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Hindalco Industries Ltd.
HINDALCOLarge CapNSEBSE
Metals & Mining · Metals & Mining
₹1,032.90up 8.90up 0.87 percentas of 28 Aug 2026
Book value ₹607.59Div yield 0.48%
Key metrics
- Market Cap
- 2,28,318.21 ₹ cr
- P/E
- 17.23 x
- P/B
- 1.70 x
- ROE
- 8.12%
- ROCE
- 8.55%
- Debt to Equity
- 0.54 x
- Net Margin
- 11.42%
- Dividend Yield
- 0.48%
- Revenue Growth (YoY)
- 20.41%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in 1 of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 2 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 34.7% (pledge data not available).
- Debt-to-equity 0.54 — above the Metals & Mining median of 0.35.
HINDALCO
₹1,032.90up 0.87 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatCapital Intensive
9.66%ROCE
ROE: 9.80%·P/B: 1.70x
2. Forensic Health & SolvencyPiotroski 3/9 · Weak Operational Trend
3/9Piotroski Score
Altman: 2.6 (Safe Zone)
3. Valuation & DCF Spread+132.8% Margin of Safety
₹2,405DCF Fair Value
CMP: ₹1,032.9
4. Ownership & GovernanceClean Promoter Holding
34.66%Promoter Stake
Pledged: 0.0%·Inst: 41.46%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #15 of 26 in Metals & MiningQVGM 51/100
Quality (Q)36
ROE, ROCE, Margins & Cash Conversion
Value (V)72
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)36
3Y Sales & EPS Compounded Growth
Momentum (M)68
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #15 of 26 in Metals & Mining
Valuation
Strong72/100
P/E Ratio:17.23x
P/B Ratio:1.70x
Dividend Yield:0.48%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak36/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak36/100
ROE:9.8%
ROCE:9.7%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Weak33/100
Piotroski F-Score:3/9
Altman Z-Score:2.63
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate68/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹719.60
From 52W High-10.16%
52-Week High₹1,149.70
Valuation MultiplesCash Flow & Yield
PEG Ratio0.82
Earnings Yield10.61%
Price / FCF—
FCF Yield-0.40%
Payout Ratio4.56%
Net-Net Ratio-4.83
Solvency & SafetyPiotroski & Altman
Piotroski F-Score3/9
Altman Z-Score2.63
Graham Number₹1,224.28
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +1.45%
DII Stake:▼ 1.32%
OPM Margin:▼ 35.28%
Net Margin:▼ 36.79%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +17.46% | ▲ +20.41% | -42.36% | 7.20% | 15.81% |
| Net Profit Growth | ▲ +26.74% | ▼ 50.84% | -93.26% | 9.83% | 30.91% |
| EPS Growth | ▲ +46.25% | ▼ 2.23% | -90.94% | 21.00% | 26.12% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — HINDALCO
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹2,471.4
Verdict:Undervalued (+139.3%)
Benjamin Graham Number
₹1,059.9
+2.6% vs CMPPeter Lynch Fair Value
₹408.7
-60.4% vs CMPReverse DCF Implied Growth
-20.0% CAGR
Modest Expectations (High Margin of Safety)Valuation Spectrum PositioningCMP: ₹1,032.9
₹0 (Distress)CMP: ₹1,033DCF: ₹2,471Graham: ₹1,060
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹42,767 | 0.8969 | ₹38,356 |
| Year 2 | 6% | ₹45,333 | 0.8044 | ₹36,464 |
| Year 3 | 6% | ₹48,053 | 0.7214 | ₹34,665 |
| Year 4 | 6% | ₹50,936 | 0.6470 | ₹32,955 |
| Year 5 | 6% | ₹53,992 | 0.5803 | ₹31,330 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹2617 +153% | ₹3010 +191% | ₹3260 +216% | ₹3559 +245% | ₹4384 +324% |
| 11.0% | ₹2235 +116% | ₹2519 +144% | ₹2694 +161% | ₹2898 +181% | ₹3428 +232% |
| 11.5% | ₹2078 +101% | ₹2323 +125% | ₹2471 +139% | ₹2643 +156% | ₹3080 +198% |
| 12.0% | ₹1938 +88% | ₹2151 +108% | ₹2279 +121% | ₹2425 +135% | ₹2790 +170% |
| 13.0% | ₹1700 +65% | ₹1865 +81% | ₹1962 +90% | ₹2071 +100% | ₹2335 +126% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E17.23current
ReportedComputed, approximate
P/B1.70current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 17.23 | 1.70 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.27 / 5)
Strong Buy:8
Buy:10
Hold:9
Sell:2
Strong Sell:1
Coverage: 30 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:29.87%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +12.01%
Mean Target₹1,157.00vs CMP ₹1,032.90
High Target₹1,430.00+38.4% max upside
Low Target₹742.00-28.2% downside
Median Target₹1,160.0030 estimates
Low: ₹742.00Mean: ₹1,157.00High: ₹1,430.00
Mean Target Current Price (₹1,032.90)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹10.49
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹14.27
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹10.97
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹9.87
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹16.97
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹23.73
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹12.33
Low:—
High:—
FY2025E2 Analysts
Mean Estimate
₹19.87
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹18.00
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹22.14
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹20.94
Low:—
High:—
FY2026EConsensus
Mean Estimate
₹30.41
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹25.23
Low:₹24.00
High:₹25.00
FY2027E2 Analysts
Mean Estimate
₹28.45
Low:₹24.00
High:₹32.00
FY2027E3 Analysts
Mean Estimate
₹41.84
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹36.46
Low:₹23.00
High:₹49.00
FY2028E1 Analysts
Mean Estimate
₹22.51
Low:₹22.00
High:₹22.00
FY2028E1 Analysts
Mean Estimate
₹30.57
Low:₹30.00
High:₹30.00
FY2028E1 Analysts
Mean Estimate
₹30.60
Low:₹30.00
High:₹30.00
FY2028E1 Analysts
Mean Estimate
₹24.47
Low:₹24.00
High:₹24.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹10.49 | — | — | — |
| FY2024 Forecast | ₹14.27 | — | — | — |
| FY2024 Forecast | ₹10.97 | — | — | — |
| FY2024 Forecast | ₹9.87 | — | — | — |
| FY2025 Forecast | ₹16.97 | — | — | 4 |
| FY2025 Forecast | ₹23.73 | — | — | 3 |
| FY2025 Forecast | ₹12.33 | — | — | — |
| FY2025 Forecast | ₹19.87 | — | — | 2 |
| FY2026 Forecast | ₹18.00 | — | — | 2 |
| FY2026 Forecast | ₹22.14 | — | — | 1 |
| FY2026 Forecast | ₹20.94 | — | — | 1 |
| FY2026 Forecast | ₹30.41 | — | — | — |
| FY2027 Forecast | ₹25.23 | ₹25.00 | ₹24.00 | 2 |
| FY2027 Forecast | ₹28.45 | ₹32.00 | ₹24.00 | 2 |
| FY2027 Forecast | ₹41.84 | — | — | 3 |
| FY2027 Forecast | ₹36.46 | ₹49.00 | ₹23.00 | 2 |
| FY2028 Forecast | ₹22.51 | ₹22.00 | ₹22.00 | 1 |
| FY2028 Forecast | ₹30.57 | ₹30.00 | ₹30.00 | 1 |
| FY2028 Forecast | ₹30.60 | ₹30.00 | ₹30.00 | 1 |
| FY2028 Forecast | ₹24.47 | ₹24.00 | ₹24.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
2 Factors- •Company has a solid 3-year average ROE of 60.0%.
- •High institutional backing: FIIs & DIIs hold a combined 41.5%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score3 / 9
● Weak (Caution)
Altman Z-Score2.63
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score1.19
● Elevated Manipulation Risk
Financial patterns show abnormal accruals or margin distortion.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
-148.2%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
-7.2%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
293.6%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹13,391 CrInflow
13,391
+ D&A Non-Cash Charge₹8,843 CrAdd-back
8,843
Working Capital Adjustment-₹11,984 Cr- Tied Up
11,984
= Operating Cash Flow (CFO)₹10,250 CrOperating Cash
10,250
- Capital Expenditures (CapEx)-₹30,096 CrReinvestment
30,096
= Free Cash Flow (FCF)-₹19,846 CrFree Cash Flow
19,846
- Dividends & Debt Repayment-₹2,946 CrCapital Return
2,946
= Net Change in Cash-₹22,792 CrNet Balance
22,792
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹1.31 L | ₹1.18 L | ₹1.32 L | ₹1.95 L | ₹2.23 L | ₹2.16 L | ₹4.77 L | ₹2.75 L |
| Operating profit | — | — | — | — | ₹10,789.75 | ₹8,286.00 | ₹10,716.00 | ₹23,560.00 | ₹16,372.98 | ₹16,097.00 | ₹2.07 L | ₹22,344.00 |
| OPM | — | — | — | — | 8.27% | 7.01% | 8.12% | 12.08% | 7.34% | 7.45% | 43.40% | 8.13% |
| Net profit | — | — | — | — | ₹5,495.67 | ₹3,767.00 | ₹3,483.00 | ₹13,730.00 | ₹10,107.98 | ₹10,155.00 | ₹1.99 L | ₹13,391.00 |
| EPS | — | — | — | — | 24.83 | 19.68 | 25.62 | 64.25 | 46.14 | 47.18 | 901.72 | 81.74 |
| Net margin | — | — | — | — | 4.21% | 3.19% | 2.64% | 7.04% | 4.53% | 4.70% | 41.66% | 4.87% |
| ROE | — | — | — | — | 9.56% | 6.46% | 5.24% | 17.56% | 10.66% | 9.57% | 160.62% | 9.80% |
| ROCE | 6.00% | 4.00% | 8.00% | 10.00% | 9.08% | 6.26% | 7.59% | 16.16% | 9.96% | 9.33% | 103.27% | 9.66% |
| Debt / equity | — | — | — | — | 0.91 | 1.17 | 1.01 | 0.86 | 0.70 | 0.57 | 0.53 | 0.73 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | -42.36% | 7.20% | 15.81% | — |
| Net profit | -93.26% | 9.83% | 30.91% | — |
| EPS | -90.94% | 21.00% | 26.12% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹1.53 L | ₹1.70 L | ₹1.90 L | ₹2.23 L | ₹2.25 L | ₹2.32 L | ₹2.66 L | ₹3.48 L |
| Total liabilities | — | — | — | — | ₹95,347.00 | ₹1.11 L | ₹1.23 L | ₹1.45 L | ₹1.30 L | ₹1.26 L | ₹1.42 L | ₹2.11 L |
| Total equity | — | — | — | — | ₹57,501.00 | ₹58,317.00 | ₹66,533.00 | ₹78,191.00 | ₹94,806.00 | ₹1.06 L | ₹1.24 L | ₹1.37 L |
| Total debt | — | — | — | — | ₹52,419.00 | ₹68,402.00 | ₹67,464.00 | ₹66,945.00 | ₹65,931.00 | ₹60,837.00 | ₹65,655.00 | ₹99,166.00 |
| Cash | — | — | — | — | ₹5,177.00 | ₹16,933.00 | ₹5,522.00 | ₹6,644.00 | ₹9,270.00 | ₹9,025.00 | ₹7,189.00 | ₹10,350.00 |
| Current assets | — | — | — | — | ₹54,034.00 | ₹66,282.00 | ₹67,638.00 | ₹98,543.00 | ₹89,311.00 | ₹82,343.00 | ₹1.02 L | ₹1.41 L |
| Current liabilities | — | — | — | — | ₹34,025.00 | ₹37,217.00 | ₹48,503.00 | ₹77,273.00 | ₹60,457.00 | ₹59,351.00 | ₹65,516.00 | ₹1.17 L |
| Inventory | — | — | — | — | ₹23,233.00 | ₹23,245.00 | ₹31,321.00 | ₹45,739.00 | ₹44,799.00 | ₹42,273.00 | ₹50,098.00 | ₹76,521.00 |
| Receivables | — | — | — | — | ₹11,433.00 | ₹9,379.00 | ₹12,993.00 | ₹21,133.00 | ₹16,389.00 | ₹16,722.00 | ₹20,228.00 | ₹27,434.00 |
| Payables | — | — | — | — | ₹20,723.00 | ₹18,300.00 | ₹28,235.00 | ₹41,382.00 | ₹35,860.00 | ₹34,444.00 | ₹40,632.00 | ₹61,624.00 |
| Net PP&E | — | — | — | — | ₹68,160.00 | ₹73,677.00 | ₹80,862.00 | ₹81,197.00 | ₹85,870.00 | ₹94,341.00 | ₹1.11 L | ₹1.42 L |
| Retained earnings | — | — | — | — | ₹44,495.00 | ₹47,445.00 | ₹51,567.00 | ₹65,750.00 | ₹75,656.00 | ₹84,997.00 | ₹1.00 L | ₹1.13 L |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹11,979.52 | ₹12,665.00 | ₹17,232.00 | ₹16,838.00 | ₹19,208.00 | ₹24,056.00 | ₹24,410.00 | ₹10,250.00 |
| Capital expenditure | — | — | — | — | ₹-6,005.34 | ₹-6,791.00 | ₹-5,565.00 | ₹-5,426.00 | ₹-9,842.00 | ₹-15,728.00 | ₹-20,649.00 | ₹-30,096.00 |
| Free cash flow | — | — | — | — | ₹5,974.18 | ₹5,874.00 | ₹11,667.00 | ₹11,412.00 | ₹9,366.00 | ₹8,328.00 | ₹3,761.00 | ₹-19,846.00 |
| OCF / net profit | — | — | — | — | 2.18 | 3.36 | 4.95 | 1.23 | 1.90 | 2.37 | 0.12 | 0.77 |
| FCF / Capex intensity | — | — | — | — | 4.60 | 5.75 | 4.22 | 2.78 | 4.41 | 7.28 | 4.33 | 10.95 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹39,491.33 | ₹37,263.00 | ₹43,270.00 | ₹61,906.00 | ₹59,995.00 | ₹62,784.00 | ₹3.13 L | ₹79,225.00 |
| Cost of revenue | — | — | — | — | ₹91,050.92 | ₹80,881.00 | ₹88,715.00 | ₹1.33 L | ₹1.63 L | ₹1.53 L | ₹1.64 L | ₹1.96 L |
| EBITDA | — | — | — | — | ₹15,566.16 | ₹13,381.00 | ₹17,350.00 | ₹30,292.00 | ₹23,457.98 | ₹23,617.00 | ₹2.23 L | ₹31,187.00 |
| Income before tax | — | — | — | — | ₹8,083.10 | ₹5,924.00 | ₹7,905.00 | ₹19,574.00 | ₹13,251.98 | ₹14,012.00 | ₹2.05 L | ₹18,496.00 |
| Interest expense | — | — | — | — | ₹2,747.75 | ₹2,740.00 | ₹3,252.00 | ₹4,608.00 | ₹3,630.00 | ₹2,777.00 | ₹6,327.00 | ₹5,654.00 |
| Tax expense | — | — | — | — | ₹2,588.09 | ₹2,157.00 | ₹2,723.00 | ₹5,373.00 | ₹3,144.00 | ₹3,857.00 | ₹6,335.00 | ₹5,105.00 |
| D&A | — | — | — | — | ₹4,776.41 | ₹5,095.00 | ₹6,634.00 | ₹6,732.00 | ₹7,085.00 | ₹7,520.00 | ₹15,761.00 | ₹8,843.00 |
| EBITDA margin | — | — | — | — | 11.92% | 11.33% | 13.15% | 15.53% | 10.51% | 10.94% | 46.71% | 11.34% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.59 | 1.78 | 1.39 | 1.28 | 1.48 | 1.39 | 1.56 | 1.21 |
| Quick ratio | — | — | — | — | 0.91 | 1.16 | 0.75 | 0.68 | 0.74 | 0.68 | 0.79 | 0.55 |
| Interest coverage | — | — | — | — | 3.93 | 3.02 | 3.30 | 5.11 | 4.51 | 5.80 | 32.72 | 3.95 |
| Inventory days | 104.00 | 103.00 | 120.00 | 115.00 | 93.14 | 104.90 | 128.86 | 125.38 | 100.19 | 100.73 | 111.38 | 142.71 |
| Receivable days | 32.00 | 29.00 | 30.00 | 32.00 | 31.97 | 28.98 | 35.93 | 39.54 | 26.80 | 28.26 | 15.48 | 36.42 |
| Payable days | 87.00 | 92.00 | 115.00 | 108.00 | 83.07 | 82.58 | 116.17 | 113.44 | 80.20 | 82.07 | 90.34 | 114.92 |
| Cash conversion cycle | 49.00 | 40.00 | 36.00 | 38.00 | 42.03 | 51.29 | 48.63 | 51.49 | 46.79 | 46.92 | 36.52 | 64.20 |
| Working capital days | -6.00 | 4.00 | -17.00 | 17.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | — | — | — | — | 1.92 | 1.60 | 1.63 | 2.40 | 2.60 | 2.29 | 4.29 | 1.94 |
| ROA | — | — | — | — | 3.60% | 2.22% | 1.84% | 6.16% | 4.50% | 4.38% | 74.70% | 3.85% |
| ROIC | — | — | — | — | 7.00% | 4.80% | 5.47% | 12.34% | 8.25% | 7.39% | 110.13% | 7.18% |
| Gross margin | — | — | — | — | 30.25% | 31.54% | 32.78% | 31.74% | 26.88% | 29.07% | 65.58% | 28.82% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
4.87%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.79
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.55
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
9.80%
Reported: 9.80%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 10 Jul 2026 | dividend | 500% |
| 2025 | 08 Aug 2025 | dividend | 500% |
| 2024 | 09 Aug 2024 | dividend | 350% |
| 2023 | 16 Aug 2023 | dividend | 300% |
| 2022 | 16 Aug 2022 | dividend | 400% |
| 2021 | 17 Aug 2021 | dividend | 300% |
| 2019 | 17 Aug 2019 | dividend | 120% |
| 2018 | 15 Sept 2018 | dividend | 120% |
| 15 Sept 2018 | dividend | 120% | |
| 2017 | 07 Sept 2017 | dividend | 110% |
| 2016 | 08 Sept 2016 | dividend | 100% |
| 2015 | 09 Sept 2015 | dividend | 100% |
| 2014 | 10 Sept 2014 | dividend | 100% |
| 2013 | 03 Sept 2013 | dividend | 140% |
| 2012 | 04 Sept 2012 | dividend | 155% |
| 2011 | 16 Sept 2011 | dividend | 150% |
| 2010 | 26 Aug 2010 | dividend | 135% |
| 2009 | 14 Sept 2009 | dividend | 135% |
| 2008 | 05 Sept 2008 | rights | 3:7 |
| 05 Sept 2008 | dividend | 185% | |
| 2007 | 20 Mar 2007 | dividend | 170% |
| 2006 | 18 Jul 2006 | dividend | 220% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹5.00
Yield on CMP:0.48%
3Y Dividend CAGR:+18.6%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹23.50
₹5.0
2026
₹5.0
2025
₹3.5
2024
₹3.0
2023
₹4.0
2022
₹3.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 10 Jul 2026 | ₹5.00 | Final |
| 08 Aug 2025 | ₹5.00 | Final |
| 09 Aug 2024 | ₹3.50 | Final |
| 14 Aug 2023 | ₹3.00 | Final |
| 11 Aug 2022 | ₹4.00 | Final |
| 12 Aug 2021 | ₹3.00 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Metals & MiningCompare Peers in Studio
Market Cap2,28,318.21 ₹ cr
Beats 87% of 23 industry peers · median 50,821.95 ₹ cr
P/E17.23 x
Beats 25% of 20 industry peers · median 24.09 x
P/B1.70 x
Beats 10% of 20 industry peers · median 2.89 x
ROE8.12%
Beats 17% of 23 industry peers · median 20.18%
ROCE8.55%
Beats 17% of 23 industry peers · median 21.28%
Debt to Equity0.54 x
Beats 78% of 23 industry peers · median 0.35 x
Net Margin11.42%
Beats 35% of 23 industry peers · median 12.34%
Dividend Yield0.48%
Beats 32% of 19 industry peers · median 0.85%
Revenue Growth (YoY)20.41%
Beats 39% of 23 industry peers · median 23.98%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Adani Enterprises Ltd.ADANIENT | ₹3.95 L | 42.56 | 5.06 |
JSW Steel Ltd.JSWSTEEL | ₹3.23 L | 14.63 | 3.26 |
Hindustan Zinc Ltd.HINDZINC | ₹2.52 L | 19.02 | 11.63 |
Tata Steel Ltd.TATASTEEL | ₹2.27 L | 21.55 | 2.28 |
Jindal Steel Ltd.JINDALSTEL | ₹1.19 L | 35.72 | 2.36 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Hindalco Industries Ltd. (HINDALCO)
Indexed Documents8 Filings
Latest Disclosure30 Jul 2026
Shareholding30 Jul 2026
Hindalco Industries Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
AGM / EGM06 Jul 2026
Hindalco Industries Ltd: Notice of Annual General Meeting and Record Date for Dividend
Board Outcome27 Jun 2026
Hindalco Industries Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Investor Deck25 Jun 2026
Hindalco Industries Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Press Release09 Jun 2026
Hindalco Industries Ltd: Press Release: Business Updates and New Strategic Initiatives
Secretarial Filing01 Jun 2026
Hindalco Industries Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Concall Transcript30 Apr 2026
Hindalco Industries Ltd: Transcript of Earnings Conference Call with Institutional Investors
News
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Hindustan Zinc fell as much as 4.7% to its day's low of ₹592.05. NALCO declined 3.8% to ₹369, while Vedanta dropped 3.7% to ₹276.50. Hindalco shed 3% to ₹1,005.30. Hind Copper also declined 2.5% to ₹520.20 during the session.
- IndianAPIAmbani weighs aluminium entry, setting up potential Adani showdown
The move comes as billionaire Gautam Adani’s group marks its entry in the aluminium sector. In June, Adani Enterprises announced plans to invest about $11.5 billion to develop a 2 million tonnes per annum aluminium project in Odisha in partnership with UAE’s International Holding Company.
- IndianAPIStock market today: Sensex falls 170 points, Nifty 50 ends below 24,219; metal stocks shine
The Sensex ended at 77,369, down 172 points, or 0.22%, while the Nifty 50 closed 33 points, or 0.14%, lower at 24,219.05. The Nifty Midcap 150 index inched up by 0.07%, while the Smallcap 250 index declined 0.21%.
- IndianAPINifty 50 has delivered negative returns over the last year; is it the right time to increase your bets on equities?
Indian equities face challenges, with the Nifty 50 down 2% over the past year. Experts suggest a selective approach to sectors and stocks, with earnings growth as a key driver of future market recovery.
- IndianAPIAditya Birla Group’s joins peers charging companies brand royalty; could net ₹1,000 cr a year
The promoter entity will receive a fee equivalent to 0.25% of the standalone revenue of all listed and unlisted group companies using the brand, capped at a maximum of ₹225 crore. The fee will be levied from 1 June 2026.
- IndianAPITop Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
- IndianAPITop Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
- IndianAPIHindalco beats Q1 estimates, remains cautious on bauxite auctions
The Aditya Birla Group metal flagship reported an almost 75% year-on-year jump in the June-quarter net profit attributable to owners at ₹7,013 crore.
- IndianAPIHindalco beats Q1 estimates, remains cautious on bauxite auctions
The Aditya Birla Group metal flagship reported an almost 75% year-on-year jump in the June-quarter net profit attributable to owners at ₹7,013 crore.
- IndianAPITop Gainers & Losers on 7 August: Bajaj Finance, Navin Fluorine, Trent, Tata Capital, Swiggy among top losers
The Indian stock market struggled on August 7, with the Nifty 50 down 0.32% and the Sensex declining 0.59%. Concerns over a potential peace deal in the Middle East and financial sector weaknesses led to mixed performance among broader markets and sector indices.
- IndianAPITop Gainers & Losers on 7 August: Bajaj Finance, Navin Fluorine, Trent, Tata Capital, Swiggy among top losers
The Indian stock market struggled on August 7, with the Nifty 50 down 0.32% and the Sensex declining 0.59%. Concerns over a potential peace deal in the Middle East and financial sector weaknesses led to mixed performance among broader markets and sector indices.
- IndianAPIQ1 results 2026: SBI to Ola Electric among companies to declare Q1 results today; full list here
State Bank of India (SBI), Titan Company, Ola Electric Mobility, Hindalco Industries, Power Finance Corporation, Oil India are among the companies to report their Q1 results FY27 today.
- IndianAPIQ1 results 2026: SBI to Ola Electric among companies to declare Q1 results today; full list here
State Bank of India (SBI), Titan Company, Ola Electric Mobility, Hindalco Industries, Power Finance Corporation, Oil India are among the companies to report their Q1 results FY27 today.
- IndianAPIFrom Gift Nifty to crude oil prices: 7 key things that changed for Indian stock market overnight
Gift Nifty was trading around the 24,657 level, a discount of nearly 82 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
- IndianAPIFrom Gift Nifty to crude oil prices: 7 key things that changed for Indian stock market overnight
Gift Nifty was trading around the 24,657 level, a discount of nearly 82 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
- IndianAPIPulse of the Street: foreign flows, IT rebound power best week in four months
IT stocks spearheaded the rally, with the BSE IT gaining 6.5% during the week.
- IndianAPIPulse of the Street: foreign flows, IT rebound power best week in four months
IT stocks spearheaded the rally, with the BSE IT gaining 6.5% during the week.
- IndianAPIStock market today: Gift Nifty hints a flat start; seven day trading stocks to buy on Thursday, 30 July
Indian stock market indices Sensex and Nifty 50 are expected to open flat due to weak global cues. The Gift Nifty indicates a subdued start, while the Fed decision to maintain interest rates leaves uncertainty in markets. Gold prices rise amid geopolitical tensions.
- IndianAPIStock market today: Gift Nifty hints a flat start; seven day trading stocks to buy on Thursday, 30 July
Indian stock market indices Sensex and Nifty 50 are expected to open flat due to weak global cues. The Gift Nifty indicates a subdued start, while the Fed decision to maintain interest rates leaves uncertainty in markets. Gold prices rise amid geopolitical tensions.
- IndianAPIHindalco chairman Kumar Mangalam Birla unfazed by new rivals in aluminium
Hindalco chairman Kumar Mangalam Birla dismissed competitive threats from Adani Group's new $11.5 billion aluminium venture, citing the company's low-cost production edge. The AGM comments came even as Hindalco reported a 15% revenue rise but a 16% profit drop in FY26 due to Novelis fires.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.