalco Industries LtdHINDALCO 52.6/100Mixed-positive evidence93% evidence ASLEEP 13.4/35 Revenue 15.3% · PAT -16.3% · OPM change -1 pp 88% evidence 9.9/25 ROCE 13.2% · OPM 13% 100% evidence 14.7/20 P/E 13× · PEG 0.57 85% evidence 14.6/20 RS sector -1% · RS bench 7% · 1Y 40.5%5 of 12 weeks ahead 100% evidence
Exact sum: 13.4 + 9.9 + 14.7 + 14.6 = 52.6 · Decision use: Price leads the evidence: RS versus the benchmark is 7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Belding India Ltd513307 37.7/100Mixed-negative evidence63% evidence ASLEEP 10.0/35 Revenue -77.4% · PAT 100% · OPM change -1723.6 pp 95% evidence 5.7/25 ROCE 0.5% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 12.0/20 RS sector 39.8% · RS bench -23.2% · 1Y 125.2%0 of 10 weeks ahead 70% evidence
Exact sum: 10 + 5.7 + 10 + 12 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4ANB Metal Cast LtdAMCL 56.4/100Thin evidence · provisional33% evidence 17.0/35 Revenue — · PAT — · OPM change -1 pp 26% evidence 19.4/25 ROCE 29.6% · OPM 14% 95% evidence 10.0/20 P/E 20.6× · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y 123.9%7 of 8 weeks ahead to 2026-07-05 0% evidence
Exact sum: 17 + 19.4 + 10 + 10 = 56.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Synthiko Foils LtdSYNTHFO 55.3/100Thin evidence · provisional20% evidence 17.2/35 Revenue — · PAT — · OPM change -0.8 pp 8% evidence 11.1/25 ROCE — · OPM — 11% evidence 10.0/20 P/E 10347× · PEG — 0% evidence 17.0/20 RS sector 39.8% · RS bench 108.9% · 1Y 283.9%8 of 8 weeks ahead to 2026-03-08 70% evidence
Exact sum: 17.2 + 11.1 + 10 + 17 = 55.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

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 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

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 ₹19,338 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, 14.2× the revenue of National Aluminium Company Ltd. Hindalco Industries Ltd's growth is 15.3% from a ₹2,74,944 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderHindalco Industries Ltd · ₹2,74,944 crore
Gap14.2× versus #2 · National Aluminium Company Ltd
Persistence8/8 recent comparable periods
Coverage3/5 companies · 62 observations

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.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Hindalco Industries Ltd HINDALCO₹2.7 L Cr
2National Aluminium Company Ltd NATIONALUM₹19.3K Cr
3Belding India Ltd 513307₹5 Cr
Revenue growthfastest growers
3Belding India Ltd 513307-77%
Revenue · company comparison
3/5 level · 3/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Hindalco Industries Ltd HINDALCO₹78.1K Cr20%Mar 2026
National Aluminium Company Ltd NATIONALUM₹5.3K Cr39%Jun 2026
ANB Metal Cast Ltd AMCL₹137 Cr114%Mar 2026
Belding India Ltd 513307₹0 Cr-96%Jun 2026
Synthiko Foils Ltd SYNTHFO₹0 Cr-100%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

ANB Metal Cast Ltd · AMCL

₹99 Cr
₹64 Cr
₹88 Cr
₹137 Cr

Belding India Ltd · 513307

₹7 Cr
₹5 Cr
₹6 Cr
₹7 Cr
₹6 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
₹0 Cr
₹5 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr

Hindalco Industries Ltd · HINDALCO

₹47.7K Cr
₹50.3K Cr
₹55.8K Cr
₹58.0K Cr
₹56.2K Cr
₹53.2K Cr
₹55.9K Cr
₹53.0K Cr
₹54.2K Cr
₹52.8K Cr
₹56.0K Cr
₹57.0K Cr
₹58.2K Cr
₹58.4K Cr
₹64.9K Cr
₹64.2K Cr
₹66.1K Cr
₹66.5K Cr
₹78.1K Cr

National Aluminium Company Ltd · NATIONALUM

₹3.6K Cr
₹3.8K Cr
₹4.4K Cr
₹3.8K Cr
₹3.5K Cr
₹3.3K Cr
₹3.7K Cr
₹3.2K Cr
₹3.0K Cr
₹3.3K Cr
₹3.6K Cr
₹2.9K Cr
₹4.0K Cr
₹4.7K Cr
₹5.3K Cr
₹3.8K Cr
₹4.3K Cr
₹4.7K Cr
₹5.0K Cr
₹5.3K Cr

Synthiko Foils Ltd · SYNTHFO

₹5 Cr
₹0 Cr
₹0 Cr

Revenue growth · reported quarter history

ANB Metal Cast Ltd · AMCL

-11%
114%

Belding India Ltd · 513307

-18%
33%
1.2%
-10%
-9.5%
-24%
-100%
-19%
-100%
-100%
-96%

Hindalco Industries Ltd · HINDALCO

40%
18%
5.7%
0.2%
-8.7%
-3.6%
-0.7%
0.3%
7.6%
7.5%
11%
16%
13%
14%
14%
20%

National Aluminium Company Ltd · NATIONALUM

53%
-2.8%
-13%
-16%
-16%
-13%
1.6%
-2.5%
-10%
31%
39%
47%
33%
7.3%
1.5%
-4.8%
39%

Synthiko Foils Ltd · SYNTHFO

-100%
07 · compare level, then change

Operating Economics & Margin Trend

National Aluminium Company Ltd has the highest OPM among the 5 Aluminium companies compared here, at 51%. ANB Metal Cast Ltd is next at 14%. The same company also holds the highest Margin change, at +12 percentage points. 3 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: National Aluminium Company Ltd leads both opm at 51% and margin change at +12 percentage points.

LeaderNational Aluminium Company Ltd · 51%
Gap264.3% versus #2 · ANB Metal Cast Ltd
Persistence6/8 recent comparable periods
Coverage3/5 companies · 75 observations

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 margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2ANB Metal Cast Ltd AMCL14%
Margin changefastest expanders
1National Aluminium Company Ltd NATIONALUM+12.0 pp
2Synthiko Foils Ltd SYNTHFO · older report−0.8 pp
3ANB Metal Cast Ltd AMCL−1.0 pp
4Hindalco Industries Ltd HINDALCO−1.0 pp
5Belding India Ltd 513307−1,723.6 pp
Operating margin · company comparison
3/5 level · 5/5 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Belding India Ltd 513307600%−1,723.6 ppJun 2026
National Aluminium Company Ltd NATIONALUM51%+12.0 ppJun 2026
ANB Metal Cast Ltd AMCL14%−1.0 ppMar 2026
Hindalco Industries Ltd HINDALCO13%−1.0 ppMar 2026
Synthiko Foils Ltd SYNTHFO1.8%−0.8 ppDec 2025
Full 20-quarter history · every available company

OPM · reported quarter history

ANB Metal Cast Ltd · AMCL

8.0%
15%
15%
14%

Belding India Ltd · 513307

7.1%
6.5%
2.4%
3.7%
2.5%
-1.2%
5.1%
1.4%
4.0%
2.6%
4.2%
8.0%
0.4%
1.8%
-1.9%
-3.7%
-3.7%
600%

Hindalco Industries Ltd · HINDALCO

16%
15%
13%
15%
10%
7.0%
10%
11%
10%
11%
12%
13%
14%
13%
14%
12%
14%
12%
13%

National Aluminium Company Ltd · NATIONALUM

31%
32%
37%
23%
8.3%
14%
20%
18%
12%
23%
30%
32%
38%
50%
52%
39%
45%
46%
47%
51%

Synthiko Foils Ltd · SYNTHFO

7.1%
6.5%
2.4%
3.7%
2.5%
-1.2%
5.1%
1.4%
4.0%
2.6%
4.2%
8.0%
0.4%
1.8%

Margin change · reported quarter history

ANB Metal Cast Ltd · AMCL

+7.0 pp
−1.0 pp

Belding India Ltd · 513307

+3.0 pp
+3.6 pp
−5.0 pp
−3.9 pp
−4.6 pp
−7.7 pp
+2.7 pp
−2.3 pp
+1.5 pp
+3.8 pp
−0.9 pp
+6.6 pp
−3.6 pp
−0.8 pp
−6.1 pp
−11.6 pp
−4.0 pp
+601.9 pp
−1,723.6 pp

Hindalco Industries Ltd · HINDALCO

+5.1 pp
+0.1 pp
−0.8 pp
+0.7 pp
−5.9 pp
−7.5 pp
−3.1 pp
−3.5 pp
0.0 pp
+4.0 pp
+2.0 pp
+2.0 pp
+4.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−1.0 pp

National Aluminium Company Ltd · NATIONALUM

+19.8 pp
+13.3 pp
+3.9 pp
−0.8 pp
−23.1 pp
−17.6 pp
−17.4 pp
−4.6 pp
+3.7 pp
+9.0 pp
+10.0 pp
+14.0 pp
+26.0 pp
+27.0 pp
+22.0 pp
+7.0 pp
+7.0 pp
−4.0 pp
−5.0 pp
+12.0 pp

Synthiko Foils Ltd · SYNTHFO

+3.0 pp
+3.6 pp
−5.0 pp
−3.9 pp
−4.6 pp
−7.7 pp
+2.7 pp
−2.3 pp
+1.5 pp
+3.8 pp
−0.9 pp
+6.6 pp
−3.6 pp
−0.8 pp
08 · compare level, then change

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 ₹6,750 crore. Belding India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Hindalco Industries Ltd leads with ₹13,391 crore of TTM profit, 98.4% above National Aluminium Company Ltd. Belding India Ltd shows ≥100% on the scoring scale (106.4% uncapped) growth from a ₹1 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderHindalco Industries Ltd · ₹13,391 crore
Gap98.4% versus #2 · National Aluminium Company Ltd
Persistence6/8 recent comparable periods
Coverage3/5 companies · 62 observations

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.

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
1Hindalco Industries Ltd HINDALCO₹13.4K Cr
2National Aluminium Company Ltd NATIONALUM₹6.8K Cr
3Belding India Ltd 513307₹1 Cr
Profit growthfastest growers
1Belding India Ltd 513307100%
Net profit · company comparison
3/5 level · 3/5 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Hindalco Industries Ltd HINDALCO₹2.6K Cr-51%Mar 2026
National Aluminium Company Ltd NATIONALUM₹2.0K Cr91%Jun 2026
ANB Metal Cast Ltd AMCL₹13 Cr225%Mar 2026
Synthiko Foils Ltd SYNTHFO₹-1 Cr-4,167%Dec 2025
Belding India Ltd 513307₹-4 Cr-277%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

ANB Metal Cast Ltd · AMCL

₹6 Cr
₹4 Cr
₹8 Cr
₹13 Cr

Belding India Ltd · 513307

₹0 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹2 Cr
₹-0 Cr
₹-1 Cr
₹-5 Cr
₹-4 Cr

Hindalco Industries Ltd · HINDALCO

₹3.4K Cr
₹3.7K Cr
₹3.9K Cr
₹4.1K Cr
₹2.2K Cr
₹1.4K Cr
₹2.4K Cr
₹2.5K Cr
₹2.2K Cr
₹2.3K Cr
₹3.2K Cr
₹3.1K Cr
₹3.9K Cr
₹3.7K Cr
₹5.3K Cr
₹4.0K Cr
₹4.7K Cr
₹2.0K Cr
₹2.6K Cr

National Aluminium Company Ltd · NATIONALUM

₹748 Cr
₹831 Cr
₹1.0K Cr
₹558 Cr
₹125 Cr
₹256 Cr
₹495 Cr
₹334 Cr
₹187 Cr
₹471 Cr
₹997 Cr
₹588 Cr
₹1.0K Cr
₹1.6K Cr
₹2.1K Cr
₹1.0K Cr
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹2.0K Cr

Synthiko Foils Ltd · SYNTHFO

₹0 Cr
₹-0 Cr
₹-1 Cr

Profit growth · reported quarter history

ANB Metal Cast Ltd · AMCL

33%
225%

Belding India Ltd · 513307

57%
11%
-91%
0.0%
-230%
609%
-300%
-4,167%
-277%

Hindalco Industries Ltd · HINDALCO

48%
-35%
-63%
-37%
-40%
-0.4%
71%
32%
25%
78%
60%
66%
30%
21%
-45%
-51%

National Aluminium Company Ltd · NATIONALUM

61%
-83%
-69%
-52%
-40%
50%
84%
101%
76%
459%
232%
107%
78%
37%
1.9%
-17%
91%

Synthiko Foils Ltd · SYNTHFO

-4,167%
09 · compare level, then change

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 Jun 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.

LeaderNational Aluminium Company Ltd · 39.6%
Gap33.8% versus #2 · ANB Metal Cast Ltd
Persistence7/8 recent comparable periods
Coverage4/5 companies · 31 observations

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.

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
2ANB Metal Cast Ltd AMCL30%
4Belding India Ltd 5133070.5%
ROCE changefastest improvers
1ANB Metal Cast Ltd AMCL0.0 pp
2Hindalco Industries Ltd HINDALCO−0.8 pp
3National Aluminium Company Ltd NATIONALUM−4.6 pp
4Belding India Ltd 513307−5.7 pp
Return on capital · company comparison
4/5 level · 4/5 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
National Aluminium Company Ltd NATIONALUM31%−4.6 ppJun 2026
Hindalco Industries Ltd HINDALCO12%−0.8 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Hindalco Industries Ltd · HINDALCO

13%
15%
14%
9.9%
9.2%
8.1%
10%
9.9%
11%
12%
13%
13%
14%
12%
12%
12%

National Aluminium Company Ltd · NATIONALUM

18%
28%
24%
13%
11%
13%
13%
20%
21%
35%
36%
44%
37%
43%
31%

ROCE change · reported quarter history

Hindalco Industries Ltd · HINDALCO

+0.4 pp
−5.3 pp
−5.6 pp
0.0 pp
+2.2 pp
+3.4 pp
+3.1 pp
+2.7 pp
+2.8 pp
+0.6 pp
−0.9 pp
−0.8 pp

National Aluminium Company Ltd · NATIONALUM

+5.6 pp
−15.4 pp
−13.2 pp
+0.8 pp
+10.5 pp
+22.4 pp
+22.2 pp
+23.8 pp
+15.6 pp
+7.6 pp
−4.6 pp
10 · compare level, then change

Valuation Against Growth & Quality

National Aluminium Company Ltd has the lowest 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 9.52×. 2 of 5 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 4 reported observations across the 20-quarter window.

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

LeaderNational Aluminium Company Ltd · 0.19×
Gap66.7% versus #2 · Hindalco Industries Ltd
Persistence0/8 recent comparable periods
Coverage2/5 companies · 12 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
3ANB Metal Cast Ltd AMCL20.6
4Synthiko Foils Ltd SYNTHFO · older report10,347.0
Valuation · company comparison
2/5 level · 4/5 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Hindalco Industries Ltd HINDALCO0.611.2Mar 2026
National Aluminium Company Ltd NATIONALUM0.210.5Jun 2026
Belding India Ltd 513307509.1Jun 2026
ANB Metal Cast Ltd AMCL34.8Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Hindalco Industries Ltd · HINDALCO

0.1
0.6
0.5
0.2
0.2
0.3
0.2
0.6

National Aluminium Company Ltd · NATIONALUM

0.7
1.2
0.3
0.2

P/E · reported quarter history

ANB Metal Cast Ltd · AMCL

22.8
34.8

Belding India Ltd · 513307

639.1
509.1

Hindalco Industries Ltd · HINDALCO

16.2
11.0
12.5
5.4
5.8
7.7
7.8
9.4
13.1
16.4
13.4
15.4
15.3
10.6
10.6
9.4
9.7
10.9
11.2

National Aluminium Company Ltd · NATIONALUM

10.0
8.2
7.8
4.3
4.1
5.8
7.3
10.5
14.8
19.0
18.9
20.5
19.7
14.1
8.3
6.7
6.4
9.2
11.1
10.5
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Aluminium comparison names 6 specific ways its own evidence can mislead, all listed below. 1 of the 5 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

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.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

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 Jun 2026 and market data through 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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 standing2 cross-checked · 3 unverified · 0 withheld, of 5 graded companies.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Aluminium company comparison FAQs

These 23 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 Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Aluminium sector outperforming NIFTY 500?

Aluminium has outperformed NIFTY 500 by 123.1% over 52 weeks and 20% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.

Which Aluminium company is largest by revenue?

Hindalco Industries Ltd leads with revenue of ₹2,74,944 crore, based on 3 of 5 comparable companies through Mar 2026.

Which Aluminium company is growing fastest?

Hindalco Industries Ltd has the fastest current revenue growth at 15.3%, across 3 of 5 comparable companies.

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

National Aluminium Company Ltd ranks first at 72.7/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Aluminium company has the lowest comparable PEG?

National Aluminium Company Ltd has the lowest comparable PEG at 0.19, among 2 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Aluminium comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

What is the Nifty Aluminium index?

The Nifty Aluminium index tracks India's listed Aluminium companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Aluminium sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Aluminium stocks in India?

Ranked by this page's four-factor score, National Aluminium Company Ltd places first among 5 listed Aluminium companies, followed by Hindalco 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 stocks are listed in India?

This comparison covers 5 listed Aluminium 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 company is the biggest?

Hindalco Industries Ltd is the largest, with trailing-twelve-month revenue of ₹2,74,944 crore, ahead of National Aluminium Company Ltd at ₹19,338 crore. That covers 3 of 5 companies with comparable reporting through Mar 2026.

Which Aluminium company has the best profit margins?

National Aluminium Company Ltd has the highest operating margin at 51%, from 3 of 5 comparable companies. National Aluminium Company Ltd shows the biggest recent improvement, at +12 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Aluminium company makes the most profit?

Hindalco Industries Ltd earns the most, at ₹13,391 crore of trailing-twelve-month net profit, from 3 of 5 comparable companies. Belding India Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Aluminium company earns the highest return on capital?

National Aluminium Company Ltd leads on return on capital employed at 39.6%, across 4 of 5 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 stock is the cheapest?

On PEG — where a LOWER number is cheaper — National Aluminium Company Ltd screens cheapest at 0.19×. Only 2 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Aluminium sector beating the market?

Aluminium has outperformed NIFTY 500 by 123.1% over the last 52 weeks and 20% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Aluminium stock has the strongest price momentum?

Synthiko Foils 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 company scores highest for research priority?

National Aluminium Company Ltd scores 72.7 out of 100 with 97% evidence confidence, from 18 points on growth and earnings, 19.4 on capital efficiency, 16 on valuation and 19.3 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 companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals, 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 sector?

The 5 Aluminium companies on this page carry ₹2,87,655 crore of combined market value. Hindalco Industries Ltd is the largest at ₹2,18,981 crore, about 76% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Aluminium sector performing?

3 of the 4 covered Aluminium companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 123.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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