Hindalco Industries Ltd
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]
- Market Cap ₹ 1,86,834 Cr.
- Current Price ₹ 831
- High / Low ₹ 864 / 546
- Stock P/E 27.6
- Book Value ₹ 312
- Dividend Yield 0.60 %
- ROCE 12.9 %
- ROE 8.98 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 19.5%
Cons
- Stock is trading at 2.66 times its book value
- Company has a low return on equity of 7.06% over last 3 years.
* 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
Commodities Metals & Mining Non - Ferrous Metals Aluminium
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27,851 | 34,525 | 34,271 | 36,937 | 42,809 | 45,749 | 40,242 | 42,701 | 67,653 | 76,878 | 83,009 | 93,309 | 95,418 | |
| 25,372 | 31,103 | 30,916 | 32,125 | 37,685 | 41,503 | 36,578 | 38,607 | 56,455 | 69,456 | 75,509 | 82,148 | 83,868 | |
| Operating Profit | 2,479 | 3,423 | 3,355 | 4,812 | 5,124 | 4,246 | 3,664 | 4,094 | 11,198 | 7,422 | 7,500 | 11,161 | 11,550 |
| OPM % | 9% | 10% | 10% | 13% | 12% | 9% | 9% | 10% | 17% | 10% | 9% | 12% | 12% |
| 741 | 299 | 968 | 1,092 | 623 | 940 | 675 | 657 | 428 | 627 | 724 | 1,329 | 1,487 | |
| Interest | 712 | 1,637 | 2,390 | 2,323 | 1,901 | 1,683 | 1,679 | 1,469 | 1,417 | 1,300 | 1,268 | 939 | 880 |
| Depreciation | 823 | 837 | 1,282 | 1,428 | 1,617 | 1,693 | 1,708 | 1,708 | 1,752 | 1,874 | 1,961 | 2,029 | 2,072 |
| Profit before tax | 1,685 | 1,247 | 651 | 2,153 | 2,229 | 1,810 | 952 | 1,574 | 8,457 | 4,875 | 4,995 | 9,522 | 10,085 |
| Tax % | 16% | 26% | 15% | 28% | 36% | 33% | 35% | 37% | 35% | 32% | 26% | 33% | |
| 1,413 | 925 | 552 | 1,557 | 1,436 | 1,205 | 620 | 993 | 5,507 | 3,326 | 3,697 | 6,387 | 6,777 | |
| EPS in Rs | 6.85 | 4.48 | 2.67 | 6.94 | 6.40 | 5.37 | 2.76 | 4.42 | 24.51 | 14.80 | 16.45 | 28.42 | 30.16 |
| Dividend Payout % | 15% | 22% | 37% | 16% | 19% | 22% | 36% | 67% | 16% | 20% | 21% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 18% |
| 3 Years: | 11% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 58% |
| 3 Years: | 2% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 35% |
| 3 Years: | 25% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 9% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 206 | 207 | 207 | 223 | 223 | 222 | 222 | 222 | 222 | 222 | 222 | 222 |
| Reserves | 36,526 | 37,049 | 41,955 | 47,110 | 49,228 | 48,336 | 45,272 | 49,842 | 54,206 | 58,267 | 63,485 | 69,984 |
| 27,020 | 29,007 | 28,676 | 27,150 | 20,297 | 19,534 | 23,367 | 20,240 | 19,421 | 13,071 | 8,376 | 11,903 | |
| 10,018 | 9,739 | 9,604 | 12,153 | 12,981 | 13,410 | 11,197 | 17,643 | 25,208 | 25,362 | 24,953 | 26,818 | |
| Total Liabilities | 73,770 | 76,001 | 80,442 | 86,635 | 82,729 | 81,502 | 80,058 | 87,947 | 99,057 | 96,922 | 97,036 | 108,927 |
| 18,055 | 26,060 | 32,243 | 34,384 | 34,364 | 33,523 | 33,368 | 32,390 | 32,300 | 32,103 | 33,214 | 34,036 | |
| CWIP | 17,277 | 10,744 | 3,079 | 712 | 737 | 982 | 1,282 | 1,709 | 1,581 | 2,987 | 4,040 | 7,675 |
| Investments | 21,907 | 21,251 | 27,321 | 29,332 | 27,025 | 25,494 | 24,639 | 31,731 | 29,655 | 29,766 | 29,735 | 33,991 |
| 16,531 | 17,946 | 17,799 | 22,207 | 20,603 | 21,503 | 20,769 | 22,117 | 35,521 | 32,066 | 30,047 | 33,225 | |
| Total Assets | 73,770 | 76,001 | 80,442 | 86,635 | 82,729 | 81,502 | 80,058 | 87,947 | 99,057 | 96,922 | 97,036 | 108,927 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,031 | 1,029 | 3,641 | 5,898 | 4,414 | 3,171 | 2,786 | 5,564 | 5,208 | 4,836 | 8,112 | 8,890 | |
| -3,403 | -318 | -1,050 | -1,229 | 2,287 | -811 | -2,244 | -3,486 | -1,937 | -1,481 | 312 | -7,432 | |
| 1,601 | -842 | -2,931 | -584 | -9,188 | -2,657 | 1,181 | -4,306 | -869 | -6,290 | -8,036 | -1,401 | |
| Net Cash Flow | 230 | -131 | -341 | 4,085 | -2,487 | -297 | 1,723 | -2,228 | 2,402 | -2,935 | 388 | 57 |
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 | 17 | 19 | 21 | 19 | 15 | 17 | 19 | 14 | 14 | 12 | 11 | 12 |
| Inventory Days | 178 | 152 | 158 | 169 | 157 | 153 | 179 | 219 | 189 | 152 | 126 | 131 |
| Days Payable | 87 | 63 | 74 | 89 | 81 | 77 | 64 | 121 | 99 | 73 | 57 | 61 |
| Cash Conversion Cycle | 107 | 108 | 105 | 98 | 91 | 93 | 135 | 112 | 104 | 91 | 79 | 82 |
| Working Capital Days | 21 | 25 | 44 | -35 | 28 | 33 | 7 | 6 | -2 | 34 | 34 | 27 |
| ROCE % | 4% | 5% | 4% | 6% | 6% | 4% | 4% | 3% | 14% | 8% | 9% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1m - Copies of Newspaper Publication on informing Investors about opening of special window of re-lodgement of physical transfer.
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Intimation Of Update On Fire Incident At Oswego Plant Of Novelis Inc. A Wholly Owned Subsidiary Of Hindalco Industries Limited
51m - Oswego Novelis fire: $550-650M FY26 negative FCF; $100-150M Adj. EBITDA hit; Hot Mill restart end-Dec 2025.
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Update: Q2FY26 Financial Results Of Novelis Inc., (Wholly Owned Subsidiary) Of The Company
2h - Novelis Q2 FY26 results released and Form 10‑Q filed; report published November 5, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
17h - Investor Presentation of Novelis Inc. (wholly owned subsidiary) for Q2FY26 ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17h - Novelis Q2 FY26: $4.7bn sales, $422m adjusted EBITDA, $163m net income; Oswego hot mill restart expected December 2025.
Annual reports
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Financial Year 2011
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Business Segments
1) Novelis (59% in 9M FY25 vs 65% in FY22): [1] [2] The subsidiary, Novelis is the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum. It offers solutions to diverse industries, including beverage cans, automobiles, aerospace, and specialty markets such as foil packaging, transportation products, etc. The segment reported a total shipment of 2,800 KT in 9M FY25 vs 2,722 KT in 9M FY24. [3] [4]