Hindalco Industries Ltd
NSE: HINDALCO · Aluminium · sector
₹885.65NSE close 2026-10-26
Key numbers
Market cap₹1,96,614 cr
Price₹885.65
52w high / low₹1,176 / ₹770
P/E12.0xSector median 11.2x
P/B1.4xSector median 1.8x
Book value₹615.2
Dividend yield0.56%Sector median 0.56%
ROE12.6%Sector median 11.7%
ROCE11.1%Sector median 17.4%
OPM10.7%Sector median 7.5%
Debt / equity0.71xSector median 0.67x
EV/EBITDA8.6xSector median 8.6x
Interest cover7.0x
Current ratio1.21x
Sales growth 3y+7.2%Sector median +6.9%
Profit growth 3y+9.9%Sector median +9.9%
PEG1.21x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 15 companies in Aluminium (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹22,692 cr vs borrowings ₹96,659 cr (FY26): borrowings are higher by ₹73,967 cr.
- Operating profit covered interest 7.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 20% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹885.65 on 2026-10-26: -24.7% from the 52-week high, +15.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,146.30 · low ₹564.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58,203 | 58,390 | 64,890 | 64,232 | 66,058 | 66,521 | 78,133 | 84,825 |
| EBITDA | 7,369 | 7,542 | 8,842 | 7,906 | 8,784 | 5,384 | 5,847 | 11,633 |
| OPM % | 12.7% | 12.9% | 13.6% | 12.3% | 13.3% | 8.1% | 7.5% | 13.7% |
| Other income | 1,075 | 509 | 700 | 602 | 713 | 549 | 1,025 | 1,057 |
| Net profit | 3,909 | 3,735 | 5,283 | 4,004 | 4,741 | 2,049 | 2,597 | 7,013 |
| EPS (₹) | 17.59 | 16.82 | 23.80 | 18.03 | 21.35 | 9.23 | 11.70 | 31.58 |
| Revenue YoY | +13.5% | +13.9% | +20.4% | +32.1% | ||||
| Profit YoY | +21.3% | -45.1% | -50.8% | +75.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,95,059 | 2,23,202 | 2,15,962 | 2,38,496 | 2,74,944 | 2,95,537 |
| EBITDA | 28,929 | 22,707 | 23,893 | 30,926 | 27,921 | 31,648 |
| Net profit | 13,730 | 10,097 | 10,155 | 16,001 | 13,391 | 16,400 |
| EPS (₹) | 61.73 | 45.42 | 45.71 | 72.05 | 60.31 | 73.86 |
| Revenue growth | +14.4% | -3.2% | +10.4% | +15.3% | +20.3% | |
| Profit growth | -26.5% | +0.6% | +57.6% | -16.3% | -3.1% | |
| Dividend / share (₹) | 3.00 | 4.00 | 3.00 | 3.50 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.2% | +15.8% | +20.3% |
| Net profit | +9.9% | +30.9% | -3.1% |
| EPS | +9.9% | +31.0% | – |
| Share price | – | +9.9% (2y) | +13.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 94,806 | 1,06,146 | 1,23,709 | 1,36,583 |
| Borrowings | – | 58,335 | 54,501 | 61,931 | 96,659 |
| Cash & equivalents | – | 21,225 | 17,709 | 21,378 | 22,692 |
| Total assets | – | 2,24,817 | 2,31,907 | 2,65,991 | 3,47,795 |
| Fixed assets | – | 78,530 | 79,698 | 84,237 | 94,217 |
| Capital work in progress | – | 7,340 | 14,643 | 27,023 | 47,569 |
| Investments | – | 8,180 | 12,062 | 13,502 | 16,817 |
| Receivables | – | 16,214 | 16,404 | 19,834 | 27,222 |
| Inventory | – | 42,958 | 40,812 | 48,801 | 75,517 |
| Payables | – | 35,860 | 34,444 | 40,632 | 61,624 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 16,838 | 19,208 | 24,056 | 24,410 | 10,250 |
| Cash from investing | -7,074 | -8,121 | -14,276 | -24,739 | -26,583 |
| Cash from financing | -6,765 | -10,345 | -10,817 | -1,816 | 20,087 |
| Capex | 5,426 | 9,842 | 15,728 | 20,649 | 30,096 |
| Free cash flow | 11,412 | 9,366 | 8,328 | 3,761 | -19,846 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.7% | 9.6% | 12.9% | 9.8% |
| ROCE % | – | 11.0% | 11.1% | 13.9% | 9.4% |
| Debtor days | – | 27 | 28 | 30 | 36 |
| Inventory days | – | 111 | 111 | 123 | 156 |
| Payable days | – | 93 | 94 | 102 | 127 |
| Cash conversion cycle (days) | – | 45 | 45 | 51 | 65 |
| Working capital days | – | 47 | 39 | 56 | 32 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 34.66% |
| FIIs | 34.43% |
| DIIs | 20.97% |
| of which Mutual funds | 10.94% |
| of which Insurance | 6.68% |
| Government | 0.23% |
| Public (non-institutions) | 9.22% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 34.64% | 34.64% | 34.64% | 34.64% | 34.64% | 34.64% | 34.66% | 34.66% |
| Promoter group | % |
|---|---|
| Igh Holdings Private Limited | 15.58% |
| Birla Group Holdings Private Limited | 11.38% |
| Grasim Industries Ltd | 3.92% |
| Pilani Investment And Industries | 1.33% |
| Birla Institute Of Technology And Science | 0.96% |
| Trustee Holding Shares Under the Scheme of Merger of Hil/igcl/igfl on Behalf of Hindalco | 0.73% |
| PT Indo Bharat Rayon | 0.43% |
| P T Sunrise Bumi Textiles | 0.13% |
| PT Elegant Textile Industry | 0.08% |
| Kumar Mangalam Birla | 0.06% |
| Aditya Vikram Kumarmangalam Birla Huf. | 0.03% |
| Rajashree Birla | 0.03% |
| Vasavadatta Bajaj | 0.01% |
| Neerja Birla | 0.01% |
| Aryaman Vikram Birla | 0.00% |
| Public holders above 1% | % |
|---|---|
| Morgan Guaranty Trust Company of NEW York, Asdepositary | 4.25% |
| Lici Index Plus Flexi Growth Fund | 4.24% |
| NPS Trust - A/C LIC Pension Fund Scheme - NPS Tier-ii Composite Scheme | 2.80% |
| Government of Singapore | 2.56% |
| SBI Balanced Advantage Fund | 2.01% |
| ICICI Prudential Equity Savings Fund | 1.80% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Aggressive Hybrid Fund | 1.19% |
7,04,736 shareholders. Pledged: 0.00% of promoter shares.
Peers in Aluminium
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HINDALCO | ₹1,96,614 cr | 12.0x | 1.4x | 12.6% | 11.1% | 10.7% | +7.2% | 0.56% |
| VAML | ₹68,502 cr | – | – | – | – | – | – | – |
| NATIONALUM | ₹57,377 cr | 8.5x | 2.6x | 34.3% | 42.2% | 47.4% | +7.8% | 3.52% |
| ARFIN | ₹1,449 cr | 78.8x | 8.5x | 10.8% | 15.2% | 6.9% | – | 0.13% |
| MAANALU | ₹527 cr | 35.2x | 1.9x | 6.2% | 7.0% | 2.5% | -0.2% | – |
| MSAFE | ₹474 cr | 18.6x | 6.1x | 28.9% | 42.8% | 39.5% | – | – |
| PGFOILQ | ₹221 cr | 6.8x | 0.7x | -1.0% | 2.3% | 0.9% | -1.9% | – |
| MANAKALUCO | ₹183 cr | 20.9x | 1.3x | 6.4% | 10.6% | 8.7% | +6.5% | 0.25% |
| PALCO | ₹79 cr | 10.3x | 4.4x | 51.6% | 30.3% | 4.5% | +1,703.2% | – |
| HINDALUMI | ₹55 cr | 14.7x | 0.6x | 4.2% | -1.4% | -22.7% | +44.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| (a) Novelis | ₹1,62,882 cr | 56.1% | ₹14,546 cr | 8.9% |
| (d) Copper | ₹69,838 cr | 24.1% | ₹2,809 cr | 4.0% |
| (b) Aluminium upstream | ₹41,447 cr | 14.3% | ₹18,884 cr | 45.6% |
| (c) Aluminium downstream | ₹15,938 cr | 5.5% | ₹978 cr | 6.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-10 | Dividend | Dividend - Rs 5 Per Share |
| 2025-08-08 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-09 | Dividend | Annual General Meeting/Dividend - Rs 3.5 Per Share |
| 2023-08-14 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-08-12 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2020-09-03 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2019-08-14 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2018-09-12 | Dividend | Dividend- Rs 1.20 Per Share |
| 2017-09-05 | Dividend | Annual General Meeting/Dividend - Rs 1.10 Per Share |
| 2016-09-06 | Dividend | Dividend - Re 1/- Per Share |
| 2015-09-07 | Dividend | Dividend - Re 1 Per Share |
| 2014-09-08 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-08-30 | Dividend | Annual General Meeting And Dividend Rs.1.40 Per Share |
| 2012-08-31 | Dividend | Annual General Meeting/Dividend Rs 1.55 Per Share |
| 2011-09-14 | Dividend | Dividend-Rs.1.50 Per Share |
| 2010-08-24 | Dividend | Dividend-Rs.1.35 Per Share |
| 2009-09-10 | Dividend | Dividend-Rs.1.35 Pr Share |
| 2008-08-28 | Other | Rhs 3:7@Prem Rs95/Div185% |
| 2007-07-23 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Aluminium:
- Copper: Hindalco produces LME grade copper cathodes, continuous cast copper rods in various sizes, and precious metals like gold and silver. Hindalco is one of the major manufacturers of 19.6mm diameter copper rods, which are used for railway electrification. The co-product, sulphuric acid, is partly utilised to produce phosphoric acid and fertilisers like di-ammonium phosphate (DAP)
| Sector | Commodities |
| Industry | Aluminium |
| Sub-industry | Aluminium |
| Symbol | HINDALCO |
| BSE code | 500440 |
| ISIN | INE038A01020 |
| Face value | ₹1.0 |
| Incorporated | 1958-12-15 |
| Website | www.hindalco.com |
| Plants (India / abroad) | 16 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.