Hindalco Industries vs National Aluminium: share price, P/E, ROE and financials compared
Hindalco Industries
National Aluminium Co.
Hindalco Industries and National Aluminium at a glance
Hindalco Industries and National Aluminium are both listed in Metals & Mining. Hindalco Industries is the larger by market cap, at ₹2.1L Cr against ₹59,828 Cr for National Aluminium (3.6 times as large). On valuation, Hindalco Industries has the lower price-to-book (1.56× against 2.40×), while National Aluminium has the lower P/E (8.4× against 13.0×). On returns and margins, National Aluminium has the higher ROCE (33.3% against 9.4%), the higher ROE (32.0% against 10.3%) and the higher operating margin (43.8% against 10.8%). Over three years, National Aluminium has faster 3-year sales growth (+7.8% against +7.1% a year) and faster 3-year profit growth (+59.3% against +9.9% a year). National Aluminium carries less debt for its equity, with a debt-to-equity of 0.00× against 0.73×.
Key metrics, side by side
| Metric | Hindalco IndustriesHINDALCO | National AluminiumNATIONALUM |
|---|---|---|
| Price (₹) | 958.40 | 325.75 |
| Market cap (₹ Cr) | 2,14,331 | 59,828 |
| P/E | 13.0× | 8.4× (the lower figure, shaded) |
| P/B | 1.56× (the lower figure, shaded) | 2.40× |
| Dividend yield, trailing | 0.52% | 3.53% (the higher figure, shaded) |
| ROE | 10.3% | 32.0% (the higher figure, shaded) |
| ROCE | 9.4% | 33.3% (the higher figure, shaded) |
| Operating margin (OPM) | 10.8% | 43.8% (the higher figure, shaded) |
| Net margin (NPM) | 5.5% | 35.0% (the higher figure, shaded) |
| Sales CAGR 3Y | +7.1% | +7.8% (the higher figure, shaded) |
| Profit CAGR 3Y | +9.9% | +59.3% (the higher figure, shaded) |
| Debt to equity | 0.73× | 0.00× (the lower figure, shaded) |
| Interest cover | 6.6× | 341.3× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 16,400 | 6,751 |
| 1Y return | +12.8% | +41.9% (the higher figure, shaded) |
| Promoter holding | – | 51.28% |
Hindalco Industries vs National Aluminium: common questions
Which is bigger, Hindalco Industries or National Aluminium?
By market cap, Hindalco Industries is bigger at ₹2.1L Cr, against ₹59,828 Cr for National Aluminium (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹16,400 Cr for Hindalco Industries and ₹6,751 Cr for National Aluminium.
Which has a lower P/E ratio, Hindalco Industries or National Aluminium?
Hindalco Industries trades at a P/E of 13.0× and National Aluminium at 8.4×. National Aluminium has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Hindalco Industries or National Aluminium?
Hindalco Industries reports a return on equity of 10.3% and National Aluminium 32.0%. National Aluminium has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Hindalco Industries or National Aluminium?
Over the last three years: Sales grew +7.1% a year at Hindalco Industries and +7.8% at National Aluminium, so National Aluminium grew sales faster; profit grew +9.9% a year at Hindalco Industries and +59.3% at National Aluminium, so National Aluminium grew profit faster. Past growth doesn’t predict future growth.