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.
How has Aluminium Products 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 60% ahead of NIFTY 500. Earnings across its companies fell 1% on average over the last four reported quarters.
RS — · 2/4 >200d (+0) · 2/4 lead (−1) · EPS 2/3↑
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.
Is Aluminium Products outperforming NIFTY 500?
Aluminium Products has outperformed NIFTY 500 by 29.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 0%. 2 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 +13.9%. Readings are as of 2026-07-19.
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
Aluminium Products has outperformed NIFTY 500 by 29.1% over 52 weeks and 0% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself. Manaksia Coated Metals & Industries Ltd leads with revenue of ₹896 crore, based on 3 of 4 comparable companies through Jun 2026.
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.
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.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Arfin India LtdARFIN | 62.8/100Mixed-positive evidence73% evidence | FADING | 26.0/35 Revenue 0.4% · PAT 68.7% · OPM change 4.2 pp 83% evidence | 12.8/25 ROCE 14.8% · OPM 8.4% 95% evidence | 10.0/20 P/E 98× · PEG — 0% evidence | 14.0/20 RS sector 13.9% · RS bench 24.4% · 1Y 165.5%7 of 12 weeks ahead 100% evidence |
| Exact sum: 26 + 12.8 + 10 + 14 = 62.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2MMP Industries LtdMMP | 47.9/100Mixed-negative evidence80% evidence | LEADER | 15.9/35 Revenue 19.1% · PAT -20.5% · OPM change 1 pp 83% evidence | 9.6/25 ROCE 12.5% · OPM 9% 95% evidence | 8.2/20 P/E 19.3× · PEG — 35% evidence | 14.2/20 RS sector -1.4% · RS bench 10.6% · 1Y 7.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 15.9 + 9.6 + 8.2 + 14.2 = 47.9 · Decision use: Price leads the evidence: RS versus the benchmark is 10.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 3Manaksia Coated Metals & Industries LtdMANAKCOAT | 47.3/100Mixed-negative evidence71% evidence | TURNING | 18.2/35 Revenue 6.9% · PAT 53.9% · OPM change 1 pp 95% evidence | 16.1/25 ROCE 19.9% · OPM 11% 95% evidence | 10.0/20 P/E 31.4× · PEG — 0% evidence | 3.0/20 RS sector -24.3% · RS bench -6.4% · 1Y -25.3%3 of 10 weeks ahead 70% evidence |
| Exact sum: 18.2 + 16.1 + 10 + 3 = 47.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Maan Aluminium LtdMAANALU | 36.5/100Thin evidence · provisional38% evidence | ASLEEP | 15.6/35 Revenue — · PAT — · OPM change -2.5 pp 11% evidence | 6.3/25 ROCE 4.4% · OPM 0.6% 80% evidence | 10.0/20 P/E 968× · PEG — 0% evidence | 4.6/20 RS sector -3.2% · RS bench -9.9% · 1Y 2.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 15.6 + 6.3 + 10 + 4.6 = 36.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Market action
Arfin India Ltd has the strongest one-year price move in Aluminium Products at +165.5%. It also leads on Mansfield relative strength against NIFTY at +24.4%. 2 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
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.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Aluminium Products itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
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.
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.
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.
| 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
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
Revenue growth · reported quarter history
Arfin India Ltd · ARFIN⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
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.
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.
All-company data · latest reported quarter
| 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
Maan Aluminium Ltd · MAANALU⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
Margin change · reported quarter history
Arfin India Ltd · ARFIN⚠ unverified
Maan Aluminium Ltd · MAANALU⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
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.
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.
All-company data · latest reported quarter
| 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
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
Profit growth · reported quarter history
Arfin India Ltd · ARFIN⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
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.
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.
All-company data · latest reported quarter
| 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
Maan Aluminium Ltd · MAANALU⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
ROCE change · reported quarter history
Arfin India Ltd · ARFIN⚠ unverified
Maan Aluminium Ltd · MAANALU⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
Valuation Against Growth & Quality
No company in this Aluminium Products comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, MMP Industries Ltd is lowest at 19.3×, 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 peg leader.
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.
All-company data · latest reported quarter
| Company | 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 peg.
P/E · reported quarter history
Arfin India Ltd · ARFIN⚠ unverified
Maan Aluminium Ltd · MAANALU⚠ unverified
Manaksia Coated Metals & Industries Ltd · MANAKCOAT⚠ unverified
MMP Industries Ltd · MMP⚠ unverified
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. 1 of the 5 ranked sections has 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: Valuation have fewer than three usable current readings.
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 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
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.
Aluminium Products company comparison FAQs
These 21 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Aluminium Products sector outperforming NIFTY 500?
Aluminium Products has outperformed NIFTY 500 by 29.1% over 52 weeks and 0% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself.
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 62.8/100 with 72.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.
How much history does this Aluminium Products 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 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 MMP 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 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.
Is the Aluminium Products sector beating the market?
Aluminium Products has outperformed NIFTY 500 by 29.1% over the last 52 weeks and 0% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
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 62.8 out of 100 with 72.8% evidence confidence, from 26 points on growth and earnings, 12.8 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, 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 ₹4,273 crore of combined market value. Arfin India Ltd is the largest at ₹1,515 crore, about 35% 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 Products sector performing?
2 of the 4 covered Aluminium Products companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 29.1% 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.