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Hindalco Industries (HINDALCO) had a P/E of 11.1× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 19% below their 52-week high. It earns ROCE of 9.4% and ROE of 10%, and sales and net profit grew 7.1% and 9.9% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.73× equity. It is a large-cap company with a market cap of ₹2.1 lakh crore, the largest of 22 Aluminum companies by market cap; the shares rose 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹927.90
Day high
₹958.40
Day low
₹891.45
Prev. close
₹937.85
Volume
1.3 Cr

Health check

2 good · 1 fair · 3 to check
  • ReturnsIn line

    +12.8% over a year, better than 4 of 7 peers.

  • Price tagCheaper

    P/E 11.1 vs industry 17.0.

  • GrowthSlow

    Sales +7.1%, profit +9.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 9.4% vs peer median 19.8%.

  • Balance sheetStretched

    Debt 0.73× equity, interest covered 6.6×, Piotroski 3 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aluminum

21 listed peers. Screen the industry

Large cap

₹2.1L Cr, the largest of 22 in its industry.

Moves with the market

Beta 0.93 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹2,95,537 Cr · profit ₹16,400 Cr
Market cap
₹2.1L Cr
Large cap
P/E
11.1
Industry 17.0
Price to book
1.56
Peers 2.90
Dividend yield
0.53%
ROE
10.3%
Peers 9.4%
ROCE
9.4%
Peers 19.8%
Debt to equity
0.73
Debt ₹99,165 Cr
EPS (TTM)
₹86.24
Face value ₹1
OPM (TTM)
9.0%
Net margin 5.5%
Sales growth
+32.1%
Latest quarter vs a year ago
Profit growth
+75.1%
Latest quarter vs a year ago
Price to sales
0.72
EV/EBITDA 7.0

Strengths and risks

Strengths

  • Quarterly profit up 75.1% on a year ago.
  • Quarterly sales up 32.1% on a year ago.
  • P/E of 11.1 against an industry P/E of 17.0.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hindalco Industries

Hindalco Industries Limited, together with its subsidiaries, manufactures and distributes aluminum and copper products in India and internationally. It operates through four segments: Novelis, Aluminium Upstream, Aluminium Downstream, and Copper. The company offers primary aluminum, such as ingots, wirerods, primary foundry alloys, and billets; flat rolled products, including building and pattern sheets, PCB entry and cold-rolled sheets, closure and fin…

Headquarters
Mumbai
Employees
85,107
Sector
Basic Materials
ISIN
INE038A01020
Website
hindalco.com

Price range

52 weeks

₹771.85₹1,176.00

Today

₹891.45₹958.40
Avg volume (3M)
40.2 L
1-year return
plus 12.8%
From 52-week high
minus 18.5%

Analyst consensus

30 analysts
BuyMean target ₹1,141.33 plus 19.1%

Target range, with today’s price

Low ₹850.00High ₹1,350.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aluminum

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HINDALCOHindalco Industries958.40plus 2.19%2,12,74911.19.49.4%9.0%0.737.1%plus 12.8%
VAMLVedanta Aluminium Metal376.05minus 0.80%1,46,81622.2––41.3%1.05–minus 24.2%
NATIONALUMNational Aluminium Co.325.75minus 1.59%59,8288.46.533.3%43.8%0.007.8%plus 41.9%
CMRGREENCMR Green Technologies218.29plus 2.16%4,78217.813.019.8%4.5%0.8317.4%minus 9.5%
ARFINArfin India94.15minus 1.23%1,58986.433.620.8%6.9%0.764.3%plus 74.7%
BELDINGBelding India820.05minus 2.76%1,187––0.3%−1377.7%0.04−89.7%minus 10.8%
MMPMMP Industries427.35plus 0.66%1,08621.719.412.9%8.4%0.5315.2%plus 50.9%
MAANALUMaan Aluminium101.80minus 2.92%61142.4––2.5%0.20–minus 28.4%
Median of 7 peers–−1.23%1,58921.916.219.8%6.9%0.537.8%−9.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
64,23266,05866,52178,13384,825
58,23759,23762,81173,64073,190
5,9956,8213,7104,49311,635
9.3%10.3%5.6%5.8%13.7%
6047142,5914,3291,063
7548038811,042966
−169−192−2,591−4,329−2,339
5,6766,5402,8293,4519,393
29.5%27.5%27.6%24.7%25.3%
4,0044,7412,0492,5977,013
18.0021.329.2111.6731.51

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+7.1%
Profit CAGR 3Y
+9.9%
EPS CAGR 3Y
+9.9%
ROE
10.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,21,9372,14,8072,37,0222,72,642
–minus 3.2%+10.3%+15.0%
1,99,3091,90,5822,03,6672,42,018
22,62824,22533,35530,624
10.2%11.3%14.1%11.2%
1,8567291,1838,245
3,6023,7833,3293,298
7,0867,5217,8818,830
−555362−991−8,245
13,24114,01222,33718,496
23.7%27.5%28.4%27.6%
10,09710,15516,00113,391
–+0.6%+57.6%minus 16.3%
45.3645.6571.9160.20

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
222222222222
94,5841,05,9241,23,4871,36,361
60,29156,35663,92999,161
69,72069,40578,3531,12,051
2,24,8172,31,9072,65,9913,47,795
89,35799,3451,14,1621,45,277
10,37719,19029,47450,696
10,58014,96413,60417,548
21,33216,39122,33322,747
93,17182,01786,4181,11,527
2,24,8172,31,9072,65,9913,47,795

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19,20824,05624,41010,250
−8,016−14,276−24,739−26,583
−10,450−10,817−1,81620,087
742−1,037−2,1453,754
−9,737−15,728−20,649−30,096
9,4718,3283,761−19,846
−890−667−778−1,110

Shareholding pattern

Source: NSE filings
34.7%
promoters
  • Promoters34.66%
  • Public64.85%
  • Employee trusts0.48%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202634.66%64.85%0.00
30 Jun 202634.66%64.87%plus 0.02
31 Mar 202634.64%64.87%0.00
31 Dec 202534.64%64.85%0.00
30 Sep 202534.64%64.82%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you