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 ₹ 2,45,498 Cr.
- Current Price ₹ 1,092
- High / Low ₹ 1,179 / 635
- Stock P/E 14.0
- Book Value ₹ 608
- Dividend Yield 0.44 %
- ROCE 13.7 %
- ROE 13.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
Cons
- Company has a low return on equity of 12.7% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104,281 | 98,759 | 100,184 | 115,183 | 130,542 | 118,144 | 132,008 | 195,059 | 223,202 | 215,962 | 238,496 | 274,944 | |
| 95,437 | 90,981 | 87,867 | 101,488 | 115,031 | 103,838 | 114,449 | 166,712 | 200,536 | 192,090 | 206,691 | 240,064 | |
| Operating Profit | 8,844 | 7,778 | 12,317 | 13,695 | 15,511 | 14,306 | 17,559 | 28,347 | 22,666 | 23,872 | 31,805 | 34,880 |
| OPM % | 8% | 8% | 12% | 12% | 12% | 12% | 13% | 15% | 10% | 11% | 13% | 13% |
| -832 | 1,500 | 1,198 | 2,879 | 1,127 | 906 | -987 | 1,253 | 1,307 | 1,519 | 1,832 | -4,074 | |
| Interest | 4,178 | 5,134 | 5,742 | 3,911 | 3,778 | 4,197 | 3,738 | 3,768 | 3,646 | 3,858 | 3,419 | 3,480 |
| Depreciation | 3,493 | 4,347 | 4,457 | 4,506 | 4,777 | 5,091 | 6,628 | 6,729 | 7,086 | 7,521 | 7,881 | 8,830 |
| Profit before tax | 340 | -203 | 3,315 | 8,157 | 8,083 | 5,924 | 6,206 | 19,103 | 13,241 | 14,012 | 22,337 | 18,496 |
| Tax % | 75% | 245% | 43% | 25% | 32% | 36% | 44% | 28% | 24% | 28% | 28% | 28% |
| 259 | -702 | 1,882 | 6,083 | 5,495 | 3,767 | 3,483 | 13,730 | 10,097 | 10,155 | 16,002 | 13,391 | |
| EPS in Rs | 4.14 | -1.21 | 8.47 | 27.10 | 24.48 | 16.77 | 15.50 | 61.10 | 44.93 | 45.19 | 71.20 | 59.59 |
| Dividend Payout % | 24% | -82% | 13% | 4% | 5% | 6% | 19% | 6% | 7% | 8% | 7% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 7% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 79% |
| 5 Years: | 36% |
| 3 Years: | 20% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 23% |
| 3 Years: | 39% |
| 1 Year: | 77% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 38,122 | 40,402 | 45,836 | 54,629 | 57,279 | 58,095 | 66,311 | 77,969 | 94,584 | 105,924 | 123,487 | 136,361 |
| 68,468 | 67,552 | 63,817 | 52,074 | 52,415 | 68,399 | 67,206 | 64,486 | 60,291 | 56,356 | 63,929 | 99,161 | |
| 34,950 | 32,986 | 36,268 | 40,088 | 42,056 | 41,902 | 55,083 | 79,178 | 68,392 | 68,221 | 76,662 | 112,051 | |
| Total Liabilities | 141,746 | 141,146 | 146,144 | 147,014 | 151,972 | 168,618 | 188,822 | 221,855 | 223,489 | 230,723 | 264,300 | 347,795 |
| 71,959 | 85,648 | 84,687 | 85,088 | 85,860 | 89,195 | 100,269 | 106,874 | 110,626 | 111,810 | 116,556 | 132,208 | |
| CWIP | 14,111 | 4,214 | 1,814 | 2,063 | 4,097 | 7,721 | 10,202 | 4,945 | 7,700 | 14,867 | 27,397 | 47,569 |
| Investments | 12,346 | 12,463 | 15,157 | 10,781 | 9,012 | 9,411 | 17,133 | 14,119 | 14,116 | 15,444 | 24,158 | 24,958 |
| 43,330 | 38,821 | 44,486 | 49,081 | 53,003 | 62,291 | 61,218 | 95,917 | 91,047 | 88,602 | 96,189 | 143,060 | |
| Total Assets | 141,746 | 141,146 | 146,144 | 147,014 | 151,972 | 168,618 | 188,822 | 221,855 | 223,489 | 230,723 | 264,300 | 347,795 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,143 | 11,688 | 12,687 | 10,898 | 11,977 | 12,665 | 17,232 | 16,838 | 19,208 | 24,056 | 24,410 | 10,250 | |
| -3,873 | -3,220 | -2,876 | 5,333 | -5,456 | -7,101 | -25,280 | -6,773 | -7,559 | -14,267 | -24,609 | -26,583 | |
| -2,437 | -8,862 | -5,552 | -16,412 | -5,466 | 6,610 | -4,882 | -6,765 | -10,450 | -10,817 | -1,816 | 20,087 | |
| Net Cash Flow | 833 | -394 | 4,259 | -181 | 1,055 | 12,174 | -12,930 | 3,300 | 1,199 | -1,028 | -2,015 | 3,754 |
| Free Cash Flow | 1,427 | 7,636 | 9,818 | 7,942 | 6,009 | 5,933 | 11,715 | 11,483 | 9,571 | 8,378 | 4,006 | -19,508 |
| CFO/OP | 94% | 166% | 109% | 94% | 89% | 89% | 105% | 73% | 97% | 112% | 94% | 48% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 32 | 29 | 30 | 32 | 32 | 29 | 36 | 39 | 27 | 28 | 30 | 36 |
| Inventory Days | 104 | 103 | 120 | 115 | 103 | 120 | 146 | 138 | 111 | 111 | 123 | 156 |
| Days Payable | 87 | 92 | 115 | 108 | 96 | 98 | 135 | 128 | 93 | 94 | 102 | 127 |
| Cash Conversion Cycle | 49 | 40 | 36 | 38 | 39 | 51 | 47 | 49 | 45 | 45 | 51 | 65 |
| Working Capital Days | -6 | 4 | -17 | 17 | 18 | 3 | 3 | -3 | 13 | 9 | 23 | 13 |
| ROCE % | 6% | 4% | 8% | 10% | 11% | 9% | 9% | 17% | 11% | 11% | 15% | 14% |
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 ・Standalone data |
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| Copper Cathode Production KT ・Standalone data |
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| Novelis Total Shipments (FRP) KT |
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| Copper CC Rod Production KT ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21h - Hindalco launches Eternia flagship centre in Delhi; Bilaspur facility to make 250,000 sq ft windows monthly.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper advertisement regarding Notice of Transfer of equity shares of the Company to IEPF.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 May - Hindalco to attend investor conferences on June 1, 2, 4 and 8, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Hindalco issued FY26 secretarial compliance report; one prior-intimation delay fined Rs 11,800.
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Communication Sent To The Shareholders Regarding ''''Deduction Of Tax At Source On Dividend Payment Of Hindalco Industries Limited
26 May - Board recommended Rs. 5 dividend per share for FY26; shareholders must submit TDS documents by June 30, 2026.
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]