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 ₹ 2,14,217 Cr.
- Current Price ₹ 953
- High / Low ₹ 1,179 / 657
- Stock P/E 21.2
- Book Value ₹ 341
- Dividend Yield 0.52 %
- ROCE 17.1 %
- ROE 13.7 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 76.1% CAGR over last 5 years
Cons
- Stock is trading at 2.79 times its book value
- Company has a low return on equity of 9.82% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34,525 | 34,271 | 36,937 | 42,809 | 45,749 | 40,242 | 42,701 | 67,653 | 76,878 | 83,009 | 93,309 | 112,553 | |
| 31,103 | 30,916 | 32,125 | 37,685 | 41,503 | 36,578 | 38,607 | 56,455 | 69,456 | 75,509 | 82,148 | 96,280 | |
| Operating Profit | 3,423 | 3,355 | 4,812 | 5,124 | 4,246 | 3,664 | 4,094 | 11,198 | 7,422 | 7,500 | 11,161 | 16,273 |
| OPM % | 10% | 10% | 13% | 12% | 9% | 9% | 10% | 17% | 10% | 9% | 12% | 14% |
| 299 | 968 | 1,092 | 623 | 940 | 675 | 657 | 428 | 627 | 724 | 1,329 | 1,152 | |
| Interest | 1,637 | 2,390 | 2,323 | 1,901 | 1,683 | 1,679 | 1,469 | 1,417 | 1,300 | 1,268 | 939 | 886 |
| Depreciation | 837 | 1,282 | 1,428 | 1,617 | 1,693 | 1,708 | 1,708 | 1,752 | 1,874 | 1,961 | 2,029 | 2,307 |
| Profit before tax | 1,247 | 651 | 2,153 | 2,229 | 1,810 | 952 | 1,574 | 8,457 | 4,875 | 4,995 | 9,522 | 14,232 |
| Tax % | 26% | 15% | 28% | 36% | 33% | 35% | 37% | 35% | 32% | 26% | 33% | 29% |
| 925 | 552 | 1,557 | 1,436 | 1,205 | 620 | 993 | 5,507 | 3,326 | 3,697 | 6,387 | 10,080 | |
| EPS in Rs | 4.48 | 2.67 | 6.94 | 6.40 | 5.37 | 2.76 | 4.42 | 24.51 | 14.80 | 16.45 | 28.42 | 44.86 |
| Dividend Payout % | 22% | 37% | 16% | 19% | 22% | 36% | 67% | 16% | 20% | 21% | 17% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 21% |
| 3 Years: | 14% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 76% |
| 3 Years: | 45% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 20% |
| 3 Years: | 32% |
| 1 Year: | 42% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 207 | 207 | 223 | 223 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 |
| Reserves | 37,049 | 41,955 | 47,110 | 49,228 | 48,336 | 45,272 | 49,842 | 54,206 | 58,267 | 63,485 | 69,984 | 76,517 |
| 29,007 | 28,676 | 27,150 | 20,297 | 19,534 | 23,367 | 20,240 | 19,421 | 13,071 | 8,376 | 11,903 | 17,564 | |
| 9,739 | 9,604 | 12,153 | 12,981 | 13,410 | 11,197 | 17,643 | 25,208 | 25,362 | 24,953 | 26,818 | 38,037 | |
| Total Liabilities | 76,001 | 80,442 | 86,635 | 82,729 | 81,502 | 80,058 | 87,947 | 99,057 | 96,922 | 97,036 | 108,927 | 132,340 |
| 26,060 | 32,243 | 34,384 | 34,364 | 33,523 | 33,368 | 32,390 | 32,300 | 32,103 | 33,214 | 34,036 | 39,067 | |
| CWIP | 10,744 | 3,079 | 712 | 737 | 982 | 1,282 | 1,709 | 1,581 | 2,987 | 4,040 | 7,675 | 6,793 |
| Investments | 21,251 | 27,321 | 29,332 | 27,025 | 25,494 | 24,639 | 31,731 | 29,655 | 29,766 | 29,735 | 33,991 | 33,979 |
| 17,946 | 17,799 | 22,207 | 20,603 | 21,503 | 20,769 | 22,117 | 35,521 | 32,066 | 30,047 | 33,225 | 52,501 | |
| Total Assets | 76,001 | 80,442 | 86,635 | 82,729 | 81,502 | 80,058 | 87,947 | 99,057 | 96,922 | 97,036 | 108,927 | 132,340 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,029 | 3,641 | 5,898 | 4,414 | 3,171 | 2,786 | 5,564 | 5,208 | 4,836 | 8,112 | 8,890 | 8,134 | |
| -318 | -1,050 | -1,229 | 2,287 | -811 | -2,244 | -3,486 | -1,937 | -1,481 | 312 | -7,432 | -8,776 | |
| -842 | -2,931 | -584 | -9,188 | -2,657 | 1,181 | -4,306 | -869 | -6,290 | -8,036 | -1,401 | 1,067 | |
| Net Cash Flow | -131 | -341 | 4,085 | -2,487 | -297 | 1,723 | -2,228 | 2,402 | -2,935 | 388 | 57 | 425 |
| Free Cash Flow | -1,012 | 2,416 | 4,898 | 3,270 | 1,926 | 1,421 | 4,441 | 3,769 | 2,162 | 4,381 | 3,124 | 993 |
| CFO/OP | 37% | 120% | 120% | 100% | 77% | 40% | 131% | 60% | 76% | 119% | 94% | 50% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 21 | 19 | 15 | 17 | 19 | 14 | 14 | 12 | 11 | 12 | 17 |
| Inventory Days | 152 | 158 | 169 | 157 | 153 | 179 | 219 | 189 | 152 | 126 | 131 | 161 |
| Days Payable | 63 | 74 | 89 | 81 | 77 | 64 | 121 | 99 | 73 | 57 | 61 | 99 |
| Cash Conversion Cycle | 108 | 105 | 98 | 91 | 93 | 135 | 112 | 104 | 91 | 79 | 82 | 79 |
| Working Capital Days | 25 | 44 | -35 | 28 | 33 | 7 | 6 | -2 | 34 | 34 | 27 | 34 |
| ROCE % | 5% | 4% | 6% | 6% | 4% | 4% | 3% | 14% | 8% | 9% | 13% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Alumina Production KT |
|
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| Primary Aluminium Upstream Production KT |
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| Copper Cathode Production KT |
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| Novelis Total Shipments (FRP) KT |
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| Copper CC Rod Production KT |
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Extracted by Screener AI
Documents
Announcements
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Intimation Regarding Strike Off Of Wholly Owned Subsidiary
2d - Wholly owned subsidiary East Coast Bauxite Mining struck off effective June 22, 2026; no material impact.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Jun - Newspaper advertisement regarding the 67th Annual General Meeting
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Novelis Inc., A Wholly Owned Subsidiary Announced Entry Into A Material Definitive Agreement.
19 Jun - Novelis filed an 8-K on June 19, 2026 for a credit agreement amendment.
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Announcement Under Reg 30 Of SEBI LODR, 2015
19 Jun - Hindalco commissioned a bicycle components facility at Chakan, Pune, with annual capacity of 5 lakh frames/forks.
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Announcement under Regulation 30 (LODR)-Change in Management
18 Jun - Rohit Pathak to exit as CEO-Copper by Feb 28, 2027; Kapil Agrawal appointed CEO-designate from Nov 1, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2023
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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 2013
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Financial Year 2012
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Financial Year 2011
from nse
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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]