Hindalco Industries Ltd.

NSE: HINDALCO · Metals & Mining

₹958.40+2.19%06 Nov 2026

Ask the data

Instant answers about Hindalco Industries Ltd. — computed from its filings, no language model

Market cap₹2,12,765 cr

Current price₹958.40

High / Low₹1,150 / ₹775

P/E11.1

P/B1.33

Book value₹719.2

ROE12.0%

ROCE11.1%

Debt / equity0.69

Dividend yield0.52%

EPS (TTM)₹86.45

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,18,144	1,31,985	1,95,059	2,23,202	2,15,962	2,38,496	2,74,944
EBITDA	14,306	17,536	28,347	22,666	23,872	31,805	34,884
Operating margin	12.1%	13.3%	14.5%	10.2%	11.1%	13.3%	12.7%
Interest	4,197	3,738	3,768	3,646	3,858	3,419	3,480
Depreciation	5,091	6,628	6,729	7,086	7,521	7,881	8,830
Profit before tax	5,920	7,900	19,568	13,232	14,010	22,334	18,500
Tax	2,157	2,723	5,373	3,144	3,857	6,335	5,105
Net profit	3,767	3,483	13,730	10,097	10,155	16,001	13,391
EPS ₹	16.94	15.66	61.73	45.42	45.71	72.05	60.31
Operating cash flow	—	—	16,838	19,208	24,056	24,410	10,250
Capex	—	—	5,426	9,842	15,728	20,649	30,096
Dividend paid	—	—	667	0	667	778	1,110
Total assets	—	1,89,746	2,23,062	2,24,817	2,31,907	2,65,991	3,47,795
Equity	—	66,533	78,191	94,806	1,06,146	1,23,709	1,36,583

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	29,972	29,657	29,197	29,318	25,283	31,237	34,958	40,507	41,358	47,665	50,272	55,764	58,018	56,176	53,151	55,857	52,991	54,169	52,808	55,994	57,013	58,203	58,390	64,890	64,232	66,058	66,521	78,133	84,825	91,708
Operating profit	3,470	3,631	3,364	3,840	1,933	4,750	5,198	5,655	6,173	7,555	7,312	7,304	8,429	5,362	3,548	5,327	5,714	5,612	5,865	6,681	7,503	7,883	7,583	8,836	7,906	8,966	7,994	10,018	13,932	12,814
Operating margin	11.6%	12.2%	11.5%	13.1%	7.6%	15.2%	14.9%	14.0%	14.9%	15.9%	14.5%	13.1%	14.5%	9.5%	6.7%	9.5%	10.8%	10.4%	11.1%	11.9%	13.2%	13.5%	13.0%	13.6%	12.3%	13.6%	12.0%	12.8%	16.4%	14.0%
Other income	296	287	297	306	419	291	323	189	267	398	181	293	211	328	366	352	391	463	280	362	424	1,075	509	700	602	713	549	1,025	1,057	943
Interest	957	922	889	1,429	992	982	861	903	820	1,291	852	805	847	879	934	986	992	1,034	944	888	859	869	817	874	754	803	881	1,042	966	933
Depreciation	1,233	1,249	1,287	1,322	1,544	1,708	1,655	1,721	1,645	1,640	1,683	1,761	1,749	1,713	1,768	1,856	1,786	1,843	1,874	2,018	1,892	1,932	1,939	2,118	2,080	2,155	2,220	2,375	2,337	2,524
Profit before tax	1,555	1,491	1,479	1,395	-603	2,422	2,827	3,254	4,551	5,042	5,195	4,780	6,085	3,098	1,212	2,837	3,315	3,231	3,327	4,137	4,846	5,643	5,295	6,550	5,674	6,539	2,832	3,455	9,387	10,584
Tax	493	518	419	727	-31	637	808	1,309	1,299	1,615	1,538	921	1,969	895	-148	428	863	1,035	997	962	1,774	1,734	1,561	1,266	1,672	1,799	780	854	2,380	3,061
Net profit	1,063	974	1,061	669	-709	387	1,877	1,928	0	3,417	0	3,851	4,119	2,205	1,362	2,411	2,454	2,196	2,331	3,174	3,074	3,909	3,735	5,283	4,004	4,741	2,049	2,597	7,013	7,532
EPS ₹	4.78	4.38	4.77	3.01	-3.19	1.74	8.44	8.67	12.53	15.36	16.53	17.31	18.52	9.92	6.13	10.85	11.05	9.88	10.50	14.29	13.84	17.59	16.82	23.80	18.03	21.35	9.23	11.70	31.58	33.93
Revenue YoY	—	—	—	—	-15.6%	5.3%	19.7%	38.2%	63.6%	52.6%	43.8%	37.7%	40.3%	17.9%	5.7%	0.2%	-8.7%	-3.6%	-0.6%	0.2%	7.6%	7.4%	10.6%	15.9%	12.7%	13.5%	13.9%	20.4%	32.1%	38.8%
Profit YoY	—	—	—	—	-166.7%	-60.3%	76.9%	188.2%	—	782.9%	-100.0%	99.7%	—	-35.5%	—	-37.4%	-40.4%	-0.4%	71.1%	31.6%	25.3%	78.0%	60.2%	66.4%	30.3%	21.3%	-45.1%	-50.8%	75.1%	58.9%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Hindalco Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	19,536	23,859	26,597	26,057	27,851	34,525	34,318	38,821	43,419	45,737
Operating profit	2,950	3,185	3,116	2,204	2,492	3,417	3,318	4,921	4,624	4,247
Operating margin	15.1%	13.4%	11.7%	8.5%	8.9%	9.9%	9.7%	12.7%	10.6%	9.3%
Other income	260	317	605	983	1,124	882	1,066	898	948	940
Interest	278	220	294	436	712	1,637	2,375	2,323	—	1,683
Depreciation	667	687	690	704	823	837	1,277	1,428	1,602	1,693
Profit before tax	2,265	2,595	2,737	2,047	1,685	1,247	733	2,153	2,227	1,810
Tax	349	458	500	347	272	322	125	596	791	605
Net profit	1,916	2,137	2,237	1,699	1,413	925	607	1,557	1,436	1,205

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	4,960	4,532	5,010	4,648	5,683	4,117	3,899	4,917	5,315	5,404	5,178	5,860	5,975	6,846	6,031	6,272	6,647	7,647	6,028	6,164	6,872	6,994	5,838	6,305	7,273	8,435	7,996	8,554	8,603	9,372	8,575	8,925	8,150	8,668	7,597	9,562	9,915	11,747	10,407	10,308	11,023	11,681	10,593	10,833	11,938	12,373
Operating profit	922	801	797	949	993	779	758	609	748	835	832	698	740	914	867	669	715	865	463	515	582	643	478	540	629	844	748	897	923	848	877	603	672	1,166	1,232	1,156	1,185	1,347	1,148	1,390	829	1,258	1,325	1,091	928	902
Operating margin	18.6%	17.7%	15.9%	20.4%	17.5%	18.9%	19.4%	12.4%	14.1%	15.5%	16.1%	11.9%	12.4%	13.4%	14.4%	10.7%	10.8%	11.3%	7.7%	8.4%	8.5%	9.2%	8.2%	8.6%	8.7%	10.0%	9.4%	10.5%	10.7%	9.0%	10.2%	6.8%	8.2%	13.5%	16.2%	12.1%	12.0%	11.5%	11.0%	13.5%	7.5%	10.8%	12.5%	10.1%	7.8%	7.3%
Other income	110	114	144	215	177	150	75	57	50	78	69	82	61	105	178	176	90	160	301	132	318	231	428	280	204	212	216	223	212	230	194	418	250	204	119	336	220	223	256	187	299	205	105	201	273	361
Interest	63	62	99	76	86	93	68	66	73	71	59	53	52	56	67	68	79	80	81	28	169	158	149	183	165	215	338	386	447	466	602	616	582	575	600	594	588	541	488	484	—	446	411	424	434	414
Depreciation	145	146	152	157	159	161	165	166	168	168	169	172	171	176	175	174	175	166	170	173	188	173	183	196	200	244	187	196	216	238	332	296	308	341	338	352	358	380	379	380	382	460	404	400	429	460
Profit before tax	824	707	690	931	926	675	600	434	557	674	673	556	578	787	803	604	551	779	513	447	543	544	575	440	469	202	440	107	472	227	138	109	31	455	413	632	459	648	433	608	631	556	616	468	338	389
Tax	181	164	-386	234	206	131	119	90	130	10	139	122	118	79	159	101	100	139	88	88	109	62	101	83	135	-46	113	29	113	68	31	5	-9	98	119	192	139	146	143	215	254	179	202	159	91	153
Net profit	643	543	1,077	697	720	545	481	344	427	664	534	434	460	708	644	503	451	640	425	359	434	482	474	357	334	248	328	79	359	160	107	103	40	356	294	440	321	503	290	393	377	377	414	309	247	236
EPS ₹	5.78	4.42	8.78	5.68	5.87	3.37	2.83	2.02	2.41	3.47	2.79	2.27	2.41	3.70	3.36	2.62	2.35	3.34	2.22	1.87	2.26	2.52	2.48	1.85	1.62	1.20	1.59	0.38	1.74	0.77	0.52	0.50	0.20	1.73	1.44	2.15	1.56	2.40	1.30	1.76	1.70	1.69	1.86	1.38	1.11	1.06
Revenue YoY	—	—	—	—	14.6%	-9.1%	-16.1%	-13.5%	29.1%	—	32.8%	19.2%	12.4%	26.7%	16.5%	7.0%	11.3%	11.7%	-0.0%	-1.7%	3.4%	-8.5%	-3.2%	2.3%	5.8%	20.6%	37.0%	35.7%	18.3%	11.1%	7.2%	4.3%	-5.3%	-7.5%	-11.4%	7.1%	21.7%	35.5%	37.0%	7.8%	11.2%	-0.6%	1.8%	5.1%	8.3%	5.9%
Profit YoY	—	—	—	—	12.0%	0.4%	-31.0%	-52.2%	-21.6%	—	11.2%	26.1%	7.8%	6.7%	20.5%	15.8%	-2.1%	-9.7%	-34.0%	-28.6%	-3.8%	-24.7%	11.6%	-0.5%	-23.0%	-48.5%	-30.9%	-77.9%	7.6%	-35.7%	-67.3%	31.1%	-88.7%	123.4%	174.3%	325.8%	692.3%	41.0%	-1.6%	-10.7%	17.7%	-25.0%	42.8%	-21.4%	-34.4%	-37.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	5.2%	6.3%	10.9%	8.0%	9.3%	14.6%	11.2%	12.7%	10.7%	8.9%	8.5%	9.4%	9.6%	10.2%	10.8%	12.1%	12.9%	13.7%	13.2%	11.9%	9.8%	12.0%	12.0%
ROCE	—	—	—	—	8.8%	12.5%	14.8%	16.5%	16.5%	17.6%	14.8%	12.2%	11.0%	9.3%	9.3%	10.7%	11.1%	12.0%	12.3%	13.4%	13.9%	14.3%	13.2%	12.0%	9.4%	11.1%	11.1%
Net margin	3.2%	1.8%	1.2%	1.8%	2.6%	2.8%	4.4%	3.0%	3.7%	5.4%	4.6%	5.2%	4.5%	3.9%	3.9%	4.4%	4.7%	4.9%	5.6%	6.1%	6.7%	6.9%	7.0%	6.1%	4.9%	5.5%	6.0%
EBITDA margin	12.1%	11.3%	12.1%	13.0%	13.3%	14.7%	14.9%	14.8%	14.5%	14.5%	12.9%	11.0%	10.2%	9.1%	9.3%	10.4%	11.1%	11.7%	12.5%	12.9%	13.3%	13.1%	13.1%	12.9%	12.7%	13.8%	13.9%
Debt / equity	—	—	—	—	0.99	0.99	0.99	0.99	0.81	0.81	0.68	0.68	0.62	0.62	0.57	0.57	0.51	0.51	0.51	0.51	0.50	0.50	0.54	0.54	0.71	0.71	0.69
Interest coverage	2.41	1.89	2.09	2.42	3.11	4.66	5.04	5.67	6.19	6.56	6.66	5.38	4.63	3.76	3.68	4.21	4.63	5.17	6.04	6.80	7.53	7.99	8.41	7.52	6.32	7.02	7.87
Asset turnover	—	—	—	—	0.70	0.78	0.87	0.95	0.87	0.95	0.98	1.00	0.99	0.97	0.96	0.96	0.93	0.95	0.89	0.91	0.90	0.92	0.85	0.88	0.79	0.85	0.85

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	222	222	222	222	222	222	222	222	222	222	222
Other equity / reserves	66,311	77,969	90,662	94,584	99,273	1,05,924	1,14,954	1,23,487	1,34,644	1,36,361	1,59,444
Total equity	66,533	78,191	90,884	94,806	99,495	1,06,146	1,15,176	1,23,709	1,34,866	1,36,583	1,59,666
Borrowings	65,978	63,235	61,533	58,335	56,575	54,501	59,121	61,931	72,670	96,659	1,10,528
Current liabilities	48,790	77,273	63,651	60,457	57,419	59,351	68,885	65,516	78,844	1,16,509	1,18,016
Non-current liabilities	74,700	67,587	69,486	69,543	67,816	66,399	68,192	76,754	82,848	94,691	1,01,018
Total assets	1,89,746	2,23,062	2,24,122	2,24,817	2,24,741	2,31,907	2,52,264	2,65,991	2,96,680	3,47,795	3,78,713
Property, plant & equipment	70,849	76,470	76,747	78,530	78,292	79,698	79,087	84,237	88,274	94,217	95,683
Capital work-in-progress	10,013	4,727	5,220	7,340	10,924	14,643	22,341	27,023	34,680	47,569	62,917
Investments	—	—	13,532	14,116	12,608	15,444	22,453	24,158	29,506	24,958	26,589
Inventories	30,668	44,483	45,842	42,958	42,522	40,812	47,625	48,801	60,379	75,517	86,413
Receivables	13,012	21,076	19,725	16,214	16,628	16,404	18,016	19,834	20,649	27,222	28,110
Cash & equivalents	8,339	11,639	11,788	12,840	10,872	11,816	9,645	9,808	10,944	14,350	13,028

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	7,956	7,143	11,688	12,687	10,888	17,232	16,838	19,208	24,056	24,410	10,250
Cash from investing	-8,115	-3,793	-3,522	-2,789	5,026	-25,637	-7,074	-8,121	-14,276	-24,739	-26,583
Cash from financing	1,493	-2,437	-8,862	-5,552	-16,412	-4,882	-6,765	-10,345	-10,817	-1,816	20,087
Capex	9,424	5,978	—	—	—	—	5,426	9,842	15,728	20,649	30,096
Free cash flow	-1,468	1,165	—	—	—	—	11,412	9,366	8,328	3,761	-19,846
Dividends paid	315	249	256	248	294	222	667	0	667	778	1,110

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹95,683 cr25%

CWIP

₹62,917 cr17%

Investments

₹26,589 cr7%

Inventories

₹86,413 cr23%

Receivables

₹28,110 cr7%

Cash & equivalents

₹13,028 cr3%

Other assets

₹65,973 cr17%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+5.2%

6 months-9.2%

1 year+11.9%

3Y CAGR+25.7%

5Y CAGR+15.3%

10Y CAGR+19.1%

50-day avg₹950.43

200-day avg₹980.74

RSI (14)67

Long-term financials (FY12–FY12)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY12	₹80,821 Cr	₹4,345 Cr	₹3,397 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Hindalco Industries Ltd. with

Adani Enterprises vs Hindalco Industries JSW Steel vs Hindalco Industries Hindustan Zinc vs Hindalco Industries Tata Steel vs Hindalco Industries Hindalco Industries vs Vedanta Aluminium Metal

FAQs

What is the share price of Hindalco Industries Ltd.?

Hindalco Industries Ltd. (HINDALCO) closed at ₹958.40 on NSE on 06 Nov 2026.

What is the market cap of Hindalco Industries Ltd.?

₹2,12,765 crore at the latest close.

What is the P/E ratio of Hindalco Industries Ltd.?

11.1, on trailing-twelve-month earnings from its filings.

How fast is Hindalco Industries Ltd. growing?

Hindalco Industries Ltd.: revenue has compounded at 7.2% a year over three years; net profit at 9.9% a year. Latest-quarter revenue is up 38.8% year on year, profit up 58.9%.

How profitable is Hindalco Industries Ltd.?

On a trailing-twelve-month basis return on equity is 12.0%, return on capital employed 11.1%, operating margin 13.9%, net margin 6.0%.

How much debt does Hindalco Industries Ltd. have?

Hindalco Industries Ltd. is moderately geared: debt to equity is 0.69 with borrowings of ₹1,10,528 cr against cash of ₹13,028 cr (balance sheet of 2026-09-30). Operating profit covers interest 7.9 times.

Financials parsed from Hindalco Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '21. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.