India is the world’s fourth largest aluminum producer, accounting for around 5.3% of global aluminum output. India’s aluminum market is expected to have greater scope in the coming years. The primary drivers driving market expansion are increasing infrastructure development and vehicle manufacturing.
According to the report, the Global Aluminium Market reached US$ 152.2 billion in 2022 and is predicted to reach US$ 233.3 billion by 2030, rising at a CAGR of 5.5 percent between 2023 and 2030.
Here are three Aluminium stocks under Rs 100
Maan Aluminium Ltd
Maan Aluminium Ltd shares closed at Rs 88.80 a share on Friday, up 0.35 percent from the previous close price of Rs 87.50 a share.
In the recent fiscal year, the Company’s margin ratios have increased, with an operating margin of 8.84 percent and a net profit margin of 6.14 percent.
The Company’s return on equity increased from 26.04 percent in FY22 to 38.35 percent in FY23, while the return on capital employed rose from 37.95 percent to 53.32 percent during the same period.
The company’s revenue climbed by 17 percent year on year, rising from Rs 173 crore in Q1FY23 to Rs 207 crore in Q1FY24. During the same time period, net profit increased by 25 percent from Rs 8 crore to Rs 10 crore.
In the last six months, the stock has increased by 93 percent, and a multibagger return of 109 percent in a year.
Maan Aluminium Limited is engaged in the business of manufacturing & trading aluminum profiles, aluminum ingots, and aluminum billets.
Hardwyn India Ltd
Hardwyn India shares closed at Rs 37.95 a share on Friday, up 0.66 percent from the previous close price of Rs 37.70 a share.
In the recent fiscal year, the Company’s margin ratios have increased, with an operating margin of 10.89 percent and a net profit margin of 7.22 percent.
The company’s revenue climbed by 8 percent year on year, rising from Rs 25 crore in Q1FY23 to Rs 27 crore in Q1FY24. During the same time period, net profit increased by 15 percent from Rs 0.87 crore to Rs 1 crore.
In the last six months, the stock has increased by 45 percent, and a return of 39 percent in a year.
Hardwyn India Ltd. is a producer of architectural hardware and glass fittings that offers comprehensive solutions for residential and commercial projects.
National Aluminium Company Ltd
National Aluminium Company shares closed at Rs 94.95 a share on Friday, up 0.58 percent from the previous close price of Rs 94.40 a share.
In the recent fiscal year, the Company’s margin ratios have increased, with an operating margin of 13.80 percent and a net profit margin of 10.83 percent. Similarly, The Company’s reported return on equity increased at 10.92 percent and return on capital employed at 13.34 percent.
The company’s revenue declined by 16 percent year on year, rising from Rs 3,783 crore in Q1FY23 to Rs 3,178 crore in Q1FY24. During the same time period, net profit decreased by 40 percent from Rs 578 crore to Rs 349 crore.
In the last six months, the stock has increased by 20 percent, and a return of 30 percent in a year.
National Aluminium Company Limited (NALCO) is Asia’s biggest integrated aluminium complex, involving bauxite mining, alumina refining, aluminium smelting and casting, power generating, rail and port activities.
Written by Omkar Chitnis
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