3 Integrated Aluminium Producer, Domestic Copper Miner and Bimetal Contacts Maker Stocks With a Strong Future Roadmap: National Aluminium Company, Hindustan Copper and Shivalik Bimetal

National Aluminium Company, Hindustan Copper and Shivalik Bimetal: ROE of 19.9% to 27.5% and FY22 to FY26 revenue CAGR of 6.3% to 15.3%. Prices as of 27 Oct 2026.

Updated: 29 Oct 2026 • 12:19 pm

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3 Integrated Aluminium Producer, Domestic Copper Miner and Bimetal Contacts Maker Stocks With a Strong Future Roadmap: National Aluminium Company, Hindustan Copper and Shivalik Bimetal

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The three aluminium, copper and bimetal stocks to watch are National Aluminium Company, Hindustan Copper and Shivalik Bimetal. Their return on equity ranges from 19.9% to 27.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.3% to 15.3%. Hindustan Copper has the highest return on equity at 27.5%, while Shivalik Bimetal has the fastest revenue growth at 15.3% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.

Aluminium, copper and bimetal stocks let investors follow companies that serve a growing part of the Indian economy. National Aluminium Company, Hindustan Copper and Shivalik Bimetal cover an integrated aluminium producer, a domestic copper miner and a bimetal contacts maker.

This list covers three aluminium, copper and bimetal stocks with complete current figures: National Aluminium Company, Hindustan Copper and Shivalik Bimetal. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Aluminium, Copper and Bimetal Stocks?

Aluminium, copper and bimetal stocks are listed companies that mine bauxite and produce aluminium, mine and process copper ore and make bimetal strips and contact parts for appliances and electrical equipment. Their earnings depend on volumes, metal prices and industrial demand.

Aluminium, Copper and Bimetal Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
National Aluminium Company	323.5	58,387	8.7	11.6	26.8	0.00
Hindustan Copper	409.15	42,675	37.6	11.6	27.5	0.03
Shivalik Bimetal	1,039.1	5,383	50.7	11.3	19.9	0.13

On valuation, National Aluminium Company trades at a P/E below the industry P/E, while Hindustan Copper and Shivalik Bimetal trade above it, which reflects the growth the market already expects. Readers comparing aluminium, copper and bimetal stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Aluminium, Copper and Bimetal Stocks Have a Strong Roadmap in India?

Aluminium, copper and bimetal stocks have a strong roadmap in India because rising use of aluminium and copper in power networks, vehicles and electronics, along with growth in electrical equipment output, keeps widening the market for these metal and component companies.

Power networks. Copper and aluminium carry rising electricity loads.
Integrated supply. Mines and refineries support steady output.
Electrical parts. Appliance makers need contacts and strips.

Why National Aluminium Company Features Among These Aluminium, Copper and Bimetal Stocks

Among the aluminium, copper and bimetal stocks on this list, National Aluminium Company, known as NALCO, is a public sector firm that mines bauxite, refines alumina and produces aluminium, with captive power generation in Odisha.

Revenue rose from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%. Net profit grew from Rs 2,951 crore in FY22 to Rs 5,797 crore in FY26, which works out to a compound annual growth rate of 18.4%.

In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit rose 90.9% to Rs 2,003 crore. The company has a return on equity of 26.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 58,387 crore. The stock trades at a P/E of 8.7, below the industry P/E of 11.6.

Roadmap: The company is one of the lowest-cost integrated aluminium producers and plans to expand its mine, refinery and smelter capacity. A debt-free balance sheet and strong cash flows support these investments.

What to watch: Follow aluminium and alumina price trends and the pace of its expansion projects.

Why Hindustan Copper Features Among These Aluminium, Copper and Bimetal Stocks

Among the non-ferrous metal and electrical contact shares on this list, Hindustan Copper is India's only vertically integrated copper producer, with mining operations that produce copper ore and concentrate across several mines in the country.

Revenue rose from Rs 1,872 crore in FY22 to Rs 3,150 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 374 crore in FY22 to Rs 921 crore in FY26, which works out to a compound annual growth rate of 25.3%.

The company has a return on equity of 27.5%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 42,675 crore. The stock trades at a P/E of 37.6, above the industry P/E of 11.6.

Roadmap: The company is expanding mine capacity and exploring new deposits to raise ore output, in line with rising copper demand from electric vehicles, power networks and renewables. Higher copper prices also lift realisations.

What to watch: Track the ramp-up of mine expansion projects and international copper prices.

Why Shivalik Bimetal Features Among These Aluminium, Copper and Bimetal Stocks

Among the three companies on this list, Shivalik Bimetal Controls makes thermostatic bimetal strips, shunts and electrical contact components used in appliances, automobiles and electrical equipment, selling to customers in India and abroad.

The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3.

Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore.

Roadmap: The company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

What to watch: Follow shunt demand from electric vehicles and meters and new component launches.

National Aluminium Company vs Hindustan Copper vs Shivalik Bimetal on Key Financials

The table below sets the three aluminium, copper and bimetal 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
National Aluminium Company	14,478	18,509	6.3%	5,797	31.3%
Hindustan Copper	1,872	3,150	13.9%	921	29.2%
Shivalik Bimetal	329	583	15.3%	95.9	16.4%

Hindustan Copper posts the highest return on equity in this group at 27.5%. National Aluminium Company has the largest FY26 revenue at Rs 18,509 crore, and Shivalik Bimetal shows the fastest revenue growth with a 15.3% compound annual rate. A useful habit with aluminium, copper and bimetal stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Aluminium, Copper and Bimetal Stocks

Every theme carries risks that deserve a check before any decision. For these aluminium, copper and bimetal stocks, the main points are: Long-term non-ferrous metal and electrical contact shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Commodity prices. Selling prices follow global and domestic markets.
Input costs. Metal and material prices can move margins.
Demand cycles. Sales can vary with seasons and rates.

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 aluminium, copper and bimetal stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Aluminium, Copper and Bimetal Stocks

Aluminium, copper and bimetal stocks reward investors who follow demand trends, order books and margins together. National Aluminium Company, Hindustan Copper and Shivalik Bimetal each have a clear plan to grow. Based on the 27 October 2026 close, National Aluminium Company trades at Rs 323.5, Hindustan Copper at Rs 409.15 and Shivalik Bimetal at Rs 1,039.1.

Download the Univest iOS App or Univest Android App to track aluminium, copper and bimetal 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 aluminium, copper and bimetal stocks?

Ans. Aluminium, copper and bimetal stocks are listed companies that mine bauxite and produce aluminium, mine and process copper ore and make bimetal strips and contact parts for appliances and electrical equipment. Their earnings depend on volumes, metal prices and industrial demand. This list looks at three of them, National Aluminium Company, Hindustan Copper and Shivalik Bimetal, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.

Which aluminium, copper and bimetal stocks are covered in this list?

Ans. This list covers National Aluminium Company, Hindustan Copper and Shivalik Bimetal. Based on the 27 October 2026 close, National Aluminium Company traded at Rs 323.5, Hindustan Copper at Rs 409.15 and Shivalik Bimetal at Rs 1,039.1. Their return on equity ranges from 19.9% to 27.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.3% to 15.3%.

Why do aluminium, copper and bimetal stocks have a strong future roadmap in India?

Ans. Aluminium, copper and bimetal stocks have a strong roadmap in India because rising use of aluminium and copper in power networks, vehicles and electronics, along with growth in electrical equipment output, keeps widening the market for these metal and component companies. The main drivers are as follows. Power networks. Copper and aluminium carry rising electricity loads. Integrated supply. Mines and refineries support steady output. Electrical parts. Appliance makers need contacts and strips. Together these factors give the companies on this list a visible path for growth over the coming years.

How has National Aluminium Company performed financially?

Ans. Revenue rose from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%. Net profit grew from Rs 2,951 crore in FY22 to Rs 5,797 crore in FY26, which works out to a compound annual growth rate of 18.4%. In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit rose 90.9% to Rs 2,003 crore. The company has a return on equity of 26.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 58,387 crore. The stock trades at a P/E of 8.7, below the industry P/E of 11.6. Looking ahead, the company is one of the lowest-cost integrated aluminium producers and plans to expand its mine, refinery and smelter capacity. A debt-free balance sheet and strong cash flows support these investments.

How has Hindustan Copper performed financially?

Ans. Revenue rose from Rs 1,872 crore in FY22 to Rs 3,150 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 374 crore in FY22 to Rs 921 crore in FY26, which works out to a compound annual growth rate of 25.3%. The company has a return on equity of 27.5%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 42,675 crore. The stock trades at a P/E of 37.6, above the industry P/E of 11.6. Looking ahead, the company is expanding mine capacity and exploring new deposits to raise ore output, in line with rising copper demand from electric vehicles, power networks and renewables. Higher copper prices also lift realisations.

How has Shivalik Bimetal performed financially?

Ans. Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

What risks should investors check before buying aluminium, copper and bimetal stocks?

Ans. Investors should check a few risks before buying aluminium, copper and bimetal stocks. Commodity prices. Selling prices follow global and domestic markets. Input costs. Metal and material prices can move margins. Demand cycles. Sales can vary with seasons and rates. 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 aluminium, copper and bimetal stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 27 October 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.