Stocks from the aluminium sector are in the limelight, due to a worldwide supply shortage of aluminium. The price of aluminium has risen above US$ 2,850 per tonne on the London Metal Exchange (LME).
Due to the tight supply, price rallies have been sustained, and in 2025, aluminium prices reached all-time highs.
The metal plays a vital role in industries like automotive, construction, packaging, and renewable energy. Aluminium consumption has increased, especially by the rise in the production of electric vehicles and renewable energy sources.
Here are some of the top aluminium stocks in India. We have based these on past track record of the companies, and highest revenues in 2024-25.
This list is not exhaustive and includes firms in ancillary products like foils and aluminium powders.
Aluminium Stocks in India
| Name of Company | Current Market Price As of 24 October 2025 |
| Hindalco | Rs 821.65 |
| Vedanta | Rs 495 |
| NALCO | Rs 235.85 |
| Manaksia Aluminium | Rs 28.2 |
| PG Foils | Rs 208.10 |
| Synthiko Foils | Rs 652.50 |
| MMP Industries | Rs 266.40 |
| Alicon Castalloy | Rs 862 |
| Baheti Recycling | Rs 590.3 |
Let us now take a look at some of the top 3 players in the space.
#1 Hindalco
Hindalco Industries serves as the metals flagship of the Aditya Birla Group.
With a robust revenue base of US$ 28 billion (bn), it stands as one of the world’s largest aluminium companies.
It’s also a significant international force in copper and specialty alumina.
Operating across 10 countries and managing 48 manufacturing facilities, it’s a fully integrated entity, spanning the entire spectrum from mining to finished products.
Through its subsidiary Novelis, it holds a leading position globally in flat-rolled aluminium products. Additionally, it ranks as the largest copper producer in India.
Hindalco Industries Financial Snapshot (FY23-25)
| Rs m | FY22-23 | FY 23-24 | FY24-25 |
| Net Sales | 2,232,020 | 2,159,620 | 2,384,960 |
| Sales Growth % | 14.4 | -3.3 | 10.4 |
| Net Profit | 100,970 | 101,550 | 160,020 |
| ROCE | 11.5 | 11.6 | 14.3 |
Source: Equitymaster
On the financial front, the company has reported a compounded sales growth of 6.9% over three years, while the compounded profit growth over the same period has been 4.1%.
The company is likely to be a big beneficiary of rising aluminium prices going forward.
#2 Vedanta
Next on our list is Vedanta Ltd, whose subsidiary Vedanta Aluminium is among the world’s top aluminium producers and holds the distinction of being India’s largest aluminium producer.
In FY25, the company accounted for over half of India’s aluminium output, achieving a production milestone of 2.42 million (m) tonnes.
With extensive expertise in metal manufacturing and value addition, the company employs cutting-edge technologies to deliver superior-quality products and offer a robust ecosystem that supports our customers in navigating their evolving business needs.
Recognised globally as one of the preferred suppliers for premium aluminium products and alloys, the company’s offerings cater to critical industries such as aerospace, aviation, defence, transportation, electricity distribution, and packaging.
Additionally, Vedanta Aluminium supports emerging sectors like electric vehicles, renewable energy, and more. Through its state-of-the-art capabilities, it remains committed to driving innovative applications of aluminium to contribute to a greener, more sustainable future.
Vedanta Financial Snapshot (FY23-25)
| Rs m | FY22-23 | FY 23-24 | FY24-25 |
| Net Sales | 1,473,080 | 1,437,270 | 1,529,680 |
| Sales Growth % | 11.0 | -2.4 | 6.4 |
| Net Profit | 145,060 | 75,390 | 205,350 |
| ROCE | 32.0 | 36.8 | 39.3 |
Source: Equitymaster
On the financial front, Vedanta Ltd reported a compounded sales growth of 4.8% over three years, while the compounded profit growth over the same period has been -4.7%.
Vedanta Ltd is likely to be a big beneficiary of rising aluminium prices going forward, due to the presence of its subsidiary in the aluminium space.
#3 NALCO
National Aluminium Company (NALCO), a prestigious ‘Navratna’ company ranks among the nation’s leading complexes specialising in bauxite mining, alumina production, aluminium manufacturing, and power generation.
The company operates its own Panchpatmali Bauxite Mines to supply the pit-head alumina refinery situated at Damanjodi in the Koraput district. Additionally, it manages an aluminium smelter, captive power plant, and captive coal mines located in Angul, Odisha.
NALCO’s infrastructure includes a 6.825 million tonnes per annum (TPA) capacity bauxite mine and a 2.1 million TPA (normative capacity) alumina refinery at Damanjodi.
NALCO Financial Snapshot (FY23-25)
| Rs m | FY22-23 | FY 23-24 | FY24-25 |
| Net Sales | 142,569 | 131,492 | 167,876 |
| Sales Growth % | 0.3 | -7.8 | 27.7 |
| Net Profit | 14,347 | 19,885 | 52,679 |
| ROCE | 14.2 | 19.0 | 40.1 |
Source: Equitymaster
In FY25, NALCO achieved its highest ever net profit of Rs 52,679 m, a robust increase of 158% year-on-year (YoY) and highest ever revenue from operations of Rs 167,876 m, a 28% YoY growth.
NALCO also achieved the highest-ever annual bauxite excavation, net-power generation, and domestic aluminium sales in FY25.
Will Aluminium Stocks Continue to Rally?
This depends on a host of factors including short-term price volatility, geopolitical issues, tariff changes, or currency fluctuations.
Aluminium companies in India are well positioned in 2025 and 2026, supported by robust demand, supply tightness, and favourable industry trends.
However, investors should be cautious when analysing these stocks.
Happy investing.
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