Aluminium, Copper & Zinc Products industry

26 companies · ₹25,858 cr · 7 with AI deep dives · Q2FY27 report

West Asia war cuts exports and lifts costs as domestic power and cable demand carries growth

Turning upmargin troughed at 3.5% and has risen for 7 quarters to 4.2%, on positive revenue growth

Revenue YoY: +61.6%
EBITDA margin: 4.2%; +10bps YoY
Price, 1 year: +95.2%; 80% of names up
P/E vs own 5y: +23.5%; 28.5x now

Exhibit 1The quarter in numbers

constant panel of 3 companies above ₹500 cr

aggregate revenue (₹ cr)EBITDA margin (right axis)

Metric	Jun 26	Mar 26	QoQ	Jun 25	YoY	Peak	vs peak
Revenue	1,792 cr	1,759 cr	+1.9%	1,109 cr	+61.6%	1,792 cr	0.0%
EBITDA margin	4.2%	5.1%	-90bps	4.1%	+10bps	5.1%	-90bps

Revenue

Jun 26: 1,792 cr

Exhibit 4Screen

P/E below the sub-industry median of 28.46x, 5y ROCE above its median of 14.75%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

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Exhibit 5Coverage (18 of 18)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Precision Wires India Ltd	₹7,242 cr	41.4x	23.9x	35.8%	4.7%	+60.4%	Unlock
KSH International Ltd	₹6,211 cr

Exhibit 6What managements said

from Industrial Products earnings calls · as of 2026-09-30

headwindWest Asia conflict disrupts exports to the Middle East10 managements

Ten managements reported lost or delayed shipments to the Middle East or GCC. Cummins LHP exports fell 20%, Kirloskar Oil Engines international revenue fell 11%, KEI exports fell…

JINDALSAW (Q1FY27): “all outward shipments have been suspended since March 2026.”

headwind7 managements headwind4 managements

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 0 companies

1-0

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