Hindalco Industries vs Vedanta: share price, P/E, ROE and financials compared
Hindalco Industries
Vedanta
Hindalco Industries and Vedanta at a glance
Hindalco Industries and Vedanta are both listed in Metals & Mining. Hindalco Industries is the larger by market cap, at ₹2.1L Cr against ₹1.0L Cr for Vedanta (2.1 times as large). On valuation, Hindalco Industries has the lower price-to-book (1.56× against 8.01×), while Vedanta has the lower P/E (9.2× against 13.0×). On returns and margins, Vedanta has the higher ROCE (21.3% against 9.4%), the higher ROE (48.2% against 10.3%) and the higher operating margin (28.7% against 10.8%). Over three years, Hindalco Industries has faster 3-year sales growth (+7.1% against −19.2% a year), while Vedanta has faster 3-year profit growth (+18.0% against +9.9% a year). Hindalco Industries carries less debt for its equity, with a debt-to-equity of 0.73× against 1.34×.
Key metrics, side by side
| Metric | Hindalco IndustriesHINDALCO | VedantaVEDL |
|---|---|---|
| Price (₹) | 958.40 | 261.75 |
| Market cap (₹ Cr) | 2,14,331 | 1,02,208 |
| P/E | 13.0× | 9.2× (the lower figure, shaded) |
| P/B | 1.56× (the lower figure, shaded) | 8.01× |
| Dividend yield, trailing | 0.52% | 6.11% (the higher figure, shaded) |
| ROE | 10.3% | 48.2% (the higher figure, shaded) |
| ROCE | 9.4% | 21.3% (the higher figure, shaded) |
| Operating margin (OPM) | 10.8% | 28.7% (the higher figure, shaded) |
| Net margin (NPM) | 5.5% | 22.9% (the higher figure, shaded) |
| Sales CAGR 3Y | +7.1% (the higher figure, shaded) | −19.2% |
| Profit CAGR 3Y | +9.9% | +18.0% (the higher figure, shaded) |
| Debt to equity | 0.73× (the lower figure, shaded) | 1.34× |
| Interest cover | 6.6× | 7.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 16,400 | 21,531 |
| 1Y return | +12.8% (the higher figure, shaded) | −48.1% |
| Promoter holding | – | – |
Hindalco Industries vs Vedanta: common questions
Which is bigger, Hindalco Industries or Vedanta?
By market cap, Hindalco Industries is bigger at ₹2.1L Cr, against ₹1.0L Cr for Vedanta (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹16,400 Cr for Hindalco Industries and ₹21,531 Cr for Vedanta.
Which has a lower P/E ratio, Hindalco Industries or Vedanta?
Hindalco Industries trades at a P/E of 13.0× and Vedanta at 9.2×. Vedanta has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Hindalco Industries or Vedanta?
Hindalco Industries reports a return on equity of 10.3% and Vedanta 48.2%. Vedanta has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Hindalco Industries or Vedanta?
Over the last three years: Sales grew +7.1% a year at Hindalco Industries and −19.2% at Vedanta, so Hindalco Industries grew sales faster; profit grew +9.9% a year at Hindalco Industries and +18.0% at Vedanta, so Vedanta grew profit faster. Past growth doesn’t predict future growth.