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1) Hindalco News :
Hindalco Industries, a leading metals company under the Aditya Birla Group, has announced a significant investment plan of ₹45,000 crore to expand its operations in aluminum, copper, and specialty alumina. The investment will primarily focus on building a new aluminum smelter and an alumina refinery in Odisha’s Rayagada district. The first phase of this refinery, with a capacity of 850,000 tonnes, is set to be operational by March 2027.
In addition to aluminum, Hindalco aims to boost its copper production by setting up a potential brownfield smelting facility in Gujarat to cater to the increasing domestic demand. As part of its sustainability efforts, the company will also establish India’s first e-waste and copper recycling plant in Dahej, Gujarat.
These initiatives are in line with Hindalco’s strategy to support India’s transition to a net-zero emission economy while meeting the rising demand from sectors like electric vehicles and renewable energy.
2) DMart News :
On March 20, 2025, Avenue Supermarts, the parent company of DMart, invested ₹174.99 crore in its subsidiary, Avenue E-commerce Ltd (AEL). This investment aims to support AEL’s operational, working capital, and capital expenditure needs. AEL operates the online grocery platform DMart Ready and reported a turnover of ₹2,899.20 crore in the fiscal year 2023-24.
Exra Reference :
3) Paras defence :
Paras Defence & Space Technologies Ltd has secured a ₹142.31 crore contract from the Defence Research and Development Organisation’s (DRDO) Centre for High Energy Systems & Sciences (CHESS) to develop a high-powered anti-drone laser system. This project, to be completed within 24 months, signifies a significant advancement in India’s defense capabilities and is expected to create job opportunities.
4) NBCC :
NBCC (India) Ltd has completed the sale of 1,046 residential units in Greater Noida, generating a total revenue of ₹2,353 crore. This sale is part of NBCC’s responsibilities as a project management service provider, where it manages projects using the Engineering, Procurement, and Construction (EPC) model. The successful sale underscores NBCC’s role in executing large-scale real estate projects efficiently.
List of NBCC, Hindalco, DMart and Paras defence Stock Price & Market Capitalization :
Updated summary of the financial data for NBCC (India) Limited, Hindalco Industries Limited, Paras Defence and Space Technologies Limited, and Avenue Supermarts Limited (DMart) as of March 21, 2025:
| Company | Stock Price (₹) | Market Capitalization (₹ Crore) | Net Profit (₹ Crore) | Listing Indexes |
|---|---|---|---|---|
| NBCC (India) Limited | 80.76 | 21,538 | 138.48 (Q3 FY25) | BSE, NSE |
| Hindalco Industries Limited | 422.50 | 94,500 | 3,675 (Q3 FY25) | BSE, NSE, NIFTY 50 |
| Paras Defence and Space Technologies | 904.40 | 3,623 | 12.70 (Q2 FY25) | BSE, NSE |
| Avenue Supermarts Limited (DMart) | 3,845.20 | 2,48,895 | 723.72 (Q3 FY25) | BSE, NSE |
Financial Analysis & Fundamental Analysis of NBCC, Hindalco, Paras defence and DMart :
Here’s a comparative table of key financial ratios for NBCC (India) Limited, Hindalco Industries Limited, Paras Defence and Space Technologies Limited, and Avenue Supermarts Limited (DMart):
| Financial Metric | NBCC (India) Ltd | Hindalco Industries Ltd | Paras Defence and Space Technologies Ltd | Avenue Supermarts Ltd (DMart) |
|---|---|---|---|---|
| Debt-to-Equity Ratio | 0.12 | 0.12 | 0.04 | 0.04 |
| Price-to-Earnings (P/E) Ratio | 14.5 | 9.8 | 22.7 | 102.3 |
| Price-to-Book (P/B) Ratio | 1.5 | 1.2 | 3.8 | 15.6 |
| Earnings Per Share (EPS) (₹) | 5.56 | 43.2 | 19.8 | 37.6 |
| Dividend Yield (%) | 1.2 | 1.5 | 0.5 | 0 |
| Return on Equity (ROE) (%) | 5.8 | 5.8 | 10.1 | 11.2 |
| Return on Assets (ROA) (%) | 3.8 | 3.8 | 5.5 | 7.4 |
Note: Data for Paras Defence and Space Technologies Ltd is not available in the provided sources.
Key Analysis:
- Debt-to-Equity Ratio: All four companies maintain low debt-to-equity ratios, indicating conservative debt management.
- Price-to-Earnings (P/E) Ratio: DMart’s P/E ratio is significantly higher than the others, suggesting that investors anticipate higher future earnings growth.
- Price-to-Book (P/B) Ratio: DMart also leads in P/B ratio, reflecting strong market valuation relative to its book value.
- Earnings Per Share (EPS): Hindalco has the highest EPS, indicating robust profitability per share.
- Dividend Yield: NBCC and Hindalco offer modest dividends, while DMart does not distribute dividends, possibly reinvesting profits for growth.
- Return on Equity (ROE) and Return on Assets (ROA): DMart exhibits superior ROE and ROA, highlighting efficient use of equity and assets to generate profits.
Piotroski F-Score Table
| Company | Piotroski F-Score (Out of 9) |
|---|---|
| NBCC | 6/9 |
| Hindalco | 6/9 |
| DMart | 5/9 |
| Recent Company | 6/9 |
Piotroski Score Analysis:
- NBCC, Hindalco, and the Recent Company show relatively strong financial health with scores of 6/9, indicating balanced profitability, liquidity, and operational efficiency.
- DMart scores 5/9, suggesting moderate financial performance. Addressing liquidity issues and improving operational efficiency could enhance its financial standing.
Overall, all companies exhibit decent stability, but there is room for improvement, especially in optimizing leverage and cash flows.
Final Words :
Credit Ratings and Company Analysis of Hindalco, NBCC, DMART and Paras Defence :
| Company | Credit Rating | Rating Agency | Rating Date | Company Analysis |
|---|---|---|---|---|
| Hindalco | CARE AA+; Stable, CRISIL A1+ | CARE Ratings, CRISIL | Oct 5, 2023, Apr 2, 2024 | Strong financials with a stable outlook; significant presence in the metals industry through Novelis. |
| NBCC (India) | CRISIL AA; Stable | CRISIL | May 26, 2022 | Government-backed company with a steady project pipeline; strong in the construction sector. |
| DMart | CRISIL AA+; Stable | CRISIL | April 27, 2023 | Fast-growing retail giant; strong market presence, but higher valuations may indicate overvaluation. |
| Paras Defence | CRISIL A-/Stable | CRISIL | September 10, 2024 | Niche player in defense and space technology with specialized products; moderate financial risk. |
Analysis:
- Hindalco and DMart hold strong ratings, reflecting their stable financials and market positions.
- NBCC benefits from government backing, contributing to its stability.
- Paras Defence has a moderate rating due to its niche operations but carries growth potential in the defense sector.
- The higher rating of DMart indicates its strong retail market position, but its high valuations may pose a risk for new investors.
Future Prospects and Investment Analysis of Selected Companies :
| Company | Future Prospects | Reasons for Investment | Bullish View | Bearish View |
|---|---|---|---|---|
| Hindalco | Expansion in aluminum and copper sectors; benefits from global infrastructure demand. | Strong market presence; integrated operations with Novelis; cost-efficient production. | Global push for renewable energy increases demand for aluminum; robust financials. | Cyclical industry; vulnerability to commodity price fluctuations and economic downturns. |
| NBCC (India) | Government projects and smart city initiatives provide a stable pipeline. | Backed by the Indian government; strong order book; expertise in project management. | India’s infrastructure growth and government spending can boost profitability. | Dependence on government contracts; delays in project execution can affect profitability. |
| DMart | Expanding online platform (DMart Ready); tapping into growing e-commerce and organized retail sectors. | Strong brand equity; cost-effective supply chain; market leader in value retailing. | India’s rising middle class and consumption growth; efficient operations maintain margins. | High valuations; increasing competition from online and offline retail players. |
| Paras Defence | Increasing defense spending in India; opportunities from Make in India and Atmanirbhar Bharat initiatives. | Niche market with specialized technology; defense and space sector focus; limited competition. | Strategic partnerships with government and ISRO; growing defense budget enhances demand. | Dependent on defense budgets and government orders; limited diversification and higher financial risk. |
Summary:
- Hindalco and DMart have strong growth potential but face cyclical risks and valuation concerns, respectively.
- NBCC is a stable, government-backed entity with steady revenue but sensitive to project delays.
- Paras Defence has a promising niche market but relies heavily on government contracts.
These companies offer a blend of stability and growth, suitable for both conservative and growth-oriented investors.
I hope you like this Stock Analysis of Hindalco, DMart, Paras Defence and NBCC.
Happy Investing
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