Hindalco Industries Ltd.

•

hindalco.comBSE: 500440NSE: HINDALCO

Market Cap₹ 2,20,655 Cr.

Current Price

High / Low₹ 1,176 / 732

Stock P/E13.5

Book Value₹ 640

Price to Book1.43

Dividend Yield0.51 %

ROCE10.4 %

ROE10.3 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Novelis: 56.1% • Copper: 24.1% • Aluminium: 19.8%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 20.9% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 75.1% YoY, showing strong momentum
Company has delivered good sales growth of 15.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.48x)

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 11.7% versus prior year
Total debt has risen sharply - up 51.9% year on year
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (8.3%)
Growth is decelerating - 3Y profit CAGR (9.9%) trails the 5Y trend (20.9%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningNon - Ferrous MetalsMetal - Non Ferrous

Part ofNIFTY 50 NIFTY ALPHA 50 NIFTY500MOMENTM50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT

S.No.	Name
1.	HINDZINC	576.05	14.26	243399.50	1.74	5469.00	144.81	13747.00	81.10	69.83	58.56
2.	HINDALCO	981.90	13.45	220655.17	0.51	7013.00	75.15	84825.00	32.06	10.45	16.43
3.	VEDL	264.35	5.25	103371.11	12.86	7918.00	77.65	24205.00	-35.34	18.72	35.12
4.	HINDCOPPER	514.35	43.76	49738.88	0.56	352.37	162.47	936.50	81.36	39.44	54.17
5.	VOGL	36.76	0.00	14374.59	0.00	9450.00	—	25070.00	—	0.00	32.47
6.	GRAVITA	1667.00	31.39	12303.87	0.38	106.37	14.30	1475.06	41.84	17.18	7.44
7.	JAINREC	284.70	27.22	9824.59	0.00	69.41	22.79	2724.46	75.86	25.74	3.97
8.	CMRGREEN	216.55	22.33	4743.65	0.00	68.18	—	3122.73	91.98	13.41	4.33
9.	POCL	454.50	24.31	3466.84	0.44	358.80	42.58	9348.90	55.08	23.32	5.97
10.	ONIXSOLAR	437.95	26.86	1614.63	0.00	208.97	—	945.10	—	32.85	29.74
11.	ARDEE	50.87	18.93	1603.43	0.00	199.03	—	3388.11	—	49.04	9.90
12.	BHAGYANGR	422.90	22.54	1416.56	0.00	20.24	167.37	705.08	45.20	9.17	5.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52,991	54,169	52,808	55,994	57,013	58,203	58,390	64,890	64,232	66,058	66,521	78,133	84,825
	47,277	48,557	46,943	49,313	49,510	50,320	50,807	56,054	56,326	57,092	58,527	68,115	74,196
Operating Profit	5,714	5,612	5,865	6,681	7,503	7,883	7,583	8,836	7,906	8,966	7,994	10,018	10,629
OPM %	10.78%	10.36%	11.11%	11.93%	13.16%	13.54%	12.99%	13.62%	12.31%	13.57%	12.02%	12.82%	12.53%
	379	496	280	362	94	561	468	706	602	531	-2,061	-3,146	3,356
Interest	992	1,034	944	888	859	869	817	874	754	803	881	1,042	966
Depreciation	1,786	1,843	1,874	2,018	1,892	1,932	1,939	2,118	2,080	2,155	2,220	2,375	2,337
Profit before Tax	3,315	3,231	3,327	4,137	4,846	5,643	5,295	6,550	5,674	6,539	2,832	3,455	9,393
Tax %	26.03%	32.03%	29.97%	23.25%	36.61%	30.73%	29.48%	19.33%	29.47%	27.51%	27.54%	24.72%	25.34%
Net Profit	0	0	0	0	3,074	3,909	3,735	5,284	4,004	4,741	2,049	2,597	7,013
	11.05	9.88	10.50	14.29	13.84	17.59	16.82	23.80	18.03	21.35	9.23	11.70	31.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,00,184	1,15,183	1,30,542	1,18,144	1,32,008	1,95,059	2,23,202	2,15,962	2,38,496	2,74,944	2,95,537
	87,885	1,01,794	1,15,318	1,04,048	1,14,832	1,66,812	2,00,577	1,92,580	2,06,691	2,40,349	2,57,930
Operating Profit	12,299	13,389	15,224	14,096	17,176	28,247	22,625	23,382	31,805	34,595	37,607
OPM %	12.28%	11.62%	11.66%	11.93%	13.01%	14.48%	10.14%	10.83%	13.34%	12.58%	12.72%
	1,253	3,410	1,414	1,112	1,104	1,818	1,339	2,007	1,829	-3,785	-1,320
Interest	5,742	3,911	3,778	4,197	3,752	3,768	3,646	3,858	3,419	3,480	3,692
Depreciation	4,469	4,606	4,777	5,091	6,628	6,729	7,086	7,521	7,881	8,830	9,087
Profit before Tax	3,315	8,157	8,083	5,924	7,905	19,574	13,241	14,012	22,337	18,496	22,219
Tax %	43.22%	25.43%	32.02%	36.41%	34.45%	27.45%	23.74%	27.53%	28.36%	27.60%	26.16%
Net Profit	1,882	6,083	5,495	3,767	5,182	14,201	10,097	10,155	16,002	13,391	16,406
EPS	9.21	27.29	24.66	16.93	15.65	61.65	45.36	45.74	72.08	60.32	—
Dividend Payout %	12.89%	4.40%	4.85%	5.89%	19.12%	6.47%	6.60%	7.65%	6.94%	8.29%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 16%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 31%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 21%
5 Years:: 16%
3 Years:: 27%
1 Year:: 32%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 13%
3 Years:: 11%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	223	223	222	222	222	222	222	222	222	222
Minority Interest	6	9	9	10	10	11	11	11	12	12
	45,800	54,613	57,381	58,181	66,386	78,093	94,782	1,06,164	1,23,767	1,36,702
	64,886	53,448	53,910	69,835	69,232	69,098	66,348	62,299	67,267	99,588
Trade Payables	17,463	20,405	20,723	18,300	28,235	41,382	35,860	32,858	40,434	61,624
	17,767	18,317	19,727	22,070	24,737	33,049	26,266	29,169	32,598	46,533
Total Liabilities	1,46,144	1,47,014	1,51,972	1,68,618	1,88,822	2,21,855	2,23,489	2,30,723	2,64,300	3,44,681
	84,663	85,065	85,837	89,173	1,00,248	1,06,853	1,10,606	1,11,764	1,16,511	1,30,190
Capital Work in Progress	1,741	1,983	3,975	7,610	10,013	4,727	7,340	14,591	27,023	47,569
	15,157	10,781	9,012	9,411	17,133	14,119	14,116	15,444	24,158	24,958
	18,291	21,631	22,194	22,384	30,668	44,483	42,958	40,812	48,801	75,517
	0	0	0	0	0	0	0	16,404	19,834	27,222
Cash & Bank	8,261	8,058	9,787	21,569	8,809	17,392	15,083	12,687	10,846	14,808
	18,031	19,496	21,167	18,471	21,951	34,281	33,386	19,021	17,127	24,417
Total Assets	1,46,144	1,47,014	1,51,972	1,68,618	1,88,822	2,21,855	2,23,489	2,30,723	2,64,300	3,44,681

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13,467	12,821	13,865	12,847	18,488	20,611	21,988	24,056	24,410	10,250
Cash from Investing	-2,789	5,026	-5,648	-8,427	-25,637	-7,074	-8,016	-14,276	-24,739	-26,583
Cash from Financing	-5,552	-16,412	-5,466	6,656	-4,882	-6,765	-10,450	-10,817	-1,816	20,087
	4,347	-489	863	10,974	-13,287	2,999	742	-1,037	-2,145	3,754

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
34.64	34.64	34.64	34.64	34.64	34.64	34.64	34.64	34.66
27.18	28.57	28.03	28.13	27.60	28.13	28.16	29.96	31.41
25.41	24.17	24.49	24.64	24.89	24.07	23.13	21.31	19.78
0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23
8.73	8.58	8.81	8.54	8.70	8.84	9.55	9.56	9.59

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Hindalco Industries Limited has informed the Exchange about Schedule of meet

2026-09-11

Copy of Newspaper Publication

2026-09-11 - Hindalco Industries Limited has informed the Exchange about Newspaper Advertisement(s) regarding Notice of Special Window for Re-lodgement of TransferRequests of Physical Shares

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Hindalco Industries Limited has informed the Exchange about Schedule of meet

2026-09-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-05 - Hindalco Industries Limited has informed the Exchange about Schedule of meet

2026-08-27

Press Release

2026-08-27 - Hindalco Industries Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "Hindalco Commissions India s First Superfine PPT ATH Plant, Strengthening India s Self-Reliance in Cable Fire Safety.".

2026-08-21

Acquisition

2026-08-21 - Hindalco Industries Limited has informed the Exchange about Incorporation of UHG Holdings IFSC Private Limited.

2026-08-19

Copy of Newspaper Publication

2026-08-19 - Newspaper Advertisement of Public Notice regarding Loss of Share Certificates.

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Hindalco Industries Limited has informed the Exchange about Transcript

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Hindalco Industries Limited has informed the Exchange about the newspaper publication of Public Notice regarding Loss of Share Certificates.

News

Recent coverage and analyst commentary for HINDALCO

Loading news…

🤖

AI Stock Analyst

Hindalco Industries Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account