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Last Updated: April 2, 2026, 3:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500440 | NSE: HINDALCO

Hindalco Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹790.56Overvalued by 12.65%vs CMP ₹905.00

P/E (11.7) × ROE (14.0%) × BV (₹600.00) × DY (0.55%)

₹732.62Overvalued by 19.05%vs CMP ₹905.00
MoS: -23.5% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹815.9323%Fair (-9.8%)
Graham NumberEarnings₹982.8116%Fair (+8.6%)
Earnings PowerEarnings₹79.1911%Over (-91.2%)
DCFCash Flow₹566.8714%Over (-37.4%)
Net Asset ValueAssets₹600.417%Over (-33.7%)
EV/EBITDAEnterprise₹1,080.089%Under (+19.3%)
Earnings YieldEarnings₹715.507%Over (-20.9%)
ROCE CapitalReturns₹668.427%Over (-26.1%)
Revenue MultipleRevenue₹1,061.765%Under (+17.3%)
Consensus (9 models)₹732.62100%Overvalued
Key Drivers: Wide model spread (₹79–₹1,080) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 3.2%

*Investments are subject to market risks

Investment Snapshot

63
Hindalco Industries Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health69/100 · Strong
ROCE 14.8% GoodROE 14.0% GoodD/E 0.97 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.01% (6mo) Slight increaseDII holding down 1.51% MF sellingPromoter holding at 34.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +13% YoY GrowingProfit (4Q): +42% YoY Strong
Industry Rank60/100 · Moderate
P/E 11.7 vs industry 47.7 Cheaper than peersROCE 14.8% vs industry 16.5% Average3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:02 am

Market Cap 2,03,284 Cr.
Current Price 905
Intrinsic Value₹732.62
High / Low 1,030/546
Stock P/E11.7
Book Value 600
Dividend Yield0.55 %
ROCE14.8 %
ROE14.0 %
Face Value 1.00
PEG Ratio3.65

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hindalco Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hindalco Industries Ltd 2,03,284 Cr. 905 1,030/54611.7 6000.55 %14.8 %14.0 % 1.00
National Aluminium Company Ltd 73,364 Cr. 399 432/13811.9 1092.63 %43.7 %32.6 % 5.00
Maan Aluminium Ltd 756 Cr. 126 186/78.549.5 34.60.00 %12.1 %10.5 % 5.00
MMP Industries Ltd 516 Cr. 203 318/18512.5 1260.98 %14.3 %12.8 % 10.0
Manaksia Aluminium Company Ltd 150 Cr. 22.8 68.3/20.623.7 21.10.31 %10.5 %4.56 % 1.00
Industry Average55,614.00 Cr238.7947.72129.490.64%16.46%12.76%6.00

All Competitor Stocks of Hindalco Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 56,17653,15155,85752,99154,16952,80855,99457,01358,20358,39064,89064,23266,058
Expenses 50,81449,60350,53047,27748,55746,94349,31449,51050,32050,80756,05456,32657,092
Operating Profit 5,3623,5485,3275,7145,6125,8656,6807,5037,8837,5838,8367,9068,966
OPM % 10%7%10%11%10%11%12%13%14%13%14%12%14%
Other Income 33036835438149628136296561469706604532
Interest 8799349869921,034944888859869817874754803
Depreciation 1,7131,7681,8561,7861,8431,8742,0181,8921,9321,9392,1182,0802,155
Profit before tax 3,1001,2142,8393,3173,2313,3284,1364,8485,6435,2966,5505,6766,540
Tax % 29%-12%15%26%32%30%23%37%31%29%19%29%28%
Net Profit 2,2051,3622,4112,4542,1962,3313,1743,0743,9093,7355,2844,0044,741
EPS in Rs 9.816.0610.7310.929.7710.3714.1213.6817.3916.6223.5117.8221.10

Last Updated: January 1, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 87,695104,28198,759100,184115,183130,542118,144132,008195,059223,202215,962238,496261,701
Expenses 79,67195,43790,98187,867101,488115,031103,838114,449166,712200,536192,090206,691228,002
Operating Profit 8,0248,8447,77812,31713,69515,51114,30617,55928,34722,66623,87231,80533,699
OPM % 9%8%8%12%12%12%12%13%15%10%11%13%13%
Other Income 677-8321,5001,1982,8791,127906-9871,2531,3071,5191,832-219
Interest 2,7024,1785,1345,7423,9113,7784,1973,7383,7683,6463,8583,4193,312
Depreciation 3,3473,4934,3474,4574,5064,7775,0916,6286,7297,0867,5217,8818,573
Profit before tax 2,653340-2033,3158,1578,0835,9246,20619,10313,24114,01222,33721,595
Tax % 20%75%245%43%25%32%36%44%28%24%28%28%
Net Profit 2,195259-7021,8826,0835,4953,7673,48313,73010,09710,15516,00216,078
EPS in Rs 10.534.14-1.218.4727.1024.4816.7715.5061.1044.9345.1971.2071.55
Dividend Payout % 9%24%-82%13%4%5%6%19%6%7%8%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-88.20%-371.04%368.09%223.22%-9.67%-31.45%-7.54%294.20%-26.46%0.57%57.58%
Change in YoY Net Profit Growth (%)0.00%-282.84%739.13%-144.87%-232.89%-21.78%23.91%301.74%-320.66%27.03%57.00%

Hindalco Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:15%
3 Years:7%
TTM:12%
Compounded Profit Growth
10 Years:28%
5 Years:33%
3 Years:6%
TTM:58%
Stock Price CAGR
10 Years:26%
5 Years:31%
3 Years:20%
1 Year:10%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:12%
Last Year:14%

Last Updated: September 5, 2025, 6:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 206207207223223222222222222222222222222
Reserves 40,39838,12240,40245,83654,62957,27958,09566,31177,96994,584105,924123,487134,644
Borrowings 64,75668,46867,55263,81752,07452,41568,39967,20664,48660,29156,35663,92974,878
Other Liabilities 32,62134,95032,98636,26840,08842,05641,90255,08379,17868,39268,22176,66286,936
Total Liabilities 137,982141,746141,146146,144147,014151,972168,618188,822221,855223,489230,723264,300296,680
Fixed Assets 61,16371,95985,64884,68785,08885,86089,195100,269106,874110,626111,810116,556122,373
CWIP 23,05914,1114,2141,8142,0634,0977,72110,2024,9457,70014,86727,39734,680
Investments 12,96112,34612,46315,15710,7819,0129,41117,13314,11914,11615,44424,15829,506
Other Assets 40,79843,33038,82144,48649,08153,00362,29161,21895,91791,04788,60296,189110,121
Total Assets 137,982141,746141,146146,144147,014151,972168,618188,822221,855223,489230,723264,300296,680

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7,9567,14311,68812,68710,89811,97712,66517,23216,83819,20824,05624,410
Cash from Investing Activity + -8,095-3,873-3,220-2,8765,333-5,456-7,101-25,280-6,773-7,559-14,267-24,609
Cash from Financing Activity + 1,493-2,437-8,862-5,552-16,412-5,4666,610-4,882-6,765-10,450-10,817-1,816
Net Cash Flow 1,353833-3944,259-1811,05512,174-12,9303,3001,199-1,028-2,015
Free Cash Flow -1,3601,4277,6369,8187,9426,0095,93311,71511,4839,5718,3784,006
CFO/OP 111%94%166%109%94%89%89%105%73%97%112%94%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-56.00-60.00-60.00-51.00-39.00-37.00-54.00-50.00-36.00-38.00-33.00-32.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 383229303232293639272830
Inventory Days 114104103120115103120146138111111123
Days Payable 89879211510896981351289390102
Cash Conversion Cycle 644940363839514749454951
Working Capital Days 4-64-17171843-3131223
ROCE %5%6%4%8%10%11%9%9%17%11%11%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%
FIIs 26.08%26.25%27.01%27.89%26.82%27.18%28.58%28.04%28.15%27.60%28.13%28.16%
DIIs 26.20%26.08%25.78%25.06%25.64%25.41%24.17%24.53%24.68%24.93%24.11%23.17%
Government 0.22%0.22%0.22%0.35%0.35%0.35%0.35%0.35%0.35%0.35%0.35%0.35%
Public 12.44%12.42%11.92%11.59%12.08%11.98%11.78%11.99%11.71%12.01%12.23%13.16%
Others 0.41%0.39%0.42%0.47%0.46%0.44%0.50%0.48%0.47%0.45%0.54%0.51%
No. of Shareholders 6,76,1106,66,4896,13,2445,49,2316,41,5416,49,5516,45,5376,94,8366,81,0986,90,9326,65,0096,79,190

Shareholding Pattern Chart

No. of Shareholders

Hindalco Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 25,000,000 2.96 2406.525,000,0002025-04-22 15:16:470%
SBI Large Cap Fund 11,001,605 1.93 1059.01N/AN/AN/A
SBI Multicap Fund 9,020,000 3.78 868.27N/AN/AN/A
SBI Contra Fund 8,020,000 1.58 772.01N/AN/AN/A
Kotak Flexicap Fund 7,500,000 1.28 721.95N/AN/AN/A
SBI Large & Midcap Fund 6,700,000 1.72 644.945,600,0002025-12-08 01:40:5719.64%
HDFC Flexi Cap Fund 6,000,000 0.59 577.568,400,0002025-12-15 00:42:20-28.57%
Aditya Birla Sun Life Flexi Cap Fund 5,628,825 2.19 541.836,146,1822026-02-23 03:04:57-8.42%
Aditya Birla Sun Life Large Cap Fund 5,034,769 1.59 484.65N/AN/AN/A
ICICI Prudential Balanced Advantage Fund 4,988,200 0.68 480.168,606,3282025-12-08 01:40:57-42.04%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 72.0545.7145.4261.7315.66
Diluted EPS (Rs.) 71.9145.6545.3661.6515.65
Cash EPS (Rs.) 107.5779.6177.3692.1345.52
Book Value[Excl.RevalReserv]/Share (Rs.) 557.25478.17427.09352.24299.73
Book Value[Incl.RevalReserv]/Share (Rs.) 557.25478.17427.09352.24299.73
Revenue From Operations / Share (Rs.) 1074.31972.801005.41878.64594.53
PBDIT / Share (Rs.) 155.46114.27107.76132.8184.50
PBIT / Share (Rs.) 119.9680.3975.84102.5054.64
PBT / Share (Rs.) 100.6063.1159.6088.1435.59
Net Profit / Share (Rs.) 72.0745.7345.4461.8215.67
NP After MI And SOA / Share (Rs.) 72.0845.7445.4861.8515.69
PBDIT Margin (%) 14.4711.7410.7115.1114.21
PBIT Margin (%) 11.168.267.5411.669.19
PBT Margin (%) 9.366.485.9210.035.98
Net Profit Margin (%) 6.704.704.517.032.63
NP After MI And SOA Margin (%) 6.704.704.527.032.63
Return on Networth / Equity (%) 12.939.5610.6517.565.23
Return on Capital Employeed (%) 13.2810.3410.2415.608.59
Return On Assets (%) 6.014.374.496.151.83
Long Term Debt / Equity (X) 0.450.440.540.660.88
Total Debt / Equity (X) 0.500.510.610.800.97
Asset Turnover Ratio (%) 0.950.940.480.460.33
Current Ratio (X) 1.561.391.481.281.39
Quick Ratio (X) 0.810.690.760.690.76
Inventory Turnover Ratio (X) 5.323.471.771.891.72
Dividend Payout Ratio (NP) (%) 4.866.568.814.856.37
Dividend Payout Ratio (CP) (%) 3.253.775.173.262.19
Earning Retention Ratio (%) 95.1493.4491.1995.1593.63
Cash Earning Retention Ratio (%) 96.7596.2394.8396.7497.81
Interest Coverage Ratio (X) 10.096.586.567.825.02
Interest Coverage Ratio (Post Tax) (X) 5.943.633.764.612.52
Enterprise Value (Cr.) 202578.70164494.90132943.50172305.20128775.70
EV / Net Operating Revenue (X) 0.840.760.590.880.97
EV / EBITDA (X) 5.876.485.565.846.87
MarketCap / Net Operating Revenue (X) 0.630.570.400.640.54
Retention Ratios (%) 95.1393.4391.1895.1493.62
Price / BV (X) 1.221.170.941.621.09
Price / Net Operating Revenue (X) 0.630.570.400.640.54
EarningsYield 0.100.080.110.100.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindalco Industries Ltd. is a Public Limited Listed company incorporated on 15/12/1958 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27020MH1958PLC011238 and registration number is 011238. Currently Company is involved in the business activities of Manufacture of copper from ore, and other copper products and alloys. Company's Total Operating Revenue is Rs. 93309.00 Cr. and Equity Capital is Rs. 222.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Aluminium21st Floor, One International Centre, Tower 4, Near Prabhadevi Railway Station, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Kumar Mangalam BirlaNon Executive Chairman
Mr. Satish PaiManaging Director
Mr. Praveen Kumar MaheshwariWholeTime Director & CFO
Mrs. Rajashree BirlaNon Executive Director
Mr. Sushil AgarwalNon Executive Director
Mr. Aryaman Vikram BirlaNon Executive Director
Mr. Yazdi Piroj DandiwalaIndependent Director
Ms. Alka Marezban BharuchaIndependent Director
Mr. Vikas BaliaIndependent Director
Mr. Sudhir MitalIndependent Director
Ms. Ananyashree BirlaNon Executive Director
Mr. Arun AdhikariIndependent Director
Ms. Sukanya KripaluIndependent Director
Mr. Anjani Kumar AgrawalIndependent Director

FAQ

What is the intrinsic value of Hindalco Industries Ltd and is it undervalued?

As of 14 April 2026, Hindalco Industries Ltd's intrinsic value is ₹732.62, which is 19.05% lower than the current market price of ₹905.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.0 %), book value (₹600), dividend yield (0.55 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindalco Industries Ltd?

Hindalco Industries Ltd is trading at ₹905.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,030 and low of ₹546. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,03,284 Cr..

How does Hindalco Industries Ltd's P/E ratio compare to its industry?

Hindalco Industries Ltd has a P/E ratio of 11.7, which is below the industry average of 47.72. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Hindalco Industries Ltd financially healthy?

Key indicators for Hindalco Industries Ltd: ROCE of 14.8 % is moderate. Dividend yield is 0.55 %.

Is Hindalco Industries Ltd profitable and how is the profit trend?

Hindalco Industries Ltd reported a net profit of ₹16,002 Cr in Mar 2025 on revenue of ₹238,496 Cr. Compared to ₹13,730 Cr in Mar 2022, the net profit shows an improving trend.

Does Hindalco Industries Ltd pay dividends?

Hindalco Industries Ltd has a dividend yield of 0.55 % at the current price of ₹905.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hindalco Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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