Hind Aluminium Industries Ltd
Incorporated in 1993, Hind Aluminium Industries Ltd is in the business of Aluminium Products, Power, and Treasury Operations.[1]
- Market Cap ₹ 65.2 Cr.
- Current Price ₹ 104
- High / Low ₹ 163 / 57.2
- Stock P/E 12.7
- Book Value ₹ 113
- Dividend Yield 0.00 %
- ROCE 5.03 %
- ROE 2.02 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.91 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -62.0% over past five years.
- Company has a low return on equity of -6.20% over last 3 years.
- Earnings include an other income of Rs.10.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 441.77 | 441.45 | 720.82 | 498.17 | 660.21 | 541.53 | 388.84 | 85.31 | 23.58 | 2.38 | 1.33 | 3.07 | 8.24 | |
| 427.32 | 425.75 | 695.83 | 480.15 | 636.89 | 527.19 | 388.63 | 95.53 | 22.28 | 18.74 | 19.06 | 5.00 | 11.47 | |
| Operating Profit | 14.45 | 15.70 | 24.99 | 18.02 | 23.32 | 14.34 | 0.21 | -10.22 | 1.30 | -16.36 | -17.73 | -1.93 | -3.23 |
| OPM % | 3.27% | 3.56% | 3.47% | 3.62% | 3.53% | 2.65% | 0.05% | -11.98% | 5.51% | -687.39% | -1,333.08% | -62.87% | -39.20% |
| 3.13 | 2.91 | 2.28 | 1.20 | 3.61 | 6.00 | 5.31 | 3.30 | 1.76 | 13.01 | 27.04 | 7.13 | 10.81 | |
| Interest | 6.11 | 5.44 | 10.46 | 7.65 | 12.91 | 12.57 | 10.69 | 8.32 | 4.00 | 0.61 | 0.24 | 0.26 | 0.26 |
| Depreciation | 3.51 | 3.15 | 3.30 | 3.01 | 3.01 | 3.01 | 2.80 | 2.39 | 1.63 | 0.97 | 0.54 | 0.33 | 0.37 |
| Profit before tax | 7.96 | 10.02 | 13.51 | 8.56 | 11.01 | 4.76 | -7.97 | -17.63 | -2.57 | -4.93 | 8.53 | 4.61 | 6.95 |
| Tax % | 26.38% | 27.25% | 33.31% | 24.53% | 28.52% | 21.01% | -40.03% | -24.39% | -70.04% | 2.23% | -8.56% | 56.62% | |
| 5.86 | 7.28 | 9.01 | 6.47 | 7.87 | 3.76 | -4.77 | -13.32 | -0.77 | -5.05 | 9.27 | 2.00 | 5.12 | |
| EPS in Rs | 9.30 | 11.56 | 14.30 | 10.27 | 12.49 | 5.97 | -7.57 | -21.14 | -1.22 | -8.02 | 14.71 | 3.17 | 8.12 |
| Dividend Payout % | 16.13% | 12.98% | 11.19% | 15.58% | 12.81% | 8.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -39% |
| 5 Years: | -62% |
| 3 Years: | -49% |
| TTM: | 592% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -15% |
| 5 Years: | 18% |
| 3 Years: | 53% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 21% |
| 3 Years: | 40% |
| 1 Year: | 40% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -8% |
| 3 Years: | -6% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 |
| Reserves | 51.12 | 56.97 | 64.76 | 71.01 | 77.67 | 75.95 | 69.77 | 56.97 | 56.35 | 51.31 | 60.63 | 62.64 | 65.04 |
| 42.70 | 81.38 | 82.27 | 78.54 | 124.76 | 78.38 | 97.43 | 31.00 | 18.77 | 2.04 | 0.00 | 0.00 | 0.77 | |
| 43.79 | 64.42 | 77.17 | 51.84 | 50.71 | 32.37 | 14.05 | 8.49 | 1.61 | 0.59 | 0.58 | 0.42 | 0.47 | |
| Total Liabilities | 143.91 | 209.07 | 230.50 | 207.69 | 259.44 | 193.00 | 187.55 | 102.76 | 83.03 | 60.24 | 67.51 | 69.36 | 72.58 |
| 24.25 | 22.30 | 26.83 | 24.06 | 21.18 | 18.52 | 16.21 | 13.73 | 12.19 | 9.58 | 4.91 | 4.60 | 5.23 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 11.22 | 11.32 | 11.37 | 13.52 | 13.56 | 13.85 | 14.92 | 17.06 | 13.48 | 11.85 | 46.83 | 48.46 | 50.67 |
| 108.44 | 175.45 | 192.30 | 170.11 | 224.70 | 160.63 | 156.42 | 71.97 | 57.36 | 38.81 | 15.77 | 16.30 | 16.68 | |
| Total Assets | 143.91 | 209.07 | 230.50 | 207.69 | 259.44 | 193.00 | 187.55 | 102.76 | 83.03 | 60.24 | 67.51 | 69.36 | 72.58 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15.81 | -30.00 | 19.24 | 24.69 | -39.15 | 61.87 | 17.17 | 66.67 | 11.60 | 2.38 | 0.57 | -3.19 | |
| -8.02 | -6.23 | -13.13 | -14.14 | 7.53 | -2.51 | -16.74 | -0.25 | 4.25 | 15.93 | 1.89 | 2.00 | |
| -13.13 | 36.27 | -6.44 | -15.93 | 32.11 | -60.17 | 9.15 | -75.93 | -16.22 | -17.34 | -2.27 | -0.26 | |
| Net Cash Flow | -5.34 | 0.03 | -0.33 | -5.37 | 0.48 | -0.81 | 9.59 | -9.52 | -0.38 | 0.97 | 0.18 | -1.46 |
| Free Cash Flow | 10.12 | -31.50 | 11.12 | 24.28 | -39.29 | 61.53 | 16.69 | 66.70 | 11.43 | 11.49 | 14.76 | -3.16 |
| CFO/OP | 130% | -183% | 93% | 156% | -155% | 453% | 8,419% | -653% | 915% | -16% | -4% | 158% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58.91 | 83.61 | 63.81 | 66.76 | 88.05 | 55.81 | 66.69 | 70.42 | 160.06 | 108.89 | 87.82 | 130.78 |
| Inventory Days | 14.40 | 37.20 | 21.24 | 30.62 | 19.80 | 35.10 | 46.83 | 530.12 | 0.00 | |||
| Days Payable | 27.17 | 47.71 | 31.47 | 29.22 | 24.30 | 18.34 | 1.64 | 0.00 | ||||
| Cash Conversion Cycle | 46.14 | 73.10 | 53.58 | 68.17 | 83.55 | 72.57 | 66.69 | 115.62 | 690.17 | 108.89 | 87.82 | 130.78 |
| Working Capital Days | 9.29 | 15.44 | 8.03 | 26.43 | 20.91 | 24.14 | 0.06 | 43.47 | 284.20 | 1,992.16 | 1,550.56 | 1,007.02 |
| ROCE % | 13.62% | 12.63% | 16.09% | 10.49% | 13.12% | 9.38% | 1.63% | -6.95% | 1.53% | -16.72% | -2.02% | 5.03% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Renewable Power Sales Lakh INR |
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| Total Power Generation Capacity MW |
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| Installed Capacity - Aluminium Conductors TPA |
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| Installed Capacity - Aluminium Wire Rods TPA |
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| Total Revenue (Proxy for Operational Scale) Crore INR |
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| EPC Project Execution Crore INR |
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Extracted by Screener AI
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
23 Apr - Company confirms it is not a Large Corporate; initial and annual disclosures not applicable for FY2026.
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Appointment of Company Secretary and Compliance Officer
15 Apr - Ms. Ekta Joshi appointed Company Secretary and Compliance Officer effective 15 April 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
15 Apr - Board accepted Ankita Vishwakarma's resignation and appointed Ekta Joshi as Internal Auditor from 15 April 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
15 Apr - Company Secretary and Compliance Officer Ankita Vishwakarma resigned effective 15 April 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
HAIL is a part of the Associated Group. The business is carried out by its two companies viz. the flagship company, Hind Aluminium Industries Limited (HAIL), and Associated Aluminium
Industries Private Limited. The co. is engaged in the manufacturing
of Wire Rods & Conductors. It is also in the business of mining &
power generation.