Hindalco Industries logo

Hindalco Industries

HINDALCO NSE

Key Fundamentals

LargecapAluminiumMetals & Mining
Market Cap
2.1L Cr
Volatility
Moderate
P/E Ratio
12.9
EBITDA
₹37,773 Cr
Return on Equity
9.8%
Debt to Equity
0.73
Book Value
₹607.8
EPS
₹48.78
52W High
₹1,176
52W Low
₹754.45

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has delivered good profit growth of 35.2% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 12.5% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
15.19% higher than 3Y
Net Income Growth
-16.32% lower than 3Y
Cash Flow Change
-58.01% lower than 3Y
ROE
-24.21% lower than 3Y
ROCE
-26.07% lower than 3Y
EBITDA Margin (Avg.)
-4.96% lower than 3Y

AI Analysis — Bull vs Bear

4d ago
AI opinion · based on fundamentals
Risk medium

Hindalco Industries has a market capitalisation of about ₹2,16,251 crore and trades at a P/E of 13.4x and a P/B of 1.61x. Over the trailing twelve months, sales and profit have both grown about 20%, and profit has compounded at 35% a year over five years. Return on equity has stayed around 13% over three- and five-year periods, and the company may be capitalising interest cost, which raises questions about how efficiently it uses capital and how clean its reported earnings are.

Bull Case 8
  • Profit has compounded at 35% a year over five years, more than twice the 16% sales CAGR over the same period. This suggests margins have expanded meaningfully, not just that volumes have grown.
  • Trailing-twelve-month sales and profit have both grown about 20%. That shows current momentum, with the top line and bottom line rising together.
  • The P/E of 13.4x is modest next to 20% TTM profit growth. A growth-adjusted multiple well below 1x points to a valuation that is not stretched on current earnings.
  • Over three years, profit compounded at 19% a year against a sales CAGR of only 7%. This points to operating leverage, a better product mix, or cost efficiencies adding to earnings beyond revenue growth.
  • Return on equity has edged up from an 11% ten-year average to about 13% over the last one, three and five years. Capital efficiency looks gradual but steady.
  • The P/B of 1.61x looks reasonable against a 13% ROE. It implies the market is not paying a large premium to book value for the returns being generated.
  • The stock has delivered a 20% CAGR over ten years and 26% over three years, which reflects long-term value creation for shareholders across commodity cycles.
  • A market capitalisation of about ₹2,16,251 crore makes Hindalco one of India's largest metals companies. That scale supports access to capital and negotiating power across its aluminium and copper value chain.
Bear Case 7
  • Return on equity has averaged about 12.5% over three years, which is low for a capital-intensive business. It may barely exceed a typical cost of equity for Indian large caps.
  • The company may be capitalising interest cost. This lowers the finance cost reported in the P&L and can make the reported P/E of 13.4x and 20% TTM profit growth look better than underlying cash economics.
  • Sales growth slowed to a 7% CAGR over three years, from 16% over five years. This suggests the earlier boost from strong commodity prices has faded and future growth may be more cyclical.
  • The dividend yield is only 0.51%, so shareholders get little cash return while waiting. Most of the return depends on price appreciation in a cyclical sector.
  • The ten-year profit CAGR of 78% is flattered by a very low base. Such swings highlight how volatile earnings are for a business exposed to global aluminium and copper price cycles.
  • The stock's 31% gain over one year is roughly double its 15% five-year CAGR. Some of the recent earnings improvement may already be reflected in the price, leaving less cushion if metal prices turn.
  • The debt-to-equity ratio is not available in this data. Combined with the possible interest capitalisation, that makes it hard to assess leverage and balance-sheet risk for a group with a large capex pipeline.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Neutral 2
  • Heavy September investor outreach Sep 11

    Hindalco had three investor engagements lined up: the UBS India Summit 2026 in Mumbai on Sep 10, the Jefferies 5th India Forum in Gurgaon on Sep 16, and analyst and investor meetings on Sep 21 and 22. The company said it would hold one-on-one and group meetings at the summit and the forum without sharing unpublished price-sensitive information.

  • Independent ESG rating of 67 Sep 18

    Niche Ninety Nine gave Hindalco an ESG rating of 67. The assessment was voluntary and used only public data, without input from the company.

TL;DR: None of the recent news for Hindalco is clearly positive or negative. The four items are routine disclosures: a busy investor outreach schedule across Sep 10 to Sep 22 and a third-party ESG score of 67. The frequent meetings show active management engagement with investors, but they contain no new price-sensitive information. The stock's direction will likely depend on aluminium and copper prices, input cost trends and the coming quarterly results rather than these updates.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
Expenses
47,277
48,557
46,943
49,314
49,510
50,320
50,807
56,054
56,326
57,092
58,530
68,119
70,893
Operating Profit
5,714
5,612
5,865
6,680
7,503
7,883
7,583
8,836
7,906
8,966
7,991
10,014
13,932
OPM %
11%
10%
11%
12%
13%
14%
13%
14%
12%
14%
12%
13%
16%
Other Income
381
496
281
362
96
561
469
706
604
532
-2,061
-3,146
-1,236
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
PBT
3,317
3,231
3,328
4,136
4,848
5,643
5,296
6,550
5,676
6,540
2,829
3,451
9,393
Tax %
26%
32%
30%
23%
37%
31%
29%
19%
29%
28%
28%
25%
25%
Net Profit
2,454
2,196
2,331
3,174
3,074
3,909
3,735
5,284
4,004
4,741
2,049
2,597
7,013
EPS in Rs
10.92
9.77
10.37
14.12
13.68
17.39
16.62
23.51
17.82
21.1
9.12
11.56
31.21
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,04,281
98,759
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
Expenses
95,437
90,981
87,867
1,01,488
1,15,031
1,03,838
1,14,449
1,66,712
2,00,536
1,92,090
2,06,691
2,40,064
2,54,634
Operating Profit
8,844
7,778
12,317
13,695
15,511
14,306
17,559
28,347
22,666
23,872
31,805
34,880
40,903
OPM %
8%
8%
12%
12%
12%
12%
13%
15%
10%
11%
13%
13%
14%
Other Income
-832
1,500
1,198
2,879
1,127
906
-987
1,253
1,307
1,519
1,832
-4,074
-5,911
Interest
4,178
5,134
5,742
3,911
3,778
4,197
3,738
3,768
3,646
3,858
3,419
3,480
3,692
Depreciation
3,493
4,347
4,457
4,506
4,777
5,091
6,628
6,729
7,086
7,521
7,881
8,830
9,087
PBT
340
-203
3,315
8,157
8,083
5,924
6,206
19,103
13,241
14,012
22,337
18,496
22,213
Tax %
75%
245%
43%
25%
32%
36%
44%
28%
24%
28%
28%
28%
—
Net Profit
259
-702
1,882
6,083
5,495
3,767
3,483
13,730
10,097
10,155
16,002
13,391
16,400
EPS in Rs
4.14
-1.21
8.47
27.1
24.48
16.77
15.5
61.1
44.93
45.19
71.2
59.59
72.99
Div. Payout %
24%
-82%
13%
4%
5%
6%
19%
6%
7%
8%
7%
8%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
207
207
223
223
222
222
222
222
222
222
222
222
Reserves
38,122
40,402
45,836
54,629
57,279
58,095
66,311
77,969
94,584
1,05,924
1,23,487
1,36,361
Borrowings
68,468
67,552
63,817
52,074
52,415
68,399
67,206
64,486
60,291
56,356
65,642
99,165
Other Liabilities
34,950
32,986
36,268
40,088
42,056
41,902
55,083
79,178
68,392
68,221
74,949
1,08,933
Total Liabilities
1,41,746
1,41,146
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
Fixed Assets
71,959
85,648
84,687
85,088
85,860
89,195
1,00,269
1,06,874
1,10,626
1,11,810
1,16,556
1,30,251
CWIP
14,111
4,214
1,814
2,063
4,097
7,721
10,202
4,945
7,700
14,867
27,397
49,526
Investments
12,346
12,463
15,157
10,781
9,012
9,411
17,133
14,119
14,116
15,444
24,158
24,958
Other Assets
43,330
38,821
44,486
49,081
53,003
62,291
61,218
95,917
91,047
88,602
96,189
1,39,946
Total Assets
1,41,746
1,41,146
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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
7,143
11,688
12,687
10,898
11,977
12,665
17,232
16,838
19,208
24,056
24,410
10,250
Investing
-3,873
-3,220
-2,876
5,333
-5,456
-7,101
-25,280
-6,773
-7,559
-14,267
-24,609
-25,783
Financing
-2,437
-8,862
-5,552
-16,412
-5,466
6,610
-4,882
-6,765
-10,450
-10,817
-1,816
20,087
Net Cash Flow
833
-394
4,259
-181
1,055
12,174
-12,930
3,300
1,199
-1,028
-2,015
4,554
Free Cash Flow
1,427
7,636
9,818
7,942
6,009
5,933
11,715
11,483
9,571
8,378
4,006
-19,508
CFO/OP
94
166
109
94
89
89
105
73
97
112
94
48
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
32
29
30
32
32
29
36
39
27
28
30
36
Inventory Days
104
103
120
115
103
120
146
138
111
111
121
156
Days Payable
87
92
115
108
96
98
135
128
93
94
100
127
Cash Conversion Cycle
49
40
36
38
39
51
47
49
45
45
51
65
Working Capital Days
-6
4
-17
17
18
3
3
-3
13
9
23
2
ROCE %
6%
4%
8%
10%
11%
9%
9%
17%
11%
11%
15%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hindalco Industries insights

63 extracted metrics + investor summaries across FY10–FY27.

Log in — free

Shareholding Pattern

Others3.90%Govt.0.23%FIIs35.60%Public5.67%DIIs19.95%Promot.34.66%As ofJun 2026

Documents

Frequently Asked Questions about Hindalco Industries

What does Hindalco Industries Ltd do?
Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in pa...
Where is Hindalco Industries Ltd (HINDALCO) listed?
Hindalco Industries Ltd trades as HINDALCO on the NSE and under code 500440 on the BSE.
Which sector does Hindalco Industries Ltd belong to?
Hindalco Industries Ltd is classified under the Metals & Mining sector, in the Aluminium industry.
What is the market capitalisation of Hindalco Industries Ltd?
Hindalco Industries Ltd has a market capitalisation of ₹2,09,397 Cr, which places it in the Large Cap band.
What is the PE ratio of Hindalco Industries Ltd?
Hindalco Industries Ltd trades at a PE ratio of 12.90, on earnings per share of ₹48.78, against a book value of ₹607.8 per share.
What is the 52-week high and low of Hindalco Industries Ltd?
Over the last 52 weeks Hindalco Industries Ltd has traded between ₹754.45 and ₹1,176.
Does Hindalco Industries Ltd pay dividends?
Hindalco Industries Ltd has a dividend yield of 0.53%.
What is the Return on Equity (ROE) of Hindalco Industries Ltd?
Hindalco Industries Ltd reported a return on equity of 9.80%. Its debt-to-equity ratio is 0.73.

Company Information

Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc. [1]

Website hindalco.com
CEO Mr. Satish Pai
Employees 78,999
Listed 1997-01-08
Face Value ₹ 1
Issued Size 2,24,72,26,523

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/HINDALCO.md for Hindalco Industries Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Metals & Mining → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List