
3 Air Compressors Maker, Dairy Products Company and Aluminium and Copper Producer Stocks With a Strong Future Roadmap: Elgi Equipments, Heritage Foods and Hindalco Industries
Elgi Equipments, Heritage Foods and Hindalco Industries: ROE of 10.1% to 19.3% and FY22 to FY26 revenue CAGR of 9.1% to 14.0%. Prices as of 5 Nov 2026.
Updated: 6 Nov 2026 • 10:40 am
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Quick Answer
The three compressor, dairy and aluminium stocks to watch are Elgi Equipments, Heritage Foods and Hindalco Industries. Their return on equity ranges from 10.1% to 19.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.1% to 14.0%. Elgi Equipments has the highest return on equity at 19.3%, while Heritage Foods has the fastest revenue growth at 14.0% a year. Prices are based on the 5 November 2026 close, and this article is educational, not investment advice.
Compressor, dairy and aluminium stocks bring together companies with a visible plan for the years ahead. Elgi Equipments, Heritage Foods and Hindalco Industries cover an air compressors maker, a dairy products company and an aluminium and copper producer.
This list covers three compressor, dairy and aluminium stocks with complete current figures: Elgi Equipments, Heritage Foods and Hindalco Industries. Every figure comes from the latest reported financials and the 5 November 2026 market close. Companies without complete current figures were left out.
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What Are Compressor, Dairy and Aluminium Stocks?
Compressor, dairy and aluminium stocks are listed companies that make air compressors and related equipment, process and sell milk and dairy products, and produce aluminium, copper and specialty materials. Their earnings depend on industrial investment, consumer food demand and metal prices.
Compressor, Dairy and Aluminium Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Elgi Equipments | 547.1 | 17,259 | 38.5 | 44.4 | 19.3 | 0.24 |
| Heritage Foods | 377.35 | 3,237 | 28.3 | 32.6 | 10.1 | 0.34 |
| Hindalco Industries | 937.85 | 202,250 | 12.3 | 11.6 | 12.8 | 0.73 |
On valuation, Elgi Equipments and Heritage Foods trade at a P/E below the industry P/E, while Hindalco Industries trades above it, which reflects the growth the market already expects. Readers comparing compressor, dairy and aluminium stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Compressor, Dairy and Aluminium Stocks Have a Strong Roadmap in India?
Compressor, dairy and aluminium stocks have a strong roadmap in India because expanding factory activity, growing demand for packaged dairy and wider use of aluminium in vehicles, packaging and power networks keep widening the market for these companies.
- Compressors. Factories need compressed air for many processes.
- Dairy. Households buy more packaged milk products.
- Aluminium and copper. Power and mobility need light metals.
Why Elgi Equipments Features Among These Compressor, Dairy and Aluminium Stocks
Among the compressor, dairy and aluminium stocks on this list, Elgi Equipments, based in Coimbatore, is a major manufacturer of air compressors for industrial customers, selling in India and in international markets through its own subsidiaries.
The company has a return on equity of 19.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 17,259 crore. The stock trades at a P/E of 38.5, below the industry P/E of 44.4.
Revenue rose from Rs 2,580 crore in FY22 to Rs 4,068 crore in FY26, a compound annual growth rate of 12.1%. Net profit grew from Rs 178 crore in FY22 to Rs 430 crore in FY26, which works out to a compound annual growth rate of 24.6%. In the June 2026 quarter, revenue grew 22.1% year on year to Rs 1,083 crore, while net profit rose 20.7% to Rs 103 crore.
Roadmap: The company is growing its oil-free and energy-efficient compressor range and building a service-led annuity through spares and aftermarket support. International units add geographic spread, and automation in manufacturing improves efficiency.
What to watch: Follow industrial capital spending trends and the contribution of international subsidiaries.
Why Heritage Foods Features Among These Compressor, Dairy and Aluminium Stocks
Among the air equipment, milk and metal shares on this list, Heritage Foods is a Hyderabad-based dairy company that sells milk, curd, paneer, ghee and other value-added products under the Heritage brand, and it also runs a retail business.
Revenue rose from Rs 2,693 crore in FY22 to Rs 4,550 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 96.5 crore in FY22 to Rs 150 crore in FY26, which works out to a compound annual growth rate of 11.7%.
The company has a return on equity of 10.1%, a debt to equity ratio of 0.34 and a market capitalisation of Rs 3,237 crore. The stock trades at a P/E of 28.3, below the industry P/E of 32.6.
Roadmap: The company is expanding its value-added dairy range and widening its reach in newer states. A strong procurement network with farmers supports steady supply.
What to watch: Follow milk procurement costs, growth in value-added products and expansion into new regions.
Why Hindalco Industries Features Among These Compressor, Dairy and Aluminium Stocks
Among the three companies on this list, Hindalco Industries is a metals leader with aluminium, copper and speciality alumina businesses, and it owns Novelis, one of the world's largest aluminium rolling and recycling companies.
In the June 2026 quarter, revenue grew 32.5% year on year to Rs 85,882 crore, while net profit rose 75.1% to Rs 7,013 crore. Revenue rose from Rs 196,195 crore in FY22 to Rs 277,833 crore in FY26, a compound annual growth rate of 9.1%.
Net profit grew from Rs 10,097 crore in FY23 to Rs 13,391 crore in FY26, which works out to a compound annual growth rate of 9.9%. The company has a return on equity of 12.8%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 202,250 crore. The stock trades at a P/E of 12.3, above the industry P/E of 11.6.
Roadmap: The company is investing in aluminium downstream products, copper and battery foil, and Novelis is expanding capacity for beverage cans and automotive aluminium. A mix of upstream and downstream operations spreads exposure across the aluminium chain.
What to watch: Monitor aluminium and copper price trends and the progress of its major capex projects.
Elgi Equipments vs Heritage Foods vs Hindalco Industries on Key Financials
The table below sets the three compressor, dairy and aluminium stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Elgi Equipments | 2,580 | 4,068 | 12.1% | 430 | 10.6% |
| Heritage Foods | 2,693 | 4,550 | 14.0% | 150 | 3.3% |
| Hindalco Industries | 196,195 | 277,833 | 9.1% | 13,391 | 4.8% |
Elgi Equipments posts the highest return on equity in this group at 19.3%. Hindalco Industries has the largest FY26 revenue at Rs 277,833 crore, and Heritage Foods shows the fastest revenue growth with a 14.0% compound annual rate. A useful habit with compressor, dairy and aluminium stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Compressor, Dairy and Aluminium Stocks
Every theme carries risks that deserve a check before any decision. For these compressor, dairy and aluminium stocks, the main points are: Long-term air equipment, milk and metal shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Capital spending cycles. Customer investment in plants and equipment can vary.
- Commodity prices. Selling prices follow global and domestic markets.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter compressor, dairy and aluminium stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Compressor, Dairy and Aluminium Stocks
Compressor, dairy and aluminium stocks suit investors who prefer to study business strength before price moves. Elgi Equipments, Heritage Foods and Hindalco Industries each have a clear plan to grow. Based on the 5 November 2026 close, Elgi Equipments trades at Rs 547.1, Heritage Foods at Rs 377.35 and Hindalco Industries at Rs 937.85.
Download the Univest iOS App or Univest Android App to track compressor, dairy and aluminium stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are compressor, dairy and aluminium stocks?
Ans. Compressor, dairy and aluminium stocks are listed companies that make air compressors and related equipment, process and sell milk and dairy products, and produce aluminium, copper and specialty materials. Their earnings depend on industrial investment, consumer food demand and metal prices. This list looks at three of them, Elgi Equipments, Heritage Foods and Hindalco Industries, using reported FY22 to FY26 financials and the 5 November 2026 closing prices.
Which compressor, dairy and aluminium stocks are covered in this list?
Ans. This list covers Elgi Equipments, Heritage Foods and Hindalco Industries. Based on the 5 November 2026 close, Elgi Equipments traded at Rs 547.1, Heritage Foods at Rs 377.35 and Hindalco Industries at Rs 937.85. Their return on equity ranges from 10.1% to 19.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.1% to 14.0%.
Why do compressor, dairy and aluminium stocks have a strong future roadmap in India?
Ans. Compressor, dairy and aluminium stocks have a strong roadmap in India because expanding factory activity, growing demand for packaged dairy and wider use of aluminium in vehicles, packaging and power networks keep widening the market for these companies. The main drivers are as follows. Compressors. Factories need compressed air for many processes. Dairy. Households buy more packaged milk products. Aluminium and copper. Power and mobility need light metals. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Elgi Equipments performed financially?
Ans. Revenue rose from Rs 2,580 crore in FY22 to Rs 4,068 crore in FY26, a compound annual growth rate of 12.1%. Net profit grew from Rs 178 crore in FY22 to Rs 430 crore in FY26, which works out to a compound annual growth rate of 24.6%. In the June 2026 quarter, revenue grew 22.1% year on year to Rs 1,083 crore, while net profit rose 20.7% to Rs 103 crore. The company has a return on equity of 19.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 17,259 crore. The stock trades at a P/E of 38.5, below the industry P/E of 44.4. Looking ahead, the company is growing its oil-free and energy-efficient compressor range and building a service-led annuity through spares and aftermarket support. International units add geographic spread, and automation in manufacturing improves efficiency.
How has Heritage Foods performed financially?
Ans. Revenue rose from Rs 2,693 crore in FY22 to Rs 4,550 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 96.5 crore in FY22 to Rs 150 crore in FY26, which works out to a compound annual growth rate of 11.7%. The company has a return on equity of 10.1%, a debt to equity ratio of 0.34 and a market capitalisation of Rs 3,237 crore. The stock trades at a P/E of 28.3, below the industry P/E of 32.6. Looking ahead, the company is expanding its value-added dairy range and widening its reach in newer states. A strong procurement network with farmers supports steady supply.
How has Hindalco Industries performed financially?
Ans. Revenue rose from Rs 196,195 crore in FY22 to Rs 277,833 crore in FY26, a compound annual growth rate of 9.1%. Net profit grew from Rs 10,097 crore in FY23 to Rs 13,391 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 85,882 crore, while net profit rose 75.1% to Rs 7,013 crore. The company has a return on equity of 12.8%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 202,250 crore. The stock trades at a P/E of 12.3, above the industry P/E of 11.6. Looking ahead, the company is investing in aluminium downstream products, copper and battery foil, and Novelis is expanding capacity for beverage cans and automotive aluminium. A mix of upstream and downstream operations spreads exposure across the aluminium chain.
What risks should investors check before buying compressor, dairy and aluminium stocks?
Ans. Investors should check a few risks before buying compressor, dairy and aluminium stocks. Capital spending cycles. Customer investment in plants and equipment can vary. Commodity prices. Selling prices follow global and domestic markets. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of compressor, dairy and aluminium stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 5 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
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